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AUSTRALIA - Newcrest is one of the world’s top five gold mining companies by production, reserves and market capitalisation. Newcrest operates mines in four countries and the company reported a near 50% decline in its profit for the six months to December, as income was impacted by production & lower sales revenues. For the six months [...]
MELBOURNE, Australia - Newcrest is one of the world’s top five gold mining companies by production, reserves and market capitalisation. Newcrest operates mines in four countries, and has a global workforce exceeding 19,000. Newcrest Mining Limited announced its quarterly report for the period ended 31 December 2012. Major project milestones achieved Newcrest’s two major expansion projects, comprising the Cadia [...]
SIDNEY – Rio Tinto is a leading international mining group headquartered in the UK, Rio Tinto held an investor seminar in Sydney today that includes an in-depth look at its Iron Ore and Diamonds & Minerals product groups. Rio Tinto chief executive Tom Albanese said “Rio Tinto is very well positioned despite the challenging global economic [...]
AUSTRALIA – Newcrest is one of the world’s top five gold mining companies by production, reserves and market capitalisation. Newcrest operates mines in four countries, and has a global workforce exceeding 19,000. In a effort to compete with the mining GIANT, the CEO of AngloGold Ashanti (NYSE:AU) says the company is considering spinning of company [...]
Silver Lake is an ASX 200 gold producing and exploration company with a resource base of 4.5 Moz in highly prospective regions including Mount Monger and the Murchison goldfields and the Great Southern district of Western Australia. Silver Lake’s strategy is to develop large production centres at Mount Monger, in the Murchison and the Great Southern with multiple mines at each [...]
Big split: John Hancock and Gina Rinehart with daughter Ginia. Gina Rinehart’s son, John Hancock, has spoken publicly for the first time about Aboriginal elder Hilda Kickett, casting doubt on her claims that she is the illegitimate daughter of his grandfather, Lang Hancock. Mrs Kickett spoke on A Current Affair last night about her relationship with Lang Hancock. [...]
Rio Tinto is taking the next steps in its phased investment programme by committing US$4.2 billion (100 per cent basis US$6.2 billion) to develop its tier one iron ore business. The investment covers US$3.7 billion (100 per cent basis US$5.2 billion) for expansion of the industry-leading Pilbara iron ore operations in Western Australia and US$501 [...]
AUSTRALIA – As FAIRFAX Regional Media, publisher of the Manning River Times, plans the launch a new social media site this month aimed specifically at the four million women who live in regional and rural Australia. More than 78 million Fairfax Media shares, or about 3.3 per cent of the company, changed hands today, raising speculation [...]
AUSTRALIA – Gina Rinehart, the world’s richest woman, is attempting to reclaim a stake in one of Australia’s most valuable iron ore assets after a judge awarded the holding to Wright Prospecting Pty two years ago. Rinehart’s appeal of the decision to strip her of a 25 per cent stake in the Rhodes Ridge property, [...]
According too Reuters, Australia’s largest gold producer Newcrest Mining Limited has launched an expansion of its Bonikro gold mine in Ivory Coast that will allow it to triple production by 2017, according to a statement posted on the website of Ivory Coast’s ministry of mines. Bonikro, in which Newcrest owns an 89.9 percent stake, began commercial [...]
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