Anglo American has sealed agreements to sell two royalties to Taurus Funds Management for a maximum cash consideration of $195m.
Anglo American Announces $195-Million Sale of Onslow & Caspiche Royalties
Gold’s Bull Run Isn’t Just About Rate Cuts (Bloomberg Television)
The market appetite for gold is at a fever pitch, as inflation data softens and the Fed ramps up the dovish signaling. But it’s not simply the prospect of rate cuts underpinning gold’s bull run — an array of factors have helped vault the precious-metal to its present all-time high.
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Vicunau Investor Special to The Northern Miner: “Analysis: Rate cuts may boost mining M&A”
As summer holidays beckon, investors typically exchange their screens for a beach. However, with increased volatility in the market and more rate cuts expected this month by both the Bank of Canada and the European Central Bank, investors should gear up for moves in the market as well as increased M&A.
Barrick & Newmont JV Norte Abierto (Cerro Casale & Caspiche) Progressing
The Norte Abierto mining project , a joint venture between Barrick and Newmont in equal parts, is promoting a new initiative that was recently submitted to the Environmental Assessment Service (SEA). This is the ” Mining Prospecting Sector Casale ” project, which estimates an investment of US$52 million .
Lundin Mining: “VICUÑA: A GIANT DISTRICT IN THE MAKING”
Lundin Mining Report: A giant metal district, comprised of giant deposit clusters, is extremely rare.
Giant metal districts occur only when many exceptional and unusual geological processes coincide in one place to produce an extraordinary concentration of metals.
Major mining companies were all built around the control of one or more of the world’s great giant metal districts. They are considered the holy grail of the mining industry and the essential building block of any globally significant mining company. Well known examples of these giant metal districts include Escondida (BHP), Chuquicamata and El Teniente (Codelco); Grasberg (Freeport).
Barrick Confirms Commitment to Chile as It Reviews Its Latin American Strategy
Barrick confirms commitment to Chile as CEO Mark Bristow says “Barrick’s Chilean assets an important part of its global portfolio.”
Barrick, Goldcorp Team Up to Develop One of World’s Largest Gold Deposits in Chile
Norte Abierto Joint Venture is established comprised of two massive gold-copper assets, Cerro Casale & Caspiche, with Barrick and GoldCorp as 50/50 equal partners.
Barrick Acquires 25% of Cerro Casale at $1.9-Billion Asset Valuation
TORONTO, March 31, 2010 — Barrick Gold Corporation (NYSE: ABX)(TSX: ABX) announced today that its acquisition of an additional 25% interest in the Cerro Casale Project in Chile from Kinross Gold for $474-million.