Wednesday, September 28, 2011

MINEWEB.COM'S TOP STORIES: Tumbling silver prices prompt U.S. Mint suspension of silver coins

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TOP STORIES | Wednesday , 28 Sep 2011                                                     

Tumbling silver prices prompt U.S. Mint suspension of silver coins

Volatility in precious metals markets prompted the U.S. Mint to temporarily suspend a number of silver numismatic products. Bullion coin sales remain unaffected.    Wednesday , 28 Sep 2011

Romarco raising C$80m to fund Haile gold project

While environmental permitting continues at its Haile gold project in South Carolina, Romarco Minerals waded into the equity markets for project funding.    Wednesday , 28 Sep 2011

Key Australian lawmakers seek stringent mining tax

Independent and Greens lawmakers in Australia are lobbying for the government to expand its mining tax to include gold and axe plans to compensate miners for state royalty increases.    Wednesday , 28 Sep 2011

Alaska judge upholds Pebble Project exploration activity permits

Alaska state agencies have won a lawsuit challenging the constitutionality of state mineral exploration permits issued for the massive Pebble Project.    Wednesday , 28 Sep 2011

Environment California seeks mineral withdrawal near Yosemite National Park

Could the U.S. Department of Interior consider an emergency withdrawal of federal lands near Yosemite National Park from hardrock mining activities? A L.A.-based NGO hopes so.    Wednesday , 28 Sep 2011

Mercator tackles debt financing following El Pilar feasibility

Having put its own stamp on the El Pilar copper project in an updated feasibility study, Mercator Minerals said it was looking to find debt to finance the $245 million in capital costs.    Tuesday , 27 Sep 2011

How much can SA gold and platinum miners reap from weak rand? Q+A

With the South African rand having lost about 16% in September, the question is, who should benefit more - gold or platinum producers?    Wednesday , 28 Sep 2011

Fractal analysis suggests latest drop is the calm before a gold tidal wave

Price and the technical Indicator readings for the precious metal Stock Indices continue to track the 1970's with much higher prices expected in the intermediate-term    Tuesday , 27 Sep 2011

Philippine's NiHAO signs nickel marketing deal with Glencore

The Philippine miner said on Wednesday it has entered into a deal with AGP Industrial Corp to develop nickel mines in the Philippines, while Swiss firm Glencore would market the nickel produced on the world market.    Wednesday , 28 Sep 2011

Peruvian region looking to revoke Southern Copper's water licence

According to the president of the Tacna region, the people of the area are tired of the pollution caused by Southern Copper's mines and said desertification in the area has increased as a result    Wednesday , 28 Sep 2011

Vale fertilizer unit to invest $15 bln by 2020

Vale, which operates Brazil's biggest potash production facility in the state of Sergipe, will invest $15 billion through 2020, the director of the division said on Tuesday.    Wednesday , 28 Sep 2011

Miner dies at UK Coal Yorkshire colliery

The company reported Tuesday that one miner has died and another rescued after being trapped underground following a roof collapse at the Kellingley colliery in Yorkshire, in northern England.    Wednesday , 28 Sep 2011

First Nickel's Ontario mine delivers first ore

Canada-based First Uranium has restarted production at its Lockerby nickel-copper mine in Ontario and made its first ore delivery to diversified miner Xstrata's nickel business.    Wednesday , 28 Sep 2011

Chinese buyers not delaying iron ore shipments - Rio Tinto

The diversified miner has not received any requests from Chinese buyers to delay iron ore shipments, a senior executive said on Wednesday.    Wednesday , 28 Sep 2011

Increasingly bullish on gold - its fall presents major buying opportunity

While financial markets continue to roil and governments continue to try and solve their debt problems, David Levenstein sees opportunity in the recent sell off in the yellow metal    Tuesday , 27 Sep 2011

Yesterday's Top Story: Why gold and silver crashed and how soon will they recover?

Gold and silver investment parameters have changed since the last big crash in 2008. This suggests that any recovery from a fall will be far quicker for both precious metals.    Monday , 26 Sep 2011

PODCASTS / RADIO                                                     

Copper's sustainable price between $8,00 and $8,500 - Standard Bank

A strong sell off across the commodities complex has pushed copper prices down significantly but, Standard Bank's Walter de Wet says, fundamentals remain positive for the metal

Market turmoil falling copper prices and why gold is likely to have a tough 6 months - Gartman

The Author of the Gartman Letter, Dennis Gartman looks at why markets fell so hard toward the end of last week and what it could mean for commodities prices

Undervalued stocks and a dearth of bears at this year's Denver Gold Forum - Tim Wood

The Denver Gold Group's Executive Director, Tim Wood takes us through some of the major talking points at this year's forum and looks at why there are no bears in sight

Gold Resource Corporation announces $20 million stock repurchase program

Gold Resource Corporation (NYSE Amex: GORO) today announced that its Board of Directors has approved a $20 million stock repurchase program. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $25 million to shareholders in monthly dividends since declaring commercial production July 1, 2010.

Gold Resource Corporation, in response to the downward pressure on its stock, is implementing a share repurchase program. Under this program, the Company may repurchase its common shares from time to time in open market transactions at prevailing market prices. The program will be funded from available working capital. For the full release click here

 

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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

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Mooi River, SA

 

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