Mining charter ‘unacceptable’ says Anglo
The South African government’s Minerals and Petroleum Resources Development Bill would see black-controlled businesses own 51% of all new mines in the country within 10 years, an arrangement Anglo Ame…
DRDGOLD Limited
Mining deaths rise in South Africa
Ninety-four workers died at South African mines in the first quarter — 47% more than the 64 who died in the comparable period of 2001.Health and safety inspectors have responded by threatening to clo…
Golds up in U.S.
With gold trading once again above US$300 per oz., the U.S.-listed majors turned in a strong performance over the report period ended April 23.Newmont Mining advanced 99 to US$29.24; AngloGold rose $…
Turmoil rocks Durban Deeps
Over the report period ended March 5, another blow was struck against the image of South Africa as a serious gold-mining country: the country’s government took the unusual step of barring Durban Roode…
South Africa represented at PDAC
South Africa will have a national pavilion at the annual convention of the Prospectors & Developers Association of Canada, slated for March 10-13 in Toronto.The pavilion represents 12 mining companies…
New offer could avert strike in South Africa
Harmony Gold and Goldfields have presented the National Union of Mineworkers (NUM) with a new offer in hopes of averting a strike at the companies’ South African mines, which employ about 50,000 worke…
Franco trades mine for 20% of Normandy
A market that was plainly awaiting a merger announcement may have been nonplussed, but Franco-Nevada Mining (FN-T) has agreed to exchange the Ken Snyder mine, the Midas property and Australian assets …
Dow awaits election results
Denver — The Dow Jones industrial average paused for the U.S. election, falling a mere 18.96 points, or 0.2%, to close at 10,952.18 for the week ended Nov. 7, while mining issues continued their desc…