Mining and Mines Prayed
24-08-2010 generalActuality and clippings of press on the golden mining and news on gold-mines. Information about the gold on a global scale. Articles about finds and golden deposits. Information of the mine-layers on the extraction and golden production. The auriferous market in only one paginates, being this way his informative gold-mine first hand of investment.
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23-08-2010 he observes
Sudan - 200.000 persons in fever of the gold
Thousands of peasants dressed in dusty tunics and that take earphones over his handkerchiefs, check the rocky and almost lunar desert of the north of Sudan, through which a real golden fever lives.
“There are at least 200.000 persons being employed at this new activity in Sudan”, indicated the minister sudanés of Mines, Abdel Baqi to the Jaylani, adding that it talks each other of “the fever of the gold, as in the United States in the XIXth century”.
19-08-2010 EP
The USA - ICS acquires 100 % of Excelsior Springs Gold Property (Nevada)
ICS Copper Systems Ltd. has signed a lease agreement with Timberwolf Minerals Ltd to acquire the lease rights on 100 % of the property Excelsior Springs Gold in Esmeralda County, Nevada, the USA.
Excelsior Springs Gold Prospect, included Buster Mine, locates in the county of the area west - center of Esmeralda County, Nevada, to approximately 50 miles WSW of Goldfield, Nevada. The brochure locates in a belt of Precambrian metasediments to Cambrian inserted between the lobes Sylvania and Palmetto of a compound assumption plutonium. The plutonium and the inserted metasediments lodge many small gold-mines, mineral deposits in the surface, prospects and anomalous gold in the rock that defines a belt rich in regional gold of at least 700 square miles. Excelsior Springs is located centrally inside this golden belt. Goldfield District, with a production in the step of more than 10 million golden ounces, resides to approximately 45 miles to the this - north one of the property. Tonopah District, with a production in the past of 2 million golden ounces and approximately 100 millions of silver ounces, gets ready to approximately 65 miles to the North-East.
11-08-2010 PMIGold
Ghana - 153 meters of 2,37 g/t of gold in Obotan Gold Project of PMI Gold
The nucleus HQ and NQ registered, saw and muestreó in situ, with half of the samples sent to the SGS Laboratory in Tarkwa, and was analyzed as for the gold by means of an essay to fire AA in a 50 grams sample. Where visible gold was perceived, half of the nucleus was evaluated after the geologic record and photo. The results of the program QC suggest that the registered results are precise. The interceptions calculated with a minimal cut of 1,0 g/t Au to the beginning and at the end of the interception and allowing not more of ten consecutive meters of less than 1,0 g/t Au of internal dilution. The interceptions superior to 10,0 g/t Au meters registers separately. The grade interceptions for width of less than 10,0 g/t Au meters did not register. The real widths are estimated in close to 70 % of the established length of the nucleus.
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06-08-2010 the Avant-garde
Ghana - The fever of the gold of another west
His particular fever of the gold lives through West Africa. In the last 10 years Ghana, the principal producer in the area, has increased his numbers of extraction 53 %. But not only it is Accra. Mali and Guinea, which have doubled his production in a decade, register a new league of actors of the golden metal in African key: Burkina Faso, Côte d'Ivoire, Senegal, Níger, Sierra Leone and Liberia also extract gold of his subsoil. If there join the numbers of the whole region, he would be the seventh world producer.
The report of the March, 2010 of the counsel Ambrian was going further away:
“In a few years the region will be the second world producer behind China”.
06-08-2010 the Reason
Africa - The curse of the African natural resources
90 % of the benefits generated by the industry and the production of the continent comes across.
The gold, the diamonds, the oil and the coltán keep on being the jewels of the crown of a world economy that he says to begin being supplied with more abstract resources. Nevertheless, nobody has forgotten Africa, at least anybody who wants to prosper really.
And it is natural: the poorest continent of the world lodges 50 % of the world reservations of gold, 45 % of diamonds and 80 % of the “gray gold” (coltán) with that there are made the mobile, ordering phones and missiles.
Only 10 % of the benefits of the extraction of the natural resources remains in the continent to put on weight to the elites, and to a great degree to finance to the guerrillas and militias of opposition that usually control the golden and diamond mines, and without whose "permissions" no transnational corporation - of at least 39 that denounced United Nations already 8 years ago - might begin or continue his work extractora.
08-03-2010
Zimbabwe - nationalization Law provokes fear between investors
The fragile recovery of the economy of Zimbabwe runs the risk of remaining reduced to nothing immediately after a new law defended by the president Robert Mugabe, who imposes on the foreign companies to transfer 51 % of his capital to local hands. From the publication of this “law of nationalization” at the beginning of February the bag of Zimbabwe fell down 10 % and the actions of the mining groups lost 20 %. This legislation, which came into force on the 1st of March, gives a term of 5 years to all the companies with a capital superior to 500.000 dollars so that most of his actions go on to zimbabuenses hands. British bank groups, like Barclays or Standard Chartered, are concerned, as the foreign mining companies Impala Platinum, AngloPlatinum or Rio Tinto. “For the foreigners it is a sign that he says to them that it is not a country in which it is necessary to invest in this moment”, there estimated Anthony Hawkins, teacher of the university of Harare.
