Friday, May 27, 2011

MINEWEB.COM'S TOP STORIES: U.S. Senators introduce bipartisan Critical Minerals Policy Act

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TOP STORIES | Friday , 27 May 2011                                                     

U.S. Senators introduce bipartisan Critical Minerals Policy Act

The Critical Minerals Policy Act hopes to keep American companies competitive, protect the U.S. economy, and help create jobs.    Friday , 27 May 2011

Heavy rains a setback for Pueblo Viejo gold project start-up

The Pueblo Viejo gold project has sustained a setback as heavy rains threaten to destroy a tailings dam now under construction, delaying the planned 1Q12 start-up of the operation.    Friday , 27 May 2011

Castle to hit old Granduc copper mine with underground drills from 17-km long tunnel

Castle Resources looks to expand on historic resources by drilling year-round and has a mind to bring the Granduc copper mine back into production by 2014-2015.    Thursday , 26 May 2011

Decision on Barrick/Antofagasta 3.3 bn Reko Diq gold/copper project imminent

The province of Baluchistan in Pakistan, located next to thge borders of Iran and Afghanistan is now expected to decide on issuance of Reko Diq copper/gold project mining lease next week.    Thursday , 26 May 2011

Trelawney shifts corporate gears as 4.2M ounce gold deposit grows

Once focused on high grade veins, Trelawney Resources has shifted its gaze to Côté Lake where lower grade gold mineralization is rapidly expanding with ongoing drilling.    Thursday , 26 May 2011

Chinese gold imports surging - and still growing

London specialist consultancy GFMS reckons Chinese gold imports could exceed 400 tonnes in 2011 with silver, too, expected to exceed domestic supply    Thursday , 26 May 2011

Chinese rare earth producer gets approval for rare earth exchange - report

According to Chinese state-media, Baotou Steel Rare Earth Hi Tech has won approval from local government to start an exchange to trade in the metals    Friday , 27 May 2011

Minmetals to receive $150.4m for equinox stake sale

The unit of China's state-run China Minmetals, said it would sell its entire stake in Equinox Minerals for $150.4m after it withdrew its bid for the copper miner    Friday , 27 May 2011

Novelis to expand sheet metal capacity

The firm that recycles beverage cans to make aluminium products says it plans to build a new plant in North America to increase total N. American capacity by 20%    Friday , 27 May 2011

Protestors block highways in Colombia's mail oil and coal provinces

The demonstrators took to the streets to protest legislation that would share royalty incomes more evenly with other regions of the country. But, officials say, so far production has not been affected as yet.    Friday , 27 May 2011

Massey shareholders to block $7.1bn Alpha merger

Several pension funds that invested in Massey Energy have sued to block a vote by shareholders set for next week because they say the price is at a discount because of the impact of managements' poor safety record    Friday , 27 May 2011

Ecuador to obtain higher royalties from US, Canadian miners

The Andean country's natural resources minister said Thursday it expects to obtain higher royalties from copper, silver and gold mines run North American companies    Friday , 27 May 2011

Lundin stock takes a dive after 'No M&A' statement

Lundin Mining shares fell over 16% on consideration of news that it was rejecting buyout bids and that the CEO was resigning.    Thursday , 26 May 2011

Gold Fields' Damang gold mine chooses Micromine Pitram Optimum software system

Mining and exploration software provider, Micromine, is in the process of installing its Pitram Optimum mine control and reporting system at the Damang gold mine in Ghana    Friday , 27 May 2011

Yesterday's Top Story: Headed for a 'Gold Standard System' by 2014 - Ian Gordon

80 Years on from the Great Depression, Ian Gordon reckons financial cycles suggest we are due for another collapse, but this time even worse. Gold and gold stocks may provide protection. Gold Report interview.    Wednesday , 25 May 2011

PODCASTS / RADIO                                                     

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.

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.

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

Kimber intercepts 5.2 metres of 51.9 g/t gold and 1,076 gt silver below Carmen gold-silver deposit, Monterde project

Hole MTRD-477 hits multiple structures below previous drilling, improving potential for underground extraction of Carmen Deep areas

Vancouver, British Columbia - Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) is pleased to announce the results of a further 8 drill holes from its ongoing drill program at the Carmen Deposit at its Monterde Project in Mexico. Hole MTRD-477 was drilled with the objective of expanding and upgrading mineral resources potentially amenable to underground extraction ("Carmen Deep" target) and intersected multiple high grade zones of gold-silver mineralization.

For the full release click here.

 

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

FEATURED
COMPANY

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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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