Political tensions give precious metal miners pressure respite
POLITICAL ructions globally and domestically have provided respite to South Africa's precious metal producers which unveiled some 21,000 in potential job losses in June...
Endeavour to sell Nzema for $65m, lowers output guidance
TORONTO-listed Endeavour Mining is to sell its 90% stake in its Ghanaian gold mine Nzema for $65m to BCM International, a mining and civil...
Sibanye restructure takes mining sector jobs hit to 21,000 in 14...
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...
Randgold targets “upper end” of 2017 production guidance
RANDGOLD Resources was on course for full-year gold production of 1.3 million ounces following a strong showing in the second quarter in which 341,316...
AngloGold braces for hefty loss as absorbs SA mine restructure
ANGLOGOLD Ashanti is heading for a heavy half-year headline earnings loss of $93m or R1.2bn as it absorbs the cost of a restructuring of...
Acacia complains of “increased pressure” as senior employee held
THE relationship between Acacia Mining and the Tanzanian government appears to have deteriorated with the company today complaining of "increased levels of pressure" on...
Acacia shares plummet 20% as Tanzania lodges $190bn claim
ACACIA Mining owed the Tanzanian government $190bn related to alleged under-declaration of concentrate exports between 2000 and 2017, according to notices of adjusted assessment...
Acacia may put Bulyanhulu into mothballs as cash diminishes
ACACIA Mining is to put its Bulyanhulu gold mine on care and maintenance at the end of the current quarter under pressure of a...
Pan African to study EGM shaft reopening in effort to boost...
PAN African Resources (Pan African) could add a fifth to its current annual gold production if a feasibility study to mine from a closed...
Shanta Gold in business review following Tanzania legislation
SHANTA Gold is to conduct a business review of its activities and cost base following controversial new legislation in Tanzania where it operates the...