MORE misery was heaped on South Africa's precious metals industries after Sibanye Gold announced today it would restructure its Cooke and Beatrix West operations...
Sibanye Gold stayed the axe over two-thirds of the 3,000 employees potentially affected by restructuring at its Beatrix mine in the Free State province.
Central African Gold, the gold company with a portfolio of production and exploration assets in Africa, says that three major shareholders have sold their shares in the company.
Gold One International said it had issued an ultimatum to striking workers at its Modder East mine and would consider dismissal as the walk out was unprotected.
Miner Galaxy Gold says it expects to resolve problems with mining rights and list after the middle the year.
DRDGold's Blyvoor underground mine was deemed to be out of financial distress, a judgement that opens the way for Village Main's all-scrip offer unveiled earlier this week.
Gold Fields' Tarkwa was already the highest margin mine in the group's new look, all the more reason why it can't afford a lengthy dispute with Ghanaian employees.
Newcrest Mining says it will resume gold production at its Bonikro mine in the Ivory Coast.
THE strengthening of the rand against the dollar which has taken a large portion of South Africa's precious metals industry into loss-making territory, claimed...
Gold backed exchange traded funds helped power gold demand to a more than one third increase in the second quarter, the World Gold Council reported.