News around the world - 500 Beiträge pro Seite (Seite 36)

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CNOOC, Sinochem bidding for shares in Brazil oil field-CER/WSJ - May 13, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_13/CNOOC_S…

"Chinese oil companies CNOOC (CEO.NYSE, 0883.HK) and Sinochem (600500.SH) are separately bidding for shares in a large oil field in Brazil in which Statoil ASA (STO.NYSE, STL.OSE) is selling a 40% stake, the Wall Street Journal reported, citing sources who are familiar with the matter.

It was not specified whether the two Chinese companies are competing for the full 40% being sold, or if each is bidding for part of the Peregrino oil field offering. Norwegian state-owned Statoil ASA - which holds 100% of the shallow-water oil field - closed bidding and the outcome is expected soon. The potential CNOOC and Sinochem deals follow a series of recent Chinese oil and gas investments in Latin America, including a joint venture between CNOOC and Argentina's Bridas Energy and CNOOC's purchase of four Statoil offshore oil-field leases in the Gulf of Mexico last year. Peregrino is estimated to hold 500 million barrels of heavy oil in recoverable reserves. Statoil expects the oil field will start production early next year. "

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Corn futures hit two-month high with rising Chinese demand - CER/BB - May 13, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_13/Corn_fu…

"Corn futures rose 0.3% to US$3.7825 a bushel, a two-month high largely a result of increasing demand from China, Bloomberg reported. China is the world's second biggest consumer of corn in the world. The state-owned COFCO bought 300,000 metric tons of US corn on Tuesday, while the US Department of Agriculture also announced on April 28 that China purchased 115,000 tons for delivery from the US in the year ending August 31. Corn futures on the Chicago Board of Trade reached as high as US$3.85 a bushel on Wednesday, the highest level for a most-active contract since March 5. Though the commodity has dropped 8.7% this year, demand from China has improved the outlook. Adverse weather has delayed planting in China's main corn production areas, leading to speculation that the country will buy more U.S. corn, said Mike Zuzolo, president of Global Analytics and Consulting. "

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China approves banks' $42b fundraising proposal - CER/WSJ - May 13, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_13/China_a…

"China's cabinet has approved proposals by the country's four largest listed banks to raise a combined US$42 billion in additional financing from the securities markets, the Wall Street Journal reported, citing the National Business Daily.

The decision comes as Industrial & Commercial Bank of China (1398.HK), China Construction Bank (0939.HK), Bank of China (3988.HK) and Bank of Communications (3328.HK) have unveiled fundraising plans in recent months. China Construction Bank plans to raise US$10.9 billion, while Bank of Communications plans to raise US$6.1 billion by conducting rights issues in Shanghai and Hong Kong. The cabinet also approved ICBC's plans to raise up to US$10.2 billion, and Bank of China may raise up to US$14.6 billion. ICBC and Bank of China also announced earlier that the banks plan to sell convertible bonds in Shanghai and sell additional shares in Hong Kong. "

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China and South Africa bolster business links - CER/FT - May 13, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_13/China_a…

"The China Africa Development Fund and the Jidong Development Group plan to invest in the building of a US$220 million cement plant in South Africa, the largest Chinese investment in the country in two years, the Financial Times reported.

The agreement would forge a partnership between the two Chinese entities and Continental Cement, a local enterprise, and Women Investment Portfolio Holdings, a firm dedicated to empowering black women. The plant is aimed at compensating for South Africa's shortage of domestic building materials, partly due to the influx of infrastructure construction in the lead-up to the World Cup. China became South Africa's largest trading partner last year, while Beijing has been linking up with many of the resource-rich countries on the continent in recent years. China is expected to formally announce the investment on Friday. "

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China's FDI rises for ninth month to 25% - CER/BB - May 14, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_14/Chinas_…

"Foreign direct investment in China jumped for a ninth month, rising almost 25% in April from a year earlier, Bloomberg reported, citing state media.

Investment has jumped amid sustained economic expansion, as the nation's growth quickened to 11.9% in the first quarter. Land price discounts and expectations that the renminbi will appreciate may also lure more foreign investors. Meanwhile, the State Council announced last month preferential policies for land use and tax breaks to attract foreign investment into "encouraged categories", including renewable energy, high technology and service industries in central and western China. The government also increased the cap on foreign investment projects that local authorities can approve from its previous amount of US$100 million to US$300 million. Foreign-invested companies directly employed 45 million people in China, and accounted for 28% of China's industrial output and 56% of exports in 2009. "

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China Merchants Property cancels $585m share sale plans - CER/Reuters - May 14, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_14/China_M…

"China Merchants Property Development (000024.SZ, 200024.SZ) announced it has decided to shelve its US$585 million share sale plans on concerns about the recent slump in its stock price due to government tightening, Reuters reported. The developer unveiled plans earlier to sell up to 200 million shares at no less than US$4.12 (RMB28.12) a share to select institutional investors, then downgraded the price target to RMB20.6 because of falling share prices. The prolonged price slump forced China Merchants to give up its share placement scheme, the company said in a statement to the Shenzhen Stock Exchange. The developer's decision comes amid weakening stock markets in the region. Recently, Swire Properties pulled its US$2.7 billion listing in Hong Kong, while China's New Century Shipbuilding also withdrew its Singapore IPO this month. "

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E-commerce giant Alibaba.com reports 34% profit - CER/Reuters - May 14, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_14/E-comme…

"China's largest e-commerce company Alibaba.com (1688.HK) reported its best profit in a year, stating on Thursday that its first-quarter net profit rose 34% to US$48.3 million from US$36.1 million a year earlier, Reuters reported.

The results were well above the US$33.3 million analyst forecast. Total revenue grew 49.3% to US$178.6 million, while deferred revenue and customer advances for the quarter rose 43.6%. The increase of paying members, up 36.8% for the first quarter, and expectations that more users will use its value-added services this year have helped boost the company. Alibaba.com, the listed unit of Alibaba Group, recently launched a new website platform AliExpress and joined up with former rival Ebay's (EBAY.NASDAQ) unit PayPal to provide e-payment services. The Chinese firm said it is also looking for investment opportunities in the US and India. "

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China to open state-controlled sectors to private firms - CER - May 14, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_14/China_t…

"China announced yesterday it will open a number of government-run industries to the private sector, including water projects, power generation, mining and logistics, state media reported.

Private firms will be permitted to invest in existing companies or establish new firms. The report also said that China plans to improve financing services and simplify administrative procedures for private firms' involvement in the currently state-owned industries. In March, the State Council also said it would open up the sectors of education, welfare, transport infrastructure, telecommunications and energy, public utilities, scientific and technological programs for national defence, affordable housing construction and cultural industries. The report also encouraged private companies to boost overseas investment and international operations outside China, in order to develop leading Chinese brands and multinational corporations. "

[Popeye82]

Nissan eyes China expansion - CER/WSJ - May 14, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_14/Nissan_…

"Nissan Motor (7201.TYO) announced it will expand its annual capacity in China to one million vehicles from 670,000 by the fiscal year ending March 2013, as it looks to catch up to its competitors in the world's largest car market, the Wall Street Journal reported.

While China is crucial for Nissan's profitability, the carmaker has struggled to keep pace with the country's surging auto demand. In its fiscal fourth quarter which ended March 31, Nissan said its China sales rose 48% from a year earlier , but was slower than the 58% growth in the overall market because of Nissan's limited capacity. Nissan is targeting a 14% sales rise in China to help meet its record global sales target of 3.8 million vehicles. Nissan's president and chief executive, Carlos Ghosn, said the company will first evaluate growth in China this year and then make decisions on further expansion. "

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China invests $803m in Canadian oil sands project - CER/BB - May 14, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_14/China_i…

"China Investment Corporation has agreed to invest about US$803 million for a 45% stake in a new oil sands venture with Canada's Penn West Energy Trust (PWE.NYSE, PWT.UN.TSX), Bloomberg reported.

The Chinese sovereign wealth fund will pay US$305.4 million up front and US$494.3 million of Penn West's future expenses. Penn West will contribute US$1.75 billion in assets to the venture, which will develop 237,000 acres of oil sands properties in northern Alberta, the location of the world's largest crude deposits outside Saudi Arabia. CIC also signed a deal to purchase more than 23.5 million Penn West units, representing a 5% stake in the trust, for an estimated US$425 million. CIC announced last year it had US$110 billion for overseas investments and it would focus on commodities and property as protection against rising inflation. State-run Chinese companies spent a record US$32 billion last year acquiring overseas resources as the country's oil demand rose. "

[Popeye82]

Illinois deep in debt, doesn’t pay bills; Crisis pushes businesses, organizations to edge of bankruptcy - MSNBC/AP, SPRINGFIELD - May 13, 2010

- Christopher Wills -
www.msnbc.msn.com/id/37136518/

[Popeye82]

"Patente und Handelspolitik in Zeiten des Klimawandels" - DB Research - May 12, 2010

Unsere wichtigsten Aussagen:

+ Die Forderung nach Patentfreiheit für grüne Technologien einerseits sowie der Ruf nach Handelsbarrieren andererseits lassen den tiefen Graben zwischen Entwicklungs- und Industrieländern erkennen:

+ In den jüngsten Klimaschutzdiskussionen wurde eine Aufhebung des Patentschutzes für Klimatechnologien gefordert, um diese Technologien schneller in den ärmeren Staaten auszuweiten.

+ Der Patentschutz gilt im auf Privateigentum basierenden Wirtschaftssystem allerdings als wichtige Voraussetzung für Innovationen und sollte auch in diesem Technologiebereich nicht zur Disposition stehen.

+ Ebenso sind Forderungen einiger Industrieländer nach Klimazöllen oder ähnlichen Handelsbarrieren gegenüber Staaten mit wenig ambitionierter Klimapolitik abzulehnen. Sie würden voraussichtlich Gegenreaktionen nach sich ziehen und die Anstrengungen der Länder im Klimaschutz dämpfen.

+ Sowohl für die Frage des Patentschutzes als auch für die Handelspolitik gibt es ähnliche Lösungsansätze, die zu besseren Ergebnissen führen dürften als die skizzierten Forderungen nach einem Ende des Patentschutzes bzw. nach Klimazöllen. So könnte ein Technologietransfer über Klimafonds finanziert werden, der von Industrieländern gespeist wird. Um Wettbewerbsverzerrungen und Produktionsverlagerungen in Länder ohne ambitionierte Klimapolitik zu vermeiden, könnten (temporäre) Ausnahmeregelungen von klimapolitischen Vorgaben für bestimmte Wirtschaftszweige eine sinnvolle Alternative sein. ...
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

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Time to Downgrade U.S. Debt; Martin Weiss says it's time to take Uncle Sam's AAA rating away - ML/Forbes - May 5, 2010

- Matthew Craft -
www.forbes.com/2010/05/10/rating-debt-us-greece-markets-bond…

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U.S. Plans Law to Prevent Banks Betting Against Clients; Banks could be prevented from taking the “other side” of investments that they create for clients, as the Goldman Sachs fraud allegations continue to reverberate on Wall Street - TO - May 11, 2010

- Christine Seib -
http://business.timesonline.co.uk/tol/business/industry_sect…

"Banks could be prevented from taking the “other side” of investments that they create for clients, as the Goldman Sachs fraud allegations continue to reverberate on Wall Street.

Senators who accused Goldman last month of “betting against its customers” yesterday revealed new legislation that would stop banks from holding a proprietary short position on investments in which they acted as a securities underwriter.


Carl Levin, a Michigan Democrat, said the interests of Wall Street banks were not aligned with their clients on too many transactions. “Maybe we can’t stop the extreme greed that lies behind these conflicts but we can act to end the conflicts which have allowed big payoffs,” he said.

At a Senate sub-committee hearing last month, Goldman executives were excoriated by Senator Levin for selling investors a mortgage-backed product that one of the bank’s own senior staff described as “shitty”.

The product, called Timberwolf 1, lost 80 per cent of its value just five months after it was created. Goldman, which bought insurance on some of the mortgages in Timberwolf, profited from those deals.

Senator Levin, who co-sponsored the Bill — which was revealed yesterday — believes that Goldman should have told investors that it intended to bet with its own money that the mortgages in Timberwolf 1 and other deals would default.

“[Goldman] profited by taking advantage of its clients’ reasonable expectation that it would not sell products that it didn’t want to succeed, and that there was no conflict of economic interest between the firm and the customers it had pledged to serve,” Senator Levin said.

Goldman says that it acted appropriately and that it was merely creating products to meet demand from clients.

The senators’ legislation seeks to prevent what politicians believe are conflicts of interest inherent in banks’ roles as securities underwriters, where they create products to be sold, and even as market makers, where they match buyers and sellers of products.

In both instances banks sometimes take a proprietary position in the deals.

Senator Levin’s Bill applies only to underwriters, but other senators are pushing for tougher rules that would introduce a fiduciary duty for market makers to ensure that all trades were in clients’ best interests.

However, securities lawyers warn that such a rule would make it difficult for banks to hedge their risks or provide liquidity in the market. Scott Meyers, a partner at the law firm Ulmer & Berne, said: “You’d have substantial illiquidity in the market; prices would go up substantially.”

The new legislation, which was tabled as an amendment to the financial reform Bill being debated in the Senate, also strengthens the so-called Volcker rule — already incorporated in the Bill — which would restrict proprietary trading and ownership of hedge funds by bank holding companies.

The Senators’ campaign was given impetus last month when the Securities and Exchange Commission charged Goldman with securities fraud over the creation of Abacus, a synthetic collateralised debt obligation that caused clients to lose $1 billion. In this case, Goldman sold the short side of the deal to a hedge fund, Paulson.

In a quarterly filing to the SEC yesterday, Goldman warned that if the SEC won its case, the bank may be unable to operate as a broker-dealer or to do some kinds of investment advisory work.

This was a reference to “bad boy” provisions in US securities law that prevent companies with findings against them from working in certain areas of financial markets. If it loses or settles the fraud case, Goldman would need to get a waiver from the SEC to continue its business.

Goldman, which is believed to be in settlement talks with the SEC, also said that its legal costs could cut into profits. Estimates of the cost of the case have ranged from $1 billion to as much as $5 billion.


Exchanges unite to prevent wild fluctuations

The heads of the leading US stock exchanges have agreed in principle to adopt a uniform system of “circuit breakers” to slow down trading across all exchanges simultaneously during periods of high market volatility.

The agreement, brokered by the chairman of the Securities and Exchange Commission follows the unexplained plunge in share prices that shook markets last Thursday. It involves six exchanges, including NYSE Euronext, Nasdaq OMX, the Chicago Board Options Exchange, the International Securities Exchange. BATS Global Market and Direct Edge, which both specialise in electronic trading, are also party to the agreement.

A spokesman for Mary Schapiro said: “The parties agreed on a structural framework, to be refined over the next day, for strengthening circuit breakers and handling erroneous trades.” At one point on Thursday afternoon the Dow Jones Index fell nearly 1,000 points, just short of a 10 per cent decline from Wednesday’s close, before recovering to 328 points down by 3pm.

All the exchanges have looked at computerised trades to determine what triggered the sell-off. No obvious technical issues or system errors have been discovered. The NYSE and Nasdaq have similar circuit breakers, but because the trigger for these varies between exchanges, markets could be disrupted if only some of them slow trading, as happened on Thursday.

Ms Schapiro and Gary Gensler, the chiarman of the Commodity Futures Trading Commission, were due to brief Timothy Geithner, the Treasury Secretary, on the matter yesterday afternoon. The Congressional Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, announced it would hold its inquiry today. "

[Popeye82]

Morgan Stanley Buys Back TARP Warrants at Big Discount; A new report from a federal bailout watchdog reveals that a top Treasury official told executives at Morgan Stanley (MS, Fortune 500) how much it would cost the giant bank to repurchase the warrants it issued to the government following its October 2008 rescue - ML/CNNM - May 11, 2010

- Colin Barr -
http://money.cnn.com/2010/05/11/news/sigtarp.fortune/index.h…

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Responsible Investments: Mehr als eine Modeerscheinung - DB Research - May 17, 2010

- Der Markt für Responsible Investments (RI) ist in den letzten Jahren stark gewachsen. Mit steigendem Interesse institutioneller und privater Investoren wächst der Druck auf Unternehmen und Staaten, sich an sogenannten ESG-Kriterien (Environmental, Social and Governance Issues) zu orientieren. Dadurch unterstützt der Markt für RI die Entwicklung eines nachhaltigeren Wirtschaftssystems. Mittelfristig wird sich der Wachstumstrend bei RI – insbesondere in Europa – fortsetzen. Handlungsbedarf besteht hinsichtlich der Entwicklung verlässlicher Standards und einheitlicher Definitionen. ...-
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

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Altius Reports on Plans for 2010 Iron Ore Exploration Projects - May 17, 2010
www.marketwire.com/press-release/Altius-Reports-on-Plans-for…

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Erdene Provides First Quarter Project Updates and Financial Results - May 17, 2010
www.marketwire.com/press-release/Erdene-Provides-First-Quart…

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US Obama Administration Urges End to Use of Congo Conflict Minerals - AP, WASHINGTON - May 14, 2010

- by Matthew Lee -
http://news.yahoo.com/s/ap/20100514/ap_on_go_pr_wh/us_us_con…

"WASHINGTON – The Obama administration is pressing American industries to end the use of so-called conflict minerals that are fueling violence in eastern Congo.


At a meeting at the State Department on Friday, U.S. officials met with representatives of electronics, automotive and other companies whose products contain tungsten, tin, tantalum and gold.

The department said they discussed ways to ensure the companies' products do not contain minerals illicitly mined in the eastern Democratic Republic of Congo, or DRC.

"We are working towards the common goal of ending the use of conflict minerals from the DRC," said Under Secretary of State Robert Hormats.

U.S. officials and rights groups say armed militias in eastern Congo are forcing villagers to extract the minerals. They say profits are used to purchase weapons and extend the cycle of violence that has ravaged the region for more than a decade.

Friday's meeting was part of a larger administration effort to help manufacturers avoid using conflict minerals. "

[Popeye82]

[BTU] Initial JORC Resource for Buller Coal Project - Australianinvestor - 17-May-2010
http://www.australianinvestor.com.au/news.asp?id=37974
www.stocknessmonster.com/news-item?S=BTU&E=ASX&N=491360

"Bathurst Resources Ltd has announced an initial JORC resource of 7.3 million tonnes of coal for the first stage of its Buller Coal Project in New Zealand.

As part of Bathurst’s Definitive Feasibility Study (DFS) for the Buller Project, the company has implemented a two stage exploration program.

The first stage, which has now been completed, focused on Escarpment, the area targeted for first coal production in the Denniston Sector, with five to seven years of mine life.

Four holes totalling 215 metres were drilled bringing the total to 66 holes drilled on Escarpment.

The drilling also showed good continuity both of seam width and coal quality.

The quality of these results gives Bathurst greater confidence that the Initial JORC Resource will be converted into Reserves as part of the DFS. The DFS is anticipated to be completed in Q3 2010. "

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Brazil Gold to Accelerate Exploration Program at Manicore - May 17, 2010
www.marketwire.com/press-release/Brazil-Gold-to-Accelerate-E…

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BP provides update on Gulf of Mexico Oil spill response - OR - 5/17/2010
www.ocean-resources.com/industry-news.asp?newsid=8790

"BP today provided an update on developments in the response to the MC252 oil well incident in the Gulf of Mexico.
Subsea Source Control and Containment
Subsea efforts continue to focus on progressing options to stop the flow of oil from the well through interventions via the blow out preventer (BOP), and to collect the flow of oil from the leak points. These efforts are being carried out in conjunction with governmental authorities and other industry experts.

The riser insertion tube tool (RITT) containment system was put into place in the end of the leaking riser on May 16. Operations began during the day to allow oil and gas to flow through the tool up to the drillship Discoverer Enterprise on the surface 5,000 feet above. Produced oil is being stored on the drillship while produced gas is being flared. It is expected that it will take some time to increase the flow through the system and maximise the proportion of oil and gas flowing through the broken riser that will be captured and transported to the drillship.

The RITT is a fabricated from 4-inch diameter pipe, fashioned to allow one end to be inserted into the broken riser pipe that is the source of the main oil flow from the MC252 well, and the other to be connected to a drill pipe and riser from the Discoverer Enterprise. The RITT allows the injection of methanol to mitigate against the formation of gas hydrates.
This remains a new technology and both its continued operation and its effectiveness in capturing the oil and gas remains uncertain. Other containment options continue to be progressed.

BP also continues to develop options to shut off the flow of oil from the well through interventions via the well’s failed BOP.

Plans continue to be developed for a so called “top kill” operation where heavy drilling fluids are injected into the well to stem the flow of oil and gas, followed by cement to seal the well. Options have also been developed to potentially combine this with so-called “junk shot”, the injection under pressure of a variety of materials into the BOP to seal off upward flow. Plans for deployment of these options are being progressed with the possibility of deployment in the next week or so.

Work on the first relief well, which began on May 2, continues. The DDII drilling rig began drilling the second relief well on May 16. Each of these wells is estimated to take some three months to complete from the commencement of drilling.
Surface Spill Response and Containment
Work continues to collect and disperse oil that has reached the surface of the sea. Over 650 vessels are involved in the response effort, including skimmers, tugs, barges and recovery vessels.

Intensive operations to skim oil from the surface of the water have now recovered, in total, some 151,000 barrels (6.3 million gallons) of oily liquid. The total length of boom deployed as part of efforts to prevent oil reaching the coast is now almost 1.7 million feet, including over 400,000 feet of sorbent boom.

In total over 19,000 personnel from BP, other companies and government agencies are currently involved in the response to this incident. So far 15,000 claims have been filed and 2,600 have already been paid. BP has also received almost 60,000 calls into its help lines.

Further information:

BP Press Office London [phone]
BP Press office, US: [phone]
U.S. Coast Guard Joint Information Center 985-902-5231
www.deepwaterhorizonresponse.com
www.bp.com/gulfofmexico "

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Canada Grills BP over Arctic - OR/UO - 5/17/2010
www.ocean-resources.com/industry-news.asp?newsid=8793

"Exasperated Canadian legislators grilled the head of BP’s Canadian unit today, concerned about the risks of the company's plans to drill in Arctic waters after the catastrophic Gulf of Mexico oil spill.


But Anne Drinkwater, president of BP Canada, offered few answers at a hearing at Parliament's Standing Committee on Natural Resources on the safety of drilling in the Far North.

Drinkwater, who has also run BP operations in Indonesia, Angola and Norway, declined to answer technical questions and said she had not compared Canadian and US drilling regulations, straining the credulity of some on the committee.

"You'd think coming to a hearing like this that British Petroleum would have as many answers as possible to assure the Canadian public. We got nothing today from them," Nathan Cullen of the left-leaning New Democrats, said in a Reuters report.

"I was very disappointed. I think British Petroleum is going to have to do a lot better job if they want to drill in Canadian waters," Cullen told reporters afterward.

Larry Bagnell of the Liberals, after asking Drinkwater to compare regulations in Canada and the United States, said: "I thought she didn't have answers to a lot of questions ... I was asking for a very simple answer."

Critics say an oil blowout in the Canadian Arctic would be much worse than the current Gulf disaster, given the ice, severe weather conditions and the lack of infrastructure in one of the world's most remote regions.

In 2008, BP paid C$1.2 billion ($1.8 billion) for rights to explore three parcels in Canada's Beaufort Sea, north of the Arctic Circle.

It has yet to announce plans to drill in the region but shortly before the US disaster, BP and other oil companies urged Canadian regulators to drop a requirement stipulating that companies operating in the Arctic had to drill relief wells in the same season as the primary well.

Cullen argued the companies had made this request because drilling a relief well within the required time limit would be too expensive, given the difficult Arctic conditions.

"It's not a question of cost," said Drinkwater.

"Your submission does say it's a question of cost. ... You cite money because you're concerned about money," retorted Cullen, reading from a BP document filed with the NEB, then listing recent disasters BP had been involved in.

Drinkwater - who said BP was not rejecting the option of a relief well - declined to answer reporters' questions following the hearing.

Canadian governments and regulators are reassessing the country's preparedness for an offshore disaster following the 20 April explosion of the Transocean semi-submersible rig Deepwater Horizon.

The explosion killed 11 workers and triggered what could prove to be the worst US oil spill if the crude keeps spewing unchecked into the Gulf.

The National Energy Board, Canada's federal oil and gas regulator, launched a review of Arctic safety and environmental drilling requirements this week and canceled hearings into the relief well issue. NEB chief executive Gaetan Caron said it was too early to say what the review might conclude.

Asked whether a similar accident could happen in the Arctic, Caron replied: "No safety regulator can possibly say that an accident will never happen."

Provincial governments are also reviewing offshore drilling regulations.

The government of Nova Scotia today extended a moratorium on oil and gas exploration on the Georges Bank, an important fishing region, by three years to the end of 2015.

The government of Newfoundland is also launching a review of offshore safety practices, though it said it is satisfied with the current level of environmental protection practiced by the industry.

Chevron earlier this week began drilling a deepwater well in the Orphan basin off the province. "

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Gulf Spill Caused by a Cascade of Human and Tech Errors - OR/AP - 5/17/2010
www.ocean-resources.com/industry-news.asp?newsid=8795

"A series of human and mechanical failures likely caused last month's deadly offshore rig explosion and an undersea oil gusher that could be the worst U.S. environmental disaster, according to data gathered by congressional investigators and reviewed by experts.


On April 20, at about 9:53 p.m. CDT, Swiss-based Transocean's Deepwater Horizon rig exploded while it was drilling a well 1.5-kilometres beneath the Gulf of Mexico under contract for London-based BP. Eleven rig workers are presumed dead.

Hours before the explosion, set off by flammable methane gas that surged up the drill pipe, forces were already in motion on the drill deck and beneath the ocean surface that opened the door to catastrophe.

"There was a series of failures -- human and mechanical," said Satish Nagarajaiah, professor in civil and mechanical engineering at Rice University in Houston. "This was the perfect storm."

According to information from BP, Transocean, and rig contractor Halliburton Co. gathered by investigators from the House Energy and Commerce Committee, rig workers pressed ahead to put the finishing touches on the well despite potentially alarming test results that signaled a buildup of gas pressure deep in the well's reservoir.

And on the ocean floor, a 450-ton series of valves and pipes called a blowout preventer -- meant to be the last line of defence in the event of a blowout -- was disabled after being significantly modified.

"This catastrophe appears to have been caused by a calamitous series of equipment and operational failures," Representative Henry Waxman, chairman of the committee, said at a hearing on the spill.

Drilling an oil well deep into the earth involves waging a delicate battle against a torrent of highly pressurized oil and methane gas unleashed when a hydrocarbon reservoir is penetrated.

To prevent an uncontrolled release of oil and gas, known as a blowout, the industry has developed multiple systems to hold at bay the extreme pressures within the well.

On the Deepwater Horizon, three of those systems -- the blowout preventer, the metal casing within the well and the cement that held it in place -- all likely failed, according to testimony from company officials and data gathered by investigators from the House Energy and Commerce Committee. Well pressure tests should have alerted officials that something was wrong.

But according to Mr. Waxman, workers performed additional tests and at 8 p.m. CDT "company officials determined that the additional results justified ending the test and proceeding with well operations."

"I'm a little shocked that they proceeded at that point," said Philip Johnson, a petroleum engineering professor at the University of Alabama.

Once the well exploded, rig workers tried to activate the blowout preventer on the ocean floor, designed as a fail-safe to choke off the well.

But officials from Cameron International Corp, which manufactured the device, told committee staff that a key hydraulic system meant to supply emergency power was disabled. "

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Giant Wind Turbine Test Takes a Heavyweight; NREL's 2.5-megawatt dynamometer picks on a wind turbine its own size in largest U.S. drive-train test ever - NREL - May 18, 2010
www.nrel.gov/features/20100517_wind.html




- A coupling of giants: Samsung's 2.5-megawatt wind turbine drive train meets the National Wind Technology Center's 2.5-megawatt dynamometer. Samsung's drive train weighs 90 tons and is the brains behind its 2.5-megawatt wind turbine that can supply electricity to 1,800 homes.
Credit: Rob Wallen -

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FedEx Auto Transport Selects Blackline GPS to Deliver Unique Fleet Tracking Solution Company-Wide - May 18, 2010
www.marketwire.com/press-release/FedEx-Auto-Transport-Select…

[Popeye82]

Geodex Announces Metallurgical Program for Sisson Brook - May 18, 2010
www.marketwire.com/press-release/Geodex-Announces-Metallurgi…

[Popeye82]

Cream Minerals Signs Letter of Intent on High Grade Silver-Base Metal Property - May 18, 2010
www.marketwire.com/press-release/Cream-Minerals-Signs-Letter…

[Popeye82]

Linc Energy - breaks new ground with UCG Oxygen Injection - May 19, 2010
www.stocknessmonster.com/news-item?S=LNC&E=ASX&N=220753

[Popeye82]

Consolidated Thompson Completes Feasibility Study to Increase Production From 8.0 to 16.0 Million Tonnes of Iron Ore Concentrate Per Year at the Bloom Lake Project - May 19, 2010
www.marketwire.com/press-release/Consolidated-Thompson-Compl…

[Popeye82]

AuEx Ventures, Inc.: Long Canyon Gold Resource Grows - May 19, 2010
www.marketwire.com/press-release/AuEx-Ventures-Inc-Long-Cany…

[Popeye82]

Abhängigkeiten im Außenhandel &wirtschaftliche und politische Anfälligkeiten der BRIC-Länder - DB Research - May 19, 2010

- Was die Offenheit ihrer Volkswirtschaft angeht, sind China und Russland dem internationalen Handel stärker ausgesetzt, können aber bei Wirtschaftswachstum und Wohlstand auch stärker profitieren als Brasilien und Indien. Zweifellos ist China in Bezug auf Protektionismus und den Zugang zu strategisch wichtigen Rohstoffen ungeachtet seiner starken Auslandsposition am anfälligsten. Die Sicherung eines offenen Handelssystems und die Schaffung gleicher Wettbewerbsbedingungen für ausländische Direktinvestitionen (level playing field) wird daher ein zentrales Element der chinesischen Wirtschaftsdiplomatie bleiben... -
www.dbresearch.de/MAIL/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Schuldenbremsen für Euroland: Mit nationalen Schuldenregeln den Stabilitätspakt stärken - DB Research - May 19, 2010

- Die Euroländer müssen ihre Staatsverschuldung drastisch senken und dabei neue Wege gehen. Die deutsche Schuldenbremse ist ein intelligentes Konzept zur langfristigen Senkung der Staatsverschuldung, das auch an die Bedingungen anderer Euroländer angepasst werden könnte. Nationale Schuldenbremsen könnten die Staatsverschuldung langfristig senken, ohne die Wachstumsperspektiven der Euro-Volkswirtschaften zu gefährden. ...-
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Sustainable Energy Announces Distribution Agreement With Conergy for Ontario; First project in partnership between Sustainable Energy and Conergy to deliver 3 MW of solar power to Ontario in 2010 - May 19, 2010
www.marketwire.com/press-release/Sustainable-Energy-Announce…

[Popeye82]

Spur Ventures Announces Extension of the Shukongping Mining License - May 19, 2010
www.marketwire.com/press-release/Spur-Ventures-Announces-Ext…

[Popeye82]

Iran's uranium enrichment program: the next chapter - U3O8.biz - May 19, 2010

- Dave Brown -
www.u3o8.biz/s/MarketCommentary.asp?ReportID=400620&_Type=Ma…

[Popeye82]

Mindoro Agata Project Drilling Intersects Thick, High-Grade Nickel Laterite - May 19, 2010
www.marketwire.com/press-release/Mindoro-Agata-Project-Drill…

[Popeye82]

Carbon Market News - May 19, 2010
www.pointcarbon.com


"Today's headlines

*Senate climate bill scoring underway: CBO
*New Mexico unveils state ETS plans
*Senate bill’s trading restrictions under fire
*US supports UN climate process: Stern
*EUAs edge up
*Japan’s lower house approves climate bill
*EU needs rethink on post-2012 allocation: study
*UN panel proposes CDM loan scheme
*UN text opens door for new markets
*Czech thermal power up in Q1
*EU ETS emissions down 11.6% in 2009
*Ukraine says AAU cash not missing: Japan
*Japan to launch fast-track MRV mechanism
*NZ proposes agricultural exemptions from ETS "

[Popeye82]

MONGOLIA – Heruga resource boosted; An updated inferred mineral resource estimate for the Entrée Gold and Ivanhoe Mines’ Heruga deposit in southern Mongolia shows the joint venture property now contains 910 million tonnes grading 0.48% copper, 0.49 grams/tonne gold and 141 ppm molybdenum - ASIA Miner - May 19, 2010
www.asiaminer.com/magazine/latest/6-mongolia-heruga-resource…

[Popeye82]

INVESTMENT – Cairn Hill on fast track; IMX Resources and Sichuan Taifeng are accelerating development of the Cairn Hill Magnetite-Copper-Gold Project in South Australia - ASIA Miner - May10
www.asiaminer.com/magazine/latest/9-investment-cairn-hill-on…

[Popeye82]

Alberta oilsands become largest U.S. supplier of crude in 2010: Report - OR/CG - 5/19/2010
www.ocean-resources.com/industry-news.asp?newsid=8804

"If the oilsands were a country, they would be the largest source of crude oil to the United States, according to a new report by a leading American energy think-tank.


Canada has long been a top oil supplier to its southern neighbour, but 2010 will mark the first time oilsands production will account for the lion's share of U.S. imports of petroleum and refined products, according to the report prepared by Massachusettsbased Cambridge Energy Research Associates. Oilsands could eventually account for 20 to 36 per cent of U.S. supply by 2030, the report notes.

"The fact that oilsands by themselves -- were they a country -- are set to become the largest single source of U.S. crude oil imports this year, emphasizes the importance they have attained as a supply source for the United States," Daniel Yergin, IHS CERA chairman and Pulitzer Prize-winning author of The Prize, said in a news release. "It also shows how integrated Canada and the United States are in terms of energy, as in their overall economies."

The study is the first in a four-part series that will look at the oilsands and factors such as econ omic and environmental policies that could influence development of the world's second-largest oil reserves.

Oil demand in the U.S. peaked in 2005, but it will remain the world's largest consumer over the next two decades, the report notes. That in turn will allow oilsands to assume a larger portion of the country's energy mix.

The oilsands would offset reduced supplies from traditional suppliers like Venezuela, Mexico and Saudi Arabia.

The findings come as the American government prepares to begin debates on energy and climate change bills working through the Senate and Congress that some say could penalize "dirty" oilsands exports from Alberta.

On May 12 Senators John Kerry and Joe Lieberman introduced the 987-page American Power Act, which sets out hard caps to reduce greenhouse gases and limit industrial emissions.

Although there are no specific provisions in the bill aimed directly at oilsands imports, Danielle Droitsch, the Pembina Institute's director of U.S. policy based in Washington D.C., said there are cross-border measures designed to keep American companies on a level playing field with countries that have lower emissions standards, or importing products from them, to prevent what she termed "carbon leakage."

The American petroleum and refining industries would be exempt from reducing emissions until 2016, after which they would be required to pay for carbon offsets that could make it more expensive to process heavier oils such as bitumen and oilsands crude.

The big risk is if countries like Canada fail to make significant headway in reducing its own emissions, which could leave it vulnerable to punitive retaliation. Droitsch said there's also a danger if the oilsands are seen to be given special treatment or a "pass" under any Canadian emissions reduction strategy that would exclude energy production from a hard cap.

"There's direct and indirect implications for Canada," she said in an interview. "There's nothing in it (the Kerry-Lieberman bill) that specifically targets oilsands, but we need to address that issue. It's the elephant in the room. To me, the greater risk is to ignore it."

Greg Stringham, vice-president of markets and oilsands for the Canadian Association of Petroleum Producers, said Environment Canada stats show producers have reduced emissions intensity per barrel by 39 per cent since 1990, but acknowledged more work will have to be done to improve environmental performance.

"It's very early in the U.S. process and unclear how and when this bill will move through their system. However, it is clear that Canadian crude is a very important and growing part of U.S. energy supply. Our focus will remain on continuing to improve environmental performance, including greenhouse gas emissions," he said. "It will be important to find alignment as both countries advance policies in this area."

The CERA report suggested the total "wells-to-wheels" emissions from oilsands-derived crude are about five to 15 per cent higher than the average of oils produced in the U.S., but said comparisons can be misleading.

In addition to greenhouse emissions, the report noted concerns with land reclamation and water use as potential stumbling blocks to further development.

Although government regulation of oilsands is "as robust" as other parts of the world, it acknowledged high growth rates will require further technological advancements to reduce environmental impacts. Cooperation between the Canadian and U.S. governments and the private sector will be "crucial" to continued development, the report found.

Report author Jackie Forrest, CERA's director of global oil, said subsequent studies will look at the impact of government policies on oilsands. Likewise, subsequent research will attempt to quantify the environmental impacts of oilsands against other supply sources like the deepwater, where a blowout is currently pumping 5,000 barrels a day into the Gulf of Mexico.

However, she said oilsands production compares favour-ably on an economic and environmental basis to other costly supply sources such as deepwater and even coal-to-liquids technology that produces fuel from coal seams.

"The oilsands do have a larger environmental footprint on some accounts," she said. "But we think the gap can be narrowed."

[e-mail]

© Copyright (c) The Calgary Herald "

[Popeye82]

U.S. vows tough rules for offshore drilling - OR/G &M - 5/19/2010
www.ocean-resources.com/industry-news.asp?newsid=8805

"The U.S. Interior Department has identified a number of additional safety measures that oil companies will have to adopt as it prepares to reopen the offshore Gulf of Mexico for new exploratory drilling, Interior Secretary Ken Salazar said Tuesday.


At a Senate hearing in Washington, Mr. Salazar acknowledged that the industry and its regulators had become complacent after drilling thousands of offshore wells without major problems over the past decades.

He vowed to impose tough new regulations, which could drive up the already hefty cost of drilling in deep water, where companies have increasingly migrated in search of new reserves.

Already facing criticism for its plans to open new offshore areas for drilling, the Obama administration is seeking to reassure Americans that BP PLC’s disastrous Deepwater Horizon blowout was preventable, and that it will impose new regulations on the industry to ensure such an accident does not happen again.

“Offshore drilling is a necessary part” of the U.S. energy future, Mr. Salazar told a Senate committee hearing into the blowout.

“As we evaluate new areas for potential exploration and development, we will conduct thorough environmental analysis and scientific study, gather public input and comment, and carefully examine the potential safety and spill risk considerations.”

He cautioned against an over-reaction, pointing to a 30-year hiatus that the nuclear industry endured after the Three Mile Island accident. Mr. Salazar said the U.S. can’t afford to shut down the offshore, which is the source of 30 per cent of its domestic oil supply.

The cabinet secretary said federal scientists are working with BP engineers on the best way to cap the well and back the company’s plan to attempt a “dynamic kill” or “top kill” – in which it would attempt to seal the well by shooting heavy drilling fluid into it at high pressure. It will be a week or so before the company is ready to proceed with that effort.

Meanwhile, BP said a riser insertion tube has cut the crude flow by as much as 40 per cent, by siphoning off 2,000 barrels per day of oil on to a waiting drill ship on the surface. A BP spokesman said the company is using a government estimate of 5,000 barrels per day of oil gushing from the destroyed well, though some scientists say the amount may be much higher.

There are growing fears that oil pollution will soon reach southern Florida, and from there, may foul beaches and wetlands along the Atlantic coast, due to prevailing currents.

Mr. Salazar said he will submit an initial report to the president next week, and it will contain a series of recommendations for new regulations, including tougher standards for blowout preventers – the massive valves that are supposed to shut down a well in the event of an accident.

The industry could also face more prescriptive rules on operating a drill rig in light of evidence that officials from BP and its drill platform operator, Transocean Ltd., had disagreed on how to respond to negative pressure reading just hours before the explosion that caused the blowout and killed 11 men.

Mr. Salazar denied reports that Washington has allowed companies to begin drilling as many as a dozen wells after the April 28 blowout. While approvals may have been granted, all new activity was halted pending his initial safety report to the president.

In contrast, Newfoundland and Labrador allowed Chevron Corp. to commence drilling in the deep water of the Orphan Basin off its coast, despite concerns that U.S. investigators had not determined the cause of the BP accident.

(The Globe and Mail) "

[Popeye82]

Blackline GPS Officially Launches the Young Driver Report Card Program Throughout North America - May 20, 2010
www.marketwire.com/press-release/Blackline-GPS-Officially-La…

[Popeye82]

NREL Study Shows Power Grid can Accommodate Large Increase in Wind and Solar Generation; Increased Coordination Over Wider Areas and More Frequent Scheduling Needed; Wind and Solar Significantly Reduce Carbon and Fuel Costs - Thursday, May 20, 2010
www.nrel.gov/news/press/2010/846.html

[Popeye82]

Report: No proof wind turbines are bad for health - OR/VS - May 21, 2010
www.ocean-resources.com/industry-news.asp?newsid=8816
www.vancouversun.com/health/proof+wind+turbines+health+repor…

"TORONTO — There is no proof that wind turbines are hazardous to your health, according to a report released Thursday by Ontario's top doctor.


The report, titled "The Potential Health Impact of Wind Turbines," examined academic literature, government reports and studies in scientific journals on the green energy source dating back to the 1970s.

The studies — which came from Canada, the U.K., Ireland, Italy and the United States — found no evidence that wind turbines led to negative health effects.

"According to the scientific evidence, there isn't any direct causal link between wind turbine noise and adverse health effects," said Dr. Arlene King, Ontario's Chief Medical Officer.

King notes in the report that research from 42 sources does not support claims by people near wind turbines who report dizziness, headaches and sleep deprivation. Furthermore, the study said, the noise coming from the turbines isn't loud enough to cause hearing impairment or any other health effect.

In the last few years, the Ontario government has supported wind-turbine use as a viable alternative to other energy sources in its effort to phase out Ontario's dependency on coal.

"We do know that other technologies that enable us to have energy like coal fire plants, does have a known negative impact on human health, particularly on respiratory and cardiovascular disease," said King.

The province currently has 690 wind turbines.

Wind-turbine developments also figure in the energy plans of most provinces and territories in Canada.

Wind energy has been controversial from the offset, with much of the criticism coming from residents who complain of high noise levels, potential exposure to electromagnetic fields, shadow flicker that may cause seizures in epileptic patients, safety concerns about dislodged ice thrown from the blades and possible structural hazards if the turbine were to break down.

The report — which began in January — pointed out that guidelines set by the Ontario Ministry of the Environment ensure that these concerns pose little public risk because the turbines are installed a mandatory distance of at least 550 metres from a residence. Noise levels also do not exceed 40 decibels, which is the average sound level of a quiet office or a library.


Last month, a protest with 250 participants was held at the Ontario legislature to support a moratorium on industrial wind-energy projects.

The motion put forth by Tory MPP John Yakabuski was aimed at trying to give municipalities the power to determine where such projects will be placed, and a delay in future projects until possible health effects could be fully investigated.

It was later defeated in the Ontario legislature.


John Laforet, president of Wind Concerns Ontario, representing 43 citizen groups across the province, dismissed the report.

"I think it's ridiculous," he said. "It's another rehashing of science everyone recognizes as incomplete."

Laforet said his group continues to call for a large-scale, long-term study done on wind energy before any more turbines are constructed in the province.

But Robert Hornung, the president of the Canadian Wind Energy Association, said the "best available scientific research" shows no need for further study.


In fact, he said, Canada lags behind other developed countries, including the United States and those in Europe, in the number of wind-energy projects, which have been credited in those regions with improving economic growth, rural development and addressing environmental concerns.

Hornung's association estimates that wind turbines power up to a million homes and businesses across Canada, including a third of that figure in Ontario alone.

© Copyright (c) Canwest News Service "

[Popeye82]

Precious Metal Stock Review - May 22, 2010
www.preciousmetalstockreview.com/downloads/May%2022,%202010%…

[Popeye82]

Ertrag vor Umsatz: Sixt rollt zurück in die schwarzen Zahlen - Financial.de - May 22, 2010
www.financial.de/news/top-stories/2010/05/20/ertrag-vor-umsa…

[Popeye82]

Carbon Market News - May 22, 2010
www.pointcarbon.com


"Today's headlines

*New climate treaty to set complex MRV system
*Obama to expand fuel economy standards
*EUAs claw back some lost ground
*Bulgaria plans to seek free EUAs after 2012
*UN process should be ditched: academics
*Banks team up to develop post-2012 JI projects
*France wants importers to buy EUAs
*Japan to delay decision on climate target details
*Slovakian thermal power output up 1.8% in Q1
*Japanese utility to restart key nuclear reactor
*RGGI drops 7%, bid at new low "

[Popeye82]

"Das gespaltene Denken

- Dr. Bernd Niquet -


Verteilungsgerechtigkeit ist eines der wichtigsten Stichwoer-
ter der Gegenwart. Zwei Gueter sind allerdings nicht nur in
unserem Land in bester Weise gerecht verteilt - und das sind
die Intelligenz und das Urteilsvermoegen. Denn noch nie hat
sich jemand darueber beschwert, zu wenig davon zu haben.

Es faellt nur manchmal etwas schwer, damit klarzukommen. Neh-
men wir den Euro: Am Anfang des letzten Jahrzehnts war der
Euro auf ein Niveau von 0,80 Dollar fuer einen Euro gefallen,
heute hingegen stehen wir bei gut 1,20, nach einem Hoch von
1,40. Das liegt noch etwas ueber dem langjaehrigen Mittel und
entspricht in etwa der Kaufkraftparitaet. Liest man jedoch die
Presse und schaut Fernsehen, hat man den Eindruck, unser aller
Ende stuende bevor.

Ueberall wird derzeit behauptet, Geld fliehe in grossen
Stuecken aus dem Euro. Dabei kann kein einziger Euro aus dem
Euro fliehen, denn wie sollte er das machen? Kein Euro kann
aus dem Euro fliehen, so wie kein Mensch seiner Haut entflie-
hen kann. Obwohl manche das wollen und man es einigen sogar
raten wuerde.

