Aluminium & Steel works

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

The annual Prospectors & Developers Association of Canada (PDAC) conference and exhibition is the largest mineral exploration event held anywhere in the world. Last year's conference saw attendance from more than 27,000 delegates. Read More

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

he organisers of the world's largest mining investment event, Investing in African Mining Indaba, will bring its successful business event platform to Asian soil: Investing in Asian Mining Indaba will be held 29-31 October 2012 at the Marina Bay Sands Singapore, www.AsianMiningIndaba.com. The An... Read More

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

The scale of Quantitative Easing ahead will ultimately create inflation rather than deflation with gold and silver likely to hit record highs this year and with silver outperforming gold. Tuesday , 28 Feb 2012

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

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MINEWEB.COM'S TOP STORIES: Backdrop for metals prices continue to be very strong-Barrick CEO Regent

2012-02-28T00:59:00.000-08:00

Backdrop for metals prices continue to be very strong-Barrick CEO Regent

The continued industrialization and urbanization of China and India are continuing to play crucial roles in both global gold and copper demand, says Barrick CEO Aaron Regent. Tuesday , 28 Feb 2012

Newmont CEO confident $4.8bn Peruvian gold mine will go ahead

Richard O'Brien, Newmont Mining CEO, says he is confident the company will be able to go ahead with its $4.8bn JV with Buenaventura to develop the Minas Conga gold mine in Peru. Tuesday , 28 Feb 2012

NMA, Nuclear Energy Institute challenge 1m-acre Grand Canyon mining ban

The National Mining Association and the National Energy Institute have sued federal agencies to try to rescind the withdrawal of lands near the Grand Canyon National Park from mining activities. Tuesday , 28 Feb 2012

Despite write-down, Tasiast remains Kinross Gold's top priority

Kinross CEO Tye Burt said the company's technical understanding of the orebody "has grown substantially" at its controversial Tasiast gold project in Mauritania in West Africa. Monday , 27 Feb 2012

IMF data entry error on Swedish gold reserves disclosed

Following a rapid denial by the Swedish Central Bank, the IMF has admitted to a data entry error in its latest release on changes in Central Bank gold holdings. Monday , 27 Feb 2012

Batero Gold shares plummet on maiden 6 million ounce gold resource in Colombia

While a large, low grade gold deposit failed to impress investors - perhaps a matter of number - Batero Gold stressed there was near term potential to hit 10 million ounces gold. Tuesday , 28 Feb 2012

Indian gold ETF investment doubled last year - and set to surge this

As investors in India look to bolster their investment portfolio and look for options outside the stock market, demand for ETFs that invest in gold doubled in 2011 and is forecast to rise further in 2012. Monday , 27 Feb 2012

Huge global iron ore expansion needed to replace depleted mines

Vale's CEO has told the audience at a conference in Beijing that a huge expansion in global iron ore mining will be necessary to make up for depletion at current mining operations to feed ever-growing demand. Tuesday , 28 Feb 2012

Concerns about China's economy slowdown overblown- Teck

Teck Resources' CEO Don Lindsay believes concerns about a slowdown in the Chinese economy are overblown given the country's recent GDP, industrial growth numbers that look good. Tuesday , 28 Feb 2012

Gold miner Agnico-Eagle sets more realistic goals to rebuild investor confidence

Chief Executive Sean Boyd said Monday the company has put together new, solid targets to rebuild investor confidence after seeing its share price tumble following setbacks at key mines. Tuesday , 28 Feb 2012

Every segment of the gold stock market is very cheap today - Sprott Asset Management

Precious metal equities remain undervalued as bullion prices continue their upward trends according to Charles Oliver and Jamie Horvat of Sprott Asset Management. Interview with The Gold Report Tuesday , 28 Feb 2012

Thompson Creek Metals reports Q4 profit rise

The molybdenum miner earned $800,000, or breakeven per share, compared with a loss of $45 million, in the quarter ended December 2011. Tuesday , 28 Feb 2012

Africa-focused Petra Diamonds sees H1 loss

Petra's first half earnings fell as unrealised foreign exchange losses wiped out improved revenues earned from a jump in production. Tuesday , 28 Feb 2012

South Africa's NUM urges miners to accept Implats offer

The union's general secretary said Monday the workers needed to accept Implats offer to rehire but it remains unclear if they will heed the call amid intimidation against those who have tried to return to work. Monday , 27 Feb 2012

China now planning to boost rare earths exports and output

Though China has set its rare earth export quota for 2012 at the same level of 2011, a new plan envisages that China will get Yuan 2 trillion output from the new material industry by 2015, as against a registered output value of Yuan 650 billion in 2010. Monday , 27 Feb 2012

Yesterday's Top Story: Freeport suspends Grasberg copper-gold ops again, citing employee violence

Work interruptions, along with alleged acts of retaliation against those who did not participate in last's year strike, have prompted PT Freeport Indonesia to again suspend operations at world's largest gold and second largest copper mine. Monday , 27 Feb 2012

PODCASTS / RADIO

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

MINEWEB.COM'S TOP STORIES: Freeport suspends Grasberg copper-gold ops again, citing employee violence

2012-02-27T01:15:00.000-08:00

Freeport suspends Grasberg copper-gold ops again, citing employee violence

Zijin Mining, Barrick Gold ponder beneficial business relationship

China's largest gold miner recently met with the world's largest gold company to discuss possible opportunities for future cooperation. Monday , 27 Feb 2012

Fall in gold reserves and disappointing Q4 hit Iamgold shareprice

Disappointed investors, perhaps taking note of falling reserves, cut down Iamgold shares by some 9% on Friday as company seen at a crossroads in challenging operating and cost environment. Saturday , 25 Feb 2012

Osisko firm on 2012 guidance: 610,000 - 670,000 ounces gold

Osisko CEO Sean Roosen eyes million ounce future in 2016 as company makes steady progress and looks to better grades at its operating Canadian Malartic mine. Friday , 24 Feb 2012

