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[Popeye82]

Radar Iron - Independent Review Confirms Die Hardy Exploration Potential - Oct 13, 2011

HL:

+ Independent geophysical review of Die Hardy Project confirms large scale target potential

+ Magnetite target exploration potential estimated @0.83 -1.38 Billion tonnes* @25-35% Fe*

+ Potential for hematite +magnetite mineralisation identified in new nearby prospects

+ Maiden resource projected for Nov ´11 ...
www.stocknessmonster.com/news-item?S=RAD&E=ASX&N=561044

[Popeye82]

Mozambi Coal commences exploration in Zambeze Basin, neighbours include Rio Tinto &Vale - PAI - Oct 12, 2011

- Christine Feary -
www.proactiveinvestors.com.au/companies/news/20626/mozambi-c…
www.stocknessmonster.com/news-item?S=MOZ&E=ASX&N=564937

"Mozambi Coal (ASX: MOZ) has started exploration on its Songo license, in the highly prospective Zambeze Basin, northern Mozambique, with an initial drilling program to start in the next week.


The company has a significant exploration position within the country, with three projects covering more than 600 square kilometres and a combined Target Mineralisation of 4.96-6.19 billion tonnes of coking and thermal coal.

An airborne geophysical survey is being carried out over Songo, while plans are in place for a preliminary drilling program of 3000-5000 metres of diamond drilling.

The drill program will enable Mozambi to conduct technical due diligence on the Songo license. It is scheduled for completion during the December quarter of 2011 or the June quarter of 2012, depending on weather conditions.

Airborne geophysics will also be carried out over Mozambi’s Muturara and Tete West licenses during the December quarter of 2011.


The Songo agreement

Mozambi has the right to earn an 80% interest in Songo, which is held by local partner Xiluva Minerals Resources Lda. A $1.875 million private placement was announced with Polo Resources in July 2011 to finance the acquisition.


Zambeze Coal Basin – home of giants

Further boosting the prospectivity for Mozambi in the basin, Riversdale Mining (ASX: RIV) has already identified 13 billion tonnes of coal, (since acquired by Rio Tinto (ASX: RIO).

The Riversdale projects include Zambeze, where 9 billion tonnes of coal has been identified over 22 coal seams, with an agreement in place for Wuhan Iron & Steel to acquire 40% of project for US$800 million.

At Benga, 4 billion tonnes have been identified with a mining contract granted by Mozambique government for a 20 million tonnes a year operation.

Vale (NYSE: VALE), owns the Moatize Project, with a resource of 1.4 billion tonnes, and is set to commence production this year at a rate of 11 million tonnes per year of coking and thermal coal.


About Mozambique

Mozambique is a stable multi-party democracy with a developing resource sector, and hosts one of Africa’s fastest growing economies with GDP growth rates between 4.5% and 7.6% over the last few years.

This has been aided by investments from China, India, and Brazil, directed into resources and infrastructure projects.

The country also contains massive coal resources in the Zambeze Basin, which currently stand at over 17 billion tonnes, and hold significant potential for further resource upgrades.

This coal has been identified as premium hard coking coal that is the same quality as contained in the Bowen Basin of Queensland.

If Riversdale is any guide, evolving into a multi-billion dollar valued company, Mozambi offers investors a potentially exciting future.


Profile

Mozambi Coal (ASX: MOZ) is focused on coal exploration in the highly prospective Zambeze Coal Basin in Mozambique.

The company has a significant exploration position within the country, with three projects over 600 square kilometres, with a combined Target Mineralisation of between 4.96 – 6.19 billion tonnes of coking and thermal coal. "

[Popeye82]

Mining Summary - LC - Nov 8, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Astra Resources PLC arrives on the Frankfurt Stock Exchange - PAI - Sep 30, 2011
www.proactiveinvestors.com.au/companies/news/20252/astra-res…

"Diversified mining company Astra Resources PLC (Code: 9AR), which is the UK parent company of Astra Mining, listed on the Frankfurt Stock Exchange today at €1.50.


Astra is firmly focussed on China and India, with the company's primary aim to satisfy the expanding resource demands of these massive urbanising nations.

Astra will look to secure the supply chain of the raw materials related to the steel industry, including iron ore, coal, gold and other raw materials.

The company is also strategically positioned to capitalise on delivering efficiencies from the steel making process, a high demand sector in both these markets.

These steel efficiencies are driven by T-Steel, Astra's flagship asset, with the company holding a 45% interest in T-Steel along with full management and operational control over the technology.

T-Steel is a patented technology that has been proven to substantially reduce the cost of production, and to significantly strengthen produced steel.

The high value intellectual property in T-Steel has been valued at €4.47 billion on a NPV basis (around A$6.18 billion) by a Top 4 accounting firm and is on the verge of large scale commercialisation.

T-Steel has a strong commercial record (under various code names) in Europe. This has immediate effect in China and India, with both countries able to increase the strength of steel per capita from existing operations, reducing the need for new steel plants.


Frankfurt listing a major step forward

Astra chief executive officer Dr Jaydeep Biswas said the listing on the Frankfurt Stock Exchange is a major step forward for the company.

“After meeting the requirements of the Deutsche Börse, our listing will enable Astra to raise capital to expand our projects internationally.

“This listing is a major milestone for the company and something we have been working hard towards achieving.

“The Frankfurt Stock Exchange is one of the world's largest trading exchanges and provides access to global capital markets, so all these factors make it an attractive option to become a publicly listed company on this exchange.”


Prospectus pending

Astra will prepare a prospectus in the coming months, with the company in negotiations with Minevest USA to underwrite the capital raising of around €1 billion through their own network and associated international banks.

Astra managing director Silvana De Cianni says the minimum issue price of the prospectus as advised by Minevest could be €1.50, but potentially higher.

“Between now and issuing our prospectus, we will be raising equity capital by placing company-owned treasury stock and allocations to stockbroking firms.

“We have a number of projects at various stages of development, including our 45 per cent stake in the revolutionary T-Steel, so capital raised will go directly towards progressing these ventures.

“Through our listing and ongoing capital raising we expect Astra Resources to become a major player on the global resources stage in a short amount of time.”

Astra Resources' global portfolio includes gold and copper interests in Southeast Asia, coal mines in Africa, iron ore in India, and the production of the high-strength T-Steel technology in Hungary.


Profile

Astra Mining’s UK entity, Astra Resources PLC (FRA: 9AR), was listed on the Frankfurt Stock Exchange in September 2011. The primary focus of Astra is to satisfy the expanding resource demands of the world’s largest urbanising nations, principally China and India, through the acquisition of an advanced steel technology known as T-Steel.

