Wednesday, May 9, 2012

MINEWEB.COM'S TOP STORIES: Despite 1Q production woes, Hecla Mining announces dividend, share repurchases

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FEATURED PODCAST                                                     

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
 

TOP STORIES | Wednesday , 09 May 2012                                                     

Despite 1Q production woes, Hecla Mining announces dividend, share repurchases

Hecla's 1Q silver production plunged from 2,454,408 ounces in the first quarter of last year to 1,328,794 ounces, due to the Lucky Friday shutdown, and expansion program at Greens Creek.    Wednesday , 09 May 2012

Kinross Gold board approves $370m Dvoinoye gold-silver project

Kinross' gold equivalent ounce production dropped 6% in the first quarter, but Kinross officials are standing pat on their 2012 guidance of 2.6 million to 2.8 million GEO.    Wednesday , 09 May 2012

Alexco Resources net income falls on lower silver price

Lower silver prices outweighed increased production to eat into the primary silver miner's net income for the first quarter 2012    Wednesday , 09 May 2012

Harmony Gold Q3 earnings beat expectations

The company's Q3 earnings came in three times higher than analyst estimates as a result of a R652 million deferred tax credit.    Wednesday , 09 May 2012

Junior sector 'primed for consolidation' - Haywood

Haywood lists off all the ugly bits that have defined the junior market of late, but concludes with a ray of hope in a recent report on the junior sector.    Tuesday , 08 May 2012

South Africa gets new US$190m manganese mine

Backed by Hong Kong interests, Kudumane Manganese Resources kicks off new US$190m mine in South Africa's Northern Cape province    Tuesday , 08 May 2012

Indian government rolls back gold tax

The shine is back on gold jewellery in India with the government scrapping the 1% excise duty imposed on gold jewellery, raising expectations of an immediate pickup in demand.    Tuesday , 08 May 2012

Business, miners hit in Australian budget

Australian Budget paints Wayne Swan as Robin Hood and miners as the Sheriff of Nottingham    Wednesday , 09 May 2012

Franco-Nevada profit more than doubles on bullion prices

The strong results prompted the gold-focused miner to boost its monthly dividend by 25% to 5 cents a share.    Wednesday , 09 May 2012

Newmont's Yanacocha lifts Peru March gold output 5.1%

The Peruvian Energy & Mines Ministry reports the country's gold output climbed for a fourth month in March on gains at Newmont Mining's Yanacocha mine which increased production by 27%.    Wednesday , 09 May 2012

SouthGobi unit helps in Mongolia anti-corruption probe

The miner says it is co-operating with Mongolia's anti-corruption agency regarding a probe into a third party to explain Tuesday's sharp fall in its share price.    Wednesday , 09 May 2012

Endeavour Silver profit up on higher output, prices

The Vancouver, British Columbia-based company remains on track to meet its production forecast of 4.3 million ounces of silver and 26,000 ounces of gold for the year.    Wednesday , 09 May 2012

Glencore under fire over DRC mining deals

Anti-corruption group Global Witness says Glencore should provide more detail on what it says are "potentially corrupt deals" in the DRC.    Wednesday , 09 May 2012

Europe must improve for Kloeckner & Co to reach 2012 profit

The metals trader says it will only reach its 2012 profit target if Europe's economy improved in the second half of the year.    Wednesday , 09 May 2012

Sierra Leone presidential candidate to renegotiate iron ore mining contracts

Former junta leader and now presidential candidate, Julius Maada Bio, says the current contracts are not in the interest of the country and only benefit the mining companies.    Tuesday , 08 May 2012

ArcelorMittal sees 2012 steel use growing 4% to 4.5%

The world's largest steelmaker sees global steel consumption growing by between 4% and 4.5% this year, estimating a decline in use in Europe and a surge in North America.    Tuesday , 08 May 2012

India's Hindalco posts lower-than-expected profit fall; shares gain

Despite reporting a 9.6% drop in its quarterly profits, shares in Hindalco Industries rose nearly 2%, as better volumes and higher other income helped limit the impact of volatile input costs.    Tuesday , 08 May 2012

Yesterday's Top Story: China Q1 gold imports up six-fold YoY

China's imports of gold through Hong Kong have risen six times in the first quarter of the year compared with a year earlier - with March 59% above February's figures on a month on month basis.    Tuesday , 08 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

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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

 

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