Friday, May 6, 2011

MINEWEB.COM'S TOP STORIES: Vale reports best-ever financial performance for first quarter

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Friday , 06 May 2011                                                     

Vale reports best-ever financial performance for first quarter

The world's top iron ore miner reported improved operational performance in nearly all of Vale's mined products during the first quarter of this year.    Friday , 06 May 2011

Platinum to trade above $1,900 despite another gross surplus in 2011 - GFMS

Platinum is expected to retain some strength in 2011 despite lacklustre fundamentals as the central planks supporting precious metals prices remain in place according to GFMS' latest survey    Thursday , 05 May 2011

Investors lining up for Glencore's mega-float

It is only one day into the sale process but, according to sources close the deal, the Swiss commodities trader has already lined up buyers for all of the shares in its planned $11bn float    Friday , 06 May 2011

Strong gold prices compensate for decline in Eldorado gold production

Although Q1 gold production dropped due to the Kişladağ mine expansion in Turkey, Eldorado Gold is retaining its 2011 guidance of 715,000-770,000 ounces.    Friday , 06 May 2011

Goldcorp goes for reporting free cash flow

Another major gold miner adopts a highly useful no-nonsense measure which the writer believes will make comparisons between similar companies much easier to understand.    Thursday , 05 May 2011

Diamond prices to jump as demand returns in China,

Demand for polished diamonds from India has taken off in China, with 9% increase in sales to the mainland, and 11% to Hong Kong. However, exports to the United States have dropped by 30%.    Friday , 06 May 2011

Minefinders dinged by Q1 accounting change, shareprice drops 9%

Though silver and gold prices are at record highs, Minefinders recorded a disappointingly Q1 low net income due to a quirk of newly adopted accounting methods.    Thursday , 05 May 2011

Randgold Q1 profits up 92% on high gold price and growing production

A decidedly upbeat Mark Bristow repoted a sharp increase in profits and the beginning of a downturn in cash costs as Randgold Resources' expansion projects set it on a strong upwards path.    Thursday , 05 May 2011

Harmony Gold's dual horizons

South African based gold miner Harmony's revitalization continues, with its Wafi Golpu jv with Newcrest growing like Topsy.    Thursday , 05 May 2011

This year's Russian palladium sales to be the last of any scale - GFMS

Palladium's residual fundamental surplus has now swung into a deficit due to apparent lack of Russian supplies, and may be set to stay that way    Thursday , 05 May 2011

Fluor profits beat estimates

America's largest publicly traded engineering group said mining has made up a growing proportion of its line-up work over the last year, with its backlog of work expanding to a new high during the period.    Friday , 06 May 2011

Agentine judge stops Siderar dividend payment

In the latest twist in a growing row with Argentina's government that is trying to tighten its control over leading companies, a judge blocked the steelmaker's planned dividend payment    Friday , 06 May 2011

Zijin Mining to be one of Glencore's cornerstone investors

The Chinese miner said it would invest $100m in the commodities trader when it lists; the investment will be subject to six-month lock up period    Friday , 06 May 2011

SA's Malema calls again for nationalisation

The head of South Africa's ANC Youth League, Julius Malema called for the mass seizure of land and the nationalisation of major industries, a stance contrary to that of the ruling party's line on the matter    Friday , 06 May 2011

Copper miners attack security guards at KGHM HQ

Polish copper miners in a pay dispute with KGHM attacked security guards outside Europe's second largest copper mining co.'s HQ    Thursday , 05 May 2011

NGEx to drill 1km holes to test copper-gold higher grades at Los Helados

For NGEx drilling continues to extend the lateral limits of a higher grade copper gold zone at the Los Helados copper-gold porphyry in Chile; going deeper is next.    Thursday , 05 May 2011

Mt Burgess confident its Namibian exclusive licences safe

The Perth-based southern Africa explorer Mt Burgess believes its exclusive prospecting licence in Namibia will not be affected by some changes planned in the country.    Thursday , 05 May 2011

Yesterday's top story: Mexico makes third largest Central Bank gold purchase of past ten years

By buying 93 tonnes of gold during February and March, Mexico has busy been converting what it sees as a weak dollar into the world's prime hard asset.    Wednesday , 04 May 2011

PODCASTS / RADIO                                                     

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

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.

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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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