Village Main’s Buffels spared the axe
Village Main Reef’s Buffelsfontein mine will stay in business, with the higher gold
price and improved production offering the mine lifeline, for now.
AngloGold workers on strike at Kopanang
Workers have embarked on an illegal strike at gold producer AngloGold Ashanti’s
Kopanang mine, reports Reuters.
Great Basin buys time as suitors mull Burnstone
The Canadian firm is hoping to win time to seal the sale of its Burnstone mine for
which there are two potential suitors.
Gold Fields strike hangs in balance
The fate of some 15,000 Gold Fields workers turns on eleventh-hour discussions,
with the gold producer ready to serve its third and final ultimatum.
Gold price quickens as Bernanke unveils Q3
The Federal Reserve’s largest and most sustained plan to speed recovery in the US
market by providing it with more cash, known as quantitative easing, could see the
gold price test $1,900/oz.
Holland: “We’re not making that much money’
THE gold industry is starting to recognise that investment cannot be sustained while
returns remain low, says Gold Fields CEO Nick Holland.
Great Basin Gold to shut Burnstone, seeks $40m
The chances of recovering fair value for assets in Great Basin Gold took a turn for
the worse as the company announced it was forced to shut its key South African
mine.
Gold Fields’ KDC West hit by strike
Operations at Gold Fields’ KDC West gold mine have been brought to halt following
the start of a second unprotected strike in as many weeks at the gold mining firm.
Gold Fields workers seek R12,500
Striking workers at Gold Fields’ KDC West mine are demanding a minimum monthly
salary of R12,500, a benchmark in a spate of wage-related labour disputes across
the industry.
NUM brings ends to Gold Fields KDC strike
Gold Fields said a strike involving 12,000 workers at its KDC East mine on the West Rand had been resolved after differences between NUM leaders and regional office bearers were resolved.