India Gold Trade Lacklustre on Bank Strike
India domestic gold trading remained thin as most of the banks, the primary sellers of gold, were shut due to a strike, dealers said. For full story, click here
India domestic gold trading remained thin as most of the banks, the primary sellers of gold, were shut due to a strike, dealers said. For full story, click here
Unionized employees at Compania Minera Mantos de Oro in Chile, a subsidiary of Kinross Gold Corporation, have voted in favour of a new collective agreement, ending a strike at the La Coipa mine that began on July 8, 2008. For full story, click here
South African unions representing gold miners met employers for final wage talks on Tuesday, saying a strike was “highly likely” if they fail to reach a deal and piling pressure on President Jacob Zuma. For full story, click here
South African mineworkers’ unions and gold producers met on Wednesday with a mediating authority in a bid to prevent a strike over union demands for a wage surge, which gold companies say they cannot afford. For full story, click here
On June 2, Boroo Gold Company workers, who had already walked of the job to protest recent lay-offs, have commenced a hunger strike to raise pressure on the company to meet their demands. In response, the company has initiated a lawsuit against the workers for what it believes is an illegal strike. For full story, [...]
Gammon Gold Inc. declared a strike at El Cubo Mine despite this action its stock gained 4.78% at New York Stock Exchange on Tuesday. For full story, click here
By Kishori Krishnan Exclusive To Gold Investing News Gold which lost nearly 4 per cent in last two trading sessions, seems to be moving towards a key support level of $875 an ounce which is the 100 DMA (Day Moving Average). Gold price closed at $893 on Friday, losing nearly $35 since Wednesday after the [...]
CASH-STRAPPED Pamodzi Gold’s troubles increased on Tuesday as a strike by more than 4,000 workers entered its second day to protest against the late payment of wages. For full story, click here
Robust is pleased to report that assays from the first two diamond drill holes in its Romang Island, Indonesia, exploration program have confirmed the presence of large scale gold and silver mineralisation as first indicated in drilling by Billiton between 1997 and 1999. For full story, click here
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