02-03-2010 Reuters
Fund BlackRock gets overturned to gold, copper and iron ore
The fund BlackRock, across his Global unit Mining Investments (GMI) Ltd, made sure that he bets for the gold, the copper and the iron ore, in moments in which China leads a global recovery of the markets of prime matters.
The projections of an exact supplying of industrial metals as the copper and the iron ore, combined with a robust demand of China, keep on being key considerations in the decisions of investment of GMI.
“Not only enough new offer is not coming to compensate the increase of the demand of these sectors. Apart from the aluminum, these are areas that show enough good.”
BlackRock handles the biggest mutual fund in mining of the world, with about 30.000 million dollars invested in actions of the whole world. GMI overcame in 1,8 % to the referential index of mining of HSBC in the last three months, and in 7,8 % in 2009.
GMI assumes his exhibition to the prime matters across the mining actions, more that to bet straight on the markets of the sector, which can be too volatile, in accordance with Castaway, who said that the signature normally adopts a vision from 3 to 5 years before investing.
11-02-2010 EP
Rio Tinto gains 4.872 million dollars, 32,5 % more than in 2008
The anglo-Australian mining group Rio Tinto obtained an attributable net profit for 4.872 million dollars in 2009, what there supposes 32,5 % more than 3.676 million dollars that managed in 2008. The invoicing of the mine-layer Rio Tinto reached 44.036 million dollars, 24,1 % less compared to 58.065 million dollars that entered in 2008.
The president of Rio Tinto, Jan du Plessis, emphasized that the underlying benefit of the company, which reduced 38,8 % up to 6.298 million dollars, is a "praiseworthy" result, especially in a year of “rapid changes in the macroeconomic conditions”. This way, he remembered that the company carried out in 2009 “actions decisive to re-capitalize the balance and to reduce the operative costs”. Also, he underlined that the “significant progress” of his program of divestment and the strong operative cash flow, along with other decisions, they have allowed to the company to cut his clear debt away in more than the half, up to 18.900 million dollars. “Our renewed fiscal fortitude gives us the opportunity to center on the growth by means of an investment disciplined in projects of cardinal growth”, he added.
Facing 2010, Du Plessis affirmed that the factors that led to a recovery of the prices in 2009, like the governmental measurements, the clippings of the production or the beginning of the recovery of global financial situation, will continue this year. Nevertheless, Rio Tinto realizes that the reduction of the measurements of stimulus in the whole world and the bubbles of speculative assets “they might provoke volatile nature”. “Rio Tinto is well posicionada to benefit from a sustainable recovery of the global economy”, he added.
11-02-2010 the Economist
4 reasons that do that the mine-layers are worth while in bag
The mining sector, after a fantastic 2009, has had some problems to the beginning of this exercise, and even has gone so far as to correct 20 %. Nevertheless, practically all the signatures of analyses that continue to the industry think that this movement is unjustified and think that there are many reasons for which the mine-layers are at present a big investment opportunity. Basically, the motives can split into 4: the evaluations, the return of the dividends, good perspectives of benefit and suspense already deducted in the prices, it points out the financial web
Citywire.
08-02-2010 the Economist
Digital meeting with Fernando Luque, Publisher of Morningstar in Spain
Question:
I want to invest in gold, and he had thought to do it across a fund. How does it see those that they invest in mine-layers?
Answer:
We have rating of Understudy in the fund BlackRock Global Funds - World Gold, which is our favorite inside this category of RV Sector Gold.
Also we have Understudy at the bottom of mine-layers BlackRock Global Funds - World Mining
22-01-2010 BNA
Goldcorp plans to raise production to 3,8 Moz in 2014
The Canadian mine-layer Goldcorp glides to increase the golden production to 3,8 Moz in 2014, pointed out his general manager, Chuck Jeannes. This measurement would be translated in an increase of the production of 58 % with regard to 2,4 Moz of 2009 and would come from projects that are prepared: Peñasquito in Mexico, Old People in Dominican Republic and the enlargement of the Canadian mine Network Lake, in addition to the development of the bordering deposit Cochenour, in which a scope study is realized.
The entire budget of the company for exploration and the first stages of growth for 2010 comes to 130 million US dollars, while the capital expense will add 1.500 million US dollars. The production projection for this year comes to 2,6 golden Moz.
21-01-2010 Alainet
Guatemala - Why to be opposed to the metal mining? (III)
On having taken position in favor or against the metal mining, generally it is done from the economy or the ecology. Another point of view still not explored thoroughly, it is political. With it we do not refer to the ideology of the government of shift, since from openly neoliberal (BREAD, GHANA), up to that they sailed under other flags (DCG, FRG, JOINS) they have given his support open or watched to the mining and have used - with different tones - the speech of the same one as “engine of the development”.
19-12-2009 expansion
To make use of a weak dollar of an indirect way in actions of mines
From December, 2008 the dollar has fallen down concerning 20 %, a collapse that has served as catapult at the cost of other assets: gold, American, emergent exporters … One of them has been the gold. The funds that they invest straight in this metal of an indirect way in actions of mines are doing it especially well this year.
The category of funds of prime matters has revalued in the exercise more than 70 % thanks to this impulse, with products specializing in gold, overcoming extensively this percentage as Pioneer Funds-Gold and Mining.
