tag:blogger.com,1999:blog-22339873119070494502012-02-12T08:10:37.296-08:00Top Mining - Mining stock informational website with the top 10 mining Exploration and Mining Industry News including mining companies, stocks, contractors, supplies, investment, and equipmentAdminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comBlogger3801100tag:blogger.com,1999:blog-2233987311907049450.post-78712707799091673612012-02-12T07:59:00.000-08:002012-02-12T08:03:24.272-08:00

Bering Sea Gold Mining. In the frontier town of Nome, Alaska, there’s a gold rush on. But you’ve never seen gold mining like this before — here, the precious metal isn’t found in the ground. It’s sitting in the most unlikely of places: the bottom of the frigid, unpredictable Bering Sea. And there are a handful of people willing to risk it all to bring it to the surface.SuctionTensions mount on

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-36807650702572445642012-01-08T17:12:00.000-08:002012-01-08T17:34:12.722-08:00

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Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-18817006501505939262010-05-08T23:45:00.000-07:002010-05-08T23:46:43.548-07:00

Royal Gold reported record quarterly revenues of $35 million, a 68% increase in year-over-year.Author: Dorothy KosichRENO, NV -Denver's Royal Gold Thursday announced a 22% increase in gold reserves to 78.4 million ounces, while silver reserves increased 12% to 1.3 billion ounces during the company's fiscal 2010 third quarter results.Although the company achieved record royalty revenue of $35

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-74576419013800328242010-05-08T23:44:00.000-07:002010-05-08T23:45:14.024-07:00

The IMF Sold 18.5 tonnes of gold in March. When the IMF sold gold back in the second half of the ‘70s the price rose and rose. Will history repeat itself?Author: Rhona O'ConnellLONDON -In the current European financial crisis gripping the markets' attention, there are some who might argue that if we still had at least a partial gold standard then none of this might have come to pass. As it is,

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-90651068592464567242010-05-08T23:42:00.000-07:002010-05-08T23:43:55.774-07:00

American Eagle gold coin sales 41,500 so far in May, surpasses normal pace and dealer reports biggest gold sales day so far in 2010Author: Frank TangNEW YORK (Reuters) -U. S. gold coins sales soar on economic anxietyU.S. gold coin sales surged this week as the anxiety over a euro-zone debt crisis spilled over into the United States and as Thursday's sudden Wall Street collapse shook

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-68087473559646548152010-05-05T22:58:00.000-07:002010-05-05T23:00:14.585-07:00

Investors in gold equities lack conviction on widespread bull calls on bullion prices.Author: Barry SergeantJOHANNESBURG -Despite incessant calls for the dollar gold bullion price to continue rising - something that it's done for nearly a decade - investors are showing increasing fatigue in the gold equities arena; sentiment is at best neutral. There are roughly 500 gold stocks listed across the

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-71781685525024657682010-05-05T22:56:00.000-07:002010-05-05T22:58:26.046-07:00

Investors in silver equities seem stoned and confused by well-publicised bull calls on bullion prices.Author: Barry SergeantJOHANNESBURG - -Dollar silver bullion prices breached USD 20.00/ounce in March 2008, when Bear Stearns went south on Wall Street. It was also a time when dollar gold bullion traded at record levels; gold would continue making records, most recently in early December 2009,

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-28919358305695295332010-05-05T22:55:00.000-07:002010-05-05T22:56:19.066-07:00

Agnico-Eagle's vice chairman and CEO, believes as a result of the continued need to find new ounces, miners are likely to look more and more toward M&A opportunitiesAuthor: Geoff CandyGRONINGEN -The gold sector is likely to see an increase in M&A activity in the future as miners look for growth, says Sean Boyd, Agnico-Eagle vice chairman and CEO.Speaking on Mineweb.com's Newsmaker podcast, Boyd

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-12475935350150260972010-05-05T22:53:00.000-07:002010-05-05T22:54:44.993-07:00

PricewaterhouseCoopers says Chinese companies already account for 57% of the acquirers in global metals industry M&A so far this year.Author: Dorothy KosichRENO, NV -PricewaterhouseCoopers says that after a lull in mega metals deal activity last year, two mega deals-fueled by a quest for iron ore by Chinese companies-were announced during the during the first quarter of this year.Both of these

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-25380762107293311742010-05-05T22:50:00.000-07:002010-05-05T22:51:09.124-07:00

Carpathian Gold Inc. announce that it has concluded a gold purchase and sale agreement (the “Agreement”) for US$30 million with Macquarie Bank Limited (“Macquarie Bank”) for its RDM gold project (the “Project”) in Brazil. Closing is expected to take place upon delivery of final legal opinions and Brazilian central bank and regulatory approvals, all of which is in process and expected to be

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-23831763847666394762010-05-03T22:33:00.001-07:002010-05-03T22:33:25.860-07:00

by Tom TurnipseedThe worship of money is the will of God according to Don Blankenship, CEO of Massey Energy Company that owns and operates the Upper Big Branch mine in West Virginia where 29 miners were killed on April 5 in a mining explosion. Blankenship is a member of the US Chamber of Commerce Board of Directors and a rabid, right-wing Republican. Blankenship calls public officials concerned

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-27705223525965886242010-05-03T22:31:00.000-07:002010-05-03T22:32:30.274-07:00

Miners from Utah to sub-Saharan Africa to China's Shanxi province die, in part, for us.by Mark NowakAnderson Cooper is talking to coal-mining families and politicians in West Virginia again. Ever since that explosion ripped through an underground mine in Montcoal, it seems people all across America are discussing the dangers of mining.If you watched the news during the recent disaster, you may