Astra aims to secure the supply chain of raw materials integral to steel making, including coking and thermal coal and iron ore, whilst diversifying into other commodities such as gold. In addition to its mining projects, Astra also has other high value ancillary projects including a resources industry based housing development and renewable energy projects. "



Astra Resources signs MOU on world scale iron sands development, in the Philippines; 3rd party reports including geological studies from CRCDC show that the area is an established producing region exporting to nearby steel manufacturing markets such as China, Korea +Taiwan; Jaydeep Biswas: "The geological studies +extensive sampling further suggest that @dredging depths of 14 metres, well >9 billion tonnes of iron sands, are available in the delta +adjacent areas with iron contents between 27 +59% Fe, with an average of 46% Fe “ joint venture will start dredging a small part of this area under the MOA +extend when the MPSA is granted. The magnetite sands need to be washed +separated +production of 60% plus Fe sands for export is expected to result from 30 to 60% recovery rates of dredged sands depending on the layers to be dredged"; joint venture would give Astra a super-majority in terms of profit share interests +is dependent on Astra providing bond finance facilities to finance the development +operation, Astra Managing Director Silvana De Cianni says the finance requirement to bring the project to fruition is low given its scale; Silvana De Cianni: "The opportunity fits with Astra’s business model which focuses on the steel value chain, low infrastructure +logistics investment, low extraction costs, proximity to markets, licenses to operate being imminent +to revenues being defined. The operation would be fully mechanised supported by commercial dredging equipment +suction +discharge to barges. The external reports also advise that the separation technology is developed, proven +patented in Taiwan. This would be a fast-track entry into mining in the Philippines with future opportunities to develop assets in manganese, gold +copper" - Oct 13, 2011
www.newsmaker.com.au/news/12166



Astra sign MOU for thermal coal site in Nigeria - Oct 21, 2011
www.ideamarketers.com/?jaydeep_biswas&articleid=2664958

[Popeye82]

Energy Lending Shows Growth in Renewables; almost a quarter of World Bank's energy lending - WB - Nov11

+ Renewable energy a growing share of World Bank lending

+ World Bank endorses UN sustainable energy goals

+ Policy incentives, financing are key to expanding access &clean energy
http://climatechange.worldbank.org/content/world-bank-renewa…

[Popeye82]

Eden Energy targets early ´12 cash flows from carbon product commercialisation - PAI - Sep 28, 2011

- J. Phillips -
www.proactiveinvestors.com.au/companies/news/20132/eden-ener…
www.stocknessmonster.com/news-item?S=EDE&E=ASX&N=558836
www.stocknessmonster.com/news-item?S=EDE&E=ASX&N=565128

"Eden Energy (ASX: EDE) continues to make progress in the development of nano-carbon products for commercial use, and has delivered a positive update to the market today.


Eden has already completed three initial carbon sales with a battery manufacturer, but the opportunities extend well past this market.

The significance of Eden's carbon products has seemingly limitless potential, with applications including making concrete stronger - which immediately equates to major cost reductions for concrete users, as potentially a reduced amount can be used to deliver the same outcome.

Gregory Solomon, executive chairman, told Proactive Investors today that the company is already in discussions with a global concrete group.

"By the end of 2011 we are hoping to have positive results in relation to concrete."

This provides the enticing possibility that Eden can achieve early cash flows in 2012 if the results from the testing align with the expectations of the global concrete group, and an agreement transpires.

Test work on concrete applications takes around a month, and is currently being carried out by the Hythane Company team in Colorado, as well as in India and Australia, under both industry and academic collaborations.

Providing another boost towards the potential future use of carbon produced by Eden is the unique scalability of production.

Solomon said that Eden had the ability to ramp up to almost any quantity the company requires , due to the technology being modular.


More carbon allocations boost future commercialisation opportunities

Eden has also received some positive results from the company's technology for conductive coatings for electronic equipment, which prevents anti-static discharge.

During the past two weeks, in response to a request from a plastics manufacturer, Eden has also shipped to the manufacturer a significant sized sample that is now being trialled in their conductive thermoplastic product lines.

If acceptable, it is hoped that this could lead to a potential multi-tonne/year customer of our carbon nano-materials.

Better still, Eden has also identified a number of other potential multi-tonne/year customers that make conductive epoxies, coatings, and inks, with samples already being dispatched to interested companies for trialling.

It appears that the conductive polymer industry is currently the largest commercial consumer of carbon nano-tubes.

Eden said that its products are also currently being tested in relation to their suitability for use in lithium ion batteries, and are expecting to see a significant increase in the longevity of the li-ion cell with the addition of the company's carbon nano-products .


Rubber applications

Adding another potential product string to the Eden bow is the latest tests on carbon-impregnated rubber. Results are forecast to be received form these tests in around a month.

Eden said that while the company cannot be certain of achieving positive results, previous testing by others has produced some good results.


Repeat business orders validate products

Importantly for the development of Eden, is repeat orders have been received - validating the company's product use by manufacturers.

Although these sales quantities have been modest, which does not yet deliver a significant commercial value, the sales at least confirm the technical quality and suitability of the carbon nano-products for a wide range of applications.


Profile

Eden Energy (ASX: EDE) has interests in hydrogen production, storage & transport fuel systems, including the low emission Hythane hydrogen-methane blend, coal seam & abandoned mine methane in the UK, conventional gas in SA, low temperature pyrolysis research into hydrogen production & geothermal energy production.

A non-binding term sheet has been signed with Eden’s UK/Wales gas joint venture partner, Coastal Oil & Gas, to merge and publically list their UK/Wales coal bed methane, conventional gas and shale gas interests which cover a total area of around 500,000 acres. "

[Popeye82]

CAMAC Energy - Signs Heads of Agreement to Acquire Avana Petroleum; primary asset is a 25% participating interest in an ~15,000 km2(3.7 million acre) shallow water exploration area in the Seychelles Islands operated by its partner East Africa Exploration, a wholly owned subsidiary of Afren Plc(“Afren”), acreage is independently estimated to contain 464 million barrels of oil equivalent of gross prospective resources, &Afren plans to drill its 1st exploration well in ´12 - Nov 7, 2011
http://finance.yahoo.com/news/CAMAC-Energy-Signs-Heads-of-bw…

[Popeye82]

Uranex Songea Coal Project Update - AI - 8-Nov-2011
www.australianinvestor.com.au/news.asp?id=42043
www.stocknessmonster.com/news-item?S=UNX&E=ASX&N=364352

"Australian based Uranex Limited (ASX: UNX) has further confirmed the presence of coal within the Lumecha Coalfield, (“Lumecha”), part of its 100% owned Songea Coal Project, located in Southern Tanzania with results from the third and fourth holes drilled intersecting several coal seams.

The third and fourth drill holes from the maiden program, consisting of a planned 20 RC and diamond drill holes, have returned intercepts of visually identified coal. The results continue to confirm an interpreted down dip extension of outcropping coal identified near the licence boundary.

Further coal drilling results will be reported as they become available with the current drill program expected to be completed in early December. "

[Popeye82]

Berlusconi zum Rücktritt bereit; Staatspräsident: Rücktritt soll nach Annahme von Reformen folgen - DPA, ROM - Nov 8, 2011
http://web.de/magazine/nachrichten/ausland/14095634-berlusco…

[Popeye82]

IAEA: Iran arbeitete an Atomwaffen; Der Iran hat nach Erkenntnissen der Internationalen Atomenergiebehörde IAEA auf jeden Fall bis zum vergangenen Jahr an der Entwicklung einer Atombombe gearbeitet - DPA, WIEN - Nov 8, 2011
http://web.de/magazine/nachrichten/ausland/14098080-iaea-ira…

"Der Behörde liege eine Reihe von Hinweisen vor, dass das islamische Land bis 2010 verschiedene Projekte und Experimente zur Entwicklung eines atomaren Sprengkopfes durchführte, heißt es im neuesten Iran-Bericht der IAEA vom Dienstag, der der Nachrichtenagentur dpa in Wien vorliegt.


