Wednesday, July 11, 2012

MINEWEB.COM'S TOP STORIES: China blocks WTO rare earths dispute settlement panel

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Wednesday , 11 Jul 2012                                                     

China blocks WTO rare earths dispute settlement panel

China says it is not in a position to accept establishment of a WTO dispute settlement panel regarding its restrictions related to rare earths, tungsten and molybdenum exports.    Wednesday , 11 Jul 2012

Drought, seismic activity decrease Goldcorp 2012 production guidance

As nature continues to take its toll at two of Goldcorp's major operations, the gold digger has reduced its 2012 gold production and by-product metals production guidance.    Wednesday , 11 Jul 2012

Gran Colombia Chairman's relentless stock buying

In Serafino Iacono, Gran Colombia has not only a co-chairman, but a relentless cheerleader who puts his money where his mouth is.    Tuesday , 10 Jul 2012

CoAL CEO says Vele Heritage site issues have been put to bed

A recent report published at a Unesco sitting in Russia raised concerns over Coal of Africa's Vele operation but, CEO John Wallington says these have now all been put to rest.    Wednesday , 11 Jul 2012

Update: Roxgold delays AGM to fight off junior mining kingpin

Roxgold fires back against a dissident shareholder seeking to replace the Roxgold board, postponing its AGM that was scheduled for July 12.    Tuesday , 10 Jul 2012

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

Minera IRL's Don Nicolas gold/silver mine draws nearer

The latest agreement with local communities suggests that Minera IRL's Don Nicolas gold/silver project in Argentina is proceeding nicely towards initial production late next year.    Tuesday , 10 Jul 2012

Rhodium poised to rebound on record global car sales

The predicted rebound in rhodium prices, last year's worst-performing metal, will come at a time when producers are idling unprofitable mines and postponing spending on new projects.    Wednesday , 11 Jul 2012

Rare earths and graphite - juniors down but not out

Siddharth Rajeev* takes a good hard look at small caps in the rare earths space and sees this as a time to buy quality assets at cheap valuations. Critical Metals Report interview.    Wednesday , 11 Jul 2012

Bolivia to revoke South American Silver's mining license

It is the second time in less than a month that Bolivia's leftist president has given in to protesters' demands for him to step up a drive to increase state control over natural resources.    Wednesday , 11 Jul 2012

Endeavour Silver Corp increases Q2 output 22%

The miner, which owns and operates the Guanacevi and the Guanajuato mines in Mexico, produced about 1 million silver ounces in the quarter.    Wednesday , 11 Jul 2012

Impact of Patriot Coal's bankruptcy on JV with Rhino uncertain

The company says the impact of Patriot Coal's bankruptcy filing on their JV in West Virginia is uncertain, but it expects operations at the metallurgical coal venture to continue.    Wednesday , 11 Jul 2012

Vale sells European ferromanganese units to Glencore

Rio de Janeiro-based Vale has sold its ferromanganese plants in Europe to units of Glencore as it seeks to help finance core investments in iron ore, coal and nickel.    Wednesday , 11 Jul 2012

Gold lacks clear direction amid QE3 uncertainty

The metal has been under pressure from a dollar rally in recent weeks, with uncertainty over whether or not the U.S. Federal Reserve will launch a third round of quantitative easing keeping gold bulls on edge.    Wednesday , 11 Jul 2012

Copper edges up but stuck in tight range ahead of China GDP data

China's June trade data on Tuesday stoked anxiety about the strength of domestic demand in the world's second biggest economy as imports rose at only half the pace expected.    Wednesday , 11 Jul 2012

China's reshaped rare earths role could make it an importer by 2014

Growing demand from China could see the country become an importer of rare earths by 2014 as it moves away from low-end mining and toward the downstream rare earth sectors.    Wednesday , 11 Jul 2012

SA mines minister may step up sanctions to curb safety violations

Speaking at a memorial service for miners killed in a fire 5 days ago, South Africa's deputy mines minister threatened to step up sanctions, including closures, for mines that flout health and safety rules.    Tuesday , 10 Jul 2012

Yesterday's top story: Junior feeding frenzy on the horizon

According to Benjamin Cox, a lot of junior miners will be taken out this fall as majors look to replenish ounces at some of the cheapest levels seen in a very long time.    Tuesday , 10 Jul 2012

PODCASTS / RADIO                                                     

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.

Why supply is going to be the next big mining issue - Jeremy Gray

Standard Chartered's Jeremy Gray looks at how the commodities sector is currently placed and why future supply is going to become a big issue.

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Timmins Gold reports record production of 23,203 ounces of gold and 14,453 ounces of silver during Q2 2012

Timmins Gold Corp. (TSX:TMM, NYSE.A:TGD) reports record gold production of 23,203 gold ounces for its Q2 2012 fiscal quarter ended June 30. Timmins Gold also produced 14,453 ounces of silver during the quarter.

During Q2 2012 a total of 39,028 ounces of gold were placed on the heap leach pads, compared to 31,150 ounces of gold during the previous quarter (Q1 2012), a 25.3% increase. Gold produced during Q2 2012 reached 23,203 ounces of gold, compared to 21,532 ounces in the previous quarter (Q1 2012), a 7.8% increase. The number of gold ounces placed on the pads is scheduled to increase during the rest of the year as the mine continues its expansion. Timmins Gold maintains its production target of 100,000 ounces of gold during 2012.

For the full release click here

 

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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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