Monday, January 9, 2012

MINEWEB.COM'S TOP STORIES: Forecasts for gold still very positive for 2012, but volatility seen too

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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                                                     

Politics, printing money and gold in 2012 - Grant Williams

A look at some of the major potential talking points for 2012, from the US election to oil in the Middle East and how these could affect gold
 

TOP STORIES | Monday , 09 Jan 2012                                                     

Forecasts for gold still very positive for 2012, but volatility seen too

Top bank and financial analysts see gold outperforming equities and other metals in 2012 as economic and political turmoil continues, but not without some major ups and downs.    Monday , 09 Jan 2012

Millions of acres in the balance as Sage-Grouse scoping meetings start

Exploration and mining on up to 47 million acres of public lands may be impacted by the BLM's decision to develop a national plan to restore sagebrush habitat for Greater Sage-Grouse in 10 western states.    Monday , 09 Jan 2012

The end of an era for De Beers

In an unsurprising result, 99.94% of shareholders voted in favour of Anglo American's $5.1bn acquisition of De Beers, the miner hopes to conclude the deal in the second half of 2012.    Friday , 06 Jan 2012

Salazar to make Grand Canyon region 20-yr. mining ban permanent

Interior Secretary Ken Salazar is expected to announce Monday the imposition of a permanent 20-year ban on new mining claims on public lands surround the Grand Canyon National Park.    Monday , 09 Jan 2012

Trevali to hit commercial zinc production by Q2

In the midst of mine ramp-up, Mark Cruise, Trevali Mining president, says cash should start flowing from commercial operations in the second quarter this year.    Saturday , 07 Jan 2012

Silvercrest estimates 100m silver-equivalent ounces at La Joya

It is the first resource estimate for La Joya by Silvercrest Mines and it puts contained metal at 51 million ounces silver, 333,400 ounces gold, 270 million pounds copper.    Friday , 06 Jan 2012

Zimplats ordered to settle $28.3mn royalties bill - paper

State-owned Herald newspaper says the Zimbabwe Revenue Authority has ordered Zimplats to pay $28.3 million in outstanding royalty payments, which the platinum miner is disputing.    Monday , 09 Jan 2012

U.S. funds vs gold and silver - not a pretty picture

So how did the 7,500 US mutual funds stack up vs. gold and silver since 2007? - Not very well! Adrian Ash crunches the figures in a follow-up to his UK Fund comparison.    Saturday , 07 Jan 2012

Belarus's gold/forex reserves rise to $7.9bn

After Belarus's reserves were depleted last year owing to a severe financial crisis, its gold and foreign exchange reserves rose over the New Year to $7.9 billion, the central bank said Friday.    Friday , 06 Jan 2012

Tanzania police prevent robbery attempt at AngloGold's mine

A group of heavily armed men attempted to grab 587 kg of gold bars from a plane at an airstrip near AngloGold Ashanti's Geita mine, the country's police reported.    Friday , 06 Jan 2012

Weekend Top Story: HSBC, Barclays cut 2012 gold price forecast

The two banks have lowered their gold price forecasts for this year by more than $100/ounce but both still maintain their bullish view of the yellow metal.    Friday , 06 Jan 2012

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

 

Auriga Gold Corp. (TSX-V, "AIA") ("Auriga Gold" or the "Company") is pleased to report that it has received a positive Updated Preliminary Economic Assessment ("PEA") for a proposed open pit and underground mining and milling operation at its wholly-owned Maverick Gold Project located 65 km northeast of Flin Flon, Manitoba. The combined open pit and underground mine plan and on-site processing rate were selected to improve the economics of the project.

The proposed operation includes the open pit mining of 530,000 tonnes of potentially economic mineralization; the dewatering of the historic Puffy Lake underground gold mine; and test stoping followed by underground mining. The existing Puffy Lake mill would be refurbished as part of the program. The PEA was conducted by ACA Howe International Limited (Howe) based on the mineral resource estimate (see August 4, 2011 news release) prepared by P&E Mining Consultants Inc. Currencies reported below are in Canadian dollars unless otherwise specified.

For 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

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

 

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