MINEWEB.COM'S TOP STORIES: Hecla offers U.S. Silver a financially stronger future - Baker

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                                                      The bottom is probably in for silver - Morgan Morgan Report author, David Morgan says, at the moment, investment demand is the driving factor of both gold and silver.   TOP STORIES | Tuesday , 31 Jul 2012                                                      Hecla offers U.S. Silver a financially stronger future - Baker While Hecla Mining CEO Phil Baker praises U.S. Silver and RX Gold and Silver, he says RX Gold lacks the financial strength to help U.S. Silver realize its full potential.    Tuesday , 31 Jul 2012 Grupo Mexico 2Q profit drops 5% despite higher production Markets will be more focused on the global economy and the U.S. presidential election than on copper fundamentals, Grupo Mexico cautions.    Tuesday , 31 Jul 2012 GoldQuest bests gold-copper discovery drillhole with 258 Metres @ 4.5 g/t Au GoldQuest continues to hit high grade gold in the Dominican Republic near its Romero discovery drillhole.    Monday , 30 Jul 2012 SA platinum junior pleads for state intervention A platinum Mandela Rand and Reserve Bank holding some of the recommendations in an open letter to the South African government written by Platfields CEO, Bongani Mbindwane.    Monday , 30 Jul 2012 Unigold jumps on more Dominican Republic drilling Unigold turns out a long, high grade intercept giving it a shareprice boost.    Monday , 30 Jul 2012 Gold, the markets, and impaired thinking Frank Holmes looks at three oft-discussed points in the market (inflation, tech and Warren Buffet) and challenges some assumptions about them in relation to gold.    Tuesday , 31 Jul 2012 India's US gem and jewellery exports swell Growth in gems and jewellery from India jumped in June both in the US and emerging markets.    Monday , 30 Jul 2012 Xstrata to boost Australian copper, iron ore mining The transnational miner said its new Mount Margaret mine will help it increase copper production in Australia by 140,000 tonnes over the next five years.    Tuesday , 31 Jul 2012 Polymetal Q2 revenue rises 19% year-on-year The Russian precious metals miner posted $376 million in Q2 revenue, up 19% year-on-year boosted by strong gold and silver production.    Tuesday , 31 Jul 2012 ENRC pays $101.5m to secure licence for Congo mine The new licence, which will include not only the area previously granted to First Quantum Minerals but also adjacent areas, is expected in the coming weeks.    Tuesday , 31 Jul 2012 Higher copper sales lift Inmet Mining's Q2 profit The miner holds an 80% stake in the massive Cobre Panama copper-gold project in Central America, with the remaining interest owned by a Korean consortium.    Tuesday , 31 Jul 2012 China mulls tax rebate to aid struggling steelmakers The Ministry of Industry and Information Technology is reportedly considering a plan under which selected steelmakers that sell high-end steel products to exporters would be exempt from the 17% VAT.    Tuesday , 31 Jul 2012 Eramet shares slide as H1 profits drop The French mining and metals group says it plans to invest more selectively in coming years in view of the uncertain global economic outlook.    Tuesday , 31 Jul 2012 Gryphon Gold CFO steps down Robert Chapman, CFO at the miner since February when former CFO James O'Neil took over as CEO, has stepped down for personal reasons.    Tuesday , 31 Jul 2012 Rio Tinto pays $935m to hold onto 51% stake in Ivanhoe The global mining giant said Monday it had paid about $935 million for 133.6 million shares of Ivanhoe Mines, maintaining its 51% ownership in the TSX-listed company.    Monday , 30 Jul 2012 Banro restarts Twangiza gold ball mill According to the gold miner, the ball mill at the DRC mine has been restarted after a delay of almost a month.    Monday , 30 Jul 2012 Norilsk Nickel head of sales resigns to "focus on his own project" Viktor Sprogis, a high-profile figure particularly in the palladium market, has quit his post at Norilsk Nickel after an 11-year stint to "focus on his own project", the company says.    Monday , 30 Jul 2012 Chile's June copper output rises 5.6% to 452,690T Copper output slipped 1.2% compared with May, when the world's No. 1 copper producer churned out 458,640 tonnes of the red metal.    Monday , 30 Jul 2012 London Mining to receive $110m cash injection from BlackRock The BlackRock World Mining Trust will pay London Mining a sum of $110 million for a 2% royalty on iron ore sales from the Marampa project in Sierra Leone.    