Old gold fundamentals are ‘passé’, Gold One bids for Rand Uranium, Sentula-Shanduka coal twinning

The old gold-price dynamics of “jewellery and Indian wedding seasons” are passé, forget about them, says Barrick founder Peter Munk; Gold One has made a binding $250-million cash offer for Rand Uranium;Cyril Ramaphosa’s Shanduka is buying...

Resources Watch

DRDGold plans to sell Blyvoor and ERPM to focus on surface reclamation GFMS sees the gold price topping $1 600/oz by year-end An avalanche of interest as South Africa’s minerals cadastre goes live on the Internet And, old gold fundamentals are...

Barrick stands by Equinox deal, says multiples shouldn't take hit

Both the chairperson and CEO of Barrick Gold took a firm line on Wednesday in defending the company's C$7,3-billion acquisition of copper-miner Equinox Minerals, but at the same time assured shareholders that the 'gold' in Barrick Gold is not...

Old gold fundamentals are 'passe' – Peter Munk

The traditional supply and demand fundamentals that have determined the gold price in previous decades no longer apply, Barrick Gold chairperson and founder Peter Munk asserted on Wednesday. Gold prices, which reached record highs above $1 500/oz...

The mining industry has a PR problem

Mining companies based in the US and Canada find themselves in a strange situation. With demand for commodities from China and India still red hot, and, as the rest of the world begins to clamber back from the Great Recession, most producers are...

The mining industry has a PR problem

Mining companies based in the US and Canada find themselves in a strange situation. With demand for commodities from China and India still red-hot, and as the rest of the world begins to clamber back from the Great Recession, most producers are...

Resources Watch

This week: Toronto-based Inmet could retain 60% of its Panama copper project; Barrick Gold says that gold investment demand has ‘barely scratched the surface'; and troubled Aurora inks a R750-million equity deal with a Swiss funder.

Pundits aplenty as gold eyes $1 200/oz

As the gold price sets its dogged eyes on the $1 200/oz mark again, there’s no shortage of bulls and bears barking from the sidelines. The precious metals price predictors at GFMS ruffled more than a few feathers in saying there are risks to...

Gold investment demand has 'barely scratched the surface'

Growing investment demand for gold, combined with declining mine production levels in the longer term, will continue to support strong prices for the “foreseeable future”, Barrick Gold CEO Aaron Regent asserted on Wednesday. Although demand...

Former Barrick Gold CEO Greg Wilkins dies

Barrick Gold executive vice-chairperson and former CEO Greg Wilkins has died. Wilkins, 53, passed away on Wednesday, after battling cancer since March 2008. He is survived by his wife, Vera, and children, Mark and Lauren.

Argentina celebrates mining day, Pascua Lama go-ahead

The construction of Barrick Gold's Pascua Lama project, on the border of Argentina and Chile, is expected to contribute significantly to local economic development, government officials and company representatives said this week. Barrick...

Canadian mining sector gears up for the big chill

From Vancouver in the west to the Maritimes in the east and far up into the icy extremities of the territories, Canada, like South Africa, can trace much of its economic development and identity to the roller-coaster businesses of exploration and...