Thursday, August 30, 2012

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

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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
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Venue: Las Vegas Convention Center, Las Vegas, USA
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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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