Monday , 30 Jul 2012 Jiangxi Copper plans to boost smelting capacity The project, operated by Zhejiang Heding Copper, aims to build operations with a smelting capacity of 200,000 t/y and able to produce 370,000 tonnes of refined copper cathode.    Monday , 30 Jul 2012 AngloGold halts Savuka ops after fatality The gold miner has halted works at its Savuka mine in South Africa after the body of a worker was found in a gully on Saturday morning.    Monday , 30 Jul 2012 Yesterday's top story: Surviving the great bust ahead - cash is King, gold may yet have another run but... With a perfect storm brewing on the horizon, investors should be building their cash cache and running for cover, warns Harry Dent*. Gold may peak at only $2000 and then fall,. Interview with The Gold Report.    Sunday , 29 Jul 2012 PODCASTS / RADIO                                                      Global Commodity ETP Quarterly report - Nick Brooks ETF Securities, Head of Research and Investment Strategy, Nick Brooks looks at the trends seen in the gold ETF market over the second quarter and what to expect going forward. 480,000 South African platinum ounces now at risk - Ground Standard Bank's Marc Ground looks at the state of the South African platinum sector, the outlook for prices and the likelihood of further mine closures. The biggest misconception in gold and other factors driving the metal - Ronald Stoeferle A look at the latest edition of the Erste Group's 'In gold we trust' report and some of the big factors at work within the gold market. Where are we in the commodities super cycle - Nic Brown A look at whether or not the commodities supercycle is coming to an end and what it means for the industrial commodities sector.	Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website. Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com Follow mining news updates on Twitter http://twitter.com/Mineweb Mineweb's iPad app is now available! Go to www.mineweb.com/apps or to the Apple app store to download it.   CONFERENCES Denver Gold Forum 2012 Date: 09 September 2012 - 12 September 2012 Venue: Hyatt Regency, Denver, CO, USA Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More 2012 Chicago Hard Assets Investment Conference and Exhibition Date: 21 September 2012 - 22 September 2012 Venue: McCormick Place Convention Center/McCormick Place Hyatt The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Read More MINExpo 2012 Date: 24 September 2012 - 26 September 2012 Venue: Las Vegas Convention Center, Las Vegas, USA The World's largest exposition of mining equipment and services attracting over 35,000 visitors. Mineweb will be exhibiting. There is an associated conference program. visit MINEWEB at Booth number 1967 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 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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MINEWEB.COM'S TOP STORIES: After 3 years, Doe Run Peru's La Oroya finally restarts

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       TOP STORIES | Monday , 30 Jul 2012                                                      After 3 years, Doe Run Peru's La Oroya finally restarts Peru's Minister of Energy and Mines says the resumptions of operations at the La Oroya metallurgical complex will benefit both workers and the local economy.    Monday , 30 Jul 2012 Medium to long-term metals outlook positive-Southern Copper Chair Southern Copper reported copper, moly, silver and zinc production all increased during the first six months of this year.    Monday , 30 Jul 2012 Some smaller gold and silver miners pay decent dividends too Dividends play an increasingly important role in attracting investors to gold and silver stocks. While this largely applies to major and mid tier companies, some junior miners also make significant payments.    Friday , 27 Jul 2012 Dubai Gold Exchange hits new trading record Rupee futures and gold trading helped drive trading at the gold exchange in Dubai, to a new trading record in June at $32.92 billion.    Monday , 30 Jul 2012 Argentex gets multiple kilo-plus silver hits in Argentina Argentex Mining outlines strong drilling results on its Pinguino silver-polymetallic property in Patagonia in Argentina's mining-friendly Santa Cruz state.    Friday , 27 Jul 2012 Surviving the great bust ahead - cash is King, gold may yet have another run but... With a perfect storm brewing on the horizon, investors should be building their cash cache and running for cover, warns Harry Dent*. Gold may peak at only $2000 and then fall,. Interview with The Gold Report.    Sunday , 29 Jul 2012 Indian investors reach out to gold fund of funds To continue to feed Indian investors craze for gold, asset management companies are launching open-ended schemes that will feed investors' money into its previously launched gold ETF.    