Friday, August 12, 2011

MINEWEB.COM'S TOP STORIES: Chinese 2011 REO restrictions will support strong rare earths pricing-Molycorp CEO

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TOP STORIES | Friday , 12 Aug 2011                                                     

Chinese 2011 REO restrictions will support strong rare earths pricing-Molycorp CEO

Record rare earth oxides sales totaling $99.6 million enabled the Western Hemisphere's sole rare earth miner, Colorado-based Molycorp, to finally achieve profitability during the second quarter.    Friday , 12 Aug 2011

Royal Gold reports an 'outstanding year' with record revenue, up 232%

Three mines provided the lion's share of record royalties reported by Royal Gold during Fiscal 2011. CEO, Tony Jensen, estimated gold reserves subject to the company's royalty interest rose 7% to 83.9m ounces over the year    Friday , 12 Aug 2011

Juniors continue to spar in hostile takeover as second offer goes nowhere

Two Canadian juniors, Trelawney Mining and Exploration and Augen Gold, continue to fight in a heated contest between a board that wants and a board that has rejected.    Friday , 12 Aug 2011

Pretium cuts +1,000 g/t gold in couple drillholes

As it moves to update a resource estimate of its high grade gold-silver Brucejack project in B.C., Pretium Resources hits more bonanza grade gold and silver intercepts.    Thursday , 11 Aug 2011

Gold to win as S&P 500 loses out - A technical analysis

According to a technical analysis of the relationship between gold and the S&P 500, Reuters market analyst, Wang Tao, says gold could reach as high as $2,400 an ounce, while the stock index plummets    Thursday , 11 Aug 2011

Tax raid fails to dampen India's gems and jewellery exports in July

Despite an income tax raid, India's gems and jewellery exports are set to cross $50 billion this fiscal year, with traders expecting growth of 18%.    Thursday , 11 Aug 2011

India considering flow-through shares to woo mining explorationists

Given the near absence of exploration firms in India, the country is considering following Canada, Australia's example by introducing flow-through shares and resultant tax benefits to lure companies to the mining sector.    Thursday , 11 Aug 2011

Baosteel to raise September prices in anticipation of higher demand

The Chinese steelmaker said Friday, it expects steel demand to rise in September as the traditional peak consumption season approaches and, will raise prices for September bookings    Friday , 12 Aug 2011

Osisko Mining reports widening of quarterly loss

The miner said earnings were hurt largely by a $10.9m write-off on withdrawal from a JV program but said it expects its Canadian Malartic Mine to produce between 235,000-245,000 ounces of gold during H2 2011    Friday , 12 Aug 2011

Sprott profit slips 4% on lower silver prices

The Canadian asset manager said profits fell partly because silver's retreat from record highs dragged down investments in producers of the metal    Friday , 12 Aug 2011

Search for safe havens pushes investors to gold trusts

According to data from Lipper in the week to August 10, two of the largest gold trust funds - SPDR Gold Trust and iShares Gold Trust - had their fourth biggest week of net inflows.    Friday , 12 Aug 2011

Gold available for cash dries up as prices rise even higher

Most of the public's 'old gold' seems to have been sold already and those that still own the yellow metal are holding out for even higher prices as gold continues to rise. But, the implications for the scrap market are significant    Friday , 12 Aug 2011

Shangahi iron ore rebar prices rise for 3rd day

While volatile markets and caution about the fate of the global economy have restrained buying interest in iron ore, rebar prices are up 0.2% for the week    Friday , 12 Aug 2011

Chinese demand for Australian raw materials to grow - Trade Minister

According to Australia's Trade Minister, Craig Emerson, even when taking account of the weak global economic conditions, China is going to need large quantities of Australian raw materials    Friday , 12 Aug 2011

JFE may join Brazilian steel mill project

The Japanese firm said it will decide by the end of the year, if it will join the project, jointly being planned by Vale and two S. Korean steelmakers to try an tap into the US and Latin American markets    Friday , 12 Aug 2011

Court dismisses native group's appeal against Solomon hub mining lease - Fortescue

The Australian Federal court dismissed an appeal by the Yindjibarndi # 1 native title claim group against the granting of a mining lease to Fortescue for its Solomon hub mining operation    Friday , 12 Aug 2011

Gold bugs moving into the mainstream

Long-derided as a lunatic fringe, the views of the gold bugs are increasingly becoming more mainstream as gold heads ever higher    Thursday , 11 Aug 2011

This gold bull run has legs - Sharps Pixley

Usually when the little guy comes in its time to sell - but not this time. Ross Norman reckons the gold bull market has much further to run yet.    Thursday , 11 Aug 2011

Yesterday's Top Story: Quantum shift in gold and silver stock sentiment has to come

The mere fact that both gold and silver have appreciated around 30% so far this year means that dividend paying precious metals mining stocks have to be due a substantial rerating by the markets.    Thursday , 11 Aug 2011

PODCASTS / RADIO                                                     

Gold stocks valuations in the current macro environment - Joe Mazumdar, Hayward Securities

A look at some of the factors behind the difference in valuations between gold stocks and gold bullions in the context of the significant macro economic turmoil

Gold's move above platinum - William Rhind, MD: ETF Securities

A look at the recent performance of gold in relation to platinum and the trends in precious metal ETFs

Copper likely to move higher over H2 2011 - Mohr

Scotia Capital's Patricia Mohr says, the decline in copper over the last week has actually been quite limited and expects another move up for the metal in the second half of the year.

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CONFERENCES

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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