Monday, September 19, 2011

MINEWEB.COM'S TOP STORIES: Gold equities should be doing a heck of a lot better-DGG Forum Panel

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FEATURED PODCAST                                                     

Mine supply and the gold bubble myth - Paul Walker

While increased mine supply is likely to cause problems for the gold sector longer term, Thompson Reuters GFMS MD Paul Walker does not believe the metal is in bubble territory
 

TOP STORIES | Monday , 19 Sep 2011                                                     

Gold equities should be doing a heck of a lot better-DGG Forum Panel

Are low dividends routinely paid by gold mining companies sending a message that gold company executives lack confidence in the gold sector?    Monday , 19 Sep 2011

Foreign investors hope for end of Mongolia's mining ban

Hundreds of foreign firms in Mongolia hope parliament will revoke a controversial law that prohibits mining in the country's river and forest areas when it convenes for its busy autumn session next month.    Monday , 19 Sep 2011

DGG conference to highlight impact of strong gold and silver on the mining sector

The prestigious Denver Gold Group conference kicks off today and will give attendees a strong indication of the effects the high gold and silver prices will be having on the strategies of the miners.    Sunday , 18 Sep 2011

India's gold ETF holdings swell threefold in August

Gold ETFs in India have seen inflows of over $4.21 billion in the current calendar year, with ETF assets swelling nearly three times in one month alone, from a year ago period.    Friday , 16 Sep 2011

Looking past the summer uranium doldrums - Mickey Fulp

There have been few catalysts driving uranium stocks this summer. But Mickey Fulp, believes this market funk resembles the period that preceded one of the best junior resource bull markets ever seen. Energy Report interview.    Saturday , 17 Sep 2011

AngloGold Ashanti CEO sees gold hitting $2,200 by next year

At pre-Denver Gold Forum show site visit at Cripple Creek gold mine, AngloGold Ashanti CEO, Mark Cutifani, said he sees gold reaching $2,200 an ounce by next year and hinted of possible dividend increase.    Sunday , 18 Sep 2011

Petra Diamonds profit falls 5.4% to end June; sees volatile prices

The diamond miner's core profit to end June 2011 fell 5.4% as higher rough diamond prices outweighed a decline in output and rising costs.    Monday , 19 Sep 2011

Ezz Steel's future investments may be hit by court ruling

The Egyptian steelmaker said on Sunday that the decision by a court to jail its former chairman Ahmed Ezz for corruption would not affect current operations but is likely to hit future investments.    Monday , 19 Sep 2011

Guinea's CBG halts bauxite exports as repairs fail

The company halted bauxite exports on Sunday afternoon after repairs to a conveyor belt used to load ships failed.    Monday , 19 Sep 2011

More than a thousand mine workers return to Indonesia mine - Freeport

Freeport spokesman Ramdani Sirait said on Monday that more than a thousand mine workers have returned to the strike-hit Grasberg copper mine in Indonesia.    Monday , 19 Sep 2011

Big increase in SPDR Gold Trust ETF holdings

The latest figures for the SPDR Gold Trust ETF - the world's largest - showed a big influx towards the end of the past week despite the volatility in the gold price.    Saturday , 17 Sep 2011

Major miners still betting on Peru despite planned royalty, tax increases

While some uncertainty over detail in President Humala's proposed royalty and tax reforms remains, major gold and base metal miners still see Peru as good place to invest.    Saturday , 17 Sep 2011

Comex gold, silver, copper net long positions all fall back

Alongside the fall in the gold price and continuing uncertainty on growth, Comex net longs on gold, silver and copper all fell last week    Saturday , 17 Sep 2011

China sets its first national gold standard - Xinhua

China has set a national gold standard at 99.999 pct purity with the new standard conforming to international requirements and the move is expected to accelerate opening up of gold trading    Saturday , 17 Sep 2011

Wage talks with Implats deadlocked - NUM

The National Union of Mineworkers said on Friday its wage talks with platinum miner Implats have faltered, but said that strike action was not imminent.    Friday , 16 Sep 2011

Norsk Hydro sells stake in Jamaican alumina refinery

Norway's aluminium producer, Norsk Hydro, has sold its 35% stake in the Alpart bauxite mines and the alumina refinery in Jamaica to Russia peer Rusal for $45 million.    Friday , 16 Sep 2011

Alamos lifts resources of Turkey projects by 19%

The Canadian miner reports that the measured and indicated resources for its Agi Dagi and Kirazli projects in Turkey rose 19 percent to 1.96 million gold ounces.    Friday , 16 Sep 2011

Gold investors need strong stomachs

While gold in dollar terms rallied to $1,789 an ounce on Friday morning, it is still down 3.6% from last week's close analysts predict that investors are going to need a strong stomach    Friday , 16 Sep 2011

De Beers signs new 10-year sales deal with Botswana

Global diamond miner De Beers has signed a new 10-year contract for the sorting, vaulting and sales of the diamond production of Debswana, its partnership the government of Botswana.    Friday , 16 Sep 2011

$200m manganese mining deal expected to be sealed in South Africa next week

Tshipi ê Ntle Chairman, Saki Macozoma, said the manganese miner is expecting the contract with preferred supplier, Aveng Moolmans, for the R1.5bn development in SA's N. Cape to be sealed next week.    Friday , 16 Sep 2011

Brazil approves Carpathian gold mine

Canada's Carpathian Gold says it has received government approval to build its proposed 94,000 oz/y Riacho dos Machados gold mine, in Minas Gerais State.    Friday , 16 Sep 2011

Hungary alumina firm ordered to pay $655.5 mln for spill

The government of Hungary says privately-owned alumina firm, MAL Zrt, must pay the record environmental fine of $655.5 million for the spill of industrial waste that killed 10 people last year.    Friday , 16 Sep 2011

Weekend Top Story: Possible effects on gold of yet another major banking crisis

The severity of the latest crisis affecting European banks - and beginning to spread globally - is reminiscent of 2008 and could ultimately lead to a new role for gold in the global monetary system    Friday , 16 Sep 2011

PODCASTS / RADIO                                                     

Village Main Quarterly Results - Bernard Swanepoel Village CEO

"If you look at the sum of the parts, we think it's significantly undervalued ... we've been putting our money where our mouth is..."

Jan Nelson: CEO, Pan African Resources

Pan African Resources hopes for a rich strike in a gold-laden area not explored for a century.

Thompson Reuters GFMS Gold Survey 2011 – Update 1: Neil Meader

A look at some of the trends seen in the gold market recently, with a focus on central bank purchases and a view of where the gold market is heading

The impact of Asian demand and new investors on the gold market - Grant Williams

With a whole lot of new eyes looking at the gold market now, the metal doesn't always behave as it should but the expectation is still for a very good September

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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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ENGINE ROOM

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
Jan Chadwick, International
Wendy Hora, Australasia

Editor in Chief

Alec Hogg, Mooi River, SA

 

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