Tuesday, April 3, 2012

MINEWEB.COM'S TOP STORIES: British Columbia to spend C$25bn improving Asian trading opportunities

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Tuesday , 03 Apr 2012                                                     

British Columbia to spend C$25bn improving Asian trading opportunities

BC's Premier announced Monday the launch of the Pacific Gateway Transportation Strategy which aims to expand Canadian mining exports to Asia    Tuesday , 03 Apr 2012

Silver Wheaton reports 114m-ounce decrease in 2011 silver reserves

Reduction in silver reserves in Goldcorp's Peñasquito Mine and Primero Mining's San Dimas Mine resulted in a decline in Silver Wheaton's proven and probable reserves as of Dec. 31, 2011.    Tuesday , 03 Apr 2012

Jewellery strike ends as India defers excise duty on non-branded gold

With government postponing indefinitely its proposal to bring non-branded gold jewellery under the excise duty net, jewellers have started making a tentative move to re-open shutters.    Monday , 02 Apr 2012

Dressing down the Fed: Jim Grant on the Gold Standard and Fed manipulation

Some swingeing criticisms of Central Bank policies. Jim Grant talking on the Gold Standard and manipulation among others - and also expressing confidence in the gold price and gold and silver stocks.    Monday , 02 Apr 2012

Extorre's new PEA loooks for higher gold and silver output, longer life

While mum on a development decision, Extorre set out a new mine outline of its Cerro Moro project with more gold and silver ounces in play.    Monday , 02 Apr 2012

DTI "blindsides" ArcelorMittal South Africa

South Africa's Department of Trade and Industry has decided to exclude steel from its preferential procurement plans. AMSA's shares fall over 5%    Monday , 02 Apr 2012

Race on to dig new zinc mines as old ones run dry

With experts saying zinc could be in deficit by 2017 if not earlier, miners from Australia to Africa to the European Union are racing against time to attract investment in new projects.    Tuesday , 03 Apr 2012

Employee killed at Lake Shore Gold's Ontario mine

The company says the victim was part of a crew working underground at its Timmins West mine, adding that the full details of the accident are not known at this time.    Tuesday , 03 Apr 2012

Shareholder dispute resolution not my job - RUSAL chairman

Newly appointed Barry Cheung says it is not for him to resolve the dispute among the company's largest shareholders Oleg Deripaska and Viktor Vekselberg who quit as chairman three weeks ago.    Tuesday , 03 Apr 2012

Australia's OneSteel plans name change to attract new investors

The steelmaker plans to change its name to Arrium Ltd to reflect its shift towards mining and materials and attract new investors.    Tuesday , 03 Apr 2012

Wesizwe Platinum suffers R357.8m net loss in 2011

Despite the R357.8 million net loss incurred in the year ended December 2011, Wesizwe Platinum has made the full transition from its original focus on exploration to becoming a significant mid tier miner.    Tuesday , 03 Apr 2012

NALCO's 2011/12 aluminium production down 6.98%

State-run NALCO says its aluminium output was down 6.98% in the 2011/12 fiscal year dragged lower by high raw material costs.    Tuesday , 03 Apr 2012

Former Severstal gold unit repays $360m debt

The steelmaker, controlled by Russian billionaire Alexei Mordashov, received the $360 million debt repayment from its former gold mining unit, Nord Gold, that was spun off in January.    Tuesday , 03 Apr 2012

Poland's KGHM buys another 29% of Ajax Mining

The state-controlled copper miner has purchased another 29% of Ajax Mining, its JV company with Abacus Mining for $29.9 million, raising its bet on Canada as its second base.    Monday , 02 Apr 2012

Polyus Gold terminates Altyn deal

The company says it has terminated a 2011 agreement to sell its operating units in Kazakhstan, Kyrgyzstan and Romania to Altyn because part of the deal, known as the First Tranche Completion, did not occur on time.    Monday , 02 Apr 2012

Passport Potash identifies indicated resources at Arizona project

Passport Potash's project in Northern Arizona has indicated resources of 125.6 million tonnes, justifying a feasibility study on the Holbrook Basin project.    Monday , 02 Apr 2012

South Africa mulls nuclear fuel cycle facilities

The country wants another 9,600 MW of nuclear energy to boost its struggling power grid and is considering the re-establishment of its uranium enrichment and conversion facilities.    Monday , 02 Apr 2012

Casey Research's critical number for gold

The continuation of negative interest rates makes gold attractive to investors and the yellow metal's bull run is far from over, so certainly not time to exit yet - but how long can this situation persist?    Tuesday , 03 Apr 2012

Yesterday's Top Story: Chinese copper data is misleading the market- Macquarie

The latest analysis from China from Macquarie Capital's Shanghai office suggests that there appears to be a substantial discrepancy between latest Chinese copper data and reality on the ground.    Saturday , 31 Mar 2012

PODCASTS / RADIO                                                     

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

Changes to copper's supply outlook

Intierra's Paul Dewison looks at how the supply demand balance within the copper market is likely to change over the next few years as new supply comes on stream and demand patterns shift

The longer term impact of India's attempts to curb gold imports

The vice-chairman of India's Gems and Jewellery Export Promotion Council, Sanjay Kothari, looks at the reasons behind the curbs, the strike and likely way forward for India's gold market.

 

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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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