Wednesday, June 27, 2012

MINEWEB.COM'S TOP STORIES: Ontario Court upholds Goldcorp/New Gold El Morro project deal

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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.
 

TOP STORIES | Wednesday , 27 Jun 2012                                                     

Ontario Court upholds Goldcorp/New Gold El Morro project deal

Barrick may appeal an Ontario Court decision upholding Goldcorp's successful maneuver with New Gold to acquire majority ownership of the El Morro copper-gold project, much to Barrick's frustration.    Wednesday , 27 Jun 2012

Panguite: Earth's newest and one of solar system's oldest minerals

The best-studied meteorite in history, Allende, is still yielding new mineral discoveries 40 years after it scattered thousands of pieces of meteorite across the State of Chihuahua in Mexico.    Wednesday , 27 Jun 2012

Platinum demand to substantially outstrip supply in 2012 - CPM

Contrary to investor perceptions, fabrication demand for platinum, palladium, and rhodium is expected to grow at a stronger pace in 2012, says commodities consultant CPM Group.    Tuesday , 26 Jun 2012

Jaguar Mining's battle with Bristol heats up ahead of AGM

Activist shareholder, Bristol Investment Partners, has denied Jaguar Mining's accusation of lying just days before a scheduled AGM.    Tuesday , 26 Jun 2012

Aluminium prices low but Indian companies getting high premiums

Even as Vedanta and Nalco bagged higher premiums for the lightweight metal, signalling a tightening market and limited metal availability, Novelis' new $100 million plant in China is set to boost demand.    Tuesday , 26 Jun 2012

Still confident the story ends well for gold - Holmes

Frank Holmes believes that when push comes to shove, central banks, especially in Europe, will forgo austerity in favor of the printing presses, which bodes well for gold.    Wednesday , 27 Jun 2012

The misunderstood world of graphite: Glen Jones

Graphite is the hottest metal on the block right now and a lot of investors are just jumping in. Glen Jones, of Intierra Resource Intelligence, says investors must research extensively to protect against loss. A Critical Metals Interview.    Wednesday , 27 Jun 2012

Qatar pressures Glencore to sweeten $30bn Xstrata bid

Sources close to the deal say Qatar, Xstrata's second largest shareholder, wants Glencore to better the terms of its planned takeover of the company and pay 3.25 of its shares per Xstrata share, rather than the 2.8 on offer.    Wednesday , 27 Jun 2012

Gold coin sales from national Mints fall in Q1 2012

The US, Canadian and Austrian Mints, which between them produce three of the world's top five bullion investment coins, all reported lower sales in Q1 2012 versus a year ago.    Wednesday , 27 Jun 2012

BHP Billiton sticks to copper production guidance

The global miner has reaffirmed its stance that its copper production will fall slightly in the June 2012 quarter, shored up by a strong increase in the current quarter.    Wednesday , 27 Jun 2012

Global steel glut could trigger mini-trade wars

The global steel industry is already hunkering down for a fresh round of closures and trade disputes as companies allege that rivals are dumping cheap metal on the market, threatening to trigger mini-trade wars.    Wednesday , 27 Jun 2012

Resource nationalism a worry for investors as Mongolia heads to polls

Expectations are rising that policies could swing too far in the opposite direction, imposing more controls to redistribute mining wealth in a way that pleases voters.    Wednesday , 27 Jun 2012

Barrick names Ammar Al-Joundi as CFO

Al-Joundi will rejoin the gold miner as CFO from Agnico-Eagle to fill the position left by Jamie Sokalsky who took over as Barrick CEO earlier this month.    Tuesday , 26 Jun 2012

World's largest jeweller posts 79% profit jump on Chinese demand

Hong Kong-listed jeweller Chow Tai Fook posted a net profit of HK$6.34 billion for the year ended March, compared with HK$3.54 billion a year earlier, buoyed by demand for luxury goods in China.    Tuesday , 26 Jun 2012

London Metal Exchange CEO confident of bid vote approval

LME CEO Martin Abbott is confident that the exchange's shareholders, with some persuasion, will approve a $2.2 billion offer by the Hong Kong Exchanges and Clearing.    Tuesday , 26 Jun 2012

Rio Tinto sees moderation in iron ore prices

President of Rio Tinto's international operations, Alan Davies, says he expects moderation in iron ore prices going forward as additional supply comes on stream.    Tuesday , 26 Jun 2012

Indian gold traders hesitant to buy; scrap flow slows

Traders say demand could also remain sluggish in the coming months as the onset of the rains curtails festive and wedding activity.    Tuesday , 26 Jun 2012

Investors pulled $8.2bn out of commodity investments in May - BarCap

Barclays Capital said Tuesday in a research report that it ended May with total commodity assets under management of $394 billion, down $35 billion from the previous month.    Tuesday , 26 Jun 2012

Metals sector scrambles for funds as lending squeeze bites

Analysts say industrial metals are more vulnerable than other commodities to a lending squeeze, given that producers have tended to build up high inventory overhangs, all of which need to be financed.    Tuesday , 26 Jun 2012

Yesterday's top story: Juniors pounded as Venture gains in May erased

Junior mining stocks were off heavily on Monday with the Venture sinking to lows not seen in years.    Monday , 25 Jun 2012

PODCASTS / RADIO                                                     

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.

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.

 

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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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