Friday, March 16, 2012

MINEWEB.COM'S TOP STORIES: Canadians could join Glencore in Viterra bid

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TOP STORIES | Friday , 16 Mar 2012                                                     

Canadians could join Glencore in Viterra bid

News media reports say western Canadian agri-business companies Agrium and Richard may be joining Glencore in a rumored US$5.49 billion bid for Viterra.    Friday , 16 Mar 2012

Peru's illegal miners suspend protests, resume talks

Talks between unions representing illegal miners and Peru's Council of Ministers are scheduled to resume Monday after 3 protestors died during a riot that erupted during Wednesday's protest.    Friday , 16 Mar 2012

Iron ore exports from India to China set to rise

Indian Railways decision to slash export freight charges by around 30% has given the country's iron ore exports a new lease of life    Thursday , 15 Mar 2012

Harmony's 'Human Gold' to become shareholders to the tune of R1bn

A new share scheme created to align employees and shareholders of Harmony Gold, will benefit over 33,000 employees at a cost of around R1bn    Thursday , 15 Mar 2012

Strong fundamentals driving Latin American silver mining developments

Some key players in the silver mining sector, dominated by Latin American production, give their views on the precious metal and the factors driving some of the silver mining majors and juniors.    Thursday , 15 Mar 2012

Grasberg won't return to full production until Q2 - Freeport

Following a three-month strike at its Grasberg copper/gold mine, U.S. miner Freeport McMoRan has lowered its Q1 sales outlook for both copper and gold.    Friday , 16 Mar 2012

Rio Tinto suspending some iron ore ops ahead of cyclone

With tropical cyclone Lua expected to hit the Pilbara early on Saturday, the miner said Friday it was in the process of suspending operations at the Dampier and Cape Lambert terminals.    Friday , 16 Mar 2012

RUSAL to pick new chairman to replace Vekselberg

The company is expected to pick a new chairman on Friday after parting ways with Viktor Vekselberg who quit as chairman on Tuesday, blaming management for overburdening the company with debt.    Friday , 16 Mar 2012

KORES earmarks $532m for overseas acquisitions

Korean Resources says the funds will be invested this year for overseas resource development and is looking into acquiring stakes in bituminous coal mines in Indonesia and North America.    Friday , 16 Mar 2012

Australia's iron ore ports shut as cyclone nears

The country's major ports were shut down Friday as Cyclone Lua swept toward the Pilbara iron ore mining belt coastline.    Friday , 16 Mar 2012

Chinese copper demand to defy doubters - Arubis CEO

The head of Europe's biggest copper producer, Peter Willbrandt, says, despite forecasts of lower growth in the country, Chinese copper demand will be strong this year.    Thursday , 15 Mar 2012

Gold bullishness at two month low

Hedge funds cut bets on a rally in the gold price by the most since August 2008 on speculation a strengthening US economy will stop the Fed from buying more debt    Friday , 16 Mar 2012

Three reasons platinum is reasserting itself

Platinum is up 18% over the last 3 months and there are good reasons why it makes sense not to take profits just yet    Thursday , 15 Mar 2012

Yesterday's Top Story: 3 dead, scores injured as illegal miners' protest turns deadly in Peru

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

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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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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