Monday, June 11, 2012

MINEWEB.COM'S TOP STORIES: Miners hold all future gold; invest in stocks-BMO's Don Coxe

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Monday , 11 Jun 2012                                                     

Miners hold all future gold; invest in stocks-BMO's Don Coxe

During a recent conference call, BMO's Don Coxe stressed gold stocks are a solid investment-in the long run.    Monday , 11 Jun 2012

Sprott backs U.S. Silver all-share takeover of RX Gold & Silver

U.S. Silver and RX Gold & Silver are proposing a friendly takeover which has shades of a merger in terms of management and board composition. Major shareholder Sprott says it will unlock value in both companies.    Friday , 08 Jun 2012

Ivanhoe Mines lowers price for US$1.8bn Oyu Tolgoi rights offer

A lower Ivanhoe common share price resulted in a lowered subscription price for a US$1.8 billion right offering to advance the development of the massive Oyu Tolgoi copper-gold-silver project.    Monday , 11 Jun 2012

Gran Colombia cuts gold production guidance

Ramp-up delays largely due to mechanical and grade issues set back Gran Colombia gold production, forcing a revision to 2012 guidance.    Friday , 08 Jun 2012

What China is really doing to rebalance. All not as generally perceived.

Given the importance of China to metals and minerals markets and prices, Simon Hunt analyses what the Asian giant is really doing in its measured moves to rebalance its economy.    Monday , 11 Jun 2012

High-paying mine jobs Down Under bring city woes to sleepy towns

The property crunch engulfing the little town of Moranbah and other communities around the coal-rich Bowen Basin is one of a growing number of downsides associated with the Australian mining boom.    Monday , 11 Jun 2012

Diminished expectations for gold leave it with perception problem

While the markets weren't kind to gold following their disappointment at Bernanke's statement to Congress, it doesn't mean the metal is out for the count and its recent performance has been no worse than that of many other market sectors.    Friday , 08 Jun 2012

China's gold-investment demand to grow more than 10% - ICBC

The Industrial and Commercial Bank of China says investors in China, facing lacklustre equity markets and property curbs, are looking increasingly to the yellow metal for safe haven.    Monday , 11 Jun 2012

Gold prevents people who run fiat currencies from doing anything too stupid - King

The world still needs gold and other natural resources, but we may need a new investment model to sustain them, says Byron King who also shares his perspective on mining in South Africa. Gold Report interview.    Sunday , 10 Jun 2012

India's Jindal may scrap $2.1bn Bolivian steel project

The company warns it is making plans to terminate a planned $2.1 billion steel project, saying the Bolivian government has not met contract terms that include supply of natural gas for the project.    Monday , 11 Jun 2012

Investor offers to buy 26% stake in First Uranium

First Uranium says South African holding company Kumvest will offer to buy the stake at 37 Canadian cents per share, a premium of almost 95% to the stock's Friday close, if some conditions are met.    Monday , 11 Jun 2012

Gold up but outpaced by other precious metals

Silver, platinum and palladium outshone gold on Monday, with palladium leading the pack with an increase of 2.4%, its biggest one-day rise in two months.    Monday , 11 Jun 2012

Spot platinum rises more than 2% on Spanish bank deal

Prices climbed over 2% early Monday after the euro zone's decision to aid Spain's struggling banks boosted risk appetite and weighed on the U.S. dollar.    Monday , 11 Jun 2012

Copper rebounds on Spain aid; China imports

London copper rose Monday, supported by the $125 billion rescue package for Spain's distressed banks and strong import data from top consumer China.    Monday , 11 Jun 2012

Fortescue chairman comfortable with hefty debt, China focus

Andrew Forrest defended on Friday the hefty $6 billion debt taken on to fund an expansion, saying it was affordable even as growth in top metals consumer China slows.    Friday , 08 Jun 2012

Norsk Hydro faces 6,000 lawsuits over 2009 Brazilian spill

The company faces around 6,000 lawsuits filed before a small-claims court in Barcarena, in the state of Pará, over a 2009 water spill at an alumina refinery.    Friday , 08 Jun 2012

Alpha to stop coal production at four Kentucky mines; cut 150 jobs

Shares in the miner fell 1.8% in morning trading on the NYSE after it announced plans to stop production at four of its coal mines in Kentucky, with 150 jobs to be lost.    Friday , 08 Jun 2012

Weekend's top story: Soros back in gold buying mode, Gartman positive on gold and gold stocks

With a heavy hitter like George Soros back buying gold, and gold and gold stock positive comment from the strongly followed Dennis Gartman, the sector has been seeing some new life.    Thursday , 07 Jun 2012

PODCASTS / RADIO                                                     

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.

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.

 

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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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