Wednesday, August 17, 2016

Austrian Mint’s Vienna Philharmonic 20 Ounce Gold Coin celebrates a 20 Year Success Story

October 30, 2009 by · Leave a Comment 

Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul [...]

New thinking needed on Eskom electricity tariff – Harmony

October 30, 2009 by · Leave a Comment 

South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday. The head of South Africa’s third-largest gold-mining company said that increasing the electricity tariffs by [...]

Harmony’s first-quarter gold output up 6%

October 30, 2009 by · Leave a Comment 

South African-based gold-miner Harmony Gold recorded a 6% quarter-on-quarter increase in production to 11 615 kg of gold during the quarter ended September 30, 2009, but CEO Graham Briggs warned on Friday that the company might have to restructure some of its lowest-grade, highest-cost operations as a result of the strengthening rand. Both the underground [...]

For Harmony Gold, free cash flow remains elusive

October 30, 2009 by · Leave a Comment 

The gold digger remains precariously balanced between completing four big projects, and waiting for build up of new operating cash flows. Read more….

Strong rand could force Harmony’s hand on restructuring

October 30, 2009 by · Leave a Comment 

The group will be looking at some restructuring at its lowest-grade, highest-cost operations Read more….

CoAL of Africa to buy NuCoal

October 29, 2009 by · Leave a Comment 

South Africa-focused coal-miner Coal of Africa Limited (CoAL) plans to raise £59,6-million to fund a proposed R650-million acquisition of NuCoal Mining, to accelerate capital expenditure (capex) at its Vele and Makhado projects, and to pursue other smaller acquisitions, it announced on Thursday. The ASX-, Aim- and JSE-listed coal-miner would place up to 59,8-million new ordinary [...]

Buy Gold Bullion

October 28, 2009 by · Leave a Comment 

When strictly short-term investors buy gold bullion, many of them prefer the affordability of bullion bars, because their utter simplicity warrants the lowest possible investment- grade gold price. Short-term investors generally purchase one- ounce, and/or ten-ounce bars, whose prices usually hover slightly above the current gold spot price, which is the cost of one Troy-ounce [...]

Anglo to keep De Beers stake for the long term

October 28, 2009 by · Leave a Comment 

Tarmac sale remains on the cards but group clear it will not “give it away” Read more….

Two trapped Harmony workers freed

October 27, 2009 by · Leave a Comment 

Rescue teams have freed two workers who had remained trapped underground at Harmony Gold’s Target mine, near Welkom, in the Free State, following a fall-of-ground incident on Monday afternoon. Spokesperson Marian van der Walt confirmed that both employees had been rescued late on Monday and that they were both being treated in hospital. She noted [...]

Harmony shuts Target gold mine after fatal accident

October 27, 2009 by · Leave a Comment 

Read more….

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