Monday, April 16, 2012

MINEWEB.COM'S TOP STORIES: Congress should motivate DOD to address U.S. REE issues-CSR Report

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Monday , 16 Apr 2012                                                     

Congress should motivate DOD to address U.S. REE issues-CSR Report

The Department of Defense may need prodding by Congress to define REE supply shortages important to national security, as well as projecting possible REE shortfalls in U.S. manufacturing supply chains.    Monday , 16 Apr 2012

Endeavour to get 3rd mine with AuRico's El Cubo operation

AuRico Gold has again taken action to divest non-core mines, this time through a US$250 million cash-and-shares transaction with Endeavour Silver.    Monday , 16 Apr 2012

Junior miners partly to blame for poor price performance

While there are a number of external factors behind the recent fall in the valuations of junior miners, there is a sense that the companies themselves should bear some of the blame    Monday , 16 Apr 2012

Students: North America's latest mining boom

With skilled labour in severely short supply, mining companies are paying over the odds for new skills and students are flooding to mining schools in a bid to get a piece of the action.    Monday , 16 Apr 2012

Another Chinese steel giant flexes muscle in Labrador Trough

Hebei Iron & Steel is the latest to strike a deal in the Labrador Trough, an iron ore jurisdiction in Canada that is luring Chinese interest, announcing a C$194m purchase agreement with Alderon    Friday , 13 Apr 2012

KKR reported to be after BHP and Rio diamond mines

Reports from London suggest that U.S. buyout group KKR may be trying to become the world's third largest miner of diamonds through buying up the diamond interests of both BHP and Rio Tinto.    Monday , 16 Apr 2012

Debt and Okun's Law –gold on hold and solidifying

The debt mountain faced by the U.S. and other nations, and continuing doubts on growth suggest that gold is consolidating rather than entering a period of decline.    Saturday , 14 Apr 2012

Early indications suggest to Zenyetta graphite deposit bigger

As the market jockeys for positions in Zenyetta Ventures - hot on the heels of a graphite discovery - early drilling results confirm bigger deposit size.    Saturday , 14 Apr 2012

JP Morgan lodges copper ETF filing with NYSE

According to a spokesperson from the NYSE, the filing has already been submitted to the SEC for review and could come to market as early as June 2012, potentially tying up 60,000 tonnes of metal    Monday , 16 Apr 2012

Whitehaven Coal's Aston takeover wins shareholder nod

Shareholders in Australia's Aston backed Whitehaven Coal's offer to take over the company for $2.2 billion to create a big potential target for coal-hungry Asian buyers.    Monday , 16 Apr 2012

Gold extends losses on firm dollar; platinum slips

Prices edged down on Monday as the dollar firmed on worries about Spanish debt yields and the pace of China's economic growth, while platinum also slipped to its lowest in more than two months.    Monday , 16 Apr 2012

Shanghai copper slips over 2% to 3-month low

Weighed down by recent Chinese economic growth concerns and previous losses in London,, Shanghai copper extended losses on Monday to reach a three-month low    Monday , 16 Apr 2012

Russia's MMK appeals court decision blocking Flinders deal

The decision comes after a court in Chelyabinsk, Russia refused to overturn an injunction blocking the transaction before it hears a lawsuit brought by minority shareholder Elena Egorova.    Friday , 13 Apr 2012

Harmony Gold sees sharp drop in March output

The company has become the latest South African miner to report a sharp drop in output in the first 3 months of this year because of an increase in government-ordered safety stoppages.    Friday , 13 Apr 2012

Indonesia to impose mining export tax by June

Finance Minister Agus Martowardojo said Friday the proposed mining export tax will be issued in June, showing the government is pushing ahead with a policy that is worrying resource firms.    Friday , 13 Apr 2012

Pakistan must turn to coal to avert energy crisis

According to trade and industry sources, the country must tap into its largely untapped reserves and imports to generate power beyond the next decade if it is to ease its crippling energy crisis.    Friday , 13 Apr 2012

Weekend's Top Story: Canadian juniors' cash holdings start to look fat as market caps sink

Junior market capitalization have sunk hard leaving some juniors sitting on hefty cash piles. Meanwhile some analysts suggest it's time for investors to start hunting.    Friday , 13 Apr 2012

PODCASTS / RADIO                                                     

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

Physical gold buying, equity premiums and the potential for M&A - Mazumdar

Speaking during the Precious Metals Summit in Geneva, Haywood Securities analyst, Joe Mazumdar looks at where gold prices are heading and why gold stocks are trading so poorly.

Gold likely range bound between $1,600 and $1,700 for next few months -De Wet

Standard Bank's Walter de Wet says the yellow metal is likely to remain in a fairly tight range for the next few months but, the possibility of a sharp run up should not be completely ruled out

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

NOTICE OF FORECLOSURE SALE OF INTEREST IN MINING COMPANY

Pursuant to Article 9 of the Nevada Uniform Commercial Code, Secured Creditor Waterton Global Value, L.P. (Secured Creditor) or its designated agent will sell 300 Member Ownership Interests of Mineral Ridge Gold, LLC (Mineral Ridge LLC), a Nevada limited liability company, represented by share certificate No. 2 and representing a 30% ownership, as further described below (the Mineral Ridge LLC Collateral), to the highest qualified bidder in a public sale as follows:

Click here for the full release

 
 

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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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