Showing posts with label Mining Sector Top Stories.. Show all posts
Showing posts with label Mining Sector Top Stories.. Show all posts

Feb 5, 2014

Mining Sector Top Stories February 05, 2014: Mine planning adapting to low gold price key issue - NBF



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Top Stories | Wednesday , 05 Feb 2014

Mine planning adapting to low gold price key issue - NBF

National Bank Financial’s top picks for this year include Royal Gold, Yamana Gold and Kinross. Wednesday , 05 Feb 2014

Alaska, Nevada led US in toxic chemical releases - 2012 EPA TRI report

More than two-thirds of 2012 toxic chemical releases came from three U.S. sectors: metal mining (40%), chemicals (15%), and electric utilities (14%), says a new EPA Toxic Release Inventory Report. Wednesday , 05 Feb 2014

Carpathian gets short financial lifeline amid mine shutdown

Macquarie Bank is said to give Carpathian Gold a reprieve on debt terms - until Friday - and let it drawndown new funds. Wednesday , 05 Feb 2014

Little bits of optimism for gold miners, but still early days – Gravelle

PwC’s John Gravelle looks says there are signs of a lifting of the mood around M&A but not enough yet to say with confidence that things have turned around. Wednesday , 05 Feb 2014

SA PGM sector needs a demand kicker - Walker

South Africa’s platinum sector can’t afford to rely on old technologies and methodologies says Isondo CEO, Paul Walker. Wednesday , 05 Feb 2014

Mining M&A and the growing interest of private capital

There is, broadly speaking, about $10bn of capital that could be put to work into the mining industry from the private capital space, says Rajat Kohli. Tuesday , 04 Feb 2014

Buy while the price of gold is still supressed - Levenstein

While the price of gold remains suppressed, take advantage of the situation and accumulate more gold and silver, says David Levenstein. Tuesday , 04 Feb 2014

Higher stocks give Lonmin breathing space during strike

CEO Ben Magara says higher stocks than usual are helping the company to cope with mining strikes that are paralising its production. Wednesday , 05 Feb 2014

BlackRock’s Hambro on gold in 2014 sees price stability ahead

The manager of the world’s biggest gold stock fund is rather more positive on prospects for the gold price, particularly if sales out of the big gold ETFs cease or reverse. Tuesday , 04 Feb 2014

AngloGold sees reef-boring technology doubling mines life

The gold miner plans to extend the life of its South African mines by as much as 30 years using reef-boring technology. Tuesday , 04 Feb 2014

Goldcorp extends Osisko bid as court sets hearing

Osisko Mining reports that a Quebec court has scheduled a hearing in early March to decide if its complaints against Goldcorp have merit. Wednesday , 05 Feb 2014

Australia's Super Pit gold mine gets 8-year lifeline

Actual mining of gold-bearing ore will cease in around 5 years, though processing of ores already dug up and stockpiled has been extended from 2021 to 2029. Wednesday , 05 Feb 2014

17 South African gold miners trapped a mile underground

South Africa’s Harmony Gold has launched a rescue operation to free the miners trapped a mile underground after a fire at its Doornkop mine. Wednesday , 05 Feb 2014

Republic of Congo awards iron ore permit to Exxaro

South Africa's Exxaro has been granted a permit to start production at the Republic of Congo's Mayoko iron ore mine. Wednesday , 05 Feb 2014

Kumba Iron Ore expects key mining licence by June

The iron ore miner expects to be granted the licence for the expansion of its Sishen mine in South Africa by the end of the first half of the year. Tuesday , 04 Feb 2014

South African mines minister says law to streamline business

The bill will not create an uncertain regulatory regime, Susan Shabangu remarked Tuesday at the Mining Indaba conference held in Cape Town. Tuesday , 04 Feb 2014

Burkina Faso, Ivory Coast hand control of railway to mining firm

Burkina Faso’s premier Luc Adolphe Tiao says the operation of the Abidjan-Ouagadougou railway has been awarded to Pan African Minerals. Wednesday , 05 Feb 2014

Yesterday's top story: Silver Standard to buy venerable, but reliable Marigold mine

Part of a wave of Nevada gold mines commissioned in the 1980s and early 1990s, the Marigold gold mine may have a renewed lease on life under a new owner. Tuesday , 04 Feb 2014

Podcasts / Radio

Mining Indaba 2014: Paul Walker - Isondo CEO

South Africa’s platinum sector can’t afford to rely on old technologies and methodologies says Isondo CEO, Paul Walker.

