Wednesday, August 31, 2011

MINEWEB.COM'S TOP STORIES: Corruption, Murder, Sex - and other tales of a Mexican barite mine

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FEATURED PODCAST                                                     

Fiscal policy, and the end of gold's correction - Murenbeeld

Dundee Wealth Economics cheif economist, Martin Murenbeeld, takes a look at the possibility of a bank collapse in Europe, fiscal policy going forward and why a return to a gold standard is unlikely
 

TOP STORIES | Wednesday , 31 Aug 2011                                                     

Corruption, Murder, Sex - and other tales of a Mexican barite mine

Did a Calgary mining company subsidiary bribe a Mexican mayor, then seek congressional intervention when the official's demands became too outrageous? The RCMP is investigating.    Wednesday , 31 Aug 2011

Why cobalt is the king of critical metals

According to Aheadoftheherd editor, Rick Mills, while few follow cobalt, its importance in many cutting edge technologies and the supply difficulties faced make it a very critical metal. A Critical Metals Report interview    Wednesday , 31 Aug 2011

Drilling proves fruitful for Lake Shore near Timmins mine

Lake Shore stock has taken a hammering of late on lacklustre gold production, but got a bit of a bounce on news of 'decent' drilling results.    Wednesday , 31 Aug 2011

Gold's popularity growing, but what does that mean for demand?

According to a recent Gallup poll, one in three Americans view gold as the best long-term investment, but the numbers would suggest that very few of them are actually invested in the yellow metal    Wednesday , 31 Aug 2011

Gold's price surge draws prospectors, thieves and hopefuls from the woodwork

With gold now fetching over $1,800 an ounce, many people are looking to cash in on the jump, selling off jewellery and scouring rivers in the hopes of a payout. But, theft is also on the rise    Wednesday , 31 Aug 2011

Two coal miners refuse to hand over safety information - MSHA

According to the Department of Labor's Mine Safety and Health Administration, two coal companies have refused to provide them with accident and injury information    Wednesday , 31 Aug 2011

POSCO to expand domestic nickel production capacity

Mega-steel producer POSCO said it is securing increased nickel production to ease the impact of the metal's volatility in global markets.    Wednesday , 31 Aug 2011

NA Tungsten ekes out rare profit

It was a good quarter for North American Tungsten: in the black with solid tungsten production and improved recoveries.    Tuesday , 30 Aug 2011

Gold leaf to the rescue in India as high prices keep investors at bay

The hefty jump in the price of the yellow metal has kept many investors at bay, but traders are innovating by launching half gram gold coins and a gold leaf to bring back fleeing customers.    Tuesday , 30 Aug 2011

Tata Steel to up China investment

The Indian steelmaker plans to raise investment in China by around 5% by early 2012, as it seeks to maintain market share and export more products from its Chinese mills to Europe and Japan.    Tuesday , 30 Aug 2011

SA mine nationalisation debate hurting investment

An advisor to SA's mines minister, Susan Shabangu, speaking on the sidelines of a conference, said while the debate aroudn the issue was hurting investment, the policy will be made clear by mid 2012    Wednesday , 31 Aug 2011

Vale, Petrobas in talks over fertilizer assets

According to the companies, discussions about a potential operation involving Vale's nitrogenous assets are ongoing but, no binding agreement has yet been reached    Wednesday , 31 Aug 2011

African Rainbow Minerals announces jump in FY headline earnings

The diversified miner said it expects prices to remain robust over the medium term as demand continues to grow in emerging economies like India and China    Wednesday , 31 Aug 2011

Gold jumps 2.2% as outlook remains "sufficiently uncertain"

Gold Leaps as the market "Questions Upside for Gold", while Finnish demand "puts entire Greek rescue at stake"    Tuesday , 30 Aug 2011

Implats halts work at Rustenburg shaft project after fatality

According to the National Union of Mineworkers a contractor from Murray & Roberts died after being struck by a rock at the shaft    Tuesday , 30 Aug 2011

