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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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.

 

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Lawrie Williams, London
Geoff Candy, Groningen

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