Mining Indaba 2014: Rajat Kohli - Global Head of Mining & Metals at Standard Bank

There is, broadly speaking, about $10bn of capital that could be put to work into the mining industry from the private capital space, says Rajat Kohli.

The changing nature of the narrative of gold - Hunt

For Ben Hunt, author of Epsilon Theory, the changing nature of this narrative does not have a lot to do with the primary driver of gold prices these days.

For gold in 2014, downside risks still outwieighing upside – Turner

According to Macquarie Capital’s Matthew Turner, 2014 is going to be quite a year for gold price moves, but the average price is unlikely to be much lower than 2013.

Jan 21, 2014

Mining Sector Top Stories January 21, 2014: SA platinum sector at stake as majors, AMCU face off.

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Top Stories | Monday , 20 Jan 2014

SA platinum sector at stake as majors, AMCU face off

The South African platinum sector is bracing for a new wave of strikes in a fight that no one can win. Monday , 20 Jan 2014

Amara gold production sharply up Q on Q

The benefits of getting into the higher grade ore at Sega in Burkina Faso, positively impacted Amara Mining’s Q4 figures with estimated production for the current year put at 70,000 ounces – 65% up on 2013. Tuesday , 21 Jan 2014

Gold futures contract jumps, as does price in India

Investors flocked to Indian commodities exchange NCDEX’s new futures product, with 1,300 kg of the metal exchanging hands in the first two days of trading. Tuesday , 21 Jan 2014

On junior market bottoms from VRIC 2014

There was much talk of market bottoms at the two-day Vancouver Resource Investment Conference in Vancouver. Tuesday , 21 Jan 2014

Chinese gold imports may fall as buying frenzy calms

With the market frenzy calmed and restocking now complete, market watchers expect the pace of purchases to slow. Tuesday , 21 Jan 2014

Osisko rejects Goldcorp's unsolicited takeover bid

Montreal-based Osisko has rejected Goldcorp’s C$2.6 billion unsolicited bid because it says it is significantly below comparable transactions. Tuesday , 21 Jan 2014

Hochschild Mining tops 2013 silver production target

The miner beat its production target for 2013 and reduced costs as it attempts to improve performance in an environment of lower precious metals prices. Tuesday , 21 Jan 2014

Peru minister expects Southern Copper mine to get permit in Q2

Energy and Mines Minister, Jorge Merino, says Peru will likely approve the environmental impact study for the Tia Maria project in the second quarter. Tuesday , 21 Jan 2014

African Barrick Gold beats 2013 production guidance

The company produced 641,931 ounces of gold, beating its guidance by 7% on strong performances from its North Mara and Buzwagi mines. Tuesday , 21 Jan 2014

Asia Resource Minerals gives Bakries more time for split

The company has granted the Bakrie family 4 more weeks to fulfill requirements for their split, further delaying a step which could pave the way for its turnaround. Tuesday , 21 Jan 2014

Saracen to restart idled Australian Norilsk mines

The Australian gold producer will seek to restart the mines in Western Australia that have been on care and maintenance since 2007. Tuesday , 21 Jan 2014

Guinea names ex-finance minister as mines minister

President Alpha Conde has appointed former finance minister, Kerfalla Yansane, as the country's new mines minister. Tuesday , 21 Jan 2014

Bundesbank to recall 30-50 tons of gold from New York

The bank transferred 32 tons of gold from Paris and 5 tons from New York last year and expects to repatriate the reserves at a pace of about 50 tons a year. Monday , 20 Jan 2014

How long can gold prices be held down? - Part 1

The short answer – as long as demand in the traditional markets is either lower or the same as supply – says Julian Phillips. Monday , 20 Jan 2014

Codelco seeks fresh cash injection from Bachelet

The company is currently missing about $1 billion of the $5 billion it plans to pour into sprucing up its massive but ageing mines this year. Monday , 20 Jan 2014

Gold Fields legal chief quits amid US SEC probe

Michael Fleischer quit amid a probe by the U.S. Securities and Exchange Commission into the sale of a stake in the South Deep mine. Monday , 20 Jan 2014

Yesterday's top story: Is confidence returning to the gold markets?

