DRDGold Ltd, South Africa`s fourth largest goldminer, has announced that a three-day illegal strike over pay has brought Blyvooruitzicht, its largest mine, to a halt with some groups of workers calling for a pay increase of up to 40%.
Company spokesman Ilja Graulich said that the disruption at Blyvooruitzicht, DRDGold`s only remaining South African underground […]
Grizzly Diamonds Ltd. is very pleased to announce that it has completed drilling at the Legend Kimberlite. In total, 13 core holes were drilled at the Legend Kimberlite and approximately 5 tonnes of kimberlite were recovered. Recent drilling by the Company demonstrates that the Legend Kimberlite is a complex multi-phased kimberlite, whereby certain distinct […]
“This implies the risk of a fallback in demand post Lunar New Year that could influence gold prices. This year the holiday starts on Feb 18, and celebrations can last one to two weeks as people take vacations, particularly in China,” Numis said in the research note. Gold prices are hitting levels not seen […]
International diamond producer De Beers is set to join with the South African government to create a regional black-controlled diamond mining company.
The plan involves combining De Beers’ mining operations in the South African region of Namaqualand with the state-run firm Alexkor, the BBC said.
The announcement of the revolutionary firm marks De Beers ongoing efforts to […]
Harvest Gold Corporation is pleased to announce that it has begun its exploration program at the Rosebud Mine Project. The Company has reviewed much of the available data and reports from previous operators of the property, and has hired a geologist with previous experience at Rosebud to compile this information. The compilation and review […]
Officials yesterday inspected a gold mine in Loei’s Wang Saphung district after cyanide contamination was detected in water. The team checked on how efficiently mine operator Thung Kham Co was preventing cyanide-tainted waste from the mine leaking into farmland and waterways.
The inspection was made after the Regional Environmental Office published the results of last year’s […]
Golden Eagle International, Inc. announced that it has begun a deep trenching program to prove continuity of the gold mineralization on the C Zone of its eastern Bolivian mining properties that both exploration and preliminary pilot operations have demonstrated. Contingent upon financing and final feasibility, trenching and processing gold-bearing material to a depth of […]
AngloGold Ashanti wishes to inform the market that a partial slope failure occurred in an intermediate footwall of the Nyankanga pit at Geita Gold Mine on Saturday, 3 February 2007. The pit had been monitored by slope stability radar and was safely evacuated in advance of the failure. No injury to employees or contractors occurred […]
Despite firming trends in Asian markets, gold prices declined on the bullion market today due to sluggish demand from local parties and closed lower by Rs 5 at Rs 9,345 per ten grams.
Silver weekly-based delivery also moved down on fresh selling by speculators.
Activity remained restricted in gold following sluggish demand from local parties at prevailing […]
Colombia Goldfields Ltd., today announced that it has begun drilling in the Zona Alta at Marmato Mountain, Colombia. A contract has been signed with Terramundo Drilling for an initial 8,000 metres as the beginning of a larger 60,000 metre programme leading to a feasibility study as recommended by Micon in the NI 43-101 report published […]