Friday , 27 Jul 2012 Tanzania minister wants established gold miners to pay 30% tax - no excuses Gold miners who have been operating for five years or more should pay 30% corporate tax regardless of losses or shut down and leave the country, says Tanzania's energy and mines minister.    Sunday , 29 Jul 2012 Newspaper reports BHP likely to delay Olympic Dam expansion decision According to the Australian newspaper, BHP Billiton is likely to delay a decision on the proposed $30bn expansion of its Olympic Dam mine in South Australia.    Monday , 30 Jul 2012 Little silver, big gold - the platinum price conundrum On the precious metals front store-of-value gold has never been so expensive against industrial platinum which begs the question - is gold expensive, or platinum a bargain?    Saturday , 28 Jul 2012 Remedies for 'Stuck in mud' U.S. economy will drive gold much higher With the U.S. economy 'stuck in the mud' or even likely to move into downright recession, Fed likely to implement more easing, but how much and when will dictate gold price path.    Saturday , 28 Jul 2012 Lossmaking Rio Tinto subsidiary to cut uranium mine workforce Transitioning from open pit to underground mining, Australian uranium miner Energy Resources Australia is to cut the workforce at its Ranger mine to reduce costs.    Monday , 30 Jul 2012 Anglo American urges Brazil's Rousseff to solve mining project delays Brazilian regulatory hurdles are holding back some 40 mining and infrastructure projects valued at more than $200 billion by an average of two years, according to CEO Cynthia Carroll.    Monday , 30 Jul 2012 Gold hovers around $1,620/oz; central banks meetings eyed The gold price held steady above $1,620/oz on Monday as investors wait for the central banks to give clearer cues on the potential for further monetary stimulus.    Monday , 30 Jul 2012 AngloGold halts Savuka ops after fatality The gold miner has halted works at its Savuka mine in South Africa after the body of a worker was found in a gully on Saturday morning.    Monday , 30 Jul 2012 FIFO miners' lifestyle generates health risks Medical research into flying miners in and out of remote mining locations suggests the practice leads to a high degree of lifestyle-related health risks.    Monday , 30 Jul 2012 Norilsk Nickel Q2 nickel output falls The company said Monday nickel output declined to 69,639 tonnes in the second quarter of 2012 from 75,824 tonnes in the preceding quarter.    Monday , 30 Jul 2012 Cameco's Rabbit Lake operations back to normal after evacuation Although there was no safety risk, Cameco officials evacuated the Rabbit Lake site Friday in accordance with their emergency response plans regarding forest fires in the area.    Monday , 30 Jul 2012 Aluminium Bahrain Q2 net profit drops on lower prices According to the company, aluminium prices on the London Metal Exchange declined close to $600 a tonne when compared with the same period last year.    Monday , 30 Jul 2012 Northern Iron receives rival bid from Prominvest Swiss trading company Prominvest AG has offered $550 million for the Australian junior miner, topping an earlier bid from Indian conglomerate Aditya Birla Group.    Monday , 30 Jul 2012 Eldorado Gold cuts 2012 production target as profit falls Eldorado Gold currently expects to produce 660,000 gold ounces this year, down from a previous estimate of 730,000 to 775,000 ounces. Q2 profits fell on a fall in output and rising costs.    Friday , 27 Jul 2012 Cameco profit slips on lower sales, higher costs The uranium miner earned C$8 million, or 2 Canadian cents a share in the quarter compared with C$55 million, or 14 Canadian cents a share, in the year-earlier period.    Friday , 27 Jul 2012 Weekend's top story: Barrick's Pascua-Lama gold project delayed to 2014, costs now $8bn Relying on in-house project management for the massive Pascua-Lama gold mine is costing Barrick dearly in both time and money.    Friday , 27 Jul 2012 PODCASTS / RADIO                                                      Global Commodity ETP Quarterly report - Nick Brooks ETF Securities, Head of Research and Investment Strategy, Nick Brooks looks at the trends seen in the gold ETF market over the second quarter and what to expect going forward. 480,000 South African platinum ounces now at risk - Ground Standard Bank's Marc Ground looks at the state of the South African platinum sector, the outlook for prices and the likelihood of further mine closures. The biggest misconception in gold and other factors driving the metal - Ronald Stoeferle A look at the latest edition of the Erste Group's 'In gold we trust' report and some of the big factors at work within the gold market. Where are we in the commodities super cycle - Nic Brown A look at whether or not the commodities supercycle is coming to an end and what it means for the industrial commodities sector.	Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website. Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com Follow mining news updates on Twitter http://twitter.com/Mineweb Mineweb's iPad app is now available! Go to www.mineweb.com/apps or to the Apple app store to download it.   CONFERENCES Denver Gold Forum 2012 Date: 09 September 2012 - 12 September 2012 Venue: Hyatt Regency, Denver, CO, USA Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More 2012 Chicago Hard Assets Investment Conference and Exhibition Date: 21 September 2012 - 22 September 2012 Venue: McCormick Place Convention Center/McCormick Place Hyatt The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Read More MINExpo 2012 Date: 24 September 2012 - 26 September 2012 Venue: Las Vegas Convention Center, Las Vegas, USA The World's largest exposition of mining equipment and services attracting over 35,000 visitors. Mineweb will be exhibiting. There is an associated conference program. visit MINEWEB at Booth number 1967 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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MINEWEB.COM'S TOP STORIES: Barrick's Pascua-Lama gold project delayed to 2014, costs now $8bn. H1 profits, output down

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       TOP STORIES | Friday , 27 Jul 2012                                                      Barrick's Pascua-Lama gold project delayed to 2014, costs now $8bn. H1 profits, output down Relying on in-house project management for the massive Pascua-Lama gold mine costing Barrick dearly in time and money. Overall H1 gold and copper output and profits sharply down but full year gold guidance maintained.    Friday , 27 Jul 2012 Performance probs at Red Lake, Peñasquito hit Goldcorp's Q2 bottom line Goldcorp's second quarter financial results contained few surprises, although management warned that industry-wide capex escalation is forcing the company to re-examine its project pipeline costs.    Friday , 27 Jul 2012 Newmont lowers gold, copper production guidance for 2012 Newmont anticipated lower gold and copper production during the second quarter and the first half of the year, as well as a decline in profits.    Friday , 27 Jul 2012 Sprott mum after Hecla offers cash for U.S. Silver in hostile bid Key questions remain unanswered as Hecla vies for U.S. Silver, which had planned to consummate a Sprott-blessed merger with RX Gold & Silver.    Friday , 27 Jul 2012 Platinum and diamonds contribute to big Anglo American H1 profit fall The mining giant came in below H1 expectations with a 38% drop in operating profit to $3.7 billion, with platinum and diamonds particularly poor performers.    Friday , 27 Jul 2012 Gold headed for best week since mid-June The gold price held steady above $1,600 an ounce on Friday after ECB President Mario Draghi signalled the bank would do whatever was necessary to hold the euro zone together.    Friday , 27 Jul 2012 First Quantum resumes work at Mauritania copper/gold mine Workers at First Quantum Minerals' Guelb Moghrein copper/gold mine have been protesting over wages and conditions, costing the miner 12 days of production.    Friday , 27 Jul 2012 EPA directive forces closure of Gold Fields' heap leach gold operation at Tarkwa Ghana's Environmetal Protection Agency has required Gold Fields to temporarily shut down its heap leach section at the world class Tarkwa gold mine until discharges can be run through an additional water treatment plant.    Thursday , 26 Jul 2012 Metminco saving cash by refocusing priorities at Los Calatos copper/moly project Latest drilling results from Metminco's big Los Calatos copper/moly project confirm the tenor of the deposit grades and the company is saving cash by reducing second half drilling plans and refocusing its studies on the project.    Thursday , 26 Jul 2012 Harry Winston in advanced talks with Rio Tinto on Diavik mine According to a report on the Financial Times website citing two industry sources, Harry Winston Diamond is in advanced talks to buy Rio Tinto's 60% stake in the mine.    Friday , 27 Jul 2012 Nyrstar sticks to mining targets despite supplier issue The world's biggest zinc producer has maintained its guidance for 2012 despite a key supplier warning it would miss its production target.    Friday , 27 Jul 2012 Platinum miner Lonmin cuts spending plans Lonmin, the third-largest platinum miner, has trimmed its spending plans for 2012 by $20 million to $430 million.    