Harmony bets big on copper with $1.6B Eva build
South Africa’s Harmony Gold (JSE: HAR, NYSE: HMY) has approved construction of its $1.6 billion Eva copper project in Australia, setting a three-year build that begins in the third quarter of…
Harmony Gold
Harmony Gold buys MAC Copper for $1B
Harmony Gold (JSE: HAR; NYSE: HMY), South Africa’s top gold producer by volume, has agreed to acquire MAC Copper (ASX: MAC; NYSE: MTAL) for $1.03 billion, accelerating its strategic shift…
Mining Indaba: Industry demands sweeping overhaul to revive South African mining
Miners in South Africa are calling for sweeping changes to modernize regulations, streamline licensing and upgrade critical infrastructure to revive the country’s flagging mining sector. Investment to mine in Africa’s…
South Africa’s unity rule may boost mining
South Africa’s new coalition government with a pro-business party could help the world’s leading platinum producer improve its troubled power and rail networks getting metal to market, analysts say. The…
Harmony Gold to pay record dividend, extend Mponeng mine life
The miner will extend Mponeng’s life from seven to 20 years.
Big backers see promise in Nunavut gold
BG Gold, flush with $8.2 million in a new private capital raising from major industry investors, is preparing to drill this spring at its Whale Cove project in Nunavut. …
RANKED: Top gold producers of H1 2023
Gold has taken centre stage this year as a flurry of multi-billion dollar M&A deals have played out in the industry. Newmont’s (TSX: NGT; NYSE: NEM) US$19.2 billion acquisition of…
NYSE trading diverges Aug. 21-25 as investors consider rate hike vs economic growth
United States markets gained and fell by the week’s end as Federal Reserve Chairman Jerome Powell said the central bank may still need to raise interest rates to control inflation…
Newcrest, Harmony Gold ink deal to move Wafi-Golpu project forward
Newcrest Mining (ASX, TSX: NCM) and Harmony Gold (NYSE: HMY) said Thursday they have signed a framework agreement with the Papua New Guinea (PNG) government that sets key terms to jointly…
Unions set to intensify Sibanye-Stillwater strike on exec ‘wage wallop’
South Africa’s Association of Mineworkers and Construction Union (Amcu) has resolved to push ahead with intensifying strike action at precious metals miner Sibanye-Stillwater’s (JSE: SSW; NYSE: SBSW) local gold mines….
US markets climb, Dec. 6-10
The Dow Jones Industrial Average rose 4.02% or 13,909.91 points to 35,970.99 and the S&P 500 increased 3.82% or 173.59 points to 4,712.02. Spot gold ended the week at US$1,782.90…
Two dead and one missing at Sibanye-Stillwater’s Kloof gold mine
South African precious metals miner Sibanye-Stillwater (NYSE: SBSW; JSE: SSW) announced on Tuesday that two members of a mine rescue team died while searching for a missing worker at its Kloof gold underground operation in South…