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.
Shabangu says miners were “caught napping’
Mines Minister Susan Shabangu says mining companies were caught napping by the
wildcat strikes and promises to apply terms of the updated mining charter in tougher
terms.
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.
Amplats halts Rustenburg mines
UPDATED: Anglo American has stopped work at all its Rustenburg operations, citing
threats of violence against its employees.
Cutifani confident of solving labour crisis
Mark Cutifani, vice-president of the Chamber of Mines of SA, told reporters in
Denver that South Africa would solve labour unrest on its gold and platinum mines in
two months.
Gold Fields’ patience running thin
Gold Fields says it may soon change tact in its bid to bring the ongoing work outage
at its KDC West mine to an end, while Anglo American Platinum reports widespread
intimidation.
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.
SA gives cautious “yes’ to shale gas
SA has given a conditional green light to the exploration of shale gas in the Karoo
and will assess every step towards full scale hydraulic fracturing for possible
"unacceptable outcomes'.
Coal industry “in flux’
The search for new coal markets has become a matter of urgency for producers
across the globe, says market analysts IntierraRMG.
Implats in fresh strike alert after new demand
The platinum miner confirms it is negotiating with labour representatives that are
"Amcu-aligned’ as the threat of fresh industrial unrest hits its key Rustenburg mine.