Tuesday, June 21, 2011

MINEWEB.COM'S TOP STORIES: Interior Secretary favors permanent new mining claim ban in Grand Canyon region

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Tuesday , 21 Jun 2011                                                     

Interior Secretary favors permanent new mining claim ban in Grand Canyon region

U.S. Secretary of the Interior Ken Salazar is willing to support "cautious and modern uranium development," but opposes further expansion of uranium mining in areas surrounding the Grand Canyon.    Tuesday , 21 Jun 2011

China: huge increase in gold and silver coin minting to meet demand

As yet another confirmation of the ever growing public investment demand for precious metals in China, the Peoples Bank of China has announced it is very substantially increasing its issuance of gold and silver coins this year.    Monday , 20 Jun 2011

Summer of 'sturm und drang' to keep gold on positive path

Economic and political instability looks to be the dominant factor this northern summer and the odds favor gold price volatility with sharply rising price rises a likely outcome.    Tuesday , 21 Jun 2011

LME board struggles to reform metals warehousing logistics

LME traders and aluminum consumers are fighting mad about alleged abuses of metals warehousing logistics at LME Detroit warehouse storage facilities, raising concerns about their ownership.    Tuesday , 21 Jun 2011

Chinese fail to complete financing with Acadian Mining

An $8.1 million financing appears to have fallen through for Acadian Mining as China Metallurgical Exploration misses a July 17 deadline.    Monday , 20 Jun 2011

No damage reported from Chile's quake hit north

A 6.3 magnitude earthquake hit Chile's copper rich north on Monday but there have been no reports of damage at any of the country's major mines    Tuesday , 21 Jun 2011

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

Imports of gold and silver soar 222% in India

Precious metals continue to be the fancy of Indian investors with the country recording $9 billion of imports in just one month, puzzling economists and analysts.    Monday , 20 Jun 2011

Resource companies still betting big on China

Despite bearish calls on China by Nouriel Roubini, miners continue to place bets on the continued growth of the Middle Kingdom.    Monday , 20 Jun 2011

Sumitomo deal to close in August or September - Molycorp

The rare earths miner said it continues to see strong demand for its rare earths products and expects the $130m debt and equity deal with Sumitomo to close in the third quarter of the year    Tuesday , 21 Jun 2011

Australia cuts coal export forecasts more than 5%

Australia's coal sector is still struggling to recover from some of the worst floods on records and, while higher prices will cushion the blow, some analysts expect it to be another 6 months before the sector bounces back    Tuesday , 21 Jun 2011

Kazakhmys to seek secondary listing in Hong Kong

The copper miner said Tuesday it will set up a secondary listing on the Hong Kong exchange by way of introduction with no shares being issued - trading is expected to start on June 29th.    Tuesday , 21 Jun 2011

As Greek crisis looms, gold remains a store of value

As the Greek populous awaits a final decision from European financial officials about a crucial aid payment, investors remain focused on the unfolding saga and gold remains well supported.    Tuesday , 21 Jun 2011

SA union rejects gold companies pay offer

The National Union of Mineworkers Monday rejected a 4% pay increase by South Africa's gold mining companies    Monday , 20 Jun 2011

Yesterday's Top Story: Underperformance by gold stocks creates great buying opportunity

The recent poor performance of gold stocks vis-à-vis the gold price is counter to historical trends and now may be the time for a major recovery in gold equities.    Monday , 20 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

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
Denver Gold Forum 2011
Date: 18 September 2011 - 21 September 2011
Venue: Broadmoor Hotel & Resort, Colorado Springs, USA
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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

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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