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Gold

Proposed gold sector strike unprotected by Labour Court

The Association of Metalworkers and Construction Union (AMCU) will appear in court next month to appeal the judgment that declared the union’s planned gold sector strike unprotected. The judgment was handed down on January 20 by Judge Edwin...
28th February 2014
 
SLURRY PUMPS

Slurry pumps company targeting several African markets

PROVEN PRODUCT Pump and Abrasion Technologies’ aims to prove that BattleMax range of slurry pumps is not a mere mid-line or short-term product South Africa-based slurry pump specialist Pump and Abrasion Technologies (PAT) aims to establish its presence in the African market more securely this year, specifically in the copper and gold markets in Zambia and Ghana, while servicing its...
28th February 2014
 
GOLD

Goldgroup Mining gets explosives permit for Mexican operation

Mexico-focused gold producer Goldgroup Mining on Thursday said that it had received an explosives permit from the Secretary of National Defense, which was the final permit necessary for full-scale operations at the company's 100%-owned Cerro...
27th February 2014
 
GOLD

Northern Star doubles SPP, proceeds to more than triple output

ASX-listed gold miner Northern Star Resources has doubled the size of its share purchase plan (SPP), which closed on February 19, from $15-million to $28.9-million, in response to demand from shareholders, the company announced on Thursday. “We...
27th February 2014
 
COMPANY RESTRUCTURING

Veris Gold rises as restructuring committee investigates strategic alternatives

The TSX-listed stock of North American gold producer Veris Gold on Monday climbed after the company announced that a restructuring committee announced earlier this month was investigating strategic alternatives and planning the financial...
24th February 2014
 
Gold

Resources Watch Video Available

Kumba’s return to black shareholding rises to R21.7-billion, Despite cost cuts, Gold Fields is still focused on growth. And, Rod Pickering says it’s ‘absolutely unacceptable’ for South Africa to continue mining the way it is.
21st February 2014
 
MINING & THE ENVIRONMENT

ConCourt rules on acid mine drainage liability

A recent Constitutional Court (ConCourt) ruling has left the responsibility for acid mine drainage (AMD) squarely on the shoulders of the owners of the land – even after it had been sold. This emerged as the ConCourt dismissed an application by...
19th February 2014
 
GOLD

Osisko Gold Q4 profit falls

Canadian Malartic Quebec-based gold producer Osisko Mining on Tuesday reported a narrower fourth-quarter profit as the lower gold price impacted on its financial performance. Osisko, which is the target of a C$2.6-billion hostile takeover bid by rival Goldcorp,...
19th February 2014
 
GOLD

Goldplat FY2014 operating profit expected to be materially lower

While Aim-listed Goldplat has taken action to reverse the effects of the company’s difficult trading period during the first six months of the 2014 financial year, the gold producer said on Monday that it still expected its 2014 operating profit...
17th February 2014
 
GOLD

Barrick Gold posts hefty loss, expects lower 2014 output at higher costs

The world’s largest gold producer Barrick Gold on Thursday reported a significant fourth-quarter loss as several impairment charges, lower realised gold and copper prices and reduced sales volumes weighed on the balance sheet. For the fourth...
13th February 2014
 
GOLD

Despite cost cuts, Gold Fields still focused on growth Video Available

Gold Fields CEO Nick Holland While gold producer Gold Fields was restructuring its operations to make the company more sustainable at the current gold price, it was still focused on growth, Gold Fields CEO Nick Holland said on Thursday. Speaking at a presentation of the...
13th February 2014
 
GOLD

Dividend-paying ABG beats FY guidance to produce 640 000 oz

Bulyanhulu mine Following a year in which African Barrick Gold (ABG) introduced a sweeping operational review to buffer against a subdued gold price, the company has beaten its full-year production guidance by 7% and increased year-on-year output to 641 931 oz...
12th February 2014
 
 
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