Wednesday, October 19, 2011

MINEWEB.COM'S TOP STORIES: Massive Pebble gold/copper project on the ropes?

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TOP STORIES | Wednesday , 19 Oct 2011                                                     

Massive Pebble gold/copper project on the ropes?

280 voters in Alaska's Lake & Peninsula Borough have enacted a measure that, if upheld by the courts, could ultimately stop the development of Alaska's controversial Pebble Project, but it may not be all over yet.    Wednesday , 19 Oct 2011

Buyouts crystallizing value in the resource sector - Holmes

Examples of recent takeovers in the resource sector space which have served to crystallize the value in those companies which are being absorbed by bigger ones.    Wednesday , 19 Oct 2011

UN Security Council considers Eritrea mining export and foreign investment bans

Proposed UN sanctions based on accusations that Eritrea is funding and arming terrorist groups in neighboring Somalia could prove costly for the country's promising gold mining sector.    Wednesday , 19 Oct 2011

LME copper down 0.9%; Spain downgrade weighs

London copper fell 0.9% on Wednesday's early trade session and Moody's downgrade of Spain's sovereign ratings by two notches on Tuesday has not helped matters as this rattled commodity markets even further.    Wednesday , 19 Oct 2011

Antimony market growth driven by auto demand, rare earths a longer investment thesis

Jeff Wright outlines the structure of the antimony market, a metal with an interesting past and a bright future and offers advice on the volatile rare earth element sector. Critical Metals Report interview.    Wednesday , 19 Oct 2011

BHP Billiton sees 24% jump in iron ore output

The miner's quarterly iron ore production jumped 24%, putting it on a record annual run rate of 173 million tonnes and mirroring ramp-ups from bigger rivals Rio Tinto and Vale.    Wednesday , 19 Oct 2011

UAE to invest $9.5 bln in Indonesia aluminium smelters

The UAE's Emirates Aluminium and Ras Al Khaima Investment Authority will invest $4 billion and $5.5 billion respectively in aluminium smelters in Indonesia's Kalimantan region.    Wednesday , 19 Oct 2011

Threat to close giant Grasberg copper/gold mine as force majeure looms

In what seems to be sabre rattling, Freeport has reportedly threatened to shut down its giant Indonesian copper/gold operation, one of the world's largest mines of any kind, while the imposition of force majeure on shipments looks nearer.    Wednesday , 19 Oct 2011

Uranium bid: Hathor keeps mum as Cameco's Gitzel gets personal

Tim Gitzel, president and CEO of uranium giant Cameco, pens a letter directly to uranium explorer Hathor Exploration's shareholders arguing they should accept Cameco's C$3.75 hostile takeover bid.    Tuesday , 18 Oct 2011

India's gold demand to rise in festive quarter

India's demand for gold is expected to peak in the October-December quarter, a time for festivals and weddings, despite the high inflation that has hovered around double digits for over a year.    Tuesday , 18 Oct 2011

Japan mulls the closure of its nuclear power stations

Japan is studying the closure of all its nuclear power stations as one option for the country's future energy policy, following the earthquake and tsunami that hit the Fukushima power plant in March.    Tuesday , 18 Oct 2011

Miner dies, two critical in Albania chrome mine blast

A miner lost his life and two out of seven injured are in a critical condition following an explosion of a pocket of hydrogen at the Bulqiza chrome mine in Albania.    Tuesday , 18 Oct 2011

Panoramic, BHP seal nickel concentrate tolling agreement

Nickel miner Panoramic Resources has signed a new deal with BHP Billiton, which will see its tonnage of nickel shipments to BHP increase in 2012, under a tolling arrangement.    Wednesday , 19 Oct 2011

Prudent investors will turn to gold and silver as the only true safe haven - Levenstein

In a spectacular display of solidarity, members of the G-20 vow to solve the problems of the Eurozone in a few more days, but will this be achieved and what will happen to gold?    Tuesday , 18 Oct 2011

Xstrata posts record Q3 coal output, copper down

The miner posted record thermal coal production in the third quarter and an increase of more than 7% in overall coal output, but copper output was down 4% on the same period a year ago.    Tuesday , 18 Oct 2011

Base metals preferred to gold if recession proves illusory

Steve Palmer explains why he is looking closely at hardworking base metals that could take off with increasing global demand and a market rally he is forecasting through the end of the year.    Tuesday , 18 Oct 2011

Gold One increases quarter on quarter gold output by 23%

Gold One may at last be getting to grips with past underperformance with September quarter output up 23% on the June quarter figure and now reckons to be on target for full year output of 120,000 oz.    Tuesday , 18 Oct 2011

Mintec's Minesight kriging program capabilities now far faster

Mintec's latest release of its Minesight software offers kriging capabilities a number of times faster than earlier versions depending on number of CPUs in the hardware.    Tuesday , 18 Oct 2011

Yesterday's top story: Gold explorers and developers your best bets in a rebound - Holmes

As investors in them will know gold equities have substantially underperformed bullion, which itself has dropped sharply recently - but which will perform best in a rebound?    Tuesday , 18 Oct 2011

PODCASTS / RADIO                                                     

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

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.

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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

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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