Friday, April 8, 2011

MINEWEB.COM'S TOP STORIES: US Congress informed ‘subpar' U.S. Mint practices encourage bullion coin speculation

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TOP STORIES | Friday , 08 Apr 2011                                                     

US Congress informed 'subpar' U.S. Mint practices encourage bullion coin speculation

Precious metals blanks used to manufacture U.S. Mint silver bullion coins often come from an Australian mint, a fact which upset several members of a House Financial Services subcommittee.    Friday , 08 Apr 2011

Nevada miners object to being targeted for increased taxation in the wake of weak gaming revenues as state lawmakers wonder why mining get deductions for costs any business person must pay.    Friday , 08 Apr 2011

Silver continues upwards despite bear protests

Despite a jump of over 28% this year so far, there are many investors who believe silver has room to grow but, bears worry that investors are just getting caught up in the euphoria surrounding the metal    Friday , 08 Apr 2011

Copper's Chinese puzzle box

Is the drop in Chinese copper demand just a short term-destocking phase or a leading indicator of a much more significant slowdown in Chinese industrial growth?    Thursday , 07 Apr 2011

Demand for silver bars spreads - GFMS

While 2009 was a year of physical bar disinvestment (driven by heavy Indian sales) there was a net positive swing of over 70M ounces between 2009 and 2010 which has helped hold prices at all time records    Thursday , 07 Apr 2011

Will gold price go down if interest rates rise?

Julian Phillips examines the likely impact of interest rates rises on the various principal economies and the likely effects on the gold price    Thursday , 07 Apr 2011

'Booming' silver prices generate astounding demand-World Silver Survey

The World Silver Survey says global silver investment jumped 40% last year to 279.3 million ounces, resulting in a net flow into silver of $5.6 billion, almost doubling 2009's figures.    Thursday , 07 Apr 2011

It is hard to be anything but bullish on copper prices over the long term - GFMS

China stocked, and then de-stocked, copper last year and while there remain downside risks to the price of the metal in the near term, GFMS says, given the fundamentals the long term remains bullish    Thursday , 07 Apr 2011

Rio Tinto shines anew in India

Though its exploration process, started in 1995, has not made much headway, A new agreement with the Orissa government has given Rio Tinto a fresh lease on life in India.    Thursday , 07 Apr 2011

Vedanta announces record Q4 aluminium production

The Indian-focused miner said aluminium production rose 7% while production of its most profitable product, zinc, rose 29% which helped it take advantage of rising metal prices    Friday , 08 Apr 2011

Equinox calls MinMetals$6.6bn bid too low

Analysts say Equinox's hostile bid for Lundin made them vulnerable to predators and there is a risk that this reaction to the offer may flush out other bidders for the company    Friday , 08 Apr 2011

Rio Tinto to spend $238m on Bingham Canyon feasibility study

The transnational miner said the study will look to extend Kennecott Utah Copper's Salt Lake City mine's life from 2019tro 2028    Friday , 08 Apr 2011

Gunmen kill 2 at Freeport's Indonesia mine

According to the copper and gold giant, unidentified gunmen shot and killed two workers at the mine    Friday , 08 Apr 2011

Antofagasta to double capacity at Esperanza mine

Antofagasta chairman, Jean Paul Luksic said during the inauguration of the 190,000 tonne per-day project that the group hopes to expand the operation in its second year in order to double capacity    Friday , 08 Apr 2011

Ivernia shares tumble 23% on mine shut down

The Canada-based company said it expects to place its flagship lead mine in W. Australia under full care and maintenance indefinitely and lay off 82% of the workforce amid ongoing environmental concerns    Friday , 08 Apr 2011

South African union wants 20% wage hike

In one of the opening salvo's of the negotiation season, the National Union of Metal Workers of South Africa said it was looking for an increase of more than 5 times the current 3.7% inflation rate    Friday , 08 Apr 2011

Harmony considers bond issue to fund Wafi-Golpu

The gold miner that is looking to develop the promising project in Papua New Guinea said, while initial estimates of the cost (which it shares with Newcrest) are $3bn, it is too early to give a final price tag.    Friday , 08 Apr 2011

Hyderbad-based GVK inks exclusivity pact with Hancock coal

After months of intense negotiations and competitive bidding, Hyderbad-based GVK group is all set to acquire Hancock coal in a deal size close to $8 billion.    Thursday , 07 Apr 2011

Northern Star transforms one of Australia's gold mining ugly ducklings

One of the Western Australia's most northerly gold mines that produced more pain than success for earlier miners has become a star performer.    Thursday , 07 Apr 2011

Yesterday's Top Story: U.S. rare earths RESTART Act legislation re-introduced in Congress

H.R. 4866, the Rare Earths Supply Chain Technology and Resources Transformation Act of 2011, which died in the waning hours of the 111th Congress, has been resurrected by its Colorado sponsor.    Thursday , 07 Apr 2011

PODCASTS / RADIO                                                     

Glencore's mooted listing - Terry Ortslan, TSO & Associates

A look at the implications of such a listing for the mining sector as a whole and for the players involved more directly

Gold's upward trend to continue throughout 2011 - Nicholas Brooks

ETF Securities head of Research and Investment strategy says the key risk to the gold flows this year would be a substantial and sustained rise in global interest rates but this, he says is unlikely

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

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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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