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AngloGold to Cut Production and Mining Exploration Cost In South Africa
Gold producer in South Africa is working to increase gold production to benefit from rising gold prices. But at the same time South African gold producers face problems of increase in labor costs. But this year, gold producers are planning a decrease of production costs and exploration of gold mines in South Africa.
AngloGold Ashanti Ltd., [...]
Gold Prices Rises, Profits of Gold Producers Barrick Gold Expected To Rise
Increase in gold prices affect producer profits in gold and gold mining company. One of the largest gold producer Barrick Gold Corp. reported profits in this year will increase sharply, as gold prices rose sharply. In previous years the company suffered a loss of $ 468 million. But this year, profits in the fourth quarter [...]
South Africa Enhance Capacity Of Coal Shipping Port In 2010
South Africa is a country of the world’s largest coal exporter. Company-the world’s largest mining company to invest a lot of searching and exploration of coal mines in South Africa.
South African coal production always increased from year to year, but the South African government faces constraints to deliver coal production, because the capacity of the [...]
Essar Seeks Coal Assets In South Africa
Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of Essar Group said that South Africa is one of the world’s top coal exporters, and India is a growing export destination.
African Rainbow Minerals, Allocate R8 Billion Mining Investment In Zimbabwe
African Rainbow Minerals, a mining company based in the South African, mining investment plan worth R8 billion in Zimbabwe. Mining investment in Zimbabwe is a significant investment option because of the growth of the mining sector in Zimbabwe has a bai prospects. Mining investments done because ARM requires exploration of mines platinum, manganese, iron ore, [...]
Mining Company Earning Reported : Anglo American First-Half Profit Has Fallen 30.6 Per Cent
Global mining giant Anglo American’s first-half profit has fallen 30.6 per cent because of weak commodity prices.
Net earnings dived to $US2.97 billion (about $A3.56 billion) in the six months to June, compared with $US4.28 billion in the same period last year. Revenues sank 37.9 per cent to $US11.13 billion.
Harmony Gold Mining Reports Gold Mine Production Decline in Third Quarter 2009
Harmony Gold Mining revealed today (April 23rd) that it saw gold production decline in the third quarter of the 2009 financial year.
Copper Mining Company, Freeport Mc-Moran’s Reported Quarterly Profit Drop, Copper Mine Prices Slump
Freeport-McMoRan Copper & Gold Inc. on Wednesday reported a huge drop in quarterly profit, although the slumping price of copper was offset by a nearly doubling of gold sales.
Mining Exploration Result Demand Slowdown, Nickel, Zinc, Copper Fall as Slumping Demand Boosts Inventories
Nickel, zinc and copper fell as a global economic slowdown weakened demand for industrial metals used in manufacturing and construction.
