Gold prices on the rise: what does this mean for miners?
The rise in prices seems to have had a positive effect on gold miners, with share prices growing 50% so far this year. Some miners, such as Harmony Gold Mining in South Africa and Evolution Mining in Australia are taking advantage of the rise in …
The relevance and impact of South African labour law in the …
Strike actions might increase, and workers might be retrenched based on operational requirements. In this regard, workers may need greater protection from retrenchment. ... 53 As is evident from the Lonmin strike in 2014 where a minority group of employees went on a strike that had an adverse effect on the mine. ... Harmony Gold Mine provided ...
Contributors to Fatigue of Mine Workers in the South African Gold …
The average response rate to each of the questions was 98% (±2%), ranging from 91% to . Most participants were male (88%); this reflected national mining employment statistics, as women represented 12% of the mining labor force in 2017 [1]. The average age was 38 (±9) years, ranging from 20 to 65 years.
Mining in China fraught with danger, but higher pay draws workers …
But former mine workers have previously said minor incidents are often not reported so as to burnish safety records. Security officers keep watch at Hushan gold mine after the Jan 10 explosion in ...
Gold Mining | Gold Production | World Gold Council
Overall levels of mine production have grown significantly since 2008, although substantial new discoveries are increasingly rare. Gold mining and mine production does not …
Mental health in mine workers: a literature review
Introduction. The mining work has been identified as one of the most hazardous environment for the work activity that exist around the world 1).It's defined as a high load work, featured with risky conditions and organization systems that involve long distances from workers residences, high demand due shift work schedules and job …
COVID-19's impact on the global gold industry: …
These problems are having a significant impact: overall, as much as eight million ounces (7 percent of global mine supply) of …
What Drives Gold Prices?
We have investigated several hypotheses about the determinants of gold prices—in annual levels data, quarterly data in innovations form, and daily data in differences. The negative …
Global Mine Report 2023: PwC
In its 20th edition, PwC's 2023 Mine: The era of reinvention, an annual review of the Top 40 mining companies globally, examined trends in the mining industry. In this report, PwC found market capitalisation of the Top 40 miners tripled from US$400bn in 2003 to US$1.2trn in 2022. The findings of this year's report capture major themes and ...
Gold industry M&A: Riding the new wave buoyed by lessons from …
Although mine capacity is expected to be reduced by approximately 3 to 7 percent as mines curtail or halt production due to COVID-19 measures, the jump in …
Productivity at the mine face: Pointing the way forward
Mine V is an Americas gold mine confronting challenging geological conditions. It saw its production fall over 20 percent despite investments that held up its asset value; its MPI performance fell over 20 percent. The worst performer in Exhibit 2 is the African gold producer Mine Z, which is in the middle of a change in mining strategy.
Supply | World Gold Council
Total supply rose 4% in Q1 due to record mine production and a jump in recycling. Q1 mine production increased 3% y-o-y to a record level for the first quarter. …
Gold miners' costs rise again in Q3'22 but the rate of increase has
Director of Mine Supply Metals Focus. Posted 12 December, 2022. 09:00. Average all-in sustaining costs (AISC) in the gold mining industry increased by 1% q-o-q …
Gold mining industry contributed over US$171
"This report shows that the total economic impact of gold mining is significant and substantial – at US$171.6 billion, it is greater than the GDP of over 150 different …
The Social and Economic Impacts of Gold Mining
Gold mine employees consistently earn more than the local ... 90% of the employees at gold mining operations are local workers. For comparison, in the oil and gas sector on average
Gold mining's social and economic impact
In conversations, we sometimes get asked if there are actually any positive benefits that countries receive when hosting a gold mine. Our report shows that our Members contributed to US$37.9bn of GDP in countries that they operate in. For countries such as Suriname for instance our members' GDP contribution is close to 17%.
Ghana's Illegal Galamsey Gold Mining Affecting Cocoa Farmers, …
Illegal gold mining in Ghana further exacerbates a volatile cocoa market. In 2014, experts predicted a global cocoa shortage by 2020. However, cocoa production statistics have been unpredictable ...
