Tuesday, April 17, 2012

MINEWEB.COM'S TOP STORIES: Denison Mines, Energy Fuels to merge into leading pure U.S. uranium producer

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TOP STORIES | Tuesday , 17 Apr 2012                                                     

Denison Mines, Energy Fuels to merge into leading pure U.S. uranium producer

Denison Mines and Energy Fuels hope a friendly C$106 million merger gives their combined company a suite of uranium mines and properties, along with the sole operating U.S. uranium mill.    Tuesday , 17 Apr 2012

Q1 output jumps 10% for First Majestic Silver

CEO Keith Neumeyer says with two major construction projects underway and completion of a new cyanidation circuit at La Parrilla, First Majestic Silver is off to "great start to 2012."    Tuesday , 17 Apr 2012

Grade is king for gold investors currently

It seems gold investors have money to spend but are becoming decidedly more picky about what they choose to invest in    Monday , 16 Apr 2012

When gold equities reverse their fall it will be quick - Holmes

According to US Global Investors' Frank Holmes, today's growing sloth of gold bears is a "buy" signal for contrarian investors    Tuesday , 17 Apr 2012

Own gold and silver and dabble in miners - Marchese

Chris Marchese says that precious metals will go higher as investors seek protection from the effects of monetary policies that don't work and strong fundamentals. Gold Report interview.    Tuesday , 17 Apr 2012

Comex silver stock piles at highest in at least a decade

Stockpiles of silver in comex-monitored warehouses rose to their highest level in 10 years as despite a 13% price rise so far in 2012    Tuesday , 17 Apr 2012

Riskier locations key for future copper exploration

Leading copper miners told the CESCO exploration forum in Santiago, Chile, that diminishing exploration opportunities in established mining-friendly countries are forcing companies to look further afield.    Tuesday , 17 Apr 2012

Atypical nickel deposit gets billion tonne-plus first resource

Shares in First Point Minerals jumped as it reported project partner Cliffs had outlined a billion tonne-plus nickel resource on their Decar project in BC.    Monday , 16 Apr 2012

Singapore group makes bid for Ballarat gold miner

The company that has revived gold mining at the historic Ballarat goldfield in Victoria now looks set to be taken over by Singapore-listed LionGold Corporation Ltd.    Monday , 16 Apr 2012

Copper pinned below $8,000/t as global growth concerns weigh

Prices eased to a three-month low for the second straight day on Monday, pressured by slowing demand prospects linked in top consumer China and Europe's debt crisis.    Tuesday , 17 Apr 2012

Glencore holding dominant copper long position on LME - Traders

Traders on the London Metal Exchange say the commodities trading house is facing off against Chinese participants and speculators, who had taken short futures positions.    Tuesday , 17 Apr 2012

Codelco sees tight global copper market, could issue debt

CEO Diego Hernandez expects the global copper outlook to remain tight this year but is optimistic about prices and says the company could issue debt in the second half if conditions are favorable.    Tuesday , 17 Apr 2012

Rio Tinto Q1 iron ore output rises 9% on mine expansions

The 9% gain in its first quarter production was driven by mine expansions in Western Australia, where the company plans to boost output further to 283 million tons by the end of 2013.    Tuesday , 17 Apr 2012

Zimbabwe to finalise local mine ownership drive by end April

Zimbabwe's Empowerment minister, Saviour Kasukuwere, expects to finalise the transfer of majority stakes in foreign mining companies to local black investors by the end of this month.    Tuesday , 17 Apr 2012

Polymetal's Q4 revenue up 64% on rising gold/silver output

The Russian miner, which joined London's FTSE 100 index last year, achieved a 64% year-on-year increase in its first quarter revenue due to rising gold and silver production.    Monday , 16 Apr 2012

Fortuna's Q1 silver production more than doubles

The company produced 953,091 silver ounces in the first quarter, compared with 437,123 ounces last year, as it mined higher grade ore at its San Jose mine in Mexico.    Monday , 16 Apr 2012

Glencore denies employing under-age miners in DRC

The BBC's Panorama current affairs show, due to be broadcast Monday, says it has footage of underage youngsters working at a copper mine in the DRC where Glencore owns a licence to operate.    Monday , 16 Apr 2012

South Boulder Mines upgrades Eritrea potash mine reserves

The newly upgraded Colluli potash mine, in which South Boulder Mines has a 90% stake, is now estimated to contain 1.08 billion tonnes of 18% grade for 194 million tonnes of contained potash.    Monday , 16 Apr 2012

Yesterday's Top Story: 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

PODCASTS / RADIO                                                     

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

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.

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:

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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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