Barrick Gold Corporation (USA)(NYSE:ABX) Focused On Reducing Debt

Miner firms including Barrick Gold Corporation (USA)(NYSE:ABX) are focused on boosting efficiency and reducing debt after a 40% decline in gold prices, leaving investment bankers expecting a wave of consolidation in the coming period. Still, while merger and acquisitions activity has been at a lower side of late, major producers like Barrick Gold, and Newmont […]

Gold Leaching At Barrick Gold Corporation (USA)(NYSE:ABX)’s Veladero Mine To Remain Suspended

Barrick Gold Corporation (USA)(NYSE:ABX) reported Pablo Oritja, a judge instructed them that gold leaching at company’s Veladero mine in Argentina will stay suspended until they provide an improved technical maintenance and inspection design after a defective valve resulted in a cyanide leak. The decision Oritja initially stated a five-day halt to the gold leaching operations, […]

Newmont Mining Corp (NYSE:NEM) Running Out Of Time For Renewing Indonesian Copper Export Permit

Bambang Gatot, the Director General of the Ministry of energy and mineral resources’ Coal and Minerals department in Indonesia said recently that Newmont Mining Corp (NYSE:NEM) is on time crunch in renewing its new export permit here. The mine ministry officer said that the U.S. miner needs to submit its official progress report to the […]

Newmont Mining Corp (NYSE:NEM) Becomes the Leading Sustainable Mining Company

Newmont Mining Corp (NYSE:NEM) has been bestowed upon with the prestigious honor of being titled as the industry leader by “Dow Jones Sustainability World Index”. This was the ninth time, in a row, that the company made it to the prestigious list. The list included a total of 317 companies, from around the world. Furthermore, […]

Newmont Mining Corp (NYSE:NEM) Ranked Mining Industry Leader by DJSI World

Newmont Mining Corp (NYSE:NEM) performance was recorded as one of the best performances among the 10% of the largest companies in the world. The company was ranked by the leading Dow Jones Sustainability World Index as the leader in mining industry in terms of overall sustainability. With this, the company got featured on the index […]

Newmont Mining Corp (NYSE:NEM) Halts Copper Output At Batu Hijau Mine In Indonesia

Boston, MA 06/03/2014 (wallstreetpr) – Newmont Mining Corp (NYSE:NEM) announced that it had brought the production of copper concentrate at its Batu Hijau mine based in Indonesia to a standstill. The company undertook this action as an impasse continues over contentious mining rules that have suspended concentrate exports since mid-January. Storage Facilities Complete Newmont Mining […]

Newmont Mining Corp (NYSE:NEM) digs up profits by cost cutting

Boston, MA 11/04/2013 (wallstreetpr) – Recently, the management of Newmont Mining Corp (NYSE:NEM) announced their third quarter report in which it was mentioned that the company has managed to experience a 11 percent rise in profits. In the third quarter report, the company managed to get a profit rise of 11 percent despite a percent […]

Newmont Mining Corp (NYSE:NEM) Scales Down On Copper Output Forecast

Boston, MA 10/14/2013 (wallstreetpr) –  As the gold market went cold, Newmont Mining Corp (NYSE:NEM) pegged hopes on copper to stay out of the red line. But it now seems even copper doesn’t behave well. The company has announced trimming its earlier production target in 2013. In a previous forecast, NEM has 150-170 million pounds copper […]