Wednesday, March 30, 2011

MINEWEB.COM'S TOP STORIES: Lundin Mining, Inmet Mining end proposed C$9 billion friendly merger

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FEATURED PODCAST                                                     

Gold through $1,500 by year end as key drivers remain in place - Walker

While we may see trade in gold get choppier over the course of the year, negative real interest rates and other factors will continue to support gold through the course of 2011, says GFMS CEO , Paul Walker
 

TOP STORIES | Wednesday , 30 Mar 2011                                                     

Lundin Mining, Inmet Mining end proposed C$9 billion friendly merger

Lundin and Inmet terminated their proposed merger saying: "we could not reach a position that we thought would be supported by both companies' shareholders."    Wednesday , 30 Mar 2011

China TV reports gold sales 'going through the roof' and shortages for fabricators

A Chinese TV station last week reported 'through the roof' gold demand which was leading to a shortage of supplies for fabrication.    Tuesday , 29 Mar 2011

Integra fires broadside at Australia's lack of exploration incentives

The head of one of Australia's significant emerging gold producers said Canberra's new mining tax fails to provide incentives for the nation's gold mining industry.    Wednesday , 30 Mar 2011

Sweet drill hit buoys Rover 1 copper-gold project

The latest in a series of drill holes at the Rover 1 project in the Tennant Creek field of Australia's Northern Territory has helped refine Westgold's mine development blueprint    Wednesday , 30 Mar 2011

Beyond Zimbabwe's latest mining rhetoric

We unpack the definition of the "51%" indigenisation of foreign companies announcement that saw investors sell off shares in platinum miners active in Zimbabwe sharply on Monday    Tuesday , 29 Mar 2011

Hochschild Mining stresses advanced-stage projects, very early-stage properties

Peruvian miner Hochschild reported a banner year in revenue and attributable profit in 2010, resulting in a strong year-end US$525.5 million cash balance.    Wednesday , 30 Mar 2011

Global gold production may rise short term but will then decline - Burton

GFMS gold analyst, Paul Burton, told an Australian conference that rising costs and lack of new exploration success pose major challenges for gold mining..    Wednesday , 30 Mar 2011

Gold fabrication to jump more than 5% in 2011 - CPM

According to metals research house CPM Group, the demand for gold to make jewellery, electronics and items such as dental fillings will rise the most since 2000 this year after recovering from an 18-year low in 2009    Wednesday , 30 Mar 2011

Tim Wilkes appointed Firestone Diamonds CEO

Wilkes, who has been COO at the AIM-listed firm since 2005 has been appointed CEO, replacing Philip Kenny, who will become executive chairman for the next phase of the company's development    Wednesday , 30 Mar 2011

Newmont's Indonesia unit planning IPO for H2 2011

According to the firm's president director, Newmont Nusa Teggara, the indonesian unit of US gold digger Newmont, plans to launch an IPO in the second half of the year    Wednesday , 30 Mar 2011

Ecuador expects $7bn in gold, copper projects in the next 7 years

According to Ecuador's Natural Resources Minister, five projects will be signed in the next few months that will see miners investing $7bn in gold and copper projects in the country over the next seven years    Wednesday , 30 Mar 2011

Copper remains BlackRock's most favoured base metal

Speaking on Tuesday, Evy Hambro, manager of BlackRock's $17bn World Mining Trust said the demand and supply outlook for the metal look set to keep prices resiliently high    Wednesday , 30 Mar 2011

Southern Copper postpones $1bn Tia Maria project

The copper miner says it has postponed, to, possibly, as late as 2013, its $1bn Peruvian copper project because of social conflicts    Wednesday , 30 Mar 2011

BHP Billiton moves to feasibility stage of Olympic dam expansion

BHP Billiton says it has moved the expansion of its Olympic Dam mine to feasibility study stage and expects a federal government decision on the project by the second half of the year    Wednesday , 30 Mar 2011

No immediate plans to sell Riversdale stake - CSN

The Brazilian steelmaker says it has no immediate plans to sell its stake in Riversdale Mining, but says it sees Rio Tinto, which is attempting a takeover of Riversdale, as a valuable partner    Tuesday , 29 Mar 2011

Mali cuts 2011 gold production forecast 15%

Africa's third largest gold miner said Tuesday that it expects output for the year to reach only 49.57 tonnes after companies revised their numbers lower    Tuesday , 29 Mar 2011

Yesterday's Top Story: Bullish outlook for silver on surging industrial demand -Silver Institute/GFMS

A report released by the Silver Institute says silver's industrial uses are the largest component of silver fabrication demand, and should continue to rise sharply by 2015.    Tuesday , 29 Mar 2011

PODCASTS / RADIO                                                     

Japan, copper and expectations versus reality - Simon Hunt

The longer term impacts of the tragedy in Japan are difficult to predict and, there is no certainty that copper will benefit to any great degree from the country's reconstruction

Gold heading toward cyclical high - Jeff Christian, CPM

"The economy on a global basis is continuing to grow and is probably more stable than it was two years ago - so there are some reasons to reduce some of the risk premia that you're seeing in the gold"

Harmony, diamonds and the lingering impact of Japan

A look behind the jump in Harmony Gold's shares, what is happened to the diamond market and further implications for commodities from Japan's earthquake rebuild

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CONFERENCES

The Australian Resources and Energy Conference 2011
Date: 21 May 2011 - 25 May 2011
Venue: Broken Hill, Australia
The inaugural Australian Energy and Resources Symposium will be held in the iconic outback town of Broken Hill, NSW and will showcase Australian resources and energy companies to investor delegations from across the globe. Read More
San Francisco Hard Assets Investment Conference
Date: 27 November 2011 - 28 November 2011
Venue: San Francisco Marriott, USA
Read More

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Editorial
Lawrie Williams, London
Dorothy Kosich, Reno
Geoff Candy, Groningen
Barry Sergeant, JHB
Rhona O'Connell, London
Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

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Wendy Hora, Australasia

Alec Hogg - Editor in Chief

 

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