Interview mit Brent Cook über wirtschaftliche Lagerstätten und attraktive Übernahmeziele im Junior-Sektor

Informatives Interview mit dem legendären Geologen Brent Cook - credit to SNN:

Quelle: SNN, Sprott

Quelle: stockcharts.com

Quelle: stockcharts.com

Interview mit dem neuen CEO von Goldcorp

Hier ein hörenswertes Interview mit David Garofalo auf der 25th Global Metals & Mining Conference von BMO:

Quelle: BMO

BHP Billiton kürzt Fahrplan für Eisenerz-Produktion, Aktie im freien Fall

Im Hinblick auf die globale Angebotserweiterung im Eisenerz-Sektor ist die jüngste Kürzung bei BHP marginal. Die Aktie des Minengiganten fiel im australischen Handel heute auf ein neues 10-Jahrestief..

BHP cuts full-year iron ore guidance

Jan 19 2016, 17:26 ET | About: BHP Billiton Limited (BHP) | By: Carl Surran

BHP Billiton (NYSE:BHP) says Q4 iron ore production rose 1% Y/Y to 57M tons and trims its full-year iron ore guidance after its Brazil joint venture was halted following November's fatal dam breach.

BHP now sees iron ore production in the 12 months to June 30, 2016, at 237M metric tons vs. a July estimate of 247M tons; Vale, the joint owner of the Samarco venture that has been halted since the dam failure, last month cut its full-year output guidance by as much as 10%.

BHP shares hit their lowest levels since May 2005 today, hit by tumbling commodity prices and the $4.9B after-tax writedown on the value of its U.S. shale oil and gas assets flagged late last week.

Link: http://seekingalpha.com/news/3038396-bhp-cuts-full-year-iron-ore-guidance?app=1&uprof=44#email_link

Quelle: bigcharts.com

Barrick Gold erreicht starken Deal: Teil-Verkauf der großen Zaldívar Kupfer-Mine in Chile für 1 Mrd. USD in Cash, neue Partnerschaft mit Major Antofagasta

Finally some good news für den angeschlagenen und tief gefallenen Branchengiganten Barrick Gold (NYE:ABX). Dieser Deal wird die angespannte Bilanz-Situation (> 12 Mrd. USD Schulden) beim weltgrößten Goldproduzenten zumindest etwas entlasten:

Barrick Announces Sale of 50 Percent of Zaldívar Mine, Formation of New Partnership with Antofagasta Plc

TORONTO, ONTARIO--(Marketwired - July 30, 2015) -

All amounts expressed in US dollars

Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) ("Barrick" or the "company") today announced that it has reached an agreement to sell a 50 percent interest in the Zaldívar copper mine in Chile to Antofagasta Plc ("Antofagasta") for a total consideration of $1.005 billion in cash, forming a new partnership with one of the world's leading copper companies.

"The sale of 50 percent of Zaldívar is consistent with our strategy to create long-term value for our shareholders. By selling a stake in this non-core asset, we strengthen our balance sheet while maintaining significant exposure to a strong cash-generating operation," said Kelvin Dushnisky, Co-President of Barrick. "Following a highly competitive auction process, we are pleased to reach an agreement with the ideal partner for Zaldívar. Antofagasta has an outstanding track record of building and operating mines in Chile, and we see this as the first step in an ongoing, collaborative partnership. There are many potential opportunities to benefit from Antofagasta's experience as Barrick evaluates development projects in the future."

"We are enthusiastic about partnering with Barrick at Zaldívar. Together, we believe that we are well positioned to enhance the long-term value of the Zaldívar operation through our collective best practices," said Diego Hernandez, CEO of Antofagasta. "We have consistently been impressed with the workforce at Zaldívar, and look forward to partnering with them. We also look forward to exploring other opportunities to collaborate with Barrick in the future."

Details of the Zaldívar transaction..

