Sibanye lifts stake in DRDGold to 50.1% . JSE-listed gold miner Sibanye-Stillwater has exercised its option to subscribe for additional ordinary shares in surface gold miner DRDGold, increasing its shareholding to 50.1%, from 38.05% previously...

Growth initiatives to continue in 2020 as new laws come into effect . Initiatives to drive growth and stabilise the economy will continue to be a focus in the coming year, especially as efforts to root out corruption and State capture progress, law firm Webber Wentzel sa...

Central bank gold demand remains healthy but shows signs of slowing . The World Gold Council’s (WGC’s) latest statistics show that monthly increases of 1 t or greater, in gold reserves, have begun to ease over the past three months.

The council on Thursday released its...

Gold miners may increase cash returns as prices rise . Gold miners may increase the cash returned to shareholders as gold prices rise but should exhibit more caution than in past bull cycles, ratings agency Fitch Ratings advises.

According to the agency,...

Gold-backed ETF holdings grew 14% in 2019 . Global gold-backed exchange-traded funds (ETFs) and similar products had $19.2-billion, or 400 t, of net inflows in 2019 after holdings rebounded in December, the World Gold Council (WGC) reports.

Co...

Key Ramaphosa ally hinders efforts to tackle power supply crisis . South Africa has been hit by rolling power cuts less than a month after President Cyril Ramaphosa gave renewed assurances that energy constraints were being addressed, making his pledges ring hollow an...

Anglo keen to enter fertiliser space with polyhalite . JOHANNESBURG (miningweekly.com) – Diversified mining company Anglo American is keen to enter the fertiliser space by acquiring an underground polyhalite mining project in North Yorkshire, UK, on which ...

First Quantum shores up takeover defence . TSX-listed First Quantum Minerals (FQM) has taken steps to better defend itself against possible takeovers by adopting a new shareholder rights plan, as well as an advance notice policy related to the ...

Tshipi expansion on the cards for Jupiter . PERTH (miningweekly.com) – ASX-listed Jupiter Mines has completed a concept study on the expansion of its Tshipi Borwa manganese mine, in South Africa, with a feasibility study expected to start shortl...

Gold hits highest since 2013 as Goldman backs bullion in crisis . SINGAPORE – Gold surged to the highest level in more than six years as fast-rising tensions in the Middle East stoked demand for haven assets, with Goldman Sachs Group saying that bullion offered a mor...