EUROPE AND MIDDLE EAST

COMMENT

Gold will win the battle of the safe havens

Tuesday , 06 Jan 2009
Ultimately, as the realisation worldwide materialises that the U.S economy is hugely overstretched, gold will come to the fore as the true safe haven - but it may take some time to do so.
READER COMPETITION

Mineweb Reader 2009 gold price competition

Tuesday , 06 Jan 2009
Mineweb is once again organising a gold price prediction competition where readers may try and outdo the experts with their forecasts for the year ahead.
SMALL INCREASE

China consolidating position as world No.1 gold producer

Monday , 05 Jan 2009
China's gold output is still rising, but probably at an insufficient rate to counter the falls in production elsewhere in the world.
GOLD PRICE COMPETITION

Mineweb's gold guru of the year

Monday , 05 Jan 2009
Readers will recall that in January we launched our 2nd annual Mineweb gold price competition and the various section winners and our overall Gold Guru of the Year are noted below.
CRYSTAL BALL GAZING

Oil and gold may be best commodities prospects in 2009

Friday , 02 Jan 2009
It is a hazardous business trying to predict positive investment sectors in the current financial climate, but some commodities more than others do look as though they offer potential.
OIL OVERSOLD

Year-end leap in oil price could bode well for gold in 2009

Friday , 02 Jan 2009
With OPEC seemingly determined to drive oil back to around $100 a barrel, this should be very positive for the gold price as the dollar suffers.
TEMPORARY HALT FOR INVESTIGATION

Construction at Anatolia's Turkish gold project halted on employee death

Thursday , 01 Jan 2009
A contract employee working on Anatolia's developing gold project in turkey was killed in a bulldozer accident and work has been suspended while an investigation takes place.
VIEWPOINT

The year ahead Part 2 – Base metals prospects

Wednesday , 31 Dec 2008
The prospects for base metals in the year ahead may be better than generally foreseen by the markets, although any recovery is likely to be relatively slow.
OIL PRICE DOWN 2 PERCENT

Gold price hits new record in sterling, but still falls back in dollar terms

Tuesday , 30 Dec 2008
With traders taking profits after gold reached an 11-week high and oil falling back, the gold price lost a little ground in US dollar terms, but achieved a new record in its pound sterling price.
YEAR END VIEWPOINT

The year ahead Part 1 - What now for gold, silver and platinum group metals miners?

Tuesday , 30 Dec 2008
A look at what may be in store for precious metals and precious metals miners in the year ahead.
COPPER DOWN 27 PERCENT

Coal output up but most metals down in Indonesia in 2008

Tuesday , 30 Dec 2008
Indonesia, which has a globally significant mining sector, reports coal output rising in 2008, but most metals output fell due to low metals prices and technical problems at Freeport's Grasberg mine.
BEGGARS CAN'T BE CHOOSERS

Copper/cobalt miner Katanga in Glencore's grasp

Monday , 29 Dec 2008
Katanga Mining, with major ongoing copper and cobalt mining and metallurgical developments in the DRC, but which is in severe financial straits, has been granted a lifeline by Glencore - but at a cost!
LEFA PROJECT

Guinea gold miner told to halt production – then to restart!

Monday , 29 Dec 2008
Crew Gold reports that its Guinea subsidiary had been told to stop gold mining by the new post-coup government, but then almost immediately was told it could restart operations on Dec 29.
AUSTRALIAN SURVIVAL KIT

Australia's Golden Cross secures China alliance

Tuesday , 23 Dec 2008
Sydney-based junior Golden Cross Resources has walked away from the gathering line of Australian explorers preparing for the corporate guillotine by striking an alliance with a Chinese resource investment company.
$4 BILLION PROJECTS

India’s NALCO signs deal to build aluminium smelter and coal fired power plant in Indonesia

Monday , 22 Dec 2008
India's National Aluminium Co (NALCO) and UAE’s RAK Minerals and Metals Investment (RMMI) have signed a preliminary deal to build $4 billion worth of projects in Indonesia. Under it they will build a $2.5 billion aluminium smelter, and a $1.5 billion 1,250 megawatts power plant.
COPPER PRICES SHOULD BEGIN RISING

