The following is a list of companies whose shares may have unusual price changes in South Africa. Stock symbols are in parentheses after company names and prices are the last to close. South Africa’s FTSE / JSE Africa All Share Index rose for the third time in four days, the promotion of 19.86, or 0.1 percent, to 27,349.61 at the close in Johannesburg. Gold Fields Ltd. (GFI SJ): A miner was slain in an accident at Gold Fields is my Three Fountain, the National Union of Mineworkers said in an e-mailed statement. The stock of Gold Fields, the second largest producer in Africa of the metal was unchanged at 96 Rand. Read more
SYDNEY – The production was back to normal at the giant Olympic Dam mine in Australia seven months after an accident during the fourth output cut world’s largest copper deposit by 75 percent, owner BHP Billiton (BHP.AX) (BLT. L) said Wednesday. Normal production rates will be resumed at the end of the June quarter, the company said. Read more
BHP Billiton Ltd., the world leader of the largest mining operations were suspended Nickel West Leinster in Western Australia after a worker was killed and the government said it will remain closed in pending an investigation. The man was involved in an accident with a front loader yesterday while working at 850 meters (2788 feet) underground, Melbourne-based BHP spokeswoman Amanda Buckley said today in a interview. Read more
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PERTH – Western Australian Mines Minister Norman Moore and met with executives of BHP Billiton, on Monday to voice “deep concern” over the “persistence of security problems” at Leinster business operations.
This comes as a miner was killed at the Perseverance Mine Underground Leinster on Sunday. A spokesman for BHP Billiton said Monday that the company had suspended operations at Leinster, but was unable to provide details, such as investigations into the accident were still ongoing. Read more
Nick Mather has taken a very different purpose Solomon Gold traded around London this week, with the help of John Meyer, team aos Fairfax. Different is, the company that was here in March last couple of years. At that time Solomon has focused on Guadalcanal, the largest of the Solomon Islands, where he had 3000 kilometers square of exploration permits. Those of a certain age will remember the lengthy battle of Guadalcanal, the largest of the Solomon Islands, which took place in the Second World War and was the first major offensive by the Allies against Japan in 1942. The Solomon Islands lie in an easterly direction south of Papua New Guinea, Fiji and right on the edge of the fire. (more…)
All 29 workers trapped in a flooded coal mine in southwest China’s Sichuan province have been taken to safety, ending a day rescue operation, China Central Television reported.
The miners were wrapped in quilts by paramedics as they emerged from the pit to the applause of a crowd gathered at the entrance, the state broadcaster showed. Rescuers took about one hour between the release of the first and last employee.
China, the holder of the worst mine safety record in the world, is to merge small mining and closing unlicensed producers to protect workers. Last year the government closed 1,088 small coal mines which are considered unsafe, thus reducing fatalities by 18 percent to 2,631. That compared with 18 deaths in mining accidents in the U.S. in 2009. (more…)
Oil prices rose nearly 2% Wednesday after OPEC said it was not an agreement to increase oil production to reach. U.S. crude rose $ 1.68, or 1.7%, to $ 100.70 a barrel. Oil prices trading around $ 1 just before the OPEC announcement. The price of Brent crude – the European benchmark – rose 1.5% to $ 118.35 a barrel.
quarterly meeting of OPEC was widely watched by analysts. The cartel was under great pressure to increase output as oil prices approached $ 120 a barrel last month. Prices spiked on supply and demand concerns amid signs of a strengthening global economy and the ongoing violence in the Middle East. (more…)
