Mineweb Newsletter - 4 Mar 2010

TOP STORIES | Thursday , 04 Mar 2010

Yamana exceeds 1M gold equiv ounces in 2009

Yamana plans to build on existing production through mine expansions and throughput increases, new mine development, exploration and targeting “other gold consolidation opportunities in the Americas.”    Thursday , 04 Mar 2010

HudBay 4Q09 earnings hit by lower copper output, suspension of operations

HudBay’s proposed takeover of Lundin was terminated, causing its board of directors and CEO to resign last year. Nevertheless, HudBay reported a $39.4 million increase in earnings in 2009.    Thursday , 04 Mar 2010

The song, dance, bad fever, of gold stocks

That Barrick name popped up, amid the aroma of a three Windhoek draughts, Africa’s finest lager.    Wednesday , 03 Mar 2010

Gold provides stability in a sea of easing

Despite some apparently poor fundamentals, gold could well be set for a further rise this year as investor sentiment remains strong.    Thursday , 04 Mar 2010

ArcelorMittal SA limps back into action

Kumba Iron Ore retains the high moral, and financial, ground, in a grinding showdown.    Wednesday , 03 Mar 2010

Commodity prices outpacing global recovery - CIC

The Chinese sovereign wealth fund says the increase has been fuelled by loose monetary policies globally    Thursday , 04 Mar 2010

Jubilee Platinum shares surge on announcement it is in talks

Analysts say the group’s ConRoast smelting technology could be behind recent interest in the company    Thursday , 04 Mar 2010

Kazakmhys posts 26% drop in core profit, resumes dividend

The group blames the fall on a drop in copper prices and output    Thursday , 04 Mar 2010

New coking coal indices launched

The indices, created by Energy Publishing are intended to help the industry move away from annual contract pricing    Thursday , 04 Mar 2010

Aurubis says it is likely to post significant operating profit improvement

But, the group said it was still too early to apply the group’s Q1 performance to the full year    Wednesday , 03 Mar 2010

Osisko Mining says mining equipment costs, particularly tires coming down

The group said prices on items like oversized truck tires have come down from boom prices and suggested that miners who have planned costs based on 2007-08 prices could be in for savings    Thursday , 04 Mar 2010

Outotec signs big Codelco contract

The company has committed to design and deliver a a copper concentrate roasting plant, gas cleaning system and sulphuric acid plant for the company’s new Mina Ministro Hales mine    Wednesday , 03 Mar 2010

Yesterday’s Top Story: RBC says silver demand will continue to outpace new mine supply

RBC Capital Markets estimates that most silver equities will be reflecting a long-term silver price of $13/oz, well below the current spot price of $16.44/oz.    Wednesday , 03 Mar 2010

Lifeboat @ 18:34 pm

right o,me too. amazing that 10yrs have gone by!

www.youtube.com/watch?v=4KP9PNSUME4

one liner’s

“When I was a kid my parents moved a lot, but I always found them”

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KitcoB

Ease up, bro. PMFever has been around here a lot longer than you, and certainly knows the difference between inflation and sucking eggs.

I’m sure having an ‘Armstrong’ zone permanently wired into the pleasure centre of your brain must feel continually good, but there are other opinions. Here’s one, for example. I learned my ABCs from Jim Puplava at Financialsense. It’s 10 years since he predicted concurrent inflation and deflation, and I think he nailed it.

Inflation

Construction industry in the crapper-but received notice today that drywall will increase 20% and steel framing 15% March 15.

Wanka Rules….welcome back oh Keeper of the Lamposts


Kitcoboy….You are a man of the world….you travel all day every day

…..you speak with Wealthy Europeans…You arrange Billion Dollar Deals….you cross the Country weekly…

…..you sound like an old poster from way back…who we all had fun with….Mountaingold…also Mooseshama….

……I am surprised a man of you stature stoops to such Name calling and trash Talking when adressing another poster with views different from your own…like PMF….I assure you he is no country bumpkin as you want to make him out to be

…..I hope you take that post just now by grin…and do a little thinking on it….the price of things we need and use is going up…while the price of things we own is going down….wages are not falling…they are stagnant…You might call it stagflation…or Indeflation…or Asset Deflation….but you cannot defend your position that Prices are Falling and we are seeing Deflation…ask any senior !

Euro

posted this as is about 7 or 8 months ago and commented that there may be a panic as traders sell the formation. really too much that greace would greese the chart as it has…

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Wanka

Nice to see you stick your head under the tent - hope your back at 100% soon!

 emoticon 3d sun

Squeeze?

posted this chart nov 17 2008. Just added the highlighted lines, looks like a brekout about to happen,above the fan line from 1996, that fan is critical imho, but if I had a nickel for all of those thoughts…

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Fully

I forgot the most impotent thing.

My dentist has gone nuggen futs with inflation !

fullgolden crowns up by 500%!

eesh!

ps: chopin.

grin…..zactly !


Goldballoon….shalking my head…thats incredible stuff !

….you are a card !

kitcoblows @ 16:37 pm

Everything I need to make it through life is going up. My injections went from 15-20 thats a 33 % rise.

The list goes on and on, gas, heat, hydro, prescriptions, food, taxes, they all are going up and that is a cold hard fact. Toronto is considering uping water by 50%….