16-12-2009 SCO
Golden producer Eldorado closes acquisition of But Gold
The Canadian producer of gold Eldorado Gold announced that it completed the acquisition of But Gold Mining Limited, the mining international company and explorer of bigger gold in China. The mining company with head office in Vancouver, which previously 20 % of But Gold acquired, said at the end of August that he was gliding to buy all the remaining actions of the mine-layer with head office in Australia. The recent acquisition of all the ordinary shares in circulation of But Gold they give as turned out a golden producer with a combined capitalization of market for 7.260 million dollars.
Going forward, one hopes that the combined entity should concentrate on the gold and it will have a significant presence in China and Turkey, including several mines in production, as well as exhibition in Greece and Brazil.
01-12-2009 Reuters
Kinross will buy assets in South America but he will avoid Venezuela and China
Kinross Gold might buy assets in South America and of the North, Russia and Ghana, but it will be supported out of what he considers countries of major risk to be Venezuela and China. Kinross increased his production of a constant way in the last years, but at the beginning of this year it was forced to reduce his production projections for 2009, and now he waits for 2,2 million ounces of golden equivalent.
27-11-2009 Barrick/Newmont
Mine-layers foresee golden production fall despite shot with prices
After an increase in 2009, the golden production in the world will fall down again in the next years, resuming the tendency observed from the beginning of the decade, there foresee the giants of the mining sector. This descent “is definitely one of the factors” that will help to increase in the long term more prices of the gold, which flies of record in record for more than one year impelled principally by the weakness of the American dollar, affirms Vincent Borg, spokesman of the Canadian group Barrick Gold, the first producer of the planet. “It is not because the prices of the gold beat records that our 26 mines will be able to produce more overnight”, warned the spokesman of Barrick Gold. At least, Barrick and Newmont foresee that his production will increase in 2010, in nearly 7 % the first one and 5 to 10 % the second one.“ In general, after the discovery of an economically viable deposit, they need from seven to 10 years before initiating the production”, remembers for his part Omar Jabara, of Newmont. In 2009, the world mining production should increase in 3,7 %, to approximately 2.500 tons, managing to cover only two thirds of the world demand. Historically, the deficit on the market is covered with the recycling of the gold and the sales of the big central banks. In the future, an increasing part of the offer will come from the already existing gold - it is already in the shape of pieces, ingots or jewels - and consequently it will be limited.
14-11-2009 the Economist
Africa, in hands of the Chinese dragon
It continues the large-scale offensive of China in Africa. In the Forum of Cooperation China - Africa (FOCAC) the Asian giant has not curtailed efforts to prop up the strategy that guarantees his access to the natural resources and the future supply of prime matters. Only in the first 6 months of this year, the big public corporations of the energy sector have invested already 60.000 million Dollars (almost 40.000 million Euros) in assets or development rights in mines and oil-bearing companies of the black continent. The last operation certified a mining investment for 7.000 million Dollars (4.660 million Euros) in Guinea-Conakry. The tentacles deployment in the shape of investment and large-scale commerce happens the length and breadth of the continent, especially in countries rich in minerals and oil like Angola, Sudan, Nigeria, Zambia and Democratic Republic of the Congo, between others.
12-11-2009 Barrick
Barrick might sell secondary assets to pay expansion
The mine-layer Barrick Gold Corp, major world producer of gold, might sell a nickel project in Tanzania and other secondary assets to finance other projects or procurement, said the executive president of the company Aaron Regent. In declarations, Regent pointed at the participation of 50 % of Barrick in the joint enterprise of sulfate of nickel of Kabanga, like an example of the assets that the company might sell to finance the growth in central assets. Regent said: "I think that there is greatly value that we can create there, but it is not central for us, therefore in any moment perhaps we transform it in cash and destine it to other projects or to help to finance procurement. There are other not central assets also.”
11-11-2009 Barrick
Barrick hopes that record margins in the 4th trimester of 2009 for price I pray
Barrick sees potential for record margins in the 4th trimester of 2009, in moments in which the prices of the metal touch maxima and the costs stay stable or go down. Jamie Sokalsky said: "With a price of the gold over 1.100 dollars, we might see record margins. With certainty there will be significant margins and in fact, there might be maximum benefits.” The Barrick costs have been becoming stable, with the expenses in liquid money foreseen in 450-475 dollars for ounce and even more shallows next year.
08-11-2009 rebellion
Honduras - The principal factor of the coup d'état might be the threat, for the oligarchy, of a major organization of the popular movement
He interviews Jennifer Moore, Canadian activist of Human rights and independent journalist.
HE ASKS: The mining corporations have been playing, and keep on doing it, an important role in the support and promotion to certain type of democracies opened for the foreign, free investment of a regulatory legislation. How much of this power factor could you appreciate in Honduras?
