Thursday, October 27, 2011

MINEWEB.COM'S TOP STORIES: U.S. Interior Secretary expected to back 20-year mining ban near Grand Canyon

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TOP STORIES | Thursday , 27 Oct 2011                                                     

U.S. Interior Secretary expected to back 20-year mining ban near Grand Canyon

The U.S. Bureau of Land Management has recommended the withdrawal from mineral development of more than 1 million acres for 20 years near the Grand Canyon National Park.    Thursday , 27 Oct 2011

Sustained high gold prices mean record adjusted 3Q net earnings for Goldcorp

Goldcorp remains on track to achieve its previously stated guidance of between 2.5 million to 2.55 million ounces of gold this year.    Thursday , 27 Oct 2011

Vale's Q3 profit tumbles on currency

The miner's profit fell 18% to $4.94 billion in the third quarter, missing analysts' estimates as a tumble in Brazil's real against the US dollar produced a non-cash accounting effect on earnings before taxes.    Thursday , 27 Oct 2011

Goldex $161m write-down costly for Agnico-Eagle 3Q financials

In spite of record gold production for the first nine months of this year, Agnico-Eagle sustained a substantial loss of US$82.6 million during the 3Q11 due to subsidence issues at Goldex.    Thursday , 27 Oct 2011

Argentina tells oil, mining firms to repatriate 100% of export revenues

Argentina's government has told all of its oil, gas and mining companies to repatriate all of their export revenues, requiring them to trade dollars in the local exchange market in a bid to boost the central bank's reserves.    Wednesday , 26 Oct 2011

Former Red Back A-Team getting into iodine but bigger plans are afoot

Simon Jackson, the new president of Atacama Minerals, speaks to Mineweb about what's on the horizon for an iodine mining company in Chile after a vigorous management shake-up Monday. Are they really getting away from gold?    Thursday , 27 Oct 2011

Claude Resources sweetens bid for St. Eugene Mining

Getting board support this time round, Claude Resources will consolidate a nearly 1 million ounce gold-equivalent deposit.    Wednesday , 26 Oct 2011

A return to gold and silver as Eurozone deal looks to be so much hot air - again

Gold and silver have received a serious price boost as the Eurozone leaders still seem to be finding it impossible to agree on moves to try and prevent what could develop into a global economic meltdown.    Wednesday , 26 Oct 2011

Hands off Germany's gold - Bild

Gold still represents the ultimate form of payment. Why throw it away before the Euro collapses...? Germany's best read tabloid newspaper warns against Germany sacrificing its gold in Eurozone bailout.    Thursday , 27 Oct 2011

Australia finalises details of mining tax

Australian Treasurer Wayne Swan said Thursday the details of its proposed 30% revenue tax on mining companies have been finalised and aims to introduce legislation into parliament as soon as possible.    Thursday , 27 Oct 2011

Gold resurrection - to resume long upward march

Gold seems set for revival and recovery regardless of last night's basic accord on Eurozone debt and support. Asian demand remains extremely strong and the odds would seem to favor the upwards path again.    Thursday , 27 Oct 2011

Teck ups dividend 33%

The miner has authorized a 33% increase in its semi-annual dividend payout, payable to its shareholders on Jan. 3, 2012.    Thursday , 27 Oct 2011

Barrick Gold ups quarterly dividend by 25%

The gold miner has authorized a 25% increase in its quarterly dividend, payable on Dec. 15.    Thursday , 27 Oct 2011

Compass Minerals posts impressive Q3 results

NYSE-listed Compass Minerals International Inc posted better-than-expected quarterly results, which saw revenue jump by almost a third to $229.1 million, beating previous expectations.    Thursday , 27 Oct 2011

Gold to remain supported by economic conditions - Newcrest

The company says it expects the current turmoil within the world's major economies to continue to support a strong gold price environment over the short and medium term.    Thursday , 27 Oct 2011

Kalahari expects China's CNGPC to bid for Extract

Kalahari's chairman Mark Hohnen thinks its Chinese suitor CNGPC will eventually make a takeover offer for Extract Resources, of which Kalahari owns 43%.    Thursday , 27 Oct 2011

Norsk Hydro posts lower-than-expected Q3 earnings

The Norwegian firm that achieved lower-than-expected earnings in the third quarter on weakened demand, expects the declining trend in aluminium prices to continue in the coming months because of volatile market conditions.    Thursday , 27 Oct 2011

India/China lead race for Afghan mine, oil contracts

According to Afghanistan's mines minister Wahidullah Sharani Indian and Chinese bidders are leading the race to secure contracts for the country's Hajigak iron ore project and Amu Darya oil/gas field respectively.    Wednesday , 26 Oct 2011

Xstrata/Amplats SA mine shaft reopened after fatality

Xstrata reports that the shaft at its Mototolo platinum mine in South Africa, run as a JV with Amplats, is back to full production after it was temporarily shut last week due to a fatality.    Wednesday , 26 Oct 2011

Force majeure declared at Freeport's Grasberg copper, gold mine

Month-long strike action, road blockades and possible pipeline sabotage at the Indonesian mine has meant the miner has declared force majeure on concentrate sales agreements    Wednesday , 26 Oct 2011

Yesterday's Top Story: Demand for lithium expanding as battery manufacturers make major investments

Lithium continues to be in high demand as battery application growth outpaces the economy. The Energy Report interviews Jonathan Lee of Byron Capital to explain the factors shaping the evolution of this growing market.    Wednesday , 26 Oct 2011

PODCASTS / RADIO                                                     

Gold Bullion, confidence and the European crisis - Julian Phillips

Goldforecaster founder, Julian Phillips looks at the likely implications of the ongoing European crisis on the gold market and the longer term outlook for the yellow metal

Petmin's plans through the cycle - Ian Cockerill

Petmin's, executive chairman, Ian Cockerill looks at the reasons behind the diversified mining group's recent acquisitions given the macro-economic environment facing miners

The state of South African mining - Adrian Macartney

Ernst & Young's Africa transactions head, Adrian Macartney, looks at some of the major challenges facing the South African mining sector.

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CONFERENCES

Gold & Silver Investment Summit 2011
Date: 07 November 2011 - 07 November 2011
Venue: Royal Garden Hotel, Kensington, London, UK
Annual conference that aims to link junior exploration & emerging gold and silver producing companies plus expert keynote speakers & analysts with financial institutions, brokerage firms, corporate finance & investment houses involved in the precious metals, resource & commodity markets Read More
The Gold Symposium 2011
Date: 14 November 2011 - 15 November 2011
Venue: Luna Park, Crystal Palace, Sydney, Australia
The 2-day event will feature presentations by world‑renowned precious metals and monetary experts and gold mining company CEOs. Read More
2011 NWMA Mining Conference and Exhibition
Date: 27 November 2011 - 02 December 2011
Venue: John Ascuaga's Nugget Hotel, Reno, USA
Important regional conference and exhibition being held in Reno this year. Mineweb's Dorothy Kosich will be attending. Read More
San Francisco Hard Assets Investment Conference
Date: 27 November 2011 - 28 November 2011
Venue: San Francisco Marriott, USA
The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

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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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