Wednesday, January 4, 2012

MINEWEB.COM'S TOP STORIES: Cameco achieves key milestone at Cigar Lake

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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 | Wednesday , 04 Jan 2012                                                     

Cameco achieves key milestone at Cigar Lake

With the second shaft now reaching the mine, Cameco CEO Tim Gitzel forecast Cigar Lake full mine development and construction will resume this year with a planned mining date of mid-2013.    Wednesday , 04 Jan 2012

Indian gold purchases collapse in Nov, Dec

Gold imports by India plunged 55% in December 2011 and 75% in November 2011; traders say reduced purchases by consumers during Q1 2012 could further weaken gold prices.    Tuesday , 03 Jan 2012

Peru's gold output tumbles 12.22%, silver down a tad in November

Peru's Ministry of Energy and Mines reported gold, silver, lead, tin and zinc production all weakened in November 2011.    Wednesday , 04 Jan 2012

Top banks likely to block LME sale - sources

Senior industry sources say top bank stakeholders of the LME could amass enough support to block a sale they fear would bring a more heavily regulated owner.    Wednesday , 04 Jan 2012

Baja Mining eyes $1bn manganese upside at Boleo

Baja Mining takes a step closer to making manganese a major production stream at its Boleo copper-zinc-cobalt project project in Mexico.    Wednesday , 04 Jan 2012

Rare earths fundamentals looking less dire: Hykawy

China's tight grip on rare earth elements supply may loosen. Jon Hykawy, discusses the supply and demand fundamentals. Critical Metals Report    Wednesday , 04 Jan 2012

Castle Peak cuts high grade gold in Ghana

The final hole of its phase I program has kicked up some tempting gold grades for Castle Peak Mining on its properties in Ghana.    Tuesday , 03 Jan 2012

Anglo Rebuffs Codelco once again

An ever lengthier legal battle looms, as Anglo American reiterates its stance that Codelco's attempt to enforce an option over its S. Chile operations is unenforceable.    Tuesday , 03 Jan 2012

Australia's mine tax plan could be hurt if iron ore prices drop -BDO

Accounting firm, BDO, has warned that Australia's mining profits tax could raise less than the A$11 billion the ruling Labor Party promised it would if iron ore prices return to November levels.    Wednesday , 04 Jan 2012

Canada's Timminco files for creditor protection

The silicon producer has filed for creditor protection after it failed to secure funding and a slump in the market hit the restart of its commercial solar-grade silicon production.    Wednesday , 04 Jan 2012

India's iron ore exports seen at 75% lower after tax rise

Industry traders reckon India's iron ore exports are likely to be 75% lower than previously expected in the quarter ending in March as a rise in export duties kicks in.    Tuesday , 03 Jan 2012

Grasberg miners head back to work after 3-mth strike

Union members at Freeport McMoRan's Grasberg copper mine in Indonesia headed back to work on Tuesday, ending a three-month wage dispute that shook labour relations in the country.    Tuesday , 03 Jan 2012

Mineweb's Gold Guru for 2011 - Price prediction competition results

Gold price prediction can be a bit of a lottery, but Mineweb readers overall do pretty well in our annual gold price competition. Results of the 2011 competition and entry form for 2012.    Tuesday , 03 Jan 2012

Yesterday's Top Story: Gold confiscation- could it become a reality?

There is increasing worry that The U.S. and other governments may confiscate citizens' gold holdings and use them to help mitigate the Global Financial Crisis. Julian Phillips discusses.    Saturday , 31 Dec 2011

PODCASTS / RADIO                                                     

How the gold market is placed going into 2012 - Adrian Day

Adrian Day examines some of the trends that impacted the gold market in 2011 and looks at how the market is positioned as we head into 2012

The changing nature of long-term gold investment - Christensen

ASA's David Christensen provides a view on how to invest in commodities over the very long term and gives gold's recent moves a longer term context

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

 

Castle Peak reports final 2011 phase I drill results for Apankrah, files NI 43-101 technical report for Asuogya concession

Castle Peak Mining Ltd. (‘Castle Peak' or the ‘Company', TSX.V: CAP) reports the final drill results for the 2011 Phase I drill evaluation program completed on December 20, 2011. The final hole of the Phase I program returned 16 metres (‘m') of 3.3 grams per tonne (‘g/t') gold (‘Au') from the Apankrah target on the Nkwanta concession. This hole was a follow-up on NKDDH010 intercept of 7.5m of 7.2 g/t Au from the Apankrah target.  The final three holes from the seven hole Dansuom target on the POW concession, from which Castle Peak demobilized early due to road safety issues, returned 14m of 0.5 g/t Au from POWDDH005, 17.8m of 0.3 g/t Au from POWDDH006 and 1.5m of 1.8 g/t Au from POWDDH007. Additionally, Castle Peak files a NI 43-101 compliant Technical Report from SRK Exploration Ltd (‘SRK'), covering the Asuogya concession. For the full release click here

 

CONFERENCES

Vancouver Resource Investment Conference
Date: 22 January 2012 - 23 January 2012
Venue: Vancouver Convention Centre, Canada
Event will feature world class speakers, covering all types of direct investment in resource companies, speculative investing, resource exploration, oil & gas, green technology and clean energy, world outlook, investment strategies and more. Mineweb's Jan Chadwick, Kip Keen, will be in attendance. Read More
Mineral Exploration Roundup 2012
Date: 23 January 2012 - 26 January 2012
Venue: Westin Bayshore Hotel, Vancouver, Canada
Major mineral exploration conference and exhibition held annually in Vancouver. Mineweb's Kip Keen and Jan Chadwick are planning to attend. Read More
Mining Indaba 2012
Date: 06 February 2012 - 09 February 2012
Venue: Cape Town International Convention Centre
Africa's biggest mining and mining investment conference and exhibition held annually in Cape Town. Mineweb will be exhibiting and covering the event. Read More

FEATURED
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

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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