ANSWER: First of all noticing would be good that the sector of the metallic mining in Honduras is dominated by North American investors, who benefited from a climate favorable to his investments after the reforms to the law of mining, done immediately after the hurricane Mitch, in 1998. Two important signatures, for naming only two, settled in the country, Gold Corp with seat in Vancouver and Yamana Gold with offices in Toronto. In particular Gold Corp of St Martin has been much questioned for the water escasés causer decided for the communities of the area, contamination of the phreatic extras, deforestation and to have raised the skin diseases indexes and pulmonary between the local population. Combining the metallic mining and the non-metallurgy, these contribute in about a 1,5 % of the GDP of Honduras and provide in less than 0,3 % of jobs. Since it happened in many other sectors of the business; before the blow, he had proposed to Zelaya of substantial change, on the part of the government, for the mining sector. From the year 2004, the Honduran government has been trying to take reforms to the mining legíslación that were more favorable for the country and the communities and suspend new authorizations until the reforms were carried out. I understand that the President Zelaya supported this one suspension and in May, 2009 it presented a new proposal of mining law to the Congress, which between other changes was prohibiting the opencast mining, like this way also the use of poisonous substances as the cyanide and the mercury. This law proposal was calendarizada for his discussion in August. As a consequence of the blow the debate has not happened. Some analyses originated from the sectors involved with the blow and with strong interests in the mining, like the President of the National Association of Industries (ANDI), Adolfo Facusse, which members include a wide status of the industrial activity in the country, as well as the National Association of Metallic Mining of Honduras (ANAMINH), proposed that to be allowed the opencast mining by the intention of attracting the direct foreign investment, immediately after the tremendous economic losses suffered after June 28. I have listened to some other direct references on the mining interests related to the blow, but it would be sufficient to notice that the organization Rights Action informed that the company Gold Corp helped to finance the marches of some of his workers in favor of the mining in Honduras.
06-11-2009 the Reason
Bolivia - Republic reactivates mining project in Amayapampa
The auriferous mine of Amayapampa (north of Potosí) is reactivated by the injection of foreign capitals. From ends of the year 2010, the Good Mining Company Dresses SA - branch of the Australian Republic Gold Limited (RGL) - will begin producing from 80.000 to 100.000 golden ounces annually. The development will be realized opencast and for a period of 10 years, initially. The entire cost of the emprendimiento reaches them $us 59 millions, of which 24 millions were already invested in the exploration phase.
29-10-2009 BGC
Barrick Gold produces 1,9 million golden ounces in the third trimester of 2009
The Canadian Barrick Gold Corp has just published that his world golden production has reached approximately 1,90 millions of golden ounces in the third trimester of 2009, of which 510.000 correspond to South America.
29-10-2009 BGC
Barrick Gold - The income raises 11,6 %
Barrick Gold Corp., the biggest world golden producer, it has informed a clear loss in his result of the third trimester of 2009, because it has absorbed a charge for 5.700 million dollars to get rid of coverages in gold; nevertheless, his operative profit rose helped by the highest prices of the gold. After excluding a charge for 5.700 million dollars to get rid of golden coverages and some minor items, Barrick informed utilities of the third trimester of 54 cents for action, very superior to the expectation average of Wall Street of 46 cents for title. The quarterly Barrick income rose in 11,6 %, to 2.100 million dollars. The average price of achievement of the gold for the trimester was 971 dollars for ounce, an increase from 874 dollars in the same period of 2008. Nevertheless, on a clear base, Barrick, the biggest world producer of gold, noted down a loss for 5.400 million dollars, ó 6,07 dollars for action, mainly due to the charge for the coverages. This is compared with a profit for 254 million dollars, ó 29 cents for action, in the same period of 2008. Barrick said that the production during 3 months fell down 2,1 % to 1,9 million ounces, while the costs in cash lowered to 456 dollars the ounce from 466 dollars.
29-10-2009 Newmont
Newmont - The income raises 50 %
The Newmont profit doubled during the third trimester of 2009. The company brought clear profit for 388 million dollars, ó 79 cents for action, opposite to 191 million dollars, ó 42 cents for title, in the same period of the previous year. His income grew 50 %, to 2.050 million dollars. Newmont thinks that his golden production will improve about 5 10 % in 2010, principally like result of a major production in his new mine Boddington in Australia and for Batu Hijau in Indonesia.
07-10-2009 EP
A bacterium helps to the formation of the gold
This is the first direct evidence of that the bacteria are involved straight in the cycle of formation of precious metals like the gold. These results open the door for the biosensofes production: "The discovery of an induced espécifico of the gold signífica that we can now begin to develop bionsensores specifics for the gold, which will help to find to new deposits. To obtain these, we need to characterize this instigator at a level genómico and proteómico. If financing is achieved for this intention, I believe that we will be able to produce a viable bionsensor in the course of 3 to 5 years.
07-10-2009 expansion
The mine-layers propitiate new advances in the Asian bags
It was the case of BHP Billiton, the biggest mine-layer of the world, which noted down a revaluation of 3,2 % and of the producer of Australian gold Newcrest Mining, shot 6,7 %.
15-09-2009 GFMS
GFMS - The production of the mines would reach 2.502 tons
In an update of his report on the gold of 2009, the company GFMS added that the production of the mines, the most important factor of the supply, would reach this year 2.502 tons, opposite to 2.414 tons of 2008. The supply of the mines of China, the biggest world producer, increased 13 % in the first semester, to 152 tons. The supply of South Africa, which was many years the first mining country of the world, fell down in the same period to 104 tons, what turned it into the fourth world producer after Australia and the United States.
14-09-2009 Yamana Gold
Yamana updates the state of mining projects in Mexico and Argentina
He confirmed values in excess of 2 g/t of equivalent gold along almost every 900 meters long found in The Hills. The initial works of perforation of 2009 in Lupita confirmed the presence of more than 2 g/t of gold of equivalent auriferous mineralization.
