recentpopularlog in

jerryking : gold   11

Can John Thornton save Barrick Gold? - The Globe and Mail
RACHELLE YOUNGLAI
Can John Thornton save Barrick Gold?
SUBSCRIBERS ONLY
The Globe and Mail
Published Friday, May. 29 2015
Barrick  gold  mining  John_Thornton  CEOs  relationships  legacies  Goldman_Sachs  boards_&_directors_&_governance  Bay_Street  Nevada  free_cash_flow 
may 2015 by jerryking
Munk's Tale
April 19, 2014 | The Economist | Schumpeter
Peter_Munk  mining  moguls  entrepreneur  Barrick  gold  serial_entrepreneur 
may 2014 by jerryking
The man with the key to China: Barrick Gold’s quest to open new doors - The Globe and Mail
Dec. 06 2013 | The Globe and Mail | RACHELLE YOUNGLAI - MINING REPORTER.

The former Goldman Sachs president has spent more than 20 years working with Chinese policymakers. He shares Mr. Munk’s vision of turning Barrick into a diversified mining giant and tapping China to join the effort...Mr. Thornton said his Barrick talks with the Chinese have been with the highest levels of the communist government right on down the system. He stresses he does not want what he calls a “transactional” or one-off deal with the Chinese. He wants to build an enduring relationship with the government...Mr. Thornton envisions Barrick first doing one “thing that is relatively modest” with the Chinese. For example, he says Barrick could consider a Chinese construction company for Pascua Lama. Mr. Thornton has not spoken to any such companies about the South American mine and says it’s only an example.

Michael Evans, a Goldman vice-chairman who worked with Mr. Thornton for years in London and Asia, describes Mr. Thornton as a hugely strategic operator who “loves flawless execution” and prefers to work behind the scenes...In the mid-1990s, Mr. Thornton got wind that the vice-premier at the time, Zhu Rongji, wanted to reform some of the country’s state-owned telecoms.

Mr. Thornton, who had taken Britain’s Vodafone public in the late-1980s, arranged for a meeting with the number 2 banker at the newly formed state-owned Chinese investment bank, a Chinese national who did not speak English.

Through a translator late at night in Beijing, Mr. Thornton said: “Here’s the real situation, you call yourself a banker and yet you know nothing about banking. I am in charge of Goldman Sachs Asia and China and I know nothing about any one of those. So we have a perfect marriage here. You’re going to teach me China and I am going to teach you banking and I am going to make you look like a hero in front of Zhu Rongji and everyone else who is important to you. And I don’t need any visibility, credit, anything. All I want to do is understand China out of this whole process.”

Mr. Thornton stressed his experience with Vodafone...
Barrick  gold  mining  John_Thornton  CEOs  relationships  Goldman_Sachs  personal_connections  Tsinghua  boards_&_directors_&_governance  barter  transactional_relationships 
december 2013 by jerryking
Hot Commodities
May 2004 | Robb Report Worth |by John Fried.

When you invest in say, copper, you have to determine whether there is too much supply of copper or too little. You have to figure out how many copper mines are being opened and how many are dpelted. Once you uncderstand those dynamics, you invest. If you inves tin the stock of a copper company, you have to look at those samle macro issues as well as corporate fundamentals. You have to worry about management, balance sheets, continuing practices, and how well the board of directors handles its pension plan . You have to worry about the overall mood of the stock market, the U.S. economy, and well as foreign economies. To me, cutting out the middle man is a lot easier....As a savvy commodities investor you must pay attention to the macro fundamentals--supply, demand, inventories--as well as the mood of the market in order to find your sell sign.
Jim_Rogers  commodities  investing  China  water  gold  market_sentiment  pay_attention 
may 2012 by jerryking
Rob McEwen: Mining magnate with a vision - The Globe and Mail
gordon pitts
From Saturday's Globe and Mail
Published Friday, Feb. 03, 2012
Gordon_Pitts  mining  Rob_McEwen  gold  moguls  CEOs  Goldcorp  silver  copper  vision 
february 2012 by jerryking
InfoViewer: Ambition that led to a pot of Uruguayan gold
31-May-2005 Financial Times article by Adam Thomson profiling Chris Clark
entrepreneur  mining  gold  Uruguay 
february 2009 by jerryking
10 Million Reasons To Give Barrick A Hand With Its Silver
September 19, 2007 Canadian Press article by ANDY HOFFMAN
discussed how Barrick is offering $10-million (U.S.) to anyone who can
help the company extract the 180 million ounces of silver at its
Veladero gold mine in Argentina. Barrick's problem at Veladero is no
laughing matter. The gold in the deposit is relatively easy to mine but
the silver is sheathed in an impermeable layer of silica and has
resisted traditional processing methods such as leaching with cyanide.
Barrick  mining  silver  gold  prizes  bounties  innovation  contests 
february 2009 by jerryking

Copy this bookmark:





to read