Wednesday, May 2, 2012

MINEWEB.COM'S TOP STORIES: Long term, nuclear industry growth will be very strong - Cameco

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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

 

 

FEATURED PODCAST                                                     

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
 

TOP STORIES | Wednesday , 02 May 2012                                                     

Long term, nuclear industry growth will be very strong - Cameco

Canadian uranium powerhouse Cameco reported a strong first quarter for both financials and uranium production.    Wednesday , 02 May 2012

With Mercedes on line, Yamana 1Q production exceeds plan

Yamana is sticking with its original 2012 guidance for gold equivalent ounces; however, total copper output declined substantially during the first quarter.    Wednesday , 02 May 2012

Why LME copper is likely to remain tight in 2012

While Chinese warehouses are likely to remain well stocked this year, there is every possibility of a copper supply deficit in 2012 says Natixis' Nic Brown.    Wednesday , 02 May 2012

Crazy Horse gunning to sell joint-venture 500mt copper project

Prefeasibility in hand, Crazy Horse signals a strong intent to find a partner or buyer on its Taysan copper project.    Wednesday , 02 May 2012

Xstrata woos waverers to back $39bn Glencore deal

Industry analysts believe the deal will ultimately succeed but Xstrata faced opposition from some investors, as 36.5% of those voting rejected its pay plan, up from a hefty 31.7% no vote last year.    Wednesday , 02 May 2012

Long gold hits buoy Lake Shore shares

There could be more gold ounces for Lake Shore Gold in resource update of its bulk tonnage Fenn-Gib project.    Tuesday , 01 May 2012

Rio Tinto hopes to finalise alumina plant sale by September

The transnational miner said Tuesday it hopes to complete the sale of four alumina plants in France and Germany by the end of September.    Tuesday , 01 May 2012

Ivanhoe Mines' new CEO, CFO plucked from Rio Tinto's ranks

Ivanhoe Mines said late Tuesday that Kay Priestly, who has served as interim CEO, will stay on as the new CEO while Chris Bateman will assume his role as the new CFO.    Wednesday , 02 May 2012

Power cuts disrupt Minmetals copper target at DRC mine

Hong Kong-listed Minmetals Resources said Wednesday its Kinsevere copper mine in the DRC will fall short of production targets due to power disruptions.    Wednesday , 02 May 2012

Focus on gold stocks that have cash, cash-flow growth and solid balance sheets - Lostritto

Paolo Lostritto attributes development companies' current struggles to both the recent trend for capital and operating cost increases and to the European sovereign debt crisis. Gold Report interview.    Tuesday , 01 May 2012

Polyus Gold raises $365m through stake sale

The Russian gold miner sold a 7.5% stake in the business to two strategic investors in an effort to raise cash and boost its free float ahead of a planned London listing    Tuesday , 01 May 2012

Alamos Gold Q1 profit jumps 65%

Strong gold price and a tax gain helped boost the gold miner's net income to $29.5m from $17.9m a year ago    Tuesday , 01 May 2012

Gold edges down as U.S. data eases economic concerns

The gold price edged down 0.2% to $1,659.06/oz on Wednesday as upbeat U.S. manufacturing data eased concerns about the economy and dampened hopes of fresh monetary easing.    Wednesday , 02 May 2012

Iron ore steady as China weighs demand outlook

Spot prices were steady early Wednesday as Chinese markets returned from a long holiday weekend, with buyers opting to apply caution amid a shaky outlook for steel demand.    Wednesday , 02 May 2012

Xstrata posts drop in Q1 copper production

The miner said quarterly copper output dropped more than 18 percent year-on-year, after a number of their mines reached the end of their respective lives    Tuesday , 01 May 2012

Yesterday's Top Story: Junior mine developer Rubicon snatches Goldcorp veteran for top spot

Michael Lalonde is jumping ship from Goldcorp to Rubicon Minerals as the latter moves its Phoenix gold project in the Red Lake district through to production.    Monday , 30 Apr 2012

PODCASTS / RADIO                                                     

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

The likelihood of QE and a long-cycle correction for gold – Murenbeeld

Gold is roughly in the middle of a 20 to 25 year cycle and should break through its all time highs within the next few years but, it won't be smooth sailing

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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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