Friday, September 23, 2011

MINEWEB.COM'S TOP STORIES: U.S. Gold, Minera Andes to merge into McEwen Mining

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TOP STORIES | Friday , 23 Sep 2011                                                     

U.S. Gold, Minera Andes to merge into McEwen Mining

Rob McEwen, the primary shareholder in U.S. Gold and Minera Andes and a master mining promoter, is lending his name to the new McEwen Mining.    Friday , 23 Sep 2011

What another banking crisis will mean for gold

With stock prices falling across the globe and concern running high that a return to recession is likely, Julian Phillips looks at what could happen to gold's role as the banking crisis deepens.    Friday , 23 Sep 2011

Mining issues dominate upcoming Yukon elections

Yukon New Democrats want to increase mining royalty rates to help pay for education, health and social programs. Yukon Liberals and the Yukon Party are against the proposal.    Friday , 23 Sep 2011

Seabridge Gold ponders underground potential of gold-copper leviathan in BC

In an upcoming prefeasibility study update Seabridge Gold says it will outline underground possibilities of its KSM project in northwestern BC, Canada.    Thursday , 22 Sep 2011

Uranium's glowing prospects and the potential for a gold stock bubble - Casey

According to Doug Casey, of Casey Research while the West may still be skittish, its full steam ahead for India and China in the nuclear space and is also looking at oil, gas and gold. An Energy Report Interview    Friday , 23 Sep 2011

Shades of 2008: Is this how the gold bull market ends?

The recent fall in gold is just as much about investors selling to cover losses elsewhere as it is about the liquidity crisis forcing Dollars and Yen higher and, Adrian Ash believes, it feels rather similar to 2008    Friday , 23 Sep 2011

Keegan bullish on financing Esaase gold project in Ghana

In a conference call with investors and analysts, Keegan management discussed possible financing as they went over their first prefeasibility study of the Esaase gold project.    Friday , 23 Sep 2011

Online gold buying gets a boost in India during traditionally inauspicious period

While traditional Indians observe a period of mourning and stay away from the gold market, store operators and traders are wooing them back with online discounts, hoping customers flood the internet to buy gold    Thursday , 22 Sep 2011

World first in-situ gold mining project hits corporate turbulence

The company that owns the licences in South Australia on which a "world first" gold extraction process was to be trialed has indicated it has technical and commercial concerns about the project.    Thursday , 22 Sep 2011

Namibia's Rossing offers workers new deal before strike action

The Mineworkers Union of Namibia, which represents some 1,200 of Rossing's 1,600 workers, reported on Friday that the company has offered a new wage-related deal, just before the scheduled start of a strike.    Friday , 23 Sep 2011

Antofagasta/Barrick JV denied mining lease in Pakistan

The southwestern Pakistani province of Baluchistan has objected to a mining lease being sought by London-listed Antofagasta and Canada's Barrick Gold, further delaying the proposed Reko Diq copper/gold project.    Friday , 23 Sep 2011

Grim economic outlook hits base metals; LME copper down over 7%

LME copper extended losses in another brutal sell-off on Friday to hit $7,115.75 a tonne, its lowest in more than a year, and is on course for its biggest weekly loss since October 2008.    Friday , 23 Sep 2011

Russia's Uralkali eyes new 2.5 mln t/y potash mine in 2018

The potash producer, which became the world's No 2 potash producer by capacity after acquiring local rival Silvinit in June, is contemplating a new mine and combined complex with an annual production capacity of 2.5 million tonnes by 2018.    Friday , 23 Sep 2011

Coal exports steady, no signs of recession - CN Rail CEO

Canadian National Rail CEO Claude Mongeau said Thursday coal exports, rail volumes have been steady and show no signs of a double dip recession, but years of sluggish economic growth are expected.    Friday , 23 Sep 2011

Guinea bauxite output hits 9.7 mln tonnes in H1 2011

In a report released on Thursday, the Guinea government stated that the country's bauxite production rose 5.2% year-on-year during the first half of 2011 to 9.7 million tonnes.    Friday , 23 Sep 2011

Peru's Congress approves raised mining taxes and royalties

Peru, a top global producer of precious and base metals, expects $42 billion in mining investments over the next decade and Congress has approved new legislation that will see miners pay royalties of between 1% and 12% of their operating profits.    Friday , 23 Sep 2011

Freeport Indonesia union may discontinue government-led mediation

Union spokesman, Juli Parorrongan, said on Friday that it plans to stop a tripartite mediation process led by the government and will look to deal directly with Freeport in order to end the month-long wage strike.    Friday , 23 Sep 2011

Teck Resources to spend C$685 mln on Trail, Highland Valley upgrade

The company will invest some C$685 million on upgrades at its Trail Operations and Highland Valley Copper mine, both in British Columbia, with the work expected to end in 2014.    Thursday , 22 Sep 2011

Consol Energy raises 2011 coal export outlook

The coal miner has raised its 2011 coal export forecast, saying it sees higher shipments to Asia and expects overall export markets to remain strong throughout the year.    Thursday , 22 Sep 2011

China-focused Silvercorp marches on with share buyback

Despite fighting anonymous shortsellers who accuse the company of fraud, Silvercorp has so far bought back some 4.5 million common shares worth about $35 million, and plans to buy back as many as 10 million common shares.    Thursday , 22 Sep 2011

Nippon, Sumitomo settle merger ratio

Japan's Nippon Steel Corp and Sumitomo Metal Industries have settled on a merger ratio as they prepare to combine their operations to create the world's No.2 steelmaker and a rival for ArcelorMittal.    Thursday , 22 Sep 2011

Yesterday's Top Story: Short-selling from the dark: Who is behind damaging Silvercorp reports?

Most recently hitting Silvercorp, a spokesperson for Alfredlittle.com goes so far as to say Chinese investigators have risked being kidnapped in China in making short-selling cases that it publishes on its website.    Wednesday , 21 Sep 2011

PODCASTS / RADIO                                                     

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

Downside risks looming for copper - VM Group

A growth in mine supply, in the wake of further potential economic weakness in the West and uncertainty around the state of China's stock piles all point to a rising downside risk for the metal

Mine supply and the gold bubble myth - Paul Walker

While increased mine supply is likely to cause problems for the gold sector longer term, Thompson Reuters GFMS MD Paul Walker does not believe the metal is in bubble territory

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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

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Mooi River, SA

 

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