Wednesday, February 29, 2012

MINEWEB.COM'S TOP STORIES: Copper, zinc, nickel prices to be higher in Feb-Scotiabank economist Mohr

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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                                                     

Finance and exploration in the junior mining sector - Kerry Smith

Kerry Smith of Haywood Securities talks about financing in the junior mining sector and the interface between juniors and bigger companies in JV situations and gives his views on the gold price in 2012.
 

TOP STORIES | Wednesday , 29 Feb 2012                                                     

Copper, zinc, nickel prices to be higher in Feb-Scotiabank economist Mohr

As Canadian miners significantly increase iron ore and uranium exports to China, Scotiabank economist Patricia Mohr says China will benefit from higher-quality ore and diversification of supply sources.    Wednesday , 29 Feb 2012

Teranga hits 85m grading 3 g/t gold near open-pit in Senegal

As it hits strong gold intercepts, Teranga eyes growing resources from just over 2 million ounces to as much as 3.5 million ounces gold on its operating mine license in Senegal, West Africa.    Tuesday , 28 Feb 2012

Gold confiscation: Why U.S. gov't did it in 1933 and can it happen again?

An analysis of the basic reasons which led the U'S' government to confiscate its citizens' gold bullion in 1933 and whether there are parallels in today's economic situation.    Wednesday , 29 Feb 2012

Is consolidation in South Africa's platinum sector a foregone conclusion?

With the platinum sector creaking under cost, labour, price and political pressures one logical outcome that springs to mind is that players in the industry will further join forces to leverage economies of scale.    Tuesday , 28 Feb 2012

South Korean rare earth imports hit 2-yr low

South Korean manufacturers have been reducing their dependence on Chinese rare earth imports, citing high prices and have replaced them with lower cost Japanese shipments.    Wednesday , 29 Feb 2012

Is the silver surge sustainable?

The silver price has risen more than 25% so far this year as against gold's 13%, but can such a solid performance continue - or even be exceeded in the months ahead.    Tuesday , 28 Feb 2012

Return to gold standard could be damaging - report

A team of researchers at Chatham House say a return to the gold standard would be impractical and could even be damaging to the financial system, though it could serve as a hedge against declining values of fiat currencies.    Wednesday , 29 Feb 2012

Top European copper miner KGHM's Q4 profit triples on asset sale

The company's fourth-quarter net profit rose to a record $1.23 billion, a notch above analyst forecasts, helped by the sales of its telecom assets.    Wednesday , 29 Feb 2012

Massive consolidation likely in junior rare earths sector: Burack and Dawoud

In the wake of a 2011 roller coaster ride in the rare earth market, the sector still holds promise for astute investors. Critical Metals Report interview with Jason Burack and Mo Dawoud.    Wednesday , 29 Feb 2012

Junior iron ore miners likely to face funding issues

Global iron ore miner, Rio Tinto, says juniors will find it difficult to secure funding with financial institutions having tightened credit considerably but played down concerns the market will soon be oversupplied.    Wednesday , 29 Feb 2012

Six-week Rustenburg strike costs Impala Platinum R2bn

The miner said Tuesday the costs of the illegal strike at its key Rustenburg mine in South Africa have reached 100,000 platinum ounces and a loss of income of R2 billion.    Wednesday , 29 Feb 2012

DRC launches new scheme to halt conflict minerals trade

The Democratic Republic of Congo is coming up with a new initiative to halt the trade in conflict minerals from its lawless eastern regions with the latest scheme being run out over next 3 months    Tuesday , 28 Feb 2012

Impact Minerals sees Botswana as a major uranium province

In an address to an Adelaide conference, Mike Jones of uranium explorer Impact Minerals extolled Botswana as emerging as hosting a major global uranium province    Tuesday , 28 Feb 2012

Are gold and silver the cure for a sick financial system?

