Tuesday, May 20, 2014

[Geology2] All The Gold Ever Mined Could Fit In A 60-Foot Cube



Scarcity, Extraction Costs Make Mining Consolidation Inevitable; 'Tough Slogging' in the Pits

By and
May 19, 2014 3:49 p.m. ET

The big dilemma for gold miners: There ain't much gold left.

Barrick Gold Corp. and Newmont Mining Corp. called off a planned $33 billion merger several weeks ago, trading barbs over who was to blame. But many investors said the world's two biggest gold producers are just postponing inevitable consolidation at the top of the embattled...

Source: http://online.wsj.com/news/articles/SB10001424052702304908304579562191180572808?mg=reno64-wsj&mod=e2tw

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Posted by: Kim Noyes <kimnoyes@gmail.com>



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