MINEWEB.COM'S TOP STORIES: Grupo Mexico withdraws proposed Asarco/Southern Copper combination

TOP STORIES | Monday , 31 Oct 2011                                                      Grupo Mexico withdraws proposed Asarco/Southern Copper combination Grupo Mexico reported increased copper production as lower moly, silver, gold and zinc production during the first nine months of this year.    Monday , 31 Oct 2011 CIBC lowers silver price guidance, downgrades PanAm, Minefinders CIBC will maintain "a positive disposition to silver prices," but is skeptical as to why mining companies' cash flows have not kept pace with silver price movements.    Monday , 31 Oct 2011 Congo gold - less risky than you may think - Kevin Puil Investment in the DRC is much less risky than a few years ago. Kevin Puil of Malcolm H. Gissen & Associates and the Encompass Fund, recently traveled to the Congo and liked what he saw. Interview with The Gold Report.    Saturday , 29 Oct 2011 Harmony Gold's Q3 earnings beat expectations on bullion's record run The gold miner posted a more than three-fold increase in quarterly earnings on Monday, beating expectations on the back of bullion's record run.    Monday , 31 Oct 2011 Ethos gold anomaly measures up to Kinross, Kaminak in Yukon's White Gold district It seems a bit of a waiting game is at play in the Yukon's White Gold district as juniors anticipate the eyes Kaminak may draw once it releases its first resource for the Coffee gold project.    Friday , 28 Oct 2011 BHP Australia coal miners to stage more work stoppages on Friday - union Union workers at four BHP Billiton coking coal mines in Australia will stage more work stoppages on Friday as part of a long-running industrial action over job security and better wages.    Monday , 31 Oct 2011 JP Morgan joins China's main precious metals bourse The China unit of investment bank JP Morgan has become the eighth foreign financial institute to gain entry to China's main precious metals bourse, the Shanghai Gold Exchange.    Monday , 31 Oct 2011 Sudan issues 50 more gold exploration licenses Sudan's govt. has issued 50 licenses to 73 firms to explore gold and other minerals, as it tries to grow its small gold production to compensate for the loss of most of its oil reserves to newly independent South Sudan.    Monday , 31 Oct 2011 Splitting rights, a practical fix to the sterilisation of South African minerals South Africa's department of mineral resources is looking at ways to change existing regulations in a bid to make it easier to mine marginal ore bodies, especially contiguous ones    Monday , 31 Oct 2011 Costless, limitless, meaningless money ever since the gold standard demise Once-upon-a-time, a debt default wasn't known as "forgiveness"...Since Nixon cut the dollar link to gold we've seen a succession of ever bigger credit bubbles.    Sunday , 30 Oct 2011 Andean American Gold halts Peru mine feasibility study on massive cost escalation A slew of factors have led to Andean American's decision to stop work on an optimized feasibility study for its Invicta project in Peru, with ballooning projected costs chief among them.    Friday , 28 Oct 2011 Govt. intercedes in dispute over Newmont/ Buenaventura's huge new Peruvian gold mine In bid to avert further conflict over Newmont and Buenaventura's planned $4.8 billion Minas Conga gold mine, Peruvian government brokering talks between miner and dissenters    Friday , 28 Oct 2011 DRC's copper production surge hampered by infastructure constraints The country's ambitious plans to expand its copper output to match that of Africa's largest copper producer Zambia falters as a deal with Chinese infrastructure firms has yet to fall into place.    Friday , 28 Oct 2011 Freeport Indonesia mine wage talks deadlocked - union Wage talks between U.S. miner Freeport McMoRan Copper & Gold and the union acting on behalf of its striking Grasberg mineworkers in Indonesia have not yielded positive results after a week of negotiations, the union said Friday.    Friday , 28 Oct 2011 Eurozone fix so far so good, but gold positive doubts remain Full details of the Eurozone rescue package may not be known for some weeks yet as some key negotiations continue, but some doubts remain maintaining a safe haven interest in gold.    Friday , 28 Oct 2011 Weekend's Top Story: Gold expected to continue to advance this year and next - but beware H2 2013 Research shows that over the next 12 - 15 months fundamentals, sentiment and an optimistic market for gold will continue to support gold prices, but the second half of 2013 remains a concern in this respect.    