AngloGold Ashanti (NYSE:AU) CEO, Mark Cutifani, reassured investors on Thursday the firm would turn the corner after several strikes in the mining sector left it with major losses.
In what it shouldn’t come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3% on the year in September.
The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank and the IMF, said a source from the country’s ministry of mines.
The total value of overseas mergers and acquisitions pursued by Middle Kingdom's mining and metals players has surged this year according to sector experts from Ernst & Young Global.
Members of South African law enforcement are alleged to have planted weapons on the corpses of Marikana miners killed during the deadliest police clashes since the end of Apartheid.