Thursday, February 9, 2012

MINEWEB.COM'S TOP STORIES: Historic Canada-China trade agreements benefit both mining sectors

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TOP STORIES | Thursday , 09 Feb 2012                                                     

Historic Canada-China trade agreements benefit both mining sectors

After 20 years of negotiations, Canada and China are closer to ratification of a Foreign Investment Promotion and Protection Agreement that may benefit mining and mining services in both nations.    Thursday , 09 Feb 2012

Rio Tinto dividend hike masks aluminium hit

After taking a $9.3 billion charge, mainly against its aluminium business, the miner landed in the red for the second-half but compensated investors with a significant boost to the dividend.    Thursday , 09 Feb 2012

China's soft landing and the impact for base metals - BarCap

Barclays Capital's MD for commodities research, Kevin Norrish, looks at the impact of a soft landing in China, a recession in Europe and the end of the risk-on, risk-off trade.    Thursday , 09 Feb 2012

Honduran mining set for boost from new mining law

Honduran officials are enacting regulations and signing trans-border agreements aimed at attracting new mining investment to the country.    Thursday , 09 Feb 2012

Gold miners need gold above $1,650 to keep nose above water

According to a number of gold company CEO's it costs about $1,200 to pull an ounce of gold out of the ground.    Wednesday , 08 Feb 2012

Seabridge hits 49m ounces gold at KSM

A new resource will likely lead to greater reserves, already at 38.5 million ounces gold, and could improve project economics, Seabridge says.    Wednesday , 08 Feb 2012

Roxgold sees deep, visible gold in Burkina Faso

Canadian junior Roxgold released a slew of intercepts Wednesday that extend two high-grade zones out of its Yaramoko concession in Burkina Faso.    Wednesday , 08 Feb 2012

Massive rise in China gold imports in 2011 - policy controlling the price?

China continues to see rising gold consumption with a virtual tripling of gold imports through Hong Kong in 2011, but demand in December appears to have stuttered ahead of the Lunar New Year.    Wednesday , 08 Feb 2012

BHP Australia coal miners to strike- union

About 3,500 unionised workers at the BHP Billiton-Mitsubishi Alliance in Australia will strike for 7 days next week, the miners' union said on Thursday.    Thursday , 09 Feb 2012

Ex-Areva CEO wants expert to probe UraMin report

Anne Lauvergeon has asked a French court to appoint an expert to look at the circumstances under which the firm ordered a probe in 2010 into the controversial purchase of UraMin.    Thursday , 09 Feb 2012

AHMSA eyes steel JV with POSCO

Mexican steelmaking firm AHMSA said Wednesday it is evaluating a joint mining venture to provide Mexican iron ore to Korea's POSCO, the world's third-biggest steelmaker.    Thursday , 09 Feb 2012

Silvercorp's profit falls on lower Ying output

China-focused Silvercorp Metals posted a 31% fall in its quarterly profit on Wednesday as production at its flagship Ying mine eased.    Thursday , 09 Feb 2012

Burkina Faso plans social fund from gold revenues

Speaking from the sidelines of the 2012 African Mining Indaba in Cape Town, South Africa, the country's mines minister said the fund would go toward communities and the environment.    Wednesday , 08 Feb 2012

Nasdaq to offer cash-settled spot gold futures

The group will partner with IKON Global Markets, a U.S. futures commission merchant, to offer the 10-ounce contracts which will trade under the symbol NAU on the Nasdaq OMX Futures Exchange.    Wednesday , 08 Feb 2012

Nickel risks running out of steam as China demand eases

Industry analysts warn that the month-long rally in nickel prices could be lost as import demand from top buyer China eases due to a well supplied local market.    Wednesday , 08 Feb 2012

S.Africa's coal exports fall to 4.46mn T in Jan

The country's Richards Bay Coal Terminal exported 4.46 million tonnes of coal in January compared with 8.084 million tonnes the previous month, official data showed Wednesday.    Wednesday , 08 Feb 2012

Gecamines does not plan further sales to meet funding needs

CEO Ahmed Kalej Nkand says the firm has no plans to sell further assets to help it meet its funding needs, estimated at $631 million.    Wednesday , 08 Feb 2012

Ivanplats to shake up South Africa's platinum sector - Friedland

Robert Friedland reckons the 2010 discovery of the high-grade Flatreef ore body by Ivanplats at its Platreef complex in South Africa will position the company as the lowest cost producer of platinum in the world.    Wednesday , 08 Feb 2012

ANC mine study proposes 50% profits tax

The study, which was compiled after research trips to 13 countries ranging from Chile to Australia to Venezuela, rejected the call for mine nationalisation and proposed a 50% tax on profits instead.    Wednesday , 08 Feb 2012

Yesterday's Top Story: 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 the mine as one of the best high grade open pit base metal ops in the world.    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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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

 

Production

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Editor in Chief

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