Tuesday, March 6, 2012

MINEWEB.COM'S TOP STORIES: Western mega miners face stiff competition from non-miners in global M&A-PwC

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Tuesday , 06 Mar 2012                                                     

Western mega miners face stiff competition from non-miners in global M&A-PwC

A new class of growth world buyer with deep pockets, expertise in frontier markets, and more adaptability may give western mega-miners serious competition, a PwC study suggests.    Tuesday , 06 Mar 2012

Mining market funk looks to wane as PDAC engenders sustained optimism

As crowds at the PDAC convention in Toronto burgeon, there is a sense, both anecdotal and analyzed, that 2011's mining sector malaise may be dissipating with a strong year ahead.    Tuesday , 06 Mar 2012

Sentiment hit hard by big gold sell-off - could be more falls to come

Gold has been drifting downwards again as investor sentiment has been hit hard by the big, apparently paper, gold sale which caused the price dive last week - the intention of those who initiated it.    Monday , 05 Mar 2012

Gold and silver going much higher over next 2-3 years: Taylor

The precious metals equities selloff at the end of 2011 was overdone, says Stephen Taylor. He remains bullish on gold, silver and base metals. Interview with the Gold Report.    Tuesday , 06 Mar 2012

2011 blockbuster year in mining M&A deals - PwC

Despite a weak macro backdrop and falling commodity prices, 2011 was the second busiest year of mining M&A activity in history, says a PwC report on global mining deals.    Tuesday , 06 Mar 2012

Vedanta's expansion plans target Balco and Hindustan Zinc - and major coal assets

Vedanta Resources, the $70 billion metals and mining conglomerate, is keen to acquire major coal assets and the residual stakes in Hindustan Zinc and Balco even as its new entity, Sesa Sterlite is set to generate an annual surplus of $7 billion.    Monday , 05 Mar 2012

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

Rising costs may prove an advantage for global miners

Experts speaking at the PDAC say the rise in both production and construction costs may prove a blessing, not a curse, and may push metal prices ever higher.    Tuesday , 06 Mar 2012

Glencore/Xstrata make iron ore a priority

The companies have put iron ore at the top of their post-merger to-do list, yet industry sources caution that without a major deal, any hopes the two will swiftly repeat their coal success in iron ore may be dashed.    Tuesday , 06 Mar 2012

Australia approves $591mn Flinders Mines' sale to Russia's MMK

The Foreign Investment Review Board has approved Tuesday the proposed sale, set to allow both companies to make a profit even during economic downturns.    Tuesday , 06 Mar 2012

Colombia to award mining concessions gradually in 2013 - PDAC

Mines and Energy Minister Mauricio Cardenas said Monday the country will start awarding mining concessions in 2013 under a new competitive tender process.    Tuesday , 06 Mar 2012

First Majestic Silver profit jumps 55%, trims 2012 output view

After posting a 55% jump in quarterly profit on higher output, First Majestic Silver has trimmed this year's forecast although it still expects production to be higher this year.    Tuesday , 06 Mar 2012

Asian cash drives Canada's iron ore project growth

Executives from Canada's exploration companies are seeking deals with Asian partners to capitalise on the iron ore-rich Labrador Trough.    Tuesday , 06 Mar 2012

Rio Tinto to invest $2bn in Indian iron ore project

The investment will see Rio Tinto mine iron ore in the eastern Indian state of Orissa to supply Indian and overseas clients.    Monday , 05 Mar 2012

Work restarts at world's largest platinum mine

Impala Platinum restarted operations at its Rustenburg platinum mine on Monday as planned after a crippling strike which cost the company 120,000 ounces in lost PGM production.    Monday , 05 Mar 2012

Allana Potash says lenders keen on funding Ethiopia project

Allan Potash Corp says initial talks with various prospective lenders have been very positive and expects to receive financial commitments for the project by late 2012.    Monday , 05 Mar 2012

Zambia shuts Mopani Copper leach plant on pollution violations

The company said in a statement it was surprised at the action by the environmental agency and may be forced to lay off staff following the closure.    Monday , 05 Mar 2012

Yesterday's Top Story: Gold correction may not be over yet, but definitely no gold bubble: Faber

Gloom Boom & Doom Report Publisher Marc Faber assures us that gold is nowhere near a bubble phase, but cautions that corrections of 40% are not unusual in a bull market. Interview with the Gold Report    Sunday , 04 Mar 2012

PODCASTS / RADIO                                                     

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

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

 

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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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