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South Africa Gold News is an EIN News Service for gold industry professionals. Constantly updated news and information about South Africa Gold.
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Latest South Africa Gold News

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  • South African Markets - Factors to watch on Nov 30 30 Nov 2009 06:13 GMT
    ... of regional shares was 2.6 percent higher. South Africa's rand fell sharply to a 3-week low ... ended weaker, hitting a two-week low, with gold shares the top losers. The Johannesburg Top-40 index ... day, as Dubai debt default fears ensured bullion's safe-haven appeal stayed intact. Spot gold was ...

  • China Sees Buying Opportunity in Gold and Crude Oil Drop 30 Nov 2009 19:08 GMT
    ... THE PRICE OF GOLD traded in a wide 1.5% range early ... higher have not changed," writes South Africa bullion-dealer David Levenstein at MineWeb today – "the ... to realize just how important the gold industry is to Australia." China's largest gold mining ...

  • Gold & Oil Dips "Present Buying Opportunity" Says Chinese State Investment Advisor 30 Nov 2009 16:24 GMT
    ... opportunity to put some forex reserves into gold or oil reserves," says Ji Xiaonan, chair ... 2009 as a whole – confirming what BullionVault forecast in Sept. and quoting senior figures ... to realize just how important the gold industry is to Australia." China's largest gold mining ...

  • U.S. Mint to temporary cease one-ounce American Eagle gold coins 30 Nov 2009 06:12 GMT
    ... suspend the sales of one-ounce American Eagle gold coins until early December because of depletion ... December because of depletion in inventory. is trading at $1,176.90USD and is expected by many ... expects to resume the sale of gold bullion coins in early December. On Wednesday, the ...

  • Gold: Will Dubai sandstorm hit bullion market? 30 Nov 2009 16:52 GMT
    ... The Dubai-based financial sandstorm that roiled the markets late ... a bounce in the emerging market indices. Gold' scary $60 Friday range gave way to ... of its Saab unit. According to automotive industry watchers, such a fate may involve euthanasia ...

  • Chinese grow ever hungrier for gold 30 Nov 2009 03:42 GMT
    ... short of demand China may have record gold demand and output this year as jewellery consumption ... past eight years, he said. China overtook South Africa to become the world's largest producer in ... might pass India as the biggest consumer. Bullion touched a record of $1 195.13 an ...

  • Australia ousts US as second-biggest gold producer, SA slips to fourth 30 Nov 2009 09:40 GMT
    ... Australia ousts US as second-biggest gold producer, SA slips to fourth 30th November ... of 2009. By comparison, China’s Ministry of Industry and Information Technology recorded Chinese production at ...

  • China may beat India in gold consumption 30 Nov 2009 11:32 GMT
    ... year. According to newspaper reports, the country’s gold demand might be more than 450 tonnes this ... 282 tonnes a year earlier. China overtook South Africa to become the world’s largest gold producer ... might pass India as the biggest consumer. Bullion touched a record of 1195,13 /oz on ...

  • The World's Largest Gold Producers In 2009 30 Nov 2009 17:43 GMT
    ... Despite rising mining costs, China, Australia and Russia ... Australia and Russia have all stepped up gold production — in some cases increasing their ... producer this year. A survey of local industry output in the September quarter by Surbiton ...

  • Fruits of the Sauvignon 30 Nov 2009 22:24 GMT
    ... 01 December 2009 by Nikki Lordan, WINE.CO.ZA When acclaimed ... "arguably the best in the world". The industry followed soon after and these days grapes ... that walked away with a Veritas Double Gold, Michelangelo Double Gold and included in the ...

  • Randgold Resources posts circular to shareholders (MRW) 30 Nov 2009 13:31 GMT
    ... JERSEY, CHANNEL ISLANDS -- (MARKET WIRE) -- 11/30/09 ... LSE Trading Symbol: RRS Nasdaq Trading Symbol: GOLD ("Randgold" or the "Company") NOT FOR RELEASE, ... probable ore reserves for purposes of the Industry Guide 7 standards, mineralisation may not be ...

