Gold

Gold incorporates gold exploration, gold mining and gold processing. It also incorporates gold price, gold production, refining, hedging, investment, jewelry, gold reserves, deep-level mining, mechanisation, automation, gold mining technologies, gold pour, nanotechnology, ETFs, gold futures market, rock drill, long hold stoping and gold demand.

AngloGold sells interest in Australian mine

[img:AngloGold%20guy_0.jpg|Mark Cutifani,
CEO, AngloGold
]Johannesburg, South Africa --- MININGREVIEW.COM --- 28 January 2009 - AngloGold Ashanti Limited – one of the world’s top gold producers with 21 operations on four continents – has agreed to sell its indirect 33.33% joint venture interest in the Boddington gold mine in Western Australia to Newmont Mining Corporation for US$1.1 billion (R11 billion).

Rio Tinto may sell shares to cut debt

[img:Rio%20-%20Pic%201_0.jpg|One of Rio Tinto’s
worldwide spread of
mining projects
]London, England --- MININGREVIEW.COM --- 28 January 2009 - The Rio Tinto Group – the world’s third- largest mining company – may sell selected shares to help cut its overall debt by US$10 billion (R100 billion), after having failed to meet its asset-sale targets.

Guinea will honour mining contracts

[img:Guinea%20des_0.jpg|Drilling underway at
the Aredor diamond
mine site in Guinea
]Conakry, Guinea --- MININGREVIEW.COM --- 28 January 2009 - Guinea’s junta which seized power in December will respect agreements the previous government made with mining companies, although the contracts will be scrutinised to ensure they are being fully complied with by the mining companies involved.

Better outlook for gold than platinum

[img:Gold%20bars_0.jpg|Gold – a better
outlook than
platinum for 2009
]Johannesburg, South Africa --- 27 January 2009 - Two leading South African financial services companies – JP Morgan and RBC Capital Markets – are predicting a better outlook for gold than for platinum in 2009

Fin24 reports that research reports from both firms point to better fundamentals for gold compared to platinum over the next six to 12 months, and suggest that precious metal investors should be getting into gold stocks in preference to platinum shares,

AngloGold announces higher gold resource in Australia

[img:AngloGold%20stick_0.jpg|At work on
AngloGold’s
Tropicana
gold project
in Western
Australia
]Perth, Australia --- MININGREVIEW.COM --- 27 January 2009 - AngloGold Ashanti Limited – one of the world’s top gold producers with 21 operations on four continents – has announced a one-million-ounce increase for its Tropicana gold project in Western Australia.

Harmony seeks acquisitions

[img:Harmony%20-%20Pic%201_3.jpg|Graham Briggs,
CEO, Harmony
]Johannesburg, South Africa --- MININGREVIEW.COM --- 23 January 2009 - Africa’s third-largest gold producer – Harmony Gold Mining Company – is looking to spend as much as US$300 million (R3 billion) on acquisitions that would add about 150 000 ounces to its annual production.

In a telephone interview with Bloomberg News, Harmony CEO Graham Briggs said: “There are opportunities around, and we will look to see if they suit Harmony.” The company’s annual output for the year to 31 June 2008 was 1.55 million ounces.

Shareholders approve creation of Gold One

[img:Aflease%20guy_0.jpg|Neal Froneman,
Chief Executive,
Aflease Gold
]Johannesburg, South Africa --- MININGREVIEW.COM --- 22 January 2009 - The shareholders of JSE-listed Aflease Gold Limited – a growth-oriented South African gold mining and exploration company – and Australian based BMA Gold have voted overwhelmingly in favour of a deal which will combine the two companies to create a new gold mining, development and exploration business known as Gold One International.

Gold Fields may lay off 1 500

[img:Gold%20Fields%20-%20Pic%201_0.JPG|Number Nine shaft at
the Driefontein gold
mine
]Johannesburg, South Africa --- MININGREVIEW.COM --- 22 January 2009 - Gold Fields Limited – the world’s number four and Africa's second- largest producer of the metal – is considering laying off about 1 500 workers in South Africa.

Revealing this to Reuters, National Union of Mineworkers (NUM) deputy general secretary Oupa Komane said the union had resisted the move in a meeting with the company in December. It had asked the group to show why the proposed cuts – mostly in services rather than mining jobs – were needed. Gold Fields did not want to comment on the proposed cuts.

DRDGold to retrench 1 335

[img:DRD%20tow_0.jpg|DRDGold’s ERPM
mine, where 1 335
workers are being
retrenched
]Johannesburg, South Africa --- MININGREVIEW.COM --- 22 January 2009 - DRDGold Limited – the fourth-largest gold producer in Africa – has completed negotiations on the future of employees at its ERPM mine, and a total of 1 335 workers are to be retrenched.

A statement released here confirmed that consultations had taken place in terms of Section 189A of the Labour Relations Act regarding employees affected by the placing on care and maintenance of the underground operations of its Boksburg-based ERPM mine .

BHP hit by global recession

[img:BHP%20pol_0.jpg|Part of BHP’s
Ravensthorpe nickel
operation in Australia
]Sydney, Australia --- MININGREVIEW.COM --- 21 January 2009 - The global recession has led the world’s largest mining company – BHP Billiton Limited (BHP) – to cut some 6% of its workforce, and to close its giant Ravensthorpe nickel mine in Australia with a US$1.6 billion (R16 billion) write-down, its biggest in nine years.

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