Friday, February 24, 2012

MINEWEB.COM'S TOP STORIES: Fraser survey says New Brunswick is mining heaven, Honduras is the pits

Mineweb logo
 

These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com

 
 

TOP STORIES | Friday , 24 Feb 2012                                                     

Fraser survey says New Brunswick is mining heaven, Honduras is the pits

"The best mineral deposit has no value if government regulations and taxation prevent production." The latest ratings from the Fraser Institute see some significant changes from a year ago.    Friday , 24 Feb 2012

Newmont reports record adjusted net income, record reserves

Newmont Mining's board has declared a first-quarter 2012 dividend of 35-cents per share, a 133% increase over the 1Q 2011 dividend.    Friday , 24 Feb 2012

Centerra Gold achieves $1 billion revenue milestone in 2011

Centerra's 2011 gold production declined 5%, but net earnings for the year were up on 27% lift in the gold price received. CEO predicts cash costs of $465-500/oz in 2012.    Friday , 24 Feb 2012

New all-time highs for gold may only be days away

Four key elements suggest that gold is due for a break-out from its current trading range and point to such a move happening very soon with new highs by the summer.    Friday , 24 Feb 2012

Gold and silver to continue rising as Fed's Wall Street puppets cornered

Central bank shenanigans and rising inflationary fears are fueling a big rise in precious metals. It's set to continue.    Friday , 24 Feb 2012

NZ's largest undeveloped gold project to see follow-up drill programme

The Australian company which lifted the cobwebs off the Sams Creek gold project with an aggressive nine hole diamond drilling programme is already looking at a second.    Friday , 24 Feb 2012

Molycorp Q4 revenue rises sixfold, warns on costs

Colorado-based Molycorp posted a quarterly profit rise on Thursday and sees strong sales growth over the next year, but warns that production costs will be higher on rising chemical and labor costs.    Friday , 24 Feb 2012

Osisko Mining's Malartic mine lifts Q4 profit

Helped by a strong performance at its Malartic mine, Osisko reported a C$37.8 million 4Q net profit.    Friday , 24 Feb 2012

Northam Platinum's H1 earnings more than doubles

The company's first-half earnings more than doubled owing to significantly improved production and a higher average price.    Friday , 24 Feb 2012

Iamgold reports 8% Q4 net profit rise, but costs weigh

Net earnings in the fourth quarter rose to $133.6 million, helped by a sharp increase in gold prices, but adjusted earnings fell due to fewer gold ounces sold and higher production costs.    Friday , 24 Feb 2012

Lihir gold unit issues put Newcrest Mining 2012 guidance under pressure

Newcrest says production disruptions at the Lihir plant are putting its 2012 production and cost guidance are under pressure, though it still hopes to meet its targets.    Friday , 24 Feb 2012

Iron ore spot prices continue to rise, but amidst some uncertainty

Traders have been bidding up iron ore prices on gamble on Chinese construction growth, but steel demand remains weak for the moment    Friday , 24 Feb 2012

Rio Tinto unearths Australia's biggest rough pink diamond

The pink diamond, weighing 12.76 carats, was discovered at its Argyle mine in the East Kimberley region in Western Australia.    Friday , 24 Feb 2012

South Africa's platinum miners to take lead on output cuts?

With profit prospects looking poor, production cuts would benefit prices and the sector as a whole, but it would take a brave miner to be first to cut output in a bid to raise prices.    Friday , 24 Feb 2012

Zimbabwe partially rejects Implats' Mimosa ownership plan

Impala Platinum says Zimbabwe has rejected part of a plan submitted by its subsidiary Mimosa Holdings to comply with the local ownership requirements.    Friday , 24 Feb 2012

Quality assets and quality management best path to junior gold investment

Finding and sticking with quality precious metals assets is the strategy that speaks loudest to James West. Read about his philosophical and practical approach in this Gold Report interview.    Friday , 24 Feb 2012

Golden Predator stock jumps on Yukon gold intercepts

Golden Predator started Thursday off on a strong footing with a report of long gold-mineralized intercepts from the Grew Creek project in the Yukon that helped boost its shareprice.    Thursday , 23 Feb 2012

