Talks to merge the world’s biggest gold-mining companies, Barrick Gold Corp. and Newmont Mining Corp., broke down three days ago amid minor disagreements that leave open the possibility that a deal could be revived, two people with knowledge of the matter said.
Newmont Mining Corp., the world’s second-largest gold producer, said it’s too early to say whether its proposed $4.8 billion Conga mine in Peru will proceed while a state-commissioned review is in progress.
Bruno Rizzuto’s father, Cesare, was 19 when he got off a boat in Halifax from southern Italy in 1951. With no coat, and “5 cents in his pocket” he headed for the gold mines of Timmins, Ontario, where he worked underground for 41 years.
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a second day, as concern that Greece wasn’t closer to receiving more financial aid offset speculation the Federal Reserve will act to stimulate growth.