The union that led 2014's bitter five-month strike in South Africa's platinum belt has brought the same demands – doubling of wages – to the gold sector.
The miner, which is the world’s No.4 bullion producer, said unreasonable wage demands and escalating power costs in South Africa will likely push the country’s industry down the slippery slope.
Overall Chinese imports plummeted 16% in April as coal enters free-fall, but iron ore's decline was modest and copper shipments jumped 5%.
The UK High Court ruling is the latest setback BSG Resources, which is fighting on multiple legal fronts over the alleged corruption case.
According to the team of explorers, the silver treasure found belonged to the infamous 17th-century Scottish pirate William Kidd.
The company's shares have lost over 40% of their value since it first listed in 2011 on the London Stock Exchange.
The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.
Prices of commodities are expected to remain high and to be a key driver of African growth over the next few years
The Africa-focused gold producer saw its first-quarter profit fall16% due mainly to lower bullion prices and reduced production.
Steelmaking raw material now up 28.7% from decade lows hit last month.
BHP Billiton shareholders have overwhelmingly voted in favour of the South32 demerger, a spin off that creates Australia’s third-largest mining company.
Gold has concentrated lots of interest in the past 6-7 years due to the economic crisis.
The mines ministry has missed an April deadline to ask courts solve the issue of whether companies may claim they meet black-ownership quotas if shareholders have sold their stakes.
Developing Mothae and Lemphane concurrently would allow Paragon to benefit from significant economies of scale, said Paragon Diamonds.
Mick Davis hasn't spent a cent of his $6bn, but private money and non-mining players' share of M&A has already doubled in less than three years.
American geophysicist and Fulbright scholar, Stephen Haggerty, has found a new prickly, palm-like plant that seems to grow only on top of kimberlite pipes.
RioZim Ltd., which mines gold, diamonds and coal in Zimbabwe, wants to work with state-owned power utilities in South Africa and Namibia to build a 1,400-megawatt electricity plant near its Sengwa coal fields.
If the miner buys any assets this year, it would be Rio's first acquisition in about three years.
Today's results are the lowest earnings Vale has reported in six years and its third straight quarterly loss.
The measure aims to stimulate production and attract investment in the sector, amid low international prices for the coveted gems.
Iron ore price falls 4% on Wednesday as oversupply, Chinese steel fears return.
Africa’s second-biggest copper producer, may lose as much as four days’ output of the metal after the country’s power grid went down on Monday, the mines chamber said.
As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.
Pick one: long gold or short gold?
CRU principal consultant Christine Meilton predicts a rising trend topping $3.60 a pound by 2019, but thereafter China-induced weakness returns.
Prices for the steel-making material added Monday US$1.28 or 2.17% to US$59.09 a tonne, taking its gain since bottoming on April 2 to 25%.
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