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Minesite News headlines February 09, 2010

Minews Story: February 08, 2010

Diary Of A Private Investor In the Aftermath Of Indaba: Treasure Hunting Still...

Lots of impressions are left after my first trip to Cape Town. Everyone is very - friendly even the taxi drivers who managed to charge this visitor varied prices of between 37 and 103 rand (on a meter) for a five minute journey

Full story...
Minews Story: February 08, 2010

Scotgold Resources Aims To Be Producing Scottish Gold Next Year

It has been about as bad a winter as it gets in Scotland, but even so Chris Sangster, chief executive of ASX-listed Scotgold Resources, did not use it as an excuse to slide off down to the sunshine of Cape Town for Indaba. In

Full story...
Commodities: February 08, 2010

The Trend Is Your Friend Until The Bend At The End: Man Group’s Woes Offer A Cautionary Tale To Commodities Investors

The rout in commodity prices continues, driven by a strong dollar and a general move away from assets deemed too risky. A relatively modest rise of one per cent in the dollar last week was outweighed by a 6.5 per cent fall in the

Full story...
Minews Story: February 06, 2010

That Was The Week That Was … In London

For London's miners it was a mixed week. The gains made in the first half were wiped out on Thursday and Friday as the market continued to fret about the financial health of some European countries, in particular Greece and

Full story...
Minews Story: February 06, 2010

That Was The Week That Was ... In Australia

Minews. Good morning Australia, or should we say South Africa, as you’ve been at the Indaba talking shop all week?

Oz. Still here actually. Just finishing up before heading home, so this week’s market report is a long distance

Full story...
Minews Story: February 06, 2010

That Was The Week That Was … In Canada

Minews. Now, over to our Canadian Correspondent for a look at how the Canadian markets performed over the past week.

CC. It was another ugly week for the bulls as increased concerns that some nations will default on their debt

Full story...
Minews Story: February 05, 2010

Treasure Hunting At Indaba: Diary Of A Private Investor, Day Two

With over 4,000 delegates converging on Cape Town for Indaba and many having gone on to Livingstone for the All Africa Conference it seems suddenly much quieter in the aftermath. But deals and announcements are coming thick and

Full story...
Minews Story: February 05, 2010

A New Broom Sweeps In At Eskay Mining, Bringing A Renewed Focus On Properties On The Prolific Eskay Golden Triangle

Eskay Mining, not long since known by the slightly more cumbersome name of Kenrich Eskay, has been through some major upheavals over the past few months. The key moment was when Hugh Balkam first came onto the board as chairman,

Full story...
Minews Story: February 04, 2010

The Merger Between European Nickel And Rusina Represents The First Stage In The Emergence Of A New Mid–Tier Producer

The text message from Simon Purkiss, managing director of European Nickel, was short and to the point: “well we finally did it”. He was referring to the fact that Minesite carried a story way back in May 2009 which claimed that a

Full story...
Minews Story: February 04, 2010

Encanto Potash Moves One Step Closer To A Maiden Resource On The Muskowekwan Project In Saskatchewan

All of a sudden the majors seem to be jockeying for position in potash. Late last month BHP Billiton announced that it is to acquire Athabasca Potash for C$341 million. A tidy enough sum, you might think, but one that was dwarfed

Full story...
Minews Story: February 04, 2010

Diary Of A Private Investor At Indaba: Interest Aplenty In Gold, Coal, And Iron Ore

On day one the crowds pouring in and the South African Minister of Mines, Susan Shabangu, opened with a speech saying that mining companies would “not be nationalised in her lifetime”, but said she would not oppose the proposed

Full story...
Minews Story: February 04, 2010

With Production Set To Rise To 210,000 Ounces This Year, Highland Gold Is A Company That Once Again Seems At Ease With Itself

Highland Gold’s latest trading update, released to market first thing on Wednesday 3rd February, made for pleasant enough breakfast reading. Gold production for 2009 increased up by a modest 2.7 per cent over the previous year’s

Full story...
Minews Story: February 03, 2010

Indaba Winds Down, Leaving Some Delegates Talking Of A Restart To The Super-Cycle, And Others Warning Of Choppy Waters Ahead

Day Three at the Mining Indaba in Cape Town, and the verdict is in: Success. Not outstanding, but at least according to veteran Australian stockbroker Hugh Wallace-Smith, worthy of a score of “six to seven out of 10”. Given what

Full story...
Minews Story: February 03, 2010

Allied Gold Expects Annual Production To Reach 200,000 Ounces Within A Year

Nobody should think that once a gold mining company gets into production its problems cease. Mark Caruso, the chief executive of Allied Gold, must have felt he was boxing an octopus in the quarter to end December, wondering where

Full story...
Minews Story: February 03, 2010

Serabi Mining Sets Itself A Target Of 1.5 Million Ounces As Exploration At Palito Starts To Crank Up

Over the last year or so Serabi Mining has pulled off a very neat trick. Having been knocked sideways by a raft of technical issues at its Palito gold-copper project in Brazil, and then battered by the storms in the global global

Full story...

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