Thursday , 26 Jul 2012 Shaft deepening contracts awarded at Cullinan diamond mine The key shaft deepening contracts for the planned expansion at Petra's historic Cullinan diamond mine near Pretoria, S. Africa has been awarded to major contractor Murray & Roberts Cementation.    Thursday , 26 Jul 2012 Despite protests and politics, Peru's still a great place for mining investment Maria Belen Vega and Ricardo Carrión of Kallpa Securities in Lima, Peru, analyze the Peruvian protest situation and clarify the role of mining as one of the leading sectors of the country's economy. Gold Report interview.    Thursday , 26 Jul 2012 Ron Paul's Fed audit bill triumph The passage of Ron Paul's 'Audit the Fed' bill by a huge bipartisan majority is perhaps the first major salvo in an ongoing fight to make the U.S. Federal Reserve more accountable and transparent.    Thursday , 26 Jul 2012 Vale the latest victim of China's economic slowdown The iron ore miner's net income hit its lowest level in more than two years, underscoring its dependence on Chinese purchases of its flagship product.    Thursday , 26 Jul 2012 BHP's Olympic Dam mine in South Australian prisoner rehab scheme BHP's massive Olympic Dam mining operation is contributing to a rehab scheme for South Australian low-security prisoners to help them find employment in the mining sector.    Thursday , 26 Jul 2012 Hong Kong's largest gold bullion vault signals rising Asian wealth The new facility will compete with services offered by the Airport Authority Hong Kong and will cater for government institutions, commodity exchanges, bullion banks, refiners, wealthy individuals and ETFs.    Thursday , 26 Jul 2012 Slump in Chinese imports rattles Indian gem traders China's diamond offtake from India has declined in the last three months leading to decidedly worried Indian diamantaires.    Thursday , 26 Jul 2012 Yesterday's top story: Surprising that gold's safe haven appeal not more attractive - but this will change This year, next year, sometime - but definitely not never - gold will have its day as exponential growth in sovereign debt looks like bringing the global economy to its knees.    Wednesday , 25 Jul 2012 PODCASTS / RADIO                                                      Global Commodity ETP Quarterly report - Nick Brooks ETF Securities, Head of Research and Investment Strategy, Nick Brooks looks at the trends seen in the gold ETF market over the second quarter and what to expect going forward. 480,000 South African platinum ounces now at risk - Ground Standard Bank's Marc Ground looks at the state of the South African platinum sector, the outlook for prices and the likelihood of further mine closures. The biggest misconception in gold and other factors driving the metal - Ronald Stoeferle A look at the latest edition of the Erste Group's 'In gold we trust' report and some of the big factors at work within the gold market. Where are we in the commodities super cycle - Nic Brown A look at whether or not the commodities supercycle is coming to an end and what it means for the industrial commodities sector.	Elevation mapping accuracies better than 50cm Mine sites & development projects mapped throughout the world Click here for more information on our highly accurate 1m contour package   Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website. Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com Follow mining news updates on Twitter http://twitter.com/Mineweb Mineweb's iPad app is now available! Go to www.mineweb.com/apps or to the Apple app store to download it.   CONFERENCES Denver Gold Forum 2012 Date: 09 September 2012 - 12 September 2012 Venue: Hyatt Regency, Denver, CO, USA Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More 2012 Chicago Hard Assets Investment Conference and Exhibition Date: 21 September 2012 - 22 September 2012 Venue: McCormick Place Convention Center/McCormick Place Hyatt The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Read More MINExpo 2012 Date: 24 September 2012 - 26 September 2012 Venue: Las Vegas Convention Center, Las Vegas, USA The World's largest exposition of mining equipment and services attracting over 35,000 visitors. Mineweb will be exhibiting. There is an associated conference program. visit MINEWEB at Booth number 1967 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
Manage your subscription | Subscriber help    If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the    subject line, and we will address the problem.    You have voluntarily joined this mailing list. To unsubscribe, please click here    © Mineweb 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise