Analysts said since the news from Anglo American Platinum to shutter four mines came out on Tuesday, the initial market reaction to the information was captured in this report.
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The group, led by Khumo Bathong Holdings and three other companies, gave no details of their bid for four AngloGold mines in the mineral-rich Free State province.
Barrick has four new low-cost mines coming on stream over the next four years, and Nystrom says Barrick's execution risk is low because of ownership of several mines, and that political risk is also mitigated because of geographic diversification.
But uranium mining collapsed along with the price of uranium after accidents at Three Mile Island and Chernobyl and the cancelation of 100 planned reactors in the U.S. There are now only four productive uranium mines.
He is not against the (at least partial) sale of three or four of the remaining big state banks, mines and steel-makers.
He persuaded two teachers from the school to take him on the four-hour trek. from the capital to the mines.
But is it fair for a West Virginian working in the coal mines to have to put in the additional four years?
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Hecla has traditionally been among the largest and lowest-cost silver producers in the U.S. Besides its Greens Creek and Lucky Friday mines, the company has exploration properties in four other mining districts in the U.S. and Mexico.
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Hopefully both of these mines should be operating within the next three to four years.
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Its mines are mostly in North America, and he predicts output will increase 60% over the next four years.
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