Posts by Mineweb:

Gold price above $2,000 or below $1,000 unsustainable – BofA

BofA Merrill Lynch said an investment demand required to sustain gold prices in a range of $1,500-2,000 per ounce could be feasible in the next five years. The brokerage believes investment has had a critical influence on the gold market and investor buying is the key to its long-run supply and demand balances.

Golden Cross visualises a staged commissioning of Copper Hills

Explorer, Golden Cross Resources, (ASX: GCR) has told shareholders that it is looking to start up its Copper Hills project in New South Wales in a staged build up of development to minimise up-front costs. The company plans to develop Copper Hills near Molong on an initial mining rate of between 2-3 million tonnes per annum, and a staged build-up that could see selective high grade mining and low grade stockpiling in the early years.

China’s share of global rare earth output to drop steeply

China's global share of rare earth output will drop steeply in the next two years as other countries ramp up production to compensate for domestic curbs on mining the minerals, a former government official and future rare earth group chief said. The country's rare earth output would drop from 95 percent of global output to 60 percent, reversing global reliance on China, Wang Caifeng, a former Ministry of Industry and Information Technology (MIIT) official told the official China Daily.

House Subcommittee to review U.S. gold reserves audit bill Thursday

Rep. Ron Paul, R-Texas, may be yet again running for President, but he has not abandoned his quest for an independent audit of U.S. gold reserves. A hearing is scheduled this Thursday before Paul's House Subcommittee on Domestic Monetary Policy and Technology on Paul's bill demanding an audit of all gold in the United States.

Gold in sterling hits record

Gold priced in sterling hit a lifetime high around 954 pounds boosted by continued concerns about the debt crisis in Europe Gold priced in sterling struck a lifetime high around 954 pounds on Wednesday, fuelled by lingering worries about the debt crisis

Resource Star Livingstonia uranium project resource update

Resource Star Limited has completed an independent update of the Mineral Resource Estimate for the Livingstonia Uranium Project in Malawi, south-eastern Africa. Increases in both tonnes and grade are based on the 1,500m of drilling completed in late

FLSmidth wins large cement project in Nigeria

Company Announcement to the Danish Financial Supervisory Authority No. 13-2011, 22 June 2011. FLSmidth has received an order from the Nigerian company, BUA International Limited, to supply a complete 6,000 tonnes per day cement plant in Nigeria.

Republic Gold – Successful $5.5M capital raising

Republic Gold Limited (AXS: RAU) advises that fully paid shares and options subscribed for in the recent Rights Issue have now been allocated and issued. The total capital raised under the Offer was $5,572,017.