Wednesday, June 15, 2011

MINEWEB.COM'S TOP STORIES: Proposed McEwen Mining strives to be next S&P 500 gold company

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Wednesday , 15 Jun 2011                                                     

Proposed McEwen Mining strives to be next S&P 500 gold company

Renowned gold mining entrepreneur Rob McEwen plans to merge juniors Minera Andes and U.S. Gold into McEwen Mining.    Wednesday , 15 Jun 2011

Tribes, agencies, environmental NGOs oppose Resolution Copper land exchange

Legislation consolidating ownership of land that would help bring the former Magma Copper Mine back to life near Superior, Arizona faced tough time from opponents in a U.S. House subcommittee.    Wednesday , 15 Jun 2011

Despite growing silver holdings, Rob McEwen still loves gold

While currently involved in plans to merge two juniors into a silver major, Rob McEwen anticipates gold will continue its run and will definitely hit the $5,000 mark, silver he says, will reach $200 an ounce    Wednesday , 15 Jun 2011

Newcrest sells Queensland gold assets into Catalpa, Conquest merger

The major Australian gold digger has entered an agreement to sell its 70% stake in the Cracow gold project and 100% interest in the Mount Rawdon gold mine to a company formed by two Australian companies.    Wednesday , 15 Jun 2011

Gold, silver, base metals. All feature in new Yukon drilling results

A banner year for exploration in the Yukon means one thing: lots of drilling results. The first trickle shows promise and investors can expect much more to come.    Tuesday , 14 Jun 2011

Great Panther Silver net income leap in first quarter

Strong silver prices and increased production make for a record setting first quarter for Great Panther, despite higher cash costs. Net income up a heady 600%.    Tuesday , 14 Jun 2011

Crystallex seeking to restore permit for its Las Cristinas gold mine in Venezuela

The Canadian miner says it will seek to regain the permit needed to develop the mine as well as compensation for losses, after a state-owned company in February unilaterally ended the contract on the project signed in 2002    Wednesday , 15 Jun 2011

Glencore shares dip on results, bid denial

Shares in the recently- listed commodities trader slipped on the back of weaker-than-expected results for the first quarter, the group dismissed reports of a possible takeover bid for ENRC    Tuesday , 14 Jun 2011

Nyrstar to spend $639m on Breakwater

The Belgium-based company said it will pay C$7.00 per share for the Canadian firm which will result in an increase in the percentage of zinc Nyrstar gets from its own mines to 43%, from 31%.    Wednesday , 15 Jun 2011

Chinese gold production to rise more than 10% this year

According to a senior official from the China Gold Association, China's gold production is expected to grow by more than 10% in 2011 and world gold prices will continue to climb    Wednesday , 15 Jun 2011

Rio Tinto to spend $676m to speed up iron ore expansion plans

The miner says it is planning to speed up its iron ore expansion by six months to take advantage of delays in rival plans to boost production    Wednesday , 15 Jun 2011

Kinross to own 12.7% stake in Edgewater Exploration after private placement

Kinross Gold said it plans to buy 625,000 units of the company for C$500,000 in a private placement    Wednesday , 15 Jun 2011

Brigus Gold announces Q1 profit, gold sales dip

The Canadian miner said it posted a jump in net income from a loss of $1.8m a year ago to a profit of $2.8m for the first quarter of 2011 on the back of higher gold prices which helped to offset lower production    Wednesday , 15 Jun 2011

Tanzania's parliament backs mining super profit tax

As part of a $27.4bn development plan approved by the country's parliament on Tuesday, the government will look to the country's mineral resources as an important source of financing.    Wednesday , 15 Jun 2011

NUM seeks R1,000 per month pay rise from Northam Platinum

South Africa's major mine workers union says it will begin wage talks with the platinum miner on Wednesday and is demanding a $148 per month increase for its workers    Tuesday , 14 Jun 2011

Financials are driving aluminium prices - Norsk Hydro

According to the group's CFO, while financing deals were helping to lift prices of the metal, they are still underperforming the rest of the base metals complex    Tuesday , 14 Jun 2011

China's asset managers rushing to launch resource investment funds

Chinese asset managers are rushing to launch funds that invest in natural resources and precious metals overseas to respond to demand for tools to hedge against stubbornly rising inflation    Tuesday , 14 Jun 2011

Yesterday's Top Story: 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

PODCASTS / RADIO                                                     

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.

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

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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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