The gold price and gold stock indices have been climbing, but from very low levels. Is this implied return of confidence justified? Monday , 20 Jan 2014

Podcasts / Radio

Notable physical demand keeps bearish gold thoughts in check - Steel

Emerging market demand is likely to define the market bottom for gold, says HSBC's James Steel, even if the investment climate still appears negative.

Big precious metals themes for 2014 - Brown

Nic Brown of Natixis looks at some of the big themes likely to be seen in the gold market over 2014 and explains why he is a big fan of platinum.

2013 lessons for gold and an outlook for 2014 - Ash

Bullion Vault's Adrian Ash discusses the gold market's big themes of 2013 and looks ahead to 2014.

Looking for the inflection point between gold and equities - Davies

Hinde Capital's Ben Davies discusses the inflationary and deflationary pressures affecting gold and looks ahead to 2014.

Jan 15, 2014

Mining Sector Top Stories January ,15, 2014: 846m @ 0.39% Cu and 0.24 g/t Au - Solgold, Cornerstone drilling in Ecuador.

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Top Stories | Wednesday , 15 Jan 2014

846m @ 0.39% Cu and 0.24 g/t Au - Solgold, Cornerstone drilling in Ecuador

Solgold reports a long copper-gold intercept from Ecuador in an ongoing drillhole.Wednesday , 15 Jan 2014

Mysterious ‘China Gold Stone’ makes and withdraws Allied Nevada bid within 12 hrs

Allied Nevada has contacted the SEC and the Ontario Securities Commission with its concerns regarding the existence of the China Gold Stone Mining Development Ltd., allegedly registered in Hong Kong. Wednesday , 15 Jan 2014

Goldcorp says Osisko bid comes after many spurned offers

Goldcorp started its formal bid for Osisko on Tuesday after a series of frustrated attempts to engage the company in talks about a possible deal. Wednesday , 15 Jan 2014

China grants gold import licences to foreign banks for 1st time

Sources with knowledge of the matter say China has granted licences to import gold to two foreign banks for the first time. Wednesday , 15 Jan 2014

National Mining Hall of Fame & Museum names Whittington exec. director

Preserving, sharing and honoring the story of mining’s importance to America during challenging times for the nation’s mining industry can be a formidable, but rewarding opportunity for dedicated volunteers. Wednesday , 15 Jan 2014

Gold, silver mining shares and the economic mess ahead

The availability of real money (gold and silver) is going to be curtailed dramatically in the future by a slow down in mine supply, suggests Kenneth J. Gerbino. Tuesday , 14 Jan 2014

South Africa’s AMCU threatens platinum sector strike

The union's members have already voted in favour of a stoppage at Implats over wages and will canvas its rank and file this week at Amplats and Lonmin. Wednesday , 15 Jan 2014

OZ Minerals forecasts increased copper/gold output

The Australian miner sees increases copper and gold output this calendar year after 2013 production came in at the top end of its guidance. Wednesday , 15 Jan 2014

Vale Indonesia shares jump on nickel ore export ban

Shares jumped 7% on Wednesday, extending gains after Indonesia halted mineral ore exports in an attempt to promote processing domestically. Wednesday , 15 Jan 2014

Pan Pacific fails to reach deal with BHP on copper charges

The failure to reach a deal reflects expectations of a surplus in the copper market this year after booming investment boosted new mine production. Wednesday , 15 Jan 2014

Aquarius assets at risk in race to repayment - Analysts

The platinum miner has shut three mines since 2011 after a 19% drop in prices and rising power and wage costs. Wednesday , 15 Jan 2014

Silver coin premiums to climb as US Mint supplies ease

Increasing demand for US silver coins is poised to send premiums to the highest since October even as banks predict more declines in futures. Tuesday , 14 Jan 2014

Anglo American CEO Cutifani to have hip operation

The London-based mining company says Mark Cutifani will have a routine hip operation toward the end of this month. Tuesday , 14 Jan 2014

Gold investors should bank on balance sheets - Lin

Companies that can generate cash flow and acquire assets at fire sale prices today will likely be the winners in the next wave in gold, explains Chen Lin in a Gold Report interview. Tuesday , 14 Jan 2014

Yesterday's top story: Are gold and silver prices ‘manipulated’, or not?

