Investors unhappy with $2 billion equity raising convinces world number three producer to drop restructuring plans.
The miner has revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.
Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.
Firm also working to restructure Obuasi mine in Ghana.
After the WHO declared the current outbreak an “international public health emergency.”
Forecast slump in gold prices to drive more mine sales, says the firm.
Decision comes on the heels of a finished inventory of permits, which aimed to clean up the sector.
Pipeline seen saving miner millions.
As members pay per ounce of metal produced, both companies said they had to look at the cost-benefits of staying in the organization.
Navachab had gold Mineral Resources of 3.91 million ounces.
The union leading the five-month strike in the platinum sector take any industrial action affecting gold producers.
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.
Get Mining News and Alerts
sent to your inbox daily