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Minesite News headlines October 13, 2008

Canadian News

Minews Story: October 13, 2008

Despite Market Melt Down It Is Steady As She Goes For CanAlaska Uranium

For junior uranium explorers, gone are the heady days of mid-2007 when the spot price of uranium hit almost US$140 per pound and lofty share prices were the norm. Today the once high flying sector is now on financial life

Full story...
Minews Story: October 13, 2008

Africa Weekly: El Nino Discovers Copper In DRC, Petra Announces Another Rare Diamond Find At Cullinan, Rockgate Capital Receives Results, Zambia Enacts Uranium Mining Law And South Africa’s Gold Output Drops, While Burundu Announces Nickel Reserves

Yet another discovery by Petra Diamonds, this time at its Cullinan mine hogged the limelight on the African mining scene as the week opened while the government of Burundu appetised nickel sector investors by announcing that the

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Minews Story: October 12, 2008

That Was The Week That Was … In Canada

Minews. Now over to our Canadian Correspondent who appears to have survived another tumultuous trading week on the Canadian Markets.

Full story...
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

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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

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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

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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

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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

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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

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Minews Story: October 05, 2008

That Was The Week That Was … In Canada

Minews. Now over to our Canadian Correspondent to see how the Canadian Markets performed this past week.

Full story...
Minews Story: October 02, 2008

Capstone Mining And Sherwood Copper Merge To Fill The Mid-Tier Producer Void

In the mining game “bigger is almost always better”, and this fact has not been lost on Canadian-listed Capstone Mining as it looks to tie the knot with fellow copper producer Sherwood Copper. The proposed nuptials would create a

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Minews Story: October 02, 2008

Minera Andes Poised For Expansion Off A Very Solid Base

Take a look at the share price chart of Minera Andes and you will see a hockey stick shape at the end. In other words there was some news in August September-time good enough to move the price upward even in these dire times. A

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Minews Story: October 01, 2008

Is An Inscrutable Chinaman Playing High Stakes Poker With AXMIN And The Government Of The Central African Republic?

Frustrating is not a word strong enough to express feelings at Canadian-listed AXMIN after an announcement was issued on local radio in the Central African Republic (CAR) that a decree had been issued which appeared to amend

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Minews Story: September 29, 2008

Africa Weekly: DRC Extends Mines Contracts Review, South African Politics In Chaos, And Gem Pulls A Big Stone Out of Letseng

It’s rare to have both of Africa’s number one and number two gold producing nations hogging the limelight at the same time. As last week opened, it was a tale of conflicting fortunes for both South Africa and Ghana, the

Full story...

Canadian Mining News

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