Factors leading to paradigm shift in metals commodities pricing

Declining ore grades, rising energy costs, global growth and politico-economic factors are all part and parcel of a fundamental shift in metals commodities economics and pricing. Monday , 27 Feb 2012

Commodity flows positive in Jan - BarCap

Barclays Capital says investment flows into commodities turned positive in January after heavy withdrawals in December, boosting hopes that money entering the sector will rise this year. Monday , 27 Feb 2012

Junior gold and silver stocks to shine in 2012: Mark Raguz

After a tough 2011, Mark Raguz and his colleagues at Pinetree Capital are looking at the junior resource sector with renewed optimism. Interview with The Gold Report. Saturday , 25 Feb 2012

Gold slides as Euro worries linger; oil offers support

Prices slipped early Monday, weighed down by modest risk aversion across financial markets as concerns about the euro zone persisted, although high oil prices offered support. Monday , 27 Feb 2012

African Rainbow H1 earnings rise 24% on higher sales

South Africa's African Rainbow Minerals said Monday its earnings increased 24% as sales volumes for all of its key commodities rose. Monday , 27 Feb 2012

Opposition to Lynas Malaysian rare earths plant hits the streets

Environmental demonstrators have taken to the streets to call for a halt to Lynas Corporation's plans to build a rare earths processing plant in Malaysia. Sunday , 26 Feb 2012

Impala's Zimbabwe platinum unit given 2 weeks to detail handover of 29.5% stake

Implats has been ordered to come up within 2 weeks with plan to transfer 29.5% of its Zimbabwe platinum mining unit to a state company Sunday , 26 Feb 2012

Venezuela now to mine massive Las Cristinas gold project with help from China

Venezuela's President Chavez has announced that Chinese investment company CITIC will help develop the potentially extremely large Las Cristinas gold project which has been withdrawn from Crystallex. Saturday , 25 Feb 2012

Strong bullion sales and prices lift Eldorado Gold's 2011 earnings

The company posted a more than 50% increase in its 2011 earnings from operations, largely driven by increased bullion sales and higher realized prices. Friday , 24 Feb 2012

Implats contract worker beaten to death

A contract miner at Impala Platinum's Rustenburg operations in South Africa was beaten to death during an assault on Friday when he tried to go to work, regional police said. Friday , 24 Feb 2012

Can silver maintain its great start to the year?

Precious metals have been one of the best-performing asset classes of 2012 so far- with silver being the star performer, but can it last. Monday , 27 Feb 2012

Supercycle in gold to continue this year, but price crash seen ahead

According to Standard Chartered analyst Dan Smith, gold will break above $2000/oz this year but could plunge to $1,178/oz by 2018. Monday , 27 Feb 2012

Schroders wouldn't be surprised to see the gold price close to $5000 in 5-8 years

Schroders analysts looking for gold to climb to $2500 an ounce this year and to reach $5000 over next 5-8 years as bull run continues. Saturday , 25 Feb 2012

Weekend's Top Story: Fraser survey says New Brunswick is mining heaven, Honduras is the pits

"The best mineral deposit has no value if government regulations and taxation prevent production." The latest ratings from the Fraser Institute see some significant changes from a year ago. Friday , 24 Feb 2012

PODCASTS / RADIO

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Guyana Goldfields Completes Positive Feasibility Study for Its Aurora Gold Project in Guyana

TORONTO, Feb. 24, 2012 /CNW/ - Guyana Goldfields Inc. (TSX: GUY) ("GGI" or "the Company") is pleased to announce positive Feasibility Study results for its 100% owned Aurora Gold Project in Guyana, South America. The NI 43-101 Feasibility Study report will be compiled under the supervision of SRK Consulting (Canada) Inc. ("SRK") with contributions provided by prominent industry consultants. A conference call will be held today by Guyana Goldfields management at 11:00 am Eastern Time to further discuss the results (see details at the end of this release).

The Aurora Gold Project is expected to have a positive impact on the economy of Guyana by maximizing employment, skills training, and generating business opportunities for local suppliers and service providers. The Company is dedicated to becoming a leading corporate citizen and a productive partner in the future of Guyana's economy. The Aurora Gold Project is presently the only large-scale licensed gold mine development project in Guyana and will be the next producing gold mine in the country in late 2014.

For full release, click here

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

Century Aluminum's CEO Discusses Q4 2011 Results - Earnings Call Transcript (SeekingAlpha Telecom Stocks)

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

Latest news on : Wikio - Century Aluminum Company

2012-02-24T22:05:00.000-08:00

Wikio alerts

Century Aluminum Company ( CENX ) Q4 2011 Earnings Call February 23, 2012 5:00 pm ET Executives Shelly Harrison – Vice President and Treasurer Michael A. Bless – President and Chief Executive Officer Analysts Kuni Chen – CRT Capital Group Brett Levy – Jefferies & Company Sandeep SM – Goldman Sachs Timna Tanners – Bank of America Merrill Lynch Tim Hayes – Davenport &...

Source : SeekingAlpha Telecom Stocks

Explore : Aluminium, Business, Mining

Find all these articles and much more on Wikio, your news portal !

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MINEWEB.COM'S TOP STORIES: Fraser survey says New Brunswick is mining heaven, Honduras is the pits

2012-02-24T01:30:00.000-08:00

Fraser survey says New Brunswick is mining heaven, Honduras is the pits

Newmont reports record adjusted net income, record reserves

Newmont Mining's board has declared a first-quarter 2012 dividend of 35-cents per share, a 133% increase over the 1Q 2011 dividend. Friday , 24 Feb 2012

Centerra Gold achieves $1 billion revenue milestone in 2011

Centerra's 2011 gold production declined 5%, but net earnings for the year were up on 27% lift in the gold price received. CEO predicts cash costs of $465-500/oz in 2012. Friday , 24 Feb 2012

New all-time highs for gold may only be days away

Four key elements suggest that gold is due for a break-out from its current trading range and point to such a move happening very soon with new highs by the summer. Friday , 24 Feb 2012

Gold and silver to continue rising as Fed's Wall Street puppets cornered

Central bank shenanigans and rising inflationary fears are fueling a big rise in precious metals. It's set to continue. Friday , 24 Feb 2012