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-43421481214605593462010-05-03T22:30:00.000-07:002010-05-03T22:31:15.680-07:00

by John BuellJust days after the worst U.S. coal mine disaster in a quarter-century, the World Bank approved a $3.75 billion loan to South Africa to build one of the world’s largest coal-fired electric power plants. Though both South African and U.S. environmentalists had urged the U.S. to vote no, abstention was the best they could achieve.Coal plays an outsized role in our politics. Just how

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-68114653464036212652010-05-03T22:29:00.000-07:002010-05-03T22:30:01.933-07:00

Coal mining companies have successfully thwarted tough new safety rules that were intended to help prevent a disaster like the one that killed 25 West Virginia miners Monday, top labor and mine safety officials said, by overloading the regulatory system with appeals.The companies, including the massive coal producer Massey Energy, which owns the Upper Big Branch mine, developed a novel strategy

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-26908193964600614272010-05-03T00:01:00.000-07:002010-05-03T00:02:47.669-07:00

After months of consolidation the yellow metal has finally broken through the key $1,160 resistance levelAuthor: David LevensteinJOHANNESBURG -After months of consolidation, gold finally broke through the key resistance of USD1160 and rose to its highest level in 2010 of just over USD1180 (highest since December 4th, 2009.) It also set new record highs in euros, Swiss francs and British pounds as

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-77943303245765647212010-05-02T23:59:00.000-07:002010-05-03T00:00:48.983-07:00

Hallgarten metals analysts Christopher Ecclestone suggests U.S. defense companies should help fill the financing deficit now being encountered by REE mining projects.Author: Dorothy KosichRENO, NV -An IPO aimed at raising $350 million for Molycorp, the owner and operator of largest and most recently mined rare earth element deposits in the Western hemisphere, may be the first step on the road

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-71886351339182961532010-05-02T23:52:00.001-07:002010-05-02T23:52:58.093-07:00

The mining industry is on the cusp of a boom in the province and, with 72 per cent of mining revenue coming from the Kootenays, the area is poised as well, said the Minister of State for Mining in Nelson Saturday.Randy Hawes was optimistic about the future of the industry that created the backbone of infrastructure and economy in the Kootenay regions, speaking Saturday at the Chamber of Mines of

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-90665956195185206032010-05-02T01:53:00.000-07:002010-05-02T01:54:49.005-07:00

EuroZone credit ratings downgrades and Goldman Sachs repercussions prompted a flight to safety benefiting gold and the SPDR Gold Trust ETFAuthor: Frank TankNEW YORK (Reuters) -Gold hit a 2010 high above $1,180 an ounce on Friday, gaining 1 percent as a widening euro zone sovereign debt crisis prompted investors to buy the metal asset in a flight to safety.The precious metal has rallied almost 6

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-65195007420330946452010-05-02T01:52:00.000-07:002010-05-02T01:53:35.814-07:00

Analysis of the latest North American Tier 1 gold miners' quarterlies - Barrick vs. Newmont vs. Goldcorp, with Freeport-McMoRan as silent referee.Author: Barry SergeantJOHANNESBURG -This week's round of gold quarterlies from the three North American-based heavies, Barrick, Newmont, and Goldcorp (Kinross is yet to report) are illuminating as to variances in managerial ability to sweat revenues

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-56230710923290327842010-05-02T01:51:00.001-07:002010-05-02T01:51:56.239-07:00

Iron ore giant, Vale, is to spend $2.5 bn for a stake in part of the massive Simandou iron ore deposit in Guinea. Where this leaves Rio Tinto/Chinalco, which is also looking to develop part of this deposit, is uncertain.Author: Brian Ellsworth and Saliou SambSAO PAULO/CONAKRY (Reuters) -Brazilian mining giant Vale bought a majority stake in a division of mining company BSG Resources in Africa on

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-12063053248857362942010-05-02T01:49:00.000-07:002010-05-02T01:50:40.781-07:00

ShadowStats' John Williams explains why the U.S. is in a depression and predicts a "Hyper-Inflationary Great Depression". Interview with The Gold ReportAuthor: The Gold ReportVANCOUVER, BC -The Gold Report: John, last December you stated, "The U.S. economic and systemic crisis of the past of the past two years are just precursors to a great collapse," or what you call a "hyper-inflationary great

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-69960841448372279332010-05-02T01:45:00.000-07:002010-05-02T01:46:30.987-07:00

Xinergy Ltd. through its wholly owned subsidiary, Shenendoah Energy, LLC, is pleased to announce that, effective yesterday, it completed the acquisition of the remaining 95% interest of Raven Crest Mining, LLC (“Raven Crest”) that Xinergy does not already own for US$40.0 million in cash, the assumption of US$18.8 million in debt, which was paid upon closing, and a working capital adjustment of

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-9896179864995671442010-05-02T01:44:00.000-07:002010-05-02T01:45:24.720-07:00

Minefinders Corporation Ltd. report that drilling has begun on its 100% owned La Virginia Project following receipt of exploration permits and completion of road and drill pad construction. The La Virginia Project has never been drilled and contains six untested target areas located within an area 20 kilometres in length and 12 kilometres in width.The Company anticipates drilling an initial 6,000

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-73136621002635413422010-04-30T00:15:00.000-07:002010-04-30T00:16:03.777-07:00

Adding to the growing available ETF selection, Global X, a fund provider more notably known for its line of ETFs targeting specific industries in emerging markets, will launch two new funds focused on global copper mining and silver mining companies.The Global X Copper Miners ETF (COPX) and the Global X Silver Miners ETF (SIL) both began trading yesterday morning. Global X CEO Bruno del Ama says

