Posts by Mineweb:

Anglo Platinum sees six month earnings rising slightly

The world's top platinum producer said Monday that higher prices and sales of the metal were expected to boost headline earnings per share for the six months to June Anglo Platinum, the world's top producer of the precious metal, said on Monday that
Mineweb | July 11, 2011 | 10:07 am

Impact Silver Announces Fatality At Guadalupe Mill Site

IMPACT Silver Corp. ("IMPACT") regrets to announce that an employee was fatally injured on the morning of July 7, 2011, following an accident at its Guadalupe Mill in Mexico State. The mill has been closed until such time as all investigations into the
Mineweb | July 11, 2011 | 8:29 am

Medium term platinum outlook – volatility and decline!

World No. 2 platinum miner CEO, David Brown, expects a slowdown in platinum demand increase in the months ahead while CPM also suggests prices may drift. JOHANNESBURG (Sunday Times) - Platinum looks set for a couple of quarters of volatility and decline,
Mineweb | July 11, 2011 | 7:00 am

Rising copper price trend – Aurubis

Europe's largest copper producer Aurubis sees a trend for rising copper prices thanks to higher demand for more electronics goods, its chief executive told a German paper. "Even if there may be short-terms price swings in either direction... demand for copper is rising with increasing prosperity in countries such as China," Bernd Drouven told Frankfurter Allgemeine Sonntagszeitung.
Mineweb | July 10, 2011 | 6:41 pm

Rising copper price trend – Aurubis

Europe's top copper producer sees demand for copper rising as prosperity increases in developing nations foreshadowing a rising price trend. FRANKFURT (Reuters) - Europe's largest copper producer Aurubis sees a trend for rising copper prices thanks to
Mineweb | July 10, 2011 | 5:35 pm

China copper imports up 10% in May on more attractive pricing

China's copper imports rose 9.9 percent from a month ago in June on the back of more attractive import prices, while shipments of key commodities such as crude oil, iron ore and aluminium fell, data from the General Administration of Customs showed. China's imports grew a surprisingly weak 19.3 percent in June from a year earlier, slowing from the 28.4 percent pace in May, reflecting softer domestic demand as a tighter monetary policy starts to bite.
Mineweb | July 10, 2011 | 3:14 pm

Freeport’s massive Grasberg copper-gold mine strikers call for Moffett

A strike paralyzing production at Freeport Indonesia's Grasberg mine, one of the world's largest sources of copper and gold, will extend into a second week after talks broke down between the company and workers, a union official said on Friday. The union, which represents 8,000 workers who have been on strike since Monday, asked U.S.-based Freeport-McMoRan Copper & Gold (FCX.N) to send Chairman James Moffett to the remote Indonesian mine to negotiate.
Mineweb | July 10, 2011 | 3:54 am

Silver and gold ‘overbought’ and take a COMEX June thumping

Gold and silver took a thumping in late June as overbought speculative positions were unwound and gold's contraction of 132 tonnes in the net long on COMEX was the largest weekly absolute fall since mid August 2008. On that occasion the price fell by $63 or 8%, compared with late June's drop of $70 or 5%.
Mineweb | July 9, 2011 | 7:52 pm

Gold and silver as money – reasons and relevance today

The need for a stable means of exchange is as old as mankind. Cigarettes, seashells, salt, goats, dried fish, or paper all fulfilled that role at some point. Their scarceness in relation to annual production made them bad items of value storage; most commodities come with an annual flow that outweighs the stock by a long shot. Therefore in the long run only gold and silver prevailed.
Mineweb | July 9, 2011 | 7:47 pm