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  • *Union talking to platinum firm Lonmin over job cuts. JOHANNESBURG, May 13- South Africa's Association of Mineworkers and Construction Union wants the basic pay for entry level workers in the gold mining industry to be more than doubled, setting the stage for tough pay talks at a time when companies are complaining of dwindling profits. However, Africa's top...

  • *Union talking to platinum firm Lonmin over job cuts. JOHANNESBURG, May 13- South Africa's Association of Mineworkers and Construction Union wants the basic pay for entry level workers in the gold mining sector to be more than doubled, setting the stage for tough pay talks in an industry battling dwindling profits. With dwindling profits and increasing costs,...

  • St Andrew Goldfields posts 1Q profit Tuesday, 12 May 2015 | 7:31 PM ET

    Toronto _ St Andrew Goldfields Ltd. on Tuesday reported profit of $2.4 million in its first quarter. On a per-share basis, the Toronto- based company said it had profit of 1 cent. Keywords: St Andrew Goldfields, Earnings Report.

  • SPECIAL REPORT-Why gold threatens Ivory Coast's peace Thursday, 7 May 2015 | 5:22 AM ET

    GAMINA, Ivory Coast, May 7- Nestled among the cocoa plantations of western Ivory Coast is a gold mine that does not feature on any official maps. The unlicensed mine is a key part of a lucrative business empire headed by the deputy commander of the West African nation's elite Republican Guard, United Nations investigators allege. A senior Ivorian army officer said...

  • LONDON, May 6- Gold edged down on Wednesday, as the impact of stronger European shares and higher U.S. real yields counteracted the effects of a weaker dollar and prospects that the Federal Reserve will not raise interest rates at its meeting in June. Spot gold was down 0.2 percent at $1,190.53 an ounce by 1011 GMT, while U.S. gold futures for June delivery lost $3.20...

  • LONDON, April 30- Gold steadied on Thursday, as the dollar dropped after the Federal Reserve confirmed a recent slowdown in the U.S. economy could hold off any interest rate hike for the time being. Gold, however, failed to entirely capitalise on the weaker dollar, which fell 0.4 percent versus a basket of leading currencies, on prospects the U.S. economy will...

  • Barrick Gold takes backseat at Australia's Super Pit Wednesday, 29 Apr 2015 | 3:15 AM ET

    SYDNEY, April 29- Canada's Barrick Gold will relinquish some management duties at Australia's Super Pit gold mine to partner Newmont Mining, in a further pull-back from operations in the Southern Hemisphere. Barrick and Denver- based Newmont have long been 50-50 partners in the Kalgoorlie Consolidated Gold Mines, which operates the Super Pit, at one stage...

  • TORONTO, April 28- Barrick Gold Corp shareholders have voted to reject the gold miner's controversial executive compensation plan, Barrick Executive Chairman John Thornton said on Tuesday. So I want you to know that we have heard you loud and clear, "Thornton said at Barrick's annual meeting in Toronto. Although so-called say-on-pay votes are not mandatory in...

  • April 27- Barrick Gold Corp reported weaker-than-expected first-quarter earnings on Monday on the back of a lower gold price and sales and announced that it has started a process to sell a stake in its Zaldivar copper mine in Chile. The Toronto- based producer also announced what it said was a "significant" new gold discovery, known as Alturas, in Chile.

  • April 27- Barrick Gold Corp reported lower first-quarter earnings on Monday on the back of lower gold prices and sales and announced that it has started a process to sell a stake in the Zaldivar copper mine in Chile.

  • Why gold is suffering   Friday, 24 Apr 2015 | 4:00 PM ET
    Why gold is suffering?

    What's behind gold's Friday drop? Larry McDonald of Societe Generale and Jimmy Lee of the Wealth Consulting Group discuss with Mandy Drury.

  • *Vedanta's Zambia copper unit will still lose money- CEO. LUSAKA, April 23- Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. "We appreciate the leadership and engagement of President Lungu and the...

  • *Vedanta's Zambia copper unit to remain loss-making- CEO. LUSAKA, April 23- Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties, a senior government official said on Thursday. Zambia's cabinet set the royalty tax rate for open cast and underground...

  • *Major court decisions expected this year- Gold Reserve. CARACAS, April 16-- Gold Reserve Inc, a small Canadian miner that lost its crown jewel in a 2009 expropriation, is targeting Venezuelan assets as it seeks to collect a $750 million arbitration award that would put new strains on the cash-strapped government's finances. With higher-profile cases including...

  • Citi analysts call the 'end of the Iron Age' Monday, 13 Apr 2015 | 9:31 AM ET
    Stackers load crushed iron ore onto a stockpile at an ore processing facility in Pilbara, Western Australia.

    Oversupply and a lack of demand growth has led some market analysts to speculate that iron ore prices will never recover to former levels.

  • Alamos Gold, AuRico Gold merging in $1.5B deal Monday, 13 Apr 2015 | 8:21 AM ET
    A mine worker displays a large ingot of gold during the refining process at the Loulo-Gounkoto gold mine complex operated by Randgold Resources Ltd. in Loulo, Mali, Nov. 1, 2013.

    Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.

  • MANILA, April 13- The Philippines is tightening oversight of the roughly 300,000 small-scale miners in the country as it looks to curb illegal mining and gold smuggling, as well as to protect the environment, a government official said on Monday. The Philippines is sitting on mineral reserves worth $1.4 trillion, among the world's biggest, but mining accounts...

  • SINGAPORE, April 13- Gold steadied above $1,200 an ounce on Monday after rising more than 1 percent in a chart-based rebound the session before, but persistent concern that the U.S. central bank is on course to lift rates this year should cap any gains. *Spot gold was flat at $1,207.81 an ounce by 0015 GMT. *Africa's top gold mining company AngloGold Ashanti is...

  • TORONTO, April 9- Influential proxy advisory firm Glass Lewis is recommending that shareholders vote against Barrick Gold Corp's executive compensation plan, while flagging "serious concerns" with the executive chairman's pay. Toronto- based Barrick introduced a new compensation program last year after a shareholder outcry in 2013, but it still resulted...

  • TORONTO, April 9- The influential proxy advisory firm Glass Lewis is recommending that shareholders vote against Barrick Gold Corp's executive compensation plan, while flagging "serious concerns" with the executive chairman's pay. The Toronto- based company introduced a new compensation program last year after a shareholder outcry in 2013, but it still...