This is the bitter daily routine for men and women recently made redundant from full-time employment at the mine, 100 kilometres (60 miles) east of Johannesburg.Ramaphosa, who came to power in February, faces the formidable challenge of tackling record national unemployment levels of 27 percent, withRead full newsRead More
After years of losses and failed turnarounds, Gold Fields Ltd. is having to come up with another plan to save its massive South Deep mine. Its shares plunged.Read full newsRead More
(Bloomberg) - Don't write off gold in the battle of the havens.Bullion has lost out in a paradigm shift where the metal's no longer viewed as the traditional refuge when investors are in a risk-off mood, but that won't last, according to Rick Rule, chief executive officer of Sprott U.S. Holdings Inc.Investors are favoring U.S. Treasuries, and that's seen the dollar get stronger, Rule said in an i...Read More
Ontario's Government for the People is investing $1.5 million to help build a new palliative care facility that will provide quality end-of-life care to patients across the Nipissing region."Once built, the Nipissing Serenity Hospice will be a home away from home, helping those who need it most - those who are facing the most difficult path of end-of-life care," said Vic Fedeli, Minister of Finan...Read More
Canadian-based mining company, SEMAFO, says one employee and one sub-contractor lost their lives after armed bandits shot at a bus transporting employees to the Mana Mine in Burkina Faso. SEMAFO said the bandits were fired at by policemen. The bus was transporting employees from the town of Bobo-Dioulasso.SEMAFO says operations at the Mana Mine, located 80 kilometers from the incident, are not aff...Read More
Canadian-based mining company, SEMAFO, says one employee and one sub-contractor lost their lives after armed bandits shot at a bus transporting employees to the Mana Mine in Burkina Faso. SEMAFO said the bandits were fired at by policemen. The bus was transporting employees from the town of Bobo-Dioulasso.SEMAFO says operations at the Mana Mine, located 80 kilometers from the incident, are not aff...Read More
JUNEAU, Alaska (AP) - A massive gold mine proposed in western Alaska has cleared a regulatory hurdle, acquiring permits from federal agencies. The Donlin Gold Mine received permits Monday from the Army Corps of Engineers and the Bureau of Land Management after about six years of environmental review, Alaska's Energy Desk reported . The project required a permit from the Corps because it will...Read More
Gold Fields' chief executive officer Nick Holland said on Thursday he was not considering resigning after mines minister Gwede Mantashe blamed the company's plan to cut jobs at its struggling South African mine onRead full newsRead More
Companies desperate to turn struggling operations around have cut jobs left and right, but the government issued a stern warning against further layoffs.Read full newsRead More
This is the bitter daily routine for men and women recently made redundant from full-time employment at the mine, 100 kilometres (60 miles) east of Johannesburg.Ramaphosa, who came to power in February, faces the formidable challenge of tackling record national unemployment levels of 27 percent, withRead full newsRead More
After years of losses and failed turnarounds, Gold Fields Ltd. is having to come up with another plan to save its massive South Deep mine. Its shares plunged.Read full newsRead More
After years of losses and failed turnarounds, Gold Fields Ltd. is having to come up with another plan to save its massive South Deep mine. Its shares plunged.Read full newsRead More
Precious gemstones miner Gemfields revealed Friday the Zambia's Revenue Authority (ZRA) had served the company with two search warrants for its Kagem emerald mine, as part of a probe into alleged tax evasion.The two search warrants were served during an unannounced visit to Gemfield's Kagem mine.During an unannounced visit on Thursday, the ZRA seized documents and files including those supposedly...Read More
Precious gemstones miner Gemfields revealed Friday the Zambia's Revenue Authority (ZRA) had served the company with two search warrants for its Kagem emerald mine, as part of a probe into alleged tax evasion.The two search warrants were served during an unannounced visit to Gemfield's Kagem mine.During an unannounced visit on Thursday, the ZRA seized documents and files including those supposedly...Read More
Turkey's move to hike tariffs on US imports this week threatens the country's coal supply since a weakened lira will likely make the commodity a very expensive one, even as its price in US dollar terms declines, a report by Wood Mackenzie shows.According to the Scottish research and consultancy group, high costs of imported coal in Turkish lira terms puts at risk a few million tonnes of metallurg...Read More
Mr. Ivan Bebek reportsAURYN COMMENCES DRILLING AT HOMESTAKE RIDGE GOLD PROJECT AND PROVIDES UPDATE ON DRILLING PROGRESS AT COMMITTEE BAYDrilling has commenced at Auryn Resources Inc.'s 100-per-cent-owned Homestake Ridge project located in northwestern British Columbia. The program, which began on Aug. 7, 2018, consists of approximately 3,000 metres of core drilling to target gold mineralization al...Read More
The main union at Chile's Caserones copper mine, majority-owned by Japan's JX Nippon Mining and Mitsui Mining, has accepted an adjusted contractual offer from management, which marks the end of the negotiation process and removes the threat of a strike."We have reached an agreement on the drafting of the collective contract, and we have signed the collective agreement," the board said in an intern...Read More
The main union at Chile's Caserones copper mine, majority-owned by Japan's JX Nippon Mining and Mitsui Mining, has accepted an adjusted contractual offer from management, which marks the end of the negotiation process and removes the threat of a strike."We have reached an agreement on the drafting of the collective contract, and we have signed the collective agreement," the board said in an intern...Read More
The major gold miners' stocks plummeted in brutal cascading selling this week as stops were run. That shattered strong multi-year support, devastating sentiment among the handful of contrarians remaining in this forsaken sector. With fear and despair extreme, it's critical to take a deep breath and get grounded in the gold miners' just-reported Q2'18 fundamentals. They reveal if this surpris...Read More
An example of jade mined in the Cassiar area of far northern British Columbia. Photo by Ellsworth DicksonOne of northern British Columbia's First Nations is moving to have all jade exploration and mining as well as placer mining suspended on its traditional territory.It is not clear what triggered the move by the Tahltan First Nation to halt the activities of jade miners who say they have been ope...Read More