Wednesday, April 11, 2012

MINEWEB.COM'S TOP STORIES: Alllied Nevada's Hycroft gold-silver mine to continue through 2024

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FEATURED PODCAST                                                     

Short term, silver's risks are to the downside - Jollie

Mitsui and Co. Precious Metals strategist, David Jollie says, while in the medium term the outlook for silver is not necessarily bearish, over the short term there is a definite possibility prices might fall
 

TOP STORIES | Wednesday , 11 Apr 2012                                                     

Alllied Nevada's Hycroft gold-silver mine to continue through 2024

A revised mine plan for Reno-based Allied Nevada's Hycroft mine near Winnemucca, Nevada, calls for annual production of 1.1 million gold equivalent ounces during a 19-year operating life.    Wednesday , 11 Apr 2012

How gold can be returned to the mainstream monetary system - Part 1

The first part of a five part series on how gold will be returned to the monetary system globally but not in the form of the defunct Gold Standard.    Wednesday , 11 Apr 2012

Environmentalists appeal Newmont's Batu Hijau subsea gold mine tailings disposal permit

Environmental NGOs say a decision continuing the permit allowing submarine disposal of Batu Hijau gold mine tailings in Sununu Bay will be appealed Wednesday to Indonesia's Supreme Court.    Wednesday , 11 Apr 2012

AngloGold gold output hit hard in Q1 by safety stoppages

South Africa's biggest gold miner, AngloGold Ashanti, lost 76,000 ounces of gold output due to safety stoppages in Q1 2012 - more than in the whole of 2011 and reckons some of the production halts do more harm than good.    Wednesday , 11 Apr 2012

Chinese iron ore demand to remain strong - Vale CEO

Vale's CEO Murilo Ferreira says he expects Chinese demand for iron ore to remain strong despite warnings by the IMF that commodities exporters should brace for lower prices and slower world growth.    Wednesday , 11 Apr 2012

Wall Street surprised by Alcoa's Q1 profit

The aluminium maker's first-quarter profit beat analysts' forecast for a loss and sent its shares up 6% to $9.80 in after-hours trading on the New York Stock Exchange.    Wednesday , 11 Apr 2012

Hudbay Minerals eyes further growth assets in Peru

Toronto-based HudBay Minerals is looking to expanding its asset base in Peru as it moves to replicate the successes enjoyed at its mines in the Canadian province of Manitoba.    Wednesday , 11 Apr 2012

Copper, oil fall on U.S. and China doubts, but gold bucks the trend

With more doubts surfacing about the strength of the U.S. economy and a fall in growth in China, industrial metals and oil were knocked back, but gold rose 1%.    Wednesday , 11 Apr 2012

Orvana targets more gold/silver in Bolivia

The company expects the Don Mario upper mineralized zone at its gold-silver-copper mine in Bolivia to produce 12,500 gold ounces and 500,000 silver ounces, up from its earlier forecast.    Wednesday , 11 Apr 2012

BHP Billiton to close loss-making Norwich Park coal mine

According to BHP Billiton, the coal mine in Australia, operated under a 50-50 partnership with Mitsubishi Corp, has been losing money for several months.    Wednesday , 11 Apr 2012

Rescue of trapped Peruvian gold/copper miners imminent

Reports from Peru say the nine wildcat miners in an informal Peruvian gold/copper mine who have been trapped underground for five days are close to being rescued.    Wednesday , 11 Apr 2012

More high-grade gold hits for Marathon and Mountain Lake in Newfoundland

Marathon Gold and Mountain Lake Resources hinted at resource growth with a new series of high-grade drilling results from the Leprechaun deposit in Newfoundland.    Tuesday , 10 Apr 2012

Festivals, fear and other reasons gold should thrive - Holmes

Frank Holmes looks at the reasons why it has been a trying week for gold and what investors should be concentrating on looking forward in order to manage expectations    Tuesday , 10 Apr 2012

Transnet calls industry's bluff with $38bn capex plan

The South African freight and logistics company says it plans to spend $38bn over the next 7 years to dramatically increase capacity within its rail and general freight business    Tuesday , 10 Apr 2012

Gold Fields eyes Abitibi greenstone belt with C$40m Bear Lake option

A major gold producer - Gold Fields - and a small Canadian junior - Bear Lake - team up in one of the world's major gold belts - the Abitibi greenstones.    Tuesday , 10 Apr 2012

Modikwa Platinum Mine loses 21,000 ounces to strike

The three-week strike by about 3,000 mineworkers at the mine, which is a JV between Anglo American Platinum and African Rainbow Minerals, has now been called off.    Tuesday , 10 Apr 2012

Gold in need of bigger and better news for support

It seems traders are seeking better support than just continued speculation that the U.S. Federal Reserve might consider another round of QE before jumping back into gold in a major way.    Tuesday , 10 Apr 2012

Stock markets glitter more than gold in Q1

Though investment demand was the most important driver of the gold rally in 2011, sentiment appears to have shifted to the stock market in the first quarter of 2012.    Tuesday , 10 Apr 2012

Yesterday's Top Story: 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

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

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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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