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Scientific rationality aside, metals prices are about to turn for the better-Ecclestone
Click here to read the whole story or read an excerpt below. By Dorothy Kosich Metals analyst Christopher Ecclestone has made what he admits is “the rather unscientific pronouncement that we suspect a turn is about to occur” in metals prices, despite the current malaise. In an analysis published by Hallgarten & Company Monday, Ecclestone observed, “The metals space seems to have... [Read more]
Junior mine developer Rubicon snatches Goldcorp veteran for top spot
Click here to read the whole story or read an excerpt below. By Kip Keen As it grows from junior explorer to junior gold miner Rubicon Minerals (TSX: RBY) pulled a deeply experienced mine operator away from Goldcorp’s upper echelons to take its top position. Rubicon said Monday that Goldcorp’s director of underground mining, [Read more] Read More →
India’s new uranium operation could host one of world’s largest reserves
Click here to read the whole story or read an excerpt below. By Shivom Seth In a major boost to India’s quest for energy security, a new uranium processing plant has recently been commissioned in Kadapa, Andhra Pradesh, which may have one of the largest reserves of uranium in the world. For a country that has been importing uranium to fuel its nuclear power plants from across the world, the commissioning... [Read more]
Asimuth grows its grade potential with Guyana gold
Click here to read the whole story or read an excerpt below. By Ross Louthean Azimuth Resources (ASX: AZH) just-released quarterly report reveals more high grade intersections at one of its prospects, the Smarts deposit, during the three months and also details some high grade hits early this month. In Guyana Azimuth holds about 8,000 square kilometres of granted leases known as the East and West Omai... [Read more]
Newfoundland/Labrador help maintain Canadian mining superpower status – Gratton
Click here to read the whole story or read an excerpt below. By Dorothy Kosich Mining Association of Canada CEO Pierre Graton said strong commodity prices, driven by growing demand in rapidly developing nations, are creating opportunities for new mine development and major mine expansions not seen in many years. In a speech to the St. John’s Board of Trade Wednesday, Gratton said, [Read more] Read More →
Endeavour Silver and Aurico Gold both winners in El Cubo transaction
Click here to read the whole story or read an excerpt below. By Lawrence Williams Followers of the gold and silver junior to mid-tier sectors will by now be well aware of the recent deal between Endeavour Silver and AuRico Gold whereby the former is to purchase the latter’s El Cubo silver/gold mine near Guanajuato in Mexico for around $200-250 million. From Endeavour’s point of view the... [Read more]
Coal of Africa Vele mine easy on the eyes and environment
Click here to read the whole story or read an excerpt below. By Christy Filen Coal of Africa’s (CoAL) Vele mine has loaded its first test batch of thermal coal destined for Asian markets and has accepted the handover of its “desert sand” painted coal washing plant from project engineers, EPE Modular Plants. The plant handed over has some interesting aspects surrounding its construction.... [Read more]
New Sumatra low cost gold project eyes peers Way Linggo and Martabe – Junior focus
Click here to read the whole story or read an excerpt below. By Lawrence Williams Talking to Julian Ford, CEO of Sumatra Copper and Gold (ASX: SUM) it is easy to be enthused about the prospects for the company’s gold exploration and development targets along the structures in Western Sumatra which also host G-Resources’ Martabe and Kingsrose’s Way Linggo operations. For the moment... [Read more]
Newmont shows willingness to improve Conga gold project
Click here to read the whole story or read an excerpt below. Newmont Mining has shown its “willingness” to improve the environmental mitigation plan for its proposed gold mine known as Conga, Peru’s government said on Monday, as it seeks to overcome opposition to the mine. Mines and Energy Minister Jorge Merino said he would confer with officials from U.S.-based Newmont to define... [Read more]
Impact may fast-track high-grade silver veins to production
Click here to read the whole story or read an excerpt below. By Kip Keen Impact Silver (TSX-V: IPT) said on Monday it was going ahead with internal studies of more high-grade silver deposits as a potential source of mill feed next year. Impact outlined its intentions in a press release in which it reported a slew of high-grade silver intercepts from the Oscar vein area, [Read more] Read More →
Two views on gold – both positive but….
