Friday, June 29, 2012

MINEWEB.COM'S TOP STORIES: Guatemalan mining proposals at early stage, won't affect existing mines - Tahoe, Dundee

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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

 

 
 

TOP STORIES | Friday , 29 Jun 2012                                                     

Guatemalan mining proposals at early stage, won't affect existing mines: Tahoe, Dundee

In separate statements, Dundee Securities Capital Markets and Tahoe Resources advise investors they have nothing to fear from mining law and constitutional reforms now being discussed by Guatemalan lawmakers.    Friday , 29 Jun 2012

Aluminum giants take note of this Quebec junior

Orbite Aluminae's president and CEO describes plans to conquer part of the high purity and smelter grade alumina industries.    Thursday , 28 Jun 2012

California state budget may ban suction gold mining forever, mining hobbyists fear

California's newly adopted state budget cuts not only state health care, welfare and education programs, but could wind up banning dredge mining forever in the waters of the "Golden State".    Friday , 29 Jun 2012

The Golden Goose-and its distraction from the sector's true trends

Investors in gold and gold stocks need to see beyond the Eurocrisis and central bank buying and look at basic supply/demand fundamentals and take note of the resurrection of past producing areas.    Friday , 29 Jun 2012

A 'Lehman moment' will ensure gold and silver will soar again

Be sure that a huge volume of money printing will soon be on the way in Europe, and in the U.S. too, and the gold speculators' long awaited stimulus to drive prices up will at last become a reality.    Thursday , 28 Jun 2012

Gold traders, investors and hoped for QE

While most eyes are focused, albeit sceptically on the EU summit that begins Thursday, many in the gold market are looking to the Fed for its next leg up.    Thursday , 28 Jun 2012

Transnet mulls revision of port charges

According to Transnet CEO, Brian Molefe, pricing between bulk commodities and containers is out of synch and needs to be addressed.    Thursday , 28 Jun 2012

Demand for lithium nearing break-out point

Economist Daniela Desormeaux* has plotted some important points in lithium's demand timeline and explains why small-cap lithium producers will have room to compete with the big boys. Energy Report interview.    Friday , 29 Jun 2012

Bre-X lawyer found guilty of misconduct

The panel of the Law Society of Upper Canada has now asked a tribunals office to set a date for a hearing on penalties against Joe Groia, which could range from a reprimand to a rescinding of his license to practise law.    Friday , 29 Jun 2012

Thompson Creek sees lower molybdenum output at Idaho mine

The molybdenum miner expects second-quarter production to come in at around 2.5m pounds at its Idaho mine after it was hit by a wall slough in May.    Friday , 29 Jun 2012

Qatar iron man faces off with Glencore on Xstrata deal

Bankers who have dealt with Ahmad al-Sayed, the Qatari investment manager holding the fate of Glencore's takeover of Xstrata, all agree he is a tough negotiator, someone who will cut the deal at the terms he wants.    Friday , 29 Jun 2012

Australia govt. grant to help keep Alcoa smelter running

Alcoa expects to keep its Point Henry aluminium smelter operating until at least mid-2014 after the government granted the firm a A$40 million assistance package to preserve jobs at the smelter.    Friday , 29 Jun 2012

China seeks more time to weigh Hanlong bid for Sundance

The provisional approval by China's National Development and Reform Commission is key to Hanlong lining up finance from China Development Bank, seen as the biggest hurdle to the deal which was first announced a year ago.    Friday , 29 Jun 2012

Peru gold miner Minera IRL gives 5% stake in project to residents

Even though the town of Ollachea is small, with only several hundred families, gold miner Mineral IRL spent five years negotiating the accord with the community.    Friday , 29 Jun 2012

AGN Agorindustrial buys 19.9% stake in Rio Verde

Rio Verde nets C$12.7 million to advance potash and phosphate projects in Brazil.    Thursday , 28 Jun 2012

Mining investment gems to be found but no longer any room for error - Brent Cook

According to Exploration Insights president and CEO, Brent Cook , there is a lot of money to be made in junior mining but investors must be very selective because no one's left to bail you out in this market.    Thursday , 28 Jun 2012

Higher dividends won't hurt core business investments - KGHM

CEO Herbert Wirth says the company will go ahead with its core business investment despite having to pay out a dividend to the Polish treasury 30% above the level proposed by management.    Thursday , 28 Jun 2012

AngloGold launches $750 million syndicated loan

Bankers with knowledge of the matter say the new revolving loan facility is an early refinancing of a $1 billion four-year deal maturing in April 2014 and could be increased during syndication.    Thursday , 28 Jun 2012

Yesterday's top story: Guatemala govt. proposals could see up to 40% mine ownership

The administration of Guatemala's new president is seeking both legal and constitutional changes for additional mining taxes, as well as a direct stake in mining and exploration companies.    Thursday , 28 Jun 2012

PODCASTS / RADIO                                                     

Long term gold investors and the current strength in gold ETCs

Nicholas Brooks, head of research and investment strategy at ETF Securities explains the recent strong moves seen in gold exchange traded commodities.