  • Material increase in Kibali indicated resource 30 Nov 2009 13:52 GMT
    ... Randgold Resources Limited Incorporated in Jersey, Channel Islands ... ore reserves for purposes of the SEC's Industry Guide 7. Under the SEC's Industry Guide ...

  • Second round venues for 2010 World Cup 30 Nov 2009 09:18 GMT
    ... The World Cup draw on Friday will decide when ... in the late 19th century during a gold rush to mine the rich Witwatersrand reef. ... Steve Biko. It is the nation's motor industry capital and was the frontier city for ...

  • Banro appoints Michael Beckett to Board of Directors 30 Nov 2009 13:50 GMT
    ... TORONTO, Nov. 30 /PRNewswire-FirstCall/ - Banro Corporation ("Banro" ... Beckett was Managing and Executive Director, Consolidated Gold Fields, where he was responsible for the Group's ... of gold will be produced); fluctuations in gold prices and currency exchange rates; inflation; gold recoveries ...

  • Banro appoints Michael Beckett to Board of Directors (PRN) 30 Nov 2009 13:50 GMT
    ... From 1975 to 1990, Mr. Beckett was Managing and ... Beckett was Managing and Executive Director, Consolidated Gold Fields, where he was responsible for the Group's ... of gold will be produced); fluctuations in gold prices and currency exchange rates; inflation; gold recoveries ...

  • JSE MARKET REPORT: Despite red tinge, JSE sees recovery 30 Nov 2009 05:34 GMT
    ... DESPITE the red hue of South African stocks, ... index was 0,8 % weaker, led by gold miners, which gave up 1,89%. Resources fell ... global economic environment, has endured extremely difficult trading conditions during the first half of the ...

  • Randgold Resources posts circular to shareholders 30 Nov 2009 13:29 GMT
    ... On 15 October 2009, Randgold acquired a 50% indirect interest in Moto ... disclose only for purposes of the SEC's Industry Guide 7 Under the SEC's Industry Guide ...

  • De Wetshof looking back on 2009 30 Nov 2009 22:24 GMT
    ... 01 December 2009 by De Wetshof Wine Estate De ... referred to by members of the wine industry as "anderkant die berg", translated as "on ... Wetshof Edeloes 1991 won a Veritas Double Gold, with the D'Honneur 2003 capturing Gold at ...

  • South African mines run out of gold 26 Nov 2009 10:33 GMT
    ... across the globe are rushing to buy gold fearing a big fall of dollar, miners in ... found in recent years, despite the higher gold prices and despite higher exploration budgets. The global ... come from existing supplies such as coins, bullion or jewelry but it will be very ...

  • South African Markets - Factors to watch on Nov 26 26 Nov 2009 06:50 GMT
    ... low against the yen on Thursday, helping gold scale another record high, while Asian stocks ... expectations of more central bank buying of bullion. WALL STREET U.S. stocks rose in light trading volume on Wednesday, supported by data that ...

  • South African Markets - Factors to watch on Nov 27 27 Nov 2009 07:05 GMT
    ... JOHANNESBURG, Nov 27 (Reuters) - The following company ... African mining firm said on Friday first-half trading conditions had been extremely difficult, with headline ... for future growth on its online business. Gold fell on Friday after hitting an all-time ...

  • Goldman Sachs says gold prices are justified 27 Nov 2009 14:33 GMT
    ... 27 November 2009 - Dow Jones Newswires Goldman Sachs says gold prices are justified Gold and other commodities ... 40% since the start of the year. Industry players have been scratching their heads as ...

  • West Wits to establish South African gold operation 27 Nov 2009 07:01 GMT
    ... West Wits Mining Ltd will establish a gold processing operation in South Africa by purchasing ... South African authorities. Price change from previous trading day: 5.3% ...

  • Gold industry in South Africa dying 25 Nov 2009 06:10 GMT
    ... An article in the South African Journal of Science ... African Journal of Science suggests the country's gold industry is in its death throes. It says ...

  • Jewelry owners cashing in on high gold prices 29 Nov 2009 21:32 GMT
    ... Rising gold prices and an economy that's still in the ... even got a gold Krugerrand coin from South Africa. It gave the seller $1,000, the highest ...


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