LionOre’s growing Australian presence
Perth, Western Australia — Australia has been good for
Normandy Mining Limited
Metals Commentary: Bright outlook for precious metals
All the key trends that have contributed to rising gold prices over the past year remain in place. The strong price recovery in commodities across all sectors continues to attract investment into prec…
Metals Commentary: Barrick’s hedging moratorium explained
The recent announcement by Barrick Gold (ABX-T) Chairman Peter Munk that the company will not consider further forward sales of gold over the next 10 years nor roll any of its hedge contracts forward …
Yandal time-bomb keeps ticking
To the consternation of its hedging counterparties and noteholders, Newmont Mining (NEM-N) is making a bold move to clean up a financial mess at its wholly owned Newmont-Yandal gold-mining subsidiary …
Pop goes the value
AngloGold, the biggest of the South African mining houses, has at last taken another run at consolidation with its bid on Ashanti Goldfields. Having lost out to Newmont Mining in the bidding war for N…
AngloGold eyes top spot with Ashanti takeover
Looking to regain top spot among global gold producers, South Africa’s AngloGold (AU-N) has entered talks aimed at achieving a merger with Ghana-based Ashanti Goldfields (ASL-N).The talks are centred …
Newmont predicts brighter future for gold
A year after it became the world’s largest gold miner as a result of merging with Normandy Mining and Franco-Nevada Mining, Newmont Mining (NEM-T) remains as bullish as ever about the yellow metal.Spe…
Newmont sees profits surge in 2002 (April 07, 2003)
Newmont Mining (NEW-N) improved its bottom line dramatically in 2002, thanks to rising gold prices and the inclusion of revenues gained though its February 2002 merger with Normandy Mining and Franco-…
Aquiline raises funds for Calcatreu in Argentina
An unsecured debt financing will provide Aquiline Resources (AQI-V) with enough funds to buy the Calcatreu gold project in Argentina.In late January, Aquiline agreed to pay US$2 million to Newmont Min…
Control of Indonesia’s KPC mine in dispute
Jakarta, Indonesia — PT Kaltim Prima Coal (KPC), a massive open-pit mine in East Kalimantan, Indonesia, is embroiled in a power struggle with local authorities. The struggle has occurred because KPC …
Barron’s mugs Royal Gold
An exceedingly negative story about Royal Gold in the March 1 edition of Barron’s knocked a painful $6 off the gold royalty company’s shares, which dipped below US$14 before recovering to US$15.46 at …
Aquiline buys Calcatreu project
Aquiline Resources (AQI-V) is acquiring Newmont Mining’s (NEM-N) Calcatreu gold project in Argentina.In return it must pay more than US$2 million over three years, with US$100,000 due on the deal’s cl…