It is unlikely that gold and silver prices are not ‘manipulated’, given that every other market is – but the question really is whether governments and central banks are part of the process, or not. Tuesday , 14 Jan 2014

Podcasts / Radio

Big precious metals themes for 2014 - Brown

Nic Brown of Natixis looks at some of the big themes likely to be seen in the gold market over 2014 and explains why he is a big fan of platinum.

2013 lessons for gold and an outlook for 2014 - Ash

Bullion Vault's Adrian Ash discusses the gold market's big themes of 2013 and looks ahead to 2014.

Looking for the inflection point between gold and equities - Davies

Hinde Capital's Ben Davies discusses the inflationary and deflationary pressures affecting gold and looks ahead to 2014.

PMI bell ringing and gold’s love trade – Holmes

Frank Holmes discusses the implications of recent PMI data as well as interest rates, the Asian love trade and the outlook for gold equities.

Dec 3, 2013

Mining Sector Top Stories December 02, 2013: Despite record 2013 sales, Silver Eagle coin sales lag in November.

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Top Stories | Tuesday , 03 Dec 2013

Despite record 2013 sales, Silver Eagle coin sales lag in November

2013 American Gold Eagle bullion coin sales have already surpassed last year’s totals, but silver sales have fallen, although not for the reason one might think.Tuesday , 03 Dec 2013

UBS lowers 2014 gold, silver price forecasts

Gold faces a difficult year ahead, UBS predicted Monday, as the new year will likely tempt investors to move out of gold into other assets. Tuesday , 03 Dec 2013

50 shades of gold – Holmes’ views on precious metals

Frank Holmes, in the opening keynote presentation at Mines & Money London, presented his thoughts on the current gold and macro economic situations. Tuesday , 03 Dec 2013

Rockwood gets (some) Talison Lithium after all

Rockwood Holdings bulks up on lithium assets and gets a stake in its favoured lithium miner - one that not so long ago spurned it in favour of a Chinese suitor.Monday , 02 Dec 2013

Platinum and copper the metals for the end of the decade – Friedland

Robert Friedland’s presentation at MineAfrica in London avows that the supercycle is not dead and sees huge value ahead for his Ivanhoe company’s new Pt, Cu and Zn projects in South Africa and the DRC. Monday , 02 Dec 2013

Gold equity picture not a pretty one – Bristow

Recent performance by gold equities is a sad indictment of a sector that has not planned for the future, says Randgold Resources CEO, Mark Bristow. Monday , 02 Dec 2013

Munk's well-connected successor looks to fix Barrick

Barrick has underperformed many of its peers so far this year and it is hoped that the new chairman will be able to improve the group’s outlook. Tuesday , 03 Dec 2013

Portfolio pruning time to prep for new growth - Smith

The Morgan Report’s David H. Smith says, smart investors should look to cull the weakest stocks from their portfolios and reinvest the proceeds in undervalued companies. An interview with The Gold Report. Tuesday , 03 Dec 2013

Rio Tinto to halve capital spending by 2015

The global miner will cut capital spending to about $8 billion in 2015 as mineral producers conserve cash after prices fell. Tuesday , 03 Dec 2013

What are gold, silver and bitcoin doing to each other?

Prior to 2009 gold and silver were the only two forms of sound money anyone was really aware of, but then creeping slowly onto the scene was Bitcoin. Monday , 02 Dec 2013

Platinum rebound bodes well for Impala debt

Impala Platinum’s borrowing costs are set to fall as the company benefits from a forecast 18% recovery in the price next year. Tuesday , 03 Dec 2013

Yamana Gold plans $450m investment in Argentine mine

According to the Argentine government, the Canadian-based gold digger hopes to bring a gold mine in Patagonia on stream by the end of 2015. Tuesday , 03 Dec 2013

Port Hedland iron ore exports to China up 38% on year

Iron ore exports to China rose 38% in November from the same month last year in another sign of solid demand from the Asian giant. Tuesday , 03 Dec 2013

