Fresh bloodletting among gold mining stocks
Hedge funds bet record 340 tonnes the gold price will continue to fall as bears rip into majors – Barrick falls to 1989 level, Goldcorp at 11-year low.
Hedge funds bet record 340 tonnes the gold price will continue to fall as bears rip into majors – Barrick falls to 1989 level, Goldcorp at 11-year low.
He will focus on a new business venture in resources and other hard assets, said Barrick.
With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.
ESCO’s mining team is proud to make the SecureLift Lifting System commercially available today.
The code, which is yet to be formalized into law, respects clauses in existing deals, said the miner.
The Canadian miner said it expects the lower output to "adversely" impact costs at the mine.
BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.
The cuts at the Adelaide support office for the Olympic Dam operations come about six months after BHP scrapped about 90 permanent positions and 210 contractor jobs.
The Chinese firm already mines gold next door to a Phoenix deposit.