Billionaire hedge-fund manager Ray Dalio maintained his holdings in the two biggest gold-backed ETFs even as an investor exodus sent prices of the metal tumbling.
If company and union leaders reach a consensus, the mediation would be further extended for several days so the 2,459 workers can vote to accept or reject the new offer.
South Africa mines minister said on Tuesday he was concerned by bullion miner Gold Fields' plan to cut around 1,100 jobs without due regard to processes outlined in the Mineral and Petroleum Resources Development Act.
The project is made up of five contiguous exploration permits and has a historic gold production of around 40,000 ounces of gold, mined between 1985 and 1996.
The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.