Cutifani warns of tears at ‘knife-edge’ mines
AngloGold Ashanti’s CEO sketched a grim scenario for South Africa’s mining industry
which was on a knife-edge amid illegal strikes in which some 80,000 mineworkers
were participating.
Pan African eyes gain from SA’s pain
Upheavels in South Africa’s mining industry will not deter Pan African Resources
from growing its asset portfolio, even though the company claims to have enough on
its plate for now.
Strike contagion shuts down 40% of SA gold
AngloGold Ashanti confirmed its South African production had been interrupted as
strike action spread, a development that could prove catastrophic and involve
catalysing downsizing.
Why Harmony should rethink Golpu options
Harmony Gold will not produce enough gold in South Africa to fund its share of the
$5bn Golpu development costs.
Great Basin granted $35m loan
Great Basin Gold has been granted a $35m working capital loan by its existing
lenders.
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.