Mining: gold listens
Article Abstract:
Gold production in South Africa and other producer countries was falling in 1980, yet western production has increased by 83% in the 1990s. There were 43 new large mines opened from 1990 to 1996 and a further 71 are forecast from 1996 to 1999. Exploration spending has also increased and this will add to production. Emerging economies account for many of the new mines and much of the spending. Gold prices meanwhile have risen slightly after reaching a low point.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
Gold: all that glisters
Article Abstract:
Gold mining companies have seen a number of bids in 1996. Newmont Mining has bid for Santa Fe Pacific, while Homestake Mining and Santa Fe plan a friendly merger. Placer Dome is seeking to acquire Highland Gold. Exploration activity in gold mining is expensive and this is reflected in the trend toward consolidation. A drop in bullion prices has tended to reinforce this trend, and prices are not expected to recover over the short term.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: UK housing: policy options. The year that wasn't. Overseas funds buoy up UK market
- Abstracts: Riding out the crisis. Ryland: moving up a gear. Shining the family silver
- Abstracts: Gold: out of favour. Gold: still suffering. Gold: fighting back
- Abstracts: Gold, no longer such a precious metal. Gold: bull of bullion
- Abstracts: Trading up. Doing the regulation shuffle