Thursday, May 3, 2012

MINEWEB.COM'S TOP STORIES: Barrick takes $93m write-down on Highland Gold investment

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 | Thursday , 03 May 2012                                                     

Barrick takes $93m write-down on Highland Gold investment

Barrick Gold reported lower gold production and higher copper output during Q1, forecasting even less gold production for Q2 due to planned construction and maintenance.    Thursday , 03 May 2012

India's silver jewellery exports grow in the US

Traders say silver exports are set to zoom as the price of gold continues to rise.    Wednesday , 02 May 2012

Gold to remain high on the backs of inept central bankers - Faber

While a further move down is possible, investment fund manager, Marc Faber says over the long term gold should move higher    Thursday , 03 May 2012

Q1 copper sales at new record - Grupo Mexico

Despite substantial declines in metals prices, Grupo Mexico and its subsidiaries AMC and Southern Copper reported strong metals sales during the first quarter.    Thursday , 03 May 2012

Sunridge's Asmara copper-zinc project minelife jumps 50%

Sunridge plans to integrate four deposits with copper, zinc, gold and silver to increase the production potential of its Asmara project in Eritrea.    Wednesday , 02 May 2012

JSE suspends 2 junior coal companies

Two junior South African coal companies, Firestone Energy and SA Coal Mining Holdings have been suspended from the JSE, one voluntarily, the other not    Wednesday , 02 May 2012

Randgold brushes off Mali unrest concerns, says Q1 profit up 126% yoy

The miner is sticking to its production guidance for 2012 despite the March coup in Mali, home to some two-thirds of its gold output.    Thursday , 03 May 2012

SDI new copper rod mill to compete with China for scrap

Market participants reckon SDI's new copper wire rod mill in Indiana, which will use a grade of copper scrap popular in China as its raw material, will put it in direct competition with the Far East and potentially drive prices higher.    Thursday , 03 May 2012

Boliden Q1 EBIT exceeds forecasts

The miner achieved higher-than-expected first-quarter profits, supported by robust prices for its main metals, despite softening industrial activity and higher production at its smelters.    Thursday , 03 May 2012

Higher gold prices lift Avocet Mining pretax profit

West Africa-focused Avocet Mining says its quarterly pretax profit climbed on higher gold prices, but lower production resulted in high cash cost per ounce produced.    Thursday , 03 May 2012

Gold to gain as financial crisis moves from Greece to Spain

David Levenstein says although gold prices remain range bound, prices firmed up during last week indicating a more bullish sentiment in the short-term.    Thursday , 03 May 2012

Uranium and thorium present real risk to rare earths developers - Dennis

Carolyn Dennis of Dundee Capital Markets reckons that for risk-tolerant investors, the rare earths space could offer significant returns. Critical Metals Report interview.    Wednesday , 02 May 2012

First Quantum Q1 operating profit falls on copper prices

Adjusted to remove one-time items, Q1 profit was C$119 million compared with C$206.7 million in the corresponding quarter of 2011.    Thursday , 03 May 2012

New Gold profit rises 36% on robust gold prices

The Canadian gold miner, which owns operating assets in the US, Mexico and Australia, attributes the profit rise to higher bullion prices.    Thursday , 03 May 2012

NALCO issues 12,000 T aluminium ingot export tender

The last date for submission of bids is May 8 and the metal will be shipped in six batches of 2,000 tonnes each from May to October.    Thursday , 03 May 2012

BHP Billiton moves to ease investor worries over mega project spend

The world's largest miner has moved to reassure investors fretting over its spending on "mega projects", saying they will be approved in a sequence that maximises value, reduces risk and balances short- and long-term returns.    Wednesday , 02 May 2012

Polyus Gold advances London premium listing after share sales

CEO German Pikhoya says he hopes the premium listing in London will happen in the near future after the gold miner sold stakes to China's CIC and Russia's VTB bank this week.    Wednesday , 02 May 2012

Yesterday's Top Story: Patterns in gold price puzzling - but understandable

The yellow metal seems increasingly resilient in the face of poor current fundamentals and strange downward price spikes from which it has recovered rapidly?    Wednesday , 02 May 2012

PODCASTS / RADIO                                                     

Central Bank gold buying, consolidation and the impact of the euro zone - Nichols

Jeff Nichols, looks at why central bank buying is so important and the potential impact of a breakup of the euro zone on the gold market

Chinese copper stocks and the commodities complex - Nic Brown

Natixis's head of commodities research believes we could see China well stocked with copper this year and the rest of the world a little short on the metal.

Mine financing, silver and Silver Wheaton's prospects - Randy Smallwood

Silver Wheaton CEO, Randy Smallwood, explains why the current funding environment is good for the company and why he remains bullish on the metal.

Real interest rates and the lack of a gold bubble - Ross Norman

Speaking to Mineweb from the Denver Gold Group's European Gold Forum, Ross Norman explains why gold is not in a bubble and why investors must continue to come to the party

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

2012 New York Hard Assets Investment Conference and Exhibition
Date: 14 May 2012 - 15 May 2012
Venue: Marriott Marquis Hotel, Times Square, New York
The New York Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Mineweb will be in attendance. Read More
RES - Broken Hill 2012
Date: 20 May 2012 - 23 May 2012
Venue: Civic Centre, Broken Hill, Australia
A 2.5 day symposium with key industry players, private investors and world class international speakers. Learn more about the resources and energy sector and how it impacts Australia's future and the global economy. Read More
Earth's Resources Conference 2012
Date: 20 June 2012 - 21 June 2012
Venue: JW Marriott Hotel, Hong Kong
A high-powered invitation-only conference bringing together institutional investors and mining companies interested in particular in generating investment in the Asian marketplace. Read More

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, Johannesburg

 

   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 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

No comments:

Post a Comment