Justin Brown
Guest Author
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/ 28 April 2006

JSE declines from all-time high

After starting very close to a record high, the JSE was lower at midday on Friday due to the increase in Chinese interest rates, which has sparked fears about the effect that this could have on demand for commodities, equity traders said. By 12.10pm, the all-share index was 1,34% weaker at 21 068,010.

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/ 6 April 2006

Wits Gold targets bulls

Mining exploration company Wits Gold, which is planning to list on the JSE at the end of April, will provide investors seeking leverage a long-term option on the gold price through its access to an ore resource of 1420-million troy ounces of gold in the Wits Basin,

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/ 30 March 2006

Platinum, gold price surge to new highs

The price of platinum on Thursday surged to an all-time high of $1 086 an ounce, eclipsing its previous all- time best of $1 085/oz established on February 3, on the back of gains in gold and silver, analysts said. At about noon on Thursday, gold climbed above $580/oz for the first time since January 1980.

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/ 29 March 2006

Wits Gold likely to list on JSE in April

Gold exploration company Wits Gold was likely to list on the JSE in the middle of April as part of the company’s strategy and to increase the company’s profile, chief executive officer Marc Watchorn said on Wednesday. In 2004, the company acquired gold resources from AngloGold Ashanti, Gold Fields and Harmony Gold.

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/ 23 March 2006

Rescuers battle fire at Buffelsfontein mine

Nine rescue teams were fighting an underground fire at Simmer and Jack Mines’ (Simmers) Buffelsfontein mine in the North West province on Thursday in a race against time to reach nine missing miners, the company said. Simmers CEO Gordon Miller said the rescue teams were close to where they thought the men might be.

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/ 20 March 2006

JSE within 100 points of all-time high

The JSE all-share index on Monday moved within just over 100 points of an all-time high due to stronger world equity markets, firm metals prices and a weaker rand, equity traders said. During the course of Monday morning the JSE all-share index climbed to 20 211,631 points, the highest level for the JSE since February 2.

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/ 16 March 2006

China could become leading gold producer

China’s annual gold output is currently increasing at a rate of 5% a year, and by 2009 the country could surpass South Africa or Australia as the world’s number one gold miner, New York-based CPM group managing director Jeffery Christian said on Thursday. South Africa has been the world’s largest gold miner for decades.