Friday, August 31, 2012

MINEWEB.COM'S TOP STORIES: Global copper inventories to decline substantially this year-Pat Mohr

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TOP STORIES | Friday , 31 Aug 2012                                                     

Global copper inventories to decline substantially this year-Pat Mohr

Capital cost escalation in an uncertain economic environment has triggered delays in new mine development, setting the stage for a tighter mid-decade supply, predicts Scotiabank economic Patricia Mohr.    Friday , 31 Aug 2012

S&P bullish on Peruvian mining investment, despite Conga setback

If the majority of Peru's announced copper mining projects come to fruition, Standard & Poor's predicts the nation's copper exports will triple in four years.    Friday , 31 Aug 2012

Rainy River surprises with new capex plan on 4 million ounce gold project

Rainy River Resources' president and CEO had speculated capital costs might escalate to C$800 million at its flagship gold project in Canada. They didn't.    Thursday , 30 Aug 2012

AMCU boycotts Lonmin peace accord talks

Speaking after the meeting adjourned on Thursday, its president Joseph Mathunjwa said he felt as if AMCU had been sidelined in the talks and it would no longer be no part of them going forward.    Friday , 31 Aug 2012

SE Asia zinc premiums triple as financing demand picks up

Traders say a change this month in zinc's forward curve structure to a contango, where spot material costs less than for delivery further forward, has raised the allure of using the metal for financing.    Friday , 31 Aug 2012

Glencore mine deaths give Xstrata holders extra ratio to think about

Xstrata shareholders voting next week on Glencore's proposed takeover offer have to also consider the fact that the commodities trader boasts the highest employee fatality rate among its closest peers.    Friday , 31 Aug 2012

Keeping low "profile" helps Hudbay gain Peru project approval

Hudbay Minerals president David Garofalo reckons the company's low profile allowed it to win the support of locals needed to start building its Constancia copper mine in Peru.    Friday , 31 Aug 2012

Strike threatened across Queensland coal mines

An Australian mining union has threatened strike action across the whole of the massive Queensland coal fields in Australia should the state government move to weaken coal mine safety regulations.    Friday , 31 Aug 2012

Lonmin's Marikana miners charged with murder

A commission of inquiry will investigate police actions.    Thursday , 30 Aug 2012

Iron ore sees worst month since October

Iron ore has been hardest hit among industrial commodities by China's slowdown, losing 36% this year, as declining steel prices curbed demand.    Friday , 31 Aug 2012

African Barrick Gold sale would attract capital gains tax - Tanzania

Should a sale go through, African Barrick Gold will be required to submit all the details of the transaction to determine the amount of capital gains to be paid, says the Tanzania Revenue Authority.    Thursday , 30 Aug 2012

Burkina Faso considers 20% tax on mine transfers

A source in the mining ministry confirmed the proposed new tax to Reuters and said it was meant to cool speculation on mining rights, or the "flipping" of mining titles for a fast profit.    Thursday , 30 Aug 2012

Gabon may not award Belinga concession before 2014

China's CMEC, which secured rights to Belinga with a 2007 deal, lost the concession following concerns about the environmental impact of the project and whether it will be able to deliver.    Thursday , 30 Aug 2012

Yesterday's top story: How big is gold's QE premium?

What will happen to gold post Jackson Hole is the question on many commentators' lips at the moment, here are a few scenarios.    Thursday , 30 Aug 2012

PODCASTS / RADIO                                                     

Gold, China and the commodities super cycle - Jim Rogers

"The Chinese will buy a lot more gold over the next decade"

The current state of platinum's supply demand balance - CPM Group

The CPM Group's Erica Rannestad looks at the supply demand balance for platinum in light of the supply issues in SA and the continuing slowdown in Europe.

Marikana, Implats and the struggles facing SA's platinum sector - Terence Goodlace

The days of South Africa producing 5m ounces of platinum are over for the short to medium term, the new CEO at Impala Platinum says.

Serious issues afflicting the industry as a whole - RBPlat CEO

Royal Bafokeng Platinum CEO Steve Phiri talks about the issues South African platinum producers face and the need for leaders to be proactive.

