More Impairments, Violence in Africa
Jul 31, 2013
Kitco News’ Alex Letourneau shares gold producers’ Q2 earning results and issues they are facing in South Africa and Mongolia on this edition of “Mining Minutes.” Letourneau starts with Alacer Gold, which despite lower production results reports a well-performing mine in Turkey. African Barrick Gold disclosed a $727 million impairment charge from a reduction in value involving most of its mines. There are mixed reports on the progress of labor tensions in South Africa, Letourneau added. Rio Tinto’s Turquoise Hill Resources unit is still facing issues with Mongolian politics at its Oyu Tolgoi copper and gold mine. Tune in now to hear the latest mining news. Kitco News, July 31, 2013. (show less)