AngloGold faces South African dilemma

2019-01-20 17:43

Two decades ago, Anglo American created the world’s No. 1 gold miner by merging its South African assets. Having long since been eclipsed by its rivals, AngloGold Ashanti may need to leave home to keep up.

Gold production again falls in November as slump continues

2019-01-15 13:49

Gold's 14% production decrease contributed to a 5.6% year-on-year decrease in South African mining production overall, signalling that the struggling sector has not recovered from its long-running slump.

Barrick's new CEO says gold industry shake-up is just starting

2019-01-03 11:00

Barrick Gold's new chief executive officer has a message for the gold industry: This is just the start of a big shake-up.

As global equities take a hit, gold miners are doing fine

2018-12-18 22:02

Global equity markets are getting beaten up, but gold miners have been spared as haven demand swells and bullion’s outlook brightens.

Venezuela is going to fetch its R8 billion of gold at the Bank of England

2018-12-07 13:56

Venezuela's finance minister and central bank governor are set to meet a Bank of England official. The BoE is seeking "clarity" before returning it.

Gold now has a challenger for the mantle of most-precious metal

2018-12-01 06:45

The scramble for palladium supply has taken the precious metal within striking distance to its costliest cousin - gold.

Workers have lost R56m in wages as Gold Fields strike nears four weeks

2018-11-23 13:03

Gold Fields' South Deep mine has lost R178m in revenue since the strike by the National Union of Mineworkers started nearly four weeks ago, and workers have missed out on more than R56m in wages.

Gold Fields smuggles in workers by night to bypass strikers

2018-11-16 14:36

Gold Fields is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike.

Sibanye-Stillwater signs 3-year wage deal with unions

2018-11-15 10:11

Sibanye-Stillwater has concluded a three-year wage deal with the National Union of Mineworkers, Solidarity and UASA.

 

Ethical gold trading app aims to 'cover all angles'

2019-01-18 16:55

The founder and CEO of ethical gold trading platform for mobile phones, Goldex, tells Fin24 how it came about and what gap she sees it filling in the market.

Gold bursts above $1 300 as slowdown tremors spur new year rally

2019-01-04 09:02

Investors flocked to the metal with global equities in retreat, signs of a slowdown stacking up, and the oldest of havens showing its mettle as exchange-traded funds draw in increased flows.

Gold barrels into 2019 as growth concerns spur demand for haven

2018-12-31 09:20

Gold is closing out 2018 on a strong note, with haven demand in the ascendant amid volatile trading in global equities.

Gold powers to six-month high as turmoil spurs demand for haven

2018-12-26 08:40

Gold is rallying into the end of 2018 as turmoil in global equities, the partial US government shutdown and concerns about the outlook for next year stoke demand, lifting prices to the highest in six months.

SA gold industry enters final phase of slow death

2018-12-09 13:43

The nation’s 130-year-old gold industry - which has produced half the bullion ever mined on Earth - is locked in the final stages of a decades-long death spiral.

Zim gold production in surprise slump

2018-12-05 20:03

Zimbabwe's impressive gold production trajectory has vanished into thin air if the latest official figures from the country's sole buyer Fidelity Printers are anything to go by.

Asia stocks rise; dollar steady

2018-11-28 07:59

Asian stocks climbed, as a rally in tech shares gathered pace, with investors mulling comments from Federal Reserve officials and the chances of a breakthrough in the US-China trade dispute. The dollar maintained gains.

Looming strike adds to Sibanye-Stillwater’s woes

2018-11-19 15:19

Sibanye-Stillwater is bracing for a strike in its gold operations that will affect 43% of the workforce in its bargaining unit.

Stocks mixed as trade stress simmers; pound steady

2018-11-16 13:30

Stocks in Europe edged higher and US futures fell after a mixed session in Asia as investors gauged whether China and America can de-escalate their trade dispute before the G-20 summit later this month.

Venezuela really wants its R8 billion worth of gold back from the Bank of England

2018-11-06 19:21

The deepening economic crisis in Venezuela means the government really wants to repatriate its gold reserves.

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