South Africa’s chamber of mines says sector “in crisis”

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Chinese giant Chalco, in the process of is selling its stake in the project to parent Chinalco, said it will get a bit over $2bn for the transaction.

Europe's largest gold mine will cost Gabriel Resources US$15 billion.

First drop in mining ouput in seven months.

Decision was driven by a combination of environmental requirements, the age of the plants, competition from natural gas and declining electricity consumption in Tenessee.

Barrick and Goldcorp said to be ready to wave their Marigold mine good-bye.

This compares to the $379 per tonne averaged during the first eight months of 2013.

Although production and sales increased, a 12.8% drop in realised copper prices dragged revenues down.

The accident occurred when a construction crew accidentally drilled into a 10-inch liquefied petroleum gas line.