Friday, March 30, 2012

MINEWEB.COM'S TOP STORIES: Proposed 2012 Canadian budget extends 15% mineral exploration tax credit

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FEATURED PODCAST                                                     

South Africa's new Platinum "mega mine" - Gilbertson

The creation of a R23bn platinum mining business to rank as No 4 in the world.
 

TOP STORIES | Friday , 30 Mar 2012                                                     

Proposed 2012 Canadian budget extends 15% mineral exploration tax credit

The Canadian government announced it will streamline the permitting process for major Canadian mining projects, using the proposed "one project, one review" legislation.    Friday , 30 Mar 2012

Pallinghurst's platinum plans progress

Shares in Pallinghurst Resources jumped almost 13% on news it has joined forces with South Africa's IDC and the Bakgatla community to create a platinum "mega mine".    Thursday , 29 Mar 2012

Goldman Sachs forecasts $1,940/oz gold over the next 12 months

Subdued U.S. growth in 2012 will likely support gold prices, "although risks to our constructive view our rising," say Goldman Sachs commodities analysts.    Friday , 30 Mar 2012

Zenyatta shares scream higher ahead of graphite discovery drilling results

Without any official news, Zenyatta Ventures shareprice skyrocketed almost 60%. Meanwhile it awaits results from drilling on a new graphite discovery.    Friday , 30 Mar 2012

Strong gold production sees B2Gold net earnings up 400% in 2011

It was a banner year for B2Gold which saw net earmings quadruple on the back of strong production performance at its Nicaraguan mines.    Thursday , 29 Mar 2012

McEwen blasts gold miners on dividends, investment appeal

Rob McEwen has blasted senior gold miners, saying they should be paying out more in yields and dividends to attract shareholders and broaden the appeal of gold investment.    Friday , 30 Mar 2012

Big gold drill hits boost Australian desert gold miner

The leases in Australia's Northern Territory, bought from Newmont two years ago are producing strong drill results for Tanami Gold    Friday , 30 Mar 2012

Fractal analysis: 2012 silver to $70++, $500 by end of silver bull - Goldrunner

Technical fractal analysis interpretation suggests that the silver price will hit around $70 this year and as QE to infinity kicks in as Jim Sinclair predicts, could eventually reach $500 before the silver bull run is over.    Friday , 30 Mar 2012

BHP's Iron ore chief steps down ahead of $11bn expansion

The transnational miner said, Ian Ashby will be stepping down after 25 years at the firm to make way for a new leader to complete the group's long-term $11bn iron ore expansion project.    Friday , 30 Mar 2012

Marubeni, POSCO lead $3.61bn bid for Roy Hill iron ore project

The $3.61 billion investment will provide the consortium with a combined 16.5 million tonnes of iron per year from Hancock Prospecting's Roy Hill project, located in the Pilbara iron belt    Friday , 30 Mar 2012

Zijin Mining to spend $872m on acquisitions

According to the Chinese miner's chairman, the bulk of the money will be reserved for the purchase of overseas gold and copper assets.    Friday , 30 Mar 2012

Doe Run declares force majeure on US lead output after fire

The announcement comes after a fire forced the miner to halt production at its Herculaneum plant. Doe Run says the plant will be out of action for up to six weeks.    Friday , 30 Mar 2012

Gold miners bear some blame for investor dissatisfaction - CEOs

The chief executives of some of the world's top gold firms acknowledged that the drop in valuations has forced them to tighten operations and boost dividends to lure investors.    Thursday , 29 Mar 2012

Price drivers affecting critical metals - graphite, lithium, niobium and rare earths

Siddharth Rajeev of Fundamental Research Corp. argues that critical materials used in viable new technologies will see increasing demand. Interview with The Critical Metals Report.    Thursday , 29 Mar 2012

SA mining debate going in the wrong direction - Cutifani

AngloGold Ashanti CEO Mark Cutifani says the public debate on how to grow South Africa's mining industry is heading in the wrong direction, saying the public policies are inconsistent with its growth and employment objectives.    Thursday , 29 Mar 2012

Will the last "safe-haven" gold investor turn out the lights?

The metal has baffled market watchers, particularly in the last six months, by refusing to behave as a traditional safe-haven and taking its cue from either the euro or stock markets.    Thursday , 29 Mar 2012

Yesterday's Top Story: Thunder Road Report details continuing gold price manipulation

Paul Mylchreest claims to show absolute proof of massive gold price manipulation (suppression) in a detailed analysis of price patterns in his latest Thunder Road Report. His arguments are compelling.    Thursday , 29 Mar 2012

PODCASTS / RADIO                                                     

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

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

 

Champion Minerals Announces Resource Estimate of High-Grade Iron Zones at Moire Lake Project

CHAMPION MINERALS INC. (TSX: CHM; FSE: P02) ("Champion" or the "Company") is pleased to announce results of a Mineral Resource Estimate completed on its Moire Lake Project ("Moire Lake" or "the Property") located in Cluster 1 of Champion's Fermont Iron Holdings in north-eastern Quebec. The Property is situated immediately east of ArcelorMittal's Mont Wright Mine, and is 8 kilometres south of existing railway and other infrastructure.

Results from twenty-one (21) diamond drill holes completed by Champion in 2011 were used to model the iron formation deposit and calculate the current Mineral Resource Estimate for a zone historically referenced as the "Lac Moire Occurrence" (COGITE Occurrence # 23B/14-0014; GM-28079). The iron mineralization at Moire Lake is specular hematite and magnetite-rich with distinct lower-grade zones defined along the wall rock contacts

For the full story click here

 

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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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