Friday, September 16, 2011

MINEWEB.COM'S TOP STORIES: More than half of Canadian mining CEOs are millionaires-Coopers/PwC salary survey

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TOP STORIES | Friday , 16 Sep 2011                                                     

More than half of Canadian mining CEOs are millionaires-Coopers/PwC salary survey

Canadian mining CEOs are currently enjoying high salaries on a par with 2010's blockbuster year for compensation, a Coopers Consulting/PwC survey has determined.    Friday , 16 Sep 2011

Indonesia's mining tax plans will raise coal and base metals prices

Recent tax developments by Indonesia's government aimed at promoting local mining are expected to increase prices of coal and aluminium among others as demand for metals in India and China continues to rise.    Friday , 16 Sep 2011

3 mine sites (one active), former zinc smelter are new EPA Superfund sites

The U.S. EPA is adding 15 hazardous waste sites to the National Priorities List of Superfund and proposing 11 sites for action.    Friday , 16 Sep 2011

Conroy's gold potential exciting, but can it deliver a mine?

Conroy Gold's potential in the area it is exploring in Ireland would seem to suggest a far higher rating for the junior explorer but it continues to have difficulty raising its profile among the bigger potential investors.    Thursday , 15 Sep 2011

Impressive maiden resource for Continental Gold at Buritica

Continental Gold's exploration at the Buritica gold project in Colombia is coming up trumps with a substantial maiden NI 43-101 compliant resource and a projected mine start-up date of 2014.    Thursday , 15 Sep 2011

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

40% dividend increase from Alamos Gold

The junior Canadian gold miner has raised its dividend for the third time since it commenced such payments last year.    Thursday , 15 Sep 2011

Foreign investors bullish on Philippine mining prospects

With the Philippine government expecting new investments in its minerals industry to reach $2.8 billion this year, double an earlier forecast, foreign investors are bullish on pursuing mining ventures in the country.    Friday , 16 Sep 2011

Freeport Indonesia strike delays 133,000 t of copper exports

Two industry officials said on Friday that the protest at Freeport McMoran's Grasberg copper mine has resulted in delayed shipments of around 133,000 tonnes of copper ore concentrate.    Friday , 16 Sep 2011

Coeur's Kensington mine operating at normal levels

Operations are underway in all areas of Coeur d'Alene Mines' Kensington gold mine in Alaska, despite last week's fatal underground accident, a company spokesman said Thursday.    Friday , 16 Sep 2011

Paladin restarts production at Malawi uranium mine

The Australia-based miner has restarted uranium production at its Kayelekera mine in Malawi as scheduled following upgrade work.    Friday , 16 Sep 2011

Chinalco's $2.2 bln Peru mine to start in 2013

China's Chinalco is planning to start pre-production at its $2.2 billion Toromocho copper mine in Peru in March 2013 and initiate start of operations later in October of 2013.    Friday , 16 Sep 2011

Vale to decide on Peru phosphate mine expansion by year-end

Vale's general manager in Peru Jalmiro Lazarini said on Thursday that the company will decide on the expansion of the Bayovar mine toward the end of the year.    Friday , 16 Sep 2011

Metals Ex's Runruno gold/moly project looking to start up H2 2012

AIM listed Metals Exploration's local subsidiary says that it is moving towards getting its Runruno gold/moly mine in the Philippines up and running by the end of next year.    Thursday , 15 Sep 2011

Silvercorp pushes ahead with share repurchase plan

The China-focused silver miner, which has shed over $1.5 billion in market value in the last five months, is pushing ahead with its buyback of up to 10 million shares.    Thursday , 15 Sep 2011

Egyptian steel magnate gets 10 years imprisonment

Shares of Ezz Steel fell 8.9% after steel magnate Ahmed Ezz and former industrial development chief Amr Assal were handed a 10 year prison sentence and a joint fine of $110.9 million for corruption.    Thursday , 15 Sep 2011

Nucor Corp anticipates lower-than-expected Q3 earnings

The company expects lower earnings during the quarter, blaming rising supplies for depressing prices for sheet metal in the United States during the quarter.    Thursday , 15 Sep 2011

GFMS sees gold price spiking above $2,000/oz before year-end

In its newly released Gold Survey, specialist gold consultancy, GFMS, expects gold to spike above $2,000 in the current year with gold investment jumping by more than 25%.    Thursday , 15 Sep 2011

Zim mining licence removal threat gone- Implats

World's second largest platinum producer Impala Platinum reported on Thursday that the threat by Zimbabwe's government to withdraw Zimplats' mining licence has "fallen away".    Thursday , 15 Sep 2011

Steelmaker Voestalpine not planning to cut production as yet

The company does not anticipate a sustained decline in the level of demand from its most important customer segments, therefore it is not planning to cut production as yet.    Thursday , 15 Sep 2011

Yesterday's Top Story: Are gold stocks really beginning to boom again?

Gold mining stocks have performed poorly against the gold price itself for most of the past six months, but this is beginning to change and we could be set for a major boom in valuations as profits begin to surge.    Wednesday , 14 Sep 2011

PODCASTS / RADIO                                                     

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

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

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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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