Thursday, May 10, 2012

MINEWEB.COM'S TOP STORIES: Gold deals dominate in Canadian Q1 mining M&A activity-KPMG

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FEATURED PODCAST                                                     

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"
 

TOP STORIES | Thursday , 10 May 2012                                                     

Gold deals dominate in Canadian Q1 mining M&A activity-KPMG

More than 81 mining transactions were announced globally during Q1 2012 with a total value of US$90 billion; however, big value M&A mining mergers declined in Canada, says KPMG.    Thursday , 10 May 2012

Update: Fickle gold and silver prices - a pragmatist's viewpoint

For whatever reason gold and silver prices have been falling recently, but this may be irrelevant in the long term scheme of things (Updated with charts)    Wednesday , 09 May 2012

Cliffs' 'world class' chromite project gets Ontario Govt.'s ardent support

Cliffs Natural Resources board approves advancing the proposed C$3.3bn project in the Ring of Fire area of Northern Ontario to the feasibility stage.    Thursday , 10 May 2012

Opinion: Buying gold on the 'Roubini Dip'

Doom and gloom economist Nouriel Roubini appears to be more than a little fallible in his predictions in the past three years, so should one take his latest twitter anti-gold gibe as a buying indicator?    Wednesday , 09 May 2012

AuRico Gold Q1 adj profit rises on higher gold prices

The company earned $57.8 million up from $20.2 million a year earlier during the first quarter as it sold more gold at higher prices.    Thursday , 10 May 2012

ArcelorMittal eyes higher Q2 profits after strong start

The Luxembourg-based company is hoping to reel in even stronger profits in the second quarter after it beat expectations in the first three months of the year.    Thursday , 10 May 2012

Vale wins court injunction barring $12.4bn tax debt repayment

Brazil's Federal Supreme Court suspended on Wednesday the payment of about $12.4 billion in back taxes by Vale, handing the company a temporary victory in a dispute with the government.    Thursday , 10 May 2012

Northern Iron shares surge on Indian bid report

Citing people with direct knowledge of the matter, the Economic Times reported Thursday that Aditya Birla had submitted a non-binding bid for the miner, sending its shares up 19% to a six month high.    Thursday , 10 May 2012

Rio Tinto reaffirms 'somewhat' confident outlook

Chairman Jan du Plessis told shareholders at the group's Australian annual meeting that the company is somewhat more confident about the outlook for commodities demand than it was six months ago.    Thursday , 10 May 2012

Zenyatta graphite deposit grows with first step out drilling results

Zenyatta Ventures can begin to claim some size to the Albany graphite deposit in Ontario with assays beyond its discovery drillhole in hand.    Thursday , 10 May 2012

Wholesale grade drop pummels Harmony profits

Exacerbated by stoppages and repairs, the gold miner reported a 20% drop in overall grade but, the bottom line was saved by a tax credit.    Wednesday , 09 May 2012

Glencore sees healthy global commodities demand

In a week when renewed fears over Europe's debt crisis have dominated markets, the company has reassured investors with its view of broadly healthy demand for the commodities it mines, farms and drills.    Wednesday , 09 May 2012

'Killer comeback' for gold could now be on the cards

Despite the past couple of days' dive in the gold price, the latest news from the Eurozone, the US economy and in the Far East might all be taken as gold positive and could presage a sharp recovery in the price.    Wednesday , 09 May 2012

Chinalco Mining seeks nod for up to $1bn IPO

The IFR reports Chinalco plans to seek approval from the Hong Kong stock exchange on May 17 for an IPO that could raise up to $1 billion.    Wednesday , 09 May 2012

Maybe not so bad after all - Nevsun ups gold guidance

Nevsun reports that it is mining higher than expected gold grades following a nasty blow to its resource model earlier this year.    Wednesday , 09 May 2012

Centamin Q1 gold output at flagship Sukari rises 9%

Quarterly production at Centamin's large-scale Sukari gold mine in Egypt rose 9%, sending the company's shares up as much as 4.5%.    Wednesday , 09 May 2012

Citizen resistance keeps Malaysia rare earths plant on hold

The expanding protest movement against Lynas Corp's rare earths plant in Kuantan has already delayed the project by eight months and has cast a shadow over its future.    Wednesday , 09 May 2012

Amplats unveils fuel cell-powered mining locomotive

The prototype is one of five fuel cell-powered locomotives that will be tested for underground use at one of Amplats' platinum mines.    Thursday , 10 May 2012

Yesterday's top story: 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

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

Aura appoints corporate advisory firm

  • Leading independent Australian investment house Gresham Advisory Partners appointed as corporate advisers
  • Mandate to focus on identifying appropriate opportunities for the Häggån project

Aura Energy (Aura, ASX: AEE) has appointed leading independent Australian investment and advisory house Gresham Advisory Partners Limited (Gresham) as a corporate advisor to the company.

The recent release of Scoping Study outcomes for the Häggån Project in Sweden has led to an increase in expressions of interest in the Project from a number of significant participants in the uranium sector.

For full release, click here...

 
 

CONFERENCES

2012 New York Hard Assets Investment Conference and Exhibition
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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

 

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