Nov 8th, 2012
By Madeline R. Young The South African economy has recently taken a major blow due to a much-reported epidemic of labour disputes in the mining industry. Approximately 50,000 mine workers have gone on strike across companies, with violent clashes leading to injuries and deaths, as well as billions of...
Jul 1st, 2012
Five miners died from smoke inhalation at a Gold Fields mine in South Africa on Saturday as they worked underground, the company said on Sunday. The deaths are a setback for the government and the industry as they try to improve safety and reduce fatalities in South Africa’s mines, which are th...
Dec 5th, 2011
Gold Fields chief executive Nick Holland said on Monday he was concerned about Ghana’s move to increase corporate taxes on the mining sector to 35 percent from 25 percent. “It is a source of deep concern to us,” Holland said in a presentation to analysts. In 2010 about 20 per...
Jan 25th, 2011
The South African rand weakened against the dollar on Tuesday after an overnight rally failed to gain momentum, with the currency meeting resistance at 6.98. Stocks fell for the second day running, led by gold miners which were hit by a drop in the gold price to near three-month lows. News that the U...