Thursday, August 9, 2012

MINEWEB.COM'S TOP STORIES: Kinross reduces 2012 guidance as 1H net profit slumps 56%

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TOP STORIES | Thursday , 09 Aug 2012                                                     

Kinross reduces 2012 guidance as 1H net profit slumps 56%

Lower-grade ore compounded by higher costs for energy, labor and consumables increased Kinross's 2Q production cost of sales per gold equivalent ounce to $725.    Thursday , 09 Aug 2012

Sobering 12 months for Top 10 global mining companies

While the stock prices of the world's top mining co's are well below their 52 week highs it does still leave them in a strong position with respect to M&A opportunities.    Wednesday , 08 Aug 2012

Yamana Gold 2Q profit plunges on lower prices, copper output

Increased and steady production results in the second quarter and the first half of 2012 at Yamana operations have Yamana CEO Peter Marrone very pleased.    Thursday , 09 Aug 2012

Amplats Won't Be Calling the Shots on Kroondal - Aquarius

A bristling Aquarius CEO told analysts during a conference call at the group's results that it had a significant say in whether or not the JV mine would remain open    Wednesday , 08 Aug 2012

Importance of holding physical gold as part of portfolio: Hathaway

Tocqueville's John Hathaway says as more investors realize that capital safety is the real reason to own gold, safe storage is more important than ever. Gold Report interview.    Thursday , 09 Aug 2012

Mali unrest fails to dampen Randgold Q2 profit

The West-Africa-focused gold digger said profits rose to $142m in the 3 months to June while output from its Loulo-Gounkoto complex reached a record high    Thursday , 09 Aug 2012

Guinea to probe violence at Vale BSGR project

The country says it has begun investigating reports of 5 deaths during a protest at the Vale BSGR iron ore project in Zogota    Thursday , 09 Aug 2012

Rising US revenue boosts Franco Nevada profits

The gold-focused royalty company said despite an 11% rise in quarterly profit, its 2012 revenue is likely to be at the lower end of its previously announced range because of weaker prices.    Thursday , 09 Aug 2012

North American Palladium reports Q2 loss on low prices

The precious metals firm cited a complete lack of gold sales at its Sleeping Giant mine and low palladium prices for a 21% drop in revenue    Thursday , 09 Aug 2012

George Burns named new Goldcorp COO

According to the gold miner, Burns, who currently heads the group's operations in Mexico will replace Steve Reid as executive vice president and COO    Thursday , 09 Aug 2012

Gunmen attack airport in DRC mining hub

A group of unidentified gunmen attacked the Lubumbashi airport early on Wednesday, killing at least one soldier, but government forces repelled the offensive after several hours of fighting.    Wednesday , 08 Aug 2012

Titanium Metals profit beats Wall Street estimates

Revenue at the company, whose customers include Boeing and Rolls Royce, rose 3.5 percent to $281.7 million.    Wednesday , 08 Aug 2012

Nevsun posts 12% profit rise; raises output forecast

Vancouver-based Nevsun expects to produce 280,000 to 300,000 gold ounces for the year as it mines higher grades of ore at its flagship Bisha mine in Eritrea.    Wednesday , 08 Aug 2012

Indian buyers going for smaller gold items

Gold may have breached the Rs 30k mark again, but buying by consumers, stockists and retailers continues, albeit in smaller denominations.    Wednesday , 08 Aug 2012

A look at the gold world should Greece exit the EU

Julian Phillips looks at the potential fallout not only for the rest of the European community but, also for gold and silver of a Greek exit.    Wednesday , 08 Aug 2012

Orbite's first commercial samples of heavy rare earths extracted

Orbite Aluminae, which has developed a process for extracting heavy rare earths from aluminous clays in Canada has announced extraction of first commercial samples.    Wednesday , 08 Aug 2012

Aquarius Platinum hunts for funds

The platinum miner says cash flows dropped 85% in the full year to end June as margins were squeezed, forcing it into cash conservation mode.    Wednesday , 08 Aug 2012

Yesterday's Top Story: Gold rush in India? Government steps in again

In a bid to control prices and food inflation, the Indian government is set to unveil a roadmap to stimulate investments into financial instruments, away from gold.    Wednesday , 08 Aug 2012

PODCASTS / RADIO                                                     

Gold miners, management and dumb M&A - Ecclestone

"CEOs are going to be losing their heads like it's the French Revolution out there. They're going to be chopped left, right and centre."

AngloGold Ashanti, Q2 results - Mark Cutifani

"There's no doubt in the world that you're looking at a new AngloGold Ashanti and a great future for the company and its shareholders."

Changing Chinese demand patterns and base metals - Macquarie

Head of Macquarie China commodities research, Bonnie Liu, looks at the outlook for Chinese growth, the changes being seen in the region and their impact on copper and iron ore.

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.

 

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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

 

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