13-09-2009 CapitalBolsa
Sector Materials: A Big Option
Continued weakness of the dollar favors the mine-layers and metal. Material Sobreponderamos in our portfolio European model. We see the group like a way of having exhibition to the increasing upturn expectations economic in China and in the world. Our economists in China and the strategists have turned to bulls recently something that fits well with the mine-layers.
09-09-2009 republic
The mergers between mining companies repuntarán after 2010 begins
The buys and integrations of the sector, which this year lowered more than 50 %, are going to recover in the first trimester as the prices of the metals go off. A major number of agreements will close between the most important current companies and also between the medians in ascent. For end of the first trimester of 2010, we will see in general a stronger position for the mergers and procurement.”, pointed out Eric Lilford, chief of Australian mining in Deloitte Corporate Finance, in Perth.
The prices of the metals have shot 68 % this year, what it took to Bank of America Merrill Lynch and Standard Bank Plc to announce more procurement in the mining sector. The buys have raised almost 20 % this trimester with regard to the previous one, since the Canadian Eldorado Gold Corp and the Chinese Yanzhou Coal Mining Co. agreed to acquire competitors in Australia, the biggest exporter of iron ore and coal.
“The history shows that the agreements of mergers and procurement are highly correlated by the prices movements. Naturally we wait for an acceleration in the cycle of mergers and procurement.” there indicated from Melbourne Peter Richardson, economist metal chief in Morgan Stanley.
04-09-2009 five Days
Crowdsourcing, business model of the future
Many of the companies that they have decided in favor of the crowdsourcing are conscious from that it turns out to be impossible to innovate and to keep up to date only with the internal capacities to them. Goldcorp Inc. of Canada overcame his crisis finding 110 new gold-mines putting all the confidential information in Internet for external collaborators. The same way Procter and Gamble today achieves that 7 of every 10 new products come from the public in general and not from his organization.
31-08-2009 republic
South Africa - coverage Funds buy actions of Anglogold
John Paulson, multimillionaire agent of funds of coverage, which last year gained US$2.500 million betting against a recovery of the residential market of the USA, indicated that it supports to the management of AngloGold Ashanti Ltd. Paulson, whose company manages nearly 29.000 million dollars, increased his bets to the gold increasing his participation in Gold Fields Ltd., of Johannesburgo, in the 2nd trimester and turning into the biggest third shareholder with qualifications of the company quoted in the United States. The agent of funds of coverage bought a quota for 1.280 million dollars in AngloGold, in March, and since then it extended his participation to nearly 12 %, in accordance with regulatory documents of August 12, 2009.
25-08-2009 Ivanhoe Mines
Mongolia - Change of law of taxes very important
The parliament of Mongolia has just modified the law of taxes that would allow to take mining projects benificiosos. Consequently to this news the options of the mine-layer Ivanhoe Mines raised in the NYSE (IVN) 20 % and what takes the year has already raised almost 300 %.
14-08-2009 LPG
Guatemala - The mining company Goldcorp Inc is certified by responsible use that gives to the cyanide
Goldcorp Inc. announced yesterday that the mine Marlin turned into the first mining operation in Central America in being completely certified under the International Code of Handling of cyanide for the manufacture, transport and use of cyanide in the golden production: The Code Cyanide. Marlin is the third gold-mine of the corporation Goldcorp in receiving the finished certification.
13-08-2009 Reuters
Kinross Gold - Profit of the mine-layer falls down but production raises 2nd trimester
The mine-layer Kinross Gold published that his profit of the second trimester of 2009 fell down 26 %, due to losses for the exchange rate, but his income and cash flow doubled because 3 new gold-mines extended his production. The mine-layer of Canadian gold gained 19,3 million dollars, or 3 cents of dollar for action, in the trimester finished on June 30, below the clear profit for 26 million dollars, or 4 cents for action, of the same trimester of the previous year. Excluding a loss for rate of change, of 57,5 million dollars, and some smaller games, the exact profit was 12 cents for action. The quarterly income climbed to 598,1 million dollars, from 298,7 million dollars, helped by the production of the mine Kupol in Russia and the mine Buckhorn in the state of Washington, which opened last year, as well as the Paracatu expansion in Brazil, which began in the second trimester. The production grew to 560.479 equivalent golden ounces, from 406.032 equivalent golden ounces, while the sold golden ounces raised 583.607 from 330.633. Kinross, which has mines in the United States, South America and Russia, cut his golden production forecasts away for 2009 to between 2,3 million and 2,4 million ounces, from up to 2,5 million ounces, for a slower beginning of waited in Paracatu. Kinross also possesses the property of Wolf Mars in Chile, and he said that his field studies initials they indicate that the deposits might produce possibly nearly 350.000 ounces a year and that his construction will cost nearly 500 million dollars.
15-07-2009 Kinbauri
Kinbauri Gold Corp announces union with ATW Gold Corp.
Kinbauri Gold Corp announced the signature of a binding agreement with date July 12, 2009 with ATW Gold Corp to combine two companies. The Deal ATW represents a premium of 55 % on the price of closing of the actions of Kinbauri on July 10, 2009, and a premium of 115 % on the price of closing of the actions of Kinbauri on May 8, 2009. Brian McEwen, the director of Kinbauri and member of his special Committee, declared: "The Deal of ATW delivers a significant value to the shareholders of Kinbauri and to his principal project The Vale, and we recommend to all the shareholders to join us supporting this deal”.
