World Gold Council

Gold investment on the up moving into latter half of 2018

According to the World Gold Council gold investors saw their fortunes change during the second quarter after benefiting from gold’s strong performance in Q1.
Acacia Mining

Acacia Mining mulls potential Tanzania asset sale

Acacia Mining is engaging with a small number of interested Chinese parties to explore the potential sale of a stake in one or more of its Tanzanian assets.
Petra Diamonds

South Africa’s mines are capable of concluding successful wage agreements

The National Union of Mineworkers, or NUM, has signed a “substantive” one-year wage agreement with Petra Diamonds’ Cullinan diamond mine.
Harmony Gold

Harmony Gold reports fatality at Tshepong

Harmony Gold Mining Company has reported that one of its employees was fatally injured in a fall of ground incident at its Tshepong mine in Welkom, Free State.
Pangolin Diamonds Corp

Pangolin Diamonds Corp. gains ground in Botswana

Pangolin Diamonds Corp. has finalised its joint venture agreement with Makanwu Civil Blasting and now owns a 75% interest in the diamondiferous AK10 diamond project in Botswana
Indiana Resources

Indiana Resources appoints geologist as new CEO

Indiana Resources announced the appointment of Chris van Wijk as chief executive officer, commencing 23 July 2018. 
wages

Gold miners table wage offers to unions

At the afternoon session of the second day of gold wage negotiations between gold producers and unions, each of the four companies tabled offers in respect of wages and benefits for the different categories represented in the bargaining units. 
FATALITIES

Union calls for prosecution of mine bosses for mineworker fatalities

The National Union of Metalworkers of South Africa has called for the prosecution of mine bosses for the high levels of fatalities in the mining sector.
MOD Resources

MOD to consolidate 100% of financially robust copper project

MOD Resources has executed binding agreements with Metal Tiger to acquire 30% stake in the T3 project and at completion will own 100% of the T3 project.
environmental

Will the booming demand for cobalt be short-lived?

The price of battery metal cobalt has escalated significantly in the last few years – driven largely by the demand for more metal to feed the growing electric vehicle market. This may be short-lived however after Tesla’s Elon Musk stated his intention to move away from using cobalt all together, writes Laura Cornish.

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