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Latest Africa Gold News

  • Outlook for gold and silver slightly weaker but pgms favoured 13 May 2008 11:53 GMT
    ... HOME > GOLD ANALYSIS Outlook for gold and silver slightly ... (at the time of writing) in the gold price below the $900 mark was well anticipated ... the metal's sensitivity to events in South Africa. This is likely to remain central to ...

  • Commodities: Oil eases from record high 13 May 2008 11:10 GMT
    ... This genius investor does dizzying levels of research to ... the West alongside disruptions to production in Nigeria have added to concern that oil supplies are being ... 90 cents to settle at $885.80 an ounce as it tracked declining oil prices. The ...

  • Another miner going nowhere in Indonesia 13 May 2008 10:52 GMT
    ... is also the corporate setting for Australian gold miner Archipelago Resources’ (AR) big investment plans ... Meanwhile AR’s bank syndicate, comprised of South Africa’s Investec, Germany’s WestLB, France’s Societe Generale and Australia’s ... to reap the gains of spiking global gold prices. Instead, the once-promising project appears headed for ...

  • RUTHERFORD ON FILM: 'AMERICAN GANGSTER': Ridley Scott Successfully Reinvents' Gangster Lore 13 May 2008 10:51 GMT
    ... listings. Against the hypocritical $250 million dollar African American leader stands a lonely, honest to the ... her solid, without a wince of compassion, gold digging persona. Amidst the upper social echelon ... Unlike Washington’s solid arrogance emitting from every ounce of sweat, Crowe’s disheveled, his few agents ...

  • JSE weaker on metal prices 13 May 2008 10:32 GMT
    ... South African stocks opened weaker on Tuesday, led south by ... down 0.44%. Resources fell 0.93%, while the gold and platinum mining indices gave up 0.82% ... gold was quoted at US$877.35 a troy ounce from US$886.05/oz at the JSE’s last close. ...

  • Gold remains high.. 13 May 2008 09:31 GMT
    ... The same financial scene is continuing today as the ... facing a dollar that is still rising. Gold prices are still floating around $885 an ounce, ... attacks that are continuously taking place in Nigeria against oil facilities, and a world high demand ...

  • Yesterday's top story: Gold price gives huge boost to DRDGold's quarterly earnings 13 May 2008 09:10 GMT
    ... HOME > GOLD NEWS Yesterday's top story: Gold price gives huge boost to DRDGold's quarterly earnings Now ... that DRDGold has returned to its South African roots, the latest quarterly results show the ... received of no less than $943 an ounce, up from $797 an ounce in the ...

  • Is it only me, or has economic news stagnated? 13 May 2008 08:18 GMT
    ... Rand-Euro exchange rates, followed by the latest price of gold. It is so ingrained in the structure ... felt directly by almost every adult South African who relies on their own or public transport, ...

  • Pamodzi Gold transforming stressed gold mine to former glory 13 May 2008 07:59 GMT
    ... HOME > GOLD NEWS Pamodzi Gold transforming stressed gold mine ... at its East Rand operations in South Africa and is still envisaging 1m ounces of gold production ... pursuing its target of becoming a 1m ounce producer within 18 months and would look ...

  • Oil eases from record high 13 May 2008 06:52 GMT
    ... LONDON (SHARECAST) - Oil prices retreated from a record ... the West alongside disruptions to production in Nigeria have added to concern that oil supplies are being ... 90 cents to settle at $885.80 an ounce as it tracked declining oil prices. The ...

  • JSE ends flat on lack of clear direction  13 May 2008 06:18 GMT
    ... SOUTH African stocks ended a muted session virtually unchanged ... mining index was off 0,27% but the gold mining index added 0,57%. Banks were down 0,20%, ...

  • Oil retreats from record; Asian shares gain 13 May 2008 06:15 GMT
    ... Oil retreats from record; Asian shares gain HONG KONG ... supply disruptions in the North Sea and Nigeria. "The pitch of the rise (of oil prices) ... in Tokyo. Gold fell to $879.50/$880.50 an ounce from $884.60/$884.20 late Monday, as the halt ...

  • Oil retreats from record while Asian shares gain 13 May 2008 05:31 GMT
    ... The surge has been led by concerns over supply ... supply disruptions in the North Sea and Nigeria. "The pitch of the rise (of oil prices) ... in Tokyo. Gold fell to $879.50/880.50 an ounce from $884.60/884.20 late on Monday, as the ...

