TOP STORIES | Friday , 14 Dec 2012
China now world's largest market for silver investmentChina’s growing importance to the global silver market has been fueled by more investment demand, modernized mining practices, and the nation’s status as the world’s 2nd largest silver fabricator, says Thomson Reuters GFMS. Friday , 14 Dec 2012 |
ArcelorMittal reduces Baffinland Iron Mines stake to 50%ArcelorMittal and Nunavut Iron Ore will now each hold a 50/50 stake in the massive Mary River Iron Ore Project as the latter's stake is increased. Friday , 14 Dec 2012 |
China growth to underpin 2013 copper prices at high levels – Goldman SachsThe bank says improved economic activity, especially in the Chinese housing sector, should make 2013 a solid/bullish year for copper. Friday , 14 Dec 2012 |
Egypt tightens screws on Centamin Gold - Nationalisation prelude or hardball bargaining?Centamin, with its rapidly growing Sukari gold mine in Egypt – the country’s only modern mining operation, had been seen as a major gold mining success story – but perhaps no longer... Thursday , 13 Dec 2012 |
Junior lithium producers in spotlight as takeover targets for RockwoodThough there isn't another Talison out there for Rockwood, speculation mounts nonetheless about alternatives. Here's a few. Friday , 14 Dec 2012 |
Warning: the following post displays a C$70,000 diamondStornoway Diamonds cut some spectacular diamonds in a recent bulk sample. Friday , 14 Dec 2012 |
Palamin deal all about the magnetite - IDCSouth Africa's Industrial Development Corporation sees Palamin's 240 million tonne magnetite dump as a great feed source for a second South African steel producer. Thursday , 13 Dec 2012 |
Seabridge Gold upping exploration for higher grades at KSMCanadian explorer Seabridge is continuing to add value to its massive KSM project in BC, Canada with a new drilling programme to continue its search for higher grade ore zones. Thursday , 13 Dec 2012 |
Outgoing Norilsk Nickel CEO to get $100m severance dealSources close to the company say Vladimir Strzhalkovsky will receive a one-off payment of $50 million and two further payments of $25 million each after six months and one year. Friday , 14 Dec 2012 |
Workers at Peru’s Southern Copper agree to two-day strikeUnion leader Adrian Mamani says workers at the main units of Southern Copper will go on strike December 24 and 25 and are demanding a 15% wage increase. Friday , 14 Dec 2012 |
Mine automation’s future in AustraliaAustralia’s CSIRO and equipment manufacturer Sandvik are making good progress on mine automation with communications technology key to further developments. Friday , 14 Dec 2012 |
South Australia scrambles to fill $28bn Olympic Dam holeThe state had counted on BHP Billiton’s expansion of the Olympic Dam mine to kick-start growth in an economy with a fading manufacturing base. Thursday , 13 Dec 2012 |
Outotec gets marketing rights for Ausmelt TSL zinc fuming technologyOutotec has regained the global marketing rights to Ausmelt's TSL zinc fuming technology in a deal with Korea Zinc. Friday , 14 Dec 2012 |
KGHM applies for Kazakh exploration licenceCEO Herbert Wirth says the company has placed a bid for a copper and other metals exploration in Kazakhstan. Thursday , 13 Dec 2012 |
Sierra Leone iron ore mining awakens ghosts of warFor workers and townspeople of Bumbuna, the violence that erupted in April around a nearby iron ore mine is awakening the very ghosts of war that mineral-led growth is meant to lay to rest. Thursday , 13 Dec 2012 |
Assore on winning streak as production expandsSouth Africa's Assore extended its rising streak to 8 straight days to a record high as investors showed their support for an expansion of production capacity. Thursday , 13 Dec 2012 |
Kumba, ArcelorMittalSA reach fresh pricing dealSouth Africa's Kumba Iron Ore will supply up to 4.8 million tonnes of ore at $65 per tonne next year as the companies try to resolve a pricing dispute. Thursday , 13 Dec 2012 |
Silver fighting to stay above $33 but may not succeedThe technical picture shows that gold and silver’ trading range is narrowing again, warning that a strong move either way is expected shortly. Thursday , 13 Dec 2012 |
Coal of Africa re-hires sacked South African workersThe company has re-hired the 178 workers it sacked last week for going on an illegal strike at its Mooiplaats mine. Thursday , 13 Dec 2012 |
Yesterday's top story: Gold analysts ignoring 40% of the market - Clyde RussellClyde Russell reckons the reason gold analysts are struggling to determine the direction of prices is because they’re ignoring 40% of the market, China and India. Thursday , 13 Dec 2012 |
PODCASTS / RADIO |
High grade, stock ownership and other important factors for a successful gold miner - McEwen“I like what I see going forward.... If you can access capital and you can deliver a return to shareholders you're going to be ok and your shareholders are going to do well.” |
Patience the key to playing today’s rare earths market – Chris BerrySpeaking to Mineweb in London, Chris Berry, President of House Mountain Partners looks at the lay of the rare earths land and explains why he currently prefers graphite. |
Gold miners need to do something drastic - Mark BristowUnless something changes, the gold sector could well face similar problems to those being seen in the platinum sector, Randgold CEO, Mark Bristow says. |