Wednesday, September 14, 2011

MINEWEB.COM'S TOP STORIES: Metals most at risk of supply disruption - BGS index

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Wednesday , 14 Sep 2011                                                     

Metals most at risk of supply disruption - BGS index

Britain's Geological Survey has produced a report analysing potential current global supply risk for 52 metals and elements. Interestingly the elements at most risk are not necessarily those that might immediately come to mind.    Wednesday , 14 Sep 2011

Molycorp invests in energy technology company Boulder Wind Power

A Department of Energy official says Molycorp's investment in a wind energy company generates "many potentially powerful synergies," which lets the U.S. compete more effectively in global markets.    Wednesday , 14 Sep 2011

Rambler Metals and Mining talking with possible off-take partners

As it pursues a mine commissioning this fall, the top dog at Rambler Metals and Mining said the junior was pursuing negotiations with potential buyers of its copper-gold-silver concentrates.    Wednesday , 14 Sep 2011

MMTC to buy stake in Russian conglomerate Alrosa

India's largest trading company, the $10 billion MMTC, is eyeing a stake in the Russian diamond miner, Alrosa, whose total sales for 2011 are forecast to touch $5 billion.    Tuesday , 13 Sep 2011

Resource Nationalism tops mining/metals risks for 2011-12—E&Y

Resource nationalism has imposed greater controls on foreign investment, mandated beneficiation, and resulted in use-it-lose-it demands and other risks to global mining, says Ernst & Young.    Wednesday , 14 Sep 2011

Chile govt.grants water exploration concession to Exeter's Caspiche mine

Canadian explorer, Exeter Resource, has been granted a 10,726 hectare water exploration concession for its Caspiche gold-copper project, which lies in Chile's Maricunga Belt.    Tuesday , 13 Sep 2011

Peru govt. approves new mining royalty scheme

Peru's Finance Minister Luis Castilla reported on Tuesday that the government has approved three new mining royalty or tax schemes to fund anti-poverty initiatives and infrastructure projects, without specifying the new rates.    Wednesday , 14 Sep 2011

Anglo American CEO downplays acquisition hunt - Financial Times

The Financial Times quoted Anglo American CEO Cynthia Carroll as saying bid prices in the mining industry have been "too high" for the company to enter the fray.    Wednesday , 14 Sep 2011

Cerro Verde mine workers go ahead with indefinite strike

A union leader reported on Tuesday that mine workers at the Cerro Verde copper mine will go ahead with an indefinite wage strike starting on Wednesday, after talks with the government yielded no results.    Wednesday , 14 Sep 2011

Drill operator killed at First Uranium's SA mine

A drill operator was killed on Tuesday by a fall of ground on the Number 50 level at First Uranium's Ezulwini underground mine, in South Africa, the fourth fatality at the mine in the past year.    Wednesday , 14 Sep 2011

Silvercorp shares hit as new allegations emerge

Shares in China-focused miner Silvercorp tumbled on Tuesday by as much as 21% as short-sellers publicized their activities against the company, which continues to deny any wrongdoing.    Wednesday , 14 Sep 2011

Barrick to invest $550 mln in Peruvian gold mines by 2013

Barrick plans to spend $550 million on its gold operations in Peru by 2013, the bulk of which will be used to expand the Lagunas Norte mine, which produced 808,000 ounces in 2010, the group's Peru unit head said.    Wednesday , 14 Sep 2011

Indian firms eye massive Afghan iron ore deposit

The race to secure the contract to mine the Hajigak iron ore deposit in central Afghanistan is heating up, with Indian firms bidding to invest billions of dollars in pursuit of the estimated 2 billion tonne reserve.    Wednesday , 14 Sep 2011

Russia's Norilsk Nickel approves buyback of own shares

The Norilsk Nickel board of directors has approved a public buyback of its shares at $306 per ordinary share and $30.6 per ADR.    Tuesday , 13 Sep 2011

Glencore's Kazzinc commissions Kazakh copper smelter

Kazzinc's new copper smelter at its New Metallurgy project in Kazakhstan has been commissioned and will allow the company to produce more profitable refined copper, rather than exporting concentrate.    Tuesday , 13 Sep 2011

Euro zone held gold reserves up by 1mln in week to Sept. 9 - ECB

The European Central Bank said Tuesday that gold reserves held by euro zone central banks went up by 1 million euros in the week ending Sept. 9.    Tuesday , 13 Sep 2011

DRDGold union declares wage dispute

South Africa's National Union of Mineworkers in South Africa has declared a wage dispute with DRDGold, the fourth largest gold producer in the country, seeking an annual wage increase of 14%.    Tuesday , 13 Sep 2011

Hathor's Roughrider uranium deposit could become one of world's lowest cost mines

A preliminary economic assessment of Hathor's Roughrider uranium project suggests a pre-tax PV of around $2 billion over an 11-year mine life mining 5 million lb/year uranium.    Tuesday , 13 Sep 2011

Guinea latest country to conduct comprehensive mining contract review

Guinea is the latest African state to undertake a comprehensive review of all existing mining contracts awarded by the previous government to root out 'unconscionable decisions'    Tuesday , 13 Sep 2011

Mining sector cheap; gold a winner - JP Morgan

According to Neil Gregson, co-manager of J.P. Morgan Asset Management's Natural Resources fund, the mining sector is ripe for M&A activity    Tuesday , 13 Sep 2011

Yesterday's Top Story: High prices trip up gold & silver imports in India

While bullion imports jumped 130% in value terms for the five months from April to August, when one looks at the figures from July to August, a much softer picture emerges    Monday , 12 Sep 2011

PODCASTS / RADIO                                                     

Volatility, the retail market and gold at $2,000 - Ross Norman

Gold has been pretty volatile of late and it has risen six fold since from its lows but, for Sharps Pixley CEO, Ross Norman, the yellow metal is still within the realms of fair value

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

Rare earths and other critical metals - Lara Smith

A look at why critical metals are suddenly a hot topic and some of the challenges facing the sector.

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Date: 18 September 2011 - 21 September 2011
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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

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