Tuesday, August 30, 2011

MINEWEB.COM'S TOP STORIES: Northgate dumps Primero Mining in favor of C$1.46b AuRico Gold deal

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FEATURED PODCAST                                                     

The danger of financialisation and substitution in the copper market - Simon Hunt

A look at how the copper market is placed given the likelihood of a return to recession in the West and concerns around inflation in China
 

TOP STORIES | Tuesday , 30 Aug 2011                                                     

Northgate dumps Primero Mining in favor of C$1.46b AuRico Gold deal

Northgate's new CEO, Ritch Hall, says a deal with AuRico Gold "gives Northgate shareholders a significant premium to market" and the opportunity to be "a leading intermediate gold company."    Tuesday , 30 Aug 2011

Macarthur accepts sweetened Peabody/ArcelorMittal bid

After fending off four takeover bids in three years and opening its books to potential suitors, the Australian coal miner has been won over by an improved offer from Peabody Energy and ArcelorMittal.    Tuesday , 30 Aug 2011

22 Chinese miners rescued after 7 days trapped underground

The search continues for three missing coal miners trapped underground in Heilongjiang Province, as 22 miners have been rescued and one body recovered.    Tuesday , 30 Aug 2011

Newmont hoping to give NZ's Waihi gold mine a new lease on life

The Newmont-operated miner has plans to extend mining in the region with an underground operation at the Martha mine and further work at the Correnso discovery    Tuesday , 30 Aug 2011

Trelawney expects 4 million ounce gold deposit to grow on step-out drilling

Trelawney Mining and Exploration hit some lengthy gold intercepts at Cote Lake, where it hopes to add ounces in the ground in a forthcoming resource update.    Monday , 29 Aug 2011

Hathor rejects Cameco offer, could holdout for more, analysts suggest

Hathor told shareholders Cameco's bid was "opportunistic", while analysts suggest Cameco - or someone else - could pay more for the uranium junior.    Tuesday , 30 Aug 2011

Japan net gold exports hit 6.1 tonnes in July

With shipments at a net 49 tonnes in the first seven months of 2011, analysts say it is increasingly likely that net exports of bullion from the country will top last year's record 78 tonne net outflow    Tuesday , 30 Aug 2011

Peru considering two different royalty scales - sources

Sources from Peru's government and mining sector said Monday the country is considering implementing at least two different rate scales in a bid to push through a new royalty payment system.    Tuesday , 30 Aug 2011

De Beers expects SA unit to produce 6.4m carats in 2011

According to De Beers Consolidated Mines CEO, Phillip Barton, the group's SA operations will produce 1m fewer carats than in 2010 as a result of mine disposals but he remains bullish on exploration in the country    Tuesday , 30 Aug 2011

Optimum Coal says Glencore unit now has 14.1% stake

The South African coal miner said Monday that a unit of the world's largest commodities trader had, as of Friday, a beneficial interest of 14.1% in Optimum    Tuesday , 30 Aug 2011

BHP Billiton, Colombia settle royalty dispute

According to Colombia's mining minister the two parties have settled a dispute over royalties that now clears the way for the renewal of BHP's contract to operate the Cerro Matoso nickel mine    Tuesday , 30 Aug 2011

New wave of Chinese gold bugs emerge as prices surge

Rather than subduing investor interest in the precious metal, record prices have seen a new wave Chinese investors getting into the gold market    Monday , 29 Aug 2011

Yesterday's Top Story: How to pick gold stocks - Holmes

As the valuation gap between bullion and gold stocks grows, making miners of the yellow metal increasingly attractive, US Global's Frank Holmes suggests all miners aren't created equal    Monday , 29 Aug 2011

PODCASTS / RADIO                                                     

Gold to move higher within the next 12 months but a correction won't go amiss - Embry

Sprott Asset Management's John Embry wouldn't be surprised to see gold at $2,500 per ounce within the next 12 months but says he would prefer to see some kind of correction first

Chinese growth, inflation and the implications for commodity prices

The Beijing Axis MD ,Kobus van der Wath, talks us through the implications of the latest set of Chinese inflation numbers in light of the crises in Europe and the US and what it means for commodities

Gold prices to average $1,600 in Q4 as investor demand slips - Westmore

Gold is curerntly pricing in a good probability of a further global recession but, if this doesn't happen then demand by investors is likely to be pared in the second half of the year says National Australia Bank's Ben Westmore

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Date: 18 September 2011 - 21 September 2011
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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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