Friday, April 29, 2011

MINEWEB.COM'S TOP STORIES: Agnico-Eagle reports gold production up despite Meadowbank fire loss

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FEATURED PODCAST                                                     

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.
 

TOP STORIES | Friday , 29 Apr 2011                                                     

Agnico-Eagle reports gold production up despite Meadowbank fire loss

Agnico-Eagle CEO Sean Boyd forecasts a 20% increase in gold production during the second half of this year.    Friday , 29 Apr 2011

Gold myths, copper truths

Barrick looks more like a Freeport-McMoRan, which operates the world's biggest gold mine than a "pure" gold miner but, is that a bad thing.    Thursday , 28 Apr 2011

Inmet reports 69% increase in profit with copper production up 22%

The aborted merger with Lundin Mining cost Inmet Mining $6 million in expenses during the first-quarter 2011, Inmet estimated.    Friday , 29 Apr 2011

Nevsun sees Bisha reserves doubling, gold production sweetener

More gold resources could generate extra cash flow for Nevsun in the short term while more base metals could add years to Bisha's mine life.    Thursday , 28 Apr 2011

Lydian hunts gold southwest of 2.5M oz Amulsar

On the heels of adding some one million ounces gold to its Amulsar resource, Lydian announced plans to try and find more in relatively uncharted territory.    Thursday , 28 Apr 2011

Central Banks still not selling any gold, Russia and Bolivia increase holdings

The latest figures from the World Gold Council show that Central Bank Sales under CBGA3 are negligible while Russia and Bolivia have increased their holdings.    Thursday , 28 Apr 2011

A big gold buy or diversification seem to be Barrick's options

For the world's largest gold miner, its decision to buy Equinox Minerals seems to highlight its narrow range of growth options - diversification or a costly mega-gold deal    Friday , 29 Apr 2011

Allied Gold's Gold Ridge mine could be just the start for the Solomon Islands

The gold mine, which was worked briefly in 1999-2000 before being overrun, could be the beginning of a mining boom the nation's prime minister is hoping will be its new growth engine    Friday , 29 Apr 2011

CISA worried about China's growing steel supply

According to the China Iron & Steel Association, China's total steel capacity will hit 768m tonnes by year-end and that controlling excess capacity is one of the biggest tasks facing the sector    Friday , 29 Apr 2011

Cliffs Natural Resources reports more than five-fold jump in Q1 profits

The group exceeded analyst-estimates to produce net earnings of $423m during the quarter adding that it has increased it 2011 sales volume expectations for North American iron ore    Friday , 29 Apr 2011

Gold One wants Rand Uranium for USD 250m

According to Rand Uranium CEO, John Munro, the deal comes at a time when, for well-known reasons, uranium prospects are finding financing challenging,    Thursday , 28 Apr 2011

Analysts expect Caterpilar to triple revenue

An increase in customer spending following the recession is expected to push up Caterpillar profits more than three fold.    Friday , 29 Apr 2011

Osisko Mining extends Malartic mine life to 16 years

The Montreal-based gold digger says the extension comes on the back of a recently increased gold reserve estimate. The mine is now expected to produce 574,000 per year    Friday , 29 Apr 2011

Vale joins Belo Monte dam project consortium

In a further step toward electricity self-sufficiency, Brazil's largest electricity user has joined the consortium that is building the massive Belo Monte hydroelectric dam    Friday , 29 Apr 2011

Buenaventura Q1 profits jump 40% to $218.3m

Buenaventura, which controls, 43.7% of the Yanacocha gold pit, said higher sales and stronger metals prices helped push up earnings    Friday , 29 Apr 2011

Kennametal profits exceed expectations - analyst estimates off the mark

Kennametal exceeded analyst estimates reporting higher-than-expected profits of $64.7m in the March quarter on the back of rising demand from the engineering and transportation sectors.    Thursday , 28 Apr 2011

Yesterday's Top Story: Barrick's top management try to ease copper investment fears during AGM

Whether gold bugs and metals analysts like it or not, Barrick could be mining up to 1.4 billion pounds of copper annually within a few years.    Thursday , 28 Apr 2011

PODCASTS / RADIO                                                     

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

PGM prices and an outlook for stocks - Leon Esterhuizen

RBCCM's Leon Esterhuizen says low stock valuations and a positive outlook for metal prices mean a few interesting investment scenarios for PGM stocks