NZ's largest undeveloped gold project to see follow-up drill programme

The Australian company which lifted the cobwebs off the Sams Creek gold project with an aggressive nine hole diamond drilling programme is already looking at a second. Friday , 24 Feb 2012

Molycorp Q4 revenue rises sixfold, warns on costs

Colorado-based Molycorp posted a quarterly profit rise on Thursday and sees strong sales growth over the next year, but warns that production costs will be higher on rising chemical and labor costs. Friday , 24 Feb 2012

Osisko Mining's Malartic mine lifts Q4 profit

Helped by a strong performance at its Malartic mine, Osisko reported a C$37.8 million 4Q net profit. Friday , 24 Feb 2012

Northam Platinum's H1 earnings more than doubles

The company's first-half earnings more than doubled owing to significantly improved production and a higher average price. Friday , 24 Feb 2012

Iamgold reports 8% Q4 net profit rise, but costs weigh

Net earnings in the fourth quarter rose to $133.6 million, helped by a sharp increase in gold prices, but adjusted earnings fell due to fewer gold ounces sold and higher production costs. Friday , 24 Feb 2012

Lihir gold unit issues put Newcrest Mining 2012 guidance under pressure

Newcrest says production disruptions at the Lihir plant are putting its 2012 production and cost guidance are under pressure, though it still hopes to meet its targets. Friday , 24 Feb 2012

Iron ore spot prices continue to rise, but amidst some uncertainty

Traders have been bidding up iron ore prices on gamble on Chinese construction growth, but steel demand remains weak for the moment Friday , 24 Feb 2012

Rio Tinto unearths Australia's biggest rough pink diamond

The pink diamond, weighing 12.76 carats, was discovered at its Argyle mine in the East Kimberley region in Western Australia. Friday , 24 Feb 2012

South Africa's platinum miners to take lead on output cuts?

With profit prospects looking poor, production cuts would benefit prices and the sector as a whole, but it would take a brave miner to be first to cut output in a bid to raise prices. Friday , 24 Feb 2012

Zimbabwe partially rejects Implats' Mimosa ownership plan

Impala Platinum says Zimbabwe has rejected part of a plan submitted by its subsidiary Mimosa Holdings to comply with the local ownership requirements. Friday , 24 Feb 2012

Quality assets and quality management best path to junior gold investment

Finding and sticking with quality precious metals assets is the strategy that speaks loudest to James West. Read about his philosophical and practical approach in this Gold Report interview. Friday , 24 Feb 2012

Golden Predator stock jumps on Yukon gold intercepts

Golden Predator started Thursday off on a strong footing with a report of long gold-mineralized intercepts from the Grew Creek project in the Yukon that helped boost its shareprice. Thursday , 23 Feb 2012

Alamos Gold Q4 profit up 16% on robust gold prices

Toronto, Ontario-based company Alamos Gold reported a 16% profit rise in the fourth quarter of 2011, boosted by mainly by surging gold prices. Thursday , 23 Feb 2012

UPDATE: Controversial hike in fees could affect bids to take over London Metal Exchange

The LME Board is considering adjustments to its proposed new fee structure which has met with opposition from member companies, but will also affect earnings projections by prospective bidders for the Exchange. Thursday , 23 Feb 2012

UPDATE: Labour problems again at Freeport's Grasberg copper-gold mega mine

Workers at the world's second largest copper mine and largest gold mine have gone on strike again on claims management hasn't abided by back-to-work deal agreed in December Thursday , 23 Feb 2012

Mozambique to start work on Nacala coal terminal in few months - PM

Mozambican Prime Minister Aires Aly said Thursday he expects construction of a Nacala coal terminal to start in the next few months, with the aim of having it running in two to three years. Thursday , 23 Feb 2012

Union awakes to defend itself in Impala Platinum strike violence

South Africa's Association of Mineworkers and Construction Union (AMCU) admits to making a presentation to workers but denies that it is behind strikers' violent acts. Thursday , 23 Feb 2012

Nyrstar expects 2012 output to rise 70%

For 2012, the group expects to produce 310,000 to 350,000 tonnes, an increase of between 50% and 70%, as more of its acquired mines become operational. Thursday , 23 Feb 2012

West African gold miner Avocet FY profit triples; positive on Guinea

The full-year profit more than tripled to $115.1 million, helped by gains from the sale of its South East Asian assets and reports that talks with the government of Guinea over a newly introduced mining code had been positive. Thursday , 23 Feb 2012

Yesterday's Top Story: India predicted to import 5000 tonnes silver in 2012, price to exceed $60/oz

Demand for the white metal in India is seen surging this year from last year's 4,800 tonnes and prices are expected to shoot up as a result says the Bombay Bullion Association. Thursday , 23 Feb 2012

PODCASTS / RADIO

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

Century Aluminum Company: Century Reports 2011 Financial Results (Market Wire)

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

Latest news on : Wikio - Century Aluminum Company

2012-02-23T22:26:00.000-08:00

Wikio alerts

MONTEREY, CA (MARKET WIRE) Century Aluminum Company (NASDAQ: CENX) reported a net loss of $31.1 million ($0.35 per basic and diluted common share) for the fourth quarter of 2011. Financial results were positively impacted by an unrealized gain on forward contracts of $2.4 million primarily related to the mark to market of aluminum price protection options. Cost of...

Source : Market Wire

Explore : Aluminium, Business, Mining

Find all these articles and much more on Wikio, your news portal !

