Wednesday, October 26, 2011

MINEWEB.COM'S TOP STORIES: Activists demand end to Nevada mining's "extravagant and shameful privileges"

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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
 

TOP STORIES | Wednesday , 26 Oct 2011                                                     

Activists demand end to Nevada mining's "extravagant and shameful privileges"

A predicted "bloody battle" over state legislation, which would write the mining industry out of the Nevada State Constitution, is already marshaling the troops on both sides of the issue.    Wednesday , 26 Oct 2011

Energy Fuels, Titan Uranium announce friendly takeover bid

If a planned merger with Titanium Uranium is achieved, Energy Fuels will have three uranium mines and one uranium and vanadium mill operating within the Uravan Mineral Belt.    Wednesday , 26 Oct 2011

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

Randgold looks for more gold in Cote d'Ivoire as Tongon officially opened

Randgold Resources' newest mining operation, Tongon in the Cote d'Ivoire, has been officially opened by the country's new President and is expected to produce some 270,000 ounces of gold this year.    Tuesday , 25 Oct 2011

CAPEX up but OPEX down as Karnalyte outlines C$2 billion potash project

Despite construction cost increases, analysts paint Karnalyte's Wynyard potash project in fair light following results from a feasibility study; financing in the $600 million range must come next.    Tuesday , 25 Oct 2011

UPDATE: ArcelorMittal pulls out of $5 billion Macarthur Coal takeover

Steel giant, ArcelorMittal, has unexpectedly pulled out of its joint $5 billion bid with Peabody Energy for Macarthur Coal, a day after the two companies said they had secured a majority of shares.    Tuesday , 25 Oct 2011

Indians rush to buy more gold during festive period

Despite a huge jump in gold prices , Indians thronged gold markets all across the country on Monday, with serpentine queues outside retail outlets way past midnight, buying up gold coins rather than gold jewellery.    Tuesday , 25 Oct 2011

Iberian hits new polymetallic zone west of Agua Tenidas mine in Spain

At first, due to a typo, it looked like Iberian had hit high-grade gold. But with a quick correction, gold turned to silver.    Wednesday , 26 Oct 2011

Gold to continue upward bias and appreciate over time - Jeff Wright

The market is in for a bumpy ride, but in this interview with The Gold Report, Jeff Wright foresees upward trends for gold and market volatility makes some gold and silver stocks attractive at current prices.    Tuesday , 25 Oct 2011

China steel mill destocking hurting iron ore prices - Fortescue

Fortescue's CEO, Nev Power, told a media conference on Wednesday that iron ore prices will continue to plummet as long as Chinese steel mills continue destocking inventories.    Wednesday , 26 Oct 2011

Iron ore price at its steepest, China demand slows

China's demand for iron ore has weakened on the back of slowing steel demand from the construction sector, which has pushed down prices for the raw material nearly 30% since early September.    Wednesday , 26 Oct 2011

Japan's JFE reports 52% profit loss

The steelmaker's profit plunged 52% between April and September on the back of the strong yen and weak prices in Asia, which hurt export margins, and cut its full-year outlook by 23%.    Wednesday , 26 Oct 2011

Vale Q3 profit expected to rise 7.5%

According to the median estimate of nine analysts in a Reuters poll, Brazilian miner Vale probably earned $6.49 billion in the third quarter, a 7.5% increase from a year earlier. The company is expected to release its results on Wednesday.    Tuesday , 25 Oct 2011

Newmont Peru mine faces 2nd anti-mining protests in two weeks

The residents in the area of Newmont's Minas Conga gold mine in Peru are demanding the end to construction of the mine, the second such protest after locals blocked access to the company's Yanacocha mine a week ago.    Wednesday , 26 Oct 2011

Alcoa asks US court to dismiss Alba lawsuit

Alcoa has asked a U.S. court to dismiss a case related to its shipments to Aluminium Bahrain in which the latter contends that the miner conspired with businessman Victor Dahdaleh to overcharge it for alumina.    Wednesday , 26 Oct 2011

Tavan Tolgoi agreement needed within 3 months if IPO is to succeed - Mongolia MP

A member of Mongolia's Grand Khural parliament says if an agreement on the coal deposit is not signed within three months, the international IPO would have to be put on hold until after Mongolia's June elections.    Wednesday , 26 Oct 2011

Fortescue secures $1.5bn for expansion

The company said Wednesday it has raised $1.5 billion worth of senior unsecured notes which will pay 8.25% per annum, to help fund its infrastructure expansion.    Wednesday , 26 Oct 2011

US Federal court revives Rio Tinto human rights law suit

A divided 9th U.S. Circuit Court of Appeals reversed a lower court's dismissal of claims of genocide and war crimes against the miner in relation to a Papua New Guinea copper and gold mine it once ran.    Wednesday , 26 Oct 2011

Vale sees first potassium from Argentina in 2014

The local government in Argentina's Mendoza province has approved Vale's plans to build the Rio Colorado potassium project, which was suspended briefly earlier in the year, and will deliver early shipments in 2014.    Wednesday , 26 Oct 2011

Gold investors still preferring to wait on the sidelines

Given the current economic climate, investors are holding out for the quarterly numbers to come out before pinning their colours to the equity rerating mast.    Tuesday , 25 Oct 2011

NUM/Xstrata to end dispute in 7 days

Diversified miner Xstrata has reportedly reached an agreement with NUM, the labour union representing 43% of its total South African workforce, to resolve the ongoing wage dispute within a week.    Tuesday , 25 Oct 2011

Eurasian Devt Bank agrees $100 mln to fund Kazakh gold project

State-run Eurasian Development Bank has approved a $100 million loan to Kazakh gold miner Altynalmas to help the company realise a $150 million investment project planned in the southern Zhambyl region.    Tuesday , 25 Oct 2011

Buckreef deal gets Jim Sinclair his Tanzanian gold mine at last

Jim Sinclair's Tanzanian Royalty Exploration has signed a deal to develop the Buckreef gold mine at a cost of $280 million in conjunction with Tanzania's state owned mining company, STAMICO.    Tuesday , 25 Oct 2011

Ghana should increase mining tax to gain revenues - IMF

The International Monetary Fund says Ghana stands more to gain should it choose to explore ways of taxing its mining sector to generate revenues.    Tuesday , 25 Oct 2011

Russia's Polyus Gold delays FTSE 100 listing

The company, controlled by billionaires Mikhail Prokhorov and Suleiman Kerimov, has decided to put its plans to secure a possible entry to the FTSE 100 on hold after failing to gain the support of the Russian government.    Tuesday , 25 Oct 2011

Gartman contemplating gold buy back

In his latest newsletter the much-followed independent investor, said that he is prepared to buy back the gold he sold last week because the yellow metal has returned to those levels and would likely move higher    Tuesday , 25 Oct 2011

Yesterday's Top Story: BlackRock sees opportunities in "oversold" mining equities

The asset manager sees big opportunities in oversold mining equities, as "valuations are at very low levels" and predicts the recent fall in iron ore prices could lead to drop in supply and, later, to a rebound in prices.    Tuesday , 25 Oct 2011

PODCASTS / RADIO                                                     

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.

Gold's bull market to continue but, more exploration is needed - Lassonde

Franco Nevada Chairman, Pierre Lassonde, looks at the macro economic reasons why gold is still likely to go higher, the financialisation of the market and the state of exploration

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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
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The 2-day event will feature presentations by world‑renowned precious metals and monetary experts and gold mining company CEOs. Read More
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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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