| 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 PLEASE NOTE Mineweb will not be publishing a newsletter on Friday April 6th or Monday April 9th. | | | | | | | TOP STORIES | Thursday , 05 Apr 2012 | | In observance of the second anniversary of one of the country's worst mine disasters, Alpha Resources announced it will permanently close the Upper Big Branch coal mine Thursday , 05 Apr 2012 | | While sales and prices of coins may move up and down as price fluctuations beget opportunities, fundamentals for owning precious metals remain stronger than ever. Thursday , 05 Apr 2012 | | Negotiations between protesting miners and regional authorities resulted in an agreement to create a high-level commission to investigate the continued closure of the La Oroya mining complex in Peru. Thursday , 05 Apr 2012 | | The burgeoning trend of countries upping the ante on returns from their respective mining sectors is a delicate balancing act that is. Wednesday , 04 Apr 2012 | | After punching some 32,000 metres of drilling in 2011, Gobimin announces an updated resource on its Sawayaerdun project. Wednesday , 04 Apr 2012 | | Speaking at the breaking of ground at its new Barberton Gold Tailings Retreatment Project, CEO, Jan Nelson, said the group is set to add between 20 000 and 25 000 ounces to its existing base Wednesday , 04 Apr 2012 | | With strong gold mineralized drilling results, Aureus wagers for an imminent boost in resources as its New Liberty project advances closer to production. Thursday , 05 Apr 2012 | | According to a person with knowledge of the returns, John Paulson's Gold fund lost 13% in March, as gold mining companies saw their share prices fall Thursday , 05 Apr 2012 | | The company reported a 17% jump in quarterly profit and chose not to release a full life-of-mine plan for the Diavik diamond project after its partner Rio Tinto said it was considering a sale of its diamond assets. Thursday , 05 Apr 2012 | | The coal mines, operated by the BHP Billiton-Mitsubishi Alliance JV, will be hit by a two-day work stoppage on April 12, union officials said on Thursday. Thursday , 05 Apr 2012 | | The Brazil's Federal tax authority says the measures are aimed at ending "price manipulation" of inter-company imports and exports that allow multi-national companies to evade local taxes. Thursday , 05 Apr 2012 | | Operations at RUSAL's Friguia alumina refinery in Guinea have been halted following an employee strike but the company says production losses would be "insignificant". Thursday , 05 Apr 2012 | | CEO Mark Bristow said Wednesday the company was operating normally in Mali and sees the post-coup political crisis in the country being resolved relatively quickly. Wednesday , 04 Apr 2012 | | CEO Mark Cutifani's compensation was raised 24% in 2011 as profit rose to a record, the Johannesburg-based gold miner said in its annual report published on its website today. Wednesday , 04 Apr 2012 | | The FTSE/JSE Africa Gold Mining Index fell the most in six months after gold slipped for a second day as the dollar strengthened on signs the U.S. Federal Reserve was unlikely to provide more stimulus for the economy. Wednesday , 04 Apr 2012 | | ArcelorMittal South Africa paid CEO Nonkululeko Nyembezi-Heita R8 million last year, almost double her remuneration in 2010, when no share options were awarded. Wednesday , 04 Apr 2012 | | With a holiday in China and a post-strike Indian market a slow to return, the yellow metal is likely to consolidate in New York Wednesday , 04 Apr 2012 | | Great Basin Gold's Burnstone gold mining operation in South Africa and its under-achievement to date, is weighing heavily on the company's share price and 2012 will be a make or break year for the new mine. Tuesday , 03 Apr 2012 | | 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 | | 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. | | The creation of a R23bn platinum mining business to rank as No 4 in the world. | | According to the CPM Group's Jeff Christian gold is unlikely to fall much below $1,400 during the next decade but investors are likely to start focusing more attention on gold stocks | | |
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Pan African Resources starts construction of its Barberton Tailings Retreatment Plant Pan African commenced bulk earthworks for the construction of its Barberton Tailings Retreatment Plant ("BTRP") on Wednesday April 4th, to be constructed on the Barberton Property, adjacent to the current Bramber tailings dam. The commencement of bulk earthworks marks the start of the civil work that will entail bulk excavations for creating the terracing of the BTRP which will become the foundation for the mechanical construction of the Carbon-in-Leach tanks, scheduled to commence in June 2012. Management contractor firm, Basil Read-Matomo, which designed the plant and will procure and construct it, has established itself on site with a temporary office. For the full release click here | | | | | | | | | | | CONFERENCES | 2012 New York Hard Assets Investment Conference and Exhibition | | Date: 14 May 2012 - 15 May 2012 | | Venue: Marriott Marquis Hotel, Times Square, New York | | The New York Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Mineweb will be in attendance. Read More | | | | | | FEATURED
COMPANY | 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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