Friday, August 31, 2012

MINEWEB.COM'S TOP STORIES: Global copper inventories to decline substantially this year-Pat Mohr

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TOP STORIES | Friday , 31 Aug 2012                                                     

Global copper inventories to decline substantially this year-Pat Mohr

Capital cost escalation in an uncertain economic environment has triggered delays in new mine development, setting the stage for a tighter mid-decade supply, predicts Scotiabank economic Patricia Mohr.    Friday , 31 Aug 2012

S&P bullish on Peruvian mining investment, despite Conga setback

If the majority of Peru's announced copper mining projects come to fruition, Standard & Poor's predicts the nation's copper exports will triple in four years.    Friday , 31 Aug 2012

Rainy River surprises with new capex plan on 4 million ounce gold project

Rainy River Resources' president and CEO had speculated capital costs might escalate to C$800 million at its flagship gold project in Canada. They didn't.    Thursday , 30 Aug 2012

AMCU boycotts Lonmin peace accord talks

Speaking after the meeting adjourned on Thursday, its president Joseph Mathunjwa said he felt as if AMCU had been sidelined in the talks and it would no longer be no part of them going forward.    Friday , 31 Aug 2012

SE Asia zinc premiums triple as financing demand picks up

Traders say a change this month in zinc's forward curve structure to a contango, where spot material costs less than for delivery further forward, has raised the allure of using the metal for financing.    Friday , 31 Aug 2012

Glencore mine deaths give Xstrata holders extra ratio to think about

Xstrata shareholders voting next week on Glencore's proposed takeover offer have to also consider the fact that the commodities trader boasts the highest employee fatality rate among its closest peers.    Friday , 31 Aug 2012

Keeping low "profile" helps Hudbay gain Peru project approval

Hudbay Minerals president David Garofalo reckons the company's low profile allowed it to win the support of locals needed to start building its Constancia copper mine in Peru.    Friday , 31 Aug 2012

Strike threatened across Queensland coal mines

An Australian mining union has threatened strike action across the whole of the massive Queensland coal fields in Australia should the state government move to weaken coal mine safety regulations.    Friday , 31 Aug 2012

Lonmin's Marikana miners charged with murder

A commission of inquiry will investigate police actions.    Thursday , 30 Aug 2012

Iron ore sees worst month since October

Iron ore has been hardest hit among industrial commodities by China's slowdown, losing 36% this year, as declining steel prices curbed demand.    Friday , 31 Aug 2012

African Barrick Gold sale would attract capital gains tax - Tanzania

Should a sale go through, African Barrick Gold will be required to submit all the details of the transaction to determine the amount of capital gains to be paid, says the Tanzania Revenue Authority.    Thursday , 30 Aug 2012

Burkina Faso considers 20% tax on mine transfers

A source in the mining ministry confirmed the proposed new tax to Reuters and said it was meant to cool speculation on mining rights, or the "flipping" of mining titles for a fast profit.    Thursday , 30 Aug 2012

Gabon may not award Belinga concession before 2014

China's CMEC, which secured rights to Belinga with a 2007 deal, lost the concession following concerns about the environmental impact of the project and whether it will be able to deliver.    Thursday , 30 Aug 2012

Yesterday's top story: How big is gold's QE premium?

What will happen to gold post Jackson Hole is the question on many commentators' lips at the moment, here are a few scenarios.    Thursday , 30 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.

 

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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

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Editor in Chief

Alec Hogg, Johannesburg

 

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