Gold industry needs more consolidation, says Barrick CEO

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

대한민국 뉴스 뉴스

Mark Bristow has urged producers to invest in finding new deposits to replace reserves

CEO of Barrick Gold Mark Bristow. Picture: TREVOR SAMSONBarrick Gold’s top executive says the gold industry needs more consolidation so it can increase exploration to boost depleting reserves, lure more generalist investors and improve efficiencies.

“The industry still needs further consolidation,” Bristow said on Wednesday. “Canada still needs more work on consolidation.” Gold mining deals worth about $14bn have been completed, or agreed, so far in 2020, compared with about $26bn in 2019, according to data compiled by Bloomberg. For its part, Barrick remains interested in acquiring more so-called tier-1 assets, including Freeport-McMoRan’s Grasberg mine in Indonesia, Bristow said.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Vaping industry would welcome regulation, 'but please be scientific'Governments should regulate vaping based on a scientific approach that would allow users to be informed of the facts, say industry players.
출처: TimesLIVE - 🏆 28. / 59 더 많은 것을 읽으십시오 »