Das Papier enthält die bisher eindeutigsten Aussagen der IAEA zur Existenz eines Atomwaffenprogramms des Iran. "Die Informationen weisen darauf hin, dass der Iran Arbeiten zur Entwicklung eines nuklearen Sprengkörpers durchgeführt hat", erklärt IAEA-Chef Yukia Amano in dem Bericht. Dem Bericht zufolge könnte ein Teil der Arbeiten andauern.

Israel hat zunächst nicht offiziell auf den IAEA-Bericht reagiert. Mark Regev, ein Sprecher des israelischen Ministerpräsidenten Benjamin Netanjahu, sagte am Dienstagabend, es werde keine "automatische Reaktion" geben. Israel müsse den Bericht erst studieren.

Der Bericht war diesmal mit besonderer Spannung erwartet worden. In israelischen Medienberichten war über einen möglichen Militärschlag gegen iranische Atomanlagen spekuliert worden, sollte es neue Hinweise auf ein Atomwaffenprogramm geben. Israels Verteidigungsminister Ehud Barak hatte sich am Dienstag aber bemüht, Sorgen vor einem unmittelbar bevorstehenden Krieg mit dem Iran zu zerstreuen. "Ein Krieg ist kein Picknick, und wir wollen keinen Krieg", sagte Barak dem israelischen Rundfunk. Israel habe sich noch nicht für einen militärischen Einsatz entschieden. "

[Popeye82]

Deutschland plant Rohstoffpakt: Kampf um Seltene Erden ; Kokskohle, Wolfram, Seltene Erden: Deutschlands Industrie braucht jede Menge Rohstoffe &übt deshalb den Schulterschluss. Ein gemeinsames Engagement soll laut BDI die Kräfte im immer härter werdenden Kampf um die Ressourcen bündeln. Mehrere Dax-Konzerne mischen mit - NTV - Sep 21, 2011
ww.n-tv.de/wirtschaft/Kampf-um-Seltene-Erden-article4359686.…

[Popeye82]

Sable Mining Africa - Major Iron Ore Targets Defined in Liberia; Company's Liberian iron ore assets are located in the highly prospective West African Shield in Liberia, where a number of world class iron ore projects are currently being developed; Andrew Groves: "Taken together, the anomalies identified across the licences by this latest geophysical survey point to a significant iron ore asset lying within easy reach of existing infrastructure. The sub-region of Liberia, Sierra Leone, Guinea +the Ivory Coast hosts several multi-billion tonne iron ore assets that are currently under exploration +development. Upon the completion of our exploration campaign, we are confident that our licences will add to the list of world class assets in the region. With this in mind we look forward to commencing Phase1 of our drilling programme in November as we continue to advance our Liberian assets through the development cycle" - Oct 3, 2011

HL:

+ 12 highly prospective targets with major magnetic signatures identified across three licences totalling 1,189.13km2 in Liberia

- Timbo - Two iron ore exploration targets with combined strike length of 22km

- Bopolu - Four iron ore exploration targets with combined 17km strike length

- Kpo - Six iron ore exploration targets with 57km combined strike length


+ 13,260 line km high resolution airborne geophysical survey(aeromagnetics +radiometrics) completed

+ Geophysical signatures identified, reflecting presence of major magnetic anomalies across surveyed areas which mirror historically itabirite iron formations

+ 34 hole, 12,000m Phase1 drilling programme to commence in November

+ 25 of the holes totalling 8,000m are planned @Timbo North where 11km strike coincides with a prominent ridge ...
www.sablemining.com/News/RNS/Major%20Iron%20Ore%20Targets%20…



Coal Update; Initial modelling of the main six seams falling within these initial data boundaries suggest in-situ tonnages approaching 550 million tonnes of coal, potential tonnage contained within the three opencast blocks shown, are expected by the Company's geologists to >1 billion tonnes which is reflected in historical estimates - Oct 5, 2011
www.sablemining.com/News/RNS/Coal%20Update%2005.10.11.pdf

[Popeye82]

Australia introduces iron-ore, coal profits tax to Parliament - MW, PERTH - Nov 2, 2011

- E. Swanepoel -
www.miningweekly.com/article/australia-introduces-iron-ore-c…

"Australia’s mineral resources rent tax (MRRT) legislation was placed before the lower house of Parliament on Wednesday, marking an “important step” in the government’s plan to lock in the benefits of the mining boom, Resources Minister Martin Ferguson said on Wednesday.


“This is an historic reform that will broaden and strengthen the entire economy, and ensure all Australians share in the benefits of the boom,” he said.

If passed through Parliament, the MRRT would levy a 30% tax on iron-ore and coal resource profits above A$50-million from July 1 next year.

The federal government estimates that the tax will accumulate some A$10.5-billion in cash in the first two years; however, global resource intelligence firm Intierra believes that the MRRT will face an A$8-billion shortfall, only raising around A$2.5-billion in the first two years.

“Australians know how important the mining industry is, but they also know that we can only dig up and sell the resources once. The MRRT will help those parts of our economy that aren't in the mining boom fast lane,” said Ferguson.

He said mining continued to power ahead in full knowledge of the MRRT. “Mining companies generated massive profits of A$92.8-billion in the year to June and have plans to invest A$430-billion to further grow their industry.

“The MRRT is central to the government's plan to spread the benefits of the mining boom to more Australians and lock in the gains for generations to come,” the Minister added.

Meanwhile, the Western Australian Chamber of Minerals and Energy (CME) said that it would maintain its “strong preference” for the retention of the current state royalty regime, with revenues going directly to the state.

CME CEO Reg Howard-Smith said that the MRRT had not been a genuine taxation reform process.

“Industry supports genuine reform of the Australian taxation system to provide for an efficient and effective tax regime but the MRRT places an additional burden on the sector and weakens the ability of Australian projects to compete on the international stage,” Howard-Smith said.

“While Australia is a significant exporter of minerals, we do not dominate any of the major markets – including iron-ore, where we represent just over one-fifth of world production.

“We are competing with other countries for investment and the MRRT compromises our sector’s ability to compete on the international stage.”

Howard-Smith said that both the carbon tax and the MRRT dampened enthusiasm in Australian resources at a time when faltering global economies meant that the country should be doing everything it could to boost its strongest performing sector.

CME also remained concerned about the impact the tax would have on Western Australia’s emerging magnetite iron-ore industry.

“In its raw form, magnetite ore is a low-value product that only becomes an exportable commodity after heavy processing,” Howard-Smith said.

Iron-ore miner Fortescue Metals, which has been vehemently opposed to the introduction of the MRRT since the concept was launched a year ago, on Wednesday called on federal Parliamentarians to realise the “rank unfairness and failures” of the MRRT.

