Monday, June 13, 2011

MINEWEB.COM'S TOP STORIES: Summer pullback seen for gold but bullish for rest of year-UBS

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TOP STORIES | Monday , 13 Jun 2011                                                     

Summer pullback seen for gold but bullish for rest of year-UBS

UBS Investment Research has suggested the gold price may pullback over the summer months, but any dips well supported and has raised its three-month gold forecast to $1,600/oz.    Monday , 13 Jun 2011

Glencore said to be mulling $20 billion ENRC takeover

Now Glencore has successfully negotiated its IPO, it is reported to be setting its sights on growth by acquisition with ENRC its latest target    Monday , 13 Jun 2011

The real price of gold: What you see is not necessarily what you get

The factors affecting the true price of gold for the investor and why Exchange Traded Funds (ETFs)proved so popular in the sector    Sunday , 12 Jun 2011

Giant Chilean copper mine still operating below half capacity

Violence by those contractors who have not gone back to work following strike at Chile's giant underground copper mine, El Teniente, has kept staff away, with mine operating only at 40% capacity    Saturday , 11 Jun 2011

Kitco strongly denies Revenu Québec claims of gold refining tax fraud

Investigators for Revenu Québec, as well as police investigators, are probing what the tax agency claims is widespread tax fraud in the gold refining and trading sectors    Monday , 13 Jun 2011

Nickel heading for major oversupply and prices could dive - Analysts

With nickel's production to supply surplus continuing to rise sharply, analysts are looking for significant price falls from current levels in the year ahead.    Monday , 13 Jun 2011

Kazakhmys $1.5bn Chinese loan for major copper development

The copper miner says the loan will allow it to develop the Aktogay copper field in eastern Kazakhstan without the need to sell a stake in the deposit    Monday , 13 Jun 2011

Goldman Sachs to launch commodities index with Clive Capital - Report

According to the Financial Times, the index will be designed to minimise the risk of large losses by changing its exposure to individual commodities over time    Monday , 13 Jun 2011

Proposed mine tax to hurt us more than others - Fortescue

Andrew Forrest, Fortescue CEO, said Monday that the government's proposed mining tax would hit it harder than its bigger rivals and that the tax will mean a cut in net present value of at least 5%    Monday , 13 Jun 2011

Planned Exxaro strike off but union will show 'no mercy'

South African coal, zinc and mineral sands miner Exxaro has thwarted a proposed strike through legal means, but union says it will fight to strike at a later date.    Sunday , 12 Jun 2011

Gold net longs rise for third week. Silver and copper net longs up too.

COMEX gold net longs have risen to highest levels for almost a month. Silver and copper longs rise as well    Saturday , 11 Jun 2011

Silver in China could turn out to be the new gold

China has turned from a net exporter of silver to a big net importer with both industrial and investment demand soaring. Middle Eastern demand also appears to be picking up strongly.    Friday , 10 Jun 2011

China coal and oil demand strong but copper appetite sickly in May

While energy mineral imports increased sharply in May, China's overseas copper imports slackened and iron ore import growth began to waver.    Friday , 10 Jun 2011

Gold and silver rises so far a 'drop in the bucket' - Wiegand

As the global economy remains in turmoil, Trader Tracks Editor Roger Wiegand thinks gold and silver have much further to rise while global economic turmoil is far from over. Interview with The Gold Report.    Saturday , 11 Jun 2011

Chinalco takes stake in Jiangsu rare earths project jv

China's top aluminium producer has entered into a consortium to mine and process rare earths in Jiangsu as it expands in the sector.    Friday , 10 Jun 2011

B2Gold on a roll with record revenues, cash flow

A strong gold price didn't get all the credit for B2Gold's record second quarter, with costs held down at its operating mines in Nicaragua.    Friday , 10 Jun 2011

Australian company moving into the big iron ore league in Sweden

The rapid accumulation of iron ore projects in Sweden's mining heartland of Kiruna for West Perth-based Scandinavian Resources gained another significant notch this week.    Friday , 10 Jun 2011

Axmin consolidates with asset sales, spin-off, to focus on Passendro gold project

In pursuit of building a gold mine in the Central African Republic, for which finding financing is ever the question, junior explorer Axmin Resources sheds assets and simplifies its project base.    Saturday , 11 Jun 2011

Gold bulls are looking sluggish and tired for now

Gold bulls appear to be running out of steam according to technical chart analysis and price appears to be stalling as a result.    Friday , 10 Jun 2011

BHP and UCL establish Institute for Sustainable Resources and Intl. Energy Policy Agency

BHP Billiton and University College London have established two new Institutes to drive research into economic, legal, environmental, technological and cultural issues faced by the resources sector    Friday , 10 Jun 2011

Northland/Kiruna Wagon developing special iron ore railcar

Northland Resources, which is bringing the Kaunisvaara iron ore mine in Sweden is working with Kiruna Wagon to develop railcars to move its iron ore concentrate.    Friday , 10 Jun 2011

Weekend top story: 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

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

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