Friday , 28 Oct 2011 PODCASTS / RADIO                                                      Gold Bullion, confidence and the European crisis - Julian Phillips Goldforecaster founder, Julian Phillips looks at the likely implications of the ongoing European crisis on the gold market and the longer term outlook for the yellow metal Petmin's plans through the cycle - Ian Cockerill Petmin's, executive chairman, Ian Cockerill looks at the reasons behind the diversified mining group's recent acquisitions given the macro-economic environment facing miners The state of South African mining - Adrian Macartney Ernst & Young's Africa transactions head, Adrian Macartney, looks at some of the major challenges facing the South African mining sector.	Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website. Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com Follow mining news updates on Twitter http://twitter.com/Mineweb Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.   CONFERENCES Gold & Silver Investment Summit 2011 Date: 07 November 2011 - 07 November 2011 Venue: Royal Garden Hotel, Kensington, London, UK Annual conference that aims to link junior exploration & emerging gold and silver producing companies plus expert keynote speakers & analysts with financial institutions, brokerage firms, corporate finance & investment houses involved in the precious metals, resource & commodity markets Read More The Gold Symposium 2011 Date: 14 November 2011 - 15 November 2011 Venue: Luna Park, Crystal Palace, Sydney, Australia The 2-day event will feature presentations by world‑renowned precious metals and monetary experts and gold mining company CEOs. Read More 2011 NWMA Mining Conference and Exhibition Date: 27 November 2011 - 02 December 2011 Venue: John Ascuaga's Nugget Hotel, Reno, USA Important regional conference and exhibition being held in Reno this year. Mineweb's Dorothy Kosich will be attending. Read More San Francisco Hard Assets Investment Conference Date: 27 November 2011 - 28 November 2011 Venue: San Francisco Marriott, USA The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More FEATURED COMPANY View more featured mining companies 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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MINEWEB.COM'S TOP STORIES: Barrick reports record 3Q profits, gold & copper production decline

TOP STORIES | Friday , 28 Oct 2011                                                      Barrick reports record 3Q profits, gold & copper production decline Despite lower 3Q gold production, Barrick says it remains on track to meet 2011 gold production guidance, although 2011 copper production guidance has been lowered.    Friday , 28 Oct 2011 More rare earth companies in China suspending production as prices slide In a bid to stabilise the rare earths market amid falling local prices and balance the supply and demand position, much of the rare earths mining sector in China is temporarily halting output.    Thursday , 27 Oct 2011 Newmont maintains 2011 gold, copper production guidance despite 3Q drop Newmont reported a 19% increase in Q3 adjusted net income although both gold and copper production declined during the quarter.    Friday , 28 Oct 2011 Rio Tinto, Hathor discussed 'potential transactions' months before Cameco hostile bid Takeover bid documents shed new light on the dance between Hathor and its would-be owners Rio Tinto and Cameco, showing the former long had eyes for the Canadian uranium junior.    Thursday , 27 Oct 2011 Colombia heats up as Beaty's Lumina Capital buys into CB Gold The Colombia junior exploration story generated more buzz Thursday as Ross Beaty's Lumina Capital buys stake in CB Gold.    Thursday , 27 Oct 2011 DRDGold - Gold Miner or emerging technology company DRDGold is a very different company from the one it was in 2009 when Niel Pretorius took over as CEO but, the group's decision to focus on surface operations looks like it is paying off    Thursday , 27 Oct 2011 Avocet Mining sees Q3 output fall at Burkina Faso mine Avocet's third-quarter gold production at its flagship Inata mine in Burkina Faso fell to 33,256 oz from 39,423 oz in the previous quarter, weighed down mainly by lower grades and an equipment failure.    Friday , 28 Oct 2011 Tocqueville's Hathaway bullish on gold and gold stocks The end of 2011 is a golden opportunity to participate in an anticipated upside for mining equities, says John Hathaway, senior managing director of Tocqueville Asset Management. Gold Report interview    Thursday , 27 Oct 2011 The creditors always pay - sit on your gold as currencies become worthless However this current economic crisis is resolved, guess who'll be footing the bill as currencies decline in value and ultimately become worth nothing. Gold may be the answer.    