martes, 25 de septiembre de 2018

Barrick to buy Randgold for $18.3B forming giant global gold miner

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Mining News Digest
Tuesday 25 September 2018
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The new Barrick, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be the world's top bullion producer by both value and output.

The transaction includes the acquisition of three producing mines and an advanced stage project.

Gold is set to surge over the next year as concerns deepen about the widening U.S. budget deficit.

Few gold mines can operate profitably below 1 gram a ton which is equivalent to extracting two teaspoons of gold from a Statue of Liberty's worth of ore.

BHP Billiton said on Monday its Kalgoorlie nickel smelter has been closed after a fire that broke out over the weekend and the plant will remain shut while it assesses the damage.

Coronado files IPO prospectus, sets A$4-A$4.80 price range.

Finnish mining technology company Outotec will pull out of Iran due to the new U.S. sanctions.

Belgian zinc producer Nyrstar issued a profit warning last week, citing "adverse market conditions".

Malaysian media reported the newly-elected coalition government will shortly begin a three month evaluation of the company's rare earths processing operations in the province of Kuantan.

Alkane's Board has approved the development of the underground mining operations at its Tomingley Gold Operations.

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