Wednesday, August 29, 2012

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

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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, 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

 

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