ECB Gold reserves drop by 4m euros for week ending August 26

According to data from the European Central Bank, the gold holdings declined as a result of the sale of gold by one central bank under the auspices of CBGA and gold coin trading by another    Tuesday , 30 Aug 2011

Yesterday's Top Story: Northgate dumps Primero Mining in favor of C$1.46b AuRico Gold deal

Northgate's new CEO, Ritch Hall, says a deal with AuRico Gold "gives Northgate shareholders a significant premium to market" and the opportunity to be "a leading intermediate gold company."    Tuesday , 30 Aug 2011

PODCASTS / RADIO                                                     

The danger of financialisation and substitution in the copper market - Simon Hunt

A look at how the copper market is placed given the likelihood of a return to recession in the West and concerns around inflation in China

Gold to move higher within the next 12 months but a correction won't go amiss - Embry

Sprott Asset Management's John Embry wouldn't be surprised to see gold at $2,500 per ounce within the next 12 months but says he would prefer to see some kind of correction first

Chinese growth, inflation and the implications for commodity prices

The Beijing Axis MD ,Kobus van der Wath, talks us through the implications of the latest set of Chinese inflation numbers in light of the crises in Europe and the US and what it means for commodities

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

CONFERENCES

Denver Gold Forum 2011
Date: 18 September 2011 - 21 September 2011
Venue: Broadmoor Hotel & Resort, Colorado Springs, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More

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COMPANY

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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

Editor in Chief

Alec Hogg, Mooi River, SA

 

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Tuesday, August 30, 2011

MINEWEB.COM'S TOP STORIES: Northgate dumps Primero Mining in favor of C$1.46b AuRico Gold deal

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FEATURED PODCAST                                                     

The danger of financialisation and substitution in the copper market - Simon Hunt

A look at how the copper market is placed given the likelihood of a return to recession in the West and concerns around inflation in China
 

TOP STORIES | Tuesday , 30 Aug 2011                                                     

Northgate dumps Primero Mining in favor of C$1.46b AuRico Gold deal

Northgate's new CEO, Ritch Hall, says a deal with AuRico Gold "gives Northgate shareholders a significant premium to market" and the opportunity to be "a leading intermediate gold company."    Tuesday , 30 Aug 2011

Macarthur accepts sweetened Peabody/ArcelorMittal bid

After fending off four takeover bids in three years and opening its books to potential suitors, the Australian coal miner has been won over by an improved offer from Peabody Energy and ArcelorMittal.    Tuesday , 30 Aug 2011

22 Chinese miners rescued after 7 days trapped underground

The search continues for three missing coal miners trapped underground in Heilongjiang Province, as 22 miners have been rescued and one body recovered.    Tuesday , 30 Aug 2011

Newmont hoping to give NZ's Waihi gold mine a new lease on life

The Newmont-operated miner has plans to extend mining in the region with an underground operation at the Martha mine and further work at the Correnso discovery    Tuesday , 30 Aug 2011

Trelawney expects 4 million ounce gold deposit to grow on step-out drilling

Trelawney Mining and Exploration hit some lengthy gold intercepts at Cote Lake, where it hopes to add ounces in the ground in a forthcoming resource update.    Monday , 29 Aug 2011

Hathor rejects Cameco offer, could holdout for more, analysts suggest

Hathor told shareholders Cameco's bid was "opportunistic", while analysts suggest Cameco - or someone else - could pay more for the uranium junior.    Tuesday , 30 Aug 2011

Japan net gold exports hit 6.1 tonnes in July

With shipments at a net 49 tonnes in the first seven months of 2011, analysts say it is increasingly likely that net exports of bullion from the country will top last year's record 78 tonne net outflow    Tuesday , 30 Aug 2011

Peru considering two different royalty scales - sources

Sources from Peru's government and mining sector said Monday the country is considering implementing at least two different rate scales in a bid to push through a new royalty payment system.    Tuesday , 30 Aug 2011

