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Stock Market & Financial Investment News

News Breaks
January 24, 2013
07:25 EDTNEM, RIO, KGC, AAUKY, ABX, VALENew mining CEOs puts a hold on major M&As, WSJ reports
With about 20 new CEOs at mining companies taking over it's unlikely that will translate to any major deals for now, reports the Wall Street Journal. “There is a frequently expressed view that the demise of a number of CEOs is partly related to failed or unsuccessful acquisitions,” said Patrick Loftus-Hills, head of global metals and mining at Moelis & Co. “That puts a lot of pressure on the replacement CEO if they are wanting to make a big, bold move.”Reference Link
News For RIO;VALE;AAUKY;NEM;ABX;KGC From The Last 14 Days
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March 26, 2015
08:56 EDTRIORio Tinto CEO dismisses iron ore quota plan, Reuters says
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08:35 EDTRIORio Tinto set to cut 'at least' 1,500 jobs, Sky News reports
According to Sky News, Rio Tinto will cut "at least" 1,500 jobs as it struggles with a decline in global commodity prices. According to the report, a "substantial portion" of the jobs will be cut at the company's London headquarters, and the bulk of the planned reductions will occur at Rio's operations in Western Australia. CEO Sam Walsh last month announced a reorganization focused on "streamlining its product groups and corporate functions as part of the continued focus on efficiency and costs." Reference Link
07:13 EDTVALEVale could sell ships, rail stake before selling mining assets, Reuters reports
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March 25, 2015
13:15 EDTVALEVale initiated with an Outperform at Macquarie
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05:52 EDTVALEStocks with implied volatility movement; VALE PM
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March 24, 2015
07:28 EDTABXGold Fields may be bidder in potential $1B Barrick Gold auction, AFR says
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March 23, 2015
14:36 EDTABXBarrick Gold says Chile court rejects claims Pascua-Lama damaged glaciers
Barrick Gold announced Chile's Environmental Court has ruled that the Pascua-Lama project has not damaged glaciers within the project's area of influence. "The Pascua-Lama team is focused on resolving the project's outstanding legal and regulatory hurdles, completing a new execution plan to optimize remaining construction activities and minimizing ongoing project costs," the company said.
11:26 EDTVALEStocks with call strike movement; VALE RAD
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09:34 EDTRIOIAMGOLD to sell Diavik Diamond royalty to Sandstorm Gold for $56.8M
AMGOLD (IAG) announced that it has completed an agreement with Sandstorm Gold (SAND) to sell the Company's gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine. The Diavik Diamond Mine is owned, under an unincorporated joint venture structure, 60% by Diavik Diamond Mines, a subsidiary of Rio Tinto (RIO), and 40% by Dominion Diamond Diavik Limited Partnership, a subsidiary of Dominion Diamond (DDC). The Diavik Diamond Royalty is being sold for total proceeds of $56.8M, comprised of $52.5M cash on closing and three million five-year warrants exercisable after initial production from the Diavik Diamond Mine's A21 pipe at an exercise price of $4.50, valued at $4.3 million based on the Company's internal valuation methodology.
09:33 EDTRIOSandstorm Gold acquires royalty on Diavik diamon mine operated by Rio Tinto
Sandstorm Gold (SAND) announced that the company has acquired a 1% gross proceeds royalty over property in Lac de Gras in the Northwest Territories, Canada, including property constituting the Diavik Diamond Mine operated by Rio Tinto (RIO). Sandstorm acquired the Diavik Mine Royalty from IAMGOLD Corporation for $52.5M in cash and 3M warrants of Sandstorm. The warrants have a 5 year term, a strike price of $4.50 per Sandstorm common share and will be exercisable following initial production from the Diavik Mine's A21 pipe.
March 20, 2015
06:00 EDTABXAgnico Eagle names former Barrick Gold CFO Ammar Al-Joundi as president
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March 19, 2015
11:26 EDTVALEVale management to meet with Jefferies
Meetings to be held in Boston/New York on March 25-26 hosted by Jefferies.
10:02 EDTNEMOn The Fly: Analyst Upgrade Summary
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06:30 EDTNEMNewmont Mining upgraded to Overweight from Neutral at HSBC
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March 17, 2015
10:00 EDTAAUKYOn The Fly: Analyst Downgrade Summary
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08:39 EDTAAUKYAnglo American downgraded to Sector Performer from Outperformer at CIBC
March 16, 2015
10:02 EDTRIOOn The Fly: Analyst Downgrade Summary
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08:10 EDTRIORio Tinto downgraded to Neutral from Overweight at HSBC
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06:01 EDTABXBarrick Gold eyes sale of Chiliean Zaldívar mine, Financial Times reports
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