MINEWEB.COM'S TOP STORIES: Pan American increases silver reserves, much with brownfield exploration

2012-02-23T01:01:00.000-08:00

Pan American increases silver reserves, much with brownfield exploration

Based on the success of its 2011 exploration program, Pan American Silver intends to spend at least $23.3 million this year on exploration to maintain and increase its silver reserve figures. Thursday , 23 Feb 2012

South African project may host highest grade rare earths deposit outside China

Frontier Rare Earths' Zandkopsdrift hosts one of the largest and highest grade known rare earths deposits outside China and could be on stream by mid-2015. It has KORES deal to help achieve this. Thursday , 23 Feb 2012

Yamana Gold adjusted earnings up 59%, GEO reserves increase 11%

Yamana Gold CEO Peter Marrone says the company's focus will continue to be on the delivery of growth in mineral resources, production, revenue and cash flow. Thursday , 23 Feb 2012

Gold Standard zeroes in on high grade gold in blind Nevada target

Gold Standard hits its best gold drilling intercepts yet in Nevada on its Railroad property, and is looking for even better grades, exciting investors on Wednesday. Thursday , 23 Feb 2012

How short and long term players will combine for a gold price increase

Although both short and long term gold players may be working from different agendas, current economics may set the stage for both to contribute to a rising gold price. Thursday , 23 Feb 2012

India's Vedanta to restructure businesses to form mining giant

Vedanta is to restructure its holdings in Sterlite Industries and Sesa Goa, with a potential merger ensuring Vedanta Resources becomes a $8.1bn mining giant with the third biggest profit in the private sector in India. Thursday , 23 Feb 2012

Life of mine gold output now put at 7 million ounces by Pretium

In an updated scoping study Pretium projects tripling production to near seven million ounces gold life of mine at its Brucejack project. Wednesday , 22 Feb 2012

India's 2012/13 gold imports may fall 35% - govt panel

According to a report on India's economy presented Wednesday, tough economic conditions could curb gold imports, pushing shipments by about 35% in value terms in 2012/13. Thursday , 23 Feb 2012

Higher prices lift Exxaro's FY profit 40%

South African diversified miner Exxaro said Thursday its full-year profit rose 40%, helped by strong demand and higher prices for the majority of its commodities. Thursday , 23 Feb 2012

Barberton gold success proving Pan African sceptics wrong

Pan African CEO, Jan Nelson, says the results from its Barberton Mine have answered a lot of the questions that were asked of management when they acquired it five years ago. Wednesday , 22 Feb 2012

Lynas Corp's Malaysia rare earths plant faces further delays

Residents in the Kuantan area, Malaysia, have asked a court to delay start-up of Lynas Corp's rare earths plant and want a review of the government's decision to give it a temporary operating license. Thursday , 23 Feb 2012

Aguablanca nickel-copper mine suspension sees Lundin Q4 profit fall 71%

Suspension of ops at Lundin's Aguablanca nickel-copper mine in Spain was main reason for a sharp fall in Q4 earnings. Thursday , 23 Feb 2012

Implats strike to cut April platinum deliveries 50%

Implats group executive for marketing, Derek Engelbrecht, said in a letter to end-users Wednesday the April platinum deliveries would be down about 50% due to labour protests at its Rustenburg mine. Thursday , 23 Feb 2012

Cadillac shares rocket on Utah gold intercepts

Financing gods willing, Cadillac draws plans for a more concerted effort to hunt for more gold in Utah. Wednesday , 22 Feb 2012

Sherritt posts 34% profit drop on price declines

For the quarter ended December 2011, Sherritt International Corp posted a 34% drop in profits, hurt by lower nickel and cobalt prices. Thursday , 23 Feb 2012

Spot iron ore edges up in nervous trading

Spot iron ore prices have been rising a little despite high Chinese inventories and nervousness on the direction of demand there Thursday , 23 Feb 2012

Novagold begins process to sell 50% Galore Creek stake

The company has begun talking with potential buyers to sell its 50% stake in the Galore Creek copper-gold project in British Columbia and expects a sale by the end of the year. Thursday , 23 Feb 2012

Impala boardroom set alight

Violent protests at Impala Platinum's Rustenburg operations escalated Wednesday morning after a boardroom at shaft 7A was set on fire. Wednesday , 22 Feb 2012

Yesterday's Top Story: What the Greek bailout means for gold and silver

For Julian Phillips, the Greek debt crisis is a symptom of a longer-term, larger currency problem that will inevitably be a boost to gold. Tuesday , 21 Feb 2012

PODCASTS / RADIO

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

MINEWEB.COM'S TOP STORIES: Strong PGM prices, higher output make 2011 a good year for Stillwater

2012-02-22T01:28:00.000-08:00

FEATURED PODCAST

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Strong PGM prices, higher output make 2011 a good year for Stillwater

Stillwater Mining's fourth-quarter results beat analysts' estimates, thanks to higher PGM prices and strong PGM production. Wednesday , 22 Feb 2012

Despite setbacks, higher silver prices see Hecla look ahead to strong future

Hecla Mining's board has declared a quarterly silver-linked dividend of 1-cent per share with the aggregate fourth-quarter dividend of $0.0125 per share for a total amount of $3.6 million. Wednesday , 22 Feb 2012

Brigus conquers grade at its Black Fox gold mining operations

Brigus Gold looks to have turned a corner on gold grade in early 2012 after wrestling with underground dilution last year at its Black Fox gold mine near Timmins, Ontario as it builds up production. Tuesday , 21 Feb 2012

What the Greek bailout means for gold and silver

For Julian Phillips, the Greek debt crisis is a symptom of a longer-term, larger currency problem that will inevitably be a boost to gold. Tuesday , 21 Feb 2012

China may grab top gold spot as Indian imports fall

Analysts forecast China may overtake India as the world's leading gold consumer this year on expectations that imports could drop for the first time in three years. Tuesday , 21 Feb 2012

European Goldfields, Eldorado shareholders in favour of merger

The companies held two separate shareholder meetings on Tuesday and both were in favour of the C$2.5 billion friendly takeover by Eldorado Gold. Wednesday , 22 Feb 2012

Alcan wants Japan Q2 aluminium premiums hikes to $132/t- sources

The demand was made in a letter sent ahead of the official start of negotiations next Monday, two sources involved in informal talks between the two sides said on Wednesday. Wednesday , 22 Feb 2012

World No. 3 copper mine halts ops after accident fatality

Collahuasi copper mine, jointly owned by Anglo American and Xstrata, has halted all operations pending accident investigation after a fatality at the mine's sulfide plant. Tuesday , 21 Feb 2012