Wer sein Vermoegen nicht mehr in Euro halten moechte, muss je-
manden finden, der ihm andere Waehrungen dafuer eintauscht und
im Gegenzug seine Euros nimmt. Das Einzige, was sich dabei
veraendert, ist, dass jetzt jemand anderes die Euros haelt und
sich die Wechselkurse veraendern. Aber das wird wahrscheinlich
kaum ein Journalist jemals begreifen.

Schwierig ist es auch beim Staat. Eigentlich will ja jeder,
dass der Staat keine Schulden mehr macht. Aber sparen soll er
auch nicht. Und die Politiker sind doch alles Bloedmaenner,
denn sie koennen eh nix veraendern. Wenn sie dann aber etwas
veraendern, ist das nun auch wieder falsch.

Ganz unmoeglich wird es dann aber alles erst beim Fussball. Da
tritt ein Bayern-Spieler seinem Gegenueber brutal und bewusst
mit den langen Metallstollen aufs Fussgelenk, doch anschlies-
send setzt sich eine ganz Nation dafuer ein, dass dieser Spie-
ler doch bitte, bitte fuers Champions-League-Finale ausnahms-
weise nicht gesperrt wird.

Passiert jedoch ein voellig identisches Foul in England und
kostet den Deutschen Fussball-Fuehrer die Weltmeisterschaft,
ruestet das ganze Land zum Angriffskrieg gegen diesen ver-
meintlichen Gangster.

Freie Maerkte und freie Meinungsvielfalt zeigen hier deutlich
identische Merkmale. Jedem, der die Dinge richtig einschaetzt,
muss auch immer jemand gegenueber stehen, der sie falsch ein-
schaetzt, weil ansonsten das System nicht funktionieren wuer-
de. Die Haelfte aller Menschen muss sich zwangslaeufig irren,
sonst koennte die andere Haelfte nicht richtig liegen. Aber
das muss man erst einmal begreifen.

Ganz anders und dennoch durchaus identisch hat das gerade auch
Bill Bonner ausgedrueckt: Man beginnt sein Leben mit vielen
Erwartungen, ist zuversichtlich, wird dann vorsichtiger,
schliesslich realistischer. Anschliessend kommt die Entmuti-
gung. Nachdem man jedoch alle Hoffnungen aufgegeben hat, die
Welt jemals zu verbessern, amuesiert einen das ploetzlich, die
Welt, man selbst und all die anderen. Im Grunde genommen ist
es schon alles okay, so wie es ist.

Es ist wirklich herrlich, langsam alt zu werden. "

[Popeye82]

Geithner to pressure China on trade discrimination- CER/WSJ - May 20, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_20/Geithne…

"Treasury Secretary Tim Geithner will pressure Chinese officials on the issue of trade discrimination when he meets with them for a high-level dialogue in Beijing next week, reported the Wall Street Journal.

"We need to continue to work to make sure that American companies are competing on a level playing field," said Geithner. While American companies are concerned that they are being increasingly squeezed out of mainland competition by government regulations, in 2009 the US implemented 23 policies to interfere with the trade of Chinese goods, an increase of 53% over the previous year. With the European sovereign debt crisis still ongoing, the topic of currency appreciation is expected to play a much smaller role within the discussions. "

[Popeye82]

China edges closer to REITs - CER - May 20, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_20/China_e…

"The emergence of China's real estate investment trusts (REITs) is one step closer to fruition and awaits final approval from the State Council, reported state media.

According to an anonymous source, the first batch of REITs could be launched in the second half of this year, but initially only institutional buyers would be allowed to purchase them. Progress on the establishment of Chinese REITs has accelerated since August 2009, and Shanghai seems favored to be the first city to produce an unlisted REIT. REITs invest in commercial property and produce dividends for shareholders from the rents they receive. "

[Popeye82]

SOE Q1 profit increases - CER - May 20, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_20/SOE_Q1_…

"China's centrally-administered state-owned enterprises generated a total profit of US$47.7 billion in the first four months of 2010, an 81.7% year-on-year growth, reported state media.

The combined operating revenue grew 50.4% year-on-year to US$716 billion. Although no specific details of the factors behind revenue or profit growth were provided, the low figures in 2009 generated during the midst of the global economic recession were considered a factor; the increase in global demand for low-cost Chinese goods, especially in the environment of a competitively valued renminbi, also contributed to year-on-year revenue growth. There are currently 126 centrally-administered SOEs in China. "

[Popeye82]

Credit card debt balloons - CER/SCMP - May 20, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_20/Credit_…

"The People's Bank of China announced Wednesday that US$1.3 billion in Chinese credit card debt was at least six months overdue, an increase of 14.4% since the end of 2009, reported the South China Morning Post.

The amount overdue is approximately 3.5% of the total outstanding credit card debt, and the delinquency rate is anticipated to climb even as credit card transactions remain at a relatively low level. First quarter transactions amounts to only US$216.7 billion, but this represented a 42.9% annual increase. UnionPay, China's only domestic interbank card operator, has ramped up investigations into fraud as banks reverse their previously aggressive credit card marketing schemes in recognition of the higher rate of delinquency. "

[Popeye82]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Popeye82]

Nine students injured in newest attack - CER/AP - May 20, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_20/Nine_st…

"Five men armed with knives entered a vocational college Wednesday and attacked nine students in the southern province of Hainan, injuring one of them seriously, AP reported.

Four students had been injured during a previous confrontation between the two groups. In the latter attack, one of the students' hands was severed, but two students were also hospitalized with non-life-threatening injuries. The attack represents the ninth violent attack in China in the last two months, which some officials have attributed to the stresses of China's rapid development. Over the course of the attacks, 17 people have died, including 15 children, and 80 more have been injured. "

[Popeye82]

Microvision Unveils Increased Brightness, 720p HD Ready Laser Pico Projector Demonstrator at The Society For Information Display Conference; Company also plans to showcase portable gaming, automotive and wearable display applications enabled by its PicoP display engine technology - May 24, 2010
http://phx.corporate-ir.net/phoenix.zhtml?c=114723&p=irol-ne…

[Popeye82]

[IOH] 25% increase in Iron Valley Resource - Australianinvestor - 20-May-2010
www.australianinvestor.com.au/news.asp?id=38007
www.stocknessmonster.com/news-item?S=IOH&E=ASX&N=491821

"Iron Ore Holdings Ltd has provided an updated JORC Compliant Resource at its Iron Valley Project. This identified resource is now 240mt @ 58.8%Fe (183Mt @ 58.9% Fe Indicated and 56.7Mt @ 58.3% Fe Inferred).

A total of over 47,000 metres and 400 holes have been drilled at the project to date. Iron Valley is strategically located within close proximity of existing infrastructure in the Central Pilbara region of Western Australia.

The total JORC Mineral Resource over all IOH projects has now reached 400Mt with exploration drilling ongoing. A further resource update is expected next quarter. "

[Popeye82]

AUSTRALIA – Oakajee BFS submitted; Oakajee Port & Rail (OPR) submitted a draft bankable feasibility study (BFS) to the Western Australian Government on March 30, 2010, regarding its proposed 546km rail line and 45 million tonne/year port facility at Oakajee, Western Australia - ASIA Miner - May10
www.asiaminer.com/magazine/latest/australia-oakajee-bfs-subm…

[Popeye82]

AUSTRALIA – Columboola coal JV - ASIA Miner - May10
www.asiaminer.com/magazine/latest/12-australia-columboola-co…
www.stocknessmonster.com/news-item?S=MTE&E=ASX&N=219740

"MetroCoal Limited has signed a Joint Venture Agreement (JVA) with China Coal Import & Export Company (CCIEC), covering the Columboola coal tenement in Queensland’s Surat Basin.

Under the terms of the agreement, CCIEC, a wholly-owned subsidiary of China National Coal Group, has acquired a 51% interest in Columboola for an agreed expenditure commitment of Aus$30 million.
The funds will be used for exploring and evaluating the potential for future commercialization options within the Columboola tenement and also opens up the opportunity for participation in MetroCoal’s other tenements. The Columboola JVA requires a minimum expenditure of $4 million within the first two years of the agreement.

MetroCoal’s chairman David Barwick says, “Bringing CCIEC in as a joint venture partner is a significant milestone for the company, meeting its stated strategic objective of developing projects with substantial partners as well as complementing its overall strategy to confirm its exploration target of between 2.5 and 3.5 billion tonnes.” MetroCoal’s CEO Mike O’Brien says, “China Coal is a substantial company producing in excess of 100 million tonnes of coal a year. With access to this strong mining base, CCIEC will bring valuable technical skill and expertise into the joint venture, particularly in underground coal mining. “Discussions have been ongoing for some time and during this period we have developed a good relationship with CCIEC executives that will provide a constructive base for our future relationship. “In terms of the work program, the Columboola JVA will continue the initial exploration activities and subject to the success of this program, advance the development plans to exploit significant underground coal assets.”

MetroCoal holds extensive coal tenements covering about 4000sqkm throughout the Surat Basin which it plans to commercialize through conventional coal mining and underground coal gasification (UCG).
www.metrocoal.com.au "

[Popeye82]

Brazil Court Decision-A Major Step Forward in Ecometals' Stockpiled Manganese Mineralised Material Project - May 25, 2010
www.marketwire.com/press-release/Brazil-Court-Decision-A-Maj…

[Popeye82]

East Asia Minerals Extends the Miwah Main Zone to the West; Encounters 2.08 g/t Gold Over 49 Metres Within 85.5 Metres Grading 1.73 g/t Gold - May 25, 2010
www.marketwire.com/press-release/East-Asia-Minerals-Extends-…

[Popeye82]

BP Briefs US Government on Initial Perspectives of Deepwater Horizon Investigation - Focus is on Seven Control Mechanisms - OR - 5/25/2010
www.ocean-resources.com/industry-news.asp?newsid=8818

[Popeye82]

Riverstone Extends Gold Mineralized Zones at Goulagou Deposits at Karma - May 25, 2010
www.marketwire.com/press-release/Riverstone-Extends-Gold-Min…

[Popeye82]

Synthetic Cells Hold Biofuels Potential; "Self-replicating cell could produce new biofuels" - TER/DFN - 5/24/10

- Cindy Zimmerman -
www.theenergyreport.com/pub/na/6375

"Researchers at the J. Craig Venter Institute yesterday announced the successful construction of the first self-replicating, synthetic bacterial cell, which could potentially have numerous applications—including the production of new biofuels, according to Synthetic Genomics (SGI).


Specifically, they are talking about new algae-based biofuels, if the researchers can take the discovery to that next step. They are working on using the same technique they used to create the synthetic bacteria to create synthetic algae, which is also single-celled, but more complex than bacteria. If they are successful, they hope to use them to create biofuels by photosynthesis.

SGI, which was founded by Dr. Venter and is the Institute's primary backer, has an alliance with Exxon Mobil Research and Engineering (EMRE) group "focused on finding and optimizing (through synthetic genome techniques and other more traditional metabolic engineering techniques) algae to produce biological crude oil replacements efficiently." The J. Craig Venter Institute has facilities in Rockville, Maryland and San Diego, Calif.; SGI is headquartered in La Jolla, Calif. "

[Popeye82]

Orsu Announces Completion of Preliminary Assessment Study for Karchiga Project, Base Case Study NPV of US$138M and IRR of 40.5% Over 10 Year Life of Mine - May 25, 2010
www.marketwire.com/press-release/Orsu-Announces-Completion-P…

[Popeye82]

OTC-Derivate: Grundlagen und aktuelle Entwicklungen - DB Research - May 26, 2010

- Die weltweiten außerbörslichen Derivatemärkte sind in den vergangenen Jahren enorm gewachsen: So betrug im Dezember 2009 der Nominalwert ausstehender Kontrakte insgesamt über USD 600 Bill. Die Finanzkrise legte eine Vielzahl struktureller Defizite in Bezug auf die Marktinfrastruktur von Over-the-counter- (OTC-) Derivaten offen. Um die systemischen Risiken dieser Märkte besser unter Kontrolle zu halten, fordern Aufsichtsbehörden und Regierungen sowohl in Europa als auch in den USA strengere Regeln und einen neuen Ordnungsrahmen, der die Zukunft dieser Branche bestimmen wird. ...-
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Australian Bauxite - Drilling Update - May 26, 2010

+ The current exploratory drilling program at Inverell-Pindaroi has been successfully completed with encouraging results.

+ At Inverell, 162 holes have been drilled over 20 days, with a bauxite strike in 72% of holes. Average bauxite thickness is 4.8m with a maximum thickness of 9.4m.

+ At Pinadroi, 18 holes have been drilled over 2 days, with a bauxite strike in 67% of holes. Average bauxite thickness is 5.5m with a maximum thickness of 12m. ...
www.stocknessmonster.com/news-item?S=ABZ&E=ASX&N=593761
www.stocknessmonster.com/news-item?S=ABZ&E=ASX&N=594111

[Popeye82]

The truth about the super tax (the myths and the facts) - MCoA - May 25, 2010
www.bciron.com.au/images/stories/ASX/asx2010/the_truth_about…

[Popeye82]

Southern Pacific Reports Record Cash Flow of $13 Million for the Quarter Ended March 31, 2010 - May 25, 2010
www.marketwire.com/press-release/Southern-Pacific-Reports-Re…

[Popeye82]

Quickstep Holdings - Progress Update on Joint Strike Fighter Development Work - May 26, 2010

+ All development work relating to potential Joint Strike Fighter (JSF) manufacturing contracts progressing well.

+ Australian Defence Minister, Senator John Faulkner, has visited Quickstep’s manufacturing facility and has reiterated the Federal Government’s commitment to the international JSF program.

+ Long lead items placed on order and upgrade to key parts of North Coogee manufacturing facility progressing on schedule.

+ High calibre team with significant aerospace manufacturing credentials assembled, and additional appointments expected.

+ Long Term Agreement (LTA) with Lockheed Martin and Northrop Grumman in relation to $700M of potential JSF manufacturing contracts expected to be signed in the coming months. ...
www.stocknessmonster.com/news-item?S=QHL&E=ASX&N=492400

[Popeye82]

HOCHSCHILD MINING INCREASES HOLDING IN GOLD RESOURCE CORPORATION - May 26, 2010
www.goldresourcecorp.com/releases/GRC-2010-05-26-1.pdf

[Popeye82]

Canadian Imperial Venture Corp. - Parson's Pond Gas Discovery - OR - 5/26/2010
www.ocean-resources.com/industry-news.asp?newsid=8827

"ST. JOHN'S, May 26 /CNW/ - Canadian Imperial Venture Corp. ("CIVC" / the "Company") is pleased to announce that the Nalcor et al Seamus No.1 well at Parson's Pond, western Newfoundland, has reached its planned total depth of 3160 meters. Nalcor Energy, the operator of the well, reports that natural gas was encountered while drilling and the company intends to test the well later this summer to assess its potential. The well is currently being suspended to allow for the mobilization of a service rig and testing equipment to the site.
Seamus is the first of a planned three well program in the Parson's Pond area, each well being drilled on a separate Exploration Permit.

The current well, Seamus No.1, has been drilled on Exploration Permit 03- 103, where CIVC holds a 1.5% Gross Overriding Royalty on production. CIVC also has a similar royalty on Exploration Permit 03-101 which will be drilled in the current program.
Should Nalcor be successful in establishing production in either 03-103 or 03-101, CIVC is entitled to receive a gross royalty on all production, which royalty may be taken in cash or kind. CIVC has no financial obligations in the current program.

"An independent evaluation by Sproule Associates estimated that the Exploration Permits have the potential to contain approximately 284 million barrels of undiscovered resources (P50) in the Cambrian/Ordovician Platform rocks. This discovery in the Seamus No.1 well is an encouraging first step in realizing this potential," said Steven Millan, CEO of CIVC. "Nalcor and their partners are to be commended for this achievement."

Canadian Imperial Venture Corp. is an independent Canadian-based energy company, a leader in the Green Point oil-in-shale play. Eastern Canada is the home to such developments as the Hibernia, Terra Nova, White Rose, Sable Island, Deep Panuke, and McCully fields. "

[Popeye82]

Colossus Minerals Inc. Hires Luiz Carlos Celaro to Manage Mine Development at Serra Pelada - May 26, 2010
www.marketwire.com/press-release/Colossus-Minerals-Inc-Hires…

[Popeye82]

NanoTimes - Ivcon - Apr10
http://content.yudu.com/A1ngbz/Nanotimes04-2010/resources/in…

[Popeye82]

Coal production from Donkin to be delayed - OR - 5/26/2010
www.ocean-resources.com/industry-news.asp?newsid=8824

[Popeye82]

Venture Minerals - New Scoping Study increases margin per tonne by 300% - May 14, 2010

Scoping Study highlights include:

+ Margin per tonne increased by 300% to $80 per tonne

+ Capital expenditure cut in half to $130 million

+ Study delivers an internal rate of return of 55% (50% equity, 50% debt)

+ Net cash per annum at full production - $80 million

+ Study suggest greater than seven years mine life

+ Tin production estimated to be in the lowest cost quartile for
current tin producers ...
www.stocknessmonster.com/news-item?S=VMS&E=ASX&N=491211

[Popeye82]

Hudson Provides Update on Drilling Program at Sarfartoq Rare Earth Project in Greenland - May 27, 2010
www.marketwire.com/press-release/Hudson-Provides-Update-on-D…

[Popeye82]

Manas Resources - Shambesai Mineral Resource Upgraded - May 24, 2010

HIGHLIGHTS

+ Shambesai Mineral Resource upgraded 65% to 645,000 ounces of gold

- 7.29Mt at 2.8 g/t gold for 645,000 ounces – Indicated and Inferred (0.5 g/t gold cut-off); including

- 3.15Mt at 3.7 g/t gold for 373,000 ounces, 58% in the Indicated category


+ Manas’ current Mineral Resources up to 1.13 million ounces of gold within a 4km radius

+ Shambesai contains significant high-grade oxide portion

- Over 250,000 ounces of high-grade oxide resource at 5.7 g/t gold (2.5 g/t gold cut-off) from a total oxide resource of 330,000 ounces at 3.3 g/t gold

- Oxide has previously shown recoveries in excess of 95% using conventional processing techniques

- Mining and processing studies on high-grade oxide component now accelerated


+ Total discovery cost of US$8 per ounce

+ Mineralised zones at Shambesai remain open along strike

+ Extensive exploration has commenced - drilling to start during June 2010 with more than 10,000m planned at a number of prospects including Shambesai ...
www.stocknessmonster.com/news-item?S=MSR&E=ASX&N=492045

[Popeye82]

Kivalliq 500 Metre Step-Out Along Trend Intersects Radioactive Zone at Lac Cinquante - May 27, 2010

+ All 13 holes drilled during Phase 1 intersected altered tuff, the host geology at the Lac Cinquante main zone

+ Eleven of 13 holes drilled during Phase 1 (85%) intersected anomalous radioactivity, down hole widths ranging from 0.3 to 14.8 metres

+ Step-out hole 10-LC-013 intersected a 2.0 metre wide radioactive zone, 500 metres west and along trend from the historic Lac Cinquante Uranium Deposit
+ All four final drill holes intersected anomalous radioactivity within the host tuff unit, down hole widths ranging from 0.3 to 2.6 metres ...
www.marketwire.com/press-release/Kivalliq-500-Metre-Step-Out…

[Popeye82]

[GBE] A 33m-wide zone of heavy rare earth oxide mineralisation intersected - Australianinvestor - 26-May-2010
www.australianinvestor.com.au/news.asp?id=38066
www.stocknessmonster.com/news-item?S=GBE&E=ASX&N=492388

"Globe Metals & Mining has reported the second batch of laboratory chemical results for the initial trenching program, comprising 8 trenches in total, at the Machinga Rare Earth Project in southern Malawi.

The Company recently entered into a joint venture agreement to acquire an 80% interest in the Machinga Rare Earth Project from Resource Star Limited.

These results, from trench number two, show not only high grades of heavy rare earth elements, but also significant widths. The results from trench MATR002 show a single intercept of 33m width that contains an 11m-wide zone of >1% TREO. In addition, significant grades of niobium, tantalum and zirconium accompany the rare earth mineralisation.

The intercept in MATR002 occurs 180m directly along strike from mineralisation encountered in the first trench, MATR001. This gives the Company significant confidence in the continuity of mineralisation along strike.

A drilling program is now planned for June. "

[Popeye82]

[FTE] Positive metallurgical results - Australianinvestor - 26-May-2010
www.australianinvestor.com.au/news.asp?id=38067
www.stocknessmonster.com/news-item?S=FTE&E=ASX&N=492352

"International uranium exploration company Forte Energy NL has reported encouraging preliminary results from metallurgical investigations being undertaken of samples from its 100% owned Firawa Uranium Project in Guinea, West Africa.

The latest results confirm potential for heap-leach operation and indicate uranium recovery rates of 67% from 8-hour acid leach testing.

Further pre-feasibility optimisation testing is to be undertaken aimed at reducing acid consumption and further improving uranium recovery rates

An aditional drilling program is being planned on the remaining 50% undrilled anomaly. Drilling is to commence at the end of the third quarter after the wet season to extend the current JORC resource. "

[Popeye82]

[DYL] Deep Yellow adds 18.1 million pounds to uranium resources - Australianinvestor - 26-May-2010
www.australianinvestor.com.au/news.asp?id=38071
www.stocknessmonster.com/news-item?S=DYL&E=ASX&N=492390

"Deep Yellow Limited today announced the completion of a Mineral Resource estimate by Hellman & Schofield Pty Ltd (H&S) for the Aussinanis uranium deposit in Namibia. Aussinanis is controlled by DYL’s wholly-owned subsidiary Reptile Uranium Namibia Pty Ltd (RUN).

The Mineral Resource estimate includes Indicated and Inferred resources reported in accordance with the JORC Code for a total of 35 M tonnes at 237 ppm eU3O8 for 8,203 tonnes (18.1 Mlb) eU3O8 at cut-off grade of 150 ppm eU3O8.

Results of the Mineral Resource estimate indicate that Aussinanis is a very large, low-grade uranium resource. However given its proximity to other uranium resources held by RUN in the area, DYL and RUN are assessing the merits of embarking on a Conceptual Study to determine preliminary project economics as a standalone project or in conjunction with other 100% owned uranium resources. "

[Popeye82]

[CAH] Edna May Gold Project Ore Reserve increases above 1 mill ozs - Australianinvestor - 27-May-2010
www.australianinvestor.com.au/news.asp?id=38081
www.stocknessmonster.com/news-item?S=CAH&E=ASX&N=492523

"Perth-based gold producer Catalpa Resources today announced an updated Mineral Resource and Ore Reserve for the Edna May Gold Project, delivering a gold Reserve of more than 1 million ounces.

The revised Mineral Resource and Ore Reserve estimates are the culmination of a RC drilling program conducted over the last 3 months at the Golden Point Prospect adjacent to the current Edna May pit.

Total Mineral Resources after mining depletion are estimated at 1.66 million ounces of gold. This is in-line with the previous estimate on a global ounce basis, while incorporating higher confidence Resource material.

The Mineral Resource has been estimated to a maximum depth of 300 metres below surface and reported at a 0.4 g/t Au cut-off, which is on an equivalent basis to the previous Mineral Resource estimate. "

[Popeye82]

[IRD] Approval by PIRSA of Stage IV drilling - Australianinvestor - 27-May-2010
www.australianinvestor.com.au/news.asp?id=38083
www.stocknessmonster.com/news-item?S=IRD&E=ASX&N=492540

"Iron Road Limited has announced that a significant exploratory drilling programme comprising 42 holes for 9,845m at the Company’s wholly owned Central Eyre Iron Project has been approved by Primary Industries and Resources South Australia.

This is the second drilling programme of several planned for 2010 as the company works towards achieving its strategic objectives for 2010.

The drilling programme planned to commence 7 June 2010 to define the potential of seven high priority targets across Warramboo, Kopi and Hambidge project areas on EL3699.

The programme is scalable and designed to be seamlessly rolled over into several major individual programmes if and when required.

As outlined at the 2009 Annual General Meeting, Iron Road’s corporate objectives include increasing the mineral resource across the Central Eyre Iron Project to 500Mt in 2010. "

[Popeye82]

[PEN] High grade drill results at Ross add to resource - Australianinvestor - 27-May-2010
www.australianinvestor.com.au/news.asp?id=38082
www.stocknessmonster.com/news-item?S=PEN&E=ASX&N=492542

"Peninsula Minerals Limited today announced that it has completed 35 development drill holes during the first weeks of May for a total of 22,129 feet at the Ross Project.

The intention of the current drilling has been on enhancing the grade and definition of the existing resource and to progress inferred resource to indicated status.

The highlight of these results was drill hole RMR0358 which intersected 19.5ft @ 2,090ppm U3O8 (GT 4.08), including a peak intersection of 6ft @ 3,120ppm U3O8 within a newly interpreted mineralised roll front.

Three drill rigs are currently engaged at Ross testing extensions of the known exploration target zones identified by the modelling software while a fourth rig continues to test sparsely drilled target zones, with the aim of expanding the current 15,100,000 lb U3O8 JORC compliant resource. "

[Popeye82]

[AZM] Major expansion underway To grow WA gold project resources - Australianinvestor - 28-May-2010
www.australianinvestor.com.au/news.asp?id=38090
www.stocknessmonster.com/news-item?S=AZM&E=ASX&N=492626

"Azumah Resources has reported that drilling recently completed at and in the vicinity of the Julie, Collette, Kunche and Bepkong deposits has continued to expand existing deposits and identify new areas of mineralisation as the Company continues its focus on substantially boosting resources above the 1.1 million ounces gold it has already delineated at its Wa Gold Project, north west Ghana.

Reverse circulation and aircore drilling continues at all key deposits and at several new targets with results from this work to be reported upon in coming weeks.

Azumah expects to have completed some 60,000m of combined aircore, RC and diamond core drilling by the onset of seasonal rains usually expected in July. It is scheduling a further 40,000m by year end for a total of 100,000m in 2010 which represents one of the largest undertakings by any junior gold explorer in West Africa.

The Company will also recommence its power auger soil sampling campaign, a major tool in new target generation. To provide an interpretive backdrop and alternative means to identify new and better rank targets, Azumah has also committed to a: 20,000 line kilometre, high-definition (100m traverse spacing. 40m survey height) aeromagnetic geophysical survey to be flown over the Vapor prospecting licence encompassing the Kunche and Bepkong deposits and a substantial area north and south of these and also over the Julie - Collette - Josephine prospecting licences and immediate surrounds; and a12km² IP ground geophysical survey targeting an area to the west and north of Kunche – Bepkong.

To support this substantial increase in activity, Azumah is presently undertaking a major expansion of its field personnel and support infrastructure. "

[Popeye82]

[CCC] First coal production at Vlakvarkfontein coal mine - Australianinvestor - 28-May-2010
www.australianinvestor.com.au/news.asp?id=38092
www.stocknessmonster.com/news-item?S=CCC&E=ASX&N=492633

"South African focused coal company Continental Coal Limited today announced that it has reached a significant milestone in its transformation into a mid-tier coal producer.

Following the commencement of coal production at its Vlakvarkfontein coal mine in South Africa, the Company has established itself as South Africa’s newest coal producer.

The first coal production blast occurred at 1.00pm (SA time) on Thursday 27 May 2010. An initial parcel of raw coal will now be loaded and transported to local coal wash plants in the Witbank coal field to be washed and analysed.

The results of this analysis will enable the Company to finalise an off-take agreement for its domestic coal product that is planned to be produced at Vlakvarkfontein. Discussions with a number of parties are already well advanced and the contract is expected to be completed within the coming weeks. "

[Popeye82]

Gasschwemme erreicht Europa: Starke Effekte auf Preise, Sicherheit und Marktstruktur - DB Research - May 28, 2010

- Die Gasschwemme läutet eine Zeitenwende auf dem europäischen Gasmarkt ein. Der freie Gaspreis wird zur neuen Benchmark und bestimmt den Preistrend. Das neue Preisumfeld bringt viele Chancen und Herausforderungen für Haushalts- und Industriekunden, Stadtwerke, Regionalversorger, freie Händler, Newcomer, Kraftwerksbetreiber, Importeure und Gasproduzenten. Betroffen sind die traditionellen Langfristverträge und typische Großprojekte – rund um Pipelinebau, LNG-Infrastruktur und Gasspeicher. Die Versorgungssicherheit steigt, auch weil die Schwemme die Gas-OPEC schwächt. ...-
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Golden Valley Mines Ltd.: Significant Gold Mineralization Intersected on the Malartic CHL Prospect; Results include 73 metres averaging 2.51 g/t Au, with 66.1 g/t Au over 1.5 metres - May 27, 2010
www.marketwire.com/press-release/Golden-Valley-Mines-Ltd-Sig…

[Popeye82]

Amarillo Receives Updated Resource Estimate for the Mara Rosa Project: 623,000 oz in 11.9MT @ 1.62g/t Gold Indicated, and 451,000 oz in 10.2MT @ 1.38g/t Gold Inferred, Using 0.5g/t Cut-Off - May 27, 2010
www.marketwire.com/press-release/Amarillo-Receives-Updated-R…

[Popeye82]

Fission Assays Confirm Continuity of High Grade Uranium Mineralization at "J-Zone"; Latest Three Vertical Step-Outs Intersect 7.5m of 3.83% U308, 6.5m of 2.16% U308 and 7.5m of 1.89% U308 Including Intercepts as High as 10.7% U308 - May 27, 2010
www.marketwire.com/press-release/Fission-Assays-Confirm-Cont…

[Popeye82]

Wealth Signs Option to Acquire Argentina's Largest Rare Earth Element Deposit 'Rodeo de Los Molles', San Luis Province, Argentina; Historical Geologic Resource of 5.6 Mt at 2.1% Total Rare Earth Oxides and 0.02% U3O8-Mineralization Remains Open; Assays Return Maximum Value of 35.5% Total Rare Earth Oxides With a 55.5% Heavy Rare Earth Oxide Component - May 27, 2010
www.marketwire.com/press-release/Wealth-Signs-Option-Acquire…

[Popeye82]

Manas Petroleum Announces Closing of Private Placement by Canadian Petromanas Energy Inc. and Accelerated Issuance of 100,000,000 Shares of Petromanas Energy to Manas Petroleum Subsidiary DWM - May 27, 2010
www.manaspetroleum.com/s/NewsReleases.asp?ReportID=401723&_T…

[Popeye82]

OECD: China growth will top 11% in 2010 -CER/OECD - May 27, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_27/OECD:_C…

"The Organization for Economic Co-operation and Development (OECD) predicts China's economy will grow over 11% in 2010 and slow to just over 10% in 2011, state media reported.

In its Economic Outlook report, the OECD said China's growth should be steady this year but the economy should grow at a slower rate next year due to the phasing out of the government's stimulus package. The Paris-based organization said the slow take up in international trade and higher domestic demand would sharply cut China's current account surplus this year. However, recent signs of overheating in the economy implied growing risks and the OECD recommended China take measures to cool the property market as well as allow for a gradual appreciation of its currency against a basket of currencies. "

[Popeye82]

QFIIs to have little impact on A-share market - CER - May 27, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_27/QFIIs_t…

"Qualified foreign investors trading stock index futures will not have a significant impact on the A-share market because of their small quotas, state media reported, citing securities analysts.

Following this year's Sino-US bilateral talks - the Strategic and Economic Dialogue - Beijing said it will allow qualified foreign institutional investors (QFIIs) to invest in the country's stock index futures. "QFII's quotas to invest in the equity market are comparatively small so their trading of index futures won't greatly influence the market," said Gao Zijian, a derivatives analyst at Orient Securities. Yin Jianfeng, an analyst at the Chinese Academy of Social Sciences noted that compared with index futures in other countries, China's market is still immature so it will be hard to measure how attractive QFIIs will find such products. China's index futures were launched on April 16. "

[Popeye82]

China signs green energy deals with US - CER - May 27, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_27/China_s…

"China and the US signed eight green energy deals as the two nations move to enhance cooperation in environmental protection and improve energy efficiency, state media reported.

No financial details of the agreements were revealed but several sectors were included including aviation biofuel, smart meters and cellulosic ethanol. Zhang Guobao, head of China's National Energy Administration, said as the world's two largest energy consumers, China and the US will further cooperation for development of renewable energy. "The US has advanced technology, and China has a huge market," said Zhang. China has set several environment targets for itself including an increase in use of non-fossil fuel energy to 15% of primary energy consumption by 2002 and to reduce carbon intensity by 40- 45% in 2020 from 2005 levels. "

[Popeye82]

Hitachi, Saskatchewan partner to sequester CO2: boon for 3G, 4G biofuels? - BD - May 24, 2010
http://biofuelsdigest.com/bdigest/2010/05/24/hitachi-saskatc…

"In Canada, the Government of Saskatchewan and Hitachi (HIT) announced an agreement to develop Carbon Capture & Storage (CCS) for thermal power plants, renewable energy and smart grid technologies. Saskatchewan has adopted a target of a 20 percent reduction in greenhouse gas emissions from 2006 levels by 2020. Hitachi has proprietary CCS technologies, including Oxyfuel combustion technologies that efficiently capture CO2 and chemical absorption technologies which capture liquefied CO2 in flue gas emissions.

The sequestered CO2 could be utilized by third- and fourth generation biofuel technologies, which utilize carbon dioxide as a feedstock. Based on today’s agreement, Saskatchewan and Hitachi will supply each other with information on new low-carbon energy technologies as well as cooperate in five fields: CCS technologies, AQCS (Air Quality Control Systems), boiler and steam turbine generators, renewable energy technologies and smart grid technologies. "

[Popeye82]

Algae-powered airship ready for launch - BD/DM - Mar 23, 2010
http://biofuelsdigest.com/bdigest/2010/05/24/algae-powered-a…
www.dailymail.co.uk/sciencetech/article-1279831/Up-away-Worl…

"In Alabama, E-Green Technologies inflated and launched their Bullet 580, a 230 foot long, $8 million algae-powered and helium-filled airship. E-Green Management told the Daily Mail “It’s slow enough to be used for sightseeing, large enough to carry heavy cargo and enough volume of lifting capability to lift one-ton payloads up to 20,000ft in the air.”


The company plans to build vehicles that rent for $320,000-$800,000 per month, with a cruising speed of 35 mph and a top speed of 80mph. The craft, which can be remotely operated, could be used as a mobile broadcast communications tool, or for scientific analysis – utilizing the craft’s ability to hover, land vertically, and stay aloft for a week at a time.

NASA and Old Dominion University plan the first scientific use of the craft, to measure soil moisture content, before year end. "

[Popeye82]

From Shop Floor to Top Floor: Best Business Practices in Energy Efficiency - PCoGCC - Apr10

- William Prindle -

- In the last decade, rising and volatile energy prices coupled with increasing concern about climate change and growing support for action on energy and environmental issues has driven a surge of corporate environmental commitments. Energy efficiency has emerged as a key component of these commitments. Leading firms that give greater attention to energy efficiency report billions of dollars in savings and millions of tons of avoided greenhouse gas emissions, according to Pew Center’s report “From Shop Floor to Top Floor: Best Business Practices in Energy Efficiency.” This report documents leading-edge energy efficiency strategies, describes best practices, and provides guidance and resources for other businesses seeking to reduce energy use in their internal operations, supply chains, and products and services.

The report was developed over nearly two years of effort, including a detailed survey of the Pew Center’s Business Environmental Leadership Council (BELC) members and other leading companies, in-depth case studies of six companies, a series of workshops on key energy efficiency topics, broader research in the corporate energy field, and development of a full-featured Web portal to provide a platform for highlighting and updating key findings from the project as well as providing tools, resources, and other important information. The project was funded with generous support from Toyota. -
www.pewclimate.org/docUploads/PEW_EnergyEfficiency_ExSummary…
www.pewclimate.org/docUploads/PEW_EnergyEfficiency_FullRepor…

[Popeye82]

Precious Metal Stock Review - May 29, 2010
www.preciousmetalstockreview.com/downloads/May%2029,%202010%…

[Popeye82]

Kampf um Marktanteile: Q-Cells startet Preisoffensive - Financial.de - May 26, 2010
www.financial.de/news/top-stories/kampf-um-marktanteile-q-ce…

[Popeye82]

Northland Resources - Border River Commission hearing on Tapuli Mine and Kaunisvaara Mill Environmental Permit Application - May 28, 2010
www.northlandresourcesinc.com/s/NewsReleases.asp?ReportID=40…

[Popeye82]

Bellzone Mining Brings A Major Chinese Partner On Board To Help With Infrastructure At The Kalia Iron Ore Project In Guinea - MS - May 24, 2010

- By Alastair Ford -
www.minesite.com/nc/minews/singlenews/article/bellzone-minin…

[Popeye82]

China Commodity Feedback - ANZ Bank - May 24, 2010
www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_April_…

[Popeye82]

Mining Eye Q1 2010 - Ernst &Young - May10
http://ey-vx.com/exchange-sites/Sectors/2883/landing-pages/m…

[Popeye82]

Medienberichte: Vale läutet Eisenerzpreiserhöhungen ein - RG, STUTTGART - May 31, 2010
www.rohstoffe-go.de/rohstoff/rohstoffnews/beitrag/id/Medienb…

"Es sind Nachrichten, die – wenngleich sie aufgrund der Preisentwicklungen zu erwarten waren – in der Stahlbranche überhaupt nicht gut ankommen. Der größte Eisenerzproduzent der Welt Vale will die Preise für Eisenerz deutlich anheben.

Die Nachricht hat Signalqualität: Die brasilianische Vale (WKN: 897136), früher Vale do Rio Doce, will die Preise für Eisenerz um 35 Prozent auf 145 Dollar je Tonne anheben. Die brasilianische Tageszeitung „O Estado de Sao Paulo“ nennt keine Quelle für die berichtete geplante Höhe der Anhebung. Allerdings wird ein hochrangiger Manager des Konzerns genannt, der bestätigt, dass es zu Preiserhöhungen kommen wird. In Kürze soll der Eisenerz-Förderer Details zu den geplanten Anhebungen veröffentlichen. Kommentare zu dem Bericht werden von Seiten Vales nicht abgegeben.

Das brasilianische Unternehmen ist dabei nicht irgendein Vertreter der Branche. Der Konzern ist weltweit der größte Exporteur von Eisenerz und eines der größten Unternehmen des Bergbau-Sektors überhaupt. Die Preisanhebung hat damit ein gewaltiges Gewicht für den Markt – gerade vor dem Hintergrund, dass zuletzt unter anderem aus China und Südkorea Bestrebungen von politischer Seite zu vernehmen waren, große Eisenerz-Verarbeiter zu Nachfrage-Gemeinschaften zusammen zu schließen. Während hier noch diskutiert wird, schaffen die Bergbauunternehmen Fakten.

Ganz überraschend kommt der Schritt nach der deutlichen Aufwärtsbewegung der Eisenerz-Notierungen in der vergangenen Zeit nicht. Die Aussichten auf eine weltweite Konjunkturerholung, insbesondere in Boom-Ländern wie China und Indien, und ein Ende der Finanzmarktkrise haben die Preise für den konjunktursensiblen Rohstoff steigen lassen. Zuletzt hatte es eine Konsolidierung der Eisenerz-Preise gegeben, unter anderem als Folge erster Sorgen über die wirtschaftliche Entwicklung.

Dennoch erwarteten Experten bereits, dass die Eisenerz-Förderer ihre Tonnagepreise an die Entwicklung auf dem Spotmarkt anpassen werden. Die Preiserhöhung trifft den Markt damit nicht komplett unvorbereitet, zumal Vales Preise nach Aussagen von Konzernmanagern zuletzt unter den Spotmarktpreisen für den chinesischen Markt gelegen haben sollen. Diese Differenz will der Konzern mit der geplanten Erhöhung nun offenbar kompensieren.

Der Schritt wird zudem in die Umstellung der Lieferverträge auf eine quartalsweise Anpassung der Preise eingeordnet – eine Neuordnung der Marktverhältnisse, die in weiten Teilen der Stahlbranche auf große Kritik trifft. Eine quartalsweise Anpassung der Lieferpreise senke die Planungssicherheit für Stahlproduzenten auf ein Minimum, schimpft die Branche. "

[Popeye82]

Rio Chief says Tax Man is now His `Silent Partner’ - US - May 30, 2010
www.uranium-stocks.net/rio-chief-says-tax-man-is-now-his-sil…

[Popeye82]

Western U.S. Grid Can Handle More Renewables; A study says 35 percent of electricity could come from solar and wind--without expensive new backup power plants - TR - May 27, 2010

- by Kevin Bullis -
www.technologyreview.com/energy/25397/?nlid=3052&a=f

[Popeye82]

[SPH] 319Mt Maiden Inferred Resource - Australianinvestor - 31-May-2010
www.theaustralianinvestor.com.au/news.asp?id=38109
www.stocknessmonster.com/news-item?S=SPH&E=ASX&N=492761

"Sphere Minerals Limited has announced a maiden Inferred Mineral Resource of 319 million tonnes (Mt) for the Company’s Askaf Iron Ore Project in Mauritania from the recently drilled Askaf North Deposit.

The Askaf Project exploration licence (EL172) includes six coarse-grained magnetite-quartzite deposits (Figure 3), the largest of which is Askaf North.

Askaf North was the target of the recent Inferred Resource drilling campaign and an Inferred Resource of 319Mt of magnetite-quartzite was defined.

Further infill drilling is in progress at Askaf North with the objective to define an Indicated Resource by the end of September 2010.

Drilling is scheduled to continue in quarter four on the other five magnetite-quartzite deposits within EL172 in order to evaluate their resource potential. "

[Popeye82]

[BPO] AGRIPRO™ natural animal health products on commercial fast-track - Australianinvestor - 31-May-2010
www.theaustralianinvestor.com.au/news.asp?id=38110
www.stocknessmonster.com/news-item?S=BPO&E=ASX&N=492764

"Fast-tracking its commercialisation plans, Australian natural products provider BioProspect Limited today announced new regulatory and commercial pathways for natural, environmentally friendly AGRIPRO™ products targeting the $15 billion a year international animal health market.

The products are based on Conifer Green Needle Complex (CGNC), a natural substance with low toxicity extracted from the green needles of Scotch Pine and Norwegian Spruce trees.

New Australian Pesticides & Veterinary Medicines Authority (APVMA) guidelines for natural veterinary health products cut the registration timeframe to around 12 months.

Safety studies have been successfully undertaken with both products; additional efficacy studies planned to complete data package for product registration. "

[Popeye82]

[NDO] Oil shows at Tindalo - Australianinvestor - 31-May-2010
www.theaustralianinvestor.com.au/news.asp?id=38113
www.stocknessmonster.com/news-item?S=NDO&E=ASX&N=492780

"Nido Petroleum Limited, as Operator of Service Contract 54A (SC 54A), today advised that first oil flowed to surface at 11am (Manila time) on 30 May 2010 from the Tindalo-1 well.

This follows the conclusion of well completion operations on the Tindalo-1 oil well earlier this week and final hookup and function testing of the surface production equipment.

In line with Tindalo’s Plan of Development, an extensive drill-stem testing programme (DST) will be conducted to enable reservoir fluid and crude assay sampling and to assess the production performance of the well over a range of production conditions to determine the well’s initial production capability. Nido will provide a further update on the testing results when available. "

[Popeye82]

Nuclear Reactor Aims for Self-Sustaining Fusion; Italian-Russian reactor could be the first to reach a major milestone - TR - May 25, 2010

- by Phil McKenna -
www.technologyreview.com/energy/25379/?nlid=3052&a=f

[Popeye82]

Climate change making chickpea susceptible to new diseases; If you think that climate change is merely a drastic change in weather, think again. Scientists at the International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) found that higher temperatures are making chickpea susceptible to new diseases - ICRISAT - May 30, 2010
www.icrisat.org/newsroom/news-releases/icrisat-pr-2010-media…

[Popeye82]

[YTC] New shallow gold zone identified - Australianinvestor - 31-May-2010
www.theaustralianinvestor.com.au/news.asp?id=38114
www.stocknessmonster.com/news-item?S=YTC&E=ASX&N=492782

"YTC Resources Limited has reported further drill results from its 100% owned Hera Gold Project. YTC has completed four RC drill holes to test the upper/northern section of the Hera deposit with holes HRC001 & HRRC002 returning surprisingly strong gold and base metal results.

Significant results include: HRRC001: 4m @ 6.45g/t Au, 1.68% Pb and 6.42% Zn from 116m, and HRRC002: 6m @ 2.23g/t Au, 0.51%Pb and 0.98% Zn from 108m

These results identify shallow, high-grade gold mineralisation in a position that was not previously recognised; the mineralisation remains open in a northerly plunge direction.

Follow up drilling along this zone is now being planned to commence next month. "

[Popeye82]

[BND] South Galilee Project declared State Significant - Australianinvestor - 31-May-2010
www.theaustralianinvestor.com.au/news.asp?id=38118
www.stocknessmonster.com/news-item?S=BND&E=ASX&N=178345

"Bandanna Energy Limited and its farmin and co-venturer, AMCI (Alpha) Pty Ltd, are pleased to advise that their South Galilee Project, located near Alpha in the Galilee Basin, has been declared a Significant Project by the Queensland Government.

Operated by AMCI, the Joint Venture recently completed a Concept Study which indicated that the South Galilee Project had the potential to support annual production of up to 20 million tonnes (Mtpa), of high volatile, thermal coal for export to international markets over at least a 40 year mine life.

Premier Anna Bligh in referring to the declaration said the South Galilee Project could generate 2000 construction jobs, a permanent workforce of 750 people to operate the mine and numerous support jobs for suppliers and contractors.

