Thursday, May 24, 2012

MINEWEB.COM'S TOP STORIES: Alarmed House Republicans review EPA's Spruce permit revocation

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TOP STORIES | Thursday , 24 May 2012                                                     

Alarmed House Republicans review EPA's Spruce permit revocation

The EPA's quest to broaden its powers to nullify previously granted wetland permits for U.S. mining operations has alarmed the Republican leadership of the House Subcommittee on Energy and Minerals.    Thursday , 24 May 2012

Another federal permitting delay rocks Romarco shares

Romarco Minerals looks to August next year for a decision on an environmental impact statement for its multimillion-ounce Haile gold project.    Thursday , 24 May 2012

Science the center of GOP/Obama's latest uranium mining battle

The chairman of the House Natural Resources Committee has demanded several federal agencies turn over all documents concerning the withdrawal of 1 million acres from uranium mining in Arizona.    Thursday , 24 May 2012

NGEx hits best copper-gold intercept yet at Josemaria

Drilling near the resource boundary bodes well for grades in copper-gold porphyry for NGEx Resources.    Wednesday , 23 May 2012

'Mining Truth initiative' wants to 'educate' Minnesotans about mining

Minnesota environmental special interests say their latest initiative aims to engage all Minnesotans, including miners, "in a respectful, open, fact based dialogue" about sulfide mining.    Thursday , 24 May 2012

With so much uncertainty, why is gold not trading higher?

As the possibility of a Greek exit looms large and US debt remains unruly, why is gold behaving as it is?    Wednesday , 23 May 2012

Coal India to exit mine-purchase consortium

Coal India's decision to leave the International Coal Ventures Limited consortium could make Prime Minister Singh's plan to $400 billion over the next five years more difficult.    Wednesday , 23 May 2012

Euro stress corrupting even gold, but the dollar stands firm

Adrian Ash says while the euro has become a very toxic asset, the dollar is only at an 18 month high, if it does really start to push higher, things could get a lot worse.    Thursday , 24 May 2012

Codelco confident of reaching 2012 target despite Q1 drop

The copper miner is confident it will reach its annual target of 1.708 million tonnes and put behind the 10% loss of output suffered in the first quarter from a year earlier.    Thursday , 24 May 2012

Newmont to cut over $1bn from planned Peru project spend

CEO Richard O'Brien says Newmont will spend $440 million on the Conga project in Peru over the next 18 months, down sharply from the $1.5 billion it had initially budgeted.    Thursday , 24 May 2012

China's top aluminium province idles capacity as demand slumps

The aluminium-producing province of Henan is reported to have idled some 700,000 tonnes of capacity in recent months which could rise to 1.2 million tonnes by the end of the year.    Thursday , 24 May 2012

Rio Tinto not seeing signs of China iron ore market slowdown

Head of Rio Tinto's iron ore division, Sam Walsh, says the company is seeing little evidence of a slowdown in demand from China and plans to go ahead and double output by 2016.    Thursday , 24 May 2012

Hanlong Mining delays $1.3bn Australia iron ore bid

The long delay on its takeover of Sundance Resources points to China's reluctance to make big bets on risky resources projects offshore amid uncertainty over economic growth at home.    Thursday , 24 May 2012

Deutsche Bank/Johnson Matthey to clear, store PGMs

The German bank will join Johnson Matthey, one of the world's largest refiners and recyclers of PGMs, to offer storage for platinum and palladium in ingot, plate and sponge form for its clients.    Wednesday , 23 May 2012

KGHM puts off further acquisitions until 2014

The copper miner says the move will enable it to concentrate on developing the recently purchased Quadra FNX, whose results it hopes will exceed expectations.    Wednesday , 23 May 2012

3 illegal diamond miners die and others trapped in S.Africa mine

Diamond giant De Beers said the incident occurred in an area where it had stopped mining two years ago, adding that the miners had ignored warnings not to enter the disused shafts.    Wednesday , 23 May 2012

Union turf war shuts Implats' Rustenburg mine for 2nd day

The latest flare-up buries hopes of settling the dispute that shut the mine, which accounts for about 15% of global platinum output, for six weeks earlier this year and cost 120,000 lost ounces.    Wednesday , 23 May 2012

Hochschild says YPF deal won't dull Argentina's shine

The miner says soaring inflation is more likely to dent the country's appeal for miners eyeing its gold, silver and copper reserves than last month's takeover of its biggest oil firm, YPF.    Wednesday , 23 May 2012

Rare earths juniors should applaud China's export controls

With China's quotas creating a marked price differential for critical metals, Michael Silver* insists that junior miners finally have an opportunity to develop the U.S. resource and manufacturing sectors. Critical Metals Report interview.    Wednesday , 23 May 2012

Yesterday's top story: Yukon juniors with cash to burn, and where they are spending it

With almost C$300 million set to go into mineral exploration in the Yukon in 2012, Mineweb lays out what Yukon explorers are up to this year.    Tuesday , 22 May 2012

PODCASTS / RADIO                                                     

Greek exit scenarios and what it means for gold - Grant Williams

The author of Things That Make You Go Hmmmm..., looks at whether or not an orderly exit is possible and what it all might mean for gold.

Silver a great business to be in for the next 50 years - Phil Baker

Hecla CEO, Phil Baker, says the silver market is currently in a similar place to where it was 100 years ago, when photographic uses were just beginning to gather steam.

WGC Gold Demand Trends Q1 2012 - Marcus Grubb

The World Gold Council's MD for Investments looks at the gold investment demand trends over the first quarter in particular the difference between Eastern and Western investment demand.

Gold junior financing troubles and a risk off environment - Welch

Ocean Equities analyst, Chris Welch, looks at some of the reasons behind the recent slump in junior miners and what we might expect for the rest of the year.

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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, Johannesburg

 

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