 

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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
2012 Chicago Hard Assets Investment Conference and Exhibition
Date: 21 September 2012 - 22 September 2012
Venue: McCormick Place Convention Center/McCormick Place Hyatt
The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. 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

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
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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Thursday, August 30, 2012

MINEWEB.COM'S TOP STORIES: Antofagasta reports 16.5% increase in 1H copper output

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These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis currently available.

 

 
 

TOP STORIES | Thursday , 30 Aug 2012                                                     

Antofagasta reports 16.5% increase in 1H copper output

Chilean copper miner Antofagasta's Board of Directors has authorized the payment of an ordinary 8.5 cents dividend payable on Oct. 4, 2012.    Thursday , 30 Aug 2012

19 dead, 28 trapped underground in China coal mine explosion

At least 36 miners have perished and 31 are missing in two separate explosions, occurring 16 days apart in two coal mines in China's Jilin and Sichuan provinces.    Thursday , 30 Aug 2012

SA platinum unrest worries Indian jewellers

Platinum jewellery retailers say Indian consumers can cushion a 3% jump in price, given the precious metal's demand in India, but above that, sales will be impacted.    Thursday , 30 Aug 2012

Analysts praise Aurcana's 115 million ounces silver

Aurcana got kudos from analysts on a new resource that shatters its old 4.2 million ounce silver resource at the La Negra mine in Mexico; but will it expand throughput?    Thursday , 30 Aug 2012

Gold smuggling raises its head again in India

Within a span of two months, India increased the import duty on gold almost four times this year, leading to increased smuggling of the precious metal, data shows.    Wednesday , 29 Aug 2012

Harmony's Golpu: More than one mine possible as gold, copper reserves jump

The results of pre-feasibility study released show significant increase in gold reserves at the group's Wafi-Golpu JV with Newcrest, the gold digger said on Wednesday.    Wednesday , 29 Aug 2012

Peru may give environment ministry more power over new mines

President Ollanta Humala has proposed a bill to Congress that will put the environment ministry in charge of approving or rejecting new mines in the country.    Thursday , 30 Aug 2012

David Morgan bullish on gold and silver - saw 'bottom' in May

David Morgan expects gold to top $1,800/oz and silver $35 to $40/oz by the end of the year and both to take off from there. Interview with The Gold Report.    Thursday , 30 Aug 2012

Sundance sees production from $4.7bn West Africa mine in mid-2016

The Mbalam mine located on the Congo-Cameroon border is seen as a major new source of iron ore that could help pare China's dependence on Australia and Brazil for the material.    Thursday , 30 Aug 2012

Global iron ore demand may drop in H2 2012 - Baosteel

China's Baosteel is of the belief that global demand for iron ore will not grow and could even decline in the second half of 2012 compared with the first six months.    Thursday , 30 Aug 2012

Venezuela probes alleged massacre in Amazon tribal village

In a statement, the government said it had received word of the alleged attack by a group representing the Yanomami tribe, an indigenous people in the Amazon rainforest.    Thursday , 30 Aug 2012

Mexican police breach picket line at Excellon silver mine

The incident occurred Wednesday at Excellon's La Platosa mine in the northern state of Durango, where striking miners vowed to continue their near two-month work stoppage.    Thursday , 30 Aug 2012

La Mancha Resources names new CEO

Gold miner La Mancha has named Sébastien de Montessus the new chief executive to replace Dominique Delorme who resigned from both the position of president and CEO.    Thursday , 30 Aug 2012

Mine unrest to impact potential investment - SA mines minister

Mines minister Susan Shabangu said Wednesday in Perth the recent unrest and violence in the mining sector is a cause for concern and will have an impact on potential investments.    Thursday , 30 Aug 2012

Feuding unions/Lonmin seek peace; wage deal may be elusive

While the parties are hoping to broker a peace accord at the platinum mine where 44 people have been killed, a wage deal still seems far away.    Wednesday , 29 Aug 2012

Chile's top court rejects $5bn Castilla power project

The decision to halt the $5 billion project, citing environmental reasons, comes as Chile grapples with steep power prices, a shaky transmission grid and reversals of several major projects.    Wednesday , 29 Aug 2012

NALCO issues 330,000 T alumina export tender

The last date for submission of bids is Sept. 18 and the deliveries will be made in batches between January and December next year.    Wednesday , 29 Aug 2012

Yesterday's top story: Recent commodity downturn just a blip - Jim Rogers

Jim Rogers says that until significant amounts of new supply comes on stream, the commodities super cycle will continue.    Wednesday , 29 Aug 2012

PODCASTS / RADIO                                                     

Gold, China and the commodities super cycle - Jim Rogers

"The Chinese will buy a lot more gold over the next decade"

The current state of platinum's supply demand balance - CPM Group

The CPM Group's Erica Rannestad looks at the supply demand balance for platinum in light of the supply issues in SA and the continuing slowdown in Europe.

