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South African unions sign deal with gold companies

The South African National Union of Mineworkers and two other unions signed Thursday a deal with industry body the Chamber of Mines (CoM), agreeing to a new pay structure for the strike-hit gold mining sector.

Cecilia Jamasmie | October 25, 2012 | 5:26 pm

AngloGold Ashanti fires 12,000 South African striking miners

AngloGold Ashanti Ltd. (NYSE:AU), South Africa's largest gold miner by output, said Wednesday it has began to dismiss about 12,000 of its striking workers, joining this way an increasing list of mining companies that have sacked workers in an effort to end crippling strikes.

Cecilia Jamasmie | October 24, 2012 | 5:03 pm

Gold Fields fires 8,500 striking workers as mining companies get tough on unrest

Gold Fields (JSE:GFI) has fired 8,500 striking workers at a mine in South Africa following their failure to respond to an ultimatum to abandon the strike.

Marc Howe | October 23, 2012 | 11:41 pm

Canada’s Ivanplats closes $307 million IPO and now trades shares on the TSX

Africa-focused miner Ivanplats (TSX:IVP), founded by billionaire Robert Friedland, successfully closed Tuesday its $307-million initial public offering (IPO) on the Toronto stock exchange, issuing total equity of $504 million (Cdn$493).

Cecilia Jamasmie | October 23, 2012 | 6:53 pm

Fresh calls for Carroll’s head. Anglo CEO could be out ‘within weeks’

"There have been signals from the company that there will be change at the top – and soon."

Frik Els | October 21, 2012 | 8:59 pm

Most Gold Fields miners back to work, but KDC East strikers face final ultimatum

Almost all the 15,000 Gold Fields Ltd. (NYSE, JSE:GFI) miners at risk of being fired for going on an illegal strike reported for duty, but striking workers at the company’s KDC East operations received a final ultimatum from the company Friday.

Cecilia Jamasmie | October 19, 2012 | 3:09 pm

Platinum’s days as a catalyst may be numbered

New catalyst uses plentiful cobalt and graphene

Michael Allan McCrae | October 18, 2012 | 4:32 am

Standard and Poor’s cuts Anglo American’s outlook to negative

Global credit rating firm Standard and Poor's (S&P) downgraded Wednesday its outlook on Anglo American PLC (LON:AAL) to negative from stable as a result of growing concerns about the effects of South Africa’s mining strikes on the company's mining operations and on the wider economy.

Cecilia Jamasmie | October 17, 2012 | 1:55 pm

Gold Fields issues ultimatum to 15,000 striking miners

Gold Fields Ltd. (NYSE, JSE:GFI) said Tuesday it will dismiss all miners who fail to return to work by Thursday at its KDC West and Beatrix plants, as the company has lost over 65,000 ounces of gold production because of strikes at its South African operations.

Cecilia Jamasmie | October 16, 2012 | 6:58 pm

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South African unions sign deal with gold companies

AngloGold Ashanti fires 12,000 South African striking miners

Gold Fields fires 8,500 striking workers as mining companies get tough on unrest

Canada’s Ivanplats closes $307 million IPO and now trades shares on the TSX

Fresh calls for Carroll’s head. Anglo CEO could be out ‘within weeks’

Most Gold Fields miners back to work, but KDC East strikers face final ultimatum

Platinum’s days as a catalyst may be numbered

Standard and Poor’s cuts Anglo American’s outlook to negative

Gold Fields issues ultimatum to 15,000 striking miners

Rhodium

1 Week

1 Month

3 Months

6 Months

1 Year

5 Years

Historical

Gold

USD/ozt

Silver

USD/ozt

Platinum

USD/ozt

Palladium

USD/ozt

Iridium

USD/ozt

Ruthenium

USD/ozt

Sign Up for the Mining News Digest

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