Tuesday, June 19, 2012

MINEWEB.COM'S TOP STORIES: Yamana takeover not without 'mixed feelings' - Extorre co-chair

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Tuesday , 19 Jun 2012                                                     

Yamana takeover not without 'mixed feelings' - Extorre co-chair

While Extorre's management team belives the Yamana deal is the best one on the table, the shareprice has been hammered by a number of factors recently and has been much higher.    Tuesday , 19 Jun 2012

No 'mining boom' on horizon for South Australia, says economic study

The significant number of new mining projects underway globally means South Australia may never achieve its hope for a mining boom, even with the expansion of the Olympic Dam.    Tuesday , 19 Jun 2012

Agnico-Eagle's Finnish gold mine resumes full capacity production

Agnico-Eagle announced its Kittila gold mine is back to operating at full capacity earlier than planned, following a scheduled maintenance shutdown.    Tuesday , 19 Jun 2012

Fitch affirms Russia miner Metalloinvest 'BB-'; Outlook Stable

In a note on Russian iron ore producer Metalloinvest, Fitch Ratings has forecast a 5%-8% decrease in iron ore product prices this year.    Tuesday , 19 Jun 2012

Dramatic copper demand growth expected from China, India, Brazil

Copper prices are expected to rise due to low inventories and steady demand from China and India, with both relying on the red metal for the creation of energy, automotive and housing infrastructure.    Monday , 18 Jun 2012

Gold: Risk asset or safe haven?

Safe haven or risk asset? Markets breathed a sigh of relief after the Greek election result but analysts are still unsure exactly how gold is likely to trade.    Monday , 18 Jun 2012

CME Group to allow physical settlement of weekly gold options

Chicago-based CME says it will amend the contract of its weekly gold options to let investors exercise into futures contracts effective July 1, pending approval from the U.S. CFTC.    Tuesday , 19 Jun 2012

Einhorn's overlooked bearish call on US Steel pans out

As of Monday's close, U.S. Steel's stock price was down 23.1% since the popular Ira Sohn charitable conference, where hedge fund manager David Einhorn predicted it would perform badly.    Tuesday , 19 Jun 2012

Baja Mining faces lawsuit on Boleo cost overruns

Baja's second-largest shareholder, Dreyfus, has filed a lawsuit in the Supreme Court of British Columbia against the company regarding cost overruns at the Boleo project in Mexico.    Tuesday , 19 Jun 2012

Brazil wants local companies to bid in key takeovers

The head of state development bank BNDES says the government will always side with Brazilian firms over foreign rivals in corporate takeover bids as long as their proposals are financially sound and viable.    Tuesday , 19 Jun 2012

Italian man caught smuggling 50 kg of gold at Swiss border

Regional police say the man and his daughter were caught with gold estimated to be worth $2.5 million at the Swiss border; both have been charged with smuggling.    Tuesday , 19 Jun 2012

Malaysian lawmakers back Lynas Corp's rare earths plant

The move is set to clear the way for Lynas, which has been entangled in lengthy environmental and safety disputes with local residents, to operate the $800 million plant in east Malaysia.    Tuesday , 19 Jun 2012

India plans to raise $1.25bn by selling stake in NMDC

A senior finance ministry official said Monday the government is looking to sell a stake in state-run miner NMDC in 2012/13 to raise $1.25 billion to boost investor sentiment.    Monday , 18 Jun 2012

Brazil's Usiminas prepares new share sale

Brazilian newspaper Valor Economico reported Monday that the steelmaker is preparing the new share sale of at least $734 million and may also sell assets to bolster investments in spite of weak operating cash flow.    Monday , 18 Jun 2012

CCI mulls 400,000 bpd CTL plant in Mozambique

The company is working on a feasibility study for the 40,000 barrels-per-day coal-to-liquids plant which should be completed by the end of 2014.    Monday , 18 Jun 2012

Accident delays production at Gem Diamonds' Botswana mine

Gem Diamonds, which focuses on large, high-quality diamonds, says a full assessment of the accident's impact on the Ghangoo project timeline and overall costs is ongoing.    Monday , 18 Jun 2012

Copper more attractive than gold but neither are bargains

According to Martin Sosnoff, even after their latest spell of weakness commodities leave him cold.    Tuesday , 19 Jun 2012

Yesterday's top story: Jaguar Mining, activist shareholder lock horns over board performance

A showdown is set to occur at Jaguar Mining's upcoming AGM with a key shareholder promising to try to block re-election of core board members.    Saturday , 16 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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