"Natural resources companies with a pipeline of, say, five projects in five different countries are now likely to build just two or three of those. Thus, executives have the power to cherry pick which combination of country and project offers the best returns."
Gold Fields Ltd. may have to settle for a shorter than planned mine life for a gold project in the Philippines due to permit restrictions, a government official said.
Nova Scotia's Natural Resources Minister, Charlie Parker, is supporting DDV Gold Ltd., an Australian gold company, over a family run Christmas tree farm that doesn't want its land expropriated and turned into an open pit mine.
Moderate net hedging by gold producers is expected for the full year, but GFMS-SocGen stressed that it did not mean a shift in management attitude towards hedging.
Kyrgyzstan's economy will grow by barely a quarter of the 7.5 percent originally forecast because of the collapse in output from the nation's flagship venture with Canada's Centerra Gold.
The three losing bids were all from the US and the deal marks a decisive shift in the commodities trading business away from Chicago and London to Asia.