Monday, June 18, 2012

MINEWEB.COM'S TOP STORIES: Australian exploration spending hits record US$1.09bn

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TOP STORIES | Monday , 18 Jun 2012                                                     

Australian exploration spending hits record US$1.09bn

Despite the levying of carbon pollution and mineral resources rent taxes, Australian mineral exploration spending achieved a record in the quarter ending March.    Monday , 18 Jun 2012

Peruvians must support mining or lose investment dollars to other nations-Mining Minister

Surveys show more than 70% of Peruvians believe mining investment in the country must to be continued, says Peru's Minister of Energy and Mines.    Monday , 18 Jun 2012

Jaguar Mining, activist shareholder lock horns over board performance

A showdown is set to occur at Jaguar Mining's upcoming AGM with a key shareholder promising to try to block re-election of core board members.    Saturday , 16 Jun 2012

China's growing middle class continues to dip itself in gold

As China's middle class grows, and luxury items become the norm, gold will continue to be consumed voraciously, say analysts.    Friday , 15 Jun 2012

Lumina Copper mulls options in 'strategic review'

Lumina Copper opens the door to buyers and other deal making types, announcing a strategic review process Friday.    Friday , 15 Jun 2012

The pros and cons of investment in mining developers in Argentina

A view on investing in the Argentinean mining sector following a visit to the highly prospective silver/gold province of Santa Cruz at the time of the nationalization of oil company YPF.    Saturday , 16 Jun 2012

HKEx shares tumble as LME deal moves forward

Shares dropped 3.7% in Hong Kong, taking declines to 26% since Feb. 18, when the South China Morning Post first reported the bid, which may succeed in gaining the approval of regulators.    Monday , 18 Jun 2012

Greenland's mineral wealth hovers over China-Denmark ties

Situated next to increasingly important sea lanes and home to some of the world's biggest REE deposits, Greenland is the elephant in the room during Chinese President Hu Jintao's three-day visit to Denmark.    Monday , 18 Jun 2012

Gold snaps 6-day winning streak after Greek elections

Prices fell early Monday as the risk of a Greek exit from the euro bloc subsided after parties backing a bailout for the country won an election, denting gold's safe-haven appeal.    Monday , 18 Jun 2012

Iron ore may struggle to extend gains on sluggish outlook

Spot prices were steady on Monday and may struggle this week to hold onto recent gains with sluggish steel demand in China likely to limit appetite for the raw material.    Monday , 18 Jun 2012

Copper hits near 3-week high after Greek vote

LME copper jumped to a session peak of $7,615 a tonne, its highest in nearly three weeks, after pro-bailout parties in Greece won a slim parliamentary majority, easing fears that it may exit the euro zone.    Monday , 18 Jun 2012

Clash at Glencore's Bolivia mine turns violent

The violence at Glencore's Colquiri tin/zinc mine follows a two-week standoff at the mine where members of independent mining cooperatives are demanding new areas to work.    Friday , 15 Jun 2012

Kumtor mine ice crushes Kyrgyz GDP growth hopes

Kyrgyzstan's government says the economy will grow by barely a quarter of the 7.5% originally forecast because of the collapse in output from the flagship Kumtor gold mine.    Friday , 15 Jun 2012

Indonesia's new mining rules hitting ore exports - industry body

The Indonesian Association of Mineral Entrepreneurs says the new rules have hit companies hard, costing the country's export industry up to $164 million a month in lost nickel and bauxite sales.    Friday , 15 Jun 2012

EU to decide on Siemens/Areva probe next week

The EU Commission will make its decision next week on whether to accept concessions offered by both companies to end a probe into their former nuclear power JV.    Friday , 15 Jun 2012

Eskom may help fund $2.4bn Anglo American coal mine

South African power utility Eskom said Friday it may fund part of Anglo American's proposed New Largo coal mine, which could cost as much as $2.4 billion.    Friday , 15 Jun 2012

Weekend's top story: Gold:silver ratio path not necessarily bullish for silver investors

Although the historic Gold:Silver ratio may be around 16:1 current patterns do not suggest any likely return to this level - indeed the ratio may yet get worse for silver investors.    Friday , 15 Jun 2012

PODCASTS / RADIO                                                     

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.

Expect commodity volatility as East-West tug o' war heats up - Power

Investec Asset Management, investment strategist, Michael Power believes that the balance of economic power is shifting from the west to the rest and taking commodities with it.

Why gold isn't a safe harbour and why it could still go up - Gartman

The Gartman Letter author, Dennis Gartman, looks at why he doesn't see gold as a safe harbour and how he sees the global political mess unfolding over the next few months.

 

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CONFERENCES

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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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