Brazil's BTG files for commodity trading/warehouses in US

BTG has applied for a licence to run commodity trading and warehousing units in the US as it beefs up its physical commodity trading business. Tuesday , 03 Dec 2013

Kolar Gold expects details of historic Indian mine sale this year

AIM-listed Kolar Gold was awarded the mining lease for the Jonnagiri gold project in central India last month. Tuesday , 03 Dec 2013

Vale approves 2014 investment budget of $14.8bn

The sleeker budget comes as the company seeks to streamline, sell money-losing units and focus on Brazilian iron ore output. Monday , 02 Dec 2013

Worker killed at Freeport McMoRan’s Grasberg mine

A worker was killed after an incident in an underground section of Freeport McMoRan’s giant Grasberg copper/gold mine on Sunday. Monday , 02 Dec 2013

Zimbabwe mining firms might be asked to triple wages

Mining firms and the main labour union have reached a deadlock in talks for 2014 after the workers group demanded that wages be more than doubled. Monday , 02 Dec 2013

Yesterday's top story: BCSC calls out questionable resource report claiming massive gold-silver resource in Nevada

Few exploration details back a Nevada company's claim it holds 2.6 billion ounces silver and 370 million ounces gold in a NI 43-101 resource estimate. Friday , 29 Nov 2013

Podcasts / Radio

A bottom for gold likely to be around $1,000 - Shaoul

“To me, the bottom of this bear market will be significantly lower than $1,250, I would bet on somewhere around $1,000”, says Michael Shaoul.

Gold Fields quarterlies - Holland

Gold Fields CEO, Nick Holland, discusses the group's quarterly results and why the group is cutting back on exploration.

The pros and cons of investing in gold coins – Demby

South African Gold coin exchange chairman, Alan Demby discusses the benefits of investing in gold coins and a few things to watch out for.

Gold demand trends Q3 results - Grubb

Marcus Grubb discusses the rise in allocated accounts, the shift from west to east and the growing popularity of high carat jewellery pieces.

Nov 27, 2013

Mining Sector Top Stories November 27, 2013:

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Featured Podcast

A bottom for gold likely to be around $1,000 - Shaoul

“To me, the bottom of this bear market will be significantly lower than $1,250, I would bet on somewhere around $1,000”, says Michael Shaoul.

Top Stories | Wednesday , 27 Nov 2013

October Chinese gold imports from HK massive 131 tonnes

Net Chinese gold imports through Hong Kong in October exceeded 130 tonnes – the second highest figure on record and showing that Chinese demand is still rising. Wednesday , 27 Nov 2013

Not so happy Thanksgiving as Hollister gold mine employees laid off

The problems of the Hollister gold mine in Nevada have bankrupted one company, impacted the economies of two Nevada counties, and eliminated the jobs of a number of miners. Wednesday , 27 Nov 2013

U.S. copper production up 10% YTD, gold up 6% - USGS

Average daily smelter and electronic refinery copper production increased by 76% and 9%, respectively for the month of July, said the U.S. Geological Survey while gold output up 6%. Wednesday , 27 Nov 2013

Consensus on gold equities suggests buy now before the great reversal

There seems to be an increasing sense among pro-gold mining analysts that the bottom is nigh and now is the time to buy as downside increasingly limited – particularly if some gold price scenarios happen. Wednesday , 27 Nov 2013

Rio Tinto unit to proceed with Oyu Tolgoi rights offer

Turquoise Hill is preparing a rights offer after failing to obtain long-term financing for Oyu Tolgoi because of disagreements with Mongolia. Wednesday , 27 Nov 2013

Hunt to fund high grade gold project in Burkina Faso begins

As Roxgold officially starts its search for debt to fund the Yaramoko gold mine in Burkina Faso, its P&CEO sounded upbeat. Tuesday , 26 Nov 2013

It takes courage, but now is the time to buy gold stocks - Adrian Day

Asset manager Adrian Day says both major and junior gold stocks are at their cheapest prices in years and represent 'stunning buys'.Tuesday , 26 Nov 2013

Best gold issues may start to melt up rather than down - Rule

Now that the overgrown forest of TSX precious metals explorers has been pruned, a few outstanding companies can finally bloom and thrive to the benefit of today’s investor. Tuesday , 26 Nov 2013

