Friday, April 29, 2011

MINEWEB.COM'S TOP STORIES: Agnico-Eagle reports gold production up despite Meadowbank fire loss

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FEATURED PODCAST                                                     

WGC Q1 Investment demand trends - Juan Carlos Artigas

Gold continued its upward trajectory in the first quarter of 2011 and did so with remarkably low volatility.
 

TOP STORIES | Friday , 29 Apr 2011                                                     

Agnico-Eagle reports gold production up despite Meadowbank fire loss

Agnico-Eagle CEO Sean Boyd forecasts a 20% increase in gold production during the second half of this year.    Friday , 29 Apr 2011

Gold myths, copper truths

Barrick looks more like a Freeport-McMoRan, which operates the world's biggest gold mine than a "pure" gold miner but, is that a bad thing.    Thursday , 28 Apr 2011

Inmet reports 69% increase in profit with copper production up 22%

The aborted merger with Lundin Mining cost Inmet Mining $6 million in expenses during the first-quarter 2011, Inmet estimated.    Friday , 29 Apr 2011

Nevsun sees Bisha reserves doubling, gold production sweetener

More gold resources could generate extra cash flow for Nevsun in the short term while more base metals could add years to Bisha's mine life.    Thursday , 28 Apr 2011

Lydian hunts gold southwest of 2.5M oz Amulsar

On the heels of adding some one million ounces gold to its Amulsar resource, Lydian announced plans to try and find more in relatively uncharted territory.    Thursday , 28 Apr 2011

Central Banks still not selling any gold, Russia and Bolivia increase holdings

The latest figures from the World Gold Council show that Central Bank Sales under CBGA3 are negligible while Russia and Bolivia have increased their holdings.    Thursday , 28 Apr 2011

A big gold buy or diversification seem to be Barrick's options

For the world's largest gold miner, its decision to buy Equinox Minerals seems to highlight its narrow range of growth options - diversification or a costly mega-gold deal    Friday , 29 Apr 2011

Allied Gold's Gold Ridge mine could be just the start for the Solomon Islands

The gold mine, which was worked briefly in 1999-2000 before being overrun, could be the beginning of a mining boom the nation's prime minister is hoping will be its new growth engine    Friday , 29 Apr 2011

CISA worried about China's growing steel supply

According to the China Iron & Steel Association, China's total steel capacity will hit 768m tonnes by year-end and that controlling excess capacity is one of the biggest tasks facing the sector    Friday , 29 Apr 2011

Cliffs Natural Resources reports more than five-fold jump in Q1 profits

The group exceeded analyst-estimates to produce net earnings of $423m during the quarter adding that it has increased it 2011 sales volume expectations for North American iron ore    Friday , 29 Apr 2011

Gold One wants Rand Uranium for USD 250m

According to Rand Uranium CEO, John Munro, the deal comes at a time when, for well-known reasons, uranium prospects are finding financing challenging,    Thursday , 28 Apr 2011

Analysts expect Caterpilar to triple revenue

An increase in customer spending following the recession is expected to push up Caterpillar profits more than three fold.    Friday , 29 Apr 2011

Osisko Mining extends Malartic mine life to 16 years

The Montreal-based gold digger says the extension comes on the back of a recently increased gold reserve estimate. The mine is now expected to produce 574,000 per year    Friday , 29 Apr 2011

Vale joins Belo Monte dam project consortium

In a further step toward electricity self-sufficiency, Brazil's largest electricity user has joined the consortium that is building the massive Belo Monte hydroelectric dam    Friday , 29 Apr 2011

Buenaventura Q1 profits jump 40% to $218.3m

Buenaventura, which controls, 43.7% of the Yanacocha gold pit, said higher sales and stronger metals prices helped push up earnings    Friday , 29 Apr 2011

Kennametal profits exceed expectations - analyst estimates off the mark

Kennametal exceeded analyst estimates reporting higher-than-expected profits of $64.7m in the March quarter on the back of rising demand from the engineering and transportation sectors.    Thursday , 28 Apr 2011

Yesterday's Top Story: Barrick's top management try to ease copper investment fears during AGM

Whether gold bugs and metals analysts like it or not, Barrick could be mining up to 1.4 billion pounds of copper annually within a few years.    Thursday , 28 Apr 2011

PODCASTS / RADIO                                                     

Barrick's acquisition of Equinox, why the strategy is concerning - Kerry Smith

Haywood Securities analyst, Kerry Smith, says, while he understands the numbers behind the deal, the implication that Barrick sees very few or no opportunities in the gold space is worrying

PGM prices and an outlook for stocks - Leon Esterhuizen

RBCCM's Leon Esterhuizen says low stock valuations and a positive outlook for metal prices mean a few interesting investment scenarios for PGM stocks

Rare earth prices and Molycorp's Santoku America acquisition- Mark Smith: Molycorp CEO

A look at the reasons behind the rare earth miner's latest deal, how it fits in with the AS Silmet deal announced earlier and a view on why the rare earth supply squeeze could last longer than many expect

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Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen
Rhona O'Connell, London

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Africa

Barry Sergeant, JHB

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
Jan Chadwick, International
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