Thursday, June 21, 2012

MINEWEB.COM'S TOP STORIES: Argentina's Chubut governor wants more control over 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 , 21 Jun 2012                                                     

Argentina's Chubut governor wants more control over mining

The governor of Argentina's Chubut Province has introduced a bill he says will define a general framework for regulating and permitting mining and oil projects, including open-pit operations.    Thursday , 21 Jun 2012

Fed fudges and gold slips slightly as the seemingly inevitable is postponed again

The U.S. Fed has effectively maintained the status quo with a continuation of Operation Twist, but no additional stimulus for now. Gold moved down as a result, but then began to recover.    Wednesday , 20 Jun 2012

Extorre shareprice flirts with bidding war territory

Extorre Gold Mines has been trading at heights suggesting some buyers see another offer coming over Yamana's recent bid for it.    Wednesday , 20 Jun 2012

Costa Rican Mining Chamber sues to overturn open-pit mining ban

Costa Rica's lengthy history of on-and-off-then-on-again prohibitions against open-pit mining has taxed the patience of mining and exploration companies, who are now seeking legal relief.    Thursday , 21 Jun 2012

NGEx shares surge on copper-gold-silver intercepts in Argentina

In drilling the Filo del Sol project, NGEx hits an especially notable silver intercept within more extensive copper-gold mineralization.    Wednesday , 20 Jun 2012

Coal India to mine 116 new coal blocks

India's largest coal miner, with a near monopoly position, has been granted 116 coal mines to push through its expansion plans.    Wednesday , 20 Jun 2012

OPINION: Politicians will prop up the fiat system no matter the cost

David Levenstein believes that the world's current policy makers are going to make sure that the fiat monetary system remains intact, at any cost.    Thursday , 21 Jun 2012

For savers, default is a very singular fear

While most experts focus on the inflationary elements of printing money to prop up lenders, for the soft middle, the fear should be default.    Thursday , 21 Jun 2012

Molycorp shares rise as China denies interfering with rare earth prices

The lingering uncertainty around Chinese exports sent Molycorp's shares as much as 12.8% higher to $23.29 on Wednesday morning on the NYSE, with the stock later trading up 8.9% at $22.50.    Thursday , 21 Jun 2012

Mongolia's unexpectedly major mineral opportunities - Eric Zurrin

Eric Zurrin, CEO of Resource Investment Capital Ltd., based mainly in Mongolia, gives an insider's view of what's going on in Mongolia for investors who recognize its huge potential. A Gold Report Interview.    Thursday , 21 Jun 2012

Xstrata puts PNG copper stake up for sale

The miner has not yet decided whether to sell all or part of its 81.8% stake in Frieda River copper project in Papua New Guinea, potentially worth more than $2 billion.    Thursday , 21 Jun 2012

Glencore will get little for Bolivia tin/zinc mine takeover

A government decree signed Wednesday showed the state will only pay Glencore's local subsidiary, Sinchi Wayra, for the machinery and goods stored at Colquiri, minus any debts the company has.    Thursday , 21 Jun 2012

Diamond price volatility not forever - Gem Diamonds

Clifford Elphick, who formed Gem Diamonds in 2005, says diamond prices will eventually resume their upward trend because of the simple fact that demand will continue to exceed supply.    Thursday , 21 Jun 2012

Jindal Steel seeks alternative to Bolivia deal

The steelmaker is looking for alternative coal and iron ore projects following a disagreement with the Bolivian government over power supplies for it $2.1 billion venture in the country.    Thursday , 21 Jun 2012

China's gold market shines as India Fades

Data from the two countries suggests that China is picking up the slack in the system from a weaker India.    Wednesday , 20 Jun 2012

Yesterday's top story: Operation "Twist Again" and other disappointing gold scenarios

As gold continues to trade as a risk asset all eyes are focused on the FOMC meeting scheduled for later today and feelings are mixed as to what is likely to occur.    Wednesday , 20 Jun 2012

PODCASTS / RADIO                                                     

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.

Recent moves signal change in market perception to gold - Nichols

"All these things have been pushing gold up and down, and up and down but I think ultimately the markets are becoming more pro-gold."

Mining M&A and the risk-off environment - Hanick

Co-chair of Osler Hoskin & Harcourt's Mining Group, David Hanick, looks at some of the emerging trends in the mining M&A space.

 

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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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