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  • VANCOUVER/ TORONTO, July 23- North American mining stocks slumped on Thursday, stripping two global producers of hundreds of millions of dollars in value, as market-beating results failed to appease investors fed up with bloated debt and hefty capital commitments. The selloff, led by Freeport-McMoRan and Teck Resources, set the stage for a rough reporting...

  • VANCOUVER/ TORONTO, July 23- Shares of global miners Freeport-McMoRan Inc and Teck Resources Ltd took a pounding on Thursday as investors worried about balance sheets stretched by debt and capital commitments as metal prices continued to tumble. Investors must carefully scrutinize mining stocks and their debt loads, said Darren Lekkerkerker, co-manager of...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 21- What does gold have in common with iron ore and coal? The broad picture for gold is that since the spot price reached its peak of $1,920.30 an ounce in September 2011, demand has dropped as supply has risen.

  • MANILA, July 21- Gold held near its lowest level in more than five years early on Tuesday after tumbling more than 4 percent the session before in an early- Asia rout, pulling bullion below the key $1,100 support. *Spot gold was up 0.3 percent at $1,100 an ounce by 0026 GMT, after an early low of $1,096.65. *Gold's slide has helped wipe out half the gains from the last...

  • Gold's tumble poses problems for debt-laden Barrick Monday, 20 Jul 2015 | 12:59 PM ET

    TORONTO, July 20- The plunging gold price poses more challenges for Barrick Gold, the world's largest gold producer, which is already shopping its assets and raising money to try to trim debt levels that stand well above those of its North American peers. Gold fell below the $1,100 for the first since March 2010 on Monday as the U.S. dollar continued to strengthen in...

  • TORONTO/ VANCOUVER, July 20- As if slumping commodity prices and unhappy shareholders were not enough, global mining companies are also facing a looming succession crisis. "There is a shortage of potential CEOs because the industry doesn't invest in people," said Mark Bristow, the 56- year-old Chief Executive of mid-tier gold miner Randgold Resources.

  • LUSAKA, July 15- Zambia's mining industry said on Wednesday that an increase in corporate tax to 35 percent and other new tax rules will scare away investors and discourage processing to add value, and called for them to be scrapped. Last month Zambia, Africa's No.2 copper producer, approved a plan to increase the corporate income tax rate on mineral processing to...

  • June 29- Former Xstrata boss Mick Davis' X2 Resources is in "serious" talks to purchase some of Rio Tinto Plc's Australian coal assets, the Financial Times reported citing people familiar with the matter. A sale of Rio's thermal coal assets in New South Wales would be the biggest divesture by the company under Chief Executive Sam Walsh, for the past two and a half...

  • VANCOUVER, June 23- The global gold mining industry is showing signs of life as merger activity picks up and industry veterans set up new companies and hunt for projects, taking advantage of weak prices to lay the groundwork for a rebound. In the first quarter, Paris- based asset manager Carmignac Gestion bought 11.65 million shares of Goldcorp, the highest valued...

  • MELBOURNE, June 18- London copper climbed on Thursday as market expectations shifted towards a December U.S. rate hike, which dented the dollar, and suggested industry may have longer to access to cheaper capital. *The most-traded copper contract on the Shanghai Futures Exchange climbed half a percent to 41,670 yuan a tonne. *Former Xstrata boss Mick Davis' X2...

  • Newmont Mining is a prime example of how companies are responding to bleak industry conditions by building mines on a smaller scale than in the past, with the price of gold down almost 40 percent from its peak in 2011 and banks avoiding the sector. "If there's going to be something go wrong, you'd rather it go wrong after you've spent $1 billion than $3 billion or $4...

  • SINGAPORE, May 27- Gold held near a two-week trough early on Wednesday after sliding almost 2 percent in the previous session as strong U.S. data suggested the Federal Reserve may be on course to raise interest rates this year. *Spot gold was little changed at $1,188.20 an ounce by 0040 GMT. It dropped to $1,185.35 on Tuesday, its weakest since May 12.

  • VANCOUVER/ TORONTO May 26- Barrick Gold Corp's first step to long-promised partnerships with China, as well as progress in reaching an ambitious debt-cutting goal, are turning skeptical investors warmer toward the world's biggest gold miner. Barrick said on Tuesday it would sell a stake in its Porgera mine in Papua New Guinea mine to China's Zijin Mining Group,...

  • TORONTO, May 26- Barrick Gold Corp said on Tuesday it has forged a strategic tie-up with Zijin Mining Group Co and agreed to sell the Chinese miner a stake in a mine in Papua New Guinea as a first step toward further collaboration. Thornton, who took over the reins at Barrick from Peter Munk in 2014, spent years working in China after stepping down from a senior role at...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The deal, a part of Barrick's plan to reduce net debt by at least $3 billion by the end of the year, comes a day after the world's largest bullion producer sold its...

  • May 26- Canadian miner Barrick Gold Corp said it would sell 50 percent stake in its unit that manages the Porgera gold mine in Papua New Guinea to China's Zijin Mining Group Co Ltd for $298 million in cash. The unit, Barrick Niugini, owns 95 percent in the Porgera mine and the Papua New Guinea owns the rest. After the sale, Zijin and Barrick will jointly control Barrick...

  • Australia's gold miners drive M&A revival Monday, 25 May 2015 | 10:08 PM ET

    SYDNEY, May 26- Gold miners are spearheading a wave of merger and acquisition activity in Australia, riding a rebound in local gold prices to pounce on projects promising quick growth. We've seen more M&A in Australia in 2015 than in the past five years, " Ian Murray, chairman of Perth- based Gold Road Resources Ltd told Reuters, referring broadly to the level of...

  • --Clyde Russell is a Reuters columnist. The Toronto Stock Exchange- based index groups together the world's top gold producers, including No.1 Barrick Gold Corp, which is up 20.5 percent this year in U.S. dollar terms, and No.2 Newmont Mining Corp, which has gained 40 percent. The No.3 producer, Johannesburg- listed AngloGold Ashanti, is up 32 percent since the start of...

  • TORONTO, April 29- Yamana Gold Inc will change its executive pay plan to better reflect performance, the mid-tier miner told shareholders on Wednesday after they voted against the plan, a day after industry leader Barrick Gold Corp made the same promise to its unhappy investors. More than 50 percent of Yamana shareholders who voted rejected the plan, according...

  • Barrick Gold takes backseat at Australia's Super Pit Wednesday, 29 Apr 2015 | 3:15 AM ET

    SYDNEY, April 29- Canada's Barrick Gold will relinquish some management duties at Australia's Super Pit gold mine to partner Newmont Mining, in a further pull-back from operations in the Southern Hemisphere. Barrick and Denver- based Newmont have long been 50-50 partners in the Kalgoorlie Consolidated Gold Mines, which operates the Super Pit, at one stage...