Wednesday, May 18, 2011

MINEWEB.COM'S TOP STORIES: FTC, CFTC file for closure of, restitution by American Precious Metals

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FEATURED PODCAST                                                     

Interest rates, the end of QE2 and gold in euro terms - Julian Philips

A look at what has been going on in the gold market since the dip and why it is worth looking at the price of the metal in currencies other than the dollar
 

TOP STORIES | Wednesday , 18 May 2011                                                     

FTC, CFTC file for closure of, restitution by American Precious Metals

A U.S. federal judge has shut down Florida precious metals telemarketer Amercian Precious Metals for allegedly bilking senior citizens and other consumers out of more than $37 million.    Wednesday , 18 May 2011

Gold Fields's BEE bonanza

In a section titled 'share based payments on BEE transactions' Gold Fields discloses in its latest annual report that it has donated R2.1bn to BEE deals, plus heavy cash dividends.    Tuesday , 17 May 2011

Consumers should investigate before they invest in bullion and coins - FTC

If you're thinking about investing in bullion or bullion coins, the FTC says to research your options and get smart because "being uninformed can have serious consequences."    Wednesday , 18 May 2011

Will gold and silver fall if U.S. and Eurozone interest rates rise

An examination of the likelihood of the U.S. Fed (or the Eurozone) raising interest rates and the possible effects on the gold and silver prices of different interest rate scenarios    Wednesday , 18 May 2011

Extorre gets EIA approval for high grade Cerro Moro gold/silver project

With environmental impact assessment approvals in hand, Extorre can start construction planning for its very high grade Cerro Moro gold/silver project in Argentina.    Tuesday , 17 May 2011

As uranium resources double, how does Hathor fare against the giants?

Though it still has a ways to go, Hathor Resources has expanded high grade uranium resources in Saskatchewan to the point where it's difficult to escape comparison to major deposits next door.    Tuesday , 17 May 2011

Current Olympic Dam may be just tip of the iceberg, or frying pan

The blueprint for a multi billion dollar expansion of the world class Olympic Dam copper-uranium-gold mine in South Australia has been in gestation long before the project was taken over by BHP Billiton in 2005.    Tuesday , 17 May 2011

Implala Platinum cuts output targets, Zim worries weigh

Implats said Tuesday the group is likely only to produce 1.82m ounces of metal in 2011. And, added, Zimbabwe's current plans to wrest majority ownership from foreign miners could curb future expansion    Wednesday , 18 May 2011

Coal India to ink joint venture with Peabody

Coal India's alliance with US-based Peabody Energy is set to take shape, with the Indian major close to buying 15% of the US group's Wilkie Creek coal mine in Australia.    Tuesday , 17 May 2011

Xstrata to phase out Australian copper smelting & refining by 2016

The miner says the decision comes in the face of a world-wide capacity glut and poor margins in the business unit, adding it will dismantle its plants and shift its focus to the sale of concentrates    Wednesday , 18 May 2011

Copper prices to feel weight of surplus by 2013 - CRU

Increased global copper production over the next two years is set to lead to a surplus of the metal which will put pressure on copper prices in 2013, industry consultants CRU Group said Tuesday    Wednesday , 18 May 2011

BC Iron Ore ends corporate merry-go-round

One of W. Australia's new wave of iron ore producers, BC Iron today released an independent export's report to explain why it had terminated a takeover from Hong Kong-based Regent Pacific Group Ltd.    Tuesday , 17 May 2011

Namibia looking to impose windfall tax on miners

Namibia's Mines & Energy Minister told the Namibia Chamber of Mines' AGM that the government will seek to impose a windfall tax where there would be an additional tax charge imposed in good times.    Tuesday , 17 May 2011

Jaguar Mining shares jump on estimate-beating profits

The gold producer, said its quarterly profit numbers, which came in better than analysts expected, were boosted by surging gold prices.    Wednesday , 18 May 2011

Some Ivory Coast gold mines back working, some not

Depending on location within the county, some Ivory Coast gold mines didn't halt, others are now back in operation and some still suspended for security reasons.    Tuesday , 17 May 2011

Viking Gold to buy two advanced gold properties from Freewest Resources

The Canadian company said it would issue 1m shares from treasury and grant a net smelter royalty of 0.5% on both properties as payment for the interest in the properties    Wednesday , 18 May 2011

Rio Tinto raises $2bn in US bond issue

The transnational miner said the offer, registered in the US SEC, consisted of $700m in 5-year notes $1bn in 10-year bonds and $300m in 30-year bonds    Wednesday , 18 May 2011

Yesterday's top story: Don't be fooled, this gold cycle is not the same as 1980

Sometimes cycles have the habit of repeating themselves, but in the case of gold, the differences between the current situation and the early 1980s are significant    Tuesday , 17 May 2011

PODCASTS / RADIO                                                     

The Platinum market and where it is heading - Johnson Matthey

Johnson Matthey which has just launched its platinum survey says the metal is likely to trade on average at $1,870 over the next six months but, could go as high as $2,000

AngloGold Ashanti and the gold industry - Mark Cutifani

There is a potential for a 20% uptick for the whole gold industry

Gold and China, silver and volatility - Edel Tully, UBS

A look at where gold goes from here with a focus on China's continuing role and a view on silver

Auriga Gold Intersects Near-Surface High-Grade Veins including 2.34 meters at 21.49 g/t Gold at Maverick Project, Manitoba

Auriga Gold Corp. (TSX-V: "AIA") is pleased to announce that further drill results continue to intersect near-surface high-grade gold mineralization in the northern and central areas of the Puffy Lake deposit at the Maverick Gold Project.  The Maverick Gold Project, located 65 km northeast of Flin Flon, Manitoba, includes the past-producing Puffy Lake Mine and Mill, the adjacent Nokomis Property, and staked mining claims covering a total of 6,640 hectares (66.4 km2). For the full release click here.

 

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
CHI World Resource Investment Conference 2011
Date: 05 June 2011 - 06 June 2011
Venue: Vancouver Convention Centre East
Featuring a world class line-up of speakers, covering all types of direct investments in resource public companies, speculative investing, resource exploration, oil & gas, green technology and clean energy, world outlook, investment strategies and more! Mineweb's Jan Chadwck will attend. Read More
Diggers and Dealers 2011 Forum
Date: 01 August 2011 - 03 August 2011
Venue: Kalgoorlie, WA
This important Australian annual mining conference combines presentations by listed mining and exploration companies with a large exhibition area housing exhibitors from the mining, exploration and service sectors. Read More

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ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen
Rhona O'Connell, London

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Africa

Barry Sergeant, JHB

Asia and Australasia

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

Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

Editor in Chief

Alec Hogg, Mooi River, SA

 

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