De Beers expects SA unit to produce 6.4m carats in 2011

According to De Beers Consolidated Mines CEO, Phillip Barton, the group's SA operations will produce 1m fewer carats than in 2010 as a result of mine disposals but he remains bullish on exploration in the country    Tuesday , 30 Aug 2011

Optimum Coal says Glencore unit now has 14.1% stake

The South African coal miner said Monday that a unit of the world's largest commodities trader had, as of Friday, a beneficial interest of 14.1% in Optimum    Tuesday , 30 Aug 2011

BHP Billiton, Colombia settle royalty dispute

According to Colombia's mining minister the two parties have settled a dispute over royalties that now clears the way for the renewal of BHP's contract to operate the Cerro Matoso nickel mine    Tuesday , 30 Aug 2011

New wave of Chinese gold bugs emerge as prices surge

Rather than subduing investor interest in the precious metal, record prices have seen a new wave Chinese investors getting into the gold market    Monday , 29 Aug 2011

Yesterday's Top Story: How to pick gold stocks - Holmes

As the valuation gap between bullion and gold stocks grows, making miners of the yellow metal increasingly attractive, US Global's Frank Holmes suggests all miners aren't created equal    Monday , 29 Aug 2011

PODCASTS / RADIO                                                     

Gold to move higher within the next 12 months but a correction won't go amiss - Embry

Sprott Asset Management's John Embry wouldn't be surprised to see gold at $2,500 per ounce within the next 12 months but says he would prefer to see some kind of correction first

Chinese growth, inflation and the implications for commodity prices

The Beijing Axis MD ,Kobus van der Wath, talks us through the implications of the latest set of Chinese inflation numbers in light of the crises in Europe and the US and what it means for commodities

Gold prices to average $1,600 in Q4 as investor demand slips - Westmore

Gold is curerntly pricing in a good probability of a further global recession but, if this doesn't happen then demand by investors is likely to be pared in the second half of the year says National Australia Bank's Ben Westmore

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

CONFERENCES

Denver Gold Forum 2011
Date: 18 September 2011 - 21 September 2011
Venue: Broadmoor Hotel & Resort, Colorado Springs, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More

FEATURED
COMPANY

View more featured mining companies

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen
Rhona O'Connell, London

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

Editor in Chief

Alec Hogg, Mooi River, SA

 

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Monday, August 29, 2011

MINEWEB.COM'S TOP STORIES: U.S. exchanges will trade Monday despite Hurricane Irene flooding, damage

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TOP STORIES | Monday , 29 Aug 2011                                                     

U.S. exchanges will trade Monday despite Hurricane Irene flooding, damage

Twenty-three people were killed in eight states as Hurricane Irene left more than 4 million people without power Sunday and massive record flooding continues. Clean up is expected to take weeks.    Monday , 29 Aug 2011

Peru's mines ministry reports July gold output up, silver, copper, zinc yield down

Cumulative production for the first seven months of 2011 rose substantially for iron ore as output of nearly every other major metal declined Peru's Ministry of Energy & Mines reports.    Monday , 29 Aug 2011

OceanaGold aspires to produce 600,000 oz annually from 2016

New Zealand's largest gold producer is hoping, through organic growth from its operations in New Zealand and its exploration holdings in the Philippines, to produce 600,000 ounces per year by 2016    Monday , 29 Aug 2011

How to pick gold stocks - Holmes

As the valuation gap between bullion and gold stocks grows, making miners of the yellow metal increasingly attractive, US Global's Frank Holmes suggests all miners aren't created equal    Monday , 29 Aug 2011

Market looks strong but NZ must "showcase" its potential

To make mining more relevant to the New Zealand economy, the country needs to lift national exploration for minerals to about NZ$100 million per annum, according to Tony Haworth.    Monday , 29 Aug 2011

Gold, silver stocks present great opportunities – Chen Lin

For investors with long-term vision, gold and silver stocks offer significant opportunities, Chen Lin says, because a good time to buy is when everyone else is selling. A Gold Report Interview    Sunday , 28 Aug 2011

