Archive for the ‘Mining Investment’ Category

Chinese coal enterprises seek for bottom fishing in Australia

Thursday, December 11th, 2008

China's coal enterprises are taking good opportunities of bottom fishing in Australia amid plunging coal price, shrinking coal market value in Australia and depreciating Australian dollar. Earlier, a report went that Yanzhou Coal was considering a 3 billion-Australian-dollar bid for Australian coal producer, Felix Resources Ltd. Some managers of Yanzhou Coal ...

Job Losses Drag Gold Down, Oil Retreats

Tuesday, December 9th, 2008

It’s very grim. Shedding its workforce at the fastest pace in 34 years, the US employment scene has become very grim. The tally of year-to-date lost jobs has now reached the 2 million figure. Not surprisingly, the number of homes in foreclosure neared 3 per cent in the third quarter ...

Great Basin buys a mill to cut costs

Tuesday, December 9th, 2008

GREAT Basin Gold (GBG) is buying its own mill in Nevada for $12m to treat ore from its Hollister mine far more cheaply rather than relying on expensive toll treatment options, which capped production at the project. GBG CEO Ferdi Dippenaar said at the company’s maiden quarterly results presentation in August ...

Franco Nevada’s Harquail envisions monetary expansion generating next gold bull market

Friday, December 5th, 2008

"Never has there been so much money lost in such a short period of time," Franco Nevada President and CEO David Harquail told an audience at the Northwest Mining Association conference Wednesday. Nevertheless, Harquail declared," We're expecting gold to go into the thousands" as a monetary expansion generates the "next gold ...

St Andrew Announces Repricing of Flow Through Private Placement

Friday, December 5th, 2008

St Andrew Goldfields Ltd. announces that due to recent market condition, it will reprice the previously announced $6.0 million private placement of flow-through units from $0.27 per unit to $0.22 per unit and reduce the warrant exercise price from $0.49 to $0.44 per share. Under the revised terms of the offering, ...

Gold Selling for $10 an Ounce!

Friday, December 5th, 2008

Beware of the peddler trying to sell you the Brooklyn Bridge. But if you come across a guy looking to sell another type of bridge namely Seabridge Gold you might want to pay attention. The fellow's name is Rudi, but he's not the former Big Apple mayor who was caught on ...

Vale Will Cut Nickel Output in Canada as Demand Falls

Friday, December 5th, 2008

Cia. Vale do Rio Doce, the world’s second-biggest nickel miner, said it will cut output and suspend some operations in Canada because of falling metals demand. Suspensions include deep-mining operations near Sudbury, Ontario, which Vale acquired through its $16.7 billion takeover of Inco Ltd. Curtailments also are planned at the Voisey’s ...

Powertech Uranium updates project

Wednesday, December 3rd, 2008

Powertech Uranium Corp. announced Dec. 2 that all baseline studies for its Centennial Project west of Nunn are scheduled to be completed in the fourth quarter of 2008. The studies for the company's proposed uranium mining operation include radiation data collection, air monitoring, groundwater sampling, surface water sampling, soil sampling, vegetation ...

Uranium Energy Corp Completes Filing of Final Permit Applications for the Goliad ISR Project in South Texas

Wednesday, December 3rd, 2008

Uranium Energy Corp is pleased to announce that the Company has filed all permit applications for In-Situ Recovery of uranium at the Company's flagship Goliad Project in South Texas. On December 1, Uranium Energy filed a Radioactive Material License Application (RMLA) and a Permit by Rule Application (PBRA) with the ...

Powertech Uranium Corporation

Wednesday, December 3rd, 2008

VANCOUVER, BRITISH COLUMBIA - POWERTECH URANIUM CORPORATION is pleased to announce that significant progress has been made in preparation of the Company's mine permit applications for the Dewey-Burdock Project, in Fall River and Custer counties, South Dakota, and the Centennial Project, in Weld County, Colorado. Dewey-Burdock Project All base line studies ...