Tuesday, March 20, 2012

MINEWEB.COM'S TOP STORIES: Australian mining tax to be tested in Queensland election this weekend

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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                                                     

The reasons behind platinum's strong performance in 2012

Johnson Matthey's Publications manager looks at the reasons for the metal's strong run and its relationship to gold
 

TOP STORIES | Tuesday , 20 Mar 2012                                                     

Australian mining tax to be tested in Queensland election this weekend

It took over two years and one prime minister but, Australia's government finally has a mining resource tax.    Tuesday , 20 Mar 2012

What anthracite, Faberge Eggs and extinct gold mines have in common

A look at the old heads at the top of three fairly new companies, Village Main, Petmin and Pallinghurst how they have done so far and some of their plans for the future    Monday , 19 Mar 2012

Gold to average $1800 this year despite big supply surplus - GFMS

Thomson Reuters GFMS's Philip Klapwijk presented his views on gold, silver, platinum and palladium at the Mines & Money conference in Hong Kong    Tuesday , 20 Mar 2012

China digs in its heels over rare earths exports

China is unlikely to bow to any WTO pressures to relax its export controls on rare earth elements - certainly according to statements at top ministerial level emanating from Beijing.    Tuesday , 20 Mar 2012

Fortescue Metals retains counsel to appeal Australia's new 30% mining tax

Political opponents, state governments, a major mining company and Australian mining associations could become strange bedfellows in the battle to rescind Australia's new Minerals Resources Rent Tax.    Tuesday , 20 Mar 2012

PNG the worst country for mining project political risk - Behre Dolbear

The United States is the worst ranked nation in terms of mining permitting delays, while South Africa mining projects may encounter more corruption and social risk factors.    Tuesday , 20 Mar 2012

Gold, commodities and West Africa - the opportunities: Mark Lackey

Mark Lackey sees particular promise among small-cap gold equities in West Africa and feels that now might be a good time for investors to look to Africa for upside potential. Gold Report interview    Tuesday , 20 Mar 2012

First Uranium shareholders object to AngloGold, Gold One asset sales

A group of First Uranium's shareholders sent a letter to the boards of AngloGold and Gold One explaining its objections to the planned sales of its South African assets, saying the deals are being done too cheaply.    Tuesday , 20 Mar 2012

Another SA steel mill won't work says Evraz Highveld Steel CEO

The group announced a loss for the year of R15m, a significant improvement on last year's loos of of R383m but the steel maker said imports are squeezing its order book    Monday , 19 Mar 2012

Deutsche Bank to open London gold/silver vault next year - FT

The Financial Times reports that the bank has plans to open a new precious metals vault in London next year, seeking to cash in on booming investor demand for physical gold and silver.    Tuesday , 20 Mar 2012

Anglo shopping for African, Australian iron ore assets

Head of business development for iron ore and coal, James Harman, says the company is looking to buy iron ore mines in Australia and Africa to increase its footprint in the sector.    Tuesday , 20 Mar 2012

Rio Tinto accepts Chinese offer for 14% Extract stake

The offer, worth A$8.65 per share, was accepted Monday by Rio Tinto and follows that made for its separately held stake in Extract's 42% shareholder, Kalahari Minerals.    Tuesday , 20 Mar 2012

Polyus Gold abandons plans to move to London

The Russian miner has withdrawn its request for government permission to relocate to London, which was seen as a step towards it eventually gaining membership of the FTSE-100 index.    Tuesday , 20 Mar 2012

India's NALCO issues 6,000t aluminium tender

The tender will see the export of 3,000 tonnes of aluminium ingots and aluminium sows each and will be shipped in batches from April to June.    Tuesday , 20 Mar 2012

Iron ore buyers cautious, low-grade cargoes sought

Traders say iron ore buyers are a bit more cautious about Australian and Brazilian cargoes and are asking for low-grade fines as the outlook for steel demand remains blurry.    Tuesday , 20 Mar 2012

Yesterday's Top Story: Cost overruns, write downs leave Kinross Gold priced for takeover

With the miner's stock having fallen by nearly half since September, bankers see it a target for bigger players who are always on the hunt for deposits to replenish their reserves.    Monday , 19 Mar 2012

PODCASTS / RADIO                                                     

David Garofalo on M&A in the Canadian mining sector

The President and CEO of Hudbay Minerals comments on the Canadian mining sector M&A scene, leveraged buyouts and asset spin-offs.

Ecuador starting a new mining era - Santiago Yepez

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.

Gold and silver provide an anchor of value - Michael Cuggino

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.

Patricia Mohr on metals demand and the impact of potentially rising oil prices

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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Date: 19 March 2012 - 23 March 2012
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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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