Wednesday, October 5, 2011

MINEWEB.COM'S TOP STORIES: Peru's 2011 gold production declining slightly despite 23% August jump

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Wednesday , 05 Oct 2011                                                     

Peru's 2011 gold production declining slightly despite 23% August jump

Peru's Mining Ministry reports molybdenum and iron ore production are up so far this year as most gold and silver, as well as base metals output have dropped.    Wednesday , 05 Oct 2011

Sabina gets C$50 million payday as Hackett River sale closes

Sabina Gold & Silver will be cash-flush to the tune of C$150 million following a deal it closed with Xstrata on the Hackett River project in Nunavut.    Tuesday , 04 Oct 2011

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

India's mining bill could knock $2bn off mining income

According to analysts, India's new mining bill is set to hit the profits and raise the costs of metal and mining companies in the country, but there are hopes it will speed up the mine approval process    Tuesday , 04 Oct 2011

Roxgold expands Burkina Faso gold target

While its shares may have fallen on Tuesday on what was generally a dreary day for the TSX, the series of high grade gold results over solid intercept widths, Roxgold reported were anything but dull.    Wednesday , 05 Oct 2011

Price fall makes for buying opportunities in gold mining stocks

Canaccord Genuity's Steven Butler didn't expect mining equities to fall as hard as they did after the gold price tumbled but believes the drop has created some welcome bargains. Gold Report interview    Tuesday , 04 Oct 2011

Demand for aluminium slowing, but not falling off yet - Rio Tinto Alcan

Rio Tinto Alcan's Gordon Hamilton says that although aluminium demand is sliding, it has not done so dramatically, with business in Asia doing well.    Wednesday , 05 Oct 2011

Molycorp's new rare earth exploration project still in early stages

The company's chief technology officer, said that exploration at its new heavy rare earth discovery in California, which it was set to announce at a conference in Washington Tuesday, is still in its early stages.    Wednesday , 05 Oct 2011

Australia's New Hope maybe on the market

News of a possible takeover of Australia's coal miner New Hope Corp saw its shares jump as much as 23%, but the company would not name the interested parties.    Wednesday , 05 Oct 2011

Gold miners net hedgers for second consecutive quarter

The second quarter saw gold miners add 0.19 million ounces to the global hedge book, the first consecutive quarterly net hedging in 10 years, according to Thomson Reuters GFMS and France's Societe Generale.    Wednesday , 05 Oct 2011

Mercator Minerals' shares down on less-than-forecast copper output

The company's shares traded as much as 10% down on Tuesday as quarterly copper output from its Mineral Park mine came in below its earlier forecast.    Wednesday , 05 Oct 2011

DRC mining boom to increase power deficit - official

Mbala Musanda, the head of the national supplier, SNEL, told a mining conference in Kinshasa that the country's energy deficit will reach 132 MW by 2015 from 110 MW in 2011.    Wednesday , 05 Oct 2011

Metorex, Jinchuan deal receives approval from SA, Zambia

According to Metorex, while approval from China is still outstanding, the $1.1bn bid for the company made by Jinchuan has been approved by both South Africa and Zambia.    Tuesday , 04 Oct 2011

Copper to get a boost from supply deficits

According to Bloomsbury Mineral Economics, while copper prices have been hit hard of late, and further falls are possible, the metal's fundamentals remain strong enough to ensure a price rebound    Tuesday , 04 Oct 2011

Gold's volatility makes a long term focus more important

While prices have fallen significantly in recent weeks and volatility continues to rise, David Levenstein looks at what has actually changed, if anything    Tuesday , 04 Oct 2011

Yesterday's Top Story: 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

PODCASTS / RADIO                                                     

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

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

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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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