Link: http://www.marketwired.com/press-release/barrick-announces-sale-50-percent-zaldivar-mine-formation-new-partnership-with-antofagasta-nyse-abx-2043781.htm

Quelle: stockcharts.com

Die 10 größten Öl- und Gas-Konzerne der Welt

Informative Visualisierung- credit to VisualCapitalist. Hier noch der Link zur großen Grafik: http://www.visualcapitalist.com/the-worlds-10-biggest-oil-and-gas-companies/

Quelle: visualcapitalist.com

Neues Interview mit Branchenlegende und Spekulant Rick Rule

Lesenswerte Zeilen - credit to CEO.CA:

Famed mining speculator Rick Rule on takeovers, technology and politics

POSTED ON MAY 07, 2015 BY TOMMY HUMPHREYS
CATEGORY RICK RULE, SPROTT GROUP,

“Are you a contrarian or are you a victim?” Rick Rule

Today we are talking about liberty, social media and the securities business with Rick Rule, the best communicator in the mining investment business, and the chairman of Sprott USA, the world’s leading natural resources and precious metals investor..

Link: http://ceo.ca/2015/05/07/famed-mining-speculator-rick-rule-on-takeovers-technology-and-politics/

Neues Interview mit dem legendären Investor und Mining-Tycoon Lukas Lundin

Der renommierte Top-Investor und Mining-Mogul Lukas Lundin aus Schweden wird dieses Jahr auch die PDAC 2015 in Toronto besuchen. Folgend das letzte, hörenswerte Kurz-Interview mit dem erfolgsverwöhnten Contrarian:

Quote:

Lukas Lundin likes to attend the PDAC “when people are a bit worried”

POSTED ON FEBRUARY 24, 2015 BY TOMMY HUMPHREYS
CATEGORY LUKAS LUNDIN,

Haywood Securities Managing Director of Investment Banking Kevin Campbell interviewed Lukas Lundin for a pre-PDAC message from Lundin, the billionaire Swede mining and oil tycoon whose Lundin Gold and the Ecuadorian Government are co-sponsoring the event..

Link: http://ceo.ca/2015/02/24/lukas-lundin-attend-pdac-when-people-are-a-bit-worried/

Neues Interview mit Rick Rule über geopolitische Spannungen, Kapitalmärkte und den Rohstoff- & Minensektor

Credit to CEO.CA und Sprott:

Rick Rule: “We Haven’t Seen Capitulation In Natural Resources Yet”

POSTED ON FEBRUARY 12, 2015 BY TEKOA DA SILVA
CATEGORY RESOURCE STOCKS, RICK RULE, SPROTT GROUP,

During a period of polarizing precious metals and industrial commodity pricing, Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments—opining on global counterparty risk, resource capital markets, capitulation, and more..

Link: http://ceo.ca/2015/02/12/rick-rule-we-havent-seen-capitulation-in-natural-resources-yet/

Neues Interview mit Branchen-Guru Rick Rule: "Speculative Profits Are Made On The Delta Between Stupidity & Fact"

Recommended:

Quote:

Sprott's Thoughts

Thursday, December 4, 2014

Tekoa Da Silva

Rick Rule: Speculative Profits Are Made On The Delta Between Stupidity & Fact

>>Interview with Rick Rule (MP3 Download)

During a time in which downward volatility of the junior resource sector has resumed in force,Rick Rule, Chairman of Sprott U.S. Holdings was kind enough to share a few comments.

When asked if we’ve seen the ultimate capitulation in junior resource markets yet, Rick noted that,“We haven’t had a capitulation yet… we’re beginning to see the types of market volatility, rabid moves up and down on no volume, that are normally the “rattle” of the rattlesnake of capitulation. But the market hasn’t followed through yet, and I think that’s a consequence of the recent strength in the gold price..”

