Posts Tagged ‘africa’

African Barrick Gold (ABGL.L: Quote) said its net profit declined in the first quarter as lower production and higher costs offset rising gold prices. Net profit fell 5 percent to $50.4 million as the miner's production dipped 2 percent to 173,907 ounces. Cash costs jumped 28 percent to $658 an ounce. Full story

South Africa’s Gold Fields is to raise its controlling stake in two Ghanaian gold mines by buying out IAMGOLD’s 18.9 per cent share for USD 667.00 million in cash. Upon completion, which is expected by 31st July, the Johannesburg-based buyer will Full story

Iamgold Corp. Full story

AngloGold Ashanti ANGJ.J, the world's third-largest gold producer, said on Thursday that it was restructuring its black economic empowerment (BEE) transaction to ensure it benefits its South African employees. The government has set a target for South Full story

on the Australian stock exchange on Tuesday: AQP - AQUARIUS PLATINUM LTD - up two cents at $5.44 Aquarius Platinum will buy private company Afarak Platinum for $US109.7 million ($A105.13 million) to gain South African platinum mineral rights. CNA - COAL Full story

Click here to read the whole story or read an excerpt below. By Nicholas Larkin Gold may decline in New York as some investors sell the metal following its rally to a record and after the African Union said Libyan leader Muammar Qaddafi agreed to a Full story

Carlos X. Alexandre submits:c First and foremost, and as reported by Reuters last night, “Gaddafi ‘accepts peace roadmap’: South Africa's Zuma,” and I hope this is the real deal. Full story

"As expected production is lower than that achieved in the previous quarter (900,000 ounces), almost entirely due to the customary Christmas break in South Africa, when all mines close for two weeks," it said in a brief guidance for investors. "The Full story

Gold Fields Limited (Reg. No. Full story

African Gold Group (CVE:AGG) reported Thursday encouraging drill results from its Kobada gold project in Mali, potentially expanding the resource at the property. The results from 27 near surface step out holes, which were drilled to the north of the Full story