Friday, October 28, 2011

MINEWEB.COM'S TOP STORIES: Barrick reports record 3Q profits, gold & copper production decline

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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.

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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

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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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