Thursday, November 17, 2011

MINEWEB.COM'S TOP STORIES: Greg Lang to helm NovaGold; Van Nieuwenhuyse moves to NovaCopper

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TOP STORIES | Thursday , 17 Nov 2011                                                     

Greg Lang to helm NovaGold; Van Nieuwenhuyse moves to NovaCopper

The appointment of longtime Barrick executive Greg Lang as NovaGold's new president and CEO, as well as the spinoff of NovaCopper, could be very good news for NovaGold's shareholders.    Thursday , 17 Nov 2011

Lifting of ban on uranium exports to India has huge implications for Australia

According to legal firm, Minter Ellison, the change will present new opportunities for uranium mine developers as well as existing producers such as BHP Billiton    Thursday , 17 Nov 2011

GFMS Klapwijk forecasts average silver price of $35.66/oz in 2011

Thomson Reuters GFMS advises silver's bull run will continue with an annual average in excess of $45/oz.    Thursday , 17 Nov 2011

Lake Shore stock thunders on million-ounce-gold resource

With more resources under its belt, Lake Shore Gold aims to double mining throughput at its Bell Creek mill in Ontario.    Thursday , 17 Nov 2011

C$802 million pricetag to build Stornoway diamond mine

Stornoway made headway on its Renard diamond project in a remote corner of Quebec in releasing the results of a positive feasibility study.    Wednesday , 16 Nov 2011

Growing trust in gold makes it the perfect place to hide

In this swirl of economic turmoil, Erste Group gold analyst, Ronald Stoeferle, believes that gold is a good place to hide    Wednesday , 16 Nov 2011

Gold demand soars in Europe - World Gold Council

Investment demand for gold is still continuing to rise leading to a 6% increase in Q3 2011 and has reached an all-time high in value terms. A particularly big increase in demand has been seen in Europe despite the sharp September price fall.    Thursday , 17 Nov 2011

Reducing risk in junior gold stock investment - Cook

In the high-risk junior gold sector, 95% of the companies investors might choose will fail to hit paydirt. But, Exploration Insights Editor Brent Cook has some advice - Gold Report interview    Thursday , 17 Nov 2011

China's Shandong Gold bids $1 billion for Jaguar Mining

Sources close to the proposed deal said Wednesday China's Shandong Gold Group has made a $1.0bn offer to acquire Jaguar Mining, one of Brazil's fastest-growing gold producers, and has prepared cash to get the deal done.    Wednesday , 16 Nov 2011

Japan's top trading houses seek more copper

Japan's top trading houses are likely to come head-to-head again as the y seek to secure further supplies of copper, a move likely to drive up prices of potentially lucrative properties.    Thursday , 17 Nov 2011

FCStone to buy MF Global's LME seat, metals team

Industry sources said Wednesday that FCStone had agreed to acquire MF Global's ring dealing seat on the London Metal Exchange.    Thursday , 17 Nov 2011

S.Africa's gold miners denied access to silicosis checks - lawyer

London law firm Leigh Day, acting on behalf of former gold miners in South Africa's Eastern Cape province, alleges their ex-employers denied them free access to regular silicosis check-ups.    Thursday , 17 Nov 2011

Ghana's mining tax to rise to 35% - budget

Africa's second-largest gold miner, Ghana, will increase the current corporate tax rate to 35%, from 25% for mining companies, according to the 2012 budget delivered to parliament on Wednesday.    Thursday , 17 Nov 2011

Pakistan says no to Antofagasta/Barrick mining lease application

Government officials in Pakistan's remote Baluchistan province have rejected a mining lease application from Chilean copper producer Antofagasta and Canada's Barrick Gold, raising questions over the future of their Reko Diq copper-gold project.    Wednesday , 16 Nov 2011

Gold majors eye explorers as Canada's Yukon prepares for its next big gold rush

After years of absence, big miners are once again looking at Canada's northern Yukon territory where exploration success can lead to mining success.    Thursday , 17 Nov 2011

Volcan's shares up 9% on inclusion in MSCI Peru index

Volcan's share price climbed more than 9% to 3 soles on Wednesday after Morgan Stanley decided to include the stock as the fourth company in its MSCI Peru index at the end of this month.    Thursday , 17 Nov 2011

Freeport Indonesia union wage demands "excessive" - CEO

Freeport McMoRan's CEO Richard Adkerson says his company is firmly committed to working in good faith with striking workers at its Grasberg copper mine in Indonesia.    Thursday , 17 Nov 2011

BHP Billiton wary on commodity market outlook

The global miner expects the heightened volatility in the commodity markets to persist, warning on Thursday that some customers are starting to face tighter access to trade finance.    Thursday , 17 Nov 2011

Thompson Creek sees lower 2012 moly output, costs up

The company's COO Scott Shell told investors Wednesday that even though the company remains on track to meet its 2011 production forecasts, it expects its 2012 output to dip and costs to rise.    Thursday , 17 Nov 2011

Yesterday's Top Story: 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

PODCASTS / RADIO                                                     

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.

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

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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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