Friday, August 10, 2012

MINEWEB.COM'S TOP STORIES: Thompson Creek Metals' moly output, revenues nosedive in 2Q

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TOP STORIES | Friday , 10 Aug 2012                                                     

Thompson Creek Metals' moly output, revenues nosedive in 2Q

Production issues, compounded by lower moly prices and higher project costs, have had a devastating effect on Thompson Creek profits, forcing the company to seek additional financing.    Friday , 10 Aug 2012

Randgold moves up another gear, even greater things ahead

Strong Q2 results from Randgold bode well for the rest of the year as Gounkoto pays off its capital costs inside a year and Kibali lies not far ahead.    Friday , 10 Aug 2012

Is China's 2nd Half Commodity Price Boost Wishful Thinking?

Converging views from a number of analysts suggest that there is still plenty of huff left in the dragon as China pulls its growth levers, with copper and iron ore the most likely beneficiaries    Thursday , 09 Aug 2012

Silver Wheaton ups 2012 production guidance to 28m silver equivalent ozs

Silver Wheaton reported record silver equivalent sales of 6.9 million ounces (6.8 million ounces of silver and 2,400 gold ounces) for the second quarter of this year.    Friday , 10 Aug 2012

Global metals M&A deal value could drop 20% -PwC

Although six mega-deals in the global metals sector were announced in the first quarter, only one mega-deal was announced during the second quarter, according to a PwC report.    Thursday , 09 Aug 2012

Draft Russian bill facilitates foreign mining of gold, PGM, diamonds

According to documents published on a ministry website, Russia's ministry of natural resources is considering allowing companies with foreign capital to mine its gold, PGM and diamond reserves    Friday , 10 Aug 2012

Gradual gold remonetization driving investment decisions: Auerback

While timing the rebound exactly is impossible, Pinetree Capital's Marshall Auerback thinks now is the time to pay attention to the gold market. Gold Report interview.    Thursday , 09 Aug 2012

ThyssenKrupp confirms full year outlook after better-than-expected Q3

The German steelmaker said earnings from its industrial units softened the impact of weaker demand for its steel products    Friday , 10 Aug 2012

Iron ore prices still in comfortable range for Australia's Pilbara miners.

While iron ore prices may have fallen back fairly sharply of late they are still such that the big producers operating in Western Australia's Pilbara should be able to remain in the money.    Friday , 10 Aug 2012

Cost control the focus for new Kinross CEO

Speaking on his first conference call as CEO of the gold miner, J. Paul Rollinson said he will be focusing on costs but failed to give clarity on the group's plans for its Tasiast operation    Friday , 10 Aug 2012

Gold rush in China could see it sweep past India

With inflation hitting a 2.6 year low and the central bank eager to do more to stimulate the economy. Gold buying is growing in China and its gold producers are getting in on the act    Thursday , 09 Aug 2012

Higher production pushes Osisko Q2 profit up

The Canadian miner said a sharp increase in production at its Canadian Malartic mine helped the group to a C$13m net profit for Q2.    Friday , 10 Aug 2012

Mexico suspends 32 coal mines on safety concerns

13 coal miners have died in explosions in the state of Coahuila in the last three weeks, forcing the government to suspend work at 32 coal mines until working conditions are improved.    Friday , 10 Aug 2012

European tin premiums to rise by Q4

According to traders, premiums paid to secure high-grade tin could rise by around $50 to $700 a tonne in the next two months as business picks up after the summer.    Thursday , 09 Aug 2012

Yesterday's Top Story: Importance of holding physical gold - 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

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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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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