Black Hawk Mining Bulletin Articles: Small town suffers from
gold heist
Gold seems to be the soul of the region. In 1851, a mule
packer first discovered the presence of local gold and since then, mines like
King Solomon, Golden Eagle and Black Bear have thrived.
Most of the communities that belong to Mother Lode are
understandably proud of their heritage so they want to display their
collections for people to see. However, doing that comes with loads of risks
that they have to be aware of.
The county treasurer said that they can use the insurance
claim in upgrading the museum but this act does not seem enough to console the
residents. full story
Black Hawk Mining Bulletin Articles: Aus Mining Continues
Growth
In terms of gold, the average deal is valued at USD 41
million where a premium is almost 50%. Propelling the lucrative market is
Australia with 15%, United States with 14% and Canada with 49%.
Considering the bigger picture of the industry, PwC seems to
be expecting that this year will see record M&A valuations and volumes in
the mining sector worldwide.
According to the company, sovereign wealth funds tend to
have more advantage in winning transactions because of their low cost of
capital.
PwC is assuming that non-miners like sovereign wealth funds,
large pension funds and private equity might reassess their approach to the
industry and begin to participate more in M&A. full story
Black Hawk Mines Bulletin: Copper demand expected to rise
Escondida is a joint venture between Rio and BHP with a
total stake of over 87%. Almost 8% of the total world production comes from it.
Production of copper has been steadily decreasing worldwide
for the past few years, triggering an aggressive pursuance for a big copper
prospect like the Oyu Tolgoi in Mongolia and the Olympic Dam in South
Australia.
BHP is planning to release USD 2.6 billion on 2 projects to
increase their mining output while Rio (with their USD 1.4 billion stake) and
Japanese consortium JECO’s respective stakes are going to take care of the
rest.
Companies in the mining industry are aggressively investing
in minerals and key metals as they maintain an optimistic view that demand from
China and other developing countries will continue to grow. In order to improve
their overall output by 80%, the biggest copper mine is showing optimism
regarding the long-term demand for metals.
Last year, the mine’s produce amounted to more than 700,000
tonnes of copper. full story
