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| | | | Ian McAvity looks at some of the major events taking place at the moment and what they might mean for gold, silver and the rest of the commodities complex. | | | | | TOP STORIES | Tuesday , 29 May 2012 | | Deliberations on World Markets Author, Ian McAvity, believes that the world faces a number of major challenges that could see gold go significantly higher this year. Tuesday , 29 May 2012 | | Selwyn to look at 3,500 tonne per day option for the Selwyn zinc-lead project in the Yukon as it also looks to make a deal happen on all or part of its assets. Monday , 28 May 2012 | | A meeting, of top mining stakeholders is to take place in Midrand involving mining companies, trade unions and government with the intention of finding a consensual way forward for the country's key mining industry. Monday , 28 May 2012 | | Barclays Plc estimates the metal's 17% plunge to $1,433.50 since late February leaves it within 3 percentage points of the common definition of a bear market. Tuesday , 29 May 2012 | | While it is the top player on China's gold and futures exchanges The Industrial and Commercial Bank of China, the world's biggest bank by market value, is currently limited to OTC trading in foreign markets. Tuesday , 29 May 2012 | | Gold is currently doing what every other business sector is doing - just 'sitting on its hands' as shellshocked politicians and economists try to unravel the complexities of the global economic meltdown. Monday , 28 May 2012 | | China's record imports of coal in April, at 25.05 million tonnes, up 90.1% year on year, indicate rather robust trends for commodity demand, despite concerns over a slowing economy. Monday , 28 May 2012 | | The miner said Tuesday its refined platinum fell 46% in the three months to the end of March as union rivalry and wage dispute protests prompted a six-week illegal strike at its Rustenburg mine. Tuesday , 29 May 2012 | | When added to the South African miner's existing 50% stake, the $220m deal will give AngloGold Ashanti 100% control of the Crixas gold mine. Tuesday , 29 May 2012 | | It was at least the second time the Peruvian government has used emergency rules that give the army special police powers and prohibit people from gathering in groups to end anti-mining protests. Tuesday , 29 May 2012 | | Mining firms operating in the South American country will have to get prior approval for overseas purchases and submit import plans 120 days in advance. Tuesday , 29 May 2012 | | GVK's Alpha coal project has made the most progress towards development among several in the untapped Galilee Basin, where Indian rival Adani Enterprises is planning a A$10.9 billion coal and rail project. Tuesday , 29 May 2012 | | Helped by rain over the weekend that dampened forest fires near Kirkland Lake and Timmins, gold mining operations are slowly returning to normal. Tuesday , 29 May 2012 | | CEO Ian Farmer says the platinum industry as a whole would need to cut back on investment plans if current prices persist. Monday , 28 May 2012 | | B2Gold maintains gold guidance this year and while it warns of 10% higher cash costs overall, first quarter performance beats expectations. Monday , 28 May 2012 | | State-owned miner Gecamines sold its 25% stake in Comide Sprl last year, potentially breaching conditions attached to the country's $561 million IMF loan agreement because it failed to disclose the transaction. Monday , 28 May 2012 | | Noront Resources has delayed the release of the feasibility study for its Eagle's Nest project in order to review the impact a proposed road development will have on its plans. Monday , 28 May 2012 | | The Shanghai Futures Exchange's silver futures contracts, the first of their type to be offered in China, give Chinese investors a new way to bet on the precious metal. Monday , 28 May 2012 | | 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. | | 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. | | 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. | | 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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Aura Energy says updated scoping study further supports Häggån project viability Highlights - Revised Scoping Study financial model prepared by independent consultants RMDSTEM confirms Häggån Project is financially robust
- Revisions significantly enhance project economics with pre-tax NPV10 of US$1.85B at a U308 price of $US65/lb
- Annual production rate of 7.8Mlbs (3,538t) of U308, which would place Häggån in top five current & planned uranium producers
- IRR of 49% with payback of less than 5 years, or 17% of project life
- Häggån amongst lowest cost uranium operations globally demonstrated by:
Operating costs US$13/lb U308 when nickel & molybdenum treated as by-products
Operating costs US$26/lb U308 when nickel & molybdenumtreated as uranium equivalent - Financially robust at current spot U308 prices of $52/lb
For the full release click here | | | | | | | | | | | | | | | CONFERENCES | Earth's Resources Conference 2012 | | Date: 20 June 2012 - 21 June 2012 | | Venue: JW Marriott Hotel, Hong Kong | | A high-powered invitation-only conference bringing together institutional investors and mining companies interested in particular in generating investment in the Asian marketplace. Read More | | | | | | 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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