Minister for Infrastructure and Planning Stirling Hinchliffe said the South Galilee Coal Project would utilise common user rail and port infrastructure required for the Alpha, Kevin's Corner and Waratah projects, located to the north of the South Galilee Project, to export coal through Abbot Point. "

[Popeye82]

Nemaska Releases Initial NI 43-101 Resource Calculation for its Lithium/Beryillium Whabouchi Deposit - May 31, 2010

Highlights

+ 9.8 million tonnes grading at 1.63% LI2O in the measured and indicated category

+ 15.4 tonnes grading at 1.57% LI2O in the inferred category

+ Resource remains open to depth and along strike to the East

+ Calculation is based on over 12,745 m of drilling in 67 holes and 37 channels covering 1,285 m to an average depth of 265 m for the Western portion of the deposit and 215 m for the Eastern portion. ...
www.marketwire.com/press-release/Nemaska-Releases-Initial-NI…

[Popeye82]

Mugabe: Ownership laws being refined - Miningmx/Reuters - Fri, 28 May 2010
www.miningmx.com/news/markets/Mugabe-Ownership-laws-being-re…

[Popeye82]

More interest in Mozambique coal - Miningmx - May 31, 2010

- Brendan Ryan -
www.miningmx.com/news/energy/more-interest-in-mozambique-coa…

[Popeye82]

East Asia Minerals Receives Indonesia Government Approved IUP "Mining Licence" Confirming Tenure of Tangse Under New Mining Law - Jun 01, 2010
www.marketwire.com/press-release/East-Asia-Minerals-Receives…

[Popeye82]

Salares Lithium Initiates Upgrade to Exploitation Concessions - Jun 01, 2010
www.marketwire.com/press-release/Salares-Lithium-Initiates-U…

[Popeye82]

Boomtime for Mafia governments; Governments and politicians across the world are increasingly turning into cold and venal robber barons - MW, JOHANNESBURG - May 18, 2010

- Barry Sergeant -
http://mineweb.net/mineweb/view/mineweb/en/page504?oid=10502…

[Popeye82]

Argentex Mining Corp. announces Cdn$7,347,200 proposed investment with IFC - Jun 1, 2010
www.newswire.ca/en/releases/archive/June2010/01/c8599.html

[Popeye82]

NFLD launches a climate change and energy efficiency discussion paper - OR - 5/31/2010
www.ocean-resources.com/industry-news.asp?newsid=8840

[Popeye82]

Amazon Releases Results for the Quarter Ended March 31, 2010 - Jun 01, 2010
www.marketwire.com/press-release/Amazon-Releases-Results-for…

[Popeye82]

Nuinsco Looks to Increase 330-360 Million Tonne ETMI at Prairie Lake; Over two kilometres of trenching to build on huge mineralized inventory - Jun 01, 2010
www.marketwire.com/press-release/Nuinsco-Looks-to-Increase-3…

[Popeye82]

Avanti Mining Announces Alternative Site for Tailings Management Facility for Kitsault Project - Jun 1, 2010
www.newswire.ca/en/releases/archive/June2010/01/c8593.html

[Popeye82]

Timberline Shareholders Approve Acquisition of Staccato Gold Resources - Jun 1, 2010
www.globenewswire.com/news.html?d=193125

[Popeye82]

Augusta Provides New DEIS Timeline for Rosemont Copper Project - Jun 01, 2010
www.marketwire.com/press-release/Augusta-Provides-New-DEIS-T…

[Popeye82]

NREL Picks 20 Leaders for National Executive Education Program - NREL - Jun 1, 2010
www.nrel.gov/news/press/2010/852.html

[Popeye82]

Transnet, state at odds over R750bn plan; Transnet and the transport department have come in for sharp words from MPs for not having a shared vision for on the future of country's rail and road infrastructure - Miningmx - Jun 1, 2010

- by Sapa -
www.miningmx.com/news/markets/transnet-state-at-odds-over-R7…

[Popeye82]

Southern Pacific Closes Acquisition of Remaining 20% Interest at McKay and Graduates to the TSX Exchange - Jun 01, 2010
www.marketwire.com/press-release/Southern-Pacific-Closes-Acq…

[Popeye82]

Space Companies Get NASA's Attention; Firms look to provide automated landers and inflatable modules - TR - Jun 2, 2010

- Jeff Foust -
www.technologyreview.com/business/25451/?a=f

"For many years the entrepreneurial space industry--collectively called "NewSpace"--has criticized NASA as slow, bureaucratic, and difficult to deal with. NASA, in turn, has devoted the bulk of its spending to major aerospace companies like Boeing and Lockheed Martin, not the entrepreneurs. However, as NASA and the White House redirect U.S. space exploration efforts, NewSpace companies are finding fresh opportunities to work with NASA.


A case in point is NASA's new emphasis on technology development. At a workshop last week in Galveston, TX, NASA officials outlined their "point of departure" plans for developing enabling technologies for human space exploration beyond Earth orbit. Key technologies of interest include automated landers for robotic missions to the surface of the moon, Mars, and asteroids, and inflatable modules that can be attached to the International Space Station (ISS).



- Static firing: XCOR Aerospace conducts static firing tests of the rocket engine that will power its Lynx suborbital spacecraft. The tests were conducted in the Mojave Desert. Credit: Mike Massee, XCOR -


Seeing an opportunity, Masten Space Systems and XCOR Aerospace, two NewSpace companies based in Mojave, CA, announced plans to partner in a bid to work on proposed lander projects. Masten, which won over $1 million from NASA last year in the Northrop Grumman Lunar Lander Challenge, will develop the vehicles under the partnership, while XCOR will provide engines powered by methane and liquid oxygen--the company has worked in the past with NASA to develop such engines.

"What triggered this," said XCOR president Jeff Greason at the International Space Development Conference (ISDC) in Chicago on Friday, "is that we received strong indications from a strategic customer that signaled to us that they would welcome the pairing of Masten's vehicle technology with our engine technology--that if we put those two competencies together, it would scratch an itch that they really had no way to scratch right now." The two companies, virtually next-door neighbors, already know each other well.

The work will be done in addition to, and not in place of, existing commercial work by both companies. XCOR is developing Lynx, a suborbital space plane that Greason anticipates will begin prototype flight tests in mid-2011. Masten, meanwhile, is developing suborbital vehicles using its own engine technology. By next year, said company founder Dave Masten in a separate ISDC presentation, the company will be developing Xogdor, a vehicle capable of carrying payloads (but not people) to altitudes greater than 100 kilometers.

NASA's interest in inflatable modules, meanwhile, has not escaped the notice of Bigelow Aerospace, a Las Vegas-based company that has successfully built and launched two prototypes and is currently working on larger modules. (In an ironic twist, Bigelow licensed the inflatable technology used in its modules from NASA, which had been developing a concept called TransHab that was canceled a decade ago.)

Mike Gold, director of Washington operations for Bigelow, said at ISDC that the company has been in discussions with NASA on a concept for the Bigelow Aerospace Module, a small inflatable module that could be attached to the ISS. Such a module, he said, would likely be comparable to the closet-sized Genesis prototypes the company previously launched. Gold has reservations, however, about NASA's apparent desire for a "full-scale" inflatable module. "I'm not sure whether you could safely put a full-scale inflatable on the ISS," said Gold, noting that adding even a small module to the station requires addressing issues such as structural fatigue and outgassing of module materials.

Bigelow also has an interest in an even bigger NASA initiative that involves some NewSpace companies: plans to spend $6 billion over the next five years to develop commercial systems that can transport astronauts to and from low Earth orbit. One company, SpaceX, is already developing the launch vehicle and spacecraft needed to carry that out; the rocket, the Falcon 9, is slated for its first launch from Cape Canaveral as early as this Friday. Such vehicles, besides meeting NASA's needs for access to the ISS, could serve other customers such as Bigelow.

Some experts, however, doubt that NewSpace companies have the technical skill to safely carry out commercial crew missions. Skeptics include Scott Pace, a former NASA official who currently directs the Space Policy Institute at George Washington University. "Some think we're ready to go towards human spaceflight on a commercial vehicle, and I'm not," he said in a discussion about NASA's new direction at ISDC.

Gold disagrees, arguing that commercial companies are ready to step up, and dismissing claims that commercial vehicles would be less safe than government-operated ones. "We care more about safety" than a government agency like NASA, said Gold, noting that a major accident could doom a commercial provider, but it wouldn't necessarily ruin NASA. Safety concerns will undoubtedly be a central focus as NASA's current plans go forward, and as the fates of NASA and NewSpace become increasingly intertwined. "

[Popeye82]

Advertisers Employ Social Media Web; Can advertisers take advantage of users' online social activities? - TR - Jun 2, 2010

- by Erica Naone -
www.technologyreview.com/web/25452/?a=f

[Popeye82]

Genesis Resources - Maiden Gold Inferred JORC Resource Over the Plavica Project - Jun 1, 2010

+ Inferred gold resource estimate of 1,656,198 oz at an average grade of 0.9 g/t Au

+ Inferred silver resource estimate of 28,237,764 oz at an average grade of 15.3 g/t Ag

+ Inferred copper resource estimate of 32,679,184 lbs at an average
grade of 0.282% Cu

+ The deposit remains open along strike and depth with strong potential to increase the estimated resource

+ Metallurgical testwork and a scoping study to commence ...
www.stocknessmonster.com/news-item?S=GES&E=ASX&N=492915

[Popeye82]

[SDL] DFS on track, resource increases - Australianinvestor - 2-Jun-2010
www.australianinvestor.com.au/news.asp?id=38146
www.stocknessmonster.com/news-item?S=SDL&E=ASX&N=493086

"International iron ore company Sundance Resources Limited is on schedule to complete the Definitive Feasibility Study of its Mbalam Iron Ore Project in West Africa following release of a maiden JORC-Code compliant Inferred Mineral Resource for the Nabeba North Deposit in the Republic of Congo.

With Project Resources now in place to support 35 million tonnes per annum production for a 25+ year mine life – comprising DSO production for at least the first 10 years followed by 15+ years Itabirite concentrate / pellet production - Sundance and its advisors will focus on the raising of project finance. This will continue to target prospective steel mills as well as major infrastructure providers interested in build-operate-finance packages.

Sundance’s 85%-owned subsidiary, Congo Iron SA, has completed 38 diamond and RC drill holes at the Nabeba Deposit to date in 2010 on Research Permit 362 in the Republic of Congo.

Modelling has defined an Inferred Resource of 200 million tonnes at 63.1% Fe over the Nabeba North Ridge. This is a 93% increase in the previously reported Indicated and Inferred Resource of High Grade Hematite on Exploration Permit 92 in Cameroon (which totalled 215 million tonnes at 60.2% Fe).

Project DSO Resources increased to 415 Mt, sufficient for minimum 10 years production of premium +62% Fe product. "

[Popeye82]

Industrie profitiert ungleichmäßig vom globalen Aufschwung" - DB Research - Jun 2, 2010

Unsere wichtigsten Aussagen:

+ Das Verarbeitende Gewerbe in Deutschland hat sich nach der tiefsten Rezession seiner Geschichte wieder erholt. Der Weg zurück zum alten Produktions- und Auftragsniveau ist aber noch weit. So liegt die Fertigung aktuell – also etwa zwei Jahre nach dem Beginn der Krise – noch immer um knapp 17% unter dem historischen Hoch von damals.

+ Für die kommenden Monate erwarten wir in der deutschen Industrie einen weiteren Anstieg von Aufträgen und Produktion. Allerdings dürfte sich die Dynamik etwas abschwächen, da die staatlichen Konjunkturpakete derzeit weltweit auslaufen. Wie schon in früheren Aufschwungphasen ist die Auslandsnachfrage in vielen Sektoren erneut der wesentliche Treiber für die Erholung; dies gilt insbesondere für die Investitionsgüterbranchen.

+ Wir haben einen Export-Impuls-Indikator berechnet. Dieser misst die Stärke des Impulses für einen Wirtschaftszweig, der aus der spezifischen Exportstruktur sowie aus den unterschiedlichen erwarteten Wachstumsraten in den einzelnen Absatzländern resultiert. Der Maschinenbau erreicht sowohl 2010 als auch 2011 den höchsten Wert bei unserem Export-Impuls-Indikator. Auch die Elektrotechnik und die Chemieindustrie erzielen hohe Werte. Die Werte für die Metallindustrie sowie vor allem für das Ernährungsgewerbe fallen besonders 2010 spürbar niedriger aus. ...-
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

NEC Joins Cleantech Gold Rush with Billion-Dollar Push - GB, TOKYO - May 27, 2010

- Tom Young -
www.greenbiz.com/news/2010/05/27/nec-joins-cleantech-gold-ru…

[Popeye82]

Missed Toxics Deadlines Hurts Tech Firms in Latest Greenpeace Guide - GB, TOKYO - May 26, 2010
www.greenbiz.com/news/2010/05/26/missing-toxics-deadlines-hu…

[Popeye82]

Microsoft Hohm Lets Users Compare Energy Use with Neighbors -GB, REDMOND - May 28, 2010
www.greenbiz.com/news/2010/05/28/microsoft-hohm-lets-users-c…
www.microsoft-hohm.com

"REDMOND, WA — The Hohm website, Microsoft's home energy management application, now provides users with energy efficiency scores for their properties that can be compared with scores for neighbors and households elsewhere in the country.


Microsoft announced the new function of its free program this week and said it can provide scores for 60 million homes in the U.S. Working with real estate data, the tool operates using advanced analytics licensed from Lawrence Berkeley National Labs and statistical data from the Department of Energy.

Hohm, launched last June, is Microsoft's bid to join the array of offerings that enable home owners to gauge their energy use with the help of dashboards and other tools -- and ultimately reduce consumption.

Increasingly, such tools are providing users with ways to compare their use against that of others, which can be an effective motivator for changing behavior.

Users can get their Hohm Score by going to www.microsoft-hohm.com and typing in their address. Energy efficiency scores range from 1 to 100 with 100 being ideal. The national average is 61. The chart from Microsoft below shows state averages -- Hawaii has the highest and Texas, the lowest.




The tool provides a score for estimated energy efficiency for the address entered, the average for the zip code, estimated potential savings in energy costs and a breakdown of estimated current consumption.

Microsoft envisions its Hohm website as a pathway for users to eventually tap into the smart grid. Although the scoring program is now widely available, only residents in some parts of Washington, California and the Midwest can currently hook up Hohm to their utilities to provide more accurate information.

"The Hohm Score is the first step in helping us all make smarter decisions about our home energy use," Troy Batterberry, product unit manager of Microsoft Hohm, said in statement. "If each of the 60 million households improved their Hohm Score by five points, collectively that would equal an estimated $8 billion in savings a year. " "

[Popeye82]

Nearly Three-Quarters of Firms Plan to Boost Their Climate Investments - GB, NEW YORK - May 25, 2010
www.greenbiz.com/news/2010/05/25/nearly-three-quarters-firms…

"NEW YORK, NY — Rather than waiting for regulatory conditions to solidify, leading companies are taking their cues from the market by investing in climate change initiatives, reporting on their performance and leaning on their supply chains to reduce emissions.


Those are some of the dominant themes of a new survey from Ernst & Young on C-suite attitudes toward climate change. The report, "Action Amid Uncertainty: The business response to climate change," probed 300 global executives from corporations with annual revenue of $1 billion or more on how they are responding climate challenges.

"Why would companies be increasing their spend in this uncertain regulatory environment?" said Steve Starbuck, Ernst & Young's Americas leader on climate change and sustainability services. "The point is that even without carbon legislation of any kind in the U.S. and it delayed globally, they're still taking action because of initiatives that are going to help their bottom line and help them manage risks."

The survey found that 70 percent of these executives from 16 countries and 18 different industry sectors intend to increase investment in climate change initiatives such as energy efficiency and product development over the next two years. For nearly half of those in the survey, the expenditure will equal between 0.5 percent to more than 5 percent of their revenue.




Ernst & Young conducted the survey to gain an understanding of how executives view the current environment around climate change and learn about the overall climate change frameworks in place at their companies. It discovered five factors driving climate change initiatives that respondents rated higher in importance than regulation: energy reduction, changing consumer demands, the development of new products or services, competitive threats, and stakeholder expectations.

"Even with the uncertain regulatory environment, it's not the threat of regulatory actions, but actions that are going to make them money, save them money, helps them stay relevant to customers, and avoid risk," Starbuck said in a phone interview Monday.

Interestingly, companies are increasing viewing their supply chains as attractive opportunities to reduce emissions. Thirty-six percent of respondents said they were working directly with suppliers with the expectation that they would reduce their carbon footprint, while another 30 percent have started discussing climate change initiatives with their suppliers.

"Customers are putting pressure on their suppliers to reduce the carbon content and the energy costs that are built up in the entire supply chain," Starbuck said.

Interestingly, 43 percent of respondents believe that equity analysts are including climate change factors in their valuations; thirty percent anticipate climate change factors to find their way in these analyses in the next five years.

And highlighting the need for reporting and transparency among companies, although 40 percent of those in the survey called themselves industry leaders for their climate change performance, only 28 percent admitted they benchmark their performance against their peers.


Other findings include:

+ Thirty percent of companies have an individual managing their climate change initiatives full-time.

+ Climate change governance rests with C-suite executives or board members for more than 90 percent of respondents.

+ Just 1 percent of respondents said they would slow down their climate change initiatives following the less-than-hoped-for result from the Copenhagen climate change conference, compared to 66 percent who said they'd continue with their existing strategy, and 31 percent that said investment would increase.

+ More than 70 percent expect that executing their climate change strategies, creating climate goals, and climate governance would be challenging.

+ Nearly two-thirds of respondents communicate their greenhouse gas emissions data in an annual sustainability report. Of those, 62 percent have data verified by a third-party to meet increasing demands for transparency. "

[Popeye82]

ExxonMobil Gives Green Progress Report, but Investors Want More -GB, IRVING - May 25, 2010
www.greenbiz.com/news/2010/05/25/exxonmobil-gives-green-prog…

[Popeye82]

MIT Taps Local Utility for 'Bold' Energy Efficiency Program -GB, CAMBRIDGE - May 26, 2010
www.greenbiz.com/news/2010/05/26/mit-taps-utility-bold-energ…

[Popeye82]

Most Americans Have Never Heard of the Smart Grid - GB, SANTA CLARA - May 28, 2010
www.greenbiz.com/news/2010/05/26/most-americans-have-never-h…
www.ecoalign.com/node/362

[Popeye82]

Data Starts Coming In For Supply Chain GHG Standards Testing Climate - GB, SAN FRANCISCO - Jun 1, 2010
www.greenbiz.com/news/2010/06/01/data-starts-coming-scope-3-…

"SAN FRANCISCO, United States — Data is beginning to roll in for the pilot test of an eagerly anticipated new standards for supply chain greenhouse gas accounting.

The World Resources Institute and the World Business Council for Sustainable Development began road-testing two new standards under the GHG Protocol in January. One focuses on Scope 3 emissions from supply chain, while the other covers product life cycle accounting.

Sixty companies from 17 countries are taking part in the testing, including big names such as 3M, Autodesk, Coca-Cola, General Electric, Kraft Foods, Ford, SAP, Pepsi, Ikea, and Procter and Gamble.


On Thursday, Webcor Builders said it delivered its complete supply chain emissions data to the WRI and WBCSD; all companies are expected to submit data by late June. Webcor began taking a hard look at its supply chain emissions last year when it partnered with San Francisco-based Climate Earth to create a database of the emissions embedded in construction materials in order to help the building community design low-carbon structures. The company previously reported its Scopes 1, 2 and 3 emissions to the California Climate Action Registry.

“The current lack of data regarding the carbon footprint of the construction supply chain -- such as steel, glass, carpet, concrete and other materials -- presents a significant opportunity for the building design and construction industry to better understand construction activities and design choices,” Phil Williams, Webcor's vice president of technical systems and sustainability, said in a statement Thursday. “Webcor is elevating the metrics of the construction industry to include a more complete measurement of the environmental performance of our buildings just as we are measured today on cost and quality.”

The results from identifying impacts across the construction materials in all of its projects across their supply chain revealed that 99.6 percent of its carbon footprint comes from the construction materials supply chain. Just 0.4 percent were operational emissions.

"The supply chain, the building materials are where we can have the most impact on emissions for Webcor as a company, and more importantly, where we as an industry can have the greatest relevance," Williams told ClimateBiz.com via email.

The company has used the findings to identify opportunities in its supply chain to reduce emissions. For example, the company recently completed a project where emissions related to structural concrete were reduced by 7.9 million pounds.

"That represented over a 49 percent reduction in CO2 that will be emitted in the manufacturing of materials required to build just one portion of the project," Williams wrote. "We are implementing measures that will produce similar percentage reductions in the steel and drywall for the other building elements. These are CO2 reductions that will be mitigated in the very near term, in fact over just the next 12 months."

One of the biggest challenges in measuring supply chains emissions is establishing national or global standards that manufacturers know will be fairly and consistently used across product and industry channels.

"That is why we are investing our time in the WRI standards effort so that we do not benefit solely as Webcor, but so that we can accurately work to represent the entire construction industry," Williams said.

Webcor announced in December that it now asks for GHG data in contract bids from its suppliers.

"It`s a part of the technical specifications, along with length, width, height and strength -- we want to know about carbon emissions," Williams said in a statement at the time. "It`s not a sole criterion for winning a bid, but you can`t compete without it."

The first drafts of the two new GHG Protocol standards were released in late 2009, with the final standards scheduled for release in December. "

[Popeye82]

Wen refrains from faulting North Korea at summit - CER/BBC - May 31, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_31/Wen_ref…
http://news.bbc.co.uk/2/hi/world/asia_pacific/10192492.stm

"Chinese Premier Wen Jiabao refrained from censuring North Korea for its alleged role in the sinking of the Cheonan, a South Korean naval vessel, at a three-way summit between China, South Korea and Japan over the weekend, the BBC reported.

The summit was supposed to discuss trade, but the sinking of the Cheonan seized focus. Wen said that avoiding conflict over the incident was key and avoided assigning blame. "The urgent task for the moment is to properly handle the serious impact caused by the Cheonan incident, gradually defuse tensions over it and avoid possible conflicts," he said. Wen will travel to Japan today to meet with Japanese Prime Minister Yukio Hatoyama, who has accepted Seoul's conclusion that a North Korean torpedo sank the Cheonan and is tightening already rigorous trade restrictions on North Korea. "

[Popeye82]

Bond issues by Chinese real estate firms tank - CER/BB - May 31, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_31/Bond_is…


"Dollar-denominated bonds issued by Chinese real estate companies are the worst performers in Asian non-financial corporate debt, Bloomberg reported.

Yields on bonds issued by seven Chinese firms including Kaisa Group Holdings (1638.HK) and Country Garden Holdings (2007.HK) have widened their gap relative to US Treasury bonds by 2.26 percentage points since January. As Beijing cracks down on lending, investors are demanding higher yields from Chinese developers. Goldman Sachs and Credit Suisse have cut their profit estimates for Chinese real estate companies following a 12.8% rise in real estate prices in April which provoked commitments from the government to cool the market. The yield spread on bonds sold by Kaisa widened the most to 16.52 percentage points up from 11.07 percentage points. "

[Popeye82]

Chinese steel makers swing to profit, but outlook bleak - CER - May 31, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_31/Chinese…
www.shanghaidaily.com/article/?id=438656&type=Business

"Chinese steel makers turned a net profit of US$4.97 billion in the first four months of this year, compared with a US$600 million loss during the same period last year, state media reported.

However, the profit margin for the industry during the period was 3.6%, lower than the domestic industrial sector's average profit margin, said Luo Bingsheng, vice president of the China Iron and Steel Association (CISA). He said that output costs for steelmakers will rise in the near future as iron ore prices rise and inventories decline. Domestic steel prices began dropping in mid-April, driven by inbalanced supply and demand. According to a report by the International Iron and Steel institute, gross output of steel worldwide grew 31.8% while demand only grew by 10.7%. "

[Popeye82]

17 die in Hunan coal mine blast - CER - May 31, 2010
www.chinaeconomicreview.com/dailybriefing/2010_05_31/17_die_…

"Seventeen coal miners were killed and one injured in an explosion in a mine near Chenzhou, Hunan province, Reuters reported, citing state media.

An explosion of dynamite created toxic gases that killed the workers at the privately owned Shuguang Coal Mine, according to an official at the State Administration of Work Safety. The Hunan government suspended all operations at coal mines in Chenzhou between last August and the end of the year following the death of 15 people at an accident in a graphite mine. More than 2,600 coal miners died in accidents and blasts in 2009. "

[Popeye82]

Hathor Exploration Limited: New Mineralization Discovered in Area 3 at Roughrider, With Assays Up to 26.5 m of 3.55% U3O8, Including 6.0 m of 14.46% U3O8 - Jun 02, 2010
www.marketwire.com/press-release/Hathor-Exploration-Limited-…

[Popeye82]

Sao Tome seeks signature bonus from Equator Exploration for two offshore blocks; Sao Tome and Principe will insist that Equator Exploration pays a signature bonus and proves it has solid finances before allowing it to develop two offshore oil blocks, a government official said on Tuesday - EP/NW - Jun 1, 2010
www.energy-pedia.com/article.aspx?articleid=140580&editionid…

[Popeye82]

TGS sees tougher drilling rules boosting seismic; TGS-NOPEC said demand for its seabed scans would probably rise as tougher drilling rules are implemented in the wake of BP's oil spill in the Gulf of Mexico -EP/NW - Jun 1, 2010
www.energy-pedia.com/article.aspx?articleid=140578&editionid…

[Popeye82]

Denmark: Noreco farms in to Elko Energy's 02/05 licence offshore Denmark; Norwegian Energy Company (Noreco) has entered into a farm in agreement with Elko Energy to become a 47% owner and operator for the 02/05 licence in Denmark - EP - Jun 1, 2010
www.energy-pedia.com/article.aspx?articleid=140577&editionid…

"Norwegian Energy Company (Noreco) has entered into a farm in agreement with Elko Energy to become a 47% owner and operator for the 02/05 licence in Denmark. Elko will retain 33% of the licence, while Nordsøfonden owns the remaining 20%.


The 02/05 licence is located on the Ringkøping Fyn High and the area covers several large Chalk and Rotliegendes prospects. Drilling costs in the area are expected to be moderate due to shallow water depths and relatively shallow drilling targets. The partners are currently undertaking technical studies to optimize the location for the first exploration well which is planned to be drilled in 2011.

Under the terms of the agreement, Noreco will reimburse Elko 959 000 USD for its share of past license cost. In the event of a discovery, Noreco will cover Elko's share of the costs associated with the discovery well production test.

Effective date of the transaction is 1 April 2010. The agreement is subject to approval from the Danish Energy Agency.


Licence 02/05




Elko Energy, which has been seeking a farm-in partner for several years, recently completed technical work covering Licence 02/05. Following the reprocessing of approx. 3,000 km² of seismic data, Gaffney Cline and Associates completed an evaluation of the chalk interval. The evaluation identified a large chalk channel some 90 km long by 10 km wide across the 02/05 licence. It has the potential to be a good reservoir quality sediment and a possible conduit for hydrocarbon migration. The chalk channel has the potential to hold a considerable volume of hydrocarbons which in a moderate assumption of oil-water contact could be 375 mbbl of recoverable oil. The new chalk prospect is in addition to the previously identified deeper Rotliegendes sandstone prospect. "

[Popeye82]

Falklands: Falkland Oil and Gas spuds Toroa F61/5-1 exploration well; Falkland Oil & Gas has announced that the Toroa F61/5-1 exploration well spudded on May 31 2010. The Toroa Prospect is located in Licence PL15 - EP - Jun 1, 2010

Toroa Prospect

+ Toroa is the first well to be drilled in East Falkland Basin

+ Toroa is a prospect within the Springhill Sandstone Play, which is the proven play in the Argentine Magallanes basin to the west

+ The Toroa Prospect is supported by a seismic amplitude anomaly and a positive CSEM response

+ Oil shows were encountered in the site survey core over the prospect

+ If Toroa is successful this would significantly reduce the risk on similar ‘follow-on’ prospects such as Lutra, Endeavour, Thulla & Inflexible

+ Toroa has potential mean reserves of: 1.7 billion barrels (un-risked) – P90: 380milion bbls, P10: 2.9 billion bbls

+ Drilled to a total depth of ~2,700m below sea level

+ Duration of well ~ 35days...
www.energy-pedia.com/article.aspx?articleid=140575&editionid…

[Popeye82]

China will lower domestic fuel prices - CER/WSJ - Jun 1, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_01/China_w…
http://online.wsj.com/article/SB1000142405274870340660457527…

"China will lower domestic fuel prices by almost 3% because of falling crude oil prices, the Wall Street Journal reported.

The National Development and Reform Commission (NDRC) announced yesterday that it will reduce gasoline prices by 2.8% to RMB230 (US$33.69) per metric ton and diesel prices by 2.9% to RMB220 (US$32.02) per ton. China will also lower No. 3 jet kerosene prices by US$32 per ton. The move is intended to hold consumer-price inflation within its target of 3% this year. A chief economist at the National Bureau of Statistics warned on Friday that Beijing will have difficulty keeping the consumer price index (CPI) under the target. The CPI rose 2.8% in April year-on-year and is expected to rise by 2.5% in the first half of 2010. "

[Popeye82]

China postpones CDS launch - CER/FT - Jun 1, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_01/China_p…
www.ft.com/cms/s/35ae0754-6c0a-11df-86c5-00144feab49a,Author…

"China has postponed a plan to introduce credit default swaps in domestic markets in the face of objections from regulators and officials, the Financial Times reported.

The plan to introduce CDS had enjoyed enough suport from the central bank to reach an advanced stage but was considered suspect by regulators given the role complex credit derivative instruments played in the global financial crisis. Supporters of the plan changed the name for CDS to "credit risk mitigation contracts" but the new name was not enough to convince regulators, who argued that China's bond market remains too immature to support such a scheme. Sources familiar with the project said that Beijing may allow a very small pilot project by the end of the year. "

[Popeye82]

Xinjiang Goldwind plans $1.2b IPO - CER/Reuters - Jun 1, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_01/Xinjian…
www.reuters.com/article/idUSTRE64U18F20100531

"Xinjiang Goldwind Science & Technology (002202.SZ) plans to raise US$1.2 billion in an initial public offering in Hong Kong, Reuters reported, citing sources with direct knowledge of the deal. A listing by China's second-largest wind turbine manufacturer would test investors' appetite for renewable energy, said analysts.

China Longyuan Power Group (0916.HK), the country's largest wind company, listed for US$2.2 billion last December. However, other companies such as China Tian Yuan Mining have canceled planned IPOs this month. Goldwind plans to offer 395.29 million shares, 15% of its enlarged share capital, with a price range of HK$19.80-23 (US$2.54-2.95). The H -share offering price range values Goldwind at 18.8-21.8 times projected 2010 earnings, said one source. Sources said that Goldwind's IPO will have a "greenshoe" option to increase the issue size by 59 million shares. On the Shenzhen exchange, Goldwind shares have increased by 27% this year, outperforming the Shanghai Composite Index's 19% decline. "

[Popeye82]

Chinese supercomputer is world's second-fastest - CER/BBC - Jun 1, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_01/Chinese…
http://news.bbc.co.uk/2/hi/technology/10181725.stm

"For the first time, a Chinese supercomputer has made the list of the world's top ten fastest calculating machines, the BBC reported.

The Nebulae, designed by the National Super Computer Center in Shenzhen, was ranked second in the world on the biannual top 500 supercomputer list. The rest of the list was dominated by the US, which made more than half of the world's fastest computers, including the fastest, called Jaguar.

The Jaguar, made by Cray Labs and owned by the Oak Ridge National Laboratory in Tennessee, has a top speed of 1.75 pentaflops, equal to 1,750 trillion calculations per second. China has 24 machines on the list; the Nebulae has a top speed of 1.20 pentaflops. Dawning, the company that built the Nebulae, is reportedly building an even faster machine in Tianjin, and developing its own silicon chips to power it. Commercial supercomputers are used primarily for industrial research such as aircraft design and oil exploration. "

[Popeye82]

Alderon Commences Drilling at Kami - Jun 02, 2010
www.marketwire.com/press-release/Alderon-Commences-Drilling-…

[Popeye82]

Colossus Minerals Commences Exploration on New Ground in the Serra Pelada Gold-Platinum-Palladium Project, Brazil - Jun 02, 2010
www.marketwire.com/press-release/Colossus-Minerals-Commences…

[Popeye82]

EnWave Wins Prestigious Canadian Technology Award - Jun 02, 2010
www.marketwire.com/press-release/EnWave-Wins-Prestigious-Can…

[Popeye82]

Blackline GPS Delivers Mobile Lone Worker Solution for AltaGas Utilities - Jun 01, 2010
www.marketwire.com/press-release/Blackline-GPS-Delivers-Mobi…

[Popeye82]

Recommended Acquisition of Black Marlin Energy Holdings Limited by Afren plc - Jun 02, 2010
www.marketwire.com/press-release/Recommended-Acquisition-of-…

[Popeye82]

H2O Innovation Recognized as One of Canada's 100 Fastest-Growing Companies Over the Last Five Years - Jun 02, 2010
www.marketwire.com/press-release/H2O-Innovation-Recognized-a…

[Popeye82]

Rio Alto Mining Limited: J.P. Morgan Asset Mangement (UK) Ltd. Placement, Management Realignment and Exercise of Warrants - Jun 02, 2010
www.marketwire.com/press-release/Rio-Alto-Mining-Limited-JP-…

[Popeye82]

Open Hydro Plans More Tidal Systems Worldwide - OR/IT - 6/2/2010
www.ocean-resources.com/industry-news.asp?newsid=8846

"TIDAL ENERGY: DUBLIN-based tidal energy firm OpenHydro is making significant progress in commercialising its technology and operations, having dramatically reduced the time it takes to manufacture and deploy them.

Having gone from making its first turbine by hand in Co Louth, the company has now developed a supply chain that sources components from around the world, the company’s chief executive James Ives told an audience at the Institute for International and European Affairs.

Working with suppliers in China, South Africa, North America, Europe, the UK and Ireland, it now has a production line that can build them to the highest standards of quality.

This has seen the time it takes to manufacture a turbine reduced to about eight weeks, whereas the first one took nine months to make.

The second stage in its commercialisation process has had a dramatic impact on the time it takes to deploy one of its turbines on the seabed using its innovative €5 million installation barge.

OpenHydro initially set a target of deploying a turbine within six hours. Any longer than that would mean that the direction of the tide would change and its engineers would have to alter the turbine’s position on the seabed. But it actually managed to do so, safely and securely, to almost pinpoint accuracy, and correctly aligned the turbine with the flow of water within 20 minutes.

“This has had a transformational impact on the economics of installing our turbines. We have gone from a potential cost of €24 million to install a 1MW turbine to the point where we have installed one in Nova Scotia, Canada at a cost of €3 million. So we’ve taken a huge amount of cost out of deploying one of these.

“You could have more than one installation barge in operation so that installing a 100MW array of our turbines could be done quite quickly through a very flexible process at the lowest possible cost,” he said.

Currently optimising its technology for French power company EDF, OpenHydro is also aiming to deploy its tidal turbines in Scotland, the Channel Islands and the US, in addition to the ones already in operation in Canada and Scotland.

(Irish Times) "

[Popeye82]

Gold Resource Corporation Announces Gold Discovery Intercepting 9.9g/t Gold and 598g/t Silver Over 0.73 Meters in New Area of El Aguila Project - Jun 2, 2010
http://finance.yahoo.com/news/Gold-Resource-Corporation-iw-2…

[Popeye82]

South African gold output falls hard - Miningmx - Jun 2, 2010

- by Allan Seccombe -
www.miningmx.com/news/gold_and_silver/South-African-gold-out…

[Popeye82]

Western Potash Corp. Upgrades Measured and Indicated Potash Resource to 174 Million Tonnes - Jun 3, 2010
www.financialpost.com/markets/news/Western+Potash+Corp+Upgra…

[Popeye82]

Mindoro Continues to Intersect Thick Nickel Laterite Mineralization at Agata - Jun 03, 2010
www.marketwire.com/press-release/Mindoro-Continues-to-Inters…

[Popeye82]

AuEx Ventures, Inc.: Initial West Pequop Gold Resource - Jun 03, 2010
www.marketwire.com/press-release/AuEx-Ventures-Inc-Initial-W…

[Popeye82]

Ressources Appalaches Signs a $5,100,000 Agreement With Strikepoint Gold for Dufferin Gold Project - Jun 3, 2010
www.marketwire.com/press-release/Ressources-Appalaches-Signs…

[Popeye82]

Golden Chalice Resources Receives NI 43-101 Property of Merit Report for Radio Hill Iron Ore Property - Jun 03, 2010

+ Several historical, non- NI 43-101 compliant resource estimates have been completed on Radio Hill ranging from 90 million tons grading 27.3% soluble iron to 427 million tons grading 27.3% soluble iron estimated by drilling and bulk tonnage sampling

+ Historic metallurgical tests indicate the potential to produce 63 to 65% iron concentrate

...


Conclusions/recommendations of the report:

+ Based on all of the historical documentation reviewed, results of GCR's exploration and its site visit to the property, Micon concludes that a moderate sized iron resource is likely to exist at Radio Hill that may be developed commercially as a conventional iron ore operation. Existing infrastructure is in place including a railroad siding previously built to access iron-ore; hydroelectric power, water and natural gas.

+ Historic metallurgical test work indicated that a commercially acceptable iron concentrate could be produced from Radio Hill mineralized material using magnetic separation followed by flotation

+ There is an opportunity for development of the Radio Hill iron resource as feed for direct reduced iron (DRI) such as the Kobe ITmk3 iron nugget process

+ The part of the Radio Hill deposit that is thickened by folding is open (i.e., untested by drilling) down plunge to the northwest

+ $3.5 million exploration program has been outlined by MICON to advance the project and provide the data necessary to commission a NI 43-101 Resource Estimate

+ Although the historical resource and reserve estimates were prepared to the standards of the day, since none of the original core remains available and only limited amounts of the original metallurgical testwork remains, none of the iron resources at the Radio Hill property meet the requirements for a 43-101 compliant mineral resource

+ The historical metallurgical testwork completed on the Radio Hill property was well done but additional work, including pilot plant testing of representative blended samples, must be undertaken ...
www.marketwire.com/press-release/Golden-Chalice-Resources-Re…

[Popeye82]

Facebook CEO says no date in mind for IPO - WN, PALOS VERDES - Jun 3, 2010
http://article.wn.com/view/2010/06/03/Facebook_CEO_says_no_d…

[Popeye82]

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[Popeye82]

[PLV] Resource upgrade - Australianinvestor - 4-Jun-2010
www.australianinvestor.com.au/news.asp?id=38183
www.stocknessmonster.com/news-item?S=PLV&E=ASX&N=337298

"Pluton Resources Limited today announced an upgrade of the Inferred Mineral Resource reported in accordance with the JORC Code, for the Hardstaff Peninsula on Irvine Island incorporating the latest available Phase II drilling results.

At Yampi Member the existing Inferred Mineral Resource of 54Mt @ 49% Fe at a cut-off grade of 30% Fe has been upgraded to 90 Mt @ 46% Fe using a cut-off grade of 30% Fe.

The Inferred Mineral Resource for the Yampi Member includes a higher grade component of 50 Mt @ 52 % Fe using a cut-off grade of 50% Fe.

Maiden Inferred Mineral Resource for the Wonganin Sandstone is 204 Mt @ 23% Fe.

The Phase II drilling programme on the Hardstaff Peninsula is continuing. The diamond drill rig has moved further to the north on the western side of the Hardstaff Peninsula and is currently drilling site 18. Drilling has been completed at site 16 and two holes, ID16A and ID16B are being logged, cut and prepared for dispatch to Ultra Trace Laboratories in Perth for analysis.

Additional helicopter transportable accommodation units have been ordered and existing camp infrastructure is being upgraded in preparation for the mobilisation of a second drill rig to Irvine Island in July 2010. "

[Popeye82]

[CGM] Outstanding gold assays - Australianinvestor - 4-Jun-2010
www.australianinvestor.com.au/news.asp?id=38181
www.stocknessmonster.com/news-item?S=CGM&E=ASX&N=493373

"Cougar Metals NL today announced that numerous high grade gold assay results have been returned from rock grab, chip and channel sampling programmes at the Company’s Alta Floresta Gold Project in Mato Grosso State, Brazil.

In the Apiacas District gold grades up to 1,420g/t in quartz veins confirmed bonanza-style mineralisation at Ceara prospect and gold grades up to 44.9g/t and silver grades up to 364g/t were discovered in quartz veins and mineralised wallrock at Sitio Santa Fe prospect.

While at the Peixoto District gold grades up to 626g/t in a 70 centimetre wide quartz vein revealed new Filao do Luizao prospect and there was confirmation of a 10 kilometre gold mineralised shear zone including Flor da Serra, Peteca and Queiroz prospects.

The results were returned from samples collected during target development work in the Apiacas and Peixoto Districts. The Company considers the results as extremely encouraging and confirming the high exploration potential of the Alta Floresta Gold Project.

Sampling at an additional nine targets is scheduled over the next month in the Peixoto district. When this work is finished, all targets will be ranked and prioritised for detailed work programmes. The Company anticipates that these programmes will include systematic trenching and induced polarisation (“IP”) geophysical programmes, followed by drilling. "

[Popeye82]

[FRS] Drilling indicates mineralisation continues - Australianinvestor - 4-Jun-2010
www.australianinvestor.com.au/news.asp?id=38180
www.stocknessmonster.com/news-item?S=FRS&E=ASX&N=493374

"FerrAus Limited has announced results from recent RC drill holes at the Mirrin Mirrin Prospect in the Davidson Creek Area.

These results, from exploration holes drilled since March 2010, are outside the defined resource area and indicate that mineralisation is continuous along strike and down dip to the north, with low to medium grade mineralisation to the south interpreted as detrital material.

The resource area for Mirrin Mirrin is a product of 2009 drilling. Exploration efforts this calendar year have built upon that success.

A number of the results at a greater than 55% Fe content cut-off, have excellent “ore” grade interceptors with the best drill hole result identified as a 64 metre intersection at 59.53% Fe.

Exploration RC drilling at Mirrin Mirrin is currently underway. Drilling for this next phase is scheduled to be completed by mid June, ready for resource assessment in July. "

[Popeye82]

[CHN] Maiden 760,000oz ore reserve for Zara Gold Project - Australianinvestor - 4-Jun-2010
www.australianinvestor.com.au/news.asp?id=38177
www.stocknessmonster.com/news-item?S=CHN&E=ASX&N=493427

"Chalice Gold Mines Limited today announced a maiden ore Reserve of 760,000 ounces for the Koka Gold Deposit, part of its 80% owned Zara Project in Eritrea, East Africa.

The statement has been compiled by independent consultants, AMC Consultants Pty Ltd and incorporates data from 139 diamond drill holes totalling 23,000m.

The new resources and reserves statement is a critical component of the Feasibility Study currently being conducted by independent consultants Lycopodium Minerals, AMC and Knight Piésold. The Feasibility Study will be completed in July 2010. "

[Popeye82]

[BTR] Start-up of drilling at Mumbwa JV project - Australianinvestor - 4-Jun-2010
www.australianinvestor.com.au/news.asp?id=38176
www.stocknessmonster.com/news-item?S=BTR&E=ASX&N=493381

"Blackthorn Resources Limited has announced that the Phase 4 drilling program has commenced at the Mumbwa Joint Venture Project in Zambia. The Mumbwa area is being explored for Iron-Oxide Copper Gold style of mineralisation similar to Olympic Dam, Ernest Henry and Prominent Hill in Australia.

The current Phase 4 drilling program is being managed and funded by JV partner BHP Billiton (40%) and includes drilling approximately 10,100m from 12 planned targets. The total amount of drilling proposed was increased from 9,000m following further review of geophysical data by BHP Billiton. In conjunction with the drilling program, BHP Billiton is testing the effectiveness of an Induced Polarisation geophysical survey which may generate further target sites for drilling.

The Phase 4 drilling program is focused on the Mushingashi and Mutoya anomalies, which are situated along a regional-scale ‘density anomaly’ containing some co-incident magnetic and radiometric anomalies. This geophysical feature has a strike length of approximately 19km and extends from the Kitumba inferred mineral resource area in the south towards the north-northwest. "

[Popeye82]

[VMT] Vmoto acquires remaining 40% of E-Max - Australianinvestor - 4-Jun-2010
www.australianinvestor.com.au/news.asp?id=38175
www.stocknessmonster.com/news-item?S=VMT&E=ASX&N=493391

"Vmoto Limited today announced that it has signed a Heads of Agreement with the minority shareholders in Vmoto E-Max Electric Vehicle Company, Nanjing, to acquire the remaining 40% interest in the issued capital of VE-Max and take Vmoto’s interest to 100%.

E-Max is one of the world’s leading manufacturers of electric scooters, with a Munich based development centre and a production base in China. As announced on 10 December 2010 and 21 December 2010, Vmoto owns 60% of VE-Max, following a payment of €1.0million (AUD$1,640,000) to the existing E-Max shareholders and a €2.5million (AUD$4,100,000) capital injection to the new company.

Since January 2010, the existing management and manufacturing plant and equipment of E- Max have been transferred to Vmoto’s state of the art new scooter assembly plant in Nanjing, China. This transfer was concluded in mid May 2010 and mass production for a growing order book has now commenced from the Nanjing facility. "

[Popeye82]

[AQA] Major poject facilitation satus for West Pilbara Project - Australianinvestor - 4-Jun-2010
www.australianinvestor.com.au/news.asp?id=38173
www.stocknessmonster.com/news-item?S=AQA&E=ASX&N=493400

"Aquila Resources Limited today advised that the West Pilbara Iron Ore Project (Project) (owned 50% by Aquila), has been granted Major Project Facilitation (MPF) status by the Federal Minister for Infrastructure, Transport, Regional Development and Local Government.

The grant of MPF status provides a service to support a timely and efficient Commonwealth Government approvals process for the development of the Project. This status has been granted through to 30 December 2013, by which time all major Project milestones are expected to have been achieved.

A Measured, Indicated and Inferred Resource of 742 million tonnes has been identified on the Project tenements in the Western Pilbara. Strong support has been received from the iron ore market, with 31 Memoranda of Understanding signed with Chinese, Japanese and Korean steel mills to investigate the performance of the West Pilbara Iron Ore Project product in their respective sinter plants.

A Definitive Feasibility Study (“DFS”) for Stage 1 of the Project, based on the production of at least 30Mtpa of direct shipped ore, using a newly constructed, 280km dedicated rail connection from the mine to Anketell Point, as well as port facilities at that site, is due this Quarter of 2010. "

[Popeye82]

Putting the Forklift before the Horseless Carriage; Hydrogen fuel cells tested in forklifts provide data on performance and safety key to widespread use of the power plants in cars and trucks - NREL - Jun 3, 2010
www.nrel.gov/features/20100603_fuelcell.html

[Popeye82]

Lithium One and Korea Resources Corporation Announce Development Joint Venture at Sal de Vida Lithium Brine Project, Argentina - Jun 4, 2010

Highlights

+ KORES to earn 30% project interest by funding up to US $15 million towards a resource development program and delivering a Definitive Feasibility Study.

