Monday, August 15, 2011

MINEWEB.COM'S TOP STORIES: Gold correction to continue near term but $2,000/oz "a real possibility in 2012" - TDS's Bart Melek

Mineweb logo
 

 
 

TOP STORIES | Monday , 15 Aug 2011                                                     

Gold correction to continue near term but $2,000/oz "a real possibility in 2012"-TDS's Bart Melek

TD Securities expects gold prices "to come within $2,000/oz territory in the coming months", but warns of lower industrial minerals prices.    Monday , 15 Aug 2011

Analysts recommend steering clear of junior miners in current environment

A number of stock market analysts recommend established miners in the resource space in the current economic climate and see juniors as too risky citing the example of 2008 meltdown.    Monday , 15 Aug 2011

Kumba/Arcelor Mittal iron ore dispute case may expose South African can of worms

A court case over issuance of iron ore mining rights in South Africa is linked to dispute worth billions and expected to shed light on allegations of Mines Department fraud    Monday , 15 Aug 2011

Nixon's not-so-happy gold legacy 40 years on

Are those who advocate a return to a U.S. gold standard mystical fanatics, or visionaries who have learned from history's lessons and seek a practical solution to today's financial chaos?    Monday , 15 Aug 2011

Newcrest targets 4 million ounces gold by 2016, issues special dividend

Top Australasian gold miner, Newcrest, raises profit 36%, pays surprise special dividend in addition to bigger regular payout. CEO bullish on gold price and company has no plans to resume hedging.    Monday , 15 Aug 2011

Impala Platinum, world No. 2, raises wage offer in strike aversion bid

South Arfica's NUM says Impala Platinum has raised its wage offer to workers who are threatening strike action if demands not met.    Sunday , 14 Aug 2011

American gold prospecting dream gaining adherents

The high gold price is persuading more and more Americans to seek their fortunes panning for gold and the Llano River in central Texas is just one focus for modern day gold prospectors.    Sunday , 14 Aug 2011

COMEX net longs cut for gold, silver and copper after price surge

Long positions in [precious and base metals cut on COMEX following last week's big surge in the gold price and market volatility.    Saturday , 13 Aug 2011

Gold and silver ETFs both see strong selling Friday

The gold price peak, and correction saw the largest gold and silver ETFs' holdings fall back sharply on Thursday as investors took profits.    Saturday , 13 Aug 2011

It's not nuts to squirrel away gold

It is no longer being considered the prerogative of out and out speculators, fanatics, conspiracy theorists et al to hold gold bullion. Gold investment has very much been moving into the mainstream.    Saturday , 13 Aug 2011

The huge leap in the gold price - what did it actually say?

The recent big surge in the gold price presages considerably more economic pain before governments take the necessary steps to rebalance the global economy.    Saturday , 13 Aug 2011

Great Panther Silver's shareprice walloped on Q2 problems

Difficulties with selling concentrate and surging cash costs hit Mexico-focused silver miner Great Panther Silver hard in the second quarter but deferred sales could provide silver lining..    Friday , 12 Aug 2011

Diverging opinions on Osisko outlook after Q2 results

As Osisko reports its second quarter results, some wonder how revised costs might impact the Malartic mine's cost profile over the longer term., but high gold prices should enable the miner to counter any increase in the cost profile    Friday , 12 Aug 2011

Anvil completes construction at new copper refinery, fast tracks strategic review

Anvil Mining has now completed construction of its Kinesevere copper refinery in the DRC and expects to reach full output capacity of 5,000 tonnes of copper cathode a month by the year end.    Friday , 12 Aug 2011

Unions plan more stoppages at BHP's Australian coal ops

According to unions two Australian coal mines operated by BHP will be hit by industrial action this weekend ahead of meetings next week over a new labour agreement    Friday , 12 Aug 2011

Afghanistan vows to set child labour standards for mines

In an effort to attract foreign investors to help it develop an estimated $3 trillion in untapped mineral wealth, the country has drafted a policy officially setting the minimum age for coal mine workers at 18    Friday , 12 Aug 2011

Surging prices galvanise France's retail gold market

As market concerns about debt risks hit France so more and more people are heading to gold brokers on rue Vivienne but, it is not just interest that is up, it is also the number of armed robberies    Friday , 12 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.



Highlights

  • New JORC resource estimate from Phase One drilling of 2,603,000 ounces of gold at 1.03 g/t Au at a 0.5 g/t cut off.
  • 711,700 ounces converted from Inferred to Indicated Resource status.
  • 35,000 metres of Phase One infill drilling focussed on the 2.3km area between Bacchus and Phoenix pits.
  • Bullabulling has now been partially re-drilled to JORC (2004) standard to enable the JV to move from JORC resources to reserves over time.
  • Phase Two 70,000 metres infill drilling programme is currently underway aiming to upgrade a substantial portion of the current 1.9 million Inferred Resources to Indicated status.       
 

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

FEATURED
COMPANY

View more featured mining companies

ENGINE ROOM

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

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2010 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

No comments:

Post a Comment