Thursday, September 8, 2011

MINEWEB.COM'S TOP STORIES: USA credit downgrade, lagging gold equities good for gold mining M&A-PwC

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TOP STORIES | Thursday , 08 Sep 2011                                                     

USA credit downgrade, lagging gold equities good for gold mining M&A-PwC

The so-called mining mega-deal was nowhere to be found during the first half of this year, as the combined value of all global mining deals declined by $9.2 billion, a PwC report reveals.    Thursday , 08 Sep 2011

Barrick announces 2 major new gold discoveries at Cortez properties

Barrick officials are excited over the prospect of two potential world class gold discoveries on their own property, located alongside several of their major Nevada operations.    Thursday , 08 Sep 2011

Who is actually buying copper?

The ever larger involvement of financial institutions in the copper market is destroying the delicate balance between supply and actual demand, Simon Hunt says, and will lead to significant falls in the metal's price    Thursday , 08 Sep 2011

International Tower Hill committed to going it alone at Livengood, spokesperson says

In the race to build - or sell - the next big gold mine, International Tower Hill says its committed to the former.    Thursday , 08 Sep 2011

'Oversold' U3O8 Corp stock explains sudden shareprice surge

U3O8 Corp's shareprice rocketed up Tuesday, regaining some lost territory since Japan's nuclear disaster.    Wednesday , 07 Sep 2011

Debt, blood and fear present golden opportunities - Holmes

Equities, and gold equities in particular, are likely to benefit from the current macro economic picture that is characterised by expansive money supply, massive debts, says US Global's Frank Homes    Wednesday , 07 Sep 2011

Citic weighs options for Macarthur at collapse of Anglo counterbid - sources

Sources say China's Citic group is weighing up its options as it seeks a higher offer price for its stake in Macarthur Coal after Anglo American walked away from a potential counterbid for the Australian miner.    Thursday , 08 Sep 2011

Australian court halts Vale bid to force Aquila coal vote

The Queensland Supreme Court ruled late on Wednesday to block Vale's attempt to force its JV partner in the proposed Eagle Downs coal project, Aquila Resources, to vote on a project plan without having secured access to rail and port capacity.    Thursday , 08 Sep 2011

Workers at Peru's Cerro Verde mine plan indefinite strike on Sept 14

Mine workers at the Cerro Verde copper mine launched a two-day pay strike on Wednesday, and threatened to embark on an indefinite strike on Sept 14 if their demands for higher wages are not met.    Thursday , 08 Sep 2011

Mexico steel output to ease as U.S. economy slows in 2012- Canacero

The country's iron and steel industry association Canacero predicts that the pace of economic activity in the U.S. will ease to 3% in 2012, thus impacting on Mexican steel production.    Thursday , 08 Sep 2011

BonTerra Resources shares jump 25% on high-grade gold discovery

The Canadian junior saw its shares jump on the news it has found a significant amount of high-grade gold at its Eastern Extension property in Quebec.    Thursday , 08 Sep 2011

Aurubis looking for more acquisitions outside of Europe

According to an interview in a German newspaper, Arubis's CEO said the group is planning more acquisitions outside of Europe following its purchase of Luvata    Wednesday , 07 Sep 2011

Glencore releases 1st sustainability report

Glencore's sustainability report, promised during the run-up to its listing earlier this year, shows that the company paid $780,000 in major environmental fines in 2010 and had 18 fatalities.    Wednesday , 07 Sep 2011

Outokumpu Q3 developments in line with guidance

The stainless steel maker reports that third-quarter developments are in line with guidance, given that the company previously forecast that demand in the quarter would be below the second quarter.    Wednesday , 07 Sep 2011

Aquarius Platinum JSE shares down 7.5%

The company's shares fell 7.5% in Johannesburg on Wednesday on investor concerns about Zimbabwe's decision to prosecute its JV partner Impala Platinum.    Wednesday , 07 Sep 2011

Kazakh central bank to buy local output until 2014/15

To ease the country's exposure to the sagging dollar, Kazakhstan's central bank will augment its gold reserves by buying the nation's entire gold output until at least 2014/15.    Wednesday , 07 Sep 2011

Yesterday's Top Story: Swiss franc peg could pave the way for $2,000 gold

The decision by the Swiss National Bank to peg its currency to the euro makes it a less attractive safe haven asset in the eyes of some, say analysts, which should be beneficial for gold    Wednesday , 07 Sep 2011

PODCASTS / RADIO                                                     

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

Platinum's supply and demand fundamentals in the current environment - Johnson Matthey

A look at the factors currently influencing supply and demand in the PGM sector with Johnson Matthey publications manager Jonathan Butler

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

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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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