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-45601577362601055632010-04-30T00:14:00.001-07:002010-04-30T00:14:50.340-07:00

The elevated price of gold has gold miners and ETFs that cover them holding their shares salivating. If gold’s price remains as high as it is now, deals and investments could shift the gold mining landscape for good.These days, gold is trading above $1,100 an ounce compared with $350 in 2002. The euro is under pressure, thanks to the threat of a Greek default. Inflation is a concern and generally

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-68537130452589081592010-04-30T00:11:00.001-07:002010-04-30T00:11:49.089-07:00

Platinum and palladium ETFs are up big since their January launch. Do the fundamentals support a sustained run or will we see a pullback? Let’s take a look at some of the facts.According to Olivier Ludwig of Index Universe, ETF Securities will be expanding the number of shares available for its platinum and palladium ETFs in response to strong investor demand. In a filing with the SEC, ETF

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-3774352791638861802010-04-30T00:08:00.000-07:002010-04-30T00:09:33.492-07:00

As the world wrangles with trying to determine what is "safe", gold is yet again in the spotlight. I don't plan to tell you what I think that gold is going to do...but it is worth noting that the USD is up and gold is up. That says much.I do plan to help you scout for some opportunities. Let's take a look at the chart (click to enlarge) of gold with an integral window of the metal divided by the

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-83986265511858258032010-04-30T00:05:00.000-07:002010-04-30T00:07:03.324-07:00

As these two lists of silver companies published in 2007 and 2009 have become the most-read blog posts, here is an extended update for the year 2010.Compiling a list of silver companies is controversial as there are only very few pure silver plays. The white metal is mostly mined in combination with gold or base metals, which can dramatically change the bottom line of silver miners. In some cases

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-66867242179505609342010-04-28T23:28:00.000-07:002010-04-28T23:29:58.010-07:00

Today's corporate moves will determine the shape of the sector for decades to come.Author: Barry SergeantJOHANNESBURG -A number of "buy-and-hold" investors, sometimes a rare breed, have been asking about the most sensible positions to take in platinum group metals (PGMs, mainly platinum, palladium and rhodium), an area where southern Africa holds around three quarters of global resources. The

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-70071101443993174602010-04-28T23:27:00.001-07:002010-04-28T23:27:47.437-07:00

Newmont's 2010 outlook for gold production remains the same although copper production will drop 20 million pounds.Author: Dorothy KosichRENO, NV -As Newmont reported a 105% increase in first-quarter net income and remains on track for ounces of gold production this year, CEO Richard O'Brien told analysts Tuesday the company is experiencing operating costs pressures "primarily driven by lower

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-8225389268132695912010-04-28T23:25:00.000-07:002010-04-28T23:26:21.318-07:00

Barrick founder Peter Munk says current CEO Aaron Regent has more than met the challenge of living up to the formidable legacy of his predecessor, the late Greg Wilkins.Author: Dorothy KosichRENO, NV -Barrick founder and Chairman of the Board Peter Munk had high praise for CEO Aaron Regent during Wednesday's annual general meeting,During his first full year as CEO, Regent, an outsider, replaced

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-78894638137196079222010-04-28T23:24:00.000-07:002010-04-28T23:25:03.529-07:00

The gold miner says it is on track to increase production from 7.6m in 2009 to 8m ounces this year at lower total cash costsAuthor: Dorothy KosichRENO, NV -Barrick's massive project pipeline is emerging as the powerful engine helping to drive the world's top gold miner's success, Barrick executives noted during a conference call Wednesday to discuss quarterly financial results.Despite lawsuits,

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-74295673352915007932010-04-26T23:36:00.000-07:002010-04-26T23:38:10.224-07:00

The London Metal Exchange said on Friday it would launch the world's first cobalt and molybdenum futures contracts next Monday, in a bid to help traders better manage the relatively high volatility of trading in such metals.

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-70079799359878661682010-04-26T23:35:00.000-07:002010-04-26T23:36:20.045-07:00

Eka Software Solutions, the leading provider of Commodity Trading and Risk Management (CTRM) software, announced support for the new Cobalt and Molybdenum contracts which commenced trading today on the London Metal Exchange ( LME). The LME, already the world’s premier non-ferrous metals exchange, now adds the world’s first exchange-traded forward minor metal contracts. Eka’s support for these

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-32430676017319454792010-04-26T23:34:00.000-07:002010-04-26T23:35:02.620-07:00

The London Metal Exchange will launch the world’s first cobalt and molybdenum futures contracts to be traded on exchange on Monday, 22nd February. The new contracts will introduce regulated exchange pricing, transparency, risk management and clearing to these two important metals used in a wide range of applications.Cobalt and molybdenum are largely by-products from nickel and copper mining.

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-85668473947817066642010-04-26T23:33:00.000-07:002010-04-26T23:34:02.743-07:00

Cutbacks by major producers, combined with stockpiling in China, resulted in a tightening of supply, causing prices to spike in mid 2009. Between July 2009 and August 2009, prices for both molybdic oxide and ferromolybdenum almost doubled, only to drop by 50% in the next two months. From November 2009, in line with the general trend in commodity prices, molybdenum prices have increased,

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-19784120637723870392010-04-26T23:29:00.000-07:002010-04-26T23:30:11.341-07:00

VANCOUVER, B.C. -- West African rock is looking prime.Severstal’s implied offer for Guinea gold miner Crew Gold (TSX: T.CRU, Stock Forum) likely will boost prospects for enterprising producers and explorers in those and neighboring countries. Our takeaway: to identify two or three gobble candidates across the gold-lush rock of Ghana, Mali, Burkina Faso, Sierra Leone and Guinea.As (now Sir) Sam

