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Eskom tariff plans will destroy gold mining, warns Minerals Council SASA could lose all but one of its gold mines and shed 150,000 jobs if Eskom is allowed to charge a 15%/year tariff increase over three years
Source: BDliveSA - 🏆 12. / 63 Read more »
JSE flat as banks’ losses offset gold minersA softer rand is giving the local bourse much of its direction, with market focus on US nonfarm payrolls report later in the day
Source: BDliveSA - 🏆 12. / 63 Read more »
In anti-Maduro push, US warns traders not to deal in Venezuelan goldVenezuela’s struggle to pay its debts even to allies Russia and China amid a sharp drop in oil output has been exacerbated by the new sanctions.
Source: ewnupdates - 🏆 30. / 53 Read more »
Eskom's proposed price hikes could leave SA with just one gold mineSA’s gold industry will be destroyed if Eskom gets the green light for annual increases of 15% over the next three years, says the Minerals Council SA. Lesufi EFF can someone now fight for the millions is south Africans being forced to pay Eskom hikes when the big crooks stole and wasted money
Source: TimesLIVE - 🏆 28. / 59 Read more »
Gold takes heart from Fed’s dovish toneThe metal inches higher, holding near a multimonth peak after the US Federal Reserve paused its monetary tightening cycle
Source: BDliveSA - 🏆 12. / 63 Read more »
Eskom tariff hikes will nuke gold, platinum industry, warns Minerals CouncilSA could lose all but one of its gold mines and shed 150,000 jobs if Eskom is allowed to charge a 15%/year tariff increase over three years Sorry but gold industry already nuked
Source: BDliveSA - 🏆 12. / 63 Read more »
Gold hovers close to eight-month highsBullion is steady as the dollar weakens after the Fed pauses its tightening cycle, putting the metal on course for its fourth consecutive monthly gain
Source: BDliveSA - 🏆 12. / 63 Read more »
20 tonnes of Venezuelan gold is good to goWith the country owing billions to Russia and China, who has access to the nation’s estimated 200 tonnes of gold has become a key question
Source: BDliveSA - 🏆 12. / 63 Read more »
Gold nears 8-month peak ahead of Fed policy and US-China talksGold steadies near 8-month peak, as focus moves onto Fed's policy decision and outcome of trade talks between Chinese vice premier Liu He and US trade representative Robert Lighthizer
Source: BDliveSA - 🏆 12. / 63 Read more »
Gold climbs to eight-month peakUncertainty over US-China trade relations and the expectation the Fed will keep rates on hold are supporting the metal
Source: BDliveSA - 🏆 12. / 63 Read more »