Tuesday, April 5, 2011

MINEWEB.COM'S TOP STORIES: Molycorp's $89m deal for AS Silmet doubles REO production capacity

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Silver the investment of the decade - Eric Sprott

Silver's performance over the next three to five years is likely to treble that of gold, says Sprott Asset Management Chairman, Eric Sprott, and he is still bullish on gold as well
 

TOP STORIES | Tuesday , 05 Apr 2011                                                     

Molycorp's $89m deal for AS Silmet doubles REO production capacity

As Molycorp refurbishes and ramps up its Mountain Pass facility, the company hopes the acquisition of Estonia's AS Silmet will provide a short-term production boost along with long-term REO product diversification.    Tuesday , 05 Apr 2011

Vale names Murilo Ferreira CEO under government pressure

The former Vale executive, who has previously led the group's Canadian nickel operations, will take up the post on May 22 and will have to placate not only politicians but also investors used to strong returns    Tuesday , 05 Apr 2011

PGM investors should not ignore Zimbabwe's resource nationalism-Melek

TD Newcrest's Bart Melek forecasts palladium deficits this year and a platinum shortfall by 2013, which may be exacerbated in the wake of Zimbabwe's growing resource nationalism policies.    Tuesday , 05 Apr 2011

Silver puts gold in the shade

Both gold and silver are having a bull run in India, but silver is definitely having the better run of late and seems to be becoming the preferred alternative to gold for many investors    Tuesday , 05 Apr 2011

Definitively no bubble - gold price could double over next five years

In a destruction of the argument of those who suggest gold is in a bubble and a reaffirmation of some of the factors driving gold higher and higher, Frank Holmes looks for a doubling of the gold price inside 5 years.    Monday , 04 Apr 2011

The Emperor's new chrome

Alexis Assimacopoulos investigates the lack of transparency in released data on Chinese high carbon ferrochrome production and its effects on South Africa, the world's largest producer, in particular.    Tuesday , 05 Apr 2011

China copper stockpiling makes market nervous

Strongly rising copper stockpiles in China have some commentators worried as they could significantly reduce the expected deficit that has helped catapult prices to new records this year    Tuesday , 05 Apr 2011

New Gold plans to take out Richfield Ventures for Blackwater gold project

New Gold is to acquire Richfield Ventures thus expanding further its gold production base with the latter's Blackwater project.    Monday , 04 Apr 2011

Husab (Rossing South) 'most exciting uranium project in the world today'

Definitive Feasibility Study suggests Husab (Rossing South) uranium project could develop into one of the three largest uranium mines in the world today.    Tuesday , 05 Apr 2011

Chinese commodity demand to continue but social tension a concern - JP Morgan

While China is expected to continue to grow and, as a result, continue to lead the world in commodity demand growth, social tension in the country remains an investment risk, the bank says    Tuesday , 05 Apr 2011

Strike ends at San Cristobal silver mine

Work has resumed at Bolivia's largest silver mine after a 12 day strike ; management and workers remain in talks about demands over better working conditions    Monday , 04 Apr 2011

Development groups urge IMF gold sale profits to write off debt

A coalition of 58 groups including, Oxfam and ActionAid, are urging the organisation to use the windfall from its sale of 403.3 tonnes of gold to write off the debts of poor countries    Monday , 04 Apr 2011

Buenaventura expects strong 2011 precious metals production

Peru's largest precious metals miner say gold production will be given a boost by its $750m Chucapaca JV with Gold Fields and silver output will come in higher than the previous year    Tuesday , 05 Apr 2011

Canadian government unlikely to block Minmetals bid for Equinox

Because most of Equinox's assets are outside of Canada, the government is unlikely to veto a proposed C$6.3bn Chinese bid for the company, although it is still expected to review the deal.    Tuesday , 05 Apr 2011

Chinalco expects strong copper, aluminium prices in 2011

Strong market fundamentals and growing global copper consumption are expected to support the prices of the metals over the course of the year, the Chinese aluminium producer said    Tuesday , 05 Apr 2011

Kinross to buy full ownership in Russian miner

The Gold miner says it has signed an agreement to buy the stake it doesn't already own in Chukotka Mining and Geological Co, which owns the Kupol mine, for $350m    Tuesday , 05 Apr 2011

Yesterday's Top Story: China's Minmetals makes surprise C$6.3 bn offer for copper miner Equinox

Equinox's hard-fought battle for Lundin may be aborted by a financially superior hostile bid for Equinox by China Minmetals' subsidiary Minmetals Resources.    Monday , 04 Apr 2011

PODCASTS / RADIO                                                     

Silver the investment of the decade - Eric Sprott

Silver's performance over the next three to five years is likely to treble that of gold, says Sprott Asset Management Chairman, Eric Sprott, and he is still bullish on gold as well

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

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

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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
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