Wednesday, March 28, 2012

MINEWEB.COM'S TOP STORIES: Capex, Glencore turn Xstrata's outlook negative for S&P

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FEATURED PODCAST                                                     

The CPM Gold Year Book - Jeff Christian

According to the CPM Group's Jeff Christian gold is unlikely to fall much below $1,400 during the next decade but investors are likely to start focusing more attention on gold stocks
 

TOP STORIES | Wednesday , 28 Mar 2012                                                     

Capex, Glencore turn Xstrata's outlook negative for S&P

Xstrata's heavy capital expenditure program, combined with Glencore's planned $6.1 billion acquisition of grain handler Viterra has S&P analysts concerned about Xstrata's debt outlook.    Wednesday , 28 Mar 2012

Gold unlikely to break records in 2012 - CPM

Gold prices averaged $1,527/oz last year, touching a record high settlement price of $1,889.90 in August 2011. CPM says prices are unlikely to reach that record high again in 2012.    Wednesday , 28 Mar 2012

Jerritt Canyon gold mine no longer MSHA Pattern of Violations risk

The Jerritt Canyon gold mine near Elko, Nevada, has been removed from a MSHA list targeting U.S. mines with a potential pattern of significant and substantial mine safety violations.    Wednesday , 28 Mar 2012

More high-grade gold for Perseus in Côte d'Ivoire

Perseus Mining sees potential in new deposits as its drill crews hit more gold in the Côte d'Ivoire.    Wednesday , 28 Mar 2012

$2,000/oz gold "reachable" this year - Newmont Mining

When asked where he sees the gold price this year, CEO Richard O'Brien said the metal was headed up and could rise to record levels of $2,000 per ounce.    Wednesday , 28 Mar 2012

Miners turning to alternative funding as debt dries up - Franco Nevada

CEO David Harquail says demand for alternative funding like stream deals or royalties is at an all-time high as miners are wary of turning to equities markets to raise money.    Wednesday , 28 Mar 2012

Lumina steps-up drilling after step-out holes hit more copper, gold, moly in Argentina

Lumina copper hits its longest copper-gold-moly intercept to date and, more importantly, it sees significant mineralization in wide step-out drilling.    Tuesday , 27 Mar 2012

India's import duty stifles diamond "round tripping"

Duties on polished diamond imports have curtailed the repeated export and import of polished diamonds leading to a sharp decline in exports, a healthy sign government says    Tuesday , 27 Mar 2012

Unions to step up strike action against 7 BHP coal mines

According to a BHP spokesman, a new impasse has been reached and it will go back to its employees to seek "guidance" on the way forward    Wednesday , 28 Mar 2012

Evraz's 2011 net profit misses forecasts by 31%

Russia's largest steelmaker, Evraz, says it expects the near-term outlook for the global steel industry to remain challenging after its 2011 net profit missed market expectations by 31%.    Wednesday , 28 Mar 2012

Crocodile Gold hikes 2012 output after buying AuRico mines

The miner has increased its production outlook for 2012 to 230,000-250,000 gold ounces as it expects to benefit from its newly acquired Stawell and Fosterville gold mines in Australia.    Wednesday , 28 Mar 2012

Alcoa to keep Italian smelters open, looking for buyers

After hours of meetings with unions and the Italian government, Alcoa has agreed to keep its Italian smelter open until September 1 while it looks for a buyer    Wednesday , 28 Mar 2012

Jubilee Platinum's shares at five-month lows

Shares in the platinum miner have dropped as much as 7.4%, the lowest intraday price since Oct. 10 after its loss per share in the six months through December widened.    Tuesday , 27 Mar 2012

Yesterday's Top Story: Does gold come before the dollar's fall?

Julian Phillips looks at how the US dollar rose to its position as sole global reserve currency and why it is unlikely to retain the title in the longer term    Tuesday , 27 Mar 2012

PODCASTS / RADIO                                                     

Changes to copper's supply outlook

Intierra's Paul Dewison looks at how the supply demand balance within the copper market is likely to change over the next few years as new supply comes on stream and demand patterns shift

The longer term impact of India's attempts to curb gold imports

The vice-chairman of India's Gems and Jewellery Export Promotion Council, Sanjay Kothari, looks at the reasons behind the curbs, the strike and likely way forward for India's gold market.

Gold smuggling in India, the dollar carry trade and Central Bank buying

Julian Phillips looks at some of the major talking points in the gold market currently and why the long term outlook for the metal remains buoyant

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

 

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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


Sales and Marketing
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Wendy Hora, Australasia

 

Production

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