Marikana, Implats and the struggles facing SA's platinum sector - Terence Goodlace

The days of South Africa producing 5m ounces of platinum are over for the short to medium term, the new CEO at Impala Platinum says.

Serious issues afflicting the industry as a whole - RBPlat CEO

Royal Bafokeng Platinum CEO Steve Phiri talks about the issues South African platinum producers face and the need for leaders to be proactive.

 

Champion Signs Agreement with CN for railway feasibility study between the Labrador trough and Sept-Îles

CHAMPION IRON MINES LIMITED (formerly CHAMPION MINERALS INC.) (TSX: CHM; OTCQX:CPMNF; FSE: P02) ("Champion" or the "Company") is pleased to announce the signing of an agreement with Canadian National Railway Company ("CN") to participate in the feasibility study of a proposed new multi-user railway that would  connect mining projects in the Labrador Trough to the deep water port of Sept-Îles, Quebec. CN's partner in this proposed venture is La Caisse de dépôt et placement du Quebec which, together with a group of iron ore exploration and mining companies, including Champion, are contributing to the cost of the feasibility study.

CN is expeditiously coordinating the application to the Canadian Environmental Assessment Agency for required permitting, which will allow the study to commence with appropriate consultation with First Nations, local communities and other stakeholders.

For the 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
2012 Chicago Hard Assets Investment Conference and Exhibition
Date: 21 September 2012 - 22 September 2012
Venue: McCormick Place Convention Center/McCormick Place Hyatt
The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. 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

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
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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   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
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Wednesday, August 29, 2012

[www.stockmarketindia.net] Intraday tips


Sir,
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MINEWEB.COM'S TOP STORIES: Canadian PM's chief of staff accused of ethical breach involving Barrick Gold

Mineweb logo
 

These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis currently available.

 

 

FEATURED PODCAST                                                     

Gold, China and the commodities super cycle - Jim Rogers

"The Chinese will buy a lot more gold next decade"
 

TOP STORIES | Wednesday , 29 Aug 2012                                                     

Canadian PM's chief of staff accused of ethical breach involving Barrick Gold

Nigel Wright, chief of staff for Canada's prime minister, finds his long-time friendship with Barrick founder Peter Munk and his son, Anthony Munk, under scrutiny for a possible ethics violation.    Wednesday , 29 Aug 2012

Paulson soothes skittish BofA investors about fund gold holdings

Über hedge fund manager John Paulson has told nervous Bank of America managers and investors that his bets on gold will pay off, according to various news media reports.    Wednesday , 29 Aug 2012

DRDGOLD enters new phase

Niel Pretorius, DRDGOLD's CEO says the group has turned its focus to sweating assets and creating stability in a bid to avoid margin squeeze.    Wednesday , 29 Aug 2012

Greenland's great mineral potential includes heavy rare earths

Greenland is hugely prospective for oil, coal, gold, pgms and base metals and also for the critical Heavy Rare Earths. Critical Metals report interviews Rick Mills*    Wednesday , 29 Aug 2012

Eco Oro shares plummet on Colombian mining agency decision

A decision by Colombia's national mining agency calls into question Eco Oro's rights to some 1.9 million ounces gold on its flagship Angostura project.    Tuesday , 28 Aug 2012

Orezone tops 5 million ounces gold in Burkina Faso

Orezone, a Canadian junior, added over a million ounces gold to its resources in West Africa.    Tuesday , 28 Aug 2012

Harmony Gold aiming for 1.7 million ounces

South Africa-based Harmony Gold is planning to boost its gold production from 1.17 million ounces in its current 2012 financial year to 1.7 million ounces by 2016.    Wednesday , 29 Aug 2012

