Home Off The Wires

Off The Wires

Tanzania may turn to fossil fuels amid drought

0
to hydropower as a result of a crippling drought is forcing Tanzania to consider sourcing energy supply from fossil fuels.

Rand to test R10 against dollar

0
The threat of labour disruptions in the mining sector and disappointing growth data is expected to push the rand towards 10 to the dollar.

China demand will take gold to $1,200/oz

0
Increased demand for gold from China is expected to lift the price of the metal to $1,200/oz compared to $1,142/oz currently.

Unions stick to gold sector wage demand

0
Unions negotiating with South Africa's gold producers on a proposed five-year wage deal "retained their demands without any movement".

Value of mining deals higher in 2014 vs 2013

0
There was an increase in the value of merger and acquisition transactions in the global mining sector in 2014 compared to 2013, said Grant Thornton.

Developmental pricing a ‘deal-breaker’: CoM

0
Roger Baxter, COO of the Chamber of Mines, said imposing developmental pricing would be "a deal-breaker" for the South African mining sector.

Wage strike crippling Northam output

0
SOUTH African platinum producer Northam Platinum has lost an estimated 12 000 ounces due to the ongoing strike at its Zondereinde mine in Limpopo.

Gold pain far from over – analyst

0
Pressure on the gold price was set to continue based on the trading activity in the New York futures market in which speculators increased their bearish wagers.

Acacia signs $1m Burkina Faso exploration deals

0
Acacia Mining has extended its search for gold in Burkina Faso's Hounde Belt signing earn-in deals with Canyon Resources and Thor Explorations

Dozen firms, NGOs affected by Ebola risk

0
The ebola virus outbreak in west Africa is starting to have an affect on the way miners in the region operate.