Tuesday, May 1, 2012

MINEWEB.COM'S TOP STORIES: Scientific rationality aside, metals prices are about to turn for the better-Ecclestone

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These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com

 

 

FEATURED PODCAST                                                     

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.
 

TOP STORIES | Tuesday , 01 May 2012                                                     

Scientific rationality aside, metals prices are about to turn for the better-Ecclestone

It may not be a first order recovery for mining project financing, but there are more than a few reasons to be cheerful in the mining space, Hallgarten's Christopher Ecclestone suggests.    Tuesday , 01 May 2012

El Morro copper-gold project permit on hold pending more indigenous consultation

Chile's Supreme Court has temporarily suspended the El Morro JV environmental permit until perceived deficiencies in consultation with the Diaguita Nation can be addressed.    Tuesday , 01 May 2012

Junior mine developer Rubicon snatches Goldcorp veteran for top spot

Michael Lalonde is jumping ship from Goldcorp to Rubicon Minerals as the latter moves its Phoenix gold project in the Red Lake district through to production.    Monday , 30 Apr 2012

Avanti outlines silver credit as key to financing Kitsault moly project

In a bid to meet an equity commitment as part of a broader debt package Avanti shores up the case for selling its silver stream at Kitsault with metallurgical testing as it seeks alternate financing.    Monday , 30 Apr 2012

AngloGold DRC mine threatened by tens of thousands of ex-fighters

The gold miner says tens of thousands of ex fighters are already mining in the area where its Mongbwalu gold mine is situated and don't want to move    Tuesday , 01 May 2012

Xstrata posts drop in Q1 copper production

The miner said quarterly copper output dropped more than 18 percent year-on-year, after a number of their mines reached the end of their respective lives    Tuesday , 01 May 2012

Sun Metals to maintain zinc deliveries despite supplier collapse

The Australian miner, a subsidiary of Korea Zinc, said Tuesday its Zinc output target was still achievable despite the collapse of key supplier Kagara Ltd    Tuesday , 01 May 2012

Southern Copper Q1 net income jumps 30%

The copper miner said a 13% jump in sales amid lower operating costs during the period helped offset weaker metals prices    Tuesday , 01 May 2012

Zimplats sees quarterly profits jump 170%

A 32% increase in revenue from higher average platinum prices saw Impala Platinum's Zimbabwe unit's profits climb 170% quarter on quarter despite some labour and power shortage problems.    Monday , 30 Apr 2012

Mongolia's mine law change unlikely to be retroactive - minister

Vice finance minister, Chuluun Ganhuyag, says the proposed new law will only apply to investment in certain deposits, but the list will go beyond the country's current list of strategic assets.    Monday , 30 Apr 2012

Chinese firm has plans to revive Uganda's Kilembe copper/cobalt mine

Gingko Energy Company plans to spend $100 million over five years to revive production at the Kilembe copper/cobalt mine, which was abandoned in the early 1980s due to political turmoil.    Monday , 30 Apr 2012

Yesterday's Top Story: Canada becoming world class iron ore region, copper to rally H2 - Scotiabank's Mohr

China's push to diversify its supplies away from the big three iron ore miners is propelling development that will transform Canada's Nunavut/Labrador Trough into a world-class iron ore region.    Monday , 30 Apr 2012

PODCASTS / RADIO                                                     

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

The likelihood of QE and a long-cycle correction for gold – Murenbeeld

Gold is roughly in the middle of a 20 to 25 year cycle and should break through its all time highs within the next few years but, it won't be smooth sailing

Junior financing and avoiding "slippery slope" economics

GCIC portfolio manager, Robert Cohen, looks at the lay of the gold equity land and what the money currently on the sidelines is looking for

NOTICE OF FORECLOSURE SALE OF INTEREST IN MINING COMPANY

Pursuant to Article 9 of the Nevada Uniform Commercial Code, Secured Creditor Waterton Global Value, L.P. (Secured Creditor) or its designated agent will sell 300 Member Ownership Interests of Mineral Ridge Gold, LLC (Mineral Ridge LLC), a Nevada limited liability company, represented by share certificate No. 2 and representing a 30% ownership, as further described below (the Mineral Ridge LLC Collateral), to the highest qualified bidder in a public sale as follows:

Click here for the full release

 
 

CONFERENCES

2012 New York Hard Assets Investment Conference and Exhibition
Date: 14 May 2012 - 15 May 2012
Venue: Marriott Marquis Hotel, Times Square, New York
The New York Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Mineweb will be in attendance. Read More
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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