Thursday, June 9, 2011

MINEWEB.COM'S TOP STORIES: Big Australian search for major new iron ore deposits

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TOP STORIES | Thursday , 09 Jun 2011                                                     

Big Australian search for major new iron ore deposits

The big market, and high prices, for iron ore has Australian miners and prospectors searching for more big new deposits that could rival those of mega miners BHP and Rio Tinto    Thursday , 09 Jun 2011

Three reasons why gold is going to have a big summer - Embry

As concerns grow once more about the health of the global economy and the nature of gold demand shifts, so the yellow metal is likely to shrug off its traditional summer funk.    Wednesday , 08 Jun 2011

Unprecedented teamwork of complete strangers helped save Chilean miners

Whatever happened to the 33 rescued Chilean miners? Currently they're too busy speaking about their ordeal to return to mining, says one of the drillers who helped rescue them.    Thursday , 09 Jun 2011

Australia's biggest gold miner cuts guidance - again

Tier 1 gold miner, Newcrest, cuts gold guidance for second time due to power failure at its major Lihir mine which will take 3 weeks to fix but says cost guidance remains unchanged.    Thursday , 09 Jun 2011

Bearish on currencies so silver and gold companies interesting investments - Jason Mann

Mann, a senior analyst with Freestone, explains why about one third of $2.1 billion in assets under management are invested in non-traditional assets, including precious metals. Gold Report interview    Thursday , 09 Jun 2011

Pretium cuts super bonanza gold-silver intercept at Brucejack project

As part of drilling for an updated resource of its high-grade Brucejack project, Bob Quartermain's Pretium Resources hit another enormouslyy high-grade intercept @ 18,755 g/t gold and 9,312 g/t silver.    Wednesday , 08 Jun 2011

Mexican gold/silver project gets leaner and meaner for Kimber Resources

By taking a hard second look at its Monterde gold/silver project design, Kimber Resources has made deep savings on projected mine costs by attacking stripping ratio.    Wednesday , 08 Jun 2011

Silver mine developer Bear Creek hit again by Peruvian anti-mining protests

Bear Creek stock has fallen back again as protests resume in Peru's Puno region with protestors seeking an end to all mining in the province    Thursday , 09 Jun 2011

TNG and METS file international patent application for TIVAN hydromet process

An international patent has been applied-for for what is to be called the TIVAN hydrometallurgical process developed to extract vanadium and titanium from Mount Peake ores    Thursday , 09 Jun 2011

Hong Kong's Noble Group enters bidding for Territory Resources

Noble Group has offered A$0.50 a share for iron ore junior Territory Resources outbidding South Africa's Exxaro by 9%    Thursday , 09 Jun 2011

Steeply rising mining costs may impact mining company earnings

Despite high metals prices mining company earnings are likely to be adversely impacted by ever-rising capital and operating costs    Wednesday , 08 Jun 2011

AngloGold says any Tanzanian "super profits" tax will not apply

AngloGold Ashanti reckons that its tax agreements with the Tanzanian government will mean any super profits tax will not apply to it Geita mine.    Wednesday , 08 Jun 2011

Documents confirm Tanzania is looking at mining "super profit tax"

Documents seen by Reuters show that Tanzania is mulling a "super profits tax" on mining to help fund its five-year development plan.    Wednesday , 08 Jun 2011

Massive Oyu Tolgoi copper-gold mine buys South African mining simulators

South Africa's Thoroughtec has secured an order from Rio Tinto for its CYBERMINE mining simulators for the giant Oyu Tolgoi copper/gold mine in Mongolia    Wednesday , 08 Jun 2011

BHP/Mitsubishi Alliance coal miners vote to strike next week

Miners at Australia and the World's biggest metallurgical coal exporter have voted to strike in a move which could put further upwards pressure on coal prices    Wednesday , 08 Jun 2011

African Barrick Gold unaware of any Tanzanian plans to impose mining windfall tax

African Barrick's shares dropped on reports that Tanzania would impose a super tax on miners' windfall profits. Company says it has not been involved in any discussions on the issue    Wednesday , 08 Jun 2011

India set to overtake US in diamond jewellery sales

India, which was in fourth position in terms of purchasing power parity in 2009, is set to climb to the second spot after China, with the US slipping to third    Wednesday , 08 Jun 2011

Bernanke speech gives no hint of QE3 - gold falls back

Comments by Ben Bernake in a speech have punctured expectations for imminent QE3, leading to reduced pressure on dollar and gold price slipping    Wednesday , 08 Jun 2011

Spot iron ore prices recover as Chinese steel mills restock

A recent drop in iron ore prices has led to Chinese steel mills restocking after record steel production in first five months of year.    Wednesday , 08 Jun 2011

Alcoa CEO reckons great scope for aluminum to replace copper

Alcoa's CEO welcomes the current high prices for copper seeing at even more reason for much cheaper aluminium to be used to replace the red metal in many applications.    Wednesday , 08 Jun 2011

Humala offers Peru miners some reassurances on windfall taxes

Newly elected Peru President Humala appears to be softening his approach on mine taxation but still says mining profits should help pay for social programs for the poor.    Wednesday , 08 Jun 2011

China tightening its rare earth element production controls

China is restructuring its rare earths mining activities in Inner Mongolia - its main source of rare earths - giving Baotou, the principal producer, a virtual monopoly in the region.    Wednesday , 08 Jun 2011

Yesterday's Top Story: Top 40 mining companies' 2010 financial results 'spectacular'-PwC

PwC says mining demand continues to be stoked by strong emerging markets growth although the cost base of the industry permanently changed as lower grades and labor shortages take effect.    Wednesday , 08 Jun 2011

PODCASTS / RADIO                                                     

Gold could hit $1,650 this summer - Embry

Problems in both the U.S. and Europe as well as continued growth in investment demand are some of the reasons why Sprott's John Embry believes gold is likely to have a good summer.

The state of Nuclear after Fukushima and Germany

Steve Kidd, deputy director general at the World Nuclear Association, takes a look at the long term outlook for nuclear power in a post Fukushima world without Germany as a major player

Gold well supported by fundamentals but a small correction is on the cards - Melek

This year, selling in May and going away might not be the best strategy for the gold market as there are some rather important macroeconomic events occuring over the next few months that will have a bearing on the metal

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Editorial

Europe

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

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Africa

Barry Sergeant, JHB

Thembelihle Nciweni, 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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