Friday , 28 Oct 2011 Gold price to continue to rise through this year and next - but beware H2 2013 Research shows that over the next 12 - 15 months fundamentals, sentiment and an optimistic market for gold will continue to support gold prices, but the second half of 2013 remains a concern in this respect.    Friday , 28 Oct 2011 The speech SA's "economic freedom"marchers should have heard While Julius Malema's economic freedom marchers sweated and shuffled their way to Sandton, a gold miner was saying some important things    Friday , 28 Oct 2011 S. Africa's unemployed youths demand 60% of mines In the petition handed to South Africa's Chamber of Mines CEO Bheki Sibiya on Thursday, hundreds of unemployed youths led by the Youth League leader Julius Malema demanded the state take 60% control of the country's mines.    Thursday , 27 Oct 2011 Increase in copper, zinc production boosts Inmet Q3 profits The Canadian base metal miner said Q3 profits rose 10% to C$101.2m but, earnings per share fell on the back of a 24% rise in the number of outstanding shares in the company    Friday , 28 Oct 2011 Actlabs SGH geochem defines gold and silver drill targets for Aura Silver After finding anomalous high grade gold and silver surface samples, Aura Silver turned to Actlabs' SGH geochemistry analysis to define possible drill targets.    Friday , 28 Oct 2011 Norilsk envisages $35bn worth of investments to 2025 The company's board has approved a strategy that envisages investments to the tune of $35 billion between 2011 and 2025 to expand its resource base and raise output.    Friday , 28 Oct 2011 Brazil's CSN sees 49% rise in Q3 profit Sao Paulo-based CSN earned $630 million in the third quarter, an increase of 49% from a year earlier, as a surge in iron ore sales and declining expenses offset a drop in sales of steel products.    Friday , 28 Oct 2011 Australia's mining tax to lift pensions by $535bn - Swan The 30% mining tax that the Australian government plans to impose on large iron ore and coal mines as from July 1, 2012, is expected to raise pension savings by $535 billion in 2035, Treasurer Wayne Swan reported on Friday.    Friday , 28 Oct 2011 Alcoa signs MoU with Angola to explore 750,000 mt/y aluminium smelter The company has signed a MoU with Angola's government to study the development of a 750,000 mt/y aluminium smelter, as well as a 12-month exclusivity period to negotiate a power contract and cooperation agreement.    Thursday , 27 Oct 2011 AngloGold starts paying 30% corporate tax in Tanzania African gold major, AngloGold Ashanti has started paying 30% corporate tax to the Tanzanian government this year, the first time it has had to pay since it began commercial gold production in August 2000.    Thursday , 27 Oct 2011 Your gold investment portfolio - gold shares or gold funds? Julian Phillips comes down strongly on the side of managing your own gold stock portfolio rather than relying on a fund manager to do it for you.    Thursday , 27 Oct 2011 Vale in talks with clients regarding its iron ore pricing model Brazilian iron ore miner Vale says it is in talks with most of its clients to change the pricing structure for its iron ore shipments.    Thursday , 27 Oct 2011 Yesterday's Top Story: Hands off Germany's gold - Bild Gold still represents the ultimate form of payment. Why throw it away before the Euro collapses...? Germany's best read tabloid newspaper warns against Germany sacrificing its gold in Eurozone bailout.    Thursday , 27 Oct 2011 PODCASTS / RADIO                                                      Gold Bullion, confidence and the European crisis - Julian Phillips Goldforecaster founder, Julian Phillips looks at the likely implications of the ongoing European crisis on the gold market and the longer term outlook for the yellow metal Petmin's plans through the cycle - Ian Cockerill Petmin's, executive chairman, Ian Cockerill looks at the reasons behind the diversified mining group's recent acquisitions given the macro-economic environment facing miners The state of South African mining - Adrian Macartney Ernst & Young's Africa transactions head, Adrian Macartney, looks at some of the major challenges facing the South African mining sector.	Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website. Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com Follow mining news updates on Twitter http://twitter.com/Mineweb Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.   