Sean Roosen, who turned a small explorer into the operator of one of Canada’s largest gold mines, says he’s ready to do it again after agreeing to sell Osisko Mining Corp. for C$3.9 billion ($3.5 billion).
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.
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.
South Africa’s government delayed the implementation of a planned carbon tax to 2016, while saying it may impose new levies on mining companies to help fund the treatment of acid water seeping from disused gold mines.
The Association of Mineworkers and Construction Union, which represents about 20 percent of South African gold-mining employees, said producers including AngloGold Ashanti Ltd. face strike notices over pay demands.