+ KORES to provide Project Completion Guarantee.

+ KORES to purchase up to 50% of lithium and to have certain marketing rights for lithium in China, Japan and Korea.

+ Lithium One retains rights to market 100% of the future potash production.

+ KORES signs MOU with GS Caltex and LG International to complete a consortium. ...
www.lithium1.com/news_.php?url=http%3A%2F%2Fcnrp.marketwire.…

[Popeye82]

Flinders Mines - Significant Increase in Global and Higher-Quality - May 20, 2010

Highlights:

+ Global Resource increase to 658.3 Mt @ 55.4%Fe, an
increase of 20%

+ Includes a 347.7 Mt at 57.4% Fe higher-quality Indicated and
Inferred Resource

+ Drilling continues at the project with a third rig commencing at
the end of the month

+ Further resource increase expected from 2010 exploration
program ...
www.stocknessmonster.com/news-item?S=FMS&E=ASX&N=178229

[Popeye82]

Salares Lithium Provides Project Update Including Execution of a Drill Contract - Jun 04, 2010
www.marketwire.com/press-release/Salares-Lithium-Provides-Pr…

[Popeye82]

GLG Life Tech Corporation Announces MOU Signed With Leading Sugar Producer Grupo Azucarero Mexico - Jun 04, 2010
www.marketwire.com/press-release/GLG-Life-Tech-Corporation-A…

[Popeye82]

Chairman and CEO Give Assurance that BP will Meet its Obligations in Gulf Of Mexico -OR - 6/4/2010
www.ocean-resources.com/industry-news.asp?newsid=8856

"BP's Chairman Carl-Henric Svanberg and Group Chief Executive Tony Hayward told shareholders today that the company's response to the Gulf of Mexico oil spill is their top priority, along with rebuilding trust and confidence in BP and ensuring that such an accident never happens again. Both Svanberg and Hayward expressed their deep regret and sorrow for the tragedy.

Svanberg underscored the company's commitment to mitigating damage from the oil spill. "The Board of BP has been clear from the outset that all resources available to the company should be applied to meeting BP's responsibilities in addressing these events," he said. "The task is by no means complete and we have a long way to go. This is a tough job and Tony and the team continue to work relentlessly. They have all our support.

"In conjunction with the US authorities, a massive response has been mobilised which is focussed immediately on containing and stopping the flow of oil. We will also continue to apply all of the necessary resources to the aftermath, both in the clean-up operation and in remediation and payment of legitimate claims. These are our most critical and immediate tasks. We will meet our obligations both as a responsible company and also as a necessary step to rebuilding trust in BP as a long term member of the business communities in the US and around the world. This is in the interest of all our stakeholders."
Turning to BP's financial position, Svanberg said: "It remains our aim as always to strike the right balance for shareholders between current returns through the dividend, sustained investment for long term growth and maintaining a prudent gearing level. We will do all we can to protect and grow the value of the company in which you have invested.

"We fully understand the importance of our dividend to our shareholders. Future decisions on the quarterly dividend will be made by the Board, as they always have been, on the basis of the circumstances at the time. All factors will be considered and the decision taken in the long term interests of the shareholders."
In commenting on the significant financial costs of the incident, the company pointed out that:
BP has already spent over $1 billion in gross direct costs for the response, clean up and relief wells.
Spending at this rate is expected to continue for some time beyond successful completion of work to stop the flow of oil from the damaged well. Any fines and penalties would present additional costs.
The costs of containment, removal and clean up are likely to be largely complete in 2010.
The longer-term costs of environmental remediation, claims and litigation are not predictable at this stage, but they will be sizeable and are likely to be spread over many years.
Hayward assured shareholders that the company was prepared to meet those costs. "We will also meet our obligations to our employees, and to our other stakeholders, including hundreds of thousands of shareholders, and millions more savers in mutual and pension funds, who rely on their investment in BP as part of their financial security and in many cases their retirement income. The financial consequences of this incident will undoubtedly be severe, but BP is a strong company and we have weathered many storms before."

Hayward said: "Everyone at BP is heartbroken by this event, by the loss of life and by the damage to the environment and to the livelihoods of the people of the Gulf Coast. It should not have happened and we are bound and determined to learn every lesson to try and ensure it never happens again."

"We will stand by our obligations," he added. "We will halt this spill and put right the damage that has been done. We will rebuild the confidence of the American people and the world in BP."
In its March presentation, prior to the Gulf of Mexico incident, BP indicated that its cash inflows and outflows were balanced at an oil price of around $60/barrel. "Under the current trading environment we are generating significant additional cash flow," Hayward said. "In addition, our gearing is currently below the targeted range, and our asset base is strong and valuable, with more than 18 billion barrels of proved reserves and 63 billion barrels of resources. All of this gives us significant flexibility in dealing with the costs of this incident."

Hayward announced that BP will create a separate stand-alone organisation to manage the long-term response once the spill is over. Managing Director Bob Dudley will lead this new organisation reporting directly to the Group Chief Executive.

"This step will ensure that we maintain focus on both the massive response effort and our duties towards our ongoing businesses," said Hayward. "I remain personally committed to making this right." "

[Popeye82]

IBC Advanced Alloys Announces German Distributor Agreement - Jun 04, 2010
www.marketwire.com/press-release/IBC-Advanced-Alloys-Announc…

[Popeye82]

Salazar Authorized to Recommence Exploration at Curipamba - Jun 04, 2010
www.marketwire.com/press-release/Salazar-Authorized-to-Recom…

[Popeye82]

Six Giant Banks Made $51 Billion Last Year; The Other 980 Lost Money - Forbes - Jun 4, 2010

- Robert Lenzner -
www.forbes.com/2010/06/03/goldman-sachs-citigroup-markets-le…

"An oligopoly of Goldman, BofA, JPMorgan, Morgan Stanley, Citi and Wells Fargo is flourishing.

Focus hard on this shocking Wall Street reality: The top six bank holding companies earned an aggregate of $51 billion in pretax income in 2009. We're talking about JPMorgan Chase, Goldman Sachs, Bank of America, Morgan Stanley, Citigroup and Wells Fargo.


All of this pretax income can be attributed to their trading revenues of $59.7 billion. The proprietary trading operations of an oligopoly of banks, saved from disaster by Uncle Sam's largesse and subsidized with cheap money from the central bank, was the single driving force behind the restoration of their fortunes and the renewed surge in their stock prices.

For those willing to go long when the outlook was the bleakest, they've banked a double in JPMorgan Chase ( JPM - news - people ), scored a quadruple in Citigroup ( C - news - people ) and nearly a quintuple in BofA.

Some of the other 980 bank holding companies--like Bank of New York Mellon ( BK - news - people ), PNC Financial Services, U.S. Bancorp ( USB - news - people ) and M&T Bank ( MTB - news - people )--lost an aggregate of $19 billion for the 2009 year. Bank of New York Mellon had the seventh-largest trading revenue--it was just 1.6% of the total. By comparison, Goldman Sachs ( GS - news - people ) had 36.2%, Bank of America ( BAC - news - people ) 18.8%, JPMorgan Chase 15.4%, Morgan Stanley ( MS - news - people ) 11.3%, Citigroup 6.9% and Wells Fargo ( WFC - news - people ) 4.2%.


Trading Revenue at U.S. Bank Holding Companies in 2009

All data from December 2009 FR Y-9C filings. Dollar amounts in millions.

Total Assets, Dec. 31, 2009; Trading Revenue; As a Percentage of Industry Trading Revenue

1 Goldman Sachs Group $849,278 $23,234 36.2%
2 Bank of America 2,224,539 12,067 18.8%
3 JPMorgan Chase 2,031,989 9,870 15.4%%
4 Morgan Stanley 771,462 7,279 11.3%
5 Citigroup 1,856,646 4,448 6.9%
6 Wells Fargo 1,243,646 2,674 4.2%
7 Bank of New York Mellon 212,336 1,032 1.6%
8 State Street 156,756 598 0.9%
9 Northern Trust 82,142 508 0.8%
10 MetLife 539,314 361 0.6%
11 GMAC 172,313 173 0.3%
12 PNC Financial Services Group 269,922 170 0.3%
13 U.S. Bancorp 281,176 163 0.3%
14 Fifth Third Bancorp 113,380 125 0.2%
15 SunTrust Banks 174,166 100 0.2%

Sum: Top 15 Banks by Trading Revenue 62,803 97.8%

Remaining Bank Holding Companies 1,399 2.2%

Total: All Bank Holding Companies (986 banks) 64,202 100.0%


Even more fascinating for public policy reasons, Goldman Sachs' trading revenue was 119% of its own pretax income. Bank of America's trading was 262.8% of its pretax income and Morgan Stanley's trading was an incredible 849.4% of its pretax income.


Trading Revenue at U.S. Bank Holding Companies in 2009

All data from December 2009 FR Y-9C filings. Dollar amounts in millions.

Total Assets, Dec. 31, 2009; Trading Revenue; Pretax Income As a Percentage of Pretax Income

1 Goldman Sachs Group $849,278 $23,234 $19,451 119.4%
2 Bank of America 2,224,539 12,067 4,592 262.8%
3 JPMorgan Chase 2,031,989 9,870 16,149 61.1%
4 Morgan Stanley 771,462 7,279 857 849.4%
5 Citigroup 1,856,646 4,448 (7,799) N/R
6 Wells Fargo 1,243,646 2,674 17,998 14.9%
Top 6 Aggregate 59,572 51,248 116.2%

7 Bank of New York Mellon 212,336 1,032 2,626 * 39.3%
8 State Street 156,756 598 2,527 23.7%
9 Northern Trust 82,142 508 1,255 40.5%
Trust and Custody Banks Aggregate 2,139 6,408 33.4%

10 MetLife 539,314 361 (2,798) N/R
11 GMAC 172,313 173 (7,939) N/R
534 (10,737) N/R
12 PNC Financial Services Group 269,922 170 3,324 5.1%
13 U.S. Bancorp 281,176 163 2,632 6.2%
14 Fifth Third Bancorp 113,380 125 767 16.3%
15 Sun Trust Banks 174,166 100 (2,450) N/R

Banks Nos. 12 to 15 Aggregate 558 4,273 13.1%

Remaining 971 Bank Holding Companies Aggregate 1,399 (19,284) N/R

All Bank Holding Companies (986 banks) Aggregate 64,202 31,908 201%

* Excludes $4.8B in securities losses related to restructuring of Bank of New York Mellon's investment securities portfolio in Q3 2009. "N/R" = Not relevant.


Trading profits--better known in the proposed financial reform legislation as proprietary or "prop"--trading are the target of former Fed chief Paul Volcker's crusade to prohibit or severely limit bank holding companies that have public deposits from this speculative activity.

Wall Street's gravy train is in danger of being hijacked. Investors beware; the Volcker rule is the single biggest threat to the share price of the oligopoly. Another threat is the cap on future growth of the oligopoly.

The bill requires Federal Reserve approval for bank holding companies with assets over $50 billion before they can acquire a wide range of other nonbank financial companies, like asset managers with more than $10 billion in assets. Just how big a threat is clear from first-quarter 2010 earnings: Trading revenue at Goldman Sachs increased by 61% to $9 billion; Bank of America and JPMorgan Chase saw their trading revenue more than double from 2009.

Even more amazing, Goldman Sachs, Bank of America and JPMorgan Chase did not lose money during any single trading session of the 2010 first quarter. This astonishing performance underscores the casino the oligopoly has become. It bears testament to the payoff from the Wall Street bailout of 2008, which resulted in the elimination of competition and the concurrent strengthening of the few giants left standing.

They have taken advantage of their opportunity to grow more powerful by absorbing crippled institutions like Merrill Lynch and Wachovia. JPM's trading revenue is up 127% over a year ago; Morgan Stanley's is up 176%. Citigroup's and Wells Fargo's revenues from trading are down roughly 30% each.

Public policy has benefited the oligopoly at the cost of hurting some of the other 980 bank holding companies in the nation. The financial overhaul bill unfairly penalizes any bank with more than $50 billion--even if it is a retail bank serving Main Street, making loans to small business and mortgages to ordinary people, not billionaire hedge fund managers.

It's just plain unfair to subsidize the oligopoly while penalizing the regional banks with a tax to prepare for the next too-big-to-fail episode. Because sooner or later a member of the oligopoly is going to climb out on a limb and need rescuing.

Maybe the price-earnings multiple and the premium over book value for this oversized oligopoly should be penalized by the marketplace. Burst the potential bank bubble now. "

[Popeye82]

Padbury Mining - MOU with Chinese Investor - May 28, 2010
www.stocknessmonster.com/news-item?S=PDY&E=ASX&N=492431

[Popeye82]

Carbon Market News - Jun 5, 2010
www.pointcarbon.com


"Today's headlines

*Fires jeopardise Brazil's deforestation efforts: report
*Carbon steady as traders eye UK auction
*Carbon market to lobby against trading curbs
*UN mulls plans to slash HFC CER supply
*Brussels sees closer watch on opt-out auctions
*EU considers energy tax for non-ETS sectors
*New Japanese PM vows action on climate change
*Japan unveils $4 bn of climate cash spending
*RGGI volume fades ahead of next week’s auction
*EU reveals "fresh" climate cash sources "

[Popeye82]

Sandspring Presents Updated NI 43-101 Mineral Resource Estimate for Toroparu Gold-Copper Project, Guyana; Drilling Continues - Jun 3, 2010

Highlights include:

+ Confirmation of over 100 million tonnes of Indicated gold-copper mineralization within a single Open Pit optimized pit shell on high ground that is presently road accessible to tidewater (Table 1);

+ Mineral resource sensitivities that feature potentially designable and near-surface open-pit minable grade shells (Table 2). A higher grade Indicated mineral resource shell of approximately 38 Mt at an average grade of 1.47g/t AuEq offers potential for design of a starter pit (subject to the findings of a proposed Preliminary Economic Assessment). ...
www.sandspringresources.com/s/PressReleases.asp?ReportID=402…

[Popeye82]

Cluff Gold plc - Announces increased Mineral Resource Estimate at its Baomahun Gold Project, Sierra Leone - Jun 04, 2010

Highlights:

+ Total Measured and Indicated Mineral Resources have increased by 27% to 1.4 million ounces of gold (15,096,000 tonnes grading 2.92 g/t);

+ Inferred Resources now stand at 1.03 million ounces of gold (12,168,000 tonnes grading 2.64 g/t);

+ The new resource figures will be incorporated into the Preliminary Assessment (Scoping Study) which is due to be completed by the end of this month;

+ Further drilling is planned over new anomalies identified by the encouraging heliborne VTEM (Versatile Time-Domain Electromagnetic) survey announced by the Company on 9 April 2010. This drill programme will continue until the onset of the rainy season in August. ...
http://online.hemscottir.com/servlet/HsPublic?context=ir.acc…" target="_blank" rel="nofollow ugc noopener">http://online.hemscottir.com/servlet/HsPublic?context=ir.acc…

[Popeye82]

Ormonde Mining - Barruecopardo - Doubling and major upgrade of Mineral Resource - May 27, 2010

+ High Grade - 10.9 Mt grading 0.45% WO3 Inferred Mineral Resource

+ Deposit open along strike and at depth – likely long life mine

+ Low capital cost - €20-25M

+ Forecasted operating cost in the lower end of western world costs

+ Initial production rate 400,000 tonnes per year, to initially produce 130,000-150,000 metric tonne units (Mtu) of tungsten trioxide (WO3) per year - (This equates to 1,000-1,200 tonnes of Tungsten metal). Scope to increase substantially post start up.

+ 80% recovery to a 65% WO3 (industry standard) scheelite concentrate using simple gravity processing. Premium grade 77.8% achievable while maintaining overall recovery.
Low cost gravity processing due to coarse mineralisation
Well serviced and politically stable location

+ 2012 production target ...
www.ormondemining.com/en/projects/barruecopardo_tungsten_pro…

[Popeye82]

Cardero Iron Ore President &CEO Glenn Hoffman Receives Prestigious Society of Metallurgical Engineers Antoine M. Gaudin Award - Jun 03, 2010
www.marketwire.com/press-release/Cardero-Iron-Ore-President-…

[Popeye82]

Manufacturing growth slows across Asia - CER/WSJ - Jun 2, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_02/Manufac…
http://online.wsj.com/article/SB1000142405274870449020457527…

"Manufacturing growth in China and other Asian economies slowed in May, the Wall Street Journal reported.

Beijing's official purchasing managers index (PMI) fell to 53.9 in May from 55.7 in April as credit tightening policies appeared to take hold. A similar index produced by HSBC also showed a slowdown in growth, from 52.7 down from 55.2 in April. Manufacturing growth in Australia, Taiwan and South Korea also slowed, although India managed to post the highest increase in 27 months. The results have provoked concerns that the global economic recovery remains weak, and had a negative impact in the Chinese markets and on currencies such as the euro and the Australian dollar. HSBC economic Qu Hongbin said in a research note that private consumption and infrastructure investment in China remain strong, reducing the risk of a double-dip slowdown in China. Frederic Neumann, senior Asian economist at HSB, pointed out that inventories are still lean, and therefore any increase in demand will quickly feed back into production growth. "

[Popeye82]

Japan, China agree on gas field dispute talks -CER/DJ - Jun 2, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_02/Japan_C…
http://online.wsj.com/article/BT-CO-20100531-700799.html?mod…

"Japan and China have agreed to launch formal negotiations on a long-standing territorial dispute over gas field development in the East China Sea, Dow Jones reported.

Japanese Prime Minister Yukio Hatoyama and visiting Chinese Premier Wen Jiabao also agreed to establish a diplomatic hotline between the countries. However, the two sides failed to agree on a common approach to North Korea's alleged sinking of a South Korean navy vessel earlier this month. While Japan has already accepted the findings of an international investigation that blamed North Korea for the attack, China has stated it will remain "neutral." "

[Popeye82]

China to subsidize hybrid, electric vehicle purchases - CER/WSJ - June 2, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_02/China_t…
http://online.wsj.com/article/SB1000142405274870396120457528…

"The Chinese government will subsidize purchases of plug-in hybrid and battery-powered cars in a pilot program, the Wall Street Journal reported.

Buyers of purely electric vehicles will receive up to US$8,8000 and buyers of qualified gasoline-electric hybrids will receive US$7,333. The two-year program will start this year in Shanghai, Hangzhou, Changchun, Shenzhen and Hefei. Auto executives said the subsidies are likely to only be applied to domestic brands, although the government's statement was not explicit on the point. Most likely to benefit from the policy is Chinese electric car maker BYD (1211.HK), which has already launched a fleet of electric taxis in Shenzhen this year. Nissan Motor (7201.TYO) is planning to introduce its all-electric Leaf model in China next year, but it is unlikely to benefit from the subsidies. Nissan executives said that if such subsidies were offered, the company would consider producing the car in China. "

[Popeye82]

Volta Extends Gold Mineralization Further South At Its Kiaka Gold Project; Intersects 142 Meters at 1.04g/t Gold, Including 9.0Meters at 2.64g/t Gold - Jun 03, 2010
www.voltaresources.com/s/NewsReleases.asp?ReportID=402812&_T…

[Popeye82]

Northland Signs First Offtake Agreement - Jun 03, 2010
www.northlandresourcesinc.com/s/NewsReleases.asp?ReportID=40…

[Popeye82]

Dyesol debuts in Bloomberg’s top five New Energy Pioneers - GTI/Reuters - Mar 23, 2010
http://greentechnologyinvestments.kontentkonsult.com/2010/03…

"Dyesol Limited (ASX: DYE) is one of only five companies in the world and the only Australian company to make the Bloomberg New Energy Finance New Energy Pioneers.

New for the 2010 Bloomberg New Energy Finance Summit, the Pioneers Programme recognises five companies that Bloomberg New Energy Finance analysts consider to be highly promising and progressive in the field of new energy technology and innovation.

The companies – AlertMe, Magnomatics, Novacem, Topell Energy and Dyesol – represent a range of sectors, from energy storage conversion to energy efficiency and transportation. The companies were recognized at the third annual Bloomberg New Energy Finance Summit in London yesterday.

“Bloomberg New Energy Finance chose these companies because we feel they are potential ‘game changers’ in new energy technology and innovation,” said Michael Liebreich, chief executive of Bloomberg New Energy Finance.

“The work they are doing is progressive and significant to the future of the energy sector, and they could play a significant role in the world’s transition to a lower carbon, more secure, smart, decentralised energy system.”

According to Dyesol’s executive chairman Mr Richard Caldwell, “To be included in the Bloomberg New Energy Finance New Energy Pioneers is a magnificent achievement for Dyesol. We are indeed proud and honoured to be recognised, as the world leader in our field,” he said.

In a world class performance, Dyesol also announced last week that the company has partnered with one of the world’s largest glass makers Pilkington North America to develop and commercialise glass with power generating capabilities.

Initially the collaboration will address the non-view glass market (spandrel) which accounts for 40 per cent of the total glass market.

The global market for flat glass is estimated to be 6 billion square metres in 2010 and growing at 5 per cent a year. "

[Popeye82]

Xstrata ‘Optimistic’ Australian Tax Will Be Revised - BB - Jun 06, 2010

- By Angus Whitley -
www.businessweek.com/news/2010-06-06/xstrata-optimistic-aust…

"June 6 (Bloomberg) -- Xstrata Plc, which has shelved spending on A$6.6 billion ($5.6 billion) of Australian projects because of a planned mining tax, said it’s “optimistic” the levy will be changed after future talks with the government.


Xstrata, based in Zug, Switzerland, said June 3 that A$586 million of work expanding the Ernest Henry copper mine and the A$6 billion Wandoan coal project aren’t viable under the new tax. The announcement made the company the first global miner to suspend major work because of Prime Minister Kevin Rudd’s planned levy on mine profits.

“We’re optimistic the tax as proposed will be revised and rethought in total,” Xstrata Coal Chief Executive Officer Peter Freyberg said in an interview with Sky News broadcast in Australia today. “We would like to engage in discussions to try and find a way forward for these projects.”

Freyberg said in the interview that the shelved projects could “possibly” be implemented rather than scrapped. Still, that won’t be possible if the tax proposal goes ahead unchanged, he said.

“Xstrata wants to show they are open to dialogue, but those talks have to involve the government reanalyzing this proposal and starting from scratch,” Gavin Wendt, senior resource analyst with Mine Life Pty in Sydney, said by phone. “I can’t see the government backing down. It would be political defeat. We’re going to see a stalemate.”


Media Battle

The desire for talks comes as the media and advertising battle between Rudd’s government and those against the tax, including the Minerals Council of Australia, intensifies.

BHP Billiton Ltd. and Rio Tinto Group, which are reviewing projects in Australia, are campaigning against the tax. Fortescue Metals Group Ltd., Australia’s third-largest iron ore producer, last month put $15 billion of projects on hold. Xstrata is the world’s largest thermal coal exporter.

Last week, the head of Australia’s sovereign wealth fund, the Future Fund, became the latest business leader to criticize the planned 40 percent tax on so-called super profits. David Murray, the fund’s chairman, said the tax should be amended or scrapped and shouldn’t apply to existing projects.


Editors: Anand Krishnamoorthy.

To contact the reporter on this story: Angus Whitley in Sydney at [e-mail]

To contact the editor responsible for this story: Mike Millard at [e-mail] "

[Popeye82]

Gold To Go stellt ersten Goldautomaten in Abu Dhabi auf - GI - May 17, 2010
www.goldinvest.de/index.php/gold-to-go-stellt-ersten-goldaut…

[Popeye82]

Tiger Resources meldet Kapitalerhöhung von 21,85 Mio. australischen Dollar - GI - Jun 2, 2010
www.goldinvest.de/index.php/tiger-resources-meldet-kapitaler…

[Popeye82]

Wirtschaft in der Eurozone wächst im ersten Quartal leicht - Financial.de, BRÜSSEL - Jun 4, 2010
www.financial.de/news/agenturmeldungen/eurozone-wirtschaft-w…

[Popeye82]

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[Popeye82]

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[Popeye82]

Man kills self, 3 judges in court - CER/AP, BEIJING - Jun 2, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_02/Man_kil…
www.google.com/hostednews/ap/article/ALeqM5h7rQw-0lh5S5tnHUa…

"A 46 year-old man broke into a court office in Hunan on Tuesday and shot six people before killing himself, the AP reported.

Zhu Jun, head of security at the Lingling district post office in Yongzhou, Hunan, killed three judges and wounded three others before taking his own life. State media said that Zhu was unhappy about a three-year old court adjudication of property division in his divorce case. Officials said that the judges Zhu murdered had no connection with his earlier case. On the same day, the Harbin Daily reported that a woman attacked nine fellow passengers on a train with a scrap of iron, stabbing them in their arms and legs. The mass attacks occur in the context of increasing concern over the recent spate of assaults on schoolchildren, which provoked the government to send police to guard some schools. "

[Popeye82]

Precious Metal Stock Review; Welcome To the Jumble - Jun 4, 2010
www.preciousmetalstockreview.com/downloads/June%205,%202010%…

[Popeye82]

How Canadian Oilsands Can Go Green – At Less Than $10/barrel - O &GIB - Jun 2, 2010

- Keith Schaefer -
www.theenergyreport.com/pub/na/6456

"A large part of Canada's massive oil sands deposits could become one of the most "green" energies on the planet, by using electricity to heat up and break down the heavy oil. EEOR, or Electrically Enhanced Oil RecoverySM is a new technology being field tested in Saskatchewan by a Canadian junior producer, Deloro Resources.


EEOR uses little water, emits no greenhouses gases on site, and uses electricity from local utilities to a conventional heavy oil well, says Phil Bell, President and CEO of Electro-Petroleum Inc., (EPI) the Pennsylvania company which developed the technology.

He adds that EEOR also greatly increases production, which means that both capital and operating costs will be a fraction of current technologies, like SAGD (Steam Assisted Gravity Drainage).

EEOR is simple technology which passes direct current between electrodes at the surface and at the bottom of a well (it can also be passed between the bottom of two wells). This electrical current creates several changes in the oil formation sands.

One is that the heavy oil breaks down by a process known as "cold cracking." So the heavy minerals and asphalt-like products that make heavy oil "heavy" are cracked, and the oil becomes lighter, increasing the API gravity, which is more valuable. This also makes the oil flow more easily (the industry calls this reducing viscosity).

Bell says that fine sands and other sands are also affected by the current. The electrical field helps to create more permeability, which is the ability of the rock or sand to allow oil to pass through it. So both the new, lighter oil flows more freely in the sands and has more permeability, providing a double bonus.

Bell says that in a California field test, EEOR increased production from five to 50 bopd of heavy oil, increased the API from 8.1 to 10.7, lowered the amount of water coming up the well and lowered the amount of sour gas being produced.

The electrical current itself, going from the surface to the bottom of the well bore, acts as a driver for oil flow to the well.




The electricity also heats up the formation near the well bore itself, allowing the heavy oil to flow better. Once at surface it can be transported via heated lines and put in heated storage tanks onsite.

Conventional technologies must also heat up the oil to get it to flow, usually by drilling two long well bores deep into the formation. Producers must then wait for the upper steam well to heat up the surrounding oil formation before oil starts to flow from the lower well.

Bell says that energy costs for EEOR are less than $4/barrel, and capital costs are less than $10/barrel on only a 20 bopd well. Another positive for EEOR is that it works at depths greater than 2500 feet, or 800 metres, while conventional SAGD only works above 2500 feet.

"The technology is not fully commercial yet," says Bell. He doesn't want to get into details but says they are now working on several projects.

"We found Deloro via our partners at Yet2.com. They didn't have capital to do a steam project" and the reservoir characteristics were such that Bell thought it was a good fit.

"Capital costs will be a fraction of what they would pay for a steam operation and opex (operating costs) will be less," Bell says.

EPI and Deloro have made one heavy oil well at Wilkie produce up to 19-25 bopd, and a second well has now been permitted. EPI is paying 50% of the well and will receive 50% of the proceeds until payout, and then goes to a 10% working interest.

EPI plans to use the success at Wilkie and its other projects to extend the use of the EEOR technology into bigger fields with larger working interests.


About Oil & Gas Investments Bulletin

Keith Schaefer, editor and publisher of Oil & Gas Investments Bulletin, writes on oil and natural gas markets—and stocks—in a simple, easy to read manner. He uses research reports and trade magazines, interviews industry experts and executives to identify trends in the oil and gas industry—and writes about them in a public blog. He then finds investments that make money based on that information. Company information is shared only with Oil & Gas Investments subscribers in the Bulletin—they see what he's buying, when he buys it and why.

The Oil & Gas Investments Bulletin subscription service finds, researches and profiles growing oil and gas companies. The Oil & Gas Investments Bulletin is a completely independent service, written to build subscriber loyalty. Companies do not pay in any way to be profiled. For more information about the Bulletin or to subscribe, please visit: www.oilandgas-investments.com. "

[Popeye82]

Wind Turbines Take to the Skies - TER/BBCN - Jun 3, 2010

- Lakshmi Sandhana -
www.theenergyreport.com/pub/na/6453

"Inventor JoeBen Bevirt is currently putting the final touches to a series of large kites, which he says will be able to harvest the fast crosswinds found at high altitude.

His airborne wind turbines will take off and fly to around 2000 feet, where they will float, generating power that can be transferred to the ground via a tether.

"Global wind is a tremendous source of energy—carrying nearly 870 terrawatts in global tropospheric winds," says Mr Bevirt of Joby Energy, which is developing the wind turbine technology. "In comparison, the global demand is 17 terawatts. Harnessing a tiny fraction will transform the way we power our civilization."

The notion of tapping into high altitude winds was first posed in the 1970s, but was not technically possible. However, recent advances in materials, computing resources and unmanned aerial vehicles have now made the idea viable.

The autonomous structures are computer-controlled and can take off vertically before navigating to the desired altitude. Flight is controlled by an advanced computer system and the harnessed electricity is sent down the tether to a substation where it is converted from DC to AC power, which can then be routed to a power grid.

The technology's inventors say the devices are portable and relatively inexpensive to build when compared to conventional wind turbines and can generate twice the amount of power. "Operating at five times the height of a conventional turbine increases both wind speed and consistency resulting in more power, more often," said Mr Bevirt.

Eventually wind farms containing several airborne wind energy turbines could be constructed to deliver power consistently. However, issues of cost and safety need to be further demonstrated. "

[Popeye82]

IAEA Urges Action on Nigeria's Nuclear Power Bid; "IAEA calls on Nigeria to re-double efforts to acquire nuclear capability" - TER/TD - Jun 2, 2010

- Onyebuchi Ezigbo -
www.theenergyreport.com/pub/na/6446

"The IAEA has called on Nigeria to re-double its effort to execute all necessary programs and projects that will enable the country to acquire nuclear capability as soon as possible.


The IAEA Country Program Officer for Nigeria, Mulugeta Amha, said while on a visit to the Nigeria Atomic Energy Commission (NAEC) that because Nigeria is the epicenter and the most populous country in Africa, the successful development and implementation of the nuclear power program will have a multiplier effect and a source of encouragement for other African countries.

Amha, who is on a one-week working visit to Nigeria to access the execution of the current Country Programme Frame (CPF) and Technical Cooperation (TC) between Nigeria and (IAEA), said despite these commitment, however, much needed to be done especially in expediting the release of counterpart funds by the government for the execution of the technical cooperation programs and projects.

A statement by NAEC Principal Information Officer Mr. Vincent said the IAEA chief had commended the government and people of Nigeria for the commitment towards the development and deployment of atomic energy for peaceful application in the socioeconomic development of the country.

Amha also called on the NAEC to ensure that counterpart organization benefiting from the country program framework (CPF) adhere strictly to the stipulated approved work plans and project design specifications, noting that any deviation from approved project designs and work plans would not synchronize with the records and schedules of the IAEA. He added that while the IAEA expects biennial country reports from NAEC as the national liaison office (NLO), NAEC should ensure that counterpart organization and institutions benefiting from technical cooperation (TC) project present quarterly progress reports and work plans. "

[Popeye82]

Japan Plans a Moon Base by 2020, Built by Robots for Robots; Multitasking, self-repairing robots could man a lunar base within the next decade - PopSci - May 27, 2010

- Clay Dillow -
www.popsci.com/node/46112/?cmpid=enews060310

"America may have eighty-sixed its moon base ambitions, but the Japanese have no plans to let perfectly good lunar real estate go to waste. An ambitious $2.2 billion project in the works at JAXA, the Japanese space agency, plans to put humanoid robots on the moon by 2015, and now official backing from the Prime Minister's office says the Japanese could have an unmanned lunar base up and running by 2020.




Key to all of this, of course, is the robots themselves, and who better than the Japanese to dream up and realize the kind of intelligent, self-repairing, multitasking bots that will be needed to fulfill such a mission.

As currently envisioned, the robots that will land on the lunar surface in 2015 will be 660-pound behemoths equipped with rolling tank-like treads, solar panels, seismographs, high-def cameras and a smattering of scientific instruments. They'll also have human-like arms for collecting rock samples that will be returned to Earth via rocket. The robots will be controlled from Earth, but they'll also be imbued with their own kind of machine intelligence, making decisions on their own and operating with a high degree of autonomy.

Those initial surveyor bots will pave the way for the construction of the unmanned moon base near the lunar south pole, which the robots will construct for themselves. That base will be solar powered and provide a working/living space future robot colonizers, as well as -- presumably -- a jumping off point for future human moon dwellers.

Sound far-fetched? It's certainly an ambitious project given the timeline. But considering Americans put actual men on the moon in a decade span with far inferior technology it certainly seems within the realm of possibility. Moreover, the massive technological fallout from that initial push for the moon was a boon for private industry, seeding some important and amazing technological breakthroughs. Even if Japan falls short of its 2020 deadline, the advances in robotics technology that could fall out of this little project could be as exciting as the moon base itself. "

[Popeye82]

Terrifying Sinkhole Opens in Guatemala, Swallows Three-Story Building; Looks like you could travel to India -- or another dimension -- through this thing - PopSci - Jun 1, 2010

- By Rebecca Boyle -
www.popsci.com/node/46161/?cmpid=enews060310




- Huge Sinkhole This 200-foot-deep sinkhole opened Sunday in Guatemala City, Guatemala. It swallowed a three-story building and at least one person is missing. via Flickr/ Guatemalan Government -

[Popeye82]

Manas reports Tajik Seismic program completed - Jun 7, 2010
www.manaspetroleum.com/s/NewsReleases.asp?ReportID=403653&_T…

[Popeye82]

One Tablet per Child; OLPC may drop "$100 laptop" in an attempt to develop an innovative $75 tablet computer - TR - Jun 7, 2010

- David Talbot -
www.technologyreview.com/computing/25482/?nlid=3075

[Popeye82]

Open-Source Could Mean an Open Door for Hackers; A new analysis suggests that attackers exploit open-source software flaws faster and more effectively - TR - Jun 7, 2010

- by Robert Lemos -
www.technologyreview.com/computing/25480/?nlid=3075&a=f

[Popeye82]

The $30 Genome?; A startup is developing a new and potentially much cheaper sequencing technology based on microfluidics - TR - Jun 7, 2010

- Emily SInger -
www.technologyreview.com/biomedicine/25481/?nlid=3075&a=f

[Popeye82]

Some blocked websites now accessible in China - TR/AP, BEIJING -Jun 4, 2010
www.technologyreview.com/wire/25483/?nlid=3075&a=f

[Popeye82]

Generating Power from a Heart; Nanowire generators could one day lead to medical devices powered by the patient's own heart - TR - Jun 4, 2010

- by Prachi Patel -
www.technologyreview.com/biomedicine/25473/?nlid=3077&a=f
www3.interscience.wiley.com/journal/123417527/abstract?CRETR…

"A tiny, nearly invisible nanowire can convert the energy of pulsing, flexing muscles inside a rat's body into electric current, researchers at Georgia Institute of Technology have shown. Their nano generator could someday lead to medical implants and sensors powered by heartbeats or breathing.



- Live wire: A single zinc oxide nanowire can be attached to a rat’s heart, where it produces electric current as it bends with every beat. Credit: Guang Zhu, Georgia Tech -


Zinc oxide nanowires show the piezoelectric effect, producing electricity when they are under mechanical stress. Georgia Tech professor of materials science and engineering Zhong Lin Wang and his group first demonstrated these nanowire generators in 2005. Since then they have made devices that can harness the energy of a running hamster and tapping fingers, and have also combined their piezoelectric nanowires with solar cells.

In their latest work, published in the journal Advanced Materials, Wang's team shows that the nanogenerator works inside a live animal. The researchers deposited a zinc oxide nanowire on a flexible polymer substrate and encapsulated the device in a polymer casing to shield it from body fluids. It was then attached to a rat's diaphragm. The rodent's breathing stretched the nanowire, and the device generated four picoamperes of current at two millivolts. When attached to a rat's heart, the device gave 30 picoamperes at three millivolts.

Zinc oxide nanogenerators would be an ideal power source for nano-scale sensors that monitor blood pressure or glucose levels and detect cancer biomarkers. These can run on low power levels of about one microwatt, but they need a long-lasting nano-sized power source instead of a battery to be truly nano scale. "Our ultimate goal is to make self-powered nano devices for medical applications," says Wang.

The femtowatt scale of power generated by the devices is far too low to be practical right now (power = current x voltage). But that should change soon, Zhang says. While the researchers have only tested a single nanowire device inside a rat, they have also built a device that integrates hundreds of nanowires in an array. This device, which the researchers recently reported in the journal Nature Nanotechnology, gives an output current of about 100 nanoamperes at 1.2 volts, producing 0.12 microwatts of power. Wang says the next step is to connect this higher-output nanogenerator to a nano sensor inside an animal.

Better piezoelectric materials than zinc oxide nanowires exist and are also being considered for biomedical applications. The most efficient piezoelectric material known is PZT, a compound of lead, zirconium, and titanium. It is 10 times more efficient than zinc oxide at converting mechanical stress into electric current, says Michael McAlpine, a mechanical engineering professor at Princeton University. By sandwiching PZT between silicone pieces, he has made a material that can harvest 80 percent of the energy applied when flexed. Like Wang, he is focusing on using the material to power medical implants.

McAlpine says the material gives 10 nanowatts of power from human finger tapping. Larger sheets could generate enough power to charge a pacemaker, but the material has not been tested in animals yet. Here, zinc oxide might have an advantage over PZT because it is biocompatible. The lead in PZT would require the device to be robustly encased in silicone or another biocompatible polymer.

The biggest challenge for both materials, however, will be getting higher power outputs, McAlpine says. "It's amazing that they could implant these devices in these animals and get power out," he says. "But we still have to go far with our devices to get a meaningful power output." "

[Popeye82]

Cadan Granted Environmental Compliance Certificate - Jun 07, 2010
www.marketwire.com/press-release/Cadan-Granted-Environmental…

[Popeye82]

Baja Announces Letter of Intent With Louis Dreyfus and Reports on Boleo Debt Financing Progress - Jun 07, 2010
www.marketwire.com/press-release/Baja-Announces-Letter-Inten…

[Popeye82]

East Asia Minerals Advances the Miwah Main Zone North; Encounters 2.01 g/t Gold Over 44 Metres Within 103.5 Metres Grading 1.07 g/t Gold - Jun 07, 2010
www.marketwire.com/press-release/East-Asia-Minerals-Advances…

[Popeye82]

Mawson Reports Bonanza Gold with High Grade Uranium at Rompas, Finland - Jun 7, 2010
www.mawsonresources.com/s/NewsReleases.asp?ReportID=403672&_…


Summary of Areva and Mawson Surface Grab Sampling at Rompas, oz/ton = troy ounce per short ton;

Areva Gold (g/t) - Mawson Gold (g/t); Areva Uranium (ppm) - Mawson Uranium (ppm)
Average 1,146 (33.4 oz/ton) 224 (6.5 oz/ton) 27,292 (2.7%) 36,088 (3.6%)
Maximum 12,800 (373.3 oz/ton) 1,830 (53.4 oz/ton) 249,000 (24.9%) 435,500 (43.6%)
Minimum 0.1 0.01 13 2
Number of Samples 20 21 20 21

[Popeye82]

S.Africa's Transnet seeks bidders for railway lines; Transnet says it is seeking bidders for concessions to operate some of its 7,300 kilometers of railway lines, but that it will retain ownership of the lines - Reuters/Miningmx - Jun 7, 2010
www.miningmx.com/news/markets/transnet-seeks-bidders-for-rai…

[Popeye82]

Pediment Gold Begins 40,000 Meter Drill Program at San Antonio- Jun 7, 2010
www.pedimentgold.com/s/NewsReleases.asp?ReportID=403673

[Popeye82]

Falcon 9 Soars in Its Debut; A successful launch moves commercial space companies toward human spaceflight - TR - Jun 8, 2010

- by Jeff Foust -
www.technologyreview.com/computing/25495/?nlid=3082&a=f

"The Falcon 9, a new launch vehicle developed by Space Exploration Technologies (SpaceX), made its successful debut Friday in a launch that has implications not just for the company but also for the U.S.'s commercial space industry and national space policy.


SpaceX developed the Falcon 9 in part with $278 million from NASA as part of the agency's Commercial Orbital Transportation Services (COTS) program to develop commercial vehicles that can ferry cargo to the International Space Station (ISS). Friday's test launch was separate from the COTS program; the first Falcon 9 launch under COTS is planned for later this summer. Elon Musk, the CEO and CTO of SpaceX, said he hopes to be able to deliver cargo to the ISS on the second of three flights under the COTS program, in the spring of 2011.



- Up, up, and away: The SpaceX Falcon 9 rocket lifted off from Cape Canaveral on Friday, June 4. The rocket’s maiden test flight is considered a boon for the commercial space industry.
Credit: AP Photo/John Raoux -


Musk also hopes the successful launch will attract the business of commercial satellite operators. One potential customer is Iridium, who last week signed a contract for the construction of 81 spacecraft to replace its existing fleet of communications satellites in low Earth orbit. SpaceX also has ambitions to use the Falcon 9, as well as the Dragon capsule SpaceX is developing to ferry cargo to the International Space Station, to carry astronauts to the ISS.

Musk said last week that SpaceX would be ready to perform crewed flights within three years of receiving a NASA contract to do so. The key factor in that schedule is the development of a launch escape system to allow a Dragon capsule to safely distance itself from the rocket in the event of a launch failure.

However, SpaceX's long-running interest in launching astronauts, and its limited track record, have put the company in the middle of an ongoing debate in Washington about the future direction of NASA. The 2011 NASA budget proposal released earlier this year includes a new commercial crew initiative that includes $6 billion over the next five years for developing commercial systems to transport astronauts to the ISS, in much the same way that COTS is developing commercial cargo systems. Many in Congress have expressed skepticism about the commercial sector's capabilities--SpaceX's in particular--to transport people, arguing that this should be left to NASA.

Congressional critics of the new NASA plan offered SpaceX lukewarm praise, at best. The launch "is a belated sign that efforts to develop modest commercial space cargo capabilities are showing some promising signs," said Texas senator Kay Bailey Hutchison, the top Republican on the Senate Commerce Committee. "This test does not change the fact that commercial space programs are not ready to close the gap in human spaceflight if the space shuttle is retired this year with no proven replacement capability and the Constellation program is simultaneously canceled, as the president proposes."

Others in the industry sided with the White House, including Peter Diamandis, chairman of the X PRIZE Foundation. "Today's SpaceX launch strengthens my hope that commercial space companies will at long last remove the cost barrier that slows our exploration of the solar system," he said.

NASA administrator Charles Bolden praised the launch. "SpaceX's accomplishment is an important milestone in the commercial transportation effort and puts the company a step closer to providing cargo services to the International Space Station," he said in a statement issued shortly after the successful launch. "This launch of the Falcon 9 gives us even more confidence that a resupply vehicle will be available after the space shuttle fleet is retired."

