Tuesday, May 22, 2012

MINEWEB.COM'S TOP STORIES: Olympic Dam expansion still likely - Govt. mining chief

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Tuesday , 22 May 2012                                                     

Olympic Dam expansion still likely - Govt. mining chief

Paul Heithersay, CEO of the Olympic Dam Taskforce, gave doubtful investors hope that the multi-billion dollar expansion of the copper-uranium-gold mine will proceed as planned.    Tuesday , 22 May 2012

Don't capitulate to 'New Age Bigotry', invest in mining-Coxe

A backroom political ban on investing in companies deemed impure by environmental NGOs is unfairly depressing the prices of some of the leading gold mining stocks, and hurting pension funds, Coxe says.    Tuesday , 22 May 2012

Kirkland Lake, Ontario, forest fire impacts 2 gold mining operations

Kirkland Lake Gold suspended mining operations as the Young-Davidson gold mine put ore processing on hold as they cope with power outages caused by the Kirkland Lake forest fire.    Tuesday , 22 May 2012

People power, gold and silver - huge rebound ahead.

Leonard Melman, veteran precious metals analyst, discusses the implications of the recent European elections on the prospects for the gold and silver markets and their likely huge rebound. Gold Report interview.    Tuesday , 22 May 2012

Silver City hoping to extend Broken Hill lode

The junior miner is planning to drill a potential extension to Broken Hill's famous Line of Lode in the hopes of finding another elephant.    Tuesday , 22 May 2012

From coal mine to classroom

Mine closure usually spells the end of communities situated in the back of beyond but, a small town in South Africa is fighting that fate with education.    Monday , 21 May 2012

Defriended gold still has room to run - Holmes

Frank Holmes maintains gold may not go up vertically from here, June and July are traditionally weak months for the metal, longer term the metal will rise.    Tuesday , 22 May 2012

Peel's Cobar copper discovery could be fast-tracked following CBH tie-up

The potential marriage between Peel Mining and CBH Resources, now owned by Toho, opens up scope for new Cobar region discovery.    Monday , 21 May 2012

Xstrata sees China copper demand rebounding in Q2

Head of Xstrata's copper unit, Charlie Sartain, says the company has earmarked roughly $7 billion to boost its copper division, mainly in Chile, Peru and Argentina, and also in Australia.    Tuesday , 22 May 2012

China's slowing economy hitting its appetite for commodities?

Traders are saying more Chinese buyers are deferring on coal and iron ore shipments following a drop in prices, providing more evidence that the country's economy is slowing.    Tuesday , 22 May 2012

BHP Billiton to restart Tasmania manganese ops

The mining giant will restart suspended works at its TEMCO manganese plant by the end of August after identifying cost cuts.    Tuesday , 22 May 2012

Fresh protests erupt near Impala Platinum's Rustenburg mine

Regional police services say new protests erupted Tuesday at an informal settlement near Impala Platinum's giant Rustenburg mine, which was shut for 6 weeks this year due to battles between rival unions.    Tuesday , 22 May 2012

South Africa's power supply extremely tight

Power utility Eskom is walking a tightrope to keep power flowing to factories, mines and smelters that had to shut down for days four years ago, costing the economy billions of dollars in lost output.    Tuesday , 22 May 2012

Anglo American to open London, Singapore sales hubs

The company says the new commercial hubs in Singapore and in London will help to strengthen its relationships with customers in Asia and Europe.    Monday , 21 May 2012

ArcelorMittal suspends $1.5bn Brazil expansion plan

The steelmaker's Brazilian unit says demand is not expanding fast enough, adding the outlook for global demand in the face of Greece and Europe's debt problems is weak.    Monday , 21 May 2012

Vale to build 2nd iron ore storage vessel in Asia

The floating iron ore storage vessel will be used to feed shipments to its main market, China, a senior company official said on Monday.    Monday , 21 May 2012

Political miscalculation raises risks for Mongolian mining

Critics say Mongolia's bid to discredit former president Nambar Enkhbayar could backfire and strengthen his party in the upcoming elections, putting at risk mining investments in the country.    Monday , 21 May 2012

Yesterday's top story: Sprott sees great things for gold and silver

An expectedly upbeat presentation on gold and silver in New York from Eric Sprott pointed to a large number of factors supporting his premise that gold, and silver even more so, will revert back to their rising paths.    Monday , 21 May 2012

PODCASTS / RADIO                                                     

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.

Platinum, palladium market trends 2012 - Johnson Matthey

Johnson Matthey Publications Manager, Jon Butler, looks at what happened in the PGM market in 2011 and looks ahead to the anticipated trends for 2012

AngloGold Ashanti Quarterly earnings - Mark Cutifani

According to Mark Cutifani, AngloGold Ashanti CEO, the group's diversity helped boost the numbers for the quarter, as did the higher gold price

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CONFERENCES

RES - Broken Hill 2012
Date: 20 May 2012 - 23 May 2012
Venue: Civic Centre, Broken Hill, Australia
A 2.5 day symposium with key industry players, private investors and world class international speakers. Learn more about the resources and energy sector and how it impacts Australia's future and the global economy. Read More
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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