Decreasing Ore Grades in Global Metallic Mining: A Theoretical …
Mining industry requires high amounts of energy to extract and process resources, including a variety of concentration and refining processes. Using energy consumption information, different sustainability issues can be addressed, such as the relationship with ore grade over the years, energy variations in electricity or fossil fuel …
How does the mining sector impact the South African economy?
Mining contributes 11% of gross capital creation but also 16% of total direct foreign investment in South Africa. Despite accounting for just 0.3 percent of taxpayers, the sector was liable for 6 percent of the tax imposed in 2014. Although quarrying employs about 500,000 people, it accounts for barely 5% of the country's employment.
The Dystopian Underworld of South Africa's Illegal Gold Mines
When the country's mining industry collapsed, a criminal economy grew in its place, with thousands of men climbing into some of the deepest shafts in the world, searching for leftover gold. By ...
Real Time Gold Price, Precious Metal Quotes and Charts
Real Time Gold Price, Precious Metal Quotes and Charts. Kitco covers the latest Gold News, Silver News, Live Gold Prices, Silver Prices, Gold Charts, Gold Rates, Mining News, ETF, FOREX, Bitcoin, crypto, and stock markets. The Kitco News Team brings you the latest news, analysis, and opinions regarding Precious Metals, Crypto, …
Child labour, toxic leaks: the price we could pay for a …
Digging for cobalt in the Democratic Republic of the Congo, where 60% of the world's supply is found. Miners often breathe in cobalt-laden dust, which can prove fatal.
Economic Impacts of Gold Production in South Africa
the international price of gold given the importance of gold mining in the country. Effects of the money supply, exchange rate, foreign income, and an index of political stability are included in the model, with results showing exchange rates and the price of gold to be the major determining factors of inflation levels.
Mining is bad for health: a voyage of discovery | Environmental
In particular, the use of elemental mercury in small-scale artisanal gold mining leads to methyl-mercury pollution of the local environment and ingestion through the locally grown diet. Inhalation of elemental Hg by the children and other workers, often working in kitchens away from the actual mine, is an issue (Basu et al. 2015). Mercury is ...
Sibanye-Stillwater increases wage offer for striking South Africa gold
Sibanye previously offered entry-level workers an annual increase of 800 rand a month, including a 100 rand a month increase in living out allowance. The company's offer to miners, artisans and ...
The burden of gold Child labour in small-scale mines and quarries
This year's World Day Against Child Labour focused the world's attention on the plight of child labourers in small-scale mines and quarries. The ILO estimates that about one million children aged 5 to 17 are engaged in small-scale mining and quarrying activities worldwide. These children toil under dangerous conditions and go without …
All That Glitters is Not Gold: Turmoil in Zimbabwe's Mining Sector
[fn] According to the IMF Primary Commodity Prices database, gold increased in price by 16 per cent between December 2019 and May 2020, while the platinum and nickel prices dropped by 14 per cent and 12 per cent, respectively. Sales of luxury products, including diamonds, are predicted to contract by up to 35 per cent in 2020.
The impact of the coronavirus pandemic on the mining sector
At a recent trough of the crisis, the price-drop range was 5 to 25 percent across major commodities, and prices remain subdued in some cases. For example, …
Environmental Impacts of Gold Mining
Gold mining is one of the most destructive industries in the world. It can displace communities, contaminate drinking water, hurt workers, and destroy pristine environments. It pollutes water and land with mercury and cyanide, endangering the health of people and ecosystems. Producing gold for one wedding ring alone generates 20 tons of waste.
The devastating impact of Gold Mining in South Africa
The effects of dust on people include severe coughing and vomiting while some children have been diagnosed with neurological disorders. Moreover, about 10-13% 13-to-14-year old children who live near the dumps suffer from asthma. Local people said that contamination cannot be prevented. Even water used for irrigation is contaminated.