Hedge funds short miners will get ‘roasted,’ Hathaway tells KWN

GATA 11:10a ET Wednesday, April 6, 2011 Dear Friend of GATA and Gold: Tocqueville Gold Fund manager John Hathaway tells King World News that the breadth of yesterday’s rally in gold and mining shares was very encouraging, and he predicts that hedge funds short mining stocks will get “roasted.” An excerpt from the interview is [...]

Funds seek Midas touch with miners

By Cameron French and Steve James Reuters Friday, May 28, 2010 http://www.reuters.com/article/idUSN2514925320100527 Top hedge fund stock pickers have extended their bets on gold, adding gold mining stocks to their investments in the precious metal. Last year, investors such as John Paulson and Richard Chilton piled into shares of the exchange traded fund SPDR Gold Trust [...]

Miners say they’re running out of gold

From Agence France-Presse, via Brisbane Times Gold production will continue to fall, despite a brief boost in 2009 and soaring prices, as deposits are exhausted and new discoveries remain elusive, say miners. In terms of production, “2009 is the outlier as far as the trend,” Omar Jabara, spokesman for US-based Newmont Mining, the second-largest gold producer [...]

Miners eye sea as land resources diminish

The diminishing nature of some land-based mineral resources (the resource determines where you mine and whether you mine – not a nongovernmental organisation focus which is, in fact, a welcome interest) has increased the importance of marine mining and has reignited the interest of mining houses in this new frontier. Although Southern Africa has a [...]

Barrick still mulling over Cerro Casale numbers

Canadian gold-miners Barrick Gold and Kinross Gold have completed a draft feasibility study on their Cerro Casale project, in Chile, but there is still some work to be done to improve the economics of the project, Barrick CEO Aaron Regent said on Thursday. “We intend to spend the next few months reviewing various options to [...]

‘Very significant’ rerating chance for SA gold miners – Gold Fields

A "very significant" rerating opportunity existed for South African gold producers, Gold Fields CEO Nick Holland said on Thursday. Holland said that the large gap that had existed between the market capitalisations of South African gold-mining stocks and those of far smaller international gold-mining companies had been closed in the past and, with proper management, [...]

SA rail utility, manganese miners mull 12Mt/y export channel ‘partnership’

State freight logistics group Transnet, in consultation with manganese exporters, expects to decide within the "next four to five months" whether to develop a new export channel through the deep-water harbour at Saldanha Bay, on South Africa’s West Coast, or to proceed with an alternative model involving ports on the country’s eastern seaboard. CEO Chris [...]

Gold panning championships hark back to mining history

A recent national gold panning contest in New Zealand saw participants search for flakes of the precious metal under conditions experienced by miners a century ago. The championships – organised by the Otago Goldfields Heritage Trust – saw some 60 panners try to find as much gold as possible in the space of ten minutes [...]

Trapped Rwandan tungsten miners rescued

The Rwandan government says that three miners trapped at the Nyakabingo tungsten mine since Saturday have been rescued amid calls for improved safety standards in mines. Read more….

Four workers trapped at Harmony’s Target mine in SA

The miners were trapped after a ground fall Read more….

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