India urges exports to temper gold imports

Acceding to the fact that restricting gold imports has impacted the jewellery trade, India's Finance Minister termed the under-utilisation of gold jewellery capacity an intended consequence. Tuesday , 26 Nov 2013

It’s not a waste of time to buy gold

If gold prices continue to slide do not be beguiled into thinking that you own a barbarous relic. Things are bound to change soon. The Chinese have figured this out and are buying as much gold as possible. Tuesday , 26 Nov 2013

Platinum headline fatigue and an open letter

South Africa’s Northam Platinum has suffered strike action by its workers since Nov 3, but bemoans the fact that the world does not seem to take the country’s labour problems into account in pgm pricing. Tuesday , 26 Nov 2013

Vale tax appeal ruling delayed as deadline looms

The case, in which Vale is arguing that earnings from foreign operations can’t be taxed in Brazil if they were made abroad, will probably resume next week. Wednesday , 27 Nov 2013

After lost decades, hopes rise for DRC hydroelectric dam

For decades, governments dreamed of harnessing the Congo river's enormous energy at the Inga rapids with an expansion of the dam large enough to power half of Africa. Wednesday , 27 Nov 2013

Rio Tinto weighs fate of Australian alumina plant

Rio Tinto plans to consult workers at its Gove alumina refinery and the local community in the coming weeks before announcing its decision. Tuesday , 26 Nov 2013

AMCU postpones vote on Amplats strike to 2014

The South African union got permission for a legal strike at Anglo American Platinum two weeks ago after exhausting mediation procedures. Tuesday , 26 Nov 2013

Mozambique to launch coal bidding round in June 2014

The war-scarred southern African nation is estimated to have some of the world's largest reserves of coking coal, used in steel-making.Tuesday , 26 Nov 2013

Yesterday's top story: Junior vs. Senior - Discovery performance in charts

We take a look junior performance in Canada, versus seniors, through research provided by Richard Schodde over at Minex Consulting. Tuesday , 26 Nov 2013

Podcasts / Radio

Gold Fields quarterlies - Holland

Gold Fields CEO, Nick Holland, discusses the group's quarterly results and why the group is cutting back on exploration.

Gold demand trends Q3 results - Grubb

Marcus Grubb discusses the rise in allocated accounts, the shift from west to east and the growing popularity of high carat jewellery pieces.

Tactical investors likely to continue driving gold prices in 2014 – Brooks

According to ETF Securities, Nick Brooks, many tactically minded financial investors have pulled out of gold etfs over the past few months but the bulk of that selling has now taken place.

Gold equities, bottom fishing and the need for fresh meat - Ecclestone

Hallgarten and Co.'s Chris Ecclestone looks at why gold equities are languishing and what might get them out of their funk.


Nov 20, 2013

Mining Sector Top Stories November 20, 2013: Gold Fields Battens Down The Exploration Hatches.

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Top Stories | Wednesday , 20 Nov 2013

Gold Fields battens down the exploration hatches

Returning to a profit for the three months to September, the group remains firmly in cost reduction mode. Wednesday , 20 Nov 2013

Financially strained Venezuela reportedly cuts gold deal with Goldman Sachs

Standard & Poor’s reduced the country’s credit ratings to its lowest in eight years in June as the gold price weakened and compromised Venezuela’s ability to pay its debt. Wednesday , 20 Nov 2013

Honduras, Peru sign cooperative pact for mining development

Honduras is striving to share Peru’s expertise as a mining nation, particularly in programs that encourage foreign mining investment in Peru. Wednesday , 20 Nov 2013

China gold consumption running at over 2,000 tonnes this year – Jansen

Research suggests that Chinese gold consumption and imports are both running at considerably higher levels than data from GFMS and the World Gold Council would suggest. Tuesday , 19 Nov 2013

Sprott CEO sees gold equities recovering ‘violently’

“They will recover much more violently than the bullion prices”, says Sprott CEO Peter Grosskopf. Tuesday , 19 Nov 2013

Reasons for optimism in Australia’s specialty metals sector – Karn

Sometimes the worst of times brings out the best in people. Such is the case in Australia's mining sector, according to The Emerging Trends Report’s Richard Karn. An interview with The Mining Report.Wednesday , 20 Nov 2013

