Tuesday, July 12, 2011

MINEWEB.COM'S TOP STORIES: Proposed Peregrine deal, continues Stillwater's diversification into copper

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TOP STORIES | Tuesday , 12 Jul 2011                                                     

Proposed Peregrine deal, continues Stillwater's diversification into copper

Former copper miner Frank McAllister, now the CEO of Stillwater Mining, is further expanding the Montana-based PGM miner into copper mining through the friendly takeover of Peregrine Metals.    Tuesday , 12 Jul 2011

Despite 'relatively flat' 2Q production, Endeavour Silver remains within 2011 guidance

Endeavour President Godfrey Walton says mining production should start accelerating as mine facilities expansions are completed this year at the company's two Mexican silver mines.    Tuesday , 12 Jul 2011

Property developers in China move into mining

A slump in the real estate market and the continued monetary tightening by the Chinese is pushing many property developers to seek higher returns in the mining sector, notably gold.    Monday , 11 Jul 2011

Codelco strike boosts concerns of wider strife

With the first national strike in nearly two decades, unions showed their dissatisfaction with plans to restructure the Chilean copper miner and commentators worry of more labour strife to come    Tuesday , 12 Jul 2011

Vale will not trump Jinchuan offer - Metorex

Metorex said Monday the Brazilian miner would not submit a new buyout offer. Instead, Metorex will pay Vale a $11.2m break fee to terminate the agreement after Jinchuan offered around 20% more to buy the company.    Monday , 11 Jul 2011

ArcelorMittal, Peabody to pay $5bn for Macarthur Coal

The two companies have joined forces in a bid for the world's largest producer of pulverised coal as demand for the key raw material grows    Monday , 11 Jul 2011

Fortescue now transacting in Chinese yuan

Andrew Forrest, CEO of the Australian iron ore miner says the group has started transacting in renminbi and is exploring the possibilities of being paid for some of its ore in renminbi    Tuesday , 12 Jul 2011

Taseko Mines says Q2 moly production up 38%, copper output flat

The Vancouver-based miner, said it was trying to improve operations and increase the mine's annual production capacity to 180 million pounds of copper and 3 million pounds of molybdenum.    Tuesday , 12 Jul 2011

£15.1 mn capital raising should see New Luika gold mine on stream by year end

Shanta Gold has raised £15.1 million through a share placing to help achieve gold production by December this year.    Monday , 11 Jul 2011

Vale receives first Chinese-built mega bulk carrier

In what is the start of a significant expansion of its fleet, the arrival of the 400,000 tonne vessel is expected to exacerbate the shipping industry's oversupply problem and further weigh on freight rates    Tuesday , 12 Jul 2011

New Hope unlikely to enter bidding war for Macarthur Coal

According to a source close to the deal, while the company did bid against Peabody Energy for Macarthur Coal last year, it has since acquired Northern Energy, which is keeping them busy    Tuesday , 12 Jul 2011

Alcoa posts big jump in Q2 profits

Revenues rose 27% at the aluminium producer, while it said soaring prices for both aluminium and alumina helped boost profits during the period. But, analysts expect current lower prices to weigh on Q3 numbers    Tuesday , 12 Jul 2011

Labour shortage puts W. Australian mining projects at risk

As the Australian state struggles to fill a shortfall of skilled labour that is expected to rise to 150,000 by 2017, the mining projects in the region are at increasing risk    Tuesday , 12 Jul 2011

Despite strike-ending deal, Freeport workers remain on strike

Workers at the copper and gold mine have yet to return to work, waiting instead for the outcome of further talks between the union and the miner's local CEO    Tuesday , 12 Jul 2011

Mali an underexploited gold treasure trove - Pearl Gold

According to the board chairman of German-listed Pearl Gold, Mali remains an underexploited asset for commodity investors and is currently, one of the "most promising" locations for gold mining at the moment    Monday , 11 Jul 2011

Ferrochome prices to Japan for July-Sep quarter slip 10%

Although still well above the $0.97 per pound price achieved in the third quarter of 2009, term prices of the metal to Japan for Q3 2011 fell 15 cents to $1.28    Monday , 11 Jul 2011

Centamin Egypt makes recommended bid for Ethiopian-based gold company

Centamin Egypt said it had made a recommended $12m bid for UK-Plus quoted Sheba in a bid to broaden its asset portfolio beyond Sukari    Monday , 11 Jul 2011

Yesterday's Top Story: Peru's President-Elect Humala says he will 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

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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Date: 18 September 2011 - 21 September 2011
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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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