Current gold environment necessitates cost cutting.
World's 5th largest gold miner up nearly 8% after saying it's co-operating with SEC and DoJ investigating whistleblower case at giant West Africa mine.
The Johannesburg stock market, the capitalist heart of South Africa's 'City of Gold', is close to relegating the last bullion producer in its bluechip index, the latest sign of the precious metal losing its place in an economy it once dominated.
It’s no secret that Africa’s economic development has been stifled by the shortage of electricity across the continent.
The fate of the South African mining industry is once again in the hands of striking workers.
Newly-appointed mines minister Mosebenzi Zwane said the government would challenge job cuts sweeping across the mining industry.
Platinum price drop below $900 not good news for gold price either.
Up more than 10% since Volkswagen's emissions admission.
The company, Australia’s third-biggest copper producer, expects digital-age related technologies to boost demand for the metal.
The contract will give the company, which wants to become a one-stop shop African fertilizer business, a platform to distribute the product across eastern and southern Africa.
Glencore's (GLEN.L) Zambian unit Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3,800 workers due to lower metal prices and high production costs, government sources said.
According to SRK, the company needs to spend $84 million over the first four years of the project
Given that ousted minister Ramatlhodi is considered the main person that helped end a five-month strike in the country’s platinum sector last year, Zuma's decision is being questioned.
The mining giant acknowledged it used a Singapore marketing hub to minimize its tax expenses, but added it is paying its fair share worldwide.
So far, copper prices have failed to react significantly to news of supply disruptions, remaining more responsive to news from China, the world’s largest consumer.
The Vancouver-based miner has sold 30% of the company to La Mancha Holding in a deal that will grant it a majority stake in the massive Ity gold mine, in Côte d’Ivoire.
Atlatsa Resources Corporation ("Atlatsa" or the "Company") (TSX: ATL; JSE: ATL) advises that it, together with its joint venture partner, Anglo American Platinum Limited, has determined to implement a restructure plan at Bokoni Platinum Mine Proprietary Limited ("Bokoni Mine").
But the company is on track to reach its longer-term target of about 5 million carats of diamond production a year by 2019.
"Blue Moon" is expected to fetch up to $55 million when it goes under Sotheby's hammer on Nov. 11, in Geneva.
The move aims to reduce the gold producer's dependence on unreliable electricity supply from state-run utility Eskom Holdings.
Number five is a single pit that produces 77 million tonnes of iron ore per year.
The alleged deals involve Glencore's Collahausi mine in Chile, as well as Antamina and Antapaccay copper mines in Peru.
Under the agreement with AngloGold, Randgold will lead and fund a development plan to rebuild the Obuasi gold mine in Ghana.
Carroll, who led Anglo American from 2007 to 2013, will chair the company’s Vedanta Resources Holdings Ltd. unit and advise the group’s chairman.
The share sale is set to reduce the company’s net debt by a third to around $20 billion by the end of 2016.
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