Chairperson Andrew Forrest said that the company was an example of the unfairness of the MRRT, as it would be paying less tax than its junior counterparts.

“We cannot have an unfair tax,” Forrest said.

“Being ill-conceived, poorly negotiated by government and finalised in a shroud of secrecy and exclusivity with the world’s biggest mining companies, this tax is unfair and a penalty on smaller mining companies.”

He noted that the current structure of the MRRT allowed the largest mining companies a deduction on their overall MRRT tax liability, based on either the book value or market value of their relevant coal and iron-ore assets as at May 2, 2010.

These deductions were not available to smaller or intending producers, which were now instantly less competitive against the larger miners.

“Mining is the backbone of the Australian economy, which this tax will hurt. If it has to come, there has to be tax equality between all companies. If the tax cannot be overturned, then amendments must be introduced to at least make it fair,” Forrest said.


NEW OPPOSITION

Meanwhile, a new lobby group unrelated to the mining industry, called Eureka 2011, has been formed in an effort to pressure the Julia Gillard government to put the MRRT on hold until it could be subjected to a more “coherent” planning and review process.

Chairperson of the lobby group, Peter Ellery, said on Wednesday that the ’Stop the Mining Tax’ campaign had been set up to bring a grassroots voice to the argument against the MRRT.

“It’s very easy for the government to dismiss the arguments of the mining industry itself as being rooted in self interest.

“However, many Australians with no direct connection to mining believe this is the worst possible time to be putting a brake on the performance of the main driver of our economy, and it’s those people whose views we will be putting to government,” he said.

Ellery said the campaign would convey to the government widespread public misgivings about the “secretive” way in which the proposed tax was hatched, and the fact that it appeared to be an “opportunistic money grab rather than a part of the promised comprehensive review of the Australian taxation system”.

“It’s a bad tax, cobbled together in haste and secrecy, which will be damaging to the mining sector, very difficult to administer and unlikely to meet Treasury’s optimistic revenue predictions. In the process it will hamper the growth of emerging iron-ore and coal miners, drive investment capital offshore and throw a dark shadow over Australia’s sovereign risk reputation,” he said.

Eureka 2011 would be contacting every Parliamentary member and has submitted an open letter to Prime Minister Gillard and Treasurer Wayne Swan, citing that the tax was ill-conceived, unfair, discriminatory and inefficient.

The MRRT legislative package, which includes an extension the Petroleum Resources Rent Tax and changes to the company tax rate would be referred to the House of Representatives Economics Committee, which is to report back by November 21.

The government was aiming to have the package passed by the lower house by the end of the year. Passage of the legislation was dependent on support from the key independents, which has not yet been secured.

It was thought that Independents Andrew Wilkie and Rob Oakeshott were seeking protection for smaller mining companies, which they said were being unfairly treated in terms of the asset write-downs that have been agreed upon, while Tony Windsor has flatly refused to support the tax unless there were changes to how water is managed in the coal seam gas industry.


Edited by: Mariaan Webb "

[Popeye82]

Coventry Resources - Resource Upgrade for the Cameron Gold Deposit - Nov 9, 2011

HL:

+ Measured, Indicated +Inferred resource estimate at the Cameron Gold Deposit upgraded to: 19.4 Mt @2.24 g/t gold for 1.40 Moz of gold1

+ Substantial, robust, shallow component of this resource base is expected to be amenable to open pit mining. Within 300 metres of surface the shallow resources now comprise: 8.1 Mt @2.50 g/t gold for 653,100oz of gold1

+ Very high confidence in the robustness of the shallow resources, with >81% of the gold resources within 300 metres of surface now classified as “Measured” +“Indicated”1. ...

+ New resource estimate to be utilised in a pre-feasibility study, which will commence immediately, to confirm the economic viability of developing the Cameron Gold Deposit.

+ Mineralisation @the Cameron Gold Deposit remains open along strike to the north +@depth, providing considerable potential to continue to expand the resource base.

+ >20 other underexplored gold prospects +occurrences @the Cameron Gold Project provide additional exploration potential.

+ Follow-up drilling program to continue to expand on the resource base to commence within weeks. ...
www.stocknessmonster.com/news-item?S=CVY&E=ASX&N=565950

[Popeye82]

Venture Minerals - Feasibility Drilling Hits up to 48m @0.8%, 30m @0.9% +68m @0.6% tin Tin Equivalent; new resource estimate expected over the coming months; With drilling now complete the Company will continue to advance all other aspects of the current Bankable Feasibility Study(“BFS”) including detailed studies in metallurgy, geotechnical, hydrological, environmental, mine design +infrastructure +logistics, BFS is on schedule +due for completion in the 1st half of ´12 - Nov 9, 2011
www.stocknessmonster.com/news-item?S=VMS&E=ASX&N=565903

[Popeye82]

Functional Technologies - Enters Evaluation Agreement With a leading European Confectionary Producer, Adding to Other Collaborative Activities; This agreement adds to several other existing collaborative +testing relationships with top-tiered multinational producers of food products that span several sectors in major regions of the world . Various companies operating in both traditional +non-traditional(i.e. non-bread) baker's yeast markets such as baked goods, biscuits, snack foods, pasta-based foods or sweet &savoury foods have already engaged Functional Technologies to test its proprietary AP yeast strains in a variety of products. Several additional companies are in discussions with management to begin the same over the next few months. These companies typically represent thought leaders in their respective sectors , +are dominant in North America, Europe, +/or Asia . Cumulatively, these collaborations speak to Functional Technologies' strategic cultivation of working +potentially commercial relationships with end-users of its proprietary yeasts to drive new market opportunities; In recognition of the opportunities associated with these efforts, one top-tiered multinational yeast producer has manufactured +provided to Functional Technologies free of charge , 1,500 kg of one of the Company's AP yeast strains for use in evaluation trials, alleviating in part the cost associated with conducting such studies; H. Louie: "We are pleased the attractiveness of our proprietary platform solution to prevent +mitigate acrylamide in a variety of foods continues to be validated, as multinational food companies seek to remain competitive in the global marketplace by addressing the health +liability associations with this chemical. It is a pleasure +privilege for our management +technical teams to work with sector-leading companies, +to continue to establish the efficacy, commercial protocols +thereby commercial appeal of our AP yeasts" - Nov 9, 2011
www.marketwire.com/press-release/functional-technologies-ent…

[Popeye82]

African Eagle Resources Plc - IFC investment in African Eagle - Nov 9, 2011
www.africaneagle.co.uk/n/news_display.asp?Id=201111/1562142

[Popeye82]

The 50 Hottest Companies in Bioenergy ´11/12: The List; Solazyme ranked #1, Renewable oils manufacturer regains crown, edges Amyris, Gevo in Hot 50, as hot IPOs dominate, gasification advances - BD - Nov 9, 2011

- J. Lane -
http://biofuelsdigest.com/bdigest/2011/11/09/solazyme-ranked…
http://biofuelsdigest.com/bdigest/2011/11/09/50-hottest-comp…

