Wednesday, January 18, 2012

MINEWEB.COM'S TOP STORIES: Kinross shares nose-dive on news of Tasiast goodwill charge, project delays

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Wednesday , 18 Jan 2012                                                     

Kinross shares nose-dive on news of Tasiast goodwill charge, project delays

Kinross shares took a beating Tuesday as news broke of possible project delays which would impact the Tasiast mine, and two of the company's major South American gold projects.    Wednesday , 18 Jan 2012

Positive PFS for Exeter's Caspiche gold-copper mega project

Exeter Resource has published results of a positive pre-feasibility study on its massive Caspiche gold-silver-copper project in Chile's Maricunga region.    Tuesday , 17 Jan 2012

Newmont's 2011 gold, copper output meets guidance, down from 2010

Newmont predicts attributable gold production of 5 million to 5.2 million ounces and copper output of 150 million to 170 million ounces this year.    Wednesday , 18 Jan 2012

Fresnillo Plc meets silver guidance, gold production sets records

Fresnillo Plc expects its 2012 silver production to remain stable at 41 million ounces despite lower grades at its flagship Fresnillo silver mine.    Wednesday , 18 Jan 2012

Great Panther Silver lands on its feet

Great Panther outlines plans for the coming year on the back of improved output and grades at its Mexican silver mines at the close of 2011.    Wednesday , 18 Jan 2012

India raises import tax on gold, silver

With India's gold imports for FY12 expected to touch $55 billion, the government has hiked import duties in a bid to slow the rate of imports.    Tuesday , 17 Jan 2012

Australian Wet season impacts Argyle diamond production

The Argyle diamond mine, long a dominant force in the global diamond market saw production drop 14% year on year during the last quarter of 2011.    Tuesday , 17 Jan 2012

Centerra Gold hits 2011 target with 642,380 gold ounces

Centerra Gold says it expects 2012 consolidated gold production to come in between 635,000 to 685,000 ounces.    Wednesday , 18 Jan 2012

Gold's bull market may be nearing its end - GFMS

While investment-led demand could see prices reach a record above $2,000 an ounce late this year or early next, the consultancy expects this demand to decline once macro economic conditions start to improve.    Tuesday , 17 Jan 2012

BHP forecasts record iron ore output for 2012

The miner has forecast record iron ore production in 2012 after quarterly output jumped by a fifth, shrugging off concerns that top buyer China is facing an economic slowdown this year.    Wednesday , 18 Jan 2012

The phenomenal rise of the Chinese gold market

As Chinese gold demand gathers pace alongside internal income growth, the country may move to exert dominance over the global gold market.    Tuesday , 17 Jan 2012

Avion Gold adds heft to gold resource base

In back to back updates of its chief exploration projects in Mali and Burkina Faso, Avion Gold outlines new resources    Tuesday , 17 Jan 2012

Norsk Hydro to cut Australia aluminium plant output by 60,000mt

The company has announced plans to shut down one of the three production lines at its Kurri Kurri aluminium plant, taking 60,000 metric tonnes a year off the weak metals market.    Wednesday , 18 Jan 2012

Russian billionaire sees no risk in London gold listing

Billionaire Mikhail Prokhorov, who owns a 37% stake in Polyus Gold, expects the miner will have no problem getting approval from the Russian government to seek a premium listing in London.    Wednesday , 18 Jan 2012

North American Palladium to close Sleeping Giant mine

The miner confirmed Tuesday it will cease production at its Sleeping Giant gold mine in Quebec, adding that it was unable to achieve its objective of returning the operation to profitability.    Wednesday , 18 Jan 2012

Yesterday's Top Story: If there ever was a time for investment in gold and gold stocks, it is now - Stephenson

When it comes to picking gold mining names in the current market environment, John Stephenson believes that buying quality is the way to go and predicts $2500 gold this year.    Tuesday , 17 Jan 2012

PODCASTS / RADIO                                                     

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.

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.

 

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Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

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Ross Louthean, Perth
Kerry Stevenson, Sydney

Africa

Christy Filen, Johannesburg


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