Steve Mitchell News
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Detroit residents this year will elect a mayor who will begin a four-year term in the shadow of a state emergency manager with the power to reshape the deficit- plagued city.
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Detour Gold Corp., a miner backed by billionaire hedge-fund manager John Paulson, is avoiding acquisitions that have hurt competitors to focus on its C$1.5 billion ($1.46 billion) project in northern Ontario.
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Mitt Romney’s Michigan campaign headquarters in a suburban Detroit office building isn’t much bigger than a two-car garage. Fewer than a dozen volunteers and staff members milled about the cramped office late last week dialing potential voters on cell phones.
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Kinross Gold Corp.’s switch to a new chief executive officer is fueling speculation Canada’s fourth- biggest gold miner will be broken up or sold.
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Kinross Gold Corp. will spend $1.5 billion on Mauritania’s Tasiast mine that it acquired in September, according to the northwest African nation’s mines and industry minister.
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Birmingham, Alabama, the most prominent industrial center in the Southeast before the civil- rights era, has been on a long losing streak that just got longer.
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By paying too much for acquisitions in western Africa, Kinross Gold Corp. is now turning itself into the cheapest gold-mining target in the world.
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Aaron Regent, who was fired last week as chief executive officer of Barrick Gold Corp. after failing to boost the stock price, generated more profit for every dollar of pay last year than any of his peers in Canada and the U.S.
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Canada’s biggest gold miners are replacing their senior executives at the fastest rate in at least a decade as shareholders demand greater returns.
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Trading in Southridge Enterprises Inc. was halted by the U.S. Securities Exchange Commission two days after the mining company said it was forming a partnership with Canada’s Kinross Gold Corp. in Mexico.
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