[Popeye82]

45-Jährige erwartet 20. Kind - W - Nov 9, 2011
http://web.de/magazine/gesundheit/kind/14104984-45-jaehrige-…

[Popeye82]

Treasury Metals - Announces New Resource Estimate, @Goliath Gold Project: Indicated Resource Increases By >200%; new Total: 1.710.000Oz AuEquiv @~2.1g/t I/I; M. Walter: "This successful conversion of upgrading the Inferred resources to Indicated categories confirms the continuity of the gold shoots within the deposit +significantly decreases the risks of the project's future development. The significant increase of the overall resource to 1.7 million ounces of gold confirms the longevity of our flagship project located in Dryden, Ontario. The 48 km2 Goliath Gold Project is a newly discovered gold resource located in an area with excellent infrastructure" - Nov 9, 2011
www.marketwire.com/press-release/treasury-metals-announces-n…

[Popeye82]

Kootenay Gold - Promontorio Drilling Hits 83 meters of 166 gpt Silver Equivalent(58.2 Ag, 2.52% Pb +Zn) Including 329 gpt Silver Equivalent Over 6 Meters(111 gpt Ag, 5.11% Pb +Zn) in Step Out Drilling Extending 100 Meters Down Dip +Along Strike in Southwest Zone - Nov 9, 2011
http://finance.yahoo.com/news/Promontorio-Drilling-Hits-83-c…

[Popeye82]

Sheffield Resources - 1Mt Contained HM Inferred Resource, @Ellengail, Overburden varies from 0 to 15m; Bruce McQuitty: "The Ellengail resource is an important milestone in Sheffield’s near-term strategy to build a significant mineral sands resource base in the North Perth Basin. We have a large pipeline of mineral sand projects queued for exploration &evaluation work. The West Mine North deposit, located just 3km south of Ellengail, is scheduled for resource estimation work next, followed by the large McCalls deposit" - Oct 25, 2011

HL:

+ Inferred Resource of 46.45 million tonnes(Mt) @2.2% of heavy mineral(HM),containing 1.040Mt HM estimated for the Ellengail project

+ Includes a high grade core of 11.25Mt at5.0% HM containing 560,000t HM(Inferred)

+ Ellengail has a high value mineral assemblage: 8.9% zircon, 8.7% rutile, 63.5% ilmenite &1.9% leucoxene

+ Sheffield’s resource inventory boosted to 2.88Mt contained HM, including 305,000t zircon &216,000t rutile ...
www.stocknessmonster.com/news-item?S=SFX&E=ASX&N=562847



West Mine North Mineral Resource Estimate, exceeds expectations; B. McQuitty: "Sheffield now has a compelling opportunity for early development of West Mine North, given the high confidence resource categories &its location on granted mining leases. We will investigate this opportunity in conjunction with scoping studies being undertaken on our nearby Ellengail &Yandanooka projects" - Nov 7, 2011

HL:

+ Total Mineral Resource of 42.58 million tonnes(Mt) @2.8% heavy mineral(HM) (Measured &Indicated), containing 1.2Mt HM estimated @West Mine North

+ Includes a high-grade component of 10.09Mt @7.7% HM containing 779,000t of HM(Measured &Indicated)

+ Valuable heavy mineral(VHM) assemblage: 7.9% zircon, 10.1% rutile, 59.2% ilmenite &6.4% leucoxene

+ Sheffield’s resource inventory increased by 36% to >4Mt of contained HM, including 394,000t of zircon &336,000t of rutile ...
www.stocknessmonster.com/news-item?S=SFX&E=ASX&N=565584





Large Exploration Target, @Dampier Zircon Project; project is well located with respect to infrastructure including the Great Northern Highway &the port of Derby, &falls outside the recently outlined Kimberley Heritage areas; McQuitty: "Dampier has the makings of a tier one zircon project &could become a flagship project for Sheffield. Since pegging the Dampier exploration licence in December ´10, zircon prices have almost trebled from $900/t to current levels of ~$2,600/t. This is a terrific value adding acquisition for Sheffield &credit is due to our team for seizing the opportunity"; anticipates drilling will be undertaken in Q2 ´12 - Nov 8, 2011

HL:

+ Exploration Target1 of 450 -850Mt @5–10% HM for Thunderbird prospect

+ Rio Tinto’s prior exploration indicates an average of 7.9% HM, with an average of 8% zircon in the heavy mineral assemblage

+ This equates to an average in situ zircon grade of 0.63%2 which places Dampier amongst the top tier of zircon exploration projects ...
www.stocknessmonster.com/news-item?S=SFX&E=ASX&N=565750
www.stocknessmonster.com/news-item?S=SFX&E=ASX&N=565769

[Popeye82]

Muss Berlusconi nach Rücktritt in den Knast? ; Amt +Immunität adé: Dem "Cavaliere" drohen Strafen - DPA, ROM - Nov 9, 2011
http://web.de/magazine/nachrichten/ausland/14107426-droht-be…

[Popeye82]

Ampella Mining - Konkera Resource hits 3.1Million Ounces of Gold; Largest Single Undeveloped Resource in Burkina Faso* ; Pre-Feasibility Study due for completion by the end of Q1 ´12 - Nov 10, 2011

HL:

+ Independent Mineral Resource update for the Konkera Prospect prepared in accordance with the JORC(´04) Code @Ampella’s 100% owned Batie West Project comprises:

- Indicated Resource –30.0 million tonnes @1.6 g/t gold for 1.5 million ounces gold
- Inferred Resource –31.8 million tonnes at1.5 g/t gold for 1.6 million ounces gold
- Global Resource estimate for the Konkera Prospect of 61.8 million tonnes @1.6 g/t gold for 3.1 million ounces gold(0.5 g/t gold cut-off)


+ Substantial scope for future resource increase as mineralisation extends >4.9 kilometres but remains open @depth +along strike

+ The significant size of the Konkera Resource, which comes to surface, demonstrates its potential for a large tonnage long-life open pit gold project with additional underground potential

+ The high grade component contains 13.9 Mt @2.9 g/t gold for 1.3 million ounces(2.0 g/t gold cut-off) +highlights underground potential @Konkera

+ The Resource estimate will be incorporated into the Pre-Feasibility Study mine plan scheduled for completion @the end of Q1 ´12

+ The new Konkera Resource (@1 g/t gold cut-off) now represents Burkina Faso’s largest single undeveloped gold resource

+ Konkera Resource is the 1st resource identified within the 110 kilometre long shear zone @Batie West

+ Strong cash position of $27.7M as @30 September ´11 ...
www.stocknessmonster.com/news-item?S=AMX&E=ASX&N=566092

[Popeye82]

Siburan Resources - signs MOU with with Hunan Province Zhonghe Mining Industry Development Co., Ltd(“HPZ”), a wholly owned company of the Nuclear Industry Bureau of Hunan Province, a China State Government enterprise - Nov 10, 2011
www.stocknessmonster.com/news-item?S=SBU&E=ASX&N=566115

[Popeye82]

