MINING.COM

AngloGold Ashanti wants to buy more small miners

AngloGold’s completion of five small, but high-value-yielding acquisitions over the past four years was expected to add about 700 000 oz/y to its production profile at about two-thirds of the cost its competitors would pay to build new assets.

Frik Els | August 6, 2012 | 8:01 pm

Fatal clash over $80 a month mining wage strains Zambia China relations

A Chinese supervisor died on Saturday after being hit by a trolley pushed at him at the Collum mine in Zambia during a dispute over minimum wages.

Frik Els | August 6, 2012 | 6:00 pm

After burning fingers in Congo, First Quantum is going big in Zambia

The Vancouver-based miner inked a deal with a Zambian firm for a new mine on Monday adding to its already ambitious expansion plans totalling $3.7 billion which includes building one of the world's largest copper smelters.

Frik Els | August 6, 2012 | 3:59 pm

Platinum and palladium continue to move sideways

Unless it mounts a challenge against its $1,500 resistance level, platinum will "stay on loose grounds" and will fail to attract new investment.

Michael Allan McCrae | August 4, 2012 | 10:36 pm

‘Fed up’ gold mining boards to continue hacking top management

“We interpret that lack of capital discipline and stock underperformance has reached a breaking point in the mining sector and we expect further management changes to come.”

Frik Els | August 3, 2012 | 3:19 pm

Anglogold walks away from Gabon JVs with Silver Bull

The JVs dates back to October 2009 and AngloGold spent approximately $5.7 million on exploration at Ndjole-Mevang and $3 million at Ogooue.

Frik Els | August 3, 2012 | 2:45 pm

Gold Fields threatens worker layoffs as restructuring talks stall

Gold Fields (NYSE:GFI), the world's fourth largest gold producer, has begun formal talks with its workers and union about labour reductions at its South Deep Joint Venture.

MINING.COM Staff Writer | August 3, 2012 | 6:08 am

Kinross dumps CEO

After seeing its share price halved in the past year, the Kinross Gold (TSE:K) board decided to remove Tye Burt and promote Paul Rollinson from Executive Vice-President, Corporate Development to CEO.

Michael Allan McCrae | August 2, 2012 | 5:28 am

Three people shot dead after mob rushes Aquarius Platinum mine

Three protestors are dead and 20 are injured at Aquarius Platinum's Kwezi shaft when 200 disgruntled former contractors, some carrying petrol bombs, forced their way onto the company's property.

Michael Allan McCrae | August 1, 2012 | 10:58 pm

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