Overview -- We believe that country risk for South African gold miner AngloGold Ashanti Ltd. (AngloGold) has increased in light of continuing strike action in South Africa and the possible implications of increasing social tensions for the mining industry. -- We recently lowered our foreign currency rating on South Africa to 'BBB' from 'BBB+' to reflect the … [Read more...] about TEXT-S&P puts AngloGold Ashanti on watch negative
reuters
Euro Coal-Dec ARA trades higher but activity remains thin
* Nov S.African cargo bid at $79.25, offered at $81/T * Indian buyers focus again on low-grade cargoes LONDON Oct 17 (Reuters) - Prompt physical coal prices were little changed to slightly higher on Wednesday but few trades were seen as many coal market players returned from the biggest annual industry conference in Istanbul this week. Spot prices fell on Monday … [Read more...] about Euro Coal-Dec ARA trades higher but activity remains thin
UPDATE 2-World TB cases fall, but drug-resistance a worry-WHO
* New tools to fight TB being developed * Diagnoses of drug resistant TB lagging By Julie Steenhuysen CHICAGO, Oct 17 (Reuters) - New tuberculosis infections dropped 2.2 percent worldwide last year, but with nearly 9 million new infections, the World Health Organization said TB remains a massive problem that could worsen if countries shortchange funding to fight … [Read more...] about UPDATE 2-World TB cases fall, but drug-resistance a worry-WHO
ANALYSIS-"You’re fired"
* Mass sackings just part of negotiations * Platinum, gold mines under financial pressure * Gold Fields "ultimatum" falls due on Thursday By Ed Cropley JOHANNESBURG, Oct 17 (Reuters) - According to his "final ultimatum" to wildcat strikers, Gold Fields chief executive Nick Holland is hours away from firing 23,000 miners. In the poisonous atmosphere of … [Read more...] about ANALYSIS-"You’re fired"
S.Africa’s ‘richest tribe’ offers platinum model
* Same mining salaries go further in kingdom * Small window to use mineral wealth to fix problems * Bafokeng still face protests over land claims, pollution By Jon Herskovitz PHOKENG, South Africa, Oct 18 (Reuters) - While South African mining companies try to halt the spread of deadly labour strife, a kingdom that partly governs a small stretch of … [Read more...] about S.Africa’s ‘richest tribe’ offers platinum model
