Thursday, August 16, 2012

MINEWEB.COM'S TOP STORIES: 4 arraigned in big bucks, precious metals bullion Ponzi-scheme

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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.

 

 

FEATURED PODCAST                                                     

Gold quarterlies cash costs and eroding premiums - Joe Mazumdar

Haywood Securities senior mining analyst Joe Mazumdar discusses the latest batch of gold quarterlies and some of the reasons behind the recent management shake ups.
 

TOP STORIES | Thursday , 16 Aug 2012                                                     

4 arraigned in big bucks, precious metals bullion Ponzi-scheme

A broker--previously disciplined by the CFTC and the National Futures Association in a 1993 commodities options scheme--is again facing charges for a Ponzi-scheme involving precious metals bullion investment.    Thursday , 16 Aug 2012

On the ground in the Yukon Part 1: An exploration guide

On site in the Yukon, Mineweb reporter Kip Keen takes a tour of the Yukon's operating mines and some of its leading exploration projects.    Thursday , 16 Aug 2012

Rye Patch Gold fears Special Master's guidance may hurt many claim holders

The on-going legal dispute between Rye Patch Gold and Coeur Rochester over claims near the Coeur Rochester silver mine could eventually have ramifications for all Nevada claimholders.    Thursday , 16 Aug 2012

Barrick Gold in talks with China Gold over African Barrick stake

Confirming an earlier report by the Financial Times, Barrick says discussions are at an early stage and there can be no certainty that they will result in the acquisition of all or part of its holding in ABG.    Thursday , 16 Aug 2012

Harmony Gold posts surprise fourth-quarter loss

The gold miner slipped to a surprise Q4 loss on Thursday despite a 14% increase in production, significantly lower than the average 110.4 cents profit forecast in a Reuters poll of 5 analysts.    Thursday , 16 Aug 2012

Ferdi Dippenaar resigns as Great Basin CEO ahead of Strategic Review

Great Basin Gold CEO becomes the latest gold mining company CEO to fall as Burnstone issues threaten the group's short term liquidity position.    Wednesday , 15 Aug 2012

China's deceptive copper stock piles

A recent note by Standard Chartered shows that copper stock piles in China have risen in recent weeks which makes it hard to predict exactly how demand will react if China implements stimulus measures.    Wednesday , 15 Aug 2012

Cluff Gold: "Good assets, good team, on track"

West African junior gold producer, Cluff Gold, has announces some positive Q2 results with a return to profitability (before capital costs) despite a lower gold price received and has a good project pipeline in place.    Wednesday , 15 Aug 2012

African Barrick's Bulyanhulu gold mine CIL plant order for MDM

MDM has received a Letter of Intent from African Barrick Gold regarding the detailed engineering and execution of a new 2.4 million tonne/year CIL plant to treat old and new tailings at the Bulyanhulu gold mine in Tanzania.    Wednesday , 15 Aug 2012

Forces conspiring to create gold's perfect scenario

David Levenstein looks at the many reasons he sees gold going higher and why $1,600 is the metal's new support level.    Thursday , 16 Aug 2012

Gold demand hits lowest in over 2 years; India weighs

Overall gold consumption fell 7% or nearly 76 tonnes to 990 tonnes in the three months to June, its lowest quarterly level since the first three months of 2010, says the WGC.    Thursday , 16 Aug 2012

BHP, Rio and Xstrata all cutting Queensland coal mining jobs

Declining markets are taking their toll on the Australian coal mining sector with job cuts under way at several major coal mining operations run by mining majors Rio Tinto, BHP and Xstrata.    Thursday , 16 Aug 2012

Alcoa to sell Texas plant assets and land

Terms of the deal have not been disclosed, but Alcoa says it will retain ownership of its smelter and aluminum powder operations in Rockdale.    Thursday , 16 Aug 2012

Vale may bid for new Brazil railway rights

Already Brazil's largest railway operator, Vale hopes to bid for some of the 10,000 km of rail projects the government wants built under a program announced on Wednesday.    Thursday , 16 Aug 2012

Striking Colombian rail workers to return within hours

Rail operator Fenoco said Wednesday that laborers would return to work "in the coming hours" after a three-week strike that cost more than half of coal exports from the Andean nation.    Thursday , 16 Aug 2012

About 60 reported dead in DRC mine accident

A UN-backed radio station said on Wednesday the miners died when a shaft in which they were working collapsed in a remote part of northeastern Democratic Republic of Congo.    Thursday , 16 Aug 2012

Argonaut Gold doubles profit on higher output, prices

Mexico-focused Argonaut Gold posted a net profit rise of $11.3 million which climbed from $5.2 million, or 6 cents per share, a year earlier.    Wednesday , 15 Aug 2012

Striking Lonmin miners face off with South African police

On Wednesday, scores of police officers backed by helicopters lined up opposite a crowd of around 2,500 miners who had taken up position on a rocky outcrop overlooking the mine.    Wednesday , 15 Aug 2012

Why are gold and silver shares not moving higher?

Julian Phillips looks at the heart of why people invest in precious metals in an attempt to understand the underperformance of gold and silver mining shares.    Wednesday , 15 Aug 2012

Yesterday's top story: Stage set for gold to go higher - and silver even better - Doody

John Doody* is poised to deploy the one-third of his portfolio he's been holding in cash into his top 10 gold and silver stocks. Interview with The Gold Report.    Tuesday , 14 Aug 2012

PODCASTS / RADIO                                                     

Lonmin halts South African output after violence

Interviews with union and management representatives, labour consultants and an on-the-ground report give a fuller picture of what is happening at the platinum mine.

Mining M&A and the importance of strategic buying

PWC's Bob McCutcheon looks at some of the recent trends seen in the mining M&A space and looks forward to what we can expect over the rest of 2012.

Gold miners, management and dumb M&A - Ecclestone

"CEOs are going to be losing their heads like it's the French Revolution out there. They're going to be chopped left, right and centre."

AngloGold Ashanti, Q2 results - Mark Cutifani

"There's no doubt in the world that you're looking at a new AngloGold Ashanti and a great future for the company and its shareholders."

 

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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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