Wednesday, February 22, 2012

MINEWEB.COM'S TOP STORIES: Strong PGM prices, higher output make 2011 a good year for Stillwater

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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

 

FEATURED PODCAST                                                     

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
 

TOP STORIES | Wednesday , 22 Feb 2012                                                     

Strong PGM prices, higher output make 2011 a good year for Stillwater

Stillwater Mining's fourth-quarter results beat analysts' estimates, thanks to higher PGM prices and strong PGM production.    Wednesday , 22 Feb 2012

Despite setbacks, higher silver prices see Hecla look ahead to strong future

Hecla Mining's board has declared a quarterly silver-linked dividend of 1-cent per share with the aggregate fourth-quarter dividend of $0.0125 per share for a total amount of $3.6 million.    Wednesday , 22 Feb 2012

Brigus conquers grade at its Black Fox gold mining operations

Brigus Gold looks to have turned a corner on gold grade in early 2012 after wrestling with underground dilution last year at its Black Fox gold mine near Timmins, Ontario as it builds up production.    Tuesday , 21 Feb 2012

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

China may grab top gold spot as Indian imports fall

Analysts forecast China may overtake India as the world's leading gold consumer this year on expectations that imports could drop for the first time in three years.    Tuesday , 21 Feb 2012

European Goldfields, Eldorado shareholders in favour of merger

The companies held two separate shareholder meetings on Tuesday and both were in favour of the C$2.5 billion friendly takeover by Eldorado Gold.    Wednesday , 22 Feb 2012

Alcan wants Japan Q2 aluminium premiums hikes to $132/t- sources

The demand was made in a letter sent ahead of the official start of negotiations next Monday, two sources involved in informal talks between the two sides said on Wednesday.    Wednesday , 22 Feb 2012

World No. 3 copper mine halts ops after accident fatality

Collahuasi copper mine, jointly owned by Anglo American and Xstrata, has halted all operations pending accident investigation after a fatality at the mine's sulfide plant.    Tuesday , 21 Feb 2012

Australia's Coalspur Mines trades near oversold levels

The coal exploration company's stock is trading close to its support level of A$1.52 and has reversed from this level previously.    Wednesday , 22 Feb 2012

Copper softens a touch; China's manufacturing data weigh

Prices edged down 0.4% to $8,419.50 a tonne on Wednesday but have a chance to break higher with seasonal demand picking up in the medium term, and liquidity in China increasing.    Wednesday , 22 Feb 2012

Alcoa, CPI to establish aluminium products JV in China

The companies signed the agreement in Beijing to set up the JV company, which will be based in Shanghai, to produce high-end fabricated aluminium products for the Chinese market.    Wednesday , 22 Feb 2012

Global steel output drops; China down 13%

Newest data from the World Steel Association showed on Tuesday that global steel production fell in January, with output in China down 13%, as industrial demand remained weak.    Wednesday , 22 Feb 2012

Mosaic settles lawsuit over Florida phosphate mine expansion

As part of the settlement, Mosaic will expand its South Fort Meade phosphate mine and donate 4,171 recently purchased acres that environmental groups want turned into a state park.    Wednesday , 22 Feb 2012

China Steel to invest in Australian coal project

Taiwanese steelmaker, China Steel, will pay $104 million to invest in a coal mine in Australia and take rights to 10% of the future output, in a move to counter the impact of higher coal prices.    Tuesday , 21 Feb 2012

Yesterday's Top Story: Gold to $6,000 plus - eventually - and silver growth even more explosive: McCoach

Greg McCoach feels gold is ultimately headed above $6,000/oz and silver into the hundreds of dollars and gives reasons for his optimistic projections. Interview with The Gold Report    Tuesday , 21 Feb 2012

PODCASTS / RADIO                                                     

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.

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

 

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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
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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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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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