News & Features

Anglo American Seeks Coking Coal Assets in Mongolia to Double Production

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By Elisabeth Behrmann

Anglo American Plc, the third- largest producer of steelmaking coal, is seeking an acquisition that may more than double existing output to meet rising Chinese and Indian demand.

Anglo is looking for assets with potential annual output of as much as 20 million metric tons in Russia, Mongolia, Indonesia and Mozambique, said Seamus French, Read more

UPDATE 2-Saskatchewan may consider potash royalty change

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By Euan Rocha

The government of Saskatchewan may consider changes to its potash royalty system, in the event of a foreign takeover of Potash Corp (POT.TO), the premier of the western Canadian province said in a television interview on Thursday.

“In the long term there are royalty changes that are possible to take the bias away from prices and more toward volumes,” Premier Brad Wall said in an interview with BNN Television. Read more

The gold debate: Will gold be as good going forward

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You have to choose [as a voter] between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold. George Bernard Shaw Read more

Copper hits four-month high

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 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 CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!

Date	Company Name (Click to open profile)	Symbol	How Much?	Status
September 1, 2010	Stina Resources Ltd	SQA	$999,999.	Amendment
September 1, 2010	Conway Resources Inc	CWY	$63,932.	Proposed
September 1, 2010	United Reef Ltd	URP	$250,000.	Proposed
September 1, 2010	Merc Intl Minerals Inc	MRK	$999,999.	Proposed
September 1, 2010	Bravo Venture Group Inc	BVG	$3,000,000.	Proposed
September 1, 2010	Key Gold Holding Inc	KGH	$600,000.	Proposed
September 1, 2010	Key Gold Holding Inc	KGH	$150,000.	Proposed
September 1, 2010	Belmont Resources Inc	BEA	$300,000.	Proposed
September 1, 2010	Totem Minerals Inc	TTM	$7,000,000.	Amendment
September 1, 2010	Hilltown Resources Inc	HLT	$265,000.	Proposed
September 1, 2010	Messina Minerals Inc	MMI	$150,000.	Proposed
September 1, 2010	Northern Shield Resources Inc	NRN	$444,060.	Closed
September 1, 2010	GGL Resources Corp	GGL	$150,000.	Proposed
September 1, 2010	Supreme Resources Ltd	SPR	$400,000.	Proposed

Gold Ignored & Dismissed by US Media as Good Harvest Points to Strong Indian Demand

London Gold Market Report

from Adrian Ash

BullionVault

08:45 ET, Thurs 2 Sept.

Gold Ignored & Dismissed by US Media as Good Harvest Points to Strong Indian Demand Read more

Sask. weighs in on Potash deal

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By Brenda Bouw and Andy Hoffman

Potash Corp.’s (POT-T 154.80  0.90  0.58%) best hope for a rival offer to BHP Billiton (BHP-N 69.93  -0.21  -0.30%) $38.6-billion (U.S) takeover bid faces a potential obstacle in the provincial government, which says it’s worried that a state-controlled buyer would drive down the value of its coveted resource.

The Saskatchewan government signalled Wednesday that it is unlikely to support a takeover of the Saskatoon-based company by a sovereign wealth fund or other state-owned firm from China or other large potash-buying nation. Read more

Rio Tinto to grow Indian diamond presence

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By Shivom Seth

The second-largest mining company in the world, Rio Tinto, has decided to mine diamonds in India from its Bunder Diamond project at Chhatarpur district in Madhya Pradesh. With an investment target of around $79 million, the owner of the fancy red and pink coloured diamonds hopes the project will substantially add to its kitty. Read more

Vale to Explore for Kazakh Copper, Gold, According to Country’s Ministry

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By Nariman Gizitdinov

Vale SA, the world’s largest iron- ore producer, will explore for copper and gold in Kazakhstan as the country seeks outside investors, a ministry official said.

Vale, based in Rio de Janeiro, plans to search in the Balkhash and central areas of Kazakhstan with Tau-Ken Samruk, the mining unit of the sovereign wealth fund, Murat Saiduakasov, deputy head of the geology panel at the industry and new technologies ministry, said in Astana without elaborating. Read more

North-American Steel Products Cost to Rise : MEPS

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By Alex Letourneau

London –(Kitco News) –North American finished steel products have been volatile over the last year mainly due to the unstable economy while production costs are forecasted to escalate in the short term said MEPS, the U.K.-based steel consultancy.

