Wednesday, November 16, 2011

MINEWEB.COM'S TOP STORIES: Beaty's ‘Ugly Duckling' takes shape with new high grade resource

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FEATURED PODCAST                                                     

Investors moving to physical gold as macroeconomic concerns fester - Stoeferle

Erste Group gold analyst, Ronald Stoeferle, believes that the monetary aspect of gold is becoming more important as investor attitudes toward the global economy shift.
 

TOP STORIES | Wednesday , 16 Nov 2011                                                     

Beaty's 'Ugly Duckling' takes shape with new high grade resource

Lumina Copper is showing the high grade side to the Taca Taca copper-gold-molybdenum deposit in Argentina. Is it a swan in the making?    Wednesday , 16 Nov 2011

Mines Ministry reports decline in Peru's 9mo. 2011 gold output

Peru's Ministry of Energy and Mines reported reductions in precious metals and base metals production during the first nine months of this year.    Wednesday , 16 Nov 2011

U.S. Senate Resources Committee to review OSM/BLM consolidation

The Senate Energy & Natural Resources Committee will hear testimony on the Secretary of Interior's order to consolidate and establish the Office of Surface Mining Reclamation and Enforcement within BLM.    Wednesday , 16 Nov 2011

Chile's appeals court blocks further Anglo Sur stake sales

The Santiago appeals court in Chile ruled in favour of Codelco on Tuesday, blocking global miner Anglo American from selling any further stakes in its southern Chilean assets for the moment.    Wednesday , 16 Nov 2011

Pit pains drag down Avion Gold guidance

As supply chain woes pile expenses onto cash costs Avion Gold hits a low grade ore zone that forces it to cut its 2011 production outlook.    Tuesday , 15 Nov 2011

Gold soars to a new high in India as wedding season gets underway

With India witnessing thousands of weddings this marriage season, gold jewellery sales are set to go up in India, with the precious metal entering its strongest time of the year.    Tuesday , 15 Nov 2011

China's 2011 palladium demand to slow as auto growth softens - JM

Leading refiner Johnson Matthey said Tuesday it expects China's autocatalyst demand for palladium to grow only 9.5% t in 2011 to 1.1 million ounces, compared with a 47% jump achieved in 2010, as the auto sector cuts back on buyer incentives.    Tuesday , 15 Nov 2011

New faces, same problems for Europe while gold continues building support

While two of the main actors in the Eurozone soap opera have bowed, out their parts now to be played by others, the debt crisis continues and gold continues to find support    Wednesday , 16 Nov 2011

Paulson's gold ETF sale no cause for worry say analysts

The hedge fund manager and long-time gold bull cut his holdings of bullion ETFs by a third in Q3, data showed, but, analysts say he isn't abandoning the metal    Tuesday , 15 Nov 2011

Real price strength of both copper and gold is now twinned - Kaiser

John Kaiser shares the catalysts that could propel gold and silver stock prices higher in 2012 and reckons global economic growth is more assured than many think making gold/copper projects favorable - Gold Report interview.    Tuesday , 15 Nov 2011

Reed Resources Meekatharra gold acquisition vindicated

Less than a year ago, the Western Australian miner's decision to buy a gold project in Meekatharra was met with disdain, now with the announcement of a significant resource, that decision seems vindicated    Tuesday , 15 Nov 2011

Century Aluminum's CEO resigns, sues company

Century Aluminum said in a news release Tuesday that its CEO Logan Kruger had not only resigned but had also filed a lawsuit against the company, alleging a breach of contract and wrongful termination.    Wednesday , 16 Nov 2011

BHP earmarks $822mn for new Australia iron ore mine

The company has approved $822 million in capital spending to develop a new iron ore mine in Australia, targeting some 17 million tonnes of ore a year starting in mid-2012.    Wednesday , 16 Nov 2011

Eastplats restarts work at S. African mine

Eastern Platinum has resumed full production at the Maroelabult and Zandfontein sections of its Crocodile River mine in South Africa, following a probe into the death of a miner earlier this month.    Wednesday , 16 Nov 2011

Peabody buys 90% of Macarthur Coal, prepares to take full control

US firm Peabody Energy has acquired 90% of its Australian takeover target, Macarthur Coal, clearing the way to compulsorily buy the remaining shares and increase its offer to $4.98 billion.    Wednesday , 16 Nov 2011

Cerro Verde wage talks progress

According to Peru's regional government of Arequipa, wage talks between Freeport-McMoRan and striking mine workers at the Cerro Verde copper mine are progressing.    Wednesday , 16 Nov 2011

South Africa's NUM rejects increased Lonmin offer

Wage talks between Lonmin and South Africa's National Union of Mineworkers failed again after the union rejected an increased wage offer of 0.5% on Tuesday, moving closer toward industrial action at the miner's operations.    Wednesday , 16 Nov 2011

Yesterday's Top Story: China reduces 2012 silver exports by 5%, could boost prices

China has cut exports of silver by 283 tonnes from the 5,670 tonnes exported in 2011, traders suggest that less exports mean tighter markets that could eventually bolster prices.    Tuesday , 15 Nov 2011

PODCASTS / RADIO                                                     

Indigenous populations and the rise of resource nationalism

ICMM President, Dr. Anthony Hodge, looks at the implications of the increasing role being played by governments and indigenous populations in the mining sector

Gold's save haven properties re-emerging - Steel

HSBC's James Steel believes that gold still has a way to run especially in the current environment, wherein, the yellow metal's safe haven status have begun to re-emerge

For the individual, gold is the only place to hide - McAvity

Given the current machinations in the global financial system, Deliberations on World Markets Author Ian McAvity believes that another global financial slowdown is inevitable

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CONFERENCES

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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