Sunday, August 14, 2016

Austrian Mint’s Vienna Philharmonic 20 Ounce Gold Coin celebrates a 20 Year Success Story

October 30, 2009 by · Leave a Comment 

Twenty years ago in 1989 the Austrian State Mint passed from the Treasury into the ownership of the central bank. The mint was given the freedom to produce and sell products in accordance with the demands of the modern numismatic and investment markets. One of the very first innovations introduced by the new CEO, Paul [...]

American Gold Bullion

October 30, 2009 by · Leave a Comment 

Even though multitudes of American investors have lost faith in Wall Street and our nation’s banking system, they can still show their patriotism by purchasing American gold bullion, as they convert their wealth into precious metal diversification. Traditional investments in stocks and bonds have had their overextended course of contrived prosperity, now it’s time to [...]

New thinking needed on Eskom electricity tariff – Harmony

October 30, 2009 by · Leave a Comment 

South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday. The head of South Africa’s third-largest gold-mining company said that increasing the electricity tariffs by [...]

Rio Tinto doubles 2010 capex to at least $5bn

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Global diversified miner Rio Tinto has doubled its planned capital expenditure (capex) for 2010 from the previously anticipated $2,5-billion to between $5-billion and $6-billion. The miner had previously expected to reduce its capex to a sustaining level of $2,5-billion, but said on Friday that it would now spend at least $5-billion in capex in 2010, [...]

Sentula terminates R686m Koornfontein sales agreement

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JSE-listed Sentula Mining has advised its shareholders that the contemplated R686-million sale of its 49,9% interest in the Koornfontein coal mine, in Mpumalanga, would no longer take place. In a statement released on Friday, Sentula reported that notwithstanding the successful conclusion of the due diligence investigation carried out by the potential purchases, the company has [...]

Barrick still mulling over Cerro Casale numbers

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Canadian gold-miners Barrick Gold and Kinross Gold have completed a draft feasibility study on their Cerro Casale project, in Chile, but there is still some work to be done to improve the economics of the project, Barrick CEO Aaron Regent said on Thursday. “We intend to spend the next few months reviewing various options to [...]

Wits 2010 interim loss widens

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JSE-listed gold producer, Wits Gold on Friday advised shareholders that basic and headline loss a share for the six months ended August, were likely to be between 10,30c and 12,55c a share. This was compared with the basic and headline loss a share of 4,28c a share in the previous comparative period. Read more….

Debt paydown still top priority for Teck

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Vancouver-based Teck Cominco may find itself sitting a lot more comfortably than was the case six months or so, but CEO Don Lindsay made it clear on Thursday that he won’t be happy until the company’s term loan is paid down and it once again merits investment-grade ratings. One year ago, Teck borrowed $9,8-billion to [...]

For Harmony Gold, free cash flow remains elusive

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The gold digger remains precariously balanced between completing four big projects, and waiting for build up of new operating cash flows. Read more….

Rio Tinto to double capex spending next year to at least $5bn

October 30, 2009 by · Leave a Comment 

The group said the decision was taken after seeing signs of economic recovery and a decrease in its debt levels Read more….

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