  • Veep opens website to promote transparency in mining industry 13 May 2008 04:58 GMT
    ... by the British Prime Minister in South Africa in 2002, to among other things ensure greater transparency ... mine. "It is common knowledge that the price of gold has increased steadily in recent times, yet ...

  • Gold falls hit Fund Portfolio 13 May 2008 04:52 GMT
    ... to dominate the headlines. Consolidation in the gold price around the $800 mark, versus the recent high ... political instability in the ANC in South Africa raises the spectre at some stage of ... metal, or indeed for the prices of gold shares domiciled elsewhere. I am spending three weeks ...

  • Mine Tragedies Overshadow Group Results 13 May 2008 04:50 GMT
    ... the loss of production at the South African operations; - Agreement was reached with Mvela ... 29 per cent increase in the average rand/gold price received from R170,488 to R220,612 per kilogram as ... per cent increase in the US dollar price of gold, combined with a 10 per cent weakening ...

  • Has the commodity boom turned to bust? 13 May 2008 04:50 GMT
    ... Has the commodity boom turned to bust? CBC News ... end of an oil worker's strike in Nigeria, relatively healthy supplies, and the end of the ... — something that tends to drive down gold prices. And then there were the rumours of ...

  • TIME Cover: The TIME 100 The Most Influential People in the World 13 May 2008 04:45 GMT
    ... president-elect, Taiwan (Michael Schuman) Jacob Zuma, president, African National Congress (Rian Malan) Heroes and Pioneers ... McGee, food science writer (Alton Brown) Mehmet Oz, cardiothoracic surgeon, author, commentator (Eric Ripert) Peter ... PC wins Olympic Medal Count Andre Agassi (gold), Lance Armstrong (bronze), Joey Cheek (silver, bronze) ...

  • Evolution of Specialty Coffee Brings Rare Coffee to Market in Starbucks® Exclusive Limited Reserve 13 May 2008 04:44 GMT
    ... Reserve coffees for Winter/Spring are: Tanzania Estate (Africa/Arabia). This coffee, from farms in both the ... or with Starbucks Chef Adam Steinberg’s Yukon Gold Potato Pancakes.* Mexico el Retiro (Latin America). ... Chef Mark Graham’s Cherry Clafoutis.* Each 10 oz. bag sells for approximately $9.99 each and ...

  • OPEC summit takes on markets 13 May 2008 04:43 GMT
    ... RIYADH, Saudi Arabia - The marketing for OPEC's ... billions in such funds. They can move gold prices and foreign exchange markets, and they may ... which suggests prices are about to drop. Nigerian Oil Minister Odein Ajumogobia told Reuters Saturday that ...

  • Emerging Markets Investments: Still The Star? 13 May 2008 04:43 GMT
    ... portfolio flows into other regions, including sub-Saharan Africa, shows that foreign investors are taking more ... for the futures market and US investors. Citigold Corporation Limited, the Australian gold mining company, ... and CEO of Citigold, added: “With the gold market in Dubai becoming a highly sophisticated market ...

  • 2006 XX Olympics Opening Ceremony: NBC's Six Minutes of Passion, Four Hours of Fire 13 May 2008 04:35 GMT
    ... shadow of death. And after the record gold rush of Salt Lake City the red, ... athletes representing their country. Albania (1 athlete) Algeria (2 athletes from one of six African nations) Andorra (3 athletes) Argentina (8 athletes) ...

  • 'A necessary evil' 13 May 2008 04:35 GMT
    ... the British Foreign Office Minister responsible for Africa, Peter Hain, called him "the chief sanctions ... of West African diamonds, and the international gold trade, in financing global terror networks. Braun is ...

  • The Five Top Plays to Profit from the Gold Boom 13 May 2008 04:34 GMT
    ... want to benefit from a rise in gold prices. The bottom line is that to invest ... has some operations in South America and Africa, and mines copper and zinc, as well ... out by then. GFI doesn't hedge the gold price, which is a plus ) is an ...

  • SA-linked bioleaching plant receives Chinese mining award 13 May 2008 04:33 GMT
    ... plant receives Chinese mining award Sydney-based Sino Gold Mining has been awarded a mining licence ... Chinese gold bioleaching plant, which uses South African-Australian gold bioleach technology developed by Mintek and ... the bioleach facility to over 150 000 oz of gold a year. ...


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