Wednesday, August 8, 2012

MINEWEB.COM'S TOP STORIES: Profits drop, but Coeur still on track for 2012 production guidance

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FEATURED PODCAST                                                     

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."
 

TOP STORIES | Wednesday , 08 Aug 2012                                                     

Profits drop, but Coeur still on track for 2012 production guidance

CEO Mitchell Krebs says Coeur d'Alene Mines "is performing according to plan which is leading to strong financial performance".    Wednesday , 08 Aug 2012

Hecla Mining profits plunge, progress made at Lucky Friday

In spite of only one silver mine operating at the present time, Hecla Mining officials say they will exceed 6 million ounces of production this year.    Wednesday , 08 Aug 2012

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

Randgold's fourth Mali gold mine officially opened

Although Randgold's Gounkoto mine was officially opened earlier this week, the mine has been producing gold for a year now and paid back its capital costs inside this timeframe.    Tuesday , 07 Aug 2012

The new U.S. Silver/RX heads to court for final merger approval

U.S. Silver shareholders decided they preferred an all-share merger with RX Gold & Silver to what they considered a low-ball cash offer from Hecla.    Wednesday , 08 Aug 2012

Palabora shares drop 14% on plunging net profits

The South African copper producer announced it will skip its interim dividend after headline earnings for the last 6 months more than halved.    Tuesday , 07 Aug 2012

Australia still not a bad place for business - Barrick

Despite the recent mining tax changes in the country, Barrick Australia Pacific's MD says the country is still basically a mining friendly environment.    Wednesday , 08 Aug 2012

Rio Tinto sticks to $16bn spending plans despite profit fall

The miner says it is sticking to its $16 billion spending plans for the year despite posting a 34% fall in first-half profit, weighed down by weaker iron ore prices.    Wednesday , 08 Aug 2012

Mine skills shortage showing signs of easing - Fortescue

The iron ore miner believes the skills shortage often cited by Australian mining firms a major reason for the slow pace of expansion has not occured to the extent people expected.    Wednesday , 08 Aug 2012

Correction: Endeavour Mining to buy Avion Gold for C$389m

The offer by the gold miner, which already operates two West African gold mines, for Avion Gold represents a 57% premium to the latter's current share price.    Wednesday , 08 Aug 2012

Ilva plant scandal a boost for EU steel - analysts

According to analysts, the forced closure of some parts of Europe's biggest steel plant, Riva's Ilva plant could create a short-term supply squeeze in the region.    Wednesday , 08 Aug 2012

Baja Mining signs new standstill agreement with lenders

The embattled miner said it has signed a new agreement with lenders after the previous one expired on August.    Wednesday , 08 Aug 2012

Endeavour silver profits plunge on lower prices

The Canadian silver miner said, Q2 profits fell 56% on increased forex losses and declining metal prices.    Wednesday , 08 Aug 2012

Zambia police charge miner for killing of Chinese supervisor

Local miners killed the supervisor and seriously wounded another on Saturday in the dispute at the Collum coal mine, labour minister Fackson Shamenda said earlier this week.    Wednesday , 08 Aug 2012

Great time to gather junior gold miners - Karr

Edward Karr* favors a disciplined, patient and steady approach to investing in junior gold mining companies and shares his thoughts on the European crisis and its effect on gold. Gold Report interview.    Tuesday , 07 Aug 2012

Miners face cold reception from financiers at Australian meet

Most of the roughly 1,000 prospectors attending the Diggers and Dealers conference hope to lure some form of funding from unwilling financiers.    Tuesday , 07 Aug 2012

European gold reserves unchanged at 434 billion

Latest data released by the ECB shows gold reserves held by Europe's central banks remained unchanged at 433.778 billion euros in the week ending Aug. 3.    Tuesday , 07 Aug 2012

China overtakes South Africa as top ferrochrome producer

Merafe Resources, citing a report by market research firm Heinz Pariser, says output in South Africa, once the biggest supplier, fell 15% during the first half of 2012 and accounted for 32% of the market.    Tuesday , 07 Aug 2012

Tasmania's commodity conundrum - a preview for Australia?

Are the battles being fought in Tasmania between environmentalists and the extractive industries a preview for the future of Australia as a whole?    Tuesday , 07 Aug 2012

Rio Tinto warns NSW government on planning reforms

With studies under way for the future of Rio Tinto's major Northparkes copper/gold mine, the company has warned the NSW government not to impose retrospective requirements in its planning reforms.    Wednesday , 08 Aug 2012

PODCASTS / RADIO                                                     

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.

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".

 

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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
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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