Monday, September 5, 2011

MINEWEB.COM'S TOP STORIES: Strong gold bullion coin sales, silver bullion coin sales drop in August-U.S. Mint

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TOP STORIES | Monday , 05 Sep 2011                                                     

Strong gold bullion coin sales, silver bullion coin sales drop in August-U.S. Mint

The U.S. Mint reported 54,000 ounces in sales last month of the new America the Beautiful 5-oz silver bullion coins.    Monday , 05 Sep 2011

Governments increasingly buying gold

Venezuela's decision to retain 100% of its gold production could turn out to be a rather prudent investment decision and one other nations come to copy, says Julian Phillips, and it could have a cumulative impact on global supplies of the metal    Monday , 05 Sep 2011

Colombia's gold mining boom offers silver lining for paramilitaries, guerillas

The Colombian government is worried that the nation's gold wealth is attracting criminals, paramilitaries and guerilla groups who are eager to expand their drug-running and extortion rackets with legally salable gold.    Monday , 05 Sep 2011

Metals stock volatility to increase but, so will opportunity - Rick Rule

According to Rick Rule, volatility across the board is likely to increase as politicians continue their debt dance but, he says, the expected swings offer opportunities.    Monday , 05 Sep 2011

Patient investors could reap big rewards from Lithium - Chris Berry

While lithium equities might not set pulses racing in the short term, House Mountain Partners founder Chris Berry makes his case that over the longer term the element will be in very strong demand. An Energy Report Interview    Friday , 02 Sep 2011

Metorex reports 155% jump in H1 profit

The South African miner, currently being acquired by Jinchuan, said Monday H1 profit rose to 4.5 US cents per share on the back of strong copper prices and higher output    Monday , 05 Sep 2011

Anglo, Rio to sell out of Palabora Mining

The two diversified miners said they plan to sell out of Palabora Mining, South Africa's only producer of refined copper, as the operation is too small for the two majors    Monday , 05 Sep 2011

Mining baron arrested in growing Indian iron ore scandal

According to police, mining baron and former minister, G. Janardhana Reddy , was arrested Monday in connection with a mining scandal that may have cost the southern state of Karnataka $3.6 billion in lost revenue.    Monday , 05 Sep 2011

Silvercorp shares slump on fraud-allegation denial

The Chinese-focused miner became the latest company to be embroiled in claims of accounting fraud. The group said it had received an anonymous letter claiming a $1.33bn fraud, but it denied the allegation.    Monday , 05 Sep 2011

Mueller, Leucadia sign standstill agreement

The diversified company, Leucadia National, has agreed, with Metal components maker, Mueller, to a defence against hostile takeovers, whereby Leucadia will not own more than 27.5% of Mueller.    Saturday , 03 Sep 2011

Money managers trim gold longs, raise copper short

According to Reuters data, COMEX gold futures positions held by managed money declined for the fourth week in a row while speculative short positions in copper rose.    Saturday , 03 Sep 2011

Stolen radioactive material from Namibia's Trekkopje mine recovered

France's Areva says four drums containing radioactive material stolen last week from its Trekkopje uranium mine have been recovered, with four suspects arrested.    Friday , 02 Sep 2011

Liberia gears up for first post-war iron-ore/gold shipments

In a bid to revive its mining sector, which once contributed over 25% to GDP, Liberia is preparing for first iron-ore shipment later this year, with first gold expected in as soon as six months.    Friday , 02 Sep 2011

Where does gold go from here - $1,500 or $2,000?

A scan of the opinions from a broad spectrum of analysts suggests two outcomes for the gold price, a drop to $1,500 or a rise to $2,000, the question is, which way will it go and what will be the main force behind the move?    Friday , 02 Sep 2011

Weekend Top Story: India's need for gold in September undiminished by high prices

With a cluster of Indian festivals in September, culminating in Diwali in October, and the wedding season kicking into gear at the end of this month, Indian customers are going to ludicrous lengths to buy gold.    Friday , 02 Sep 2011

PODCASTS / RADIO                                                     

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

The danger of financialisation and substitution in the copper market - Simon Hunt

A look at how the copper market is placed given the likelihood of a return to recession in the West and concerns around inflation in China

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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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