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SYDNEY-Australia's gold producers are struggling to deal with the dual blow from rising costs and falling prices, casting a shadow over earnings results that are due next month. The latest production reports from Newcrest Mining Ltd., Australia's largest listed gold miner, and the smaller OZ Minerals Ltd. Thursday pointed to higher costs and tighter margins-underscoring the challenge facing producers after gold's biggest quarterly drop in decades. Gold prices have fallen more than 20% since the start of January amid expectations the U.S. would start to taper its program of monetary easing as its economy stabilizes, putting miners of the precious ... Related Sites: http://tnxmaverick.com/

Mining is still the most important sector in South Africa's economy Most of the 80,000 miners across the sector who started striking earlier this week had already accepted an 8% pay offer and returned to work. But workers at Harmony Gold's mines in the central Free State and Northern Cape provinces were holding out for a better deal. The miners' union had been demanding a 60% rise. Employers had offered 6% - the same as the inflation rate. Harmony Gold said its employees had now accepted the pay settlement, the AFP news agency reported. Some electricity workers have also gone on an unofficial strike, leading to severe power cuts in the biggest city, Johannesburg. An extra generator has been installed near the home of former President Nelson Mandela, who arrived there on Sunday after almost three months in hospital. He remains in a critical condition. RELATED NEWS: http://www.experienceproject.com/stories/Tana-Goldfields-Articles/3379489 http://www.goodreads.com/group/105028-tana-goldfields-united-kingdom/comments/20834715-coconut-butterz