Tuesday, May 29, 2012

MINEWEB.COM'S TOP STORIES: The flock of black swans facing gold

Mineweb logo
 

These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com

 

 

FEATURED PODCAST                                                     

Europe, Iran and other Black Swans - Ian McAvity

Ian McAvity looks at some of the major events taking place at the moment and what they might mean for gold, silver and the rest of the commodities complex.
 

TOP STORIES | Tuesday , 29 May 2012                                                     

The flock of black swans facing gold

Deliberations on World Markets Author, Ian McAvity, believes that the world faces a number of major challenges that could see gold go significantly higher this year.    Tuesday , 29 May 2012

Selwyn more than halves output plans for its 8,000t/d Yukon zinc-lead mine

Selwyn to look at 3,500 tonne per day option for the Selwyn zinc-lead project in the Yukon as it also looks to make a deal happen on all or part of its assets.    Monday , 28 May 2012

South African mining's top leaders to hammer out new vision for the industry

A meeting, of top mining stakeholders is to take place in Midrand involving mining companies, trade unions and government with the intention of finding a consensual way forward for the country's key mining industry.    Monday , 28 May 2012

Platinum surplus diminishing as bear market approaches

Barclays Plc estimates the metal's 17% plunge to $1,433.50 since late February leaves it within 3 percentage points of the common definition of a bear market.    Tuesday , 29 May 2012

China's ICBC wants to be major bullion market maker

While it is the top player on China's gold and futures exchanges The Industrial and Commercial Bank of China, the world's biggest bank by market value, is currently limited to OTC trading in foreign markets.    Tuesday , 29 May 2012

Rationale for holding gold better now than 5 or even 10 years ago

Gold is currently doing what every other business sector is doing - just 'sitting on its hands' as shellshocked politicians and economists try to unravel the complexities of the global economic meltdown.    Monday , 28 May 2012

China's coal demand set to rebound

China's record imports of coal in April, at 25.05 million tonnes, up 90.1% year on year, indicate rather robust trends for commodity demand, despite concerns over a slowing economy.    Monday , 28 May 2012

Impala Platinum March quarter output slips 46%

The miner said Tuesday its refined platinum fell 46% in the three months to the end of March as union rivalry and wage dispute protests prompted a six-week illegal strike at its Rustenburg mine.    Tuesday , 29 May 2012

Kinross Gold to sell 50% Crixas stake to AngloGold

When added to the South African miner's existing 50% stake, the $220m deal will give AngloGold Ashanti 100% control of the Crixas gold mine.    Tuesday , 29 May 2012

Peru uses emergency rules to end violent protests at Xstrata mine

It was at least the second time the Peruvian government has used emergency rules that give the army special police powers and prohibit people from gathering in groups to end anti-mining protests.    Tuesday , 29 May 2012

Argentina targets mining companies in import crackdown

Mining firms operating in the South American country will have to get prior approval for overseas purchases and submit import plans 120 days in advance.    Tuesday , 29 May 2012

India's GVK wins Queensland nod for $9.9bn coal project

GVK's Alpha coal project has made the most progress towards development among several in the untapped Galilee Basin, where Indian rival Adani Enterprises is planning a A$10.9 billion coal and rail project.    Tuesday , 29 May 2012

Gold mining resumes in N. Ontario after forest fires

Helped by rain over the weekend that dampened forest fires near Kirkland Lake and Timmins, gold mining operations are slowly returning to normal.    Tuesday , 29 May 2012

Lonmin's capex plans threatened by current PGM prices

CEO Ian Farmer says the platinum industry as a whole would need to cut back on investment plans if current prices persist.    Monday , 28 May 2012

B2Gold cash costs 12% lower than forecast in Q1

B2Gold maintains gold guidance this year and while it warns of 10% higher cash costs overall, first quarter performance beats expectations.    Monday , 28 May 2012

DRC may have violated IMF loan deal with mining asset sale

State-owned miner Gecamines sold its 25% stake in Comide Sprl last year, potentially breaching conditions attached to the country's $561 million IMF loan agreement because it failed to disclose the transaction.    Monday , 28 May 2012