A lack of skills and resource nationalism remain the mining sector's two biggest risks

The sector faces a challenging future as the baby boomer generation heads into retirement and countries look to take more and more from miners in the form of royalties and taxes.    Saturday , 27 Aug 2011

Trelawney sweetens Augen offer, gets post-resignation board support

Augen Gold and Trelawney Mining and Exploration announced they signed a support agreement on a revised takeover bid from the latter just hours after Augen said its president and CEO had resigned.    Saturday , 27 Aug 2011

Gold: Is a deep correction due?

If judged by the criteria of six years ago, Julian Phillips argues, then one could argue that it should be time to sell but, change has come to the gold market and things are not what they were.    Friday , 26 Aug 2011

Accept C$520M bid for Hathor to avoid 'risky venture' - Cameco's Gitzel argues

Uranium major Cameco launched an unfriendly takeover bid for Hathor Exploration, a junior with a sweet uranium deposit in Saskatchewan.    Friday , 26 Aug 2011

Gold production in China set to climb over 10%

While China's demand for gold is expected to surge to around 25% of global production, the world's largest producer is also ensuring a huge domestic stockpile of the precious metal.    Friday , 26 Aug 2011

Coal mines in India, China face closure

While industrial growth in China and India has led to an insatiable quest for resources, companies from the two countries face increasingly tough environmental considerations and diminishing resources    Friday , 26 Aug 2011

DRDGold announces FY headline earnings more than doubled

The South African gold miner said higher output and surging gold prices helped it increase headline earnings 115% to 28c per share over the year to June    Monday , 29 Aug 2011

Mexican coal mine collapse kills four

According to a senior government official, four miners were killed on Friday when a coal mine in the country's northern state of Coahuila collapsed.    Monday , 29 Aug 2011

Australian gold production jumps 10% in 2011/2012 financial year

A bid to extract as much value as possible from record high gold prices pushed the industry to boost gold production by 24 tonnes to 270 tonnes for the 2011/2012 financial year    Monday , 29 Aug 2011

Tiger Realm Coal slips on volatile debut

The Australian coal explorer that listed on Monday had a choppy first day, rising 20% before falling as much as 13% below its issue price    Monday , 29 Aug 2011

Credit Suisse completes first coking coal swap transaction

The investment bank said Monday the transaction involved 60,000 tonnes of the steel-making ingredient and was completed using a new over the counter system cleared by the CME Group    Monday , 29 Aug 2011

Weekend Top Story: Mining's 'supercycle' stalled as new project pickings get slimmer-Doug Silver

International Royalty Corp. founder, Doug Silver, now a portfolio manager, worries that the central banks of countries such as Venezuela, may choose to sell their gold during this time of record prices.    Friday , 26 Aug 2011

PODCASTS / RADIO                                                     

Gold to move higher within the next 12 months but a correction won't go amiss - Embry

Sprott Asset Management's John Embry wouldn't be surprised to see gold at $2,500 per ounce within the next 12 months but says he would prefer to see some kind of correction first

Chinese growth, inflation and the implications for commodity prices

The Beijing Axis MD ,Kobus van der Wath, talks us through the implications of the latest set of Chinese inflation numbers in light of the crises in Europe and the US and what it means for commodities

Gold prices to average $1,600 in Q4 as investor demand slips - Westmore

Gold is curerntly pricing in a good probability of a further global recession but, if this doesn't happen then demand by investors is likely to be pared in the second half of the year says National Australia Bank's Ben Westmore

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

CONFERENCES

Denver Gold Forum 2011
Date: 18 September 2011 - 21 September 2011
Venue: Broadmoor Hotel & Resort, Colorado Springs, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More

FEATURED
COMPANY

View more featured mining companies

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen
Rhona O'Connell, London

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

Editor in Chief

Alec Hogg, Mooi River, SA

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2010 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise