Bristow sets steep targets for Randgold
Randgold Resources expects to be producing 1.2 million ounces of gold per year by 2015, and its operations will meet a 20% profit target even if gold falls to $1,000/oz, says CEO Mark Bristow.
Great Basin Gold’s sales down
Great Basin Gold has sold 27% less gold sequentially in the third quarter from its operations in Nevada and South Africa.
Central Rand Gold handed a lifeline
Central Rand Gold has been granted a stay of execution as the Minister of Mineral Resources agreed to temporarily reverse her decision on the cancellation of the group’s mining right.
Xstrata, Num stand-off continue
Xstrata says it had met with the National Union of Mineworkers in a bid to end a strike at its coal and alloys operations, but the talks were unsuccessful.
Sata’s shake-up ‘for the better’
A leading Zambian legal expert says mining firms have little cause for panic over the policies of Zambia’s President Michael Sata, saying these steps will help to stamp out corruption.
JIC labour dispute stings platinum miners
Several junior platinum miners are caught in the crossfire of the labour dispute between mining contractor JIC Mining and the National Union of Mineworkers.
SA gold company earnings to jump
The gold price hit record levels in rand terms during the September quarter, meaning the SA gold companies should be about to report healthy increases in earnings.
Have you heard about the Irish gold mine?
Most gold miners require considerable funding to get off the ground, but a man from Northern Ireland has embraced low cost techniques favouring nature.
Tanzanian mining stumbles through 2011
Tanzania's mining sector grew only slowly this year due to uncertainty over government policies and a prolonged energy crisis, says a mining official.
African Barrick posts record net profit in Q3
African Barrick Gold Plc says its profit rose to a record in the third quarter, boosted by higher production and all-time high gold prices.