Tuesday, July 31, 2012

MINEWEB.COM'S TOP STORIES: Hecla offers U.S. Silver a financially stronger future - Baker

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FEATURED PODCAST                                                     

The bottom is probably in for silver - Morgan

Morgan Report author, David Morgan says, at the moment, investment demand is the driving factor of both gold and silver.
 

TOP STORIES | Tuesday , 31 Jul 2012                                                     

Hecla offers U.S. Silver a financially stronger future - Baker

While Hecla Mining CEO Phil Baker praises U.S. Silver and RX Gold and Silver, he says RX Gold lacks the financial strength to help U.S. Silver realize its full potential.    Tuesday , 31 Jul 2012

Grupo Mexico 2Q profit drops 5% despite higher production

Markets will be more focused on the global economy and the U.S. presidential election than on copper fundamentals, Grupo Mexico cautions.    Tuesday , 31 Jul 2012

GoldQuest bests gold-copper discovery drillhole with 258 Metres @ 4.5 g/t Au

GoldQuest continues to hit high grade gold in the Dominican Republic near its Romero discovery drillhole.    Monday , 30 Jul 2012

SA platinum junior pleads for state intervention

A platinum Mandela Rand and Reserve Bank holding some of the recommendations in an open letter to the South African government written by Platfields CEO, Bongani Mbindwane.    Monday , 30 Jul 2012

Unigold jumps on more Dominican Republic drilling

Unigold turns out a long, high grade intercept giving it a shareprice boost.    Monday , 30 Jul 2012

Gold, the markets, and impaired thinking

Frank Holmes looks at three oft-discussed points in the market (inflation, tech and Warren Buffet) and challenges some assumptions about them in relation to gold.    Tuesday , 31 Jul 2012

India's US gem and jewellery exports swell

Growth in gems and jewellery from India jumped in June both in the US and emerging markets.    Monday , 30 Jul 2012

Xstrata to boost Australian copper, iron ore mining

The transnational miner said its new Mount Margaret mine will help it increase copper production in Australia by 140,000 tonnes over the next five years.    Tuesday , 31 Jul 2012

Polymetal Q2 revenue rises 19% year-on-year

The Russian precious metals miner posted $376 million in Q2 revenue, up 19% year-on-year boosted by strong gold and silver production.    Tuesday , 31 Jul 2012

ENRC pays $101.5m to secure licence for Congo mine

The new licence, which will include not only the area previously granted to First Quantum Minerals but also adjacent areas, is expected in the coming weeks.    Tuesday , 31 Jul 2012

Higher copper sales lift Inmet Mining's Q2 profit

The miner holds an 80% stake in the massive Cobre Panama copper-gold project in Central America, with the remaining interest owned by a Korean consortium.    Tuesday , 31 Jul 2012

China mulls tax rebate to aid struggling steelmakers

The Ministry of Industry and Information Technology is reportedly considering a plan under which selected steelmakers that sell high-end steel products to exporters would be exempt from the 17% VAT.    Tuesday , 31 Jul 2012

Eramet shares slide as H1 profits drop

The French mining and metals group says it plans to invest more selectively in coming years in view of the uncertain global economic outlook.    Tuesday , 31 Jul 2012

Gryphon Gold CFO steps down

Robert Chapman, CFO at the miner since February when former CFO James O'Neil took over as CEO, has stepped down for personal reasons.    Tuesday , 31 Jul 2012

Rio Tinto pays $935m to hold onto 51% stake in Ivanhoe

The global mining giant said Monday it had paid about $935 million for 133.6 million shares of Ivanhoe Mines, maintaining its 51% ownership in the TSX-listed company.    Monday , 30 Jul 2012

Banro restarts Twangiza gold ball mill

According to the gold miner, the ball mill at the DRC mine has been restarted after a delay of almost a month.    Monday , 30 Jul 2012

Norilsk Nickel head of sales resigns to "focus on his own project"

Viktor Sprogis, a high-profile figure particularly in the palladium market, has quit his post at Norilsk Nickel after an 11-year stint to "focus on his own project", the company says.    Monday , 30 Jul 2012

Chile's June copper output rises 5.6% to 452,690T

Copper output slipped 1.2% compared with May, when the world's No. 1 copper producer churned out 458,640 tonnes of the red metal.    Monday , 30 Jul 2012

London Mining to receive $110m cash injection from BlackRock

The BlackRock World Mining Trust will pay London Mining a sum of $110 million for a 2% royalty on iron ore sales from the Marampa project in Sierra Leone.    Monday , 30 Jul 2012

Jiangxi Copper plans to boost smelting capacity

The project, operated by Zhejiang Heding Copper, aims to build operations with a smelting capacity of 200,000 t/y and able to produce 370,000 tonnes of refined copper cathode.    Monday , 30 Jul 2012

AngloGold halts Savuka ops after fatality

The gold miner has halted works at its Savuka mine in South Africa after the body of a worker was found in a gully on Saturday morning.    Monday , 30 Jul 2012

Yesterday's top story: Surviving the great bust ahead - cash is King, gold may yet have another run but...

With a perfect storm brewing on the horizon, investors should be building their cash cache and running for cover, warns Harry Dent*. Gold may peak at only $2000 and then fall,. Interview with The Gold Report.    Sunday , 29 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
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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