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Metals and Mining Gold Mining

  • DAR ES SALAAM, July 21- Tanzania's President John Magufuli has threatened to shut all gold mines in the country if mining companies delay talks to resolve a dispute over billions of dollars in back taxes the government says they owe. Magufuli has sent shock-waves through the mining community in Africa's fourth-largest gold producer since his election late in...

  • TORONTO, July 21- Canada's main stock index fell on Friday as weakness in oil prices weighed on energy-sector shares, offsetting a gain in gold miners. Oil prices dropped on Friday after a report from consultancy Petro-Logistics predicted higher OPEC production for July, renewing fears of oversupply in the market. Canadian Natural Resources Ltd shed 2.4...

  • DAR ES SALAAM, July 21- Tanzania's President John Magufuli has threatened to close down all gold mines in the country if mining companies delay talks with his government aimed at resolving allegations of tax evasion. Magufuli has sent shock-waves through the mining community in Africa's fourth-largest gold producer since his election late in 2015 with a...

  • SINGAPORE, July 19- China Minmetals Corp and China National Gold Group are unaware of any merger talks between the two companies, their listed units said on Wednesday, after a Reuters report on a possible deal caused a rally in their shares. "After checking with the company's owner China Minmetals Group, the group said it was not aware of a merger deal and had not been...

  • BAKU, July 18- Azerbaijan's top gold producer Anglo Asian Mining said on Tuesday its first-half output fell 31.4 percent year-on-year to 23,218 ounces, but it was keeping its 2017 production target unchanged at 64,000 to 72,000 ounces. The London- listed firm said copper production at Azerbaijan's Gedabek main mine and the Gosha mine rose to 1,322 tonnes in the...

  • *Gold faces resistance at $1,247, 100- day moving average. LONDON, July 18- Gold prices hit a two-week high on Tuesday as the dollar fell on fading prospects of an imminent increase in U.S. interest rates and expectations of stronger demand from the physical market. "We see gold averaging around $1,300 over the third quarter," said ING commodities strategist Warren...

  • BENGALURU, July 18- Gold prices held steady on Tuesday near two-week highs hit in the previous session, as the dollar hovered near multi-month lows on fading prospects for further U.S. rate hikes this year. *Spot gold was up 0.1 percent at $1,234.48 per ounce at 0033 GMT, after hitting its highest since July 3 at $1,235.94 in the previous session.

  • BOSTON, July 12- A post-doctoral associate at Massachusetts Institute of Technology was arrested on Wednesday on charges he engaged in insider trading ahead of news that Sibanye Gold Ltd planned to acquire Stillwater Mining for $2.2 billion, prosecutors said. Fei Yan, 31, was arrested by the Federal Bureau of Investigation in Massachusetts after federal...

  • TORONTO, July 11- Canada's main stock index fell on Tuesday as lower commodity prices weighed on energy and gold mining stocks, while the heavyweight financials group also lost ground. The Toronto Stock Exchange's S&P/TSX composite index was down 69.42 points, or 0.46 percent, at 15,035.86, shortly after the open. Nine of the index's 10 main groups were lower.

  • ACCRA, July 4- At least 14 people were missing and feared dead after an illegal gold mine in western Ghana in which they were working collapsed, police said on Tuesday. Africa's second largest gold producer after South Africa, Ghana has struggled to rein in illegal mining, which pollutes water sources and threatens cocoa production as the miners take over cocoa...

  • June 30- The Russian Direct Investment Fund said in a statement on Friday:. *A consortium of international investors formed by RDIF with leading Middle-Eastern Sovereign Wealth Funds has participated in the SPO of Russia's largest gold mining company Polyus;. *Investors from countries including the UAE, Qatar, Kuwait and Bahrain took part in the consortium;.

  • MOSCOW, June 30- Russia's largest gold producer Polyus and its shareholder have sold shares worth $880 million in the company's second public offering, including a greenshoe option, a source close to the deal told Reuters on Friday.

  • MOSCOW, June 30- British investors bought about half of a share offering by Russia's largest gold producer Polyus, VTB Capital, a bookrunner of the deal, said in an emailed statement on Friday.

  • MOSCOW, June 30- Polyus, Russia's largest gold producer, said on Friday it was pricing its share placement in Moscow and London at $66.50 per share. The company did not provide further details in its Russian regulatory disclosure. Its price range was previously set at $33.25- $35.30 per global depositary share in London, corresponding to a price of $66.50- $70.60...

  • TORONTO, June 29- Canada's main stock index fell in morning trade on Thursday in a broad retreat led by slips among heavyweight energy, gold mining and industrial stocks and a pullback in shares of convenience store operator Alimentation Couche Tard Inc.. Bombardier Inc fell 1.6 percent to C $2.41 after the company confirmed its transportation unit plans to...

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • June 28- Financial market source says:. *Books for secondary share offering by Russia's gold producer Polyus are "comfortably oversubscribed with high quality orders";. *Bids come at the lower end of price guidance; lower end set at $33.25 per GDR and $66.5 per share.

  • JOHANNESBURG, June 28- AngloGold Ashanti is considering laying off 8,500 workers, some 30 percent of its workforce, Africa's biggest gold miner said on Wednesday, as it looks to restructure its South African mines. "It is critical that we act to protect the long-term sustainability of this business and the majority of our workforce," Chief Executive Officer...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is considering retrenching 8,500 mine workers as part of its restructuring of its South African business "to ensure their viability", sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in...

  • JOHANNESBURG, June 28- Africa's biggest gold miner AngloGold Ashanti is retrenching 8,500 mine workers as part of its restructuring its South African business "to ensure their viability," sending its shares lower. The company which employs 28,000 people, said the retrenchment is part of restructuring of the companys production and cost base in its South...