Mining industry
Barrick Gold Corporation, a leading gold mining company, has been recognized as a global leader in corporate social responsibility (CSR) for the fourth consecutive year by the Dow Jones Sustainability World Index (DSJI). This achievement follows the company's commitment to prioritize CSR as a tangible business priority, as
Mining industry
Rio Tinto and Anglo American announced their decision to sell their stake in South Africa's largest copper producer, Palabora Mining Company, citing a desire to focus on larger, longer-life assets. Analysts noted that this move is part of a broader trend of companies selling smaller assets in South
Mining industry
The State Bank of Vietnam's governor, Nguyen Van Binh, announced measures to control the gold market on August 23, stating that the bank would allow more bullion imports if necessary to stabilize the market and keep prices within a certain range. The domestic price of gold has been
Mining industry
A 7.0-magnitude earthquake hit Peru on Wednesday, but major mining operations in the country have reported no disruption. Compania de Minas Buenaventura SA, one of the largest mining companies in northern Peru, claimed that its operations were unaffected by the quake. Buenaventura holds a significant stake in the Yanacocha
Mining industry
Seven Summits Research has issued critical PriceWatch Alerts for five stocks: JPMorgan Chase & Co. (NYSE: JPM), AOL, Inc. (NYSE: AOL), Public Storage (NYSE: PSA), Kinross Gold Corporation (NYSE: KGC), and Varian Semiconductor Equipment Associates Inc. (Nasdaq: VSEA). These alerts aim to provide investors with concise detailed strategies and position
Mining industry
Seven Summits Research, an independent investment research group, has issued critical PriceWatch Alerts for five stocks: Chevron Corp. (CVX), Bank of New York Mellon Corporation (BK), Host Hotels & Resorts Inc. (HST), Goldcorp Inc. (GG), and Patriot Coal Corporation (PCX). The alerts provide concise strategies for each stock, including position
Mining industry
Mundoro Capital Inc., a Canadian-based mineral exploration and development company, has announced a definitive share purchase agreement with China National Gold Group Hong Kong Limited (CNGHK) to acquire 95% of Mundoro Mining Inc.'s (MMI) issued and outstanding shares for a cash purchase price of CDN$13,800,000.
Mining industry
South African gold miners returned to work after signing a new wage agreement that will see pay rises almost double the rate of inflation. The agreement, which took effect on Tuesday, will see miners receive a 8-10% pay increase over the next two years, depending on their level of experience.
Mining industry
Canadian stocks showed resilience in the face of ongoing concerns about the European debt crisis, as the S&P/TSX Composite Index closed up 54.32 points, or 0.41 percent, at 13,234.07 on Tuesday. The materials sector was a notable performer, with the index gaining 1.
Mining industry
Global gold demand saw a significant increase in the first quarter of 2011, with a total of 981.3 tons, up 11% year over year from 881.0 tons in the first quarter of 2010. This growth was driven by an improvement in jewelry demand in key markets, as well
Mining industry
Seven Summits Research has issued PriceWatch Alerts for McDonald's Corp. (MCD), WellPoint Inc. (WLP), Goldcorp Inc. (GG), Express Scripts Inc. (ESRX), and Acme Packet, Inc. (APKT). These alerts provide concise strategies for each stock, including position protection tactics designed to help investors navigate uncertain markets. According to Reid
Mining industry
Barrick Gold Corp, the new owner of Lumwana Copper Mines in Zambia, has unveiled ambitious plans to extract 1.5 billion metric tons of copper at the Chimiwungo mining site near Lumwana. The projections were made by Lumwana general manager Adam Wright, who noted that drilling works at the site
