🔒 Miners aren’t investing despite price boom – With insights from The Wall Street Journal
“Limited spending on new projects raises concerns about future supply shortages, particularly for metals used for lower-carbon products.”
Mark Bristow
🔒 Buffett buys gold; places bet on SA mining heavyweight Bristow – Wall Street Journal
Warren Buffett has bought into gold miner Barrick, a move that has surprised his followers because he has previously been critical about gold.
SA-born Barrick chief seals premier gold mining deal
Barrick Gold may have withdrawn its pursuit of rival Newmont Mining but the hostile-takeover bid did yield a big prize: Control over the largest single gold mining operation in the world.
Nevada gold mining showdown – top gun CEOs face-off
Barrick Gold plans to proceed with a formal takeover offer for Newmont Mining, undeterred by Monday’s rejection by the target company’s board.
Flash Briefing: Huawei hits back at US, Canada; Bristow’s $18bn deal “egocentric”; Eskom pulls in private sector
Public enterprises minister Pravin Gordhan has appointed Dr Tsakani Mthombeni of Gold Fields Limited as the chairman of a new Eskom Technical Review Team.
The boy from Estcourt shaking up the gold mining world
If the $18bn hostile bid for Barrick’s North American rival Newmont gets done, Bristow will head a $42bn global giant that dwarves all other in its field – eight times the value, for instance, of AngloGold Ashanti.
When more is better – the gold mining industry shake-up
Mark Bristow’s tenure as boss of the world’s biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed.
🔒 Mark Bristow unveils plans to boost Barrick – fast! The Wall Street Journal
Mark Bristow moved to reassure investors that he is going to take immediate steps to refine the newly-merged entity formed out of Barrick Gold and Randgold Resources.
Curious partnership could revive gold mining globally
John Thornton is a Goldman Sachs alumnus educated at Yale, Harvard and Oxford. Mark Bristow is a South African geologist and big-game hunter.
🔒 WORLDVIEW: Strong biltong flavour in FTSE’s top shares of 2016
South African related companies delivered three of the FTSE 100’s top four performers and four of its top 10. In a year when so much went wrong at home, that’s surely worth celebrating.