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RITV News Alert: Latest TSX Resource Estimate Updates
The following companies have filed resource estimate updates with the TSX. RITV and shareKNOW.net calculate the value of these projects based on the latest metals prices. The tonnages, grades and recovery rates used are all 43-101 compliant unless otherwise stated, however the values stated are gross values and do not include cost data, which is often available at www.shareKNOW.net using the OPERATING... [Read more]
TSX Mine Financing Alerts: Who’s Got the Money?
The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities. Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world. Whether it is a flow... [Read more]
Gold-Euro Link Turns Negative as Chinese Savers – World’s No.2 Buyers – Hit by Sub-Zero Interest Rates
London Gold Market Report from Adrian Ash BullionVault 08:55 EST, Thurs 11 March Gold-Euro Link Turns Negative as Chinese Savers – World’s No.2 Buyers – Hit by Sub-Zero Interest Rates [Read more] SHARETHIS.addEntry({ title: "Gold-Euro Link Turns Negative as Chinese Savers – World’s No.2 Buyers – Hit by Sub-Zero Interest Rates", url: "http://www.resourceintelligence.net/gold-euro-link-turns-negative-as-chinese-savers-%e2%80%93-worlds-no-2-buyers-%e2%80%93-hit-by-sub-zero-interest-rates/7579... [Read more]
Cape Lambert sells Lady Annie copper mine to Asian buyer
CAPE Lambert Resources has sold its Lady Annie copper mine in Queensland to an Asian buyer for about $35 million more than it would have raised in an abandoned public float of the mine, executive chairman Tony Sage said. Mr Sage told Dow Jones Newswires the initial public offering would have generated about $108.5m for Cape Lambert, with the company planning to retain a 15 per cent stake in the... [Read more]
China showing strong interest in SA mines – SA mines minister
JOHANNESBURG/NEW YORK (Reuters) - South Africa’s mines minister said on Wednesday that China had shown strong interest in investing in the African country’s mining sector, and reassured investors there were no plans to nationalize mines. China, Africa’s biggest emerging market partner, has been investing in the continent’s mining and energy sectors, and the minister said South... [Read more]
As Cliffs Resources makes $400m public offering, S&P assigns ‘BBB-‘ rating
RENO, NV - As Cliffs Natural Resources Wednesday announced a $400 million public offering of senior notes, Standard & Poor’s assigned a ‘BBB-‘ rating to the Cleveland-based largest producer of iron ore pellets in North America. Last year Cliffs’ revenue decreased by 35% due to weak North American and European steels markets. North American iron ore sales volumes fell 28% while the... [Read more]
S. African Mine Output Rises for 1st Time Since July (Update1)
March 11 (Bloomberg) — South Africa, the largest producer of platinum and fourth-biggest coal exporter, said output from its mines increased for the first time in six months as demand for commodities picked up along with a global economic recovery. Production rose 7.7 percent in January from a year earlier, the first gain since July, Statistics South Africa said on its Web site today. Iron ore... [Read more]
Keangnam Sells Madagascar Nickel Mine Stake for 35.1 Billion Won
March 10 (Bloomberg) — Keangnam Enterprises Ltd., a South Korean builder, agreed to sell stake in a Madagascar nickel mine to state-run Korea Resources Corp. for 35.1 billion won ($31 million). [Read more] SHARETHIS.addEntry({ title: "Keangnam Sells Madagascar Nickel Mine Stake for 35.1 Billion Won", url: "http://www.resourceintelligence.net/keangnam-sells-madagascar-nickel-mine-stake-for-35-1-billion-won/7560... [Read more]
DIAMOND EXPLORATION: Sample from Churchill project returns 86.2 cpht
NUNAVUT – Shear Minerals (58.14%) of Edmonton and Stornoway Diamond Corp. (41.68%) of Vancouver report that the mini-bulk sample from the Notch kimberlite at their Churchill project graded 86.2 carats per hundred tonnes (cpht). A total of 129 diamonds larger than 1.18 mm were recovered from 17.26 dry tonnes of the sample. The five largest stones weigh 0.92, 0.81, 0.77, 0.63 and 0.63 ct. [Read... [Read more]
LITHIUM RESOURCES: Canadian Lithium outlines over 60 million tonnes at Quebec project
QUEBEC – Toronto-based Canada Lithium Corp. says its 100%-owned Quebec project 60 km north of Val d’Or contains a measured and indicated mineral resource of 31.6 million tonnes grading 1.11% Li2O. There is also an additional inferred resource of 1.12% Li2O. By comparison, the historical estimate was 15 million tonnes grading 1.14%. The company says the mineralization occurs in a series... [Read more]