Mining Summary - LC - Nov 9, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Castle Resources - Continues to Intersect High-Grade Copper Across a 1.2 km Strike Length, @the Granduc Copper Project; GD11-33 Intersects 15 Meters of 1.91% Cu &GD11-39 Intersects 18 Meters of 1.58% Cu Beneath Granduc Mine Workings on the Main Zone; New Granduc Assay Results Currently Being Entered Into an Updated NI 43-101 Resource Estimate To Be Published January ´12 - Nov 10, 2011
www.marketwire.com/press-release/castle-resources-continues-…

[Popeye82]

Hathor Exploration - Releases New Assay Results, for the Far East Zone @Roughrider; drills up to 49m @2.22% U3O8[ - Nov 10, 2011/b]
www.marketwire.com/press-release/hathor-releases-new-assay-r…

[Popeye82]

What's coming up over the next month of interest... -A complete list of AGM's, Conferences &Events plus Floats &IPO's all resource based - BIR - Nov 10, 2011
www.vision6.com.au/download/files/18587/1490820/What_s%20com…

[Popeye82]

Breakaway believes Apollo could make it to the Moon ; Apollo Minerals is a predominantly iron ore-focused exploration company, with large strategic acreage positions in two of Australia's highly prospective yet relatively under-explored provinces in Western Australian +South Australia. Considerable exploration progress is now being made - BIR - Nov 3, 2011

+ Consolidation of position in key iron ore +base metals districts in both Western Australian +South Australian

+ Major infrastructure enhancements in Western Australia +South Australia enhance prospects for iron ore development

+ Mount Oscar drilling +metallurgical test-work provides encouraging results that will assist initial JORC resource estimation

+ Favourable outcome from the Federal Governments “Hawke Report” on the Woomera Defence Area enables exploration access

+ The Commonwealth Hill project area +wider region remain under-explored due to historic access impediments

+ Review of historic exploration @Commonwealth Hill confirms strong potential for direct-shipping +magnetite iron ore ...
www.vision6.com.au/download/files/18587/1490821/Apollo%20Min…

[Popeye82]

Advanced Explorations - Hall Beach Community Supports Advanced Explorations' Roche Bay Iron Project - Nov 9, 2011
www.marketwire.com/press-release/hall-beach-community-suppor…

[Popeye82]

Automotive Technology Group - says today that its low emission, high fuel efficiency Sprintex(R) supercharger products have won two Global Media Awards last week, @the Specialty Equipment Market Association Las Vegas Show, the world's premier +largest automotive aftermarket event ;Sprintex(R) competed against >2,000 entries to win the awards, confirming the industry's approval for Sprintex(R) designs +products, >100 new dealers have expressed interest in selling Sprintex(R) products - Nov 10, 2011
www.stocknessmonster.com/news-item?S=ATJ&E=ASX&N=566080

[Popeye82]

Bluechiip - Signs Agreement with Corning, the world leader in specialty glass +ceramics , for Corning Life Sciences Division to Evaluate Bluechiip’s Tracking Solution; Brett Schwarz: "“We are very pleased that Corning has agreed to evaluate our unique tracking solution. Corning is the 3rd significant US company which has chosen to conduct such trials. Such trials give us great confidence that we are getting very close to commercialization. Corning is a world leader in its field, +its willingness to evaluate our tracking solution is further valuable validation of our company’s IP. We are pleased that Corning is interested in evaluating our technology. Our objective is to explore opportunities with Corning to bring our innovative bluechiip® tracking solution to market as a premium product within Corning’s wide range of product lines. We believe this represents a lucrative opportunity for both Bluechiip +Corning. Interest from companies such as Corning +ATCC demonstrate that Bluechiip is working with key commercial parties aiming to progress swiftly to commercial sales. Our aim is to conduct a proof-of-concept pilot in the coming months +launch product in early ´12, with the intention to take purchase orders shortly thereafter" - Nov 11, 2011

+ Evaluation +pilot agreement signed between Bluechiip +Corning allowing Corning Life Sciences to evaluate Bluechiip’s ground-breaking tracking solution

+ 3rd such agreement Bluechiip has signed with major US organizations in recent weeks ...
www.stocknessmonster.com/news-item?S=BCT&E=ASX&N=364613

[Popeye82]

Antwort auf Beitrag Nr.: 42.334.579 von Popeye82 am 11.11.11 02:05:52

Bluechiip Signs Collaboration Agreement with ATCC, World-Leading Biological Materials Resource +Standards Organisation - Nov 8, 2011
www.stocknessmonster.com/news-item?S=BCT&E=ASX&N=364349

[Popeye82]

Excelsior Mining - Metallurgy Results Support In-Situ Recovery, @Excelsior's Gunnison Project; S. Twyerould: "We are very pleased that the results from the recent test work confirm our view that the recovery rate +acid consumptions are favorable for ISR mining of the North Star deposit. These results, as well as the encouraging hydrological testing completed last month, will be used to complete our Preliminary Economic Assessment expected later this year" - Nov 9, 2011
www.marketwire.com/press-release/metallurgy-results-support-…

[Popeye82]

West African Iron Ore - phaseI drilling continues to intersect high grade iron ore mineralization with potential Direct Shipping Ore(DSO), within iron-enriched cap across portion of Sambalama, mineralisation starts @surface +ends @depths which to date do not exceed 130 meters; Due to the highly friable nature of the oxidised zone, recovery of the near-surface iron-enriched cap has been poor on all diamond holes however; results from the reverse circulation drilling provided significantly better recoveries; Guy Duport: "We are committed to an accelerated exploration program based on these encouraging phase resultsI. Further analyses are expected to confirm our belief that we have a high-grade project in one of the best locations in Guinea "; As a result of these encouraging results the Company has refocused its efforts along a 9,000 meter magnetic anomaly +plans to complete an 8,000 meter RC hole program by the end of the next quarter. This will provide the Company sufficient data to complete its initial NI 43-101 resource; Company is fully funded to achieve this milestone - Nov 10, 2011
www.newswire.ca/en/story/875722/west-african-iron-ore-corp-p…

[Popeye82]

Brazilian Metals Group - Gema Verde Iron Ore Project: Maiden Half Billion Tonne Resource Estimate; Exploration Target @the Josilene-Scorpion prospect is 2 to 3 billion tonnes @16.2% Fe to 18.5% Fe based on surface mapping +current drilling over 13km strike length with 28 RC holes to date1; goal is to develop a substantial mining enterprise in northern Minas Gerais by establishing a mining, processing +transport operation with the scale to export in excess of 25 million tonnes of premium iron product/annum; Bruce McCracken: "The Gema Verde resource marks the achievement of a key milestone for the Company, +provides the foundation to progress our strategy of developing an iron ore export enterprise in the medium term. When combined with our resource target of 2 to 3 billion tonnes @our Rio Pardo(Josilene-Scorpion prospect) during ´12, we believe we have the basis for a long term export operation of scale. Our next priority is to continue to progress our infrastructure options for our projects - particularly given that the State Government is already progressing plans to provide open access rail spur links to the new Federal east west railway(EF334) in order to expedite the development of the emerging iron ore projects in the Rio Pardo area" - Nov 11, 2011

