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Friday, December 15th, 2017 - Buy Gold - Bringing you trusted gold news and gold investing information since 2006

Archive for the 'Gold Mining' Category



Gold Miners Reports Outstanding Financials

Many gold miners are presently making public their second-quarter financial reports of which most results are really outstanding. Companies that produce gold have learnt over the years never to worry about hedging the price at which they sell gold because the price of gold has always been uniformly strong that no gold miner needs hedge … http://buy-gold.net/gold-miners-reports-outstanding-financials.html

Cambodia Gold Rush New Target of Mining Giants

A modern day gold rush in a remote corner of Cambodia is the new target of foreign mining giants, Sapa reports. The area, known as the “Gold Forest”, has already seen hundreds of local prospectors arrive in search of the precious metal. Currently the Gold Forest is a hand-dug mine close to the village of … http://buy-gold.net/cambodia-gold-rush-new-target-of-mining-giants.html

Aurora May Face Criminal Action

The South African National Union of Mineworkers (NUM) on Wednesday called on the Pamodzi gold mines liquidators to initiate criminal action against the politically well-connected directors of Aurora Empowerment Systems. A spokesman for the mineworkers union, Lesiba Seshoka, said in a statement released on Wednesday: “The NUM calls on the liquidators to take drastic measures … http://buy-gold.net/aurora-may-face-criminal-action.html

South African Gold Mining Companies Facing Trade Union Wage Increase Demands

South African Chamber of Mines are next week expected to respond to trade union wage increase demands of 14 percent, the Independent Online reports. Following an initial meeting with representatives from the trade unions, the chamber announced that it would respond to the demands set by the organised labour groups on behalf of the country’s … http://buy-gold.net/south-african-gold-mining-companies-facing-trade-union-wage-increase-demands.html

Goliath Gold: Not Interested in Pamodzi

A new South African gold-focused development company, Goliath Gold (GGM), on Friday indicated that the interest it previously expressed in acquiring Pamodzi Gold’s mines has been withdrawn. It was thought that the company was in discussions over the acquisition of Pamodzi Gold’s operations on the East Rand, close to Johannesburg, following the announcement that Aurora … http://buy-gold.net/goliath-gold-not-interested-in-pamodzi.html

Will Tanzania Introduce “Super Tax” On Minerals?

Tanzania is considering ways in which to fund its five-year development plan, including a “super profit” tax on earnings from minerals, Reuters Africa reports. Tanzania is one of the top gold producers in Africa and the latest move is similar to those seen in other gold producing countries as part of initiatives to increase the … http://buy-gold.net/will-tanzania-introduce-super-tax-on-minerals.html

Barrick Gold To Enhance Security at Tanzanian Mine

Following a raid on May16 that killed five people at a Tanzanian gold mine, African Barrick Gold is enhancing mine security by erecting new fences, building walls and installing surveillance cameras. African Barrick released a statement that read: “These efforts will enhance the security environment at the mine in order to protect employees and the … http://buy-gold.net/barrick-gold-to-enhance-security-at-tanzanian-mine.html

Political Interference in Liquidation of Pamodzi Gold (JNB:PZG)

Axed South African Pamodzi Gold (JNB:PZG)  liquidator Enver Motala said in a 14-page media statement that Aurora Empowerment Systems “was never given preference” because of its political connections, the Times Live reports on Tuesday. Motala, who has vowed to challenge his dismissal from the case, argued that there was “simply no truth” to allegations that … http://buy-gold.net/political-interference-in-liquidation-of-pamodzi-gold-jnbpzg.html

Gold Production in Zimbabwe up 35%

Gold output in Zimbabwe is expected to increase by as much as 35 percent in 2011, while costs, power shortages and funding remain serious problems, the country’s Chamber of Mines reports. An official at the Zimbabwean Chamber of Mines on Friday said that although the gold output in the country could rise by as much … http://buy-gold.net/gold-production-in-zimbabwe-up-35.html

Venezuelan Gold Production Drops By 60%

Venezuelan gold production fell significantly last year, at only 1.7 tonnes (60,000 ounces) compared to its 4 tonne (141,000 ounces) target, state-run gold miner Minerven say. As a result of the plummeting production, Minerven is now said to seek a government bailout of US$70 million, by some said to be the latest example of trouble … http://buy-gold.net/venezuelan-gold-production-drops-by-60.html




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