Articles | Black Hawk Mines Bulletin

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