Friday, October 7, 2011

MINEWEB.COM'S TOP STORIES: Mongolian Govt. backs down, reaffirms Oyu Tolgoi investment agreement

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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
 

TOP STORIES | Friday , 07 Oct 2011                                                     

Mongolian Govt. backs down, reaffirms Oyu Tolgoi investment agreement

The Mongolian Government backed down after weeks of speculation that it would seek a bigger slice of the Oyu Tologi copper-gold project, reaffirming it would support the current agreement.    Friday , 07 Oct 2011

Why gold is not yet at $2,000 - the financial markets effect.

Only a couple of months ago the gold price seemed to be heading rapidly towards the $2,000 mark, yet is now only trading in the $1600s. Why?    Friday , 07 Oct 2011

Brigus outlines $160m gold mine in Saskatchewan

Strong economics support Brigus' case for a new mine as it moves closer to making a decision on whether to develop its Goldfields operation which would start-out producing 100,000 ounces gold a year.    Friday , 07 Oct 2011

Nevsun 'destroys' production estimate, cracks 100,000-ounce-gold mark in Q3

Nevsun pulled in its best quarter yet in terms of gold production and pushed cash reserves beyond $200 million .    Thursday , 06 Oct 2011

U.S. regulators, coal miners win partial victory to limit EPA water permitting authority

A federal judge ruled that the Obama Administration exceeded its authority when a moratorium was imposed on Clean Water Act permits in Appalachian coal mining country and regions.    Friday , 07 Oct 2011

Emmerson hits another high grade copper zone at Tennant Creek

The explorer said it has uncovered a second, high-grade copper deposit at the historic copper-gold mineral field in central Australia.    Thursday , 06 Oct 2011

Banro readies to pour first gold at DRC's Twangiza

Gold explorer Banro Corporation is gearing up to pour first gold at its Twangiza mine in the DRC, the first commercial gold mine in the country in 50 years a feat many doubters thought impossible.    Friday , 07 Oct 2011

Grasberg mine workers extend wage strike for another month

About 12,000 mine workers at Freeport McMoRan's massive Grasberg copper/gold mine in Indonesia have extended their wage-related strike for a second month.    Friday , 07 Oct 2011

U.S copper scrap market tightens on price declines

Industry analysts report that the U.S. scrap business has been falling almost in unison with the declining copper price in the last five to six weeks, but reckon trade could receive a jolt in the coming week and months ahead.    Friday , 07 Oct 2011

Nickel Asia ore sales soar 43% on high Chinese demand

Driven by strong growth in China's nickel pig iron industry, Nickel Asia's nickel ore sales grew 43% year-on-year, the company said Friday.    Friday , 07 Oct 2011

London Mining bets on Sierra Leone despite growing resource nationalism trend

UK iron ore developer, London Mining, is betting on successfully operating in Sierra Leone, despite growing global resource nationalism in the mining industry.    Friday , 07 Oct 2011

Marathon Gold shares up on new high-grade ore find

Shares in the Canadian miner jumped as much as 22% on Thursday after it announced it has encountered a new zone of high-grade ore at its Leprechaun gold deposit in central Newfoundland.    Friday , 07 Oct 2011

Analysts mostly unfazed by gold price volatility and raising 2012 forecasts

Far from lowering their 2012 gold price forecasts in the light of recent volatility, many mainstream analysts have actually been raising their predictions for the year ahead seeing unchanged fundamental support.    Thursday , 06 Oct 2011

DRC mining audit not to be seen as new review

Governor of the DRC's mineral-rich Katanga province, Moise Katumbi, says the proposed audit of the mining contracts held by state mining firm Gecamines with its JV partners should not be seen as a call for a review.    Thursday , 06 Oct 2011

Capstone Q3 copper output hurt by lower grade

Vancouver-based Capstone Mining experienced a 3% fall in the July-September quarter when compared to the previous period, due to lower grade recoveries at two of its mines in Mexico and Canada.    Thursday , 06 Oct 2011

Vietnam's central bank allows offshore gold trading restart

According to the state-run Vietnamese newspaper, Thanh Nien, the country's central bank has granted five banks and the Saigon Jewelry Co permission to reopen offshore gold trading in a bid to increase domestic supply.    Thursday , 06 Oct 2011

Yesterday's Top Story: 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

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

Champion Minerals Increases NI 43-101 Resources at the Fire Lake North Project to Over One Billion Tonnes

CHAMPION MINERALS INC. (TSX: CHM; FSE: P02) ("Champion", or the "Company") is pleased to provide results of the updated National Instrument ("NI") 43-101 Mineral Resource Estimate completed on the Fire Lake North Project in Fermont, Quebec. Table 1 presents the current NI 43-101 categorized Mineral Resource Estimate1 at a 15% Total Iron ("FeT") cut-off grade for each of the three coarser grained specular-hematite rich deposits and provides the category totals for the Fire Lake North Project as validated by P&E Mining Consultants Inc. of Brampton, Ontario ("P&E"). For full release, click here

 

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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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