Asset manager at JPMorgan, Neil Gregson, says mining companies should pursue more takeovers as escalating costs prompt them to slow spending on expansions.
India should be doing better, according to Raghuram Rajan, a professor of finance at the University of Chicago, but bad government policy keeps stepping on the country's growth and sends its citizens back to gold.
CBC reports that Canadian Zinc (TSE:CZN) has passed another milestone in getting its zinc-silver-lead-copper Prairie Creek Mine up and running with an OK from John Duncan, the minister of Aboriginal Affairs and Northern Development.
The 49-year-old boss of the world's largest mining company took home £9.8 million ($15.2 million) last year including bonuses, pension contributions and stock options.
Singapore's sovereign wealth fund Temasek Holdings has taken up a 5.5% stake in Canada's Ivanhoe Mines valued at roughly $420 million ahead of a $1.8 billion rights offer at the miner. Early Monday Ivanhoe, already down 43% this year shed another 3.8% in value.
Surupampa comprises 800 hectares, lies adjacent to Darwin's 100%-owned Colquiloma property which comprises 450 hectares and is located 35km northwest of Barrick's Lagunas Norte gold mine (9Moz gold) in La Libertad.
What a whippy week it was. Volatility spiked and then subsided into the end of the week which meant it was a great day-trading environment but then that petered off as ranges tightened for markets and stocks into the end of the week.