13-07-2009 NewDawnMining
Zimbabwe - La Mina Turk de New Dawn overcomes the golden production of 900 ounces in June, 2009
The golden production in June, 2009 was 937 ounces, or, 29,15 kilos. 2.685 golden ounces have taken place, the equivalent to 83,5 kilos during the trimester finished on June 30, 2009. Ian R. Saunders, general manager and manager, said: "I like indicating that we take a direction adapted to obtain our primary target to obtain a monthly production of gold of 1.200 ounces for the date of October / November, 2009, and on the other hand, to be able to provide funds for our exploration programs in Zimbabwe for the year 2009/2010 thanks to our operative cash flow”. New Dawn Mining Corp is a golden company novice monk who concentrates his efforts in the south of Africa. New Dawn is well established there with three mines, two plants of production, a prepared labor and with experience and important resources.
01-07-2009 AmericaEconomia
They foresee shaded perspectives in world mining
The report of PricewaterhouseCoopers (PwC) on the world mining industry, “Mining: when the way becomes difficult”, it shows that despite the economic deceleration of the fourth trimester of 2008, the mine-layers last year capitalized the strong demand of beginning of the year and the record prices to increase the income 23 %, to US$ 349.000 millions from the US$ 284.000 millions of 2007. But the operative costs kept on increasing to a valuation major than the income and the clear profit of 40 principal mine-layers reduced 14 %, to US$ 570.000 millions from the US$ 66.000 millions of 2007, added PricewaterhouseCoopers (PwC). The golden companies were least affected by the deceleration, because the price of the precious metal remained relatively high, to it was compared with that of the copper, the aluminum and other metals. The capitalization of the market of the golden signatures reduced only 20 %. In fact, four golden companies are located in the Top 10 of the mine-layers: Newmont Mining, with head office in Denver, and the Canadians Barrick Gold, Goldcorp and Kinross Gold.
25-06-2009 EP
Common shares of New Dawn begin to quote in the Frankfurt stock exchange
New Dawn Mining Corp has announced that his actions have begun to quote in the Frankfurt stock exchange under the symbol 3DM. New Dawn Mining Corp is a golden company novice monk who concentrates his efforts in the south of Africa. New Dawn is well established there with 3 mines, 2 plants of production, a prepared labor and with experience and important resources. New Dawn possesses completely the mines Turk and Angelus in the area top south-west of Zimbabwe, with a production plant at present capable of processing up to 400 tons to the day or 12.000 tons to the month; and it possesses an interest of 74 % in the property Blue Dot in South Africa, with a plant of production categorized in 180 tons a day or 5.500 tons a month. The company supports a highly experienced labor of more than 940 persons. The company has additional assets to form a portfolio of properties of exploration, and includes the properties Consolidated Bubi Gold Fields, Consolidated Midlands Gold Fields and Consolidated Shurugwi Gold Fields, all of them located in Zimbabwe.
New Dawn Mining Corp.
25-06-2009 finance
Zimbabwe - The biggest auriferous company re-opens 2 of his mines
The biggest auriferous mining company of Zimbabwe, Metallon Gold, has re-opened 2 of his 5 mines after receiving bank guarantees at the price of 15 million dollars. Two mines, How and Shamva, resumed his operations at the end of last week after assuring loans of the African Bank of Exports and Imports, with head office in Tunisia, and a local bank zimbabuense that has not been identified, that quotes declarations of the managing director of Metallon Gold, Collin Gura. Others three mines of the company will be re-opened towards ends of the year. “It will be easy for Metallon to reach an annual production of gold of 650,000 ounces”, said Gura, which he affirmed that “when the company should work to any march we will be able to go so far as to extract up to 15.000 ounces per month.”
12-06-2009 Kinbauri
Spain and his Gold-mines
It presents 2 gold-mines located in Spain to itself.
22-04-2009 finance
Mauritania - Income for golden development will multiply for 7 this year
The annual golden development income in Mauritania will multiply for 7 and will go on this way from three million current dollars, to 20 million dollars in 2009 and 2010. This substantial increase owes to the renewal of the mining agreement between the Mauritanian State and the society Tasiast Mauritanie Limited (TML) on the extension of the level of golden production during the fiscal period that concludes in 2010, added the newspaper. TML is a Mauritanian branch of the society Red Back Mining Inc., taken root in Vancouver, Canada.
06-04-2009 Cotizalia
Global Blackrock Funds World Gold Fund
The management of BlackRock World Gold Fund keeps on being a responsibility of the out-standing and experienced members of the team of BlackRock. The designated agent Evy Hambro is a key member of the team of natural resources. Birch and Richard Davis combine his experience in the field of geology with a long trajectory in the financial analysis, while Catherine Raw, another specialist in geology, devotes herself exclusively to the analysis.
23-03-2009 five Days
The big mining companies, included the golden producers, raise two digits in 2009
The sector of prime matters is the only one with profit in the Euro Stoxx. Despite the recent recovery of the quotations of the financial institutions that have led the last stock-exchange rally, the companies that are leading a more substantive change in the European Stock Exchange in what it goes of year are the companies of commodities and prime matters. After a disastrous 2008, in which the index of companies of basic resources lost 64,43 %, these have turned into the only group of the Stoxx 600 that is in positive in 2009 with an increase of 3,57 %.
