Friday, April 20, 2012

MINEWEB.COM'S TOP STORIES: Indonesian ops knock Freeport earnings but Grasberg returning to normal

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Friday , 20 Apr 2012                                                     

Indonesian ops knock Freeport earnings but Grasberg returning to normal

Work interuptions and a temporary suspension of operations in Indonesia hit the copper miner's Q1 numbers with net income falling by almost half    Friday , 20 Apr 2012

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

Mining project permitting streamlining bill introduced in U.S. Congress

A bill introduced by Rep. Mark Amodei setting deadlines for permitting U.S. strategic and critical mining development would also impose limits on litigation related to the projects.    Friday , 20 Apr 2012

Silvercrest mill runs fast and furious in Q1

Silvercrest Mines reckons it's on track to produce 33,000 ounces gold and 435,000 ounces silver this year, with more to come through a proposed mill expansion.    Thursday , 19 Apr 2012

Moly minnow Avanti Mining inks tentative $640m debt package

Avanti Mining says equity financing and offtake are in the works as it checks off tentative debt financing on its to-do list.    Friday , 20 Apr 2012

Chile's copper mining woes take the spotlight

While the global copper market is nervously eyeing signs of slowing demand in China, tumbling ore grades, energy protests, extreme weather and labor unrest in top miner Chile were the focus of the annual CESCO conference.    Friday , 20 Apr 2012

Mongolia's "ninja miners" help sate China's lust for gold

For thousands of dirt-poor Mongolian herders, the dwindling legal gold supplies and a rise in black market demand from China is reason enough to ransack old and abandoned mines in search for gold.    Thursday , 19 Apr 2012

Morgan Stanley beats out rivals in Q1 commodities risk, earnings

Results for the first quarter show that Morgan Stanley produced higher revenues from its commodities business and higher trading risk than two of its leading rivals    Friday , 20 Apr 2012

Top analysts see record gold in Q4 as funds retreat

Bullion will average $1,900/oz in the fourth quarter, 16% more than now, as central banks maintain record-low interest rate and hedge funds remain less bullish, say leading analysts.    Thursday , 19 Apr 2012

Anglo American faces more problems at Minas-Rio

CEO Cynthia Carroll says the miner is facing a further potential disruption to its $6 billion Minas-Rio iron ore project in Brazil but is confident construction activity at the project will resume.    Friday , 20 Apr 2012

Australia's iron ore doyenne to battle children in open court

Billionaire Gina Rinehart has lost an appeal for a confidential court hearing over the handling of a multi-billion family trust, pitting her in open court against three of her children.    Friday , 20 Apr 2012

Luvata confident Chinese copper demand will pick up

According to the copper producer's senior vice president of sourcing, Bob Kickham, the group expects Chinese demand for its products to pick up, despite a 14% fall in sales from the country so far this year.    Friday , 20 Apr 2012

Rainy River sees promise in new Ontario gold district

Toronto-based Rainy River Resources believes it has stumbled on to a whole new gold district in northern Ontario, where it is developing its flagship namesake project.    Thursday , 19 Apr 2012

Freeport takeover target talk building on high relative value

Weaker copper prices and strike problems which have affected Freeport, the world's largest quoted copper miner and a very significant gold producer, are making it an attractive target for a larger predator.    Thursday , 19 Apr 2012

Amplats sticks to FY target amid weak platinum demand

The miner is confident it will meet its 2012 target even after it reported a 24% fall in first-quarter refined platinum production.    Thursday , 19 Apr 2012

Yesterday's Top Story: Senior Westpac executive says gold's bull run appears to have ended

A top executive at one of Australia's biggest banks has been taking a fairly gloomy view of the prospects for the gold price at a conference in Australia, which contrasts somewhat with some of the economic analyses at the European Gold Forum in Zurich.    Thursday , 19 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:

Click here for the full release

 
 

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Date: 14 May 2012 - 15 May 2012
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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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