Link: http://www.sprottglobal.com/thoughts/articles/rick-rule-speculative-profits-are-made-on-the-delta-between-stupidity-fact/

Minenbranche, Länder- und Investment-Risiken: Rio Tinto appelliert an die G20-Staaten

Sam Walsh, CEO von Rohstoff-Gigant Rio Tinto (NYE:RIO), sieht in der aktuellen Krisenphase für die Minenbranche nicht nur enorme Herausforderungen, sondern auch große Zukunftschancen:

Rio Tinto’s Walsh urges G20 leaders to reduce investment risk

14TH NOVEMBER 2014       BY: ESMARIE SWANEPOEL

EMAIL THIS ARTICLE      © REUSE THIS

Photo by Bloomberg
Rio Tinto CEO Sam Walsh

PERTH (miningweekly.com) – Mining giant Rio Tinto CEOSam Walsh has called on the delegates attending the G20 summit in Brisbane, Australia, to support investment in their various countries by supporting the vision of economic growth and reducing investment risk..

Link: http://www.miningweekly.com/article/rio-tintos-walsh-urges-g20-leaders-to-reduce-investment-risk-2014-11-14

Calibre Mining, B2Gold: Start des Diamanten-Bohrprogramms auf dem Minnesota-Goldprojekt in Nicaragua

Calibre Mining (TSX-V:CRB) gibt heute weitere postive News bekannt. Das mit Spannung erwartete Diamanten-Bohrprogramm auf dem Minnesota-Goldprojekt wurde zusammen mit dem Projekt-Partner B2Gold (TSX:BTO) gestartet.

Ein kurzer Überblick der jüngsten Explorations-Highlights und ein Ausblick auf den anstehenden Newsflow.

Highlights On the Minnesota Gold Project soil, rock, channel, trench and auger sampling has defined a surface gold anomaly more than three kilometres in length Recent trenching on the northern area of the Minnesota gold target intersected 93.5 metres grading 1.65 g/t gold in an altered intrusive and the zone is open in both directions. Previous sampling in the central area of the Minnesota gold target returned channel samples including 8.0 metres grading 6.35 g/t gold and 9.2 metres grading 4.17 g/t gold open in both directions The Phase 1 Drilling Program will commence at the end of October, 2014 and will include an estimated 1500 metres of diamond drilling in 10 to 12 drill holes

Upcoming News Flow 

1. Results from the B2Gold/Calibre Mining Joint Venture (Diamond Drilling UNDERWAY)
2. Additional Diamond Drilling Results with IAMGOLD/Calibre on the Eastern Borosi Concessions (Diamond Drilling UNDERWAY)
3. Trenching Results on the 100% owned Montes De Oro Gold Project where trenching results include 33m grading 2.1 g/t gold, 27m grading 4.9g/t gold and 52m grading 7g/t gold

Quelle: calibremining.com

Quelle: calibremining.com

Link zur aktuellen Firmen-Präsentation: http://www.calibremining.com/s/CorporatePresentation.asp

Quote:

Interview mit dem Chairman von Calibre Mining: Starke Fortschritte und großes Interesse an den lukrativen Goldprojekten in Nicaragua

Link: http://rohstoffaktien.blogspot.de/2014/10/interview-mit-dem-chairman-von-calibre.html


Quote #2:

Calibre Mining mit Meilenstein-News: Branchen-Legende Pierre Lassonde kommt an Bord

Link: http://rohstoffaktien.blogspot.de/2014/09/calibre-mining-mit-meilenstein-news.html

Interview mit dem Chairman von Calibre Mining: Starke Fortschritte und großes Interesse an den lukrativen Goldprojekten in Nicaragua

Calibre Mining gehört zu den ganz wenigen Goldaktien weltweit, die trotz des Einbruchs im Goldminensektor in den letzten Wochen, eine herausragende Performance abgab.

