Tuesday, April 10, 2012

MINEWEB.COM'S TOP STORIES: 36% increase in REE proven & probable reserves for Molycorp's Mountain Pass

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TOP STORIES | Tuesday , 10 Apr 2012                                                     

36% increase in REE proven & probable reserves for Molycorp's Mountain Pass

Molycorp's knack for deal-making with rare earth processors, combined with rising reserves at its flagship Mountain Pass facility, could make it even more competitive with China's REE sector.    Tuesday , 10 Apr 2012

B2Gold buys out Nicaraguan gold projects JV for C$20m in shares

B2Gold and Radius Gold signed a definitive agreement netting the latter C$20 million in shares and the former 100-percent ownership of a couple Nicaraguan near-surface gold projects.    Monday , 09 Apr 2012

Pan American, Orko part ways on $300m Mexican silver project on cusp of deadline

With a feasibility deadline imminent, Pan American has droppped the big La Preciosa silver project in Mexico. Now it's back in junior Orko Silver's court.    Thursday , 05 Apr 2012

Zinc, Potash or diamonds - choosing the right commodity sweetener

While the diversifieds are unlikely to move their primary focus from iron ore anytime soon, there does seem to be some disagreement over where the cream is likely to come from    Tuesday , 10 Apr 2012

Mali sanctions lifted and gold mines should be operating normally

The ECOWAS states have lifted their sanctions on Mali which had been cutting off supplies to the country and it looks as though its gold mining industry will have been little affected.    Monday , 09 Apr 2012

Minas Conga's mining project water report due this week

Foreign engineers and a geologist will soon present their findings regarding the water aspects of an EIS pertaining to the $4.8 billion Conga copper/gold project in Peru.    Tuesday , 10 Apr 2012

SA Gold CEO Pay Comparison

The heads of the three South African gold CEOs rose significantly in 2011 as the effect of higher gold prices fell through to the companies' bottom lines    Friday , 06 Apr 2012

Rio Novo details 600k ounce gold mine in Brazil

Rio Novo pegs annual production between 60,000 to 75,000 ounces gold for Brazilian project that would cost about $94 million to get up and running.    Thursday , 05 Apr 2012

Alcoa's prediction of Chinese aluminium cuts not close to coming true

Chinese aluminium production is up 18% in Jan and Feb despite Alcoa CEO Klaus Kleinfeld's January prediction that its industry would cut 1.1 million metric tons of unprofitable capacity "pretty soon".    Tuesday , 10 Apr 2012

Indian traders worried about Rio Tinto diamond asset sale

China could well topple India's monopoly in the diamond cutting and polishing business, if a Chinese company buys out Rio Tinto's Argyle diamond mine in Australia, fear Indian traders.    Friday , 06 Apr 2012

RUSAL confirms London arbitration with Russian billionaire

The company confirmed last week that it will enter into arbitration in London in a dispute with Viktor Vekselberg's investment firm over its $47 billion supply deal with commodities trader Glencore.    Tuesday , 10 Apr 2012

Chile to spend $100bn on mining by 2020

According to mining association, Sonami, three fourths of this money is likely to come from the private sector as miners look to secure assets    Tuesday , 10 Apr 2012

China sets up rare earth industry association

China's state media announced on Sunday the country has set up an industry association for rare earths in a bid to speed up consolidation within its sprawling rare earths industry.    Monday , 09 Apr 2012

Chinese woman gets death sentence for gold and futures trading fraud

A female trader has been sentenced to death in China's Zhejiang province for defrauding investors out of around US$15 million after losing their money through speculation in gold and futures    Sunday , 08 Apr 2012

Weekend's Top Story: Are the gold and silver bulls clutching at straws?

Is now the time to get out of gold and silver? Increasingly, commentators are suggesting that the precious metals are in for a tough time, but should the investor pay any attention to them?    Thursday , 05 Apr 2012

PODCASTS / RADIO                                                     

Gold ETP movements and speculative investment trends - Nicholas Brooks

Nicholas Brooks of ETF Securities looks at the trends on display among gold ETP investors and looks at the impact of speculative demand on the gold sector

The real Chinese growth story and what it means for commodities

Macquarie's Graeme Train speaks to Mineweb about the outlook for demand from China and the impact this will have on base and bulk metals.

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

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

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

Gold Resource Corporation first quarter production sets record with 53% increase

COLORADO SPRINGS, Gold Resource Corporation (NYSE Amex: GORO) announced its preliminary production results for the first quarter ended March 31, 2012 of approximately 30,500 ounces precious metal gold equivalent (AuEq). Production increased approximately 53% from the previous quarter, and 308% from first quarter of 2011, establishing new record production for the Company. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $43 million to shareholders in monthly dividends since declaring commercial production July 1, 2010 and now offers shareholders the option to convert their cash dividends into physical gold or silver.

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Date: 17 April 2012 - 20 April 2012
Venue: Park Hyatt, Zurich, Switzerland
Europe's most important gold and precious metals investment conference. Mineweb will be in attendance. Read More
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Date: 14 May 2012 - 15 May 2012
Venue: Marriott Marquis Hotel, Times Square, New York
The New York Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Mineweb will be in attendance. Read More

FEATURED
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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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