Thursday, October 6, 2011

MINEWEB.COM'S TOP STORIES: Molycorp aims to reassure manufacturers of adequate HREE supplies

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TOP STORIES | Thursday , 06 Oct 2011                                                     

Molycorp aims to reassure manufacturers of adequate HREE supplies

Molycorp's announcement of a major heavy rare earths deposit near its Mountain Pass operation may seem premature given the lack of available public information, but it is a calculated strategy.    Thursday , 06 Oct 2011

Kirkland Lake Gold holds steady on 2012 guidance, eyes 200,000 ounces gold in 2013

After a bumpy year for production, Kirkland Lake Gold has set its sights on ramping up gold output to between 110,000 and 130,000 ounces next year - then some more.    Thursday , 06 Oct 2011

Gold stock re-rating in the hands of management - BlackRock

According to BlackRock's, Evy Hambro, while the de-rating seen in gold stocks over the last year or so is likely drawing to a close, a catalyst is needed before they rise again, much of which needs to come from management    Wednesday , 05 Oct 2011

U.S. manganese supply a strategic necessity - Zhang

North America needs to develop a domestic Electrolytic Manganese Metal (EMM) supply, says J. Peter Zhang and he explains the far-reaching implications EMM and REE supply have for the global economy. Critical Metals Report interview.    Wednesday , 05 Oct 2011

Carpathian clinches $97m loan to build 100,000-ounce-gold mine in Brazil

Carpathian Gold looks to be well on its way to gold production at its Riacho dos Machados gold project in Brazil, with permitting and financing now in the bag.    Wednesday , 05 Oct 2011

Cameco to cut Cigar Lake operating costs; signs MoU with JV partners

Uranium producer Cameco Corp has signed a non-binding MoU with its JV partners at the Cigar Lake operation to mill all of its ore at the McClean Lake mill in a bid to cut operating costs.    Thursday , 06 Oct 2011

Pan Pacific keeps 2012 copper premiums unchanged

A company source said Thursday the company has left the 2012 copper premiums for its Asian customers unchanged from this year, with real demand in China solid.    Thursday , 06 Oct 2011

Venezuelan gold repatriation to start in month-and-a-half - central bank

Venezuela's central bank says almost all of its $11 billion in gold reserves held abroad will start making its way to the country in mid-November; analysts say it will be a slow and expensive process.    Thursday , 06 Oct 2011

Philippines' Benguet seals key nickel supply deal

The company will sell some 2 million tonnes of nickel ore to a subsidiary of Hong Kong-based Dunfeng Holdings, the second such transaction with the Chinese firm in over a month.    Thursday , 06 Oct 2011

Copper prices unlikely to reach lows hit in 2008 - First Quantum

The miner says it does expect copper prices, down almost 27% since early September, to reach lows encountered in 2008; it says constrained supply and healthier companies should underpin the price.    Thursday , 06 Oct 2011

North American Palladium to expand its Lac des Iles palladium mine

Following the completion of the first phase of its Lac des Iles palladium mine in Ontario, North American Palladium is contemplating further expansion.    Wednesday , 05 Oct 2011

Freeport confident DRC contract will be upheld, regardless of the election outcome

Freeport CEO, Richard Adkerson, said on Wednesday he believes the company's Tenke Fungurume deposit contract in the DRC will be preserved regardless of who is elected in the upcoming election.    Wednesday , 05 Oct 2011

Zambia's president-elect temporarily suspends metal exports permits

Newly elected president Michael Sata is said to be concerned about copper exporters misreporting the amount of ore leaving the country, and has temporarily suspended all metal export permits.    Wednesday , 05 Oct 2011

Leading copper miner Codelco offers lower 2012 premiums to Europe

Industry sources say Chilean copper producer Codelco is offering lower copper premiums for 2012 of $90/t, to its European buyers down from $98/t this year.    Wednesday , 05 Oct 2011

Yesterday's Top Story: Silver Eagle bullion coins sales headed for another record-setting year

With the U.S. Mint recording its second best sales month ever for Silver Eagles in September, expectations are high that trade in American Silver Eagle bullion coins may shatter records again this year.    Wednesday , 05 Oct 2011

PODCASTS / RADIO                                                     

Gold stock de-rating close to running its course - Blackrock

Evy Hambro, manager of the Blackrock Gold and General Fund, says that gold bullion prices remain well supported and is expecting fantastic earnings from gold stocks this year

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.

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

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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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