Thursday, December 15, 2011

MINEWEB.COM'S TOP STORIES: Despite current commodity doldrums, McEwen stands pat on $5,000 gold

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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

 
 

TOP STORIES | Thursday , 15 Dec 2011                                                     

Despite current commodity doldrums, McEwen stands pat on $5,000 gold

Bullish as ever on gold, Rob McEwen foresees a tough road ahead for mining explorationists and mining developers, who fail to take into account the needs of a non-mining investment community.    Thursday , 15 Dec 2011

Antofagasta will develop US$1.3bn Antucoya copper project

The Antucoya copper project has been approved as Antofagasta's newest mine and is set to have Tokyo's Marubeni Corporation as a 30% stakeholder    Thursday , 15 Dec 2011

Silver demand growing with old and new uses

Electronics, solar power, health care and nano-particles, along with more traditional uses, will keep silver a good investment despite latest setback    Thursday , 15 Dec 2011

Major hedge fund making $120M bid for Crocodile Gold

Following on from other gold investments, Luxor Capital Group, a sizeable New York-based hedge fund, is going after Crocodile Gold through a takeover.    Wednesday , 14 Dec 2011

Karnalyte Resources calls off C$115m financing

Citing a regulatory process that was too slow to accommodate a deadline for a bought-deal financing, Karnalyte Resources withdraws plans to raise as much as C$132 million.    Wednesday , 14 Dec 2011

Exxaro pays out R1bn to staff

Unions applauded the move by the SA diversified miner saying, among other things, "If all companies had schemes like Exxaro then we wouldn't need to discuss nationalisation."    Wednesday , 14 Dec 2011

Gold could fall to $1,600 - or even lower! Technical analysis

Gold and silver prices could fall even further in the current environment. Technical analyst Dr. Nu Yu interprets the charts for us.    Wednesday , 14 Dec 2011

Year -end precious metals and mining stock investment: Louis James

Tax selling season is here. Louis James talks to the Gold Report about year-end investment strategies in precious metals and mining stocks.    Wednesday , 14 Dec 2011

Nickel premiums set for 2012 recovery on strong Chinese buying - traders

Some traders and producers say nickel premiums in Europe could see a recovery early 2012 as they expect recently eased bank reserve requirements in China to help spur demand for raw materials.    Thursday , 15 Dec 2011

Jeweller Cheng's HKSE listing paves way for gold in China

Analysts say the listing of jewellery retailer Chow Tai Fook on the Hong Kong Stock Exchange, is an attempt to cash in on China's booming jewellery market in the face of stiffening competition from the West.    Thursday , 15 Dec 2011

S.A's Solidarity, Lonmin sign 2yr wage deal

Trade union Solidarity said Wednesday it had signed a two-year wage deal with platinum miner Lonmin that will see its members get increases of up to 8%.    Thursday , 15 Dec 2011

Fire River resumes work at Alaska mine

The Canadian gold miner resumed operations at its Nixon Fork mine in Alaska on Tuesday night, three days after it suspended operations.    Thursday , 15 Dec 2011

Peabody Energy to raise coal exports from Australian mines

The coal miner has announced plans to increase exports from its Wilpinjong and Millennium mines in Australia in 2012 after expanding both operations.    Thursday , 15 Dec 2011

India's Rajesh Exports eyes more gold imports in 2012

The company plans to increase its gold imports 17% next year to power its renewed thrust in the competitive and fragmented local jewellery market.    Wednesday , 14 Dec 2011

Gold plunges as much as 3.5% on technical selloff

After falling below its 200-day moving average, gold prices slipped significantly on Wednesday on the back of a technical selloff, year-end liquidations and general commodities weakness    Wednesday , 14 Dec 2011

Yesterday's top Story: Silver consolidation to continue as investors rush to cash - Morgan

David Morgan believes that while, longer term, silver prices will continue, we are currently facing a long consolidation phase for the metal.    Tuesday , 13 Dec 2011

PODCASTS / RADIO                                                     

Europe, Central Banks and continued demand for gold ETPs - Nicholas Brooks

ETF Securities' head of Research and Investment Strategy looks at the trends seen currently in the gold ETP market, the impact of Europe and what we might expect in 2012

Iron ore outlook remains positive -RMG

Raw Materials Group CEO, Magnus Ericsson, says the iron ore market remains a long term one and too much focus is placed on the short term effects on the current financial crisis

Availability of mine financing - Wickens

According to Standard Bank's Vaughn Wickens, there is financing available for mines but, companies have to have the basics covered.

 

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).

 

 

 
 

CONFERENCES

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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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