Friday, September 21, 2012

MINEWEB.COM'S TOP STORIES: As global mining deal activity slows, miners still seek opportunity-PwC

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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 www.mineweb.com for the rest of the news and expert analysis currently available.

 

 
 

TOP STORIES | Friday , 21 Sep 2012                                                     

As global mining deal activity slows, miners still seek opportunity-PwC

All signs point to a slow second half for global mining M&A, and another Glencore/Xstrata mega deal is unlikely given market fears, says PwC's latest Mining Deals report.    Friday , 21 Sep 2012

In spite of 30% decline in iron ore prices, Vale outlook is positive-S&P

Standard & Poor's forecasts the world's largest iron ore miner, Vale, will cut its capital spending in the face of lower iron ore prices, but will maintain strong cash flow.    Friday , 21 Sep 2012

Still some juice left in China's iron and steel legs

While short term prices for iron ore remain under pressure, Standard Chartered believes Chinese demand for the metal will only peak in 2025.    Thursday , 20 Sep 2012

Faustian precedent bodes ill and leaves gold and silver in prime position

Faust Part 2 by Goethe includes a cautionary tale on money printing replacing gold with ultimately dire consequences - alluded to recently by Jens Weidmann. Could this be a warning to all Central Bankers?    Friday , 21 Sep 2012

Amplats badly hit as dust settles at Lonmin's Marikana mine

As thousands of striking miners reported for duty at Lonmin's Marikana mine, workers at Amplats barricaded a street with burning tyres on Thursday and the firm said it had been badly hit by a walkout over pay.    Friday , 21 Sep 2012

New pay deal to add 14% to wage bill - Lonmin

The platinum miner announced Thursday, its wage bill would rise 14% from Oct 1 as a result of the wage settlement agreed with striking workers.    Friday , 21 Sep 2012

Glencore, Xstrata meet separately as deadline looms

The boards of Glencore and Xstrata met separately on Thursday as a deadline looms for the proposed $35.5 billion merger, people familiar with the matter say.    Friday , 21 Sep 2012

'Golden cross' gives investors another reason to increase bullish bets

On Thursday, gold's 50-day moving average traded above its 200 DMA, which marked a golden cross in technical analysis, indicating bullion's intermediate and longer-term momentum is getting increasingly bullish.    Friday , 21 Sep 2012

Human Rights Watch tells Peru's Humala to stop killing of protesters

The Human Rights Watch has urged Peruvian President Ollanta Humala to rein in the police and army forces to prevent them from shooting and killing anti-mining protesters.    Friday , 21 Sep 2012

Lihir technical issues drop gold output 25%

Newcrest's Lihir gold mine, one of the world's biggest gold mines by output, has had to temporarily reduce output by a quarter but million ounce upgrade project remains on track.    Friday , 21 Sep 2012

Idaho wildfire roars through former uranium mining site

State officials in east-central Idaho will take precautionary air samples in North Fork to assess whether or not there are any radioactive hazards posed by fire damage.    Friday , 21 Sep 2012

The Lonmin wage settlement, how does it compare?

In contrast to recent trends, the outcome for Lonmin workers has been far more positive than any other recent mining strike.    Thursday , 20 Sep 2012

One dead, four injured in clash near Barrick Gold's Peru mine

Protesters were demanding that Barrick provides water infrastructure to towns near the Pierina mine, which sits 13,400 feet high in the Andes, when the clash occurred late on Wednesday.    Thursday , 20 Sep 2012

Crucial Afghanistan mining laws up for review within a fortnight

The U.S. government estimates the country's untapped natural resources at over $1 trillion, but decades of war and political instability have kept the country off the radar.    Thursday , 20 Sep 2012

High rand gold price a ray of light for SA gold miners

The rand-denominated gold price broke through its all time high during intra day trade but, and could provide some welcome good news to the sector.    Thursday , 20 Sep 2012

Shandong Gold to buy 51% stake in Focus Minerals

China's gold market has grown at a blistering pace in recent years, helping fuel a rally in prices to a record $1,920.30 an ounce in 2011 and prompting domestic producers to ramp up overseas mine acquisitions.    Thursday , 20 Sep 2012

Zambia approves $832mn Chinese copper mine

The country has granted a unit of China Nonferrous Mining Corp. approval to build its proposed mine that will add 60,000 tonnes to the country's annual copper output.    Thursday , 20 Sep 2012

Yesterday's top story: Silver ETF holdings nearing record levels-Silver Institute

Precious metals analysts say investor demand is driving today's price of silver, which is up more than 20%.    Thursday , 20 Sep 2012

PODCASTS / RADIO                                                     

The longer term implications of the Lonmin wage agreement - CEO

Simon Scott talks about the historic wage agreement at Marikana, and its longer term implications for the platinum miner.

QE3, gold equities and gold company management - Willem Middelkoop

CD Fund Principal, Willem Middelkoop, explains why he is positive on gold equities and why he expects fortunes to be made in the next few years in the sector.

Platinum, strikes and Lonmin's fundamentals - Marc Elliot

Investec Securities looks at the fundamentals underlying the platinum digger at the heart of the mining unrest currently underway in South Africa.

Gold prices, cash costs and the deteriorating labour conditions in SA

Views on the DGG Gold Forum 2012 and an outlook on the deteriorating labour situation on South Africa's mines.

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Swiss Mining Institute Conference organised by Bally Capital

We are living in unprecedented times, it is therefore critical for investors to eliminate counterparty risk. Throughout history gold is the only currency that has survived and maintained its purchasing power. 

11 October 2012, Geneva
Swissôtel 8:30 - 17:00
www.swissotel.com
Download pdf programme

12 October 2012, Zurich
Park Hyatt 8:30 - 17:00
www.zurich.park.hyatt.com
Download pdf programme

To register, click here

 

CONFERENCES

2012 Chicago Hard Assets Investment Conference and Exhibition
Date: 21 September 2012 - 22 September 2012
Venue: McCormick Place Convention Center/McCormick Place Hyatt
The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Read More
MINExpo 2012
Date: 24 September 2012 - 26 September 2012
Venue: Las Vegas Convention Center, Las Vegas, USA
The World's largest exposition of mining equipment and services attracting over 35,000 visitors. Mineweb will be exhibiting. There is an associated conference program. visit MINEWEB at Booth number 1967 Read More
Swiss Mining Institute Conference organised by Bally Capital
Date: 11 October 2012 - 12 October 2012
Venue: 11 October 2012, Geneva Swissôtel, 12 October 2012, Zurich Park Hyatt
We are living in unprecedented times, it is therefore critical for investors to eliminate counterparty risk. Throughout history gold is the only currency that has survived and maintained its purchasing power. Read More

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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