Noront delays Eagle's Nest nickel mine feasibility study

Noront Resources has delayed the release of the feasibility study for its Eagle's Nest project in order to review the impact a proposed road development will have on its plans.    Monday , 28 May 2012

Yesterday's top story: China's SHFE silver futures contracts expected to have impact on global market

The Shanghai Futures Exchange's silver futures contracts, the first of their type to be offered in China, give Chinese investors a new way to bet on the precious metal.    Monday , 28 May 2012

PODCASTS / RADIO                                                     

Greek exit scenarios and what it means for gold - Grant Williams

The author of Things That Make You Go Hmmmm..., looks at whether or not an orderly exit is possible and what it all might mean for gold.

Silver a great business to be in for the next 50 years - Phil Baker

Hecla CEO, Phil Baker, says the silver market is currently in a similar place to where it was 100 years ago, when photographic uses were just beginning to gather steam.

WGC Gold Demand Trends Q1 2012 - Marcus Grubb

The World Gold Council's MD for Investments looks at the gold investment demand trends over the first quarter in particular the difference between Eastern and Western investment demand.

Gold junior financing troubles and a risk off environment - Welch

Ocean Equities analyst, Chris Welch, looks at some of the reasons behind the recent slump in junior miners and what we might expect for the rest of the year.

Aura Energy says updated scoping study further supports Häggån project viability

Highlights

  • Revised Scoping Study financial model prepared by independent consultants RMDSTEM confirms Häggån Project is financially robust
  • Revisions significantly enhance project economics with pre-tax NPV10 of US$1.85B at a U308 price of $US65/lb
  • Annual production rate of 7.8Mlbs (3,538t) of U308, which would place Häggån in top five current & planned uranium producers
  • IRR of 49% with payback of less than 5 years, or 17% of project life
  • Häggån amongst lowest cost uranium operations globally demonstrated by:
    Operating costs US$13/lb U308 when nickel & molybdenum treated as by-products
    Operating costs US$26/lb U308 when nickel & molybdenumtreated as uranium equivalent
  • Financially robust at current spot U308 prices of $52/lb

For the full release click here

 
 

CONFERENCES

Earth's Resources Conference 2012
Date: 20 June 2012 - 21 June 2012
Venue: JW Marriott Hotel, Hong Kong
A high-powered invitation-only conference bringing together institutional investors and mining companies interested in particular in generating investment in the Asian marketplace. Read More

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Africa

Christy Filen, Johannesburg


Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Johannesburg

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

Monday, May 28, 2012

MINEWEB.COM'S TOP STORIES: The euro and the gold price - potential fallout consequences

Mineweb logo
 

These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com

 

 
 

TOP STORIES | Monday , 28 May 2012                                                     

The euro and the gold price - potential fallout consequences

Recently the gold price has largely been declining alongside the euro in US dollar terms. An examination of the likelihood of this continuing from Julian Phillips.    Monday , 28 May 2012

Lake Shore Gold to resume mining as rain slows wildfire spread

While wildfire danger remains at Timmins and Kirkland Lake in Ontario, drizzling rains Sunday eased conditions enough to allow resumption of mining at Lake Shoe Gold's Timmins West Mine.    Monday , 28 May 2012

Chile's Collahuasi copper mine resumes work after fatality

The mine is gradually resuming operations following the accidental death of a worker late Saturday, spokeswoman Bernardita Fernandez said Sunday.    Monday , 28 May 2012

Gold picks up a little, but lacks conviction as short positions increase

Gold moved up a little overnight and this morning despite an increase in short positions last week on Comex.    Monday , 28 May 2012

Monsoon and marriages to see Indian gold demand, and prices, soar

Prediction of normal monsoons in India and the onset of the wedding season are set to ensure that investment demand for the precious metal will rise sharply in the next quarter.    Friday , 25 May 2012

Vietnamese hoarding ca 1,000+ t gold as govt. aims to increase controls

The State Bank of Vietnam looks at a national distribution grid for the gold trade, and continues to keep tabs on the precious metal as it aims to be the sole controller of gold trading in the country.    Friday , 25 May 2012

