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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 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.
In his daily commentary, Julian Phillips reckons this could be a big week for gold.
The platinum miner says the ramp-up of its Styldrift project is 6 months delayed due to problems with hoisting capacity.
The virus has spread to two new regions, including an area where an AngloGold Ashanti mine is located.
The country plans to award 50 to 100 mining-exploration licenses starting next year.
Sierra Leone’s Finance Minister has flown into the UK to join talks on trying to secure a future for London Mining’s Marampa iron ore mine.
Logistical problems could delay initial gold production from Aureus’ New Liberty - West Africa’s newest developing gold mine.
Gold is holding higher levels, moving slightly down before recovering to hold the highest levels seen recently, observes Julian Phillips.
The union was displaced by AMCU as the biggest labour representative in the platinum sector last year.
The big fall in iron ore price and the Ebola epidemic rife in Sierra Leone have in combination brought the company to its knees.
The country plans to replace corporate income taxes for mines with higher royalties from Jan. 1.
An investor rebellion last month forced it to scrap a $2.1bn share sale.
There's money on the table, but Orbis Gold shareholders may hold out against a $140m cash deal.
South Africa's gold mining sector has been contracting as ore grades decline and shafts plunge to hard-to-reach depths.
The diamond producer has signed a three-year wage deal with South Africa's National Union of Mineworkers.
The South African government wants 30 exploration wells drilled in the next 10 years.
Mechanisation key to mining’s survival, but labour is critical for its success.
Asia demand waned but is expected to come back in full force on the fall in gold price, explains Julian Phillips.
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