Iamgold’s Q3 profit misses the mark
Iamgold (IMG-T, IAG-N) took a hit after posting a weak third-quarter profit owing to lower gold production and sales.
Africa
Amplats settles with striking workers
Mine workers at Anglo American Platinum (Amplats) (AGPPY-O) are going back to work, putting to rest a series of wildcat strikes that all but crippled South Africa’s platinum-mining industry.
Barrick’s Q3 fails to impress
Barrick Gold (ABX-T, ABX-N) has unveiled another disappointing quarter, as it wrestles rising costs, project delays and shrinking profits. And it’s prompted investors who expected a better third quarter to drive down the stock.
Rebel group consolidates position in DRC
Rebel fighters from the M23 group in the Democratic Republic of Congo have pushed past Goma, the capital of North Kivu province, to the town of Sake, 20 km to the west, and claim they plan to march to Kinshasa, the country’s capital.
Bad timing for Banro
Unrest in the Democratic Republic of Congo couldn’t have come at a worse time for Banro Corp. (BAA-T), whose Twangiza gold mine started commercial production there in September.
Metals commentary: The state of global platinum supply
The global economic recession caused platinum demand in the car and jewelry sectors to enter a cyclical downturn. However, a substantial supply reduction due to the labour strife in South Africa moved the platinum market from surplus to deficit…
Amara gets a handle on Baomahun
Amara Mining (AMZ-T) has increased the scope and its understanding of the Baomahun project in Sierra Leone.
Iamgold’s Q3 profit misses the mark
Iamgold (IMG-T, IAG-N) took a hit after posting a weak third-quarter profit thanks to lower gold production and sales.
Fasken Martineau merges with Bell Dewar
Canadian law firm Fasken Martineau is merging with Johannesburg-based Bell Dewar.
Paladin wields the axe
Pure-play uranium miner Paladin Energy (PDN-T) has unveiled a plan it says will trim costs by US$60 million to US$80 million over the next two years.
Centamin battles legal challenge from Egyptian court
Gold miner Centamin (CEE-T, CEY-L) has run into legal problems at its flagship Sukari operation near the Red Sea in southeastern Egypt.
Amplats settles with striking workers
Mine workers at Anglo American Platinum (Amplats) are going back to work, putting to rest a series of wildcat strikes that all but crippled the South Africa’s platinum mining industry.