| 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 | Monday , 12 Mar 2012 | | Already in the midst of a US$42.3 billion merger with Xstrata, Glencore is now reportedly making a bid for Canada's largest grain hauler, Viterra. Monday , 12 Mar 2012 | | "I can't believe what the [U.S. Attorney] did. We are emotional and at a loss for words. I wish they had not done anything. It would have been better than this"-- victim's sister Gayle McDonald. Monday , 12 Mar 2012 | | As mine building progresses on schedule in Guatemala, Tahoe adds fresh details to plans to expand what is set to be one of the world's top primary silver producing mines. Friday , 09 Mar 2012 | | Growth in resource nationalism has meant that it is no longer easy for miners to go somewhere else when the investment climate in a country turns cold Monday , 12 Mar 2012 | | Industry analysts reckon seabed mining could transform the mining industry, its attractiveness riding on high ore grades and dwindling metal supplies elsewhere, but see operating costs as a major hurdle. Friday , 09 Mar 2012 | | London-listed Nordgold has announced plans to invest $800 million through 2015 to increase reserves and boost output almost 60%. Monday , 12 Mar 2012 | | With serious inflation seen as inevitable by most analysts perhaps now is the time to buy gold as an inflation hedge - but data shows that gold has been moving up regardless since it was freed from its fixed $35/oz price in 1971. Saturday , 10 Mar 2012 | | Senior government officials said Friday the country's new law requiring foreign firms to divest majority ownership of mines applies to all miners and will form part of a planned renegotiation of all existing contracts. Friday , 09 Mar 2012 | | French nuclear group Areva's head of mining has resigned over his controversial role in the commissioning of a private report over the company's 2007 takeover of uranium explorer Uramin for some $2.5 billion - most of which has since had to be written off. Sunday , 11 Mar 2012 | | While continued concerns about sluggish growth in China took momentum away from the copper market, analysts say optimism about the rest of the global economy should cushion the price slide Monday , 12 Mar 2012 | | Carmen Copper Corp, a unit of Philippine miner Atlas, has raised $300 million from the sale of five-year fixed-rate notes, becoming the first local miner to tap the offshore debt market. Monday , 12 Mar 2012 | | Ghana's Chamber of Mines CEO Tony Aubynn expects this year's gold production to rise by a few percentage points after it shrunk in 2011. Friday , 09 Mar 2012 | | Chances to build reactors grew fewer after the Fukushima accident, with many developed states trying to wean themselves off nuclear, but South Africa plans to issue a tender for one of the world's biggest atomic power deals soon. Friday , 09 Mar 2012 | | The miner has restarted operations at its Cerro Bayo project in Chile after protestors removed blockades, allowing supplies in and out of the mine. Friday , 09 Mar 2012 | | The nuclear sector is on the cusp of a comeback, according to Mark Lackey, while uranium supply shortages loom on the horizon, making for bullish fundamentals for uranium miners. Energy Report interview. Friday , 09 Mar 2012 | | The Silver Institute says, "Silver is proving its mettle in 2012", thanks to solid investment demand so far this year outperforming other precious metals. Friday , 09 Mar 2012 | | 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. | | Kerry Smith of Haywood Securities talks about financing in the junior mining sector and the interface between juniors and bigger companies in JV situations and gives his views on the gold price in 2012. | | Luquman Shaheen, CEO of Peruvian explorer Panoro Minerals, explains the political and social complexities facing miners and explorers in Peru | | |
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Yellowhead Mining Reports Completion of Feasibility Study; Confirms Robust Economics Over a 28 Year Project Life Vancouver, BC; March 2, 2012 - Yellowhead Mining Inc. (TSX.V-YMI), "YMI" or "the Company") reports the results of the independent Harper Creek Feasibility Study ("FS").
Highlights - The project estimated pre-tax NPV8 is $749.7 million with an IRR of 20.2% for a 28 year project life at a milling rate of 70,000 tpd (25.55Mt/y), based on long-term metal price projections of US$2.50/lb Cu, US$1,250/oz Au and US$20/oz Ag, and a US$:Cdn$ exchange rate of 0.86:1.
- Capital costs are estimated at $838.95 million1 +/- 15% in Q4 2011 dollars, including contingency of 10% or $76.4 million.
- Life of Mine ("LOM") onsite cash operating costs, including precious metal credits, are estimated at US$0.95/lb Cu (US$0.80/lb for the first 5 years) and total onsite and offsite cash cost (including precious metal credits) is estimated at US$1.56/lb Cu.
- LOM2 cash operating costs per tonne milled are estimated as follows: Mining $2.82; Milling $3.12; Site Services $0.28; General & Administrative $0.38 for a total of $6.60/t milled.
- The project as designed is expected to produce a total of 3.63 billion pounds of copper, 372,000 ounces of gold and 14 million ounces of silver contained in concentrate.
For full release, click here... | | | | | | | | | | | CONFERENCES | Investing in Asian Mining Indaba | | Date: 29 October 2012 - 31 October 2012 | | Venue: Marina Bay Sands, Singapore | | he organisers of the world's largest mining investment event, Investing in African Mining Indaba, will bring its successful business event platform to Asian soil: Investing in Asian Mining Indaba will be held 29-31 October 2012 at the Marina Bay Sands Singapore, www.AsianMiningIndaba.com. The An... 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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