Wednesday, February 1, 2012

MINEWEB.COM'S TOP STORIES: WTO ruling on China’s raw materials exports may not ease REE constraints

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FEATURED PODCAST                                                     

Long term gold prices, short term speculators and macroeconomics - James Steel

HSBC's chief commodities strategist, James Steel, looks at the reasons behind last quarter's major fall and January's strong surge in gold prices
 

TOP STORIES | Wednesday , 01 Feb 2012                                                     

WTO ruling on China's raw materials exports may not ease REE constraints

Despite the successful challenge of Chinese export restrictions on raw materials at WTO, the European Commission and the United States probably won't make much headway on China's REE quotas.    Wednesday , 01 Feb 2012

Copper emerges as star performer-Scotiabank Commodity Price Index

Scotiabank economist, Patricia Mohr, suggests the gold bull run is intact with Scotiabank's Commodity Price Index price forecast revised up to an average of $1,750 for 2012.    Wednesday , 01 Feb 2012

In major course change, Verde goes all-in on conventional potash

Verde Potash looks to take on conventional potash giants in Brazil with its Cerrado Verde project.    Wednesday , 01 Feb 2012

Anti-German backlash could boost gold and silver

German arrogance that it has the only solution to the Eurozone crisis could misfire and precipitate break-up with uncertainty boosting gold and silver prices.    Tuesday , 31 Jan 2012

Seafield heading toward 2m ounces gold at Miraflores, looks to 100k mining op

Since taking on Miraflores a couple years ago Seafield has doubled the gold count. Now it is ready to outline the project as a ~100,000 ounce per year mine.    Tuesday , 31 Jan 2012

Atlas Copco sees weaker 2012 demand after record year

Atlas Copco has forecast a weaker demand for most construction equipment this year due to growing global economic uncertainty, despite posting a record full-year profit in 2011.    Wednesday , 01 Feb 2012

Norsk Hydro writedowns to hit Q4 results

On the back of worsening markets in Australia and southern Europe, the Norwegian firm plans to write down its asset values by 1.3 billion Norwegian crowns, measures that could weigh on its fourth-quarter results.    Wednesday , 01 Feb 2012

Newmont still evaluating Hope Bay project

The miner said Tuesday it continues to explore development options and economic feasibility of its Hope Bay project in the Canadian Arctic, and has set aside care and maintenance funding for it.    Wednesday , 01 Feb 2012

Antwerp battles competition from India, Dubai

Without giving details, Antwerp authorities said they plan to announce a new strategy to safeguard the city's position as a diamond trade hub at a one-day event to be held on Feb. 8.    Wednesday , 01 Feb 2012

France must extend lifespan of existing nuclear reactors - audit

The French Court of Audit published a report Tuesday recommending the country extend the lifespan of existing nuclear reactors as "there are few choices left".    Wednesday , 01 Feb 2012

The reasons behind gold's break out

The knee jerk assumption is to place all the credit on the Fed's doorstep but, Julian Phillips believes there are other factors at play in what is, increasingly, a one way market    Tuesday , 31 Jan 2012

Rio Tinto accepts CGNPC for Kalahari

Global miner Rio Tinto has accepted CGNPC's offer for its shares in Kalahari Minerals, the major shareholder in the giant Husab uranium project in Namibia.    Wednesday , 01 Feb 2012

Vale/China iron ore ship dispute deepens

China closed off its ports on Tuesday, denying Brazilian miner Vale access to berth its giant iron ore carriers, a move likely to worsen the growing trade dispute between the two countries.    Wednesday , 01 Feb 2012

Uranium output at Rio Tinto's ERA to recover in 2012

Energy Resources of Australia says it expects uranium output to recover to between 3,000 and 3,700 tonnes this year after mining interruptions drove it to a A$154 million loss in 2011.    Wednesday , 01 Feb 2012

Botswana lifts new coal prospecting permits ban

Speaking at a coal conference in Gaborone, Botswana President Ian Khama, said the country was lifting the ban on new prospecting licences for coal, coal-bed methane and related minerals.    Wednesday , 01 Feb 2012

Greenpeace storm Romanian environment ministry over gold mine

About 20 Greenpeace activists from Romania, Hungary, Germany, Austria, Italy and Slovenia descended on Romania's Environment Ministry on Tuesday in a bid to halt the approval for the proposed gold mine in Rosia Montana.    Tuesday , 31 Jan 2012

Yesterday's Top Story: Vale suspends ops at all 5 Sudbury mines after 3rd fatality in 7 months

The death of miner Stephen Perry at Vale's Coleman Mine Sunday has led to the suspension of mining operations at five Vale mines in Sudbury.    Tuesday , 31 Jan 2012

PODCASTS / RADIO                                                     

Oil, metals, and a mixed world economy - Hale

David Hale looks at how commodities are likely to fare in 2012 given the very mixed global economy and the wild card that is oil.

Gold, China and Quantitative easing to infinity - Embry

Sprott Asset Management's John Embry believes that the prospect of global "Weimar situation" is very real and bullish for gold

Platinum outlook and difficulties within the PGM basket

Standard Bank's Walter de Wet looks at the reasons behind platinum's recent price performance and the outlook for PGM basket prices

 

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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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