Tuesday, June 14, 2011

MINEWEB.COM'S TOP STORIES: Hecla Mining's $263m settlement resolves one of the largest Superfund cases

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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.
 

TOP STORIES | Tuesday , 14 Jun 2011                                                     

Hecla Mining's $263m settlement resolves one of the largest Superfund cases

With Hecla's $263 million settlement, decades of litigation regarding the Bunker Hill Superfund Site come to a close, providing a clean path to restoration of the Coeur d'Alene River Basin.    Tuesday , 14 Jun 2011

Glencore announces 45% jump in Q1 operating profit

The recently-listed commodities trader said its marketing arm got a boost from market volatility and added that it expects demand for commodities to remain strong    Tuesday , 14 Jun 2011

Immigration surges as Australia's mining boom resonates in Europe

Highly skilled immigrants are jumping at the chance to earn good salaries in Australia's mining towns as Europe continues to struggle    Tuesday , 14 Jun 2011

Antam Alumina JV gets $292m loan from Japanese banks

State-owned gold miner Aneka Tambang (Antam) is getting help from Japanese banks to finance a $450 million chemical grade alumina project in West Kalimantan Province.    Tuesday , 14 Jun 2011

Redstar bets on Alaskan gold-silver in Aleutian Islands

Redstar Gold is looking to a past-producing mine in Alaska in the hopes of confirming - and expanding - historically high-grade gold.    Monday , 13 Jun 2011

Anti-Posco steel plant sentiment grows in India

Even as land acquisition for Posco's much-delayed 12 million tonne steel project near Paradip in Orissa was gathering pace, political parties and agitation groups have gathered onsite opposing the project.    Monday , 13 Jun 2011

U.S. looking to India for rough diamonds as global market continues to recover

Diamond houses and retailers in the U.S. are buying their stones from India, with imports In the month of April climbing to an all-time high at 70,209 carats    Monday , 13 Jun 2011

Newmont's O'Brien sees gold at $1600 this year and higher next

Newmont CEO, richard O'Brien remains confident on the gold price near term, and also on copper, in comments made at a World Economic Forum meeting in Jakarta    Monday , 13 Jun 2011

Xstrata to begin iron ore shipments from Australia

As part of a A$589m redesign of its Ernest Henry copper and gold mine it will begin exporting iron ore concentrate from Australia to buyers in Asia    Tuesday , 14 Jun 2011

Southdown magnetite project DFS contract awarded

Engineering company AMEC Minproc and consultants GHD have been awarded the principal work on Grange Resources' big Southdown Magnetite Project in Western Australia.    Tuesday , 14 Jun 2011

Gold prices remain range bound despite serious currency problems

Weakness in both the U.S. dollar and the euro are expected to continue and, possibly get worse, which bodes well for gold.    Tuesday , 14 Jun 2011

Chinese steel output hits record in May

Defying continued credit tightening, tiny margins and power concerns to produce 60.25m tonnes of steel in May but, daily output did decline slightly.    Tuesday , 14 Jun 2011

CST Mining shares jump 28% on Glencore asset sale

News that CST Mining would sell its resources unit to Glencore for $475m boosted the appeal of the shares in Hong Kong trade    Tuesday , 14 Jun 2011

Cote d'Ivoire gold output to double in 2 years

World's largest cocoa producer is undergoing a gold mining boom which will likely see production doubling from current 7 tonnes within next two years    Monday , 13 Jun 2011

Wage talks under way for S. African gold and coal miners

South Africa's National Union of mineworkers has started negotiations with the Chamber of Mines over its 14% wage demand for gold and coal miner union members.    Monday , 13 Jun 2011

The logical irresponsibility behind Bernanke's cheap money policy

With the machinations of the U.S. Fed such a key driver of gold and silver prices we look at the logic behind its cheap money policy and ask the question - Does Ben Bernanke want us to trust him? Maybe not...    Monday , 13 Jun 2011

New 50% bigger Kalukundi copper/cobalt project study awarded

The once disputed Kalukundi copper/cobalt project in the DRC is now seeing a new Bankable Feasibility Study based on increased mining and plant throughput of over 50%.    Tuesday , 14 Jun 2011

Yesterday's Top Story: Glencore said to be mulling $20 billion ENRC takeover

Now Glencore has successfully negotiated its IPO, it is reported to be setting its sights on growth by acquisition with ENRC its latest target    Monday , 13 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

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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