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Sunday, September 22, 2019

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Tag: gold

SA’s gold mines in crisis as profitable producers shrink to 20%

The state of SA’s gold mining industry is worse than first thought, with fewer than 20% of gold mines making money at prevailing prices — while large job cuts are forecast...

South Africa’s Sibanye confirms over 2,000 layoffs at gold mines

South African precious metals producer Sibanye-Stillwater confirmed on Wednesday that it had laid off more than 2,000 gold miners as it shuts its loss-making Cooke shafts where illegal mining syndicates have...

AngloGold Ashanti debt too high for split of assets: CEO

AngloGold Ashanti’s chief executive has not ruled out the possibility of separating the gold miner’s South African assets from the rest of the portfolio but said its debt remained too high. ...

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Member survey says 82% of staff traumatised from crime in Cape...

THE general prevalence of crime in Cape Town is having a traumatic effect on 82% of staff employed by members of the Cape Chamber...

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