Business reporter Lisa Steyn explains the high salaries of mine bosses and how it impacts on wage negotiations.
President Michel Djotodia has declared three days of mourning after 37 people were killed when a gold mine collapsed in Ndassima.
Ghana’s law enforcement officials have detained 124 Chinese workers suspected of illegally mining gold in the country.
Gold’s free fall, in which bullion took its biggest tumble since the 1980s, seems to have taken many investors by surprise.
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A gold mine has collapsed in central Ghana, killing 17 people who were working illegally and had been told to leave, say police and an official.
Welkom’s decay reflects the grim reality facing what was once one of the world’s richest places.
Four people were injured at an apparently violent protest at a gold mine on Monday, four days after Julius Malema spoke in the area.
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/ 15 February 2012
AngloGold Ashanti has become the latest miner to report a surge in output-disrupting safety stops as it unveiled a fall in fourth quarter earnings.
Local engineering firm lands Scottish mine contract with finance from a state-owned company.
Harmony Gold said on Tuesday that a mine in it had shut after a fatality last week will reopen with the morning shift on Wednesday.
Canadian gold and uranium producer First Uranium said on Friday it has resumed underground operations at its Ezulwini gold mine in Gauteng.
Mine waste is everywhere. From cities to towns to farms to nature reserves, polluted water and air have landed on the doorsteps of millions of people.
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/ 28 September 2010
AngloGold Ashanti on Tuesday forecast gold prices — already at record highs — could rise by between $70-$100 an ounce annually.
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/ 21 September 2010
The price of gold could reach $1 500 per ounce by the end of the year, Harmony Gold Mining’s CEO said on Monday.
Stagnating population growth and dwindling deposits of gold and other minerals are likely to crimp South Africa’s growth.
Anglo American, the London-listed mining group, will face accusations that it risks damaging one of the world’s most valuable salmon habitats.
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/ 3 February 2010
More than a dozen mining firms are now working in Eritrea, but villagers are also increasingly using their bare hands to claim some of the riches.
Unions and gold producers met on Wednesday with a mediating authority in a bid to prevent a strike over union demands for a wage increase.
A strike is looming in the mining sector, the National Union of Mineworkers said after a deadlock in its negotiations with employers on Thursday.
Harmony Gold on Thursday confirmed that the bodies of another 15 illegal miners had been brought to surface at its Eland shaft.
Reports this week that more than 60 illegal miners died in an accident in an abandoned gold mine has underlined the human cost of SA’s recession.
The death toll from an underground fire that killed illegal miners at a disused gold mine rose to least 61 on Tuesday, Harmony Gold Mining said.
Zimbabwe’s gold production fell by 49% last year due to an adverse operating environment and lack of working capital, the Chamber of Mines said.
South Africa’s gold output fell by 10% to 49 713,6kg in the first quarter of 2009 compared with the fourth quarter of last year.
South Africa’s gold producers made an opening offer on Thursday of a 5% wage increase, which was rejected by workers who threatened to strike.
Harmony Gold’s net profit for the third quarter of its financial year declined by 26% in comparison to the previous quarter as production fell.
SA Harmony Gold Mining, the world’s fifth-biggest gold producer, said production fell in its third quarter, without giving a reason.
Harmony Gold Mining, SA’s third-largest gold producer, has agreed to sell its entire 12,48% interest in Australian gold company Dioro Exploration.
The godfather of gold, AngloAmerican plc, is officially done with the yellow stuff.
Pamodzi Gold has asked the JSE to suspend the trading of its shares on the exchange, the company said in a statement on Friday.
The ”bellies of the earth” will swallow illegal miners trying to strike it rich in the ”bowels” of gold mines in Barberton, police warned on Friday.
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/ 24 February 2009
Pan African Resources has confirmed that the bodies of five men have been found in an underground section of the Consort gold mine in Barberton.