Alamos Gold Q4 profit up 16% on robust gold prices

Toronto, Ontario-based company Alamos Gold reported a 16% profit rise in the fourth quarter of 2011, boosted by mainly by surging gold prices.    Thursday , 23 Feb 2012

UPDATE: Controversial hike in fees could affect bids to take over London Metal Exchange

The LME Board is considering adjustments to its proposed new fee structure which has met with opposition from member companies, but will also affect earnings projections by prospective bidders for the Exchange.    Thursday , 23 Feb 2012

UPDATE: Labour problems again at Freeport's Grasberg copper-gold mega mine

Workers at the world's second largest copper mine and largest gold mine have gone on strike again on claims management hasn't abided by back-to-work deal agreed in December    Thursday , 23 Feb 2012

Mozambique to start work on Nacala coal terminal in few months - PM

Mozambican Prime Minister Aires Aly said Thursday he expects construction of a Nacala coal terminal to start in the next few months, with the aim of having it running in two to three years.    Thursday , 23 Feb 2012

Union awakes to defend itself in Impala Platinum strike violence

South Africa's Association of Mineworkers and Construction Union (AMCU) admits to making a presentation to workers but denies that it is behind strikers' violent acts.    Thursday , 23 Feb 2012

Nyrstar expects 2012 output to rise 70%

For 2012, the group expects to produce 310,000 to 350,000 tonnes, an increase of between 50% and 70%, as more of its acquired mines become operational.    Thursday , 23 Feb 2012

West African gold miner Avocet FY profit triples; positive on Guinea

The full-year profit more than tripled to $115.1 million, helped by gains from the sale of its South East Asian assets and reports that talks with the government of Guinea over a newly introduced mining code had been positive.    Thursday , 23 Feb 2012

Yesterday's Top Story: India predicted to import 5000 tonnes silver in 2012, price to exceed $60/oz

Demand for the white metal in India is seen surging this year from last year's 4,800 tonnes and prices are expected to shoot up as a result says the Bombay Bullion Association.    Thursday , 23 Feb 2012

PODCASTS / RADIO                                                     

Gold and silver to be much higher by end of Q1 - Turk

GoldMoney founder James Turk, believes, while one can't predict what the catalyst is going to be that will force gold and silver higher, the bull market remains intact

Cynthia Carroll on Anglo's future, iron ore pricing and a Glenstrata

Anglo American CEO, Cynthia Carroll, talks to Mineweb about the prospects for iron ore, copper and why she is not concerned about Glenstrata

Gold's year of two halves -Marcus Grubb

The World Gold Council has just released its Gold Demand Trends for the full year 2011 and the MD for Investment, Marcus Grubb, picks through the main trends

For gold, the pressure is upwards - Gibson

The yellow metal is currently range-bound and, while the pressure is upwards, Edison's Charles Gibson says, there is a feeling that the upward only trend is coming to an end.

 

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

PDAC 2012
Date: 04 March 2012 - 07 March 2012
Venue: Metro Toronto Convention Centre (South), Toronto, Canada
The annual Prospectors & Developers Association of Canada (PDAC) conference and exhibition is the largest mineral exploration event held anywhere in the world. Last year's conference saw attendance from more than 27,000 delegates. Read More
Investing in Asian Mining Indaba
Date: 29 October 2012 - 31 October 2012
Venue: Marina Bay Sands, Singapore
he organisers of the world's largest mining investment event, Investing in African Mining Indaba, will bring its successful business event platform to Asian soil: Investing in Asian Mining Indaba will be held 29-31 October 2012 at the Marina Bay Sands Singapore, www.AsianMiningIndaba.com. The An... Read More
2012 San Francisco Hard Assets Investment Conference
Date: 27 November 2012 - 28 November 2012
Venue: San Francisco Marriott, USA
The San Francisco Hard Assets Investment Conference offers the attendee advice on resouce sector investment and the chance to meet many of the companies involved. Read More

FEATURED
COMPANY

View more featured mining companies

ENGINE ROOM

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


Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

 

Production

Lindiwe Molekoa, Johannesburg

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