Minews Story: October 13, 2008
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
The savagery of the bear market was unabated this week, and finding stocks that enjoyed an up week to any significant extent was next to impossible. Instead, indiscriminate selling was the order of the day. The majors were
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Minews Story: October 12, 2008
Minews. Now over to our Canadian Correspondent who appears to have survived another tumultuous trading week on the Canadian Markets.
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Minews Story: October 12, 2008
Minews. Good morning Australia, what a devastating week. How bad was it on your market?
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Minews Story: October 10, 2008
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
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Minews Story: October 09, 2008
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
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Minews Story: October 09, 2008
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
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Minews Story: October 08, 2008
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
“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
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Minews Story: October 08, 2008
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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Minews Story: October 07, 2008
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
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Minews Story: October 07, 2008
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
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Minews Story: October 06, 2008
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
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
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Minews Story: October 06, 2008
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 06, 2008
There was absolutely no let up in the ferocity of the bear market this week, with metal prices also under severe pressure. The majors predictably had a tough time of things. Anglo American (LSE: AAL) was down 10 per cent to 1781p
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Minews Story: October 05, 2008
Minews. Good morning Australia. Should we ignore the market and talk about sport today?
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Minews Story: October 05, 2008
Minews. Now over to our Canadian Correspondent to see how the Canadian Markets performed this past week.
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Minews Story: October 02, 2008
Coal mining is all about big numbers. Unlike gold mining you can’t start small and work your way up because consumers want to have a reliable, large tonnage feed for many years. In contrast to gold, of course, there is not a
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Minews Story: October 02, 2008
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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