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TORONTO — Centerra is the largest Western-based gold producer in Central Asia. The company announced that its 2012 consolidated gold production totalled 387,076 ounces, which includes 315,238 ounces of gold from the Kumtor mine, located in the Kyrgyz Republic and 71,838 ounces of gold from the Boroo mine, located in Mongolia. During the fourth quarter of 2012, [...]
TORONTO — Barrick Gold Corporation reported that it is no longer in discussions with China National Goldregarding its holding in African Barrick Gold and a potential 73.9% stake in ABG. “Whilst the discussions between CNG and Barrick have not led to a transaction, the process has re-emphasised the fundamental long-term value of ABG’s portfolio and the scarcity of [...]
SOUTH AFRICA - Established by the Chamber of Mines of South Africa in 1920, Rand Refinery is the largest integrated single-site precious metals refining and smelting complex in the world. The company is considering setting up a refining plant in China, a senior executive said on Friday and the refiner expects to complete a sampling and assaying [...]
TORONTO – Centerra is a Canadian-based gold mining and exploration company engaged in the operation, exploration, development and acquisition of gold properties in Asia, the former Soviet Union and other emerging markets worldwide. Our objective is to build shareholder value and to establish annual gold production of 1.5 million ounces by maximizing the potential of [...]
RUSAL is the world’s largest aluminium producer and one of the world’s major producers of alumina. The company was founded in 2000 and, following its merger with SUAL and the alumina assets of Glencore, became the global aluminium industry leader in 2007. The world’s largest aluminum producer Rusal has completed a deal with the leading [...]
JOHANNESBURG - Gold Fields Limited (NYSE & JSE: GFI) announced [In the March 2012 quarter] attributable Group production of 827,000 gold equivalent ounces, similar to the corresponding quarter a year ago [Q1 2011: 830,000 gold equivalent ounces] and 6 per cent lower than in the December 2011 quarter of 883,000 ounces. Gold Fields in March increased [...]
GOLD Fields said it would pay $110m to secure a 40% stake in the Philippines-based copper and gold prospect, Far Southeast Project. “The positive drilling results have given us the confidence to show our commitment to the project and the Philippines,” said Nick Holland, CEO of Gold Fields, in an announcement. Gold Fields brought forward [...]
VANCOUVER – If their were a “deal of the week award”, Woulfe Mining would be in the running for attracting investment from Warren Buffet to its Sandong tungsten-molybdenum project in South Korea. Muguk Gold Mine (formerly Korea’s largest gold mine)! Not Buffet personally, but IMC International Metalworking Companies, a unit of Buffet’s Berkshire Hathaway. Woulfe owns the former Sandong tungsten [...]
Representatives of the influential Bakrie family and their associate Samin Tan, who together hold 47pc of Bumi, will be in London next week to garner shareholder support for their proposals. Scott Merrilees, their mooted CFO, will be present and Mr Tan may arrive at the end of the week. The attempt to remove Mr Rothschild [...]
LONDON - As had been expected, China, already the world No. 1 gold producer, saw its output rise again this year. The country produced a record 360.96 tonnes of the yellow metal in 2011, a 5.9% increase, making it the world’s top gold producer for a fifth consecutive year, according to the China Gold Association. Meanwhile, the [...]
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