Bodies of 10 illegal diamond miners pulled from S.African mine

Diamond giant De Beers reported late Saturday that 10 bodies of illegal diggers were pulled from a disused mine in South Africa's Northern Cape province.    Monday , 28 May 2012

Forsys to consolidate Namibian uranium properties and boost reserves 30%

Forsys Metals is looking at combining its Valencia and Nambiplaas uranium projects in Namibia into a single operation boosting reserves and potential output.    Sunday , 27 May 2012

Barrick Gold's Mill Canyon deal extends Cortez mine area by 7,000 acres

The world's top gold miner's deal with Victoria Gold to buy the latter's Mill Canyon property in Nevada extends its holdings around its prolific, low cost Cortez gold mine.    Sunday , 27 May 2012

Gold and silver stocks - how to profit from the disconnect

Gold and silver stocks have suffered in an even more exaggerated fashion than the metal prices. Alka Singh puts forward ideas that she believes will maximize shareholder value. Interview with The Gold Report.    Saturday , 26 May 2012

The misleading perma-bear sentiment on gold and gold stocks

Despite a Freudian slip whereby actor Bill Murray is replaced by Bill Murphy (of GATA presumably), David Galland's article for Casey Research makes for enlightening weekend reading.    Saturday , 26 May 2012

Zimbabwe's banks ordered not to process Zimplats exports

The country's central bank says Zimplats has defied its directive, issued in February, to transfer funds from its offshore accounts to Zimbabwean banks, a state newspaper said on Friday.    Friday , 25 May 2012

If 'irreplaceable' gold a Tier 1 banking asset what next?

If the Basel Committee agrees to banks using gold as Tier 1 Capital it would create substantial demand for physical bullion and be an important step toward gold's re-monetization.    Friday , 25 May 2012

Weekend top story: Central Banks boost gold holdings yet again

Latest figures from the IMF show that Central Banks have continued to increase their gold holdings significantly in April, after a big increase the previous month.    Friday , 25 May 2012

PODCASTS / RADIO                                                     

Greek exit scenarios and what it means for gold - Grant Williams

The author of Things That Make You Go Hmmmm..., looks at whether or not an orderly exit is possible and what it all might mean for gold.

Silver a great business to be in for the next 50 years - Phil Baker

Hecla CEO, Phil Baker, says the silver market is currently in a similar place to where it was 100 years ago, when photographic uses were just beginning to gather steam.

WGC Gold Demand Trends Q1 2012 - Marcus Grubb

The World Gold Council's MD for Investments looks at the gold investment demand trends over the first quarter in particular the difference between Eastern and Western investment demand.

Gold junior financing troubles and a risk off environment - Welch

Ocean Equities analyst, Chris Welch, looks at some of the reasons behind the recent slump in junior miners and what we might expect for the rest of the year.

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 
 

CONFERENCES

Earth's Resources Conference 2012
Date: 20 June 2012 - 21 June 2012
Venue: JW Marriott Hotel, Hong Kong
A high-powered invitation-only conference bringing together institutional investors and mining companies interested in particular in generating investment in the Asian marketplace. Read More

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Africa

Christy Filen, Johannesburg


Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Johannesburg

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

Friday, May 25, 2012

MINEWEB.COM'S TOP STORIES: Wave of monetary accumulation will see gold continue upwards march

Mineweb logo
 

These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com

 

 
 

TOP STORIES | Friday , 25 May 2012                                                     

Wave of monetary accumulation will see gold continue upwards march

With the greenback merely "the best-looking horse on its way to the glue factory", the global economic imbroglio will lead to gold regaining its mojo and hitting new heights    Friday , 25 May 2012

Prolonged CP Railway strike could have serious consequences for Canadian miners

The Canadian Mining Association and Saskatchewan's Energy & Resources Minister worry a prolonged strike against Canada second largest railway may have serious consequences for nation's mining sector.    Friday , 25 May 2012

Gold miners cope with power outages, dense smoke from Ontario wildfires

Miners and explorationists in the Northeast Region of Ontario are dealing with temporary shutdowns, heavy smoke, restricted land access, closed highways and other fallout from 38 active forest fires.    Friday , 25 May 2012

