Tuesday, July 17, 2012

MINEWEB.COM'S TOP STORIES: Newmont Waihi NZ gold miners reported safe and well after fire

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Tuesday , 17 Jul 2012                                                     

Newmont Waihi NZ gold miners reported safe and well after fire

An early morning truck fire at the Trio underground mine at Newmont Waihi Gold operations sent 28 miners to await rescue in underground chambers.    Tuesday , 17 Jul 2012

High skilled labor turnover shrinks AuRico GEO production guidance

Since the first gold pour on April 30 until June 30, AuRico's newly commissioned Young-Davidson mine has produced 11,950 gold ounces.    Tuesday , 17 Jul 2012

Share premium for La Mancha, gold discount for Sawiris

La Mancha gets a sweet looking premium in all cash takeover, but then a nice looking discount on a per ounce gold basis goes to the buyer.    Tuesday , 17 Jul 2012

Platinum establishing a foothold in India's gold kingdom

Platinum jewellery outlets are banking on the steady fall in the demand for retail gold to push up their sales especially with the entrance of more Indian men into the market.    Monday , 16 Jul 2012

Eskom price hike to hit SA commodities hard

According to the Energy Intensive User Group, the proposed tariff increase by South Africa's power utility leaves no space for business to evolve and would make some business completely uncompetitive.    Tuesday , 17 Jul 2012

Wishbone Gold launches on AIM with two promising Australian prospects

A gold believer with a strong track record in the minerals sector, Richard Poulden has launched his new gold exploration and acquisition vehicle, Wishbone Gold, on London's AIM market.    Tuesday , 17 Jul 2012

Rubicon looks deep for more high-grade gold at Phoenix

Rubicon reports some notably high-grade gold intercepts at its Phoenix gold project in Canada's Red Lake district.    Monday , 16 Jul 2012

Wescoal share price jumps 20%

The announcement that it has secured mining rights for the Intibane Colliery that will add 4m tons to the company's resource base saw its share price jump.    Monday , 16 Jul 2012

Forget about finding 'easier' mining jurisdictions

African co-operation will scupper miners' plans to seek out accommodating regulatory environments.    Monday , 16 Jul 2012

Fortescue iron ore project costs surges to $9bn

The cost hikes stem from cyclone recovery expenses, design and scope changes on parts of the project and the need for more workers and housing as it looked to speed up its development.    Tuesday , 17 Jul 2012

Rio Tinto iron ore output flat year-on-year, sales lag

The miner's iron ore production was steady at 48.6 million tonnes in the June quarter, compared with 48.9 million tonnes a year earlier and 45.6 million tonnes in the first quarter.    Tuesday , 17 Jul 2012

Wildcat strike at Vale Canada construction project drags into 5th day

Strikers lined the road to the construction project in the province of Newfoundland and Labrador, ignoring calls from union representatives to return to work, Canadian media outlets said.    Tuesday , 17 Jul 2012

Mercuria appoints Wu to head China metals team

Swiss firm Mercuria has appointed James Jian Wu, formerly at rival Trafigura, as head of its new Chinese metals trading business based in Shanghai, industry sources say.    Tuesday , 17 Jul 2012

Copper gains on stimulus hopes ahead of Bernanke's testimony

With Ben Bernanke starting his report tonight, investors are cautiously optimistic of more quantitative easing and these sentiments are supporting base metal prices.    Tuesday , 17 Jul 2012

Novelis pulls out of can recycling JV with Alcoa

The two companies have been partners since 2009 in the Evermore joint venture, which purchases more recycled cans than any other group in the world.    Tuesday , 17 Jul 2012

Anti-uranium mining protestors breach BHP's Olympic Dam perimeter fence

In a third day of protests by anti-uranium mining activists, the perimeter fence around BHP Billiton's massive Olympic Dam mining complex in South Australia was breached as tensions rise.    Tuesday , 17 Jul 2012

What role should gold play in your portfolio?

Whatever view you take on gold, most financial commentators suggest it should occupy no more than 10% of your portfolio; and don't try to time its price movements.    Monday , 16 Jul 2012

Excellon may soon run out of ore at Mexican mill

The Canadian silver miner says it may soon run out of stockpiled ore at its Mexican mill in a few days as mining at its La Platosa silver mine in Mexico remains suspended.    Monday , 16 Jul 2012

Vale Beijing back in service after maiden accident

The iron ore carrier is back in service seven months after being damaged while loading its maiden cargo at the Brazilian port of Ponta da Madeira.    Monday , 16 Jul 2012

Finland's Olkiluoto 3 nuclear reactor delayed yet again

Power utility TVO has announced a new delay to the start of its Olkiluoto 3 nuclear reactor, saying it will not begin electricity production in 2014.    Monday , 16 Jul 2012

Yesterday's top story: Silver - a modest outlook at best

Silver prices are expected to break through $30/oz by year end, but are unlikely to remain above $32/oz for a sustained period says HSBC.    Monday , 16 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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