Monday, July 25, 2011

MINEWEB.COM'S TOP STORIES: After 20 years, California's Mother Lode to finally get new gold mine

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TOP STORIES | Monday , 25 Jul 2011                                                     

After 20 years, California's Mother Lode to finally get new gold mine

The old California Gold-Rush era Lincoln Mine is about to roar back to life as Sutter Gold Mining's flagship mine with the first gold bar scheduled to be poured next year.    Monday , 25 Jul 2011

China Iron Ore & Steel Assoc. seeks to break grip of Big 3 iron ore miners

Chinese steelmakers hope their investments in offshore iron ore projects will lessen their reliance on foreign miners and thus, lower iron ore prices.    Monday , 25 Jul 2011

What are record gold prices telling us now?

It is now the heart of the northern summer doldrums period for the gold price yet it is riding at record highs. What is this telling us about the state of the global economy?    Monday , 25 Jul 2011

Escondida strike drags into day 4, no signs of stopping

Union leaders claim bosses at the mine that is majority owned by BHP have refused to resume talks, while unionized workers at Codelco and other mines have threatened to join the strike action if any of the strikers are sacked    Monday , 25 Jul 2011

Mining Mergers and Acquisitions double in H1 - Ernst & Young

According to the consultancy, the total deal value achieved in the first half of 2011 was $96.3bn but, the pace was tempered by concerns about the global economy    Monday , 25 Jul 2011

Gold at highest price ever and nobody seems to care! - Moriarty

With the gold price near record highs and equity prices lagging, Bob Moriarty believes precious metals are insurance against hyperinflation or deflation-whichever may be coming our way. Gold Report interview.    Sunday , 24 Jul 2011

AuRico forecasts gold production increases in revised 2011 outlook

While it firmed up a rosier gold production profile for the rest of 2011, AuRico outlined plans that would drive up gold output in 2012.    Friday , 22 Jul 2011

Polymetal announces 26% jump in Q2 revenue

The Russian silver producer said the jump in revenues was boosted by the higher prices achieved for the metal and was helped along by a 6% jump in metal output.    Monday , 25 Jul 2011

Tongon to hit 272,000 ounce output target this year - Randgold

Mark Bristow, CEO at the gold miner said the company is confident that the mine in the Ivory Coast will hit its annual target this year and will hit approximately the same output level for each of the next 9 years    Monday , 25 Jul 2011

Amplats forecasts strong H2 commits to full year target

The platinum miner said it produced 1.2m ounces in the first half of the year and said it remained convinced it would reach its FY target, despite a tough start to the year    Monday , 25 Jul 2011

Massive South African coal mining strike to start

According to the National Union of Mineworkers, about 150,000 coal workers planned to walk off the job on Sunday in a bid for a 14% wage increase    Monday , 25 Jul 2011

Namibia plans 17% mining tax increase to strengthen revenues

Namibia's finance ministry has said it plans to raise taxes on mining, excluding diamond mining, by 17% to counter volatility in its key revenue sources.    Sunday , 24 Jul 2011

Rare earth intercepts send shares of junior explorer flying to eightfold gain

BE Resources caught fire on Friday after reporting a batch of rare earth oxide drilling results, though the extent of mineralization was unclear.    Saturday , 23 Jul 2011

Poll sees analysts boost gold and silver price predictions this year and next

Persistent euro zone debt concerns, weak dollar, central bank hoarding: All are seen as leading to higher gold and silver prices by analysts polled by Reutersthan six months ago.    Saturday , 23 Jul 2011

Lundin Mining shares fall on rating cuts

Analysts cut their ratings on the Toronto-listed company after it reported disappointing second-quarter production, sending its shares down.    Friday , 22 Jul 2011

AngloGold to spend $30m on 19.79% stake in First Uranium

The gold miner said on Friday it would acquire the stake, consisting of 47m shares from South Africa's Village Reef Gold Mining Company    Friday , 22 Jul 2011

Weekend Top Story: Freeport-McMoRan expansions, start-ups should meet production goals--Adkerson

While mining taxation and mineral export restrictions may loom on the horizon, FCX is anticipating an additional 1 billion pounds of annual copper production, along with increased moly output.    Friday , 22 Jul 2011

PODCASTS / RADIO                                                     

Gold price floor to remain above $1,000 for at least the next decade - Jeff Christian

A look at the likely trajectory of the gold price given the current macro-economic situation and a the similarities between this recent move and silver's charge at $50 in April

Gold's new record - Its all about real interest rates - Paul Walker

"if you deconstruct the last ten years in the gold market, the one underlying common denominator has been the search for yield in a world of negative real interest rates"

Copper likely to trade as high as $11,000 before year end - Tom Kendall

A look at the fundamentals behind copper's recent run and expectations of further growth as China comes back into the market

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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
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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Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen
Rhona O'Connell, London

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

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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