The author likens the fiat currency system prevailing globally today as a virus being controlled, but not eradicated, by central bank money printing, while gold and silver are seen as an integral part of a prospective cure.    Tuesday , 28 Feb 2012

Yesterday's Top Story: Despite write-down, Tasiast remains Kinross Gold's top priority

Kinross CEO Tye Burt said the company's technical understanding of the orebody "has grown substantially" at its controversial Tasiast gold project in Mauritania in West Africa.    Monday , 27 Feb 2012

PODCASTS / RADIO                                                     

Peru, politics and the factors leading to mining-related social unrest - Luquman Shaheen

Luquman Shaheen, CEO of Peruvian explorer Panoro Minerals, explains the political and social complexities facing miners and explorers in Peru

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

 

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

PDAC 2012
Date: 04 March 2012 - 07 March 2012
Venue: Metro Toronto Convention Centre (South), Toronto, Canada
The annual Prospectors & Developers Association of Canada (PDAC) conference and exhibition is the largest mineral exploration event held anywhere in the world. Last year's conference saw attendance from more than 27,000 delegates. Read More
Investing in Asian Mining Indaba
Date: 29 October 2012 - 31 October 2012
Venue: Marina Bay Sands, Singapore
he organisers of the world's largest mining investment event, Investing in African Mining Indaba, will bring its successful business event platform to Asian soil: Investing in Asian Mining Indaba will be held 29-31 October 2012 at the Marina Bay Sands Singapore, www.AsianMiningIndaba.com. The An... Read More
2012 San Francisco Hard Assets Investment Conference
Date: 27 November 2012 - 28 November 2012
Venue: San Francisco Marriott, USA
The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. 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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Tuesday, February 28, 2012

MINEWEB.COM'S TOP STORIES: Backdrop for metals prices continue to be very strong-Barrick CEO Regent

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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 | Tuesday , 28 Feb 2012                                                     

Backdrop for metals prices continue to be very strong-Barrick CEO Regent

The continued industrialization and urbanization of China and India are continuing to play crucial roles in both global gold and copper demand, says Barrick CEO Aaron Regent.    Tuesday , 28 Feb 2012

Newmont CEO confident $4.8bn Peruvian gold mine will go ahead

Richard O'Brien, Newmont Mining CEO, says he is confident the company will be able to go ahead with its $4.8bn JV with Buenaventura to develop the Minas Conga gold mine in Peru.    Tuesday , 28 Feb 2012

NMA, Nuclear Energy Institute challenge 1m-acre Grand Canyon mining ban

The National Mining Association and the National Energy Institute have sued federal agencies to try to rescind the withdrawal of lands near the Grand Canyon National Park from mining activities.    Tuesday , 28 Feb 2012

Despite write-down, Tasiast remains Kinross Gold's top priority

Kinross CEO Tye Burt said the company's technical understanding of the orebody "has grown substantially" at its controversial Tasiast gold project in Mauritania in West Africa.    Monday , 27 Feb 2012

IMF data entry error on Swedish gold reserves disclosed

Following a rapid denial by the Swedish Central Bank, the IMF has admitted to a data entry error in its latest release on changes in Central Bank gold holdings.    Monday , 27 Feb 2012

Batero Gold shares plummet on maiden 6 million ounce gold resource in Colombia

While a large, low grade gold deposit failed to impress investors - perhaps a matter of number - Batero Gold stressed there was near term potential to hit 10 million ounces gold.    Tuesday , 28 Feb 2012

Indian gold ETF investment doubled last year - and set to surge this

As investors in India look to bolster their investment portfolio and look for options outside the stock market, demand for ETFs that invest in gold doubled in 2011 and is forecast to rise further in 2012.    Monday , 27 Feb 2012

Huge global iron ore expansion needed to replace depleted mines

Vale's CEO has told the audience at a conference in Beijing that a huge expansion in global iron ore mining will be necessary to make up for depletion at current mining operations to feed ever-growing demand.    Tuesday , 28 Feb 2012

Concerns about China's economy slowdown overblown- Teck

Teck Resources' CEO Don Lindsay believes concerns about a slowdown in the Chinese economy are overblown given the country's recent GDP, industrial growth numbers that look good.    Tuesday , 28 Feb 2012

Gold miner Agnico-Eagle sets more realistic goals to rebuild investor confidence

Chief Executive Sean Boyd said Monday the company has put together new, solid targets to rebuild investor confidence after seeing its share price tumble following setbacks at key mines.    Tuesday , 28 Feb 2012

Every segment of the gold stock market is very cheap today - Sprott Asset Management

Precious metal equities remain undervalued as bullion prices continue their upward trends according to Charles Oliver and Jamie Horvat of Sprott Asset Management. Interview with The Gold Report    Tuesday , 28 Feb 2012

The scale of Quantitative Easing ahead will ultimately create inflation rather than deflation with gold and silver likely to hit record highs this year and with silver outperforming gold.    Tuesday , 28 Feb 2012

