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Gold producers say wage demands 'unaffordable'

By: Reuters     Updated 39 minutes ago South African gold producers said on Tuesday that union wage demands were "unaffordable" and could add R16.5-billion ($1.3-billion) to the sector's wage bill. The producers, which include AngloGold Ashanti, Sibanye Gold and Harmony Gold, said in a statement that the industry's total wage bill in... 

Gold producers say wage demands 'unaffordable'

Gahcho Kué diamond mine construction progressing apace

By: Henry Lazenby     Updated 7 hours ago Construction of the Gahcho Kué project, the world’s largest diamond mine currently under construction and which is located in Canada’s Northwest Territories, was 62% complete as at the end of May, project developer Mountain Province Diamonds reported on Tuesday. The Gahcho Kué Joint Venture (JV)... 

Switching to growth mode top priority for mining and metals companies – EY

By: Creamer Media Reporter      Updated 7 hours ago Cyclical behaviour and short-term focused shareholders had pushed a ‘switch to growth’ to the top of professional services firm EY's yearly ranking of business risks in mining and metals companies globally. "A switch to growth mode, productivity improvement and access to capital are all critical... 

Switching to growth mode top priority for mining and metals companies – EY

TSX ends up in volatile trade; energy and utilities jump

By: Reuters Canada's main stock index erased a sharp fall to end in positive territory on Tuesday, with energy stocks rebounding with oil prices and utilities gaining on bets the Bank of Canada could cut rates next week to stimulate a struggling economy. The Toronto Stock Exchange's S&P/TSX composite index... 

Fortune to refocus on Canadian assets following failed Colorado venture

By: Henry Lazenby While regretting the loss of its only operating asset after failing to repay its creditors, Canada’s Fortune Minerals could potentially emerge from a restructuring positioned to carry on with its flagship Canadian assets without any debt, provided that a negotiated agreement closed within the... 

Fortune to refocus on Canadian assets following failed Colorado venture

Canada’s Revenue Agency proposes to reassess Silver Wheaton income tax

By: Henry Lazenby The world’s largest precious metals streaming firm Silver Wheaton has received a proposal from the Canadian Revenue Agency (CRA) to reassess the company under various rules contained in the Income Tax Act. In a letter dated July 6, the CRA outlined its position that the transfer pricing... 

StratMin raises £625 000 through share placement

By: Megan van Wyngaardt Graphite producer StratMin Global Resources has raised £625 000 through the placing of 15.6-million new ordinary shares at 4p each. This followed the signing of a binding strategic partnership and joint venture agreement with Tirupati Carbons & Chemicals Group, an India-based graphite mining and... 

Cupric to spend $200m to build Botswana copper mine

By: Reuters Cupric Canyon Capital, a private equity firm backed by a unit of Barclays Plc, will spend $200-million to bring its copper-silver mine in Botswana to production, the company said on Tuesday. Construction of the mine, which will be built by Cupric's Botswana unit Khoemacau, is set to start in 2016... 

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