Australia's Coalspur Mines trades near oversold levels

The coal exploration company's stock is trading close to its support level of A$1.52 and has reversed from this level previously. Wednesday , 22 Feb 2012

Copper softens a touch; China's manufacturing data weigh

Prices edged down 0.4% to $8,419.50 a tonne on Wednesday but have a chance to break higher with seasonal demand picking up in the medium term, and liquidity in China increasing. Wednesday , 22 Feb 2012

Alcoa, CPI to establish aluminium products JV in China

The companies signed the agreement in Beijing to set up the JV company, which will be based in Shanghai, to produce high-end fabricated aluminium products for the Chinese market. Wednesday , 22 Feb 2012

Global steel output drops; China down 13%

Newest data from the World Steel Association showed on Tuesday that global steel production fell in January, with output in China down 13%, as industrial demand remained weak. Wednesday , 22 Feb 2012

Mosaic settles lawsuit over Florida phosphate mine expansion

As part of the settlement, Mosaic will expand its South Fort Meade phosphate mine and donate 4,171 recently purchased acres that environmental groups want turned into a state park. Wednesday , 22 Feb 2012

China Steel to invest in Australian coal project

Taiwanese steelmaker, China Steel, will pay $104 million to invest in a coal mine in Australia and take rights to 10% of the future output, in a move to counter the impact of higher coal prices. Tuesday , 21 Feb 2012

Yesterday's Top Story: Gold to $6,000 plus - eventually - and silver growth even more explosive: McCoach

Greg McCoach feels gold is ultimately headed above $6,000/oz and silver into the hundreds of dollars and gives reasons for his optimistic projections. Interview with The Gold Report Tuesday , 21 Feb 2012

PODCASTS / RADIO

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Platinum Group Metals new discovery- Michael Jones

PGM CEO Michael Jones talks about the prospects of a new reef with "interesting" metal ratios the company has discovered on north limb of the bushveld complex

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

MINEWEB.COM'S TOP STORIES: Platinum ETC buying jumps on fears Implats violence may spread

2012-02-21T01:05:00.001-08:00

Platinum ETC buying jumps on fears Implats violence may spread

Another death has occurred in a standoff between mineworkers and police as the strike at Impala Platinum's Rustenburg ops turns nasty with fears that it may spread to neighbouring Amplats. Tuesday , 21 Feb 2012

Bonanza silver for Buenaventura, Focus in Peru

Focus relays some eye-catching silver intercepts at a past-producing mine in Peru, with as much as 0.35 metres @ 9314.6 g/t silver. Monday , 20 Feb 2012

GTA mobilizing for larger exploration foray after shareprice catapult

As it raises new monies after releasing a batch of hot drillholes, GTA looks to see just how much more gold mineralization it may have on its Northshore property. Monday , 20 Feb 2012

Gold to $6,000 plus - eventually - and silver growth even more explosive: McCoach

Rustenburg labour dispute costs Implats 80,000 platinum ounces to date

Impala Platinum said Monday the violent industrial action at its Rustenburg operations in South Africa has resulted in 80, 000 ounces in lost production to date. Tuesday , 21 Feb 2012

Is the PBoC really gold's mystery buyer?

Is it possible that the central bank of China was really really buying gold at the rate of 1 ounce in every 8 sold worldwide last quarter...? Tuesday , 21 Feb 2012

Quadra FNX shareholders approve KGHM C$3bn takeover bid

Shareholders of Quadra FNX approved the takeover offer on Monday, a deal that gives KGHM control of Quadra's Sierra Gorda copper project in Chile. Tuesday , 21 Feb 2012

Guinea's bauxite, alumina output up in 2011 despite stoppages

A report by Guinea's finance ministry showed Monday that although work stoppages and softening global demand prevented a larger increase in production, both bauxite and alumina rose last year. Tuesday , 21 Feb 2012

Copper rises as Greek bailout deal brings market relief

Copper rose $79.25 to $8,314.75 a tonne on Tuesday after debt-ridden Greece signed off its second bailout deal, a move that brought relief to markets, fuelling appetite for riskier assets. Tuesday , 21 Feb 2012

How tight is China's grip on its commodity futures market?

With Western banks, trading houses and producers keen to grow their footprint in China, the question is, how tight is Beijing's grip on its currency and commodities trade. Tuesday , 21 Feb 2012

OneSteel eyes name change to reflect growing mining business

The steelmaker has outlined plans to changes its name to reflect its growing mining unit and attract new investors, with its first iron ore sales planned for late 2012. Tuesday , 21 Feb 2012

Zimbabwe's new mine fees to 'seriously hurt miners'- industry

Zimbabwe's Chamber of Mines said Monday the newly hiked mine licence fees will seriously hurt miners who have yet to fully recover from a decade-long economic crisis. Monday , 20 Feb 2012

Bakrie Group expects Rothschild to remain on Bumi board

Key shareholder in Bumi Plc, Bakrie group, expects financier Nat Rothschild to remain on Bumi's board after a March meeting at which he was expected to be removed from his role as co-chairman. Monday , 20 Feb 2012

Bank of China moves closer to LME membership

The addition of Bank of China International to the world's biggest metals market is expected to increase trading volumes, which in turn will boost its attraction as a takeover target. Monday , 20 Feb 2012

Implats "concerned" by comments it should sell Mimosa stake

The company said Monday it was worried by comments made by Zimbabwe's empowerment minister suggesting it should sell more of its stake in the Mimosa JV with Aquarius Platinum. Monday , 20 Feb 2012

Yesterday's Top Story: Class action sharks circle as Kinross Gold vows to fight

At last count four law firms say they are filing class action lawsuits stemming from Kinross Gold's decision to take a non-cash goodwill impairment charge of nearly $3 billion. Monday , 20 Feb 2012

PODCASTS / RADIO

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Platinum Group Metals new discovery- Michael Jones

PGM CEO Michael Jones talks about the prospects of a new reef with "interesting" metal ratios the company has discovered on north limb of the bushveld complex

