Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.
AngloGold Ashanti Mining News
The government considers minerals with the "strategic" designation important for the economic, social and industrial future of the country.
Operations have resumed at AngloGold Ashanti's Siguiri gold mine in Guinea
Kelvin Dushnisky, who leaves Acacia and its parent company Barrick, assumes as South Africa’s AngloGold Ashanti (JSE:ANG) new boss next week.
Wage negotiations in the gold sector are at a deadlock and the South Africa's National Union of Mineworkers (NUM) has declared a dispute, a move that is one step short of a strike.
The turnaround in performance was mainly the product of increased output, reduced net debt and lower-than-expected restructuring costs.
Dushnisky will join AngloGold in September, ending the search to replace Srinivasan Venkatakrishnan, who left the world’s third-biggest gold miner in April to run India’s Vedanta.
The latest Mining Charter doesn’t provide solutions to the industry’s challenges and will make it difficult for companies to buy and sell assets.
Producers have been giving above-inflation wage hikes for years, adding to the cost burden of an industry that has been battling in the face of depressed prices, labour unrest and soaring power bills.
The country's environmental protection agency has issued permits for AngloGold's Obuasi mine, paving the way for its redevelopment.
Additional cuts are to come across mines and towns in South Africa, once the world’s biggest producer of gold.
The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.
Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.
Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.
The Shareholders Gold Council (SGC), expected to be launched as early as June, will have more than a dozen investors.
Despite its insatiable appetite for materials, India is yet to impose itself among the mining heavyweights like Australia, China or even the U.K.
The company’s remaining South African assets are the Mponeng underground gold mine, and a surface operation.
The company is mired in disputes with the governments of Tanzania and the Democratic Republic of Congo over law changes that raise taxes in the countries.
The parties said they believed an out-of-court settlement was far preferable for all concerned than an inevitably lengthy and expensive litigation process .
Most claimants are black miners from South Africa and neighbouring countries such as Lesotho, whom critics say were not provided with adequate protection during and even after the Apartheid ended in 1994.
Newly appointed Minister of Mineral Resources Gwede Mantashe said the key to regain investors and miners confidence in the South Africa’s mining sector was to finalize revised plans for black ownership in the industry in the coming weeks.
Mali's government is negotiating with mining companies to draft a new mining code but will move to implement a new law unilaterally if no compromise is reached, the West African country's economy minister said. Many […]
The suit was launched around six years ago on behalf of miners suffering from silicosis, contracted by inhaling silica dust in gold mines.
Mining companies operating in the country vigorously oppose new code to be signed into law.
Rough year shuffles ranks of global gold mining giants as Freeport makes a comeback – 2018 forecasts point to another tumultuous year.