Tuesday, June 12, 2012

MINEWEB.COM'S TOP STORIES: Molycorp-Neo Material merger now complete

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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                                                     

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.
 

TOP STORIES | Tuesday , 12 Jun 2012                                                     

Molycorp-Neo Material merger now complete

Molycorp says the now completed acquisition of Neo Material Technologies is a game changer that will open up new and exciting rare earths products opportunities.    Tuesday , 12 Jun 2012

Gold coin collecting a deadly business as metals prices rise

Criminal syndicates have discovered thefts of gold, silver and rare coins are far more lucrative and less risky, to the detriment of North American coin dealers and coin collectors.    Tuesday , 12 Jun 2012

Battered First Uranium rejects new offer from Kumvest

The embattled uranium and gold miner also contends that Kumvest does not have as much shareholder support as claimed.    Monday , 11 Jun 2012

Balochistan wants to run massive Reko Diq gold/copper project itself

Pakistan province, Balochistan's Chief Minister has said that the provincial government plans to run the huge Reko Diq gold/copper project itself.    Monday , 11 Jun 2012

La Mancha hits high-grade gold beneath Côte d'Ivoire open pit

La Mancha finds more gold mineralization right where a miner likes to find it, within reach of existing operations just below the existing open pit profile - and it's high grade by modern standards.    Monday , 11 Jun 2012

Areva completes sale of Millenium stake to Cameco

The sale of Areva's stake in the Canadian mining project to Cameco will help to cut Areva's net debt and finance its strategic and safety investment programme.    Tuesday , 12 Jun 2012

US court rejects Alcoa bid to dismiss Bahrain bribe lawsuit

In the lawsuit, Aluminium Bahrain accused Alcoa of conspiring with businessman Victor Dahdaleh to orchestrate bribes in Bahrain and to overcharge Alba for alumina.    Tuesday , 12 Jun 2012

Bolivia mulling revocation of Glencore operating licence

According to the state-mining company, the mineworkers' union at Glencore's Colquiri mine wants the concession to be revoked, but independent mining cooperatives that exploit the same site say it should remain.    Tuesday , 12 Jun 2012

Baosteel to make first price cuts this year in July

Share in the Chinese steel producer fell almost 3% after it said it will cut prices of its main products by around 4% in response to weakening demand in the country.    Tuesday , 12 Jun 2012

Sudan nets $603m in gold exports to April 1

The country exported around 13.2 tonnes of gold in the year to April 1, resulting in revenues of about $603 million, which may help bolster its bid to build up the minerals industry to make up for lost oil revenues.    Tuesday , 12 Jun 2012

Copper falls as Spain optimism fades into worry

London copper slipped early Tuesday as relief over the EU's bailout of Spanish banks ignited concerns over how the funds will affect its borrowing costs.    Tuesday , 12 Jun 2012

Temasek buys 5.5% stake in Ivanhoe Mines

A source familiar with the deal says Temasek had a small stake in Ivanhoe Mines, which is controlled by Rio Tinto, but has increased its holding through market purchases.    Monday , 11 Jun 2012

Pallinghurst Resources plans $96 million rights offer

The company, headed by former BHP Billiton CEO Brian Gilbertson, is planning a $96 million rights offer to participate in a capital raising by Russian jewelry brand Faberge and to fund a new copper investment.    Monday , 11 Jun 2012

Guinea launches operations at first iron ore mine

The country has launched operations at its first iron ore mine, built in collaboration with Africa-focused Bellzone and the China International Fund.    Monday , 11 Jun 2012

Iraq awards $198m pipeline factory deal to Jindal

The 25-year deal for the factory is part of Iraq's plans to revive its neglected industry sector and the pipelines will be used in oil development projects in the country's southern oilfields.    Monday , 11 Jun 2012

Yesterday's top story: Reserves in ground make gold stocks incredibly cheap - Coxe

During a recent conference call, BMO's Don Coxe stressed gold stocks are a solid investment-in the long run and that gold will gain in importance as banking crisis drags on.    Monday , 11 Jun 2012

PODCASTS / RADIO                                                     

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.

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.

 

Condor Reports High Grade Drilling & Trenching Results on La India Vein, Nicaragua    

Condor (AIM:CNR), a gold exploration company focused on delineating a large commercial resource on its 100%-owned La India Project in Nicaragua, is pleased to announce the initial results of the current diamond core and Reverse Circulation ("RC") drilling, and further trench results on the La India Vein Set. The drilling results demonstrate that wide zones of high-grade gold mineralisation were left in the wallrock of the historic La India mine. This supports the Company's belief that the India-California vein trend has the potential to support open pit mining. See maps and tables below.

For full release, click here

 

CONFERENCES

Earth's Resources Conference 2012
Date: 20 June 2012 - 21 June 2012
Venue: JW Marriott Hotel, Hong Kong
A high-powered invitation-only conference bringing together institutional investors and mining companies interested in particular in generating investment in the Asian marketplace. Read More

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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