CONFERENCES Gold & Silver Investment Summit 2011 Date: 07 November 2011 - 07 November 2011 Venue: Royal Garden Hotel, Kensington, London, UK Annual conference that aims to link junior exploration & emerging gold and silver producing companies plus expert keynote speakers & analysts with financial institutions, brokerage firms, corporate finance & investment houses involved in the precious metals, resource & commodity markets Read More The Gold Symposium 2011 Date: 14 November 2011 - 15 November 2011 Venue: Luna Park, Crystal Palace, Sydney, Australia The 2-day event will feature presentations by world‑renowned precious metals and monetary experts and gold mining company CEOs. Read More 2011 NWMA Mining Conference and Exhibition Date: 27 November 2011 - 02 December 2011 Venue: John Ascuaga's Nugget Hotel, Reno, USA Important regional conference and exhibition being held in Reno this year. Mineweb's Dorothy Kosich will be attending. Read More San Francisco Hard Assets Investment Conference Date: 27 November 2011 - 28 November 2011 Venue: San Francisco Marriott, USA The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More FEATURED COMPANY View more featured mining companies 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
Manage your subscription | Subscriber help    If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the    subject line, and we will address the problem.    You have voluntarily joined this mailing list. To unsubscribe, please click here    © Mineweb 2010 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

MINEWEB.COM'S TOP STORIES: U.S. Interior Secretary expected to back 20-year mining ban near Grand Canyon

TOP STORIES | Thursday , 27 Oct 2011                                                      U.S. Interior Secretary expected to back 20-year mining ban near Grand Canyon The U.S. Bureau of Land Management has recommended the withdrawal from mineral development of more than 1 million acres for 20 years near the Grand Canyon National Park.    Thursday , 27 Oct 2011 Sustained high gold prices mean record adjusted 3Q net earnings for Goldcorp Goldcorp remains on track to achieve its previously stated guidance of between 2.5 million to 2.55 million ounces of gold this year.    Thursday , 27 Oct 2011 Vale's Q3 profit tumbles on currency The miner's profit fell 18% to $4.94 billion in the third quarter, missing analysts' estimates as a tumble in Brazil's real against the US dollar produced a non-cash accounting effect on earnings before taxes.    Thursday , 27 Oct 2011 Goldex $161m write-down costly for Agnico-Eagle 3Q financials In spite of record gold production for the first nine months of this year, Agnico-Eagle sustained a substantial loss of US$82.6 million during the 3Q11 due to subsidence issues at Goldex.    Thursday , 27 Oct 2011 Argentina tells oil, mining firms to repatriate 100% of export revenues Argentina's government has told all of its oil, gas and mining companies to repatriate all of their export revenues, requiring them to trade dollars in the local exchange market in a bid to boost the central bank's reserves.    Wednesday , 26 Oct 2011 Former Red Back A-Team getting into iodine but bigger plans are afoot Simon Jackson, the new president of Atacama Minerals, speaks to Mineweb about what's on the horizon for an iodine mining company in Chile after a vigorous management shake-up Monday. Are they really getting away from gold?    Thursday , 27 Oct 2011 Claude Resources sweetens bid for St. Eugene Mining Getting board support this time round, Claude Resources will consolidate a nearly 1 million ounce gold-equivalent deposit.    Wednesday , 26 Oct 2011 A return to gold and silver as Eurozone deal looks to be so much hot air - again Gold and silver have received a serious price boost as the Eurozone leaders still seem to be finding it impossible to agree on moves to try and prevent what could develop into a global economic meltdown.    Wednesday , 26 Oct 2011 Hands off Germany's gold - Bild Gold still represents the ultimate form of payment. Why throw it away before the Euro collapses...? Germany's best read tabloid newspaper warns against Germany sacrificing its gold in Eurozone bailout.    Thursday , 27 Oct 2011 Australia finalises details of mining tax Australian Treasurer Wayne Swan said Thursday the details of its proposed 30% revenue tax on mining companies have been finalised and aims to introduce legislation into parliament as soon as possible.    Thursday , 27 Oct 2011 Gold resurrection - to resume long upward march Gold seems set for revival and recovery regardless of last night's basic accord on Eurozone debt and support. Asian demand remains extremely strong and the odds would seem to favor the upwards path again.    Thursday , 27 Oct 2011 Teck ups dividend 33% The miner has authorized a 33% increase in its semi-annual dividend payout, payable to its shareholders on Jan. 3, 2012.    Thursday , 27 Oct 2011 Barrick Gold ups quarterly dividend by 25% The gold miner has authorized a 25% increase in its quarterly dividend, payable on Dec. 15.    