Friday, June 15, 2012

MINEWEB.COM'S TOP STORIES: Juggling knives to entertain junior financing markets

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TOP STORIES | Friday , 15 Jun 2012                                                     

Juggling knives to entertain junior financing markets

Cash sources from bumper years on financing markets, now past, have dwindled, forcing juniors to face the harsh reality of equity financing.    Friday , 15 Jun 2012

Rough times ahead for zinc, nickel-S&P

While the world's mining sector faces tough times ahead, the absolute decline will not be as severe as it was during the global financial crisis, S&P forecasts.    Friday , 15 Jun 2012

Gold hedging now just for project finance - GFMS

We expect the impact of hedging/de-hedging in 2012 to continue to be on the periphery, rather than an important price driver or support, say Société Générale and Thomson Reuters GFMS.    Friday , 15 Jun 2012

Indian gold ETF and e-gold investment swell as rupee remains weak

Persistent fears over the euro zone and a gloomy global economic outlook attracts safe haven buying in India; gold ETFs and e-gold surge higher.    Thursday , 14 Jun 2012

Olympic gold, silver and bronze medal metal provider under fire

Despite the metals for the Olympic medals being donated by Rio Tinto for free, environmentalists, unions still see the occasion as yet another opportunity for publicly castigating the mega miner.    Thursday , 14 Jun 2012

Duluth confirms massive potential of Twin Metals copper/nickel/pgm/gold resource

A new independent technical report from AMEC confirms the vast tonnages and economic grades in the Duluth Metals/Antofagasta Twin Metals base and precious metals project in Minnesota.    Thursday , 14 Jun 2012

Castlemaine improves Ballarat goldfield performance

Castlemaine MD, Matt Gill, says a revised Ballarat mine plan is now well underway, with high-grade ore continuing to be sourced from the Mako Lode in the Llanberris block.    Thursday , 14 Jun 2012

Indian firm in talks to buy Colombian coal mine stake for $1bn

The Aditya Birla group is looking to buy the rights to between 20% and 40% of the coal produced by Drummond's Colombian coal mines to feed its $5 billion aluminium growth programme.    Thursday , 14 Jun 2012

Ex-Barrick CEO generated more profit for every dollar of pay than peers

The world's largest gold miner earned $514.98 for every dollar it paid to Aaron Regent for 2011, which was more than any of his peers in Canada and the United States.    Friday , 15 Jun 2012

Brazil freezes new mine claims pending reforms

For the past four years, the state has been working on a draft bill that will rewrite the country's 50-year-old mining code and has stopped granting new mining claims in the interim.    Friday , 15 Jun 2012

Danger and opportunity lurk within Africa's regional mining legislation

West African and Central African States have recently come together, through international organisations, to initiate regional processes to reconcile and integrate their mining legislation with mixed results.    Thursday , 14 Jun 2012

Indonesia grants Newmont export permit for copper concentrate

Newmont Nusa Tenggara has been granted clearance to export copper ore concentrate, after the government imposed new rules on mineral exports.    Friday , 15 Jun 2012

Global copper market intact; Chinese demand still strong

Head of Xstrata Copper Charlie Sartain told reporters in Santiago Thursday that the global copper market remains intact and reckons there's still strong demand for copper in China.    Friday , 15 Jun 2012

Chinese steel growth flat, what it means for iron ore

Most of the projected increase in iron ore demand is expected to come from China but at best analysts are looking at the prospect of flat, at best, steel consumption from the region.    Friday , 15 Jun 2012

Tinkler trying to line up $2.5bn of debt for Whitehaven bid - sources

Two sources with direct knowledge of the deal say Nathan Tinkler is looking to secure at least $2.5 billion in debt from banks to finance his proposed takeover of Whitehaven Coal.    Thursday , 14 Jun 2012

Riots follow activist killing on Indonesia's Papua island

Residents of Indonesia's resource-rich Papua island were up in arms Thursday after an independence activist was shot and killed by security forces while resisting arrest.    Thursday , 14 Jun 2012

Yesterday's top story: Latest commodity prices fall worst in recent memory - Barclays

According to Barclays Capital, the short term outlook remains positive for commodities as the recent decline has been overdone.    Wednesday , 13 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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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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