Friday, November 11, 2011

MINEWEB.COM'S TOP STORIES: Silver outlook bullish for 2011 and into 2012-Thomson Reuters-GFMS

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TOP STORIES | Friday , 11 Nov 2011                                                     

Silver outlook bullish for 2011 and into 2012-Thomson Reuters-GFMS

This year worldwide silver investment demand is expected to reach a value of $10bn on a net basis for the first time in history.    Friday , 11 Nov 2011

Quadra FNX reports higher profits in 3Q and 9 months of 2011

Quadra FNX will wind down its Carlota and Podolsky operations while optimizing its flagship mines Robinson and Morrison.    Friday , 11 Nov 2011

Silver Standard shares slump 22$ on reserve downgrade

The Canadian miner announced Thursday that it had reduced the proven and probable reserve estimate at its Pirquitas mine by 52 percent to 93.1 million ounces of contained silver, sending its shares into a steep dive    Friday , 11 Nov 2011

B2Gold sticks to guidance despite two-month mine shutdown

It could have been worse. Despite a tragic flood that killed a mine worker and extensive downtime at a Nicaraguan mine, B2Gold eked out solid production and earnings.    Friday , 11 Nov 2011

Gold Fields joins ranks of record quarterly earners, project pipeline impresses

Gold Fields reports record September quarter profits of US$293 million joining the ranks of a number of its peers. Meanwhile the company's project pipeline supports its target of producing 5 million oz/year gold by 2015.    Thursday , 10 Nov 2011

Central Bank Gold - A European cause of dissent

Germany is adamant that its gold reserves, the world's second largest, should not be used in helping bail out debt-ridden Eurozone economies. What are the arguments for and against?    Friday , 11 Nov 2011

South Africa's Godsell dismisses mine nationalization idea

Renowned SA businessman, Bobby Godsell, dismissed concerns about the nationalization of the country's mines Thursday, soon after the ANC suspended youth league leader, Julius Malema, a key proponent of the idea.    Friday , 11 Nov 2011

Costless, Limitless, Meaningless Money, and the Role of Gold (and Silver) - Part II

If this risks sounding metaphysical, so it should as the Euro faces its own existential crisis. A follow up to an earlier article on the perils of printing more and more money without the controlling influence of gold.    Thursday , 10 Nov 2011

Molycorp announces swing to Q3 profit but misses analyst estimates

Shares in the group fell in aftermarket trade after the miner said net income for the quarter to end September rose to $48.4m but on higher prices and sales but, lowered its production outlook slightly for Q4.    Friday , 11 Nov 2011

Euro debt crisis could launch gold to record highs above $2,000/oz

One of the heaviest bets among investors is that gold will end the year at or above $2,000 an ounce, as the escalating European debt crisis could see bullion ditch its risk-asset mantle and return to record highs.    Friday , 11 Nov 2011

Rio Tinto, BHP to pay higher iron ore fines royalty in W. Australia

Rio Tinto and BHP Billiton have agreed to pay W. Australia a higher royalty on iron ore fines to match the royalty on lump ore agreed in May, in exchange the state will treat the miners' iron ore expansion plans as special projects.    Friday , 11 Nov 2011

Baosteel cuts Dec prices for main products

The company says it will cut its main product prices for December bookings to include more discounts to its customers, a move reflecting the weakness in steel demand in the final month of 2011.    Friday , 11 Nov 2011

Aurizon misses market estimates despite almost 6-fold jump in profits

Shares in the gold miner fell as much as 2% after reporting a worse-than expected increase in Q3 profits from C$2.3m to C$13.1m.    Friday , 11 Nov 2011

Australia's mining profits tax divides miners

Australia's new mining tax has companies at odds over who will shoulder the biggest burden, as small miners fear their larger counterparts will use other loopholes to avoid liability and leave them to foot the bill.    Friday , 11 Nov 2011

Centamin Egypt to set up parent company in Jersey

The gold producer said it plans to domicile the new company in Jersey in a bid to attract increased interest from international investors.    Friday , 11 Nov 2011

Anglo shares climb on $5.4bn Chile stake sale

Anglo American's shares rose as much as 4% Thursday on news that it sold a stake in its southern Chilean copper business for $5.4 billion to Japan's Mitsubishi Corp, a move that brings it into conflict with Codelco.    Friday , 11 Nov 2011

Freeport, striking Peru workers exchange labor proposals

In what is hoped might be the beginning of the end of the six-week-old wage strike at Freeport McMoRan's Cerro Verde mine in Peru, the company met with union workers on Thursday to exchange labor contract proposals.    Friday , 11 Nov 2011

NovaGold cuts jaw-dropping copper intercepts in Alaska

NovaGold more than confirms historic drilling results as it steps out and finds exceptional copper-mineralized intercepts at its Bornite property in Alaska.    Thursday , 10 Nov 2011

Yesterday's Top Story: Silver Wheaton announces new operating cash flow-based dividend

Silver Wheaton's Board of Directors has approved a new dividend policy that will yield a cash dividend of eight-cents per share during the fourth quarter.    Thursday , 10 Nov 2011

PODCASTS / RADIO                                                     

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

De Beers Selling out to Anglo - Nicky Oppenheimer

Nicky Oppenheimer speaks on what the family is planning to do with the $5.1bn it will receive from Anglo American for its stake in De Beers

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CONFERENCES

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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