Monday, June 25, 2012

MINEWEB.COM'S TOP STORIES: Guatemala introduces sweeping mining law reforms

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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                                                     

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.
 

TOP STORIES | Monday , 25 Jun 2012                                                     

Guatemala introduces sweeping mining law reforms

Guatemala's Union of Extractive Industries says it will not support sweeping reforms to the nation's Mining Act, which include permanent royalty increases and the creation of a state mining company.    Monday , 25 Jun 2012

Australian gold output falls for 3rd straight quarter

The Australian Gold Quarterly reported gold production in the country dropped 4% during the March quarter, compared to a year ago, due to a number of factors.    Monday , 25 Jun 2012

Australian explorer lifts Sams Creek gold project resource

A nine hole diamond drilling programme by Western Australian explorer MOD Resources has lifted the resource at Sams Creek to more than 1 million ounces.    Monday , 25 Jun 2012

Anglo American's South Africa commitment as strong as ever - Carroll

Speaking at the official opening of the group's new Kolomela iron ore mine, Anglo American CEO, Cynthia Carroll said the mine is a R8.5bn vote of confidence in the province.    Friday , 22 Jun 2012

It's in these periods of darkness that gold really shines - Ian Gordon

Ian Gordon* believes we're on the precipice of very difficult and frightening times and predicts complete financial collapse. But history shows gold performs really well in this kind of scenario. Gold Report interview.    Friday , 22 Jun 2012

HKEx's pursuit of LME leads to biggest exchange drop

Shares in the Hong Kong Exchanges & Clearing Ltd's have tumbled since the first report of its interest in the LME, retreating 33% in the past year, the biggest decline among the world's 20 largest exchanges.    Monday , 25 Jun 2012

Centerra shares plummet on Kyrgyz environmental concerns

The Canadian miner said allegations of environmental violations at its flagship Kumtor mine in Kyrgyzstan by a commission set up by the country's parliament are without merit.    Monday , 25 Jun 2012

Newmont accepts stricter environmental plan for Conga mine

Newmont Mining said, Friday, it could resume work at the $4.8bn Conga gold project after accepting a stricter environmental mitigation plan.    Monday , 25 Jun 2012

Kumba to build 718 houses for workers

"We wanted to build suburban houses not typical mining houses," says George Benjamin, Kolomela Mine public affairs manager.    Friday , 22 Jun 2012

Water, energy conservation take centre stage at new Kumba mine

Speaking at the launch of its new Kolomela mine on Friday, Anglo American CEO, Cynthia Carroll reiterated that sustainable development issues are now core to the development of major projects.    Monday , 25 Jun 2012

Glencore to seek compensation for Bolivian mine nationalisation

The commodities group, while condemning the move, said Friday it would seek an orderly handover of the mine after Bolivia's government took over operations at Colquiri on Wednesday after weeks of protests.    Monday , 25 Jun 2012

Vale to build world's largest biofuel plant in Amazon

According to reports by the Financial Times, Vale is planning to build the processing plant that will turn palm oil into biofuel in a bid to cut its vast fuel costs and to develop the Amazon region.    Monday , 25 Jun 2012

Anglo, Codelco seek negotiation extension

Analysts suggest that the request to a local court by the two companies to extend the negotiation window to July 17th suggests they two parties are close to resolving a bitter dispute.    Saturday , 23 Jun 2012

Zambia's Konkola to extend life of key copper mine

Konkola Copper Mines plans to extend the life of its Nchanga operation by more than 25 years and will invest in modern methods to access copper from an upper ore body beyond 2013.    Friday , 22 Jun 2012

Indonesia eyes foreign investment in commodities market

The government plans to allow foreign investors to buy stakes of up to 40% in the country's commodity exchanges in a bid to attract more trading business to them.    Friday , 22 Jun 2012

Mopani Copper Mines plans $1.5bn project

The miner says should the feasibility study prove viable, the investment will be spent in two new ultra deep shafts and modern copper processing plants, which would enable it to produce copper at a lower cost.    Friday , 22 Jun 2012

Weekend's top story: Gold companies where management has 'skin in the game' outperform others - U.S. Global

New research by U.S. Global Investors shows that companies that have high levels of insider ownership have significantly outperformed their peers where this is not the case.    Friday , 22 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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