Monday, May 16, 2011

MINEWEB.COM'S TOP STORIES: Sumitomo, Quadra FNX form $2.9 bn Sierra Gorda copper-moly project JV

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Monday , 16 May 2011                                                     

Sumitomo, Quadra FNX form $2.9 bn Sierra Gorda copper-moly project JV

A feasibility study has determined the nearly $3 billion Sierra Gorda copper-moly project in Chile could supply up to 9% of Japan's copper concentrate imports. Japan's Sumitomo Mining taking major stake.    Monday , 16 May 2011

Now Zimbabwe talks of a gold standard while warning of U.S. dollar devaluation

Zimbabwe's Central Bank governor has gone on record as warning about the fall in value of the U.S. dollar while suggesting that his country should move towards a gold backing for its own currency.    Monday , 16 May 2011

TD Securities' Melek predicts platinum group will outshine other precious, base metals

TD Securities says platinum and palladium fabrication demand will overwhelm PGM mine growth into 2013, outperforming other precious and base metals.    Monday , 16 May 2011

Silver price? Look to the gold:silver ratio

The big fall in the gold:silver ratio over the past few months points, perhaps, to the future decline in the ratio not being as steep as experienced in the first few months of this year.    Friday , 13 May 2011

QE end could see substantial gold price slump - Goldman

Jeff Currie of Goldman Sachs reckons the end of QE could lead to a 'substantial pullback' in the gold price    Sunday , 15 May 2011

After all that gold and silver fall-out, where are we now?

A period of calm and consolidation would be welcome after the see-sawing in gold and silver prices, but is there any likelihood of this happening during the slacker northern summer months?    Saturday , 14 May 2011

Net gold, silver, copper long positions cut last week

Latest CFTC figures show sharp cuts in gold, silver and copper speculative net long posiutions in past week.    Saturday , 14 May 2011

Glencore narrows IPO range on strong demand

Reports from Hong Kong suggest that with strong demand for its forthcoming IPO, Glencore has narrowed the price range while pushing up its mid-point    Monday , 16 May 2011

Australian zirconium project MoU signed

The long hibernation of a zirconia project in NSW may be about to end through a deal struck with what owner Alkane Resources describes as a leading trading and a leading chemical company.    Monday , 16 May 2011

Construction at giant Oyu Tolgoi copper gold project ahead of schedule

While reporting a wider net loss in Q1 due to a major accounting write-down, Ivanhoe Mines reported that construction at its Oyu Togoi copper-gold project it is developing with Rio Tinto was slightly ahead of schedule    Monday , 16 May 2011

How much gold and silver - and which type of assets - should you own?

On the basis that investors should own at least a percentage of gold and/or silver in their portfolios, this article looks at the types of investments available in the sector.    Monday , 16 May 2011

South African coal madness takes its toll

Politicisation of controls over South Africa's Richards Bay coal exports and some strange decisions by the DMR are leaving parts of South Africa's coal sector in some disarray.    Sunday , 15 May 2011

Anglo Platinum bails out Anooraq: Here we go again!

Anooraq, with one of South Africa's best potential platinum operations gets another bail out from Anglo Platinum, this time for CAD 96m to repay high interest debt    Sunday , 15 May 2011

Silver set to shine again in India

Silver producers in India are on a high. Undaunted by falling prices, producers have charted out a growth story that will place India amongst the top 10 silver producing nations within the next two years, with production topping 20 million ounces.    Friday , 13 May 2011

A fragile South African iron ore story

Given its parent company's policy, Arcelor Mittal South Africa's proposal to buy an iron ore prospect in the Northern Cape is as strange as it gets.    Friday , 13 May 2011

Slide in silver prices could be short-lived - Dillon Gage

World demand for silver in coins, industrial uses and jewelry remains strong and support is seen at the $32 an ounce level suggesting the recent drop in prices could be a brief hiatus.    Friday , 13 May 2011

Alexco turns in 'historic' first full quarter of silver production

Alexco is off to a good start in the Yukon; its first full quarter of production generated a healthy profit, and guidance remains steady.    Friday , 13 May 2011

MAG Silver versus Fresnillo: David and Goliath both claim victory

The relationship between Fresnillo and MAG Silver does not appear to be getting any friendlier, as sparring - and spinning - continues over the outcome of ICC arbitration.    Friday , 13 May 2011

South Africa's platinum miners battling to stand still

The violent strike at Eastplats focuses investor attention on South Africa's intensifying platinum sector headwinds where mining companies are battling to control costs despite high metals prices.    Friday , 13 May 2011

Gold and silver rally in Europe, but PIG economies seem set for default

London Gold Market Report: Dollar-gold adds 1% for the week as Eurozone defaults "look certain". Asian buying remains "strong"    Friday , 13 May 2011

Catalpa is unhappy suitor in merger plan for two WA gold miners

Gold miner Catalpa Resources is not happy that a proposed merger with St Barbara was made public this morning about the time the Catalpa directors were to meet to discuss the proposal, received on Wednesday.    Friday , 13 May 2011

Whitehaven Coal drops auction as no bid high enough

The hoped-for $3.7 billion sale of Australia's Whitehaven Coal's assets has been withdrawn as no sufficiently high offers have been made.    Monday , 16 May 2011

Weekend top story: Good news and bad news on gold mining stocks

Fund and portfolio manager Ken Gerbino's take on the current state of gold and precious metals stocks and advice on investing in the sector    Friday , 13 May 2011

PODCASTS / RADIO                                                     

Global steel and the important role of India -Mike Elliot

Ernst & Young's Mike Elliot says, while India looks set to become a global steel powerhouse, over capacity remains a concern globally as does the continued increase in input costs

Profit taking, rotation, mining quarterlies and the minor metals

This week's edition of Barry Sergeant on Mining looks at the numbers out from Vale and some big gold miners, the commodity sell off and the likelihood of rotation

Investment demand to underpin platinum prices, despite expected surplus - GFMS

According to GFMS's Platinum and palladium survey, platinum prices are expected to continue to firm in 2011 as investment demand picks up the slack, despite an expected surplus

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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
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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