Newmont Mining may halt Indonesia operations
The Indonesian government plans to increase export tax on copper concentrates to 35% by January 2015.
The Indonesian government plans to increase export tax on copper concentrates to 35% by January 2015.
The company is currently waiting for its Land Use Permit and Class A Water License from the Wek'èezhìi Land and Water Board of the Northwest Territories.
The takeover battle for an Arizona mine that's not even permitted but has the potential to transform the US copper industry is turning into a humdinger.
The gold giant's ongoing dispute with Mexican landowners could affect 2014 production at its currently halted Los Filos mine.
The company stated this decrease was primarily due to lower sales volumes and lower copper prices compared to the first quarter of 2013.
Adjusted net earnings totalled $238 million or $0.20 per share, a dramatic drop from the $923 million or $0.92 per share logged last year.
"We read in the continuing reporting of the transaction in the financial press a pointed characterization of our company."
Not shareholder friendly and bureaucratic.
Steve Todoruk joined Sprott Global Resource Investments Ltd. as an Investment Executive in 2003. He focuses on investing in new discoveries – companies that have identified promising deposits that may prove to be economic.
Investors will now be watching to see if Goldcorp tries to top the joint bid.