Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019
The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.
The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.
Gold producers in Africa's most industrialised economy, have seen profits squeezed by rising costs, labour unrest and declining grades.
Eskom's troubles are a big headache for heavy energy users in South Africa, particularly gold mining companies.
According to the industry group, such reform would encourage additional investment in capital and technology.
"The 50% tax cut for U.S. Steel to stay in Gary is not going to cause a population growth and employment opportunities."
In the past, gifts have included electric fans, laptops, pressure cookers and televisions.
The Russian gold producer has received a 15-year mining permit for its Lefa mine.
"The law allows 100 percent ownership...and you can apply for exploration or mining licenses."
“There is no renegotiation taking place because a law has been passed in parliament to change the tax regime."
Record palladium prices and a weaker rand are lifting the gloom enveloping South Africa’s platinum industry.