Thursday, April 12, 2012

MINEWEB.COM'S TOP STORIES: Production problems cut Gibraltar mine copper output in Q1

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TOP STORIES | Thursday , 12 Apr 2012                                                     

Production problems cut Gibraltar mine copper output in Q1

First quarter production of copper at Taseko's Gibraltar JV near Williams Lake, B.C., was hit by an unplanned mill shutdown, ground water in lower levels, and frigid temperatures.    Thursday , 12 Apr 2012

Euro crisis still kicking and will impact gold - Murenbeeld

Dundee Wealth Economics, chief economist, Martin Murenbeeld told the Precious Metals Summit in Geneva that the Euro zone crisis should help to push gold higher.    Thursday , 12 Apr 2012

Gold/copper miner Nevsun may be a 'bottom fishing opportunity' - says analyst

Eritrean gold/copper miner Nevsun Resources' shares have fallen to nearly half what they were in recent months, leading some to speculate there may be a bargain to be had.    Thursday , 12 Apr 2012

AuRico Gold reports 76% Q1 increase in gold output, 7.5% in silver

Toronto-based AuRico Gold saw gold and silver output rise in Q1 yoy and hopes to achieve first gold production this month at its new Young-Davidson gold mine located west of Kirkland Lake in northern Ontario.    Thursday , 12 Apr 2012

Very positive on gold market, excited on gold mining equities - Tocqueville

While gold equities continue to trail the gold price, junior stocks are gaining traction according to Doug Groh of Tocqueville Asset Management and chooses management over jurisdictions. Gold Report interview.    Thursday , 12 Apr 2012

Indonesia's industry minister wants mining export tax hastened

Even though Indonesia's government officials had previously said a 25% tax on mining exports is being considered for this year and a 50% tax for next year, the industry minister says it has to be imposed as soon as possible.    Thursday , 12 Apr 2012

TomaGold hits monster gold intercept: 237.6 g/t over 6 metres

A small Quebec-focused junior explorer, TomaGold, has cut exceedingly high grade gold in a recent drillhole at its aptly-named Monster Lake prospect.    Wednesday , 11 Apr 2012

Strong Asian demand can justify over 100 Valemaxes - FT

The Financial Times quoted Jose Carlos Martins, Vale's head of ore and strategy, as saying strong iron ore demand from Asia would justify the commissioning of more than 100 of its giant Valemax vessels.    Thursday , 12 Apr 2012

Churchill Mining seeks $2bn from Indonesia over coal dispute

The company says it will take the Indonesian government to international arbitration and seek more than $2 billion in compensation in a dispute over the right to develop a huge coal asset in East Kutai.    Thursday , 12 Apr 2012

Iron ore traders push spot prices to 6-month highs on China steel hopes

Spot iron ore prices rose to six-month highs Thursday as traders anticipate a brisk pickup in steel demand in top consumer China, with Shanghai rebar futures hovering near three-month peaks.    Thursday , 12 Apr 2012

Chile's CAP earmarks more than $500m for 2012

The Chilean steel and iron ore maker will invest more than $500 million this year, President Roberto De Andraca said Wednesday.    Thursday , 12 Apr 2012

Lundin signs option agreement to buy 80% stake in Spain copper project

The company has signed an option agreement with the two private Spanish owners of the Touro copper project, and will fund all of the project costs, if the option is exercised.    Thursday , 12 Apr 2012

Impala Platinum charged with culpable homicide over miner's death

South Africa's National Prosecuting Authority has charged Implats with culpable homicide following the death of a Lesotho national at one of its platinum mines five years ago.    Wednesday , 11 Apr 2012

Gold likely to peak above $2,000/oz in 2013 after 12-year bull run - GFMS

Chairman of metals consultancy GFMS, Philip Klapwijk, says the $2,000/oz level being surpassed is likely a story for the first half of 2013 as monetary policy in key economies starts to normalise.    Wednesday , 11 Apr 2012

Endeavour Silver's Q1 revenue climbs on higher gold and silver output

The gold/silver miner reported Wednesday its first-quarter revenue rose 39% to $49 million helped by increased production and higher gold prices.    Wednesday , 11 Apr 2012

South African metalworkers union slams steel maker ArcelorMittal SA

South Africa's National Union of Metalworkers has dismissed AMSA's threat of job losses, and calls for changes to the company's uncompetitive pricing practices    Wednesday , 11 Apr 2012

London gold steadies as Eurozone debts crisis has legs

Gold steady as Italy and Spain face higher borrowing costs, Chinese gold imports grow but many ordinary Chinese seen as "preferring holding cash to gold".    Wednesday , 11 Apr 2012

Gold firm as debt crisis looms over Euro - yet again!

The gold price steadied on Wednesday as the intensifying euro zone debt crisis threatened to undermine the Euro and offset any potential safe-haven demand.    Wednesday , 11 Apr 2012

China's March crude steel output rises 12%

The latest data from China Iron and Steel Association shows that the country's average daily crude steel output rose 12% in March, suggesting demand remains robust despite concerns of a slowing economy.    Wednesday , 11 Apr 2012

South Africa's regulators greenlight Anglo/De Beers deal

The country's competition authority said Wednesday it had unconditionally approved Anglo American's $5.1 billion takeover of diamond giant De Beers from the Oppenheimer family.    Wednesday , 11 Apr 2012

African Minerals trims 2012 iron ore forecast

West Africa's largest emerging iron ore miner, African Minerals, has cut its 2012 output forecast to around 10 million tonnes, a more conservative level than most analysts had estimated.    Wednesday , 11 Apr 2012

Yesterday's Top Story: Silver prices could fall short term as physical market consolidates

Mitsui and Co Precious Metals strategic analyst, David Jollie, says he can see a medium term outlook which is not that negative for silver but in the short term there has to be some concern prices might fall.    Wednesday , 11 Apr 2012

PODCASTS / RADIO                                                     

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

Gold ETP movements and speculative investment trends - Nicholas Brooks

Nicholas Brooks of ETF Securities looks at the trends on display among gold ETP investors and looks at the impact of speculative demand on the gold sector

The real Chinese growth story and what it means for commodities

Macquarie's Graeme Train speaks to Mineweb about the outlook for demand from China and the impact this will have on base and bulk metals.

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Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

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Ross Louthean, Perth
Kerry Stevenson, Sydney

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