Home News Page 1032

News

Gold price set to explode as Europe dithers

0
Gold experts Martin Murenbeeld and Frank Holmes reckon the gold price is about to explode because of the Eurozone crisis and the negative real interest rates ruling in many economies.

Harmony to cancel UK listing

0
Harmony Gold Mining, SA's third largest gold producer, has said it was streamlining its listings by cancelling the listing of its shares in the UK.

Peru’s Humala tightens grip in Cabinet overhaul

0
Peruvian President Ollanta Humala has sworn in a new team of ministers in a shake-up that may lead to harsher crackdowns on social protests.

Mwana Africa H1 loss narrows

0
Mwana Africa has reported a narrower first-half loss, driven mainly by a jump in production at its Freda Rebecca gold mine in Zimbabwe.

ANC warms to Chile mines policy

0
If a mining model based on the "Miracle of Chile' is pursued, ideological, financial and political compromises lie in the wake for South Africa's mining industry.

JP Morgan warns over slumping platinum output

0
JP Morgan Cazenove has sounded a warning over the negative impact on the platinum miners of falling production linked to increased safety inspections by the Department of Mineral Resources.

Support grows for Durban climate deal

0
Support has grown for an EU plan to agree a global climate change pact with binding targets by 2015, after poor nations forged alliances with developed countries.

African Barrick Gold to miss 2011 output target

0
African Barrick Gold says it will fall short of its 2011 production target because of escalating power disruptions to national grid electricity supply in Tanzania.

Mugabe presses for vote, indigenisation

0
Zimbabwe President Robert Mugabe has called for elections next year and says he will not back down in forcing foreign firms to sell majority stakes to blacks.

Kumba, Amsa put arbitration on ice

0
ArcelorMittal SA and Kumba Iron Ore have placed an arbitration process over a supply agreement on hold, saying it will continue once the court case over the disputed Sishen right is finalised.