Friday, May 4, 2012

MINEWEB.COM'S TOP STORIES: Platinum in desperate need of a game changer

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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

 

 
 

TOP STORIES | Friday , 04 May 2012                                                     

Platinum in desperate need of a game changer

For Thomson Reuters GFMS, there is a danger that the surpluses now present in the platinum sector could become hardwired into the system    Friday , 04 May 2012

Halcyon days fading for Asia-Pacific mining companies-S&P

S&P warns if China's slowdown proves to be severe, it could take the wind out of commodities prices sails. Even with a soft landing, steel and aluminum producers will still weaken.    Friday , 04 May 2012

Eldorado Gold reports 29% increase in 1Q12 profits

Despite weather-related problems at the Efemçukuru mine in Turkey delaying gold sales by 35,000 ounces in the first quarter, Eldorado Gold is maintaining its 2012 gold production guidance.    Friday , 04 May 2012

Gold production to rise and costs to fall after a testing Q1 - Randgold

CEO of the West African gold miner, Mark Bristow, feels the results are robust and represent a good start to the year.    Thursday , 03 May 2012

Junior focus: Rio Alto gold grade double mine plan – but not high grading

Rio Alto's President and CEO Alex Black speaks with Mineweb about its success and prospects as it hits boilerplate production at its La Arena gold project in Peru.    Thursday , 03 May 2012

Volta outlines 'monumental' gold mining project for 5m ounce deposit

Volta puts the details to its five million ounce Kiaka gold project in a prefeasibility study it released on Thursday.    Friday , 04 May 2012

Signs of panic and despair in Australia's Labor government

Tuesday's Australian Federal Budget seen as an unlikely band aid for Gillard Government    Thursday , 03 May 2012

Gold's quietest 40 days since the crisis began

Over the last 10 years, there have been only five 40-day periods quieter than the one we have just had but is it a bearish or bullish signal?    Thursday , 03 May 2012

Brazil tax authority wins appeal in dispute with Vale

Brazil's Superior Court of Justice ruled in favor of the federal tax authority in its appeal against an injunction granted in March that suspended payment of the taxes by Vale.    Friday , 04 May 2012

San Dimas gold-silver mine lifts Primero Mining adj profit nearly twelve-fold

Primero Mining says its first quarter adjusted profit jumped to $18.8 million on higher output at its only producing mine in Mexico and expects to make a mill expansion decision in the Q3.    Friday , 04 May 2012

Thompson Creek Q1 profit plunges on soaring costs

The molybdenum miner reported net income of 1 US cent a share for the 3 months to March 31, compared with a profit of 73 cents a share in the year-ago quarter.    Friday , 04 May 2012

Australian billionaire declares plans to build nickel freight fleet

Businessman Clive Palmer has announced plans to build and operate a fleet of four freighters to import nickel ore to a nickel refining plant purchased from global miner BHP Billiton.    Friday , 04 May 2012

Rio Tinto CEO warns of growing risks to global supply of metals

Tom Albanese warned investors Thursday that rising costs and calls for buybacks and special dividends eat away at incentives to build new mines.    Thursday , 03 May 2012

LME looking to expand in Asia - CEO

According to CEO, Martin Abbott, the London Metal Exchange is planning to expand its Singapore office and to invest heavily in Asia    Friday , 04 May 2012

Contractor protest hampers ops at Escondida

Union secretary at Chile's Escondida mine, Marcelo Tapia, says operations have been partially affected by the protest by contractors over bonuses.    Thursday , 03 May 2012

Yesterday's Top Story: 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

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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2012 New York Hard Assets Investment Conference and Exhibition
Date: 14 May 2012 - 15 May 2012
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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

 

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