Thursday, August 23, 2012

MINEWEB.COM'S TOP STORIES: Politically-divided commission narrowly approves new SEC ‘Conflict Minerals' rule

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TOP STORIES | Thursday , 23 Aug 2012                                                     

Politically-divided commission narrowly approves new SEC 'Conflict Minerals' rule

Beginning in 2014, public companies listed on U.S. exchanges will have to disclose their reliance on minerals from the DRC and surrounding nations.    Thursday , 23 Aug 2012

W(h)ither mining's big five diversifieds?

After a hugely successful decade, bar some occasional ill-timed acquisitions, the major diversified miners are beginning to see earnings dive as China draws in its industrial horns.    Thursday , 23 Aug 2012

China declares 1st rare earths export increase in 3 years

Amidst alleged rampant REE smuggling, falling foreign demand and a WTO confrontation with major trading partners, China's Ministry of Commerce upped rare earths exports by 2.7% this year.    Thursday , 23 Aug 2012

Gold and U.S. presidential election effect: maybe down then up

With the incumbent US President likely to try to play down economic problems ahead of November's election gold prices could continue to languish - but there could be a post-election re-awakening.    Thursday , 23 Aug 2012

SA Chamber of Mines admits mistakes were made in lead up to Marikana massacre

Chamber Vice President, Mark Cutifani said Wednesday, talks should have taken place earlier between the various role players in the platinum sector and AMCU.    Thursday , 23 Aug 2012

Hecla buys Dolly Varden stake, on hunt for more

Hecla makes strategic investment in Dolly Varden Silver, a junior that owns a past producing silver mine in BC.    Wednesday , 22 Aug 2012

New Anglo Platinum wage demand a potentially ominous development

A new pay demand from Anglo American Platinum workers, bypassing the NUM union, is yet another disturbing development in the South African platinum sector.    Wednesday , 22 Aug 2012

Selwyn outlines smaller - cheaper - high grade zinc-lead project in Yukon

The Selwyn zinc-lead project gets more conservative numbers as reality comes to bear on the difficulty of building a larger zinc-lead project in the Yukon.    Thursday , 23 Aug 2012

Rio Tinto's long-term commodities outlook unchanged

"The long term picture for me hasn't changed," CEO Tom Albanese said Thursday, shortly after Australia's resources minister called the end of the country's resources boom.    Thursday , 23 Aug 2012

Australia says resources boom has peaked

Finance Minister Penny Wong has played down fears of a collapse in the mining boom, a day after Resources and Energy minister Martin Ferguson said the days of record commodity prices are gone.    Thursday , 23 Aug 2012

Fire at Medusa's Co-O gold mine means shaft re-engineering and refurb

A fire in the shaft timbers at Medusa Mining's Co-O gold mine in the Philippines caused no injuries but aces some 3 months of disruption as shaft is refurbed and re-engineered.    Thursday , 23 Aug 2012

BHP Billiton's rating not impacted by profit fall - Moody's

The stable outlook reflects Moody's expectation that prices for BHP Billiton's products, particularly iron ore, coking coal and copper, will remain at levels sufficient to generate strong cash flows.    Thursday , 23 Aug 2012

Philippines black market turns gold as smuggling ratchets up

According to estimates from traders and officials, as much as 90% of small-scale Philippine gold production is being smuggled out of the country, much of it to China.    Thursday , 23 Aug 2012

Codelco to pay under $1.8bn for Anglo stake

Sources close to Codelco say the miner will pay under $1.8 billion for a stake in Anglo American's south-central Chilean assets adding, the mining titans are set to end their bitter brawl on Thursday.    Thursday , 23 Aug 2012

Fortescue remains confident on China as H2 profit rises

Australia's no.3 iron ore miner has put on a brave face, saying it remains confident China's demand for the material will improve later this year as steel output rises.    Thursday , 23 Aug 2012

New Brazil bill opens door to mineral rights auctions; independent regulator

The bill presented last week as the first part of a proposed overhaul of Brazil's 1967 mining code, is aimed at increasing government control over one of the country's main export industries.    Thursday , 23 Aug 2012

Australia could seek US war veterans to fill lucrative mining jobs

Australia's Department of Immigration wants to fill some Australian mining jobs with U.S. immigrants and it has been said the industry would welcome US war veterans into these positions.    Thursday , 23 Aug 2012

Vietnam gold prices jump 5% on rising demand

According to bankers, retail gold prices have climbed nearly 5% in recent days due to rising domestic demand as investors switched savings in dong to the safe-haven metal.    Thursday , 23 Aug 2012

Gov't took decisive steps on Lonmin to show it's in control - SA President

In his first television interview since the Lonmin tragedy, South Africa's president, Jacob Zuma said the decisive actions taken by the government show it is in control of the situation.    Wednesday , 22 Aug 2012

CME to begin clearing London silver forwards from Aug 28

The exchange launched a similar service with clearing, settlement and delivery for over-the-counter London gold forwards in February.    Wednesday , 22 Aug 2012

RBPlat miners blocked from going to work

Trade union NUM says workers at the Rasimone mine were stopped by their colleagues from reporting for duty on Wednesday, in a further sign of labour troubles in the platinum sector.    Wednesday , 22 Aug 2012

Yesterday's top story: U.S. silver output plunges between January and May-U.S.G.S.

The temporary closure of Hecla's Lucky Friday Mine, complicated by ground support rehabilitation work at the company's Greens Creek Mine, negatively impacted U.S. silver production earlier this year.    Wednesday , 22 Aug 2012

PODCASTS / RADIO                                                     

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, which he would like to think there is potential for it to spread to the mine industry as a whole.

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"

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.

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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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