SpaceX is not the only company interested in carrying cargo and crews to the ISS. Orbital Sciences Corporation, with a similar COTS award from NASA, is developing its own launch vehicle, the Taurus II, and cargo spacecraft, called Cygnus. Orbital plans to perform a test flight of the Taurus II and Cygnus in the first half of 2011. United Launch Alliance, the joint venture between Boeing and Lockheed Martin that manufactures the Atlas and Delta rockets, has also expressed interest in upgrading those rockets to be able fly crewed spacecraft. "

[Popeye82]

The First Phone to Use WiMAX - TR - Jun 4, 2010

- by Tom Simonite -
www.technologyreview.com/video/?vid=577
www.technologyreview.com/communications/25472/

[Popeye82]

Carbon Market News - Jun 8, 2010
www.pointcarbon.com

"Today's headlines

*Senators to 'chart course' of climate bill this week
*Senate showdown over EPA regulation looms
*Anti-climate law candidates face off in California
*Power supports weakened EUAs
*'Adequate' GHG cuts unlikely this decade: de Boer
*Voluntary spot exchange targets rapid growth
*Norway’s PM to lead finance group
*Weekly CER issuance dips
*Gazprom to buy first Chinese post-2012 CERs
*Panda Standard eyes agriculture, forestry projects
*Voluntary market sees 27% drop in 2009: report "

[Popeye82]

CHINA – Understanding is vital; Australia’s resources houses have been urged to check how culture shapes China’s way of doing business in order to be more certain about attracting Sino project partners and to move clear from recent strained business relations between the two countries -ASIA Miner - Jun10
www.asiaminer.com/magazine/latest/3-china-understanding-is-v…

[Popeye82]

CHINA – Start on new reactors; First concrete has been poured for the first of two new reactors for the Changjiang nuclear power plant on Hainan Island, south China. These are largely indigenous 650 MWe units which are due on line in 2014 and 2015 - ASIA Miner - Jun10
www.asiaminer.com/magazine/latest/4-china-start-on-new-react…

[Popeye82]

INDONESIA – Churchill signs MOU; Churchill Mining has signed a Memorandum of Understanding with a subsidiary of Indonesian state electricity firm PT Perusahaan Listrik Negara (PLN) regarding the possible annual purchase of up to 5 million tonnes of coal - ASIA Miner - Jun10
www.asiaminer.com/magazine/latest/7-indonesia-churchill-sign…

[Popeye82]

INVESTMENT – Indophil purchase delay; Chinese approval for Zijin Mining Group’s purchase of Australia’s Indophil Resources has been delayed owing to the layers of government authorities it needs to go through - ASIA Miner - Jun10
www.asiaminer.com/magazine/latest/10-investment-indophil-pur…

[Popeye82]

INDONESIA – Romang purchase complete; Robust Resources has reached agreement for the purchase of the remaining 25% minority interest in the Romang Island Project from PT Gemala Borneo Utama - ASIA Miner - Jun10
www.asiaminer.com/magazine/latest/8-indonesia-romang-purchas…

[Popeye82]

Antwort auf Beitrag Nr.: 32.972.234 von Popeye82 am 07.01.08 20:38:21

Mountain Lake Announces Proposed Acquisition of New Island Resources - Jun 3, 2010
http://finance.yahoo.com/news/Mountain-Lake-Announces-bw-353…

[Popeye82]

SEMINARS – Resource estimation methods; A seminar in Beijing in July will examine the Chinese resource estimation methods and international best practice methods for resource estimation - ASIA Miner - Jun10
www.asiaminer.com/magazine/latest/12-seminars-resource-estim…

[Popeye82]

H2O Innovation: Indian Joint Venture Secures First CAN$2.2 Million in Sales of Industrial Water Treatment Equipment - Jun 08, 2010
www.marketwire.com/press-release/H2O-Innovation-Indian-Joint…

[Popeye82]

More positive results from Argex's West Hervieux target drilling - Jun 8, 2010

+ 351 feet (107.0 metres) of 0.52% V2O5, 64.33% Fe2O3 and 19.48% TiO2 in holes HW-10-031

+ 346 feet (105.4 metres) of 0.50% V2O5, 61.92% Fe2O3 and 17.85% TiO2 in hole HW-10-029

+ Results for 9 additional holes complete, 8 holes pending results

+ Nearly 15,000 m of drilling completed on the La Blache property since the start of 2010 drilling ...
www.digitaljournal.com/pr/50993

[Popeye82]

EnWave Provides Progress Report on IFS/SmartPac Letter of Intent - Jun 08, 2010
www.marketwire.com/press-release/EnWave-Provides-Progress-Re…

[Popeye82]

Nemaska Proves Continuity of Lithium Mineralisation at Depth With 1.61% Li2O Over 79.2m on Whabouchi - Jun 08, 2010
www.marketwire.com/press-release/Nemaska-Proves-Continuity-L…

[Popeye82]

EMED Mining Agrees Debt-Repayment Plans with Department of Social Security - Jun 08, 2010
www.londonstockexchange.com/exchange/prices-and-news/news/ma…

[Popeye82]

Malaysia: Enhanced oil recovery planned for Tapis oil field
The Tapis field, off the coast of Terengganu, will be the main oil field Petronas will be looking at to enhance oil recovery in Malaysia, according to ExxonMobil Corp. - EP/SO - Jun 8, 2010
www.energy-pedia.com/article.aspx?articleid=140669&editionid…

[Popeye82]

UK: Britain to double North Sea oil rig inspections; Britain will double annual inspections of offshore oil and gas drilling rigs in the wake of the 'devastating' Gulf of Mexico oil spill, Energy Secretary Chris Huhne said on Monday - EP/Reuters - Jun 8, 2010
www.energy-pedia.com/article.aspx?articleid=140661&editionid…

[Popeye82]

Greece signs South Stream pipeline deal with Russia; Russia's Gazprom and Greece's natural gas grid operator DESFA have signed an agreement to build the Greek part of South Stream, a Russian-led natural gas pipeline project - EP - Jun 8, 2010
www.energy-pedia.com/article.aspx?articleid=140657&editionid…

"On Monday June 7 in Moscow, at a meeting of the Joint Russian-Greek Commission on economic, industrial and scientific-technical cooperation, Gazprom and the company DESFA (Hellenic Gas Transmission System Operator) signed a charter of the Joint Venture Company (JVC) South Stream Greece S.A., established on parity basis by Gazprom and DESFA for the implementation of the Greek section of the South Stream project. In the near future, a formal procedure for registration of the JVC will start in Greece. The scope of the company will include engineering, funding, construction and operation of the pipeline on the territory of Greece.




Background

For the purpose of diversifying export routes of natural gas supply Gazprom plans to construct a gas pipeline running under the Black Sea to the countries of the South and Central Europe: the South Stream project. The offshore section of the gas pipeline is planned to be laid under the Black Sea from the main compressor station Russkaya on the Russian coast to the Bulgarian coast. Its total length will be around 900 kms, the maximum depth – over two kilometers. Annual capacity of the offshore section of South Stream will be up to 63 billion cubic meters.

To implement the onshore section of the Project outside Russia, intergovernmental agreements were signed with Bulgaria, Serbia, Hungary, Greece, Slovenia, Croatia and Austria. The provisions of the above mentioned agreements stipulate establishing joint ventures responsible for the FS development, as well as for the further engineering, construction and operation of the South Stream gas pipeline in the signatory countries provided that the technical practicability and economic viability assessments are confirmed.

DESFA S.A. (Hellenic Gas Transmission System Operator S.A.) was created in 2007 and exclusively operates, develops and exploits the National Gas Transportation System in Greece. In May 2009, Gazprom and DESFA signed a Basic Cooperation Agreement on implementation of the South Stream project on the territory of Greece. The document stipulated the principles of cooperation of the parties at the pre-investment stage of the project and determined conditions and procedures for establishing of the JVC as well as its operation mechanisms. "

[Popeye82]

Magellan Drills 136.2m at 0.91g/t Gold and Extends Central Zone at Cuiu Cuiu by 230m - Jun 08, 2010
www.marketwire.com/press-release/Magellan-Drills-1362m-at-09…

[Popeye82]

Rockwood Holdings CEO, Seifi Ghasemi, Urges Further Electrification of U.S. Transportation to Ensure National, Economic and Environmental Security; Ghasemi's Presentation at Credit Suisse Conference Supports Congressional Legislation Introduced Last Week toward Vehicle Electrification - MW, PRINCETOWN - Jun 2, 2010
www.marketwatch.com/story/rockwood-holdings-ceo-seifi-ghasem…

[Popeye82]

Adriana Announces Commencement of 2010 Exploration Program to Increase and Upgrade Resources at Lac Otelnuk Property in Quebec - Jun 8, 2010
www.marketwire.com/press-release/Adriana-Announces-Commencem…

[Popeye82]

Researchers Create the World's First Fully Synthetic, Self-Replicating Living Cell; Scientists call it 'the first self-replicating species we've had on the planet whose parent is a computer' - PopSci - May 20, 2010

- Clay Dillow -
www.popsci.com/node/45988/?cmpid=enews052710

[Popeye82]

Invention Awards: A Box That Keeps Plants Hydrated in the Desert; A box that quenches thirsty plants without irrigation - PopSci - May 25, 2010

- Corey Binns -
www.popsci.com/node/45720/?cmpid=enews052710

[Popeye82]

Stem-Cell Dental Implants Grow New Teeth Right In Your Mouth; A new technique uses the body's own stem cells to regenerate teeth - PopSci - May 25, 2010

- Denise Ngo -
www.popsci.com/node/46070/?cmpid=enews052710

[Popeye82]

Mindoro Announces Proposed IFC Investment - Jun 08, 2010
www.marketwire.com/press-release/Mindoro-Announces-Proposed-…

[Popeye82]

"Light Pipes" Boost Organic Solar Efficiency; A layer of optical fiber bristles doubles the performance of organic solar cells in tests - TR - May 12, 2010

- by Tyler Hamilton -
www.technologyreview.com/energy/25288/?nlid=2973

[Popeye82]

[WPG] Potential of Penrhyn coal enhanced - AUstralianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38243
www.stocknessmonster.com/news-item?S=WPG&E=ASX&N=595324

"Western Plains Resources Limited has now received all coal analyses from the drilling program at Penrhyn that commenced in March 2010 and has advised that the potential of the project has been enhanced by this work.

The best results were obtained in hole PCWP-001 that was sited in the central part of the basin 1 kilometre southwest of hole CPC5 previously drilled by PIRSA (formerly MESA). Six seams for a total coal thickness of ~10 metres were intersected within the Permian Mt Toondina Formation between depths of 72.93 and 121.02 metres. A number of other thin seams (less than 30 centimetres) were also intersected. The hole was completed at 150 metres.

The characteristics of Penrhyn coal suggest it is suited for use in a variety of applications but particularly as a feedstock to plants using one of the emerging clean coal technologies.

Penrhyn’s coal quality, seam number and thicknesses and depth of overburden are generally similar to that of the Lake Phillipson coal deposit that is about 20 kilometres to the southwest, near the Wirrida railway siding where WPG intends to construct its rail loading loop.

WPG has designed a drilling program with an exploration target of 100 million tonnes of coal contained within the two main seams only. "

[Popeye82]

[EXS] Official White Dam opening - Australianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38244
www.stocknessmonster.com/news-item?S=EXS&E=ASX&N=493846

"Exco Resources Limited and its joint venture partner Polymetals Group Pty Ltd today announced that the White Dam Gold Mine will be officially opened today by the Honourable Paul Holloway MLC, Minister for Mineral Resources Development, South Australia.

Following the first gold pour at White Dam in April 2010 the operation has gone from strength to strength. The ramp-up to full leaching capacity is ongoing; however production levels have already exceeded the planned annualized rate of approximately 50,000 ounces per annum. The JV partners are also benefitting from the prevailing gold price environment, with current production being sold at near record A$ spot prices.

In addition to increasing production, attention will now also turn to near-mine exploration and resource development activities with a view to extending the mine life at White Dam. A number of near-mine targets will be tested in the coming weeks at Vertigo, White Dam North and Ambush. "

[Popeye82]

[CDU] High grade copper results from Rocklands continue to deliver - AUstralianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38247
www.stocknessmonster.com/news-item?S=CDU&E=ASX&N=493876

"CuDeco Limited today announced drilling and exploration has continued to intersect high grade mineralisation in a number of areas at the company’s Rocklands Copper Project.

Recent diamond drilling of vertical holes has confirmed mineralisation with intersections including: 123m @ 2.57% Cu Eq; 84m @ 2.20% Cu Eq; 169m @ 1.75% Cu Eq; 071 intersects 128m @ 1.22% Cu Eq; 141m @ 2.08% Cu Eq; and 100.7m @ 4.74% Cu Eq.

None of the current drill hole results will be included in theupcoming resource statement, but will assist in the upgrade after the upcomingresource statement.

On-going drilling at Las Minerale and Southern Rocklands issupplying sample for metallurgical test-work, grade control for mining and for information assisting in the geotechnical data required for the open cut mining operations. It is anticipated that mining will commence simultaneously with two open cut operations at Las Minerale and Southern Rocklands. "

[Popeye82]

[CNK] High grade Fe over 40 km strike - Australianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38249
www.stocknessmonster.com/news-item?S=CNK&E=ASX&N=493906

"Recent rock chip sampling and auger sampling on Condor Nickel’s Exploration Licence 53/1380 – the southern-most lease sampled during the rock chip sampling programme – has confirmed the existence of significant iron rich layers over a strike distance of at least 40 kilometres. This iron formation is central to Condor’s Dingo Range suite of tenements.

Results of two recent rock chip sampling programmes of ferruginous outcrop & residual gravels suggest there are iron rich layers with >50% Fe associated with ferruginous chert layers >28% Fe and possibly chert layers >90% Si (silica).

Iron rich layers are apparent on the western and eastern margins of the Dingo Range chert ridge. The trend and the presence of the iron rich layers in the iron formation are delineated by the presence of the ferruginous duricrust. The iron formation is interpreted to continue in a north northwest direction with a surface expression of broken iron rich duricrust gravels located on E53/1377 over a strike distance of approximately 4 kilometres and further evidence of the iron rich gravels can be found still further north on tenements E53/1352 and E53/1421.

The identified occurrence of high grade rock chip samples and soil samples suggests that iron rich layers up to 60% Fe are present in significant dimensions. "

[Popeye82]

Sustainable Energy Announces Deliveries on One Megawatt Purchase Order from Leading German Distributor - Jun 09, 2010
www.marketwire.com/press-release/Sustainable-Energy-Announce…


Sustainable Energy Teams With Mitsubishi Electric and Voltaire Power to Offer Integrated Solar Power Solutions in Ontario - Jun 10, 2010
www.marketwire.com/press-release/Sustainable-Energy-Teams-Wi…

[Popeye82]

Amazon Appoints Mauricio Sampaio as Vice President of Operations - Jun 09, 2010
www.marketwire.com/press-release/Amazon-Appoints-Mauricio-Sa…

[Popeye82]

AuEx Ventures, Inc.: Long Canyon NE High Grade Zone Grows With 69.5 Feet of 0.479 Ounces Per Ton Gold - Jun 09, 2010
www.marketwire.com/press-release/AuEx-Ventures-Inc-Long-Cany…

[Popeye82]

“Football has just one Significant Effect on Real Life: It
Makes People Happier.” - OI - Jun 8, 2010
http://omegainvest.co.za/newsletters/InsightAfrica/8-June-20…

[Popeye82]

"Nachhaltiges Wachstum durch mehr Binnennachfrage" - DB Research - Jun 9, 2010

- Unsere wichtigsten Aussagen:

+ Exporte waren im letzten Aufschwung Deutschlands wichtigster Wachstumsmotor. Im Zuge der Wirtschaftskrise wurde jedoch die Forderung laut, sich nicht ausschließlich auf den Export zu verlassen; mehr Binnennachfrage würde das Wachstum stabilisieren. Die private Nachfrage ist dabei primär auf Dienstleistungen fokussiert.

+ Viele Instrumente, um die private Nachfrage zu fördern, wirken zwar schnell; allerdings fehlen derzeit die finanziellen Mittel für direkte Stimulierungsmaßnahmen.

+ Auf der Angebotsseite könnten z.B. durch ein Kombilohnmodell mehr Arbeitsanreize im Niedriglohnsegment gesetzt werden. Branchen wie der Einzelhandel oder das Gastgewerbe, die einen Großteil des privaten Konsums absorbieren, setzen geringqualifizierte Arbeitskräfte ein und dürften davon profitieren.

+ Mit der Beschränkung des Zivildienstes auf sechs Monate macht die Bundesregierung einen Schritt in Richtung mehr Binnenwachstum. Denn der Zivildienst verdrängt z.T. privatwirtschaftliches Angebot und verhindert das Entstehen sozialversicherungspflichtiger Arbeitsplätze. ...-
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Carbon Market News -Jun 9, 2010
www.pointcarbon.com

"Today's headlines

*RGGI closes at $2.03 on eve of auction
*Don't 'cut back' on climate bill: Lieberman
*Obama to veto bid to strip EPA of GHG authority
*Senate bill undermines RGGI auction revenues: report
*Japanese ministry outlines 30% GHG cut
*EUAs rise 3.5%
*Ieta warns against holding limits for WCI participants
*Programmatic CDM developers eye boost
*Ukraine to revisit bid for record AAU deal
*Ieta wary of liquidity threat from regulation
*Japan’s new PM retains key climate posts
*Rich nations push for change to LULUCF rules "

[Popeye82]

Apollo Minerals - US Listed Chinese Steel Group Takes Strategic Investment in Apollo - Jun 9, 2010

Highlights:

+ NYSE AMEX listed China Armco Metals Inc. agrees to acquire up to 19.9% investment in Apollo

+ Placement to Armco to raise A$4.3m

+ Funds will be used to advance the exploration activities at Apollo’s iron ore projects

+ Apollo and Armco have also agreed off-take for 15% of iron ore from Apollo’s flagship Mount Oscar project

+ Key experts appointed to advance Apollo projects ...
www.apollominerals.com/images/apollomi---iteeg.pdf

[Popeye82]

Uranium One buys two mines in Kazakhstan - Miningmx/I-Net Bridge - Jun 8, 2010
www.miningmx.com/news/energy/Uranium-One-buys-two-mines-in-K…

[Popeye82]

Firms face electricity fines; The South African government is negotiating new power saving targets with various industries and it warned companies that do not reduce consumption will be punished - Miningmx/I-Net Bridge - Jun 7, 2010

- Jan de Lange -
www.miningmx.com/news/energy/Firms-face-electricity-fines.ht…

[Popeye82]

Hathor Intersects 7.5 m at 43.64% U3O8 and 23 m at 24.31% U3O8 in Two Separate Holes: the Best Results to Date at Roughrider - Jun 08, 2010
www.marketwire.com/press-release/Hathor-Intersects-75-m-4364…

[Popeye82]

Europe: No Additional CO2 Cuts This Decade; Economic concerns are overshadowing concerns about climate change - TER/ET - 6/8/10

- Andres Cala -
www.theenergyreport.com/pub/na/6485

"Last week, the European Union's energy ministers swiftly stepped in to finally put an end to growing calls to unilaterally increase the block's emission-cutting target to 30%, as economic concerns are overshadowing concerns about climate change.


The debate over whether to increase the current target of reducing greenhouse gas emissions 20% from 1990 levels by 2020 dates back to late 2008 when EU leaders first endorsed the idea and intensified with the proximity of Copenhagen's climate change late last year.

But the failed negotiation appeared to rule out any unilateral move from Europe, which officially conditions any additional reductions to "comparable" or "commensurate" measures in other major economies.

Momentum for a unilateral 30% cut was rekindled as environmental groups with the support of the block's heavyweights—Germany, France and the UK—argued that targets should be revised as a result of the recession and plummeting emissions. Additional investment would allow Europe to retain the lead in climate change technologies, while stimulating the economy, they said.

The debate was intense and involved high-level negotiations, but it was finally put to rest when EU energy ministers who "reiterated" climate change commitments, included the block's unwillingness to increase the 20% emission cut target unilaterally as part of Europe's 2011-2020 energy strategy.

The guidelines laid out are the foundation of the long-term strategy heads of state are expected to endorse next spring, in effect ruling out any future unilateral cut for the remaining of the decade. In early May, the EU Commission, the block's executive branch, strongly endorsed more robust climate change commitments as part of an analysis on the impact of increasing the current target. "

[Popeye82]

Atlantic States Sign Off-Shore Wind Energy Agreement; Plans are moving ahead for offshore windmills - WP/TER - Jun 8, 2010

- Rosalind Helderman -
www.theenergyreport.com/pub/na/6487

[Popeye82]

Solar Energy to Power-Up Indian Villages; The Tripura government plans to replace at least 10% of conventional energy use - NTDTV/TER - 6/8/10
www.theenergyreport.com/pub/na/6488

[Popeye82]

The Liquid Learning Curve; The divergence between oil and gas prices in Canada and the U.S. has reached epic proportions - PP/TER - 6/4/10

- by David Forest -
www.theenergyreport.com/pub/na/6481

[Popeye82]

Richfield Ventures advances the Blackwater bulk gold project; encounters 2.09 g/t gold over 38 metres within interval of 1.10 g/t gold over 123 metres - Jun 8, 2010
www.richfieldventures.ca/s/NewsReleases.asp?ReportID=403865

[Popeye82]

Synodon Signs Customer Contract with Keyera Energy - Jun 09, 2010
www.marketwire.com/press-release/Synodon-Signs-Customer-Cont…

[Popeye82]

Obama to reopen Gulf for drilling - OR/WSJ, WASHINGTON - 6/9/2010
www.ocean-resources.com/industry-news.asp?newsid=8873

"WASHINGTON—The Obama administration, facing rising anger on the Gulf Coast over the loss of jobs and income from a drilling moratorium, said Monday that it would move quickly to release new safety requirements that would allow the reopening of offshore oil and gas exploration in shallow waters.


Reuters Wildlife workers cleaned oil off a brown pelican Monday at a rescue center in Fort Jackson, La., where 292 birds have been brought since the Gulf oil spill began by wildlife responders, veterinarians, biologists and rehabilitators.

.

Journal Community ..

Gulf Coast residents, political leaders and industry officials said delays in releasing the new rules, along with the administration's six-month halt on deepwater drilling—both issued amid public pressure—threatened thousands of jobs.

Well-owner BP PLC, meanwhile, faces penalties "in the many billions of dollars," for the Deepwater Horizon drilling disaster that has been spewing an estimated minimum 12,000 to 19,000 barrels of oil a day into the Gulf, said White House Press Secretary Robert Gibbs. The costs of the spill will "greatly exceed" the amount BP could recoup by selling any of the captured oil on the market, he said Monday.

Retired U.S. Coast Guard Admiral Thad Allen, who heads the federal response, said BP's latest emergency containment system is on track to capture as much as 15,000 barrels of oil per day, which is the maximum amount of oil the drill ship on the surface can process. BP's latest update on the rate of recovery late Monday implies that the containment procedure is approaching that limit. Any leakage beyond 15,000 barrels per day will continue to go into the sea until a second ship arrives, likely in mid-June.

The oil industry is awaiting new safety regulations from the Interior Department's Minerals Management Service, which canceled some offshore drilling permits last week and has had others on hold since early May. Administration officials say new rules for shallow water oil and gas drilling could be released as soon as Tuesday.

The White House also said Monday that it supported lifting the cap on liability damages altogether for any oil companies drilling offshore. The cap is $75 million unless the government can show criminal negligence.

Some Republicans and industry groups have cautioned that putting the liability cap too high could make it tough for smaller companies to drill offshore.

President Barack Obama met with Cabinet officials on the spill Monday and expressed optimism that it would be contained, but he pointed to the potential for long-term economic damage. "What is clear is that the economic impact of this disaster is going to be substantial and it is going to be ongoing," he said.

The new drilling regulations are expected to require drillers to have independent operators certify that the blowout preventers work as designed to shut off the flow of oil; that independent operators certify the well design plan is adequate, including proper casing, or cement lining; that the driller certifies it is in compliance with all regulations and have done all needed tests.

The moratorium on offshore drilling is shaping up to be one of the most contentious elements of Mr. Obama's response to the April 20 explosion that sank the rig and touched off the worst offshore oil spill in U.S. history.

The White House is working on a legislative package that will include further unemployment benefits for people who have lost work due to the spill or the drilling moratorium.

Photos: Oil Impacts Animal LifeView Slideshow

Angel Gonzalez for The Wall Street Journal Brown pelicans overlooked containment boom lines at their nesting grounds in the Cat Bay Islands in Louisiana.

.Tar Reaches the Florida CoastView Slideshow

Reuters ..The Small Business Administration is offering economic injury loans to Gulf Coast businesses that have been impacted.

Industry trade groups say that each deepwater rig employs 180 to 280 workers, with each of those jobs supporting another four industry workers, for a total potential loss of more than 40,000 jobs. The moratorium "will result in crippling job losses and significant economic impacts for the Gulf region," the National Ocean Industries Association said in a letter Monday.

The House passed an economics package in May that more than quadruples a levy on oil companies for spill mitigation, to 34 cents a barrel from eight cents.

House Democratic leaders will meet on Tuesday with committee chairs to work out the House's next steps on raising liability limits, reorganizing the federal regulatory structure on oil drilling and forcing the oil industry to spend more on safety and environmental technology research.

The debate over how to respond to the Gulf spill disaster has put Mr. Obama in a difficult spot. He has sought to answer environmental concerns in part by ordering a six-month moratorium on new wells in water deeper than 500 feet, and calling for tougher safety regulation.

But during a trip to the Gulf on Friday, Mr. Obama also heard widespread complaints about the deepwater moratorium.



seth

.At a meeting at the New Orleans airport, Charlotte Randolph, president of Lafourche Parish, said she implored Mr. Obama for the second time in eight days to immediately lift the deepwater drilling moratorium. Billy Nungesser, president of Plaquemines Parish, suggested to the president he should deploy a federal official on every rig with the authority to shut it down at the first sign of trouble. Then he could lift the moratorium.

When neither of those ideas gained traction, Steve Theriot, president of Jefferson Parish, said he asked the president to lift the moratorium on every oil company but BP. Finally, Sen. David Vitter (R., La.) said the administration needed to immediately issue the new safety regulations that were holding up drilling permits. Mr. Vitter said he made the same appeal to Interior Secretary Ken Salazar three hours after the Obama meeting broke up.

On Monday, the widows of two Deepwater Horizon crewmembers called at a congressional hearing for stepped up safety enforcement in the offshore drilling industry, and voiced their support for continuing to drill offshore. "I fully support offshore drilling and I always will," said Natalie Roshto, of Liberty, Miss., whose husband, Shane, was among 11 people killed in the blast.

Mr. Obama defended the deep-water moratorium on Friday, and administration officials said Monday that it wasn't being reconsidered. "A repeat of the BP Deepwater Horizon spill would have grave economic consequences for regional commerce and do further damage to the environment," the White House said Monday.

(Wall Street Journal) "

[Popeye82]

PitchBook's 2Q 2010 PE Presentation Deck - PB - Jun10

- complimentary PowerPoint Deck includes:

+ PE Fundraising trends

+ Funds by fund size and % of capital raised

+ U.S. PE investment trends

+ Deal flow by deal size

+ Top industries for PE investments

+ Median deal valuations

+ Deal equity/debt ratios

+ Liquidity trends by type and size ...-
www.pitchbook.com/component/option,com_performs/Itemid,142/f…

[Popeye82]

Macusani Yellowcake Drilling Includes 47 Meter Intersection Averaging 0.20% U3O8 (154.2 ft at 4.04 lbs Per Ton U3O8) - Jun 09, 2010
www.marketwire.com/press-release/Macusani-Yellowcake-Drillin…

[Popeye82]

Energy Saving A/C Conquers All Climates; NREL melds technologies to invent a better air conditioner that could mean more comfortable summers and lower energy bills - NREL - Jun 11, 2010
www.nrel.gov/features/20100611_ac.html

[Popeye82]

Nautilus Minerals Signs Contract for 2010 Drilling Program - Jun 10, 2010
www.marketwire.com/press-release/Nautilus-Minerals-Signs-Con…

[Popeye82]

Gold Resource Corporation Ships Additional Concentrates Nearing Commercial Production - Jun 10, 2010
http://news.goldseek.com/FeaturedPR/1276179998.php

[Popeye82]

Carbon Market News - Jun 10, 2010
www.pointcarbon.com


"Today's headlines

*Republicans move forward with energy-only bill
*Brazil outlines agriculture GHG emission cut plan
*China’s fossil fuel emissions surge in '09: BP
*EUAs ticks higher
*UN climate chief warns of "red card" for climate talks
*German aviation tax may stay after 2012
*California firm buys post-2012 Chinese CERs
*Bulgarian firm sells JI credits to Netherlands
*UK firms will need to buy more EUAs: govt
*Romania in AAU talks with Sumitomo, Marubeni
*Cutting fuel aid could shave 10% off global emissions
*Norway negotiates post-2012 EU ETS participation
*Interview: Japan ETS unlikely until 2013
*RGGI closes at $2.03 on eve of auction "

[Popeye82]

Uranium: world class deposit; As one of the more common elements in earth's crust, uranium is often said to be some 40 times more common than silver and 500 times more common than gold. The distribution of uranium ore deposits are widely dispersed globally, with the largest known recoverable resources found in Australia, Kazakhstan, Russia, South Africa and Canada. It can be found almost everywhere in soil, rivers, oceans and rocks.The challenge is to find those areas where the concentrations are adequate to form an economically viable deposit and better yet a world class deposit - U3O8.biz - Jun 10, 2010

- by Dave Brown -
www.u3o8.biz/s/MarketCommentary.asp?ReportID=404381&_Type=Ma…

[Popeye82]

iQ Report, Q1 ´10 - Iradesso - Jun 10, 2010

- Highlights


RECAPS SET THE STAGE

With strong oil prices since last fall and low, yet stable, natural gas prices, many of the Canadian oil and gas industry's proven management teams have decided it is time to get back in the game. Maybe they are getting in at a good time for a resurgence in natural gas prices in the future, or maybe they figure they can take another turn at building a company and selling it in a market that has a decent appetite for the right kind of deals (particularly light oil resource plays). Some of the recognizable names that have showed up running another junior company over the past year include Dan O'Neil, Hugh Ross, Wade Becker, Russell Tripp, Trent Yanko and most recently, Grant Fagerheim.


SIZE ADVANTAGE

The intermediate grouping still demonstrates that it pays to be bigger. The intermediates showed economies of scale with median cash flow netbacks of $24.89 per boe for Q1. This compares favourably to the median junior cash flow netback of $18.87 per boe. Among other things, stronger hedging programs and lower costs per boe help intermediates make more money off each unit of production. The higher cash flow netbacks continue to translate into lower debt to cash flow ratios and lower share price to cash flow ratios for the intermediates.


PREDICTABLY RANGING

For both intermediates and juniors there is a degree of predictability from one iQ Report to the next when it comes to the median share price multiples of cash flow, the enterprise valuations per flowing boe and the enterprise valuations of proved plus probable (2P) reserves estimates. However it is also expected there will be a wide range of valuations on either side of these medians. As can be seen in the valuations, it pays in spades to be well-regarded by investors. Higher valuations mean better access to growth capital and all sorts of options for corporate maneuvering. Conversely, undervalued companies can easily get stuck in a rut.


BETTER JUNIOR RETURNS

During the first quarter of 2010, the median return on shares in junior oil and gas companies was 14%. Meanwhile, intermediate share prices just held flat. The higher returns in the junior sector likely relate to a few things. Junior share prices were harder hit in 2009, so had more ground to make up. Also, junior returns got skewed upwards by recap stories that had strong returns based solely on new management teams. ...-
http://iq.bmir.com/iq/iQ-Q1-2010-web.pdf

[Popeye82]

[AVZ] Further positive DTR results from Thresher Prospect, Namibia - Australianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38250
www.stocknessmonster.com/news-item?S=AVZ&E=ASX&N=493873

"Namibian explorer, Avonlea Minerals Limited has advised of the receipt of further positive results from Davis Tube Recovery (DTR’s) tests undertaken on composite drill core samples from the western limb of the Thresher Prospect within the 1,000sq km Okatumba Exclusive Prospecting Licence (“EPL”) 4129.

DTR Mass recovery included 40% at 106 micron (ìm) and 42% at 106 micron (ìm) with high grade magnetite concentrates of 70 % Fe.

Avonlea is now advancing plans for drilling programs to defining a JORC compliant resource of the existing exploration target areas comprising the Thresher and Hammerhead Prospects. Additional assay and metallurgical recovery testing and retesting is continuing. "

[Popeye82]

[MII] Increased resource - Australianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38252
www.stocknessmonster.com/news-item?S=MII&E=ASX&N=493856

"By incorporating recent drilling, along with historical drilling, a new Inferred mineral resource for the Kapok West prospect of 2.9Mt @ 5.5% Pb, 3.1% Zn and 13.9g/t Ag, above a combined 3% zinc plus lead cutoff, has been reported by Meridian Minerals Limited for the Lennard Shelf Project, according to the guidelines of the JORC Code.

This is an increase of 0.4Mt from the previously announced Kapok West mineral resource and with the addition of the new Inferred mineral resource, total mineral resources for the Lennard Shelf Project have increased a further 3.2% and now total 13.2Mt @ 6.3% Zn and 3.8% Pb.

A conceptual mining inventory of 2.92Mt @ 6.7% Pb, 3.7% Zn and 17g/t Ag, has been defined for the proposed combined mining operation based upon the Kapok, Kapok West and Cadjebut Splay mineral resources occurring in the Emanuel Range region of the Lennard Shelf project;

Preliminary results from metallurgical test work on samples from Kapok West confirm historical mineral recoveries and concentrate grades for Pb and Zn. Historically, Zn concentrate grades range from 58-60% at 95% recovery rates and Pb concentrate grades range from 72-77% at 85% recovery, with extremely low levels of impurities. "

[Popeye82]

[BUX] Promising iron results - Australianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38253
www.stocknessmonster.com/news-item?S=BUX&E=ASX&N=493892

"Buxton Resources Limited has announced that reconnaissance fieldwork has confirmed that an intense magnetic feature is caused by a metamorphosed iron formation. This has been named the Cohen Fe Prospect. It is poorly exposed and only outcrops at two locations.

Four rock-chip samples were collected and these returned promising Fe levels in excess of 30% Fe with a maximum of 38.9% Fe.

The terrain is flat and the outcrops discovered are best described as rubble of magnetite-bearing ferruginous ironstone. The weathered ironstones are granular in nature and relict banding is noted. The ironstone has a strong magnetic signature and it appears to be an antiform. Its strike length is 2.3 km.

Two linear magnetic features located east of the Cohen Fe Prospect are interpreted to be iron formations. These have been named the Dylan Fe Prospect and the Joplin Fe Prospect. Both magnetic anomalies are significantly larger than the Cohen magnetic anomaly and highlight the potential that large tonnages of Fe-bearing material may be discovered. "

[Popeye82]

[STU] High potential reported - Australianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38255
www.stocknessmonster.com/news-item?S=STU&E=ASX&N=178473

"Stuart Petroleum Limited today announced that a technical review by Stuart and by Denver-based unconventional gas experts, MHA Petroleum Consultants ‘MHA’, has resulted in Stuart’s recognition that two significant areas in its recently-granted tenement PEL516 in the Southern Cooper Basin – the Allunga Trough and the Mettika Embayment – hold considerable potential for the identification of major resources of Shale Gas.

In these localities the Permian-aged Roseneath and Murteree Shales are well developed and at moderate depths, conditions which are conducive to the development of relatively high-value high methane gas content (low carbon dioxide content) with high levels of contained gas-liquids. Also, gas in these strata is likely to prove noticeably less expensive to develop than in other, deeper, sectors of the Cooper Basin.

As reported in Stuart’s Quarterly Report for the period ending 31 March 2010, MHA has advised that Stuart’s Cooper Basin tenements have potential to contain in excess of 20 trillion cubic feet of coal-hosted gas-in-place, Stuart share, principally in Stuart’s northern tenements. More detailed studies are continuing. "

[Popeye82]

[WLF] Major resource upgrade - Australianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38256
www.stocknessmonster.com/news-item?S=WLF&E=ASX&N=493896

"Wolf Minerals Limited today announced a major resource upgrade at the company’s world class Hemerdon Ball Tungsten and Tin project in Devon, England, which includes an 84% increase in the quoted contained metal at the project.

This latest resource of 218.5Mt @ 0.18% tungsten trioxide (WO3) and 0.02% tin (Sn) is updated from the Company’s previous resource statement of November 2008 and brings the majority of the planned open pit resource at Hemerdon to a measured category.

This reinforces the project’s position as one the largest Tungsten resource in the world and increases the confidence in the robust financials of the planned mining operation at Hemerdon. "

[Popeye82]

[GIR] Strong assay results - Australianinvestor - 10-Jun-2010
www.australianinvestor.com.au/news.asp?id=38257
www.stocknessmonster.com/news-item?S=GIR&E=ASX&N=493884

"Giralia Resources NL today announced further significant assay results from the ongoing resource definition drilling program at the Company’s 100% owned McPhee Creek iron ore discovery, located 220 kilometres south-east of Port Hedland, and around 50 kilometres north of BC Iron Limited/ FMG's Nullagine Iron Ore JV deposits in the Pilbara region of Western
Australia.

Strong results continue to extend current JORC resource to the south including 102 metres @ 58.2% Fe (63.5%CaFe) and there is significant figures on the eastern side of range of including interection of 74 metres @ 56.5% Fe, (63.6%CaFe).

An interim resource upgrade will be calculated when all results from drilling south of the current JORC resource are received. "

[Popeye82]

Economists Doubt Growth for the U.S.; Economists surveyed by The Wall Street Journal are sticking with their forecasts for slow but steady growth in the U.S. economy through the middle of 2011 despite recent turmoil in European debt markets - WSJ - Jun 10, 2010

- By Phil Izzo -
http://online.wsj.com/article/SB1000142405274870389090457529…

[Popeye82]

U.K. Cuts Push Unemployment Close to 3 Million; Government spending cuts will push UK unemployment up from its current 2.5m to almost 3m, a report has warned - BBCN - Jun 10, 2010
http://news.bbc.co.uk/2/hi/business/10280461.stm

[Popeye82]

Bernanke Warns of ‘Unsustainable’ Debt; Mr. Bernanke, the Federal Reserve chairman, warned on Wednesday that “the federal budget appears to be on an unsustainable path,” but also recognized that an “exceptional increase” in the deficit had been necessary to ease the pain of recession - NYT - Jun 10, 2010

- By Sewell Chan -
www.nytimes.com/2010/06/10/business/economy/10fed.html?ref=g…

[Popeye82]

IMF Says Risks to Economy Have Risen ‘Significantly’ - BB - Jun 9, 2010

- By Shamim Adam -
www.bloomberg.com/apps/news?pid=20601087&sid=ajpcYIGbOenY&po…

[Popeye82]

U.S.’s $13 Trillion Debt Poised to Overtake GDP: Chart of Day -BB - Jun 4, 2010

- By Garfield Reynolds &Wes Goodman -
www.bloomberg.com/apps/news?pid=20601010&sid=aa0cI64Gx.4E

[Popeye82]

African Diamonds has hopes for Botswana - Miningmx/I-Net Bridge - Jun 10, 2010
www.miningmx.com/news/diamonds/African-Diamonds-has-hopes-fo…

[Popeye82]

Volta Extends Gold Mineralization Further South at its Kiaka Gold Project; Intersects 82.0m at 1.12g/t Gold, Including 42.1Meters at 1.54g/t Gold - Also 35.6m (at) 1.13g/t Gold Including 5.0m (at) 4.77g/t Gold - Jun 10, 2010
http://ca.news.finance.yahoo.com/s/10062010/30/link-f-cnw-vo…

[Popeye82]

FDA Should Adopt Risk-Based Approach to Food Safety; To more proactively target potential food safety problems, the U.S. Food and Drug Administration should implement a risk-based approach in which data and expertise are marshaled to pinpoint where along the food production, distribution, and handling chains there is the greatest potential for contamination and other problems, says a new report from the Institute of Medicine and the National Research Council - NAS/ M &NRC - Jun 8, 2010
www.nationalacademies.org/morenews/20100608a.html

[Popeye82]

Dorato Signs Option Agreement For Additional Land Package in Cordillera del Condor District, NW Peru - Jun 11, 2010
www.marketwire.com/press-release/Dorato-Signs-Option-Agreeme…

[Popeye82]

Synodon Signs Customer Contract With TransGas/SaskEnergy - Jun 11, 2010
www.marketwire.com/press-release/Synodon-Signs-Customer-Cont…

[Popeye82]

Reasons to own Gold - SAM - Jun10

- John Embry -
www.sprott.com/docs/Reports/reasons_to_own_gold.pdf

[Popeye82]

National Energy Board Invites Participation in the Public Review of Arctic Offshore Drilling Requirements - OR, CALGARY - 6/11/2010
www.ocean-resources.com/industry-news.asp?newsid=8884

[Popeye82]

Two Canadian premiers back offshore drilling - OR, CALGARY - 6/11/2010
www.ocean-resources.com/industry-news.asp?newsid=8883

[Popeye82]

Banks With State Debt Ignore Not-If-But-When Default; European banking shares indicate a Greek debt default may be just a matter of time - BB - Jun 11, 2010

- By Niklas Magnusson, Elena Logutenkova &Aaron Kirchfeld -
www.bloomberg.com/apps/news?pid=20601087&sid=aVTX9yKZzdJ4&po…

[Popeye82]

China Inflation Rises to a 19-Month High - NYT - Jun 11, 2010

- By Bettina Wassener -
www.nytimes.com/2010/06/12/business/global/12yuan.html?ref=b…

[Popeye82]

Carbon Market News - Jun 11, 2010
www.pointcarbon.com


"Today's headlines

*Private sector shut out of Redd: experts
*EUAs end firm amid subdued trade
*Poorer countries slam new UN text
*RGGI auction price plunges to $1.88
*UN launches probe after Saudi sign damaged
*Analysts up EUA price forecasts
*EUAs firm by midday
*UN talks chew over new text
*World Cup teams to offset emissions
*RGGI closes down 1%, auction results Friday "

[Popeye82]

Precious Metal Stock Review; To Be Or Not To Be ...In The Markets - Jun 12, 2010
www.preciousmetalstockreview.com/downloads/June%2012,%202010…

[Popeye82]

BioNeutral Group Passes Final Key GLP Efficacy Test for Registration as a Hospital Sporicide in Canada and Australia - May 3, 2010
http://finance.yahoo.com/news/BioNeutral-Group-Passes-Final-…

"NEWARK, N.J.--(BUSINESS WIRE)--BioNeutral Group, Inc. (OTCBB:BONU - News), a specialty chemical technology-based life science company, reports that it has received test results from ATS Labs indicating that its Ygiene™ hospital-grade antimicrobial has passed the stringent sporicidal GLP test requirements for hospital and medical environment sporicide efficacy claims in Canada and Australia.

This key test demonstrated that Ygiene™ hospital-grade antimicrobial eliminated harmful spores in only 20 minutes. With the completion of the required GLP testing, BioNeutral is now positioned to apply for approval of its Ygiene™ hospital-grade antimicrobial as a bactericide, fungicide and sporicide with Health Canada under the Food and Drug Act (see http://www.hc-sc.gc.ca/index-eng.php) and in Australia with the Department of Health and Aging Therapeutic Goods Administration (see http://www.tga.gov.au). BioNeutral Group intends to proceed with these approvals and commercialize Ygiene™ hospital-grade antimicrobial in these countries.

Dr. Andy Kielbania, Chief Scientist at BioNeutral, stated: “We are extremely pleased with these test results for Ygiene™, which show that we have a rapid-acting sporicide. We look forward to entering the important markets of Canada and Australia in addition to Germany and the United Kingdom.”


About ATS Labs

ATS Labs is a leading internationally recognized independent testing laboratory used by the developers and users of antimicrobial products. They provide comprehensive antimicrobial services and their superior client service and scientific data have earned them a distinguished record of acceptance with regulatory agencies in the US, Canada and around the world. For more information, visit http://www.ats-labs.com.


About BioNeutral Group, Inc.

Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc., is a specialty chemical technology-based life science company that is developing and intends to commercialize a combinational chemistry-based technology which can neutralize harmful environmental contaminants, toxins and dangerous microorganisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene™ and Ogiene™, are both eco-friendly. The Company has combined these widely used compounds in highly specialized ways to create products that dramatically enhance disinfecting and cleaning results; products include BioNeutralizers and ChemoNeutralizers. BioNeutral’s proprietary platform technology has been proven effective in surface, water and airborne applications. Its antimicrobial line of products under the Ygiene™ brand have not yet been submitted to the EPA for approval for sale in the United States; however they have been approved in Germany and are allowed in the UK, France and Sweden.

More information about the Company may be found at www.bioneutralgroup.com "

[Popeye82]

BioNeutral Group Completes Required Good Laboratory Practice (GLP) Testing for Ygiene; Bioneutral Is Ready to File for EPA Review for Registration of Its Ygiene™ Hospital-Grade Disinfectant and Begins to Focus Commercial Efforts in Europe Where Approvals Have Already Been Obtained - May 13, 2010
http://finance.yahoo.com/news/BioNeutral-Group-Completes-bw-…

"NEWARK, N.J.--(BUSINESS WIRE)--BioNeutral Group, Inc. (OTCBB:BONU - News), a specialty chemical technology-based life science company, reports that it has completed the required Independent Good Laboratory Practice (GLP) toxicity, chemistry and efficacy testing required for submission of its Ygiene™ Hospital Disinfectant to the U.S. Environmental Protection Agency (EPA). Based upon the completion of these required tests, the Company will be filing for EPA review of its Ygiene™ Hospital Disinfectant in the near future after consulting with its advisers.

As the Company prepares to submit for registration from the EPA, a key step in the eventual marketing and sales of Ygiene™ within the U.S., it is also focusing its commercial efforts in Europe, where approvals have already been obtained or are in the process of being secured. The Company has approval for Ygiene™ platform sales as a antimicrobial within Germany and has received legal advice on same sales within the United Kingdom, France and Sweden.

Dr. Andy Kielbania, Chief Scientist for BioNeutral, stated: “We are very pleased with the positive results of our independent GLP testing required for submission to the EPA. This is a significant milestone achievement for our technology. It provides further evidence of the quality and effectiveness of Ygiene™ as a disinfectant, and of course it assists in our eventual goal of sales within the U.S.”


About BioNeutral Group, Inc.

Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc., is a specialty chemical technology-based life science company that is developing and intends to commercialize a combinational chemistry-based technology which can neutralize harmful environmental contaminants, toxins and dangerous microorganisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene™ and Ogiene™, are both eco-friendly. The Company has combined these widely used compounds in highly specialized ways to create products that dramatically enhance disinfecting and cleaning results; products include BioNeutralizers and ChemoNeutralizers. BioNeutral’s proprietary platform technology has been proven effective in surface, water and airborne applications. Its antimicrobial line of products under the Ygiene™ brand have not yet been submitted to the EPA for approval for sale in the United States; however they have been approved in Germany and are allowed in the UK, France and Sweden.

More information about the Company may be found at www.bioneutralgroup.com. "

[Popeye82]

Featured on Discovery News; Dr. Andy Kielbania Discusses the Military Applications of Their Antimicrobial and Disinfecting Products - May 17, 2010
http://finance.yahoo.com/news/BioNeutrals-Chief-Scientist-bw…
http://news.discovery.com/videos/tech-killing-anthrax-faster…

"NEWARK, N.J.--(BUSINESS WIRE)--Andy Kielbania, Ph.D., Chief Scientist of BioNeutral Group, Inc. (OTCBB: BONU - News), a chemical technology-based life science company, is featured in a video titled “Tech: Killing Anthrax Faster and Greener” posted on Discovery News, an online news outlet operated by Discovery Communications, the corporate parent of the Discovery Channel.

Filmed at the BioNeutral laboratory in Newark, NJ, the video highlights the company’s environmentally responsible military-grade product platform, Ygiene™. Dr. Kielbania discusses the applications of his chemistry-based technology, which has been shown capable in independent testing of killing deadly anthrax spores in an efficient manner, allowing for the quick rehabilitation of a previously toxin-contaminated workspace.

