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| | | | | | | TOP STORIES | Thursday , 31 May 2012 | | One of the ultimate examples of the sustainability of mines-the nation's first deep underground science lab-was formally unveiled deep in the caverns of the former Homestake gold mine. Thursday , 31 May 2012 | | Pan African Resources has offered to buy Harmony's Evander mine on its own for R1.5bn after a disagreement with Wits Gold over conditions precedent. Wednesday , 30 May 2012 | | The friendly merger of Neo Material Technologies, Molycorp and MCP Exchange is expected to proceed very smoothly when it goes before the Ontario Superior Court of Justice on June 8th. Thursday , 31 May 2012 | | For Sprott's John Embry the current level represents a strong buying opportunity because nothing in recent months has really been gold unfriendly. Wednesday , 30 May 2012 | | New CEO Philippe Mellier says his 15 jobs in 18 years has given him the ideal experience base from which to take the diamond maker forward. Wednesday , 30 May 2012 | | Both companies will send details of their long-awaited merger to shareholders on Thursday, including a 3-year retention package set to be worth tens of millions of dollars for Xstrata boss Mick Davis. Thursday , 31 May 2012 | | The miner is expected to make a final investment decision on the Port Hedland outer harbour project in the Pilbara region in Western Australia later this year. Thursday , 31 May 2012 | | The Brazilian miner, the cheapest of the world's 15 biggest miners relative to earnings, is attracting interest from BlackRock and Aberdeen Asset Management after the stock slumped to the lowest in two and a half years. Thursday , 31 May 2012 | | The company says a recovery in PGM prices is unlikely in the near term due to volatility in the European markets, which consume about 50% of South Africa's platinum production. Thursday , 31 May 2012 | | The blockade of the Barito and Mahakam rivers is the latest protest by Indonesians who feel disenfranchised by their country's commodities boom. Thursday , 31 May 2012 | | Company spokesman Pan Qifang says start-up of the 400,000 tonne-a-year product plant in Guangdong will be delayed until the second half of the year because of the rainy season. Thursday , 31 May 2012 | | Worries about the health of the global economy have dragged London copper prices to their lowest level so far this year as investors continue to exit riskier assets on mounting fears about the debt crisis in Europe. Thursday , 31 May 2012 | | GlobalOre, backed by major iron ore miners BHP Billiton, Vale and Rio Tinto made its debut Wednesday, heralding the start of competition with China's efforts to set an industry price benchmark. Wednesday , 30 May 2012 | | Juniors hope major deposits, such as Simandou in Guinea and Belinga in Gabon, will help West Africa challenge an iron ore market dominated by Australia and Brazil. Wednesday , 30 May 2012 | | According to proposed revisions in legislation, companies investing in Mozambique could be required to reserve between 5% and 20% of their local ventures for placements on the bourse. Wednesday , 30 May 2012 | | Ross Norman looks at the implications for gold of an increased focus on the assets banks are allowed to hold as tier one capital. Tuesday , 29 May 2012 | | Sprott Asset Management's John Embry believes at current levels gold is offering the finest buying opportunity of the whole 12 year bull market. | | 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. | | 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. | | |
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Pan African to acquire 100% of Evander Gold Mines; issues further cautionary announcement Pan African is pleased to advise its shareholders ("Shareholders") that today, 30 May 2012, ("Signature Date") it entered into an agreement ("Acquisition Agreement") with Harmony Gold Mining Company Limited ("Harmony") in terms of which a wholly-owned subsidiary of Pan African ("Purchaser") will acquire the entire issued share capital of and claims against Evander from Harmony ("Transaction") for a total purchase consideration of R1.5 billion, subject to certain terms and conditions more fully described below. The Transaction follows the termination of the transaction regarding the proposed acquisition of Evander from Harmony by a consortium, which included Pan African, as referred to in an announcement released by Harmony on the Securities Exchange News Service of the JSE Limited earlier today. 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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