Thursday, September 15, 2011

MINEWEB.COM'S TOP STORIES: S. Afghanistan desert contains significant new light rare earths deposit-USGS

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TOP STORIES | Thursday , 15 Sep 2011                                                     

S. Afghanistan desert contains significant new light rare earths deposit-USGS

The LREE prospects in the Khanneshin carbonatite in the Registan Desert are comparable to world-class deposits such as Molycorp's Mountain Pass and Bayan Obo in China, says USGS scientists.    Thursday , 15 Sep 2011

U.S. mining offers enormous growth, job creation opportunities, Congress told

The House Natural Resources Committee's recent session on domestic mining opportunities and hurdles stressed the need for a U.S. mining policy that emphasizes and protects U.S. mining jobs.    Thursday , 15 Sep 2011

Coeur's Alaska mine operations still affected by fatality

Mine operations at Coeur d'Alene's Kensington gold mine in Alaska continue to be affected by last week's fatal underground accident that has resulted in the partial closure of the concerned section.    Thursday , 15 Sep 2011

Risky nano cap explorers can offer outsize returns - Paul Zweng

By investing in the tiniest of resource companies, Paul Zweng has grown a Resource Venture Advisors fund from about $2 million in 2009 to more than $20 million today. Gold Report interview.    Thursday , 15 Sep 2011

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

McCarthyism in the Rare Earths sector?

Unless the West is to remain totally subservient to China in rare earths supplies, it needs to be more proactive in substitution technology and advancing new rare earths mining projects.    Wednesday , 14 Sep 2011

Gold is all about confidence in money and money systems

We are now moving to a point where there is a fundamental separation of money's role as a means of exchange and a measure of value, while gold has remained the preferred store of value through the ages.    Wednesday , 14 Sep 2011

Freeport Indonesia mine workers embark on month-long strike

More than 10,000 mine workers at Freeport McMoRan's Grasberg copper mine in Indonesia have embarked on a month-long wage-related strike, following similar action at a major Peruvian mine.    Thursday , 15 Sep 2011

Copper producer Anvil Mining plays down $1 bln takeover rumours

The Canada-based company says it is unaware of any developments about its business after an Australian newspaper speculated that it may be the target of a $1 billion takeover bid.    Thursday , 15 Sep 2011

Euro zone debt crisis raising risk to commodities outlook

Goldman Sachs reiterated its commodities price forecasts and said a deeper recessionary event is needed to derail the bull market forecast but that the euro zone debt crisis had heightened the risks involved.    Thursday , 15 Sep 2011

Seven killed in Colombia gold mine collapse

A gold mine in the remote Choco province, which produces around half of Colombia's gold, collapsed on Wednesday, killing seven workers and adding to the country's poor safety record.    Thursday , 15 Sep 2011

Gold Fields targets 1 mln oz gold in South America

The gold miner has an ambitious goal of producing 1 million ounces of gold from its South American operations by 2015, the company's regional chief said on Wednesday.    Thursday , 15 Sep 2011

HSBC dropped as defendant in silver price-fixing lawsuit

An amended complaint filed on Wednesday in the U.S. District Court in Manhattan dropped HSBC as a defendant in the silver price-fixing lawsuit, saying the bank had entered a "tolling agreement" with the plaintiffs.    Thursday , 15 Sep 2011

Peru's leftist government asks Congress for raised mining taxes

The Peruvian government presented a bill to Congress on Wednesday as it pursues increased mining taxes to fund anti-poverty projects.    Thursday , 15 Sep 2011

NALCO finalises 300,000 tonne export contract

According to a company official, the Indian state-run firm has finalised the contract with a European buyer at 16% of the LME aluminium price on an FOB basis    Thursday , 15 Sep 2011

ArcelorMittal to invest $1.1bn in Dutch steel plant

The steelmaker said it plans to invest the money in its plant in the Netherlands over a five-year period in a bid to improve quality and raise capacity    Thursday , 15 Sep 2011

Zimbabwe eases grip on foreign miners

Zimbabwean Mines Minister told a conference in Harare that the government did not intend to cancel any mining permits, and that exceptions may be made to laws requiring foreign miners to give majority stakes to locals.    Wednesday , 14 Sep 2011

Gold eases but remains supported by mounting euro zone fears

Gold priced in euros was restricted by a pick-up in the single European currency on Tuesday but remained within less than 2% of record highs hit on Monday.    Wednesday , 14 Sep 2011

Yesterday's Top Story: 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

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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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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