Wednesday, August 22, 2012

MINEWEB.COM'S TOP STORIES: Canada's 'Great National Dream' will be fueled by Northern mining, oil & gas-Harper

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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                                                     

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, which he would like to think there is potential for it to spread to the mine industry as a whole.
 

TOP STORIES | Wednesday , 22 Aug 2012                                                     

Canada's 'Great National Dream' will be fueled by Northern mining, oil & gas-Harper

"The North's time has come, my friends, and you ain't seen nothing yet," says Canadian Prime Minister Stephen Harper.    Wednesday , 22 Aug 2012

U.S. silver output plunges between January and May-U.S.G.S.

The temporary closure of Hecla's Lucky Friday Mine, complicated by ground support rehabilitation work at the company's Greens Creek Mine, negatively impacted U.S. silver production earlier this year.    Wednesday , 22 Aug 2012

Silicosis lawsuit filed against South Africa's gold miners

Lawyer Charles Abrahams filed the first papers on Tuesday against AngloGold Ashanti, Gold Fields and Harmony, in a preliminary step to determine whether the court recognizes the case as a class action.    Tuesday , 21 Aug 2012

Lonmin facing loan covenant breach as one third of Marikana workforce returns

With only a partial return of the Marikana platinum mine workforce so far, Lonmin faces further production losses - and is thus virtually certain to breach its debt covenants when next reviewed in September.    Tuesday , 21 Aug 2012

Low cost output drives Troy's Argentinian gold/silver operation

Australian headquartered Troy Resources is operating the low cost Casposo gold/silver project high in the Andes, not far from Pascua Lama and Veladero.    Wednesday , 22 Aug 2012

Atac Resources racks up record gold hit at Rackla

Atac Resources reports a slew of drill intercepts that include its best yet from a Carlin-type target in the Yukon.    Tuesday , 21 Aug 2012

Olympic Dam on hold as BHP profit falls 35% in H2

The global miner said its earnings were hit by weaker commodity prices and industrial action and warned it expects commodity volatility to continue in the short term.    Wednesday , 22 Aug 2012

Hochschild posts 43% profit fall, on track for 2012 targets

Lima-based Hochschild Mining saw its H1 profit fall 43%, hurt as expected by lower commodity prices, cost pressures and declining output, but remains on track to meet its 2012 targets.    Wednesday , 22 Aug 2012

China should boost rare earths imports

The China Chamber of Commerce of Metals, Minerals & Chemicals Importers & Exporters says the country should boost imports due to growing demand and to protect domestic resources.    Wednesday , 22 Aug 2012

Amplats receives wage increase demand from workers

Anglo American Platinum says it has received a formal wage increase demand from its workers, raising concerns the mine dispute at fellow producer Lonmin could spread to its operations.    Wednesday , 22 Aug 2012

Antagonism greets Marikana ministerial committee

The committee, which consists of several government ministers, was set up to deal with the aftermath of the police shooting which claimed the lives of 34 miners and wounding 78.    Wednesday , 22 Aug 2012

Glencore says $30bn Xstrata deal "not a must-do"

CEO Ivan Glasenberg said Tuesday the $30 billion bid for Xstrata is not a must-do deal, strongly suggesting it will not yield to key shareholder Qatar's demands for an improved offer.    Tuesday , 21 Aug 2012

How much do Lonmin rock drillers really earn?

The wages earned by Lonmin rock drill operators lie very much at the heart of the Marikana tragedy but, few in the media have actually asked the question, now there is an answer - and its a lot more than much of the media has been quoting.    Tuesday , 21 Aug 2012

Absa to list gold ETF on Ghana Stock Exchange

The GSE's managing director says the listing of Absa Capital's gold-backed NewGold ETF will broaden the exchange's range of products beyond equities and bonds.    Tuesday , 21 Aug 2012

Yesterday's top story: Expect junior and midtier gold stocks kickstart with $2,000 gold - coming soon

Michael Fowler* expects gold to finally break through the $2,000/ounce barrier into 2013 and how this should affect mining stocks. Gold Report interview.    Sunday , 19 Aug 2012

PODCASTS / RADIO                                                     

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.

Central bank gold buying and the importance of investment demand - Grubb

"I think the big question is whether the US investor joins the party in the second half of the year"

Platinum sector labour issue insights: Behind the Lonmin massacre

A look at the tensions behind another bloody day at the Marikana platinum mine in Rustenburg, South Africa.

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.

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Aura Energy says outstanding Häggån uranium resource expands to 800 million pounds

HIGHLIGHTS

  • Häggån inferred resource expanded to 800 million pounds U3O8 at a grade of 160ppm
  • Häggån Project now the second largest undeveloped uranium resources in the world
  • additional exploration target* of 440 to 840 million pounds U3O8 defined, demonstrating potential for significant additional resource increases
  • includes initial 60 million pounds U3O8 Inferred Resource in theMarby permit
  • estimate independently prepared by H&S Consultants
  • Häggån includes substantial molybdenum, nickel & vanadium resources
  • work continues on pre-feasibility study planning

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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