Scarcity, Extraction Costs Make Mining Consolidation Inevitable; 'Tough Slogging' in the Pits
By Alistair MacDonald and John W. Miller
Wall Street Journal
May 19, 2014 3:49 p.m. ET
The big dilemma for gold miners: There ain't much gold left.
Barrick Gold Corp. and Newmont Mining Corp. called off a planned $33 billion merger several weeks ago, trading barbs over who was to blame. But many investors said the world's two biggest gold producers are just postponing inevitable consolidation at the top of the embattled...
--
Check out http://groups.yahoo.com/group/californiadisasters/
Read my blog at http://eclecticarcania.blogspot.com/
My Facebook: http://www.facebook.com/derkimster
Linkedin profile: http://www.linkedin.com/pub/kim-noyes/9/3a1/2b8
Follow me on Twitter @CalDisasters
Read my blog at http://eclecticarcania.blogspot.com/
My Facebook: http://www.facebook.com/derkimster
Linkedin profile: http://www.linkedin.com/pub/kim-noyes/9/3a1/2b8
Follow me on Twitter @CalDisasters
__._,_.___
No comments:
Post a Comment