Monday, August 1, 2011

MINEWEB.COM'S TOP STORIES: Newmont maintains 2011 production guidance despite 2Q drop

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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 | Monday , 01 Aug 2011                                                     

Newmont maintains 2011 production guidance despite 2Q drop

Newmont CEO Richard O'Brien said the company has a pretty good sense of what mining royalties could be in the Humala Administration and have incorporated them in the company's economics.    Monday , 01 Aug 2011

Grupo Mexico reports mixed bag of metals production in 2Q, 1H

Grupo Mexico says its mining subsidiaries-Asarco and Southern Copper Corp.--have already been paying a windfall mining tax over the past decade as metals prices soared.    Monday , 01 Aug 2011

Peabody, Arcelor bid for Macarthur Coal turns hostile

The two groups have launched a $5.2bn hostile bid for the Australian company after the miner said the offer undervalued its coal resources and said it was aiming to attract a rival offer.    Monday , 01 Aug 2011

Chalice Gold, Eritrea sign $32 mn agreement on Zara gold project

For junior Chalice Gold Mines a significant pay-day is now within its sights, as it and the Eritrean government sign a shareholder agreement over the Zara gold project.    Saturday , 30 Jul 2011

U.S. debt ceiling crisis only a minor player in gold and silver prices

The media is abuzz with the U.S. debt ceiling political imbroglio, but its true effect on gold and silver prices is only marginal at best.    Saturday , 30 Jul 2011

More certainty, less politics needed in Canberra - Diggers chairman

There is concern in the mining industry that, if implemented, the hike in mining taxes and the introduction of a carbon tax in Australia could remain in place even if the minority Gillard Government is defeated.    Sunday , 31 Jul 2011

Collahuasi copper mine back to normal - strike has little effect

According to the mine operator, operations at Collahuasi were back to normal Sunday after a 24-hour walkout by some union members, but Escondida workers still out.    Sunday , 31 Jul 2011

Gold cornerstone for wealth preservation - dollar will fail! - Jay Taylor

All fiat currencies fail, says Jay Taylor. That's why he calls gold and silver the only true currencies and key to wealth preservation. Gold Report interview    Saturday , 30 Jul 2011

Anglo American looking to strong H2 after weather-battered H1

London HQ'd mega miner Anglo American fell short of H1 earnings estimates, but sees a stronger second half of the year despite ever-increasing cost pressures and CEO, Cynthia Carroll, says it expects a "very good 2011" overall.    Friday , 29 Jul 2011

Striking SA Gold, coal miners to meet with Chamber of Mines Monday

In a bid to end the strikes that have cost the South African economy significantly in terms of lost output, union leaders will meet with the Chamber of Mines on Monday    Monday , 01 Aug 2011

Norton Gold expects major shareholder, Zijin to up investment

The Australian miner says it expects the Chinese firm to raise its stake in Norton to 19.9% after agreeing last week to raise its stake in the firm to just under 17% as it expands off shore    Monday , 01 Aug 2011

Commercial Metals adopts stockholder rights plan to prevent larger Icahn stake

The steelmaker said it has implemented a stockholder rights plan that has a 10% trigger, the same percentage reported by Icahn on Thursday    Monday , 01 Aug 2011

Sell U.S. gold reserves to pay bills: gold to reach $16,000 by 2020 - NIA

Pressure group presents damning indictment of U.S. political system vis-a-vis debt ceiling impasse, advocates selling U.S. gold reserves to mitigate debt - if they exist - and sees gold hitting $16,000 or higher by end of decade.    Sunday , 31 Jul 2011

Formation shares jump on $80M loan from BNP Paribas for Idaho cobalt project

The stars continue to align for Formation Metals with BNP Paribas committing to an loan agreement that brings an Idaho cobalt mine closer to reality.    Friday , 29 Jul 2011

Bonus blackmail at world's top copper mine could see strike escalate

BHP's failure to agree to an $11,000 bonus demand at the Escondida copper mine in Chile could see the current strike there continue and escalate    Saturday , 30 Jul 2011

Ivanhoe Australia making strong progress - will Friedland discuss at Diggers?

The supreme promotion skills of Robert Friedland will be put to good use next week when he presents Ivanhoe Mines in his usual time slot on the afternoon of the final day of Diggers and Dealers Forum in Kalgoorlie.    Friday , 29 Jul 2011

Another new gold record, SPDR Gold Trust holdings at 6-month high

Weak US economic data suggesting QE3 more likely coupled with continuing pressure on struggling Eurozone economies and the U.S. debt ceiling impasse all combined to push spot gold to a new intraday record    Friday , 29 Jul 2011

Weekend Top Story: India May gold sales up massive 161% yoy - gold rush continuing

The onset of the festive season in the world's biggest bullion marketplace from August is set to ensure a rally in gold prices, even as UBS records 161% jump in sales to India in the month of May, as compared to the same month last year.    Thursday , 28 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

Diggers and Dealers 2011 Forum
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
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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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

 

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