Thursday, May 26, 2011

MINEWEB.COM'S TOP STORIES: Lundin Mining concludes strategic review; no M&A deal in offing

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FEATURED PODCAST                                                     

A reality check for base metals - Natixis

Copper looks set to benefit from the recent drop in prices that brought valuations closer to fundamentals and if anything has improved the outlook for the metal.

FEATURED PODCAST                                                     

Hate paper money, love gold. Gold and silver turning up - Puru Saxena

Hong Kong based Puru Saxena sees Eastern precious metals demand continuing and rising as wealth grows - and sees the recent downturn in prices reversing.
 

TOP STORIES | Thursday , 26 May 2011                                                     

Lundin Mining concludes strategic review; no M&A deal in offing

Lundin Mining says it has ended its strategic review process, and has no plans to sellthe company or merge with any other miner.    Thursday , 26 May 2011

Lawsuit suggests Obama secret agenda to bring down coal miner Massey Energy

Class action Lawsuit seeking to block Alpha-Massey merger suggests Massey executives believe that the American President wanted to bring down Massey following Upper Big Branch coal mine disaster.    Thursday , 26 May 2011

Fortescue drops $1 billion term loan raising

Australia's No. 3 iron ore miner has shelved plans to raise $1 billion in an unsecured term loan due to weak credit markets    Thursday , 26 May 2011

Penoles now hedging some gold and silver production

Penoles says it is again hedging the bulk of its gold and silver output from subsidiary Fresnillo's Noche Buena mine as well as from some other producers.    Thursday , 26 May 2011

China's gold output to reach 400 t/y by 2014, demand at 700t

Already the world's largest gold producer, China is expected to carry on increasing annual output, reaching 400 t/y by 2014, up 17% from the 2010 level.    Thursday , 26 May 2011

Commodities boom drives economic growth in several Canadian provinces

Resource-dependent economies-particularly Newfoundland and Labrador, Saskatchewan and Alberta-- will ride high commodity prices to strong economic growth in Canada this year, says the Conference Board of Canada.    Thursday , 26 May 2011

What differentiates investment in more explosive silver from gold?

Investors in silver have seen prices soar, crash back, and now perhaps begin to pick up again. Why does explosive silver behave so differently from far steadier gold?    Wednesday , 25 May 2011

LME copper price steadies, but upside may be limited

The copper price steadied a little this morning on news that Asian countries and investors prepared to buy European bail-out bonds.    Thursday , 26 May 2011

Investors need to look to gold price and currency in due diligence

Today's 'Briefing from Benoni' looks at is gold rising, or is it that the dollar and euro are falling. Investors need to take account of currencies when making precious metals investment decisions.    Wednesday , 25 May 2011

Argentex hits more silver, gold in near-surface oxides

As Argentex Mining targets its drill rigs on oxide resources within 50 metres of surface, it hopes to expand more easily mined resources.    Wednesday , 25 May 2011

Southern Arc hits more 'blow-outs' in hunt for gold and silver in Indonesia

Eyeing potential for high-grade gold tonnage, Southern Arc reports on another swelling gold-silver mineralized vein in Indonesia.    Wednesday , 25 May 2011

LME due to take further steps in adressing warehousing bottlenecks

The London Metal Exchange is to review warehousing bottlenecks and aims to take further steps in addressing them.    Wednesday , 25 May 2011

Straits Resources to make offer for remaining Goldminco shares

Straits Resources said it will be making an offer to Goldminco to buy its remaining shares for 10 Canadian cents per share.    Wednesday , 25 May 2011

Resourcehouse's IPO launch delayed due to decline in commodity prices

The company's $3.6bn Hong Kong IPO launch was postponed by four days due to 'unfafourable market conditions'    Wednesday , 25 May 2011

Ausenco awarded Samarco pipeline contract

Iron ore producer Samarco is building a pipeline to transport iron ore concentrate slurry from its Germano mine to Ubú and Ausenco has been awarded the detailed engineering contract for the project.    Wednesday , 25 May 2011

Rare earths processing technology breakthrough

AMMTEC has successfully operated a demo plant using Arafura Resources' hydrochloric acid regeneration system - a key component in the flowsheet for the company's Nolans rare earths project    Wednesday , 25 May 2011

Gold flat to weaker in Asian trade - upside resistance seen at $1530

A continuingly weak Euro saw gold hit new record in the Eurozone currency but in dollars price drifted in today's Asian trade.    Wednesday , 25 May 2011

Glencore Hong Kong initial trading sees fall in price below listing

Following a relatively weak opening for its new IPO in London, the commodity trader's Hong Kong opening was also decidedly lacklustre.    Wednesday , 25 May 2011

Q1 output falls 4.2%, costs rise at world's biggest copper mine

Lower ore grades and maintenance work on crushing and conveyor system led to a 4.2% fall in Q1 copper output at Escondida in Chile. Profit rose on higher prices.    Wednesday , 25 May 2011

Yesterday's top story: Gold and silver stock volatility doesn't need to be a risk - Rule

Advice from Rick Rule to go for the big wins by betting on the best teams with the best chances of discovery and by also using a global counterintuitive approach.    Saturday , 21 May 2011

PODCASTS / RADIO                                                     

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

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

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CONFERENCES

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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