Monday, June 20, 2011

MINEWEB.COM'S TOP STORIES: Obama Administration Grand Canyon mining ban decision expected today

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TOP STORIES | Monday , 20 Jun 2011                                                     

Obama Administration Grand Canyon mining ban decision expected today

The US Secretary of the Interior and the directors of the BLM, National Park Service, and U.S. Geological Survey are expected to announce a decision regarding the Grand Canyon watershed mining ban.    Monday , 20 Jun 2011

Big gold weighing down stocks ETF - Physical gold outperforms

Physical gold has outperformed big gold stocks in recent months as majors face among other things, increasingly savvy investors and cost pressures    Friday , 17 Jun 2011

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

Newmont Nusa Tenggara IPO won't happen this year

The on-going delay in the divestment of the remaining 7% of Newmont Nusa Tenggara to Indonesia's central government, along with uncertain market conditions, means NNT's IPO won't happen in 2011.    Monday , 20 Jun 2011

Focus Minerals and Crescent Gold join the merger trend in Australia

Two of W. Australia's mid-tier gold producers are seeking shareholder approval for a merger that would see the dominant partner Focus Minerals target production in 2012 of 230,000 ounces.    Monday , 20 Jun 2011

Seabridge sells royalty option on massive KSM project to Royal Gold

Seabridge Gold's shareprice jumped on news it had inked a deal governing a royalty option on its KSM project with Royal Gold, as well as a C$30 million private placement.    Friday , 17 Jun 2011

Exploding six "Gold Bubble" myths

Anyone calling gold a bubble is talking through their hat or worse... A number of myths associated with 'bubble theory' for gold are exposed here.    Saturday , 18 Jun 2011

Silver's fall an opportunity for equity bargain hunters

Silver has fallen 30% recently but the metal is still above its year-ago price and demand remains strong, on the other hand silver equities are down for the year , some of which could represent a buying opportunity    Monday , 20 Jun 2011

Alexco restarts mill at Bellekeno silver mine after 3-day power cut

A power outage in a remote corner of the Yukon is expected to lead to about four or five days of downtime at Alexco Resources mill at its Bellekeno silver, lead, zinc mine.    Friday , 17 Jun 2011

New bidder for Metorex must hurry

According to Metorex chairman, Rob Still, the new expression of interest is non-binding and the shareholders meeting to vote on the R7.35bn offer from Vale will go ahead on July 22    Friday , 17 Jun 2011

Q2 coal sales to come in at lower end of forecast - Teck

The Canadian coal miner said it expects coal sales for the second quarter to come in at the lower-end of its outlook range on the back of lower price expectations    Monday , 20 Jun 2011

BHP still committed to Yeelirrie uranium project

In a bid to quell speculation over the future of the giant Australian uranium project, BHP Billiton said Monday, deferral of a key environmental review had not derailed its commitment to Yeelirrie    Monday , 20 Jun 2011

Trade in Aquila shares halted pending court decision

Aquila resources halted trading in its shares Monday as it waited for a court decision on a dispute with Vale over the value of its stake in a multi-billion-dollar Australian coal project    Monday , 20 Jun 2011

Power returns to Chile's mining heartland

Chilean Energy and Mining Minister, Laurence Golborne, said late Sunday that the country's power supplies were back to 100% after a grid failure affected some of the world's biggest copper mines    Monday , 20 Jun 2011

World Gold Council proposes conflict-free gold system

The gold industry body announced Friday a proposal of a set of standards that would enable miners to certify that their gold production comes from conflict free sources    Friday , 17 Jun 2011

Could central banks & the IMF start selling gold again?

A recounting of the history of Central Bank gold sales in recent years and the banks' positions with respect to the yellow metal now.    Friday , 17 Jun 2011

NunaMinerals to launch $3.9m targeted share issue

The Greenland miner says the issue is aimed to help speed up projects and fund perparations for a dual-listing of the company    Friday , 17 Jun 2011

Was Soros gold exit a big mistake?

If George Soros' sale of much of his gold holdings was a mistake, it wouldn't be the first time he appears to have misread a major market trend.    Monday , 20 Jun 2011

Weekend Top Story: 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

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
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Date: 18 September 2011 - 21 September 2011
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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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