Tuesday, October 4, 2011

MINEWEB.COM'S TOP STORIES: Ivanhoe, Rio Tinto officially refuse to revisit Oyu Tolgoi agreement

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FEATURED PODCAST                                                     

More QE needed as western worries hit base metals -Edison

Edison Investment Research's Charles Gibson looks at some of the reasons behind the recent falls in base metals and argues the case for further quantitative easing.
 

TOP STORIES | Tuesday , 04 Oct 2011                                                     

Ivanhoe, Rio Tinto officially refuse to revisit Oyu Tolgoi agreement

Ivanhoe Mines and Rio Tinto informed the Mongolian government they are not about to renegotiate the country's slice of the Oyu Tolgoi JV pie.    Tuesday , 04 Oct 2011

Silver price to average $36.11/oz this year, $39/oz in 2012-TD Securities

Silver disappointed yet again this summer, experiencing one of the sharpest declines in the commodity space. Meanwhile silver surpluses are building, which bodes ill for the white metal.    Tuesday , 04 Oct 2011

Astur Gold takes second stab at permitting controversial mine in northwestern Spain

Though opposition has snuffed out the Salave gold project before, this time round the winds of change blow more strongly in its favour.    Monday , 03 Oct 2011

Savers turn to gold while between a rock and a hard place

Policy-makers have little choice left but make gold only more attractive for investors looking to preserve their cash as global economists try to deal with today's mountain of debt.    Tuesday , 04 Oct 2011

ATAC fills in the gaps at Conrad with more gold hits

ATAC Resources, ever busy drilling numerous targets in the Yukon, hit some strong gold-mineralized intercepts at its Conrad zone.    Monday , 03 Oct 2011

Well-timed price slump has Indian gold traders expecting a bumper festival season

Good monsoons and price weakness ahead of the 9-night Navratri festival, which kicks off the Indian festival and wedding season has traders rather excited    Monday , 03 Oct 2011

CME raises platinum, copper margins to fight volatility

The futures exchanges operator said it had raised trading margins on copper and platinum futures by 15% and 29% respectively in a bid to tame volatility in the products that have seen prices fall sharply    Tuesday , 04 Oct 2011

Molycorp to unveil new rare-earth deposit - NY Times

Molycorp's CEO Mark Smith told the NY Times in a telephone interview that the company will unveil its new rare-earth deposit discovery at a conference in Washington on Tuesday.    Tuesday , 04 Oct 2011

Australia's Sundance recommends revised Hanlong takeover bid

Sundance has recommended a newly revised bid from Hanlong Mining, which ups the all cash offer by 14% and gives the Chinese firm the majority stake in the Mbalam iron ore project in West Africa.    Tuesday , 04 Oct 2011

Randgold says Kibali JV will be fully operational by 2014

According to Mark Bristow, Randgold CEO, work at the JV between it and Anglogold Ashanti in the north-eastern Congo is progressing well and the first village in its relocation plan had been successfully moved.    Tuesday , 04 Oct 2011

Alcoa shares fall over 6% to 52-week low on downgrade

The aluminum miner's shares fell to a 52-week low on Monday after the Deutsche Bank cut its' investment rating to "hold" from "buy" amid concerns of metal price declines.    Tuesday , 04 Oct 2011

France's Rhodia sceptical of EU rare earth stockpiling idea

The company does not consider the EU's idea of stockpiling rare earths as an answer to Chinese export curbs, rather it believes the solution lies in diversified supply through mining and recycling projects.    Tuesday , 04 Oct 2011

CME plans to more than double max gold collateral level

According to a statement, the CME Group said it will, as of Monday, raise the amount of physical gold it can accept from its clearing members as collateral from $200m to $500m    Tuesday , 04 Oct 2011

Nickel Asia says other mines to cover Taganito shipments

The company, with four mines in the Philippines, says it can divert output at two of its mines to cover for lost nickel ore shipments from the closed Taganito mine.    Tuesday , 04 Oct 2011

Current nickel prices could cut output by as much as 30,000t - Norilsk

Norilsk Nickel's head of marketing, Viktor Sprogis, says the current price level of between $18,000 and $18,500 per tonne is loss-making for a string of companies.    Monday , 03 Oct 2011

A sombre outlook for base metals

While many analysts make the case that while, demand for industrial metals is expected to be weak in the short-term, most have stronger long-term outlooks but, the counter argument is perhaps just as compelling    Monday , 03 Oct 2011

LME deal not likely until Q2 2012 - CEO

LME CEO Martin Abbott said on Monday any potential deal to sell the world's premier non-ferrous metals market is unlikely to be concluded before the end of the second half of 2012.    Monday , 03 Oct 2011

Yesterday's Top Story: Big hitters very sharply reduce COMEX silver shorts

The sharp drops in precious metals prices have seen a big reduction in commercial net short positions on COMEX for gold - and particularly for silver - showing where the smart money thinks precious metals prices are headed.    Monday , 03 Oct 2011

PODCASTS / RADIO                                                     

The end of year two for CBGA3 - Natalie Dempster WGC

In the second year of the third Central Bank Gold Agreement, central banks sold just 1.1 tonnes of gold, while emerging markets continue to buy the yellow metal

Gold's recent sell-off and what to look out for over the next few months - Christian

CPM Group MD, Jeff Christian, takes a look at some of the reasons behind gold's recent sell off and looks at some of the factors that could impact on the price going forward

Copper's sustainable price between $8,00 and $8,500 - Standard Bank

A strong sell off across the commodities complex has pushed copper prices down significantly but, Standard Bank's Walter de Wet says, fundamentals remain positive for the metal

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Lawrie Williams, London
Geoff Candy, Groningen

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Dorothy Kosich, Reno
Kip Keen, Halifax, NS

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