Gold – Imperial Metals Corporation (TSX:III) released new assay results confirming the copper/gold mineralization at Mount Polley extends at depths beyond the current bottom of the Phase 5 Springer pit in excess of 500 metres.
Silver – Hana Mining Ltd. (TSXV:HMG) announced positive infill drill results from Zone 5 at the Ghanzi sediment copper-silver project in Botswana, confirming the high-grade copper and silver mineralization of the area and expanding the mineralization zone by a depth of 55 metres.
Uranium – Reuters reported that BHP Billiton could delay its decision on whether to go ahead with the $30 billion expansion of its Olympic Dam copper-uranium mine, located in South Australia.
Copper – Reuters reported that BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT) may delay a decision on whether to go forward with the proposed $30 billion expansion of its South Australian Olympic Dam copper-uranium mine.
Manganese – The price of manganese is a good barometer for the health of an economy primarily because of its use in steel, a prime component of infrastructure projects. The price has moved lower, but remains stable. Also, improvements to South African railways are planned to meet new demand from new, massive manganese projects.
Silver Investing News reports Endeavour Silver Corp. is a Canadian based silver mining company focused on the growth of its silver production, reserves and resources in Mexico. Since founding in 2004, production has grown to producing 2,340,000 ounces of silver (plus gold) in 2008, proven and probable reserves of 9.5 million ounces of silver equivalent [...]
Potash Investing News reports potash industry booming with the current recession. Farmers may skip using potash fertilizer for a year without a significant effect on yields; however, missing more than a year can have a large impact. Many farmers have already forgone fertilizer applications over the past 12 months. ”Fertilizer customers have been slow to [...]
Crude Investing News reports crude oil did well for about 4 days and fell on Tuesday. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year. After nose-diving from [...]
Gold Investing News reports a deal between Centerra Gold, a Canadian company and Kyrgyzstan’s lawmakers. The settlement will raise the state’s share in Canada-based Centerra Gold Inc. (CG.TO), which owns the lucrative Kumtor mine, to 33 per cent from 15.7 per cent previously. In addition to increasing Kyrgyzstan’s role in the Kumtor project, the $100 [...]
Gold Investing News reports gold lost about 4% after G20 meet. “High gold prices and extreme volatility in prices are affecting us,” said Joy Alukkas, chairman of Joyalukkas Group, a leading India-based gold and diamond retail chain with 40 major outlets across the world. He said the March 2009 earnings of Joyalukkas Group had fallen [...]
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