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Gold Producer In Africa, Harmony Gold Mining Reported Fourth Quater Earning Share
Largest gold mining companies in Africa, Harmony Gold Mining companies to report earnings during the period of four quarter fall of 13 percent per share. Companies consider the dividend payment this year. Harmony Gold Mining’s acquisition plan and invest in new projects that can help the growth of the company.
South African Gold Mining Companies Expected to Report Improved Earnings on Strong Gold Price
South African gold majors would likely see improved earnings for the quarter ended March 31, 2009, as a result of the high gold price, irrespective of an increase or decline in production, analysts canvassed by Mining Weekly Online agreed on Monday.
South African Gold Mining Companies Reported 1Q Profit Rise on Metal Price
AngloGold Ashanti Ltd., Gold Fields Ltd., and Harmony Gold Mining Co., Africa’s largest gold producers, will probably say first-quarter profit rose as concerns about the global economy boosted the metal’s appeal.
Africa’s Gold Mine Producer May Spend Less as Price Falls
AngloGold Ashanti Ltd., Gold Fields Ltd. and Harmony Gold Mining Co., Africa’s biggest gold producers, may review spending plans after metal prices tumbled and credit availability tightened.
“They don’t have a choice,” said Abri du Plessis, chief investment officer at Gryphon Asset Management in Cape Town.”Demand is fast beginning to fall away, even if gold still [...]
Activity of Mining Exploration South Africa Faces Increase of Expense In Other Sector
South Africa’s giant mining companies were badly hit by a strike over rising power, food and fuel prices that threatened to bring the continent’s biggest economy to a standstill.
As global mining leaders such as Anglo Platinum (Angloplat) , the world’s top producer of the precious metal, counted their losses, powerful unions prepared for marches across [...]
South Africa: AngloGold On the Lookout for Growth Projects
GLOBAL gold producer AngloGold Ashanti was aggressively seeking ways to compensate for its expected production decline at current operations after four to five years, chief operating officer for Africa Neville Nicolau said on Friday.
Speaking during a conference call on the group’s March quarterly results, he said projects under consideration included deepening Moab Khotsong and Mponeng, [...]
Weakness lumped on back boiler
The JSE put Thursday’s weakness on the back boiler to surge by 160 points on the back of a better US performance in the face of the terror threat and positive outlooks for local companies on the earnings front.
The all share index closed 0.78 percent higher. Resources rose 0.80 percent, the platinum mining index surged [...]
Improved earnings expected from gold companies, but costs a worry
Higher gold prices have paved the way for South African gold-mining companies to report “much improved” quarterly results for the June quarter, gold-company analysts tell Mining Weekly Online.
Those canvassed agree that the “very strong” rand gold price, which is up 19% quarter-on-quarter, will translate to improved earnings across the board, but that operating costs and [...]
