Boston, MA 02/05/2014 (wallstreetpr) – Newmont Mining Corp (NYSE:NEM): The trouble in Indonesia where the government is sort of changing goal posts is likely to hurt NEM’s future. And analysts cite the same for the downgrades that have been issued on the stock of NEM of late. The company did post an encouraging Q4, but those gains are overshadowed in an uncertain future. Indonesia is making fresh demands that would effectively make it get the most from its mineral endowment, yet the same demands could spell doom for NEM which had marked its Batu Hijau project in the country a top cash generator for the period of 2015/6. In any case, operations at the high-grade deposit at Batu Hijau has been a key advantage for Newmont Mining Corp (NYSE:NEM) compared with larger gold miners.
Barrick Gold Corporation (USA) (NYSE:ABX) alongside partner Goldcorp Inc have announced divestment in Marigold mine in Nevada whereby there are selling their stake to Silver Standard Resources Inc. The value of the deal is placed at $275 million. The closure of the transaction is expected to close in April, subject to certain closing adjustments. ABX owns 33.3 percent stake in Marigold mine while Goldcorp controls 66.7 percent. In 2013, ABX produced 55,000 ounces of gold in Marigold. The Toronto-based ABX is carrying on with divestitures as part of its efforts to attain maximum cash flow. Barrick Gold Corporation (USA) (NYSE:ABX) has lined up several assets for sale which include two mines in Western Australia for about AU$75 million.
E I Du Pont De Nemours And Co (NYSE:DD) has tapped AnnaMaria DeSalva to head its corporate communications in the capacity of vice president. The new communications boss will be in charge of leading, developing and executing DD’s strategic communications as well as brand management around the world. E I Du Pont De Nemours And Co (NYSE:DD) hopes that DeSalva will be instrumental in helping the company improve its global position as a creation of sustainable solutions is concerned.