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-12125940854409862932010-04-20T23:32:00.001-07:002010-04-20T23:32:52.664-07:00

The miner has been granted a partial permit by the Colombian government to explore the La Colosa gold mineAuthor: Diana Delgado (Reuters)BOGOTA (Reuters) -AngloGold Ashanti, the world's No. 3 gold producer, could invest $2.5 billion to $3 billion to build a gold mine in Colombia if feasibility studies show the project is viable, a top executive said."It depends on the size of the project but

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-19258335552971264342010-04-20T23:31:00.001-07:002010-04-20T23:31:45.902-07:00

The numbers, which trail those of Rio Tinto, disappointed some expectationsAuthor: James Regan (Reuters)SYDNEY (Reuters) -Global miner BHP Billiton (BHP.AX: Quote)(BLT.L: Quote) posted an 11 percent annual rise in iron ore production in the March quarter, trailing a much faster expansion by rival Rio Tinto (RIO.AX: Quote)(RIO.L: Quote) and disappointing some expectations.It said copper

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-32901274394045277292010-04-20T23:29:00.000-07:002010-04-20T23:30:41.888-07:00

The case, under investigations by the SEC comes as the group along with Rio Tinto seek regulatory approval for a $116bn Australian JVAuthor: James Regan (Reuters)SYDNEY (Reuters) -Global miner BHP Billiton (BHP.AX: Quote) (BLT.L: Quote) has discovered potential violations of anti-graft laws relating to its exploration activities, in another blow to the mining industry's tarnished image.The case,

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-60692023070445142092010-04-20T23:28:00.001-07:002010-04-20T23:28:58.610-07:00

As Teck plans to pay off the rest of its Fording Coal Trust acquisition debt this week, credit agencies have now all rated the company "investment grade".Author: Dorothy KosichRENO, NV -Vancouver's Teck Resources announced Tuesday the company will retire all of its original US$9.8 billion Fording Coal acquisition debt this week.In the 18 months since the Fording Trust acquisition, Teck will have

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-52780477442195195062010-04-20T23:26:00.000-07:002010-04-20T23:27:39.486-07:00

While S&P credit analysts say the worst is over for US domestic metals and mining, their optimism is subdued.Author: Dorothy KosichRENO, NV -Standard & Poor's said Tuesday that the worst is likely over for the U.S. Metals and Mining Sector.S&P noted, "Gold continues to be a bright spot in the sector. Its price remains high, partly reflecting its role as a store of value in tough economic times, a

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-4098881470885394702010-04-20T00:09:00.000-07:002010-04-20T00:10:11.733-07:00

Respected investment advisor, Don Coxe, advocates well-chosen commodity stocks with iron ore top of his list, then precious metalsAuthor: Dorothy KosichRENO, NV -Coxe Advisors Chairman Don Coxe is rebalancing his recommended asset mix for U.S. pension funds and sector weightings for commodity stocks. A new portfolio will be introduced for Canadian pension funds and a new category of "commodities

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-35780751008226133162010-04-20T00:08:00.001-07:002010-04-20T00:08:48.740-07:00

In spite of a 13% increase in silver production during the first quarter, Pan American Silver still fell 3% short of its forecast silver production goals.Author: Dorothy KosichRENO, NV -Vancouver-based Pan American Silver's consolidated silver production fell three percent short of the forecast for the first quarter, whereas gold production was almost 8,000 ounces above the plan.Nevertheless,

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-72377645616292540312010-04-20T00:07:00.001-07:002010-04-20T00:07:27.919-07:00

South Africa Highveld Steel and Vanadium (OTC:HGVLY), a subsidiary of the Russian mining and steel producer Evraz Group (LON:EVR), reported a sharp drop in profits for 2009. Now the company is looking to revenue from its vanadium sales to increase profit margins in 2010.Highveld’s 2009 profits came in at US$22.6 million, down from US$352 million in 2008. South Africa’s second-largest steel

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-38303623666438459712010-04-20T00:05:00.000-07:002010-04-20T00:06:27.549-07:00

Rocky Mountain Resources is developing the Vanadium Hill deposit, 25 miles south of Eureka, Nevada. Vanadium Hill has a defined resource of 122 million pounds of V2O5 and an inferred resource of 16 million pounds. A scoping study by AMEC suggests a 40% IRR is possible. RKY is moving forward with environmental studies to prepare for starting a bankable feasiblity study. Rocky Mountain owns

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-62452587358775233122010-04-20T00:04:00.001-07:002010-04-20T00:04:47.363-07:00

Mineral Resources Ltd (ASX:MIN) has finalized a joint venture deal with former pearl marketing company Atlantic Ltd (ASX:ATI) to revive the stalled Windimurra vanadium project in Western Australia.The partnership may strike some as odd, but their agreement to buy and complete the Windimurra vanadium project is no joke.Atlantic will hold a 63 percent stake in the venture and when the project is

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-61729100544175077592010-04-20T00:02:00.001-07:002010-04-20T00:02:50.328-07:00

After prices of vanadium and its alloys stabilised between the last week of January and the first week of February, the second week of this month saw ferrovanadium prices firming up on demand pickup. Traders said ferrovanadium demand has been a bit higher than expected leading to a small run of spot buying this week.Ferrovanadium was trading between $12.50 to $13 per pound from $12.25 to $12.75

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-76741434097438012402010-04-18T05:01:00.000-07:002010-04-18T05:02:10.406-07:00

China is the largest coal producer with coal output occupying 37% of the total in the world. Coal is a major energy source in China, accounting for 76% and 69% of total primary energy output and consumption respectively. Coal will continue be the primary energy source in foreseeable future in China. The strategic position of coal is still very important along with transformation of economic

