| | | | | | | | TOP STORIES | Thursday , 20 Oct 2011 | | Freeport-McMoRan managers, national staff, contractors and some union workers are operating the company's flagship Grasberg copper-gold mine in Indonesia and production there and at Cerro Verde in Peru, both the scenes of bitter strikes, is continuing - but at a reduced rate. Thursday , 20 Oct 2011 | | Agnico-Eagle Mines shares plunged 18% to C$47.35 at the close of Wednesday's trading day, the biggest decline since Oct. 2. 2008 as it shuts the Goldex mine due to technical problems. The stock has dropped 38% in value this year. Thursday , 20 Oct 2011 | | Marshall Auerback of Pinetree Capital believes investors get maximum valuation during periods of turbulence and fear and explains why the economy is in better shape than it seems. Gold Report interview. Thursday , 20 Oct 2011 | | Mining giant Rio Tinto has made a C$578 million bid for Hathor Exploration, targeting primarily the latter's Roughrider uranium find. The friendly bid has been approved by the latter's Board and recommended to Hathor shareholders. Wednesday , 19 Oct 2011 | | Chilean state miner has approved plans to spend some $875 million for initial works to transform the Chuquicamata open-pit copper mine into an underground operation by 2019. Thursday , 20 Oct 2011 | | Newcrest's gold production in the quarter ended September fell 16% to 587,296 oz, heavily affected by maintenance shutdowns and heavy rain at its flagship Lihir mine in Papua New Guinea. Thursday , 20 Oct 2011 | | The Peabody/ArcelorMittal consortium bidding to takeover Australia's Macarthur Coal has extended its $5.1 billion offer for the third time as it works to convince major shareholders to support the bid. Thursday , 20 Oct 2011 | | Taseko Mines' altered bid to build its $1 billion Prosperity gold-copper mine on aboriginal lands in British Columbia has been rejected by the locals on grounds that it would do too much environmental damage. Thursday , 20 Oct 2011 | | Endeavour silver has taken an option on a second silver project in northen Chile and is optimistic on the silver potential of this area of the country. Wednesday , 19 Oct 2011 | | East Africa's second-largest economy Tanzania plans to raise royalty payments on gold exports by year end as it continues to restructure its mining sector. Wednesday , 19 Oct 2011 | | South Africa's Gold Fields reported a 3% increase in its third quarter output despite the interruption in production in July which occurred during the five day national industrial action over the wage negotiation process. Wednesday , 19 Oct 2011 | | The gold miner officially launched its initial public offering in Singapore on Wednesday and will place 41.1 million shares, of which 17.2 million are vendor shares, at S$0.40 each to raise $12.9 million. Wednesday , 19 Oct 2011 | | Fear and greed are somewhat working together to keep the gold price in balance at the moment both as a safe haven and a way to free up cash for those with liquidity problems Wednesday , 19 Oct 2011 | | Investor sentiment has moved in favour of equities and bonds over gold and silver today, but the situation could change if the markets disappointed by Eurozone Minister meeting this weekend. Wednesday , 19 Oct 2011 | | The reborn OZ Minerals today reported not only another strong quarter of copper-gold production from its Prominent Hill mine in South Australia but also an early start on the big Carrapateena copper-gold project in the same region. Wednesday , 19 Oct 2011 | | Glencore is keen to bring in chrome ore and convert it into ferrochrome at Cronimet's facilities in Andhra Pradesh, signalling the drive by foreign players to set up camp in India where demand for steel and stainless steel is soaring. Wednesday , 19 Oct 2011 | | The gold market is suffering "very real damage," warns economist Dennis Gartman, who fears that the rally from September's lows is "now under assault." Wednesday , 19 Oct 2011 | | Hong Kong's average daily gold transactions at 10 million ounces are set to get a boost with the introduction of the Renminbi Kilobar Gold, with transactions expected to cross 100 million yuan per day surging to 300 million yuan over the next six months, say bankers. Wednesday , 19 Oct 2011 | | A mixed forecast for gold from the technical research arm of Citigroup reckons gold could fall below $1,500 an ounce short term before recovering to much higher levels. Wednesday , 19 Oct 2011 | | 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 | | Ernst & Young's Africa transactions head, Adrian Macartney, looks at some of the major challenges facing the South African mining sector. | | 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 | | 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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| | | | | | | | | | | | | | | | | FEATURED
COMPANY | ENGINE ROOM 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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