Gas – Caza Oil & Gas Inc. (TSX:CAZ) announced that drilling has begun at its Forehand Ranch prospect, which is located in New Mexico. The well will be drilled to a total measured depth of about 11,929 feet. Caza also provided an update on its operations.
Nickel – RioZim (RTNR.ZI), a Zimbabwe mining group, has announced that they would raise a total of $40 million to renovate a nickel refinery and fund the expansion of its gold mining projects. Paul Markham, RioZim operations director is quoted saying: “We would want to have a senior partner … who would build and operate the station, we are [...]
Nickel – Hannans Reward Ltd (ASX: HNR) will restart its exploration of nickel sulphide at its Queen Victoria Rocks project. This project is 100% owned by the company, located at 30km west of Coolgardie in the Goldfields region of Western Australia. Hannans‚ Managing Director Damian Hicks is quoted saying; “Hannans has a suite of three excellent nickel sulphide projects, [...]
Nickel – Mincor, an Australian nickel-miner has confirmed that they will pursue the production at its flagship Miitel nickel mine, in Western Australia. Ramp up will start by June and is expected to be in full production by July of 2010. MD David Moore is quoted saying: “Not only does this increase the existing Miital ore reserves by more [...]
Nickel – Indonesia’s nickel producer, PT International Nickel Indonesia Tbk’s (Inco) (INCO.JK) Q1 profit surged up to 19,811 metric tonnes in matte production, deliveries, and average realized price as compared to 16,220 metric tonnes in Q1 of 2009. The press release is quoted as saying: Nickel in matte production rose to 19,811 metric tonnes in the first quarter, from [...]
Tin Investing News reports on the market forces picking on tin prices. The South African steel group, which has its origin in India, has agreed to cut tin-plat prices between 26 per cent to 30 per cent from September 30, 2009. The company maintains that the slashing of price is in line with an agreement [...]
Iron Investing News reports the global commodity market is bouncing back. BHP, the Anglo-Australian company’s involvement in the full range of mining, from iron ore to diamonds to coal, gives it a broad take on the overall state of the commodities market. Last November, BHP Billiton was forced to defer delivery of 6 million tonnes [...]
Platinum Investing News reports platinum price falls with the uncertainty with the automaker markets. In the current state of the economy, the auto industry is unable to lend support to platinum; but the metal may get some relief from rising safe haven appeal. Interest in platinum as a safe haven investment in tandem with gold [...]
Potash Investing News reports high potash stockpiles due to sluggish economy and global financial squeeze. Potash prices currently range from $750 to $850 per (US) tonne, according to USDA, with an average of $808. That’s more than $100 above fair value, according to Farm Futures pricing model. The latest North American data from The Fertilizer [...]
Gold Investing News reports gold has a bright future. A prominent hedge fund manager claimed recently that commodities could be in line for a major boom in the next 18 months, Forbes has reported. In India, the largest consumer of the yellow metal, the Bombay Bullion Association has confirmed India’s gold imports have surged in [...]
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