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-46108976338085248322010-04-18T04:59:00.000-07:002010-04-18T05:00:34.841-07:00

Demand for mining equipment in China is projected to increase at a 7.1 percent annual rate through 2013 to 150.5 billion yuan. Gains will be stimulated by growing demand for mined products from downstream industries such as steel, construction, agriculture, chemicals and -- most notably -- the coal-dependent electric utilities. Trends favoring increasing mechanization in Chinese mines will also

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-30976653464287664812010-04-17T00:04:00.000-07:002010-04-17T00:06:05.487-07:00

President Obama will send inspectors immediately into U.S. mines with troubling safety records as part of an effort to prevent a repeat of the Upper Big Branch coal mine disaster.Author: Dorothy KosichRENO, NV -President Barack Obama Thursday announced that he has directed federal officials to work with Congress "to strengthen enforcement of and close loopholes that permit [mining] companies to

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-15328190074146115692010-04-17T00:03:00.000-07:002010-04-17T00:04:46.171-07:00

Heavy duty hedge fund Paulson & Co., a big investor in gold and gold stocks, while not charged, is emeshed in the caseAuthor: Barry SergeantJOHANNESBURG -Wall Street investment bank Goldman Sachs, thought by so many to be a major force behind the hellfire that engulfed global financial markets during 2008, has been charged by the US Securities and Exchange Commission (SEC) with fraud, in a case

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-6385103789098990222010-04-17T00:00:00.001-07:002010-04-17T00:01:56.603-07:00

Mercury pollution from power plants and other industrial sources has accumulated in birds, mammals and reptiles across the country, and only cuts in emissions can curtail the contamination, says a report released Tuesday by a national environmental group.The report is the first major compilation of studies investigating mercury buildup in such wildlife as California clapper rails, Maine's bald

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-72475304644069200132010-04-16T23:57:00.001-07:002010-04-16T23:57:45.141-07:00

It’s been decades since anyone mined mercury at the Black Butte site near Cottage Grove.But that hasn’t stopped the site from contributing as much as 75 percent of the mercury found downstream, according to environmental officials. 

Bryn Thoms with Oregon’s Department of Environmental Quality says a cleanup in 2007 didn’t fix the entire problem – but DEQ can’t afford to do what more is needed.

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-24841721925689973212010-04-16T23:56:00.001-07:002010-04-16T23:56:37.739-07:00

Contact Information: Contact Information: Ken Marcy, EPA/Seattle (206) 463-1349, marcy.ken@epa.gov, Judy Smith, EPA/Portland (503) 326-6994, smith.judy@epa.gov(Cottage Grove, Ore. - March 2, 2010) The former Black Butte Mine, near Cottage Grove, Ore. has been added to the Environmental Protection Agency’s National Priorities List. Today’s listing makes the site eligible to receive federal funds

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-65208636595691455902010-04-14T21:33:00.000-07:002010-04-14T21:34:30.876-07:00

NovaGold suggests that its Donlin Creek gold project may be moving closer to reality as studies reveal natural gas may be a cost-effective power alternative.Author: Dorothy KosichRENO, NV -Vancouver-based junior miner NovaGold said Tuesday that Donlin Creek joint venture will either file permit applications for an original project design at its Alaskan gold project or revise its feasibility study

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-42301260230969852652010-04-14T21:32:00.000-07:002010-04-14T21:33:05.590-07:00

The plethora of gold events happening Europe at the moment give gold companies a great platform to show their wares to potential investors but is there a danger of fatigue?Author: Lawrence WilliamsZURICH -The Denver Gold Group's European Gold Forum, being held in Zurich in Switzerland is an attractive event for mostly gold mid-sized and junior mining and junior exploration companies to display

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-26943561060550071712010-04-14T21:29:00.000-07:002010-04-14T21:31:55.200-07:00

From Serra Sul to Donlin Creek, from Oyu Tolgoi to Olympic Dam; even the world's biggest miners seem intimidated by ballooning capital costs for new mines.Author: Barry SergeantJOHANNESBURG -There are rumbles around the notion that even the world's biggest miners are increasingly intimidated by the capital costs of building new mines, where budgets often look like real telephone numbers. Take

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-73884040530153192432010-04-14T21:28:00.001-07:002010-04-14T21:28:51.340-07:00

Total cash cost increases were well contained in 2009 - but long-term sustainable costs are nowhere near as comfortableAuthor: Rhona O'ConnellLONDON -This year's Gold Survey from GFMS Ltd shows that China was again the world's largest mine producer of gold in 2009, with output of 324 tonnes, an increase of 11% over the previous year. South Africa, for so long the giant of the industry, ranked

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-54859576110667423672010-04-14T21:20:00.001-07:002010-04-14T21:20:41.460-07:00

A new mid-tier Canadian copper mining company, Quadra FNX Mining, to be created from a friendly merger of Canadian copper miners Quadra and FNX, intends to shop for a third company.Author: Dorothy KosichRENO, NV -In a move that no one may have seen coming, Canadian copper miners Quadra Mining and FNX Mining announced a US$1.5 billion all-stock merger to create Quadra FNX Mining with a market cap

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-190332229276155282010-04-14T21:14:00.000-07:002010-04-14T21:15:07.388-07:00

Dagilev Capital Corp. announce that it has closed the acquisition of a 100% interest in the Salave Gold Deposit from Lundin Mining Corp. and other parties. TSX Venture Exchange has approved the Salave acquisition as Dagilev’s qualifying transaction.The company also announces that it will be renamed Astur Gold Corp. subject to shareholder approval at the Annual General Meeting on May 31, 2010.The