Click here to read the whole story or read an excerpt below. By Lawrence Williams Two keynote speakers at Mining Journal’s Gold Day on Friday both purported to be positive on gold, but one’s ‘positive’ pronouncements raised some decided worries for gold miners – notably for gold juniors, while the other suggested a far more bullish path for the metal price. The first main... [Read more]
Silvercrest mill runs fast and furious in Q1
Click here to read the whole story or read an excerpt below. By Kip Keen Silvercrest Mines (TSX-V: SVL) pushed 16 percent more ore than planned through its mill at the Santa Elena mine in Mexico, netting it a second strong quarter of production in a row. Silvercrest outlined production results for the first quarter 2011 [Read more] Read More →
Thomson Reuters GFMS forecasts ‘just above’ $40/oz high for silver
Click here to read the whole story or read an excerpt below. By Dorothy Kosich During a presentation Thursday morning in New York City to introduce the latest edition of the Silver Institute’s World Silver Survey 2012, Philip Klapwijk, global head of metals analytics for Thomson Reuters GFMS, said the group’s short-term forecast is that silver will trade between $28.70 to $32.90 per ounce... [Read more]
Scotia Capital anticipates more gold price volatility
Click here to read the whole story or read an excerpt below. By Dorothy Kosich In their Gold Quarterly Review published Wednesday, Scotia Capital analysts forecast “high levels of volatility in the gold price to continue into the foreseeable future and expect the gold price to perform better following the summer vacation season (seasonally a weak period for gold).” [Read more] Read More →
Costs the big challenge for W. Australian gold mining
Click here to read the whole story or read an excerpt below. By Ross Louthean The organization representing the big end of mining in Western Australia told a Perth conference today that the biggest challenge for Australia’s gold sector was to win back its alarming rise in production costs, where worst case scenarios were now nudging $US1,200 an ounce. A director of the Chamber of Minerals and... [Read more]
Rio Tinto, Harry Winston on track for 24% boost to Diavik diamond production
Click here to read the whole story or read an excerpt below. By Kip Keen Harry Winston Diamond (TSX: HW, NYSE: HWD) and its mining partner Rio Tinto look to be on track to churn out 8.3 million carats in 2012 at their co-owned Diavik diamond mine – or about 24 percent more than in 2011 – according to the latest Diavik production figures. In the first quarter 2012, Harry Winston, which owns... [Read more]
Gold investment demand to remain strong in 2012
Click here to read the whole story or read an excerpt below. By Geoff Candy Investment demand for gold has grown consistently over the course of the yellow metal’s bull run and, 2012 is likely to continue this trend. [Read more] Read More →
Grade is king for gold investors currently
Click here to read the whole story or read an excerpt below. By Geoff Candy Gold miners may not have had the best run of late but, analysts remain positive about the prospects for the sector. Speaking to Mineweb at the Precious Metals Summit in Geneva, Robert Cohen, Vice President and portfolio manager at GCIC, said that the current market is likely to separate the wheat [Read more] Read More →
Atypical nickel deposit gets billion tonne-plus first resource
Click here to read the whole story or read an excerpt below. By Kip Keen ron-ore miner Cliffs Natural Resources (NSYE: CLF) and junior First Point Minerals (TSX-V: FPX) released the first official resource tally on a deposit in BC that is touted as being a potential new source of nickel alloy. The inferred resource, encompassing the Baptiste deposit on the Decar project, equated with some 3 billion... [Read more]
Top analysts see copper climbing even as China slows
Click here to read the whole story or read an excerpt below. The third consecutive annual copper shortage and accelerating U.S. growth will drive prices to the highest in a year in the next quarter, according to the most accurate forecasters. Supply will fall 278,000 metric tons short of demand in 2012, more than North America uses in a month, Barclays Capital estimates. [Read more] Read More →
