Amid worst slump in over six years, ruling party of South Africa calls shaft closures and layoffs "unpatriotic" as unions gear up for another brutal fight.
South Africa’s top gold producers believe it is highly likely that unions agree to take the latest pay offer presented to them, marking the end of almost 5 weeks of negotiations.
While the world can count dozens of important currencies, when it comes to top line financial and investment discussions, the currency marketplace really comes down to a one-on-one cage match between the two top contenders: the U.S. Dollar and the Euro.
The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious …
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
Study shows half of a mining project's value can be lost due to permitting delays.
Mark Fellows, director of metals consulting at SNL Metals & Mining, explains why permitting delays happen, what they’re costing our economy and how to fix it.
An asteroid said to contain up to $5.4 trillion worth of platinum reserves will be making a close approach to planet Earth this evening, July 19th.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.
It would be the first time since 2009 that Anglo has to cut dividends.
For investors, there’s no place like home. Data shows that investors are heavily sector-biased based on where they live.
Data showing South African production up 88% in May from a year ago pushes platinum to levels last seen in 2008 while palladium falls to 2-and-a-half year low.
They claim the official report on the police killing of 34 striking miners in 2012 is a "gross defamation" of those who died.
Today's infographic compares how 14 different asset classes have performed during the last five crises.
Billions wiped from mining sector as gold, silver prices fall and copper, iron ore prices plummet to 2009 levels amid Chinese stock market collapse.
Successful resource investors have to make their way past a lot of money pits before they find a stock that will make it to the top.
Companies are keen to avoid a repeat of last year’s five-month platinum strike, but their ability to raise salaries is limited.
Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.
Sunday's fiasco was the third major failure for America's commercial space industry in less than a year.
Gold producers offered above-inflation wages, which make up 55% of their mining costs in the country.
Letter of intent signed with Orion Mine Finance
Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.
The commission into the deaths at Lonmin's Marikana platinum mine in August 2012 concluded the plan to quell the massive protest was “defective,” and shouldn't have been executed as such.
The companies, which bargain collectively under the country’s Chamber of Mines, are already battling low metal prices and mounting electricity costs amid power outages.
Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.
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