Friday, May 13, 2011

MINEWEB.COM'S TOP STORIES: Strong gold and PGM revenues see Franco-Nevada Q1 net income up 157%

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FEATURED PODCAST                                                     

Gold and China, silver and volatility - Edel Tully, UBS

A look at where gold goes from here with a focus on China's continuing role and a view on silver
 

TOP STORIES | Friday , 13 May 2011                                                     

Strong gold and PGM revenues see Franco-Nevada Q1 net income up 157%

Franco-Nevada said PGM revenues from Stillwater Mining and the Sudbury Basin could comprise as much as 20% of income this year for the royalty company.    Friday , 13 May 2011

How gold purchase by Central Banks affects supply metrics

A look at the effect of Central Bank gold purchasing on gold's supply and demand pattern and the resultant change in market dynamics.    Friday , 13 May 2011

Copper falls as China cools

Copper prices fell back to their lowest levels since December 1 last year as China tightens money and economic growth elsewhere disappoints    Thursday , 12 May 2011

Updated official sector gold reserve stats show no Central Bank sales - only purchases

The latest table of official sector gold holdings from the World Gold Council shows some substantial purchases, but no significant sales    Thursday , 12 May 2011

Former Consolidated Thompson CEO fined for insider trading

Richard Quesnel, the former CEO of Consolidated Thompson Iron Mines, intends to appeal a conviction and fines levied in connection with insider trading involving the company's flagship Bloom Lake project.    Friday , 13 May 2011

Big increase in Q1 earnings for copper producer Aurubis

Europe's leading copper producer, Aurubis, reported big increase in quarterly earnings with a 52% rise in sales due tro high copper prices.    Friday , 13 May 2011

Copper miner KGHM almost triples Q1 profits

Europe's second largest copper miner's Q1 earnings benefited strongly from higher prices and camne up with earnings above analysts' forecasts.    Friday , 13 May 2011

IPO demand not affected by commodity price fall - Glencore CEO

The decline in commodity prices is said to be "due to some froth" in the market and demand for IPOs had not been affected.    Thursday , 12 May 2011

Yanzhou undecided about making offer for Whitehaven Coal

The Chinese coal miner, which was said to have been on Whiehaven's short list of bidders, stated that it had not committed to bid.    Thursday , 12 May 2011

Gold dips and silver dives along with world stock and commodity markets

London Gold Market Report: Gold selling "Not outpacing buying" as commodities slide. Gold-Reserve advocate tipped for ECB Presidency    Thursday , 12 May 2011

Gold and silver plunging again in European trade

Gold and silver prices were initially hit by continuing strength in the dollar, but the downward momentum caused by this in precious metals prices continued to take prices lower in morning trade.    Thursday , 12 May 2011

Top Polish copper miner's shares fall as dividend disappoints

More pressure put on the KGHM share price as the Polish copper miner announced a lower dividend than hoped and copper price continued to fall.    Thursday , 12 May 2011

Iranian copper smelter to expand using Outotec flash smelting technology

Outotec, has agreed to supply its flash smelting technology to the big Sarcheshmeh copper smelter in Iranafter checking it is not in breach of embargo    Thursday , 12 May 2011

Yesterday's top story: Volatility in gold, silver and other hard assets an investment opportunity - Grandich

Why has the price of gold punched through every barrier to a record high of $1,500/oz.? Peter Grandich explores if it's time to unload silver and transition out of gold. Gold Report interview.    Thursday , 12 May 2011

PODCASTS / RADIO                                                     

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

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

FEATURED COMPANY RELEASE

Magellan Minerals Drills 24m @ 4.06 g/t Gold at eastern extension to Moreira Gomes deposit, Cuiu Cuiu Project, Brazil

Magellan Minerals Ltd. (TSX-V: MNM) ("Magellan") is pleased to report the results for several additional diamond drill holes which were recently completed at the Central and Moreira Gomes gold deposits at the Cuiu Cuiu project in Brazil.

The Central and Moreira Gomes deposits currently have a combined total of 1.2Moz of Inferred resources and 0.1Moz of Indicated resources at an average grade of 1.2g/t .

The holes reported here from the Central and Moreira Gomes zones were designed to partially test the strike extent of both mineralized zones and form part of an ongoing program of step-out drilling.

To read full release click here.

 

 

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

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

 

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