Thursday, May 17, 2012

MINEWEB.COM'S TOP STORIES: Oxfam sues SEC over failure to issue final rule on transparency

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TOP STORIES | Thursday , 17 May 2012                                                     

Oxfam sues SEC over failure to issue final rule on transparency

Despite congressional mandate, the SEC can't seem to issue a final rule regulating transparency in extractive industries about payments made to officials to further mining projects in foreign nations.    Thursday , 17 May 2012

National Strategic & Critical Minerals Act now goes to full vote of U.S. House

A bill aimed at streamlining permitting in one of the worst mining permitting jurisdictions globally, the United States, has won approval of the House Natural Resources Committee.    Thursday , 17 May 2012

Gold investors forgetting the lessons of 2008

Gold is currently trading at levels last seen before its big move up last summer and, Adrian Ash asks how much worse do things need to get before the lessons of 2007-2009 are revived.    Thursday , 17 May 2012

Extorre looks to high-grade open pits to fund Cerro Moro development

Extorre Gold Mines looks for ways to minimize dilution as it advances its Cerro Moro project in Argentina closer to possible financing.    Wednesday , 16 May 2012

Shareholders ask questions of AMSA CEO's pay hike

Shareholders raised concerns at ArcelorMittal South Africa's AGM Wednesday particularly as to the remuneration paid to CEO, Nonkululeko Nyembezi-Heita    Wednesday , 16 May 2012

China's Q1 gold demand hit record highs - WGC

The World Gold Council says demand surged on investor worries over inflation and property market curbs, bucking a lower trend in global consumption driven by higher gold prices.    Thursday , 17 May 2012

Gold Fields Q1 earnings fall but beat market estimates

Despite reporting an 18% drop in its quarterly earnings, South Africa's Gold Fields beat market estimates as output and the bullion price in South African rand both fell.    Thursday , 17 May 2012

Glencore tightens grip on global zinc industry

Industry sources say the commodity trader is forcing industrial users to pay high physical premiums for a metal that is in surplus by moving material to inaccessible locations.    Thursday , 17 May 2012

Platinum jewellery rides trendy wave in gold-focused India

Platinum is finding a market among younger consumers in the country especially now that it is cheaper than its yellow cousin, but analysts believe it is creating new markets rather than stealing gold's lunch    Wednesday , 16 May 2012

Investors favour dollar over gold even as Goldman Sachs sees rally

While Goldman Sachs predicts record gold prices in the next 12 months, investors are reducing their gold holdings for a third month and choosing the dollar as a haven from Europe's debt crisis.    Wednesday , 16 May 2012

Anglo American approves capex to 2014

The London-based mining group plans to increase output by more than 50% by end 2014 as it bets demand for the commodities it produces will be buoyed by Asian economic expansion.    Wednesday , 16 May 2012

Vale not retaliating against mega ship ban

Industry officials say the Brazilian iron ore miner has not stopped hiring vessels from some Chinese firms in retaliation for Beijing's ban on its huge Valemaxes.    Wednesday , 16 May 2012

Tanzania's gold production up 13% in 2011

Gold output rose to 40.4 tonnes in 2011 from 35.6 tonnes a year ago after mining companies invested in higher output in a bid to cash in on the rising gold price, its central bank said Tuesday.    Wednesday , 16 May 2012

Pan American Silver profit falls 46% on takeover charge

The company's quarterly profit fell 46% as charges related to its takeover of Minefinders Corporation outweighed higher realized silver prices and sales volumes.    Wednesday , 16 May 2012

Indonesia stretches export duty to 21 metals

In total, 65 mineral types excluding coal will be affected by the new export duties, effective immediately, finance minister Agus Martowardojo said Wednesday.    Wednesday , 16 May 2012

Canadian Zinc raises capex estimate for Prairie Creek project

The company currently expects to spend C$150 million to C$160 million on bringing its Prairie Creek mine to production, up from its previous estimate of $120 million.    Wednesday , 16 May 2012

African Barrick Gold ups Tanzania royalty pay by 1%

The FTSE 250 gold miner will pay an additional 1% in royalty to the Tanzanian government, citing the current gold price environment.    Wednesday , 16 May 2012

Yesterday's Top Story: Is the resource boom over? A resounding No!

Speaking at the New York Hard Assets Investment Conference this week, respected analyst Adrian Day gave the reasons for his belief that the recent resource boom is still far from over.    Wednesday , 16 May 2012

PODCASTS / RADIO                                                     

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

Chinese demand, the US election and the outlook for gold over summer - Steel

"We are probably going through the correction now, the second half of the year is likely to be a little better"

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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


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Wendy Hora, Australasia

 

Production

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Editor in Chief

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