Monday, September 17, 2012

MINEWEB.COM'S TOP STORIES: Mining investment to grow ever more complex, costly, industry leaders fear - Baker & McKenzie

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TOP STORIES | Monday , 17 Sep 2012                                                     

Mining investment to grow ever more complex, costly, industry leaders fear - Baker & McKenzie

"Mining jurisdictions must consider their competitiveness to mining investment or risk that investment being deployed elsewhere, said David Ryan of Baker & McKenzie, Australia.    Monday , 17 Sep 2012

Forrest's $15bn iron ore bet turning sour

Hammered by halving iron ore prices in the past year and saddled with $10 billion in debt, his Fortescue Metals Group faces a critical week.    Monday , 17 Sep 2012

Nevada gold mines do the heavy lifting in the first half 2012 - USGS

'Going to see the elephant' is alive and well in Nevada, as the U.S. Geological Survey data revealed the state's gold mines produced 2,761,750 ounces of gold in 1H12.    Monday , 17 Sep 2012

Lonmin vows new approach as talks resume on Monday

The platinum miner insisted it could not meet worker demands but promised a new approach to labour relations    Monday , 17 Sep 2012

NUM wants to exit existing South African mine wage agreements

South Africa's National Union of Mineworkers (NUM) wants to exit its existing wage agreements with the SA Chamber of Mines and for 2013 wage negotiations to be brought forward    Friday , 14 Sep 2012

Amplats to resume operations on Tuesday

The platinum miner says this will provide time for govt to implement further security measures    Monday , 17 Sep 2012

Reflections on the Denver Gold Forum

This week's Denver Gold Forum was a great success with the keynote speakers predicting great things for gold in the years ahead, although they were largely preaching to the converted.    Friday , 14 Sep 2012

Festive gold buying picks up in India despite record prices

With the Ganesh Chaturthi celebration next week, where the elephant-headed God will be welcomed to most homes, Indian consumers are buying up large quantities of gold, to please the Gods and ready for the festivities ahead.    Friday , 14 Sep 2012

Bernanke's latest splurge boosts gold - but what lessons can we learn from it

With the announcement of the long awaited third round of QE, Ben Traynor quotes Keynes that "in the long run we'll all be dead" but in the medium term he reckons we'll all be broke!    Friday , 14 Sep 2012

Mine violence exposes labor unions' weakening grip

Cosatu accused of being too close to govt and companies to represent members' interests.    Monday , 17 Sep 2012

Xstrata resumes SA chrome ops

After suspending them as a precautionary measure on Friday as a result of increasing tension in the country's platinum belt, the miner said Monday it had resumed work at its chrome operations    Monday , 17 Sep 2012

Queensland may be backtracking on uranium mining ban

Environmental groups fear that the Queensland Government may be considering backflipping on its ban on uranium mining in the State.    Monday , 17 Sep 2012

FL Smidth wins big South American copper mine mill expansion project

Global mineral processing equipment specialist, FL Smidth has been awarded a contract for engineering, design and equipment for a major copper mine expansion project    Monday , 17 Sep 2012

FMG wins appeal over access to Rio and BHP Pilbara rail systems

Beleaguered Fortescue Mining Group has won its appeal in Australia's High Court over access to Rio Tinto and BHP's iron ore hauling rail networks in the Pilbara.    Monday , 17 Sep 2012

NuCoal signs up Japanese partner for A$360m coal project

According to the Australian miner, Japan's Mitsui Matsushima Co Ltd has agreed to help fund a coal project in the Hunter Valley coal region in New South Wales    Monday , 17 Sep 2012

Aggressive debt collection one of the catalysts for Lonmin strikes

In one striking example, a platinum miner repaid R11 690 on R1 000 loan and still came up short    Monday , 17 Sep 2012

Bernanke's QE3 - No news could be better for gold and silver

QE3 for as long as it takes undermines the value of the dollar so will look good for gold and silver in dollar terms in the medium term.    Saturday , 15 Sep 2012

Police disperse Marikana protesters with teargas , raid hostels

The incident took place shortly after Lonmin had agreed to more than double its pay offer to the striking workers.    Saturday , 15 Sep 2012

This is the time to buy junior and mid tier golds - but be discriminating

Rising gold price and juniors facing funding crunches are among the factors fueling a spate of M&A activity. Aleksandra (Sasha) Bukacheva*, shares her criteria for targets in the sector with The Gold Report.    Saturday , 15 Sep 2012

India to raise $2.7bn though stake sales in 4 resource firms

In a bid to curb a burgeoning fiscal deficit, the Indian government has finally approved the sale of stakes in Nalco, MMTC, Hindustan Copper and Oil India.    Friday , 14 Sep 2012

Uranium miners having difficulty filling looming supply gap

Uranium prices may be down, but so are supplies. Demand for the heavy metal is rising fast, says Independent Researcher Alka Singh*. Interview with The Energy Report    Friday , 14 Sep 2012

Weekend Top Story: Fed's aggressive, open-ended QE3 program makes gold a big winner

Analysts concur that gold will hit at least $1,800 by November and silver and PGMs will be among the biggest winners of the Federal Reserve's new third quantitative easing program.    Friday , 14 Sep 2012

PODCASTS / RADIO                                                     

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.

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.

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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

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Editor in Chief

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