Thursday, August 4, 2011

MINEWEB.COM'S TOP STORIES: Angry institutional investors take a bite out of Stillwater Mining's hide

Mineweb logo
 

 

FEATURED PODCAST                                                     

The implications of mining strikes in Chile and South Africa - Control Risks

A look at some of the underlying reasons for the mining strikes seen over the last few weeks in South Africa and Chile and some of the longer term implications
 

TOP STORIES | Thursday , 04 Aug 2011                                                     

Angry institutional investors take a bite out of Stillwater Mining's hide

Although Moody's recently upgraded Stillwater Mining's rating with a stable rating in the wake of the proposed acquisition of Peregrine Metals, angry analysts and investors are thirsting for blood.    Thursday , 04 Aug 2011

Yamana Gold achieves records in revenue, cash flow and earnings

Yamana reported a 178% jump in net earnings and a 50% increase in its dividend on the production of 546,105 gold equivalent ounces in the first half of this year.    Thursday , 04 Aug 2011

Newcrest reports helicopter crash in Indonesia, 9 dead, work suspended

Newcrest announced Thursday it had suspended work at its Gosowong mine in Indonesia after a helicopter carrying mostly mine workers and contractors crashed, killing 9.    Thursday , 04 Aug 2011

Despite the recent rally, nickel's prospects look dim

While prices are expected to rally somewhat in August, analysts expect the nickel market to remain in oversupply for some time    Wednesday , 03 Aug 2011

Rio Tinto reports 35% jump in H1 earnings

While the group missed market expectations with underlying profits of $7.8bn for the six months, it did sweeten the announcement with a $2bn expansion of its current share buyback programme.    Thursday , 04 Aug 2011

Randgold reports 253% jump in Q2 profit

The West-African focused miner said strong gold prices and higher-than-expected production helped push profits up to $128.4m for the second quarter.    Thursday , 04 Aug 2011

GMR Infra bows out of $1.3 bn race to acquire Bandanna coal mines

Though miners in Queensland are lobbying against a land policy that restrict companies from mining on agricultural land, India's GMR Infra has stopped its pursuit of Bandanna Energy's coal mines.    Wednesday , 03 Aug 2011

Escondida strike talks remain in limbo

A contentious bonus demand remains at the centre of the dispute between workers and management at the world's top copper miner and is, as yet, unresolved    Thursday , 04 Aug 2011

Implats, union in talks to head off strike

Results on the talks aimed at avoiding a strike at the world's second largest platinum producer are only expected late on Thursday and negotiators remain unsure of exactly where they are likely to go    Thursday , 04 Aug 2011

Analysts expect more hostile deals to come in resources sector

Cash flush miners, in desperate need of new resources are likely to pursue more and more hostile bids, deal advisors suggest    Thursday , 04 Aug 2011

Umicore H1 profits boosted by strong precious metal prices

The Belgian firm, now one of the world's largest recycler of industrial metals said profit rose 15% in the first half on the back of firmer precious metals prices    Thursday , 04 Aug 2011

Antofagasta copper output up sharply - but hit by rising costs and falling dollar

Copper/moly miner Antofagasta saw copper output rise as Esperanza mine ramps up, but c osts also up sharply year on year. Full year copper output expected to be unchanged 620,000-640,000 tonnes.    Wednesday , 03 Aug 2011

Emerging market central banks put $10bn into gold year-to-date

Thailand and South Korea are the latest emerging economies to put their money into gold as concerns abound about the strength of western benchmarks like the dollar and the euro    Wednesday , 03 Aug 2011

HSBC's entry a structural shift for China's gold market

China's decision to give HSBC entry to its gold futures market is seen by many as a harbinger of a larger opening of the country's gold futures market to both local and international players    Wednesday , 03 Aug 2011

Looking for value in uranium stocks as price set for uplift: M&A likely - Geordie Mark

Because of ongoing nuclear power development in China, Africa and the Middle East, uranium prices could bounce back to pre-Fukushima levels of $70/lb. in 2012, says Geordie Mark; Energy Report interview.    Wednesday , 03 Aug 2011

Investors funnel $3.5bn into gold ETFs in June

Investors concerned about the debt ceiling debacle in the U.S. and put $3.5bn into gold ETFs in June according to fund tracking website, IndexUniverse.com    Wednesday , 03 Aug 2011

Verde Potash tips over a billion tonnes at Cerrado Verde potash project

Verde Potash released a billion tonne resource at its Cerrado Verde potash project in Brazil, making for a massive increase over its previous inferred tonnage.    Wednesday , 03 Aug 2011

Ivanhoe worth at least double current valuations - Friedland

Ivanhoe CEO and founder, Robert Friedland said Thursday that recent deals in the copper sector and the quality of its Oyu Tolgoi deposit show the company is undervalued    Wednesday , 03 Aug 2011

Yesterday's Top Story: Gold stocks to shine in current environment - Holmes

According to Frank Holmes, gold stocks are likely to outperform but, he cautions, it will be those gold stocks whose managements have recognised the need for greater discipline and bigger dividends    Wednesday , 03 Aug 2011

PODCASTS / RADIO                                                     

The implications of mining strikes in Chile and South Africa - Control Risks

A look at some of the underlying reasons for the mining strikes seen over the last few weeks in South Africa and Chile and some of the longer term implications

The U.S. Emperor not quite naked, but its clothes looking rather threadbare

Michael Power, Investec Investment strategist takes a look at the implications of the latest kick of the US debt can, the growing role of china and the likely impacts on commodities

Europe, the US debt ceiling and the fundamentals of gold demand - HSBC

HSBC precious metals analyst, James Steel looks at the likelihood of increased volatility in the gold market and the continued growth in emerging market demand in the wake of the macro economic turmoil

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

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

CONFERENCES

Denver Gold Forum 2011
Date: 18 September 2011 - 21 September 2011
Venue: Broadmoor Hotel & Resort, Colorado Springs, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend 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

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