Monday, July 16, 2012

MINEWEB.COM'S TOP STORIES: China to spend US$949mn for strategic rare earths stockpile

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TOP STORIES | Monday , 16 Jul 2012                                                     

China to spend US$949mn for strategic rare earths stockpile

China is releasing more information about its effort to stockpile heavy rare earths to ensure the sustainable development of its domestic high-tech industries.    Monday , 16 Jul 2012

Canada's Minister of Industry approves Glencore/Viterra takeover

One of the world's largest commodity suppliers, Glencore International, hopes to have approval from the Chinese government by the end of this month of Glencore's takeover of Canada's Viterra.    Monday , 16 Jul 2012

Junior gold and silver miners outperforming explorers

It's a case of perhaps not so bad in a bad junior market. A slew of junior gold and silver producers, among others, have been trading sideways in recent months while explorers have continued to fall.    Saturday , 14 Jul 2012

Australia's mining boom is over - Minister

As China's economy falters, Australian mineral exporters will not see the recently achieved premium iron ore and coal prices again, according to the country's Resources Minister.    Monday , 16 Jul 2012

It's a tough time to be running a mining company

Politicians, environmentalists, labour activists, dissident shareholders - all can create major problems for today's mining executive, particularly in a time of falling commodity prices.    Friday , 13 Jul 2012

Baja Mining woes deepen on Boleo copper project

Money is running out for Baja as it builds the Boleo copper project and now it forecasts operating costs to be almost double previous feasibility estimates.    Friday , 13 Jul 2012

Roxgold says 'opportunism; Lennox-King says 'stunning betrayal'

Lennox-King says nearly half Roxgold shareholders support change, but Roxgold questions the basis for the numbers.    Friday , 13 Jul 2012

Hedge funds, money managers cut gold, silver longs, raise copper shorts

Money and hedge fund managers cut long positions in US gold futures and options by almost 20% as deflation fears weighed on confidence.    Saturday , 14 Jul 2012

Gold's role in a deflationary environment

History suggests that to sell gold ahead of an extended period of deflation would be counter to the likely price outlook, as well raising investment risk profile rather than reducing it.    Saturday , 14 Jul 2012

Increasingly violent conflicts hit Humala's approval rating

The Peruvian president's popularity fell 5 percentage points for the second straight month, dropping to 40% as concerns grow over his handling of protests, like that against Newmont's proposed Conga mine.    Monday , 16 Jul 2012

Queensland's coal mine transport infrastructure developments detailed

Australia's Queensland has enormous coal resources. The problem has been moving coal from the huge new mine developments to port. Cole Latimer reports on the latest developments.    Monday , 16 Jul 2012

POSCO not considering joining GTT bid for now

The South Korean steelmaker said on Monday it had planned to consider the bid were it asked by local shipbuilders to participate but it has yet to receive such a request.    Monday , 16 Jul 2012

One dead in clashes at Mauritanian MCM site

Workers at the copper and gold mine run by First Quantum Minerals unit MCM in the town of Akjoujt have been protesting for days over pay and conditions.    Monday , 16 Jul 2012

Tinkler-led group bids $5.3bn for Whitehaven Coal

The offer comes a month after Nathan Tinkler made an indicative and incomplete approach for the coal miner which wrong-footed investors whose doubts included weakening coal prices.    Monday , 16 Jul 2012

Rail explosion slows Cerrejon coal exports - media reports

According to local media reports, the attack on the rail line linking Colombia's biggest coal miner to a Caribbean port occured on Saturday as a coal train was passing by but didn't cause it major damage.    Monday , 16 Jul 2012

BHP to sell Nimba, pull out of Guinea

According to the Financial Times, the transnational miner is putting its Mount Nimba iron ore project up for sale as it exits Guinea.    Monday , 16 Jul 2012

Accurately assessing political risk: what Argentina can teach us

A knee jerk reaction against mining investment in Argentina following its re-nationalization of oil company YPF is just one example of missing opportunities by reading too much into an isolated event.    Friday , 13 Jul 2012

Peru brokers deal on Anglo American copper mine

The global miner has agreed to make voluntary payments of some $370 million to communities near its planned Quellaveco copper mine during its' 30 years of operations.    Friday , 13 Jul 2012

Mitsubishi Corp could unlock Anglo, Codelco gridlock

Sources familiar with the matter say the Japanese firm could cede part of its stake in disputed Chilean copper properties to solve a bitter row between Anglo American and Codelco.    Friday , 13 Jul 2012

Nyrstar mulling A$350m zinc smelter redevelopment

The Belgium-based company is looking into redeveloping its Australian Port Pirie smelter into a metals recovery facility to extend its processing capabilities.    Friday , 13 Jul 2012

Adani, QR team up for Galilee Basin coal rail

Adani is expected to initiate digging operations at its Carmichael coal mine in Australia's Galilee Basin in July 2013, with most of the coal earmarked for India's domestic consumption.    Friday , 13 Jul 2012

Weekend's top story: India's Reserve bank looking to put idle household gold to better use

In a bid to temper imports of the yellow metal, the country is considering alternative financial routes to help bring out the gold currently sitting in Indian households.    Friday , 13 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


Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Johannesburg

 

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