Monday, April 23, 2012

MINEWEB.COM'S TOP STORIES: China heading toward serious shortage of mineral resources by 2020

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These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com

 

 
 

TOP STORIES | Monday , 23 Apr 2012                                                     

China heading toward serious shortage of mineral resources by 2020

China is running short of 25 kinds of mineral resources including 11 that are crucial to the country's economy, a top official said Sunday.    Monday , 23 Apr 2012

Small miners sue to overturn CA Fish & Game dredge mining ban

Owners of mining claims located in California rivers and streams are suing to stop the California Department of Fish and Game from imposing regulations to ban suction mining.    Monday , 23 Apr 2012

As investors lose faith in dollar gold will win out

Gold is currently treading water but Jeff Nichols believes that the chances of a breakout to the upside are significantly greater than the probability of a breakdown with the gold bull having five to ten years of life ahead    Sunday , 22 Apr 2012

Wesizwe Platinum's new mine "Smell"

The construction of Wesizwe's Bakubung mine is in sharp contrast to the the general gloominess that currently envelops South Africa's platinum sector    Saturday , 21 Apr 2012

Rainy River shareprice slides 10% on capital cost speculation

Investors punish Rainy River Resources as its President and CEO Raymond Threlkeld warns of imminent capital cost escalation.    Saturday , 21 Apr 2012

Bad weather hits Alacer Gold Q1 output, but 2012 outlook rises

While Alacer reports lacklustre production in the fourth quarter due to poor weather conditions in Turkey, it increases overall guidance for the year.    Friday , 20 Apr 2012

Newmont's Conga project needs work - Humala

Peru's president Ollanta Humala said Friday the gold miner should aim for a more ambitious environmental mitigation plan if it wants its $4.8bn Conga gold project to go ahead    Monday , 23 Apr 2012

Kazakhstan raises Q1 uranium output 5%

State nuclear firm Kazatomprom said Monday the country produced 4,666 tonnes of uranium in the first quarter of this year, almost 5% more compared with the same three months of 2011.    Monday , 23 Apr 2012

Qatar's SWF to spend $30bn in 2012

The Qatar Investment Authority, the most active of the region's sovereign wealth funds in recent years, has more than $30 billion to spend on investments this year and sees commodities as a key target.    Monday , 23 Apr 2012

Paladin Energy to raise $225m in bond sale

The Australian uranium miner is looking to raise at least $225 million with an option to increase the sale to $275 million, with the convertible bonds due in 2017.    Monday , 23 Apr 2012

Two killed in fight at South African gold mine

A police spokesman reported Saturday of the death of two men at Harmony Gold's Tshepong mine, in Welkom, in a fight involving suspected illegal miners.    Monday , 23 Apr 2012

Glencore restarts output at shut Zambia copper plant

The company's Mopani Copper Mines in Zambia has been granted permission to re-open its copper treatment plant, which was shut in March for pollution violations.    Monday , 23 Apr 2012

Worker riot at African Minerals' Sierra Leone mine turns deadly

The unrest by workers at African Minerals' Tonkolili iron ore mine in Sierra Leone has left one woman dead and at least six injured, witnesses and medical staff said Friday.    Friday , 20 Apr 2012

India's top court allows restart of iron ore mining in Karnataka

This comes after the Supreme Court had banned iron ore mining in three districts of Karnataka in 2011, citing environmental concerns, and asked a federal government body to carry out an EIA.    Friday , 20 Apr 2012

Indonesia still discussing coal export tax - govt.

Earlier this week, an official with Indonesia's ministry of energy and minerals had reportedly ruled out a tax on thermal coal, but a trade ministry official says the idea is still on the table.    Friday , 20 Apr 2012

Indian markets prep for Akshaya Tritiya

Extended trading hours and special incentives for trade in the yellow metal are some of the measures Indian markets have rolled out to cash in on investor demand for gold during the festival    Monday , 23 Apr 2012

Weekend's Top Story:Thomson Reuters GFMS forecasts 'just above' $40/oz high for silver

Total world silver supply fell by 34.1 million ounces to 1.04 billion ounces last year says the World Silver Survey 2012 released by the Silver Institute.    Thursday , 19 Apr 2012

PODCASTS / RADIO                                                     

Real interest rates and the lack of a gold bubble - Ross Norman

Speaking to Mineweb from the Denver Gold Group's European Gold Forum, Ross Norman explains why gold is not in a bubble and why investors must continue to come to the party

The likelihood of QE and a long-cycle correction for gold – Murenbeeld

Gold is roughly in the middle of a 20 to 25 year cycle and should break through its all time highs within the next few years but, it won't be smooth sailing

Junior financing and avoiding "slippery slope" economics

GCIC portfolio manager, Robert Cohen, looks at the lay of the gold equity land and what the money currently on the sidelines is looking for

M&A, gold stocks and the possibility of another summer rally - Joseph Foster

Van Eck Gold Fund portfolio manager, Joseph Foster says there is a lot of money waiting in the wings for a reason to buy gold stocks and says another summer rally isn't out of the question

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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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