MINING.com reported that South African gold powerhouse AngloGold Ashanti (NYSE:AU) returned to profit for the first quarter of the last four.
Articles Tagged "South Africa"
The Wall Street Journal reported that Gold Fields (NYSE:GFI) is under investigation by US regulators for an improper payment related to the acquisition of a gold mine.
Positive economic news is hurting gold again, but it could get worse for the metal next week, when the US Federal Reserve makes a decision on quantitative easing.
Scott Carter, CEO of Lear Capital, maintains that despite pressures on gold such as a taper of QE, the metal still has strong fundamentals going for it.
Gold strikes starting this week in South Africa could cost the country $35 million a day, Nasdaq reports in a video.
CapitalNews reports that tens of thousands of gold miners are prepared to go on strike on Tuesday, following the collapse of wage talks.
Gold rallied to a three and a half-month high this week, with the US and UK considering military intervention in Syria.
Reuters reports that the union representing South Africa's gold miners has threatened to down tools this week over wages.
What's going on with South Africa's gold mining industry? Gold Investing News lays it all out for you in this easy-to-follow guide to the issues.
Bloomberg reported that wage talks between South African mine worker unions and gold producers has reached an impasse and will now go to arbitration.