Thursday, February 23, 2012

MINEWEB.COM'S TOP STORIES: Pan American increases silver reserves, much with brownfield exploration

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These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com

 
 

TOP STORIES | Thursday , 23 Feb 2012                                                     

Pan American increases silver reserves, much with brownfield exploration

Based on the success of its 2011 exploration program, Pan American Silver intends to spend at least $23.3 million this year on exploration to maintain and increase its silver reserve figures.    Thursday , 23 Feb 2012

South African project may host highest grade rare earths deposit outside China

Frontier Rare Earths' Zandkopsdrift hosts one of the largest and highest grade known rare earths deposits outside China and could be on stream by mid-2015. It has KORES deal to help achieve this.    Thursday , 23 Feb 2012

Yamana Gold adjusted earnings up 59%, GEO reserves increase 11%

Yamana Gold CEO Peter Marrone says the company's focus will continue to be on the delivery of growth in mineral resources, production, revenue and cash flow.    Thursday , 23 Feb 2012

Gold Standard zeroes in on high grade gold in blind Nevada target

Gold Standard hits its best gold drilling intercepts yet in Nevada on its Railroad property, and is looking for even better grades, exciting investors on Wednesday.    Thursday , 23 Feb 2012

How short and long term players will combine for a gold price increase

Although both short and long term gold players may be working from different agendas, current economics may set the stage for both to contribute to a rising gold price.    Thursday , 23 Feb 2012

India's Vedanta to restructure businesses to form mining giant

Vedanta is to restructure its holdings in Sterlite Industries and Sesa Goa, with a potential merger ensuring Vedanta Resources becomes a $8.1bn mining giant with the third biggest profit in the private sector in India.    Thursday , 23 Feb 2012

Life of mine gold output now put at 7 million ounces by Pretium

In an updated scoping study Pretium projects tripling production to near seven million ounces gold life of mine at its Brucejack project.    Wednesday , 22 Feb 2012

India's 2012/13 gold imports may fall 35% - govt panel

According to a report on India's economy presented Wednesday, tough economic conditions could curb gold imports, pushing shipments by about 35% in value terms in 2012/13.    Thursday , 23 Feb 2012

Higher prices lift Exxaro's FY profit 40%

South African diversified miner Exxaro said Thursday its full-year profit rose 40%, helped by strong demand and higher prices for the majority of its commodities.    Thursday , 23 Feb 2012

Barberton gold success proving Pan African sceptics wrong

Pan African CEO, Jan Nelson, says the results from its Barberton Mine have answered a lot of the questions that were asked of management when they acquired it five years ago.    Wednesday , 22 Feb 2012

Lynas Corp's Malaysia rare earths plant faces further delays

Residents in the Kuantan area, Malaysia, have asked a court to delay start-up of Lynas Corp's rare earths plant and want a review of the government's decision to give it a temporary operating license.    Thursday , 23 Feb 2012

Aguablanca nickel-copper mine suspension sees Lundin Q4 profit fall 71%

Suspension of ops at Lundin's Aguablanca nickel-copper mine in Spain was main reason for a sharp fall in Q4 earnings.    Thursday , 23 Feb 2012

Implats strike to cut April platinum deliveries 50%

Implats group executive for marketing, Derek Engelbrecht, said in a letter to end-users Wednesday the April platinum deliveries would be down about 50% due to labour protests at its Rustenburg mine.    Thursday , 23 Feb 2012

Cadillac shares rocket on Utah gold intercepts

Financing gods willing, Cadillac draws plans for a more concerted effort to hunt for more gold in Utah.    Wednesday , 22 Feb 2012

Sherritt posts 34% profit drop on price declines

For the quarter ended December 2011, Sherritt International Corp posted a 34% drop in profits, hurt by lower nickel and cobalt prices.    Thursday , 23 Feb 2012

Spot iron ore edges up in nervous trading

Spot iron ore prices have been rising a little despite high Chinese inventories and nervousness on the direction of demand there    Thursday , 23 Feb 2012

Novagold begins process to sell 50% Galore Creek stake

The company has begun talking with potential buyers to sell its 50% stake in the Galore Creek copper-gold project in British Columbia and expects a sale by the end of the year.    Thursday , 23 Feb 2012

Impala boardroom set alight

Violent protests at Impala Platinum's Rustenburg operations escalated Wednesday morning after a boardroom at shaft 7A was set on fire.    Wednesday , 22 Feb 2012

Yesterday's Top Story: What the Greek bailout means for gold and silver

For Julian Phillips, the Greek debt crisis is a symptom of a longer-term, larger currency problem that will inevitably be a boost to gold.    Tuesday , 21 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.

 

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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

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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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