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By: Henry Lazenby Updated 4 minutes ago The NYSE-listed stock of miner Goldcorp on Thursday fell 10% after the world’s largest gold producer by market capitalisation swung to a net loss for the three months ended September 30. Vancouver-based Goldcorp reported a loss for the quarter of $44-million, or $0.05 a share, compared with net... →
By: Reuters Updated 3 hours ago There are indications that Zambia may be backing away from plans to impose a 20% royalty rate on open pit mining in the country, a top executive with Barrick Gold Corp said on Thursday. "Our sense is that the government realizes that the numbers they have imposed will be very challenging for the... →
By: Leandi Kolver Updated 3 hours ago Statistics South Africa (Stats SA) would, in future, focus more strongly on the trends of long-term unemployment in its quarterly labour force surveys (QLFSs), statistician-general Pali Lehola said on Thursday. Releasing the QLFS for the three months ended September 30, Lehohla noted that... →
By: Natalie Greve Updated 4 hours ago The shareholders of Aim-listed explorer GoldStone Resources have passed a resolution approving the waiver of obligations on Stratex in connection with Stratex's proposed subscription of £1.25-million worth of shares in GoldStone. As at October 31, Stratex would hold 20.8-million ordinary shares... →
By: Natasha Odendaal Updated 4 hours ago The National Union of Mineworkers (NUM) and Patrice Motsepe’s African Rainbow Minerals (ARM) this week settled drawn-out negotiations over an employee participation fund (EPF). The parties inked a five-year collective EPF that would benefit employees in the A and C bands across all participating... →
By: Natalie Greve Updated 5 hours ago Sephaku Holdings, which is in the process of finalising its interim results for the six months ended September 30, expects to swing to a basic loss a share of between 1.9c and 2c for the half-year, from basic earnings a share of 3.32c in the first half of the prior year. The headline loss a share... →
By: Natalie Greve Mine Restoration Investments (MRI) has appointed FD Anthon Meyer as nonexecutive director and named former Jubilee Platinum group financial manager Carl-Heinz Gernandt as his successor. Gernandt, whose appointment would be effective from December 1, previously held directorship, financial... →
By: Natalie Greve ASX-listed Lemur Resources continued to advance its three-ponged growth strategy by developing its planned flagship Imaloto coal mine, in Madagascar, exploiting its cash balance to acquire additional assets and leveraging its geoservices equipment and geological capabilities in Africa to earn... →