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Metals and Mining Gold Mining

  • TORONTO, June 27- Canada's benchmark stock index fell on Tuesday as technology and gold mining shares retreated, offsetting gains for the energy sector as oil prices climbed. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 34.80 points, or 0.23 percent, at 15,281.22. Seven of the index's 10 main industry groups ended lower.

  • JOHANNESBURG, June 26- South African precious metals producer Sibanye Gold aims to resume production at its strike-hit Cooke Mine later this week, but first plans to conduct safety inspections in the shafts on Monday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and Sibanye has vowed it...

  • SANTIAGO, June 15- Chilean authorities began a fresh drill on Thursday to try to locate two miners who went missing a week ago when the mine in which they were working was flooded. A landslide on Friday at a section of the Delia mine, part of Canadian-listed Mandalay Resources' Cerro Bayo gold and silver complex in Chile's southern Aysen region, sparked the flooding...

  • BUENOS AIRES, June 15 (Reuters)- A judge told a radio station in the Argentine province of San Juan that he had lifted a suspension on leaching operations at Barrick Gold Corp's Veladero mine on Thursday. It also lowered its forecast for total 2017 gold production in the first quarter, largely reflecting the sale of a 50- percent stake in Veladero to Shandong Gold...

  • MOSCOW, June 15- The Moscow Exchange said on Thursday that the pricing of a share offering by Russia's largest gold producer Polyus was expected on June 30. Polyus will offer its shares in Moscow at $66.50- 70.60 per ordinary share, to be paid in roubles, the exchange said. The price range for global depositary share was set at $33.25- $35.30, two financial market...

  • *Barrick, Tanzania teams set up to resolve export ban. Tanzania is Africa's fourth-largest gold producer, and Acacia its largest miner, with three gold mines that also produce copper in the East African country. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the...

  • *Barrick, Tanzania teams set up to resolve export ban. DAR ES SALAAM/ NAIROBI, June 14- Barrick Gold Corp subsidiary Acacia Mining PLC and Tanzania agreed on Wednesday to hold talks aimed at resolving an escalating dispute over an export ban, after a meeting between Barrick's chairman and the country's president. Acacia's valuation has nearly been halved, to some...

  • *Acacia, Tanzania teams set up to resolve export ban. Acacia's market value has nearly halved to about $1.4 billion since Tanzania banned the export of unprocessed ore in March, part of a push for the construction of a local smelter to make the country's gold exports more valuable. "The company is ready to hold talks with the government of Tanzania over the payment...

  • *Peter Hambro stepping down as chairman, staying on the board. LONDON, June 12- Investors in London- listed gold miner Petropavlovsk should reject a plan to overhaul the board at the company's annual general meeting next week, leading shareholder voting advisors said. Three top shareholders, who together own more than 30 percent of Petropavlovsk, have put forward...

  • Westonaria, SOUTH AFRICA June 12- South Africa's Sibanye Gold said on Monday that 202 illegal miners have now been arrested at its Cooke operations southwest of Johannesburg since the start of a violent wildcat strike last Tuesday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and...

  • *Peter Hambro stepping down as chairman, staying on the board. LONDON, June 12- Investors in London- listed gold miner Petropavlovsk should reject a plan to overhaul the board at the company's annual general meeting next week, leading shareholder voting advisor ISS said. Three top shareholders, who together hold more than 30 percent of the company, have put forward...

  • JOHANNESBURG, June 9- Miners have downed tools and 16 workers have been physically assaulted in a wildcat strike at Sibanye Gold's Cooke operation west of Johannesburg, the company said on Friday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and Sibanye has vowed it will clear all illegal...

  • TORONTO, June 8- Canada's main stock index was slightly higher in early trade on Thursday, weighed down by falling gold mining stocks while energy and banking shares gained and Valeant jumped on news of an asset sale.

  • ULAANBAATAR, June 8- A leading candidate for Mongolia's presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign. The landlocked North Asian country of three million people goes to the polls on June 26, just a month after...

  • ULAANBAATAR, June 8- A leading candidate for Mongolia's presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign. The landlocked North Asian country of three million people goes to the polls on June 26, just a month after...

  • TORONTO, June 6- Canada's benchmark stock index rose on Tuesday as a surge in oil and gold prices sent energy and mining companies rallying. The Toronto Stock Exchange's S&P/TSX composite index rose 54.78 points, or 0.36 percent, to finish at 15,464.56. Gold firms dominated the index on the positive side, with Barrick Gold climbing 4.9 percent to C $22.86, and...

  • TORONTO, June 6- Canada's main stock index held steady on Tuesday as investors, wary over political uncertainties from the United States to the Middle East, shied way from riskier assets, and gold mining companies, bolstered by a surge in bullion prices, offset declines. At 10:34 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 1.97 points, or...

  • *Cote Gold Project expected to start output in 2021. TOKYO, June 6- Japan's Sumitomo Metal Mining Co on Tuesday said it had agreed to take a 27.75- percent interest in a Canadian gold mining project from Toronto- based IAMGOLD Corp for $195 million. The purchase of the stake in the Cote Gold Project in Ontario comes as Japan's biggest gold miner looks to boost its...

  • June 5- Asanko Gold Inc said it could bolster its liquidity position to over $100 million by the second quarter of 2018, days after short seller Muddy Waters said the Canadian gold miner would run out of cash by next year. The company's shares tumbled last week when Muddy Waters released a 43- page document saying production at Asanko's Nkran mine in Ghana and...

  • *Silver marks highest since April 26. LONDON, June 5- Gold prices hit a six-week high on Monday, buoyed by disappointing U.S. jobs data that dimmed the prospects for an aggressive run of interest rate increases in the world's biggest economy. "Gold has got a bit of a lift from payroll numbers from Friday which has carried through to today but there is also support from...