Der Junior-Goldexplorer CalibreMining (TSX-V:CXB) schreitet mit großen Schritten in der aufstrebenden Goldminennation von Nicaragua voran. Die Explorations- und Bohrprogramme laufen nach Vorstellung und lieferten auch in den letzten Wochen starke Ergebnisse.

Sehen Sie z.B. die News vom 24. September, in der Calibre eine weitere Entdeckung von hochgradigen Goldmineralisierungen bekanntgab: Calibre Mining Announces Additional Drilling Results at the Eastern Borosi Gold-Silver Project, Nicaragua, including 6.5 Metres Grading 16.9 g/t Gold, Link: http://www.calibremining.com/s/News.asp?ReportID=675655

Die starken Resultate in der Projektexploration und die noch besseren Aussichten auf die Entdeckung hochgradiger Goldvorkommen mit guter Qualität, kurbeln das Interesse an Calibre Mining seit vielen Monaten an. Nicht ohne Grund sind Goldproduzenten wie B2Gold Corp. und IAMGOLD als Projektpartner bereits eingestiegen und investieren zweistellige Millionensummen in die Exploration.

Mit dem Einstieg von Branchenlegende Pierre Lassonde (Gründer und Chairman von Franco-Nevada), der rund 11% an Calibre mit einer strategischen Finanzierung in Höhe von 2 Mio. CAD übernahm, hat sich das Interesse an der aussichtsreichen Gold-Story nochmals schlagartig erhöht.

Die Entwicklung von Calibre's Aktienkurs ist im Vergleich zum Goldminen-Sektor in diesen Tagen eine wahre Augenweide:

Quelle: bigcharts.com

Folgend mein jüngstes Interview mit dem Chairman von Calibre Mining, Douglas Forster:

Oliver Gross (OG): Long story short. What are Calibre’s current investment highlights? 

Douglas Forster (DF): Calibre has partnered with well-known mid-tier producing gold companies, B2Gold and now recently IAMGOLD.  Each partner is currently active and is spending significant capital to earn-in respective optioned concessions located in the prolific past producing Mining Triangle of Nicaragua. B2Gold, Nicaragua’s largest gold producer and Calibre Mining have a (51%/49%) joint venture.  

Calibre has granted B2Gold an option to increase their project ownership from 51% to 70% interest by spending an additional $6M. B2Gold has also recently increased their corporate share ownership in Calibre from 10% to 15.2%. B2Gold is very active on the property with a new gold discovery at the bulk tonnage gold target, Minnesota Gold Project where trench results have returned 62m grading 1.76g/t gold.  With continued success Calibre expects a drilling decision and anticipates B2Gold will elect to drill this target before the end of the year.

IAMGOLD executed an option agreement on adjacent concessions with Calibre in May 2014 to earn a 51% interest by spending $5M over 3 years with an additional option to increase to 70% interest by spending another $5M over 3 years.  Each option also comes with $450,000 in cash payments to Calibre.  

IAMGOLD has already initiated a 3400 metre diamond drilling program and the first results returned 4.8m grading 25.7g/t gold and 6.0m grading 14g/t gold.

OG: Why should investors buy Calibre now?

DF: Calibre has two very active partners with potential for significant discovery and both of these, as well as our 100% owned project, are expected to generate further news flow in 2014.  B2Gold is targeting bulk tonnage mineralization on the Minnesota Gold Project where they are actively trenching and auger drilling a 1.75km x 1.25km gold in soil anomaly following-up on the initial discovery trench of 62m grading 1.76g/t gold.

IAMGOLD is completing a 3,400m diamond drilling program targeting a series of well defined structural targets with initial results returning 4.8m grading 25g/t gold and 6.0m grading 14g/t gold.  President and CEO, Greg Smith states: “This is a very encouraging start to the drilling program on the Eastern Borosi Project.  Drilling has intersected the mineralized structure in every drill hole and this first set of assay results includes a number of high-grade gold intercepts.  The drilling program is progressing on schedule and on budget and additional assay results will be released when available”.

