A group of 11 mining CEOs working in West Africa are calling for fewer travel restrictions in the face of the Ebola epidemic.» Read More
Aug 8- Contractors at ArcelorMittal SA's iron ore mine in Liberia are evacuating the country and other miners are sending staff home to prevent the spread of the deadly Ebola virus. A prolonged outbreak, however, will threaten mineral production in Sierra Leone, Liberia and Guinea if essential supplies are disrupted and employees stay away from work too long.
The outbreak began in the forests of eastern Guinea in February. Its epicenter has spread to Sierra Leone and Liberia, while cases have also been recorded in Nigeria. Below is a compilation of recent statements by companies with operations in Sierra Leone, Liberia, Guinea or neighboring countries.
*Gold shares up 22%, heavily outperform basic gold price. LONDON, Aug 8- Gold mining shares are bouncing back from a disastrous 2013 and are expected to far outperform the price of the metal in coming months as company efficiency measures lure investors back to the sector.
*Operation "White Shield" begins in north Liberia. MONROVIA/ DAKAR, Aug 6- Health workers in West Africa appealed on Wednesday for urgent help in controlling the world's worst Ebola outbreak as the death toll climbed to 932 and Liberia shut a hospital where several staff were infected, including a Spanish priest.
DOKO, Democratic Republic of Congo, May 8- The open pit of the giant Kibali mine in northeastern Democratic Republic of Congo, a yawning beige crater punched in dense forest, could turn a remote corner of one of the world's poorest countries into an economic powerhouse.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
LONG BEACH, CALIF., March 21- Gold has been a highly coveted asset for millennia, but its appeal lately has been intermittent at best. Running a fund that concentrates on mining stocks is difficult amid such a backdrop, but John Hathaway, lead manager of Tocqueville Gold, and Joseph Foster, manager of Van Eck International Investors Gold, have done it better than most.
European stocks closed higher on Monday, with a rally in mining stocks helping the U.K.'s FTSE 100 to post healthy gains of over 1 percent.
Mark Bristow, CEO of Randgold Resources, says there will be a reduction in gold production as the industry "struggles" with the gold price.
European markets closed slightly higher in a shortened session, completing their most successful year of this decade.
If you're a gold bull with an appetite for risk, Cramer has a stock for you.
Gold is on track for its biggest weekly gain in five weeks on Friday as many analysts now believe the good times might be back for the precious metal. But rather than buying gold outright, one mining analyst recommends investors buy small mining companies that he calls "recovery plays".
European shares pared gains but closed higher on Thursday, a day after the Federal Reserve surprised markets by opting to maintain its $85 billion-per-month asset purchases.
European shares closed higher on Friday, despite investors' caution ahead of the Federal Reserve's meeting next week.
European shares closed higher on Friday, boosted by mining stocks which received a lift from broadly positive Chinese data, as well as a strong performance from European bank stocks.
Gold mining stocks have lost their luster as commodity prices fall. But investors may be missing improving fundamentals, say fund managers.
European shares saw a heavy sell-off on Thursday on fears of a possible unwinding of monetary easing in the U.S. and weak economic figures from China.
European shares pared gains, but closed higher on Thursday, after a round of soft U.S. data.
Take a look at some of Friday's midday movers:
U.S. stock index futures climbed Thursday as Wall Street cheered a better-than-expected jobless claims report and after the European Central Bank cut its key interest rate.