Hints and tips:
...SRG Mining, a graphite miner caught in a political firestorm in Canada over a failed plan to collaborate with China’s C-One, announced in February that it would move to the UAE....
...Shares in Toronto-based Barrick have risen 60 per cent this year to trade at C$38.60....
...Shares in Barrick have risen by 56 per cent this year, giving the world’s second-largest gold miner a market capitalisation of C$68bn (US$49bn)....
...They were little changed on Wednesday following the results statement, trading at C$24.58....
...Shares in Barrick fell 1 per cent to C$16.98, while Newmont dropped by 0.3 per cent to $36. Goldcorp was down 0.3 per cent to C$14.56....
...Barrick will also pay C$5.5m to buy 36m shares in Reunion at a price of C$0.15 per share, giving it a stake of 19.9 per cent in the company....
...Barrick’s shares nearly 3 per cent on the Toronto Stock Exchange to C$18.39 in early trading....
...Copyright (c) 2019 McKinsey & Company. All rights reserved. Reprinted by permission....
...Net asset values for many gold miners were facing “a big, steep, vertical cliff”, said Mr Bristow on Monday....
...Private equity group First Reserve acquired the helicopter business for an enterprise value of C$3.7bn in 2008....
...“The industry is not in good shape with a $200 drop in price,” said Mr Bristow....
...Others can accurately echo Louis XIV’s claim, “l’état, c’est moi” (I am the state)....
...This week Goldcorp, which has come to rival Barrick as the world’s most valuable gold miner, unveiled a hostile C$2.6bn bid for Osisko, a Canadian rival....
...Rod Bristow, president of Pearson UK, agreed there was “much to be learned” from the events of last summer....
...This encourages schools to focus on C-grade students, which the report dubs “the dominance of the C/D borderline”....
...Mr O’Leary will give the eventual winner of Redemption Inc C$100,000 (US$98,000) out of his own pocket as seed capital. He says he has been impressed by the 10 finalists’ talents....
...With Anglogold Ashanti, a rival, Randgold launched a C$546m ($501m) cash-and-shares counterbid for Moto Goldmines....
...The Randgold-led cash-and-shares bid, valued at C$546m (US$488m), seeks to trump Moto’s deal with Canada’s Red Back Mining, which on June 1 announced a friendly all-share takeover worth C$513m....
...In Toronto Moto shares rose C$0.69, or 28 per cent, to C$3.09 per share....
...But instead Minera Andes turned to its largest shareholder, Canadian mining entrepreneur Rob McEwan, in a C$40m (US$32m) private placement that would put Mr McEwan in control of the company....
...It is an appropriate introduction to Swedish Lapland, a pristine, untouched and frozen landscape where winter temperatures can drop to -50°C and the night skies are filled with the world’s most spectacular...
International Edition