Barrick CEO says cuts to take miner beyond Thornton’s path

Mark Bristow, known throughout the gold industry for his relentless focus on costs, is counting on his belt-tightening skills to take Barrick Gold Corp. to the next level.

Bloomberg News | February 14, 2019 | 1:32 pm

Copper miner’s $10B bet comes to life in Panama jungle

Poised to supply a global market that’s tipping into deficit gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth all the trouble.

Bloomberg News | February 14, 2019 | 12:57 pm

Miners vs African governments: The fight’s just getting started

Ghanaian President Nana Akufo-Addo issued a firm warning: stop expecting supercharged profits from Africa’s mineral riches.

Bloomberg News | February 14, 2019 | 12:16 pm

Barrick Gold faces challenges to develop Latin America mines

Seven weeks into the job, Barrick Gold Corp.’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.

Bloomberg News | February 14, 2019 | 11:53 am

Strike over job losses compounds South Africa blackout woes

While South Africa has suffered electricity shortages for more than a decade, the utility is at a crisis point and is seen as the biggest threat to the economy.

Bloomberg News | February 13, 2019 | 10:50 am

SNC-Lavalin bonds weaken as S&P cuts company to cusp of junk

The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.

Bloomberg News | February 13, 2019 | 10:22 am

‘Let’s make Vale private again,’ but just not yet

State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.

Bloomberg News | February 13, 2019 | 10:03 am

Trudeau cabinet minister quits amid SNC-Lavalin controversy

The statement doesn’t offer a reason for her departure.

Bloomberg News | February 12, 2019 | 10:21 am

China scoops up more gold for reserves as global risks mount

While China’s holdings are the sixth largest by country, they account for only 2.4 percent of reserves, compared with more than 70 percent in Germany and the US.

Bloomberg News | February 12, 2019 | 10:00 am

Inside the global iron ore crisis: What’s next in four charts

Iron ore’s dramatic rally will raise costs for steelmakers, potentially crimping their profit margins, unless they are able to pass on the additional burden to customers.

Bloomberg News | February 12, 2019 | 9:46 am

Iron ore futures tumble in Singapore as Vale-driven rally frays

Vale has flagged production cuts of as much as 70 million tons in the wake of the deadly dam breach, spurring worries about a substantial loss of seaborne supply.

Bloomberg News | February 12, 2019 | 9:31 am

$58-billion Pacific mine claim seen at risk as referendum nears

The Panguna mine has an estimated 5.3 million metric tons of copper and 19.3 million ounces of gold, according to BCL, worth about $58 billion.

Bloomberg News | February 11, 2019 | 3:10 pm

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