Oct 1, 2013

Mining Sector Top Stories October 1, 2013: Newmont bids for Las Bambas to beef up copper assets - CEO Goldberg

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Petmin, the coal market and SA labour issues - Cockeril

Petmin Executive Chairman, Ian Cockeril discusses Petmin's FY results, the need for better communication between labour and management and the current state of the steel cycle.

Top Stories | Tuesday , 01 Oct 2013

Newmont bids for Las Bambas to beef up copper assets - CEO Goldberg

Newmont, which began as a copper-gold miner in the early 1900s, is seeking to increase its copper mining operations as “pure gold plays” appear to be losing favor with investors. Tuesday , 01 Oct 2013

A different animal! Long term South African platinum game changer?

Canada’s Platinum Group Metals is hugely excited about its Waterberg palladium/platinum/gold discovery in South Africa to the north of the Bushveld Complex. Monday , 30 Sep 2013

Investors roll snake eyes in $2.4m Vegas precious metals scam

Retail investors doing business with Lions Wealth Capital, 20/20 Precious Metals, and entrepreneur Bharat Adatia learned investing in precious metals can be a big gamble. Tuesday , 01 Oct 2013

US gold coins demand down 81% in September

Demand fell 81% as political turmoil in Syria failed to rekindle retail buying that has slowed after months of exceptional bargain hunting. Tuesday , 01 Oct 2013

Why good economic news should send gold to new heights - Coxe

"Gold rose along with the Fed balance sheet for years. The two have decoupled in the last two years," says BMO Asset Management's Don Coxe. Tuesday , 01 Oct 2013

Mongolia confident of resolving Oyu Tolgoi disputes by Dec

The government is confident it can resolve disputes with Rio Tinto over the expansion of the Oyu Tolgoi mine by December 31. Tuesday , 01 Oct 2013

Gold ETF outflows resume – will they continue?

Has selling resumed from the gold ETFs? The latest figures suggest it may have, but volumes are perhaps not strong enough to discern a definitive trend – yet. Monday , 30 Sep 2013

Cash heavy but project light, Chalice Gold reshaping begins

Chalice Gold makes a bid for Coventry Resources and entry into territory around New Gold's Rainy River gold project in Ontario. Monday , 30 Sep 2013

Absa’s palladium ETP may not attract same demand as platinum

The South African bank reckons its planned platinum ETP may not attract the same demand as its NewPlat platinum product. Monday , 30 Sep 2013

India current account gap below estimates as gold imports curbed

The deficit was $21.8 billion in April through June, compared with $18.1 billion in the previous quarter, the Reserve Bank of India said. Tuesday , 01 Oct 2013

PBOC mulls expansion of qualified gold importers list

Under draft rules released by the central bank yesterday, financial institutions and companies that produce more than 10 metric tons of gold a year, may be considered for the list. Tuesday , 01 Oct 2013

Nyrstar agrees European zinc marketing deal with Noble

Under the agreement, Nyrstar will set aside 200,000 tonnes per year of commodity grade and continuous galvanising grade zinc for Noble. Tuesday , 01 Oct 2013

Norilsk Nickel agrees to possible lower 2013/14 dividend

The company has already paid $1.9 billion in dividends for 2012 and was expected to declare at least $3 billion this year. Tuesday , 01 Oct 2013

Peru exports more illegal gold than cocaine - Quartz

According to a recent report by international labour watchdog Verité, over 20% of the gold being mined in Peru is produced illegally. Tuesday , 01 Oct 2013

Miners rally as Amplats strike enters fourth day

Around 2,000 striking miners from Anglo American Platinum’s South African mine rallied on Monday to protest planned job cuts. Monday , 30 Sep 2013

Chile's copper output rises up 7.6% in August

The country is struggling with dwindling ore grades in many of its ageing deposits, although new mines have helped increase output this year. Monday , 30 Sep 2013

SA union signs wage deal in coal sector, averts strike

NUM has signed the coal wage agreement, averting a possible strike that could have hit exports and supplies to power utility Eskom. Monday , 30 Sep 2013

DRC mine operators risk losses due to power shortages

The government says mine operators risk “enormous losses” because of power shortages in copper and cobalt-rich Katanga province. Monday , 30 Sep 2013

Yesterday's top story: Junior cash crisis mounts. No quick turnaround.

Calling them zombies is being kind as cash stores under $200k dwindle for a near majority of Venture equities. What can you do with that? Friday , 27 Sep 2013

Podcasts / Radio

SA gold miner silicosis class action moves forward

With upwards of 27,000 current claimants, public interest attorney, Richard Spoor discusses the current state of the pending silicosis class action suit against SA's gold producers.

Gold, China and manipulation - Eric Sprott

Speaking just ahead of a round table discussion on where the global market is headed, Eric Sprott discusses the current state of the gold market and the shift from west to east.

Gold may edge its way towards $1,500 early next year - O’Connell

"We can see the potential for the market to edge its way towards $1 500 towards the start of next year", says Rhona O’Connell, head of metals research forecasting at Thomson Reuters.

Gold, Syria and a receding sense of crisis

Adrian Ash discusses the impact of the crisis in Syria on gold prices and what he expects from the last quarter of the year.

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