Thursday , 27 Oct 2011 Compass Minerals posts impressive Q3 results NYSE-listed Compass Minerals International Inc posted better-than-expected quarterly results, which saw revenue jump by almost a third to $229.1 million, beating previous expectations.    Thursday , 27 Oct 2011 Gold to remain supported by economic conditions - Newcrest The company says it expects the current turmoil within the world's major economies to continue to support a strong gold price environment over the short and medium term.    Thursday , 27 Oct 2011 Kalahari expects China's CNGPC to bid for Extract Kalahari's chairman Mark Hohnen thinks its Chinese suitor CNGPC will eventually make a takeover offer for Extract Resources, of which Kalahari owns 43%.    Thursday , 27 Oct 2011 Norsk Hydro posts lower-than-expected Q3 earnings The Norwegian firm that achieved lower-than-expected earnings in the third quarter on weakened demand, expects the declining trend in aluminium prices to continue in the coming months because of volatile market conditions.    Thursday , 27 Oct 2011 India/China lead race for Afghan mine, oil contracts According to Afghanistan's mines minister Wahidullah Sharani Indian and Chinese bidders are leading the race to secure contracts for the country's Hajigak iron ore project and Amu Darya oil/gas field respectively.    Wednesday , 26 Oct 2011 Xstrata/Amplats SA mine shaft reopened after fatality Xstrata reports that the shaft at its Mototolo platinum mine in South Africa, run as a JV with Amplats, is back to full production after it was temporarily shut last week due to a fatality.    Wednesday , 26 Oct 2011 Force majeure declared at Freeport's Grasberg copper, gold mine Month-long strike action, road blockades and possible pipeline sabotage at the Indonesian mine has meant the miner has declared force majeure on concentrate sales agreements    Wednesday , 26 Oct 2011 Yesterday's Top Story: Demand for lithium expanding as battery manufacturers make major investments Lithium continues to be in high demand as battery application growth outpaces the economy. The Energy Report interviews Jonathan Lee of Byron Capital to explain the factors shaping the evolution of this growing market.    Wednesday , 26 Oct 2011 PODCASTS / RADIO                                                      Gold Bullion, confidence and the European crisis - Julian Phillips Goldforecaster founder, Julian Phillips looks at the likely implications of the ongoing European crisis on the gold market and the longer term outlook for the yellow metal Petmin's plans through the cycle - Ian Cockerill Petmin's, executive chairman, Ian Cockerill looks at the reasons behind the diversified mining group's recent acquisitions given the macro-economic environment facing miners The state of South African mining - Adrian Macartney Ernst & Young's Africa transactions head, Adrian Macartney, looks at some of the major challenges facing the South African mining sector.	Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website. Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com Follow mining news updates on Twitter http://twitter.com/Mineweb Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.   CONFERENCES Gold & Silver Investment Summit 2011 Date: 07 November 2011 - 07 November 2011 Venue: Royal Garden Hotel, Kensington, London, UK Annual conference that aims to link junior exploration & emerging gold and silver producing companies plus expert keynote speakers & analysts with financial institutions, brokerage firms, corporate finance & investment houses involved in the precious metals, resource & commodity markets Read More The Gold Symposium 2011 Date: 14 November 2011 - 15 November 2011 Venue: Luna Park, Crystal Palace, Sydney, Australia The 2-day event will feature presentations by world‑renowned precious metals and monetary experts and gold mining company CEOs. Read More 2011 NWMA Mining Conference and Exhibition Date: 27 November 2011 - 02 December 2011 Venue: John Ascuaga's Nugget Hotel, Reno, USA Important regional conference and exhibition being held in Reno this year. Mineweb's Dorothy Kosich will be attending. Read More San Francisco Hard Assets Investment Conference Date: 27 November 2011 - 28 November 2011 Venue: San Francisco Marriott, USA The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More FEATURED COMPANY View more featured mining companies 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
Manage your subscription | Subscriber help    If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the    subject line, and we will address the problem.    You have voluntarily joined this mailing list. To unsubscribe, please click here    © Mineweb 2010 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise