Wednesday, July 25, 2012

MINEWEB.COM'S TOP STORIES: South Africa's platinum pain deepens

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Wednesday , 25 Jul 2012                                                     

South Africa's platinum pain deepens

Platinum crisis looming as more than half of South Africa's platinum mines are underwater or marginal at current platinum prices.    Wednesday , 25 Jul 2012

Surprising that gold's safe haven appeal not more attractive - but this will change

This year, next year, sometime - but definitely not never - gold will have its day as exponential growth in sovereign debt looks like bringing the global economy to its knees.    Wednesday , 25 Jul 2012

Peru's mining ministry reports silver, gold, copper production up

Lead and molybdenum production increased substantially in the first five months of this year as iron ore and tungsten production plummeted, Peru's Ministry of Energy and Mining reports.    Wednesday , 25 Jul 2012

Indonesian power supply woes could derail domestic smelting plans

Indonesia's ambitions to develop a domestic downstream mineral products industry by 2014 may be short-circuited by the nation's longtime, chronic power supply shortages.    Wednesday , 25 Jul 2012

Western Australia bans coal exploration and mining in key wine producing area

The WA Government has moved to stop coal mining exploration, and possible subsequent coal mining operations in the Margaret River area to protect its unique, tourist and agricultural characteristics.    Wednesday , 25 Jul 2012

Greek court allows Eldorado to proceed with gold mine project

Earlier this month, Greece's highest administrative court issued a provisional order suspending tree-cutting at Eldorado Gold's mining project in Halkidiki, north of the country.    Tuesday , 24 Jul 2012

Australia's drillers going to Africa as Gillard policies "kill" domestic mining

Australia's exploration drilling teams are moving to Africa where work is more plentiful according to drilling company XDR which reckons government policies are accelerating a decline in the local mining sector.    Wednesday , 25 Jul 2012

LME shareholders to vote Wednesday on takeover

Shareholders in the 135-year-old exchange will decide today whether to accept a $2.2 billion offer by the Hong Kong Exchanges and Clearing that the LME board endorsed last month.    Wednesday , 25 Jul 2012

Rio Tinto Alcan reaches labor pact with Kitimat workers

Without revealing details of the agreement, Alcan's chief operating officer Etienne Jacques says the pact reflects its long-term strategy and commitment to British Columbia.    Wednesday , 25 Jul 2012

Alacer Gold Q2 production falls 5% on weak Australia mines

The Canadian miner has, however, reaffirmed its 2012 gold production guidance of between 435,000 and 450,000 gold ounces.    Wednesday , 25 Jul 2012

Qatar again raises stake in takeover target Xstrata

Qatar Holding has again bought shares in miner Xstrata for the second day in a row, taking its holding to over 11%, and raising the stakes in its standoff with suitor Glencore.    Wednesday , 25 Jul 2012

ArcelorMittal SA H1 earnings hit by lower prices, demand

The steelmaker posted an 84% decline in its first-half earnings on Wednesday and expects a further reduction in the third quarter.    Wednesday , 25 Jul 2012

Global coal output to shrink as mining margins retreat

Analysts and industry executives expect global coal output to shrink over the next year or two as miners grapple with a combination of low prices, weak demand and cost and currency headwinds.    Wednesday , 25 Jul 2012

Aperam confident of final quarter pick-up in steel prices

The company reported a fourth consecutive quarterly net loss on Tuesday and second-quarter core profit in line with that of the first three months, as it had forecast.    Wednesday , 25 Jul 2012

CFTC grants CME members 60-day extension for new margin rules

Members of the Chicago-based U.S. commodity and futures exchange now have until Oct. 4 to implement the rules required under new federal legislation, spokesman Damon Leavell said.    Tuesday , 24 Jul 2012

CalPERS has yet to make any money in commodities: John Kemp

Nearly five years after it began investing in commodities, the fund has yet to make any money, highlighting the challenges the volatile environment poses for even the largest and most sophisticated institutions.    Tuesday , 24 Jul 2012

Anglo American boosts coal business with Mozambique buy

The global miner is set to buy a 58.9% stake in the Revuboe metallurgical coal project for A$540 million from Talbot Group, boosting its presence in a key region for the steelmaking commodity.    Tuesday , 24 Jul 2012

South African union declares wage dispute at BHP mine

Dominant South African workers union NUM has declared a dispute with the group's Hotazel manganese mines and the issue had been referred to a government mediator to avert a strike.    Tuesday , 24 Jul 2012

Two court decisions, DRC's Gecamines to get $269 million due to it

Gecamines, which sits on the world's biggest deposits of cobalt, is trying to increase production after decades of dictatorship and war left its infrastructure destroyed and cash reserves depleted.    Tuesday , 24 Jul 2012

Yesterday's top story: 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

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


Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Johannesburg

 

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