Friday, July 6, 2012

MINEWEB.COM'S TOP STORIES: Chinese government speeds up heavy rare earth stockpiling

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TOP STORIES | Friday , 06 Jul 2012                                                     

Chinese government speeds up heavy rare earth stockpiling

The Chinese government may be well along in the stockpiling of heavy rare earth oxides, guaranteeing interest-free loans, and identifying 11 rare earth mining zones for stockpiling.    Friday , 06 Jul 2012

High levels of gold price volatility likely for foreseeable future - Scotia Capital

As gold prices and equities undergo the usual summer doldrums, Scotia Capital analysts predict "a seasonally stronger period for gold equities" and higher gold price volatility ahead.    Friday , 06 Jul 2012

Mount Kellett says no to Baja bridge financing

Baja Mining's largest shareholder Mount Kellett said it would take part in funding Baja's shorterm cash gap but keeps other financing options open.    Thursday , 05 Jul 2012

Don't expect the gap between bullion and gold equities to close soon

The current dislocation between gold equities and bullion has been heavily debated but, is it temporary or indicative of a fundamental change?    Thursday , 05 Jul 2012

Semafo holds steady on production guidance

Without better than expected production at its lesser mines, the quarter would have been disappointing for Semafo.    Thursday , 05 Jul 2012

Guatemala still planning to present mining law changes

Despite objections by the mining industry that the proposals in their current form are could stifle investment, Guatemala's government says it will move forward with the proposal.    Friday , 06 Jul 2012

South Africa keeps miners in the dark on nationalisation

A major conference held last week by the ANC was supposed to lay to rest the issue of mine nationalisation but left almost everything up in the air, with many concerned the state might still want more out of mines.    Friday , 06 Jul 2012

Peruvian lawmakers criticize Humala over deadly protests

Both left-wing and right-wing lawmakers say the president has put the interests of global miners ahead of those of locals to ensure that $50 billion in planned mining projects get built.    Friday , 06 Jul 2012

Osisko Mining doubles quarterly gold output

Gold output from its only producing mine, Canadian Malartic in Quebec, rose to 92,003 ounces during the April-June quarter.    Friday , 06 Jul 2012

CaNickel suspends Manitoba mine works; CEO resigns

CaNickel CEO, Dianmin Chen has resigned for personal reasons the group said, after announcing it will close its Bucko Lake mine in Manitoba due to low nickel prices.    Friday , 06 Jul 2012

Australia's tax policies worry AngloGold more than nationalisation

CEO Mark Cutifani says he sees Australia's tax policies as more of a threat than calls within South Africa's ruling ANC party to nationalise mines and impose more duties.    Thursday , 05 Jul 2012

Qatar sticks to its guns on Glencore/Xstrata deal

Qatar, whose sovereign wealth fund has built an 11% stake in Xstrata since the planned takeover was announced in February, is demanding an improved deal for every share held in the miner.    Thursday , 05 Jul 2012

German cartel office slaps $155.8m fine on steelmakers

The regulator said on Thursday it was still investigating another company, after fining ThyssenKrupp, Vossloh and two units of Voestalpine for price-fixing.    Thursday , 05 Jul 2012

Lonmin reviewing closely watched spending plans

The platinum miner says it is reviewing its closely watched spending plans, in the latest evidence that short-term pressures on the industry are hurting companies' efforts to secure future production.    Thursday , 05 Jul 2012

Eramet to raise nickel output at New Caledonia plant

The figure should rise to 65,000 tonnes by 2015, after a final investment decision on a second phase investment is made in 2013, CEO Patrick Buffet said at a briefing in Tokyo.    Thursday , 05 Jul 2012

Vale ships 300,000 T of iron ore pellets to India

A senior company official, who did not want to be named, said Thursday the miner shipped about 300,000 tonnes of iron ore pellets to major Indian steel makers so far in 2012.    Thursday , 05 Jul 2012

Yesterday's top story: Gold investors putting their eggs in the QE basket

Commentators on the gold market are increasingly looking to QE3 as the likely catalyst for gold's next up leg, what happens if it doesn't come?    Wednesday , 04 Jul 2012

PODCASTS / RADIO                                                     

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.

Long term gold investors and the current strength in gold ETCs

Nicholas Brooks, head of research and investment strategy at ETF Securities explains the recent strong moves seen in gold exchange traded commodities.

Mine closures, platinum's price floor and slowing demand - Jollie

Mitsui and Co Precious Metal's David Jollie looks at the current state of the platinum sector and where it is likely heading.

 

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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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