Wednesday, August 15, 2012

MINEWEB.COM'S TOP STORIES: Acquisition frustration boils over at B2Gold

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Wednesday , 15 Aug 2012                                                     

Acquisition frustration boils over at B2Gold

B2Gold president and CEO Clive Johnson argues companies haven't been receptive enough to acquisitions during quarterly conference call.    Wednesday , 15 Aug 2012

Paulson, Soros intensify; Vinik, Eaton Park dump gold ETF holdings

Über investors George Soros and John Paulson appear to have strengthened their faith in gold holdings, while Jeffrey Vinik and Eric Mindich have thrown in the towel.    Wednesday , 15 Aug 2012

Pan American Silver reports sizable increase in 2Q gold, silver output

Pan American Silver blamed a 61% decrease in net earnings to higher depreciation charges pertaining to the Delores mine, higher royalties, and declines in silver and base metals prices.    Wednesday , 15 Aug 2012

Lonmin chair to meet with SA mines minister over violence

Susan Shabangu and Roger Phillimore are to meet on Wednesday following the outbreak of violent clashes at the group's Marikana mine that left 10 dead.    Tuesday , 14 Aug 2012

India says 16 companies allowed to resume mining in Karnataka

India's national exchequer lost an estimated $8.9 billion because of illegal mining of iron ore in Karnataka, but the decks have been cleared for resumption in activities, with a rider.    Tuesday , 14 Aug 2012

Centamin Q2 gold output at record

Centamin reports record Q2 gold output of 67,422 ounces and is on track to meet its full year forecast of 250,000 ounces while its Stage 4 expansion should be kicking in, in early 2013.    Tuesday , 14 Aug 2012

First gold poured at Barrick's Pueblo Viejo mine

Barrick Gold said Tuesday production has started at the Pueblo Viejo mine in the Dominican Republic, which is expected to produce 1m gold ounces annually when it hits full production.    Wednesday , 15 Aug 2012

India's iron ore exports to hit an all-time low

While steel companies in China worry over the reduction of iron ore supplies from India, domestic companies battle the slump in production.    Tuesday , 14 Aug 2012

China 'golden years' are gone as economic growth slows

Vale says China's golden years of 10% to 12% growth per year are gone but, it expects early signs of a recovery by the end of 2012.    Wednesday , 15 Aug 2012

$200 million uranium offtake agreement for Paladin

Australian headquartered uranium miner Paladin Energy, with its current operating mines in Namibia and Malawi, has secured a US$200 million offtake contract with an unnamed utility.    Wednesday , 15 Aug 2012

De Beers starts rough stone sorting in Botswana

De Beers and Botswana signed a 10-year deal in September 2011 to move its rough stone sorting operations from London, where they've been based for nearly 80 years, to Gaborone.    Wednesday , 15 Aug 2012

Colombia court declares strike at main coal railway illegal

The court decision has dealt a blow to the union's action for higher wages, giving privately-held rail operator Fenoco the ability to fire workers who walked off the job 3 weeks ago.    Wednesday , 15 Aug 2012

Petra Diamonds lowers FY production output

Diamond miner Petra expects to produce about 2.9 million carats for the year ending 30 June 2013, a quarter of a million carats lower than its prior estimate.    Wednesday , 15 Aug 2012

Outokumpu cleared to increase Tornio ferrochrome output

The company plans to invest $542 million in expanding ferrochrome output at its Tornio site, which will double its annual ferrochrome output to 540,000 tonnes.    Wednesday , 15 Aug 2012

Revenues drop 23% as Hudbay posts Q2 loss

The Canadian miner says it recorded a loss of C$30.4m in the quarter ended June after earnings were hit by an impairment charge and lower metal prices.    Wednesday , 15 Aug 2012

Nautilus gets go ahead for gold/copper seabed mining project

Seabed mining pioneer Nautilus Minerals has received the go-ahead for its Solwara 1 deep sea gold and base metals mining project from the PNG government.    Tuesday , 14 Aug 2012

Yesterday's top story: Ron Paul looking to legalise gold, silver-backed competing currencies

Having successfully steered his 'audit the Fed' bill through Congress, Ron Paul is now starting a crusade to legalise alternate currency provision in the U.S. - especially if backed by gold and silver.    Tuesday , 14 Aug 2012

PODCASTS / RADIO                                                     

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."

Changing Chinese demand patterns and base metals - Macquarie

Head of Macquarie China commodities research, Bonnie Liu, looks at the outlook for Chinese growth, the changes being seen in the region and their impact on copper and iron ore.

 

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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
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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