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-71714065025674437202010-04-13T21:39:00.001-07:002010-04-13T21:39:36.948-07:00

Jordan Phosphate Mining Company (JPMC) and Amman-based Europe Arab Bank signed a $110 million agreement to finance an upcoming world-class terminal in the port of Aqaba.The second largest exporter of phosphates in the world, JPMC, said the nine-year agreement was aimed at supporting the company's plans to expand its reach in the international fertilizer market further.JPMC chairman Walid Kurdi

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-79137100980134172542010-04-13T21:37:00.000-07:002010-04-13T21:38:02.556-07:00

With the ushering in of the new decade, the Greater Yellowstone Coalition has high hopes for change in Southeast Idaho’s phosphate mining industry.Last June, facing the possibility of an adverse ruling from the 9th Circuit Court of Appeals, the J.R. Simplot Co. threatened to layoff 114 employees at the Smoky Canyon Mine on the Idaho-Wyoming border and Pocatello’s Don fertilizer plant. At that

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-76197084444131238742010-04-13T21:35:00.001-07:002010-04-13T21:35:42.743-07:00

Pershimco Resources Inc. announces its intent to realize a brokered arm’s length private placement for subscriptions amounting to a minimum of Cdn$1,000,000 and a maximum of Cdn$2,000,000 for a subscription price of $0.17 per unit, subject to the approval of the TSX Venture Exchange and regulatory authorities.Each unit will consist of one Class “A” common share of the Corporation (the “Common

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-75112876805703046942010-04-13T21:34:00.001-07:002010-04-13T21:34:55.725-07:00

St. Eugene Mining Corporation Ltd. announces that a $1.1 million drilling and exploration campaign is underway at the Amisk Gold Project, Saskatchewan, which includes 2,300 meters of diamond drilling (completed; assays pending) in an effort to expand the existing Amisk-Laural Gold Deposit, and to evaluate the bulk mining potential of the system.The Amisk Gold Project is host to the advanced

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-53383584121728406242010-04-12T23:36:00.000-07:002010-04-12T23:37:09.915-07:00

As both state and federal investigators commence inquiries into what caused the worst mining disaster in decades, some investors are demanding Massey CEO Don Blankenship be fired.Author: Dorothy KosichRENO, NV -As federal and state investigators begin to investigate what caused the deadly blast that killed 29 miners in West Virginia, New York State Comptroller Thomas P. DiNapoli called on Massey

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-64144995093865049582010-04-12T23:32:00.000-07:002010-04-12T23:33:03.706-07:00

The precious metal of gold has fascinated humans for thousands of years. But how do we actually get it out of the ground? Let's take a look at the most common ways to mine gold.There are two main gold mining methods, one is called "placer" and the other is "vein" mining. And another type of mining is when gold is collected as a by-product in the mining of other metals.Placer MiningPlacer mining

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-57707046639451122412010-04-12T23:30:00.000-07:002010-04-12T23:31:27.201-07:00

Fall season, and fruits. September 20, "China Molybdenum Mining Capital - Huaxian Jinduicheng" awarding ceremony was held at Beijing's Great Hall. National People's Congress Standing Committee, NPC Environmental and Resources Protection Committee, Feng Zhijun, deputy director of the ceremony and delivered a speech; China Nonferrous Metals Industry Association executive vice president of

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-82020578392667458292010-04-12T23:28:00.002-07:002010-04-12T23:29:31.699-07:00

NiMin Energy Corp. announced the execution of a preliminary term sheet for a senior secured loan (the “Loan”) in the amount of US$36 million from a large institutional private lender (the “Lender”). At the request of the Company and subject to approval by the Lender, the Loan may be increased up to US$75 million to provide additional development capital.The new long-term Loan will be used to

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-76469582356588885592010-04-12T23:28:00.001-07:002010-04-12T23:28:37.223-07:00

Alternative Petroleum Technologies S.A. (“APT”) announced it has received a purchase order from a refinery owned and operated by India’s largest oil company, the Indian Oil Corporation Limited (“IOC”). After several months of consideration under an arduous tender process, APT was awarded the right to deliver its heavy fuel oil emulsion technology for up to one year for certain steam generation

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-9744975871817702312010-04-11T21:38:00.000-07:002010-04-11T21:40:07.904-07:00

Despite a breezy longer term outlook, the sector has been on the backburner for months, if not years.Author: Barry SergeantJOHANNESBURG -Relative to most mining subsectors, listed uranium stocks have rendered a poor performance, for some years now, inviting examination as to whether this area is oversold. Commodity pricing here moves in a disjointed way, with little relation to variables such as

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-68605700006675625892010-04-11T21:37:00.000-07:002010-04-11T21:38:16.674-07:00

Steve Palmer says rare earth space is currently his favorite place to invest in the resource sector. Interview with The Gold Report.Author: The Gold ReportVANCOUVER, BC -The Gold Report: Your fund finished 2009 with gains of about 160%. What's the outlook for 2010?Steve Palmer: It's unrealistic to expect a repeat of 2009 this year. However, we're seeing many attractive opportunities still and

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-60501276356425359122010-04-11T21:36:00.001-07:002010-04-11T21:36:56.443-07:00

Small players with big potential deposits are sought by majors in their need to replace resourcesAuthor: Cameron FrenchTORONTO (Reuters) -The "for sale" signs are out in force and potential buyers are thinking they should get in on the action now while the good properties are still around.But rather than seeking million-dollar homes, these shoppers are on the hunt for billions in buried copper

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-48201730021235745472010-04-11T21:32:00.000-07:002010-04-11T21:33:18.399-07:00

