Tag Archives: mining trends
Two different gold mines in South Africa are shut down due to worker’s strikes as the nation continues to struggle with civil unrest, Bloomberg reports. The closed mines belong to Anglo Gold Ashanti Ltd, the world’s 3rd largest gold producer and Gold Field’s Ltd. Tensions are still high in wake of the deadly Lonmin Platinum miners’ strike.
In late April I sent a note to readers of Mayer’s Special Situations and included a short write-up on South American Silver written by a reader. The reader was a professional investor and made a compelling case for this silver play in Bolivia. The stock was C$1.60 per share. By various scenarios, it was hard [...]
“The world’s largest gold producer last year was actually a copper mine” Mineweb reports, citing Indonesia’s Grasberg mine producing 1.44 million ounces of gold last year. “Of the others” the article shows, “Barrick Gold dominates the list along with AngloGold Ashanti and Newmont.” The #2 producing mine was Barrick Gold’s Cortez mine, which produced 1.42 [...]
In a truly bizarre innovation, a few top Google execs are joining the likes of Ross Perot, James Cameron and other elite investors who are backing the start-up Planetary Resources Inc., a company that plans to use robots to mine for precious metals inside low-orbit asteroids, Bloomberg reports. According to the company, which plans to execute such a mission within a decade, a single metallic asteroid with a 500-meter diameter would contain more than the current total of all the extracted platinum on earth. Good luck!