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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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.

 

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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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