Wednesday, June 22, 2011

MINEWEB.COM'S TOP STORIES: House Subcommittee to review U.S. gold reserves audit bill Thursday

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FEATURED PODCAST                                                     

Bubble talk, Greece and gold's solid fundamentals - Adrian Ash

"I often get anxious when I can't see a problem with the gold market... But just looking at monetary policy and looking at the outlook, it is difficult to see it coming off any time soon"
 

TOP STORIES | Wednesday , 22 Jun 2011                                                     

House Subcommittee to review U.S. gold reserves audit bill Thursday

As Rep. Ron Paul embarks on his third run for the White House, he continues a political campaign to force the U.S. Treasury Department to audit the nation's gold reserves.    Wednesday , 22 Jun 2011

Resource nationalism, a company survival guide

These days resource nationalism is less about outright expropriation and more about higher taxes and a desire for control over strategic minerals and, companies should be prepared    Tuesday , 21 Jun 2011

Golden Cross visualises a staged commissioning of Copper Hills

The explorer said it plans to develop its Copper Hills project in a number of stages, with an initial mining rate of between 2 and 3 million tonnes per year in order to minimise the up-front costs    Wednesday , 22 Jun 2011

IAMGOLD warns of drop in 2Q11 gold production

Despite production problems at its Rosebel and Esskane mines, IAMGOLD says it will meet its 2011 gold production guidance.    Wednesday , 22 Jun 2011

B2Gold worker missing as flooding shuts down underground mine in Nicaragua

Heavy rains hit B2Gold's Limon mine in Nicaragua over the weekend, forcing an evacuation of underground operations and leaving one worker unaccounted for.    Tuesday , 21 Jun 2011

Middle East and Asian demand boost India's gold exports

While cut and polished diamonds accounted for 65.49% of the total gem and jewellery export in India's fiscal 2011, the export of gold items in the following two months has fetched $1.24bn.    Tuesday , 21 Jun 2011

Extorre shareprice climbs on new plan for Cerro Moro silver-gold project

Back to back scoping studies will envision a bigger mining operation at Extorre's Cerro Moro silver-gold project in Argentina and possibly push back a production decision.    Tuesday , 21 Jun 2011

Rare Earths mining, processing and supply outside China - Fulp

The Critical Metals Report talks to Mickey Fulp about the prospects for future rare earths supply chains independent of the current virtual Chinese monopoly.    Wednesday , 22 Jun 2011

If Greece really does default then what?

An analysis of the effects of a possible Greek default and its impact, not only on Europe but also on the U.S. and the global banking system - overall should be positive for gold.    Tuesday , 21 Jun 2011

Grand Canyon mining ban frustrating - Denison

Denison Mines CEO, Ron Hochstein said, while three of its Arizona Strip projects are unaffected, it is yet unclear whether or not the ban-extension will affect its EZ Complex uranium deposits in Arizona.    Wednesday , 22 Jun 2011

Many gold stocks undervalued and oversold amidst governmental financial spin

Governmental propaganda can be misleading but in the current situation precious metals should remain strong and undervalued gold stocks provide huge opportunities.    Tuesday , 21 Jun 2011

Philex Mining announces increased resources at $1bn copper-gold project

The Philippine miner said Wednesday a recently-completed, independent mineral resource estimate indicates its Boyongan-Bayugo copper-gold prospect contains 5 billion pounds of copper and 9 million ounces of gold    Wednesday , 22 Jun 2011

China's share of global rare earth output to drop steeply

According to former Ministry of Industry and Information Technology (MIIT) official, Wang Caifeng, as other countries ramp up production, China's hold on global output will decline rapidly    Wednesday , 22 Jun 2011

Chinese investors think Australia discriminates against them - report

According to a new report by the Lowy Institute for International Policy, while Australia is China's top foreign investment destination, Chinese investors feel discriminated against    Tuesday , 21 Jun 2011

No coal shipments from Isaac Plains expected in June - Aquila

The Australian firm warned that two coal shipments it had expected from its Isaac Plains operation would not be delivered because of an ongoing dispute with Brazil    Wednesday , 22 Jun 2011

China-bound iron ore cargo rerouted to Italy - Vale

The Brazilian miner said Tuesday it had rerouted 391,000 tonnes of iron ore bound for China to Italy "based on the needs of the market"    Wednesday , 22 Jun 2011

Interros official elected as Norilsk Nickel chairman

The Russian nickel miner's new board elected Andrei Bugrov, an official from the investment vehicle of Norilsk's major shareholder Vladimir Potanin, as its chairman    Wednesday , 22 Jun 2011

Gold gains, U.S. debt woes "Far exceed Europe's" as "High Noon" approaches

Gold advanced a little this morning ahead of the Greek confidence vote amidst talk that U.S. economy is in even worse state than the European.    Tuesday , 21 Jun 2011

Rio Tinto upping Ivanhoe stake to 46.5%

Mining giant Rio Tinto is to exercise warrants to up its stake in Ivanhoe with which it is developing the massive Oyu Tolgoi copper-gold-silver project in Mongolia    Tuesday , 21 Jun 2011

Yesterday's Top Story: Allana eyes larger Ethiopian mining project as potash resource swells

Allana Potash's president and CEO, Farhad Abasov, says talks are underway with multiple partners for offtake and financing agreements covering its Danakhil potash project.    Monday , 20 Jun 2011

PODCASTS / RADIO                                                     

The continued rise of resource nationalism - Ben Cattaneo, Stratos

The election of Ollanta Humala in Peru has created another, in what is a long list of debates about resource nationalism but, it does hold some challenges for mining companies

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.

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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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