In addition, Calibre has a large 100% owned land package with a discovery at the Montes De Oro gold project where the company has identified a 400m by 650m anomaly which includes trenches grading 52m at 7.0g/t gold, 27m at 4.9g/t gold and 33m at 2.1g/t gold.  This is a high priority drill ready target and Calibre is now evaluating options including the possibility of bringing on another well funded partner.

OG: What can we expect in view of news flow and progress during the next months? 

DF: Calibre and our partners continue to explore and build on recent discoveries on the Borosi Concessions.  This mineral rich district remains under-explored and has excellent potential for additional gold-silver-copper discoveries.  We expect additional diamond drilling results from IAMGOLD for the remainder of the Phase I, 3,400 meter, program.  B2Gold contunes to advance the Minnesota Gold Project and we can expect additional trench results and with contriunued success a drilling decision.  Calibre will be making a decision on how to advance the 100% owned Montes De Oro either bringing in another new partner or potentially working on the project ourselves.  On-going work at Montes de Oro includes additional rock sampling and a ground magnetic survey.

OG: Why is Nicaragua a lucrative and save place to invest?

DF: Nicaragua has a very long mining history with a strong mining law and pro-mining investment climate.  Nicaragua is rated the safest country in Central America with modern infrastructure.  Calibre’s partner B2Gold is one of the major employers in Nicaragua and is the largest exporter of gold.  Finally, from a geological perspective Nicaragua is one of the most prospective and prolific regions which is now attracting significant foreign investment from well-known producing gold companies.  The country remains extremely underexplored.

OG: Junior gold market YTD- the situation for the most gold companies remains very challenging and your stock is trading near the 52 weeks high resulted by your strong progress during FY2014. When do you guess we will see a stronger recovery and how/why will Calibre benefit?

DF: We believe we have adapted appropriately to the market conditions by partnering our projects with well-known, cash flow positive mid-tier gold companies.  This stategy has reduced our burn rate ensuring that Calibre will have minimal share dilution while continuing to advance our projects.  Our partners remain confidently optimistic about the geological potential and are therefore spending significant capital which provides good news flow for the investors.

We anticipate markets to remain volatile for several months, however the companies that have low overhead and active programs with new discoveries will be the ones that will reap the immediate benefits.  We anticipate the junior market to begin its recovery once gold prices start to break through $1300 and the macro landscape for hard assets firming up.  Once this begins Calibre will benefit from having significantly advanced projects in a safe jurisdiction with well-known partners spending capital and creating exciting news flow.

OG: Please give us some more insights into your first-class investor base and your strong story supporters.

DF: First and foremost management is a significant investor with approximately 10% ownership.  Our partner B2Gold not only has an active program underway on the ground within a joint venture structure but also now owns 15.2% after recently increasing their equity position over the past few months.  In addition we have significant institutional ownership and coverage with well-known analysts including Exploration Insights (Brent Cook) following the company.

Werfen Sie für weitere Informationen einen Blick in die aktuelle Firmenpräsentation: http://www.calibremining.com/s/CorporatePresentation.asp

Quelle: calibremining.com

Quote:

Calibre Mining mit Meilenstein-News: Branchen-Legende Pierre Lassonde kommt an Bord

Der legendäre Branchen-Guru, Top-Entrepreneur und Drahtzieher von etlichen Erfolgs-Stories - Mr. Pierre Lassonde - kauft sich in Gold-Explorer Calibre Mining (TSX-V:CXB) ein, der seine Goldprojekte im Mittelamerika-Staat Nicaragua u.a. mit dem wachtumsstarken Goldproduzenten B2Gold (TSX:BTO) vorantreibt..

