As bullion gains this year after the biggest annual plunge in more than three decades, there’s little that’s stopping some producers reopening shuttered mines or reviving stalled projects - not even a plague of spiders.
The National Union of Metalworkers, South Africa’s largest labor organization, said it’s accepting miners who have started to turn to it as a strike at the world’s biggest platinum mines drags on for an 11th week.
Naspers Ltd., Africa’s largest media company, needs to convince investors it will grow profit if South Africa’s second-worst performing stock this month is to curb a slide led by its stake in a Chinese company.
The Democratic Republic of Congo’s government and mining companies are discussing a deal to immediately increase royalties while retaining a 10-year stability clause on existing projects in the copper-rich nation.
AngloGold Ashanti Ltd. stopped pumping water from a shaft neighboring one of its mines in South Africa because the operators failed to pay for the work, the world’s third-largest producer of the metal said.
An auditor has alerted South Africa’s tax agency to alleged fraud at Goldrich Holdings (Pty) Ltd., a mine operator whose chairman is already being personally sued following the collapse of Aurora Empowerment Systems Ltd., a similar company.
AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, withheld a dividend for the second half of 2013 even as it increased annual production for the first time in nine years and lowered costs.