WHATS NEW

Verde potash process ‘seeing is believing' - analyst

Friday , 03 Feb 2012
Mackie Research's Jaret Anderson describes a novel solution to make conventional potash after visiting the Verde Potash's demonstration plant in Allentown, Pennsylvania.

Gold slips as US delivers better-than-expected jobs figures

Friday , 03 Feb 2012
The release of better-than-expected US jobs figures on Friday saw the yellow metal surrender previous gains that had taken it to $1,762/oz, its highest level in 11 weeks.

Gold at highest in 11 weeks as investors wait for US jobs data

Friday , 03 Feb 2012
Spot gold hit a high of $1,762.90 in early trade but failed to maintain traction ahead of key U.S. payrolls data later in the day.

Why gold stocks are a better play than bullion

Friday , 03 Feb 2012
According to David Rosenberg, the past decade of consistent gains doesn't necessarily mean investors should be running out and stashing all their wealth in gold coins but, it does suggest that there are some great opportunities to be had in gold mining stocks.

Analysts offer bullish gold outlook for 2012

Friday , 03 Feb 2012
Investor confidence in gold has analysts predicting higher prices of over $2,000 an ounce this year, with silver just as bullish seen at a high above $50.

Where is gold heading?

Friday , 03 Feb 2012
Gold prices had a great time of things in January but, as Joel Anderson reports, both bulls and bears are out in full force when it comes to predicting its next move.

Gold, silver stronger as tide continues to favour precious metals

Friday , 03 Feb 2012
Silver is showing a higher testosterone level than gold at the moment, refusing to pull back with gold but, leading the on the rise.

Indian investor interest in silver surging

Friday , 03 Feb 2012
With the predicted 7% expansion in global demand in 2012 to an unprecedented 968 million ounces, investors in India are using silver as an inflation hedge hoping that demand will be sustained by global concerns.

Research shows silver to be as efficient as chemo in treating cancer

Friday , 03 Feb 2012
University of Leeds research in the UK has shown silver to be as efficient at killing off cancerous cells as leading chemo therapty drug and may have fewer side effects.

NMDC hastens investment of $943 million

Friday , 03 Feb 2012
Cash rich Indian government company NMDC with $3.6b reserves, has clocked a 22% rise in its quarterly net profit mostly on the back of higher sales and is to diversify into five new areas of business.

Panorama proposes takeover of Canadian PGM explorer Magma

Friday , 03 Feb 2012
The successful W. Australian nickel miner is offering almost a 87% premium for Perth-based PGM explorer Magma in an all-share offer.

Canadian mining entering period of significant, sustained growth--MAC

Friday , 03 Feb 2012
The Canadian Mining Association says the sector will need to hire more than 100,000 people within the next decade.

Fiery CEO personalities may clash in Glencore/Xstrata talks

Friday , 03 Feb 2012
According to analysts, one of the key sticking points in a merger of equals will be who gets to run the enlarged firm with both firm's highly competitive CEOs likely to be up to the challenge.

New Gold reports record 2011 gold production, offers 2012 guidance

Friday , 03 Feb 2012
Vancouver-based New Gold has issued a 2012 gold guidance of 405,000 to 445,000 ounces. And, it says, it will produce in the range of 1.9 million to 2.1 million ounces of silver.

Kazakhstan's 2011 uranium output up 9%

Friday , 03 Feb 2012
Kazakhstan maintained its position as the world's largest producer of uranium in 2011 as it ramped up output by about 9% to 19,450 tonnes.

Zijin Mining forecast 2011 profit rose 20%

Friday , 03 Feb 2012
In a filing to the Hong Kong bourse, the miner reported Friday an estimated 5.8 billion yuan profit for 2011, up 20% from 2010.

CME Group launches clearing service for London gold forwards

Friday , 03 Feb 2012
The company's European clearing house has launched clearing services for the first physically settled product for over the counter London gold forwards.

2012 drilling demand: No let up in sight from juniors, seniors

Friday , 03 Feb 2012
A couple international drilling companies give their outlook on the 2012 drill season to Mineweb, suggesting demand is high from seniors and holding steady for juniors.

Anglo American CEO recovering after horse-riding accident

Thursday , 02 Feb 2012
She has been advised by her doctor not to travel internationally for about two months.

Glencore's Xstrata offer more a relief than a surprise

Thursday , 02 Feb 2012
Most market commentators polled by Mineweb on Thursday seemed largely unsurprised by the announcement of a possible merger between the two firms but, there may be some fun and games yet.

NovaGold widens pot, to raise up to $382 million

Thursday , 02 Feb 2012
NovaGold goes for $333 million dollars by issuing what amounts to about a seventh the number of its current outstanding shares.

Implats Strike Escalates

Thursday , 02 Feb 2012
Impala Platinum's share price took a pounding in trade on Thursday as industrial action took a turn for the worse at its Rustenburg operations.

Amplats to invest R2.6bn in Bokoni Platinum Mine

Thursday , 02 Feb 2012
This capital development programme means the mine can now target 245,000 ounces by 2016, an increase of 100,000 ounces.

Metalloinvest predicts 20-30% fall in 2012 sales

Thursday , 02 Feb 2012
The Russian miner has forecast a 20 to 30% fall in sales this year due to depressed iron ore prices, adding that it has no immediate plans to revisit IPO ambitions.

Gold capitalises on low interest rate environment

Thursday , 02 Feb 2012
While the gold price slipped 0.5% from a new 8-week high Thursday morning, it seems the US Federal Reserve's stance to keep interest rates low for some years has reinstated investor confidence in the metal.

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