Tuesday, November 8, 2011

MINEWEB.COM'S TOP STORIES: Uranium production not where we would like it to be - Cameco CEO

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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
 

TOP STORIES | Tuesday , 08 Nov 2011                                                     

Uranium production not where we would like it to be - Cameco CEO

Cameco officials characterize the global uranium market as uncertain and expect the uncertainty to continue to the near- and medium term because of impacts from the nuclear crisis in Japan last March.    Tuesday , 08 Nov 2011

The more gold the West sells the more China is buying

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

Coeur on track for 2011 silver forecast lowers gold guidance

Coeur d'Alene Mines reported a record 151.5% increase in metals sales in the first nine months of this year, thanks to increased production and higher precious metals prices.    Tuesday , 08 Nov 2011

Codelco's US copper premiums likely to ease slightly in 2012

Traders remain positive ahead of this week's American Copper Council fall meeting that U.S. benchmark copper premiums will be steady in 2012, hoping that Codelco will not raise its upcharge.    Tuesday , 08 Nov 2011

Broom handle contributed to Meikle gold miners' deaths - MSHA decides

The U.S. Department of Labor's Mine Safety and Health Administration has yet to determine the penalties to be levied on the Barrick Meikle gold mine over the deaths of two miners in August 2010.    Tuesday , 08 Nov 2011

Bulk of MF Global UK positions still open

A week after MF Global filed for bankruptcy protection, about two-thirds of positions from the company's UK unit were still open on Monday, sparking concerns about delays in moving business to new brokers and dampening volumes in metals trading.    Tuesday , 08 Nov 2011

Massive increases in Q3 gold miner profits but no re-rating yet

As gold companies continue to announce strong results from this round of quarterly earnings, dividends continue to be a hot button topic for analysts    Monday , 07 Nov 2011

The big debate: gold equities or bullion?

Many investors are struggling to decide whether gold bullion or equities provide the best route through which to navigate the current global financial storm, for Julian Phillips, the answer isn't a simple one    Monday , 07 Nov 2011

Gold, a Hedge Against the Financial Predators

For David Levenstein, the yellow metal is the only protection one can get against the chaos and corruption that is running rampant in the global financial system    Tuesday , 08 Nov 2011

China's Zijin to buy $181mn of gold mine assets

The Chinese miner issued a statement Tuesday saying that it will acquire Long Province Resources which owns gold mine assets in the Gansu province for $181.07 million.    Tuesday , 08 Nov 2011

Thompson Creek posts lower Q3 profit

The molybdenum miner, posted a decline in adjusted profit in the third quarter as output fell and a non-cash foreign exchange loss hit earnings.    Tuesday , 08 Nov 2011

Minefinders posts lower-than-expected Q3 results

The miner posted a net loss of $1.2m for the quarter ended September, which was below market estimates as gold and silver production was hit by cyanide supply issues.    Tuesday , 08 Nov 2011

Australian Senate signs carbon tax into law

Tuesday's vote in Australia's upper house Senate makes the country the second major economy behind the EU to pass carbon-limiting legislation that will be felt right across the breadth of the economy.    Tuesday , 08 Nov 2011

Platmin recovers from 2010 loss, sees Q3 profit

In a swing from the $26 million loss reported in the September quarter last year, platinum group metal miner Platmin achieved a $7.5 million profit for the three months to end September 2011 on the back of first platinum sales.    Monday , 07 Nov 2011

German gold reserves must remain untouchable - Minister

Germany's Economy Minister Philipp Roesler has responded to recent media reports that the G20 summit at Cannes discussed using reserves to boost euro zone bailout funds by saying the country's gold reserves must remain untouchable.    Monday , 07 Nov 2011

Sandvik to buy remainder of subsidiary Seco Tools

The Swedish firm announced on Monday a public offer worth 6.2 billion Swedish crowns to buy all remaining shares of its subsidiary Seco Tools, one of the world's largest manufacturers of innovative metal-cutting tools.    Monday , 07 Nov 2011

Amplats to transfer 2.33% to communities in a R3.5bn deal

South Africa's platinum miner Amplats has announced plans to transfer 2.33% of the group to communities where it operates in a R3.5 billion transaction, with potential equity ownership expected in 10 years' time.    Monday , 07 Nov 2011

Successful SAG mill design tests for Magino gold project

Prodigy Gold has been conducting SAG mill design tests for its Magino gold project in Ontario, Canada ahead of a new PEA.    Monday , 07 Nov 2011

Yesterday's Top Story: 30% year on year price growth for gold as economic instability continues

The latest economic news out of the Eurozone is hardly conducive to light at the end of the global economic imbroglio and thus gold and silver would seem likely to continue a steady upwards path overall    Monday , 07 Nov 2011

PODCASTS / RADIO                                                     

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

Gold prices, cash costs and Randgold quarterlies - Mark Bristow

Randgold CEO, Mark Bristow, talks about the direction of the gold price, cash costs and the group's latest set of quarterly numbers

Harmony's Quarterly earnings, dividends and Wafi Golpu - Graham Briggs

A look at Harmony Gold's quarterly numbers, the group's dividend plans and Wafi Golpu which, Briggs says, is going to be rather reminiscent of Freeport's Grasberg mine

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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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