Thursday, July 19, 2012

MINEWEB.COM'S TOP STORIES: Vale hits lifetime 5bn metric ton mark for iron ore production

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TOP STORIES | Thursday , 19 Jul 2012                                                     

Vale hits lifetime 5bn metric ton mark for iron ore production

World's No.1 iron ore miner, Vale, achieved records for iron ore, met coal, pellet and phosphate rock production during the second-quarter 2012.    Thursday , 19 Jul 2012

New gold finds not keeping up with resource depletion

Latest research from Canada's Metals Economics Group shows that the rate of depletion of global gold resources, substantially exceeds that of resource generation through new discoveries.    Wednesday , 18 Jul 2012

Ron Paul Bill to audit Fed coming up - U.S. gold reserve audit too?

According to U.S. Rep Ron Paul, his bill to audit the U.S. Fed will come before Congress this month raising yet again underlying concerns about U.S. Fed policies and the status of the country's massive gold reserves.    Wednesday , 18 Jul 2012

Trio of gold juniors flying high on long, high-grade gold intercepts

Drilling results from three separate gold projects rolled in Wednesday morning, catapulting the share prices of their respective junior owners.    Wednesday , 18 Jul 2012

Faith in gold as the ultimate money - Jay Taylor

Calling gold the ultimate money, Jay Taylor* watches the real price of gold with a gimlet eye. On investment he currently pays particular attention to gold producers. Interview with the Gold Report.    Thursday , 19 Jul 2012

Navigating the vanadium market: sex appeal vs. lasting attraction

Vanadium is finding a new niche in storing and distributing electrical energy through the use of vanadium flow batteries, having previously been used almost entirely in steelmaking.    Thursday , 19 Jul 2012

Continuing commodities super cycle not all about China any more

Analysts feel the commodities super cycle is not behind us, but global population growth will see the centre move from China to other areas of the developing world.    Wednesday , 18 Jul 2012

Shipwreck yields $38m in silver bullion so far as recovery continues

With only 20% of the silver bullion cargo recovered so far, the wreck of a British merchant ship torpedoed by a German U-boat in World War II may set precious metal recovery records.    Thursday , 19 Jul 2012

Anglo American Platinum warns of 78% drop in H1 earnings

Amplats warned Wednesday its headline earnings for the six months of the year will fall by as much as 78%, hit by lower platinum sales and prices.    Thursday , 19 Jul 2012

New Gold reports 30% resource hike at Blackwater project

The miner said Wednesday its measured and indicated gold resources for the Blackwater project in central BC rose 30% to 7.1 million gold ounces.    Thursday , 19 Jul 2012

Aus uranium developer reckons analysts over-optimistic on production

CEO of Toro Energy, which is developing the Wiluna uranium project in Western Australia, reckons analysts have been under estimating likely timelines for new global uranium production.    Thursday , 19 Jul 2012

Tea compound +radioactive gold nanoparticles = prostate cancer treatment

The use of gold in medicine and medical procedures could get a boost with the news that researchers at the University of Missouri have successfully tested the use of radioactive gold nanoparticles in prostate cancer treatment.    Thursday , 19 Jul 2012

China to expand precious metals trading to interbank market

Citing a person involved with the matter, the Wall Street Journal says the Shanghai Gold Exchange has released draft rules for such interbank trading, which will include spot, forward and swap contracts for precious metals.    Thursday , 19 Jul 2012

Argentine court puts brakes on Osisko gold project

Authorities in La Rioja, supported by environmental activists and residents, had asked a judge to halt Osisko Mining's exploration project in the town of Famatina, which has triggered protests locally.    Thursday , 19 Jul 2012

Rusoro seeks arbitration against Venezuela nationalisation

The Russian miner is the latest firm to file arbitration against Venezuela at a World Bank tribunal, saying President Hugo Chavez's takeover of the gold industry last year caused it a significant loss.    Wednesday , 18 Jul 2012

Gold Sudan's last hope to avoid economic collapse

Sudan sits on what could be Africa's largest gold reserves and the government has handed out exploration contracts to more than 600 mining firms to search for gold and other minerals.    Wednesday , 18 Jul 2012

Nigerian court rules smelter was wrongfully sold to RUSAL

The country's supreme court ruled last week that the ALSCON smelter should have been sold to a U.S.-based firm, not to RUSAL, but RUSAL said it remained the owner.    Wednesday , 18 Jul 2012

Politics, Keynes and reasons to hold gold

Despite once again, failing to break above the 50 day moving average, David Levenstein believes the global economic situation means it is important to hold gold.    Wednesday , 18 Jul 2012

DRC unrest threatens push to curb conflict minerals trade

United Nations investigators have said that rebel groups and rogue elements in the army have smuggled minerals abroad, circumventing government mining and export bans on metals.    Wednesday , 18 Jul 2012

Nord Gold to buy out High River minorities

Nord Gold says it has lock-up agreements with a number of "substantial" High River minority shareholders, under which the shareholders have accepted the paper offer.    Wednesday , 18 Jul 2012

Russia's Evraz halts operations at South African mill

The steelmaker says the strike at its Highveld steel and vanadium asset, which represents less than 1% of its consolidated core earnings, will not affect its financial results.    Wednesday , 18 Jul 2012

Is it time for big miners to go contrarian on commodity supply?

Reuters market analyst Clyde Russell asks whether now is the time for big miners to engage in contrarian thinking about their businesses and row back substantially from their huge expansion plans.    Wednesday , 18 Jul 2012

Kalahari wants to settle row by buying out ArcelorMittal SA

South African daily newspaper Business Day reported Wednesday that Kalahari Resources is looking to buy steelmaker ArcelorMittal SA out of the R6‚5bn manganese project in which they are both shareholders.    Wednesday , 18 Jul 2012

Yesterday's top story: 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

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.

 

Champion Minerals Announces an Agreement with the Port of Sept-Îles

Toronto (Canada), July 18, 2012 - CHAMPION MINERALS INC. (TSX: CHM; OTCQX:CPMNF; FSE: P02) ("Champion" or the "Company") is pleased to announce that it has signed a long-term agreement (the "Port Agreement") with the Sept-Îles Port Authority related to its planned 50 million tonne per year multi-user port facilities.  The Port Agreement has an initial term of 20 years, renewable for up to four additional 5-year terms.

The Sept-Îles Port Authority has committed to complete its planned port facilities by March 31st 2014, which is approximately eighteen months ahead of the planned production start-up date for Champion's wholly-owned Fire Lake North Project. This agreement guarantees Champion ship-loading capacity at the Port of Sept-Iles for a minimum of 10 million tonnes of iron concentrate per year at preferential rates, using two ship loaders, each with a capacity of 8000 tonnes per hour. The Port Agreement also provides an opportunity to expand Champion's reserved annual tonnage in the event of potential future expansions of iron concentrate production from Fire Lake North.

For full release, click here... 

 

 

 

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
MINExpo 2012
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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