Rare earth prices and Molycorp's Santoku America acquisition- Mark Smith: Molycorp CEO

A look at the reasons behind the rare earth miner's latest deal, how it fits in with the AS Silmet deal announced earlier and a view on why the rare earth supply squeeze could last longer than many expect

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
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Thursday, April 28, 2011

MINEWEB.COM'S TOP STORIES: Barrick's top management try to ease copper investment fears during AGM

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TOP STORIES | Thursday , 28 Apr 2011                                                     

Barrick's top management try to ease copper investment fears during AGM

Whether gold bugs and metals analysts like it or not, Barrick could be mining up to 1.4 billion pounds of copper annually within a few years.    Thursday , 28 Apr 2011

Brigus grows new gold-rich zone, mobilizes drills at Black Fox mine

Follow-up drilling in a newly discovered gold zone at Brigus Gold's Black Fox mine has paid off with confirmation of high grades over growing strike length.    Wednesday , 27 Apr 2011

Ryan Gold's great expectations in the Yukon

Over the past year Ryan Gold has consolidated the rights to a large swath of concessions in the Yukon formerly held by prospecting wunderkind Shawn Ryan who discovered Kinross' White Gold project.    Wednesday , 27 Apr 2011

BHP considering entering LNG space

According to BHP CEO, Marius Kloppers the miner said it would be interested in becoming a liquified natural gas operator over the long term in order to round out the group's energy operations.    Thursday , 28 Apr 2011

Atlantic Richfield pays additional $1m for Anaconda Superfund site clean up

Clean up is still ongoing at the Anaconda Copper Mine Superfund Site located on the edges of Yerington, Nevada.    Thursday , 28 Apr 2011

The danger for gold miners in associating with other commodities

"Pure gold plays" have long attracted a premium rating. By getting into bed with a copper producer, some analysts are worried that Barrick might end up becoming a diversified miner and lose this advantage.    Wednesday , 27 Apr 2011

Old Canadian mining camps being resurrected by high dollar gold price

Dramatic price rises could bring 10 or more past-producing high grade gold mining camps back to life as bulk tonnage projects according to Investment Analyst Ron Wortel. Gold Report interview.    Wednesday , 27 Apr 2011

Namibian govt. mining rights plan worry industry

Proposed legislation to declare uranium, copper, gold, zinc and coal strategic minerals which would give government exclusive exploration and mining rights has raised concerns within industry    Thursday , 28 Apr 2011

Japan rare earth imports from China jump 40% in March

According to data from Japan's ministry of Finance, imports of rare metals grew 40% month on month despite a devastating earthquake    Wednesday , 27 Apr 2011

LME aluminium jumps to near three-year high

A cross-commodity market rally helped by a weaker dollar and dovish comments from the US Fed helped push aluminium on the LME to its highest in nearly three years.    Thursday , 28 Apr 2011

Compass Minerals profits lag estimates

Compass Minerals Q1 profit fell short of analyst estimates for the sixth time in a row but the group says recent strength in the global potash market should help operating margins over the rest of the year    Thursday , 28 Apr 2011

Great Western Minerals signs long-term alloy deal

Shares in the Rare earth miner jumped 9% after it announced it had signed a long term deal with Japan's Aichi Steel to continue providing it with rare earth alloys    Thursday , 28 Apr 2011

Whitehaven Coal to consider takeover offers shortly

Investors in the coal miner pushed shares in the stock 3.3% lower as concerns grow that it may be unsuccessful in its bid to find a buyer    Thursday , 28 Apr 2011

Russian metals firms constrained by rail

Russia's two main rail lines into Asia and, in particular China, are increasingly overburdened which is causing a headache for metals firms looking to increase exports    Wednesday , 27 Apr 2011

Yesterday's Top Story: Nothing to fear from a gold price pullback - it's still a bull market - Holmes

Gold is still only midway through what is seen as a 20-year bull market and any price pullback should be seen as a buying opportunity.    Tuesday , 26 Apr 2011

PODCASTS / RADIO                                                     

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

PGM prices and an outlook for stocks - Leon Esterhuizen

RBCCM's Leon Esterhuizen says low stock valuations and a positive outlook for metal prices mean a few interesting investment scenarios for PGM stocks

Rare earth prices and Molycorp's Santoku America acquisition- Mark Smith: Molycorp CEO

