He was found guilty of issuing illegal tax exemptions to a gold audit firm, which cost the government millions of dollars in lost revenues.
Companies are keen to avoid a repeat of last year’s five-month platinum strike, but their ability to raise salaries is limited.
The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.
As fresh reports provided further evidence of a slowing Chinese economic and consequently increasing stock piles up at its ports.
China's central bank commitment to ensure policy remained prudent this year may mean no more monetary stimulus, which could see copper demand growth slow further.
If you’ve ever been to a diamond investment pitch you’ve probably seen ‘The Chart,’ the one where diamond demand soars, while supply trails forlornly in its wake.
Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.
The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.
Kimberley Diamonds is shifting focus to the Lerala mine in Bostwana, which will be its key source of revenue.
Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways.
The country bans child labour in mines, but critics say the government has not done enough to stop illegal operations from exploiting minors.
Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.
The miner is spending $1.3 million in exploration work aimed to reopen a historic tin-indium mine in Nova Scotia.
Gold producers offered above-inflation wages, which make up 55% of their mining costs in the country.
The Canadian miner said it expects the lower output to "adversely" impact costs at the mine.
Burkina Faso's transitional parliament passed a new mining code on Friday that abolishes a previous 10 percent tax break on mining company profits and obliges firms to pay into a local development fund.
The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.
The company, however, said it remained committed to the diamond industry.
The commission into the deaths at Lonmin's Marikana platinum mine in August 2012 concluded the plan to quell the massive protest was “defective,” and shouldn't have been executed as such.
Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.
The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.
The move puts an end to a nearly nine-month standoff that has hit output and profits in Africa’s second largest copper producer.
Unions are demanding as much as double workers’ current wages.
Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.
The market for copper is equal to approximately $120 billion each year, which rivals that of even iron ore.
Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.
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