Friday, June 1, 2012

MINEWEB.COM'S TOP STORIES: China mulling opening SHFE to foreign investment

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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 , 01 Jun 2012                                                     

China mulling opening SHFE to foreign investment

If China's regulators are amenable to the necessary legal changes, the Shanghai Futures Exchange could eventually compete with the LME, both in China and offshore.    Friday , 01 Jun 2012

EPA's Bristol Bay decision heavily reliant on anti-Pebble reports - McGee

Did the EPA's eagerness to gain supremacy in the permitting of the Pebble Project cause the agency to rely too heavily on advocacy report prepared by environmental special interests?    Friday , 01 Jun 2012

Copper Fox adds 500MT to BC copper-gold-moly deposit

Copper Fox updates resources, pushing global resources to around 1.8 billion tonnes at Schaft Creek, a copper-gold-moly deposit.    Thursday , 31 May 2012

Pan African confident on rights issue for Evander

Pan African CEO is confident the group can 'go it alone' when it comes to the Evander acquisition and believes the market is more amenable to cash producing assets than to exploration assets.    Thursday , 31 May 2012

New gold deposit shaping up for Sandspring in Guyana

As Sandspring pushes Toroparu project towards feasibility, it drills a nearby satellite deposit with some intercepts over 100 metres long and around a gram gold in grade.    Thursday , 31 May 2012

Glencore to pay Xstrata CEO $46m to stay after merger

In documents sent to investors on Thursday detailing the terms of Glencore's long-awaited takeover bid, Xstrata said it would pay more than 170m pounds to retain 73 of its key employees.    Friday , 01 Jun 2012

Peru to boost copper output 75% by 2015

According to the country's minister of energy and mines, Jorge Merino, the world's second largest copper producer is hoping to grow its output to 2.15m tonnes in 2015.    Friday , 01 Jun 2012

Analysts expecting Flinders/MMK deal to collapse

Analysts reckon should the takeover of Australia's Flinders Mines by MMK collapse, it could open doors for miners such as Rio Tinto to bid for Flinders which controls one of the last independent iron ore deposits in the Pilbara region.    Friday , 01 Jun 2012

Go-between Michael Klein helps Glencore, Xstrata tie the knot

Several bankers who advised on the blockbuster deal say it was Michael Klein's ability to get the two CEOs to agree on a valuation which helped clinch the deal.    Friday , 01 Jun 2012

Vale declares force majeure at Queensland coal mine

The company has withdrawn personnel from its Carborough Downs coking coal mine after it detected abnormal levels of carbon monoxide that required evacuation.    Friday , 01 Jun 2012

Chalco's alumina price hike not enough to offset profit concerns

The aluminium miner raised its spot price for alumina by 3.6% but the news failed to offset concerns that a production cut will hit its profits, sending its shares lower on Friday.    Friday , 01 Jun 2012

Copper shrugs off disappointing China PMI data

Prices recovered early Friday after they fell to their lowest level so far this year in the previous session, with Chinese manufacturing data having little effect on gains.    Friday , 01 Jun 2012

Romanian gold mine centre-stage as two world views clash

Gabriel Resources proposed Rosia Montana gold mine, which would be Europe's biggest, still faces opposition as it struggles for a green light.    Thursday , 31 May 2012

Kyrgyz villagers block only road to Centerra Gold mine

More than 100 members of a national youth movement stopped miners and fuel supplies from entering the gorge that runs to Centerra's Kumtor mine on Thursday, demanding land and jobs.    Thursday , 31 May 2012

Yesterday's top story: COMMENT: What if the gold megabulls are right?

The economic conditions that would precipitate the massive jump in the gold price that many of the megabulls are predicting could be horrendous, but perhaps the politicians can carry on muddling through and keep up perception that all is well.    Thursday , 31 May 2012

PODCASTS / RADIO                                                     

Current gold price action counter-intuitive - Embry

Sprott Asset Management's John Embry believes at current levels gold is offering the finest buying opportunity of the whole 12 year bull market.

Europe, Iran and other Black Swans - Ian McAvity

Ian McAvity looks at some of the major events taking place at the moment and what they might mean for gold, silver and the rest of the commodities complex.

Greek exit scenarios and what it means for gold - Grant Williams

The author of Things That Make You Go Hmmmm..., looks at whether or not an orderly exit is possible and what it all might mean for gold.

Silver a great business to be in for the next 50 years - Phil Baker

Hecla CEO, Phil Baker, says the silver market is currently in a similar place to where it was 100 years ago, when photographic uses were just beginning to gather steam.

 

Belvedere Reports Financial and Operating Results for First Quarter of 2012

Vancouver, Canada, May 30th, 2012 - Belvedere Resources Limited (TSX.V:BEL)("The Company") is pleased to report financial and operating results for the quarter ending March 31, 2012.

David Pym (CEO) comments "This quarter is the third consecutive quarter where operations have demonstrated real growth in Revenues, Cash Flow, Production and Net Income against an extremely challenging macro-economic background. Income from the Hitura nickel mine continues to grow the company's cash position and finance exploration and development on our pipeline of gold projects"

For full release, click here

 

CONFERENCES

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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