African Barrick ups royalty pay to Tanzania

African Barrick Gold said it will pay the Tanzanian government an additional 1% in royalty, citing the current gold price environment. The FTSE 250 miner, a unit of the world's largest gold producer Barrick Gold, said the new royalty would be in...

Paulson holds to gold ETFs in Q1, profits as prices rise

Prominent hedge fund manager John Paulson held on to his exchange-traded fund (ETF) bullion holdings in the first quarter of this year, profiting from an early surge in gold prices before the market tanked, a regulatory filing by his company...

Gold majors could hit ‘slam dunk’ with junior M&As

With the gold price remaining resiliently high, mid-tier and major producers pumping cash, and junior equities more depressed by the day, analysts say Iamgold’s purchase of Trelawney mining last week could be a sign of things to come....

Lumwana copper mine expansion on track

The expansion of Zambia’s Lumwana copper mine, with the construction of the new Chimiwungo pit, is progressing well, with equipment supplier Bateman Engineered Technologies’ (BET’s) bulk materials handling unit having delivered more than 90%...

Barrick sold 20% stake in Russia's Highland

Canada's Barrick Gold, the world's largest gold producer, sold its 20.37% stake in Russia's Highland Gold to institutional investors for 79.5-million pounds ($128-million), Highland said on Thursday. Barrick sold 66 235 264 ordinary shares in...

Rainy River bets on new Ontario gold play

Canadian gold exploration company Rainy River Resources believes it has stumbled on to a whole new gold district in northern Ontario, where it is developing its flagship Rainy River project, CEO Raymond Threlkeld said. The project, located about...

NovaGold says Galore Creek stake sale on track

NovaGold Resources said on Thursday it still expects to conclude a sale of its 50% stake in the Galore Creek copper project in British Columbia this year as it moves to focus exclusively on the massive Donlin gold project in Alaska. The...

African Barrick Gold sees deal options in 2012

African Barrick Gold (ABG) sees increased opportunities for deals in Africa as asset prices ease and potential sellers begin to consider their options in the face of a still-uncertain economic outlook, the mining company said on Tuesday. ABG, a...

State capitalism: Is it a rival to market capitalism?

Since the start of the current global economic crisis in 2008, there has been renewed interest in the concept of ‘State capitalism’, as distinct from ‘market capitalism’. (The term ‘liberal capitalism’ is shorthand for ‘liberal...

Is it a rival to market capitalism? And how does it affect the natural resources industries?

Since the start of the current global economic crisis in 2008, there has been renewed interest on the concept of “state capitalism” as distinct from “market capitalism”.

New Gold implements rights plan

New Gold, which mines the yellow metal in the US, Mexico and Australia, has adopted a new plan to protect shareholder interests in the event of a hostile takeover bid, the company said on Monday. The TSX- and Amex-listed company said the...

Cash-gushing Silver Wheaton ogles bigger deals

Silver Wheaton, which announced a $550-million profit for 2011, will be looking to do streaming deals as big a $1-billion, CEO Randy Smallwood said on Friday. Companies, which sell future silver production at a set price to Silver Wheaton to fund...