Thursday, July 12, 2012

MINEWEB.COM'S TOP STORIES: BMO Research cuts commodity price forecasts by up to 10%

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TOP STORIES | Thursday , 12 Jul 2012                                                     

BMO Research cuts commodity price forecasts by up to 10%

Investors should focus on producing mines, low risk country locations, and preferred commodities, BMO Research recommends in its latest Mining Quarterly Strategy.    Thursday , 12 Jul 2012

Thousands of Spaniards join miners' protest march through Madrid

Thousands marched through Madrid's main avenue to join hundreds of miners who marched to the capital to protest government subsidies cuts, which miners say will destroy their industry.    Thursday , 12 Jul 2012

Sceptics await 11 Moz Barkerville Gold approved NI43-101 resource statement

Barkerville Gold surprised the markets with the announcement of very large preliminary indicated gold resource assessments last week, but sceptics are awaiting official confirmation before climbing in.    Wednesday , 11 Jul 2012

Jindal Steel to exit $2.1bn Bolivian mining project

Jindal Steel's Bolivia plans, the single largest foreign investment in the Latin American country, have come asunder with the company terminating the $2.1 billion investment contract.    Thursday , 12 Jul 2012

Concerns raised as Mongolian resource nationalists win big in June elections

Anti-foreigner campaigners have emerged as the big winners in Mongolia's June election, a bloc whose increasing power could be bad news for the international mining corporations.    Thursday , 12 Jul 2012

Indian gold ETFs see second month of outflows

Though assets held under management at India's gold ETFs nearly doubled year on year to $1.85 billion as of May 31, outflows in June touched historic highs.    Wednesday , 11 Jul 2012

Frontier Rare Earths shares fly as Kores confirms JV

Frontier Rare Earths to get C$23.8 million from Kores for 10 percent stake in South Africa rare earth project.    Wednesday , 11 Jul 2012

Gold miners should up dividends - pockets of value in platinum

*George Topping and **Michael Scoon discuss gold company dividends, how supply shortages are shaping the landscape for platinum group metals and their views on iron ore and zinc. Gold Report interview.    Thursday , 12 Jul 2012

Guatemala to postpone mine reform proposals; assess feedback

According to advisers to President Otto Perez, the government has decided to wait until next month before sending the proposal to Congress in order to give officials time to assess feedback from the affected sectors.    Thursday , 12 Jul 2012

South American Silver shares tumble on Bolivian mine rule announcement

Shares in the silver miner fell as much as 17.4% the day after Bolivia's leftist president said he would revoke the company's mining concession for the Malku Khota project due to violent protests.    Wednesday , 11 Jul 2012

Gold: Not just for kooks and weirdos

Adrian Ash looks at some very logical arguments from the World Gold Council as to why exactly gold is a very useful diversification tool for big-time money managers.    Thursday , 12 Jul 2012

Excellon halts Mexico silver mine ops due to protests

Protesters have blocked access to Excellon's La Platosa mine in the northern state of Durango since Monday, following a contested vote on union representation last week.    Thursday , 12 Jul 2012

BHP appoints advisers to look into sale of Brazil aluminium stakes

According to reports by the Financial Times, the company has appointed advisers to explore the sale of its stakes in aluminium assets in Brazil.    Thursday , 12 Jul 2012

Rio Tinto reportedly dropping $1.2bn Portuguese iron ore project

According to Reuters sources, the mining giant has decided not to participate in a planned iron ore project in northern Portugal, choosing instead to focus on a narrower range of mine developments.    Thursday , 12 Jul 2012

Cline Mining halts ops at Colorado coal mine; shares fall

Shares in the company fell as much as 30% to a low of 30 Canadian cents in early trade on the TSX on Wednesday after reporting it is halting operations at its Colorado coal mine and laying off workers.    Thursday , 12 Jul 2012

Rio Tinto CFO to retire next year

Guy Elliott, a 32-year veteran of the company, will retire at the end of next year, Rio Tinto declined to comment on whether it will make an internal or external search for his successor.    Thursday , 12 Jul 2012

Xstrata sets September date for Glencore takeover vote

A vote initially scheduled for July was postponed after shareholder protests forced Xstrata last month to overhaul retention packages to tie in its top managers.    Wednesday , 11 Jul 2012

Ex Vale CEO to form mining company with BTG Pactual

Roger Agnelli, who helped turn Vale into the world's largest iron ore miner, was forced out of the company last year under government pressure and formed the investment company AGN Participaçoes.    Wednesday , 11 Jul 2012

Alcoa signs $1.4bn supply deals with Airbus

According to Alcoa, its aluminium products will be used across virtually all Airbus commercial programs and includes new lower wing skins on the A320 airliner.    Wednesday , 11 Jul 2012

Yesterday's top story: Xstrata Director on South Africa's "Impatient Youth"

Xstrata South Africa director, Andile Sangqu, says companies need to demonstrate their socio-economic contributions and take the lead in pulling business and society together.    Tuesday , 10 Jul 2012

PODCASTS / RADIO                                                     

Gold stocks, and the diminishing returns of QE - Adrian Day

Adrian Day looks at the major factors affecting gold over the last few months and what the prospects are for gold stocks.

Junior mine financing - time to run and hide

For Oreninc's Benjamin Cox, in the current environment, especially this summer, miners shouldn't be financing a nickel more than they have to.

Resource Nationalism still topping EY's Business Risk Charts - Mike Elliot

Ernst & Young's Global Mining and Metals leader, Mike Elliot, discusses some of the key points found in the group's Business Risks Facing Metals and Mining for 2012 Report.

QE, gold stocks and summer expectations for bullion - Tom Kendall

Credit Suisse's Tom Kendall looks at the likely impact of QE3, what we can expect from Asian demand in the rest of the year and, what we can expect over summer.

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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


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Jan Chadwick, International
Wendy Hora, Australasia

 

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Editor in Chief

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