Thursday, August 2, 2012

MINEWEB.COM'S TOP STORIES: Alas, poor Burt! Kinross' board bids CEO a not-so-fond farewell

Mineweb logo
 

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 | Thursday , 02 Aug 2012                                                     

Alas, poor Burt! Kinross' board bids CEO a not-so-fond farewell

With the firing of Tye Burt, a second North American gold company head has rolled in less than two months. Is a 3rd cranium in the offing?    Thursday , 02 Aug 2012

In junior-IPO-land, money favours old hands

A look at recent junior IPOs suggests veteran teams with solid exploration backgrounds and credits to success are where the money's at.    Thursday , 02 Aug 2012

Centerra Gold reports $69.3m loss for 1H12

An already difficult year politically and operationally for Centerra Gold is also generating a substantial financial loss for the Kyrgyz and Mongolian gold miner.    Thursday , 02 Aug 2012

Gold miners failing to live up to investor hopes

Gold prices may have risen significantly over the last decade but, producers of the yellow metal have had a tough time and now, it seems they are beginning to both ask and answer the hard questions.    Wednesday , 01 Aug 2012

Now may be the hour for EMED's Rio Tinto copper project

Spain's ailing economy and a desperate need for jobs and tax revenues may give EMED Mining some help in getting its big Rio Tinto copper mining project to production at last.    Wednesday , 01 Aug 2012

Orbite Aluminae hails process to treat 'toxic' red muds

Orbite Aluminae touts a patented process that could be used by aluminum industry heavyweights to treat red mud.    Wednesday , 01 Aug 2012

S. Korean Central Bank bought 16 tonnes of gold in July

The bank said the stable market conditions in July were judged to be a good time to push ahead efforts to diversify its forex reserves.    Thursday , 02 Aug 2012

Critical factors for success in rare earths and graphite

Out of hundreds of juniors digging for rare earths and graphite, how can investors evaluate who can achieve production and sales? Gareth Hatch* examines the supply chain. Critical Metals Report interview.    Wednesday , 01 Aug 2012

New NSW gold mine approval for Alkane Resources

Australian junior Alkane resources has received State approvals to go ahead with its new Tomingley gold mine near Dubbo in NSW and is planning to bring it into production by H2 2013.    Thursday , 02 Aug 2012

The 'pink gold' rush for potash

After a tough five years, the price of agricultural potash is rebounding again as demand for new sources of the pink potassium salts rises. Energy Report interview.    Wednesday , 01 Aug 2012

3 killed, 20 more injured at Aquarius Platinum mine

The platinum miner said Wednesday evening that 3 people had been killed and at least 20 others injured in a fracas at its Kroondal mine near Rustenburg in South Africa.    Thursday , 02 Aug 2012

BHP iron ore growth projects under review - newspaper

As global growth slows - particularly in the company's major iron ore market in China, BHP Billiton is reported to be considering slowing down some of its major growth projects.    Thursday , 02 Aug 2012

First Quantum Q2 profit drops 9% on costs, copper price

Its' net earnings attributable to shareholders were $142 million, or 30 cents a share, in the quarter ended June 30, compared with $155.3 million, or 33 cents a share, a year ago.    Thursday , 02 Aug 2012

Brazil reduces Vale's royalties bill by $300 mln

The company confirmed that mining regulator DNPM would reduce its estimate of what the company owed after it presented new documentation in talks with the regulator.    Thursday , 02 Aug 2012

Hanlong in talks to cut Sundance takeover price tag

A Hanlong official has told Reuters the Chinese firm is seeking to negotiate a lower price, while Australian media reports indicated it is eyeing a deal at 50 cents, valuing the offer at A$1.5 billion.    Thursday , 02 Aug 2012

Mitsui extends loan period for Codelco's potential Anglo Sur buy

The company had earlier committed to providing a loan of up to $6.75 billion until Aug. 1 and has extended the period to Sept. 1 for a loan with a reduced size of $5.8 billion.    Thursday , 02 Aug 2012

Ivory Coast gold output seen rising to 25 tonnes in 2015

The estimation is significantly higher than a forecast by the country's mines minister in July last year, when output was expected to rise to 20 tonnes by 2020.    Thursday , 02 Aug 2012

NSW government urged to follow WA lead and ban coal exploration in Hunter Valley

Following on Western Australia's ban on coal exploration and mining in the Margaret River wine growing and tourist areas, NSW's Hunter Valley groups are urging their state government to follow suit.    Wednesday , 01 Aug 2012

Exxaro H1 earnings rise 11%; sees stable H2

Supported by higher mineral sands prices, South African diversified miner Exxaro reported an 11% profit rise in the first half of 2012, adding results for the remainder of the year are likely to be stable.    Wednesday , 01 Aug 2012

Micromine technical report for Mongolian coal miner

Software company Micromine's Consulting Services division recently completed a technical assessment for the coal reserves status of the Sharyn Gol coal project in Mongolia.    Wednesday , 01 Aug 2012

Yesterday's top story: Esteemed son of the south pleads guilty in $90.1m silver Ponzi scheme

Thanks to a huge score in non-existent silver, Ronnie Gene Wilson may qualify for the hall of shame in the brotherhood of rascally southern con-men and flim-flam men.    Wednesday , 01 Aug 2012

PODCASTS / RADIO                                                     

QE, The EU and a change of mood in gold - Phillips

Julian Phillips says he has noticed a change of mood in the gold market with prices moving on news that will send the metal higher rather than negative news.

Anglo American Interim results - Cynthia Carroll

"We're in a long-term industry, this is not about the next couple of days, this is about the next ten years, the next 20 years, the next 30 years".

The bottom is probably in for silver - Morgan

Morgan Report author, David Morgan says, at the moment, investment demand is the driving factor of both gold and silver.

Global Commodity ETP Quarterly report - Nick Brooks

ETF Securities, Head of Research and Investment Strategy, Nick Brooks looks at the trends seen in the gold ETF market over the second quarter and what to expect going forward.

 

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www.mineweb.com/apps or to the Apple app store to download it.

 

CONFERENCES

Denver Gold Forum 2012
Date: 09 September 2012 - 12 September 2012
Venue: Hyatt Regency, Denver, CO, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More
2012 Chicago Hard Assets Investment Conference and Exhibition
Date: 21 September 2012 - 22 September 2012
Venue: McCormick Place Convention Center/McCormick Place Hyatt
The first Chicago Hard Assets Investment Conference features two full days of presentations from analysts, forecasters, metals mining experts, public exploration companies, and newsletter editors. Read More
MINExpo 2012
Date: 24 September 2012 - 26 September 2012
Venue: Las Vegas Convention Center, Las Vegas, USA
The World's largest exposition of mining equipment and services attracting over 35,000 visitors. Mineweb will be exhibiting. There is an associated conference program. visit MINEWEB at Booth number 1967 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
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

 

   Manage your subscription | Subscriber help

   If you can't access the Mineweb site from this email, please email us with the words "Problem email" in the
   subject line, and we will address the problem.

   You have voluntarily joined this mailing list. To unsubscribe, please click here

   © Mineweb 2012 | Terms and Conditions of use | About Mineweb | Contact Mineweb | Advertise

No comments:

Post a Comment