Wednesday, February 15, 2012

MINEWEB.COM'S TOP STORIES: Diamonds from Zimbabwe shine in India

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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                                                     

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.
 

TOP STORIES | Wednesday , 15 Feb 2012                                                     

Diamonds from Zimbabwe shine in India

Cheap roughs from Zimbabwe have bowled over diamantaires in India, leaving diamond giants Alrosa, De Beers and Rio Tinto struggling under price and selling pressure.    Wednesday , 15 Feb 2012

Foreign engineers, geologist will review Conga project EIS

Peru's Council of Ministers has hired two Spanish engineers and a Portuguese geologist to overhaul the controversial EIS for Newmont and Buenaventura's Conga gold/copper project.    Wednesday , 15 Feb 2012

Vale to resume all Sudbury underground mining

Vale expects to resume all Sudbury underground mining operations by the end of the month.    Wednesday , 15 Feb 2012

Alexco heads for first resource as Flame & Moth yields more bonanza silver

A slew of drilling results show wide, high-grade silver at Alexco Resource's Flame & Moth prospect next to its Bellekeno mill in the Yukon.    Tuesday , 14 Feb 2012

Without Blyvoor DRD is a gold factory

The sale of the only underground asset in its portfolio significantly alters the South African gold miner's risk profile and enables it to focus on improving grades and volumes.    Tuesday , 14 Feb 2012

Helio eyes double-double on Tanzania gold ounces

In a resource update Helio grows resources to 1 million ounces at its SMP project in Tanzania.    Wednesday , 15 Feb 2012

Exxaro clinches 66.59% of African Iron

According to African Iron's chairman shareholders clearly support the takeover bid which sets up an interesting play in the Republic of Congo for Exxaro    Wednesday , 15 Feb 2012

U.S. judge orders Sterlite to pay Asarco $82.75m in damages

Judge Richard S. Schmidt of the U.S. bankruptcy court in Texas has ruled that Sterlite must pay $82.75 million in damages to Asarco for backing out of a deal in 2008 that could have pulled the latter out of bankruptcy.    Wednesday , 15 Feb 2012

Gold prices could "easily breach $2,000" - AngloGold

The company's CEO Mark Cutifani reckons global gold prices could easily top $2,000 an ounce this year.    Wednesday , 15 Feb 2012

Kumtor gold mine strike hits output

The ongoing industrial action at Centerra Gold's Kumtor mine, which contributed 11.7% of Kyrgyzstan's 2011 GDP, has impacted output, the miner said Tuesday.    Wednesday , 15 Feb 2012

Xstrata Coal considers partner for Queensland project

The company is considering bringing an additional partner into its massive Wandoan coal project in Queensland, already part-owned by Japan's Itochu and Sumitomo.    Wednesday , 15 Feb 2012

Fortescue sees rising iron ore prices in "near future"

Australian miner Fortescue Metals Group expects iron ore prices to rise in the near future as the Chinese steel market picks up.    Wednesday , 15 Feb 2012

ArcelorMittal extends Florange plant closure - union

Union officials report that ArcelorMittal has decided to keep the furnaces at its Florange plant in eastern France idle until at least the second quarter, in response to ailing demand for steel.    Wednesday , 15 Feb 2012

Areva probe critical of UraMin buy, no proof of fraud

The firm's supervisory board has not found any evidence of fraud linked to the group's takeover of Canadian miner UraMin but is critical of the way it was bought.    Wednesday , 15 Feb 2012

Copper rebounds as Greek resolution is eyed

The metal rebounded Wednesday after falling for three sessions to $8,488 a tonne, as markets waited for Greece's final steps to implement a debt deal and avoid a messy default.    Wednesday , 15 Feb 2012

Yesterday's Top Story: Obama budget again seeks hardrock mining royalty, new abandoned mine fees

The President's proposed fiscal 2013 federal budget calls for a 5% gross mining royalty on federal lands, and a hardrock abandoned mined land fee on all private and public lands.    Tuesday , 14 Feb 2012

PODCASTS / RADIO                                                     

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

Iron ore growth rests on Chinese demand- Ericsson

RMG founder, Magnus Ericsson, forecasts that with China creating so much demand for iron ore, the outlook remains very positive at least for the next decade

Resource nationalism a twin-edged sword - Mike Elliot

Ernst & Young's Mike Elliot discusses resource nationalism from a mining perspective as emerging markets are exploring new ways to extract more wealth from their minerals

 

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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

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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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