Allied Gold lifts resources to 7.8 million ounces
The resource inventory for Allied Gold (ASX: ALD, TSX: ALG & AIM: AGLD) has been lifted significantly with added measured to indicated resources on Simberi Island, part of the Tabar Island group north of the Papua New Guinea mainland. Executive chairman Mark Caruso said that the objective this year was to have 3 million oz of reserves and 10 million oz of resources on the Tabar Islands and at Gold... [Read more]
Mining giant Vale seeks 90pc increase in iron ore prices
BRAZILIAN mining giant Vale has proposed a more than 90 per cent increase in iron ore prices in negotiations with Japanese steelmakers for fiscal 2010, The Nikkei reported today. Vale is the world’s largest iron ore producer, supplying roughly 30 per cent of all iron ore transported by sea. It sold the raw material at about $US55 a tonne in fiscal 2009. [Read more] SHARETHIS.addEntry({ title:... [Read more]
China sets new record high for crude steel output in January
CHINA produced a record 52.53 million tonnes of crude steel in January, confirming market sentiment that the government’s efforts to curtail overproduction have gone nowhere. “That policy has never been very successful,” Chen Yue, a steel analyst with Shanghai Cifco Futures, said. [Read more] SHARETHIS.addEntry({ title: "China sets new record high for crude steel output in January",... [Read more]
TSX Mine Financing Alerts: Who’s Got the Money?
The following companies have filed press releases pertaining to a financing on the TSX and Venture exchanges for mining and exploration activities. Brokers, analysts and investors can use this information to help evaluate whether a company has the funds to continue the business of making mines to feed the mills that create the metals for myriad uses in today’s growing world. NEW: RITV and shareKNOW.net... [Read more]
Gold “Refuses to Fall” as Central Banks Deny Inflation Risk in Low Rates, Money Creation
London Gold Market Report from Adrian Ash BullionVault 09:20 EST, Weds 10 March Gold “Refuses to Fall” as Central Banks Deny Inflation Risk in Low Rates, Money Creation [Read more] SHARETHIS.addEntry({ title: "Gold “Refuses to Fall” as Central Banks Deny Inflation Risk in Low Rates, Money Creation", url: "http://www.resourceintelligence.net/gold-refuses-to-fall-as-central-banks-deny-inflation-risk-in-low-rates-money-creation/7544... [Read more]
Miner goes the whole hog, bulks up in a big way
TWO weeks after lending Aurox Resources $13.6 million interest free to secure a valuable option over potential port capacity at Port Hedland, Atlas Iron Ore has decided to go the whole hog and acquire Aurox. So Atlas proposed a merger, via a scheme of arrangement, with a scrip consideration of 1 Atlas share for every 3 Aurox shares, which implied a price of 74c an Aurox share — a whopping... [Read more]
Copper rises on China imports
Copper (HG-FT) prices rose on Wednesday, as data showing stronger-than-expected Chinese imports of the metal quelled some concerns that demand might be softening in the world’s top base metals consumer. Copper for three-months delivery on the London Metal Exchange was at $7,532 (U.S.) a tonne at 1045 GMT from $7,510 at the close on Tuesday. [Read more] SHARETHIS.addEntry({ title: "Copper rises... [Read more]
Allied Gold lifts resources to 7.8 million ounces
PERTH - - The resource inventory for Allied Gold (ASX: ALD, TSX: ALG & AIM: AGLD) has been lifted significantly with added measured to indicated resources on Simberi Island, part of the Tabar Island group north of the Papua New Guinea mainland. Executive chairman Mark Caruso said that the objective this year was to have 3 million oz of reserves and 10 million oz of resources on the Tabar Islands... [Read more]
NMDC Forecasts Record Profit on Increasing Iron-Ore Prices
March 10 (Bloomberg) — NMDC Ltd., Asia’s third-largest iron-ore producer by value, forecast a record profit for the next fiscal year as demand from construction and automobile companies boosts prices of the key steelmaking raw material. Prices of iron-ore lumps and fines may increase as much as 30 percent in the year starting next month helping Hyderabad, India- based NMDC’s profit exceed... [Read more]
Brazil Stocks Jump on Outlook for Iron Ore Prices; CSN Surges
March 9 (Bloomberg) — Brazilian stocks rallied to the highest since January after Banco Bradesco SA said iron ore prices may almost double this year and homebuilders rallied on the outlook for higher sales. Cia. Siderurgica Nacional SA, Brazil’s third-biggest steelmaker, rose the most in three months after its chief executive officer estimated its mining spinoff may be worth $20 billion. PDG... [Read more]
