Thursday, October 13, 2011

MINEWEB.COM'S TOP STORIES: Codelco secures $6.75bn Mitsui loan to up Anglo American copper mine stake

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TOP STORIES | Thursday , 13 Oct 2011                                                     

Codelco secures $6.75bn Mitsui loan to up Anglo American copper mine stake

Codelco has secured a $6.75 bn loan to enable it to take up ownership option in an Anglo American subsidiary, which operates one of the world's potentially biggest copper mining operations, Los Bronces in central Chile.    Thursday , 13 Oct 2011

OECD figures suggest dismal price outlook for copper

The latest OECD growth figures show the world is very much sliding into recession which is bad news for copper prices. Simon Hunt reckons China can't save the metal price this time around.    Thursday , 13 Oct 2011

Investing in gold, silver, copper, nickel and alternative energy for fun and profit - Ross Beaty

In this interview with The Gold Report legendary mining entrepreneur, Ross Beaty, explains his love of metals and alternative energy and what he is doing to position himself regardless of where the markets go.    Thursday , 13 Oct 2011

Fresnillo lowers 2011 silver guidance, ups gold production outlook

Implementation of a mine safety program has slowed production at Mexican silver miner Fresnillo's flagship mine, prompted a reduction in this year's silver production guidance, but gold output to rise.    Wednesday , 12 Oct 2011

Eldorado Gold's Q3 output soars, delays China mine

The miner produced 179,195 gold ounces in the third quarter but experienced setbacks at its Eastern Dragon project in northern China due to adverse winter conditions.    Thursday , 13 Oct 2011

Lake Shore stock climbs as gold output improves

Following a rocky second quarter junior Canadian gold miner Lake Shore squeezes out more gold in the third quarter and holds steady on its production guidance for the year.    Thursday , 13 Oct 2011

Rio Tinto outperforms peers, sees record iron ore sales

The diversified miner reported record iron ore sales and a 5% rise in output in the third quarter, CEO Tom Albanese said in the company's quarterly production report on Thursday.    Thursday , 13 Oct 2011

Mongolia's Tavan Tolgoi to deliver first coal on Dec. 1

Germany's BBM Operta Group, contracted to develop the eastern block of the massive Tavan Tolgoi coal deposit in Mongolia, is targeting first coal production on Dec 1.    Thursday , 13 Oct 2011

SilverCrest sees gold, silver rise at Mexico mine

The company's flagship Santa Elena mine in Mexico delivered gold production of 8,805 ounces and 106,636 silver ounces in the third quarter, a rise of 61% and 43% respectively.    Thursday , 13 Oct 2011

Torex eyes 5 million ounces of gold in Mexico as step-out drilling shows success

In a batch of recent drilling results Torex Gold shows there's still room to grow at its Morelos gold project in Mexico.    Wednesday , 12 Oct 2011

Ranger mine owner seeks $A500 million for next stage development

Energy Resources of Australia, which owns the Ranger uranium project is hoping to raise A$500m through a 12 for 7 renounceable entitlement at an issue price of A$1.53 per share    Wednesday , 12 Oct 2011

Gold's financial role likely to expand - Lassonde

Franco-Nevada Chairman, Pierre Lassonde says he remains very bullish on the prospects for gold over the next 10 years but does not rule out the potential for a significant correction within the bull market    Wednesday , 12 Oct 2011

Russia's anti-trust body probes Norilsk share buyback

Norilsk Nickel's share buyback bid has seemingly hit a snag as latest reports say Russia's Federal Anti-Monopoly Service has written to the company questioning aspects of its planned share buyback.    Thursday , 13 Oct 2011

Is platinum due for a price rerating?

The platinum price is currently well behind that of gold - a usually anomalous situation, so with the seeming stabilisation of the gold price could platinum now also be at a turning point?    Wednesday , 12 Oct 2011

Kyrgyz JV Miner to keep drilling despite mob attack - Gold Fields

Gold Fields chairman of the management board, David Grant, says despite the recent mob attack on its exploration camp in Kyrgyzstan, the planned drilling programme will go ahead as scheduled next month.    Wednesday , 12 Oct 2011

Areva's Olkiluoto 3 nuclear plant remains on track

The French company says, contrary to reports of delayed construction works at its Olkiluoto 3 nuclear power plant in Finland, it expects to load nuclear fuel at the facility by end 2012.    Wednesday , 12 Oct 2011

Gold rises on Slovak vote, weak dollar

Slovakia's stance not to expand the euro zone's rescue fund pushed save haven investors back toward gold, which rose 1% in Europe on Wednesday as the dollar fell against the euro to a three-week low.    Wednesday , 12 Oct 2011

Platinum, gold, diamonds et al - Mugabe's poor health gives miners hope?

Zimbabwe's autocratic President, Robert Mugabe, is rumoured to be in extremely poor health and the country's platinum, gold and diamond mining companies, among others, are hoping for change but that may not come easily.    Wednesday , 12 Oct 2011

Yesterday's top story: Politicians, Financial Regulators, Banking Officials and Gold.

The global financial system is in a bad state and it seems to be getting worse, says David Levenstein, so it is important to protect what wealth one does have.    Tuesday , 11 Oct 2011

PODCASTS / RADIO                                                     

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

Base metal outlook still good, even if Europe continues to deteriorate - Natixis

Natixis's Nic Brown believes that while there are a few similarities between the current situation and 2008, the differences mean that base metals are unlikely to fall as hard, even in a worst case scenario.

Banking crisis concerns and the implications for mine finance - Mark Tyler

Nedbank Capital's head of Resource finance, Mark Tyler, looks at the similarities and differences between the current climate and 2008 and what miners can do to secure funding

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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

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Jan Chadwick, International
Wendy Hora, Australasia

Production

Lindiwe Molekoa, Johannesburg

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Alec Hogg, Mooi River, SA

 

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