Monday, July 23, 2012

MINEWEB.COM'S TOP STORIES: Mining boom to peak, slowdown ahead-Deloitte Access

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TOP STORIES | Monday , 23 Jul 2012                                                     

Mining boom to peak, slowdown ahead-Deloitte Access

Some planned mega-mining projects are at risk of being shelved due to a slowdown in Chinese metals/minerals demand, rising costs, and Australian politics, warns Deloitte Access Economics.    Monday , 23 Jul 2012

Indians should reduce gold tributes to God - RBI Deputy Governor

In order to keep gold prices under check, the practice of giving gold as dowry or as an offering at religious places must be curbed, as should gold jewellery purchases, suggests a senior official at India's central bank.    Monday , 23 Jul 2012

CFTC's Chilton sees silver probe concluding as early as Sept.

Bart Chilton of the U.S. Commodity Futures Trading Commission, is hopeful the four-year probe of potential price manipulation in the silver market may be completed in September or October this year.    Monday , 23 Jul 2012

Why Vale's massive Rio Colorado potash project isn't bad news for Brazilian projects

According to Mackie Research analyst Jaret Anderson there is plenty of room for additional potash projects in Brazil despite the huge size of Vale's Rio Colorado project.    Monday , 23 Jul 2012

Kumba and ArcelorMittal SA fall out again over Phoenix iron ore project

Project Phoenix dispute to proceed to arbitration as mediation discussions between Kumba and the South African arm of ArcelorMittal over iron ore supply have been unable to be resolved.    Monday , 23 Jul 2012

Gold junior to pay $2mn fine, given 90 days to stop historic pollution

Atlanta Gold's efforts to clean up polluted discharges from an old adit on land it doesn't own generated a lengthy and costly legal battle such that it now has to pay a $2 million fine and has just 90 days to fix the problem.    Monday , 23 Jul 2012

Amplats to cut FY platinum production and capex targets

The world's largest platinum miner had already flagged the fact that its first-half earnings would fall sharply as it grapples with soaring costs and other challenges and moves to control escalating costs.    Monday , 23 Jul 2012

Probe panel says Fukushima reactors unready for natural disaster

A government-appointed panel said there was no proof the earthquake was a key factor in the disaster but added that some impact could not be ruled out, contradicting Tepco's findings, which put the blame solely on the tsunami.    Monday , 23 Jul 2012

Morgan Stanley, Qatar in "advanced" talks over commodities trading stake - CNBC

According to a CNBC report, a deal to sell an interest in its commodities trading division between Morgan Stanley and Qatar's Sovereign Wealth Fund may be imminent.    Monday , 23 Jul 2012

Gold edges lower on heightened Spain worries

The gold price edged lower early Monday as worries about the euro zone debt crisis deepened after Spain stoked fears that it might need a sovereign bailout.    Monday , 23 Jul 2012

China's big Australian iron ore project costs escalate massively to $8 billion

CITIC's Sino Mining magnetite iron ore project build cost in Australia's Pilbara are now put at a massive $8 billion - up from only $1.75 billion when the project was entered into in 2007.    Monday , 23 Jul 2012

Ron Paul's 'audit the Fed' bill coming up Tuesday

Ron Paul's bill before Congress to audit the U.S. Fed is due to come up on Tuesday and is expected to pass, but seen as unlikely to gain subsequent U.S. Senate approval.    Saturday , 21 Jul 2012

Anti-exploration NIMBYs win in Whitehorse, but elsewhere perhaps not so

Mineral explorers in urban areas come up against NIMBY (Not In My Back Yard) opposition as the will of mineral explorers meets with the will of the public, but economic necessity is turning the tables in some areas of the world.    Friday , 20 Jul 2012

Gold and silver markets extremely tight. Tipping point close

The balance between whether gold and silver's next moves are up or down is extremely tight. Poor Monsoon rains in India may be a negative factor although still time for things to improve there.    Friday , 20 Jul 2012

Are your gold and silver bullion and ETF investments as safe as you think?

Are your investments in gold and silver ETFs or in gold and silver bullion safe? The former can still be subject to counterparty risk and others could also have title to the latter. Investor beware.    Friday , 20 Jul 2012

Orkla to shut more European aluminium plants

Acting Chief Executive Aage Korsvold, appointed earlier this year to speed up disposals said most should happen this year, apart from aluminium unit Sapa.    Friday , 20 Jul 2012

Anglo American Q2 iron ore, copper rise on mine ramp ups

Iron ore was up 12% at 12.9 million tonnes, due to the ramp up of Kumba's Kolomela mine in South Africa and improvements at its Amapa operation in Brazil, while copper was helped by Chile's Los Bronces mine.    Friday , 20 Jul 2012

Weekend top story: The need to make gold acceptable to the world's powers that be

If gold is to play a part in any future financial system it has to become acceptable to governments, central banks and commercial banks alike. This process appears already to be under way.    Thursday , 19 Jul 2012

PODCASTS / RADIO                                                     

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.

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.


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CONFERENCES

Denver Gold Forum 2012
Date: 09 September 2012 - 12 September 2012
Venue: Hyatt Regency, Denver, CO, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More
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Date: 24 September 2012 - 26 September 2012
Venue: Las Vegas Convention Center, Las Vegas, USA
The World's largest exposition of mining equipment and services attracting over 35,000 visitors. Mineweb will be exhibiting. There is an associated conference program. visit MINEWEB at Booth number 1967 Read More
Mines & Money London 2012
Date: 04 December 2012 - 05 December 2012
Venue: Business Design Centre, Islington, London
Major investment in mining conference - London's largest such event. Mineweb will be in full attendance. Read More

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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