A look at the reasons behind the rare earth miner's latest deal, how it fits in with the AS Silmet deal announced earlier and a view on why the rare earth supply squeeze could last longer than many expect

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

Wednesday, April 27, 2011

MINEWEB.COM'S TOP STORIES: Scotiabank's Mohr says LME copper could re-test record highs in 2011

Mineweb logo
 

 

FEATURED PODCAST                                                     

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
 

TOP STORIES | Wednesday , 27 Apr 2011                                                     

Scotiabank's Mohr says LME copper could re-test record highs in 2011

Both Chinese and Japanese copper demand could strengthen this year, as end-use demand in air conditioners, electronics, railway equipment and automobiles remains robust.    Wednesday , 27 Apr 2011

Healthy gold, bonanza silver drilling at Troy's Argentinean project

The Australian gold miner that also holds gold and iron ore assets has an important new target at its Casposa gold-silver project in Argentina.    Wednesday , 27 Apr 2011

Slim pickings for Minmetals after Equinox failure

China's Minmetals Resources new challenge is to find a target company it wants to buy after losing out to Barrick in its bid for copper producer, Equinox Minerals    Wednesday , 27 Apr 2011

Power woes, lower recoveries hit Fortuna Q1 silver production

Fortuna Silver Mines' 2011 production guidance is 2.4 million silver ounces, 7,530 gold ounces, 25.2 million pounds of zinc, 16.6 million pounds of lead, and 760,000 pounds of copper.    Wednesday , 27 Apr 2011

Crowflight resumes mining at beleaguered Bucko Lake nickel mine

Crowflight Minerals has struggled to keep the Bucko Lake nickel mine up and running over the past three years, but with a new owner-operator mining fleet Crowflight hopes to turn a profit.    Tuesday , 26 Apr 2011

Has copper become the new gold?

Barrick's surprise bid for copper producer, Equinox minerals has some analysts considering whether or not copper's prospects are looking better than those of the yellow metal    Wednesday , 27 Apr 2011

Colossus hits behemoth gold-PGM intercept in Brazil

Colossus Minerals' latest drill results for its Serra Pelada project include a cut 7.3 metres @ 1,494.7 g/t gold, 516.6 g/t platinum and 558.9 g/t palladium in hole 99    Tuesday , 26 Apr 2011

What's changed now that gold's at $1500...?

Gold remains the bellwether as the dollar continues its downward path. In reality nothing has changed in gold's fundamentals.    Tuesday , 26 Apr 2011

Gold investment opportunities abound for India's rich

Asset managers and investment bankers, looking to target high net worth individuals in India are increasingly offering new and varied ways to invest in bullion    Tuesday , 26 Apr 2011

Nothing to fear from a gold price pullback - it's still a bull market - Holmes

Gold is still only midway through what is seen as a 20-year bull market and any price pullback should be seen as a buying opportunity.    Tuesday , 26 Apr 2011

Guinea to be tougher on foreign mine developers

Mineral rich Guinea in West Africa with some of the biggest global reserves of bauxite and iron ore, is to add to the burden of mine developers in its new mining code.    Tuesday , 26 Apr 2011

Equinox shares jump in Australia after Barrick bid

Shares in Equinox jumped 7% in Australia Wednesday when trading resumed after a public holiday on Monday and Tuesday as investors digested the news of Barrick's takeover offer    Wednesday , 27 Apr 2011

Yesterday's Top Story: Is it silver which is in a bubble - or is it just frothy?

Some observers think gold is in a bubble, but silver has been rising far faster. Can this momentum be maintained or is now the time to take at least some profits as the price closes on $50.    Monday , 25 Apr 2011

PODCASTS / RADIO                                                     

PGM prices and an outlook for stocks - Leon Esterhuizen

RBCCM's Leon Esterhuizen says low stock valuations and a positive outlook for metal prices mean a few interesting investment scenarios for PGM stocks

Rare earth prices and Molycorp's Santoku America acquisition- Mark Smith: Molycorp CEO

A look at the reasons behind the rare earth miner's latest deal, how it fits in with the AS Silmet deal announced earlier and a view on why the rare earth supply squeeze could last longer than many expect

Gold Fields buys Ghana mine stakes from IAMGOLD - Nick Holland

Gold Fields to buy IAMGOLD's nearly 19% stake in two mines in Ghana

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