Friday, March 9, 2012

MINEWEB.COM'S TOP STORIES: Silver Institute predicts strengthening silver investment demand this year

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TOP STORIES | Friday , 09 Mar 2012                                                     

Silver Institute predicts strengthening silver investment demand this year

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

Texas AG halts AGT American Silver and Gold bullion, coins sales

The Texas Attorney General's Office is cracking down on an Austin gold and silver company accused of bilking customers through sales of silver and gold bullion and coins.    Friday , 09 Mar 2012

Molycorp will buy Neo Materials Technologies for US$1.3b

Colorado's Molycorp has proposed making its third major deal in a year, this time with the cash and share acquisition of rare metals processor Toronto's Neo Materials Technologies.    Friday , 09 Mar 2012

Continental Gold surges on more high grade gold hits in Colombia

Continental Gold announces important high grade gold extensions to its chief vein families at Buriticá and shows strong continuity of gold grades in underground sampling.    Thursday , 08 Mar 2012

Pike River: State coal miner to buy tragic New Zealand mine

Solid Energy Ltd, the New Zealand Government-owned coal miner has reached a sales agreement with receivers of Pike River Coal Ltd which owned the Pike River coal mine where methane blasts killed 29 miners and contractors late in 2010.    Friday , 09 Mar 2012

Australia's trade account dives to A$673mn deficit on China, gold and iron ore

The latest trade numbers show that Australia's account unexpectedly slipped into the red in January as exports to China were hit by the Lunar holiday and gold shipments which took a steep dip.    Friday , 09 Mar 2012

Glencore faces stand off in Xstrata shareholder courtship

Glencore, which already owns 34% of Xstrata, began courting institutional investors this week after publishing its 2011 earnings - starting its first roadshow since the all-share deal was agreed in February.    Friday , 09 Mar 2012

Lynas Corp sees no changes in Malaysia rare earths plant timeline

The company expects its rare earths plant in Kuantan, under construction since 2010, to open by June, despite an appeal against the government's decision to grant a licence that is key to breaking China's grip on global markets.    Friday , 09 Mar 2012

Australian miners play down impact of Indonesia's new ownership law

A number of Australian miners operational in Indonesia believe the proposed regulation to limit foreign ownership in mines to no more than 49% will not affect their existing mining contracts.    Friday , 09 Mar 2012

KGHM takes $1bn loan to finance Sierra Gorda copper project in Chile

Sierra Gorda SCM, a unit of top European copper miner KGHM, is taking on a $1 billion loan to part finance its major $3 billion Chilean copper project    Thursday , 08 Mar 2012

Xstrata expands Canada coking coal ops; buys Talisman assets

In a deal set to close this month, miner Xstrata will pay cash for Talisman Energy's Sukunka deposit, a hard coking coal deposit adjacent to its existing licenses and tenements.    Thursday , 08 Mar 2012

Dutch fund manager expands on rare earths and junior gold investment principles

Terence van der Hout reckons that while gold juniors are very quick to get from a discovery to a takeover, most rare earth explorers are still early-stage ventures. Interview with The Critical Metals Report.    Thursday , 08 Mar 2012

Twenty illegal miners feared dead in abandoned S. Africa mine

South African union Solidarity reported Thursday that up to 20 illegal miners were feared dead after a rock fall at an abandoned mine on the East Rand, Gauteng.    Friday , 09 Mar 2012

Chalco plans to raise $1.3 billion in share offering

China's largest aluminium producer, Chalco, is planning a share issue to raise 8 billion yuan (US$1.3 billion) to finance future expansion projects and development.    Thursday , 08 Mar 2012

China's Feb refined copper production up 9.5%

Asia's largest economy's production of refined copper increased 9.5% in February from a year earlier, the National Bureau of Statistics said on Friday.    Friday , 09 Mar 2012

Yanzhou Coal gets Australian treasurer nod to cut unit stake

Australian federal treasurer Wayne Swan approved the deal between Yancoal and Gloucester Coal, as well as an additional 12 month lifeline to bring down its stake to less than 70%.    Thursday , 08 Mar 2012

Atlas unit may raise $350mn in through notes offer

According to a report, a five-year fixed-rate notes offer by Atlas's Carmen Copper, has received strong investor interest with a possible $350 million issue already covered ahead of the launch.    Thursday , 08 Mar 2012

Implats ownership dispute with Zimbabwe intensifies

The company denies it has agreed to hand over a 29.5% stake in its Zimplats unit to the government, contrary to reports by a senior Zimbabwean minister that it had agreed.    Thursday , 08 Mar 2012

Yesterday's Top Story: 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

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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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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