Tuesday, February 14, 2012

MINEWEB.COM'S TOP STORIES: Obama budget again seeks hardrock mining royalty, new abandoned mine fees

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FEATURED PODCAST                                                     

The scarcity factor in uranium, China and continued consolidation

Dundee Capital Markets' David Talbot looks at the lay of the uranium landscape in the wake of the Fukushima disaster
 

TOP STORIES | Tuesday , 14 Feb 2012                                                     

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

BHP, Rio Tinto approve $4.5bn Escondida mine expansion

The $4.5 billion expansion of the massive Escondida copper mine in Chile is planned to increase the mine's reserve estimate by 25%.    Tuesday , 14 Feb 2012

MSHA mine plan approval delays to increase in FY 2013

Approvals of mine ventilation and roof plans face more delays in the Obama Administration's proposed 2013 MSHA budget, as increased enforcement of mine safety violations remains a priority.    Tuesday , 14 Feb 2012

Lithium offtake talks 'advanced' - Canadian Lithium says

Canada Lithium gets C$92 million in debt and leases, adding to over C$100 million it raised about a year ago, while forging ahead on offtake agreements.    Tuesday , 14 Feb 2012

Quebec regulator wants additions to Orbite Aluminae alumina/REE studies

Orbite Aluminae outlined a list of additional information it has to provide Quebec regulators, who have apparently decided its Grande Vallée alumina and rare earths scoping study and resource estimate require further detail.    Monday , 13 Feb 2012

Highland Gold puts positive spin on Barrick divestment

With world No.1 gold miner Barrick intending to sell its stake in Russia's Highland Gold, the latter reckons the extra liquidity in its stock may give it a boost - but its share price fell nonetheless.    Monday , 13 Feb 2012

DRDGold's Q2 earnings up 65% on unchanged output

The miner reported a 65% rise in its second-quarter earnings on Tuesday, as it continued to capitalise on the higher gold price.    Tuesday , 14 Feb 2012

Aviva and Base Resources cranking up mining in Kenya with gold and mineral sands projects

Kenya is looking to new mining ventures in industrial metals and gold to assist the country in its bid to diversify away from its traditional agricultural focus.    Monday , 13 Feb 2012

Sundance plans Mbalam iron ore project update for Feb 16

Australian miner Sundance Resources plans to update the market on the approvals process for its Mbalam iron ore project in West Africa by Thursday, seeking a trading halt on its shares.    Tuesday , 14 Feb 2012

SSAB postpones blast furnace restart on weak demand

SSAB has decided not to restart its Oxelsoeund furnace, which was temporarily shut last summer to carry out relining works, until market conditions improve.    Tuesday , 14 Feb 2012

Coal India posts 54% rise in Q3 net profit

The better-than-expected 54% in Coal India's net profit increase was bolstered by strong production volumes and a price increase effected last February.    Monday , 13 Feb 2012

Avion Gold starts underground production at Mali mine

West Africa-focused Avion Gold has started production at its new Tabakoto underground mine, which is scheduled to produce about 470,000 tonnes of ore this year.    Monday , 13 Feb 2012

Zambia's 2011 copper output eclipses 2010

Zambia's copper production rose to 869,058 tonnes in 2011 from 852,566 tonnes the previous year, the central bank said on Monday.    Monday , 13 Feb 2012

Winsway moves closer to $1bn Grand Cache takeover

The company secured regulatory approval from the Hong Kong Stock exchange to send its formal bid proposal for Grand Cache Coal Corp on Monday, moving closer to the nearly $1 billion takeover.    Monday , 13 Feb 2012

Amplats sees flat 2012 output

After falling short of its 2011 target due to a spike in safety stoppages in South Africa, the miner said Monday output will likely be flat this year.    Monday , 13 Feb 2012

The pros and cons of actually owning gold

Julian Phillips looks at the dangers investors face when owning gold in their home countries and the pros and cons of foreign vaults.    Monday , 13 Feb 2012

Yesterday's Top Story: Why Warren Buffett still doesn't like investing in gold

The Oracle of Omaha is certain that 100 years from now, when people are fearful, they will still rush into gold but, he still prefers stocks and productive assets.    Monday , 13 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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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

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Editor in Chief

Alec Hogg, Mooi River, SA

 

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