The most positive side comes the hand of the big mining companies, like Stained Rio, Antofagasta and Xstrata, which there raise 36,11 %, 29,14 % and 25,59 %, respectively. And of related companies more specially to the production and golden commercialization, like Rangold, that 20,42 % gains in 2009.
20-02-2009 Reuters
Profit Barrick Gold overcomes slightly expectation analysts
Barrick Gold Corp, the biggest mine-layer of gold of the world, brought on Friday a loss in the fourth trimester for a charge for 773 million dollars for amortizations, but the results without this extraordinary effect overcame slightly the expectation of the market. Without taking into consideration the charges for amortizations, the company with head office in Toronto gained 32 cents for action, over 30 cents for that in average the analysts were waiting.
19-02-2009 Reuters
Newmont Mining Corp - The profit of the golden mine-layer overcomes forecasts
The auriferous mine-layer Newmont Mining Corp brought on Thursday profit slightly better to waited for the fourth trimester, thanks to the fact that the solid value of the gold helped to compensate a strong fall in the copper demand. Newmont, the second biggest mine-layer of gold of the world, noted down clear profit for the fourth trimester for 10 million dollars, or 2 cents for action, compared to a loss for 289 million dollars, or 63 cents for role, in the same period of the previous year.
30-01-2009 Gold Fields
The mine-layer Gold Fields increases his production 4 %
The biggest mine-layer of gold of the world, Gold Fields has communicated that his production in three months to December, 2008 raised 4 % from the previous trimester, and he predicted an increase of 14 % in the trimester to March, 2009.
20-01-2009 MEM
Guatemala - The golden extraction increased in 2008
The golden extraction increased in a 1,21 % during 2008 in Guatemala, in relation to 2007, informed the Department of Energy and Mines (MEM), in 2008 229.996 ounces were extracted troy from gold against 227.233 of 2007. In currencies the golden production increased last year in 22,8 % as regards 2007.
14-01-2009 Yamana Gold
Yamana points to 1,3M-1,4Moz of equivalent gold in 2009
The Canadian Yamana Gold foresees that it will produce 1,3M - 1,4 Moz of equivalent gold 2009 and 1,4M - 1,5 Moz in 2010 in his mines at present in production. Yamana also hopes that the Plated Brazilian mine should produce 145M-150Mlb (65.771-68.039t) of copper 2009 and 150M - 160Mlb in 2010, it indicated in a bulletin. Golden oz will produce the mine 140.000-155.000 2009 and 135.000-145.000 oz the following year, according to the estimations. The goal of the company is to produce 2,0 Moz of equivalent gold in 2012.
30-10-2008 market
Mine-layers suffer
Many mine-layers have suffered the consequences of the recent turbulency financier and the fears of a global recession. The minor prices of the gold and the copper, along with the biggest costs of the prime matters and the energy, have raised the production cost and the profit margins have fitted. The average production cost for golden ounce rose to 480 dollars, from 374 dollars in the same period of the previous year; while the average production cost for pound sterling of copper rose up to 1,98 dollars, from 64 cents of dollar.
30-10-2008 Newmont
Newmont Mining Corp - Falls down 51 % the profit of the mine-layer prayed in 3er trimester
Newmont Mining Corp announced on Wednesday a worse fall to waited in his profit of the third trimester, due to a descent in the volumes of golden sale and copper, major costs of production and minor prices of the copper. The clear utility diminished 51 %, to 196 million dollars, or 43 cents of dollar for action, from 397 million dollars, or 88 cents for role, in the same period of the previous year. The Newmont income fell down 14 %, to 1.390 million dollars. The analysts, in average, had predicted income for 1.550 million dollars.
17-10-2008 Yamana
Yamana thinks about how to duplicate production of equivalent gold for 2012
The Canadian mine-layer Yamana Gold foresees that there will increase gradually the production of 1,05Moz of equivalent gold projected for 2008 to 1,45Moz 2009, 1,51Moz 2010, 1,65Moz 2011 and 2,14Moz in 2012, he confirmed BNamericas Jodi Peake, vice-president of public relations and with investors of the company.“ We have always observed simultaneously the production and the cash flow and, especially in the middle of the current world financial situation, our plans are always to complement the growth with increases in the flow and reservation of box. The volume will be reached anyhow, but in a longer and sustainable term”, pointed out Peake. The project portfolio of growth of Yamana comes until 2012 and consists exclusively of auriferous projects. The project C1 Santa Luz, in Brazil, and the project Mercedes in Mexico, they will enter operation in 2011, while the projects Ernesto Pau Pique and Pilar De Goias, in Brazil, will do it in 2012. Yamana hopes to produce 142Mlb (64.410t) of copper 2008, 149Mlb 2009 and 160Mlb in 2010 in his gold-mine and copper Plated, in Brazil. For 2009, Yamana hired coverages for 65Mlb of copper to Us Dólar 2,98/lb, and 36Mlb to Us Dólar 2,68/lb for 2010. The company is provided with production in Brazil, Chile, Argentina and Honduras.
27-08-2008 Reuters
Gold would raise to new record in way increasing costs production
The gold would climb to new maxima because the essentials of the market have fitted, because the producers need of at least a rise of 20 % in the prices of the metal so that the new investments are viable, said on Wednesday an important funds agent. His worry for the margins of the mine-layers coincides with that of the executive president of Gold Fields, Nick Holland, who said to Mining Weekly that his company needs that the gold produces to 2.000 dollars the ounce to be able to replace his infrastructure. “The auriferous mining is a very costly and complicated business and one needs to see really a much higher price to be able to observe some increase in the golden production,” Ian Henderson of JP Morgan said. “(The gold) the ounce should have a level of supported price of more than 1.200 dollars before we see a significant growth in the mines,” he was necessary.
