Tuesday, May 10, 2011

MINEWEB.COM'S TOP STORIES: Coeur CEO Wheeler predicts 2011 to be company's ‘best year ever'

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Global steel and the important role of India -Mike Elliot

Ernst & Young's Mike Elliot says, while India looks set to become a global steel powerhouse, over capacity remains a concern globally as does the continued increase in input costs
 

TOP STORIES | Tuesday , 10 May 2011                                                     

Coeur CEO Wheeler predicts 2011 to be company's 'best year ever'

Coeur d'Alene Mines CFO Mitchell Krebs says the Idaho-based miner's 2011 metals sales are on track to exceed US$1 billion.    Tuesday , 10 May 2011

Quebec launches big mining plan

Canada's Quebec province is targeting $83bn in private and public investment in its vast northern reaches over the next 25 years in a bid to become a mining powerhouse    Tuesday , 10 May 2011

Hecla Mining contemplates restarting three former mines

Coeur d'Alene-based Hecla Mining reported net income nearly doubled to US$43.36 million in the first quarter of this year.    Tuesday , 10 May 2011

Has Lonmin rediscovered its mojo?

SA's third-ranked platinum miner, Lonmin, emerges strongly from years of turmoil and restructuring with a 9% jump in platinum sales and a more than doubling in underlying profits    Monday , 09 May 2011

The party's not over yet for gold, silver and commodities - Frank Holmes

Last week's big pullback in gold, silver and other commodities does not signify a turning point in the markets, but more of a technical correction.    Tuesday , 10 May 2011

Price drop makes silver an even hotter investment in India

Silver's price slump has done nothing but raise demand for silver in India as companies hand out silver coins as part of employee bonus packages and jewellery stores promote silver as an affordable alternative to gold.    Monday , 09 May 2011

What does China's rapid growth mean for gold?

At current growth rates China's economy may match that of the U.S. by 2016 and growing wealth will ensure that by the end of the decade China is likely to dominate the world's gold market.    Monday , 09 May 2011

South Australian Government to assist junior in IOCG quest near Olympic Dam

The South Australian government said it will provide some technical support to Tasman Resources in its quest to ascertain whether or not its Vulcan prospect is of the same age and family as Olympic Dam    Monday , 09 May 2011

Bullish sentiment on gold will turn - Steve Palmer

Get in cheap while companies are relatively unknown and then pick up doubles, triples, or better when they hit the big time-that is AlphaNorth Asset Management Founder Steve Palmer's investment strategy. Interview with The Gold Report.    Monday , 09 May 2011

Silver Wheaton shares jump after profits more than doubled

The silver royalty firm said profit for the quarter more than doubled to $122.2m from $50.6m a year earlier on the back of soaring silver prices and record production    Tuesday , 10 May 2011

Chile give green light to controversial hydro-power project

The world's top copper producer, which is facing rising power needs and drought-induced energy worries, is to proceed with the $3.5 billion HidroAysen hydro-power dam project despite environmental worries    Tuesday , 10 May 2011

North American palladium narrows Q1 loss

The Canadian precious metals firm said it has cut its 2011 palladium production forecast because of a shift in focus from production to development    Tuesday , 10 May 2011

Great Western Minerals gets go ahead for SA rare earth mine

Canadian miner, Great Western Minerals, said Monday it has received approval from South Africa's nuclear regulator to begin refurbishing the Steenkampskraal rare earth mine    Monday , 09 May 2011

OneSteel cuts earnings forecast on strong Australian dollar

Australia's second-largest steel producer said it has cut its earnings forecast on the back of strong appreciation in the Australian dollar and pressure on domestic steel margins    Tuesday , 10 May 2011

Aperam says stainless steel margins to come under pressure in Q2

The stainless steel business spun out of ArcelorMittal said economic uncertainty, a weak dollar and a drop in nickel prices among other things are likely to conspire to put pressure on margins during the quarter    Tuesday , 10 May 2011

NALCO cuts aluminium prices by $145.5 per tonne

An official at India's state-run National Aluminium company said the decision was prompted by changes in the LME rates for the metal    Tuesday , 10 May 2011

High copper prices lift First Quantum profits

The Africa-focused miner reported a 37% rise in first-quarter profit despite a shutdown at its Frontier mine in the DRC.    Monday , 09 May 2011

Katanga Mining reports Q1 profit

The copper-cobalt miner has reported profits of $42.0mln and sales of 171.0mln; but did not provide the previous year's quarter results for comparison.    Monday , 09 May 2011

Commodity ETF investors not shaken by commodities plunge

According to Lipper funds, investors in commodity exchange traded funds were not overcome by last week's price plunge.    Monday , 09 May 2011

Yesterday's Top Story: Silver miners likely to take price fall in stride

Even if the bearish mood toward the metal persists for some time, silver producers are still likely to generate significant profits and few analysts see the drop as the start of a long-term trend    Monday , 09 May 2011

PODCASTS / RADIO                                                     

Profit taking, rotation, mining quarterlies and the minor metals

This week's edition of Barry Sergeant on Mining looks at the numbers out from Vale and some big gold miners, the commodity sell off and the likelihood of rotation

Investment demand to underpin platinum prices, despite expected surplus - GFMS

According to GFMS's Platinum and palladium survey, platinum prices are expected to continue to firm in 2011 as investment demand picks up the slack, despite an expected surplus

Gold still likely to get to $1,600 - Walker

GFMS CEO, Paul Walker says the current state of U.S. finances is another reason to be bullish on gold at the moment.

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CONFERENCES

The Australian Resources and Energy Conference 2011
Date: 21 May 2011 - 25 May 2011
Venue: Broken Hill, Australia
The inaugural Australian Energy and Resources Symposium will be held in the iconic outback town of Broken Hill, NSW and will showcase Australian resources and energy companies to investor delegations from across the globe. Read More
CHI World Resource Investment Conference 2011
Date: 05 June 2011 - 06 June 2011
Venue: Vancouver Convention Centre East
Featuring a world class line-up of speakers, covering all types of direct investments in resource public companies, speculative investing, resource exploration, oil & gas, green technology and clean energy, world outlook, investment strategies and more! Mineweb's Jan Chadwck will attend. Read More
Diggers and Dealers 2011 Forum
Date: 01 August 2011 - 03 August 2011
Venue: Kalgoorlie, WA
This important Australian annual mining conference combines presentations by listed mining and exploration companies with a large exhibition area housing exhibitors from the mining, exploration and service sectors. Read More

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ENGINE ROOM

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
Wendy Hora, Australasia

Editor in Chief

Alec Hogg, Mooi River, SA

 

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