Monday, May 21, 2012

MINEWEB.COM'S TOP STORIES: Something brewing in gold?

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TOP STORIES | Monday , 21 May 2012                                                     

Something brewing in gold?

Does the sharp upturn in the gold price at the end of last week presage a major change in direction for the yellow metal after two and a half months of declining prices? This week should give a guide.    Monday , 21 May 2012

Missouri lawmakers debate U.S. gold, silver coins use as legal tender

Missouri may be the second state, after Utah, to authorize the use of gold and silver coins or special "sound-money depositories" to pay debts to state government.    Monday , 21 May 2012

Has the EPA overstepped its bounds with Pebble Project assessment?

Can the EPA legally issue a lengthy report detailing potential negative impacts of the Pebble copper-gold project on Alaska's Bristol Bay before the Pebble Partnership submits permitting requests?    Monday , 21 May 2012

Vale to lose market share to rivals as stricter mine laws bite

Iron ore miner Vale is poised to lose its market share to Australian rivals Rio Tinto Group and BHP Billiton as Brazil imposes stricter environmental rules on new mining projects and labor costs soar.    Monday , 21 May 2012

Silver-zinc resources grow for MacPhersons Reward

According to MacPherson MD, Morrie Goodz, a substantial lift in silver and zinc resources has strengthened the development plans for its Nimbus project.    Monday , 21 May 2012

Carpentaria advances Broken Hill Iron project

The Broken Hill region, noted for its world-class lead-zinc-silver mines, may get its first iron ore mine by mid 2015 if Carpentaria Exploration's project goes according to plan.    Monday , 21 May 2012

Overarching reasons for investing in the junior resource sector

Most junior resource sector stocks have been decimated in recent months, but there are a huge number of factors which suggest that a 'contrarian' investment in the sector will come good - at least eventually!    Monday , 21 May 2012

Silvercorp posts record net income in year end

Silvercorp reports strong financials Friday, despite a drop in net income during the last quarter of its fiscal 2012.    Friday , 18 May 2012

Is this the start of the turnaround juniors have been waiting for?

Markets were finally good to juniors late this week with gains across the venture and main board in Toronto for junior miners and explorers on Thursday and Friday.    Friday , 18 May 2012

Toro Energy gets state backing for W. Australian uranium mine

The company has gained the backing of the West Australian Environmental Protection Authority to build what would be Western Australia's first uranium mine.    Monday , 21 May 2012

Chinese traders default on thermal coal contracts - traders

At least six defaulted thermal coal cargoes were being re-offered at a discount, traders said Monday, with contracts from the US, Colombia and South Africa the main casualties.    Monday , 21 May 2012

Investment strategies for the junior resource sector

Aaron Kennon suggests questions to ask, what specialized knowledge your adviser should know and why small-cap and junior resource equities are offering surprisingly thrilling returns. Gold Report interview.    Saturday , 19 May 2012

Inmet closes 1.5bn debt offer for Cobre Panama project

Toronto-based Inmet plans to use the proceeds of the debt offer to fund construction of its Cobre Panama copper/gold project in Central America.    Friday , 18 May 2012

Nord Gold Q1 net income down 30% on declining output

CEO, Nikolai Zelenski, expects a stronger second half of the year after the company's Q1 income dropped 30% year-on-year to $60 million on declining output.    Friday , 18 May 2012

Weekend's Top Story: Opportunity knocks in silver: Chris Thompson

Silver has been called the devil's metal because of its volatility. But volatility produces opportunity, according to Chris Thompson of Haywood Securities. Interview with The Gold Report.    Friday , 18 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

Condor Resources releases metallurgical testwork results for La India project, Nicaragua

Condor (AIM:CNR), a gold exploration company focused on delineating a large commercial resource on its 100%-owned La India Project in Nicaragua, is pleased to announce the result of metallurgical test work completed by Met-Solve Laboratories Incorporated ("Met-Solve") of Langley, British Columbia, Canada on two high grade samples from La India Project. The metallurgical test work demonstrates that both gravity concentration and cyanide leach are effective methods of processing the gold mineralised rock at La India with the best recoveries of between 90% and 96% achieved from a combination of gravity concentration and cyanidation of the gravity tails.

For the full release click here

 
 

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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