Friday, October 14, 2011

MINEWEB.COM'S TOP STORIES: Republican lawmakers launch N. Arizona Mining Continuity Act of 2011

Mineweb logo
 

 
 

TOP STORIES | Friday , 14 Oct 2011                                                     

Republican lawmakers launch N. Arizona Mining Continuity Act of 2011

U.S. senators and representatives from Arizona and Utah have introduced legislation prohibiting the withdrawal from uranium and hardrock mining of one million acres surrounding the Grand Canyon National Park.    Friday , 14 Oct 2011

Do gold stocks actually outperform gold bullion? No!

Contrary to popular belief, if you want leverage in gold buy bullion. It keeps on turning every 1% gain in gold mining stocks into a 2% rise..    Friday , 14 Oct 2011

Comibol, Koreans confirm major Bolivian copper discovery

Two state-owned mining companies, South Korea's KORES and Bolivia's Comibol, say they have discovered a huge copper deposit in the Corocoro Copper District of Bolivia.    Friday , 14 Oct 2011

Carpathian Gold opts for $46m equity financing following debt deal

As earlier hinted, Carpathian is adding more money to its kitty to help cover the $160 million it will cost to build the Riacho dos Machodos gold project in Brazil.    Thursday , 13 Oct 2011

Iron ore miners offer better Q4 prices to China - sources

Industry sources say mining giants such as Vale have offered Chinese steel mills the option to pay for fourth quarter iron ore supplies based on more current rates, following the recent price fall.    Friday , 14 Oct 2011

Market morning: Perception differences between gold and gold stocks

This morning's gold and silver markets have been flat to weaker as the metals consolidate around current levels.    Thursday , 13 Oct 2011

NUM serves Xstrata with strike notice; workers to down tools Monday

Xstrata's tug-of-war with the National Union of Mineworkers over its employee share ownership programme continues, with the union to embark on a countrywide strike at miner's operations from Monday.    Friday , 14 Oct 2011

BNP Paribas cuts 2011-2013 gold price forecasts

The French bank expects a sharp fall in gold prices for 2011 through to 2013 and said a further revision is possible in the short term.    Thursday , 13 Oct 2011

Peru warns Freeport of 'grave infraction' Cerro Verde

Peru's government has warned the copper miner that it is committing a grave infraction by relying on volunteer staff to fill the jobs of striking workers, who downed tools 15 days ago.    Friday , 14 Oct 2011

Two new Mexican mines boost AuRico's Q3 production

Mexico-focused AuRico Gold saw a 68% increase in its third quarter gold production as two of its mines in the country became operational, achieving 45,686 oz, of which 40,779 oz were sold.    Friday , 14 Oct 2011

Brigus Gold sees increased Q3 output

The company's Black Fox underground mine in Ontario achieved gold production of 16,838 ounces in the third quarter, a 7% rise from 15,688 ounces delivered in the second quarter.    Thursday , 13 Oct 2011

BHP Australia coal miners plan more work stoppages

Workers at BHP Billiton's Australian coal mines are planning to embark on more work stoppages across all its mines next week after rejecting the company's new employee contract offer of a 5% annual wage increase.    Friday , 14 Oct 2011

Glencore nears $800-$900 mln loan for Indonesia's Bakrie

Close sources say Glencore is close to lending $800-$900 million to Indonesia's Bakrie coal mining group to help it repay its $1.35 billion debt and stave off a potential default.    Friday , 14 Oct 2011

China's Real Gold in search of new auditor as Deloitte resigns

Global accounting and consulting firm, Deloitte, has decided to cut ties with Hong Kong's Real Gold because of an ongoing investigation by the Securities and Futures Commission for possible corporate governance breaches by the miner.    Friday , 14 Oct 2011

Locals to get only 10% of Implats Zimbabwe platinum unit - for now

Implats will only offer a 10% stake of its Zimbabwe unit Zimplats to locals as initial compliance with a law requiring foreign mining firms to turn over a 51% stake. Zimbabwe President Mugabe tells Implats CEO, Zimplats has nothing to fear.    Thursday , 13 Oct 2011

Atlas Copco gets US DoE grant to develop high-speed geothermal drilling technology

Global drilling equipment manufacturer, Atlas Copco, has been awarded a grant by the US DoE to develop geothermal drilling technology in conjunction with Sandia National Laboratories.    Thursday , 13 Oct 2011

Slumbering New Zealand gold deposit to be re-awakened

A large gold discovery near the top end of New Zealand's South Island is to be brought back to life by the man who acquired it about 20 years ago from Rio Tinto.    Thursday , 13 Oct 2011

China clears $4.7 bln Macarthur takeover bid

China's Ministry of Commerce has granted Peabody Energy and ArcelorMittal clearance for their $4.7 billion takeover bid for Australia's Macarthur Coal.    Thursday , 13 Oct 2011

Zambia aims to increase state stake in mining projects to 35%

The new Zambian government's Mines Minister has said that the country would like negotiate larger stakes in projects with foreign mining firms and plans to revamp tax collection to improve transparency and maximize benefits for itself.    Thursday , 13 Oct 2011

Yesterday's top story: Investing in gold, silver, copper, nickel and alternative energy for fun and profit - Ross Beaty

In this interview with The Gold Report legendary mining entrepreneur, Ross Beaty, explains his love of metals and alternative energy and what he is doing to position himself regardless of where the markets go.    Thursday , 13 Oct 2011

PODCASTS / RADIO                                                     

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.

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

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

FEATURED
COMPANY

View more featured mining companies

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

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2010 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

No comments:

Post a Comment