Raw steel output, namely hot rolled coil, increased steadily at the end of 2009 into 2010 but steel consumption remained low as the economy showed no signs of picking up. Mills raised prices which increased input costs boosting positive figures until around May where seasonal demand slowed down, MEPS said. Read more

Uranium One shareholders support ARMZ sale

Uranium price rise expected as Extract moves ahead with Rossing South

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By Lawrence Williams

In a presentation to the Africa Downunder conference in Perth, Extract Resources CEO, Jonathan Leslie was predicting higher uranium prices as burgeoning demand and shortage of supply would see it moving up from its current trading range.  Given the company is exploring, and developing, what is already estimated to be the world’s fifth largest uranium resource at Rossing South in Namibia – and it is still growing – a degree of price optimism doesn’t go amiss, but Leslie’s views are echoed by uranium analysts around the world.  Read more

Brockman key asset in Rio plans to boost Pilbara output, says Walsh

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By Stephen Bell

RIO Tinto plans to double iron ore output at its new Brockman 4 mine, the miner said today as it opened the $US1.5 billion facility.

Sam Walsh, chief executive for iron ore at Rio Tinto, said in a statement that Brockman featured significantly in expansion plans. Mr Walsh said the initial output of 22 million tons a year fits within Rio’s overall 220m ton capacity in the Pilbara region. Read more

COPPER EXPLORATION: Castle to acquire former Granduc mine

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BRITISH COLUMBIA – Bell Copper of Vancouver has agreed to sell its 100% interest in the former Granduc copper mine near Stewart to Castle Resources of Toronto. Castle will pay $2 million and issue 2.75 million shares to Bell Copper. The acquisition is subject to approval from the TSX Venture exchange.

The property produced over 420 million lb of copper between 1971 and 1984 while it was owned by Newmont and Esso Minerals. Read more

National Aluminium May Invest $3.8 Billion to Buy Coal Mine in Indonesia

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By Abhishek Shankar

National Aluminium Co., India’s second-largest producer of the metal, may spend $3.8 billion buying a coal mine in Indonesia to secure fuel for its planned power plant in East Kalimantan province.

The company is in talks with Indonesian firms, B.L. Bagra, director of finance at the Bhubaneswar-based National Aluminium, told Bloomberg UTV in an interview today. 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 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 CALCULATOR. Go to www.shareknow.net now to begin evaluating prospective investments!

Date	Company Name (Click to open profile)	Symbol	How Much?	Status
August 31, 2010	Sutter Gold Mining Inc	SGM	$3,843,815.	Closed
August 31, 2010	Edgewater Exploration Ltd	EDW	$10,413,000.	Closed
August 31, 2010	Levon Resources Ltd	LVN	$10,000,500.	Closed
August 31, 2010	Grenville Gold Corp	GVG	$1,050,000.	Proposed
August 31, 2010	Alix Resources Corp	AIX	$780,000.	Proposed
August 31, 2010	Continental Gold Ltd	CNL	$57,000,000.	Proposed
August 31, 2010	Stina Resources Ltd	SQA	$999,999.	Proposed

Gold Extends 2nd-Best Annual Rise to End-Aug. as Physical Silver “Gets Tight” in Hong Kong

London Gold Market Report

from Adrian Ash

BullionVault

09:25 ET, Weds 1 Sept.

Gold Extends 2nd-Best Annual Rise to End-Aug. as Physical Silver “Gets Tight” in Hong Kong Read more

Copper Climbs to Highest Level Since April as China Manufacturing Quickens

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By Helen Sun

Copper advanced to the highest level since April in London and Shanghai as manufacturing in China, the biggest consumer, expanded at a faster pace in August after the weakest growth since February 2009 the previous month.

Three-month delivery copper gained as much as 2 percent to $7,585 a metric ton, the highest level since April 27, and traded at $7,545 a ton at 11:52 a.m. Read more

Gold price to double in five years – Frank Holmes

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By Geoff Candy

Historically, September is a very good month for gold. On average, the price of the yellow metal rises around 2.5% from its August price. Read more

Miners’ $20bn rush for African resources

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By Andrew Burrell

THE number of listed Australian mining companies with operations in Africa has tripled to 160 in the past seven years.

Department of Foreign Affairs and Trade secretary Dennis Richardson said Australian miners were involved in 500 projects across 40 nations in Africa, taking the value of Australian investment in the continent’s resources sector to an estimated $20 billion. Read more

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