Tuesday, November 1, 2011

MINEWEB.COM'S TOP STORIES: Royal Canadian Mint's new gold ETRs program challenges gold ETFs

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TOP STORIES | Tuesday , 01 Nov 2011                                                     

Royal Canadian Mint's new gold ETRs program challenges gold ETFs

The Royal Canadian Mint is taking the gold ETFs head-on with the introduction of the new Canadian Reserves gold ETR program aimed at eliminating the middleman in direct gold ownership.    Tuesday , 01 Nov 2011

Wafi-Golpu gold/copper porphyry - Harmony's elephant in the room

Harmony's CEO Graham Briggs reckons that early results at the Wafi-Golpu jv in PNG were reminiscent of - or better than - those at Freeport's massive Grasberg, overshadowing the SA gold miner's strong Q3 results.    Monday , 31 Oct 2011

Eurozone debt 'resolution' hasn't seen gold and silver plunge. Why not?

You might have thought a 'resolution' to the Eurozone debt crisis would have caused gold to tumble, the euro to soar, and the dollar to fall - perhaps with the gold price in the dollar steady. So why is the price of gold behaving as it is?    Tuesday , 01 Nov 2011

Despite negative economic outlook, SCC maintains 2011 copper guidance

Southern Copper Corp. has reported an 81.5% and 69.5% increase, respectively, for third-quarter net income and net income for the first nine months of the year.    Tuesday , 01 Nov 2011

Key political risks for mining investment in Mongolia

For those looking to invest in Mongolia, the article takes a look at some of the key political risks to watch out for as political uncertainty ahead of parliamentary elections in June 2012 has investors worried.    Tuesday , 01 Nov 2011

Make sure you hold some gold as Government 'Ponzi Schemes' escalate

As governments continue to perpetuate the chaos that is already occurring in the currency markets, the advice is make sure you own some gold - the oldest form of sound money.    Tuesday , 01 Nov 2011

Kagara looks for buyers for its nickel mine as prices slip

Australia's Kagara is said to be talking to potential buyers for its Lounge Lizard nickel mine, the latest in a series of sales as global prices for the metal continue to drop on weakening demand.    Tuesday , 01 Nov 2011

BHP/Mitsubishi alliance to invest $4.2 bn in Australia coal expansion

The BHP/Mitsubishi JV has earmarked a total of $4.2 billion to expand its coal mining operations in Australia and the work will require the development of a new mine, Caval Ridge, and expansion of the alliance's Peak Downs colliery.    Tuesday , 01 Nov 2011

NGEx cashes up as it prepares to drill deep in Chile

NGEx Resources raises $27 million in a non-brokered private placement to help it advance exploration properties - from the Los Helados copper-gold project in Chile to the Bada potash project in Eritrea.    Monday , 31 Oct 2011

Black Iron eyes cheaper $900M non-pellet iron ore option

At Shymanivske, its iron ore project in the Ukraine, Black Iron tilts towards a simpler $900 million mine not a $1.6 billion pellet-producer following results of a scoping study.    Monday , 31 Oct 2011

See-saw gold after Japan move created dollar spike

Gold plunges after Yen move, Comex Traders "cautious", "useless" CDS "would mean much higher sovereign debt exposure" if Greek "haircut" not a "default."    Monday , 31 Oct 2011

Minmetal's takeover of Anvil Mining hits snag

It seems Minmetal's $1.3 billion takeover offer of Africa-focused copper miner Anvil Mining may not be completed if Anvil fails to agree with its partner Gécamines on contractual arrangements.    Monday , 31 Oct 2011

Gold mining rush in India as high prices see resurrection of old mines

Though India's exploration and mining development continue to lag behind other nations, the high gold price points to a revival in gold exploration and mining, even as Hutti's Chitradurga mine opens its doors after six years.    Monday , 31 Oct 2011

China cuts 2012 metal export quotas

A statement by the Ministry of Commerce showed on Monday the country will cut export quotas for tin, tungsten, antimony and molybdenum in 2012 from this year.    Monday , 31 Oct 2011

Indonesia tin export ban may lift Dec benchmark prices

The self-imposed tin ingot export ban in Indonesia seems to be having the desired effect as analysts reckon it may start to significantly lift benchmark prices higher in December.    Monday , 31 Oct 2011

Minmetals Resources share trading suspended - HKEx

The Hong Kong stock exchange said Monday that trading in shares of Minmetals Resources Ltd was suspended pending a statement, but gave no further details.    Monday , 31 Oct 2011

Global iron ore price slump signals turning point - Baosteel

China's Baosteel reckons the recent slump in global iron ore price signals the market may be reaching a turning point and expects the current tightness in supplies to ease by around end-2012 or 2013.    Monday , 31 Oct 2011

High gold prices boost Centamin Egypt Q3 profit

Q3 profit came in at $43.4 million, compared with $14.7 million a year ago, boosted by the much higher gold prices and is on track to reach a targetd 200-210,000 ounces of gold this year.    Monday , 31 Oct 2011

Yesterday's top story: CIBC lowers silver price guidance, downgrades PanAm, Minefinders

CIBC will maintain "a positive disposition to silver prices," but is skeptical as to why mining companies' cash flows have not kept pace with silver price movements.    Monday , 31 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.

Auriga Gold announces positive Preliminary Economic Assessment for open pit mining and milling at its Maverick Gold Project

Dr. Richard Sutcliffe, Auriga Gold's President and CEO stated, "The proposed open pit operation provides the Company with an opportunity to refurbish the existing mill and demonstrate its performance whilst also reaching payback and earning a respectable return on investment in a very short period.  We are currently looking at ways to extend the life of the Project using the significant underground mineral resources and add value using a combined open pit and underground operation."

·         The existing mill and infrastructure would be refurbished along with the development of the open pits over 10 months at an estimated cost of $15.6M.

·         Approximately 530,000 tonnes of mill feed would be sequentially mined .....

To read full release click here...

 

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

FEATURED
COMPANY

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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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