Wednesday, September 7, 2011

MINEWEB.COM'S TOP STORIES: Eastern China rare earth mines ordered to stop production

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FEATURED PODCAST                                                     

Central bank gold buying and China's role in the gold market - Julian Phillips

A look at the implications of the Wikileaks cables indicating China's intention for gold and the continued buying of the yellow metal by central banks
 

TOP STORIES | Wednesday , 07 Sep 2011                                                     

Eastern China rare earth mines ordered to stop production

China is following through on its threat to restrict domestic rare earth production, as well as restrict REE exports. Three mining operations in Jiangxi Province were ordered to cease production.    Wednesday , 07 Sep 2011

Swiss franc peg could pave the way for $2,000 gold

The decision by the Swiss National Bank to peg its currency to the euro makes it a less attractive safe haven asset in the eyes of some, say analysts, which should be beneficial for gold    Wednesday , 07 Sep 2011

Vanadium demand to grow as more batteries are required - Chris Berry

Mountain Partners founder Chris Berry says vanadium demand is likely to grow significantly as the need for mass storage batteries increases and steel demand continues to grow. An interview with the Critical Metals report    Wednesday , 07 Sep 2011

Hathor: Cameco bid 'predatory'

Though Hathor Exploration continues to be relatively quiet on Cameco's hostile takeover bid, on Tuesday it made its view on the C$3.75 per share offer even clearer.    Tuesday , 06 Sep 2011

Inca Pacific agrees to takeover by miner that won rights to its seized property

The final, undoubtedly difficult, chapter for Inca Pacific Resources is being written as it agrees to C$0.61 per share takeover price from Peruvian miner Minera Milpo.    Wednesday , 07 Sep 2011

Venezuela signs 3 Chinese agreements aimed at iron ore mining revival

Chinese-sponsored loans and equipment are aimed at boosting production and exports of Venezuela's state-owned iron ore producer CVG Ferrominera Orinco.    Wednesday , 07 Sep 2011

SAIL-led consortium bids for Afghan mines

India's SAIL reported on Tuesday that it has put forward a bid for Afghanistan's Hajigak mines in consortium with other Indian steel and mining firms.    Tuesday , 06 Sep 2011

Brazil mining code overhaul likely to double royalty rates

According to Brazil's Mines and Energy Minister, Edison Lobao, the proposed overhaul of the country's mining industry will likely double average royalty rates for minerals.    Wednesday , 07 Sep 2011

Cerrejon CEO resigns for personal reasons

Leon Teicher will stop working as President and CEO of Colombia's largest coal exporter, a JV between BHP and Anglo American, at the end of 2011    Wednesday , 07 Sep 2011

Humala signs law to avert, mining, oil protests

Peru's president signed a law, Tuesday, requiring mining and energy firms to consult with rural communities on new projects    Wednesday , 07 Sep 2011

Amplats/NUM conclude wage deal

The platinum unit of global miner Anglo Platinum has signed a two-year wage deal with the National Union of Mineworkers and two other unions, averting a strike that could have hurt its 2011 output target.    Wednesday , 07 Sep 2011

Spot gold drops 2% on technical selling

Trading on Wednesday saw spot gold drop 2% to as low as $1,826/oz, tracking losses on U.S. gold futures on technical selling.    Wednesday , 07 Sep 2011

Chinese antimony producer contemplates 2011 output

Leading antimony producer Hsikwangshan Twinkling Star Co will either produce similar or increase antimony output in 2011, compared with last year.    Wednesday , 07 Sep 2011

Kloekner to sell low-margin businesses

The German steel and metals trader said it plans to sell the businesses as part of a cost cutting effort, it hopes will boost operating profits in a slowing economy    Wednesday , 07 Sep 2011

Surging metal prices boost Major Drilling profits

The contract drilling services provider said quarterly earnings more than tripled as demand for drilling services rose on the back of higher metals prices    Wednesday , 07 Sep 2011

MacroAsia/Jinchuan JV investments likely to reach $1 billion

Diversified group MacroAsia Corp forecasts its joint investments with China's Jinchuan Group Ltd in a nickel mine in Palawan province, in the Phillipines, may reach $1 billion.    Wednesday , 07 Sep 2011

Zimplats faces prosecution over local ownership

Zimbabwe's empowerment minister Saviour Kasukuwere says that the local unit of Impala Platinum will be prosecuted for failing to reach terms with the country over the mandated transfer of 51% of its shares to locals.    Wednesday , 07 Sep 2011

How much is China looking to add to its gold reserves?

If recent reports are to be believed, then China is looking to add to its relatively modest stock of 1,054 tonnes of gold, but the question is, at what price would their order be filled?    Tuesday , 06 Sep 2011

South African Q2 gold output jumps 6.4% over previous quarter

According to the country's Chamber of Mines, gold output from South Africa rose to 47,563.6kgs, 6.4% more than was produced in the first quarter. But, year-on-year, production fell 1.8%    Tuesday , 06 Sep 2011

Namibia approves Gold One takeover

Namibia's regulators have cleared the planned takeover of Australia and South Africa-listed Gold One International by a Chinese consortium, removing one small hurdle to complete the transaction.    Tuesday , 06 Sep 2011

Indian court orders Australian firm, AMCI, to deposit $152m

Steel Authority of India has approached the Delhi High Court seeking an order for the Australian firm to deposit the amount before its plea against the International Court of Arbitration award is entertained.    Tuesday , 06 Sep 2011

Gold and other mineral exploration opportunities abound in India E&Y

Despite Indian gold consumption increasing at a CAGR of 7.5% between 2006 and 2010, limited resources for exploration activity and policy complexity have constrained exploration activities in the country    Tuesday , 06 Sep 2011

Yesterday's Top Story: Technical analysis: The start of a precious metal momentum move

This past Friday saw an important breakout in both the HUI and the GDX ETF indices that would seem to confirm the beginning of a momentum move for precious metals stocks    Monday , 05 Sep 2011

PODCASTS / RADIO                                                     

Platinum's supply and demand fundamentals in the current environment - Johnson Matthey

A look at the factors currently influencing supply and demand in the PGM sector with Johnson Matthey publications manager Jonathan Butler

Fiscal policy, and the end of gold's correction - Murenbeeld

Dundee Wealth Economics cheif economist, Martin Murenbeeld, takes a look at the possibility of a bank collapse in Europe, fiscal policy going forward and why a return to a gold standard is unlikely

The state of the global economy - Nouriel Roubini

Dr. Doom believes that while gold prices could go higher, they are reaching excessive levels

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Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
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