Mine closures, platinum's price floor and slowing demand - Jollie

Mitsui and Co Precious Metal's David Jollie looks at the current state of the platinum sector and where it is likely heading.

M&A activity, the fear trade and the vital importance of management - US Global

Frank Holmes and Brian Hicks talk about the performance of gold stocks relative to bullion and why management ownership improves stock performance.

The case for US equities over gold - Puru Saxena

For the first time in 10 years, Puru Saxena is bullish on US equities and has no exposure to gold and silver, he tells Mineweb why.

 

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

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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Thursday, June 28, 2012

MINEWEB.COM'S TOP STORIES: Proposed constitutional amendment gives Guatemala's Govt. 40% stake in mining

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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

 

 
 

TOP STORIES | Thursday , 28 Jun 2012                                                     

Proposed constitutional amendment gives Guatemala's Govt. 40% stake in mining

The administration of Guatemala's new president is seeking both legal and constitutional changes for additional mining taxes, as well as a direct stake in mining and exploration companies.    Thursday , 28 Jun 2012

Midas doubles indicated resources to 4.3 million ounces gold in Idaho

Midas updates resources in Idaho, adding significant girth and detail to a series of deposits that make up the Golden Meadows project.    Wednesday , 27 Jun 2012

Avion's incumbent board survives divisive AGM

Avion reportedly faced strong opposition at its AGM, but shareholders voted in favour of its board nominees after CEO, John Begeman, implored them to remember the group's successes.    Wednesday , 27 Jun 2012

Glencore battles to save Xstrata bid

Qatar's intervention pushed the deal to the brink as it prompted some shareholders to revisit their own particular concerns, such as soaring executive pay and fears that the combined entity would take on riskier business.    Wednesday , 27 Jun 2012

India's Reserve Bank considering banning banks from selling gold coins

Partly in a bid to curb rising gold imports, the country's highest bank is mulling the halting of gold coin sales by banks, saying it believes the sale of gold coins is not part of a bank's core business .    Wednesday , 27 Jun 2012

ArcelorMittal S.A. ordered to pay R526m to South African Manganese JV partner

According to court papers, the R11bn manganese venture between ArcelorMittal S.A. and Kalahari Resources is fraught with tension.    Wednesday , 27 Jun 2012

No new potash mines expected for 5 years - Potash Corp

Bill Doyle, CEO of the Canadian potash group, said there are no greenfield projects coming onstream between now and 2017.    Thursday , 28 Jun 2012

Rio Tinto power deal to help secure Tasmania aluminium smelter's future

The 57-year-old aluminium smelter is among an estimated $8 billion worth of assets bundled by Rio Tinto into its newly formed Pacific Aluminium division ahead of a possible divestment.    Thursday , 28 Jun 2012

Vale says iron ore price system unlikely to change soon

As long as the market remains as volatile as it currently is, miners will resist pressure from steel makers to conclude longer term pricing agreements, a senior Vale executive said.    Thursday , 28 Jun 2012

Brazil considering cancelling "strategic" mineral rights, would provide compensation

A senior government official said Wednesday the state is considering cancelling some mineral rights in areas some considered strategic and compensating mining firms for prospecting work done on those claims.    Wednesday , 27 Jun 2012

KGHM to keep Wirth at the helm

Some media had speculated that the Polish Treasury Ministry, which oversees state assets and controls KGHM, was looking to replace CEO Wirth because of differences over strategy.    Wednesday , 27 Jun 2012

Gold coin sales from national Mints fall in Q1 2012

The US, Canadian and Austrian Mints, which between them produce three of the world's top five bullion investment coins, all reported lower sales in Q1 2012 versus a year ago.    Wednesday , 27 Jun 2012

