Tuesday, July 24, 2012

MINEWEB.COM'S TOP STORIES: SEC conflict minerals rule foot-dragging a nightmare-GAO

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TOP STORIES | Tuesday , 24 Jul 2012                                                     

SEC conflict minerals rule foot-dragging a nightmare-GAO

The longer the SEC delays adoption of a final conflict minerals rule, the worse the situation becomes for global manufacturers voluntarily trying to keep conflict minerals out of supply chains.    Tuesday , 24 Jul 2012

Indonesia minister says Freeport Indonesia considering partial IPO

Freeport Indonesia is considering what would be Indonesia's largest ever IPO, but steadfastly refuses to divest its majority ownership of the Grasberg operation, says Indonesia's coordinating minister for the economy.    Tuesday , 24 Jul 2012

Anglo American Platinum - 'Clearly a Bloodbath'

Amplats Financial Director reflects on an ugly set of interim results and the departure of the world's largest platinum miner's CEO.    Monday , 23 Jul 2012

How will gold and silver prices perform in a shrinking, debt-distressed world?

The general consensus is that gold (and silver) do particularly well in an inflationary environment, but how would they perform in periods of deflation. Julian Phillips examines the evidence.    Tuesday , 24 Jul 2012

Zimbabwe looking for mining aid and investment from Australia

Despite anti-foreign mining investment rhetoric from Zimbabwe's President Mugabe, the Prime Minister, Morgan Tsvangirai is in Australia seeking mining investment and expertise from Australian companies.    Tuesday , 24 Jul 2012

Peru's Humala shuffles Cabinet to calm anti-mining protests

President Ollanta Humala has reappointed Finance Minister Luis Miguel Castilla, a favorite of investors, and Mines Minister Jorge Merino, who oversees a $50 billion pipeline of investments.    Tuesday , 24 Jul 2012

Ausdrill gets big Mali gold mine contract from Resolute

In what it describes as the biggest single contract won by the Ausdrill Group, the Australian company has secured a $540 million mining services contract for the Syama gold mine in Mali.    Tuesday , 24 Jul 2012

Rescue chambers kept Waihi gold miners safe during mine fire

More details have emerged of the specially built underground refuges responsible for keeping safe the 28 Waihi gold miners trapped underground during a fire incident last week.    Monday , 23 Jul 2012

Commodities bull Mills particularly likes prospects for gold, silver and uranium

Equity valuations have so far failed to keep pace with rising bullion prices, but that makes for some outstanding investor opportunities among a few particularly well-positioned juniors. Rick Mills is interviewed by The Gold Report.    Monday , 23 Jul 2012

Long summer of budget restraint ahead for gold and base metals explorers

What are described as' Very challenging equity financing conditions' are affecting global mineral exploration activity according to MEG's latest Pipeline Activity Index. Gold sector particularly badly hit.    Monday , 23 Jul 2012

Minimizing risk in junior gold stock investment

Joe Mazumdar* of Haywood Securities explains why some juniors are positioned to do better than some majors in the current geopolitical climate and he counsels pragmatism: Gold Report interview.    Monday , 23 Jul 2012

Vale CFO to leave, replaced by Siani

Tito Martins, who has been with the iron ore miner since 1985 has left to pursue other business interests and will be replaced by Luciano Siani    Tuesday , 24 Jul 2012

Aditya Birla sweetens Australia Northern Iron offer 4% to $532m

Two months after an earlier bid was rebuffed, the Indian conglomerate has sweetened its offer for the Australian iron ore firm.    Tuesday , 24 Jul 2012

Armed robbery could affect near term production plans - Dynasty Metals & Mining

According to the Canadian miner, armed robbers made off with bars containing gold and silver from its Zaruma gold project in Ecuador.    Tuesday , 24 Jul 2012

Norsk Hydro to cut costs after Q2 core earnings drop

The company says the weak aluminium market has called for capacity adjustment and operational improvements after it posted a smaller-than-expected drop in Q2 core earnings on Tuesday.    Tuesday , 24 Jul 2012

Alba hires BNP Paribas for $2.5bn aluminium smelter expansion plan

Alba has said the new line, which will add 400,000 aluminium tonnes annual capacity to its current production of 881,000 tonnes a year, could be completed by early 2015.    Monday , 23 Jul 2012

South Africa's platinum mines face more labour strife

Industrial action in South Africa this year has often been caused by workers switching allegiance to AMCU from the NUM and then embarking on illegal strikes for better wages.    Monday , 23 Jul 2012

Colombia to offer gold, coal and copper rights next year

The country aims to draw more spending from investors such as Brazilian billionaire Eike Batista with auctions that may lead to producing mines by 2020, Mines and Energy Minister Mauricio Cardenas says.    Monday , 23 Jul 2012

Philippines' Aquino asks Congress to support his proposed mining tax overhaul

Congress needs to approve Aquino's proposal to review mining revenues, possibly thorugh the imposition of a 5-7 percent royalty on all mine ventures, before Manila resumes granting permits for new projects.    Monday , 23 Jul 2012

Criminal charges against, and arrests of, Libor rate riggers may be imminent

Federal prosecutors in Washington have contacted lawyers representing some of the suspects to notify them that criminal charges and arrests could be imminent, people familiar with the investigation into the Libor rigging scandal say.    Monday , 23 Jul 2012

Qatar adds to Xstrata stake in weak market

Qatar Holding spent just under $7.8 million to buy an extra 590,390 shares on Friday at 8.47 pounds each, according to a regulatory filing on Monday, taking its stake to 10.997% of the miner.    Monday , 23 Jul 2012

African Barrick Gold maintains 2012 targets despite quarterly drop

Mining higher grades as the year goes on will help the Tanzania-focused gold miner meet its FY production guidance, it said, as well as keeping its costs for the year within its target range.    Monday , 23 Jul 2012

Yesterday's top story: 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

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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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


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Jan Chadwick, International
Wendy Hora, Australasia

 

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