Tuesday, May 8, 2012

MINEWEB.COM'S TOP STORIES: S&P, Moody's downgrade Thompson Creek Metals, citing potential debt load

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TOP STORIES | Tuesday , 08 May 2012                                                     

S&P, Moody's downgrade Thompson Creek Metals, citing potential debt load

Despite negative reactions from credit rating agencies and investors, Thompson Creek Metals went ahead with its decision to make debt and stock offerings totaling as much as US $430 million.    Tuesday , 08 May 2012

Not a gold bull or bear, but a gold agnostic: Eric Coffin

As a contrarian, all the doom and gloom tells Eric Coffin the market is about to pull out of its tailspin and he talks about why the Yukon is an area play he still believes in. Gold Report interview    Tuesday , 08 May 2012

Coeur Q1 silver output up 19% but gold down 17%

Planned operational improvements at Coeur's Kensington mine slowed gold production during the first quarter, resulting in a 174% increase in cash operating costs for Kensington to $2,709 per ounce.    Tuesday , 08 May 2012

Broad gold hits for Prosperity Goldfields in Nunavut

Discovery becomes major drill target on the heels of three drillholes with significant gold mineralization.    Monday , 07 May 2012

Silver miner Alexco Resource posts 62% fall in Q1 profit

Hurt by weaker metal prices, silver miner Alexco Resource Corp saw its first-quarter profit plunge 62% to C$1.3 million, compared with C$3.4 million reported last year.    Tuesday , 08 May 2012

Uranium One Q1 profit falls on lower prices

Toronto-based Uranium One reported Monday a fall in its quarterly profit as lower realized uranium prices outweighed higher sales volumes.    Tuesday , 08 May 2012

Rising production and profits enhance China's gold powerhouse status

With both production and gold mining company profits soaring to new levels China is consolidating its position as the world's No. 1 producer, thus continuing to reinforce gold's appeal there.    Monday , 07 May 2012

Avalon Rare Metals sees delays at Nechalacho project

The company says its expects delays in a feasibility study on its flagship Nechalacho rare earth project as it needs more time to complete metallurgical studies.    Tuesday , 08 May 2012

Vale sells kaolin clay producer Cadam to KaMin LLC

Vale has sold its all of its 61.5% stake in Cadam, which operates an open-pit mine in the state of Amapa, Brazil, to privately owned U.S. firm KaMin LLC for $30.1 million.    Tuesday , 08 May 2012

Peru's federation of mining unions plan nationwide strike May 14

Head of the federation, Luis Castillo, says workers want the government to implement a law that will create a special retirement fund for miners funded by monthly payrolls and corporate profits.    Tuesday , 08 May 2012

Imperial Metals granted mining permit for BC copper/gold project

British Columbia-based Imperial Metals Corp has been granted a mining permit for its Red Chris copper-gold project, which gained provincial and federal environmental approvals in 2005 and 2006, respectively.    Monday , 07 May 2012

Baja capitulates on Mount Kellett boardroom demands

Baja agrees to Mount Kellett boardroom nominees and releases its most detailed account about efforts to meet a budget shortfall on its Boleo copper project.    Monday , 07 May 2012

Village Main: Tau Lekoa gold mine not for sale

The acquisitive South African junior miner, led by ex Harmony Gold CEO Bernard Swanepoel, says the company is unlikely to accede to a R1bn unsolicited offer for its flagship Tau Lekoa gold mine.    Monday , 07 May 2012

Gold's bull market far from over - Profit Confidential

If China is to back its currency, the yuan, it won't use exchange-traded funds (ETFs) to do it, but rather gold bullion, according to Michael Lombardi, lead contributor to Profit Confidential.    Monday , 07 May 2012

China eyes upper hand in iron ore pricing with first trading platform

With China's first physical iron ore trading platform set to debut on Tuesday, analysts believe it will further boost the Asian giant's price-setting influence.    Monday , 07 May 2012

Copper, coal, gold, iron, zinc - Mongolia has it all

The London Stock Exchange last week played host to international resources investors clamouring to grab a chunk of the commodity-fuelled economic boom that is sweeping Mongolia.    Monday , 07 May 2012

Yesterday's top story: All the gold and silver roads now leading to China

With the opening of silver futures trading in Shanghai, China could rapidly become a major player in silver trading given its position as now almost certainly being the world's largest silver consumer.    Monday , 07 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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Date: 20 May 2012 - 23 May 2012
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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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