HL:

+ Gema Verde Iron Ore Project: 458.5 million tonnes @a weighted average grade of 18.0% Fe(14% Fe lower cut-off), reported in accordance with the ´04 JORC Code

+ 50% of the resource is in the Measured category +36% in the Indicated category

+ Low strip ratio for the project expected as mineralisation outcrops @surface +has a gentle dip to the east

+ Resource assessment for Josilene-Scorpion prospect due mid ´12 ...
www.stocknessmonster.com/news-item?S=BMG&E=ASX&N=566233

[Popeye82]

AgriMarine Holdings - Participates in Premier Clark's Trade Mission to China - Nov 10, 2011
www.marketwire.com/press-release/agrimarine-participates-in-…

[Popeye82]

EnWave -&Danisco AS Mutually Discontinue Research &Development ; pilot machine has not yet achieved all project targets &would require some equipment modifications &further testing -resulting in a longer development path - Nov 7, 2011
www.marketwire.com/press-release/enwave-and-danisco-as-mutua…

[Popeye82]

Century Iron Mines - Announces Update on Its Acquisition from Altius Minerals of Labrador Iron Ore Properties; NI 43-101 Milestones for each of the four Projects are as follows: 1 million shares(up to 3 million shares) for each 1 billion tonnes of taconite +1 million shares(up to 5 million shares) for each 33 million tonnes of direct shipping ore(DSO), +for the Grenville property only, 1 million shares(up to 3 million shares) for each 500 million tonnes of meta-taconite(specularite); also anticipated that Century +Altius will enter into a royalty agreement on the Closing Date(the "Royalty Agreement" +together with the Principal Agreement, the "Agreements" ) pursuant to which Century will grant +pay to Altius a 1% to 4% sliding scale gross sales royalty in respect of iron ore produced from the Projects, Company has also agreed to incur aggregate exploration expenditures on the Projects in a minimum amount of $28,000,000 over a five-year period following the Closing Date; upon closing Altius will own ~3.2% I/O shares of the Company - Nov 10, 2011
www.marketwire.com/press-release/century-iron-mines-announce…

[Popeye82]

NGEx Resources - 3rd Quarter ´11 Highlights; planning the most ambitious exploration program in its history - Nov 10, 2011
www.marketwire.com/press-release/ngex-resources-inc-third-qu…

[Popeye82]

"Nacktscanner" wird bewilligt ; 27 EU-Staaten führen Körperscanner ein, Deutschland zögert noch - W/SO - Nov 12, 2011

- Stefanie Bolzen -
http://web.de/magazine/reise/reisetipps/14128734-eu-staaten-…

[Popeye82]

Vettel stellt Pole-Rekord ein ; ´11 bleibt für Champion Sebastian Vettel eine Saison der Superlative: Bei der "Rückkehr des Königs", ein Jahr nach seinem erstmaligen Titelgewinn an gleicher Stelle, sicherte sich der Red-Bull-Pilot heute auf dem Yas-Marina-Circuit in Abu Dhabi seine 14. Pole-Position für das 18. Saisonrennen , Damit stellte er einen 19 Jahre alten Rekord von Nigel Mansell ein ; Historischer Tiefpunkt für Williams - W/MT - Nov 12, 2011
http://web.de/magazine/sport/formel1/14129876-vettel-auf-pol…

[Popeye82]

´11 Global Hunger Index; The challenge of hunger: Taming price spikes +excessive food price volatility - IFPRI/CWW/WHH, BONN/WASHINGTON DC/DUBLIN - Oct11

- Klaus von Grebmer, Maximo Torero, Tolulope Olofinbiyi, Heidi Fritschel, Doris Wiesmann, Yisehac Yohannes, Lilly Schofield +Constanze von Oppeln -


- Foreword

The dogs of hunger are not dead: some are sleeping, others are biting. In mid-´11 a food emergency unfolded in the Horn of Africa. Suddenly pictures of emaciated children were back in the media. Millions of people in East Africa are facing a food crisis caused by a perfect storm of severe drought, food price spikes, +conflict, +exacerbated by the vulnerability of people +communities across the region.

Recent events in the Horn of Africa are a terrible reminder of the vulnerability of millions of poor around the world to weather +other shocks that interrupt their access to food. This humanitarian tragedy highlights two important motivations behind the Global Hunger Index(GHI) – the need for information +the need for action. Addressing the problem of hunger requires information about where +why hunger is occurring. Information will not fill people’s stomachs, but policymakers +national +international agencies need it in order to take steps to ensure that people have access to sufficient +nutritious food. The broader task, though, is to take action to address the root causes of hunger +to reduce poor people’s vulnerability to shocks such as drought +food price spikes in the short, medium, +long term.

The ´11 Global Hunger Index, published jointly by the International Food Policy Research Institute(IFPRI), Concern Worldwide, +Welthungerhilfe, shows that although the world has made some progress in reducing hunger, the proportion of hungry people remains too high. Of course, the absolute number of hungry people remains unacceptably high as well. This is the sixth year that IFPRI has calculated the Global Hunger Index +analyzed this multidimensional measure of global hunger. It is important to note that the GHI scores present country averages: even in countries classified as having “moderate” or “serious” hunger, there can be areas where the situation is “alarming” or “extremely alarming.” Additionally, gains in hunger eradication can be eroded or even washed away by severe shocks, as evidenced by the ´11 food crisis in the Horn of Africa, when underlying vulnerabilities persist +are not adequately addressed. This series of reports records the state of hunger worldwide +country by country, drawing attention to the countries +regions where action is most needed. In this way, the reports support both national +international policy efforts +advocacy work.

This report offers a picture of the past, not the present. The calculation of the GHI is limited by the data collection of governments +international agencies, +up-to-the-minute data on global hunger are simply not available. We hope that governments +international agencies will work together to gather more timely +complete data on hunger worldwide. The report incorporates the most recent data available +thus does not reflect the impact of the latest events. It does, however, identify the countries +regions where hunger is most severe +persistent. Twenty-six countries have levels of hunger that are alarming or extremely alarming. Among the world’s regions, South Asia +Sub-Saharan Africa continue to suffer from the highest levels of hunger. These results represent extreme suffering for millions of poor people.

The ´11 GHI report focuses particular attention on the issue of food price spikes +volatility, which have played a large role in the global food crises of ´07/`08 +´10 /´11. Many poor people already spend large shares of their incomes on food, +surges in food prices leave them unable to pay for the food, healthcare, housing, education, +other goods +services they need. In this report, IFPRI describes the factors that have contributed to the increasing +more volatile food prices of recent years +their effects on poor people in developing countries. Taming food price spikes +volatility will require that we understand the causes +address them appropriately. Concern Worldwide +Welthungerhilfe provide on-the-ground perspectives on the negative impacts of food price increases on poor people in Kenya +Tajikistan +describe the work of their organizations in helping to alleviate these impacts. Based on these research findings +experiences in the field, IFPRI, Concern Worldwide, +Welthungerhilfe propose actions to help prevent +mitigate the effects of high +volatile food prices +increase the resilience of households, communities, countries, +regions.