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

MINEWEB.COM'S TOP STORIES: Class action sharks circle as Kinross Gold vows to fight

2012-02-20T00:17:00.001-08:00

FEATURED PODCAST

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Class action sharks circle as Kinross Gold vows to fight

At last count four law firms say they are filing class action lawsuits stemming from Kinross Gold's decision to take a non-cash goodwill impairment charge of nearly $3 billion. Monday , 20 Feb 2012

Chinese officials hail Inner Mongolian mining crack down a success

Regional officials claim success in their efforts to crack down on Inner Mongolia mining operations as a result of the worst unrest to hit Inner Mongolia in years last May. Monday , 20 Feb 2012

A (silver) bird in the hand - Eagles soaring

A history of the American Silver eagle coin and its remarkable growth as an investment hedge - a growth which will surely continue. Saturday , 18 Feb 2012

Junior gold and copper sectors will be lucrative for objective investors

Tom MacNeill discusses the conditions that have primed the junior gold and base metals resource environment for growth. Interview with The Gold Report. Sunday , 19 Feb 2012

Gold Fields' shareholders see dividend windfall

Gold Fields' leverage to the gold price showed in its latest payment to shareholders of R2.30 which puts it well out in front in the dividend yield race. Friday , 17 Feb 2012

Anglo American dashes hopes for 'special dividend'

The company dashed hopes it will use cash "trapped" in South Africa by exchange controls to fund a special dividend, opting rather to sweeten its regular payout after posting a 14% rise in FY profit. Friday , 17 Feb 2012

Canaccord-Eximbank $1b fund not just energy play

Metals and minerals unfairly fall to the wayside in coverage of a new Canadian/Chinese fund aimed at investing in Canada's resource sector. Friday , 17 Feb 2012

Sudan exports 7.2 tonnes of gold in first 6 weeks of year

As a means of compensating for lost oil revenues following secession of South Sudan, Sudan has exported some $400 million worth of gold already this year. Sunday , 19 Feb 2012

Australia's Port Kembla coal terminal faces more strike action

Union spokesman Bob Timbs said Monday about 100 unionised workers will embark on stoppages ranging from two to four hours on Monday, Tuesday and Thursday besides full-day stoppages on Wednesday and possibly Friday. Monday , 20 Feb 2012

Gold rises on China's monetary easing, Greek optimism

Spot gold climbed 0.6% to $1,733.96/oz on Monday, on course for its biggest daily rise in two weeks, supported by China's monetary policy easing and hopes for Greece to seal a bailout fund. Monday , 20 Feb 2012

Mitsubishi Corp to pitch Australia iron ore project in China

According to sources close to the deal, - Japan's Mitsubishi Corp plans to head to China soon to line up a partner for a $10 billion Australian iron ore and port and rail development. Monday , 20 Feb 2012

Rio Tinto earmarks $518m for driverless iron ore trains

The miner plans to introduce its first automated train in 2014, increasing the capacity of its 1,500 km Western Australian iron ore rail network to boost output 60% by 2015. Sunday , 19 Feb 2012

Union says Impala Platinum to rehire all strike-dismissed miners

World No. 2 platinum miner, Impala platinum is to re-instate all the workers dismissed in the recent strike at its flagship Rustenburg operations Saturday , 18 Feb 2012

Teck to shuffle $1bn debt, shave $55m off interest

Teck aims to save handsomely by redeeming expensive debt using proceeds from cheaper senior notes. Saturday , 18 Feb 2012

Gold traders more bullish as Paulson says buy

New-York based John Paulson has told traders that now is the time to build a position in gold because by the time inflation becomes evident, gold will probably have moved. Friday , 17 Feb 2012

Philippines plans to close down illegal mines

President Benigno Aquino is expected that to sign an order calling for the closure of dozens of illegal small-scale gold and copper mines, often the cause of deadly accidents. Friday , 17 Feb 2012

Singapore to exempt gold, other precious metals from 7% tax

The move brings Singapore's tax treatment of investment-grade gold and other precious metals in line with the practices of countries such as Australia and Switzerland. Friday , 17 Feb 2012

Weekend Top Story: Hecla reports largest silver reserves, resources in company's history

For the sixth consecutive year, Hecla increased reserves and resources setting a new record in both categories for 2011, says Hecla CEO Phil Baker. Friday , 17 Feb 2012

PODCASTS / RADIO

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Platinum Group Metals new discovery- Michael Jones

PGM CEO Michael Jones talks about the prospects of a new reef with "interesting" metal ratios the company has discovered on north limb of the bushveld complex

ANC's mine nationalisation study - Leon

Webber Wentzel's Peter Leon discusses the proposals outlined in the recently completed ANC research study on nationalisation

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

MINEWEB.COM'S TOP STORIES: Hecla reports largest silver reserves, resources in company's history

2012-02-17T01:03:00.001-08:00

Hecla reports largest silver reserves, resources in company's history

For the sixth consecutive year, Hecla increased reserves and resources setting a new record in both categories for 2011, says Hecla CEO Phil Baker. Friday , 17 Feb 2012

Barrick forecasts 2012 gold production guidance of 7.3m to 7.8m ozs.

