Wednesday, December 7, 2011

MINEWEB.COM'S TOP STORIES: Alpha Resources will pay $220mn in Upper Big Branch Mine Disaster

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These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com

 

FEATURED PODCAST                                                     

Gold's stabilising role and the week that hopefully was in Europe - Davies

Hinde Capital CEO, Ben Davies, looks at the changing nature of gold's monetary role, the potential outcomes of this week's Eurozone summit and the importance of the internet
 

TOP STORIES | Wednesday , 07 Dec 2011                                                     

Alpha Resources will pay $220mn in Upper Big Branch Mine Disaster

One of the largest payouts ever for workplace safety crimes for one of the largest modern U.S. mining disasters is aimed at preventing future U.S. coal mining fatalities.    Wednesday , 07 Dec 2011

Painful exploration will have to lead to creativity

According to MEG CEO, Michael Chender, the time for innovation in the exploration space could well come out of the pain that can be seen ahead    Wednesday , 07 Dec 2011

Poland's KGHM makes all-cash US$2.84bn offer for Canada's Quadra FNX

The friendly all-cash bid by Poland's KGHM for Vancouver's Quadra FNX Mining could generate other offers from Brazil's Vale or the UK's Antofagasta, mining analysts are speculating.    Wednesday , 07 Dec 2011

How gold is 'fixed' and what drives the real price

An analysis of how the gold price is determined at the London Fix and on COMEX and which is the more significant in driving the gold price.    Tuesday , 06 Dec 2011

Then and now: NovaGold's Donlin Creek project 2009 vs. 2011

There is higher cost but also tantalizing dollar making power in a new NovaGold feasibility study of its Donlin Creek gold project in Alaska.    Tuesday , 06 Dec 2011

We could be in early days of super bull market for gold stocks - Jay Taylor

Jay Taylor believes the biggest challenge facing the U.S.-deflation-could mean a better year, or even decade, for junior gold stocks. Interview with The Gold Report.    Wednesday , 07 Dec 2011

Avion cuts solid gold grades in West Africa

In pursuit of a new resource estimate Avion Gold is hitting high-grade gold over long intercept widths on its Kofi project in Mali.    Tuesday , 06 Dec 2011

Mining companies should not ignore resource nationalism trends

Resource nationalism has become perhaps the most pressing concern nowadays for mining companies and they should be more sensitive in their approach to dealing with developing nations' governments.    Wednesday , 07 Dec 2011

European Goldfields approached by suitors

Shares in the miner rose 22% on Tuesday after announcing it had received preliminary approaches from third parties about a potential takeover.    Wednesday , 07 Dec 2011

E&Y sees better things ahead for junior miners

With the mining major's having reduced debt substantially over the past three years, more equity finance is now finding its way into the junior mining sector giving it a welcome boost.    Wednesday , 07 Dec 2011

Mineral, metal scarcity to worsen in 5 yrs - PwC

The automotive, chemicals and energy industries are likely to be hit hardest as the scarcity of metals and minerals becomes more severe, according to a global survey of company executives.    Wednesday , 07 Dec 2011

Vale's damaged ore carrier towed; shipments resumed

The massive Vale Beijing was towed from the Ponta da Madeira port in northeastern Brazil for repairs on Tuesday, allowing the miner to resume iron ore shipments.    Wednesday , 07 Dec 2011

Peru's police detain Newmont mine protest leaders

Two leaders of protests that have stalled Newmont Mining's Conga mine project in Peru were detained on Tuesday by counterterrorism police.    Wednesday , 07 Dec 2011

Yesterday's Top Story: Sprott frustrated with hostage-taking paper silver market

Sprott Asset Management CEO, Eric Sprott says silver producers are being held hostage by the paper silver market and something should be done.    Tuesday , 06 Dec 2011

PODCASTS / RADIO                                                     

China's changing role and the need for new exploration models - Chender

Metals Economics Group CEO, Michael Chender looks at the long term need for new copper ounces and the hurdles companies face in finding new ounces.

Silver producers being held hostage - Sprott

Sprott Asset management, CEO, Eric Sprott says that silver producers are being hurt by the volatility in the paper silver market and need to help ensure that the physical market rules the price

Gold, Europe and the possibility of a euro break up

Investment consultant, Rick Schmull looks at the likelihood of a Eurozone break up and what that might mean for commodities

 

Islamic republic of Afghanistan ministry of mines mineral tenders request for expressions of interest

 

The Government of the Islamic Republic of Afghanistan, through the Ministry of Mines, has announced the opening of tender processes for the exploration and, subject to the satisfaction of certain conditions, the subsequent exploitation of each of the following mineral prospects:

 

Project

Province

Mineral type

Deposit type

Exploration Licence Area(s)

Badakhshan

Badakhshan

Gold

Quartz-vein

4 x 250km2

Zarkashan

Ghazni

Copper-gold

Skarn

2 x 242km2

Balkhab

Sar-I-Pul and Balkh

Copper

VMS

210 and 247km2

Shaida

Herat

Copper

Porphyry

250km2

 

The full Request for Expressions of Interest and further information is available on the Ministry of Mines website (www.mom.gov.af).

 

 

 

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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

Africa

Christy Filen, Johannesburg


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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