Thursday, September 20, 2012

MINEWEB.COM'S TOP STORIES: Centerra’s Boroo gold mine to resume heap leach operations

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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.

 

 

FEATURED PODCAST                                                     

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.
 

TOP STORIES | Thursday , 20 Sep 2012                                                     

Centerra's Boroo gold mine to resume heap leach operations

After three long years, Mongolian authorities have finally given their consent to resume heap leach operations at Centerra Gold's Boroo gold mine.    Thursday , 20 Sep 2012

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

QE3: gold to move onwards and upwards but inflation likely too

Gold price to rise to record heights as the latest open ended Bernanke boost continues but watch out for accompanying inflation (which could be part of the policy).    Wednesday , 19 Sep 2012

New resource estimate possible game changer for Condor Gold

The latest resource estimate on Condor Gold's La India project in Nicaragua could be a game changer in that it has defined a significant open pittable resource in addition to the project's underground potential.    Wednesday , 19 Sep 2012

Jubilant Lonmin miners return to work as unrest spreads

The violent unrest has taken root at other nearby mines though, with Anglo American Platinum threatening legal action if wildcat strikers did not return to work on Thursday.    Thursday , 20 Sep 2012

Goldcorp eyes Mexico joint venture with Fresnillo

The two companies are looking to jointly develop Fresnillo's Camino Rojo gold and silver deposits, adding that a feasibility study is expected to be completed by early next year.    Thursday , 20 Sep 2012

The harsh reality of currency depreciation against gold

Since the last currency went off any kind of gold standard, the yellow metal has appreciated against the dollar by more than 50 times in 42 years.    Thursday , 20 Sep 2012

BHP axes two major Australian coal mine projects

Lower coal demand is taking its toll in Australia as BHP Billiton subsidiary, BMA, cans plans for major new underground mines next to its Saraji mine and its big Red Hill coal mine development - also an underground mine.    Thursday , 20 Sep 2012

Peru protests move from countryside to capital

The protests in Lima have put renewed pressure on President Ollanta Humala after he enjoyed several weeks of relative quiet following a cabinet shuffle he carried out in July to calm anti-mining strife.    Thursday , 20 Sep 2012

Fortescue reaches $715mn debt deal with Leucadia

Hammered by a slump in iron ore prices, Fortescue earlier this week lined up $4.5 billion to restructure part of its debt and said it was in talks to sell stakes in some of its assets.    Thursday , 20 Sep 2012

Why new gold mines may 'high grade' and views on African gold

Analyst Brock Salier* explains whiy new mines may high-grade in their early production plans and provides insights into the future of gold mining in Africa. Gold Report interview.    Wednesday , 19 Sep 2012

Platinum holdings expand to record on mine disruptions, QE3

Platinum holdings in ETPs rose 6.6% in August, their biggest gain in 20 months, as the dispute at Marikana left at least 45 people dead and the U.S. central bank announced a third round of QE.    Wednesday , 19 Sep 2012

Glencore expected to make offer for Alcoa's Italy plant

Alberto Pili, a councillor for the Carbonia-Iglesias province where the Alcoa plant is located, expects Glencore to submit a letter of intent for the troubled plant in the next 10-15 days.    Wednesday , 19 Sep 2012

B2Gold to buy CGA Mining for C$1.1 billion

With the purchase of CGA Mining, B2Gold Corp will gain access to CGA's Masbate gold mine, the largest operating gold project in the Philippines.    Wednesday , 19 Sep 2012

Mongolia's mining review won't target Oyu Tolgoi

Mining minister Ganhuyag Davaajav told media last week the new mining "action plan" over the next four years is likely to call for changes to the 2009 Oyu Tolgoi copper-gold deal.    Wednesday , 19 Sep 2012

South African police arrest 22 outside Amplats mine

Police captain Dennis Adriao says the 22 were arrested for illegal gathering, with four of them arrested for being in possession of dangerous weapons.    Wednesday , 19 Sep 2012

Highland Gold net profit dives 36%

The Russian gold miner reported a decline in first half net profit from $70.3 million a year ago to $45 million due to a higher cost of sales.    Wednesday , 19 Sep 2012

Sudan opens first gold refinery to boost export quality

The new refinery will have a daily production capacity of 900kg of gold and 200kg of silver its head, Mohamed Osman al-Zubeir, said at the opening ceremony on Wednesday.    Wednesday , 19 Sep 2012

Zimbabwe mining industry agrees minimum 7.5% wage increase

The minimum wage for gold miners will rise to $197.53 a month, while diamond and platinum mine workers will see their pay climb to $212.21, according to a document handed to reporters by the chamber of mines.    Wednesday , 19 Sep 2012

Yesterday's top story: Unpacking the cost of the Lonmin wage deal

NUM and labour analysts set out the broader ramifications of the agreement signed last night between, workers and the platinum miner.    Wednesday , 19 Sep 2012

PODCASTS / RADIO                                                     

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.

South African mining's continuing labour problems

Control Risks SA MD, David Butler looks at the various elements at work in the current labour environment and their longer term impacts.

Belvedere Resources Makes Significant New Gold Discovery on Antikanperä Property

Vancouver, British Columbia --(Sept. 19, 2012) - Belvedere Resources Ltd. (TSX Venture:BEL) ("Belvedere") is pleased to announce results from a sixteen hole, 1367 metre drill campaign at their 100% owned Antikanperä gold property in Finland, located 35km north of Belvedere's Hitura Nickel Mine. The property covers a 10 km2 area containing numerous gold anomalies in till and bedrock associated with a geophysical signature similar to other gold properties in the area. The drill results are presented in Table 1.

For full release, click here...

 

 

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

 

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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