Friday, February 10, 2012

MINEWEB.COM'S TOP STORIES: Cameco reports record revenue from high uranium prices

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TOP STORIES | Thursday , 09 Feb 2012                                                     

Cameco reports record revenue from high uranium prices

While the nuclear industry outlook remains uncertain for the near to medium term, Cameco foresees "a very strong and promising growth profile" in the long term.    Thursday , 09 Feb 2012

Lihir and Telfer boost Newcrest's resources

Despite shedding some of its resources in Queensland, the Australian miner was able to lift group resources to 149.7 million ounces of gold and 20.04 tonnes of copper in the Dec quarter    Friday , 10 Feb 2012

Chinese copper demand to remain strong in 2012 - Grupo Mexico

Both Grupo Mexico and its subsidiary, Southern Copper Corporation, achieved record net profits in 2011 and remain positive on the outlook for 2012.    Friday , 10 Feb 2012

Chinese rebalancing likely to boost gold demand

China's industrial development is still very much a work in progress and, Ben Traynor argues that the likely next phase - a rebalancing of wealth away from industry toward households - could be good for gold demand    Thursday , 09 Feb 2012

Volatility and uncertainty force miners to look for more innovative financing

While South African and Australian banks are benefitting from a reluctance by European and US banks to lend into the sector, miners are increasingly looking at commodity linked loans to secure financing.    Thursday , 09 Feb 2012

S.Africa's President promises "competitive" mining sector

In his annual State of the Nation address, President Jacob Zuma promised to keep the country's mining industry "globally competitive", further knocking prospects of mine nationalisation.    Friday , 10 Feb 2012

Centerra lifts gold resource size 36%

The gold miner reported a 36% rise in the size of its measured and indicated gold resources Thursday, driven by exploration success at its projects in and around Central Asia.    Friday , 10 Feb 2012

How high or low can gold and silver go? Greg Weldon and Grant Williams

Preserving wealth in a volatile political and financial world is a job for gold. Greg Weldon and Grant Williams give their views on the likely path of the gold price. Gold Report interview.    Thursday , 09 Feb 2012

Inmet Mining's Q4 profit plunge on weak prices

Toronto-based Inmet Mining saw its fourth-quarter profit fall 67%, on the back of lower copper and zinc prices.    Friday , 10 Feb 2012

Vale rents potassium mining assets from Petrobras

The miner is a step closer to developing its Carnalita potassium project after agreeing to rent mining assets from oil giant Petrobras.    Friday , 10 Feb 2012

Higher coal prices lift Teck's quarterly profit

Despite posting a sharp increase in quarterly profit on Thursday on the back of higher coal prices, Teck Resources warned that markets remain volatile.    Friday , 10 Feb 2012

Rare Element sees quarterly loss; writes down property

The loss included $3.8 million in exploration spending at its Bear Lodge property, a promising rare earth deposit in Wyoming and a write down of its Nuiklavik property in Canada.    Friday , 10 Feb 2012

Silvercorp sees 20% rise in fiscal 2013 output

The company expects to produce 6.7 million ounces of silver and 18,240 ounces of gold in fiscal 2013, as it scales up production at its key Ying mine in China.    Thursday , 09 Feb 2012

Tata Steel posts 1st quarterly loss in more than two years

Tata Steel posted a net loss of $139 million for its fiscal third quarter ended December, its first quarterly net loss in more than two years, hit by higher raw material costs and weak prices in Europe.    Thursday , 09 Feb 2012

Zimplats Q2 profit down 68% on weak prices

The miner, 87% owned by Impala Platinum, posted a 68% drop in quarterly profit on Thursday in the light of weakening platinum prices.    Thursday , 09 Feb 2012

Namibia's CoM in super tax talks with state

President of the Namibian Chamber of Mines, Mark Dawe, said Thursday the organisation is in talks with the government over a proposed mine super tax, likely to be implemented sometime this year.    Thursday , 09 Feb 2012

Ghana sets up committee to review mining contracts

The country has set up a committee to review and renegotiate stability investment agreements with mining companies, a senior government official said Thursday.    Thursday , 09 Feb 2012

Yesterday's Top Story: Gold miners need gold above $1,650 to keep nose above water

According to a number of gold company CEO's it costs about $1,200 to pull an ounce of gold out of the ground.    Wednesday , 08 Feb 2012

PODCASTS / RADIO                                                     

Gold prices to go higher but too much optimism is unwarranted - Credit Suisse

Credit Suisse's Tom Kendall says that while there is a good chance of seeing prices back up towards last year's consensus predictions might well be a little on the high side

MINING INDABA: HARMONY Q2 earnings - Graham Briggs

Harmony Gold's CEO, explains why the grades grew so strongly during the quarter and talks about the progression of the Wafi-Golpu project

MINING INDABA - IAMGold CEO, Steve Letwin

Steve Letwin talks about dividends, separating out its REE assets and looks at a floor for gold prices of around $1,400

 

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Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Africa

Christy Filen, Johannesburg


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Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Mooi River, SA

 

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