Goldcorp pours first gold at Argentina’s Cerro Negro mine
The miner poured the initial dole bar at a weight of 100 kilograms containing an estimated 317 ounces of gold.
The miner poured the initial dole bar at a weight of 100 kilograms containing an estimated 317 ounces of gold.
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The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.
As BHP considers the sale of almost all of the businesses that Billiton brought to the 2001 merger deal, experts say the firm is likely to end up leaving London.
The miner has agreed to form a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid asset.
The miner is now looking for new projects that will allow it to return more than 30% average value to shareholders, president Clive Newall said.
Mazumdar looks for companies able to provide asymmetrical returns.
The move is part of a now two-year-long move to shed non-core assets and pay back debts.
The temporary measure is due to a labour dispute with some of its construction workers, said the firm.
Ruling says the miner failed to assess the impact on local indigenous communities.