On Wednesday, Shares of Newmont Mining Corp (NYSE:NEM), added 1.98% and closed at $34.52 in the last trading session. The last trading range of the stock ranges between $33.72 and $34.79. The company’s Market capitalization is $18.20 Billion with the total Outstanding Shares of 530.59 million. During the 52-week trading session the minimum price at which share price traded, registered at $16.05 and reached to max level of $46.07. Newmont Mining Corporation (NEM) (Newmont or the Company) has designated practiced miner Andrew Woodley to lead the Company’s North America business starting on January 2, 2017. Mr. Woodley succeeds Tom Kerr who stepped down from Newmont after 32 years of distinguished service to the Company.
“Andrew is an accomplished operations and business leader with more than 20 years’ experience driving improvements in safety, productivity and sustainability,” said Tom Palmer, Executive Vice President and Chief Operating Officer. “His broad leadership experience delivering step-change improvements in mining, minerals processing and project development make him the right leader to build on our North America region’s strong performance, and to deliver our strategy – which is to improve the underlying business, strengthen the portfolio and create value for shareholders and other stakeholders.”
AngloGold Ashanti Limited (ADR)(NYSE:AU), jumped 2.55% and closed at $13.29 in the last trading session. The last trading range of the stock ranges between $12.92 and $13.53. The company’s Market capitalization is $5.49 Billion with the total Outstanding Shares of 408.20 million. During the 52-week trading session the minimum price at which share price traded, registered at $6.20 and reached to max level of $22.91. AngloGold Ashanti Ltd.’s Obuasi mine in Ghana will probably remain under the control of illegal miners because the government is reluctant to alienate thousands of potential voters before elections, according to the Kofi Annan International Peacekeeping Training Centre. The world’s third-biggest gold producer lost control of Obuasi, one of the oldest mines in the world which has been in operation since the 19th century, after informal miners have invaded the property since January. The Johannesburg-based company has repeatedly asked the West African nation to act and registered a case at the International Center for Settlement of Investment Disputes in May for the government’s failure to do so. Ghana’s Mineral Commission last week gave the illegal miners a deadline of Oct. 10 to vacate the premise and resettle on a 60 percent portion of the 485 square-kilometer mining right, which AngloGold ceded to the government in March.source bloomberg
Nucor Corporation (NYSE:NUE), lost -0.32% and closed at $47.25 in the last trading session. The last trading range of the stock ranges between $47.02 and $47.71. During the 52-week trading session the minimum price at which share price traded, registered at $33.90 and reached to max level of $57.08. In conjunction with Nucor’s (NUE) third quarter earnings release, you are invited to listen to its live conference call with host John Ferriola, Chairman, Chief Executive Officer and President. The event will be available on the Internet on Thursday, October 20, 2016, at 2 p.m. Eastern Time.