Wednesday, July 18, 2012

MINEWEB.COM'S TOP STORIES: SEC charges family in $11 billion Ohio gravel-pit/gold mining scam

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Wednesday , 18 Jul 2012                                                     

SEC charges family in $11 billion Ohio gravel-pit/gold mining scam

The SEC claims father Harry Dean Proudfoot III, his son Matthew Dale Proudfoot and daughter Laurie Anne Vrvilo used 3 Eagles Research & Development "as if it was their own personal piggy bank".    Wednesday , 18 Jul 2012

Swansong of a sunset industry or the rise of an SA gold mid-tier?

Just like the landscape of Johannesburg, South Africa's gold mining sector is undergoing a dramatic change, the question is: what will it end up looking like?    Tuesday , 17 Jul 2012

Silver equivalent output drop won't derail Hochschild 2012 guidance

In spite of regulatory changes resulting in a significant build-up in inventory at the San Jose mine in Argentina, Hochschild says concentrate exports have resumed.    Wednesday , 18 Jul 2012

Looming copper glut slips as mining fails to keep up

Analysts are revising their predictions for the first copper glut in four years as mining companies struggle to keep up because of aging mines, new deposits that are getting harder to find as well as increasing wage costs.    Wednesday , 18 Jul 2012

DRDGold - mining where the sun shines

DRDGold CEO, Niel Pretorius says the group is very happy to focus on its tailings retreatment operations above ground, away from the risks of underground mining.    Tuesday , 17 Jul 2012

Flagging flagship ore grades thump Fresnillo Plc 1H silver output

Despite a decline in quarterly and first-half silver production, Fresnillo Plc insists it remains on track to achieve its 2012 silver production target of 41 million ounces.    Wednesday , 18 Jul 2012

Goldquest climbs in anticipation of Caribbean gold-copper exploration

Following a gold-copper discovery, Goldquest has gained momentum on the markets, attracting consistent volume and gains ahead of drilling results from the Dominican Republic.    Tuesday , 17 Jul 2012

Carpathian doubles gold-copper resource bound for Rovina prefeasibilty study

Carpathian Gold outlined upgraded and expanded resources that pave the way to a prefeasibility study on the Rovina Valley project in Romania.    Tuesday , 17 Jul 2012

Australian iron ore output to rise 5% in 2013 despite China risks - BHP

The transnational miner posted a 15% rise in iron ore output for the quarter to 40.9m tonnes and said it will lift production from its Australian operations by 5% next year.    Wednesday , 18 Jul 2012

Peru's Humala sounds out replacements for Prime Minister

Critics have blamed current Prime Minister Oscar Valdes for a crackdown on protesters opposed to Newmont Mining's $5 billion Conga project that killed five people this month.    Wednesday , 18 Jul 2012

Bolivia to seek new partner after Jindal quits project

Head of state mining firm Comibol says the government will launch a new bidding round for the El Mutun steel plant before the end of the year and hopes to fulfill the original target to start producing steel by 2014.    Wednesday , 18 Jul 2012

CME Group to offer clearing for London OTC silver

According to the US exchange, it will offer clearing services for OTC London silver forward contracts as part of an attempt to grow its precious metals operations.    Wednesday , 18 Jul 2012

Fortescue looking for more than iron ore in South Australia

Fortescue's quest to become a diversified miner rather than just an iron ore producer is leading to exploration for gold and base metals in South Australia and coal prospects elsewhere.    Wednesday , 18 Jul 2012

AuRico Gold CEO steps down

The gold miner said its CEO, René Marion, has resigned for health reasons and will be replaced by Scott Perry.    Wednesday , 18 Jul 2012

KGHM explores Kazakhstan to boost copper output

The Polish miner is exploring copper deposits in Kazakhstan, adding that the resource-rich country has become more attractive since signing a co-operation deal with Germany.    Tuesday , 17 Jul 2012

Goldman Sachs Q2 commodities risk down 23%

The investment bank's commodities VaR for the second quarter was also down by nearly half from the $39 million averaged in the second quarter of 2011.    Tuesday , 17 Jul 2012

First Quantum halts operations at Mauritania mine

The company has suspended works at its Guelb Moghrein copper mine after some of its unionized workers went on an illegal strike.    Tuesday , 17 Jul 2012

ArcelorMittal agrees temporary pay deal with Kazakh workers

The steelmaker's Kazakh unit has temporarily agreed a pay deal with plant workers to avoid a threatened strike and will return to the negotiating table in October.    Tuesday , 17 Jul 2012

Yesterday's top story: 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

PODCASTS / RADIO                                                     

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.

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.

 

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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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