South African gold miners’ silicosis lawsuit nearing settlement
Lawyers acting for thousands of gold miners who contracted lung diseases at work in SA mines say an out-of-court settlement could be reached by December.
Detour Gold Corporation (TSX:DGC) ("Detour Gold" or the "Company") is pleased to announce that it has completed its previously announced bought deal public offering of common shares. In addition to the 8,600,000 common shares the underwriters initially agreed to purchase, the underwriters, led by BMO Capital Markets and CIBC, purchased all of the 1,290,000 common shares available for issuance pursuant to the exercise of their over-allotment option.
Centerra Gold announced on Tuesday that employees at its massive Kumtor operation in the Kyrgyzstan remain on strike, sending its shares down as much as 3.5%.
Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.
The Philippines is taking a cue from South Africa, Australia and Zambia, all recent examples of government attempts to extract more revenues from their mining sectors and add more controls.
This week's 60 Minutes examines why gold has become so important to India and what significance it plays in weddings and rituals. And story like this lends itself to some pretty good visuals.
In a recent Fortune article, Warren Buffett provided a glimpse into his upcoming annual shareholder letter. Buffett used this opportunity to once again remind everyone how much he dislikes gold.
When asked if shareholders could be rewarded with a special dividend Newcrest chief executive Greg Robinson said such a move was ''always on the cards'' in times of plenty.
FLSmidth has been awarded a contract worth approximately $82 million from the company Allied Nevada Gold to supply equipment and services for its major Hycroft gold mine expansion.