Indonesian gold miner Archipelago eyes 135-145,000 oz output

London-listed miner Archipelago Resources, which runs the Toka Tindung gold mine in north Sulawesi, has also targeted average gold production of 160,000 ounces over the next six years.    Wednesday , 27 Jun 2012

Australia expects iron ore exports to maintain growth

The pace of growth, in line with market expectations, reflects massive work from Rio Tinto and BHP Billiton to dig more mines amid predictions that China will maintain strong industrial growth.    Wednesday , 27 Jun 2012

Escondida agrees copper refining fees with Japan/S. Korea smelters

Sources say Chile's Escondida copper mine, majority-owned by BHP Billiton, has agreed on mid-term copper concentrate treatment and refining charges of $63.5 a tonne and 6.35 cents a pound.    Wednesday , 27 Jun 2012

Kyrgyz MPs reject motion to nationalise Centerra mine

The final resolution says Kyrgyzstan must revise its current 33% stake in Centerra Gold and must have a share in Kumtor mine's gold production.    Wednesday , 27 Jun 2012

Australian Customs to probe steel-dumping complaint

According to BlueScope Steel, the country's largest steelmaker, the probe will cover steel hot rolled coil from Japan, Malaysia, South Korea and Taiwan.    Wednesday , 27 Jun 2012

Resource nationalism a worry for investors as Mongolia heads to polls

Expectations are rising that policies could swing too far in the opposite direction, imposing more controls to redistribute mining wealth in a way that pleases voters.    Wednesday , 27 Jun 2012

Global steel glut could trigger mini-trade wars

The global steel industry is already hunkering down for a fresh round of closures and trade disputes as companies allege that rivals are dumping cheap metal on the market, threatening to trigger mini-trade wars.    Wednesday , 27 Jun 2012

Yesterday's top story: Panguite: Earth's newest and one of solar system's oldest minerals

The best-studied meteorite in history, Allende, is still yielding new mineral discoveries 40 years after it scattered thousands of pieces of meteorite across the State of Chihuahua in Mexico.    Wednesday , 27 Jun 2012

PODCASTS / RADIO                                                     

Long term gold investors and the current strength in gold ETCs

Nicholas Brooks, head of research and investment strategy at ETF Securities explains the recent strong moves seen in gold exchange traded commodities.

Mine closures, platinum's price floor and slowing demand - Jollie

Mitsui and Co Precious Metal's David Jollie looks at the current state of the platinum sector and where it is likely heading.

M&A activity, the fear trade and the vital importance of management - US Global

Frank Holmes and Brian Hicks talk about the performance of gold stocks relative to bullion and why management ownership improves stock performance.

The case for US equities over gold - Puru Saxena

For the first time in 10 years, Puru Saxena is bullish on US equities and has no exposure to gold and silver, he tells Mineweb why.

 

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

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

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

Wednesday, June 27, 2012

MINEWEB.COM'S TOP STORIES: Ontario Court upholds Goldcorp/New Gold El Morro project deal

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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                                                     

Long term gold investors and the current strength in gold ETCs

Nicholas Brooks, head of research and investment strategy at ETF Securities explains the recent strong moves seen in gold exchange traded commodities.
 

TOP STORIES | Wednesday , 27 Jun 2012                                                     

Ontario Court upholds Goldcorp/New Gold El Morro project deal

Barrick may appeal an Ontario Court decision upholding Goldcorp's successful maneuver with New Gold to acquire majority ownership of the El Morro copper-gold project, much to Barrick's frustration.    Wednesday , 27 Jun 2012

Panguite: Earth's newest and one of solar system's oldest minerals

The best-studied meteorite in history, Allende, is still yielding new mineral discoveries 40 years after it scattered thousands of pieces of meteorite across the State of Chihuahua in Mexico.    Wednesday , 27 Jun 2012

Platinum demand to substantially outstrip supply in 2012 - CPM

Contrary to investor perceptions, fabrication demand for platinum, palladium, and rhodium is expected to grow at a stronger pace in 2012, says commodities consultant CPM Group.    Tuesday , 26 Jun 2012

Jaguar Mining's battle with Bristol heats up ahead of AGM

Activist shareholder, Bristol Investment Partners, has denied Jaguar Mining's accusation of lying just days before a scheduled AGM.    Tuesday , 26 Jun 2012

Aluminium prices low but Indian companies getting high premiums

Even as Vedanta and Nalco bagged higher premiums for the lightweight metal, signalling a tightening market and limited metal availability, Novelis' new $100 million plant in China is set to boost demand.    Tuesday , 26 Jun 2012

