Tuesday, April 24, 2012

MINEWEB.COM'S TOP STORIES: Hollywood, tech investors hoping to mine PGM asteroids in space

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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

 

 

FEATURED PODCAST                                                     

Mine financing, silver and Silver Wheaton's prospects - Randy Smallwood

Silver Wheaton CEO, Randy Smallwood, explains why the current funding environment is good for the company and why he remains bullish on the metal.
 

TOP STORIES | Tuesday , 24 Apr 2012                                                     

Hollywood, tech investors hoping to mine PGM asteroids in space

It may take more than a few James Cameron blockbusters to help fund a space exploration program to send robo-geologists to the nearest geologically prospective asteroid to search for PGMs.    Tuesday , 24 Apr 2012

Haywood stands firm on 2012 silver forecast despite volatility warnings

Despite growth in investment demand, Haywood Securities' Chris Thompson says silver remains "very much an industrial metal."    Tuesday , 24 Apr 2012

Impact may fast-track high-grade silver veins to production

Impact is digesting new high-grade drilling results as it makes a production decision on a multi-vein silver system.    Tuesday , 24 Apr 2012

Gold, oil stocks present rare opportunity, just add investors

According to US Global's Frank Holmes, the significant divergence between gold and oil stocks and their respective underlying commodity is an extraordinary circumstance.    Tuesday , 24 Apr 2012

Quick payback for Seafield on Colombian gold mining project

Seafield Resources crunches the numbers on its Miraflores gold project and gets a two-year payback on a 4,000 tpd gold mine.    Monday , 23 Apr 2012

China, peak gold and indicators suggest gold upwards trend to continue

As long as there is no significant improvement in the world monetary situation and real interest rates don't rise dramatically, John LaForge believes the gold price trend remains. Gold Report interview.    Tuesday , 24 Apr 2012

Newcrest Mining cuts 2012 gold output forecast

The world's third largest gold miner has cited under-investment and heavy rains at its major mines in Australia and Papua New Guinea as reasons behind the production cut.    Tuesday , 24 Apr 2012

Newmont shows willingness to improve Conga gold project

Peru's government said on Monday US-based Newmont Mining is willing to improve the environmental mitigation plan for its proposed $4.8 billion Conga project as it seeks to overcome opposition to the mine.    Tuesday , 24 Apr 2012

Brazilian steelmaker Usiminas posts first loss in two years

A flagging global economy, falling output on an annual basis and competitive pressures weighed on Usiminas' first-quarter results.    Tuesday , 24 Apr 2012

Deadline looms for Bakrie group to resolve covenant breach - sources

Sources familiar with the matter say the company has until Friday to resolve the covenant breach on a $437 million loan following a drop in the price of its London-listed coal miner Bumi Plc last week.    Tuesday , 24 Apr 2012

Chalco steps up pursuit of Mongolian coal with new deal

Resource-rich Mongolia has become an attractive target for China's aluminium giant Chalco, which has announced a second coal deal despite signs that the Mongolian government is seeking to derail an earlier deal.    Tuesday , 24 Apr 2012

Minsur affiliate to buy Mina Justa copper project

An affiliate of Peruvian tin miner, Minsur, has reached an agreement to buy a controlling stake in the Mina Justa copper project, located in the coastal region of Ica, for $505 million.    Tuesday , 24 Apr 2012

Rising project costs hit Baja Mining's Mexico project

Baja Mining Corp, which owns 70% of the Boleo copper-cobalt-zinc project, says it is in talks with lenders, along with its Korean partners, to fund the shortfall within the next two months.    Monday , 23 Apr 2012

Yesterday's Top Story: 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

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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CONFERENCES

2012 New York Hard Assets Investment Conference and Exhibition
Date: 14 May 2012 - 15 May 2012
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Denver Gold Forum 2012
Date: 09 September 2012 - 12 September 2012
Venue: Hyatt Regency, Denver, CO, USA
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2012 Chicago Hard Assets Investment Conference and Exhibition
Date: 21 September 2012 - 22 September 2012
Venue: McCormick Place Convention Center/McCormick Place Hyatt
The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Read More

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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