Tuesday, August 21, 2012

MINEWEB.COM'S TOP STORIES: Mongolia's new mining minister is long-time resource nationalism advocate

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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.
 

TOP STORIES | Tuesday , 21 Aug 2012                                                     

Mongolia's new mining minister is long-time resource nationalism advocate

A lawmaker--who pushed to renegotiate the 2009 Oyu Tolgoi agreement to increase the government's ownership stake to 50% in the copper-gold mega-project --is Mongolia's new mining minister.    Tuesday , 21 Aug 2012

Fear not fundamentals driving platinum's recent rise - analysts

Analysts maintain there is a fear premium attached to the current platinum price short term; longer term the industry has some difficult decisions to make.    Tuesday , 21 Aug 2012

Franco-Nevada, Inmet Mining enter into $1bn precious metals stream deal

A record $1 billion precious metals stream deal, which is linked to copper production at the Cobre Panama copper-gold-silver-moly project, will help Inmet Mining avoid further equity dilution.    Tuesday , 21 Aug 2012

US investment demand gold's current key swing factor - WGC

In the footrace between Chinese and Indian demand on the one hand and Central bank and Investment buying on the other, US investors remain the wild card.    Monday , 20 Aug 2012

There's lots of gold in Nevada - why look abroad for gold investments?

Investors do not need to travel the world to make money in gold mining stocks. Nevada has world-class geology, infrastructure and a mine-friendly legal system. Gold Report interview with David Sidders*    Tuesday , 21 Aug 2012

Lonmin admits firing miners could lead to more violence

Executive vice-president for mining, Mark Munroe, says the sacking the 3,000 striking workers at its Marikana mine could lead to more violence.    Tuesday , 21 Aug 2012

Anglo American faces Chilean test as investors vent frustration

Depending on price and the depth of the conciliatory discount offered, a deal with Codelco could offer breathing space for Anglo American's bosses, under pressure over low returns.    Tuesday , 21 Aug 2012

Don't blame Australia's FIFO miners for mining town probs

Permanent populations of small Australian mining communities have been pointing the finger at FIFO miners for rises in crime and disorder, but research shows this may be a myth.    Tuesday , 21 Aug 2012

Platinum eases from two-month highs; gold holds firm

Prices slipped from the 2-month peak hit in the previous session on heightened supply worries in top producer South Africa, while expectations for easing monetary policy supported gold.    Tuesday , 21 Aug 2012

Brazil hopes to resolve Vale royalty dispute by end September

Edison Lobão, Brazil's mines and energy minister, said Monday the government expects to resolve its royalty dispute with Vale either this month or by the end of September.    Tuesday , 21 Aug 2012

Areva's Niger uranium mineworkers go on strike

Workers at the Somair uranium mine embarked on an open-ended strike on Monday, demanding mine management improve their living and working conditions.    Tuesday , 21 Aug 2012

Arrium sees strong China iron ore demand despite FY profit drop

The company says fundamentals remain strong for iron ore and it expects continued strong demand from China to underpin high prices compared to historical levels.    Tuesday , 21 Aug 2012

Compass Minerals' Goderich salt mine hit by strike

The company says the strike was called by the local branch of the Communications, Energy and Paperworkers Union of Canada, which represents 380 workers at the Goderich mine.    Tuesday , 21 Aug 2012

Harry Winston sees Diavik mine's net present value at C$2.6bn

The luxury jeweller and watchmaker had been holding off on releasing the full life-of-mine plan for the Diavik mine following partner Rio Tinto's decision to review its diamond business.    Monday , 20 Aug 2012

Weighty miners will see FTSE lag European indexes in 2012

The mining-heavy FTSE 100 is up just 5% this year, against a 10.4% percent rise for France's CAC, 19.4% for Germany's DAX and an 11.6% gain for the STOXX Europe 600.    Monday , 20 Aug 2012

Putin hopes for resolution in Norilsk shareholder conflict

The Russian president has given no indication of how billionaires Vladimir Potanin and Oleg Deripaska might end their battle for control of Norilsk Nickel, the world's largest nickel and palladium miner.    Monday , 20 Aug 2012

Crisis-hit Italians selling gold jewellery to make ends meet

There are an estimated 28,000 "cash for gold" outlets in Italy, according to Gianni Mancuso, one of 6 centre-right lawmakers lobbying for the government to regulate the sector more strictly.    Monday , 20 Aug 2012

RBPlat looks at cost cuts as earnings fall

Royal Bafokeng Platinum, the latest platinum miner to be squeezed by the industry's downturn, says it will accelerate its cost cuts after posting a 60% drop in first-half earnings on Monday.    Monday , 20 Aug 2012

JSW to reduce reliance on coking coal as prices drop

Coking coal prices have slipped over the past few quarters as Europe's economy has faltered and steelmakers have cut production.    Monday , 20 Aug 2012

Yesterday's top story: South Africa's union war for platinum and how the miners got it wrong

Industry insiders, companies and unions know the sector has some very tough decisions to make, but it's not just platinum that is at risk.    Monday , 20 Aug 2012

PODCASTS / RADIO                                                     

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.

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.

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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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