Wednesday, February 8, 2012

MINEWEB.COM'S TOP STORIES: Goldcorp's Ian Telfer denies wrong-doing in OSC insider trading probe

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TOP STORIES | Wednesday , 08 Feb 2012                                                     

Goldcorp's Ian Telfer denies wrong-doing in OSC insider trading probe

A March 21 hearing has been set by the Ontario Securities Commission regarding possible Securities Act violations resulting from alleged insider trading rings involving Canadian mining securities.    Wednesday , 08 Feb 2012

BHP sees lower profit but remains in league of its own

Despite posting a 6% drop in its half-year profit to $9.94 billion, BHP Billion made more cash profit in six months than the massive Glencore/Xstrata merger would have made in all of 2011.    Wednesday , 08 Feb 2012

Nationalisation debate brought on by lack of transformation - Shabangu

South Africa's minister of mineral resources told the delegates at the Mining Indaba that nationalisation debate currently underway in the country was brought on by the slow implementation of transformation    Tuesday , 07 Feb 2012

Precious metals prices dictated by investment at the margin - Walker

Paul Walker of Thomson Reuters GFMS says that while fundamentals are important in the long term, over the short run investment is driving prices and that is reliant on low or negative real interest rates    Wednesday , 08 Feb 2012

Missing oxide ore sees Nevsun cut 2012 gold output guidance in half

With less gold-rich oxide ore in its Bisha deposit than expected, Nevsun forced to drop 2012 production guidance, but still sees mine as one of the best high grade open pit base metal ops in the world.    Tuesday , 07 Feb 2012

Indonesian policeman shot dead on Grasberg mine area routine patrol

An Indonesian policeman became the third victim this year to die on a road to PT Freeport Indonesia's Grasberg operation.    Wednesday , 08 Feb 2012

Glencore/Xstrata merger might blow through bank lending limits

The two companies are some of the biggest borrowers of syndicated loans globally and bankers say the combined entity would need to do something to restructure banks' exposure.    Wednesday , 08 Feb 2012

Some gold miners still justify a premium rating - Mark Bristow

Randgold Resources CEO, Mark Bristow, says the gold mining sector hasn't always been good at delivering investor rewards but there are some, including Randgold, that offer value    Wednesday , 08 Feb 2012

First drillhole shows potash promise for Rio Verde in Brazil

Initial drilling results prove there is potash at its Sergipe project in Brazil, now Rio Verde needs to show just how much.    Tuesday , 07 Feb 2012

US aluminium premiums jump on healthy demand outlook

Many US consumers are in the spot market looking to rebuild depleted inventories ahead of what is expected to be a good year across many aluminium manufacturing industries.    Wednesday , 08 Feb 2012

Alcoa Australia reviews future of Point Henry aluminium smelter

With the current global economic conditions rendering the operation unprofitable, the company is reviewing the future of its 190,000 tonne Point Henry aluminium smelter in Australia.    Wednesday , 08 Feb 2012

Zambia to audit mining companies; estimates $1bn taxes owed

The country's mines minister has announced plans to audit all mining companies in a bid to dig for back taxes of up to $1 billion it believes it is owed.    Wednesday , 08 Feb 2012

Expansionary central bank monetary policy to propel gold higher

According to David Levenstein, the continued printing of money at unprescedented rates will lead to currency debasement and should boost precious metal prices    Tuesday , 07 Feb 2012

Indonesia, Russian firm plan $2.4bn rail line

Indonesia has announced plans to bring in the expertise of government-owned Russian Railways (RZhD) to build a $2.4 billion rail line together on Borneo island, which will initially be used to transport coal.    Tuesday , 07 Feb 2012

Glencore/Xstrata merger deal meets shareholder opposition

Latest reports say at least two top 10 shareholders in Xstrata plan to vote against the $41 billion takeover by Glencore, saying the deal undervalues their shares.    Tuesday , 07 Feb 2012

Yesterday's Top Story: Vale employees returning to work at Sudbury operations

Vale said the return to work process has begun at the company's five Sudbury area mines following a temporary suspension stemming from three fatalities at those operations.    Tuesday , 07 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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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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Wendy Hora, Australasia

 

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Editor in Chief

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