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Metals and Mining Gold Mining

  • *Thousands of "zama zamas" mine gold illegally in South Africa. WESTONARIA, South Africa, April 21- Illegal gold mining has plagued South Africa's mining companies for decades, robbing the industry and state coffers of billions of rand through smalltime pilfering as well as networks run by organised crime. "We will have them out then," Sibanye's Chief Executive Neal...

  • LONDON, April 20- Tanzanian gold producer Acacia Mining will have to review its mining operations if the government's ban on gold and copper ore exports remains in place, a senior executive said on Thursday. Shares in Acacia, which is majority owned by Barrick Gold, briefly touched a six-week low, paring losses by 0900 GMT to trade down 3.7 percent after it said...

  • Stack of Gold Bars, high, raise, rise

    A big gold ETF is being forced to change the way it invests — and may have to sell as much as $2.6 billion of its current holdings.

  • MOSCOW, April 13- Russia, the world's third biggest gold producer, plans to launch a number of new production sites as it aims to grow in gold output. Below are some gold projects, expected to be started in Russia in coming years. Polyus Natalka H2 2017 c.14.

  • *Russia is the world's third biggest gold producer. UST-NERA, Yakutia, Russia, April 13- In winter it gets so cold that metal snaps. As alluvial deposits disappear in other areas, producers are opening mines to help Russia keep its place as the world's third biggest gold producer after China and Australia and ahead of the United States in fourth place.

  • MOSCOW, April 12- China's Fosun International Ltd plans to sign an agreement to buy a stake in Russia's largest gold producer Polyus, Interfax news agency quoted Russian First Deputy Prime Minister Igor Shuvalov as saying on Wednesday. Shuvalov also said that aluminium giant Rusal could soon announce the placement of the second tranche of its Chinese...

  • Panmure Gordon: Quite a bit more upside to go for gold

    Kieron Hodgson, commodity and mining analyst at Panmure Gordon, talks about how much further room gold has to run, especially with currency fluctuations and geopolitical tensions.

  • TORONTO, April 10- Canada's main stock index fell on Monday as financial and gold mining shares lost ground, offsetting gains for the energy group as oil prices rose. The Toronto Stock Exchange's S&P/TSX composite index was down 8.23 points, or 0.05 percent, at 15,658.90, shortly after the open. Five of the index's 10 main groups were lower.

  • BUENOS AIRES/ TORONTO, April 7- Argentina mining officials told Barrick Gold Corp it must overhaul environmental and operating processes at its Veladero mine, following last week's cyanide solution spill, while the country's environment ministry asked for a total suspension of operations, according to statements on Friday. "We have told the company to change...

  • BUENOS AIRES/ TORONTO, April 7- Argentina mining officials told Barrick Gold it must overhaul environmental and operating processes at its Veladero mine, following last week's cyanide solution spill, while the country's environment ministry asked for a total suspension of operations, according to statements on Friday. The meeting, including Barrick...

  • TORONTO, April 7- Canada's main stock index fell on Friday as the financials group lost ground, while gold mining shares climbed after escalating geopolitical tensions boosted gold prices. Financial shares fell 0.5 percent as Canada's 10- year yield hit a four-month low at 1.505 percent. Bank of Montreal, Canada's fourth-biggest lender, said its Chief...

  • TORONTO, April 7- Canada's main stock index seesawed on Friday as the financials group lost ground, while gold mining shares climbed after escalating geopolitical tensions boosted gold prices. The Toronto Stock Exchange's S&P/TSX composite index was up 5.05 points, or 0.03 percent, at 15,702.23, shortly after the open. Six of the index's 10 main groups were...

  • TORONTO, April 6- Barrick Gold Corp's near billion-dollar deal with Shandong Gold Mining Co Ltd represents a rich premium for the Canadian miner, while making good on a long-promised plan to forge deep, long-lasting partnerships with China. The price tag, about 15 percent to 30 percent above some analysts' net asset valuations, is a feather in Chairman John...

  • TORONTO/ VANCOUVER, April 5- China's Shandong Gold Mining Co Ltd is in advanced talks to buy a 50 percent stake in Barrick Gold Corp's Veladero gold mine in Argentina, people familiar with the process told Reuters even as the Canadian miner grappled with a pipe rupture at the site. Barrick is no longer in discussions with China's Zijin Mining Group Co Ltd about the...

  • TORONTO, April 5- Canada's main stock index rose on Wednesday to a nearly six-week high, although some gains were pared as oil prices fluctuated after the release of U.S. inventory data, while lower gold prices weighed on some mining shares. At 11:22 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index rose 14.24 points, or 0.09 percent, to 15,683.31.

  • TORONTO, April 5- Canada's main stock index rose on Wednesday to a fresh nearly six-week high led by the heavyweight financial and energy groups as oil prices rose, while lower gold prices weighed on mining shares. The Toronto Stock Exchange's S&P/TSX composite index was up 74.73 points, or 0.48 percent, at 15,743.80, shortly after the open. Eight of the index's 10...

  • *Spot gold may test resistance at $1,261.03- technicals. April 5- Gold prices held steady on Wednesday near one-month highs hit the session before, with appetite for riskier assets easing ahead of a meeting between leaders of the United States and China. Spot gold had edged up 0.1 percent to $1,256.38 per ounce by 0744 GMT.

  • *Spot gold may test resistance at $1,261.03- technicals. April 5- Gold prices held firm on Wednesday near a one-month high hit in the prior session, as appetite for riskier assets eased ahead of a meeting between leaders of the United States and China. "This reflects the market's uncertainty about the trend of the gold price in the near term," said Jiang Shu, chief...

  • TORONTO, April 4- Canada's main stock index advanced on Tuesday to a nearly six-week high as gains in gold and oil prices helped boost the shares of mining and energy companies. The Toronto Stock Exchange's S&P/TSX composite index closed up 84.67 points, or 0.54 percent, at 15,669.07, its highest close since Feb. 23. Gains for the index came even as investors on Wall...

  • TORONTO, April 4- Canada's main stock index advanced on Tuesday to a nearly six-week high as gains in gold and oil prices helped boost the shares of mining and energy companies. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 84.67 points, or 0.54 percent, at 15,669.07. Seven of the index's 10 main groups ended higher.