Monday, February 27, 2012

MINEWEB.COM'S TOP STORIES: Freeport suspends Grasberg copper-gold ops again, citing employee violence

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TOP STORIES | Monday , 27 Feb 2012                                                     

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

Zijin Mining, Barrick Gold ponder beneficial business relationship

China's largest gold miner recently met with the world's largest gold company to discuss possible opportunities for future cooperation.    Monday , 27 Feb 2012

Fall in gold reserves and disappointing Q4 hit Iamgold shareprice

Disappointed investors, perhaps taking note of falling reserves, cut down Iamgold shares by some 9% on Friday as company seen at a crossroads in challenging operating and cost environment.    Saturday , 25 Feb 2012

Osisko firm on 2012 guidance: 610,000 - 670,000 ounces gold

Osisko CEO Sean Roosen eyes million ounce future in 2016 as company makes steady progress and looks to better grades at its operating Canadian Malartic mine.    Friday , 24 Feb 2012

Factors leading to paradigm shift in metals commodities pricing

Declining ore grades, rising energy costs, global growth and politico-economic factors are all part and parcel of a fundamental shift in metals commodities economics and pricing.    Monday , 27 Feb 2012

Commodity flows positive in Jan - BarCap

Barclays Capital says investment flows into commodities turned positive in January after heavy withdrawals in December, boosting hopes that money entering the sector will rise this year.    Monday , 27 Feb 2012

Junior gold and silver stocks to shine in 2012: Mark Raguz

After a tough 2011, Mark Raguz and his colleagues at Pinetree Capital are looking at the junior resource sector with renewed optimism. Interview with The Gold Report.    Saturday , 25 Feb 2012

Gold slides as Euro worries linger; oil offers support

Prices slipped early Monday, weighed down by modest risk aversion across financial markets as concerns about the euro zone persisted, although high oil prices offered support.    Monday , 27 Feb 2012

African Rainbow H1 earnings rise 24% on higher sales

South Africa's African Rainbow Minerals said Monday its earnings increased 24% as sales volumes for all of its key commodities rose.    Monday , 27 Feb 2012

Opposition to Lynas Malaysian rare earths plant hits the streets

Environmental demonstrators have taken to the streets to call for a halt to Lynas Corporation's plans to build a rare earths processing plant in Malaysia.    Sunday , 26 Feb 2012

Impala's Zimbabwe platinum unit given 2 weeks to detail handover of 29.5% stake

Implats has been ordered to come up within 2 weeks with plan to transfer 29.5% of its Zimbabwe platinum mining unit to a state company    Sunday , 26 Feb 2012

Venezuela now to mine massive Las Cristinas gold project with help from China

Venezuela's President Chavez has announced that Chinese investment company CITIC will help develop the potentially extremely large Las Cristinas gold project which has been withdrawn from Crystallex.    Saturday , 25 Feb 2012

Strong bullion sales and prices lift Eldorado Gold's 2011 earnings

The company posted a more than 50% increase in its 2011 earnings from operations, largely driven by increased bullion sales and higher realized prices.    Friday , 24 Feb 2012

Implats contract worker beaten to death

A contract miner at Impala Platinum's Rustenburg operations in South Africa was beaten to death during an assault on Friday when he tried to go to work, regional police said.    Friday , 24 Feb 2012

Can silver maintain its great start to the year?

Precious metals have been one of the best-performing asset classes of 2012 so far- with silver being the star performer, but can it last.    Monday , 27 Feb 2012

Supercycle in gold to continue this year, but price crash seen ahead

According to Standard Chartered analyst Dan Smith, gold will break above $2000/oz this year but could plunge to $1,178/oz by 2018.    Monday , 27 Feb 2012

Schroders wouldn't be surprised to see the gold price close to $5000 in 5-8 years

Schroders analysts looking for gold to climb to $2500 an ounce this year and to reach $5000 over next 5-8 years as bull run continues.    Saturday , 25 Feb 2012

Weekend's Top Story: Fraser survey says New Brunswick is mining heaven, Honduras is the pits

"The best mineral deposit has no value if government regulations and taxation prevent production." The latest ratings from the Fraser Institute see some significant changes from a year ago.    Friday , 24 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.

 

Guyana Goldfields Completes Positive Feasibility Study for Its Aurora Gold Project in Guyana

TORONTO, Feb. 24, 2012 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) ("GGI" or "the Company") is pleased to announce positive Feasibility Study results for its 100% owned Aurora Gold Project in Guyana, South America. The NI 43-101 Feasibility Study report will be compiled under the supervision of SRK Consulting (Canada) Inc. ("SRK") with contributions provided by prominent industry consultants. A conference call will be held today by Guyana Goldfields management at 11:00 am Eastern Time to further discuss the results (see details at the end of this release).

The Aurora Gold Project is expected to have a positive impact on the economy of Guyana by maximizing employment, skills training, and generating business opportunities for local suppliers and service providers. The Company is dedicated to becoming a leading corporate citizen and a productive partner in the future of Guyana's economy. The Aurora Gold Project is presently the only large-scale licensed gold mine development project in Guyana and will be the next producing gold mine in the country in late 2014.

For full release, click here

 

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

FEATURED
COMPANY

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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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