Barrick reported a 33% increase in adjusted net earnings last year to $4.7 billion or $4.67 per share. Friday , 17 Feb 2012

Vale now selling 80% of its iron ore at spot

World's largest iron ore producer, Vale, said Thursday it is currently selling 80% of its ore using spot prices, nearly completing a historic shift to market-based pricing. Friday , 17 Feb 2012

Adani gets the go ahead on $6bn plus Carmichael Coal project in Australia

Indian major Adani Enterprise has moved one step further with its $6bn plans to mine the largest coal mine in the Australian state of Queensland. Friday , 17 Feb 2012

Gold is money in extremis - just ask Iran

Iran is having to use some of its gold to pay for imported food for its people as sanctions bite and its currency is worthless on world markets. A true use for gold 'in extremis' Friday , 17 Feb 2012

China's Minmetals wins 90% acceptances for Anvil takeover

Minmetals Resources has succeeded with its $1.3 billion takeover bid for Africa-focused copper miner Anvil Mining, winning 90% acceptances. Friday , 17 Feb 2012

Glencore's aluminium head holds $1bn stake

Glencore detailed the stakes held by some of its top executives Thursday and head of aluminium, Gary Fegel, emerged as one of the most significant holders of the stock. Friday , 17 Feb 2012

Crop tests bode well for thermophosphate product in Brazil - Rio Verde

As it eyes production this year, testing shows Rio Verde's thermophosphate product boosted yields of soybean crops in Brazil by 30%. Thursday , 16 Feb 2012

State bank of India lures rail employees with discounted gold coins

Rail employees in India who bank with the largest lender in the country are set to get discounts on gold coins with their salary packages, as banks ramp up lending against gold. Thursday , 16 Feb 2012

The principal risks affecting mining in Africa

Two risk analysis experts shared their views on the principal risks facing investment in mining in Africa on the fringes of the recent Indaba conference in Cape Town. Thursday , 16 Feb 2012

Kinross wants to renegotiate Ecuador gold mine deal

Ecuador's energy ministry says it may not sign an operating contract with Kinross as the miner wants to renegotiate the terms of a tentative agreement for its Fruta del Norte project signed last December. Friday , 17 Feb 2012

South African Rand lifts Gold Fields' Q4 earnings

The miner's fourth quarter earnings climbed 26%, in line with forecasts as its results were lifted by a favourable exchange rate. Friday , 17 Feb 2012

Centerra Gold's Kumtor miners returning after strike

Centerra reported Thursday that the 10-day strike at its Kyrgyzstan gold mine had ended after agreeing a settlement with the employees' trade union. Friday , 17 Feb 2012

Mitsubishi Corp to buy 18% stake in Peru copper project - source

According to The Nikkei and a Peruvian source with knowledge of the deal, Mitsubishi Corp plans to buy an 18% stake in the Quellaveco copper project from the IFC. Friday , 17 Feb 2012

Chinese central bank's big Q4 gold buy

The World Gold Council says in its latest report that the PBoC made significant gold purchases in the final months of 2011. Friday , 17 Feb 2012

Yesterday's Top Story: Kinross's "great gold mine" takes big bite out of profits

In spite of a US$2.94 billion write-down in 2011, Kinross Gold has raised its semi-annual dividend from 6-cents to 8-cents per common share. Thursday , 16 Feb 2012

PODCASTS / RADIO

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Platinum Group Metals new discovery- Michael Jones

PGM CEO Michael Jones talks about the prospects of a new reef with "interesting" metal ratios the company has discovered on north limb of the bushveld complex

ANC's mine nationalisation study - Leon

Webber Wentzel's Peter Leon discusses the proposals outlined in the recently completed ANC research study on nationalisation

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

MINEWEB.COM'S TOP STORIES: Kinross's "great gold mine" takes big bite out of profits

2012-02-16T01:16:00.001-08:00

FEATURED PODCAST

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

Kinross's "great gold mine" takes big bite out of profits

In spite of a US$2.94 billion write-down in 2011, Kinross Gold has raised its semi-annual dividend from 6-cents to 8-cents per common share. Thursday , 16 Feb 2012

Escondida output sinks to lowest levels in almost 10 years

Lower ore grades and an illegal strike pushed output from Chile's Escondida mine down 24.6% for 2011. Thursday , 16 Feb 2012

Goldcorp achieve record earnings as reserves increase for 8th year

Goldcorp reported its eighth consecutive year of gold reserve growth in 2011 with 64.7 million gold ounces, as well as one of the largest silver reserves in the industry. Thursday , 16 Feb 2012

AngloGold CEO says Warren Buffett just doesn't understand gold and gold investors

Mineweb's Editor-in-chief, Alec Hogg, interviews AngloGold Ashanti's Mark Cutifani and hears some forthright views on Warren Buffet's most recent attack on gold. Thursday , 16 Feb 2012

Interest in juniors picking up but, above-average assets are a must

Analysts tell Mineweb that in 2012 risk investors are back - just a little - but are turning their nose up at projects with high geopolitical risk. Thursday , 16 Feb 2012

Agnico-Eagle mine writedown offset gains

The company's latest quarterly results show a net loss of $601.4 million, as a partial writedown of the value of its Meadowbank mine in the Canadian Arctic offset gains from a surge in the gold price. Thursday , 16 Feb 2012

Rustenburg labour disruptions cost Implats R1.2bn

CEO David Brown said Thursday the illegal worker strike at its Rustenburg platinum operations in South Africa cost the company R1.2 billion in revenue. Thursday , 16 Feb 2012

Sundance shares plummet on further takeover delays

Sundance Resources said Thursday approvals for its Mbalam project are only likely to come in 2 months, further delaying a $1.4bn bid by Hanlong. Thursday , 16 Feb 2012

Analysts unsurprised at 21% drop in Vale's Q4 net income

Rio de Janeiro-based Vale reported on Wednesday a 21% drop in its fourth-quarter net income, in line with analysts' expectations on the back of falling global iron-ore and metals prices. Thursday , 16 Feb 2012

Galway hits 1kg g/t gold in Colombia drillhole

More drilling results from Galway Resources add to a growing basket of high-grade gold intercepts at the historic El Volcan mine in Colombia. Wednesday , 15 Feb 2012

AngloGold chair calls for collaboration on mine safety stoppages

AngloGold Ashanti at the release of its full year results presentation said it has lost 73 000 ounces of gold as a result of section 54 stoppages enforced by the Department of Mineral Resources (DMR) last year. Wednesday , 15 Feb 2012

Gold hit 14-year highs in 2011 on China, central banks buying - WGC

The World Gold Council reports that demand for gold hit 14-year highs last year, driven by record investment, buying in China and central bank purchases, which leapt to their highest in at least 40 years. Thursday , 16 Feb 2012

