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TORONTO: Barrick Gold Corp’s top executive says the gold industry needs more consolidation so it can increase exploration to boost depleting reserves, lure more generalist investors and improve efficiencies.
BUKAVU, Democratic Republic of Congo (Reuters) - Informal gold miners in eastern Democratic Republic of Congo scoured rubble on Saturday for more than 50 colleagues presumed dead after a mine collapsed under the weight of heavy rain.
NEW YORK: What does Warren Buffett see in Japan’s biggest trading companies?
With gold prices recently hitting an all-time high of US$2,070 per ounce on Aug 1, rising almost 30% this year alone, investors might wonder what is the gold rush about?
TORONTO: Gold miners in Canada keen to tap new investors are eyeing secondary listings in London and New York, underscoring pent-up demand for the precious metal from generalist funds.
JOHANNESBURG/LONDON (Reuters) - Companies mining gold in Mali said they were operating as usual while monitoring a political crisis that caused the country's borders to shut and hit their share prices on Wednesday.
BAMAKO (Reuters) - One of Mali's most influential power brokers, Mahmoud Dicko, will withdraw from politics, his spokesman said, after a meeting on Wednesday with leaders of a military coup who have promised to oversee elections within a "reasonable" time.
NEW YORK: Aian equities were poised to track Wall Street's tech fueled rally on Tuesday that saw the Nasdaq benchmark hit a fresh record while oil prices perked up on Chinese demand and hopes Sino-U.S. trade tensions were easing.
DUMPING bank shares and investing in a gold miner? It certainly doesn’t sound like a Warren Buffett move, but that’s exactly what the investing guru’s company did in the second quarter, according to a regulatory disclosure Friday. It’s not a good sign for markets.