Thursday, April 19, 2012

MINEWEB.COM'S TOP STORIES: Stillwater reports 1Q PGM production declines in mining, recycling

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TOP STORIES | Thursday , 19 Apr 2012                                                     

Stillwater reports 1Q PGM production declines in mining, recycling

Despite production declines in comparison to 1Q11, Stillwater CEO Frank McAllister said production remains on plan with the company maintaining its 500,000-ounce PGM target for this year.    Thursday , 19 Apr 2012

Scotia Capital anticipates more gold price volatility

Scotia Capital metals analysts have forecast an average gold price of $1,750/oz from 2012 through 2014.    Wednesday , 18 Apr 2012

Randgold's giant Kibali gold project construction getting well under way

Randgold Resources seems to be on track with its construction programme on its major Kibali gold mine development in the eastern DRC, aiming for initial production before the end of 2013.    Wednesday , 18 Apr 2012

Kingsgate opens door for Chilean silver mine

A takeover of the Chilean assets of a small Australian firm two years ago has given Kingsgate Consolidated the opportunity of developing another silver mine    Wednesday , 18 Apr 2012

Gold One enter acquisition agreement with Pamodzi Gold liquidators

Gold One International and its JSE listed subsidiary, Goliath Gold will buy certain surface assets and data from the joint provisional liquidators of Pamodzi Gold East Rand    Wednesday , 18 Apr 2012

Conservatively positive for gold in 2012 - Murenbeeld

In his annual presentation at the European Gold Forum in Zurich, Martin Murenbeeld remains positive on the prospects for the gold price this year, but remains more conservative than the out and out gold bulls.    Wednesday , 18 Apr 2012

Costs the big challenge for W. Australian gold mining

According to a director of the Chamber of Minerals and Energy, the biggest challenge facing Australia's gold sector is arresting the alarming rise in production costs    Wednesday , 18 Apr 2012

Asset sale gives peek into junior decision-making in down market

Northcliff Resources consolidates ownership of mega tungsten-moly deposit in New Brunswick in share-dominant deal with Geodex Minerals.    Wednesday , 18 Apr 2012

Friedland resigns as part of new Rio, Ivanhoe financing deal

Ivanhoe shares jumped as much as 10% on news its founder and CEO had, along with 6 other directors, resigned as part of a new financing deal with Rio Tinto    Wednesday , 18 Apr 2012

Long-awaited Conga report says Newmont should aim to save 2 Peru lakes

An independent report on Newmont's proposed $4.8 billion Conga project recommends, among other things, that the miner seek avoid covering the Azul and Chica lakes.    Thursday , 19 Apr 2012

Santacruz eyes silver mining in 2013 following C$20m financing

Santacruz has lined up some of its silver ducks in a row, with an option on a 500tpd mill from Goldcorp.    Wednesday , 18 Apr 2012

Syria trying to sell gold reserves as sanctions begin to bite - sources

According to sources with knowledge of the matter, Syria is looking to sell its gold reserves to raise cash as Western and Arab sanctions targeting its central bank and oil exports begin to bite    Thursday , 19 Apr 2012

Gold Fields ups investment in Peru project by $450m

The gold miner says it will raise the initial investment for its Chucapaca project to $1.2 billion and is optimistic operations there will kick off by the end of 2015.    Thursday , 19 Apr 2012

Severstal's Q4 net profit beats expectations

Russia's second largest steelmaker, Severstal, saw its fourth quarter net profit reach $463 million, beating expectations after it shed its loss-making U.S. assets last year.    Thursday , 19 Apr 2012

Large Chinese copper stocks cloud Q2 outlook

Copper traders are concerned large Asian stocks and slowing demand in China could weaken prices in the second quarter of this year as it will take a few months for these stocks to be depleted.    Thursday , 19 Apr 2012

Yesterday's Top Story: Silver poised for breakout - but which way?

Silver supply/demand statistics can be extraordinarily misleading with little consensus as to the true position but, the precious metal appears to be in a potential undersupply situation    Wednesday , 18 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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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

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Editor in Chief

Alec Hogg, Mooi River, SA

 

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