Posts by Mineweb:

Huge new copper gold intersection at Wafi-Golpu in PNG

Newcrest today reported a staggering intersection of copper gold - 883 metres grading 2.15% copper and 2.23 grams/tonne gold at its Wafi-Golpu project. The project is part of the Morobe Joint Venture with Harmony Gold of South Africa and Wafi-Golpu is seen as the next project to develop after the now established Hidden Valley gold project in the Morobe region.

Marc Faber reckons gold and silver important in portfolio

Strong fundamentals favor gold and silver long term-not just because of money printing by central banks, but also because demand from markets like China is increasing at an extraordinary rate. Rising crude oil prices, driven by the fast-changing global

Massive Oyu Tolgoi copper-gold project may be major silver producer-Friedland

The massive Oyu Tolgoi copper-gold project in southern Mongolia is now expected to produce an average of more than 3 million ounces of silver annually during its first 10 years of commercial production. In a news release Thursday Ivanhoe Mines CEO Robert Friedland said "Oyu Tolgoi will rank as a very substantial silver producer when commercial production begins in 2013."

Kazakhmys remains confident of copper’s longer term outlook

Kazakhmys, the world's 10th largest copper miner, was confident the long-term outlook for copper remained positive as a surge in prices drove its full-year profit higher. Kazakhmys said on Thursday its 2010 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 59.5 percent to $1.93 billion. According to Thomson Reuters I/B/E/S estimates, the average EBITDA forecast stood at $1.86 billion.