Tuesday, August 28, 2012

MINEWEB.COM'S TOP STORIES: Molycorp announces start up at first US heavy rare earth concentrates facility

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Tuesday , 28 Aug 2012                                                     

Molycorp announces start up at first US heavy rare earth concentrates facility

Although China now produces 99% of the world's heavy rare earth supplies, Molycorp's Mountain Pass facility is about to become the first U.S. heavy rare earths concentrate processor.    Tuesday , 28 Aug 2012

Juniors with big, undeveloped gold deposits gettin' some love

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

Peru's La Oroya Met Complex may be put up for global liquidation sale

A disagreement on an operational plan for the La Oroya Metallurgical complex between Doe Run Peru's former parent and Doe Run Peru's creditors may result the sale of the facility.    Tuesday , 28 Aug 2012

Delaware high court upholds $2bn Southern Copper judgement and record attorneys' fees

Two Delaware courts have upheld that Grupo Mexico basically took its Southern Copper Corporation subsidiary to the cleaners when SCC bought Minera Mexico from its corporate parent.    Tuesday , 28 Aug 2012

Fear the financial system and invest in gold and silver - Sprott

Eric Sprott says it's time for people to take matters into their own hands and push further and further into precious metals equities as well as physical gold and silver. Gold Report interview.    Tuesday , 28 Aug 2012

Indian gold buying picks up as festival season kicks off

Though prices are at a new high in India, buyers are picking up smaller pieces of gold jewellery and items to mark the onset of the festive period this week.    Monday , 27 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

Australia Treasurer says lower commodity prices won't hurt budget

In his May budget, Wayne Swan forecast a small A$1.5 billion surplus in the year to June 30, 2013, but lower commodity prices could make it difficult to reach revenue forecasts.    Tuesday , 28 Aug 2012

Vale lifts force majeure at Australia coal mine

Output at its Carborough Downs coking coal mine was stopped and coal deliveries suspended after the discovery of high levels of carbon monoxide, a deadly gas, in May this year.    Tuesday , 28 Aug 2012

Landowner dispute leads Newcrest to suspend Lihir gold output

The dispute stems from negotiations over benefits paid to landowners near the mine site, located 900 km across the Bismarck Sea from Port Moresby, in Papua New Guinea.    Tuesday , 28 Aug 2012

Era of ever-rising commodities prices over - MMG

According to the Chinese mining grou, the market is going through a sensible adjustment.    Tuesday , 28 Aug 2012

Italian miners barricade themselves underground with explosives

Up to 100 Sardinian miners seized 350 kilos of company explosives and locked themselves inside the Carbosulcis coal mine overnight on Monday, in a bid to protect their survival.    Tuesday , 28 Aug 2012

South Africa's DRDGold trebles full-year earnings

The gold miner more than trebled its full-year earnings on Tuesday, as it benefitted from an overhaul of its business focusing it on gold reclamation.    Tuesday , 28 Aug 2012

Striking Lonmin workers vow to stay away

The striking miners gathered at the Marikana mine on Monday and vowed to stay away from work until their demand for a R12,500 monthly wage is met.    Tuesday , 28 Aug 2012

South Africa's gold sector also hit with wage hike demands

The wage hike demands signal discontent has also spread to the country's gold sector after a wave of labour strife and violence recently claimed the lives of 44 people at a platinum mine run by Lonmin.    Monday , 27 Aug 2012

Bulgaria picks Westinghouse to study third nuclear unit

The country is one of the few in Europe pursuing new reactor projects after the Fukushima nuclear disaster in Japan and Germany's move to phase out nuclear power.    Monday , 27 Aug 2012

South African president's assurances on mine violence ignored

The cost of protecting the country's debt against non-payment using credit default swaps has climbed 14 basis points since Aug 15, a day before police shot dead 34 striking mineworkers.    Monday , 27 Aug 2012

Western Mining to buy Inter-Citic for C$250 million

China's Western Mining has agreed to pay C$250 million in cash for gold explorer Inter-Citic Minerals and the deal expected to close in the fourth quarter of the year.    Monday , 27 Aug 2012

Noble Group gears up for base metals push

Hong Kong-based Noble Group is putting renewed focus on markets such as copper and zinc after breakneck growth in energy, which now delivers two-thirds of its revenues.    Monday , 27 Aug 2012

Coeur d'Alene suspends underground work at Mexico mine

Work in the underground portion of the Palmarejo mine has been suspended following the death of a worker who fell while performing maintenance work.    Monday , 27 Aug 2012

Yesterday's top story: New threats and intimidation at Lonmin

Union confirms reports of a renewed standoff as the country's Department of Mineral Resources looks to centralise employee negotiations.    Monday , 27 Aug 2012

PODCASTS / RADIO                                                     

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.

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"

 

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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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