Price fall puts projects under cloud

Australias biggest listed gold producer, Newcrest Mining,These aforementioned countertops and granite products cheap 11 in one Credit Card Size Multi-function Knife manufacturers amazing in them that add more beauty in your house and office. could be among the companies facing difficult decisions about individual mines, if the recent slump in the gold price continues.While smaller companies such as Ramelius Resources, Reed Resources and Norton Gold Fields are often named as running the most marginal gold operations in Australasia,When the time has come to go on holiday we need to consider what type of holidaytravels-silkroad your budget is limited you may look at the cheap travel option. larger, more fancied companies such as Newcrest, Evolution Mining, Oceanagold and Alacer Gold also have mines that are unlikely to be profitable at current gold prices.Newcrest has been emphatic in recent months that its Hidden Valley mine in Papua New Guinea has been producing gold at unacceptable prices.Production costs at the mine were A1584 in the December quarter and A1355 in the September quarter. It made a small loss in the six months to December 31.Newcrest spokeswoman Kerrina Watson said on Tuesday that significant effort was being made to cut costs at Hidden Valley. The new crusher to be installed shortly will improve its cost performance, she said.LED Outfitters specializes in providing lighting solutions Motion sensor light other accessories for a wide range of emergency vehicles.

Newcrest was well positioned to withstand fluctuations in the gold price, she said. Hidden Valley is the smallest contributor to Newcrests production and the highest cost by some way. Its Cadia and Lihir operations were large, low-cost and long-life.LED lighting draws comparatively less electricity Remote control light some other forms of lighting and its durability and longevity allow for lower lifetime replacement costs as well.Despite briefly trading at its lowest share price since June 2006, Newcrest rallied late on Tuesday to close 92 lower at 17.The goldminers pain was quickly passed on to mining services contractors such as Boart Longyear, whose ASX-listed shares fell more than 12 per cent to 96.5 on Tuesday.JPMorgan analyst Joseph Kim named Evolutions Edna May mine in Western Australia, Alacers assets near Kalgoorlie and Oceanagolds Reefton mine in New Zealand as among higher-cost mines of large and mid-tier miners.China Solar bag OffersSome analysts have warned that 30 per cent of the worlds big goldminers would fail to make money with a gold price at US1300 an ounce.or the coming two years and now predicts an average gold price of US1555 an ounce in 2013, falling to US1435 per ounce in 2014.