Barrick’s growth plan for non-IPO mines has its risks
BARRICK Mining’s business outside North America offers growth from assets including Lumwana and Kibali, but Reko Diq remains the main source of doubt in the group’s growth plans.…
Barrick’s $1.95bn Newmont deal clears path to IPO
BARRICK Mining has cleared a significant hurdle ahead of its proposed North American IPO after reaching an agreement today with rival Newmont to expand their Nevada Gold Mines…
Barrick steps up Ebola precautions at Kibali mine
BARRICK Mining has introduced heightened precautions at its Kibali gold mine in the Democratic Republic of Congo’s Haut-Uele province following an outbreak of the deadly Ebola…
Barrick launches $3bn buyback ahead of spin-off
BARRICK Mining said it planned to repurchase $3bn of its shares in an effort to reward shareholders ahead of the proposed spin-off of its North American operations, later this…
Congo reopens mining talks amid smuggling crisis
THE Democratic Republic of Congo has reopened negotiations with mining companies as it seeks to recover billions of dollars lost through gold smuggling, the country’s new mines…
Barrick wants deal with Mali rather than “badly run legal fight”
THE shutdown of Loulo-Gounkoto in Mali was weighed heavily on Barrick Mining Corp.’s first quarter with its CEO Mark Bristow saying he’d prefer a negotiated settlement with the…
Barrick open to “slight skewing” of benefits to end Mali dispute
BARRICK Gold will agree to a “slight skewing” of economic benefits from mining in Mali’s favour as it sought to resolve a tax dispute with the West African nation’s interim…
Barrick will do M&A my way says CEO Mark Bristow
BARRICK CEO Mark Bristow confirms that he and his chairman John Thornton are “100% on the same page regarding merger and acquisition (M&A) activity and that page is my page.” He…
Why some gold companies don’t believe in M&A
A asked at the recent London Indaba conference to explain why he opted to become a non-executive after 12 years at Barrick Gold, chairman John Thornton replied: “What does…
Bristow’s life-long crusade against the dilutionary and the delusionary
BARRICK Gold CEO Mark Bristow sounded off long and hard on his favourite theme – organic growth – in yesterday’s presentation of Barrick’s results for the year to end-December…
AngloGold to adopt new mining method at Obuasi after output falls
ANGLOGOLD Ashanti said it would change its mining method at Obuasi after the Ghana mine produced a disappointing third quarter performance. The mine’s gold production fell 36%…
Deal shy Bristow to break form as Barrick eyes copper
BARRICK Gold CEO Mark Bristow has been grumbling about other people’s deals for nearly three decades. Yet nearly every year the gold sector finds new ways to merge and acquire.…
Analysts are hands-off AngloGold until noise of Calderon turnaround dissipates
NEXT month signals two years since Alberto Calderon became CEO of AngloGold Ashanti. On paper, much has been achieved. The former BHP executive has cracked the whip on mine cash…
Barrick beats expectations for second quarter profit
BARRICK Gold beat analysts’ expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal, said Reuters in a…
AngloGold to pare Brazil portfolio following year-long asset review
ANGLOGOLD Ashanti said today it would look to sell Brazilian mine Córrego do Sítio (CdS) while another mine in Brazil, Serra Grande could also be sold in time. This is following…
AngloGold keeps it steady but CEO Alberto Calderon rows against tide of inflation
ANGLOGOLD Ashanti elected to retain its Córrego do Sítio operations (CdS) in Brazil operated by subsidiary AGA Mineração after failing to attract a buyer with “the right ESG…
AngloGold in talks to sell Córrego do Sítio to Jaguar Mining, says report
ANGLOGOLD Ashanti is in discussions to sell its Córrego do Sítio operations in Brazil which are operated by subsidiary AGA Mineração, according to a report by Mining.com. The…
Signs Calderon efficiency drive is taking hold after AngloGold posts strong production quarter
ANGLOGOLD Ashanti reported strong year-on-year production and cost control for the third quarter, suggesting the efficiency drive implemented by Alberto Calderon – CEO since July…
Bristow targets the last of Barrick’s legacy headaches before weighing his future
IT was no surprise Mark Bristow, CEO of Barrick Gold, delayed his retirement. After saying shortly after the merger of his Randgold Resources with Barrick that he might give…
AngloGold pays windfall first half dividend after Congo mine profits unlocked
ANGLOGOLD Ashanti passed through some of the long awaited cash out of its Congo mine Kibali to shareholders today announcing it would pay a 29 US cents per share first half…