| 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 , 15 Mar 2012 | | As government talks broke down this week, at least 10,000 informal miners took to the streets in a violent attempt to wrest control of Puerto Maldonado from authorities. Thursday , 15 Mar 2012 | | The latest Conference Board of Canada territorial economic forecast says mining has helped economic growth in the territories far surpass that of the rest of Canada. Thursday , 15 Mar 2012 | | Even as Indians shy away from buying gold jewellery due to the current high price, demand for gold as an investment is soaring with new gold ETF launches at an all time high and assets nearly tripling end February Wednesday , 14 Mar 2012 | | Early stage exploration is the name of the game for Seabridge Gold this year at Courageous Lake; is there another multimillion ounce gold deposit to be found? Wednesday , 14 Mar 2012 | | China's annual gold production continues to grow comfortably maintaining its position as the world's biggest gold miner assuming official statistics tell the full picture - which they may not! Wednesday , 14 Mar 2012 | | NMDC has embarked on various initiatives to transform itself into a world class ecofriendly miner and is set to acquire a number of overseas mining projects. Wednesday , 14 Mar 2012 | | CEO David Brown said Wednesday the Zimbabwean government will have to buy the 31% stake it wants in Zimplats or it will not be transferred to local investors. Thursday , 15 Mar 2012 | | A source familiar with the matter says Harry Winston is one of several potential suitors circling BHP Billiton's majority stake in the Ekati diamond mine in Canada. Thursday , 15 Mar 2012 | | The company says the situation at its Daw Mill colliery in central England has reached "crunch point" and continued operation is no longer sustainable. Thursday , 15 Mar 2012 | | The South African open pit miner said the reason it has declared the dividend prior to issuing its annual results was to save shareholders from having to pay extra tax Wednesday , 14 Mar 2012 | | The miner said Wednesday the Supreme Court of Justice had suspended the order for it to pay billions to Brazilian tax authorities in a double-taxation dispute over its foreign operations. Thursday , 15 Mar 2012 | | After the miner's high-yield bond sale in the US, to raise $1 billion, was roughly five times oversubscribed at favourable pricing, it opted to double the raising. Thursday , 15 Mar 2012 | | The West Africa-focused miner posted a 25% rise in quarterly profit on Wednesday, helped by increased gold production and higher prices. Wednesday , 14 Mar 2012 | | A port official said Thursday preparations are being made to shut down Port Hedland, Australia's largest iron ore export terminal, ahead of Tropical Cyclone Lua. Thursday , 15 Mar 2012 | | The miner has raised the measured and indicated gold resources at its Seabee property in Saskatchewan 43% to 70,700 gold ounces. Wednesday , 14 Mar 2012 | | Viktor Vekselberg, who quit as chairman Tuesday, saying the heavily indebted firm was in "deep crisis", is considering suing over accusations that he failed to fulfil his duties as its chairman. Wednesday , 14 Mar 2012 | | An Australian TV programme on a gold swindle brings home the fact that stealing gold and selling it at the time would have been less profitable than just holding it and letting it appreciate. Wednesday , 14 Mar 2012 | | First global central banks have been increasing gold reserves after many years of reducing them, now there seems to be a move towards repatriation of those reserves which are held in foreign vaults. Wednesday , 14 Mar 2012 | | The President and CEO of Hudbay Minerals comments on the Canadian mining sector M&A scene, leveraged buyouts and asset spin-offs. | | President of the Ecuadorian CoM talks about the signing of the first mining exploitation contract with Chinese-backed EcuaCorriente and efforts by government to improve the tax regimen for foreign miners. | | Fund portfolio manager Michael Cuggino sees commodities continuing to trend upwards with demand growing faster than supply, with gold, and to a lesser extent silver, providing an alternative to paper currencies. | | U.S. economic growth, China's social housing programme, Eurozone difficulties and oil prices all likely to impact metals demand in 2012. | | |
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Timmins Gold Corp Announces Updated Resource Estimates for the San Francisco Gold Project Vancouver, British Columbia. Timmins Gold Corp ("Timmins Gold" or the "Company") (TSX:TMM, NYSE.A:TGD) is pleased to announce an updated resource estimate for the San Francisco Gold Project in the state of Sonora, Mexico. The last update was announced on September 20, 2011. The mineral resource estimate was audited by Micon International Limited (Micon) of Toronto, Ontario, using the Canadian Institute of Mining ("CIM") definitions for Mineral Reserves as required by NI 43-101. The updated mineral resource for the San Francisco Project which includes the nearby La Chicharra open pit is derived from information obtained from a drill program of 370 holes of core and reverse circulation drilling totaling 85,166 metres completed between July, 2011 and November, 2011. The past producing La Chicharra open pit is located 1.5 kilometres west of the San Francisco open pit. For the full release, click here | | | | | | | | | | | CONFERENCES | Mines & Money Hong Kong | | Date: 19 March 2012 - 23 March 2012 | | Venue: Hong Kong Convention and Exhibition Centre, Hong Kong | | Now in its 5th year, the conference and exhibition continues to go from strength to strength and is fast becoming established as Asia's number one event for mining investment. Read More | | 2012 New York Hard Assets Investment Conference and Exhibition | | Date: 14 May 2012 - 15 May 2012 | | Venue: Marriott Marquis Hotel, Times Square, New York | | The New York Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Mineweb will be in attendance. Read More | | | | | | FEATURED
COMPANY | 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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