Friday, February 17, 2012

MINEWEB.COM'S TOP STORIES: Hecla reports largest silver reserves, resources in company's history

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TOP STORIES | Friday , 17 Feb 2012                                                     

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

Barrick forecasts 2012 gold production guidance of 7.3m to 7.8m ozs.

Barrick reported a 33% increase in adjusted net earnings last year to $4.7 billion or $4.67 per share.    Friday , 17 Feb 2012

Vale now selling 80% of its iron ore at spot

World's largest iron ore producer, Vale, said Thursday it is currently selling 80% of its ore using spot prices, nearly completing a historic shift to market-based pricing.    Friday , 17 Feb 2012

Adani gets the go ahead on $6bn plus Carmichael Coal project in Australia

Indian major Adani Enterprise has moved one step further with its $6bn plans to mine the largest coal mine in the Australian state of Queensland.    Friday , 17 Feb 2012

Gold is money in extremis - just ask Iran

Iran is having to use some of its gold to pay for imported food for its people as sanctions bite and its currency is worthless on world markets. A true use for gold 'in extremis'    Friday , 17 Feb 2012

China's Minmetals wins 90% acceptances for Anvil takeover

Minmetals Resources has succeeded with its $1.3 billion takeover bid for Africa-focused copper miner Anvil Mining, winning 90% acceptances.    Friday , 17 Feb 2012

Glencore's aluminium head holds $1bn stake

Glencore detailed the stakes held by some of its top executives Thursday and head of aluminium, Gary Fegel, emerged as one of the most significant holders of the stock.    Friday , 17 Feb 2012

Crop tests bode well for thermophosphate product in Brazil - Rio Verde

As it eyes production this year, testing shows Rio Verde's thermophosphate product boosted yields of soybean crops in Brazil by 30%.    Thursday , 16 Feb 2012

State bank of India lures rail employees with discounted gold coins

Rail employees in India who bank with the largest lender in the country are set to get discounts on gold coins with their salary packages, as banks ramp up lending against gold.    Thursday , 16 Feb 2012

The principal risks affecting mining in Africa

Two risk analysis experts shared their views on the principal risks facing investment in mining in Africa on the fringes of the recent Indaba conference in Cape Town.    Thursday , 16 Feb 2012

Kinross wants to renegotiate Ecuador gold mine deal

Ecuador's energy ministry says it may not sign an operating contract with Kinross as the miner wants to renegotiate the terms of a tentative agreement for its Fruta del Norte project signed last December.    Friday , 17 Feb 2012

South African Rand lifts Gold Fields' Q4 earnings

The miner's fourth quarter earnings climbed 26%, in line with forecasts as its results were lifted by a favourable exchange rate.    Friday , 17 Feb 2012

Centerra Gold's Kumtor miners returning after strike

Centerra reported Thursday that the 10-day strike at its Kyrgyzstan gold mine had ended after agreeing a settlement with the employees' trade union.    Friday , 17 Feb 2012

Mitsubishi Corp to buy 18% stake in Peru copper project - source

According to The Nikkei and a Peruvian source with knowledge of the deal, Mitsubishi Corp plans to buy an 18% stake in the Quellaveco copper project from the IFC.    Friday , 17 Feb 2012

Chinese central bank's big Q4 gold buy

The World Gold Council says in its latest report that the PBoC made significant gold purchases in the final months of 2011.    Friday , 17 Feb 2012

Yesterday's Top Story: Kinross's "great gold mine" takes big bite out of profits

In spite of a US$2.94 billion write-down in 2011, Kinross Gold has raised its semi-annual dividend from 6-cents to 8-cents per common share.    Thursday , 16 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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Jan Chadwick, International
Wendy Hora, Australasia

 

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Editor in Chief

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