Tuesday, January 10, 2012

MINEWEB.COM'S TOP STORIES: Grand Canyon million-acre new mining claim withdrawal in effect

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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                                                     

Copper demand, Chinese growth and the platinum:gold ratio

Nic Brown looks at how China's new 5-year plan is likely to impact base metals markets, why copper should end the year in deficit and why platinum is so much cheaper than gold.
 

TOP STORIES | Tuesday , 10 Jan 2012                                                     

Grand Canyon million-acre new mining claim withdrawal in effect

As expected, Interior Secretary Ken Salazar has signed a R.O.D. order withdrawing one million acres surrounding the Grand Canyon National Park from new mining claims for 20 years.    Tuesday , 10 Jan 2012

Goldcorp forecasts 70% increase to 4.2 Moz of gold production in 5 years

Goldcorp has projected 2.6-million ounces of gold production and 34 million ounces of silver production this year.    Tuesday , 10 Jan 2012

Minefinders tops gold-silver production forecast

In the final count Minefinders exceeds its 65,000 - 70,000 gold production target for last year by a healthy margin.    Monday , 09 Jan 2012

Kryso gets Pakrut gold project mining license from Tajik government

AIM listed junior gold developer, Kryso Resources, has received its mining license for its Pakrut gold project from the Tajikistan government and can now proceed with underground mine development.    Monday , 09 Jan 2012

Investors wary on gold but hope springs eternal

While speculators and ETF investors have begun the year cautiously when approaching the yellow metal, there are still enough believers to push prices higher    Monday , 09 Jan 2012

Riverstone Resources shareprice falls on resource update

It was a tough day for Riverstone Resources on the market, as its shareprice suffered after announcing a resource update/upgrade.    Monday , 09 Jan 2012

Coal India set to explore coal in South Africa

Coal India, which has allocated $1.13 billion for acquisitions, is set to ink an agreement for coal blocks in South Africa to plug India's coal demand supply gap of 114m metric tonnes.    Monday , 09 Jan 2012

Riversdale eyes new North America coal prospects, Australia IPO

Riversdale Resources, headed by former Riversdale Mining executives Michael O'Keeffe and Steve Mallyon, is currently scouring North America for new coal prospects while preparing for its Australian IPO.    Tuesday , 10 Jan 2012

Will 2012 be another stellar year for gold investors?

Jeff Nichols continues to believe gold will go on to new highs over the next few years as the gold 'free float' shrinks and demand continues - but the path will not be a smooth one.    Tuesday , 10 Jan 2012

Crocodile Gold's board hoping for higher offer

The board is said to be looking at alternatives to Luxor Group's C$121 million bid and has asked its shareholders to defer from tendering their shares to Luxor's offer.    Tuesday , 10 Jan 2012

Goldman forecasts massive upside risk in 2012 oil prices

The investment bank said Monday it expects a massive upside risk in oil this year, adding that gold and copper are also set for a rebound.    Tuesday , 10 Jan 2012

Pan Pacific's copper smelter suspended after fire

The company's Saganoseki smelter in southeast Japan has been suspended since Jan.7 after a fire damaged an electrical substation on the site.    Tuesday , 10 Jan 2012

Grasberg union halts worker return after ambush killings

Union workers at Freeport McMoran's Grasberg mine in Indonesia halted their return to work on Tuesday after gunmen ambushed and shot two contractors dead on the road to the mine.    Tuesday , 10 Jan 2012

African Iron leaps after Exxaro bid report

African Iron's shares rose more than 9% on Monday after reports that South Africa's Exxaro was in talks to buy the company.    Monday , 09 Jan 2012

Yanzhou/ Gloucester Coal merger has big chance of success - UBS

Financial adviser UBS reckons there should be few obstacles in the way of the proposed A$2 billion merger of Chinese miner Yanzhou Coal and Australia's Gloucester Coal.    Monday , 09 Jan 2012

China's Minmetals extends Anvil takeover bid again

The Chinese firm said Monday it had extended its $1.3 billion takeover offer for Anvil Mining Ltd to Feb. 16, the third such extension.    Monday , 09 Jan 2012

Yesterday's Top Story: 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

PODCASTS / RADIO                                                     

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

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

 

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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

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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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