Monday, February 20, 2012

MINEWEB.COM'S TOP STORIES: Class action sharks circle as Kinross Gold vows to fight

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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
 

TOP STORIES | Monday , 20 Feb 2012                                                     

Class action sharks circle as Kinross Gold vows to fight

At last count four law firms say they are filing class action lawsuits stemming from Kinross Gold's decision to take a non-cash goodwill impairment charge of nearly $3 billion.    Monday , 20 Feb 2012

Chinese officials hail Inner Mongolian mining crack down a success

Regional officials claim success in their efforts to crack down on Inner Mongolia mining operations as a result of the worst unrest to hit Inner Mongolia in years last May.    Monday , 20 Feb 2012

A (silver) bird in the hand - Eagles soaring

A history of the American Silver eagle coin and its remarkable growth as an investment hedge - a growth which will surely continue.    Saturday , 18 Feb 2012

Junior gold and copper sectors will be lucrative for objective investors

Tom MacNeill discusses the conditions that have primed the junior gold and base metals resource environment for growth. Interview with The Gold Report.    Sunday , 19 Feb 2012

Gold Fields' shareholders see dividend windfall

Gold Fields' leverage to the gold price showed in its latest payment to shareholders of R2.30 which puts it well out in front in the dividend yield race.    Friday , 17 Feb 2012

Anglo American dashes hopes for 'special dividend'

The company dashed hopes it will use cash "trapped" in South Africa by exchange controls to fund a special dividend, opting rather to sweeten its regular payout after posting a 14% rise in FY profit.    Friday , 17 Feb 2012

Canaccord-Eximbank $1b fund not just energy play

Metals and minerals unfairly fall to the wayside in coverage of a new Canadian/Chinese fund aimed at investing in Canada's resource sector.    Friday , 17 Feb 2012

Sudan exports 7.2 tonnes of gold in first 6 weeks of year

As a means of compensating for lost oil revenues following secession of South Sudan, Sudan has exported some $400 million worth of gold already this year.    Sunday , 19 Feb 2012

Australia's Port Kembla coal terminal faces more strike action

Union spokesman Bob Timbs said Monday about 100 unionised workers will embark on stoppages ranging from two to four hours on Monday, Tuesday and Thursday besides full-day stoppages on Wednesday and possibly Friday.    Monday , 20 Feb 2012

Gold rises on China's monetary easing, Greek optimism

Spot gold climbed 0.6% to $1,733.96/oz on Monday, on course for its biggest daily rise in two weeks, supported by China's monetary policy easing and hopes for Greece to seal a bailout fund.    Monday , 20 Feb 2012

Mitsubishi Corp to pitch Australia iron ore project in China

According to sources close to the deal, - Japan's Mitsubishi Corp plans to head to China soon to line up a partner for a $10 billion Australian iron ore and port and rail development.    Monday , 20 Feb 2012

Rio Tinto earmarks $518m for driverless iron ore trains

The miner plans to introduce its first automated train in 2014, increasing the capacity of its 1,500 km Western Australian iron ore rail network to boost output 60% by 2015.    Sunday , 19 Feb 2012

Union says Impala Platinum to rehire all strike-dismissed miners

World No. 2 platinum miner, Impala platinum is to re-instate all the workers dismissed in the recent strike at its flagship Rustenburg operations    Saturday , 18 Feb 2012

Teck to shuffle $1bn debt, shave $55m off interest

Teck aims to save handsomely by redeeming expensive debt using proceeds from cheaper senior notes.    Saturday , 18 Feb 2012

Gold traders more bullish as Paulson says buy

New-York based John Paulson has told traders that now is the time to build a position in gold because by the time inflation becomes evident, gold will probably have moved.    Friday , 17 Feb 2012

Philippines plans to close down illegal mines

President Benigno Aquino is expected that to sign an order calling for the closure of dozens of illegal small-scale gold and copper mines, often the cause of deadly accidents.    Friday , 17 Feb 2012

Singapore to exempt gold, other precious metals from 7% tax

The move brings Singapore's tax treatment of investment-grade gold and other precious metals in line with the practices of countries such as Australia and Switzerland.    Friday , 17 Feb 2012

Weekend Top Story: Hecla reports largest silver reserves, resources in company's history

For the sixth consecutive year, Hecla increased reserves and resources setting a new record in both categories for 2011, says Hecla CEO Phil Baker.    Friday , 17 Feb 2012

PODCASTS / RADIO                                                     

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.

Platinum Group Metals new discovery- Michael Jones

PGM CEO Michael Jones talks about the prospects of a new reef with "interesting" metal ratios the company has discovered on north limb of the bushveld complex

ANC's mine nationalisation study - Leon

Webber Wentzel's Peter Leon discusses the proposals outlined in the recently completed ANC research study on nationalisation

 

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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

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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


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