Tuesday, May 15, 2012

MINEWEB.COM'S TOP STORIES: Cameco to buy German/U.S. nuclear fuel broker Nukem Energy

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FEATURED PODCAST                                                     

Platinum, palladium market trends 2012 - Johnson Matthey

Johnson Matthey Publications Manager, Jon Butler, looks at what happened in the PGM market in 2011 and looks ahead to the anticipated trends for 2012
 

TOP STORIES | Tuesday , 15 May 2012                                                     

Cameco to buy German/U.S. nuclear fuel broker Nukem Energy

The proposed acquisition of Nukem Energy Group is expected to have a positive impact on Cameco's cash flow earnings starting in 2013.    Tuesday , 15 May 2012

Proposed Molycorp/Neo Materials acquisition gets lukewarm S&P reception

S&P anticipates demand and pricing for rare earth elements will remain high enough to allow Molycorp to complete its Mountain Pass mine build out and complete the Neo Materials acquisition.    Tuesday , 15 May 2012

Silver Wheaton reports record quarterly revenues of nearly $200 million

Silver Wheaton CEO Randy Smallwood suggests challenging times for junior and mid-tier mining companies could be beneficial for the company's expanding portfolio.    Tuesday , 15 May 2012

A shift in Indian gold buying patterns?

Gold exchange traded funds are close to the $2 billion mark for the first time in India, marking a shift in the buying patterns of Indian consumers.    Tuesday , 15 May 2012

Baja CEO quits as funding crunch intensifies

Longtime President and CEO of Baja, John Greenslade, quits as the clock ticks for Baja to source more funding to finish its Boleo copper project in Mexico.    Monday , 14 May 2012

Platinum to remain in surplus, palladium to move to deficit in 2012 - Johnson Matthey

A look at the trends seen in the PGM market in 2011 and what Johnson Matthey expects in 2012    Monday , 14 May 2012

South African mines minister plays down tax worries

Speaking on the sidelines of a diamond conference in Vicenza, Italy, Susan Shabangu said it was too early to discuss details of the tax proposal but added it will keep the country's vital mining industry competitive.    Tuesday , 15 May 2012

SA Tax authority's mining 'Blitzkrieg'

The South African Revenue Service's crackdown on claimants of refunds for diesel purchases has been criticised strongly by independent auditors; SARS remains unapologetic    Tuesday , 15 May 2012

India sets its sights on Mongolian coal

Ever in need of coal, India has set its sights on the acquisition of a coking coal mine in Mongolia and will, in return, establish the country's first steel plant.    Monday , 14 May 2012

First Quantum scoops up 19.9% of Zincore

Peru figures larger in First Quantum plans as it buys a sizeable stake in junior explorer Zincore Metals.    Monday , 14 May 2012

Barrick Gold sees slightly lower output in Peru

The miner expects output at its Lagunas Norte mine to be similar to last year and its Pierina mine to produce slightly lower ounces than it did in 2011.    Tuesday , 15 May 2012

Hochschild Mining to invest $425m in Peru projects

The two-year investment is earmarked for the Inmaculada and Crespo projects, near its Arcata and Pallancata mines in southern Peru.    Tuesday , 15 May 2012

Copper miner KGHM's net profit drops on forex losses

Polish copper miner KGHM posted a 29% drop in its Q1 net profit Tuesday, in line with market estimates, as the appreciating zloty resulted in foreign exchange losses on its dollar positions.    Tuesday , 15 May 2012

Volcan sees 2012 silver output up 7%

General Manager Juan Jose Herrera told the International Gold Symposium on Monday the company's silver output will likely rise 7% this year.    Tuesday , 15 May 2012

SouthGobi continues Mongolia mining operations

The company is continuing coal mining operations in Mongolia despite a recent announcement by government it would suspend its licences.    Monday , 14 May 2012

Paladin Energy hit by worker strike at Malawi mine

Most of the local workers at the company's Kayelekera uranium mine went on strike Friday demanding higher wages and the plant is expected to operate at about 65% capacity until they return.    Monday , 14 May 2012

US PGM investment out of favour

For many investors PGM is not as attractive as gold from an investment point of view in this kind of market because it is not a pure precious metal play    Monday , 14 May 2012

Yesterday's Top Story: Calls for Indian gold bonds grow louder

The Indian government is mulling the issuance of gold bonds to decrease imports, arrest the rupee's slide and channel household savings into infrastructure.    Friday , 11 May 2012

PODCASTS / RADIO                                                     

AngloGold Ashanti Quarterly earnings - Mark Cutifani

According to Mark Cutifani, AngloGold Ashanti CEO, the group's diversity helped boost the numbers for the quarter, as did the higher gold price

Chinese demand, the US election and the outlook for gold over summer - Steel

"We are probably going through the correction now, the second half of the year is likely to be a little better"

Zinc's long term future and current drivers - Huw Roberts

CHR Metals director Huw Roberts, looks at the reasons behind the emerging return of interest in zinc on the part of analysts and what we might expect in the medium term

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

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CONFERENCES

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

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Editor in Chief

Alec Hogg, Johannesburg

 

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