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Monday, 20th September 2021
9:16:05pm

Mining

Articles related to mining

Harmony Gold records half-year profit, helped by higher bullion prices

South African bullion producer Harmony Gold Mining said on Tuesday it posted an interim profit boosted by a higher average gold price, which rose by 19% during the period.

Headline earnings per share (HEPS) rose to 249 cents for thesix months ended Dec. 31, from a loss of 4 cents in the sameperiod a year ago.

HEPS is the main profit measure in…

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DRDGold on track to meet upper end of guidance in June

JSE- and NYSE-listed surface gold miner DRDGold produced just over 3 037 kg of gold in the six months ended December 31.

This was an increase of 33% compared with the 2 280 kg of gold produced in the six months ended December 31, 2018.

The company produces gold at its two operations Ergo and Far West Gold Recoveries, in South Africa.

DRDGold, which…

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South Africa's AMCU mining union seals platinum wage deals

South Africa’s biggest platinum mining union has sealed wage agreements with Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater, the union said in a statement sent to media on Tuesday.

The Association of Mineworkers and Construction Union (AMCU) has been negotiating with the country’s biggest platinum miners since June, and in October…

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ZCDC mulls international diamond sale

State-owned Zimbabwe Consolidated Diamond Company (ZCDC) is planning international diamond auctions next year to boost sales volumes.
The planned 11 international tenders will also be conducted in Asian cities, according to Bloomberg citing acting chief executive Rob de Pretto.
“All those big companies like De Beers and Alrosa are also doing it,…

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Barrick Gold reaches deal with Tanzania over Acacia Mining

Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month.

The tax deal includes the payment of $300 million to settle outstanding tax and other disputes, the lifting of a concentrate export…

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