ICMM updates mine-community relations guide to reflect investors’ pressure

Main power utility, Eskom, is struggling to meet demand in a country that depends on coal to generate 85% of its electricity.

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.

According to the company, the gem is estimated is worth more than $600,000 if put on auction.

Analysts believe Cowal mine may be worth at least $400 million, and that Barrick would likely get as much as $1.1 billion from the sale of both, the New South Wales' mine and Papua New Guinea’s Porgera.

Facilities scheduled to start production in the fall of 2015; seen as model for future foreign investment and development projects

The main objective of the legislation is to ensure that profits from those so-called “blood metals” — tungsten, tin, tantalum and gold — do not go to African warlords.

The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.

Only lower grade fines are oversupplied shows new research report.

Much of the overall decline in reported gold output was due to a significant quarter-on-quarter production declines from AngloGold Ashanti, Goldcorp, and Sibanye Gold.