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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 Fields Net Profit Increased To Reach $ 186 Million
Gold Fields is the largest metal producer in Africa. The company reported net profit of the company gained increasing to 1:41 billion rand ($ 186 million) in the second quarter. Increase in profits for the three months to reach 40 percent in the price of gold higher.
Kinross Gold Reported Third Quarter Earnings And Gold Production Falls
Kinross Gold, mining companies-Driven in Toronto, reported profits obtained from exploration and production of gold fell. Lowering profits for financing the expansion of higher gold mine. Expansion gold mines done because of the increase in gold prices.
Anglogold And Randgold Joint Venture To Acquire 20 Percent More Shares Of Gold Mining Project In Congo
Two of the largest gold mining company Anglogold Ashanti and Randgold Resources a joint venture to acquire 20 percent more shares Moto gold mining projects from Okimo. The funds will be issued by both companies to get the Moto gold mining stocks approximately $ 113.6 million.
Wesdome Gold Mines Increases Gold Production In 2009
Wesdome Gold Mine plans to improve the performance of gold production in 2009. The company hopes to achieve gold production of 90,000 ounces of gold. In August, Wesdome has produced 80,000 ounces of gold reached the gold.
Rio Tinto Group Estimates Iron Ore Production Rose 7.5 Percent
Largest mining company Rio Tinto would predict an increase in iron ore demand from steel makers. Therefore, Rio Tinto will increase iron ore production of 7.5 percent. Rio Tinto iron ore will produce up to 210 million to 215 million metric tons in the second and third quarters. Production of iron ore was sourced from [...]
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Mining Company Earning Reported, Newmont Mining 2Q Profit Slides 40 percent
Newmont Mining Corp. said Thursday its second-quarter profit sank 40 percent as copper prices fell 39 percent, its tax bill jumped significantly and it purchased a stake in an Australian gold mine.
The results missed Wall Street expectations, and shares of the leading gold producer wavered in early trading.
Increase Wage Negotiations Gold Miner In South Africa Not Found An Agreement
Workers gold mining company in South Africa increased wage demands of labor gold mine. Gold mine workers demand wage increase of 15 percent. But companies can not meet the increasing demand for wage employment 15 percent, the mining company to offer increased wage employment 6.5 – 8.5 percent, AngloGold Ashanti, Gold Fields and uranium Rand [...]