08-08-2008 PrecioOro
Australia - Newcrest Mining buys 30 % of development I pray in Papua New Guinea
The biggest mining company of golden development of Australia, Newcrest Mining, has acquired 30 % of the rights of development of a new project in Papua New Guinea.
25-06-2008 PrecioOro
The Philippines - Development of 7 gold-mines and copper in the Island of Masbate
The Philippine mine-layer Geograce Resources Philippines has signed an agreement with a subsidiary of the Brazilian Companhia Vale do Rio Doce (COST) for the development of seven gold-mines and copper.
02-06-2008 the Commerce
Barrick Gold - There Is a positive ambience for the good price of the gold
Barrick Gold will pay out 10 % of the US$ 200 millions that he will invest this year in the whole world to find more gold, his principal interest. At the same time, it worries because the costs to explore this metal have increased 40 % in the last 4 years.
20-05-2008 PrecioOro
Latin America is projected like one of the principal producers of gold
Latin America is projected like one of the principal producers of gold in the world, as it got rid today of VIII International Symposium of the Gold.
05-05-2008 the New Newspaper
Nicaragua sees spending the heyday of the gold on the world market?
The gold, which has been a metal of big importance for Nicaragua from times before the colony, led transnational corporations to turning his eyes towards this country, which is considered to be the richest of Central America on the subject of the auriferous mineral. Investigation must be encouraged. Nicaragua needs to raise more his investigation levels to know to true science where it has golden mineral and how many reservations the country can possess. At present the explorations are in private hands, but no company can have authorizations beyond 50 thousand hectares. On the other hand, also geologist Dionysius Rodríguez emphasizes that the country needs a review of the utilities that the transnational companies generate from the golden production, and how much for the country; and at the same time, how much he can benefit the nation of the boom that is experiencing the gold on the world market, and therefore the interest in the mining in Nicaragua also.
27-04-2008 the Nation
Costa Rica - The Mine-layer Vannessa Venturas will begin extracting gold of San Carlos in September, 2009
The golden extraction in the mine Crucitas, in the district of Cutris, San Carlos, will begin in September of next year. They will try to extract 700.000 golden ounces of the deposits located to approximately 4 kilometers of the Costa Rican margin of the river Saint John.
24-04-2008 PrecioOro
Costa Rica - Government reactivates permissions for gold-mines
The Government signed a decree that will allow the authorization of new projects of golden mining and other opencast minerals in Costa Rica. With the signature of this decree there gets up the moratorium that was current from June, 2002.
23-04-2008 Reuters
Freeport-McMoRan Copper and Gold Inc increases prognosis for prices I pray
Freeport informed that it sold 911 million consolidated pounds sterling of copper, 280.000 golden ounces and 20 million pounds sterling of molybdenum of the mines in the first trimester. In the fourth trimester of 2007, the mine-layer of copper and gold said that the operational cash flows totalized 1.300 million dollars and 6.200 million dollars last year, including a contribution of Phelps Dodge that began 20-03-2007, when both companies fused.
16-04-2008 Equilibri
Indonesia - The sector of the gold in growth
Indonesia is the seventh producer of gold of the world. The market in the country is solid, prosperous and in growth, nevertheless, inside the country, a strong lobby does not think that favorable you were extracting the investments flow. The case of Archipelago Resources indicates that the decision to invest in this sector can be very productive, although it can cause important obstacles.
02-04-2008 the New Newspaper
Nicaragua has golden entrails
On August 8, 1891, “The Popular one: From Granada newspaper of the Evening” there spread news about high carats that realized of the most important golden finds in “the pleasures of Prinzapolka”, and that then bounced in New York and in Spain with a holder that Nicaragua is still capable of producing and with major deployment: "Oh, what good country!” 117 years later, the principal mines are still for be discovering and force us to repeat this agreeable holder with more fortune that then, because: "Nicaragua is on golden wealths”. This way it was assured to END by the director of the Center of Investigations Geocientíficas of the Autonomous National University of Nicaragua, engineer Dionysius Rodríguez.
12-03-2008 PrecioOro
South Africa - golden Production fell down in January, 2008
The South African golden production fell down 16,5 % and the mining in general 10,7 % in January from the same month of last year, partly due to courts of electricity that led to some mines to closing wells.
11-03-2008 Reuters
South Africa - Project law privileges might strike golden production
The new law of mining privileges of South Africa might accelerate the slope of the auriferous production in the country, already struck by an energy crisis, he said on Tuesday the Chamber of Mines. In a presentation before to the parliament the camerawoman warned that the payment procedure in the last draft of the Project of Law of Privileges of Mineral and Oil-bearing Resources would result in payments even three times higher than those of the previous sketches.
06-03-2008 Reuters
Gold nearly 1.000 dollars is not a panacea for production
Analyst Leon Esterhuizen of Cardinal RBC Markets: An advance of the gold over the magic level of 1.000 dollars the ounce would be insufficient to encourage a production increase, before the suspense that makes a detour at the prices of the precious metal in the long term, logistic problems and project scarcity.
