Sibanye may close loss-making Cooke 4 mine, puts 2,500 jobs on the line
The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.
The company said financial losses at the mine threaten the viability of the rest of the Cooke operations, which include four mines and three processing plants.
Gold falls after much stronger than expected payroll number in the US, but quickly recovers to trade back within shouting distance of two-year high.
The best thing that we can do is to understand these trends and build a set of skills that will be in demand in any market.
Reverses much of recent declines after shocking payroll figures kills early interest rate hike and dollar rally.
Fresh fall brings monthly copper price decline to more than 10% as gauge of Chinese manufacturing shows rate of job losses near post-financial crisis record.
In partnership with mine management teams across Australia, North America, Latin America, Africa, Europe and Asia Immersive has delivered dozens of Continuous Improvement (CI) projects that have helped miners control costs, lift productivity and maintain safety standards.
Despite the ups and downs, the precious metal has gained 21% so far this year.
Bob Moriarty of 321Gold discusses how Jobs' insight can provide lessons on gold manipulation and what moves markets.
In a further indication of the uranium slump, Cameco (NYSE:CCJ, TSX:CCO) is suspending production at its Rabbit Lake operation in northern Saskatchewan and curtailing production at its US operations.
The layoffs may increase to 1,800 if the metal prices don’t recover soon, said the company.
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