Ohio officials have struck a deal that allows a coal company to tunnel below Burr Oak to connect an active mine with an untapped coal reserve just east of the state park.State officials say the agreement, which allows the Buckingham Coal Co. to mine the 41-acre tunnel in return for royalties, was signed to protect the 2,600-acre state park in Morgan and Athens counties.In return for the tunnel

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-25100196426547009912010-04-11T21:31:00.000-07:002010-04-11T21:32:05.279-07:00

Performance Coal Co. miner Eddie Lynch says there's not a whole lot to do for a better paycheck in West Virginia other than coal mining."My dad mined coal for 15 years," the 24-year-old miner said. "I come from a long line of miners, but it's not just that. It's a good living for your family."The Shady Spring native attended Bluefield State College for two years out of high school before deciding

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-33139708015921422982010-04-11T21:30:00.001-07:002010-04-11T21:30:38.142-07:00

Although coal mining is a significant part of West Virginia's past, present and future, many people, miners aside, have never experienced life underground.For close to 50 years, however, the Beckley Exhibition Coal Mine, which is set to open for the 2010 season Thursday, has taken visitors 1,500 feet beneath the hillsides of New River Park on a tour of a once fully functioning coal mine."We have

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-36498387637781070052010-04-11T21:27:00.000-07:002010-04-11T21:28:35.081-07:00

The collapse in metals prices has already had a severe impact on the fortunes of major exporters. With a recent major IMF report slashing its expectations for global growth from a modest 2.2% to a mere 0.5%, there seems to be little hope of a swift recovery in demand. M J Morgan examines the causes, effects and the likely consequences for African producers.At the World Economic Forum (WEF)

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-32934722053159323822010-04-11T21:25:00.001-07:002010-04-11T21:25:57.217-07:00

enezuelan state-owned bauxite and alumina producer CVG Bauxilum may import bauxite because it has not been able to transport its own raw material to its refinery due to low water levels in the Orinoco River. The company's sole bauxite mine, Los Pijiguaos, is located some 500km away from its alumina plant in Puerto Ordaz and bauxite inventories stockpiled near the refinery will only last until the

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-14738660536985206832010-04-11T01:01:00.000-07:002010-04-11T01:02:14.880-07:00

Gold has been moving upwards, despite dollar gains against other Western currencies, and now has breached $1,150.Author: Lawrence WilliamsLONDON -Gold moved up through an $1145 chart point Wednesday without pausing for breath, and yesterday it gained further ground through the $1150 mark and stayed there overnight. The initial price boost this time appears to have been coming from the North

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-34503790880282932762010-04-11T00:59:00.000-07:002010-04-11T01:01:04.398-07:00

Selected junior and mid-tier stocks are running like antelope as gold bullion advances to USD 1,160/ounce.Author: Barry SergeantJOHANNESBURG -Given a sample of around 500 gold stocks listed across the world, what message comes through on a day when gold bullion touches USD 1,160 an ounce, its highest level since early December 2009, when the price would go on to an all time nominal record?The 100

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-68212135701185834642010-04-11T00:58:00.000-07:002010-04-11T00:59:33.168-07:00

Most metals prices collapsed in 2008 after huge runups. Are we building for another similar episode and if so gold still provides the best protection.Author: Lawrence WilliamsLONDON -Not a day goes by without some analyst or other telling us that just about every other metal out there has been outperforming gold, with the implication that investment in the yellow metal is ineffective in terms of

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-21334991673430976742010-04-11T00:56:00.001-07:002010-04-11T00:56:59.298-07:00

De Beers Consolidated Mines Ltd (DBCM) announced today its intention to invite expressions of interest from mining companies regarding a disposal process it is initiating in respect of its Jagersfontein Diamond Property in the Free State.The mine, operated from 1870 to 1971, producing a Tailing Mineral Resource of just over 13 million tons at an average grade of 12.8 cpht. For a number of years,

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-85508211668618395212010-04-11T00:55:00.001-07:002010-04-11T00:55:40.668-07:00

Vancouver, B.C. - Diamond Fields International Ltd. ( DFI:TSX ) ('DFI' or the 'Company') is pleased to announce that it has entered into an agreement with DeepGreen Resources Inc. and its Chairman David Heydon, to jointly develop non-diamond marine deposits identified by DFI. David Heydon was the founding President and CEO of Nautilus Minerals Inc. ( NUS:TSX ), the first company to commercially

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-27024715587263311472010-04-11T00:53:00.000-07:002010-04-11T00:54:22.078-07:00

Peregrine Diamonds Ltd. ('Peregrine' or 'the Company') is pleased to report the commencement of the Spring phase of the $ 13.5 million, 2010 diamond exploration programme on the 9,800 square kilometre Chidliak project ('Chidliak' or 'the Project') on Baffin Island, Nunavut, Canada. Peregrine is the operator of the 2010 programme.Brooke Clements, Peregrine's President, said 'Our team is looking

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-42442227128342414042010-04-11T00:51:00.000-07:002010-04-11T00:52:50.826-07:00

LONDON - Firestone Diamonds plc, ('Firestone' or 'the Company'), the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI ), is pleased to announce that it has been selected by Namdeb Diamond Corporation ('Namdeb') as the preferred supplier and operator for the Dredge and FloatingTreatment Plant ('FTP') project at Namdeb's diamond mining operations on the south west coast of Namibia

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-34579476086798841652010-04-11T00:49:00.000-07:002010-04-11T00:50:10.827-07:00

Harare — PARLIAMENT is now pushing for a special investigation into Mines and Mining Development Minister Obert Mpofu's interest in the companies that were controversially given licences to mine the Chiadzwa diamonds after MPs were barred from touring the fields last week.Mpofu reportedly refused to give members of the parliamentary portfolio committee on Mines and Energy the go-ahead to visit