Link: http://rohstoffaktien.blogspot.de/2014/09/calibre-mining-mit-meilenstein-news.html

Gastbeitrag von CEO.CA: Neue Top-Chance im lukrativen Energiesektor in Nordamerika - Aveda Transportation and Energy Services

Lesenswerter Beitrag von CEO.CA mit Fokus auf einer aussichtsreichen Juniorfirma namens Aveda Transportation and Energy Services (TSX-V:AVE) - einem jungen Spieler im lukrativen und relativ krisenresistenten Servicebereich der Energiebranche in Nordamerika, die durch das Fracking einen enormen Boom erlebt.

Aveda ist das neuste Venture des legendären Investors und Öltitans Dave Werklund, der mit seinen erfolgreichen Deals Milliardär und einer der einflussreichsten Geschäftsmänner in der Branche geworden ist.

The U.S. shale revolution is underway: This drill-rig mover, backed by a Canadian oilpatch titan, is poised to capitalize

POSTED ON OCTOBER 08, 2014 BY TOMMY HUMPHREYS
CATEGORY AVEDA TRANSPORTATION AND ENERGY SERVICES, FEATURED INTERVIEW,

According to legend, during the great California and Klondike gold rushes, it was the service providers — those who sold pans and pickaxes — who made the most money, not the miners.

Fast-forward to 2014 and the still-rising shale energy boom is moving the United States ever closer to energy independence. This means drilling activity is skyrocketing — and will continue to be heavy for years.

Meet the Calgary-based energy billionaire planning his next fortune moving drilling rigs, rather than finding properties to use them on. He’s the driving force, you could say, behind an energy services company that is largely under the radar, and will be attending a conference I’m co-hosting Thursday afternoon in Vancouver (Details).

Calgary businessman and oilfield industry leader David P. Werklund (Aveda Transportation and Energy Services photo)

Growing up on a farm in rural Alberta gave energy entrepreneur Dave Werklund a strong work ethic, core values and a “can-do,” problem-solving attitude.

As a young man, he was a boots-on-the-ground “operations guy” who started out as a production manager for Shell. He leveraged values instilled on the farm and strong firsthand field experience into a career building businesses in the energy services sector.

“I can generally recognize a real opportunity when I see it,” Werklund says.

That’s an understatement, given the Calgary-based businessman’s track record. In 1984, Werklund founded a small oil waste treatment company called Canadian Crude Separators (CCS) with an initial investment of $50,000. The market cap was about $8 million.

By the time he took CCS private in 2007 in the largest trust privatization in Canadian history, it had an enterprise value of more than $3.5 billion. CCS successor Tervita now does more than $5 billion in business annually..

Link: http://ceo.ca/2014/10/08/the-u-s-shale-revolution-is-underway-this-drill-rig-mover-backed-by-a-canadian-oilpatch-titan-is-poised-to-capitalize/

Quelle: bigcharts.com

Calibre Mining mit Meilenstein-News: Branchen-Legende Pierre Lassonde kommt an Bord

Der legendäre Branchen-Guru, Top-Entrepreneur und Drahtzieher von etlichen Erfolgs-Stories - Mr. Pierre Lassonde - kauft sich in Gold-Explorer Calibre Mining (TSX-V:CXB) ein, der seine Goldprojekte im Mittelamerika-Staat Nicaragua u.a. mit dem wachtumsstarken Goldproduzenten B2Gold (TSX:BTO) vorantreibt.

Ein großer Firmen-Meilenstein für Calibre, ein solches Kaliber für die Story gewonnen zu haben. Alleine der große Name von Lassonde - u.a. Founder und Chairman von Branchenführer Franco-Nevada (NYE:FNV), ex-Präsident von Newmont Mining (NYE:NEM) und Director beim WGC - und sein einzigartiges Kontaktnetzwerk werden Calibre viele Türen öffnen, wodurch sich die Perspektiven für den Gold-Explorer schlagartig massiv verbessern.

Der Aktienkurs explodiert heute um über 30% auf ein neues 52-Wochenhoch.

