Tuesday, March 13, 2012

MINEWEB.COM'S TOP STORIES: Mining companies may be losing $130bn annually to fraud - UK study

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TOP STORIES | Tuesday , 13 Mar 2012                                                     

Mining companies may be losing $130bn annually to fraud - UK study

A PKF/University of Portsmouth Centre for Counter Fraud Studies report suggests mining companies' haste for social acceptance in developing nations could cost them dearly.    Tuesday , 13 Mar 2012

Rusal's chairman quits, says firm faces "deep crisis"

Trading in the aluminium giant's shares was halted on Tuesday after the group's chairman quit stating that the company had, among other issues, become mired in debt    Tuesday , 13 Mar 2012

Rye Patch Gold wants to ban Coeur Rochester from claims, and open access

Rye Patch Gold is asking a Nevada court to keep Coeur geologists from exploring forfeited claims surrounding Nevada's only primary silver producing mine, now in the hands of Rye Patch.    Tuesday , 13 Mar 2012

Not a stellar year ahead for gold, but still positive

Gold may be back above $1,700 an ounce but there are a number of indications that 2012 is unlikely to be a stellar year for the yellow metal, albeit still probably a positive one.    Monday , 12 Mar 2012

Azumah commits C$20m on further exploration as gold mine construction decision nears

Azumah Resources commits to further aggressive drill program on its Ghana greenstones as it works on a feasibility study for a 100,000 ounce per year gold mine at Wa in Ghana.    Tuesday , 13 Mar 2012

Toyota, Matamec get cosier on rare earths project in Quebec

A Canadian junior and a major automaker take another step in the assessment of the potential for developing a joint venture on the latter's Kipawa rare earth project in Quebec.    Monday , 12 Mar 2012

Forex losses hit Coal of Africa results

US$44m in Foreign exchange losses weighed heavily on Coal of Africa's H1 results but the group said, assuming a stable rand dollar exchange rate over the next six months, a recovery was on the cards    Monday , 12 Mar 2012

Mill shutdown sees Silver Standard profit fall 88%

The miner said profit for the quarter was $2.6m compared with $21.8m in Q3 as a result of shut downs at its Pirquitas mine in Argentina    Tuesday , 13 Mar 2012

POSCO undaunted by Australian iron ore partner's family feud

The firm says it will go ahead with its plans to expand its stake in the Roy Hill iron ore project, despite a feud brewing between its partner, Gina Rinehart, and her children over the family business.    Tuesday , 13 Mar 2012

Miner dies at Alpha Natural's W. Virginia coal mine

The man was struck by material from the mine's side wall during the evening shift on Saturday at the Kingston #2 mine in Fayette County, Alpha Natural Resources said Monday.    Tuesday , 13 Mar 2012

Freeport McMoRan resumes work at Grasberg gold/copper mine

The company resumed work at its massive Grasberg mine as expected on Monday for the first time since a suspension on Feb 23.    Monday , 12 Mar 2012

Rare earths and other raw materials criticality revisited

Accessing a sustainable, and secure, supply of raw materials, particularly critical ones like rare earths, for industrial development, is going to become the number one priority for all countries.    Monday , 12 Mar 2012

Copper trades lightly ahead of US Fed meeting

Prices firmed early Thursday, although most investors stayed on the sidelines ahead of a key U.S. Federal Reserve meeting on possible monetary easing.    Tuesday , 13 Mar 2012

Yesterday's Top Story: Does gold rise with inflation or is it just rising anyway?

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.    Monday , 12 Mar 2012

PODCASTS / RADIO                                                     

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.

Finance and exploration in the junior mining sector - Kerry Smith

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.

Peru, politics and the factors leading to mining-related social unrest - Luquman Shaheen

Luquman Shaheen, CEO of Peruvian explorer Panoro Minerals, explains the political and social complexities facing miners and explorers in Peru

 

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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
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The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

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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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