Sunday, August 14, 2016

SA gold CEOs build cash barricades as strikes loom

August 30, 2013 by · Leave a Comment 

South Africa’s four biggest gold producers are hoarding cash as they prepare for what would be the first industry-wide strike since 2011.

Read more….

SA’s PGM beneficiation ambitions will stand or fall on knowledge linkages

August 30, 2013 by · Leave a Comment 

South Africa should urgently invest in the development of the human resources and knowledge linkages required to maximise the economic and social benefits associated with its large-scale platinum group metals (PGMs) endowments or risk losing out on the value-addition opportunities, newly released research shows. South Africa is estimated to hold more than 75% of the world’s known PGM reserves and even during the strike-afflicted 2012 year produced 4.1-million ounces of platinum, which dwarfed the 800 000 oz produced in Russia, the world’s second largest producer.

Read more….

PROXA-Integrated Water and Effluent Solutions for the Mining and Resources Industry

August 30, 2013 by · Leave a Comment 

PROXA provides integrated water treatment solutions to the mining sector, with a focus on minimising environmental impact and optimising costs.

Read more….

Exploratory fracking needed to determine commercial prospects of shale gas

August 30, 2013 by · Leave a Comment 

Government’s inter-Ministerial hydraulic fracturing (fracking) monitoring committee is still working on fine-tuning regulations for a draft report on the governing of fracking in the Karoo basin, which potentially holds 390-trillion cubic feet (tcf) of technically recoverable shale gas resources, according to the latest US Energy Information Administration (EIA) study.

Read more….

Australia’s Norton Gold hedges prices on 30% of expected annual output

August 30, 2013 by · Leave a Comment 

Australia’s Norton Gold Fields Ltd is hedging the price risk on nearly a third of its projected 2013 gold output, becoming one of few producers to adopt such a strategy amid this year’s tumble in bullion prices.

Norton, controlled by China’s biggest gold producer Zijin Mining Group, said it has entered into a hedging program with Macquarie Bank comprising 50 000 oz of gold for delivery over the next 12 months at a flat forward price of A$1 601.40 ($1 400) per ounce – lower than current spot prices.

Read more….

Striking SA car workers reject wage deal, gold strike looms

August 29, 2013 by · Leave a Comment 

Striking South African car workers rejected a double-digit wage increase offer on Thursday and said they would intensify a strike that has crippled production of a major export. Gold mining firms said they were also preparing for a bruising strike that could come as early as Sunday and would slow bullion output, one of South Africa’s largest foreign currency earners.

Read more….

Seven banks to oversee Coal India’s 5% stake sale

August 29, 2013 by · Leave a Comment 

The Indian Government has appointed seven banks to oversee Coal India’s 5% stake sale process, which is expected to raise $1.2bn, amid protests from unions.

Read more….

Deals this week: Teranga Gold, Robust Resources, Mexus Gold US and more

August 29, 2013 by · Leave a Comment 

Teranga Gold, a West-African gold producer, has entered into a deal to acquire the remaining common shares of Oromin Exploration.

Read more….

2013-P Fort McHenry 5 Ounce Silver Uncirculated Coin Released

August 29, 2013 by · Leave a Comment 

Available now is the 2013-P Fort McHenry 5 Ounce Silver Uncirculated Coin, released by the United States Mint with a mintage maximum set at 25,000. Shown on its reverse is a design emblematic of Fort McHenry National Monument and Historic Shrine located in the state of Maryland. The coin went on sale at Noon (Eastern) [...]

Related posts:

  1. 2013 Fort McHenry ATB 5 Ounce Silver Bullion Coin Sales Begin
  2. 2013-P Great Basin 5 Ounce Silver Uncirculated Coin Released
  3. 2013 America the Beautiful 5 Ounce Silver Coin Designs

Mike Kosares: Currency and debt collapses are bigger threats than Syria

August 29, 2013 by · Leave a Comment 

GATA

2:34p ET Thursday, August 29, 2013

Dear Friend of GATA and Gold:

Currency and debt collapses are probably bigger threats to the world economy than anything involving Syria, Centennial Precious Metals’ Mike Kosares writes today at Centennial’s Internet site, USAGold. Kosares’ commentary is headlined “A New Contagion Is Brewing — Gold Could See Mega-Highs, According to Two Super-Bank Economists”:

http://www.usagold.com/cpmforum/2013/08/29/new-contagion-brewing-gold-co…

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Actin Committee Inc.

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA’s full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16

« Previous Page — Next Page »