Gold Street Is Where South Africa’s Mining History Goes to Die
The death rattle of the industry that once symbolized South Africa can be heard in the town of Carletonville—on Gold Street. That’s where Paseka Selemela has been guarding cars since 2010, when the scaffolding business he worked for closed. Prior to that, he was an assistant at a now-shuttered mine owned by AngloGold Ashanti Ltd. […]
Mali Expects Industrial Gold Mining To Beat 2017 Forecasts
Industrial gold production in Mali, Africa’s third biggest producer, is on track to exceed earlier forecasts for this year, a government official said on Friday. Mali’s industrial miners produced 46.9 tonnes of gold last year, but the government said in May that production in 2017 would slip to about 45 tonnes as the country waited […]
Barrick Gold To Give Tanzania Mines Stake And $300 Mln To End Dispute
Barrick Gold will give Tanzania a 16 percent stake in three gold mines, a 50 percent share of revenues from those mines and a one-off payment of $300 million to resolve a dispute that has hit its operations in the country, the two sides said. The Canadian miner and the Tanzanian government have been in […]
Tanzanian Government Accuses Acacia of Mining Gold Illegally
Tanzania’s government accused Acacia Mining Plc of operating illegally in the East African country and said mining companies have been evading taxes. Acacia’s shares slumped. “The committee has established that Acacia Mining Plc has been conducting its mining business here in Tanzania contrary to the law,” Nehemiah Osoro, chairman of a committee ordered by President […]
Illegal Mines And Local Mafia Take Shine Off Latin American Gold
Oscar was 16 when his cousin “sold” him to the owner of an illegal gold mine deep in Peru’s Amazonian jungle. Life in Madre de Dios – a huge encampment scarred by deforestation and mercury-filled pools – was dirty, desperate and dangerous: food and water were scarce; malaria and yellow fever were rampant; and trafficked […]
Surge In Gold Prices Brings No Change In Fortune For Madagascar’s Miners
A drumming sound reverberates across the bridge and over the valley: the gold panners are hard at work. Dotted along the edges of a river bed are hundreds of people, rhythmically banging wooden poles into the red earth. They are gold miners “sampling” the dry soil for the precious metal. Crouched alongside them are other […]
Investors Are Flocking To Gold And Other Safe Havens After Brexit Vote
As global markets plummeted on Friday after the United Kingdom voted to leave the European Union, investors sought shelter where they could find it. There was a stampede into so-called safe haven assets, including gold, government bonds and certain currencies. The “Brexit” decision stunned investors around the world, and led to a flurry of overnight trades […]
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