| 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 | | | | According to Charles Stanley Securities analyst, Kieron Hodgson, while the diamond market still has solid fundamentals, 2012 looks likely to be a year of consolidation | | | | | TOP STORIES | Friday , 03 Feb 2012 | | A couple international drilling companies give their outlook on the 2012 drill season to Mineweb, suggesting demand is high from seniors and holding steady for juniors. Friday , 03 Feb 2012 | | Vancouver-based New Gold has issued a 2012 gold guidance of 405,000 to 445,000 ounces. And, it says, it will produce in the range of 1.9 million to 2.1 million ounces of silver. Friday , 03 Feb 2012 | | Most market commentators polled by Mineweb on Thursday seemed largely unsurprised by the announcement of a possible merger between the two firms but, there may be some fun and games yet. Thursday , 02 Feb 2012 | | The Canadian Mining Association says the sector will need to hire more than 100,000 people within the next decade. Friday , 03 Feb 2012 | | Ramping up its new Burnstone gold mine to full production has defined some problems which have led to lower output than planned, but Great Basin Gold's CEO and management reckon these are being overcome. Thursday , 02 Feb 2012 | | NovaGold goes for $333 million dollars by issuing what amounts to about a seventh the number of its current outstanding shares. Thursday , 02 Feb 2012 | | According to analysts, one of the key sticking points in a merger of equals will be who gets to run the enlarged firm with both firm's highly competitive CEOs likely to be up to the challenge. Friday , 03 Feb 2012 | | Cash rich Indian government company NMDC with $3.6b reserves, has clocked a 22% rise in its quarterly net profit mostly on the back of higher sales and is to diversify into five new areas of business. Friday , 03 Feb 2012 | | Impala Platinum's share price took a pounding in trade on Thursday as industrial action took a turn for the worse at its Rustenburg operations. Thursday , 02 Feb 2012 | | James Turk reckons that the 2012 bottom for gold came during the first week in January and that the yellow metal will hit $2,000 within 3 months. Gold report interview. Thursday , 02 Feb 2012 | | The successful W. Australian nickel miner is offering almost a 87% premium for Perth-based PGM explorer Magma in an all-share offer. Friday , 03 Feb 2012 | | Kazakhstan maintained its position as the world's largest producer of uranium in 2011 as it ramped up output by about 9% to 19,450 tonnes. Friday , 03 Feb 2012 | | In a filing to the Hong Kong bourse, the miner reported Friday an estimated 5.8 billion yuan profit for 2011, up 20% from 2010. Friday , 03 Feb 2012 | | The company's European clearing house has launched clearing services for the first physically settled product for over the counter London gold forwards. Friday , 03 Feb 2012 | | She has been advised by her doctor not to travel internationally for about two months. Thursday , 02 Feb 2012 | | This capital development programme means the mine can now target 245,000 ounces by 2016, an increase of 100,000 ounces. Thursday , 02 Feb 2012 | | The Russian miner has forecast a 20 to 30% fall in sales this year due to depressed iron ore prices, adding that it has no immediate plans to revisit IPO ambitions. Thursday , 02 Feb 2012 | | While the gold price slipped 0.5% from a new 8-week high Thursday morning, it seems the US Federal Reserve's stance to keep interest rates low for some years has reinstated investor confidence in the metal. Thursday , 02 Feb 2012 | | The R320 million phase one project is meant to increase the production profile at Barberton from 95,000/oz to 120,000/oz per annum over six years. Thursday , 02 Feb 2012 | | Comment from Jeff Nichols suggests that Chinese gold production and consumption may be considerably higher than the statistics released by the country would indicate. Thursday , 02 Feb 2012 | | HSBC's chief commodities strategist, James Steel, looks at the reasons behind last quarter's major fall and January's strong surge in gold prices | | David Hale looks at how commodities are likely to fare in 2012 given the very mixed global economy and the wild card that is oil. | | Sprott Asset Management's John Embry believes that the prospect of global "Weimar situation" is very real and bullish for gold | | |
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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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