Thursday, July 28, 2011

MINEWEB.COM'S TOP STORIES: Fire, weather and processing issues lower Goldcorp 2011 gold output guidance

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FEATURED PODCAST                                                     

Europe, the US debt ceiling and the fundamentals of gold demand - HSBC

HSBC precious metals analyst, James Steel looks at the likelihood of increased volatility in the gold market and the continued growth in emerging market demand in the wake of the macro economic turmoil
 

TOP STORIES | Thursday , 28 Jul 2011                                                     

Fire, weather and processing issues lower Goldcorp 2011 gold output guidance

Although Goldcorp marginally increased its overall gold production in the first half of the year, Mother Nature and lower processing rates have taken their toll on the company's 2011 guidance.    Thursday , 28 Jul 2011

As strike escalates giant Escondida copper mine declares force majeure

Escondida has declared force majeure on copper concentrate sales as appears to be no end in sight to conflict as BHP, strikers dig in. Workers have threatened to take over mine over strikebreakers.    Thursday , 28 Jul 2011

Newmont, Buenaventura gold mine to be Peru's biggest ever mining investment

Following positive governmental appointments by President Humala, Newmont and Buenaventura say will go ahead with the Conga gold mine which could cost up to $4.8 billion to develop.    Thursday , 28 Jul 2011

Agnico-Eagle buys into Rubicon's Phoenix Gold Project

The Meadowbank fire took its toll on Agnico-Eagle gold production during the second quarter, although the company's first half gold production was higher than last year's output.    Thursday , 28 Jul 2011

Bugaboo '71. When Nixon cut the gold link what didn't change?

The monetary system that dates back to August 1971 when Nixon closed the gold window shares one vital trait with its predecessor. The dollar remained as the world's reserve currency.    Thursday , 28 Jul 2011

Long and winding road to an Idaho cobalt mine

Formation Metals' CEO Mari-Ann Green describes what it is like to be in the throes of construction and completion of financing on the Idaho Cobalt Project.    Thursday , 28 Jul 2011

Colombia raises doubts on AngloGold's La Colosa gold project

Doubts have been raised in Colombia about possible adverse environmental issues in relation to AngloGold Ashanti's big La Colosa gold project    Thursday , 28 Jul 2011

Golden Predator pounces on new gold zone at Brewery Creek, share price climbs

Golden Predator's share price shone after it reported a gold discovery at its Brewery Creek project in the Yukon, adding to a series of other hot drillholes the junior has reported this year.    Wednesday , 27 Jul 2011

Average U.S. house price = one 100 ounce gold bar - nearing low?

Inflationary or deflationary depression, it's like the long boom of affordable mortgages never happened as U.S. house prices near historical low point in relation to gold.    Wednesday , 27 Jul 2011

No end in sight for downturn as H1 profits dive 63% for Arcelor Mittal South Africa

In reporting a dramatic fall YOY for H1 profits arcelor Mittal South Africa says things may get even worse in Q3 as increasing input costs and weak demand show no sign of ending.    Wednesday , 27 Jul 2011

Namibia Chamber says new mining tax plans will curb investment

Namibia's Chamber of Mines warned that planned increases in mining taxes would discourage investment and urged government to reconsider.    Wednesday , 27 Jul 2011

Rio Tinto's Australian Coal and Allied arm profits up, but well below forecasts

Rio's big Australian coal miner reported a big jump in profits, but disappointed analysts who had predicted even better.    Wednesday , 27 Jul 2011

Gold still strong despite belief in U.S. Fed Plan B

Daily review of what has happened in the Asian and European gold and silver markets sees little change in silver and gold trading higher in Asia and Europe.    Wednesday , 27 Jul 2011

Inflows into precious metals ETFs roaring back

While analysis of ETF inflows suggests that in the first half of 2011 currency ETFs generated more than commodities ones, precious metals ETFs have 'roared back' in the past month.    Wednesday , 27 Jul 2011

Avocet buying back its gold hedge book

UK-based West African gold miner, Avocet Mining says it has bought back 20% of its gold hedgebook to take advantage of anticipated higher gold prices.    Wednesday , 27 Jul 2011

Fed gives away $16 trillion: Gold may be more undervalued than we think

With the U.S. Fed's $16 trillion bailing out of banks, corporations and governments and at 7.87 gold ounces to buy the Dow, gold and gold stocks are looking increasingly undervalued.    Wednesday , 27 Jul 2011

PODCASTS / RADIO                                                     

Anglo Platinum Results - Neville Nicolau – CEO, Anglo Platinum

A better second half in prospect. But what if the threatened strike goes ahead?

Copper price volatility expected - Monica Bonar, Fitch

With the impact of the macro-economic concerns on the one hand and supply disruptions on the other copper markets are likely to continue to be choppy

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

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CONFERENCES

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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
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Date: 18 September 2011 - 21 September 2011
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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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