Friday, September 7, 2012

MINEWEB.COM'S TOP STORIES: BHP Billiton can withstand tougher trading conditions -S&P

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TOP STORIES | Friday , 07 Sep 2012                                                     

BHP Billiton can withstand tougher trading conditions -S&P

Standard & Poor's says it expects the weak global economy will keep commodities soft in the next 12 month, lowering BHP Billiton's earnings in fiscal 2013.    Friday , 07 Sep 2012

Canadian group aims for mandatory mining transparency standards

Amendment 1504, the U.S. law which mandates rules for transparent disclosure of mining company payments to government, could eventually make way for a mandatory Canadian regulatory disclosure.    Friday , 07 Sep 2012

Wage demands would wipe out Lonmin profits

Based on current half year profits, acquiescence to rock drill operator's demands for a R12,500 base salary, would wipe out most, if not all, of Lonmin's profits.    Thursday , 06 Sep 2012

A failed deal with Glencore means a lonely road to growth for Xstrata

With Glencore's $34 billion takeover bid set to collapse on Friday, Xstrata boss Mick Davis will have to woo back disgruntled shareholders to push ahead a solitary growth plan    Thursday , 06 Sep 2012

Stornoway inks $475 million debt mandate

Stornoway signs mandate letter with group of banks to source over half the capital cost of its C$802 million Renard project.    Thursday , 06 Sep 2012

Ex-INCO drilltarget yields 164 metres @ 5.39 g/t gold for Northquest

Northquest exceeds historic gold grades on the C7/Vickers target in Nunavut with its first drillhole on it this year.    Thursday , 06 Sep 2012

Patagonia's gold and silver promise shines through slew of junior announcements

Promising announcements from three junior miners and explorers on projects in Santa Cruz province highlight the continuing potential for gold and silver mining in Patagonia    Thursday , 06 Sep 2012

Canadian CIC Energy acquired by India's Jindal Steel for $115m

The acquisition of the Canadian miner gives Jindal Steel access to reserves of 6 billion tonnes of coal, of which 2.4 billion tonnes have been proven.    Thursday , 06 Sep 2012

Silver: "You ain't seen nothing, yet" - Fractal Analysis

Fractal analysis charts suggest that silver could push up to around $150. Yet, there are both higher and lower potential price targets to consider.    Thursday , 06 Sep 2012

Platinum buying rises as strike disruptions escalate

The biggest loss of platinum supply in at least 7 years has seen investors buying platinum at the fastest pace since 2010.    Thursday , 06 Sep 2012

India said to be considering hiking gold import duty again

Not content with the 42% drop in gold imports in the first half of 2012, the Indian government is said to be deliberating yet another duty hike to scale down the current account deficit.    Thursday , 06 Sep 2012

Peabody refutes mine sale delay rumours

Peabody Energy has poured cold water on rumours that it is looking to defer the sale of the Wilkie Creek mine, saying that it is still in negotiations over the mine    Friday , 07 Sep 2012

China green lights 60 infrastructure projects worth approximately $157m

The bid by the Asian super power to re-energise its economy, fuelled hopes that Chinese GDP may get a bit of a lift in Q4    Friday , 07 Sep 2012

Copper inches up with a little help from ECB bond plan

London copper nudged higher Friday boosted by a plan by the ECB to buy bonds to boost the region's economy, heading for a fourth week of gains in five    Friday , 07 Sep 2012

Glencore/Xstrata deal set to collapse as shareholders vote

The much beleaguered deal between the two miners enters the 11th hour but some analysts have yet to rule out one final twist in the tale.    Friday , 07 Sep 2012

Global potash demand to rise in 2013 - PotashCorp

According to PotashCorp CFO, Wayne Brownlee, global demand for the fertilizer is set to climb to between 56 million and 60 million tonnes in 2013    Thursday , 06 Sep 2012

80 million oz gold discovered in 10-15 years - Colombia poised to deliver

With the discovery of some 80 million ounces of gold in the past 10-15 years Colombia is beginning to realize its huge gold potential. Paul Harris* talks us through the opportunities and problems.    Thursday , 06 Sep 2012

Northland's contractor enters $220 million iron ore trucking deal with Scania

Peab, Northland Resources' contractor for the Kaunisvaara iron ore project, has entered a $220 million contract with Scania Group for the supply and services for a road truck fleet for the 150km run from mine to railhead.    Thursday , 06 Sep 2012

Mongolian lawmakers urging talks to renegotiate Oyu Tolgoi deal

A group of Mongolian backbench lawmakers has urged the new Prime Minister to try and trim Rio Tinto's stake in the $13-billion copper-gold project    Thursday , 06 Sep 2012

Yesterday's Top Story: AuRico shares slump 25% on big gold production guidance cuts

Production cuts, which were deeper than what had been anticipated by analysts and investors, will cost AuRico 50,000-55,000 GEO this year and take a further toll in 2013.    Thursday , 06 Sep 2012

PODCASTS / RADIO                                                     

Gold could hit $1850 some time in Q4 - GFMS

"Gold has definitely made a bottom and we've seen in a sense, a break out from the range to which gold was confined," GFMS's Philip Klapwijk says.

Diversifieds and the commodities supercycle - Hargreaves

David Hargreaves believes the dynamics are changing amongst the major miners, and the importance of choosing the right mineral is becoming ever greater.

Gold, China and the commodities super cycle - Jim Rogers

"The Chinese will buy a lot more gold over the next decade"

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.

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CONFERENCES

Denver Gold Forum 2012
Date: 09 September 2012 - 12 September 2012
Venue: Hyatt Regency, Denver, CO, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More
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

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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