Calibre Announces $2,000,000 Strategic Financing By Pierre Lassonde Representing An 11% Stake In The Company

Link: http://www.calibremining.com/s/News.asp?ReportID=674805

Quelle: bigcharts.com

Quote:

Calibre Mining und B2Gold: Aufstrebende Gold-Discovery in Nicaragua

Der kanadische Junior-Explorer Calibre Mining lässt mit einer Aufstockung der Beteiligung durch B2Gold aufhorchen und treibt seine Projekte massiv voran..

Link: http://www.rohstoffenews.de/calibre-mining-und-b2gold-aufstrebende-gold-discovery-nicaragua/



Quote #2:

Royalty-Leader Franco-Nevada: Großer Gewinner der Krise in der Minenbranche sichert sich weitere Liquidität

Mit einer vollen Kriegskasse wird sich der Führer der aufstrebenden Royalty- und Streaming-Branche nach weiteren aussichtsreichen Deals in der Minen- und Juniorbranche umsehen..

Link: http://rohstoffaktien.blogspot.de/2014/08/royalty-leader-franco-nevada-groer.html

Branchengröße AngloGold Ashanti: Umstrukturierungs- und Ausgliederungs-Pläne kommen an der Börse vorerst nicht gut an

Der drittgrößte Goldproduzent der Welt, AngloGold Ashanti (NYE:AU), überrascht den Markt heute mit einer tiefgreifenden Meldung. Das verblasste Anglo-Imperium soll massiv umgebaut werden und eine massive Kapitalerhöhung soll dem einstigen Erfolgskonzern auf die Beine helfen.

Die Kursreaktion spricht Bände. Im frühen US-Handel verliert die AngloGold-Aktie mehr als 15% an Wert und zieht damit natürlich auch die großen Goldminen-Indizes wie den Amex Gold Bugs Index (HUI) nach unten. Diese Kursreaktion ist primär auf die mehr als 2 Mrd. schwere KE-Ankündigung zurückzuführen.

Hierzu ein aktueller Beitrag von mining.com:


AngloGold Ashanti shares plummet on spin off announcement

Cecilia Jamasmie | September 10, 2014

AngloGold Ashanti’s (JSE:ANG) (NYSE:AU) shares dropped as much as 13% Wednesday after the world’s third-largest gold producer by volume revealed a major restructuring involving a plan to raise $2.1 billion in a rights issue and spin its international assets into a new London-listed company.

The announcement comes amid a slump in gold prices, which have fallen by a third in the past three years and helped drive AngloGold to $2.2 billion net loss last year.

The gold producer has also struggled with mounting energy and labour costs in South Africa, where it produces around one-third of its gold annually.

The miner, which gets about a third of its production from South African operations, said it would partially demerge 35% of the “newco” to its shareholders and would initially retain a 65% controlling interest in the entity.

The miner, which gets about a third of its production from South African operations, said it would partially demerge 35% of the “newco” to its shareholders and would initially retain a 65% controlling interest in the entity.

The spin off will take place in the first half of 2015 with the capital raising taking place beforehand, AngloGold said.

The plan is the largest shake-up to be undertaken by a gold company since the sector was hit by the severe fall in the price of the precious metal over a year ago.

The Johannesburg-based company’s move follows mining giant BHP Billiton's (ASX:BHP) recent decision to split some of its less profitable assets into a new Australian-listed company. Fellow gold miner Gold Fields (NYSE, JSE:GFI) also split its South African assets into a new company called Sibanye Gold (JSE:SGL )(NYSE:SBGL) in 2013.

Barrick Gold (TSX, NYSE: ABX) and Newmont Mining (NYSE:NEM), the two largest gold producers by output, held talks earlier this year over a potential merger, which would also have seen them spin off lower earning international assets to concentrate on their combined holdings in North and South America..

Quelle: http://www.mining.com/anglogold-shares-plummet-on-spin-off-announcement-86214/

Quelle: bigcharts.com

Quelle: bigcharts.com