Thursday, March 8, 2012

MINEWEB.COM'S TOP STORIES: NWMA joins the fight against 1m-acre Grand Canyon mining ban

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TOP STORIES | Thursday , 08 Mar 2012                                                     

NWMA joins the fight against 1m-acre Grand Canyon mining ban

The Obama Administration's decision to withdraw one million acres removes from production a significant portion of one of the U.S. richest uranium reserves, the NWMA contends.    Thursday , 08 Mar 2012

Study sees little benefit in Pretium/Seabridge mega gold project

Pretium and Seabridge Gold have investigated the benefits of bringing together some 60 million gold ounces into a single project, but no advantage seen in the merger of these huge deposits.    Thursday , 08 Mar 2012

HudBay Minerals reports C$163.6m attributable loss for 2011

For the fifth consecutive year, HudBay Minerals has met its production targets for copper, zinc and precious metals.    Thursday , 08 Mar 2012

Can gold confiscation happen again? Part 2

In a previous article we recently addressed the question of whether The U.S Government might confiscate citizens' gold again. This follow-up delves deeper into the gold ownership situation.    Thursday , 08 Mar 2012

Indonesia rattles foreign miners with '51% after 10 years' ownership change

The new regulation will force foreign companies to sell down stakes in mines by the 10th year of production, with domestic ownership to be at least 51%.    Wednesday , 07 Mar 2012

Banro to set up second central Africa gold mine in a year

A $175 million debt financing that closed last week is expected to speed up development of Banro's second gold mine, at Namoya, in the Democratic Republic of Congo.    Thursday , 08 Mar 2012

Fortuna looking to quadruple silver production over 5 years

Now that its San Jose mine is up and running, Fortuna Silver is looking for acquisitions to help it meet its production target of 14 million oz silver in five years up from 3.7 million oz planned for 2012.    Thursday , 08 Mar 2012

Insight into Impala Platinum's 18% wage increases

Although it may seem that the Implats pay award to miners' was out of kilter with the rest of the industry it came as a result of an in-depth industry standard market review.    Thursday , 08 Mar 2012

Are South Africa's new platinum and silver ETNs exciting?

South Africa's ABSA bank plans to launch platinum and silver Exchange Traded Notes (ETNs). Will they prove to be as successful as the country's New Gold ETF?    Wednesday , 07 Mar 2012

Gold holds onto gains as Greek fears eased

The metal held onto the first gains it scored so far this week, as fears about a messy Greek default eased after signs it may be able to secure a crucial debt swap deal.    Thursday , 08 Mar 2012

Canada's Macusani to lift Peru uranium resource 50%

Macusani will release the official estimate next month on its uranium property in Peru that will boost the resource by almost 50%, CEO Peter Hooper said Wednesday.    Thursday , 08 Mar 2012

Ivanhoe Australia has commenced copper and gold production at Osborne

The Australian offshoot of Robert Friedland's Ivanhoe Mines has commenced copper and gold production at its Osborne acquisition.    Thursday , 08 Mar 2012

Impala Platinum makes "irrevocable offer" on Zim unit stake

The world's second-biggest producer has made an offer to hand over a 29.5% stake in its Zimplats unit to a state-run fund, Empowerment Minister Saviour Kasukuwere said Wednesday.    Thursday , 08 Mar 2012

Antofagasta CEO steps down with immediate effect

The copper miner says Marcelo Awad had resigned with immediate effect and will be temporarily replaced by chairman Jean-Paul Luksic until a successor is appointed.    Wednesday , 07 Mar 2012

Glencore raising new $6bn loan - extending existing too

Swiss commodities trading powerhouse Glencore is raising a $6 bn syndicated loan in connection with its Xstrata merger and also extending an existing $11.85 bn of existing loans.    Wednesday , 07 Mar 2012

One-day strike brings South Africa's mines to a halt

South African mine workers downed tools in a one-day strike called for by the Congress of SA Trade Unions showing its clout ahead of the ANC's leadership ballot due this year.    Wednesday , 07 Mar 2012

Ravensthorpe nickel mine set for 33,000 - 36,000 T yield

The mine, shut down in 2009 on weak metal prices, is expected to produce between 33,000 and 36,000 tonnes of nickel in 2012 after resuming commercial production.    Wednesday , 07 Mar 2012

Yesterday's Top Story: A volatile ride ahead to far higher gold prices

A sharp increase in gold price volatility from the second half of 2011 suggests gold is due for a major surge to perhaps as much as $4,000/oz by 2015, at which point growth could turn explosive.    Tuesday , 06 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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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


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Jan Chadwick, International
Wendy Hora, Australasia

 

Production

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Editor in Chief

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