Ygiene™ is not yet registered with the Environmental Protection Agency (EPA) or available commercially in the United States. Ygiene™ Professional Disinfectant Product and Multipurpose Cleaner and Disinfectant Product are registered and approved in Germany and are allowed in the UK, France and Sweden.

To view the full video, please visit the following link: http://news.discovery.com/videos/tech-killing-anthrax-faster…


About BioNeutral Group, Inc.

Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc., is a specialty chemical technology-based life science company that is developing and intends to commercialize a combinational chemistry-based technology which can neutralize harmful environmental contaminants, toxins and dangerous microorganisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene™ and Ogiene™, are both eco-friendly. The Company has combined these widely used compounds in highly specialized ways to create products that dramatically enhance disinfecting and cleaning results; products include BioNeutralizers and ChemoNeutralizers. BioNeutral’s proprietary platform technology has been proven effective in surface, water and airborne applications. Its antimicrobial line of products under the Ygiene™ brand have not yet been submitted to the EPA for approval for sale in the United States; however they have been approved in Germany and are allowed in the UK, France and Sweden.

More information about the Company may be found at www.bioneutralgroup.com "

[Popeye82]

Quest Capital und Sprott setzen auf die Rohstoffbranche - RG - Jun 11, 2010
www.rohstoffe-go.de/rohstoff/rohstoffe-go-exklusiv/beitrag/i…


"Rohstoffunternehmen in Kanada haben bald eine neue Möglichkeit, an Geld zu kommen. Zwei bekannte Unternehmen tun sich zusammen, um dem Markt neues Kapital zu offerieren.


Die Fondsmanager von Sprott Inc (WKN: A0Q0AG) aus Toronto haben einen neuen Trend entdeckt. Aufgrund der allgemeinen Krise der Weltwirtschaft und der zögerlichen Haltung vieler Banken bei der Vergabe von Krediten sehen sie lukrative Möglichkeiten für einen neuen Geschäftszweig. Sie wollen Unternehmen, die im Rohstoffbereich tätig sind, Gelder als Darlehen zur Verfügung stellen. Als Fondsgesellschaft haben die Sprott-Manager viele Kontakte innerhalb der Branche, allerdings fehlt ihnen bisher die Expertise, um Geld zu verleihen. Dazu holen sie sich einen Partner ins Boot, der dieses Metier seit vielen Jahren beherrscht.

Quest Capital (WKN: 813734) aus Vancouver wird künftig mit und für Sprott dieses Darlehens-Geschäft betreiben. Bisher sind die Westkanadier, die seit rund 25 Jahren in der Finanzbranche aktiv sind, vor allem im Immobiliengeschäft tätig. Dieser Bereich, Darlehen für Immobilien zur Verfügung zu stellen, wird jedoch aufgegeben werden. Die entsprechenden Darlehen werden umstrukturiert oder verkauft werden.

Durch ein Private Placement wird sich Sprott mit bis zu 25 Millionen Kanad. Dollar an Quest beteiligen. Auch wird das Unternehmen seinen Namen ändern, künftig wird es nicht mehr als Quest Capital sondern als Sprott Resource Lending firmieren. Damit wird der neue Schwerpunkt deutlich. Klar ist damit auch, dass Sprott in Zukunft das Sagen in dem Unternehmen haben wird. Wenig überraschend ist daher, dass die Unternehmensführung von Quest von ihren Posten zurücktreten wird.

Es ist wahrscheinlich, dass nicht alle Altaktionäre von Quest Capital mit der neuen Entwicklung einverstanden sind – obwohl der Kurs nach Bekanntwerden der Strategieänderung um 13 Prozent nach oben gegangen ist. Diesen „unzufriedenen“ Aktionären macht Quest Capital ein Angebot. Das Unternehmen startet ein Aktienrückkaufprogramm. Dabei werden Aktien im Gegenwert von bis zu 60 Millionen Dollar erworben. Der Rückkauf wird mit einem Aufschlag erfolgen, abhängig von der Kursentwicklung wird das Angebot je Aktie bei maximal 1,60 Dollar liegen.

Bei Sprott ist man davon überzeugt, dass Sprott Resource Lending zu einem führenden Player in der Branche aufsteigen wird. Dafür sprechen die Erfahrungen auf beiden Seiten. Zugleich boomt die Rohstoffbranche in Kanada, oftmals fehlen jedoch die nötigen Gelder für den nächsten Entwicklungsschritt. Diese will Sprott den Unternehmen liefern. Angedacht sind dabei sowohl Mezzanine-Finanzierungen als auch Überbrückungskredite. Neben der Rohstoffindustrie will man sich mit diesen Angeboten auch an die Öl- und Gasindustrie wenden. Zwei mögliche Transaktionen werden offenbar schon genau unter die Lupe genommen. Näheres dazu ist jedoch noch nicht zu erfahren. "

[Popeye82]

BioNeutral Group Signs Agreement to Acquire Steri-7; Combined Product Formulations to Offer an Intergraded Disinfecting Solution for International Distributors, Health Care Providers, Industrial and Institutional Customers, and Consumers - May 18, 2010
http://finance.yahoo.com/news/BioNeutral-Group-Signs-bw-2078…

"NEWARK, N.J.--(BUSINESS WIRE)--BioNeutral Group, Inc. (OTCBB:BONU - News), a specialty chemical technology-based life science company, announced today the signing of an agreement to acquire all of the shares of Steri-7, a UK manufacturer and supplier of proprietary formulations in the disinfectant and cleaning field with sales in Europe and the Middle East. Steri-7 and BioNeutral technologies offer consistent performance claims for worldwide solutions in the health care and related fields. The parties hope to finish documentation by the end of May and close by the end of July. Terms and conditions are being held confidential.


Steri-7 has sales of approximately one million pounds for this fiscal year and currently offers products for the hospital, nursing home, physician office, police department and equine market in the UK and Europe. Sales have commenced utilizing some of the largest distributors on the continent. Steri-7 and BioNeutral technologies are designed to meet health regulatory requirements in all major markets around the world, offering opportunities and solutions for international distributors to maintain consistent claims and market more effectively.

Jim Fraser, CEO of Steri-7 said: “We are concentrating on Europe and the Middle East, with the best formulations on the market. Our business is growing very fast and it will be exciting to serve large international distributors with an intergraded product line. Bioneutral technology will open up the US and related markets with an overall product line that will create a large successful company.”

Nick Sayer, Managing Director Worldwide for Steri-7 said: “7 is approved by the NHS here in the UK and our distributors are doing quite well with our products. Our Steri – 7 line shows sporicidal results for up to 7 days and we are excited about the prospects of becoming the gold standard in the industry. We just launched our new Equine product line in the US. It works well enough for the Queen’s horses and the Aga Kahn as their stables now use Steri-7.”

Andy Kielbania, Chief Scientist for Bioneutral, said: “Both of the technology platforms, BioNeutral and Steri-7, can jointly help us create a class of super-products that vastly outperform competing products on the market.”

Stephen J. Browand, President and CEO for Bioneutral, said: “This acquisition is designed to produce technologies that can give rise to even better products in the future, while meeting the two regulatory systems—those in the US and the UK—that are adopted by most countries of the world. Large players in the health care and related markets are global, and we believe that this combination of products will be very appealing to a wide range of customers.”


About BioNeutral Group, Inc.

Headquartered at the New Jersey Institute of Technology/EDC in Newark, New Jersey, BioNeutral Group, Inc., is a specialty chemical technology-based life science company that is developing and intends to commercialize a combinational chemistry-based technology which can neutralize harmful environmental contaminants, toxins and dangerous microorganisms including bacteria, viruses, mold, fungi and spores. The formulations, including Ygiene™ and Ogiene™, are both eco-friendly. The Company has combined these widely used compounds in highly specialized ways to create products that dramatically enhance disinfecting and cleaning results; products include BioNeutralizers and ChemoNeutralizers. BioNeutral’s proprietary platform technology has been proven effective in surface, water and airborne applications. Its antimicrobial line of products under the Ygiene™ brand have not yet been submitted to the EPA for approval for sale in the United States; however they have been approved in Germany and are allowed in the UK, France and Sweden.

More information about the Company may be found at www.bioneutralgroup.com


About Steri-7:

Steri-7 is a privately held UK company with a broad product line of advanced proprietary antimicrobial formulations designed to eliminate bacteria, virus and spores in the health care and related industries with products which include sporicidal hard surface sprays, sporicidal wipes and sporicidal hand cleansers. All products are mild, environmentally friendly and provide long-lasting protection which is unique in the industry. Sales have commenced in the UK and the Middle East.

More information about the Company may be found at www.steri-7.com "

[Popeye82]

Universal Power resource estimates for 90% owned 2713A Exploration Licence, Namibia - Jun 9, 2010
www.canadanewswire.ca/fr/releases/archive/June2010/09/c3545.…

"CALGARY, June 9 /CNW/ - Universal Power Corp. ("Universal" or the "Company") today announced prospective resource estimates for the Company's 90% owned 2713A Exploration Licence, representing approximately 16% of Universal's net land position in offshore Namibia. The property is located on the boundary between the Luderitz and the Orange Basin in the southern portion of Namibia. The prospective resource estimates were provided by a third party independent report (the "2713A Evaluation") supplied by DeGolyer and MacNaughton ("D&M") of Dallas, Texas. The D&M Prospective Resource Evaluation Report for Block 2713A, effective April 1, 2010, was prepared in accordance with National Instrument 51-101 ("NI 51-101"), Sections 5.9 and 5.10 standards for review and assessment of prospective resources. Overall, D&M has reported an unrisked mean oil-equivalent prospective resource at Block 2713A of 2.39 billion BOE (converting gas to oil at 6:1), and a risked mean prospective resource of 567 million BOE.

"The 2713A Evaluation provides an independent resource evaluation and is an important step forward in Universal's exploration program," said Mr. Gabriel Ollivier, CEO of Universal Power. "The calculated probability of success of 23% for the Block makes for robust risked economics and supports our belief that there is significant crude oil to be found in offshore Namibia. We feel that collectively the defined prospective resource of Block 2713A, related scientific findings and the large structural features already mapped will be of significant interest to the world's major oil and gas companies." ..."

[Popeye82]

STWA Working with Energy Production and Transportation Industry Leaders to Develop and Implement Product Prototypes of Its Applied Oil Technology (AOT); Company Moves toward Development and Test Implementation of Its AOT Technology to Reduce Costs for Global Oil Pipeline Operators - May 26, 2010
http://finance.yahoo.com/news/STWA-Working-with-Energy-bw-24…

"SANTA BARBARA, Calif.--(BUSINESS WIRE)--Save The World Air, Inc. (OTCBB: ZERO - News) (“STWA or the “Company”), an innovative pioneer in the clean technology industry focused on energy efficiency and air quality issues, announced today that it is working with industry leaders to design field product prototypes based on its Applied Oil Technology (AOT). The product will have the potential to deliver substantial cost savings in pipeline operations by diminishing the need for Drag Reducing Agents, diluents and heating needed to lower crude oil viscosity to move oil through pipelines.


The product prototype, based on STWA’s AOT technology for supplemental viscosity reduction, would increase the flow of crude oil moving through pipelines and increase pipeline efficiency by shortening the time that it takes to transport crude oil. According to the Association of Oil Pipe Lines (APOL), the average cost to transport a barrel of oil was $1.05 in April 2005. Currently, there are 408,664 miles of crude oil pipeline around the globe, according to estimates by Visiongain Ltd. In the first quarter of 2010, global oil supply was approximately 86.5 million barrels a day. On an annualized basis at $1.05/per barrel, this places global revenues for transporting oil through pipelines at approximately $33.1 billion. Assuming that all pipelines were operating at full capacity, it is estimated that a 20% increase in global crude oil flow would generate approximately $6.6 billion a year in revenue for the world’s pipeline operators due to the increased flow capability.

In order to achieve an average 20% increase in oil flow industrywide, the current AOT prototype would have to be installed at predetermined intervals along an oil pipeline. With the current estimated 408,664 miles of crude oil pipeline, the addressable market for AOT devices could possibly total 40,000. Based just on the ability to move oil faster, 40,000 AOT products that deliver approximately $6.6 billion in additional revenue at an installation cost of $150,000 per product would deliver a one-year return on investment (ROI) for the pipeline industry.

Cecil Bond Kyte, Chairman and CEO of Save The World Air, Inc., commented, “Pipeline operators are already very familiar with installing viscosity reduction equipment every ten miles. The 24-inch 500 mile Crude Oil Pipeline from Barmer, Rajasthan to Salaya, Gujarat in India, completed in 2009, has a separate 8-inch pipeline laid across the whole length of the pipeline to transport natural gas to fuel heaters every ten miles to soften the crude so it will flow to market. The introduction of STWA’s AOT technology would save tens of millions of dollars in natural gas costs versus this current method.”

Added Mr. Kyte, “Our AOT technology will also reduce the need for expensive chemical additives and DRA to lower viscosity, which remains a key consideration in environmentally sensitive areas due to its caustic and toxic nature, thereby increasing liabilities associated with production costs. In Petroleum News in 2007, the Operations Engineering Supervisor of the 800-mile Alyeska Pipeline in Alaska noted that if DRA had been available in the 1970s when the pipeline was built, it would have saved billions of dollars in construction costs. Based on this information, we believe that the application of AOT devices would not only save billions of dollars in oil transportation costs, but also could save billions in pipeline construction costs.”


About Save The World Air, Inc.

Save The World Air, Inc. develops and licenses patented and patent pending flux field pollution control and performance improvement technologies, including the ELEKTRA, ZEFS and MKIV, which have been scientifically tested and proven to significantly reduce harmful exhaust emissions, improve performance and enhance fuel economy. The products have been engineered to serve as either stand alone pollution control systems or can be used (in conjunction with catalytic converters) to create a more effective total pollution control system that not only reduces harmful emissions, but also decreases greenhouse gases, improves fuel efficiency and boosts performance.

More information including a company Fact Sheet, logos and media articles are available at: www.irthcommunications.com/clients_ZERO.php, and at: www.magchargr.com.

Follow STWA on Twitter: www.twitter.com/stwainc
Follow STWA on Facebook: www.facebook.com/group.php?gid=50849493541 "

[Popeye82]

Ford's Plan to Hedge on Hybrids; The company will share parts and production lines between hybrids and conventional vehicles - TR - Jun 14, 2010

- by Kevin Bullis -
www.technologyreview.com/energy/25540/?nlid=3105

[Popeye82]

[GOT] Groote Resources expands its exploration interests - Australianinvestor - 9-Jun-2010
www.australianinvestor.com.au/news.asp?id=38232
www.stocknessmonster.com/news-item?S=GOT&E=ASX&N=493740

"Groote Resources Limited is pleased to announce that after conducting further investigations into mining in shallow marine environments it has applied for nine new offshore mineral Exploration Licences (OLEA) in the Groote Eylandt region.

The licenses - "OEL28098 to OEL28106" inclusive – represent a substantial expansion to the Company’s prospective drilling area for manganese in the Gulf of Carpentaria of the Northern Territory.

Groote Resources has also applied for five new Authorization applications "A28131 to A28135" inclusive, which follows approval received by the Company from the Northern Territory Government.

The OELAs and Authorisations comprise 15,439 km2 of prospective tenure, immediately to the south and southwest of Groote Eylandt, one of the world’s largest high-grade manganese deposits. The Groote Eylandt manganese deposit has been mined since the early 1960s by Groote Eylandt Mining Company Pty Ltd (“GEMCO”) which is jointly owned by BHP Billiton Ltd (60%) and Anglo American Corporation (40%). "

[Popeye82]

[POZ] Assays confirm significant iron mineralisation - Australianinvestor - 9-Jun-2010
www.australianinvestor.com.au/news.asp?id=38236
www.stocknessmonster.com/news-item?S=POZ&E=ASX&N=493743

"New assay results have confirmed a prospective and potentially large iron ore project with iron rich outcrops intermittently occurring over a distance of 60 kilometres at Phosphate Australia Limited’s wholly-owned Nicholson Iron Project in the Northern Territory.

The results are from a recent heli-borne sampling program over the Nicholson Iron Project on tenement EL 25068, which is 230 km from the Gulf of Carpentaria and also contains the Company’s advanced Highland Plains Rock Phosphate Project.

The best iron results include encouraging grades up to 51.6% Fe with 0.078% P (phosphorus) content.

These sample results demonstrate the existence of multiple oolitic or Clinton-style iron mineralisation occurrences of in parts of the Company’s extensive tenement holdings. Using these results, underlying bedrock geology, historical work and existing geophysics, a large prospective area of 1,400 km2 has now been estimated within which these discrete oolitic style iron bodies may occur. "

[Popeye82]

[RDR] Positive Lithium Carbonate PFS and New Exploration Target - Australianinvestor - 15-Jun-2010
www.australianinvestor.com.au/news.asp?id=38277
www.stocknessmonster.com/news-item?S=RDR&E=ASX&N=494208

"Australian diversified resources company Reed Resources Ltd has announced encouraging results from a Pre-feasibility Study into the processing of lithium concentrates (spodumene) into battery-grade lithium carbonate. The PFS undertaken by Hatch investigated the production of 17,000 tonnes per annum of lithium carbonate from 120,000 tonnes of chemical-grade spodumene concentrate, of a quality equivalent to Reed’s planned share of output from its proposed Mt Marion Lithium project operation.

The preferred case Net Present Value of around US$400 million is based on various key commercial and operating assumptions, and using 12% discount rate, delivering an Internal Rate of Return of around 68%.

The study identifies China and Malaysia as the preferred options for location of lithium carbonate plant, based on operating and capital costs, and taxation regimes.

There is strong interest from domestic and Asian parties seeking toll-conversion and standalone lithium carbonate joint venture arrangements.

The company has also announced an exploration target of an additional 10 – 15 Mt of 1.1 – 1.4% Li2O. "

[Popeye82]

Salazar Commences Phase 2 Drill Program at Curipamba, Ecuador - Jun 15, 2010
www.marketwire.com/press-release/Salazar-Commences-Phase-2-D…

[Popeye82]

Weekly Review - Ocean Equities - Jun 9, 2010
www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_April_…

[Popeye82]

IBC Advanced Alloys Announces Geophysical Contract With Fugro Airborne Surveys for Utah Properties - Jun 16, 2010
www.marketwire.com/press-release/IBC-Advanced-Alloys-Announc…

[Popeye82]

Hathor Exploration Limited: High Grade Uranium Intersections at Roughrider Bolstered by Recoveries of Up to 98.9% in Metallurgical Leach Tests - Jun 16, 2010
www.marketwire.com/press-release/Hathor-Exploration-Limited-…

[Popeye82]

Digital Energy Journal - Jun10

+ The 10 flaws of every DOF project

+ Better pore pressure from seismic

+ Permanent seabed seismic - financially viable?

+ Microsoft in oil and gas

+ 4D seismic - where are we so far

+ Finances of hubs in mature fields ...
www.findingpetroleum.com/userimages/backissues/DEJ25web.pdf

[Popeye82]

FerrAus - Major Upgrade Underpins PFS at FerrAus Pilbara Project - Jun 16, 2010

+ 116% Increase In Indicated and Measured Iron Ore Resources

+ Total Resources Now 297.2mt

+ Targeting 400 Million Tonnes of Resources by end 2010 ...
www.ferraus.com/userfiles/file/129_856321.pdf

[Popeye82]

African Eagle Resources - Major Resource Increase at Dutwa; Tonnage tripled and contained metal more than doubled - Jun 15, 2010

+ New JORC inferred resource for Ngasamo (western deposit); >35.3 million tonnes at average grade 0.9% nickel and 0.036% cobalt

+ Updated JORC inferred resource for Wamangola (main deposit); 56.8 million tonnes at average grade 0.86% nickel and 0.030% cobalt

+ Global resource tonnage increased 3-fold and contained metal increased 2.4-fold; 92.1Mt at 0.92% nickel equivalent (845,000t contained eNi)

+ Deposit modelling by the Snowden Group continuing for upgrade to Indicated category ...
www.africaneagle.co.uk/n/news_display.asp?Id=201006/1423716

[Popeye82]

BHP Billiton in $3bn Liberian iron deal; Resources giant BHP Billiton has increased its drive for African iron ore, which will lessen its reliance on Australian mineral stores in the longer term - Miningmx/I-Net Bridge - Jun 14, 2010
www.miningmx.com/news/ferrous_metals/bhp-billiton-in$3bn-lib…

[Popeye82]

Blackline GPS Corp. Appoints Chief Financial Officer - Jun 15, 2010
www.marketwire.com/press-release/Blackline-GPS-Corp-Appoints…

[Popeye82]

Almaden Minerals Ltd.: Exploration Program Underway at the Elk Project, BC - Jun 15, 2010
www.marketwire.com/press-release/Almaden-Minerals-Ltd-Explor…

[Popeye82]

Anglo Aluminum Completes Bauxite Resource Drilling at Koumbia, Commences Bauxite Exploration Drilling at Mamou-Dalaba, Guinea - Jun 15, 2010
www.marketwire.com/press-release/Anglo-Aluminum-Completes-Ba…

[Popeye82]

State participation in mining will grow; Australia's super tax on resources is an indication that governments globally will increasingly seek to 'participate' in the mining sector, South Africa included - Miningmx - Jun 13, 2010

- David McKay -
www.miningmx.com/opinion/columnists/State-participation-in-m…

[Popeye82]

Geovic Announces Results of 2010 Annual Meeting - Jun 14, 2010
www.marketwire.com/press-release/Geovic-Announces-Results-of…

[Popeye82]

Baobab Resources - Tete Drilling Update - Jun 11, 2010

Highlights:

+ Scout diamond drilling at the Chimbala prospect continues to progress well with nineteen holes completed to date for an aggregate total of 3,963m. Drilling has intersected significant widths of magnetite-ilmenite mineralisation.

+ Latest analytical results from drill holes TDH0024, 26 and 27 have returned significant mineralised intercepts recording concentrate grades of:


- TDH0024 - two significant intercepts, totalling 24m, including:

12.0m @ 60.6% Fe and 0.66% V2O5 from 77.0m (30.5% mass recovery)


- TDH0026 - three significant intercepts, totalling 28.5m, including:

13.0m @ 62.8% Fe and 0.69% V2O5 from 72.0m (34.5% mass recovery)


- TDH0027 - ten significant intercepts, totalling 102.5m, including:

14.5m @ 60.9% Fe and 0.68% V2O5 from 120.5m (29.4% mass recovery)

26.5m @ 61.2% Fe and 0.68% V2O5 from 191.0m (26.3% mass recovery) which includes an 8m interval with a mass recovery of 40.2% (61.3% Fe, 0,67% V2O5).


+ Assay results from the next batch of holes are expected to be available next month. ...
www.londonstockexchange.com/exchange/prices-and-news/news/ma…

[Popeye82]

Aquila and HudBay Announce Additional Drilling Results-Expanding Massive Sulfides and Gold Zones Near Surface LK-430 Intercepts 122.4 Meters at 2.0 g/t Gold and 5.5% Zinc - Jun 15, 2010
www.marketwire.com/press-release/Aquila-HudBay-Announce-Addi…

[Popeye82]

East Asia Extends Miwah Further West With 2.19 g/t Gold Over 43 Metres and 1.62 g/t Gold Over 37.6 Metres, and Remains Open - Jun 15, 2010
www.marketwire.com/press-release/East-Asia-Extends-Miwah-Fur…

[Popeye82]

Sustainable Energy Announces 400kW SUNERGY(TM) Order for German Rooftop PARALEX(TM) Systems; 400KW Order Combines SUNERGY Inverters with HelioSphera High Efficiency Micro-Morph Thin Film PV Modules for More Kilowatt Hours per Rated Watt - Jun 15, 2010
www.marketwire.com/press-release/Sustainable-Energy-Announce…

[Popeye82]

Quickstep Holdings - Confirms Benefits in New Aerospace Manufacture Technique - Jun 15, 2010

+ Quickstep demonstrates and validates key advantages in the area of ‘Binder Activation’ – a new processing technique for making pre-forms for aerospace-grade composite materials.

+ The Quickstep Process could deliver 40-60% improvement in cost efficiency.

+ Process is already fully validated, providing strong potential to build a new key near-term income stream for the Company. ...
www.stocknessmonster.com/news-item?S=QHL&E=ASX&N=494254

[Popeye82]

Sunkar Resources - Change of Subsoil Use Contract Terms Approved - Jun 18, 2010
http://online.hemscottir.com/ir/skr/news_xml.jsp?item=432647…

[Popeye82]

Quickstep Holdings - US Subsidiary to Target Commercial Contracts in Nth America - Jun 17, 2010

+ Quickstep incorporates subsidiary company in the United States to bid on US development programs and to demonstrate the Quickstep Process to US-based aerospace, defence and automotive companies.

+ Follows the completion of an initial 3-year collaboration agreement with the US-based National Composite Center.

+ Incorporation of a formal US entity to enable Quickstep to target key US defence projects that restrict access to foreign nationals. ...
www.stocknessmonster.com/news-item?S=QHL&E=ASX&N=494569

[Popeye82]

BRIC-Länder: Geographie, Handel und Geopolitik - DB Research - Jun 14, 2010

- Die Geographie spielt eine wichtige Rolle. Zwar ist sie nicht allein bestimmend, doch beeinflusst sie die Verteilung von Reichtum innerhalb eines Landes, die Handelsbeziehungen sowie die politischen Beziehungen der Staaten untereinander. Zudem wirken sich geographische Faktoren auf die geopolitische Interaktion unter den BRIC-Ländern aus. Vor dem Hintergrund des Erstarkens der BRIC-Länder und, im Falle Chinas und Indiens, des Bestrebens, den Zugang zu Rohstoffen sowie Verkehrswege zu sichern, wird sich der geo-strategische Wettbewerb zwischen den teilweise aneinander grenzenden BRIC-Ländern China, Indien und Russland verschärfen. Brasilien hingegen ist hiervon dank seiner relativ isolierten geographischen Lage nicht betroffen... -
www.dbresearch.de/MAIL/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Africa Oil Signs Agreement to Acquire South Omo Block in Ethiopia - Jun 17, 2010
www.marketwire.com/press-release/Africa-Oil-Signs-Agreement-…

[Popeye82]

Functional Technologies Appoints Beverage Supply Group to Distribute Hydrogen Sulfide-Reducing Yeast Strains - Jun 17, 2010
www.marketwire.com/press-release/Functional-Technologies-App…

[Popeye82]

Western Plains Resources - Sale of iron ore from Peculiar Knob - Jun 7, 2010
www.stocknessmonster.com/news-item?S=WPG&E=ASX&N=594934

[Popeye82]

Syngas - Victorian JV 289 Million Tonnes JORC Coal Resources - Jun 16, 2010

+ Work program post the Resolve Geo Pty Ltd joint venture announced in September 2009 establishes inferred JORC coal resources totalling 289 million tonnes within EL 5210 in Victoria

- 30 historical coal boreholes collated,
- Further 59 water bore holes reviewed,
- Two seams ranging from 8 to 17 metres each thickness identified,

+ Coal intersections commencing at depths of 11 metres to 156 metres below surface.

+ Coal quality of 8.5 MJ/kg gross wet calorific value (estimated), comparable to producing LaTrobe Valley Mines. Syngas continues to progress the Clinton Project Bankable Feasibility Study, with UOP and Rentech preliminary engineering completed and under review.

+ Syngas’ total JORC coal (lignite) resource base now at 847 million tonnes (32% indicated and 68% inferred) with further potential. ...
www.stocknessmonster.com/news-item?S=SYS&E=ASX&N=494396

[Popeye82]

MetroCoal - 500% Increase in Coal Resource to 292Mt - Jun 21, 2010

Highlights

+ Increase in JORC Inferred Resource from 58Mt to 292Mt of thermal coal at the Bundi Project area, Surat Basin

+ 292Mt Inferred Resource contained within 60km2 and strong potential to increase the Inferred Resource area to the south and west

+ Average thickness of the Macalister Upper seam in resource area is 3.31m

+ Raw coal quality confirms potential for an export thermal coal

+ Ongoing drilling is expected to further increase the Inferred Resource in the Bundi Project area ...
www.stocknessmonster.com/news-item?S=MTE&E=ASX&N=221451

[Popeye82]

Precious Metal Stock Review - Jun 20, 2010
www.preciousmetalstockreview.com/downloads/June%2019,%202010…df

[Popeye82]

The rising impact of Asia on the global economy - DB Research - Jun10
www.dbresearch.com/MAIL/DBR_INTERNET_EN-PROD/PROD00000000002…

[Popeye82]

Chemaphor Launches Into Stem Cell Therapy Market in Canada Through Acquisition - Jun 21, 2010
www.marketwire.com/press-release/Chemaphor-Launches-Into-Ste…

[Popeye82]

Wachstumsperspektiven im Strukturwandel: Neue Branchencluster entstehen - DB Research - Jun 21, 2010

- Bei der klassischen Darstellung des Strukturwandels anhand der drei Wirtschaftssektoren gehen wichtige Details verloren. Daher teilen wir die Wirtschaft mittels einer multivariaten Clusteranalyse anhand von Strukturmerkmalen von Branchen in aussagekräftige Abschnitte ein. Grundlage für die Neueinteilung sind wichtige Bestimmungsfaktoren der Wachstumstheorie und des Strukturwandels, nämlich u.a. die Kapital-, Outsourcing- und Wissensintensität der Wirtschaftszweige. Aufgrund vergleichbarer Strukturmerkmale folgen die identifizierten Branchencluster ähnlichen Wachstumstrends. Wir können so Aussagen zum künftigen Strukturwandel und zu den Aussichten der einzelnen Cluster treffen. Nach unseren Ergebnissen ist der Ausblick vor allem für ein forschungs- und wissensintensives Industriecluster und ein Cluster bestehend aus den unternehmensnahen Dienstleistungen, dem Finanzwesen und den Versorgen günstig. ...-
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Hathor Exploration Limited: Summer Exploration Planned at Henday to Follow Up Alteration and Mineralization Outlined during the 2010 Winter Drill Program - Jun 21, 2010
www.marketwire.com/press-release/Hathor-Exploration-Limited-…

[Popeye82]

Rusal and BHPB engage in West Africa; UC Rusal has reached a series of agreements with the government of the Republic of Guinea in West Africa - MJ - Jun 18, 2010
www.mining-journal.com/production-and-markets/rusal-and-bhpb…

[Popeye82]

European Union adds to metals shortage warnings; The European Commission (EC) has sounded the alarm about a looming shortage of some critical metals. The warning comes just one month after a similar message from the US Government Accountability Office (GAO) - MJ - Jun 18, 2010
www.mining-journal.com/production-and-markets/european-union…ings

[Popeye82]

BHPB, Rio Tinto sign royalties agreement; Mining giants BHP Billiton Ltd and Rio Tinto Group have signed an agreement with the Western Australia government to pay higher royalties on their iron-ore production in the Pilbara region - MJ - Jun 21, 2010
www.mining-journal.com/finance/bhpb,-rio-tinto-sign-royaltie…

[Popeye82]

Fission Energy Corp.: J-Zone High Grade Mineralization Continues to West & Remains Open to the North &South; Vertical Step-Out Hole Intersects 3.50m of 21.58% U308; 4,000m Summer Drill Program to Commence in July - Jun 21, 2010
www.marketwire.com/press-release/Fission-Energy-Corp-J-Zone-…

[Popeye82]

Apella Resources Receives Positive Results From Phase 3 Drilling Program on Iron-T Vanadium-Iron-Titanium Project - Jun 21, 2010
www.marketwire.com/press-release/Apella-Resources-Receives-P…

[Popeye82]

Wavefront Technology Solutions Inc.: Powerwave Breaks Into New Market, Approaches Installed Units Milestone; First use of Powerwave for produced water disposal opens new market opportunity - Jun 21, 2010
www.marketwire.com/press-release/Wavefront-Technology-Soluti…

[Popeye82]

Strathmore Completes NI 43-101 Technical Report for the Marquez Uranium Property, New Mexico - Jun 21, 2010
www.marketwire.com/press-release/Strathmore-Completes-NI-43-…

[Popeye82]

BP provides update on Gulf of Mexico Oil Spill - OR - 6/21/2010
www.ocean-resources.com/industry-news.asp?newsid=8888

[Popeye82]

Synodon Builds Second realSens(TM) Instrument - Jun 21, 2010
www.marketwire.com/press-release/Synodon-Builds-Second-realS…

[Popeye82]

Prosecutor to probe Lundin Petroleum's alleged link to Sudan war crimes; Sweden's international prosecutor said Monday he would investigate whether a Swedish oil company with connections to Foreign Minister Carl Bildt had any role in war crimes committed in Sudan - EP/NW - Jun 22, 2010
www.energy-pedia.com/article.aspx?articleid=140903&editionid…

[Popeye82]

US: Reliance to pay $1.35 bln for a stake in Pioneer's Eagle Ford Shale operations; India's Reliance Industries, building its presence in the U.S. shale gas industry, is close to announcing a deal to pay $1.35 billion for a stake in a joint venture controlled by Pioneer Natural Resources - EP - Jun 22, 2010
www.energy-pedia.com/article.aspx?articleid=140904&editionid…

"India's Reliance Industries, building its presence in the U.S. shale gas industry, is close to announcing a deal to pay $1.35 billion for a stake in a joint venture controlled by Pioneer Natural Resources, according to the Financial Times.


Pioneer has about 310,000 acres of shale gas acreage in the Eagle Ford region in South Texas. Pioneer said last month it was pursuing a joint venture to accelerate the development of its Eagle Ford Shale operations, with an announcement expected by the end of the second quarter.

Reliance, India's largest listed company, is expected to buy a 45 percent stake in the joint venture. The deal would be the second of its kind in recent months for Reliance, which is controlled by the world's fourth-richest man, Mukesh Ambani. In April, his energy-based conglomerate agreed to pay $1.7 billion to Atlas Energy to form a joint venture and own a 40 percent stake in Atlas' Marcellus Shale operations in the eastern United States.

The newspaper said on its web site that the deal would be announced after the close of business in New York on Tuesday. "

[Popeye82]

Kazakhstan considering $20/tonne oil export duty; Kazakhstan is considering the introduction of a $20 per tonne export duty on crude oil, according to Finance Minister Bolat Zhamishev - EP/NW - Jun 22, 2010
www.energy-pedia.com/article.aspx?articleid=140902&editionid…

[Popeye82]

Brazil: Petrobras share sale likely to involve oil rights; The Brazilian government's capitalization plan for energy giant Petrobras will likely involve an oil-rights swap, but a production-sharing regime is another alternative, according to Finance Minister Guido Mantega - EP/NW - Jun 22, 2010
www.energy-pedia.com/article.aspx?articleid=140898&editionid…

"The Brazilian government's capitalization plan for energy giant Petrobras will likely involve an oil-rights swap, but a production-sharing regime is another alternative, Finance Minister Guido Mantega said Monday. The oil-rights swap would involve fixing the oil price, which the government is unable to do, Mantega said in Brasilia. This price must be fixed by companies contracted by state-run Petrobras and Brazil's oil regulatory agency ANP, he said.

No decision has been taken on a production-sharing agreement, the minister said. This would involve the Brazilian state granting Petrobras oil-production fields in which a percentage of output would be the company's and the rest would go to the state, he said.


Under an oil-rights swap, the government would grant Petrobras the right to explore and produce up to 5 billion barrels of crude from government-held presalt areas. Petrobras would pay for the oil rights in new shares, with minority shareholders having the option to participate in the offer.

Petrobras Monday announced plans to invest $224 billion over the next five years, to be used primarily to develop Brazil's massive offshore oil reserves in the presalt region. "

[Popeye82]

New Standard Energy - Further Advances for Canning Basin Prospectivity - Jun 22, 2010

Highlights

+ Independent report on unconventional resources by RISC Pty Ltd (RISC) confirms prospectivity of the Goldwyer shale in the Canning Basin

- Potential gas initially in place (GIIP) of 40-480 Tcf in prospective part of Goldwyer shale
- Positive indicative economics of Goldwyer shale gas

+ Buru announces $152.4 million farm-in with Mitsubishi Corporation (Mitsubishi)

- Substantial farm-in over large acreage position in the Canning Basin
- Large component targeted at unconventional hydrocarbons
- Exploration area immediately adjacent to New Standard exploration acreage ...
www.stocknessmonster.com/news-item?S=NSE&E=ASX&N=494970

[Popeye82]

Transit Holdings - confirms magnetite potential of Johnston Range Iron - Jun 22, 2010

Highlights

+ Results of an assessment of the magnetite potential show grades in line with other highly prospective magnetite iron ore projects in Western Australia

+ Work focused on 35km long sequence containing a number of sub-parallel Banded Iron Formations

+ The assessment is an extension of previous work completed on the
exploration of haematite direct shipping ore ...
www.stocknessmonster.com/news-item?S=TRH&E=ASX&N=494999

[Popeye82]

Premium Exploration Enters Into Merger Agreement With Clearwater Mining Corporation - Jun 18, 2010
www.marketwire.com/press-release/Premium-Exploration-Enters-…

[Popeye82]

Tax negotiations fail; Mining executives left Canberra no closer to a middle ground on the RSPT after consultation with the Federal Government this week - MA - Jun 17, 2010
www.miningaustralia.com.au/news/tax-negotiations-fail?utm_so…

[Popeye82]

CSG water disposal controls - MA - Jun 15, 2010

- By Cole Latimer -
www.miningaustralia.com.au/news/csg-water-disposal-controls?…

"Queensland Government has introduced new rules for the treatment of water produced via coal seam gas extraction.

The water that is currently produced during the extraction process has a high salt content; the new water management procedures will require treatment of the water so it can be re-used for agriculture and industrial processes.

Salt removed from the water will also have to be effectively managed.


The coal seam gas industry has a range of different options available from the Government as to what constitutes effective management of the salt and brine, from it being chemically treated or reprocessed to create products such as soda ash through to the less desirable disposal of the brine into a waste facility. "

[Popeye82]

Coalspur Mines - Acquires Strategic new Coal Leases;
Resource Base Increases to over 900Mt - Jun 16, 2010

Highlights:

+ Coalspur has entered into an agreement to acquire new Coal leases which are contiguous to Coalspur’s existing Hinton Coal Project

+ The acquisition will create the potential to develop one of the largest thermal coal mines in North America with 20km of continuous gently dipping strike length with access to an underutilised port and adjacent rail infrastructure

+ Coalspur’s combined Coal Resource will now total over 900 million tonnes of low sulphur, high volatile bituminous, export quality thermal coal with over 810 million tonnes (90%) of the resource in the Measured and Indicated category

+ A significant amount of the combined Coal Resource begins near surface at sub-crop and dips gently at an average of approximately 7° which allows for an attractive low strip ratio with near term mine development

+ Pre-Feasibility Study (“PFS”) to commence shortly to confirm potential for substantial development, mining and operational synergies as well as significant increases in production rates and mine life

+ The new leases are technically advanced and have been subject to a number of feasibility studies and have previously been awarded a Mine Permit

+ The acquisition will be funded from existing cash reserves and a Project Funding Facility provided by the Highland Park Group ...
www.stocknessmonster.com/news-item?S=CPL&E=ASX&N=494406

[Popeye82]

Buru Energy - Buru and Mitsubishi to Jointly Explore Canning Superbasin - Jun 15, 2010
www.stocknessmonster.com/news-item?S=BRU&E=ASX&N=494216

[Popeye82]

US rail company makes bid for Darwin-to-Adelaide rail link; US rail giant Genesee and Wyoming has announced its intentions to acquire the Darwin-to-Adelaide rail link for $334 million- MA - Jun 10, 2010

- by Michael Mills -
www.miningaustralia.com.au/news/us-rail-company-makes-bid-fo…

[Popeye82]

China eyes resource tax; Following in Australia’s footsteps, China is now considering increasing its resources taxes - MA - Jun , 2010

- by Cole Latimer -
www.miningaustralia.com.au/news/china-eyes-resource-tax?utm_…

"Following in Australia’s footsteps, China is now considering increasing its resources taxes.

China has taken steps towards imposing the tax, which the country sees as a way to slow the depletion of resources and the damage to the environment while rebalancing the nation’s economy.

The country previously had little to no tax on resources, with some analysts pointing to taxes as low as .03%.

Now China is beginning to revisit the possibility of taxing the mining industry within the country.


The China Daily, on 26 May, pointed to Australia’s Resources Super Profit Tax as an example of rebalancing the economy stating “A hint to this nation's policymakers: if they are looking for guidelines to the long-awaited tax reform, take a good look at Australia's latest plan to increase worker pension funds with a new tax on resource projects.”

Since then, China has implemented its first resource tax, a rate of 5% on petroleum in Xinjiang.

This tax is being floated as a litmus test for an eventual overall resources tax.

However, the Chinese resources industry has also followed the Australian mining industry in protesting the implementation of this tax.

In Western Australia, Prime Minister Kevin Rudd and Federal Treasurer Wayne Swan faced a rally from over 2000 people calling for an end to the RSPT.

The politicians were in WA to speak to miners one on one in a consultation of possible reforms to the tax, however, mining magnate Andrew Forrest claimed this was merely lip service to the industry.

While Rudd has stated that he is open to more consultation with the industry, the Government believed that a 40% tax was an appropriate levy. "

[Popeye82]

Gindalbie Metals - Karara Loan Facility Agreement Signed - Jun 21, 2010
www.stocknessmonster.com/news-item?S=GBG&E=ASX&N=494881

[Popeye82]

Lithium One Reports Favourable Drill Results from Sal de Vida Brine Project; Two Test Wells Confirm Brine-Bearing Aquifers to 60 Metres Depth - Jun 22, 2010

Highlights

+ Two Test Wells Yield Lithium Values of 706 mg/L and Potassium Values of 0.58%

+ Wells Developed to 60 Metres Depth to Supply Brine for 12-Month Evaporation Tests. Deeper Drill Tests are Pending.

+ Brine-Saturated Sand AND Salt Aquifers Encountered

+ Favourable Brine Chemistry Continues - Low Mg:Li and Sulfate to Lithium Ratios

+ Core Drill Mobilized to Property for Discrete Depth Porosity and Brine Testing ...
www.lithium1.com/news_.php?url=http%3A%2F%2Fcnrp.marketwire.…

[Popeye82]

Showdown in the Red Sea: U.S. Sends 11 Warships to Confront Iran - GR - Jun 21, 2010
www.globalresearch.ca/index.php?context=va&aid=19825

[Popeye82]

Volta Completes Its In-fill and Extension Drilling Program at Its Kiaka Gold Project; Intersects 54.0m at 3.16g/t Gold, Including 19.0m at 5.92g/t Gold; Also 179.25m @ 1.05g/t gold including 13.0m @ 2.68g/t gold - Jun 22, 2010
www.voltaresources.com/s/NewsReleases.asp?ReportID=406174&_T….

[Popeye82]

Klondex Initiates Step-Out and Infill Drilling of High Grade Gold Targets in Nevada - Jun 22, 2010
www.klondexmines.com/s/News.asp?ReportID=406187&_Type=News&_…

[Popeye82]

MONGOLIA – New Oyu Tolgoi plan ;The 2010 update of the Integrated Development Plan (IDP) for the Oyu Tolgoi copper-gold project in Mongolia supports Ivanhoe Mines’ commitment to advance into full construction, with production of copper and gold expected to begin in 2013 - ASIA Miner - Jun10
www.asiaminer.com/magazine/latest/5-mongolia-new-oyu-tolgoi-…

[Popeye82]

MONGOLIA – Fostering development; Rodman & Renshaw LLC, a wholly-owned subsidiary of Rodman & Renshaw Capital Group, has signed a Memorandum of Understanding with the Mineral Resources Authority of Mongolia (MRAM) for the creation of a partnership to aid development of the country's mining sector - ASIA Miner - Jun10
www.asiaminer.com/magazine/latest/7-mongolia-fostering-devel…

[Popeye82]

Alexium International Group - Commissions First RST Reel to Reel Unit - Jun 10, 2010
www.stocknessmonster.com/news-item?S=AJX&E=ASX&N=493851

[Popeye82]

China warns critics prior to G20 summit - CER/FT - Jun 18, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_18/China_w…

"China's government on Thursday warned other G20 economies not to use the upcoming Toronto summit as a soapbox from which to criticize the country's currency policy, the Financial Times reported.

Chinese officials cautioned against "finger-pointing," adding to suspicions that China is not preparing to issue a last-minute announcement regarding its currency prior to the June 26-27 summit despite rising pressure from the US Congress. While surging exports offer an opportunity for currency appreciation, most China-watches expect China to continue to delay on any reform, especially as continued instability in Europe threatens global trade. Qin Gang, a China foreign ministry spokesperson, said, "We believe it would be inappropriate to discuss the renminbi exchange rate issue in the context of the G20 meeting." "

[Popeye82]

CICC predicts severe job losses in 2011 - CER - Jun 18, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_18/CICC_pr…

"China International Capital Corp (CICC) predicted that China will see "severe" employment losses in 2011 as the company's US$586 billion stimulus concludes, reported state media.

In addition, rising wages may make foreign employers more cautious about establishing new facilities in China. The National Development and Reform Commission estimates that 5.6 million new long-term jobs and almost 50 million temporary jobs were created by China's stimulus package, but a new influx of 39 million workers into the workforce could cause a severe labor market oversupply as China's growth slows to 7.5% in 2011. If only 8 million new jobs are created, CICC anticipated unemployment numbers could reach 31 million. "

[Popeye82]

Toyota partially closed by strike - CER/BB - Jun 18, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_18/Toyota_…

"Protesting workers at a Toyota Motor (TM.NYSE, 7203.TYO) factory partially closed down the plant in Tianjin, China, Bloomberg reported.

While the plant remained partially open Thursday and Friday, and Toyota's production in China remains unaffected, Toyota may be forced to follow the lead of its competitor Honda (HMC.NYSE, 7267.TYO), which in May agreed to raise wages 24% to end a worker strike in Guangdong. Further economic development in China's western regions has also discouraged migration and forced an increase in wages in other factories as the supply of workers decreases. More than 20 Chinese provinces and cities have raised wages in 2010. "

[Popeye82]

China may adjust Fannie and Freddie stakes - CER - Jun 18, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_18/China_m…

"The delisting of US-government sponsored mortgage enterprises Fannie Mae and Freddie Mac may lead China to modify its holding of the two companies' mortgage bonds, but is unlikely to lead to a wide-scale selloff, reported state media.

