Wednesday, May 4, 2011

MINEWEB.COM'S TOP STORIES: Kinross increases 2011 guidance to 2.67m - 2.7m gold equivalent ounces

Mineweb logo
 

 

FEATURED PODCAST                                                     

Gold and silver a little ahead of themselves - Nichols

In the short term gold and silver are likely to decline but, according to Jeff Nichols looking out beyond the next month or two, both will be in a renewed cyclical upswing
 

TOP STORIES | Wednesday , 04 May 2011                                                     

Kinross increases 2011 guidance to 2.67m - 2.7m gold equivalent ounces

Kinross' 100% ownership of its Kupol mine is anticipated to increase the gold company's 2011 Russian region production to 535,000 - 550,000 GEO.    Wednesday , 04 May 2011

An evergreen question: gold stocks or gold bullion

RBCCM delves into the vexed issue of why listed gold stocks seem to be underperforming the extended bull market for gold bullion and comes up with some cost-heavy answers    Tuesday , 03 May 2011

Yamana Gold reports 11% increase in production, net profit

Toronto's Yamana Gold says it remains on track to meet its 2011 GEO production guidance.    Wednesday , 04 May 2011

Serengeti brings Freeport onboard to hunt copper-gold near Mt. Milligan

An exploration agreement signed with Serengeti Resources suggests Freeport sees potential in British Columbia's corridor of copper-gold porphyries.    Tuesday , 03 May 2011

Richfield drills 226 m at 0.92 g/t gold. New Gold waits in the wings

Richfield Ventures' has grown the Blackwater deposit to nearly two million indicated ounces gold; latest drilling shows resource expansion may not yet be over.    Tuesday , 03 May 2011

Glencore sets IPO range to raise as much as $10bn

A capital raising of $10bn would value Glencore at about 8 to 10 times estimated 2011 earnings, based on the average forecast of the three banks underwriting the IPO.    Wednesday , 04 May 2011

Gold price dip a boon for jewellers ahead of Akshaya Tritiya gold rush

As news of bin Laden's death flashed across television channels in India, investors and bullion traders rushed out to lap up the yellow metal on its dip, stocking up for the May 6th gold-buying festival    Tuesday , 03 May 2011

Stillwater Mining's first quarter net income up almost threefold

Despite strong PGM production during the first quarter, Stillwater is maintaining its 2011 guidance of 500,000 PGM ounces.    Wednesday , 04 May 2011

Alcoa shares rise on Rio rumours

Rumours that Rio Tinto is planning a bid to unite the No. 2 and 3 aluminium miners, pushed up Alcoa's shares 3%. Sources close to the banks said to be involved denied the rumours    Wednesday , 04 May 2011

Floating harbour concept for South Australian iron ore project

An innovative floating harbour has been proposed for South Australia as one means of preventing logjams in ports on Spencers Gulf.    Tuesday , 03 May 2011

Northam Platinum sells Booysendal South mineral rights to Aquarius

Northam Platinum said Wednesday it would sell part of its mineral rights for its Booysendal property to Aquarius Platinum for R1.2bn    Wednesday , 04 May 2011

Gold and oil not the solution to China's cash problem

$3 trillion in foreign currency is currently burning a hole in China's pockets but there are no simple solutions for what to do with it - although commodities would have to be a part of the answer    Tuesday , 03 May 2011

Xstrata reports 6% drop in Q1 copper output

The diversified miner said the drop in output was the result of severe weather conditions at its Collahuasi mine in Chile and lower grades at its Alumbrera mine in Argentina.    Wednesday , 04 May 2011

Fortescue barred from key Rio Tinto-operated rail line

A federal court in Australia upheld an earlier ruling that prohibits Fortescue Metals faining access to a key rail haul line in the iron-ore rich Pilbara region    Wednesday , 04 May 2011

Miners at Hochschild's San Jose mine return to work

Striking workers at the Argentine silver-gold mine will return to work Wednesday after the government oredered compulsory conciliation    Wednesday , 04 May 2011

Explosion kills three, traps 11 at small Mexican coal mine

Rescuers discovered the bodies of three dead miners late on Tuesday after an explosion at a small coal mine in northern Mexico. 11 others are trapped and feared dead.    Wednesday , 04 May 2011

AngloGold Ashanti expects Q1 earnings to triple

Africa's leading gold producer has reported strong performances from its operations from the first quarter despite Australian rains.    Tuesday , 03 May 2011

South African mine safety concerns result in protest

Mining operations may be affected in S. Africa's platinum mining province as the National Union of Mineworkers proposes a one-day protest over safety issues.    Tuesday , 03 May 2011

Yesterday's Top Story: Silver extremely vulnerable to a sharp decline, gold overheated - CPM

Precious metals consultants CPM Group warns that silver prices are "extremely vulnerable to a sharp decline" and could fall by $12 or more very quickly. Gold, it says could also fall back    Tuesday , 03 May 2011

PODCASTS / RADIO                                                     

Copper market fundamentals and its relative position in the commodity space

National Australia Bank's Ben Westmore provides a view of the current copper landscape and says while strong demand is expected to remain, copper does have the most to lose within the base metals complex

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.

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

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

I-PAD APP: Mineweb is also developing a brand new app for I-Pad and I-Phone which will be rolled out to other platforms too. It is due to launch within the next few weeks. It will have substantial additional capabilities and functionality to the website. To find out when the new Mineweb app will become available register your interest by sending an email to apps@mineweb.com.  For a demo showing some of the features click on www.mineweb.com/apps

 

 

CONFERENCES

IIC 2011 New York Hard Assets Conference
Date: 09 May 2011 - 10 May 2011
Venue: Marriott Marquis Hotel, New York
Major mining investment conference held each year in New York. Mineweb's Lawrie Williams and Kip Keen will be in attendance Read More
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

FEATURED
COMPANY

View more featured mining companies

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

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2010 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

No comments:

Post a Comment