Industry news

  • Business Live Nearly 50 mineworkers have died this year. Even so, fatality frequency rates are down, and experts say there is little mines can do to materially improve safety statistics. Read more...

  • World Gold Council The technology sector has experienced exponential growth in recent years and is expected to continue expanding over the next decade and beyond. Gold has an invaluable role to play in the industry, as World Gold Council consultant Trevor Keel explains. Read more...

  • World Gold Council Gold is rare and, as with other precious metals, a lot of ore is mined and processed to produce small amounts of pure metal. Read more...

  • Reuters South Africa trade union Solidarity has submitted wage hike demands in the gold sector of at least 10 percent annually over the next three years. Read more...

  • Bloomberg South Africa’s Association of Mineworkers and Construction Union plans to demand a 12,500 rand ($950) monthly minimum wage from some of the country’s top gold producers in upcoming negotiations. Read more...

  • Reuters South African gold producers agreed a 5 billion rand ($400 million) class action settlement on Thursday with law firms representing thousands of miners who contracted the fatal lung diseases silicosis and tuberculosis. Read more...

  • Reuters South Africa’s National Union of Mineworkers (NUM) has submitted wage hike demands in the gold sector of up to 37 percent over a two year period. Read more...

  • Business Day A hard-hitting report by JPMorgan Cazenove says more than half the sector is unprofitable and predicts more production cuts. Read more...

  • Business Day The Chamber of Mines welcomes the ruling, saying it ‘brings final certainty about the binding nature’ of the agreement with unions. Read more...

  • Bizcommunity Innovation is important for the future of mining, especially in South Africa. While the country sits with abundant resources - the richest deposits in the world as per a Citibank report - if these cannot be mined economically (and safely) then it will all come to naught for the mining companies, labour, unions, investors and the country. Read more...

  • Money Web In 39 years, finding gold in South Africa’s mine reserves might be an actual hunt for treasure. Read more...

  • Business Day The latest GFMS Gold Survey figures paint a bleak picture of the South African gold industry Read more...

  • Center for Global Development The United Nations Conference on Trade and Development (UNCTAD) has recently reissued a new version of the report on commodity trade misinvoicing which caused such controversy last summer. Read more...