Gold down on better-than-expected U.S. jobs report
Gold for April delivery on the Comex division of the New York Mercantile Exchange was last at $1,184.20 per ounce, or about $12 below where it was before the report was released.
Gold for April delivery on the Comex division of the New York Mercantile Exchange was last at $1,184.20 per ounce, or about $12 below where it was before the report was released.
The decision caps off a dreadful month for South Australia’s mining sector.
Shell Canada told employees last week it will cut up to 10 per cent of 3,000 jobs at the Athabasca Oil Sands Project mining operations it manages north of Fort McMurray in an effort to improve efficiency.
Ban on iron ore mining and exports in top producing states of Karnataka and Goa led to job loss of one million people, directly and indirectly, according to a ASSOCHAM-Yes Bank joint study.
South African earthmover manufacturer Bell Equipment announced plans on Wednesday to restructure and shed jobs, as mining industry customers delay spending in the face of falling commodity prices.
The company has begun a 60-day consultation with unions at Kusasalethu mine, its largest operation.
One of Europe's richest fields of gold and other key metals has reopened, and the prospect of a further expansion is pitting locals worried about farming, fishing, and tourism against those eager for jobs amid severe economic crisis.
The sector created 40,960 direct and 27,471 indirect jobs in 2011, paying $4.6 billion in salaries.