A group of investors including the hedge fund founded by billionaire John Paulson said “significantly mismanaged” gold companies could unlock $13 billion in value through mergers and cost cuts. The Shareholders’ Gold Council of 18 investors including E…
Gold investors see M&A, cost cuts unlocking $13bn Read More »
As wage negotiations with some South African platinum producers reach deadlock, one labour union welcomed a new rule for any strike to require backing from workers in a secret ballot.
During the 2014 platinum strike, led by the Association of Minework…
UASA says ballot rule to curb ‘wild strikes’ Read More »
South African mining output increased for the first time in nine months in July as coal and iron-ore production surged. Mining production rose 2.4% from a year earlier compared with a revised 4.1% decline in June, Pretoria-based Statistics South Africa…
South African mining output rises for first time in nine months Read More »
Zimbabwe’s State-owned Minerals Marketing Corporation opened a 316 000 ct diamond auction, which will close at the end of the week, an official said. “This is the third auction we have conducted this year as there were some administrative issues which …
Zimbabwe holds diamond auction for 316 000 ct Read More »
Deep under gum-tree lined paddocks in southern Australia that delivered a bullion bonanza in the 19th Century, the unexpected promise of a second gold rush is luring a new generation of prospectors from billionaires to global miners and weekend panhand…
A forgotten gold-rush hub is producing more than it has in a century Read More »
Gold prices may rally to a record above $2 000/oz in the next two years, according to Citigroup, which gave a laundry list of positive drivers including rising risks of a global recession and the likelihood that the Federal Reserve will reduce US inter…
Citigroup says gold may top record Read More »
Citigroup’s prediction that gold could rally above $2 000/oz in two years would be negative for another precious and shiny commodity: diamonds, according to Barry Ehrlich, an analyst at the bank. Citi’s bullish scenario for gold is based on drivers inc…
Gold rally to $2 000 would be bad news for diamonds, Citi says Read More »
Concerns about global trade have reached nearly ten times the peaks seen in previous decades and could shave about 0.75 percentage point off world economic growth this year, according to data compiled by the International Monetary Fund. The Americas an…
Surging trade uncertainties about ten times previous peaks – IMF Read More »
Fixing loss-making power utility Eskom Holdings is complex and it will take time for the government and the company to agree to a plan, according to Moody’s Investors Service. The energy firm, which supplies about 95% of the country’s power, has R450-b…
Moody’s says fixing Eskom is complex, will take time Read More »
Gold’s rally has grabbed a lot of investor attention, but other precious metals are making a strong bid to take the spotlight. Gold rose 19% this year through mid-August, the most among the main precious metals, on prospects for lower interest rates an…
Gold rally gets upstaged as precious metals rise in slipstream Read More »