China's holdings in Fannie and Freddie amount to between US$300 billion and US$400 billion, making it the largest holder of the two companies' mortgage bonds. These holdings could be damaged following the Federal Housing Finance Agency's (FHFA) mandate issued Wednesday that instructed Fannie and Freddie to delist common and preferred stock from all exchanges. However, FHFA acting director Edward J. DeMarco stated that the decision to delist in no way reflects the mortgage giants' present or future economic performance. "

[Popeye82]

Chinese shipbuilders double production in first five months - CER - Jun 18, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_18/Chinese…

"Chinese shipbuilders nearly doubled their manufacturing production between January and May of 2010, leading to a 94% annual increase in output to 23.65 million deadweight tons, state media reported.

According to figures from the Ministry of Industry and Information Technology (MIIT), approximately 81% of the vessels were produced for export, with Chinese shipbuilders currently representing 40.4% of the global market by output. Orders in 2010 have already outpaced those in 2009 - 19.64 million deadweight tons of new orders arrived in the first five months, representing a 156% increase over the same period the previous year. "

[Popeye82]

U.S. judge overturns drilling ban - OR/G &M - 6/22/2010
www.ocean-resources.com/industry-news.asp?newsid=8896

"A federal judge in New Orleans on Tuesday blocked a six-month moratorium on new deepwater drilling projects imposed in response to the massive Gulf oil spill.

The White House said the administration would appeal. It had halted approval of any new permits for deepwater drilling and suspended drilling at 33 exploratory wells in the Gulf.


Several companies that ferry people and supplies and provide other services to offshore drilling rigs asked U.S. District Judge Martin Feldman in New Orleans to overturn the moratorium, arguing it was arbitrarily imposed.

Judge Feldman agreed, saying in his ruling that the Interior Department failed to provide adequate reasoning for the moratorium. He said it seemed to assume that because one rig failed, all companies and rigs doing deepwater drilling pose an imminent danger.

“An invalid agency decision to suspend drilling of wells in depths of over 500 feet simply cannot justify the immeasurable effect on the plaintiffs, the local economy, the Gulf region, and the critical present-day aspect of the availability of domestic energy in this country,” Judge Feldman wrote.

The moratorium was imposed after the April 20 explosion on the Deepwater Horizon drilling rig that killed 11 workers and blew out the well that has spewed millions of gallons of oil into the Gulf.

The Interior Department said it imposed the moratorium so it could study the risks of deepwater drilling. But the lawsuit filed by Hornbeck Offshore Services of Covington, La., claimed there was no proof the other operations posed a threat.

The moratorium was declared May 6 and originally was to last only through the month. President Barack Obama announced May 27 that he was extending it for six months.

In Louisiana, Gov. Bobby Jindal and corporate leaders have opposed the moratorium, saying it will result in drilling rigs leaving the Gulf of Mexico for lucrative business in foreign waters. They say the loss of business will cost the area thousands of lucrative jobs, most paying more than $50,000 (U.S.) a year. The state's other major economic sector, tourism, is a largely low-wage industry.

In its response to the lawsuit, the Interior Department said the moratorium is necessary as attempts to stop the leak and clean the Gulf continue and new safety standards are developed.

“A second deepwater blowout could overwhelm the efforts to respond to the current disaster,” the Interior Department said.

The government also challenged contentions the moratorium will lead to long-term economic harm. Although 33 deepwater drilling sites were affected, there are still 3,600 oil and natural gas production platforms in the Gulf, the government said. "

[Popeye82]

Nautilus Minerals Releases Offshore Production System Definition and Cost Study - Jun 23, 2010
www.marketwire.com/press-release/Nautilus-Minerals-Releases-…

[Popeye82]

Marifil Enters Into San Roque Agreement With NovaGold; NovaGold to Spend $9 Million to Earn a 70% Interest - Jun 23, 2010
www.marketwire.com/press-release/Marifil-Enters-Into-San-Roq…

[Popeye82]

BRIC Capital Markets Monitor Chartbook - DB Research - Jun 23, 2010
www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD00000000002…

[Popeye82]

Mindoro Announces Further Nickel Laterite Intersections at Agata - Jun 23, 2010
www.marketwire.com/press-release/Mindoro-Announces-Further-N…

[Popeye82]

Acergy buys Subsea 7 - OR/Reuters - 6/23/2010
www.ocean-resources.com/industry-news.asp?newsid=8900

[Popeye82]

Global Regulatory Tightening Due to BP Incident - OR/AP, LONDON - 6/23/2010
www.ocean-resources.com/industry-news.asp?newsid=8902

"LONDON — Britain has doubled rig inspections. Bulgaria scrapped plans for a new oil pipeline. Chinese and French oil giants are upgrading equipment and procedures designed to prevent spills. As oil continues to gush into the Gulf of Mexico, nations around the globe are taking a cue from this cautionary tale and ratcheting up their oversight of the petroleum industry.

"We must also deal with the possibility of an accident near our shores," EU Commission President Jose Manuel Barroso told the European Parliament in Strasbourg last week. "Drilling techniques have similarities even if the waters are much shallower in the North Sea."

Canada's offshore regulator is tightening oversight of its deepest-ever exploration well, being drilled by Chevron off the coast of Newfoundland. Meanwhile, China's offshore oil company, China National Offshore Oil Corp., or CNOOC, says it is upgrading its blowout preventer system and diving equipment for a drilling rig being built in Shanghai.

And France's Total has formed two task forces to check facilities and strengthen contingency plans for any potential major pollution.

"We all saw what is happening in the Gulf of Mexico," said Bulgaria Prime Minister Boiko Borisov. The government canceled a new pipeline that would have carried Russian oil to Greece following resistance from residents of the Black Sea town of Burgas, where the pipeline was to start.

The Gulf catastrophe also has sparked a debate over the practice of deepwater drilling itself — with some viewing the spill as reason to ban it altogether.

"The very first victims were the fishermen in Louisiana," the mass-circulation JoongAng Sunday newspaper in South Korea, where Transocean Ltd.'s Deepwater Horizon rig was built, said in an editorial. "But no one on earth is free from the impact of this disaster."

The scrutiny reflects growing unease about oil companies seeking to drill farther out to sea and deeper than ever before. The process is expensive, risky and largely uncharted, highlighted by BP's use of untested methods to try to stem the Gulf spill.

The most dramatic response has been in the U.S., which has banned offshore drilling in depths of 500 feet or more until late November. In addition, the regulatory body that oversees deepwater drilling is being overhauled, new permits will likely be tougher to come by and new safety measures are expected to be mandated.

U.S. companies such as ConocoPhillips are reviewing safety measures while awaiting the results of investigations into the causes of the Gulf disaster. Others, including Anadarko Petroleum Corp., which has a 25 percent stake in BP's gushing well, may relocate rigs idled by the U.S. drilling ban to Brazil, which has been quietly pushing ahead with its potentially lucrative deepwater fields in the Atlantic.

Reaction has been more muted in the oil-rich Middle East.

The spill is a "big problem, but it is not crisis," said Shukri Ghanem, the head of Libya's National Oil Corp. who serves as the North African nation's de facto oil minister.

In Iraq, Tariq Shafiq, director of oil consultancy Petrolog and Associates, said oil officials may tighten regulations, but he expects existing contracts to be honored in a country where BP holds a 38 percent stake in the venture to develop the prized 17.8 billion barrel Rumaila oil field.

With most of their oil on land, Middle Eastern states instead see opportunities to strengthen the region's clout if deepwater drilling is restricted, Shafiq says.

European reaction, however, has been vigorous.

As headlines such as "Apocalypse in oil" in Germany's leading Sueddeutsche Zeitung blare out at readers, BP shares have plummeted. They've lost almost half their value since the April 20 rig explosion. Shares of Switzerland's Transocean Ltd. have also plunged.

That's potentially bad news for millions of retirees in Europe as the two companies are major backers of pension funds. Some 18 million people in Britain hold shares in BP, largely through their pensions.

The U.S. political reaction — and the pension issue — has fueled a backlash. President Obama has harshly criticized BP CEO Tony Hayward, and has insisted on referring to BP by its former name, British Petroleum. This has led many, including London Mayor Boris Johnson, to complain about the "anti-British rhetoric" coming from America.

Others suggest the U.S. leader is covering up his own failings in dealing with the disaster.

"The whole might of American wealth and technology is displayed as utterly unable to deal with the disastrous spill — so what is more natural than a crude, bigoted, xenophobic display of partisan political Presidential petulance against a multinational company?" wrote Conservative Party lawmaker Norman Tebbitt on his website. "

[Popeye82]

Russia mulls SA anti-dumping duty - Miningmx/I-Net Bridge - Jun 23, 2010
www.miningmx.com/news/base_metals/Russia-mulls-SA-anti-dumpi…

"miningmx.com] -- Russia has proposed slapping anti-dumping duties on imported nickel-containing steels from China, South Korea, Brazil and South Africa.


The Russian Industry and Trade Ministry announced the move this week after what the South African Iron and Steel Institute (SAISI) described as a long-term investigation.

The proposed tariffs will last five years and while the ministry has not set out a clear timeline for their implementation, it is believed that they may kick in within a month.

China's anti-dumping duty is expected to be 29.9% of the customs duty while South Korean steel producers will have to pay a tariff of 62.8% and Brazilian steel exporters will have to pay 21.1%.

South African stainless steel producers are expected to pay an anti-dumping duty of 33.3%.

South African Iron and Steel Institute's information specialist Abrie Audie said on Wednesday that the Russians had been conducting a long-term investigation into stainless steel dumping.

He said Columbus Stainless, the Middleburg producer that is now part of the Acerinox Group, had been involved in the investigations from the South African side.

According to Steel Orbis, the steel industry's e-marketplace, reported that the Russian ministry had been keeping an eye on steel imports between 2006 and 2008.

During this time, Russia registered a sharp increase (up five times) in imports of stainless steel flat rolled products with nickel content from China, South Korea, Brazil and South Africa.

The share of imports from these countries in 2008 amounted to 49% of total consumption in the Russian domestic market, up from just 9% in 2006.

In addition, import prices on nickel-content flats from the countries in question were lower than local Russian prices.

"There was an ousting of Russian goods from the domestic market. In order to preserve price competition, Russian producers were forced to pursue a policy of price deterrence, which led to a drop in profitability levels and reduced their earnings against a background of growth in production and sales," the Russian ministry said in its statement.

Russian ministry data shows that total imports of nickel-content flats amounted to 58.016 metric tonnes in 2008.

Of that amount, 24.477 tonnes came from China, 10.018 million tonnes from mainland China and 4.880 tonnes from South Korea.

Brazil's imports totalled 3.836 tonnes during that year, while imports from South Africa reached 15.220 tonnes. "

[Popeye82]

U.S. New Home Sales Drop by Record 33%; Sales of new single-family homes in the United States tumbled more than expected to a record low in May as the effects of a popular tax credit faded, according to a government report on Wednesday that added to worries of a slowing economic recovery - NYT - Jun 23, 2010

- Christine Hauser -
www.nytimes.com/2010/06/24/business/economy/24home.html?ref=…

[Popeye82]

FDIC Fund's Woes Deepen; Call your florist. The federal deposit insurance fund isn't coming home from the hospital any time soon, thanks to a sickly economy and the unstinting generosity of our leaders in Congress - CNNM - Jun 23, 2010

- Colin Barr -
http://wallstreet.blogs.fortune.cnn.com/2010/06/23/fdic-fund…

[Popeye82]

Volcker Rule Attacked as Lawmakers Seek Fund Loophole; Senate negotiators will probably offer changes today to the financial overhaul bill to soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients - BB - Jun 23, 2010

- By Yalman Onaran -
www.bloomberg.com/news/2010-06-23/volcker-rule-under-attack-…

[Popeye82]

Soros Says Germany to Cause Euro Collapse; Germany's budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday - Reuters - Jun 23, 2010

- By Paul Carrel &Stephen Brown -
www.reuters.com/article/idUSTRE65M1C920100623

[Popeye82]

Judge Overturns Drilling Ban; A federal judge Tuesday overturned the Obama administration's six-month moratorium on new deepwater oil and gas drilling, delivering a temporary victory to the oil industry and a rebuke to the White House - WSJ - Jun 23, 2010

- Stephen Power -
http://online.wsj.com/article/SB1000142405274870485340457532…

[Popeye82]

Renewable Energy Can Help Reduce Oil Dependency; In a speech to the Economic Club of Kansas City today, NREL Director Dan Arvizu takes a realistic look at how renewable energy can help reduce America's dependence on oil, pointing out that the country gets as much energy from renewable sources now as it does from offshore oil production - NREL - Jun 23, 2010

- Dr. Dan Arvizu -
www.nrel.gov/director/pdfs/energy_overview_06_10.pdf
www.youtube.com/watch?v=40VAfzzfu8o

[Popeye82]

Colossus Minerals Discovers Two New Mineralised Zones and Drills 50.85 Metres at 20.36 g/t Gold, 3.44 g/t Platinum and 4.94 g/t Palladium - Jun 24, 2010
www.marketwire.com/press-release/Colossus-Minerals-Discovers…

[Popeye82]

Kivalliq Reports Widest and Highest Grade Intercept to Date from Lac Cinquante - Jun 24, 2010
www.marketwire.com/press-release/Kivalliq-Reports-Widest-and…

[Popeye82]

Antwort auf Beitrag Nr.: 32.972.234 von Popeye82 am 07.01.08 20:38:21

SEC warns of oil spill cleanup scams - SH - Jun 24, 2010
www.stockhouse.com/Community-News/2010/Jun/24/SEC-warns-of-o…

[Popeye82]

Riversdale Mining - Zambeze Coal Resource - May 31, 2010

+ Upgrade of Coal Resource for EPL946L(Zambeze Project - 100% RIV) to 9.0 billion tonnes

+ Total Coal Resources include 6,680 million tonnes Inferred Resources and 2,365 million tonnes Indicated Resources

+ Products comprise hard coking coal and thermal coal

+ Total Coal Resources managed by Riversdale in Mozambique now amount to 13 billion tonnes ...
www.stocknessmonster.com/news-item?S=RIV&E=ASX&N=492807

[Popeye82]

[NCR] Substantial resource increase - Australianinvestor - 24-Jun-2010
www.australianinvestor.com.au/news.asp?id=38394
www.stocknessmonster.com/news-item?S=NCR&E=ASX&N=495285

"NuCoal Resources NL has reported on progress from the current drilling program at the 100%-owned Doyles Creek coal project, announcing a substantial increase in its JORC Inferred Resource from 247Mt to 420Mt.

Targeted and globally marketed Hunter Valley coal seams – Whybrow, Redbank Creek, Whynot and Woodlands Hill provide opportunity for multi seam longwall mining within the 100%-owned project.

Ongoing drilling continues, with results expected to be available by December, to upgrade a portion of the resource to Indicated resource status and further increase the Inferred Resource, with 2010, by providing additional data on the Whynot Seam; and including Seam 1 and Abbey Green seams not included in the current Resource Statement.

Extensive work has been conducted by Independent Technical Experts, Palaris Mining to locate old borehole data to supplement the recent exploration data and therefore extend the geological database – 21 boreholes now used compared to 5 boreholes in the previous JORC resource report.

Potential Mine and Training Facility life has also been considerably extended. "

[Popeye82]

Senomyx Signs Letter Agreement with PepsiCo Regarding Potential Collobaration related to the Discovery, Development, and Commercialisation of new Sweet Flavor Ingredients - Jun 24, 2010
http://phx.corporate-ir.net/phoenix.zhtml?c=127189&p=irol-ne…

[Popeye82]

Mining Tax could cost Australian Prime Minister, Kevin Rudd, his Job - US/BB - Jun 23, 2010
www.uranium-stocks.net/mining-tax-could-cost-australian-prim…

[Popeye82]

Australia has new PM, reviews mine tax; Australia appoints its first woman prime minister, Julia Gillard, who vows to end division over a controversial mining tax, resurrect a carbon trade scheme and call elections within months -Miningmx/BB - Jun 24, 2010
www.miningmx.com/news/markets/australia-has-new-PM-reviews-m…

[Popeye82]

Americas Petrogas Inc.: Bayovar Concession Milestones - Jun 24, 2010
www.marketwire.com/press-release/Americas-Petrogas-Inc-Bayov…

[Popeye82]

Miners rally on PM change; Investors have reacted warmly to Kevin Rudd’s dumping as Prime Minister, with Australian mining stocks rallying Thursday morning - Egoli - Jun 24, 2010

- Ben Larsen -
www.egoli.com.au/news/post/Miners-rally-on-PM-change.aspx

[Popeye82]

Q&A: Buzz Aldrin; Apollo astronaut says: forget the moon, let's colonize Mars - TR - Jul10

- by Britanny Sauser -
www.technologyreview.com/computing/25572/?nlid=3166&a=f

[Popeye82]

Inexpensive, Unbreakable Displays; Researchers at HP are scaling up a process for Making silicon electronics on rolls of plastic - TR - Jul10

- by Katherine Bourzac -
www.technologyreview.com/computing/25561/?nlid=3166&a=f

[Popeye82]

Soap operas to the rescue of biodiversity - CGIAR, SINGAPORE - Jun 25, 2010
www.cgiar.org/newsroom/releases/news.asp?idnews=1071

[Popeye82]

Encana and China National Petroleum Corporation look to jointly develop Canadian unconventional natural gas - OR, OTTAWA - 6/25/2010
www.ocean-resources.com/industry-news.asp?newsid=8909

[Popeye82]

Global Petroleum Survey ´10 - FI - Jun 24, 2010

- Gerry Angevine &Miguel Cervantes -

- Executive Summary
This report presents the results of the Fraser Institute’s 4th annual survey of petroleum industry executives and managers regarding barriers to investment in oil and gas exploration and production in various jurisdictions around the world. The survey responses have been tallied to rank provinces, states, and countries by the severity of investment barriers such as high tax rates, costly regulatory schemes, and security threats, among other factors.

A total of 645 respondents completed the survey questionnaire this year, providing sufficient data to evaluate 133 jurisdictions. This compares with 143 jurisdictions in 2009. In the 2008 and 2007 surveys, 81 and 54 jurisdictions were evaluated, respectively.

The jurisdictions have been assigned scores for each of 17 factors that affect investment decisions. The scores are based on the proportion of negative responses a jurisdiction received; the greater the proportion of negative responses, the greater the perceived investment barriers and, therefore, the lower the jurisdiction’s ranking.

The All-Inclusive Composite Index, derived from the scores on all 17 factors, provides a comprehensive assessment of the extent of investment barriers in each jurisdiction. On this basis, the 10 least attractive jurisdictions for investment are Bolivia, Venezuela, Russia, Ukraine, Iran, Turkmenistan, Ecuador, Nigeria, Iraq, and Kazakhstan. Six of these countries, Bolivia, Venezuela, Russia, Ecuador, Nigeria, and Kazakhstan, were also among the 10 least desirable jurisdictions for investment identified in the 2009 survey. ...-
www.fraserinstitute.org/commerce.web/product_files/global-pe…

[Popeye82]

Jobless Bill Dies Amid Deficit Fears; Spooked by concern about deficits, the Senate shelved a spending bill that included an extension of unemployment benefits, suddenly cutting off a federal cash spigot opened by President Barack Obama when he took office 18 months ago - WSJ - Jun 25, 2010

- By Greg Hitt &Sara Murray -
http://online.wsj.com/article/SB1000142405274870422730457532…

[Popeye82]

States of Crisis for 46 Governments Facing Greek-Style Deficits; Californians don't see much evidence that the worst economic contraction since the Great Depression is coming to an end - BB - Jun 25, 2010

- Edward Robinson -
www.bloomberg.com/news/2010-06-25/states-of-crisis-widen-as-…

[Popeye82]

Congress Reaches Deal on Financial Reform Bill; Nearly two years after the American financial system teetered on the verge of collapse, Congressional negotiators reached agreement early Friday morning to reconcile competing versions of the biggest overhaul of financial regulations since the Great Depression - NYT, WASHINGTON - Jun 25, 2010

- By Edward Wyatt -
www.nytimes.com/2010/06/26/us/politics/26regulate.html?ref=g…

"WASHINGTON — An overhaul of the nation’s financial regulatory system, reached after an all-night Congressional horse-trading session, will vastly expand the authority of the federal government over Wall Street in a bid to curb the free-wheeling culture that led to the near collapse of the world economy in 2008.

The deal between House and Senate negotiators, sealed just before sunrise on Friday, imposes new rules on some of the riskiest business practices and exotic investment instruments. It also levies hefty fees on the financial services industry, essentially forcing big banks and hedge funds to pay the projected $20 billion, five-year cost of the new oversight that they will face. And it empowers regulators to liquidate failing financial companies, fundamentally altering the balance between government and industry.

But after weeks of intense lobbying and months of debate, Congress in the end stopped short of prohibiting some of the practices that led to the crisis two years ago, betting instead that a newly empowered regulatory regime can rein in the big financial players without shackling the markets and drying up the flow of credit to businesses.


“We are poised to pass the toughest financial reform since the ones we created in the aftermath of the Great Depression,” President Obama said on the South Lawn of the White House, before leaving for the Group of 20 meeting in Toronto, where he was expected to press other nations to tighten their financial rules.

Democrats predicted that the full Congress would approve the legislation next week and that they would meet their goal of sending the bill to Mr. Obama for his signature by the Fourth of July.

The financial industry won some important victories, even if they face significantly heightened regulation. They fought off some of the toughest restrictions on their ability to invest their own funds. Most significantly, they thwarted an attempt to make them give up their highly profitable derivatives trading desks. And big lobbying fights remain in the future, when regulators begin the nitty-gritty task of turning complex, sometimes vague laws into real-world rules for these businesses to follow.

Industry analysts predicted that banks would most likely adapt easily to the new regulatory framework and thrive. As a result, bank stocks were mostly higher Friday, prompting some skeptics to question if the legislation, in fact, would be tough enough to rein in the industry and prevent future shocks to the economy as a result of bad gambling.

Even architects of the bill acknowledged that it might take the next financial crisis to truly determine the effectiveness of the changes.

On Friday morning, after a 20-hour final negotiating session, lawmakers, Congressional aides, lobbyists and the banking industry were still sorting through the legislative rubble of a frantic night of deal-making, edits and adjustments that left even some of those who worked most closely on the bill confused about exactly how some of the final details turned out. At points in the debates, lawmakers seemed to have trouble following their own deliberations.

“Can somebody explain to me what’s in Tier 1 capital?” Representative Melvin L. Watt, Democrat of North Carolina, pleaded, referring to the core measure of a bank’s financial strength. “I just don’t have enough knowledge in this area.”

The White House’s desire to get a bill before the Fourth of July break drove the day. At 11 p.m. Thursday, Representative Barney Frank, Democrat of Massachusetts and chairman of the Financial Services Committee who presided over the conference proceedings, began to show signs of impatience. When the senior Republican on the committee, Representative Spencer Bachus of Alabama, asked for another minute to finish a statement, Mr. Frank cut him off. “I would object to that,” he snapped. “Not at 11 o’clock at night.”

As midnight turned to early morning, lawmakers cast rapid-fire votes on amendments hastily scrawled in the margins of rejected proposals. With C-Span carrying the proceedings live, the last half-hour of the session featured sometimes confused lawmakers repeatedly asking about what happened to various proposed amendments.

While the televised proceedings at times provided a remarkable window into the minutiae of legislating, many of the deals to complete the bill were cut outside the conference room, in private discussions between Democratic lawmakers and the Obama administration, with some of Washington’s most influential lobbyists trying to weigh in as best they could.

One major bank on Friday scrambled to figure out what happened to six words that to its surprise and dismay were apparently cut from an amendment on proprietary trading, potentially posing a threat to its business.

The final bill vastly expands the regulatory powers of the Federal Reserve and establishes a systemic risk council of high-ranking officials, led by the Treasury secretary, to detect potential threats to the overall financial system. It creates a new consumer financial protection bureau, and widens the purview of the Securities and Exchange Commission to broaden regulation of hedge funds and credit rating agencies.

The measure restricts the ability of banks to invest and trade for their own accounts — a provision known as the Volcker Rule, for its chief proponent, Paul A. Volcker, the former Federal Reserve chairman — and creates a tight new regulatory framework for derivatives, the complex financial instruments that were at the heart of the 2008 crisis.

But in a late-hour compromise, the bill does not include the tough restrictions on derivatives trading championed by Senator Blanche L. Lincoln, Democrat of Arkansas, which would have forced banks to jettison their most lucrative dealings in this area.

Instead, in a deal negotiated between Mrs. Lincoln and a bloc of House members called the New Democrat Coalition, banks will be required to segregate their dealings only in the riskiest categories of derivatives, including the highly structured products like credit-default swaps based on bundles of mortgage loans, and in certain types of derivatives that are based on commodities that banks are already prohibited from investing in, like precious metals, agricultural products and energy.

But derivatives that have clear business purposes like helping manufacturing companies to hedge against the cost of raw materials or swings in foreign exchange rates would continue to be allowed. And nonfinancial corporations would be allowed to set up their own financial affiliates to create and trade derivatives related to their businesses.

The derivatives deal also headed off a last-minute rebellion by some New York lawmakers concerned about the effect of Mrs. Lincoln’s proposal on Wall Street businesses.

“We wanted to make sure we didn’t drive all the derivative business out of New York,” said Representative Gregory W. Meeks, a Democrat from Queens, who served on the conference committee.

The bill also does not include some of the more draconian proposals debated in recent months, including re-establishing a firewall between commercial and investment banking. And the nation’s auto dealers won exemption from oversight by the new consumer protection bureau, which will regulate most consumer lending.

Some business groups angrily denounced the final product, saying it was ill-conceived and would have unintended consequences harmful to the economy.

“Far from effective reform, this legislation includes provisions totally unrelated to the financial crisis which may disrupt America’s fragile economic recovery and increase instability and risk,” said John J. Castellani, president of the Business Roundtable, which represents chief executives of top American companies.

The conference report approved Friday is subject to approval by both chambers of Congress, a process that is expected to begin on Tuesday with action by the House and then by the Senate — where 60 votes will be required to end debate.

The vote in the conference committee was on party lines, with Democrats in favor and Republicans opposed. House conferees voted 20 to 11 to approve the bill and Senate conferees voted 7 to 5.

Republicans repeatedly complained that the bill would do nothing to tighten regulation of the government-sponsored mortgage companies, Fannie Mae and Freddie Mac, which were at the heart of much of the housing crisis.

Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the banking committee who with Mr. Frank led the negotiations, said the bill would prevent the corporate bailouts required in 2008 and allow the United States to become a global leader in financial regulation, potentially providing decades of stability.

“Never again will we face the kind of bailout situation as we did in the fall of 2008 where a $700 billion check will have to be written,” Mr. Dodd said in an interview. But he acknowledged that the effectiveness of the legislation would be learned only over time.

“I don’t have the kind of ego that would tell you we have absolutely solved these problems,” he said. “We won’t know until we face the next economic crisis.”

Republicans, however, warned that the bill would extend the reach of government too far.

At one point during debate over whether banks should be allowed to trade for their own profit, Representative Jeb Hensarling, Republican of Texas, asked what the issue had to do with the financial crisis. “How much riskier is proprietary trading than investment in certain forms of residential real estate?” Mr. Hensarling asked.

“If we’re not going to bail them out with taxpayer money, what they do with their money is their business.”

He said, adding: “This is one more occasion where we see something in the bill that did not have a causal role in the crisis.”

While regulatory bills often get watered down as they grind through the legislative process and interest groups and industry press for changes, the financial bill mostly gained strength as the debate lengthened and lawmakers seized on public frustration that rich financial institutions, recently bailed out by taxpayers, showed no signs of curtailing their risky practices or their outsize pay packages. "

[Popeye82]

Joint Venture: Celesio und Medco bündeln ihre Kräfte - Financial.de - Jun 21, 2010
www.financial.de/news/top-stories/joint-venture-celesio-und-…

[Popeye82]

View from the White House on Energy Innovation - CTB - May 30, 2010

- by Richard T. Stuebi -
www.cleantechblog.com/2010/05/view-from-white-house-on-energ…

[Popeye82]

Carbon Market News - Jun 25, 2010
www.pointcarbon.com

"Today's headlines

*World Bank appoints climate envoy
*Carbon lifts on late oil rally
*Poland asks EU for 60m EUA giveaway
*ETS needs several auctioning platforms: Germany
*DOE capacity could slow CDM progress
*EU ETS needs regulator to provide liquidity: Barclays
*UK not tempted into AAU sales
*Kyushu Electric Power uses 1.7m carbon credits
*Further meth revisions threaten CER supply
*World Bank lends $100m to China "

[Popeye82]

Halving Hunger; Meeting the First Millennium Development Goal through "Business as Unusual" - IFPRI, WASHINGTON - Jun10

- by Shenggen Fan -
www.ifpri.org/sites/default/files/publications/pr22.pdf
www.ifpri.org/publication/halving-hunger

[Popeye82]

Aflasafe™: a win-win formula for farmers and investors; Biological control of aflatoxins using aflasafe™ not only has rekindled hopes of a brighter future for African farmers battling crop contamination but also opened doors for the private sector looking to invest on a winning formula in the agricultural sector - IITA - Jun 22, 2010
www.cgiar.org/newsroom/releases/news.asp?idnews=1070

[Popeye82]

CBM Asia Announces Coalbed Methane Joint Acquisition Agreement in Kutai Basin - Jun 23, 2010
www.marketwire.com/press-release/CBM-Asia-Announces-Coalbed-…

[Popeye82]

Beijing expands cross-border RMB settlement program - CER/SCMP - Jun 23, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_23/Beijing…

"Beijing will expand a program allowing provinces to use renminbi in cross-border trade from two provinces to 20, the South China Morning Post reported.

The People's Bank of China, and the finance and commerce ministries said that a pilot program for using renminbi in cross-border trade had been "smooth, in good order, convenient, and popular among enterprises and banks" in Shanghai and four cities in Guangdong province where it had been introduced. The expansion of the program is part of Beijing's efforts to encourage the international use of the currency. To date, the program has only applied to trade with Hong Kong, Macau and members of the Association of Southeast Asian nations (ASEAN), but the new regulation will permit the use of renminbi in transactions between approved provinces and any country. "

[Popeye82]

China ends export tax rebates on steel, other commodities - June 23, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_23/China_e…

"China will remove rebates on export taxes for certain commodities, including steel exports and fertilizers, the Financial Times reported.

The end of rebates follows the imposition of duties by the US Department of Commerce on imports of Chinese-made steel drill pipe after it ruled that Chinese steel producers enjoy unfair subsidies. Exports of Chinese steel products rose 127% year-on-year in the period from January to May. Analysts said that the end of subsidies could hurt domestic steel makers, particularly following Beijing's decision to remove the renminbi's US dollar peg. Tighter margins could favor large producers and accelerate consolidation of the steel sector, a major goal for the Chinese government. "

[Popeye82]

New home prices up 0.81% m/m in May - CER - Jun 23, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_23/New_hom…

"Commercial home prices in 36 major Chinese cities rose 0.81% in May from the month before, state media reported. The National Development and Reform Commission said average prices rose to US$1,247 per square meter. The National Bureau of Statistics released data earlier in June that showed home prices in 70 cities grew an average of 12.4% in May, the second-highest growth rate on record. Beijing has attempted to institute policies to rein in price growth, but is wary of excessive tightening. Measures so far have concentrated on reducing speculation at the top end of the market. "

[Popeye82]

Sino-Forest ups stake in Omnicorp to boost hardwood supply - CER/Reuters - Jun 23, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_23/Sino-Fo…

"Toronto-listed Sino-Forest (TRE.TO) said it would buy 230 million shares of Hong Kong's Omnicorp (0094.HK) to meet rising demand for wood in China, Reuters reported. Sino-Forest will spend US$53.8 million for the shares, which will give it a 53.7% stake in Omnicorp. Sino-Forest said it hoped through the deal to increase exports to China from Suriname, where Omnicorp and Sino-Forest have a joint venture in a forest concession operator. Sino-Forest Chief Executive Allen Chan said the deal would help the company to meet China's "increasing wood deficit" by strengthening its supply of sustainable hardwood fiber. "

[Popeye82]

Precious Metal Stock Review - Jun 26, 2010
www.preciousmetalstockreview.com/downloads/June%2026,%202010…

[Popeye82]

Elektroindustrie nutzt Exportchancen in Schwellenländern - DB Research - Jun 25, 2010

- Nach der tiefen Rezession 2009 wird der Export für die Elektroindustrie bei der Rückkehr zum Wachstum eine wichtige Rolle spielen. Die Ausfuhren haben das Vorkrisenniveau bereits wieder annähernd erreicht. Besonders die Nachfrage asiatischer Schwellenländer begünstigt momentan die Erholung – und auch langfristig spricht einiges für die Bedeutung von Schwellenländern für den Export... -
www.dbresearch.de/MAIL/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

"Mutige Thesen
- Dr. Bernd Niquet -

Der Wissenschaftler besitzt im Gegensatz zum Politiker die
Freiheit, das auszusprechen, was er fuer wahr erachtet.
Wuerde das, was Gunnar Heinsohn in der abgelaufenen Woche von
sich gegeben hat, von einem bekannten Politiker stammen, so
haetten wir jetzt einen handfesten Skandal und koennten das
Ende einer politischen Karriere gleichsam live beobachten.
Doch so versickert das Gesagte wie ein Wassertropfen im
knochentrockenen Boden. Auch das ist eben das Schicksal der
Wissenschaft.

Gunnar Heinsohn und Otto Steiger haben ein alternatives Wirt-
schaftsparadigma entwickelt, in deren Spannkreis ich das
Glueck besass, akademisch aufzuwachsen. Otto Steiger ist 2008
gestorben und gerade erscheint dazu ein Gedenkband, fuer
den ich auch einen Aufsatz verfassen durfte. (Ehrig, D.,
Staroske, U. (Herausgeber), Eigentum und Recht und Freiheit,
Metropolis Verlag, Marburg 2010.) Seitdem macht Gunnar
Heinsohn mit hauptsaechlich bevoelkerungsoekonomischen
Ansaetzen alleine weiter. Und auch hier vertritt er eine
Sichtweise, die eine voellig andere Perspektive bietet als
die Dinge gemeinhin gesehen werden.

Unter dem Titel "Deutschland verschlaeft den Kampf um die
Talente" fuehrte Heinsohn das in der FAZ vom 24. Juni exem-
plarisch aus: "Eine Billion Euro Schulden" habe die Bundesre-
publik bisher fuer Migranten angehaeuft, errechnet er da,
"die mehr aus den Hilfesystemen entnehmen, als sie aufgrund
schlechter Schulleistungen und anderer Handicaps in sie ein-
zahlen koennen. Auf jeden der 25 Millionen voll erwerbstaeti-
ger Nettosteuerzahler fallen durch diese historisch einmalige
Aufgabe 40.000 Euro Schulden."

Das ist wirklich starker Tobak, doch man darf nicht in die
Falle des Rassismus oder sonstiger Ressentiments tappen.
Heinsohn ist knallharter Oekonom, der messerscharf sieht,
dass schrumpfende Gesellschaften wie diejenige der Bundes-
republik zwangsweise auf Einwanderung angewiesen sind. Doch
waehrend andere Laender wie die USA, Kanada und Australien
fast nur noch Einwanderer mit bester Ausbildung ins Land
lassen, gilt fuer die Bundesrepublik:

"Nirgendwo liegen Migrantenkinder tiefer unter dem einheimi-
schen Leistungsniveau als in Deutschland. Das liegt nicht an
ihrer Fremdheit und Andersprachigkeit, sondern an den
schlechten Noten ihrer Eltern bereits in der Heimat. Es geht
also gar nicht um "Auslaenderprobleme"."

Doch nicht nur die Einwanderungspolitik verantwortet heftige
Schieflagen, das Grundproblem stellt sich in Deutschland
folgendermassen dar: "Von hundert Nachwuchskraeften, die das
Land benoetigt, werden fuenfunddreissig nie geboren, wandern
zehn aus und schaffen fuenfzehn keine Berufsausbildung." Es
bleiben also nur vierzig uebrig. Und das sind zu wenige. Am
heftigsten schmerzen die 160.000 Auswanderer pro Jahr, denn
nicht nur, dass sie den finanziellen Gegenwert ihrer Ausbil-
dung mitnehmen: "Zusaetzlich hinterlassen diese 160.000
Nettosteuerzahler etwa 40 Milliarden Euro offizielle Staats-
schulden. Nur private Schulden emigrieren mit, waehrend die
Verpflichtungen als Passinhaber an die Zurueckgebliebenen
sowie an Einwanderer gehen."

So hat man die Oekonomie selten betrachtet gesehen: Die gut
ausgebildeten Auswanderer entledigen sich ihrer Schulden zur
Rueckzahlung der Staatsschuld, wohingegen die sie ersetzenden
Einwanderer meistens gar nicht die Faehigkeit zur Schuldenbe-
dienung besitzen, von einer Rueckzahlung ganz zu schweigen.
Die Schere wird mithin immer enger, immer weniger muessen
immer mehr Schulden stemmen. Und irgendwann sind die Schnei-
den nicht mehr zu halten, dann wird es "schnapp" machen. "

[Popeye82]

Wall Street Players Lobbying to Dilute Derivatives Transparency; Wall Street firms hate the idea of a clearinghouse for derivatives trades because their prodigious profits will dwindle when derivatives are traded in the light of day, letting their counterparties see the true costs - CNNM - Jun 24, 2010

- Michael Masters -
http://money.cnn.com/2010/06/23/news/economy/congress_deriva…

"As Congress debates the final language for reforming Wall Street, a behind-the-scenes battle is raging over the arcane details of derivatives regulation.

Currently, derivatives trade in an opaque, completely unregulated $600 trillion "dark market." The risk that this presents to the U.S. economy is incalculable, and the new legislation rightly seeks to create transparency by forcing most derivatives transactions to clear through a central counterparty, or clearing house.

The clearing house would stand in the middle of the transaction and guarantee both sides of the trade. If one counterparty to the transaction fails, then the central counterparty absorbs those losses, protecting the system as a whole from collapse. A similar system has worked very well for over 100 years in the exchange- traded futures markets.

Wall Street firms hate this idea because their prodigious profits will dwindle when derivatives are traded in the light of day, letting their counterparties see the true costs.

So Wall Street is pushing hard to exempt as many transactions as possible.

The Senate version of the clearing house requirement, which is currently the base text for the bill, includes a narrow, well-defined exemption that allows commercial end-users a complete exemption from clearing, while denying this exemption to financial players.

The House language, however, would exempt anyone hedging "balance sheet risk." Since every financial player has a balance sheet, it is estimated that more than 50% of the outstanding derivatives would go uncleared under the House plan, compared to just 10% under the Senate version.

The Senate language is superior to the House's simply because it forces far more derivatives into the open.

But there also is a critical policy distinction that must be made between commercial end-users like airlines, and financial entities like hedge funds. For a commercial end-user, risk arises naturally out of the ordinary conduct of business. For a financial entity, pricing and managing risk is their core business.

As an example, an airline cannot fly without incurring the risk of wildly gyrating jet fuel prices. Allowing them to hedge their jet fuel exposure without a clearing requirement would provide stability for the airline, confidence for airline investors and ensure that the broad U.S. economy benefits from reliable airline service.

A hedge fund, however, starts with no inherent risk. Its mission is to evaluate investment options, balancing risk and reward. If a hedge fund enters into a jet fuel derivatives contract on a bet that prices will increase, then it's nonsense to say that they are "hedging" when they subsequently enter into an offsetting deal to reduce the risk they voluntarily took on in the first place.

These semantic charades can easily be carried to such extremes that every transaction a hedge fund enters is "hedging" something. An exemption for hedge funds serves no social purpose and, in fact, it puts our entire financial system at risk.

Congress should reject the efforts by Wall Street to craft any exemption that includes financial entities. Allowing exemptions for commercial end-users is a practical proposition. Congress must adopt the Senate language on mandatory clearing requirements for all derivatives. If it allows exemptions for financial entities, it will have failed to protect the American people from the next financial crisis, which will be sure to follow.

________________________________________________________________________________________
Michael Masters is an equity hedge fund manager. He has been a vocal proponent of strong financial regulatory reform and has testified in front of the U.S. House, Senate and Commodities Futures Trading Commission more than eight times on the topic of derivatives reform. "

[Popeye82]

Mortgage Bond Prices Rise to 'Insane' Records; Mortgage securities with U.S.-backed guarantees are trading at record high prices on speculation homeowner refinancing will fail to accelerate and as supply of the bonds remains limited - BB - Jun 24, 2010

- Jody Shenn -
www.bloomberg.com/news/2010-06-23/mortgage-bonds-rise-to-ins…

[Popeye82]

Private Equity Groups Sitting on Cash; Private equity firms, where corporate takeovers are planned and plotted, today sit atop an estimated $500 billion. But the deal makers are desperate to find deals worth doing, and the clock is ticking - NYT - Jun 23, 2010

- by Julie Creswell -
www.nytimes.com/2010/06/24/business/24private.html?ref=busin…

[Popeye82]

Venezuela Steals Oil Rigs from American Company; Venezuela will nationalize a fleet of oil rigs belonging to U.S. company Helmerich and Payne, the latest takeover in a push to socialism as President Hugo Chavez struggles with lower oil output and a recession - Reuters - Jun 24, 2010

- Jack Daniel -
www.reuters.com/article/idUSTRE65N0UM20100624

[Popeye82]

CBRC warns on foreign loan risk - CER/Reuters - Jun 24, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_24/CBRC_wa…

"The China Banking Regulatory Commission (CBRC) has warned Chinese banks to conduct thorough due diligence when issuing loans to foreign entities, Reuters reported.

Poor economic situations, political and social unrest, and a weakening currency could all lead foreign borrowers to default on debts, the regulator warned. Depending on the level of risk, China's banks must set aside provisions of between 0.5% and 50% for foreign loans, and the regulator said banks must ensure borrowers have sufficient levels of foreign currency assets before issuing loans. "The outbreak of the global financial crisis further underscores the need and importance of strengthening risk management in different foreign countries," the CBRC said. "

[Popeye82]

Auditor: $13.8b in misdirected funds recovered in 2009 - CER - Jun 24, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_24/Auditor…

"China recovered more than US$13.82 billion in misdirected public funds last year, state media reported.

More than 790 people were imprisoned in connection with misuse of public money, mostly in project approval, decision making, loan granting, and public bidding and tender in financial transactions, transfer of state assets and management of land and mineral resources, said Liu Jiayi, China's chief auditor. He said online banking transfers, cheating on loans and insider trading of stocks were favorite methods for profiting illegally. At least part of the rise of China's stock and property markets in 2009 has been attributed to misdirected stimulus funds and bank loans being used for investment. Liu said that China's local governments accumulated debts of US$410 billion in 2009 as they splurged on infrastructure. "

[Popeye82]

China could become largest coal importer in 2010 - CER/IEA/FT - Jun 24, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_24/China_c…

"The International Energy Agency said that China will become the world's largest importer of thermal coal this year, despite earlier expectations that it would not overtake Japan – the largest importer at present – before 2015, the Financial Times reported.

Imports of coal hit 47.5 million metric tons in the January-May period, a 120% year-on-year increase. Demand from China has helped to push coal in Europe to prices not seen since 2008; Asian benchmark Newcastle coal has risen to US$100 per ton. The agency also said that demand from China would help to push demand for oil up by an average of 1.4% through 2015. Demand growth in China, India and the Middle East would offset flat or declining growth in the rest of the world, the agency said. "

[Popeye82]

US senators criticize lack of RMB movement - CER/Reuters - Jun 24, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_24/US_sena…

"US senators speaking before a Senate Finance Committee hearing have criticized China's efforts to increase the flexibility of the renminbi's exchange rate, Reuters reported.

The criticisms were sparked by the renminbi's relative stability against the US dollar since the People's Bank of China (PBoC) announced a more flexible exchange rate policy on the weekend. As of Wednesday, the renminbi had only risen 0.2% against the US dollar despite some estimates that it is as much as 20% undervalued. Democratic Senator Charles Schumer said he would proceed with a proposed bill that would require the US Commerce Department to treat undervalued currencies as unfair trade subsidies. The PBoC said that it would increase flexibility while keeping the renminbi's exchange rate "basically stable." "

[Popeye82]

CBRC recognizes Malaysia as QDII destination - CER/DJ/MS - Jun 24, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_24/CBRC_re…

"The China Banking Regulatory Commission (CBRC) signed an agreement with Malaysia's Securities Commission to recognize Malaysia as an approved investment destination under the Qualified Domestic Institutional Investor (QDII) program, Dow Jones and the Malaysia Star reported.

The China Securities Regulatory Commission (CSRC) confirmed Malaysia's approval under a previous memorandum of understanding with the Malaysian Securities Commission. The country joins Australia, Canada, Hong Kong, Germany, Japan, Luxembourg, Singapore, South Korea, the UK and the US as an approved jurisdiction. The agreement permits approved Chinese fund management and securities companies to invest in Malaysian equities, fixed-income products and other securities. "

[Popeye82]

Mining investment firm Vallar to list in London; New mining investment firm Vallar Plc unveils plans to list on the London Stock Exchange and raise $898m to take advantage of acquisition opportunities in the sector - Miningmx/Reuters - Jun 25, 2010
www.miningmx.com/news/markets/Mining-investment-firm-Vallar-…

[Popeye82]

China and Taiwan to sign ECFA deal Tuesday - CER - Jun 25, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_25/China_a…

"The Chinese mainland and Taiwan will sign an Economic Cooperation Framework Agreement (ECFA) slashing import tariffs on hundred of items next Tuesday, reported state media. The deal, valued at US$100 billion annually, represents the most important discussions between the two sides in 60 years and will be signed in the Chongqing municipality during the negotiators' fifth round of talks.

