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Jan 18, 2013

Mineweb Top Stories (January 18, 2013.: Coeur expects strong 2013 after record 2012 gold output

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TOP STORIES | Friday , 18 Jan 2013                                                     

Coeur expects strong 2013 after record 2012 gold output

Idaho-based Coeur d’Alene Mines plans a significant expansion at its Coeur Rochester operation near Lovelock, Nevada.    Friday , 18 Jan 2013

All change at the top – Top global mining CEOs an endangered species

Nearly all the world’s top industrial and gold mining companies have been, or are in the process of, changing their CEOs. What impact will this have on future metals production?    Thursday , 17 Jan 2013

Governor, lawmakers see Wisconsin’s mining past as the door to its future

With the introduction of two new mining bills this week, Wisconsin stands on the threshold of reestablishing its mining legacy.    Friday , 18 Jan 2013

Glencore pushes Xstrata merger completion back 6 weeks

Citing lengthy antitrust regulatory processes in China and South Africa, Glencore has pushed back the date for completion of its merger with Xstrata for the second time.    Friday , 18 Jan 2013

Demise of Rio Tinto CEO heralds risk-off management era - Russell

Reuters market analyst, Clyde Russell, reckons the sacking of Tom Albanese heralds a new era of conservative management of the world's top mining companies.    Friday , 18 Jan 2013

Investment interest driving platinum demand growth in India

Demand for the rare metal has risen by over 30% in the last two months on the back of a growing awareness of the metal's investment potential.    Friday , 18 Jan 2013

Renowned Canadian diamond prospector sues BHP, Harry Winston over Ekati sale

Harry Winston says it and BHP are being sued by C. Fipke Holdings, a company run by Charles Fipke.    Thursday , 17 Jan 2013

Calamitous acquisitions set heads rolling at Rio Tinto

Rio Tinto announced Thursday it would report impairments of $14bn for the FY related to the group's aluminium business and its recently acquired Mozambique coal assets.    Thursday , 17 Jan 2013

Alexco silver production rises in 2012

Alexco silver betters its silver output by six percent in 2012.    Friday , 18 Jan 2013

Is the Amplats restructuring a silver bullet for platinum?

While prices have recovered sharply in the run-up to the announcement, experts say the sector is only likely to pick up properly toward 2015.    Thursday , 17 Jan 2013

Rio Tinto looks to iron ore boss to restore fortunes

Sam Walsh has for the past nine years led Rio Tinto’s iron ore division to where it now generates nearly all of the group’s profits.    Friday , 18 Jan 2013

Amateur Australian prospector finds huge gold nugget

The prospector discovered the 5.5 kg nugget near the town of Ballarat and in an area known as the "Golden Triangle" due to its rich veins which sparked a gold rush in the 1850s.    Friday , 18 Jan 2013

U.S. Mint runs out of 2013 silver coins and suspends sales

Sales to authorised dealers will resume on or about the week of Jan. 28 after the U.S. Mint has replenished its inventory, it said in an email on Thursday.    Friday , 18 Jan 2013

Colombia to allow some firms to keep mining in wilderness park

Energy Minister Federico Renjifo says miners already operating inside the park's boundaries in the country's northeast will be able to continue as long as they have the right permits.    Friday , 18 Jan 2013

Glencore shares suspended on Friday - HKEx

According to a filing on the Hong Kong exchange, trading of Glencore International Plc shares was suspended on Friday.    Friday , 18 Jan 2013

SA should nationalise mines that Amplats plans to close

Trade union AMCU says the mines that Amplats plans to close down should be nationalised and wants Mines Minister Susan Shabangu to reissue unused mine permits.    Thursday , 17 Jan 2013

Aquarius bonds rising as Amplats bears the pain

Since Amplats announced its restructuring plan 2 days ago, yields on December 2015 dollar bonds of Aquarius Platinum slid 158 basis points to an eight-month low.    Thursday , 17 Jan 2013

African Barrick Gold’s annual output falls 9%

Tanzania-focused African Barrick Gold posted a 9% drop in annual production despite a pick-up in mining in the fourth-quarter.    Thursday , 17 Jan 2013

Eritrea rejects HRW claim of forced labour at gold mine

The government of Eritrea has rejected a report by Human Rights Watch that said forced labour was used to build a gold mine it owns with Canada’s Nevsun.    Thursday , 17 Jan 2013

Yesterday's top story: High gold prices push India's farmers toward silver

Silver artifacts and jewellery have made their way into farmers' hearts and homes across India as a cheaper alternative to the more expensive gold for investment purposes.    Friday , 11 Jan 2013

PODCASTS / RADIO                                                     

Perceptions and reality in the mining sector - Solomon

'If one can get consensus on what the real underlying issues are, one can begin to address them,' says mining analyst and former Wesizwe Platinum CEO Mike Solomon.

GFMS Gold Survey Update 2 – Philip Klapwijk

Thomson Reuters GFMS’s global head of metals analytics looks at the reasons it believes gold is going to average $1,847 in 2013.

Amplats’ stakeholders weigh in on proposals and implications

“The industry is not going to fix itself, but the profitability of the operations, with half of the platinum industry – not just Anglo Platinum – loss-making at the moment, this is not only affecting Anglo American Platinum.”

Cash focus and capital strike to be mining watchwords in 2013

According to Ernst & Young's Mike Elliott, 2012 was a transition year for the mining sector with costs once more coming heavily into focus.

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