Keep up with the latest executive movements across the mining sector, including at Peabody Energy, SSR Mining, Alacer Gold and others.
Alacer Gold and SSR Mining have been granted final regulatory clearance for the two companies’ pending merger, which was announced in May.
Alacer Gold has merged with Canada’s SSR Mining through a $2.6 billion buyout deal, capitalising on a global surge in gold prices.
Alacer Gold has posted a large drop in profits for the first quarter of 2013, and outlined plans to cut costs in order to boost margins.
As GlencoreXstrata reports its first set of results on Tuesday since merging in May, it is predicted the company will write down the value of its Xstrata assets by as much as $US7.61 billion.
Ahead of the proposed sale of Alacer Gold’s Australian assets company chief executive David Quinlivan will step down from his position.
The lead up to this year’s Diggers and Dealers has been rife with speculation over delegate numbers and what affect the downturn would have on the formidable mining forum.
A struggling gold price has taken yet another casualty, this time its Alacer Gold which says it cannot guarantee the future of its mines beyond the middle of 2014.
Despite the gold price drop, Regis Resources is forging ahead with a plant production expansion at its Duketon project near Laverton.
WA drilling contractor, Xcel Drilling and Blasting, has commissioned a second Sandvik DP1100i intelligent drill for use in WA’s Eastern Goldfields region near Kalgoorlie – and took delivery of a third in January 2013.
Alacer Gold said it could not rule out further job cuts as it continues to review its Australian operations.