Search Results for "Africa"

Standard Bank to Launch 3 ETFs on the JSE

Mining Weekly reported yesterday that Standard Bank plans to launch three new exchange-traded funds (ETFs) — the AfricaGold ETF, AfricaPlatinum ETF and AfricaPalladium ETF — on the JSE.

Epangelo Mining Seeks Stake in Navachab Gold Mine

Bloomberg reported yesterday that Epangelo Mining Co., Namibia’s state-owned mining company, is speaking with privately owned QKR Corp. about purchasing a stake in the Navachab gold mine. QKR agreed to buy Navachab from AngloGold Ashanti Ltd. (NYSE:AU) just this month.

Newmont to Cut 600 Jobs at Ghana Gold Mine

Reuters reported that Newmont Mining Corp. (NYSE:NEM) intends to cut as many as 600 jobs at its Ghana-based gold mine by this June. Its reasons for doing so include an “ageing facility and slumping gold prices.”