Barrick Gold Corp. plans to reduce net debt by at least $3 billion this year, partly by selling two mines, as the world’s largest producer seeks to return to the attributes that first made it successful.
Alcoa Inc., the largest U.S. aluminum producer, sees world demand growing 7% this year as automakers use more of the lightweight metal and orders from the aerospace industry accelerate.
Ford Motor Co., the second biggest automaker in the U.S., will add more than 1,000 jobs at its plant in Oakville, Ontario, to build the company’s 2015 Edge utility vehicle.
The biggest gold producers say global output will fall short of expectations and is poised to decline after the worst price slump in three decades spurred them to cut spending and revise mining plans.
