Monday, July 18, 2011

MINEWEB.COM'S TOP STORIES: Comex silver longs bound higher - but much of it is short covering

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TOP STORIES | Monday , 18 Jul 2011                                                     

Comex silver longs bound higher - but much of it is short covering

Specs are buying silver again and there has been some renewed nibbling in the silver ETFs but, there has also been some substantial short-covering which could see this latest move prove deceptive    Monday , 18 Jul 2011

Australia's Sundance receives takeover offer from key shareholder Hanlong Mining

The company that lost its entire board of directors in a plane crash in Central West Africa last year, has received a conditional takeover offer from its major shareholder, Hanlong Mining.    Monday , 18 Jul 2011

Rescued Chilean miners sue govt. claiming negligence

Stressing they want their suffering and their families' suffering to be recognized, 31 miners trapped for 69 days underground in the San Jose copper-gold mine have sued the Chilean government.    Monday , 18 Jul 2011

Price of gold to hit $1700+ in next few months -Technical analysts

Various technical analyses see gold continuing its upward path over the next few months to reach a level of $1700 and above in line with previous rallies.    Sunday , 17 Jul 2011

Mumbai diamond sector badly hurt by terrorist bomb

India's diamond industry worth $30 billion is set to lose business worth over $500 million over the next few days, with diamond merchants and businessmen across the country closing their shops as a mark of respect.    Friday , 15 Jul 2011

Indonesian govt. now targeting Japanese aluminum JV for ownership divestment

As the political struggle over the PTNNT share divestment continues, Indonesian agency PIP now has its sights set on the Inalum aluminum JV and its Japanese majority owner, Nippon Ashan Aluminum.    Monday , 18 Jul 2011

Mexican silver refinery shooting kills four as drug wars spill into mining sector

Four subcontractors working at MetMex Penoles silver refinery were targeted and killed by gunmen as Mexican drug war battleground expands.    Saturday , 16 Jul 2011

Educating Congress; gold at $1700 this year and copper strength - Michael Berry

Dr. Michael Berry talks about educating U.S. Congress on metals and minerals, $1,700 gold by year end and continuing strength in base metals. Gold Report interview.    Saturday , 16 Jul 2011

Two miners still missing after accident at Russian mine

Seventy six miners managed to escape from a Russian coal mine in the Arctic after a collapse caused by a geological event, one was rescued a day later but, two are remain unaccounted for.    Monday , 18 Jul 2011

U.S. gold and silver investors return as longs increase and GLD value hits new record

Gold and silver futures and ETF values have been increasing along with higher metals prices, with GLD hitting a new record in value terms if not in gold tonnage held.    Saturday , 16 Jul 2011

Niger wants better price for Uranium supplies

Niger's president, Mahamadou Issoufou , said he wants a his country, which is a major supplier of uranium to the French nuclear sector, to receive a better price for its product.    Monday , 18 Jul 2011

South African metalworkers reach wage agreement with industry

South Africa's National Union of Metalworkers said it had ended a two-week pay strike on Sunday after accepting a 10% wage increase from the employers body.    Monday , 18 Jul 2011

Zhaojin Mining passes govt. safety inspection; to resume Shandong production

In a filing to the Hong Kong bourse the group said it had received notification that all of its mines in the Shandong province had passed their inspections and added it would now resume production at all its mines in the region.    Monday , 18 Jul 2011

Tier 1 gold miner, Harmony Gold says June quarter output up 3%

South Africa's No. 3 gold miner sees June quarter output up, but notes costs are rising and could see industrial action over pay in the current quarter.    Sunday , 17 Jul 2011

Argonaut Gold Q2 gold output up 73% yoy

Argonaut Gold says it is on track to meet its full year gold production target as its biggest mine, El Castillo in Mexico, recorded strong output increase compared with year ago    Sunday , 17 Jul 2011

Cuba's No. 2 nickel plant shut down after equipment breakdown

An equipment failure at Cuba's Che Guevara nickel plant will keep it offline for some time. Management will use the opportunity to undertake 'overall maintenance'.    Sunday , 17 Jul 2011

Political posturing, the debt crisis and gold

Gold slipped as those caught in short squeeze regained ground. The U.S. debt ceiling position is still playing out with politicians caught up in point scoring rather than taking account of the consequences of inaction.    Friday , 15 Jul 2011

Bernanke says gold is not money but...

A recent exchange of views between Ben Bernanke and Ron Paul debates whether gold is money or not - but if not why do central banks hold gold in their reserves?    Monday , 18 Jul 2011

Weekend Top Story: Silver 'biscuits' - the booming new Indian gifting option

India's consuming class has taken to high denomination silver currency notes and dollar bills of the white metal in favour of staid old silver coin as a gifting alternative to expensive gold.    Friday , 15 Jul 2011

PODCASTS / RADIO                                                     

Gold bullion versus gold stocks and Europe's continuing debt problems

John Licata of Blue Phoenix takes us through some of the factors continuing to underpin gold prices and looks at the difference in valuation between gold bullion and equities

Cameco and the uranium sector - Tim Gitzel, Cameco CEO

Three days into the job, Cameco's new CEO, Tim Gitzel, sat down with Mineweb to discuss the current state of the uranium sector and Cameco's plans for the future.

Putting monetary trust in gold - Ronald Stoeferle

A look at some of the changes in the monetary nature of gold and an outlook for prices given the current macro economic outlook

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Europe

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

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

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Ross Louthean, Perth
Kerry Stevenson, Sydney

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