Palladium's “golden cross" signals near-term gains

Analysts say a “golden cross" set to form on palladium's chart suggests the autocatalyst metal has room to rally in the next several months. Wednesday , 20 Nov 2013

China Silver Group sees silver future in e-commerce

With e-commerce in China surging past $710.94 billion in the first six months of the year, the silver producer in China wants a larger share of the retail jewellery pie. Tuesday , 19 Nov 2013

Botswana's DTC sight sparkles for Indian diamantaires

De Beers November sight in Botswana spurs purchases by Indian diamantaires, closing at $480 million, slightly higher than estimates.Tuesday , 19 Nov 2013

Codelco offers 2014 China premiums at $138/t

Chilean copper miner Codelco has raised the premium for 2014 term shipments to China by 41 percent to a nine-year high.Wednesday , 20 Nov 2013

Gold benchmarks under review as UK probe widens

A source close to the matter says the FCA review is preliminary and hasn’t risen to the level of a formal investigation. Wednesday , 20 Nov 2013

Indonesia weighs ore ban as Citigroup raises nickel forecast

Citigroup has raised its nickel forecast, saying the proposed curbs are being mispriced by the market. Wednesday , 20 Nov 2013

ThyssenKrupp delays results as deal on US plant nears

The German steelmaker has been trying for more than a year and a half to find a buyer for its Steel Americas business. Wednesday , 20 Nov 2013

Ghana plans to introduce mining windfall tax bill

A previous bill seeking a 10% mining windfall profit tax was introduced in 2012, but was not considered by parliament and later withdrawn. Wednesday , 20 Nov 2013

JSW aims to buy major Kompania Weglowa coal mine in 2014

JSW aims to buy a major coal mine from Kompania Weglowa by mid-2014 but the deal risks being obstructed by trade unions. Wednesday , 20 Nov 2013

South Africa’s Eskom reduces power supply to BHP smelters

The power utility has reduced power supply to BHP’s aluminium smelters, in line with a deal to stabilise the national grid at times of stress. Tuesday , 19 Nov 2013

Yesterday's top story: 19 ‘tough’ questions for Eric Sprott on gold and silver

Eric Sprott recently answered a number of questions on the minds of gold and silver investors, and here are some of the ‘tough’ ones.Tuesday , 19 Nov 2013

Podcasts / Radio

Tactical investors likely to continue driving gold prices in 2014 – Brooks

According to ETF Securities, Nick Brooks, many tactically minded financial investors have pulled out of gold etfs over the past few months but the bulk of that selling has now taken place.

Gold equities, bottom fishing and the need for fresh meat - Ecclestone

Hallgarten and Co.'s Chris Ecclestone looks at why gold equities are languishing and what might get them out of their funk.

India, Fed tapering and the impact of lower tail risk for gold - Steel

According to HSBC's James Steel, the market was on a high-octane fuelled rally for a good five years so it is unsurprising things have cooled somewhat but that doesn't mean there is no further upside.

Silver's current consolidation and the coming decade - Rannestad

According to CPM Group commodity analyst, Erica Rannestad, silver prices are likely to consolidate through to 2016 before moving higher.

Nov 8, 2013

Mining Sector Top Stories November 8, 2013: Cost management remains mantra of Canadian mining companies - EY.

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Top Stories | Friday , 08 Nov 2013

Cost management remains mantra of Canadian mining companies - EY

The performance of Canadian mining equities during the third quarter experienced a slight improvement, but investors remain cautious, says EY’s Canadian Mining Eye. Friday , 08 Nov 2013

Molycorp may achieve operating breakeven cash flow - Karayannopoulos

During a presentation to analysts, Molycorp’s outgoing CEO said the company is striving to hit breakeven cash flow levels before interest expenses in early 2014. Friday , 08 Nov 2013

Higher grades, production lift Harmony in Q1

Harmony Gold moved from a headline loss to a profit in the first quarter of its 2014 financial year, boosted by higher grades and increased volumes. Friday , 08 Nov 2013

Mass permit revocation puts Mongolia's credibility back in spotlight

Again, the question of Mongolia's credibility in the mining sector rises after a decision to revoke over a hundred exploration licenses. Friday , 08 Nov 2013