In endgame scenario, central banks will flood the system with paper

David Levenstein says that while the timing is impossible to predict, when the current situation comes to a head, central banks will be forced to print money to avoid a series of defaults and gold will benefit. Wednesday , 15 Feb 2012

Yesterday's Top Story: Diamonds from Zimbabwe shine in India

Cheap roughs from Zimbabwe have bowled over diamantaires in India, leaving diamond giants Alrosa, De Beers and Rio Tinto struggling under price and selling pressure. Wednesday , 15 Feb 2012

PODCASTS / RADIO

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Platinum Group Metals new discovery- Michael Jones

PGM CEO Michael Jones talks about the prospects of a new reef with "interesting" metal ratios the company has discovered on north limb of the bushveld complex

ANC's mine nationalisation study - Leon

Webber Wentzel's Peter Leon discusses the proposals outlined in the recently completed ANC research study on nationalisation

Iron ore growth rests on Chinese demand- Ericsson

RMG founder, Magnus Ericsson, forecasts that with China creating so much demand for iron ore, the outlook remains very positive at least for the next decade

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
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, Mooi River, SA

MINEWEB.COM'S TOP STORIES: Diamonds from Zimbabwe shine in India

2012-02-15T00:46:00.001-08:00

FEATURED PODCAST

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

Diamonds from Zimbabwe shine in India

Cheap roughs from Zimbabwe have bowled over diamantaires in India, leaving diamond giants Alrosa, De Beers and Rio Tinto struggling under price and selling pressure. Wednesday , 15 Feb 2012

Foreign engineers, geologist will review Conga project EIS

Peru's Council of Ministers has hired two Spanish engineers and a Portuguese geologist to overhaul the controversial EIS for Newmont and Buenaventura's Conga gold/copper project. Wednesday , 15 Feb 2012

Vale to resume all Sudbury underground mining

Vale expects to resume all Sudbury underground mining operations by the end of the month. Wednesday , 15 Feb 2012

Alexco heads for first resource as Flame & Moth yields more bonanza silver

A slew of drilling results show wide, high-grade silver at Alexco Resource's Flame & Moth prospect next to its Bellekeno mill in the Yukon. Tuesday , 14 Feb 2012

Without Blyvoor DRD is a gold factory

The sale of the only underground asset in its portfolio significantly alters the South African gold miner's risk profile and enables it to focus on improving grades and volumes. Tuesday , 14 Feb 2012

Helio eyes double-double on Tanzania gold ounces

In a resource update Helio grows resources to 1 million ounces at its SMP project in Tanzania. Wednesday , 15 Feb 2012

Exxaro clinches 66.59% of African Iron

According to African Iron's chairman shareholders clearly support the takeover bid which sets up an interesting play in the Republic of Congo for Exxaro Wednesday , 15 Feb 2012

U.S. judge orders Sterlite to pay Asarco $82.75m in damages

Judge Richard S. Schmidt of the U.S. bankruptcy court in Texas has ruled that Sterlite must pay $82.75 million in damages to Asarco for backing out of a deal in 2008 that could have pulled the latter out of bankruptcy. Wednesday , 15 Feb 2012

Gold prices could "easily breach $2,000" - AngloGold

The company's CEO Mark Cutifani reckons global gold prices could easily top $2,000 an ounce this year. Wednesday , 15 Feb 2012

Kumtor gold mine strike hits output

The ongoing industrial action at Centerra Gold's Kumtor mine, which contributed 11.7% of Kyrgyzstan's 2011 GDP, has impacted output, the miner said Tuesday. Wednesday , 15 Feb 2012

Xstrata Coal considers partner for Queensland project

The company is considering bringing an additional partner into its massive Wandoan coal project in Queensland, already part-owned by Japan's Itochu and Sumitomo. Wednesday , 15 Feb 2012

Fortescue sees rising iron ore prices in "near future"

Australian miner Fortescue Metals Group expects iron ore prices to rise in the near future as the Chinese steel market picks up. Wednesday , 15 Feb 2012

ArcelorMittal extends Florange plant closure - union

Union officials report that ArcelorMittal has decided to keep the furnaces at its Florange plant in eastern France idle until at least the second quarter, in response to ailing demand for steel. Wednesday , 15 Feb 2012

Areva probe critical of UraMin buy, no proof of fraud

The firm's supervisory board has not found any evidence of fraud linked to the group's takeover of Canadian miner UraMin but is critical of the way it was bought. Wednesday , 15 Feb 2012

Copper rebounds as Greek resolution is eyed

The metal rebounded Wednesday after falling for three sessions to $8,488 a tonne, as markets waited for Greece's final steps to implement a debt deal and avoid a messy default. Wednesday , 15 Feb 2012

Yesterday's Top Story: Obama budget again seeks hardrock mining royalty, new abandoned mine fees

The President's proposed fiscal 2013 federal budget calls for a 5% gross mining royalty on federal lands, and a hardrock abandoned mined land fee on all private and public lands. Tuesday , 14 Feb 2012

PODCASTS / RADIO

Platinum Group Metals new discovery- Michael Jones

PGM CEO Michael Jones talks about the prospects of a new reef with "interesting" metal ratios the company has discovered on north limb of the bushveld complex

ANC's mine nationalisation study - Leon

Webber Wentzel's Peter Leon discusses the proposals outlined in the recently completed ANC research study on nationalisation

Iron ore growth rests on Chinese demand- Ericsson

RMG founder, Magnus Ericsson, forecasts that with China creating so much demand for iron ore, the outlook remains very positive at least for the next decade

Resource nationalism a twin-edged sword - Mike Elliot

Ernst & Young's Mike Elliot discusses resource nationalism from a mining perspective as emerging markets are exploring new ways to extract more wealth from their minerals

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CONFERENCES

Date: 04 March 2012 - 07 March 2012

Venue: Metro Toronto Convention Centre (South), Toronto, Canada

2012 San Francisco Hard Assets Investment Conference

Date: 29 October 2012 - 31 October 2012

Venue: Marina Bay Sands, Singapore

Date: 27 November 2012 - 28 November 2012

Venue: San Francisco Marriott, USA

The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

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