Friday, June 17, 2011

MINEWEB.COM'S TOP STORIES: Chinese officials predict excess global rare earth supplies in 5 years

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TOP STORIES | Friday , 17 Jun 2011                                                     

Chinese officials predict excess global rare earth supplies in 5 years

As heavy rare earths prices doubled within the past two weeks, Chinese officials are concentrating on cleaning up and consolidating the country's domestic REE industry.    Friday , 17 Jun 2011

Molycorp's Mountain Pass REO $781m project expansion now fully funded

Insider stock sales notwithstanding, Molycorp says it's on time and on budget for both phases of its Mountain Pass rare earth oxides facilities expansion and modernization project.    Friday , 17 Jun 2011

Touch and go for gold this summer

The level of event risk present over the next few months makes the gold market and, indeed, the fate of the global economy far too close to call    Thursday , 16 Jun 2011

NGEx pushes limits of massive copper-gold porphyry to the west

In its latest round of drilling NGEx Resources gets solid results, with copper-gold mineralization moving farther to the west and to depths of 900 metres.    Thursday , 16 Jun 2011

India raises interest rates, worrying signs for gold

Retail investors in India deterred by price volatility combined with inflation, which reduces funds available for saving are ready to shun gold.    Thursday , 16 Jun 2011

South Australian rare earths complex study buoys Arafura

The rare earths explorer said Friday it welcomed the S. Australian government's release of guidelines for an Environmental Impact Statement on a rare earths complex at the industrial city of Whyalla    Friday , 17 Jun 2011

Sulliden Gold triples gold resources in Peru to 3 million ounces

Sulliden will set a feasibility study, expected to expand project size to 150,000 ounces gold equivalent production a year, in a now much beefier resource base.    Thursday , 16 Jun 2011

From mine to magnet: Rare earths A to Z

A detailed look at the rare earth elements (REEs)and the pitfalls facing the junior miners trying to get REE projects off the ground, and for investors.    Friday , 17 Jun 2011

Tax issues at Konkola Copper Mines, First Quantum - Zambian Finance Minister

According to the country's finance minister, Situmbeko Musokotwane, audits have highlighted tax 'issues' with the two firms in addition to those already found in Glencore's Zambian subsidiary    Friday , 17 Jun 2011

Japanese copper output to fall 21% in H1 2011/2012

Damage to copper plants from the March 11 earthquake have dealt the country's copper smelting capacity a blow and will affect production in the Apr-Sep first half    Friday , 17 Jun 2011

Silver crash a "setup" - Eric Sprott

Silver proponent Eric Sprott reckons that market manipulation by a couple of very big players was behind the sliver price crash in May but price will be back to $50 "before we know it"    Friday , 17 Jun 2011

Drummond, Itochu to market Colombian coal to Asia

U.S. based Drummond Coal has teamed up with Japan's Itochu Corp in a deal worth $1.5bn to help the U.S. firm fund its ongoing capital program in Colombia focused on increasing coal exports from the region.    Thursday , 16 Jun 2011

Tata Steel sells Riversdale stake to Rio Tinto

Tata Steel agreed Thursday to sell its 26% stake in the Australian coal miner to Rio Tinto for $1.1bn. The agreement finally gives Rio Tinto 100% control of Riversdale    Thursday , 16 Jun 2011

Strike over at AngloGold's Cerro Vanguardia gold and silver mine

AngloGold said its Cerro Vanguardia mine in Argentina was operating normally on Thursday after workers ended a strike after reaching a deal with management    Thursday , 16 Jun 2011

Russia's gold, forex reserves rise to new post-crisis record

According to central bank data released on Thursday, Russia's gold and foreign exchange reserves rose to $528bn in the week to June 10.    Thursday , 16 Jun 2011

Zijin Mining to issue U.S bond

In a filing to the Hong Kong bourse late on Thursday the Chinese miner said the proceeds from the proposed U.S. bond issue would be used to fund the acquisition of copper concentrates overseas    Friday , 17 Jun 2011

Yesterday's Top Story: Five percent of gold juniors deliver 90% of the performance - Cook and Rule

Success seldom comes true in the risky junior exploration sector but investors may have driven some junior gold stock prices up into multiples of their true value. Gold Report interview.    Thursday , 16 Jun 2011

PODCASTS / RADIO                                                     

A cloudy outlook for gold at the moment

There are a lot of reasons why people should look to invest in gold at the moment, says Tiberius Asset Management's head of trading, but, there are also reasons why, in the short term, it might be best to stay away

Elections, taxes and the return of the diamond sector

David Hargreaves, mining consultant to XCAP Securities talks about the longer term implications of Humala's election win in Peru, the mining tax in Australia and how much higher diamond prices can go.

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.

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CONFERENCES

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Date: 01 August 2011 - 03 August 2011
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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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Europe

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

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Africa

Barry Sergeant, JHB

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Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

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