Rising gold sales and lower costs boost Randgold Q3

As foreshadowed by CEO Mark Bristow at the Q2 results presentation, Randgold’s Q3 figures showed a strong rise due to lower cash costs and rising gold grades, production and sales. Thursday , 07 Nov 2013

Vale prepares to start Glencore nickel synergy talks

The two companies will seek to jointly operate nickel mines, mills and smelters in Canada’s Sudbury basin, says Vale's executive director for base metals. Friday , 08 Nov 2013

Fresh money is needed for gold equities to recover

According to Chris Ecclestone, while gold equities should be in recovery mode, a number of headwinds have left prices languishing. Thursday , 07 Nov 2013

NUM rejects Northam Platinum’s revised wage offer

The South African union has rejected Northam Platinum’s revised wage offer, extending the strike at Zondereinde mine. Thursday , 07 Nov 2013

Gold Fields to decide future of Ghana mine in early 2014

CEO Nick Holland says a decision on its loss-making Damang mine in Ghana will be reached by March 2014. Friday , 08 Nov 2013

China iron ore slips as imports fall off record high

China's imports of iron ore fell to 67.83 million tonnes in October from 74.58 million the previous month, shows customs data. Friday , 08 Nov 2013

Bumi sets date for vote on split from co-founders

The coal miner has set a date of Dec. 4 for shareholders to vote on the separation, a move it says will pave the way for a long-awaited overhaul. Friday , 08 Nov 2013

7 dead in two separate mine accidents in Albania

Five of them killed by fumes from a generator as they scavenged for scrap metal at a coal mine in the eastern Korce region. Friday , 08 Nov 2013

German bullion retailer Degussa buys Sharps Pixley

Degussa Goldhandel has bought London-based broker Sharps Pixley and expects the retail market for gold bars and coins to keep growing. Thursday , 07 Nov 2013

Paulson’s main strategies extend 2013 gains in October

John Paulson posted October gains in his main investment strategies as a stock market rally helped him extend this year’s rebound. Thursday , 07 Nov 2013

China National Gold weighs investing in Ivanhoe assets

The Wall Street Journal reported in September that China National Gold had talked to Ivanhoe about buying assets or a stake in the company. Thursday , 07 Nov 2013

LME alters warehousing rules to shorten withdrawal times

The metals exchange has altered its rules to speed up withdrawals from warehoused stockpiles. Thursday , 07 Nov 2013

Codelco asks China to take cut in H1 2014 copper shipments

Reduced term shipments from Codelco could fuel buying by Chinese importers in the spot market, supporting copper prices. Thursday , 07 Nov 2013

Lonmin chairman Phillimore to retire in 2014

Chairman Roger Phillimore will retire during 2014, though he will remain in place until a successor is found. Thursday , 07 Nov 2013

Yesterday's top story: Is the tide turning for junior gold stocks?

The AIM and TSXV junior mining indices appear to be flattening, or even beginning to pick up. Is this the time for investors to move in again, or is it another false dawn? Wednesday , 06 Nov 2013

Podcasts / Radio

Gold equities, bottom fishing and the need for fresh meat - Ecclestone

Hallgarten and Co.'s Chris Ecclestone looks at why gold equities are languishing and what might get them out of their funk.

India, Fed tapering and the impact of lower tail risk for gold - Steel

According to HSBC's James Steel, the market was on a high-octane fuelled rally for a good five years so it is unsurprising things have cooled somewhat but that doesn't mean there is no further upside.

Silver's current consolidation and the coming decade - Rannestad

According to CPM Group commodity analyst, Erica Rannestad, silver prices are likely to consolidate through to 2016 before moving higher.

Expect gold to bump along the bottom for some time still - Kendall

This to us is a bear market, says Credit Suisse's Tom Kendall of the gold market, but there still seems to be a surprising number of participants who refuse to accept that.

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Asia-Pacific Markets at Close Report on Friday 16, April 2021: Asia-Pacific Markets EDdge Higher Awaiting to the Release of Chinese Economic Data.

ASIA-PACIFIC MARKETS   cnbc.com Asia-Pacific stocks edge up as China's first quarter GDP print slightly misses expe...