Friday, March 23, 2012

MINEWEB.COM'S TOP STORIES: Silver Wheaton reports 92% increase in 2011 net earnings

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TOP STORIES | Friday , 23 Mar 2012                                                     

Silver Wheaton reports 92% increase in 2011 net earnings

Silver Wheaton CEO Randy Smallwood says the company finished 2011 "with its strongest ever quarter of production and sales."    Friday , 23 Mar 2012

Turkey, India and Vietnam govts. wary of gold

The governments of all three countries are facing weakening currencies and trade deficits and all three feel gold should bear much of the blame    Friday , 23 Mar 2012

Indian jewellers say 5-day strike cost as much as $700m

The first nationwide protest by India's bullion industry in seven years, to oppose the introduction of additional tax on gold imports has come to an end, but jewellers say they are still considering their options    Thursday , 22 Mar 2012

Mali's gold miners monitoring Mali coup attempt, operations not affected

Randgold Resources shares dropped sharply on the LSE on news of a coup attempt in Mali but information coming out of one of West Africa's leading gold producing nations remains confused.    Thursday , 22 Mar 2012

China seeks to clamp down on domestic coal production by 2015

To discourage ever-growing domestic coal production in China, the country's National Energy Administration hopes to encourage coal companies to explore for coal outside of China.    Friday , 23 Mar 2012

Gold may be battered but definitely not down for the count – Holmes

While there are valid reasons for gold's recent weakness, Frank Holmes maintains that there are just as many reasons to be bullish on the yellow metal    Friday , 23 Mar 2012

China on the prowl for mining investments in Africa, S.America and Asia

Chinese investors are turning their focus to emerging economies as they look to expand their demand for commodities and switching away from Australia and Canada, which are getting too expensive.    Friday , 23 Mar 2012

Duluth sets Bechtel parameters for 100 year copper-nickel-pgm mine PFS

Duluth Metals' huge copper-nickel-pgm-gold resource on the Duluth complex in northern Minnesota moves on a stage with top engineering company Bechtel being given the parameters on which to base a PFS    Thursday , 22 Mar 2012

Silver Lake to launch large drill programme in W. Australia

After spectacular first pass drilling results, Silver Lake is going to start one of the largest modern exploration campaigns W. Australia on a VMS target north of Meekatharra    Thursday , 22 Mar 2012

BarCap bets on gold as prices hit 2-month lows

The bank is presently betting heavily on gold which it expects to rally around 15% to a lofty $1,850 an ounce by the second quarter due to inflation worries.    Friday , 23 Mar 2012

Ecuador's Correa won't let protests deter mining deals

President Rafael Correa insisted Thursday he will push forward with plans to develop major mining deals with foreign companies, despite the arrival in Quito of indigenous protestors who fear their lands will be wrecked.    Friday , 23 Mar 2012

India moves to quell coal furore

Indian Prime Minister Manmohan Singh's office released a letter from the auditor's office on Thursday describing earlier media reports of a $211bn revenue loss as "exceedingly misleading"    Thursday , 22 Mar 2012

Zambia won't bring back mining windfall tax

Finance minister Alexander Chikwanda says the country will not bring back the 25% mining windfall tax it scrapped in 2009 because it may force mine closures.    Thursday , 22 Mar 2012

Zimbabwe accepts Implats/Aquarius JV ownership plan

The proposal comes more than a week after Impala Platinum bowed to Harare's demands that it transfers a similar stake in its Zimplats operation to locals.    Thursday , 22 Mar 2012

Iron ore falls on sluggish Chinese demand growth

China's benchmark steel futures slipped on Friday on lingering concerns about weak demand growth but many market participants are relatively confident that demand will remain firm.    Friday , 23 Mar 2012

Investment banks views on commodity outlook widen

According to the Australian, investment banks are further and further apart in their views on the outlook for commodities, China and metal prices.    Friday , 23 Mar 2012

Yesterday's top Story: From basketball stars to collectable coins and the gold scams inbetween

David Levenstein looks at some of the more common gold scams in the market at the moment and how best to avoid being duped.    Wednesday , 21 Mar 2012

PODCASTS / RADIO                                                     

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

David Garofalo on M&A in the Canadian mining sector

The President and CEO of Hudbay Minerals comments on the Canadian mining sector M&A scene, leveraged buyouts and asset spin-offs.

Ecuador starting a new mining era - Santiago Yepez

President of the Ecuadorian CoM talks about the signing of the first mining exploitation contract with Chinese-backed EcuaCorriente and efforts by government to improve the tax regimen for foreign miners.

 

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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

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Editor in Chief

Alec Hogg, Mooi River, SA

 

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