Tuesday, August 16, 2011

MINEWEB.COM'S TOP STORIES: Über Hedge Fund Manager Steven Cohen jumps on gold ETF express

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FEATURED PODCAST                                                     

Silver Wheaton and the prospects for the silver market - Randy Smallwood, Silver Wheaton CEO

A look at some of the reasons behind the strong performance by the silver royalty company and a view on what one can expect from the silver market going forward
 

TOP STORIES | Tuesday , 16 Aug 2011                                                     

Über Hedge Fund Manager Steven Cohen jumps on gold ETF express

SAC Capital Advisors L.P. founder Steven Cohen, who has invested in mining stocks, looks now to have officially joined the ranks of the gold ETF gold bugs.    Tuesday , 16 Aug 2011

S&P, Fitch like Kinross Gold's reserves, competitive cost profile

Credit ratings agencies S&P and Fitch have both assigned initial ratings of 'BBB-' to Kinross Gold with stable outlooks.    Tuesday , 16 Aug 2011

Rare Earth Metals flies on TREO intercept

To Rare Earth Metals, drilling results and preliminary metallurgical testing from its Lavergne-Springer project in Ontario look good; investors agreed, boosting Rare Earth Metals shareprice at market open.    Monday , 15 Aug 2011

NGEx targets Eritrean potash as drills turn

Not as well known, but increasingly prospective, Eritrea's side of the potash-rich Danakil basin is seeing more action as NGEx joins the push to find more potash.    Tuesday , 16 Aug 2011

Gold major Newcrest's new CEO gets flying start with June reports

Newcrest's new CEO, Greg Robinson who has big boots to fill with the stepping back of former chief Ian Smith, has had a strong start with the release of latest financial and reserve upgrade figures.    Monday , 15 Aug 2011

Royal Bafokeng Platinum reports 20% drop in H1 profit

The South African platinum miner said higher operating costs dragged down earnings during the period and said it expects further cost increases during the rest of the year    Tuesday , 16 Aug 2011

Century Aluminium to restart idled potline by year-end

The group says it plans to begin construction of a smelter in Iceland by 2012 and will restart the idled potline at its Kentucky smelter by year-end    Tuesday , 16 Aug 2011

Quebec government throws life line to asbestos mine

One of Canada's last-remaining asbestos mines received another reprieve on Monday after the government of Quebec extended its deadline for a consortium of investors to finalise a deal to buy the mine    Tuesday , 16 Aug 2011

Cliffs board approves share buy-back

According to the miner's finance director the approval by the board, will allow Cliffs to opportunistically acquire shares when they are at attractive prices    Tuesday , 16 Aug 2011

How to assess risk in junior gold stocks too good to pass up

Suffocated by staggering unemployment and economic woes, many mining jurisdictions around the world are finding nearly $1,800/ounce gold too good to pass up. Gold Report interview with Joe Mazumdar.    Tuesday , 16 Aug 2011

Nippon Steel ups stake in Siam United Steel

Nippon Steel is to purchase the 5% stake in the Thai steel firm from Siam Cement for $29m ; it already owns 45% of the company.    Tuesday , 16 Aug 2011

Naysayers still abound despite gold's strong performance

As the turmoil in markets grows wilder, so many people are turning to gold but, there still remains a strong and vocal group that are calling a bubble    Tuesday , 16 Aug 2011

Iron ore developer, African Minerals, to increase takeover protection

Africam Minerals, which is developing the huge Tonkolili iron ore project in Sierra Leone, is seeking increased takeover protection at its AGM.    Monday , 15 Aug 2011

Double dip fears drive Gold:S&P ratio higher ... and higher?

Any more economic shocks should cause gold:S&P ratio rise even further in a nervous market with gold outperforming the stock market.    Monday , 15 Aug 2011

Labour strife pushes Eastern Platinum into Q2 loss

Lower platinum production due primarily to labour disruptions at Crocodie River drive Eastplats to Q2 loss    Monday , 15 Aug 2011

Tanzania in talks with miners to raise gold export taxes

Tanzania's government is in talks with miners to raise royalty payments on gold exports as well as negotiating other possible tax hikes.    Monday , 15 Aug 2011

Bullish on precious metals for years to come - Louis James

Even with the turmoil in today's markets, Louis James says business really does go on. He stresses that he remains very bullish on precious metals. Gold Report interview.    Monday , 15 Aug 2011

Yesterday's Top Story: 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

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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