Friday, June 22, 2012

MINEWEB.COM'S TOP STORIES: Mining execs view industry's short-term outlook as ‘pretty bleak'-MRG survey

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TOP STORIES | Friday , 22 Jun 2012                                                     

Mining execs view industry's short-term outlook as 'pretty bleak'-MRG survey

2012 has been a challenging year for the mining industry, felt by executives in resources companies of all sizes, a survey by a Vancouver-based mining recruitment group has revealed.    Friday , 22 Jun 2012

Iamgold not 'bailing' on multimillion ounce Ecuador gold project

Despite reports saying Iamgold is dropping its Quimsacocha project, the group has actually found a partner for the project in INV Metals    Friday , 22 Jun 2012

What is left in Aquarius Platinum?

Ten days after announcing it was closing its Marikana operation, the platinum miner announced it has put Everest on care and maintenance - what can investors expect going forward?    Thursday , 21 Jun 2012

U.S. coal's 'perfect storm' forces Arch to close mines, lay off 750

A perfect storm of low natural gas prices, new emission regulations and weak electrical demand has hit U.S. coal producers hard, forcing Arch to resort to production cuts, write-downs and layoffs.    Friday , 22 Jun 2012

Newmont 'finally identifies' with Conga environmental plan - Humala

Peru's president said Thursday that the gold miner had finally identified with the government's proposal for environmental mitigation plans at its $4.8bn Conga gold project in the county.    Friday , 22 Jun 2012

Rio Tinto expects to lock up Oyu Tolgoi funding by year-end

According to the Mongolian mine's operator, it has been working for a couple of years on, what it calls, "the world's largest ever project finance raising for the industry" and hopes to have it done within 6 months    Friday , 22 Jun 2012

Radius Gold fights allegations connecting it to Guatemala violence

Activist charity links Radius Gold to violence on its website, but Radius denies such a connection and calls for peace near its Tambor project in Guatemala.    Thursday , 21 Jun 2012

Posco, other steel mills hope for return to annual iron ore contracts

Volatile prices and a poor global economic outlook have promted the South Korean steel maker and other steel mills to try for a return to the age old system and, it seems, majors like Vale may be willing to negotiate.    Friday , 22 Jun 2012

Major UK shareholder lobby slams Xstrata pay plan

The Association of British Insurers questioned the group's plan to pay large sums of money to valuable employees to ensure they stay on at the group post its merger with Glencore.    Friday , 22 Jun 2012

BHP Billiton spend $845m on Australian coal

The transnational miner says the money will go to the establishment of a replacement mining area at the Appin Mine in Australia's New South Wales state.    Friday , 22 Jun 2012

As China's power within the IMF grows could we see the mobilisation of gold?

One of the main conditions stipulated by the B.R.I.C.S nations before contributing to the IMF's funding to help shore up the global economy was more power within the institution, Julian Phillips looks at what this could mean    Friday , 22 Jun 2012

Global shifts spark opportunity for uranium juniors

If the current natural resources market is like a strapless bra, then the uranium sector is looking remarkably like a strip club writes Sara Patterson    Thursday , 21 Jun 2012

Papua New Guinea suffers blow to once-mighty copper sector

The latest in a series of setbacks involves Swiss-based Xstrata, which is considering exiting the country and selling its stake in the Frieda River copper project.    Thursday , 21 Jun 2012

Yesterday's Top Story: Gold slips as Fed fudges and the seemingly inevitable is postponed again

The U.S. Fed has effectively maintained the status quo with a continuation of Operation Twist, but no additional stimulus for now. Gold moved down as a result, but then began to recover before slipping again overnight.    Thursday , 21 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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