Chile's top court rejects $5bn Castilla power project

The decision to halt the $5 billion project, citing environmental reasons, comes as Chile grapples with steep power prices, a shaky transmission grid and reversals of several major projects.    Wednesday , 29 Aug 2012

South Africa's mines minister reassures foreign investors

Minister Susan Shabangu reassured a gathering of mining executives and African officials in Perth about the country's stable policies despite a recent wave of labour unrest and deadly violence.    Wednesday , 29 Aug 2012

LME copper prices ease ahead of Jackson Hole meeting

The meeting of central bankers at Jackson Hole on Friday has kept investors cautious as they await clearer trading cues on whether the U.S. Fed will launch new stimulus measures.    Wednesday , 29 Aug 2012

Lonmin seen tempting Chinese platinum buyers

While acquirers may remain on the sidelines during the political fallout from the recent violence, buyers, including Chinese companies, could still see an opportunity, analysts say.    Tuesday , 28 Aug 2012

Kyrgyzstan abandons gold mining auction after protest

Around 50 protesters stormed a live televised auction on Tuesday, disrupting attempts by the governement to attract foreign investors to its untapped mineral riches.    Tuesday , 28 Aug 2012

Nautilus Minerals seeks partner for PNG undersea project

The Toronto-based company is in talks with potential partners to sell a stake in the Solwara 1 undersea project off the coast of Papua New Guinea.    Tuesday , 28 Aug 2012

India orders Sesa Goa to shut coke unit on pollution reports

The Goa State Control Pollution Board has ordered the closure of the 280,000 t/y metallurgical coke unit in western Goa after complaints about pollution.    Tuesday , 28 Aug 2012

South Africa seeks peace in embattled platinum belt

The country's labour ministry has advised the feuding unions at Lonmin's Marikana platinum mine to lay down their weapons and engage in peace talks to end the deadly wage dispute.    Tuesday , 28 Aug 2012

Charts, oil and love trade all point to further upside for gold - Holmes

The sharp upwards move by gold last week is anticipated by many in the market to be just the beginning of the next upwards move by the yellow metal.    Tuesday , 28 Aug 2012

Yesterday's top story: Big, undeveloped gold deposits boosting junior share prices

The share prices of junior miners with big gold deposits moved upwards with remarkable consistency in August as investors began to reconsider at the sector.    Tuesday , 28 Aug 2012

PODCASTS / RADIO                                                     

The current state of platinum's supply demand balance - CPM Group

The CPM Group's Erica Rannestad looks at the supply demand balance for platinum in light of the supply issues in SA and the continuing slowdown in Europe.

Marikana, Implats and the struggles facing SA's platinum sector - Terence Goodlace

The days of South Africa producing 5m ounces of platinum are over for the short to medium term, the new CEO at Impala Platinum says.

Serious issues afflicting the industry as a whole - RBPlat CEO

Royal Bafokeng Platinum CEO Steve Phiri talks about the issues South African platinum producers face and the need for leaders to be proactive.

Copper: The illusion of demand and the reality of consumption - Hunt

Simon Hunt believes that copper is no more than part of the money game at the moment.

 

Pan African Resources Plc Publishes Trading Statement

In terms of paragraph 3.4(b) of the JSE Limited Listings Requirements, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported on next, will differ by at least 20 per cent from those of the previous corresponding period.

Pan African is pleased to advise shareholders that its earnings per share ("EPS") and headline earnings per share ("HEPS") for the financial year ended 30 June 2012, denominated in Pound Sterling ("GBP"), are expected to be between 64 per cent and 74 per cent higher than the 1.20 pence per share generated for the financial year ended 30 June 2011. EPS and HEPS calculated in South African Rand ("ZAR"), using the average ZAR: GBP exchange rate of 12.27 that prevailed during the year ended 30 June 2012, are expected to be between 82 per cent and 92 per cent higher than the comparable period's 13.31 cents per share at an average ZAR: GBP exchange rate of 11.11.

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
2012 Chicago Hard Assets Investment Conference and Exhibition
Date: 21 September 2012 - 22 September 2012
Venue: McCormick Place Convention Center/McCormick Place Hyatt
The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. 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

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
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

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise