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This is clearly an attempt to hurt the Technical picture, hoping to trigger protective stops to make it go lower, says Julian Phillips.
The state wants to buy Areva’s water desalination plant to secure supplies for uranium-mining operations.
South Africa’s mines minister has asked to meet with Robert Friedland to resolve issues relating to the Platreef mine.
Prices closed in New York at $17.07, down 18 cents, after yesterday’s statements from the U.S. Fed.
The launch of the Bluedax website marked the first time the $18 billion-a-year trade ventured onto the Internet.
The miner’s operations in South Africa were hit by a five-month strike earlier this year.
Gold prices climbed to their highest level since September 10 last week, breaking above the $1,250 an ounce level.
Sibanye Gold could be first to use gas-powered trains.
Gold's future is brightening as the structural global problems promise some disruptions next year, says Julian Phillips.
Sibanye has announced record gold output in Q3 but its full year production target still looks an ambitious one.
The country has signed a string of investment deals with China totalling $11 billion.
If these sales halt, the support for the gold price remains strong, says Julian Phillips.
It has taken seven months to complete, but MDM Engineering has now become part of the much larger Foster Wheeler engineering group.
Sphere Minerals has slowed plans to develop its Askaf project after iron ore prices plunged.
The South African police fired rubber bullets on Friday to disperse protesting workers at DiamondCorp's mine.
The wider economy is also struggling to shake off the shock of the strike, the longest in South Africa’s history.
Iron ore price to remain at low levels - analysts.
The gold price closed at $1,241.50 down $6.80 on Wednesday. London took it down to $1,243.
The net loss was mainly due to the R1.38bn impairment of the company's Phakisa mine.
The five-month wage strike, which ended in June, cost the company 424,000 ounces in lost production.
The spike in output is largely due to the opening of new mines, including the Kibali mine.
Government's focus on maximising short-term tax revenues risks squandering long-term mining prospects.
Frank Timis is looking to buy London Mining's iron ore mine in Sierra Leone through his private company.
The South African platinum miner will raise the holding of black South Africans to 35.4%.
The company waits for government approval for a new platinum mine in northern Limpopo.
Asian demand remains robust, with premiums in India up as high as 11% and at 6% in Shanghai.
In an update on progress at Kibali, Randgold CEO Mark Bristow again warns politicians not to rock the boat.
Norilsk will transfer to BCL its 50% interest in the Nkomati mine and 85% stake in Tati Nickel Mining Company.
Workers have downed tools at the Koornfontein coal mine in South Africa in a dispute over pay.
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