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STOP PRESS:

Minesite News headlines October 12, 2008

Features: October 10, 2008

Wise Words For Investors In A Bear Market

We have all heard enough about how bad the financial situation is. There is no question that the markets are in a terrible mess. The U.S. credit crisis is serious, it is spreading, and it’s not going to get better over night. The

Full story...
Minews Story: October 10, 2008

Noventa Bores The Market To Tears

Mozambique is a great place to go on holiday. The beaches are long and sandy, the sea is warm, the snorkelling is stupendous, and the sun shines brightly enough, even in wintertime. What’s more, following two decades of civil war

Full story...
Minews Story: October 09, 2008

The Rating Of Chromex Mining Reflects Acceleration In Both Production And Cash Flow

When we last wrote about AIM listed Chromex Mining a year ago the company was going through a very frustrating time awaiting the outcome of a dispute with the South African Department of Mines & Energy over rights to the

Full story...
Minews Story: October 09, 2008

London Mining’s Global Portfolio Of Iron Ore, Coal And Cash Should Help Keep It Afloat In The Difficult Times Ahead

Over the past couple of weeks here at Minesite we’ve had plenty to say about the legal comings and goings over the partially disputed Marampa iron ore project in Sierra Leone. The convoluted three way argument between African

Full story...
Minews Story: October 08, 2008

Range Resources Has Got The Prospectivity To Support An Exciting Future, Providing It Can Keep The Pirates And Warlords In Somalia At Bay

What do you do if you’ve hijacked a ship containing 33 state-of-the-art Russian T-72 tanks? No, this is not a note-to-self from thriller-writer Jack Higgins, this is the question that faced a gang of Somali pirates who struck it

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Minews Story: October 08, 2008

Aricom Takes To The Trans-Siberian Railway To Keep Down Costs, As It Delivers Full Feasibility Studies On Its Sizeable Russian Iron Ore Projects

“The key question”, reads a recent broker report on Aricom, “one that is difficult to answer with certainty at this stage”, but that’s “driving the outlook for the company, is the level of capex inflation”. Aricom addressed that

Full story...
Minews Story: October 08, 2008

Problems For Central African Gold In Zimbabwe As Gold Production Declines And Central Bank Delays Payments

Things appear to be falling apart for Central African Gold’s Zimbabwe gold operation, Falcon Gold, as output of the precious metal from stood at a mere 85 kgs for the period January to June this year. This pathetic figure is in

Full story...
Minews Story: October 07, 2008

Serabi Counts The Cost of Defeat, As Potential Buyers For The Palito Mine Mull Their Options

You’ve got to hand it to the management of Serabi Mining: they’re not hunkering down in bomb shelters while an irate City rains down heavy ordinance upon their heads. On the contrary, following the company’s disastrous news that

Full story...
Minews Story: October 07, 2008

Sunkar Resources Has The Right Deposit In The Right Place For Shrewd Bottom Fishers

The sheer brutality of a bear market is writ large in the performance of Sunkar Resources which raised £36 million in June prior to listing on AIM. The price paid then was 120p per share: now the shares cost 24p. And nothing

Full story...
Features: October 07, 2008

A Kleptocracy Oiled With Sweeteners At Every Turn: No Wonder There’s Cynicism Everywhere In The DRC About The Ongoing Mining Review Process

Over dinner in an excellent Chinese restaurant in Kinshasa – the Chinese have brought more here than railways – discussion of the recent announcement of an imminent end to the government’s review of the DRC’s mining contracts

Full story...
Features: October 07, 2008

Gold – Safe Haven Or Bull Trap

I am genuinely proud of the fact that when I was Chairman of the Association of Mining Analysts we held two gold seminars at which the much reviled Gold Anti Trust Action Committee (GATA) spoke. What they said about the gold

Full story...
Features: October 06, 2008

Gross Opportunism Will Rule The Day, As Miners Start To Run Out Of Cash

One way or another it looks likely that we’re going to be hearing the phrases “highly opportunistic” and “grossly undervalued” a fair amount over the next twelve months or so. There are hundreds of companies out there sitting on

Full story...
Minews Story: October 06, 2008

Africa Weekly: Hwange Hit By Constraints, Zambia Rides The Crest Of A Wave, DRC To Restrict Tin Exports, While African Eagle Prioritises Exploration In Tanzania

On the global scene, platinum prices slithered down to a 33-month low amidst fears over plummeting demand from car manufacturers. The greenback also gained as it rose to a one-year high against the euro, yet gold traded steady on

Full story...
Minews Story: October 06, 2008

Now It’s Starting To Hurt

Metal prices were pretty much ok until Friday of last week when there seems to have been a bit of reality check. A US$305 a tonne fall in the price of copper that day took it down to US$5,882. Considering it had been US$6,900 a

Full story...
Minews Story: October 06, 2008

Solid Energy Has Coal In Abundance Down In New Zealand, And A Growing Renewables Portfolio Too

One of New Zealand's leading high-quality coal producers is on track to become one of the country's major producers of renewable energy when two major green energy projects come online next year. Solid Energy’s seven coal mines

Full story...

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