Mali interim govt raises gold sales tax

Mali's interim government has raised the combined sales tax on gold by 2 percentage points to 8%, a move aimed at bringing it in line with peers in the West Africa region, according to a government statement. The tax hike came as a senior mines...

Cutifani says policies on way to support robust SA mining industry

The CEO of South Africa’s largest gold-mining company expressed confidence on last week that a new policy structure in the making would support the development of a robust mining industry in South Africa.

AngloGold Ashanti CEO Mark Cutifani...

Resources Watch

This week: Amplats tests a fuel cell-powered locomotive at its Rustenburg mine. AngloGold Ashanti says policies are on the way to support a robust South African mining industry. And, Caterpillar’s boss is upbeat about Africa’s future.

SA gold miners hit by price, led by Gold Fields

Gold Fields, the world's fourth-largest bullion producer, led its peers sharply lower on Monday as the precious metal's spot price fell to four-and-a-half month lows. Gold Fields lost more than 5% at one point and at 14:15 GMT was 4.89% lower at...

Gold to lose more glitter in 2012, says Natixis

With many metals having erased their 2012 gains this month, French bank Natixis failed to paint a much rosier outlook for the rest of the year in its latest quarterly review, calling for gold to average $1 540/oz. Copper, often used to gauge the...

Policies on way to support robust SA mining industry – AngloGold Ashanti

The CEO of South Africa’s largest gold-mining company expressed confidence on Thursday that a new policy structure in the making would support the development of a robust mining industry in South Africa. AngloGold Ashanti CEO Mark Cutifani...

AngloGold Ashanti Q1 earnings up, beat expectations

Africa's biggest gold miner AngloGold Ashanti posted first-quarter earnings Thursday that exceeded expectations as it cashed in on a higher gold price, improved margins and a $90-million net tax credit. Production fell 6% to 981 000 oz after...

Innovation the answer to SA’s mining-related water concerns

Environment-friendly methods should be implemented to improve mine water quality because, if the water quality is good, mine water can be used as an alternative water resource, reports North-West University (NWU) hydrogeologist Professor Ingrid...

Metallurgical specialist educates through symposium

Mineral and metallurgical specialists Mintek hosted a successful analytical science symposium at the beginning of this year, as part of its objective to transfer and improve skills in analytical chemistry in the Southern African mining sector, as...

Angry First Uranium shareholders seek to ‘kill two birds with one stone’

A group of disgruntled First Uranium shareholders are threatening to vote down AngloGold Ashanti’s $335-million purchase of the company’s dump reprocessing division Mine Waste Solutions (MWS), thereby killing the planned $70-million sale of...

Tokyo conference to showcase gold’s industrial advances – Mintek

Gold continues to search for its industrial potential, particularly at the nanoscale. Minuscule, nanosized gold particles – measuring three- to four-millionths of a millimetre – are selectively reactive at a nanoscale, while remaining stable...

AngloGold shares up sharply on spot price rally

Shares of AngloGold Ashanti, the world's third largest gold producer, jumped 4% on Thursday as South Africa's main gold producers were lifted by a spot price rally. The spot price broke the psychologically important $1 650/oz level, reversing...