The ECFA will give Taiwanese companies tariff advantages on 530 categories of good exported to the mainland, while mainland firms will receive export benefits on 260 categories of good exported to Taiwan. The ECFA also provides for protection of intellectual property rights and regulates cross-Straits banking. "

[Popeye82]

SAIC plans private share placement - CER/BB - Jun 25, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_25/SAIC_pl…

"SAIC Motor (600104.SH), China's largest domestic carmaker, will raise up to US$1.47 billion in a private share placement, reported Bloomberg.

The additional capital will be used towards helping the carmaker develop its own brand in the domestic market. The private placement will involve the sale of as many as 900 million A-shares, with parent company Shanghai Automotive Industry Corp. agreeing to purchase 10% of those shares for nearly US$147 million. China's government has encouraged domestic auto manufacturers to develop their own brands to compete with foreign manufacturers in China, which became the world's largest automobile market in 2009. SAIC plans to sell 180,000 of its branded vehicles this year. Trading of SAIC shares has been halted since June 18. "

[Popeye82]

State Council approves tech convergence program - CER/SCMP - Jun 25, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_25/State_C…

"China's State Council approved a pilot program to merge telephone, internet and television services into a single cable, reported the South China Morning Post.

The program will be launched in several pilot cities in the coming years, said Wang Xiaojie, the head of the State Administration of Radio, Film, and Television's Shanghai technology bureau. The convergence will require at least US$88 billion and could invite US$147 billion in investment over the next three years. The merger plan includes two phases: from 2010 to 2012, trial sites for merged services will be launched and a regulation framework will be established, then from 2013-2015, business services will be launched. Shanghai, Shenzhen, Chongqing, Nanjing, Hangzhou, Harbin, Shenyang, Wuhan, Changsha and Xinzhou are forecasted to be the pilot cities, but the final list will be released Friday. "

[Popeye82]

Alibaba.com acquires US-based Vendio Services - CER/WSJ - Jun 25, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_25/Alibaba…

"Alibaba.com (1688.HK) on Thursday acquired US-based e-commerce services provider Vendio Services, its first American acquisition, reported the Wall Street Journal.

Vendio operates a platform to assist online vendors selling goods on online retailing sites including Amazon.com (AMZN.NASDAQ) and eBay (EBAY.NASDAQ). David Wei, CEO of Alibaba.com, has stated that his company is interested in further expansion into the business-to-business-to-consumer market (B2B2C), but he denied any plans to extend Chinese retail platform Taobao into the US market. The deal offers Alibaba access to California-based Vendio's 80,000 small businesses, 80% of which have never used online supplier services. Alibaba hopes the relationship will encourage these small businesses to access the 1.4 million suppliers available on Alibaba.com and AliExpress. "

[Popeye82]

Wuhan Steel signs agreement with Riversdale Mining - CER/SCMP - Jun 25, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_25/Wuhan_S…
www.stocknessmonster.com/news-item?S=RIV&E=ASX&N=495276

"Wuhan Iron & Steel (600005.SH) signed a US$800 million non-binding agreement Thursday with Riversdale Mining (RIV.ASX) for an 8% stake in the company and a 40% stake in one of the Australian firm's Mozambique mines, reported the South China Morning Post.

Riversdale Mining has also joined a partnership with China Communications Construction (1800.HK) that offers the Chinese firm the right to purchase 10% of the offtake from Riversdale's Benga coal project. The acquisition values the 9 billion ton Zambeze coal project at US$2 billion. The Benga and Zambeze projects will operate at full capacity by the end of the decade, producing 30 million tons of hard coking coal and 10 million tons of thermal coal. "

[Popeye82]

Survey reveals more than 1 million "ants" - CER - Jun 25, 2010
www.chinaeconomicreview.com/dailybriefing/2010_06_25/Survey_…

"The Social Sciences Academy Press on Wednesday released statistics revealing that one million so-called "ants" - low-income college graduates unable to afford housing in the city's metro areas - now live in China's largest cities, reported state media.

More than 100,000 low-income college graduates lacking stable employment live in Beijing alone, with similar populations in Guangzhou, Xi'an, Chongqing, Taiyuan, Zhengzhou and Nanjing. Ministry of Education statistics reveal that college graduates have increased 470% from from 1.07 million to 6.11 million in the past decade. In order to relieve the stress on big cities, the Social Sciences Academy recommended further development of second- and third-tier cities. "

[Popeye82]

Nine of the World's Most Promising Carbon-Neutral Communities; In the global race to reduce carbon emissions, these eco-minded communities, from Kansas to the Maldives, lead the pack. Here's how they're making their carbon footprints disappear - PopSci - Jun 17, 2010

- by Patrick Di Justo -
www.popsci.com/node/46541/?cmpid=enews061710

[Popeye82]

Obama erhöht Druck auf China wegen Yuan - Financial.de, TORONTO - Jun 28, 2010
www.financial.de/news/agenturmeldungen/obama-erhoht-druck-au…

"TORONTO (dpa-AFX) – US-Präsident Barack Obama erwartet von China langfristig
eine wesentliche Aufwertung der chinesischen Währung. Dass China durch einen
unterbewerteten Yuan deutliche Handelsvorteile genieße, sei “nicht akzeptabel”,
sagte Obama nach einem Treffen mit Chinas Staats- und Parteichef Hu Jintao am
Sonntagabend (Ortszeit) am Rande des Gipfels der 20 großen Volkswirtschaften
(G20) im kanadischen Toronto.

Die chinesische Delegation erteilte der gewünschten starken Aufwertung eine
klare Absage. Der Direktor der Zentralbank, Zhang Tao, betonte, die
Wechselkursreform werde schrittweise verfolgt und hänge von den wirtschaftlichen
Bedingungen in China ab. Ausländischen Druck wiesen Zhang Tao und andere
Offizielle entschieden zurück.

Obama begrüßte die jüngste Abkopplung des Yuan vom US-Dollar als einen guten
“ersten Schritt”, dem mehr folgen müsse. Die USA erwarteten keine 20-prozentige
Aufwertung in einer Woche, doch mit einer stärken Marktorientierung der
chinesischen Währung langfristig einen “bedeutenden” Kursanstieg, sagte Obama.

Trotz der Differenzen stellten beide Staatsüberhäupter eine erkennbare
Verbesserung ihrer Beziehungen fest. Obama lud Hu Jintao nach Washington ein.
Ein Termin wurde nicht genannt. Der Währungsstreit sowie Waffenlieferungen der
USA an Taiwan und der Empfang des tibetischen Religionsführers Dalai Lama durch
Obama hatten die Beziehungen seit Jahresanfang belastet.

Anders als die USA erwartet China von der Flexibilisierung seiner Währung
auch keine wesentliche Veränderung seines großen Handelsüberschusses. “Ich denke
nicht, dass die Wechselkursreform große Auswirkungen auf die Handelsbilanz haben
wird”, sagte der Direktor im Handelsministerium, Yu Jianhua. In der vergangenen
Woche hatte der Yuan zum US-Dollar nur um 0,5 Prozent an Wert zugelegt.

Der Handelsüberschuss sei in den ersten fünf Monaten des Jahres schon um 60
Prozent zurückgegangen. Mit Blick auf Chinas Außenhandel in diesem Jahr zeigte
sich Yu Jianhua nicht optimistisch. Gründe seien die Schuldenkrise in Europa,
Chinas größtem Handelspartner, die Euro-Schwäche, die Lohnspirale in China und
der Anstieg der Rohstoffpreise, sagte Yu Jianhua.

Die USA und andere Staaten erhoffen sich von einer Aufwertung ein geringeres
Defizit im Handel mit China und bessere Chancen gegenüber chinesischen Produkten
auf dem Weltmarkt. Kritiker werfen China vor, seine Exporte mit einem
unterbewerteten Yuan künstlich zu verbilligen und damit Produkte anderer Länder
aus dem Markt zu drängen. Solche Handelsungleichgewichte vernichten aus
amerikanischer Sicht nicht nur Arbeitsplätze, sondern verschärfen auch die
globale Wirtschaftskrise./pm/lw/DP/gr "

[Popeye82]

Brasilien rügt Exportstaaten wie Deutschland - Financial.de, TORONTO - Jun 28, 2010
www.financial.de/news/agenturmeldungen/brasilien-rugt-export…

"TORONTO (dpa-AFX) – Brasilien hat in der Diskussion um globale
Handelsungleichgewichte Deutschland und Japan kritisiert. Beim Gipfeltreffen der
20 wichtigsten Volkswirtschaften (G20) hätten die Schwellenländer die
Export-starken Industrienationen aufgefordert, ihre Binnennachfrage anzukurbeln,
sagte Brasiliens Finanzminister Guido Mantega am Sonntag im kanadischen Toronto.

“Diese Botschaft geht an Deutschland und Japan, die von externen Märkten
leben und jetzt eine Angleichung wünschen, ohne ihre Binnenkonjunktur so wie sie
sollten anzukurbeln.” Der Abbau der Ungleichgewichte dürfe aber nicht nur auf
den Schultern der Schwellenländer lasten, sagte Mantega. “Wir spielen unsere
Rolle und sie müssen ihre spielen.”/dj/DP/gr "

[Popeye82]

DJ Schäuble begrüßt Derivate-Regelung in US-Finanzreform – FTD - Financial.de, BERLIN - Jun 28, 2010
www.financial.de/news/agenturmeldungen/dj-schauble-begrust-d…

"BERLIN (Dow Jones)–Bundesfinanzminister Wolfgang Schäuble (CDU) schließt eine Regulierung der Derivate nach dem Vorbild der neuen US-Finanzreform nicht aus. Der US-Vorschlag, Derivate generell zu standardisieren und für Firmen der Realwirtschaft spezifische Absicherungslösungen zu schaffen, sei interessant, sagte der Minister der “Financial Times Deutschland” (Montagausgabe).

“Das ist ja die Hauptsorge in der deutschen Industrie und auch in der europäischen Industrie. Dafür enthält dieses Paket einen ganz interessanten Ansatz”, so Schäuble. “Da können wir voneinander lernen.” "

[Popeye82]

G20 will Wachstum durch Sparen – Obama warnt - FInancial.de, TORONTO - Jun 28, 2010
www.financial.de/news/agenturmeldungen/g20-will-wachstum-dur…

"TORONTO (dpa-AFX) – Kurswechsel der stärksten Volkswirtschaften der Erde
(G20): Statt mit Konjunkturprogrammen auf Pump wollen sie künftig durch
Schuldenabbau Arbeitsplätze und Wohlstand schaffen. Auf diese – wenn auch
unverbindlichen – Ziele verständigten sich die Staats- und Regierungschefs der
G20 im kanadischen Toronto. Sie blieben aber auch im zweiten Jahr nach der
schweren Wirtschaftskrise die versprochenen schärferen Spielregeln für die
Banken schuldig.

Bundeskanzlerin Angela Merkel (CDU) sah die Finanzpolitik Deutschlands und
Europas am Wochenende in Toronto bestätigt. “Ehrlich gesagt, ist es mehr als ich
erwartet habe (…).” Es sei eine Formel für “wachstumsfreundlichen
Defizitabbau” gefunden worden.

Bis 2013 wollen die stärksten Industrienationen ihre Haushaltsdefizite
halbieren. Der Anteil der Schulden an der Wirtschaftsleistung soll sich
möglichst verringern.

US-Präsident Barack Obama kündigte mittelfristig eine Wende in seiner
Wirtschaftspolitik an. Die Amerikaner “können und wollen nicht länger den Weg
der Welt zum Wohlstand bezahlen”, sagte er am Sonntagabend (Ortszeit). Er will
die Wettbewerbsfähigkeit der heimischen Industrie stärken und so die Exporte
ankurbeln.

Obama steht innenpolitisch angesichts der hohen Arbeitslosigkeit unter
Druck. Bisher setzt er besonders auf schuldenfinanzierte Konjunkturanreize. Doch
angesichts des enormen Schuldenbergs mehren sich auch dort kritische Stimmen -
selbst in Obamas Demokratischer Partei.

Der Gastgeber und kanadische Premierminister Stephen Harper kam Obama
entgegen. “Wir haben starke Beschüsse zur Eindämmung der Schulden vorgenommen”,
sagte er. “Die Haushaltskonsolidierung ist aber nicht Ziel an sich. Die
Konjunkturprogramme werden auf kurze Sicht weiter eine wichtige Rolle spielen.”

Auch der US-Präsident zeigte sich mit dem Doppel-Gipfel zufrieden
- am Freitag und Samstag hatten auch die führenden Industriestaaten
und Russland (G8) im 220 Kilometer nördlich von Toronto gelegenen Huntsville
getagt. Zur G8 gehören die USA, Kanada, Russland, Japan, Deutschland,
Frankreich, Großbritannien und Italien.

Die G20 repräsentiert zwei Drittel der Weltbevölkerung, knapp neun Zehntel
der globalen Wirtschaftskraft und vier Fünftel des weltweiten Handels. Zu der
Gruppe gehören aufstrebende Volkswirtschaften wie China, Indien, Mexiko und
Brasilien.

Der erste G20-Gipfel waren im November 2008 auf dem Höhepunkt der
Wirtschaftskrise zusammengekommen – als eine Art globale Krisenfeuerwehr. Das
Toronto-Treffen war der nun vierte Gipfel.

Harper stand wegen der gewaltigen Gipfelkosten von fast einer Milliarde Euro
in der Kritik. Obwohl der Großteil des Geldes für die Sicherheit draufging, kam
es zu Ausschreitungen. Mehr als 500 Demonstranten wurden festgenommen.
Polizeiautos brannten.

Wenig Handfestes kam bei der Reform des Weltfinanzsystems heraus. Immerhin
konnte Obama für die USA bereits schärfere Regeln vorweisen, die wohl im Juli
Gesetz werden. Allerdings zählten die Vorschriften für die US-Bankenbranche
bisher im weltweiten Vergleich zu den lockersten – ein wesentlicher Grund für
den Ausbruch der Finanzkrise.

Die G20 wollen nun im November in der südkoreanischen Hauptstadt Seoul einen
Rahmen verabschieden – beispielsweise für eine bessere Risikovorsorge und
schärfere Eigenkapitalvorschriften der Banken.

Merkel konnte sich mit ihren Ideen einer Bankenabgabe und einer Steuer auf
bestimmte Bankgeschäfte nicht durchsetzen. Immerhin sprang ihr Obama bei der
Bankenabgabe bei. Der Gipfel sei eine “Übergangsphase” gewesen, räumte Merkel
ein. “Wichtige weitere Schritte werden wir in Seoul abschließen.”

Frankreichs Staatspräsident Nicolas Sarkozy sah dennoch einen Erfolg der
Europäer. Zum ersten Mal überhaupt sei in einem Dokument der G8 oder der G20 von
einer Bankenabgabe die Rede.

Sarkozy und der neue britische Premier David Cameron wollen die
Welthandelsrunde wiederbeleben. Das müsse Chefsache werden, sagte der Franzose.
Die sogenannte Doha-Runde läuft seit 2001. Sie stockt vor allem wegen Streits
zwischen den reichen Industriestaaten und den aufstrebenden Schwellenländern
über die Öffnung der Märkte.

Am Sonntag stahl sich Merkel für eine Stunde aus der Sitzung, um begeistert
das Spiel der deutschen Nationalmannschaft gegen England bei der Fußball-WM zu
sehen. “Das war ein tolles Spiel und ein toller Sieg. Ich bin noch ganz bewegt”,
sagte die Kanzlerin nachher.

Gegen den G20-Gipfel in Toronto protestierten mindestens 10.000
Demonstranten. Nach zunächst friedlichen Aktionen kam es zu den Ausschreitungen.
19.000 Polizisten waren im Einsatz.

Die Staats- und Regierungschefs klammerten den Klimaschutz quasi aus. Sie
strichen das Bekenntnis, in nachhaltige Energien zu investieren, aus der
Abschlusserklärung. Nach dem Debakel beim Weltklimagipfel in Kopenhagen spielt
das Thema derzeit eine untergeordnete Rolle.

Auch wenn erstmals ein G20-Gipfel direkt einem G8-Treffen folgte, sieht
Merkel für die Gruppe der Acht weiter einen wichtigen Platz im globalen
Machtgefüge.

Die G8-Staaten verurteilten Nordkorea für den Angriff auf ein
südkoreanisches Kriegsschiff Ende März. Den Iran riefen sie erneut auf, sein
Atomprogramm internationalen Inspektoren offenzulegen. Das Land steht im
Verdacht, an der Atombombe zu arbeiten.

Hilfsorganisationen übten scharfe Kritik an der G8. Sie warfen den
Staatenführern vor, frühere Versprechen an arme Länder unter den Tisch
fallengelassen zu haben.

Frankreis Staatspräsident Nicolas Sarkozy richtet 2011 im Frühjahr (G8 in
Nizza) und im November (G20 – Ort noch offen) die nächsten Gipfel aus./dj
rom/DP/gr "

[Popeye82]

Gillard to cut tax rate; In a sign of consensus in the mining tax dispute, Prime Minister Gillard has agreed to cut the proposed rate - MA - Jun 28, 2010

- Cole Latimer -
www.miningaustralia.com.au/news/gillard-to-cut-tax-rate?utm_…

"In a sign of consensus in the mining tax dispute, Prime Minister Gillard has agreed to cut the proposed rate.

As a deliberate change of pace from the Rudd Government which signaled that the 40% tax rate was “not up for negotiations”, Gillard told the Nine Network that the negotiations with the mining industry will be driven by what is in the best interests of the nation.

"I'm throwing open the door of the Government, if they can open their minds and I think we are well on our way to seeing an opening of the minds, and a respectful genuine negotiation," she said.

Deputy Prime Minister Wayne Swan commented on this change in pace from the G20 Summit in Canada, saying the Government has “got a fresh start in those discussions and I hope we could conclude them as promptly as possible.”

However, Swan outlined that the mining tax is not a measure to bring the budget back to surplus within the Government’s projected three year deadline.

The tax will be implemented as “the old royalties system didn't provide that value and nor was it economically efficient,” he added.

Following this, Opposition leader Tony Abbot again called for the complete scrapping of the tax, as “the mining sector is 50 per cent of our export income, without that income the whole economy is in trouble,” he told the ABC. "

[Popeye82]

Salazar Strengthens Relationships in Local Community - Jun 28, 2010
www.marketwire.com/press-release/Salazar-Strengthens-Relatio…

[Popeye82]

Chemaphor Announces Oximunol(TM) Chewables Commercialization Plan - Jun 28, 2010
www.marketwire.com/press-release/Chemaphor-Announces-Oximuno…

[Popeye82]

Nanostart-Tochter MagForce: Nano-Krebs®-Therapie erhält EU-Zulassung - Jun 28, 2010

+ EU-weite Zulassung als Primärtherapie

+ für alle primären Hirntumore

+ „historischer Augenblick nach über 20 Jahren Entwicklung“

+ EU-Vermarktungsbeginn in den kommenden Wochen ...
http://nanostart.de/index.php?option=com_content&view=articl…

[Popeye82]

[LEG] Magnetite exploration target of 1.75Bt – 3.25Bt identified - 28-Jun-2010
www.australianinvestor.com.au/news.asp?id=38420
www.stocknessmonster.com/news-item?S=LEG&E=ASX&N=495511

"Legend Mining Limited today announced the results of a magnetic modelling report by independent geophysical consultants, Southern Geoscience Consultants (SGC), evaluating the magnetite potential of its Woodley prospect at Gum Creek.

The report focussed on a 20km strike length of BIF and indicated the potential for a range of 1.75-3.25Bt1 of magnetite. An expected grade of 30-40% Fe (average 34%) is considered likely based on 48 non-systematic rockchip samples of outcropping BIF taken by Legend and reported previously to the ASX on 4 August 2008.

The tonnage estimate is calculated over a 20km strike length, to a vertical depth of 250m below surface and assumes a density of 3.3g/cm3. The forward models created from profiles of the total magnetic intensity and analytical signal data are well constrained and compare well with the 3D model, providing a good indication of the overall size and attitude of the magnetic BIF. The model results indicate that the BIF sequence is comprised of up to four separate magnetic units with depths between 10-100m below surface.

The 30-40% Fe grade range indicated by these BIF rockchip samples is consistent with iron grades from magnetite deposits in the Yilgarn District; i.e. Jack Hills Deposit - 2.86Bt @ 30.6% Fe, Cashmere Downs Deposit - 822Mt @ 32.5% Fe and Karara Deposit -1.85Bt @ 35.4% Fe. "

[Popeye82]

Wavefront Completes Second On-Shore Stimulation for Pemex; Powerwave Single Well Stimulation Use Also Growing in Canada and United States - Jun 28, 2010
www.marketwire.com/press-release/Wavefront-Completes-Second-…

[Popeye82]

Hanfeng and FBSciences Strengthen Exclusive Agreement for Carbon Power®; Term Extended to Five Years; Exclusive Sales Area Expanded Beyond China and SE Asia to Include Japan and Korea - Jun 28, 2010
www.marketwire.com/press-release/Hanfeng-and-FBSciences-Stre…

[Popeye82]

[TAS] Kiruna Project increases to 98Mt of iron - 28-Jun-2010
www.australianinvestor.com.au/news.asp?id=38419
www.stocknessmonster.com/news-item?S=SCR&E=ASX&N=495534

"Scandinavian focussed minerals company Scandinavian Resources Ltd has increased its iron exposure at the Kiruna Project, in northern Sweden to 98 million tonnes through a joint venture and identification of historical foreign estimates.

The Company’s strategy is to aggregate sufficient resources in and around the modern infrastructure located in Kiruna to assess mining scenarios utilising existing and building new infrastructure.

Scandinavian Resources aims to continue increasing its exposure to resources in the Kiruna District by implementing an aggregation and exploration strategy not dissimilar to that successfully deployed by emerging iron miners in the Pilbara region of Western Australia.

Within the context of that strategy, the Company has entered into a joint venture with Toronto Venture Exchange listed company Tasman Metals Ltd over four of its 100%-owned exploration claims in northern Sweden.

The expanded Kiruna Project is located within the Kiruna iron ore district, home to the world-class Kiruna and Malmberget iron ore mines (owned by Swedish State company LKAB) which have produced in excess of 1.5 billion tonnes at over 60% iron. The joint venture includes projects with JORC compliant indicated and inferred resources, and high grade iron – low phosphorous prospects with the potential to provide direct shipping ore. "

[Popeye82]

Linc Energy - World First for LNC with Hydrogen Fuel Cell Trial - Jun 29, 2010
www.stocknessmonster.com/news-item?S=LNC&E=ASX&N=221648

[Popeye82]

Mid-Tier Silver Producers Report - TMA - Jun10
http://silveraxis.com/todayinsilver/wp-content/uploads/2010/…

[Popeye82]

Australia's Greens may block mine-tax deal; The Australian government's hopes of defusing a damaging row over its planned mining tax hit a snag on Monday when the Greens party vowed to block any attempt to seriously water down the tax - Miningmx/Reuters - Jun 28, 2010
www.miningmx.com/news/markets/Australia-greens-may-block-min…

[Popeye82]

Retransmission: Hudson Reports Initial Rare Earth Drill Results for 2010, First Hole in ST1 Zone Intersects 150m of 1.7% TREO - Jun 29, 2010
www.marketwire.com/press-release/Retransmission-Hudson-Repor…

[Popeye82]

Hathor Receives Final Winter Assays and Plans an Aggressive Summer Drill Program to Test the Full Potential of Roughrider East - Jun 29, 2010
www.marketwire.com/press-release/Hathor-Receives-Final-Winte…

[Popeye82]

Volta Announces Maiden NI 43-101 Compliant Resource for its Kiaka Gold Project Indicated Resources of 41.25Mt @ 1.04 g/t Au for 1,384,000 Ounces of Gold and Inferred Resources of 15.90Mt @ 0.90 g/t Au for 480,000 Ounces of Gold - Jun 24, 2010
www.voltaresources.com/s/NewsReleases.asp?ReportID=407351&_T…

[Popeye82]

Canada to supply uranium to India and China; On June 27, The Prime Ministers of Canada and India signed a civil nuclear cooperation agreement. The deal provides for cooperation in civil nuclear energy including import of uranium and equipment from Canada, underscoring cooperation in the fields of nuclear waste management and radiation safety - U3O8.biz - Jun 29, 2010

- by Dave Brown -
www.u3o8.biz/s/MarketCommentary.asp?ReportID=407370&_Type=Ma…

[Popeye82]

Alexco and the First Nation of Nacho Nyak Dun Sign Comprehensive Cooperation and Benefits Agreement - Jun 29, 2010
www.marketwire.com/press-release/Alexco-First-Nation-Nacho-N…

[Popeye82]

Migao to Construct New 40,000 Tonne Potassium Sulphate Facility at Its Changchun Migao Location; Expansion Doubles Output of Northeast China Location - Jun 29, 2010
www.marketwire.com/press-release/Migao-Construct-New-40000-T…

[Popeye82]

Fission & KEPCO Agree to Accelerate Exploration at Waterbury Lake: Expenditures Double to $30 Million Over Three Years - Jun 30, 2010
www.marketwire.com/press-release/Fission-KEPCO-Agree-Acceler…

[Popeye82]

Functional Technologies' Yeast Tests Demonstrate Reduction in Acrylamide by 90% - Jun 30, 2010
www.marketwire.com/press-release/Functional-Technologies-Yea…

[Popeye82]

Redpoint Signs License and Commercialization Agreement with International Flavors & Fragrances; IFF granted 5 year exclusivity period to commercialize sweetness enhancer
- Jun 30, 2010
www.earthtimes.org/articles/press/international-flavors--fra…

[Popeye82]

Betriebliche Altersversorgung: Raum für weitere Expansion - DB Research - Jun 30, 2010

- Angesichts der ungünstigen Langfristperspektiven der Rentenversicherung bietet die betriebliche Altersversorgung den Unternehmen und ihren Mitarbeitern viele Vorteile. Aus Unternehmenssicht fördert sie die Attraktivität als Arbeitgeber, stärkt die Mitarbeiterbindung und die Leistungsmotivation am Arbeitsplatz. Bei erfolgreichen Unternehmen ist sie daher ein Kernelement moderner Personalpolitik. Gleichwohl haben kleinere Betriebe noch erheblichen Nachholbedarf beim Angebot einer Betriebsrente. Vor allem gibt es viele Beschäftigte, die sich aufgrund unzureichender Finanzkompetenz oder mangelnder finanzieller Mittel nicht mit der Chance auf ein verbessertes Alterseinkommen befassen. Hier bleibt die Politik gefordert, Beschäftigte mit unteren und mittleren Einkommen bei Steuern und Abgaben zu entlasten. Hilfreich ist daneben eine zielführende Informationspolitik der Unternehmen, die ihre Mitarbeiter bei der Vorsorgeentscheidung umfassend unterstützt. ...-

[Popeye82]

Carbon Market News - Jun 30, 2010
www.pointcarbon.com

"Today's headlines

*Democrats compromise with utilities-only ETS
*AEP, Southern top emitters list
*Obama calls for carbon-pricing energy bill
*Carbon closes at three-week low
*Finland approves 3 JI projects
*Big Japanese region to introduce ETS next April
*Bulgaria suspended from Kyoto carbon trade: Reuters
*Germany eyes AAU tie-up with Russia
*Gas price rise to impact UK emissions: analysts
*UK needs £550bn in low-carbon investment
*Switzerland commits $128m in short-term finance
*Germany launches $100m climate fund "

[Popeye82]

Bengal Energy Signs Production Sharing Contract in India - Jun 30, 2010
www.bengalenergy.ca/documents/news/2010/BNG-2010-06-30.pdf

[Popeye82]

Shabangu hangs tough on empowerment; Minister of Mineral Resources Susan Shabangu is taking a hard line on the issue of mining companies maintaining their black economic empowerment status - Miningmx - Jun 30, 2010

- Brendan Ryan -
www.miningmx.com/news/markets/shabangu-hangs-tough-on-empowe…

[Popeye82]

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[Popeye82]

Australia pitch new deal to miners; Australia's government has pitched to mining firms a compromise offer on a controversial tax, a newspaper said on Wednesday, in a move that could clear the path for new Prime Minister Julia Gillard to call an election - Miningmx/Reuters - Jun 30, 2010
www.miningmx.com/news/markets/Australia-pitch-new-deal-to-mi…

[Popeye82]

Greenland defends offshore drilling - OR - 6/30/2010
www.ocean-resources.com/industry-news.asp?newsid=8933

[Popeye82]

[GBE] Updated resource estimate - AI - 30-Jun-2010
www.australianinvestor.com.au/news.asp?id=38452
www.stocknessmonster.com/news-item?S=GBE&E=ASX&N=495847

"Global Metals and Mining has today announced an updated JORC resource estimate total of 60Mt: 5Mt Measured, 18Mt Indicated and 37Mt Inferred at its Kanyika Niobium Project.

The previous estimate total was 13Mt Indicated + 42Mt Inferred, meaning the project has a 77% increase in Measured + Indicated resource tonnage and 5% increase in total contained metal.

Importantly, the increased drill density in many of the near surface areas of the resource allowed for definition of numerous high grade shoots, which will be targeted in the early years of mining.

And the total 10Mt of Measured and Indicated resources above a 3,000ppm cut off has a weighted average grade of 4,700ppm. This high-grade Measured and Indicated material is planned to be mined first and represents 7 years of potential mill feed. "

[Popeye82]

[MNC] Major resources upgrade at Los Calatos to 926 million tonnes - Australianinvestor - 1-Jul-2010
www.australianinvestor.com.au/news.asp?id=38474
www.stocknessmonster.com/news-item?S=MNC&E=ASX&N=338255

"Metminco Limited announced that following phase two drilling by Hampton Mining Limited, resources at Hampton’s Los Calatos Project in Peru have increased by approximately 350% to 926 million tonnes, using a cut off grade of 0.2% copper.

Metminco has a 69.4% interest in Hampton.

In the phase two drilling campaign, Hampton drilled 10 core holes totalling 9,516 metres from November 2009 to March 2010, supplementing 13 cored holes previously drilled by Hampton (phase one, totalling 6,387 metres), and 39 cored and reverse circulation holes drilled previously by Phelps Dodge and Barrick.

Total metres drilled on the Los Calatos Project to June 2010 are 21,261 metres, of which 20,393 metres was considered in the revised June 2010 resource estimate.

Hampton is preparing a more detailed technical report on the Los Calatos Project to be released in this quarter. "

[Popeye82]

[WPG] Long term port access secured for export of Peculiar Knob iron ore - Australianinvestor - 1-Jul-2010
www.australianinvestor.com.au/news.asp?id=38483
www.stocknessmonster.com/news-item?S=WPG&E=ASX&N=597355

"Western Plains Resources Limited (WPG) advised that it has executed binding lease, licence and pricing agreements with Flinders Ports Pty Limited that will give the Company long term access to Berth 7 at Port Pirie for the export of iron ore and coal.

The initial term of the agreements is 10 years with WPG holding rights to extend the term for a total period of up to 30 years.

WPG intends to take the decision to commit to project development at its flagship Peculiar Knob direct shipping iron ore mine in H2 2010. To the best of WPG’s knowledge, Peculiar Knob is the highest grade undeveloped DSO deposit in Australia, with the lowest levels of the key impurities alumina and phosphorus.

As a result of optimisation of the logistics chain, WPG now expects exports of 3-4 million tonnes per annum of iron ore could commence in H2 2011. This is higher than the previous estimates of 2-3 million tonnes per annum. "

[Popeye82]

Synchronica: Flurry of orders - ED - Jul10

- Philip Carse -

+ 3 major new contracts and 2 new purchase orders - all in last week

+ Including first carrier contract gained though Nokia Siemens Networks

+ Improved revenue outlook suggests undervaluation if estimates met ...
www.equitydevelopment.co.uk/downloader/737

[Popeye82]

Salares Lithium Announces Significant Increase to Its Brine Bearing Reservoir Rock / Aquifer - Jul 02, 2010
www.marketwire.com/press-release/Salares-Lithium-Announces-S…

[Popeye82]

US-Mittelstand nach der Krise: Schlüsselrolle für eine kräftigere Erholung in den USA - DB Research - Jul 2, 2010

- Unsere wichtigsten Aussagen:

+ Im Vergleich zu Großunternehmen waren kleine und mittlere Unternehmen (KMU) in den USA stärker von der Rezession der Jahre 2007-2009 betroffen und verzeichnen auch bislang nur eine langsame Erholung.

+ Allerdings deuten jüngste Umfragen und Beschäftigungsdaten auf eine konjunkturelle Belebung hin.

+ Für die Zukunft werden verbesserte Absatzchancen sowie Zugang zu Finanzmitteln die entscheidenden Faktoren für eine kräftigere Erholung der KMU in den USA sein.

+ Der deutsche Mittelstand ist am US-Markt aktiv engagiert und gut positioniert, um von der Konjunkturbelebung zu profitieren. ...-
www.dbresearch.de/PROD/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Mining tax slashed; The mining tax has seen a range of concessions granted by the Government following negotiations with Prime Minister Julia Gillard - MA - Jul 2, 2010

- Cole Latimer -
http://production.miningaustralia.com.au/news/mining-tax-sla…

"The mining tax has seen a range of concessions granted by the Government following negotiations with Prime Minister Julia Gillard.


The Government has seriously cut the tax rate and reduced the minerals affected in order to reach consensus, slashing $1.5 billion in potential revenues in the process.

In the first move, the Resource Super Profits Tax has been renamed to the Minerals Resources Rent Tax (MRRT) and will now only apply to iron ore and coal.

The tax rate will now be capped at only 30%, as opposed to the previous level of 40%.

This new MRRT will only apply after profits exceeds the long term bond rate plus 7%, as compared to just the bond rate as was proposed by the former Rudd Government.

The existing Petroleum Resources Rent Tax has been expanded to include all onshore and offshore oil and gas projects, as well as coal seam gas and coal bed methane projects.

Due to the narrowing of the new minerals tax, the number of affected companies has dropped dramatically from around 2500 down to just over 300.


''These commodities were not expected to pay significant amounts of resource rent tax, and excluding them will allow many companies to remain in their existing taxation regimes,” a Government statement said.

Due to these enormous changes to the mining tax, the proposed cut in company tax, from 30% down to 28% has been minimised to only half that amount.

''The company tax rate will continue to be cut to 29 per cent from 2013-14 but will not be further reduced under current fiscal conditions,” the statement said. "

[Popeye82]

Absence of Exploration Rebate in new tax is a loss, AusIMM; The Australasian Institute of Mining and Metallurgy this morning voiced its disappointment that the Resource Exploration Rebate will not be part of the new Minerals Resource Rent Tax - MA - Jul 2, 2010

- by Michael Mills -
http://production.miningaustralia.com.au/news/absence-of-exp…

"The Australasian Institute of Mining and Metallurgy (AusIMM) this morning voiced its disappointment that the Resource Exploration Rebate will not be part of the new Minerals Resource Rent Tax (MRRT).

In a statement, the Institute believed the concessions would relieve political pressure on the Government, but had still left many questions unanswered.

According to AusIMM president Greg Chalmers, the Exploration Rebate was one of the positive aspects of the original Resource Super Profits Tax (RSPT) plan.

“We realise this is a pragmatic decision by the government in its bid to preserve the net revenue expected to flow from the MRRT, but it once again breaks a clear 2007 election promise by the Labor Party to encourage increased exploration in Australia,” he said.

“The AusIMM and other industry groups have made submissions to the government since 2007, arguing for the introduction of a flow-through shares scheme to correct a long-standing anomaly in the national tax system.

“Indeed, the opportunity to replace our depleting mineral inventory through increased exploration activity is the only way to address the Prime Minister’s major concern expressed this morning: mineral resources can only be extracted once.

“AusIMM and others will be asking the government how it plans to restore Australia’s position as a leading explorer.”

Chalmers also made the point that the majority of the potentially impacted companies were still waiting to be consulted on the details of the MRRT.

He said the Institute would take its concerns to the Policy Transition Group, a new body announced this morning to oversee the tax’s implementation.

The Policy Transition Group will be headed by former BHP Billiton chairman Don Argus and Federal Resources Minister Martin Ferguson. "

[Popeye82]

BHP, Rio keep rail from juniors; A decision by the Australian Competition Tribunal has seen BHP Billiton and Rio Tinto retain full access of their main Pilbara rail lines - MA - Jul 1, 2010

- Cole Latimer -
http://production.miningaustralia.com.au/news/bhp-rio-keep-r…

"A decision by the Australian Competition Tribunal has seen BHP Billiton and Rio Tinto retain full access of their main Pilbara rail lines.

The Tribunal rejected the application by Fortescue Metals and a group of junior miners to gain access to the rail lines, finding that access by these miners to Rio’s Hammersley lines and BHP’s Newman rails “would be contrary to the public interest.”

Rio is “very pleased that the access application over our major Pilbara railway line has been refused,” the miner’s chief executive of iron ore Sam Walsh said.

“We have always been strongly of the view that our integrated operations would be severely disrupted if we were required to allow third parties to operate trains on our rail system,” Walsh added.

The Tribunal’s inquiry found that the actual costs in providing access had the potential of dwarfing whatever benefits might exist from avoiding duplication of lines.

However, despite this the Tribunal did find in favour of the applicants for access in regards Rio’s Robe River railway and BHP’s Goldsworthy line.

BHP “are disappointed by their decision to grant declaration of our Goldsworthy rail line given its importance to our iron ore business,” iron ore chief executive Ian Ashby said.

In regards to Robe River, despite access being granted, the Tribunal only allowed this until 2018 instead of for 20 years as per the application to the Tribunal.

BHP is currently reviewing the decision on its Goldsworthy lines, and whether it may appeal the ruling via the Federal Court. "

[Popeye82]

Gold Resource Corporation Announces Commercial Production - Jul 1, 2010
www.earthtimes.org/articles/press/announces-commercial-produ…

[Popeye82]

Zanzibar shows way in the battle against cassava diseases; The article by Donald G. McNeil, Jr. published in the New York Times last month on a disease wreaking havoc on cassava – an important staple in sub-Saharan Africa - was timely. It highlights the challenges posed by this not-so-new disease - IITA - Jun 30, 2010
www.cgiar.org/newsroom/releases/news.asp?idnews=1072

[Popeye82]

Emergent Resources - Large DSO Hematite Discovery at Beyondie - Jun 2, 2010

Key Points

+ New, large surface hematite iron discovery with Direct Shipping Ore (DSO) potential at Beyondie Iron project

+ Initial reconnaissance and detailed geological mapping over a 10 kilometre strike
length delineated with potential large volumes of DSO Hematite within zone 300 metres
wide

+ 300 of 730 samples over 6.5km strike length received to date show very encouraging
surface sample head assay results of up to 64.5% Fe. 123 of the 300 samples returned between 54.9 and 64.5%Fe

+ 70-120Mt ExplorationTarget independently assessed over 6.5km portion by geological AMC Consultants Pty Ltd including a portion of 25-45Mt grading 55-60%Fe. Emergent expects drilling to establish significant upside on these targets in both grade and tonnage

+ Hematite occurrence open along strike and in depth

+ Zone of potential DSO hematite mineralisation occurs in tenement E52/2215 and is adjacent to E52/1806, which hosts the drilled Beyondie Magnetite JORC Mineral Resource

+ Emergent will now evaluate multiple project development options which may result in
earlier cash flows than the current planned magnetite concentrate production scheduled for 2014

+ The deposit is within easy access to the sealed Great Northern Highway, goldfields gas
pipeline and process water

+ Emergent will commence an extensive initial RC drilling program as soon as possible to determine potential amount of DSO Hematite mineralisation

+ The Exploration Target for magnetite iron mineralisation in E52/2215 of the project area is already 3.7-4.2 billion tonnes grading 27 to 28.5%Fe

+ The potential quantity and grade of the Exploration Targets is conceptual in nature. There has been insufficient exploration to define a Mineral Resource, and it is uncertain if further exploration will result in the determination of a Mineral Resource. ...
www.stocknessmonster.com/news-item?S=EMG&E=ASX&N=493102

[Popeye82]

Churchill Mining - Optimizes East Kutai Coal Project Development and Announces Increase In Planned Production Rate To 35 Million Tonnes Per Annum - Jul 1, 2010
www.churchillmining.com/library/file/Churchill%20Optimizatio…

[Popeye82]

Eine Langzeitbetrachtung des Welthandels - DB Research - Jun 29, 2010

- Dem Fall des Eisernen Vorhang folgte Anfang der 1990er Jahre eine Globalisierungswelle, wodurch die weltweiten Exporte erheblich an Dynamik gewannen. Der Welthandel stieg von USD 5,4 Bill. in 1990 (in 2009er Preisen, rd. 16% des globalen BIP) auf sein bisherigen Rekordwert von USD 15,5 Bill. in 2008 (24,4%). Der weltweite Abschwung, ausgelöst durch die Finanzkrise, reduzierte den Welthandel auf rund USD 10,1 Bill. in 2009. In den einzelnen Ländern und Regionen verlief die Entwicklung seitdem sehr unterschiedlich. Daher lohnt eine Analyse der bilateralen Handelsströme zur Beantwortung ökonomischer Fragestellungen, wie beispielsweise der Entstehung globaler Ungleichgewichte... -
www.dbresearch.de/MAIL/DBR_INTERNET_DE-PROD/PROD000000000025…

[Popeye82]

Bankbeteiligungen: Staatsrückzug bis 2015 - Eurams/W- Jun 2, 2010
www.wallstreet-online.de/nachrichten/nachricht/2976173-bankb…

[Popeye82]

Clean Global Energy - China Update - Jun 28, 2010

+ AuSino Energy Limited to raise intial US$30m pre-listing for Stage 1 of
commercial plant

+ Stage 1 commercial plant to produce 7PJ of Syngas

+ AuSino Energy Limited in discussions to acquire its own 300Mt coal lease
in Inner Mongolia

+ State owned CECIC furthers discussions with CGE for 2nd commercial UCG
project in Inner Mongolia ...
www.stocknessmonster.com/news-item?S=CGV&E=ASX&N=495537

[Popeye82]

Wen repeats policy stance amid growth concerns - CER/WSJ - Jul 1, 2010
www.chinaeconomicreview.com/dailybriefing/2010_07_01/Wen_rep…

"Premier Wen Jiabao announced on Wednesday that China will maintain economic policies that many analysts believe will lead to slower growth as the property market cools, the Wall Street Journal reported.

In a meeting with scholars and business people, Wen said: "China's economic is is currently developing in the direction envisaged by the macroeconomic adjustment and control policies." That includes last month's move to ease the currency's peg to the dollar and curbs on the property market, which have been hindering sales since being implemented in mid-April. Wen also remarked on the need to control inflation, a concern that has led to the government's recent roll back of its economic stimulus. China's purchasing managers' index dropped to 52.1 in June from 53.9 in May, figures released Thursday show. "

[Popeye82]

Weekly Review - Ocean Equities - Jun 30, 2010
www.minesite.com/fileadmin/content/pdfs/Brokers_Notes_April_…

[Popeye82]

China tort law to take effect Thursday - CER/FT - Jul 1, 2010
www.chinaeconomicreview.com/dailybriefing/2010_07_01/China_t…

"China will have a new personal injury and product liability law starting Thursday, allowing them to claim potentially unlimited punitive damages against companies that harm them, the Financial Times reported.

The new tort law is expected to spark a surge in claims, and will also give people in China the ability to sue for mental distress, environmental harm and even damage to their reputations online. Legal experts said the move, along with the passage of a labor contract law two years ago, will encourage a culture of individual rights and could act as a safety valve for pressures on the political system. Other analysts aren't as optimistic, as courts are expected to continue to limit damage awards and China's politicians will continue to decide which disputes go to court. "

[Popeye82]

Taobao launches Hong Kong retail shop - CER/SCMP - Jul 1, 2010
www.chinaeconomicreview.com/dailybriefing/2010_07_01/Taobao_…

"China's largest online market Taobao.com and the Hong Kong Trade Development Council (HKTDC) Design Gallery have launched a new retail channel, hongkongdg.taobao.com, to promote Hong Kong brands on the mainland, the South China Morning Post reported.

The online store will only sell Hong Kong designs, ranging from fashion and accessories, homeware, lifestyle goods and gifts. More than 50 brands are available so far, including jewelry retailers Chow Sang Sang (0116.HK) and Chow Tai Fook. Online shopping on the mainland has grown more than 80% a year , reaching about US$36.8 billion last year, HKTDC deputy executive director Margaret Fong said. HKTDC has outlets in Hong Kong's Wan Chai district, the Hong Kong airport and a third location in Beijing's Wangfujing commercial district. "

[Popeye82]

Xinhua looking to move to Times Square in New York - CER/WSJ - Jul 1, 2010
www.chinaeconomicreview.com/dailybriefing/2010_07_01/Xinhua_…

"China's state news agency Xinhua is finalizing a deal to to move to the top floor of the 44-story skyscraper at 1540 Broadway in New York City, meaning it could soon be the newest Times Square neighbour of media giants Thomson Reuters and Conde Nast, the Wall Street Journal reported.

The office space would be used as Xinhua's North American headquarters, an upgrade from from its current New York location in Queens. The news agency says it may increase its New York staff after the move. Xinhua has been increasing its presence abroad, and is planning to launch a global English-language television channel. The news agency will have a 20-year lease at 1540 Broadway. Though the rental rate is undisclosed, average rents for prime Time Square office buildings have fallen to about US$67 a square foot from a peak of about US$82 a square foot in early 2008. "

[Popeye82]

Tesla-IPO: Daimler-Partner rast dem schlechten Börsenklima davon; Als erster US-Autobauer seit Ford vor 54 Jahren ist Tesla am Dienstag an die Börse gegangen - Financial.de - Jun 30, 2010
www.financial.de/news/top-stories/tesla-ipo-daimler-partner-…

[Popeye82]

FTD“: Russen werben um Infineon; Wieder einmal steht Infineon im Blickpunkt: Die „Financial Times Deutschland“ (FTD) berichtet, dass Russland über das Bundeskanzleramt Zugriff auf den Chipkonzern bekommen will - Financial.de/FTD - Jun 28, 2010
www.financial.de/news/top-stories/%E2%80%9Eftd%E2%80%9C-russ…

[Popeye82]

Mindoro Drills 16.9 Meters of 1.81% Nickel at Agata - Jul 02, 2010
www.marketwire.com/press-release/Mindoro-Drills-169-Meters-o…