Monday, July 11, 2011

MINEWEB.COM'S TOP STORIES: Peru's President-Elect Humala says he'll seek mining windfall profits tax

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TOP STORIES | Monday , 11 Jul 2011                                                     

Peru's President-Elect Humala says he'll seek mining windfall profits tax

Peru's President-Elect Ollanta Humala says he will meet with owners of mining companies to discuss increasing mining taxes after he takes office on July 28th.    Monday , 11 Jul 2011

The illegality of a Greek gold sale

While some commentators have raised the possibility of Greece selling some of its gold to help pays its debts, it is actually technically illegal for signatories of the Rome Treaty to do so.    Monday , 11 Jul 2011

Summer gold - so far so good

The relatively stable performance of gold over the northern summer so far could bode well for the yellow metal's price performance in the Fall.    Monday , 11 Jul 2011

Chinese copper stages June comeback

While the outlook was marred by falls in a number of other commodities, analysts say there are no reasons to sound alarm bells yet and expect a pickup in commodity demand in the second half of the year.    Monday , 11 Jul 2011

Jury trial to decide if U.S. is legal owner of 10 rare gold coins, valued at $75mn

More than 70 years ago, did scrap gold dealer Israel Switt illegally pocket 10 rare gold double eagle $20 gold coins, which the U.S. Mint now contents are government property?    Monday , 11 Jul 2011

Anglo Platinum sees six month earnings rising slightly

The world's top platinum producer said Monday that higher prices and sales of the metal were expected to boost headline earnings per share for the six months to June    Monday , 11 Jul 2011

Australian carbon tax treatment unfair - coal miners

The coal mining industry feels it is being unfairly singled out by the country's new carbon emissions trading scheme and predicts the move will lead to job losses    Monday , 11 Jul 2011

Russia is still buying gold - not selling it

A perhaps misleading headline in the New York Times last week suggested that Russia is selling its gold - but as far as the country's central bank is concerned it is still a purchaser    Monday , 11 Jul 2011

Tungsten miner Malaga bets metal price not yet maxed out

One of the relatively few tungsten miners outside China - Malaga - is bullish on the prospects for the price of tungsten this year, as it moves to increase throughput at its Pasto Bueno mine in Peru.    Saturday , 09 Jul 2011

Indian mining stocks fall on draft mining bill

The commission of Indian ministers called in to approve the country's draft mines bill gave its nod to a proposal for 100% of mining royalties and 26% of profits to go to displaced citizens    Friday , 08 Jul 2011

Codelco braces for 24-hour strike

Codelco workers prepared for their first national strike in nearly two decades on Monday over the restructuring of the Chilean copper miner    Monday , 11 Jul 2011

Investors pile into Bolero on news of Red Chris copper-gold area play

Interest in Bolero Resources surged this week as investors undoubtedly took note of the junior's plans to explore a property adjacent to Imperial Metals' large Red Chris copper-gold deposit.    Friday , 08 Jul 2011

Gold and silver take a COMEX thumping in June

Late-June contraction in gold's speculative position was the largest in almost three years but the possibility of further over-extension on the long side should not be ruled out. Silver longs down sharply too.    Saturday , 09 Jul 2011

Sichuan Hanlong announces $154.9m bid for Bannerman Resources

The Chinese firm has made a highly conditional bid for the Australian firm with a view to Bannerman's uranium project in Namibia which is situated near key mines    Monday , 11 Jul 2011

German nuclear decision could be costly for Europe as well

Germany's post-Fukushima knee-jerk reaction to accelerate nuclear power decommissioning could prove very costly, not only for the country itself, but also for its neighbours.    Friday , 08 Jul 2011

Rising copper price trend - Aurubis

Europe's top copper producer sees demand for copper rising as prosperity increases in developing nations foreshadowing a rising price trend.    Sunday , 10 Jul 2011

Gold at $1,850 still possible this year; don't rule out $10,000 long term - Hommelberg

Eric Hommelberg has called a few in his day. In 2009, he predicted gold to reach $1300 the following year - and it did. But $1850 gold by the end of this year? Gold Report interview.    Sunday , 10 Jul 2011

Venezuela rejects changes to 50% gold export limit rule

Venezuela's Industry Minister has said the country won't change its current rules that restrict mining companies to exporting a maximum 50% of their gold output with remainder to be sold to country's central bank.    Saturday , 09 Jul 2011

Gold and silver as money - reasons and relevance today

Why is gold - and perhaps to a lesser extent silver - considered as money? Ronald Stoeferle examines the historical reasons and why they are still just as valid today.    Saturday , 09 Jul 2011

Freeport's massive Grasberg copper-gold mine strikers call for Moffett

Strikers at Freeport's huge Grasberg copper-gold mine are demanding to negotiate face-to-face with company chairman Jim-Bob Moffett. "No-Moffett - No work" says union leader.    Friday , 08 Jul 2011

Gold stocks to outpace bullion post QE2

Analysts believe that gold stocks could well take the upper hand after a long period of underperformance in relation to physical bullion as the flow of cheap money from the U.S. slows    Friday , 08 Jul 2011

Weekend Top Story: Precious metals stocks 'substantially undervalued'-BofA Merrill Lynch

Bank of America Merrill Lynch analysts have raised gold price forecasts, but have reduced the copper price forecast from $4.64 to $4.32 per pound for 2011.    Friday , 08 Jul 2011

PODCASTS / RADIO                                                     

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

Metorex gets a firm offer from Jinchuan: Peter Major - mining consultant, Cadiz Corporate Solutions

With the arrival of Jinchuan's a new all cash offer of R8.90 per share which values Metorex at R9.1bn and leaves Vale's offer far behind, Metorex has clearly played its cards right

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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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