Monday, February 13, 2012

MINEWEB.COM'S TOP STORIES: Batu Hijau 2012 output to drop 33% - Newmont

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TOP STORIES | Monday , 13 Feb 2012                                                     

Batu Hijau 2012 output to drop 33% - Newmont

According to officials from Newmont Nusa Tenggara, Batu Hijau's gold and copper production will temporarily plunge this year as the mine pit is expanded.    Monday , 13 Feb 2012

Why Warren Buffett still doesn't like investing in gold

The Oracle of Omaha is certain that 100 years from now, when people are fearful, they will still rush into gold but, he still prefers stocks.    Monday , 13 Feb 2012

Canada opens doors to uranium trade with China

The big talking point in Canada is that as Chinese-Canadian relations warm up, so too will Canadian uranium in Chinese nuclear reactors.    Saturday , 11 Feb 2012

Fortescue up 5% on Teck share buying reports

Talk of Teck Resources buying a stake in Australia's Fortescue Metal Group sent the latter's shares up 5% on Monday.    Monday , 13 Feb 2012

$30bn in new steel plant investments in jeopardy - Karnataka

A report submitted by a panel proposing that annual iron ore production in the southern state be capped at 30 million tonnes is expected to impact steel capacity investments the state says.    Friday , 10 Feb 2012

Surging gold loans in India come under scrutiny

Increasingly popular gold-backed loans have run into rough weather as the country's banking regulator, concerned about the surge in buying has clipped the wings of gold loan companies.    Friday , 10 Feb 2012

Mother of all gold bull markets remains intact: Grandich

Peter Grandich believes that we're in the midst of a stealth gold bull market and is now predicting gold to top $2,350/oz. Interview with The Gold Report.    Saturday , 11 Feb 2012

Time for SA mining to have its say

South Africa's ruling party has done its homework on the mining sector and, while not all the proposals make for happy reading, it's now up to the mining sector to make its voice heard.    Friday , 10 Feb 2012

Gold cost profiles and nationalisation - Cutifani

In a wide ranging discussion, AngloGold Ashanti's CEO Mark Cutifani talks about nationalisation, cash cost and the outlook for the gold price.    Friday , 10 Feb 2012

Pilot Gold builds up case for Long Canyon part-deux

A trio of geologists that led Fronteer Gold to glory, add substance to their contention the Kinsley Mountain project bears likeness to their former baby, Long Canyon, now held by Newmont.    Friday , 10 Feb 2012

Impats to start re-hiring workers - Union

According to South Africa's National Union of Mineworkers, the platinum miner will, from next week, begin re-hiring more than 17,000 workers fired over an illegal strike    Monday , 13 Feb 2012

Iron ore falls to 1-month low on weak China steel demand

China steel futures fell to their lowest in nearly a month on Monday after sellers slashed prices in the last two trading days of the week as buyers became scarce.    Monday , 13 Feb 2012

Sudan ups dollar supply to banks after gold sales

The Sudanese central bank has sold 6.5 tonnes of gold since January which has generated more than $300 million, which it hopes will help bolster the Sudanese pound    Monday , 13 Feb 2012

RUSAL sees more aluminium cuts in 2012

RUSAL's estimation is that more aluminium producers will cut output this year, with China accounting for about a third of global cuts, but still forecasts that global output will top demand.    Monday , 13 Feb 2012

Indonesia to ban unprocessed metals from 2014

The country's energy ministry said Friday on its website the ban will start from 2014 and could revoke the export licences of firms that violate the ban, but later removed the announcement.    Friday , 10 Feb 2012

De Beers 2011 profits up more than a fifth

Thanks to a bumper start to the year, diamond miner De Beers' 2011 profits rose by more than a fifth but warns demand could grow at a slower pace this year.    Friday , 10 Feb 2012

Weekend Top Story: Cameco reports record revenue from high uranium prices

While the nuclear industry outlook remains uncertain for the near to medium term, Cameco foresees "a very strong and promising growth profile" in the long term.    Friday , 10 Feb 2012

PODCASTS / RADIO                                                     

Gold prices to go higher but too much optimism is unwarranted - Credit Suisse

Credit Suisse's Tom Kendall says that while there is a good chance of seeing prices back up towards last year's consensus predictions might well be a little on the high side

MINING INDABA: HARMONY Q2 earnings - Graham Briggs

Harmony Gold's CEO, explains why the grades grew so strongly during the quarter and talks about the progression of the Wafi-Golpu project

MINING INDABA - IAMGold CEO, Steve Letwin

Steve Letwin talks about dividends, separating out its REE assets and looks at a floor for gold prices of around $1,400

 

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Lawrie Williams, London
Geoff Candy, Groningen

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