Thursday, June 2, 2011

MINEWEB.COM'S TOP STORIES: China's increased dominance of global commodities market carries risk-S&P

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TOP STORIES | Thursday , 02 Jun 2011                                                     

China's increased dominance of global commodities market carries risk-S&P

As China becomes the dominant presence in global commodities markets, S&P feels downside scenarios are unlikely to occur, "but the shocks will be felt around the commodities world."    Thursday , 02 Jun 2011

Endeavour Silver after more silver-gold in Mexico's Guanacevi district

Bringing more prospective land under its umbrella, Endeavour Silver looks for more high grade silver-gold not far away from its Porvenir silver-gold mine.    Thursday , 02 Jun 2011

NV state budget deal hits mining operations for a total of $93mn

While Nevada explorationists get a $37.4 million tax break, thanks to a new court decision, Nevada's mining operators will pay an extra $24 million over the next two years.    Thursday , 02 Jun 2011

African Gold Group triples strike length of key oxide gold zone in Mali

An aggressive step-out program expanding mineralization lends support to African Gold's goal of growing resources at Kobada to two million ounces gold.    Wednesday , 01 Jun 2011

This year, it may pay gold investors to hang around in May

The next few months are likely to see gold continue higher on the back of continued concerns about debt, not just in Europe but also the US after which a modest correction is on the cards    Wednesday , 01 Jun 2011

Timminco extends silicon supply contract for another year

The new contract should fetch the company higher prices this year but will limit the extent of further increases. The contract also raised the quantity of silicon to be delivered by its Becancour Silicon unit    Thursday , 02 Jun 2011

Colombia Crest gold hits new porphyry-gold target in Colombia

Shares in the Canadian miner jumped as much as 8% on the announcement that it has found a new porphyry-gold style target on its Venecia and Fredonia projects in Colombia    Thursday , 02 Jun 2011

EIB halts all new loans to Glencore on governance concerns

The European Investment Bank has frozen all new loans to the commodities trader because of serious concerns about the group's corporate governance    Wednesday , 01 Jun 2011

South Africa to implement new mine safety regulations by 2012

South Africa's Mineral Resources Minister, Susan Shabangu says the new regulations will help to tackle rising mine deaths in the country    Wednesday , 01 Jun 2011

Fortuna Silver achieves better than expected start-up production rate

The Canadian miner said it has reached a start-up production rate of 1,000 tonnes per day as opposed to the expected 750 tpd and expects to more than quadruple metal production by 2019    Thursday , 02 Jun 2011

Australian coal sector makes swift recovery after floods

According to the country's resources minister, pumping out the mines and returning to production has required enormous efforts and industry is to be commended on the speed at which production has resumed    Wednesday , 01 Jun 2011

U.S. jobs, manufacturing data weighs on LME copper

Copper prices in London fell on Thursday, extending the previous session's losses as disappointing data out of the U.S. raised concerns about global economic recovery    Thursday , 02 Jun 2011

Outokumpu to sell Talvivaara stake to cut debt

The loss-making stainless steel group said it will sell its 4.3% stake in the miner to the Finnish state as part of a deal to cut debt and boost its finances.    Wednesday , 01 Jun 2011

Metso in €200 million plant and technology deal for Mikheevsky GOK copper project

Metso has been contracted to supply and service key equipment for a major mineral processing plant being constructed by Russia's third largest copper miner.    Thursday , 02 Jun 2011

Yesterday's Top Story: Peru suspends mining concessions in several provinces

As anti-mining protests in Peru threaten the upcoming presidential elections, President Alan Garcia Pérez has suspended mining concessions in several provinces as a new commission examines possible reforms.    Wednesday , 01 Jun 2011

PODCASTS / RADIO                                                     

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

Greece, US debt and their impact on commodity markets

Investec's Michael Power takes us through the impact of the end of QE2, the continuing escalation of the euro zone's problems the rise of Indian and Chinese coal demand

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.

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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

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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