Thompson Creek Metals reports Q4 profit rise

The molybdenum miner earned $800,000, or breakeven per share, compared with a loss of $45 million, in the quarter ended December 2011.    Tuesday , 28 Feb 2012

Africa-focused Petra Diamonds sees H1 loss

Petra's first half earnings fell as unrealised foreign exchange losses wiped out improved revenues earned from a jump in production.    Tuesday , 28 Feb 2012

South Africa's NUM urges miners to accept Implats offer

The union's general secretary said Monday the workers needed to accept Implats offer to rehire but it remains unclear if they will heed the call amid intimidation against those who have tried to return to work.    Monday , 27 Feb 2012

China now planning to boost rare earths exports and output

Though China has set its rare earth export quota for 2012 at the same level of 2011, a new plan envisages that China will get Yuan 2 trillion output from the new material industry by 2015, as against a registered output value of Yuan 650 billion in 2010.    Monday , 27 Feb 2012

Yesterday's Top Story: Freeport suspends Grasberg copper-gold ops again, citing employee violence

Work interruptions, along with alleged acts of retaliation against those who did not participate in last's year strike, have prompted PT Freeport Indonesia to again suspend operations at world's largest gold and second largest copper mine.    Monday , 27 Feb 2012

PODCASTS / RADIO                                                     

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

 

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

PDAC 2012
Date: 04 March 2012 - 07 March 2012
Venue: Metro Toronto Convention Centre (South), Toronto, Canada
The annual Prospectors & Developers Association of Canada (PDAC) conference and exhibition is the largest mineral exploration event held anywhere in the world. Last year's conference saw attendance from more than 27,000 delegates. Read More
Investing in Asian Mining Indaba
Date: 29 October 2012 - 31 October 2012
Venue: Marina Bay Sands, Singapore
he organisers of the world's largest mining investment event, Investing in African Mining Indaba, will bring its successful business event platform to Asian soil: Investing in Asian Mining Indaba will be held 29-31 October 2012 at the Marina Bay Sands Singapore, www.AsianMiningIndaba.com. The An... Read More
2012 San Francisco Hard Assets Investment Conference
Date: 27 November 2012 - 28 November 2012
Venue: San Francisco Marriott, USA
The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. 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

Monday, February 27, 2012

MINEWEB.COM'S TOP STORIES: Freeport suspends Grasberg copper-gold ops again, citing employee violence

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

 
 

TOP STORIES | Monday , 27 Feb 2012                                                     

Freeport suspends Grasberg copper-gold ops again, citing employee violence

Work interruptions, along with alleged acts of retaliation against those who did not participate in last's year strike, have prompted PT Freeport Indonesia to again suspend operations at world's largest gold and second largest copper mine.    Monday , 27 Feb 2012

Zijin Mining, Barrick Gold ponder beneficial business relationship

China's largest gold miner recently met with the world's largest gold company to discuss possible opportunities for future cooperation.    Monday , 27 Feb 2012

Fall in gold reserves and disappointing Q4 hit Iamgold shareprice

Disappointed investors, perhaps taking note of falling reserves, cut down Iamgold shares by some 9% on Friday as company seen at a crossroads in challenging operating and cost environment.    Saturday , 25 Feb 2012

Osisko firm on 2012 guidance: 610,000 - 670,000 ounces gold

Osisko CEO Sean Roosen eyes million ounce future in 2016 as company makes steady progress and looks to better grades at its operating Canadian Malartic mine.    Friday , 24 Feb 2012

Factors leading to paradigm shift in metals commodities pricing

Declining ore grades, rising energy costs, global growth and politico-economic factors are all part and parcel of a fundamental shift in metals commodities economics and pricing.    Monday , 27 Feb 2012

Commodity flows positive in Jan - BarCap

Barclays Capital says investment flows into commodities turned positive in January after heavy withdrawals in December, boosting hopes that money entering the sector will rise this year.    Monday , 27 Feb 2012

Junior gold and silver stocks to shine in 2012: Mark Raguz

After a tough 2011, Mark Raguz and his colleagues at Pinetree Capital are looking at the junior resource sector with renewed optimism. Interview with The Gold Report.    Saturday , 25 Feb 2012

Gold slides as Euro worries linger; oil offers support

Prices slipped early Monday, weighed down by modest risk aversion across financial markets as concerns about the euro zone persisted, although high oil prices offered support.    Monday , 27 Feb 2012

