Monday, May 7, 2012

MINEWEB.COM'S TOP STORIES: Inmet ready to begin Cobre Panama project construction

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TOP STORIES | Monday , 07 May 2012                                                     

Inmet ready to begin Cobre Panama project construction

Inmet Mining has launched a $1 billion senior unsecured notes offering as part of a total finance plan for the $6.18 billion Cobre Panama project.    Monday , 07 May 2012

All the gold and silver roads now leading to China

With the opening of silver futures trading in Shanghai, China could rapidly become a major player in silver trading given its position as now almost certainly being the world's largest silver consumer.    Monday , 07 May 2012

Arafura Resources lines up South Korea rare earths buyer

The company has signed a non-binding MoU with a large South Korean multinational, which it declined to name, that will involve funding for its Nolans project and buying at least 3,000 t/y of rare earths output.    Monday , 07 May 2012

Panoramic moves in on Platinum Australia's Panton project

Platinum Australia has sold its Panton pgms project to nickel/copper miner Panoramic Resources to concentrate on its South African platinum mine developments.    Monday , 07 May 2012

Bid for LME will be big test for HKEx's CEO

Monday promises to be a challenging day for Charles Li, CEO at Hong Kong Exchanges and Clearing Ltd, who faces a deadline to successfully bid for the 135-year-old London Metal Exchange.    Monday , 07 May 2012

David Stockman's investment model - ABCD (anything Bernanke can't destroy)

David Stockman's investment strategy - "batteries, beans, water, gold.." Anything Bernanke Can't Destroy" An indictment of Wall Street and the Fed. Interview with The Gold Report.    Sunday , 06 May 2012

Kumba Iron Ore's post bonus legacy

Has the South African iron ore miner created expectations of unattainable heights with its enormous ca US$65,000 distribution to the bulk of its employees last December?    Saturday , 05 May 2012

Is this Baja Mining's 'Et tu, Brute?' moment?

Two directors who recently resigned from the Baja Mining Board now say they would rejoin a reconstituted board proposed by dissident shareholder, Mount Kellett Capital Management.    Saturday , 05 May 2012

Nevsun, Andiamo show Eritrea's huge gold, copper, zinc potential

The tale of Eritrea's first major miner, Nevsun, which has had mixed fortunes this year and gold explorer, Andiamo Exploration, whose chairman has been a long time believer in the country's mineral potential.    Friday , 04 May 2012

China steel prices sag to 2 month lows, iron ore fall

The fall in Shanghai rebar steel futures, their weakest level in more than two months, prompted sellers of iron ore to cut prices on Monday.    Monday , 07 May 2012

Australia's Whitehaven Coal bids $174m for Coalworks

Whitehaven Coal, which already controls 17.3% of Australian coal explorer Coalworks, plans to acquire the latter for A$1 per share, valuing the company at $174 million.    Monday , 07 May 2012

Global miners will fight advance of resource nationalism - Glencore CEO

Glencore CEO Ivan Glasenberg told a conference in Switzerland that mining companies will fight resource nationalism by pulling out of countries where they feel demands are too onerous.    Saturday , 05 May 2012

Curious goings-on in the gold (and silver) market

There seems to be a major seller of gold and silver out there who doesn't care how its massive sales move the market - but there is also a corresponding major buyer (China?)    Saturday , 05 May 2012

Human resource crisis for the mining sector getting worse

The crisis inflicting the global mining sector arising from the lack of young people entering the sector is beginning to have a real impact and is likely to affect mine production adversely for the foreseeable future.    Saturday , 05 May 2012

Exxaro considers accelerating Congo iron ore project

The miner says it is reviewing the work done on the Mayoko deposit by African Iron and will start rail and port negotiations with government once the new plans are completed.    Friday , 04 May 2012

Petra Diamonds restarts output at Tanzania mine

London-based Petra Diamonds has restarted production at its Williamson mine in Tanzania after two years spent rehabilitating the surface area.    Friday , 04 May 2012

Romania to re-examine Rosia Montana gold mine - and shale gas development

The new government has pledged a moratorium on shale gas exploration and will analyse whether a plan Gabriel Resources proposes for the Rosia Montana Gold project is in the national interest.    Friday , 04 May 2012

Weekend top story: Platinum in desperate need of a game changer

For Thomson Reuters GFMS, there is a danger that the surpluses now present in the platinum sector could become hardwired into the system    Friday , 04 May 2012

PODCASTS / RADIO                                                     

Central Bank gold buying, consolidation and the impact of the euro zone - Nichols

Jeff Nichols, looks at why central bank buying is so important and the potential impact of a breakup of the euro zone on the gold market

Chinese copper stocks and the commodities complex - Nic Brown

Natixis's head of commodities research believes we could see China well stocked with copper this year and the rest of the world a little short on the metal.

Mine financing, silver and Silver Wheaton's prospects - Randy Smallwood

Silver Wheaton CEO, Randy Smallwood, explains why the current funding environment is good for the company and why he remains bullish on the metal.

Real interest rates and the lack of a gold bubble - Ross Norman

Speaking to Mineweb from the Denver Gold Group's European Gold Forum, Ross Norman explains why gold is not in a bubble and why investors must continue to come to the party

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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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