Positive factors for uranium prices and equities

Alka Singh has her sights set on the uranium sector, where she sees deep values in a beaten-down industry. Interview with The Energy Report.    Friday , 25 May 2012

Update: GoldQuest drills monster gold-copper hole in the Dominican Republic

GoldQuest hails the Romero discovery with a long gold-copper intercept in the Dominican Republic.    Thursday , 24 May 2012

Copper inches lower on Greek woes but China lends support

The metal is headed for its fourth straight week of losses, as investors worry about a possible Greek exit from the euro zone but hopes that Chinese demand will improve lent some support.    Friday , 25 May 2012

Rio's Zim spin-off wants old parent's Murowa diamond mine

RioZim Limited is keen to exercise its pre-emptive rights to acquire Rio Tinto's shares in the Murowa diamond mine as the global miner seeks to leave the gem business.    Friday , 25 May 2012

Talvivaara may halt nickel mine expansion plans if hit by tax

The company says it may put on hold plans to expand its nickel mine if Finland levies new taxes on mining as punishment for environmental problems.    Friday , 25 May 2012

New SA Fluorspar prospect plans listing

SepFluor, a spin off from Sephaku Holdings is hoping to list by March next year to raise funds to progress its R2bn fluorsparmine, concentrator and beneficiation hub.    Thursday , 24 May 2012

Codelco CEO Hernandez steps down

Diego Hernandez abruptly resigned on Thursday, citing personal reasons, and will be replaced by CFO Thomas Keller, effective June 1.    Friday , 25 May 2012

Have base metals ETFs bottomed yet?

Base metals are close to testing long term support levels - have they reached their lows or could they fall even further?    Friday , 25 May 2012

Gold - an investment for the long term. Ignore the bumps and peaks.

Historically gold is perhaps the only store of wealth that has stood the test of time. Politicians and bankers may manipulate the markets short term, but long term gold has always held it value.    Thursday , 24 May 2012

Impala Platinum's Rustenburg miners return to shifts

While miners returned to work on Thursday, the situation remains tense, with one of the unions planning to march to a courthouse on Friday, where two of its supporters faces charges of attempted murder.    Thursday , 24 May 2012

Gold production, exploration and 'peak gold' - an analysis

Global gold production is at an all-time high, according to a new report from the USGS. Micheal George*, the USGS gold specialist comments on 'peak gold', output and exploration trends. Gold Report Interview.    Thursday , 24 May 2012

Gold's fundamentals sound as politicians bumble on

While financial markets continue to crumble, G-8 leaders simply acknowledge the need for global growth and jobs, David Levenstein worries that is not enough    Thursday , 24 May 2012

Yesterday's top story: With so much uncertainty, why is gold not trading higher?

As the possibility of a Greek exit looms large and US debt remains unruly, why is gold behaving as it is?    Wednesday , 23 May 2012

PODCASTS / RADIO                                                     

Greek exit scenarios and what it means for gold - Grant Williams

The author of Things That Make You Go Hmmmm..., looks at whether or not an orderly exit is possible and what it all might mean for gold.

Silver a great business to be in for the next 50 years - Phil Baker

Hecla CEO, Phil Baker, says the silver market is currently in a similar place to where it was 100 years ago, when photographic uses were just beginning to gather steam.

WGC Gold Demand Trends Q1 2012 - Marcus Grubb

The World Gold Council's MD for Investments looks at the gold investment demand trends over the first quarter in particular the difference between Eastern and Western investment demand.

Gold junior financing troubles and a risk off environment - Welch

Ocean Equities analyst, Chris Welch, looks at some of the reasons behind the recent slump in junior miners and what we might expect for the rest of the year.

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 
 

CONFERENCES

Earth's Resources Conference 2012
Date: 20 June 2012 - 21 June 2012
Venue: JW Marriott Hotel, Hong Kong
A high-powered invitation-only conference bringing together institutional investors and mining companies interested in particular in generating investment in the Asian marketplace. Read More

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Africa

Christy Filen, Johannesburg


Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Johannesburg

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise