Friday, August 17, 2012

MINEWEB.COM'S TOP STORIES: Lonmin death toll close to 40 - SA Police Minister

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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                                                     

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.
 

TOP STORIES | Friday , 17 Aug 2012                                                     

Lonmin death toll close to 40 - SA Police Minister

South Africa's minister of police, Nathi Mthethwa, confirmed Friday that close to 40 protesters were killed Thursday at Marikana.    Friday , 17 Aug 2012

Potash supply glut shuts Lanigan mine, delays new Vale project

With the announcements of the temporary closing of a PotashCorp mine and the delay of a massive new Vale potash project, Saskatchewan's potash sector took a big hit Thursday.    Friday , 17 Aug 2012

Molycorp aims to raise $517.5 million through bonds/shares offering

Rare earths miner Molycorp's share value has tumbled by more than half this year, while the company's debt continues to climb.    Friday , 17 Aug 2012

Yamana closes in on next gold-silver mine with Extorre shareholder approval

Yamana secures the blessing of Extorre shareholders for approval of its takeover, which will net it the Cerro Moro project in Argentina.    Thursday , 16 Aug 2012

Is disillusionment with gold investment justified?

The long time it is taking for the U.S. Fed to implement QE3 - if it ever does - is leading to disillusionment among gold investors, but should it be having this effect?    Friday , 17 Aug 2012

Barrick CEO sends clear message with potential Africa sale

Jamie Sokalsky, who took over the CEO reigns at Barrick Gold in June, has said he will rein in growth and invest only in assets that promise sizable returns.    Friday , 17 Aug 2012

Lonmin CEO hospitalised with serious illness

The platinum miner said in a SENS statement Thursday that CEO Ian Farmer has been diagnosed with a serious illness and is presently in hospital.    Thursday , 16 Aug 2012

Money misery prompts debt-stricken Portuguese to sell household gold supplies

Struggling Portuguese families are fast selling their household gold supplies after record prices and a deepening recession prompted a proliferation of places to exchange the metal for money.    Friday , 17 Aug 2012

Current supply deficit should put upward pressure on uranium price

David Talbot of Dundee Securities sees the tides rising in uranium markets, and explains why investors should build positions while the spot price is still sluggish. Energy Report interview.    Friday , 17 Aug 2012

Gold drives up Ghana's mineral revenues in H1

CEO of the Ghana's Chamber of Mines said Thursday that mineral revenues in 2012 rose by 19% versus a year ago to $2.76 billion during the first half of this year.    Friday , 17 Aug 2012

Canada approves Midwest uranium project

The project, which has an indicated resource of 42.9 million pounds of uranium, is located near the McLean Lake mill in Canada's uranium-rich Athabasca basin.    Friday , 17 Aug 2012

Two of gold price's three legs look wobbly

Clyde Russell says for gold to resume its upward trend the European debt crisis needs to worsen and physical demand from India and China must increase.    Thursday , 16 Aug 2012

Rare earths and graphite juniors exit the "mystery phase"

Until the rare earth and graphite "super-cycle" regains steam, investors need to reset expectations. Chris Berry* discusses what really matters, and why investors should exercise patience. Critical Metals Report interview.    Thursday , 16 Aug 2012

Emerging countries unlikely to match China metals appetite

Commodities experts say the next group of upcoming emerging markets will contribute to commodities growth, but not to the same explosive extent as China over the last decade.    Thursday , 16 Aug 2012

Chinese steel giant close to approval on $182m payday for Alderon

Chinese steel giant is said to be nearing state approval for a $182 million investment in Alderon Iron Ore and its Kami project in the Labrador Trough.    Friday , 17 Aug 2012

Indonesia tin producers cut exports on low prices

Officials say with current low demand thinning producers' profit margins to below cost, there may be further disruptions to shipments.    Thursday , 16 Aug 2012

Yesterday's top story: Gold and silver in short supply and highly leveraged in currency war

Ron Struthers* has crunched the numbers and his indicators have him thinking we will soon see gold move easily above $2,000/oz, taking silver higher with it. Interview with The Gold report.    Thursday , 16 Aug 2012

PODCASTS / RADIO                                                     

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.

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.

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."

 

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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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