[miningmx.com] – NEWCREST Mining’s record $5.5bn asset write-down will be the first of many in the gold sector, said Bloomberg News citing analysts.
Barrick Gold, the world’s biggest producer, Newmont Mining and Gold Fields may be next, according to Jefferies International.
Impairments in the gold sector come amid forecasts by prominent economist, Nouriel Roubini, that the price of gold may drop to $1,000 an ounce by 2015.
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