Tag Archives: Price

South Africa Gold-Mining Companies Pay High Price to Keep Digging

JOHANNESBURG—South African gold miners have literally dug themselves into a hole, with the world’s deepest mines threatening the safety of workers and the companies’ ability to make money.

Powered for decades by the cheap labor of apartheid, the country’s deepest gold mines plunge almost 12,000 feet below the earth’s surface—and have provided nearly half the gold bullion and jewelry ever produced.

But as miners have dug ever deeper to retrieve what remains of the world’s largest gold deposits, they have faced an economic and moral conundrum: Gold at these depths is costlier and more dangerous to mine.

South Africa’s three largest gold miners by market capitalization reported collective losses of about $543 million last year, as global gold prices remain some 40% below…

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EDITORIAL: A restored West Side regional library is worth the price of a painting

So we understand those who object to selling a large painting by famed African-American artist Kerry James Marshall to restore a West Side library to …
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Commentary: Tourism Matters: Mitigating price hikes

Adrian Loveridge has spent 46 years in the tourism industry across 67 countries, as a travel agent, tour director, tour operator and for the last 24 years as a small hotel owner on Barbados. He served as a director of the Barbados Hotel and Tourism Association, and as chairman of the Marketing Committee. He also served as a director of the Barbados Tourism Authority and is a frequent writer on tourism

By Adrian Loveridge

Officially from today, the second airline departure tax will be levied on all flight tickets purchased, adding another US$70 per person, irrespective of age, for extra regional travel and US$35 within the Caribbean.

Time will tell of course of the impact that it will have on arrival numbers and perhaps more importantly, average spend, but clearly in certain…

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Demand for South African thermal coal up after price correction


Discounts for 5,500 kcal/kg NAR coals widen

Current stocks at RBCT climb to 5.46 million mt

London —
South African thermal coal is becoming a more attractive option to traders and buyers as prices for all grades ease from record highs in July, sources told S&P Global Platts Friday.

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Platts FOB Richards Bay 5,500 kcal/kg NAR price was assessed at $90.40/mt on July 9, the highest value since the assessment began in 2013. The price had since softened to $76.35/mt as of Thursday.

Such high levels kept South African coal uncompetitive against most other origins for the key markets of South and…

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Somewhat Positive News Coverage Somewhat Unlikely to Affect Royal Caribbean Cruises (NYSE:RCL) Share Price

Media stories about Royal Caribbean Cruises (NYSE:RCL) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Royal Caribbean Cruises earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.6764027389287 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:…

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African countries pay the price for the current global trade war [Business Africa]

US-China trade war is much more than a fight between two world powers.

US imposed tariffs on imports from China, Europe and Canada has caused weakness across stock markets globally. But it also requires Africa to rethink its future economic growth path to mitigate the impact of unnecessary trade wars.
Nigeria, Kenya and South Africa’s stock markets were largely impacted by Trump’s protectionist wave. South Africa is concerned that the U.S. is considering a new wave of tariffs that could be extended to the auto industry, which is one of the cornerstones of country manufacturing.

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