| | | | 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 | | | | | TOP STORIES | Thursday , 10 Nov 2011 | | 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 | | With negative real interest rates and central banks increasing gold holdings, gold should benefit in the next two months which have been strong ones historically for the yellow metal. Thursday , 10 Nov 2011 | | Pan American Silver struggled with 3Q silver, gold and base metals production at its Peruvian operations, forcing a wide-ranging reduction in 2011 silver and base metals guidance. Thursday , 10 Nov 2011 | | A month after Chile's copper giant Codelco announced plans to use its option to buy a 49% stake in Anglo American Sur, Anglo American instead sold a 24.5% stake on Wednesday to Mitsubishi Corp for $5.39 billion. Thursday , 10 Nov 2011 | | Without a doubt it was a strong quarter for Silvercorp financially, though labour issues beset productivity at its flagship Ying silver mine in China. Thursday , 10 Nov 2011 | | South Africa's Gold Fields achieved a 58% surge in its earnings for the quarter ended September bolstered by gold's record run but fell just short of analysts' bullish expectations. Thursday , 10 Nov 2011 | | Alcoa expects production costs to come down when its new Saudi Arabian aluminum smelter starts up and to profit more from a change in its contract pricing system as global metal demand continues to rise. Thursday , 10 Nov 2011 | | The local authorities of Peru's Arequipa region have given striking workers and U.S based Freeport McMoRan five days to end the ongoing wage dispute at the Cerro Verde mine before calling on the central government to intervene. Thursday , 10 Nov 2011 | | Major and mid-tier gold stocks have mostly kept up reasonably well with the rising gold price over the past three years, but the market wants more, so will this come about with the big earnings increases now being achieved. Wednesday , 09 Nov 2011 | | Peaceful protests continue by local communities who want Newmont/Buenaventura to abandon their massive $4.8 bn Minas Conga gold mine in Cajamarca in Peru largely on environmental grounds Wednesday , 09 Nov 2011 | | Capstone drove home a conservative message in a third quarter conference call as regards its sizeable cash reserves citing as of yet undefined possible capital requirements ahead. Wednesday , 09 Nov 2011 | | On reporting record Q3 cashflow and earnings, gold miner AngloGold Ashanti announced it was moving to quarterly dividend payments and would increase its total dividend for 2011 by 86% compared with 2010. Wednesday , 09 Nov 2011 | | South African mine nationalisation proponent, Julius Malema, was a no-show at a debate on the subject organised by the country's top gold miner, AngloGold Ashanti in conjuction with Motjoli Resources. Wednesday , 09 Nov 2011 | | A trade ministry official in Indonesia said Thursday the country's refined tin exports dropped 38% in October from a year ago to 5,441.58 tonnes, after smelters imposed a tin ingot export ban since Oct. 1 in a bid to boost falling global prices. Thursday , 10 Nov 2011 | | The Philippine unit of Canada's TVI Pacific reports that it is business as usual in its Canatuan mine in Zamboanga del Norte province and is not considering to pull out despite a local ban on open-pit mining that took effect this week. Wednesday , 09 Nov 2011 | | HSBC analyst, James Steel says the group expects the yellow metal to trade between $1,700 and $2,300 next year as safe haven buying returns and the risk on, risk off scenario continues Wednesday , 09 Nov 2011 | | Gold fell from Tuesday's high of $1,802.60, its strongest since late September, on Wednesday as the dollar strengthened and doubts about Italy's ability to tackle its debt problems persisted. Wednesday , 09 Nov 2011 | | Underground mining contractor AUMS has achieved a remarkable single month advance on a 5m x 5m heading at Randgold's Gara gold mine operation in Mali using a Sandvik jumbo Wednesday , 09 Nov 2011 | | Commercial and military airplanes sent to "graveyards" in the U.S. Southwest contain many thousands of dollars worth of gold, silver and platinum and are significant part of their scrap values. Thursday , 10 Nov 2011 | | China is buying gold as part of a long term strategy to position itself ultimately as the global currency of choice and to the benefit of its citizens who it has encouraged to buy precious metals. Tuesday , 08 Nov 2011 | | Given the current machinations in the global financial system, Deliberations on World Markets Author Ian McAvity believes that another global financial slowdown is inevitable | | 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 | | Randgold CEO, Mark Bristow, talks about the direction of the gold price, cash costs and the group's latest set of quarterly numbers | | |
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HIGHLIGHTS - Further encouraging results from second phase of bioleach testwork on Häggån uranium-nickel-vanadium-molybdenum-zinc deposit
- Trial bench-scale agitation ("tank)" leaching increases uranium extraction to over 90%
- Significant extractions of other valuable metals also achieved: Molybdenum up to 45%
Nickel up to 55%
Zinc up to 90% - Scope for further increasing extractions by using a finer grind size
- Second phase of column testwork about to commence
Aura Energy Ltd (ASX code: ASX) has received further, very encouraging results from tank bioleach testwork on samples from its giant Häggån uranium deposit in central Sweden (inferred resource estimate 631 million pounds U3O8, exploration target 800-1200 million pounds*). For the full release click here: | | | | | | | | | | | | 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 | | | | | | FEATURED
COMPANY | 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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