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.
Hundreds of protesters gathered in Doima, a small town in central Colombia, about 80 km West of the capital Bogota, to oppose a proposed AngloGold Ashanti (NYSE:AU) (JSE:ANG), gold processing plant for its 100%owned La Colosa project.
AngloGold Ashanti (NYSE:AU) CEO, Mark Cutifani, reassured investors on Thursday the firm would turn the corner after several strikes in the mining sector left it with major losses.
South Africa’s Anglo American Platinum (Amplats), the world’s largest platinum producer, has offered to reinstate 12,000 miners fired in early October for illegally striking and pay them a $230) “hardship allowance” if they return to work by Tuesday morning.
The South African National Union of Mineworkers and two other unions signed Thursday a deal with industry body the Chamber of Mines (CoM), agreeing to a new pay structure for the strike-hit gold mining sector.
AngloGold Ashanti Ltd. (NYSE:AU), South Africa's largest gold miner by output, said Wednesday it has began to dismiss about 12,000 of its striking workers, joining this way an increasing list of mining companies that have sacked workers in an effort to end crippling strikes.
Almost all the 15,000 Gold Fields Ltd. (NYSE, JSE:GFI) miners at risk of being fired for going on an illegal strike reported for duty, but striking workers at the company’s KDC East operations received a final ultimatum from the company Friday.
The intensity of the current wave of protest echoes the far-reaching Durban strikes in 1973, writes Lisa Steyn.
Striking gold miners have rejected the industry's latest wage offer, the National Union of Mineworkers (NUM) said on Thursday, confirming mining companies’ fears of labour unrest lasting longer than expected.
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