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COAL

Fear not the 'Glenstrata' giant, say coal customers

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Big coal buyers should not fear the merger of miner Xstrata and trader Glencore into a dominant trading force, say customers who already rely on the two for supplies of coking coal for steel and thermal for power generation. They say the tie-up,...

By: Reuters

8th February 2012

GOLD

Yukon-Nevada inks $20m gold forward-sales deal with Deutsche Bank

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Yukon-Nevada Gold Corp on Wednesday said it agreed to sell future gold production forward to Deutsche Bank to fund operations and expansion at its Jerritt Canyon mine in Nevada. Under the agreement, Toronto- and Frankfurt-listed Yukon-Nevada is...

By: Matthew Hill

8th February 2012

IRON-ORE

Mbalam project key to 'unlocking' new African iron-ore frontier

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The Mbalam project is at the heart of an emerging iron-ore province that will be of considerable significance in years to come, Sundance Resources project director David Meehan told the Investing in African Mining Indaba in Cape Town on...

By: Jean McKenzie

8th February 2012

NICKEL

Nickel vulnerable to weak China imports, slow demand

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A month-long rally in nickel prices risks running out of steam as import demand from top consumer China eases due to a well supplied market and a lack of appetite in Europe saps demand for stainless steel. Benchmark nickel on the London Metal...

By: Reuters

8th February 2012

URANIUM

Extract expects uranium supply gap by the time Husab starts production

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Less than four years after the Husab uranium deposit in Namibia was first discovered the project was now ready for development, Extract Resources CEO Jonathan Leslie told the Investing in African Mining Indaba in Cape Town this week. Leslie said...

By: Jean McKenzie

8th February 2012

BASE METALS

Ivanplats says DRC copper project Africa’s largest

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Ivanplats CEO Robert Friedland said on Wednesday his company was developing Africa’s largest copper project in the Democratic Republic of Congo (DRC). “This is the project that we think will set the mark for the rebirth of the mining industry...

By: Jean McKenzie

8th February 2012

LEGISLATIVE ENVIRONMENT

ANC mine study seeks new taxes, buries nationalisation

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A study submitted to South Africa's ruling ANC to reform its vital mining sector proposes a 50% tax on profits and rejects nationalisation as an "unmitigated disaster" for Africa's largest economy. Although it delivers a hammer blow to calls for...

By: Reuters

8th February 2012

PLATINUM

Heightened risk of platinum supply disruption – Lonmin

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The risk of a disruption of the supply of platinum from South Africa had heightened, Lonmin CEO Ian Farmer said on Wednesday. Farmer told the Mining Indaba conference in Cape Town that, while supply disruption would have a marked impact because...

By: Martin Creamer

8th February 2012

Topics in these articles

Company	Continent	Country	Currency
BHP Billiton Numis Securities Xstrata Deutsche Bank Yukon-Nevada Gold Corp Sundance Resources Extract Resources Ivanhoe Mines Reuters Lonmin	Asia Europe North America Africa	China Canada Cameroon Republic Of Congo Greece India Japan Namibia Congo Democratic Republic Of Congo Australia Chile South Africa Venezuela	USD
Industry Term	Person	City	Facility
Advisory Services Big Coal Buyers Rival Mining Heavyweights Steel Bank Stainless Steel Mining Platinum Producer High Electricity Prices	Andy Davidson Glencore Liam Fitzpatrick David Meehan Markus Moll Jonathan Leslie Robert Friedland Julius Malema Ian Farmer	Frankfurt Toronto Vancouver Cape Town Rotterdam Johannesburg	Jerritt Canyon Mine Rössing Mine Kipushi Mine Polish Kupferschiefer Mine
Natural Feature	Province Or State	Entertainment Award Event
Jerritt Canyon Cameroonian Coast	Nevada Kolwazi	Sundance