Friday, July 27, 2012

MINEWEB.COM'S TOP STORIES: Barrick's Pascua-Lama gold project delayed to 2014, costs now $8bn. H1 profits, output down

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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.


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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

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Editor in Chief

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