Articles Tagged "Barrick Gold"

China’s Zijin Mining Spending Big on Copper and Gold

Gold – Zijin Mining is the China's most valuable gold producer, and the company looks to be investing more and more in mining projects outside of the country. It's putting up US$412 million for 49.5 percent of Ivanhoe's Kamoa copper project in the DRC and is buying 50 percent of Barrick Gold's Porgera gold mine in Papua New Guinea for $298 million.

Cowal Mine Sale a Plus for Both Barrick and Evolution Mining

Gold – Barrick Gold has announced plans to sell its New South Wales-based Cowal gold mine to Evolution Mining for US$550 million. The deal has been praised by market watchers and appears beneficial for both parties. For Barrick, the sale is positive in part because it fits with its current goals of lowering its debt and reducing its presence in Australia.

Next Frontiers for Over-globalized Mining Industry: Canada and US

Gold – Excessive global expansion by North American mining companies over the past several years has exposed companies to unnecessary risks and large, unexpected losses. In search of more stable political environments, companies are returning home to Ontario and Quebec, while places like Washington state, California and Oregon are attracting new investment for the first time in decades.

10 Top Gold-producing Companies

Gold – Here's an overview of the 10 top gold-producing companies of 2014, as reported by the USGS. Barrick Gold, Newmont Mining and AngloGold Ashanti round out the top three.

Mining Investor Digest: Key Issues in Financial Reporting and Analysis for Mining, Part 3

Gold – The cash adequacy ratios of seven of the world's largest gold miners show that those companies do not make sufficient revenues from their operations to sustain their existing business models. Here's a breakdown of those numbers and what they mean for investors.

Zambia Won’t Raise Mining Royalty to 20 Percent

Copper – Roughly four months after Barrick Gold halted operations at its Lumwana mine in Zambia due to higher royalties in the country, the government is set to change its decision on the royalty hike. Zambia’s cabinet has approved a proposal to drop the rate increase, according to a report from Bloomberg.

Mining Investor Digest: Reviewing the Cash Flow Statements of Major Gold Miners

Gold – This series of articles aims to highlight relevant characteristics of accounting for mining in order to help readers with no formal training or background in accounting gain a better understanding of financial reporting in mining and identify key issues in mining operations. Here we continue our review of cash flow statements.

Mining Investor Digest: Key Issues in Financial Reporting and Analysis for Mining, Part 2

Gold – This series of articles aims to highlight relevant characteristics of accounting for mining. The aim is to help readers with no formal training or background in accounting gain a better understanding of financial reporting in mining and identify key issues in mining operations. Here we continue our review of cash flow statements.