Friday, June 10, 2011

MINEWEB.COM'S TOP STORIES: S&P raises gold and base metals price assumptions for 2011

Mineweb logo
 

 
 

TOP STORIES | Friday , 10 Jun 2011                                                     

S&P raises gold and base metals price assumptions for 2011

Standard & Poor's has raised its metals price assumptions for 2011 and beyond, citing the increased volatility of the markets but worries about sharp risk of fall in investor demand for gold.    Friday , 10 Jun 2011

Big Oyu Tolgoi copper-gold mine in Mongolia 23% built

As Rio Tinto and Ivanhoe re-enter arbitration talks over Ivanhoe shareholder rights plan, the latter's chairman reports massive Oyu Tolgoi copper-gold mine is ahead of schedule.    Friday , 10 Jun 2011

African mining, De Beers, BEE - Oppenheimer speaks out

Nicky Oppenheimer, De Beers chairman, gave a U.S. audience his forthright views on the future of Africa's mining sector and that of South Africa and its BEE legislation.    Friday , 10 Jun 2011

Australian government releases draft of mining profits tax legislation

A draft of mining tax legislation affecting Australia's coal and iron ore miners has been released today. Resource firms can push for changes before bill brought to parliament    Friday , 10 Jun 2011

Commodity prices should snap higher in H2, dollar unlikely to recover until 2012 - Morgan Stanley

Morgan Stanley does not expect Fed to raise rates for at least another year. Chinese economic growth should be sustained. Euro looking weak Watch US payroll figures for pointers towards QE3.    Thursday , 09 Jun 2011

Codelco loses 7,000 t copper in El Teniente strike

A 16-day strike by contractors at the world's largest underground copper mine, El Teniente, has hit Codelco's output. Protest may now be winding down.    Friday , 10 Jun 2011

Gold leads way, but potash in focus as Ethiopian mineral exports to surge

Ethiopia's mining minister says country ahead of track to double mineral exports to $1 billion over next five years with gold mines in the lead, but potash a major target.    Friday , 10 Jun 2011

Two miners killed at Canadian nickel operation

Two veteran miners died in an accident at Vale's Stobie nickel-copper mine near Sudbury, Ontario, Canada and the mine has been closed pending an investigation.    Friday , 10 Jun 2011

Anfield Nickel closes in on 100-million-tonne target

Mayaniquel, Anfield's nickel laterite project in Guatemala, gets a healthy resource increase in a game of catch up with nickel laterite neighbours.    Thursday , 09 Jun 2011

Avion doubles up exploration at Burkina Faso gold target

As it pushes to increase gold production at its Tabakoto and Segala underground projects in Mali, Avion Gold has expanded gold mineralization at a key exploration property next door in Burkina Faso.    Thursday , 09 Jun 2011

Strong copper prices move Anvil to Q1 profit

DRC copper miner Anvil, recorded a Q1 profit, before extraordinary items, of $8.7 million against a small loss a year ago, helped by strong copper prices.    Thursday , 09 Jun 2011

Zambian copper output falls Jan-April but cobalt up

Africa's largest copper producing nation saw output fall back over first 4 months of year compared with a year ago. Cobalt output and exports rose though    Thursday , 09 Jun 2011

Australian minister expects continuing growth in uranium exports despite Fukushima

Australian Mines Minister, Martin Ferguson, expects spending on uranium exploration to increase seeing strong demand for yellowcake despite Japan's nuclear disaster    Thursday , 09 Jun 2011

ABG's Buzwagi gold mine mill repairs slower than expected. Output impacted.

The replacement of African Barrick gold's mill motor at Buzwagi took longer than expected leading to lost production of around 15,000 oz gold.    Thursday , 09 Jun 2011

April SA gold output up 1.5%. Non gold minerals up 13.9%

Bucking long term output decline, South Africa's gold miners managed a small increase in output in April, while production of other metals and minerals rose by an impressive 13.9%    Thursday , 09 Jun 2011

Yesterday's top story: Three reasons why gold is going to have a big summer - Embry

As concerns grow once more about the health of the global economy and the nature of gold demand shifts, so the yellow metal is likely to shrug off its traditional summer funk.    Wednesday , 08 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

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Breaking News: Mineweb's iPad app is now available! Go to www..mineweb.com/apps to download it or search for it on iTunes.

 

CONFERENCES

Mines & Money Beijing 2011
Date: 15 June 2011 - 16 June 2011
Venue: China World Hotel, Beijing
Mines and Money Beijing 2011 will cover a broad spectrum of issues, including understanding the evolving political , economic and operational environments in China- examining the implications for the global mining sector; China's overseas investments in mining and the challenges and opportunities pr... Read More
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
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More

FEATURED
COMPANY

View more featured mining companies

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

Thembelihle Nciweni, 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

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2010 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

No comments:

Post a Comment