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Gold Prices Steady Near Two-Week Highs
Gold prices steadied near two-week highs on Wednesday after rallying on a rise in the euro the day before, with investors continuing to take their cue from the single currency for direction.
In the near-term, if investors keep cutting short positions on the view they had sold the single currency too much on worries about Greece, [...]
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 Producer Riozim Plans Increase Gold Production From 60 Kg To 80 Kg Per Month
Zimbabwean mining company RioZim plans to ramp up gold production to 80 kg a month from the current 60 kg at its Renco mine by the end of the year, the company’s managing director said on Tuesday.
RioZim, previously owned by Rio Tinto , operates Renco gold mine in southern Zimbabwe and is a 22 percent [...]
Review And Analysis : Gold Mining Industry Development and Mining Companies Growth In China
Over the last few weeks we’ve been paying more attention to China as it emerges from the East. There are three reasons why China poses such an interesting potential return of value for traders.
A very interesting read is an interview with Jim Rogers about his thoughts on China.
“While he says that China is the only [...]
ENRC To Bid $ 950 For The Purchase Of Junior Mining CAMEC
Kazakh mining group company, ENRC plans expansion in the mining sector, African countries that have potential for mineral resources in exploration. CAMEC is a junior mining attention from ENRC to buy. To purchase the junior mining CAMEC provide funds $ 950. But the desire to buy the mine ENRC junior CAMEC will get resistance from [...]
Eldorado Gold Due Diligence Deal To Buy Australian’s Sino Gold Mining
Eldorado Gold Corp. said Monday the due diligence conditions in a $2-billion deal to buy the rest of Australia’s Sino Gold Mining Ltd. have been satisfied.
The two companies said Sino Gold shareholders will vote on the deal by late November and it is expected to close in early December.
Anglogold Ashanti Signed A Joint-Venture Agreement Gold Mining Exploration Project In Nunavut
South African gold major AngloGold Ashanti has signed a farm-in and joint-venture agreement with Vancouver-based Commander Resources, on the Canadian firm’s Baffin Island gold project, in Nunavut territory.
South Africa Gold Mining Company, Simmer To Buy Orkney Gold Mine
Simmer & Jack Mines Ltd., a South African gold producer, will make a decision on whether to buy Pamodzi Gold Ltd.’s Orkney mine, which is in provisional liquidation, within the next two weeks.
Gold Mining Companies Equity Preview, Mining Operation Project in South Africa
The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are from the last close.