Europe’s No. 1 copper smelter in strong financial position

Monday , 22 Dec 2008
Europe’s largest – and World No. 3 – producer of copper metal remains in a strong financial position and would only need access to finance if it contemplates a large acquisition.
STRONG LONGER TERM OUTLOOK

Deloitte itemises the hurdles ahead for Australian mining in 2009

Monday , 22 Dec 2008
The crystal ball for senior analysts for global accounting firm Deloitte has picked up a few more potentially dark clouds for mining than have been portrayed by some of Australia’s stock market analysts – including challenges with power shortages.
FORTIS/VM REPORT

VM predicts further short term base metals price decline, but some recovery by end-2009

Friday , 19 Dec 2008
The latest metals monthly report prepared by VM Group for Fortis Bank anticipates further metals price weakness in 1Q 2009 followed by at least a degree of price recovery.
ETF SECURITIES COMMODITIES REVIEW

Gold ETF: the lifeboat in 2008's stormy seas - and has oil bottomed?

Friday , 19 Dec 2008
The latest Commodities Review from ETF Securities points out that precious metals still generally outperformed the general stock market, with gold particularly strong.
SENTIMENT REMAINS SOUR FOR THE MOMENT

Volatile highly leveraged mining stocks offer bottom fishers the strongest potential returns

Friday , 19 Dec 2008
Reuters columnist Eric Onstad finds the view that it is the highly leveraged mining stocks which will likely outperform their more financially stable peers in any upturn.
UPSIDE FAVOURABLE

Gold - positives outweighing negatives for bullion and stocks

Friday , 19 Dec 2008
Gold is showing continuing signs of strength amidst volatile general stock and commodities markets and gold stocks have done particularly well over the past two months, but there are some negative signs around in the important Middle Eastern and Indian jewellery/investment sectors.
NEXT METALS BOOM

Mining cutbacks to pave the way

Thursday , 18 Dec 2008
Mining cutbacks could pave the way for the next metals rally in two to three years.
M&A AND BETTER TIMES

The mining stocks picture is picking up strongly

Wednesday , 17 Dec 2008
Big rises from mining stock price bottoms, a resurgence in M&A activity, and an indication that finance may be becoming available again may make the mining sector shake-out survivors much stronger than before.
RIO SELLING STAKES

Rio Tinto's selling, but who's buying?

Wednesday , 17 Dec 2008
Rio Tinto is hiving off some of its stakes to pay down $40 billion in debt and market speculation is rife as to which assets are for sale and who might buy.
ASSET OF LAST RESORT

Swiss gold bullion in huge demand as trust in banks dives

Wednesday , 17 Dec 2008
Swiss gold refiners are having great difficulty in keeping up with demand for gold bullion leading to long delivery times as investors wary of other stores of wealth.
CHANGING NAME TO AURUBIS

Top copper smelter Norddeutsche expects sharply weaker Q1 2009

Wednesday , 17 Dec 2008
Norddeutsche Affinerie sees weak Q1but expects business to stabilise at lower level over year after higher than predicted 2007/2008 pre-tax profits.
$70M ALL-SHARE TRANSACTION

Eldorado completes São Bento gold mine sale to AngloGold Ashanti

Tuesday , 16 Dec 2008
Eldorado Gold is expected to use the $70 million in AngloGold Ashanti shares it gains from the São Bento gold mine sale to help complete the Efemçukuru gold project.
No results page specified. Please configure
INVESTOR HUB: Gold / Copper

   


TOP STORIES

READER VIEWPOINT

Gold's 2-year cycle

Tuesday , 06 Jan 2009
A Mineweb reader has noticed a recent two-year cycle for gold price behaviour which, if it continues will likely give some guidance to price movements this year and next.
More 

FAST NEWS

PRODUCTION CUT AT TWO MINES

Western Canadian Coal cuts production 

QUEEN MINE ABANDONS MOZAMBIQUE

Canada firm abandons Mozambique gold mine project 

KONKOLA TO PURCHASE CONGO COPPER

Zambia's mine plans to purchase Congo copper 

FURTHER PRODUCTION CUTS

POSCO says it might cut steel production further 

FIRST OF SEVERAL SHIPMENTS

Atlas ships first copper to China 

FINISH STAFF TEMPORARILY LAID OFF

Sandvik to temporarily lay off 950 staff