Insurance, internet, tv,credit cards, beer, scotch,bank fees with lesser service…..

hydro meters with a tax for having one.

Life is a sculpture, insert gouge and carve it out for us… reem me another one…

and anyone thinks it’s getting cheaper?

Their work is done obviously, as it always has been.

Rant over.

Samb @ 17:16

Still, one would not lauch a balloon with an impending hurricane bearing down on them.

Well, there is that sometimes elusive thing called common sense!!!

Armstrong

the man who knew too much…..and woulden’t tell the Banksters how he did it ! He has no rights period,no constitutional,no bill of rights,no trial rights .The man without a country ,he is treated worse than a terrorist ,yet he is not a violent threat to anyone.

When the looting of America is final,thats when they will let him go .! He stands in their way,he knows too much !

things that made these folks forget about the ‘flations’

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Goldballoon

Well said….and yes, life is for the living…so live it well. Fear, worry are negative. Love, hope and help are positive and life within themselves.

I applaud you for your attitude and postive love of life attributes despite the cross of sorrow that we all must individually bear to even have life….life then being opportunity.

Still, one would not lauch a balloon with an impending hurricane bearing down on them.

kitco

“Credit is contracting, the dollar is rising, velocity has plummeted, wages have plummeted, asset prices are still down, especially housing and states are insolvent”

This is a description of a CONTRACTING economy not a deflation. You can add rising unemployment to the list.

We do take things for granted sometimes.

My cleaning lady has a couple of students from Japan staying with her at the moment. She has  been telling me how they are fascinated by the stars at night. They can’t get over how bright they are. Apparently, because of the smog the stars are often invisible in Kobe, where they live. When they do come out, they can only be seen  dimly.

Off topic, but these are the kinds of things we take for granted.

Samb @ 16:38 re: -flation

What say I?!  I say we ain’t gonna ’solve’ anything, unless by that you mean figuring out how best to enjoy life.  Discussing views is one thing, people getting pissy about thinking they’re right is another and only seems to prove how wrong they are in the bigger scheme of things.  It begs the question, does one want to be right, or happy?  Priorities.

As far as the cost of a cup of joe, that depends on where and priced in what.  In $$$ in the US, I suspect it will keep going up for a while, probably in Zimbabwe-style at some point, but only time will tell.  Maybe the dollar will magically morph into another currency before too many zeros are added to the numbers we already use.  But if you’re growing your own coffee, or trading what you produce or something of value that you own for that cup of joe, does the cost go up or down?

On a side note regarding a place of coffee production, yesterday from ‘out of the blue’ came an invite to direct a small balloon event in Brazil later this month, so my traveling shoes will come out of the closet.  A cup of joe there -as well as the plane ticket and everything else- will be free!  Am I just lucky or what?!  Cheers ;-)  *GB

Kitco

Interesting, wonder what kind of bonus he got while Armstrong had some guard standby and watch while someone tried to kill him and still deny him medical care over it.. Makes me wonder what that guard got as well. Sounds like real nice guys. But remember people dont get angy any action against us will not me tolerated speaking about amendments when the census comes knocking at you door remember the 14th amendment and if they threaten you ask them where in the constitution it requires you to answer any personal questions about yourself as well as the fifth if they threaten you. You only need to tell them how many people in your home thats all, no SSI numbers bank statements or how much PMs you may have.

…some Gold for ever


Marc Faber: “I Would Recommend People Buy Every Month Some Gold For Ever”

Submitted by Tyler Durden on 03/04/2010 12:07 -0500

Marc Faber’s latest thoughts on the euro (not good), on Greece (also not too good), and gold (good to quite good). “I don’t think it will work out, and I think other countries like Spain and probably Portugal (and Italy) will then also have to be bailed out eventually, and it will lead to more monetization in Europe, one of the reason the euro has been so week… The pain of the austerity will be very, very burdensome on Greece, and eventually the economy can not grow with the kind of budget they will have to enact, and under these conditions their currency is way overvalued (they are in the euro). And so without the ability to grow, their ability to pay the interest and repay the debt will actually diminish…. I think everybody should accumulate some gold over time. I would recommend people to buy every month some gold for ever.”

Goldbaloon @ 16:22

Flation debate problem ain’t going away until you solve it Bro.

Deflation: Retirees and Pensioneers go Whoope! They are the new wealthy.

Inflation: Shortage of goods and services, rationing, probable martial law, Hell on earth.

What say you?   Cup of Joe @ $.10 or $5.00?   Or is as ever said that “everything is (still) beautiful each in it’s own way?

PM Fever

other than being completely clueless, please tell me what state you live in and what the inflation rate is today. I have been across this country twice in the past two weeks. I have had conversations with people from California, the Midwest, the South, and Europe.

No one is seeing inflation.

And yes, I am telling you that you don’t know. You have concocted a theory about which you have provided zero evidence. I have given you time and time again, example of individuals stating quite clearly that you are wrong.

It doesn’t matter that this is a debate about inflation or deflation or who is a better short stop! I’m trying to figure out if you have any credibility whatsoever and thus far it appears you are wordy and that is it.

Credit is contracting, the dollar is rising, velocity has plummeted, wages have plummeted, asset prices are still down, especially housing and states are insolvent, so you might want to stop insulting people like Spock, when you are the shill.