Friday, June 24, 2011

MINEWEB.COM'S TOP STORIES: U.S. House, Obama Administration debate transparency of U.S. gold reserves info

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TOP STORIES | Friday , 24 Jun 2011                                                     

U.S. House, Obama Administration debate transparency of U.S. gold reserves info

The Feds say the Gold Reserve Transparency Act of 2011 is redundant while the bill's chief sponsor argues every single bar of U.S. gold reserves should be accounted for.    Friday , 24 Jun 2011

'US economy could be one of the big surprises in H2' 2011 - SocGen

Although SocGen takes a relatively sanguine view of the prospects for the global economy it nonetheless remains friendly towards gold and silver given the investment markets' frame of mind    Thursday , 23 Jun 2011

Revolution hits silver, gold at new discovery in Carolina slate belt

Revolution Resources is proving there are more gold-silver discoveries to be had in the prospective Carolina slate belt that hosts Romarco Minerals' Haile gold project.    Thursday , 23 Jun 2011

Sunridge Gold drilling turns to Madagascar in hunt for more VMS

While it continues to advance volcanogenic massive sulphide (VMS) projects in Eritrea, Sunridge Gold has turned its drill-sights to Madagascar, where it is putting VMS expertise to work.    Thursday , 23 Jun 2011

Avoid copper (unless you're a smelter or refiner) - SocGen

Constrained supply has been a major price prop for copper in recent years, rather than growing demand and, as such the bank argues, copper prices might struggle as supply swells.    Thursday , 23 Jun 2011

Potash and Lithium brines from the Puna - facts and figures

An overview of the extraction of key metals and minerals, notably lithium and potash, from the salars of the Argentinian/Bolivian/Chilean Puna plateau    Friday , 24 Jun 2011

Uranium prices no way to go but up - stocks to follow - Chang

While uranium prices fell after the Japanese earthquake and tsunami, Versant Partners Analyst Rob Chang says in the long term, prices must rise due to a supply shortfall and the economic necessity of using nuclear power. Energy Report interview    Thursday , 23 Jun 2011

Nyrstar formally commences $619mn bid for Breakwater Resources

As Nyrstar Resources Canada formally commenced its bid for Breakwater Resources, Breakwater's board declared a special dividend of C$0.50 for its shareholders.    Friday , 24 Jun 2011

Hedge funds concerned commodities may have peaked

A number of hedge fund managers attending the GAIM conference in Monaco this week say they are a worried that metals markets are beginning to peak and the sharp sell-off seen last month could herald further falls    Friday , 24 Jun 2011

Court rules ex-congressman must face publication corruption charges

A U.S. appeals court ruled Thursday that former Arizona congressman Richard Renzi must face public corruption charges over allegations he coerced Resolution Copper to buy land from a former business partner    Friday , 24 Jun 2011

No more financial assistance for Blyvoor - DRDGold

DRDGold says it planned to stop providing financial assistance to the mine, which it has been trying to sell, and instead, begin business rescue proceedings. The miner added it was still planning on selling the operation.    Friday , 24 Jun 2011

Are ETFs too much of a good thing?

The risks created by complicating a simple idea - with $1.5 trillion in assets could ETFs and similar investment products be the source of the next financial scandal.    Friday , 24 Jun 2011

Yesterday's Top Story: Surge in gold and silver ownership worldwide as doomsday nears

The doomsday scenario resulting from multiple national defaults is horrific to contemplate and more and more people are at last beginning to climb into gold and silver as protection .    Thursday , 23 Jun 2011

PODCASTS / RADIO                                                     

Bubble talk, Greece and gold's solid fundamentals - Adrian Ash

"I often get anxious when I can't see a problem with the gold market... But just looking at monetary policy and looking at the outlook, it is difficult to see it coming off any time soon"

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

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

Midlands alerts shareholders to dissidents' circular: Zero-premium takeover is opportunistic, self-serving and not in the shareholders' best interest   

Midlands Minerals Corporation announces today that its board of directors reaffirms its recommendation that shareholders vote FOR the Management board nominees, Kim F. Harris, Mark B. Keatley, R. John Carruthers, Edward A. Harris, Karl Schmed and David Groves at the upcoming Annual and Special Meeting of Shareholders to be held on June 28, 2011. Just days before the meeting of shareholders, a dissident shareholder, Bayfront Capital Partners Ltd. ("Bayfront" or the "Dissidents"), issued a Dissident Circular seeking control of Midlands without paying shareholders a premium for their shares.  The Board considered the Dissident Circular and after careful deliberation have determined that the Dissident Circular is vague and based upon false allegations and misleading information.

For the full release click here

 

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
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

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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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