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January 24, 2013
07:25 EDTRIO, VALE, AAUKY, NEM, ABX, KGCNew 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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October 30, 2014
17:25 EDTNEMNewmont expects FY14 total gold production of 4.7M-5.0M ounces
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17:21 EDTNEMNewmont reports Q3 adjusted EPS 50c, consensus 16c
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15:30 EDTNEMNotable companies reporting after market close
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12:46 EDTNEMNewmont Mining weekly volatility increases into Q3 as gold trends lower
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12:03 EDTNEMStocks with call strike movement; NEM YHOO
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06:12 EDTVALEVale reports Q3 net loss $1.44B
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October 29, 2014
17:35 EDTABXBarrick Gold sees FY14 total production 6.1M-6.4M gold oz
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17:33 EDTABXBarrick Gold reports Q3 adjusted EPS 19c, consensus 17c
Reports Q3 revenue $2.6B, consensus $2.5B. Reports Q3 production 1.65M ounces of gold.
10:00 EDTVALEOn The Fly: Analyst Downgrade Summary
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08:02 EDTVALEVale downgraded to Underperform from Neutral at Credit Suisse
Credit Suisse downgraded Vale to Underperform with a reduced price target of $11 from $12.50. The firm believes shares still reflect optimistic expectations for full delivery of iron ore expansion and have yet to be adjusted for weaker end user steel demand and commodities deflation.
October 28, 2014
13:59 EDTVALEChanos covered some shorts in Brazil, Reuters reports
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October 27, 2014
10:00 EDTNEMOn The Fly: Analyst Upgrade Summary
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05:57 EDTABX, NEMNewmont Mining upgraded to Overweight from Neutral at HSBC
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October 26, 2014
19:47 EDTVALEBrazil's Rousseff wins second term as president, WSJ says
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October 24, 2014
07:25 EDTVALEVale volatility elevated as shares trend lower into Brazil elections
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October 23, 2014
11:38 EDTVALEStocks with call strike movement; FB VALE
Facebook (FB) March 90 call option implied volatility decreased 3% to 35, Vale (VALE) March 12 call option implied volatility decreased 3% to 33 according to IVolatility.
06:27 EDTRIORio Tinto extends tenure of CEO Sam Walsh, CFO Chris Lynch
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October 21, 2014
17:52 EDTKGCKinross Gold announces sale of Fruta del Norte Project in Ecuador
Kinross Gold is pleased to announce that it has entered into an agreement with Fortress Minerals Corp., a member of the Lundin Group of Companies, to sell all of its interest in Aurelian Resources Inc. and the Fruta del Norte project in Ecuador for US$240M in cash and equity. Kinross will receive US$100M-US$190M in cash, depending on the net proceeds from Fortress' announced equity financing, of which affiliates of the Lundin Family Trust have committed up to US$100M. The balance of the purchase price will be paid in Fortress equity. The transaction is subject to certain conditions, including Fortress shareholder and stock exchange approval, the granting by the Ecuadorian Government of an 18-month extension period from transaction closing to provide time for Fortress to carry out additional project feasibility work and development negotiations, and other customary conditions for a transaction of this nature. The Government of Ecuador has indicated its support for the transaction. Kinross and Fortress, and certain of their wholly-owned subsidiaries, have initialed bilateral agreements with the government, which are subject to the approval of the Ecuadorian Attorney General, which is also a condition of the transaction. The transaction is expected to be completed by mid-December 2014.
October 20, 2014
06:17 EDTNEMNewmont Mining upgraded to Buy from Neutral at Citigroup
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