Friday, January 20, 2012

MINEWEB.COM'S TOP STORIES: Despite record 2011 earnings, Grasberg, Cerro Verde strikes hit FCX 4Q profits

Mineweb logo
 

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                                                     

Overcapacity, politics and the global steel sector - Mike Elliott

A look at the Ernst & Young's 2012 outlook for the global steel sector and how it can weather a self-created storm of overcapacity
 

TOP STORIES | Friday , 20 Jan 2012                                                     

Grasberg, Cerro Verde strikes hit Freeport 4Q profits

Freeport-McMoRan Copper & Gold said it was taking steps to restore full operations at Grasberg, although no update was provided Thursday on the force majeure declaration now in place.    Friday , 20 Jan 2012

Boost for gold mining as Argentina's Rio Negro Province repeals cyanide ban

Pan American Silver says changing to mining legislation in the Rio Negro Province will allow the company to advance its Calcatreu gold development project.    Friday , 20 Jan 2012

Last chance saloon - enter Mineweb's gold price competition now!

Mineweb's 2012 Gold Price Prediction Competion will close very shortly. last chance to get your forecasts in and see who is this year's gold guru!    Thursday , 19 Jan 2012

Crazy Horse ratchets up economics on porphyry project with met-test sweetener

On the back of new metallurgical testing Crazy Horse says a magnetite credit will contribute a whole lot more to its Taysan copper-gold project.    Thursday , 19 Jan 2012

Silver Predator hits high-grade silver in Yukon

A couple of intercepts border on bonanza grade for Silver Predator in drilling results from the Plata project.    Thursday , 19 Jan 2012

Bearish on industrial metals, bullish on gold, oil - Sprott

Eric Sprott, said Thursday he is nervous of cyclical commodities because of the economic contraction that "everyone is talking about. But, remains positive on precious metals and oil.    Thursday , 19 Jan 2012

Cluff Gold makes 'significant' find at Cote d'Ivoire mine

The miner reports that it has encountered significant sulphide deposits at its Yaoure project and hopes to increase the mine's existing indicated resources of 123,000 ounces this year.    Thursday , 19 Jan 2012

JPMorgan alone in raising Q4 commodity risk exposure

JP Morgan was the only major U.S. bank to sharply raise its commodity trading risks in Q4 2011, but based on their commodity price predictions, analysts reckon other banks will follow JPMorgan's lead this year.    Friday , 20 Jan 2012

Gold price to break above $2,000/oz in 2012 - Polymetal

CEO, Vitaly Nesis, believes the gold price will break above $2,000 an ounce later this year around the time of U.S. presidential elections, while its own output is set to rise after a flat 2011.    Friday , 20 Jan 2012

ThyssenKrupp considers $12bn in Brazil, Alabama steel plants sales

Citing company sources, German monthly Manager Magazin reported on Thursday that the steel group is looking into selling its $12 billion steel plants in Brazil and the U.S. state of Alabama.    Friday , 20 Jan 2012

La Mancha targets higher gold production in 2012

La Mancha, which operates gold mines in Africa and Australia, is eyeing higher gold production this year, particularly from its Ity Mine in the Ivory Coast.    Friday , 20 Jan 2012

Norilsk Nickel to reduce production in 2012

The miner is expecting to reduce production this year to adapt to a slight fall in global metals demand, but does not see a slump into another global economic crisis.    Friday , 20 Jan 2012

ArcelorMittal delays Sestao steel plant restart

The steelmaker has announced plans to extend the closure of its Sestao steel plant in Spain as it does not expect southern European steel demand to improve in the near future.    Friday , 20 Jan 2012

Yesterday's Top Story: Presidential Candidate Newt Gingrich calls for U.S. Gold Commission

Two GOP Presidential candidates, former Speaker Newt Gingrich and Rep. Ron Paul, say the U.S. should reconsider a return to a gold standard.    Thursday , 19 Jan 2012

PODCASTS / RADIO                                                     

GFMS Gold Survey Update 2 - Philip Newman

Thomson Reuters GFMS's Philip Newman looks at some of the standout trends from 2011 and why the consultancy thinks we could see a drop off in prices in 2013

China's role in base metal markets - Macquarie

Macquarie's Duncan Hobbs looks at the likely impact of China's growth outlook on base metals demand.

Dividends, porphyry and the changing nature of gold stocks - Coffin

HRA's Eric Coffin speaks about the normalisation of the gold sector, the stigma of copper and why cash burn is likely to be an issue this year.

 

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

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

View more featured mining companies

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

 

   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

No comments:

Post a Comment