African Rainbow H1 earnings rise 24% on higher sales

South Africa's African Rainbow Minerals said Monday its earnings increased 24% as sales volumes for all of its key commodities rose.    Monday , 27 Feb 2012

Opposition to Lynas Malaysian rare earths plant hits the streets

Environmental demonstrators have taken to the streets to call for a halt to Lynas Corporation's plans to build a rare earths processing plant in Malaysia.    Sunday , 26 Feb 2012

Impala's Zimbabwe platinum unit given 2 weeks to detail handover of 29.5% stake

Implats has been ordered to come up within 2 weeks with plan to transfer 29.5% of its Zimbabwe platinum mining unit to a state company    Sunday , 26 Feb 2012

Venezuela now to mine massive Las Cristinas gold project with help from China

Venezuela's President Chavez has announced that Chinese investment company CITIC will help develop the potentially extremely large Las Cristinas gold project which has been withdrawn from Crystallex.    Saturday , 25 Feb 2012

Strong bullion sales and prices lift Eldorado Gold's 2011 earnings

The company posted a more than 50% increase in its 2011 earnings from operations, largely driven by increased bullion sales and higher realized prices.    Friday , 24 Feb 2012

Implats contract worker beaten to death

A contract miner at Impala Platinum's Rustenburg operations in South Africa was beaten to death during an assault on Friday when he tried to go to work, regional police said.    Friday , 24 Feb 2012

Can silver maintain its great start to the year?

Precious metals have been one of the best-performing asset classes of 2012 so far- with silver being the star performer, but can it last.    Monday , 27 Feb 2012

Supercycle in gold to continue this year, but price crash seen ahead

According to Standard Chartered analyst Dan Smith, gold will break above $2000/oz this year but could plunge to $1,178/oz by 2018.    Monday , 27 Feb 2012

Schroders wouldn't be surprised to see the gold price close to $5000 in 5-8 years

Schroders analysts looking for gold to climb to $2500 an ounce this year and to reach $5000 over next 5-8 years as bull run continues.    Saturday , 25 Feb 2012

Weekend's Top Story: Fraser survey says New Brunswick is mining heaven, Honduras is the pits

"The best mineral deposit has no value if government regulations and taxation prevent production." The latest ratings from the Fraser Institute see some significant changes from a year ago.    Friday , 24 Feb 2012

PODCASTS / RADIO                                                     

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

 

Guyana Goldfields Completes Positive Feasibility Study for Its Aurora Gold Project in Guyana

TORONTO, Feb. 24, 2012 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) ("GGI" or "the Company") is pleased to announce positive Feasibility Study results for its 100% owned Aurora Gold Project in Guyana, South America. The NI 43-101 Feasibility Study report will be compiled under the supervision of SRK Consulting (Canada) Inc. ("SRK") with contributions provided by prominent industry consultants. A conference call will be held today by Guyana Goldfields management at 11:00 am Eastern Time to further discuss the results (see details at the end of this release).

The Aurora Gold Project is expected to have a positive impact on the economy of Guyana by maximizing employment, skills training, and generating business opportunities for local suppliers and service providers. The Company is dedicated to becoming a leading corporate citizen and a productive partner in the future of Guyana's economy. The Aurora Gold Project is presently the only large-scale licensed gold mine development project in Guyana and will be the next producing gold mine in the country in late 2014.

For full release, click here

 

CONFERENCES

PDAC 2012
Date: 04 March 2012 - 07 March 2012
Venue: Metro Toronto Convention Centre (South), Toronto, Canada
The annual Prospectors & Developers Association of Canada (PDAC) conference and exhibition is the largest mineral exploration event held anywhere in the world. Last year's conference saw attendance from more than 27,000 delegates. Read More
Investing in Asian Mining Indaba
Date: 29 October 2012 - 31 October 2012
Venue: Marina Bay Sands, Singapore
he organisers of the world's largest mining investment event, Investing in African Mining Indaba, will bring its successful business event platform to Asian soil: Investing in Asian Mining Indaba will be held 29-31 October 2012 at the Marina Bay Sands Singapore, www.AsianMiningIndaba.com. The An... Read More
2012 San Francisco Hard Assets Investment Conference
Date: 27 November 2012 - 28 November 2012
Venue: San Francisco Marriott, USA
The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. 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