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-12189603616488683602010-04-08T21:13:00.000-07:002010-04-08T21:14:51.611-07:00

Bullion is flirting with highs not seen since January this year while listed gold stocks are at their best levels since early December 2009.Author: Barry SergeantJOHANNESBURG -Gold bullion moved up to above USD 1,145.00 an ounce in early US trade on Wednesday, levels not seen since the second week of January, but still well off the record highs around USD 1,220.00 an ounce recorded early in

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-31319653616728413782010-04-08T21:11:00.000-07:002010-04-08T21:12:45.163-07:00

JOHANNESBURG -Most stock and commodity indices are at or around 12-month highs; well known exceptions include Greece, Spain and Portugal. China is perhaps a lesser known exception of sorts; there stocks have been tripping along for months with equity investors remaining nervous over changes in domestic policy, and ongoing relative weakness in export markets.The overall equation is increasingly

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-32475618913462022952010-04-08T21:08:00.001-07:002010-04-08T21:08:40.566-07:00

SANTIAGO – Exploration spending by miners worldwide will jump sharply this year as metals prices rally and financing improves, reversing last year's slump, and a growing share will be spent on gold, according to a senior analyst at the Metals Economics Group (MEG).In a global study of 2009 spending it released last month, MEG found that companies had slashed their exploration budgets by more than

Adminhttp://www.blogger.com/profile/03038570015920349469noreply@blogger.comtag:blogger.com,1999:blog-2233987311907049450.post-16623733482645081002010-04-08T21:05:00.000-07:002010-04-08T21:06:36.154-07:00

As expected, Orosur Mining (TSX-V, LSE: OMI), the South American focused gold producer, announced lower second quarter production compared to the corresponding period in the previous year, but higher than Q1 2010.Production for Q2 (ended November 30) totalled 13,580 ounces (362,366 tonnes @ 1.25 g/t), up from 13,173 ounces in Q1 2010, but below Q2 2009 when the company produced 15,837 ounces.

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David Fowler, Director & CEO of Orosur Mining (formerly Uruguay Minerals), talks about gold in Uruguay and Chile, extending the mine life and reducing the cost profile of the San Gregorio mine, a new resource estimate due in March, and a non 43-101 compliant resource of 2 million ounces at Pantanillo Norte. More Article...

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Orosur Mining (TSX-V, AIM: OMI) has initiated a 7,500m resource definition diamond drill program at its Pantanillo gold property in Chile. The company also announced it is making progress in the expansion of its San Gregorio operations in Uruguay.Orosur has appointed Randall Corbett as the general manager and hired AMEC (LSE: AMEC) to complete the Arenal Deeps feasibility study at San

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Orosur Mining (AIM: OMI) has upped the resource grade estimate of its Arenal Deeps gold deposit at the San Gregorio project in Uruguay after Mine Development Associates carried out a NI43-101 compliant estimate.The measured and indicated grade of the resource increased to 3.61 g/t (grammes per tonne) of gold from the previous estimate of 2.21 g/t at a 1.5 g/t cut-off, which the company said was

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Uruguay Mineral Exploration Inc (TSX-V: UME; LSE: UGY) said it has produced 13,173 ounces of gold in the quarter to August 31 2009, 3.5 percent below the target of 13,655 ounces due to minor changes in the extraction sequence. The group confirmed its production forecast for the 2010 fiscal year of at least 60,000 ounces.Ore processed for the quarter was 384,194 tonnes at a gold grade of 1.15

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Developments in China, India and elsewhere in Asia and the Middle East, look like they are underpinning the gold price nicely and limiting downside risk.Author: Lawrence WilliamsLONDON -In his latest analysis of the gold sector, U.S. precious metals economist, Jeff Nichols, poses the question: "Will strong physical demand from China, India, and other important Asian gold markets continue to

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The Iceotope Water-Cooling Component After the individual bags of coolant pull heat away from the individual server components, a water transfer system moves heat out of the data center, possibly for use in heating offices during cold weather. IceotopeServer farms are undeniably awesome in that they store huge pools of data, enable such modern phenomena as cloud computing and Web-hosted email,

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Neodymium A rare earth element found in trace quantities in a variety of minerals, Neodymium is a crucial component in the alloy used to make the Prius's electric motors' magnets Theodore GraySo it turns all those hybrid car owners who turn their environmentally conscious noses up have an unexpected caveat to their green-ness--their cars are sucking up rare earth metals at a disturbing

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All those hybrid and electric cars, wind turbines and similar clean tech innovations may count for nothing if the U.S. cannot secure a supply of rare earth minerals. Ditto for other advanced telecommunications or defense technologies, scientists told a U.S. House subcommittee.China has supplied 91 percent of U.S. consumption of rare earths between 2005 and 2008, and continues to represent the

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Karl A. Gschneidner Jr., a senior metallurgist at the U.S. Department of Energy's Ames Laboratory, recently cautioned members of a Congressional panel that "rare-earth research in the USA on mineral extraction, rare-earth separation, processing of the oxides into metallic alloys and other useful forms, substitution, and recycling is virtually zero."Rare-earth elements are critical components in

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MOSCOW, April 5, 2010 (GLOBE NEWSWIRE) -- Mechel OAO , one of the leading Russian mining and metals companies, announces coking coal concentrate trading start at St. Petersburg international raw material and commodity exchange.On the 2nd of April, 2010 St. Petersburg international raw material and commodity exchange ZAO held the 1st Russian coking coal concentrate auction. The auction was held on

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