Still confident the story ends well for gold - Holmes

Frank Holmes believes that when push comes to shove, central banks, especially in Europe, will forgo austerity in favor of the printing presses, which bodes well for gold.    Wednesday , 27 Jun 2012

The misunderstood world of graphite: Glen Jones

Graphite is the hottest metal on the block right now and a lot of investors are just jumping in. Glen Jones, of Intierra Resource Intelligence, says investors must research extensively to protect against loss. A Critical Metals Interview.    Wednesday , 27 Jun 2012

Qatar pressures Glencore to sweeten $30bn Xstrata bid

Sources close to the deal say Qatar, Xstrata's second largest shareholder, wants Glencore to better the terms of its planned takeover of the company and pay 3.25 of its shares per Xstrata share, rather than the 2.8 on offer.    Wednesday , 27 Jun 2012

Gold coin sales from national Mints fall in Q1 2012

The US, Canadian and Austrian Mints, which between them produce three of the world's top five bullion investment coins, all reported lower sales in Q1 2012 versus a year ago.    Wednesday , 27 Jun 2012

BHP Billiton sticks to copper production guidance

The global miner has reaffirmed its stance that its copper production will fall slightly in the June 2012 quarter, shored up by a strong increase in the current quarter.    Wednesday , 27 Jun 2012

Global steel glut could trigger mini-trade wars

The global steel industry is already hunkering down for a fresh round of closures and trade disputes as companies allege that rivals are dumping cheap metal on the market, threatening to trigger mini-trade wars.    Wednesday , 27 Jun 2012

Resource nationalism a worry for investors as Mongolia heads to polls

Expectations are rising that policies could swing too far in the opposite direction, imposing more controls to redistribute mining wealth in a way that pleases voters.    Wednesday , 27 Jun 2012

Barrick names Ammar Al-Joundi as CFO

Al-Joundi will rejoin the gold miner as CFO from Agnico-Eagle to fill the position left by Jamie Sokalsky who took over as Barrick CEO earlier this month.    Tuesday , 26 Jun 2012

World's largest jeweller posts 79% profit jump on Chinese demand

Hong Kong-listed jeweller Chow Tai Fook posted a net profit of HK$6.34 billion for the year ended March, compared with HK$3.54 billion a year earlier, buoyed by demand for luxury goods in China.    Tuesday , 26 Jun 2012

London Metal Exchange CEO confident of bid vote approval

LME CEO Martin Abbott is confident that the exchange's shareholders, with some persuasion, will approve a $2.2 billion offer by the Hong Kong Exchanges and Clearing.    Tuesday , 26 Jun 2012

Rio Tinto sees moderation in iron ore prices

President of Rio Tinto's international operations, Alan Davies, says he expects moderation in iron ore prices going forward as additional supply comes on stream.    Tuesday , 26 Jun 2012

Indian gold traders hesitant to buy; scrap flow slows

Traders say demand could also remain sluggish in the coming months as the onset of the rains curtails festive and wedding activity.    Tuesday , 26 Jun 2012

Investors pulled $8.2bn out of commodity investments in May - BarCap

Barclays Capital said Tuesday in a research report that it ended May with total commodity assets under management of $394 billion, down $35 billion from the previous month.    Tuesday , 26 Jun 2012

Metals sector scrambles for funds as lending squeeze bites

Analysts say industrial metals are more vulnerable than other commodities to a lending squeeze, given that producers have tended to build up high inventory overhangs, all of which need to be financed.    Tuesday , 26 Jun 2012

Yesterday's top story: Juniors pounded as Venture gains in May erased

Junior mining stocks were off heavily on Monday with the Venture sinking to lows not seen in years.    Monday , 25 Jun 2012

PODCASTS / RADIO                                                     

Mine closures, platinum's price floor and slowing demand - Jollie

Mitsui and Co Precious Metal's David Jollie looks at the current state of the platinum sector and where it is likely heading.

M&A activity, the fear trade and the vital importance of management - US Global

Frank Holmes and Brian Hicks talk about the performance of gold stocks relative to bullion and why management ownership improves stock performance.

The case for US equities over gold - Puru Saxena

For the first time in 10 years, Puru Saxena is bullish on US equities and has no exposure to gold and silver, he tells Mineweb why.

Copper risks still biased to the down side - Standard Chartered

Standard Chartered's Judy Zhu expects copper to trade in a relatively tight range in the short term with a hope of some rebound going into Q4.

 

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

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

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise