Preliminary investigations indicate the deceased, an electrician, was fatally injured in a heavy equipment incident.
AngloGold had agreed to sell its Navachab gold mine to a private group, but the country's wants a piece of the pie too.
Despite extreme measures taken by gold miners to balance their books, the sector continues to suffer the aftermath of last year’s precious metal price nosedive.
The miner is also said to be ready to shut down operations at its Obuasi gold mine, in Ghana, for up to two years.
Platinum belt already paralyzed.
Labour action would halt production at the world's top three platinum producers.
After its first quarter of operation, the $1.7 billion project in the DRC is now expected to meet its forecast of 550,000 ounces for the current year.
Study claims the massive project would jeopardize a river basin, potentially reducing water supply for agriculture and consumption.
The cost-cutting miner, however, warned it's in the process of exiting a number of exploration projects in 13 "non-core" countries.
The world's number one gold miner led a sell-off on Thursday after announcing a stock sale to pay down debt at a deep discount.
The sector takes a battering on Tuesday led by 6.7% decline for Goldcorp, world's most valuable gold miner.
Workers for four of the seven companies affected by the labour action had accepted a new pay offer, believed to be about 8%
Shutdown in gold production costs the country more than US$34 million a day.
Last week’s spillage from a pipe at the miner's operations in Stilfontein is said to have spread toxic waste over about 1.6 kilometres of the water resource.
Gold sector workers to down tools from the nightshift of Sept. 3.
The gold bear parade had gotten a bit overcrowded.
New CEO, Srinivasan Venkatakrishnan, said operations are unsustainable.
Companies suggest 0.5% increase on previous offer.
Lower bullion prices affecting rating of AngloGold Ashanti, Harmony Gold and Sibanye Gold.
AngloGold Ashanti and Gold Fields top executives say hostility between workers and management can only damage the long-term viability of the country’s gold mines and projects.
The world’s No. 3 gold producer, will cut about 40% of its management positions and it is cutting capital expenditure in 10 countries.
Kibali Mine to start producing in October.
Companies offer 4% increase; unions demand 60%.
It will be an extremely important and interesting half-year results season for gold miners, say experts.
Between January and March, the country's economy grew by just 0.9% and analyst blame the mining industry for this.
The world’s third-largest producer of the precious metal will see its first-quarter production reduced by about 20,000 ounces.
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