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  • Newmont Mining +1% on reports of increased investor pressure for break-up [View news story]
    Merging ABX and NEM would be like mixing oil and water. But breaking up NEM into smaller regional companies could make sense. The Denver headquarters costs about $80 / oz to maintain, plus probably another $80 / oz in working costs delegated to the regions. You would save those costs and allow the regions to operate more efficiently.
    Jul 11 11:46 AM | Likes Like |Link to Comment
  • Barrick Gold CEO has big plans for Nevada growth [View news story]
    Thankfully the merger talks are "finished".
    May 27 12:53 PM | Likes Like |Link to Comment
  • At least two miners are killed and more than 30 others are trapped underground after a training tunnel collapsed at Freeport McMoRan's (FCX -0.9%) massive Grasberg mining complex in Indonesia. Output at Grasberg, the world's second largest copper mine which also has the world's largest gold reserves, is not expected to be significantly affected, FCX says. [View news story]
    two guys get killed and 30 are trapped and all they say is "output is not expected to be significantly affected"
    May 14 01:12 PM | 2 Likes Like |Link to Comment
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