Gold prices have been on a bumpy ride this week, reacting to rising fears of deflation and prolonged economic slowdown concerns.
Articles Tagged "strike"
AngloGold Ashanti (NYSE:AU) announced that its South African mines remain inactive due to an unprotected strike, but commented that it is open to considering negotiations.
Platinum miners have been most affected by disgruntled laborers, but the turmoil is spreading into the gold space.
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 [...]