Recent events in the Horn of Africa remind us of an enduring truth: weather disasters +economic shocks will come, +they will strike the poor +the hungry hardest. But we have already learned a great deal about how to reduce vulnerability +how to work with
people +institutions to effectively tackle poverty. It is time to apply this knowledge on a scale that will overcome hunger for all people.



Summary

This year’s Global Hunger Index(GHI) shows that global hunger has declined since ´90, but not dramatically, +remains @a level characterized as “serious.”

Across regions +countries, GHI scores vary greatly. The highest GHI scores occur in South Asia +Sub-Saharan Africa. South Asia reduced its GHI score substantially between ´90 +´96, but this fast progress could not be maintained. Though Sub-Saharan Africa made less progress than South Asia after ´90, it has caught up since the turn of the millennium.

From the ´90 GHI to the ´11 GHI, 15 countries were able to reduce their scores by 50 percent or more. Nineteen countries moved out of the bottom two categories – “extremely alarming” +“alarming.” In terms of absolute progress, Angola, Bangladesh, Ethiopia, Mozambique, Nicaragua, Niger, +Vietnam saw the largest improvements between the ´90 GHI +the ´11 GHI.

Twenty-six countries still have levels of hunger that are extremely alarming or alarming. The countries with extremely alarming ´11 GHI scores – Burundi, Chad, the Democratic Republic of Congo, +Eritrea – are in Sub-Saharan Africa. Most of the countries with alarming GHI scores are in Sub-Saharan Africa +South Asia. Among the six countries in which the hunger situation worsened, the Democratic Republic of Congo stands out. Its GHI score rose by about 63 percent owing to conflict +political instability.(Because of time lags in the availability of data, the ´11 GHI does not reflect the impacts of the ´10/´11 food price crisis or the ´11 famine in the Horn of Africa.)

Note the GHI is calculated on data collected before the establishment of South Sudan.


In recent years world food markets have been characterized by rising +more volatile prices. This situation has serious implications for poor +hungry people, who have little capacity to adjust to price spikes +apid shifts. Price increases +volatility have arisen for three main reasons: increasing use of food crops for biofuels, extreme weather events +climate change, +increased volume of trading in commodity futures markets. These factors are exacerbated by highly concentrated export markets that leave the world’s staple food importers dependent on just a few countries, a historically low level of grain reserves, +a lack of timely information about the world food system that could help prevent overreaction to moderate shifts in supply +demand. Price increases +price volatility have been shown to cut into poor households’ spending on a range of essential goods +services +to reduce the calories they consume. It can also affect poor people’s nutrition by causing them to shift to cheaper, lowerquality, +less micronutrient-dense foods.

Addressing the problem of food price spikes +excessive volatility requires action to both reduce volatility +buffer the most vulnerable people from the worst effects of higher +more variable prices. It is important to address the drivers of food price volatility +price increases by revising biofuel policies, regulating financial activity on food markets, +adapting to +mitigating climate change. It is also essential to build up food reserves +share information on food markets. To build resilience to changing food prices, it is crucial to strengthen social protection systems, improve emergency preparedness, invest in sustainable small-scale agriculture, improve livelihood opportunities for both the rural +urban poor, +strengthen the provision of basic services such as education, healthcare, +sanitation.



Contents

Summary

Chapter

01 The Concept of the Global Hunger Index
02 Global, Regional, +National Trends
03 Combating Hunger in a World of High +Volatile Food Prices
04 The Impacts of Food Price Spikes +Volatility @Local Levels
05 Policy Recommendations: Taming Price Spikes +Excessive Volatility +Building Resilience to Future Shocks

Appendix

A Data Sources +Calculation of the ´90, ´96, ´01, +´11 Global Hunger Index Scores
B Data Underlying the Calculation of the ´90, ´96, ´01, +`11 Global Hunger Index Scores
C Country Trends for the ´90, ´96, ´01, +`11 Global Hunger Index Scores
D Technical Notes on the Measurement of Excessive Food Price Volatility

Bibliography
Partners ...-
www.ifpri.org/sites/default/files/publications/ghi11.pdf
www.ifpri.org/sites/default/files/publications/ib69.pdf
www.ifpri.org/publication/2011-global-hunger-index

[Popeye82]

Mining Summary - LC - Nov 11, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Affero Mining - Nkout Overall Resource Increased by 41% -to 2 Billion Tonnes; Louis da Silva: "This is the 3rd resource increase of the year @Nkout , demonstrating the speed of the project development, having commenced drilling just 15 months ago . It is a substantial increase in both the magnetite BIF +the potential DSO resource with an increase in grade. Together with the infrastructure scoping study, which we expect to release shortly, this goes further to demonstrating the economic viability of the Nkout iron ore project. Our aggressive drilling campaign continues at pace with further metallurgical test work continuing on the DSO, saprolite +BIF" - Nov 14, 2011

HL:

+ Total Nkout resource increased by 41% to 2.0Bt @32.2% Fe

+ 70% tonnage increase in high-grade, potential direct shipping ore("DSO") to 18.5Mt

+ Corresponding increase in DSO grade from 58.7% Fe total to 60.3% Fe total with an associated drop in SiO2, Al2O3

+ 944Mt of magnetite banded iron formation("BIF") promoted to Indicated category @Nkout Centre, representing 47% of the MRE

+ MRE now covers an 8.9km section of a 20km-long magnetic anomaly

+ Drilling campaign continues to focus on further definition of high-grade zones +adding additional tonnage @depth ...
www.afferro-mining.com/s/NewsReleases.asp?ReportID=490552&_T…

[Popeye82]

Taking on the Three Deficits; America actually faces three deficits—the budget deficit, the trade deficit, &the investment deficit—that, if left unchecked, could total >$41 trillion in the next 10 years - IT &IF - Nov 7, 2011

- Robert D. Atkinson, Val Giddings, Matt Hourihan, Jesse Jenkins, Matthew Stepp &Devon Swezey -

- Abstract:

Federal policymakers are consumed by a debate over how to reduce the nation’s budget deficit, which some argue is critically important to the nation’s economic future. As the President’s National Commission on Fiscal Responsibility &Reform noted in its final report, “America cannot be great if we go broke. Our economy will not grow &our country will not be able to compete without a plan to get this crushing debt burden off our back.” Yet an oftentimes myopic focus on the budget deficit has obscured the fact that America actually faces three deficits—the budget deficit, the trade deficit, &the investment deficit—that, if left unchecked, could total over $41 trillion in the next 10 years. Reducing all three deficits, not just the budget deficit, is critical to future economic prosperity.



Executive Summary:

America faces three cumulative deficits, each of which must be addressed to ensure continued economic prosperity:

The Budget Deficit is the difference between federal revenues &spending. The budget deficit for FY´11 stands @>$1.2 trillion, &the cumulative national debt will reach $10.4 trillion this year. The debt may rise to >$18.3 trillion by ´21, according to Congressional Budget Office(CBO) estimates.

The Trade Deficit is the annual difference between U.S. exports &imports. For years, the United States has imported >than it exports, leading to large &persistent trade deficits. In ´10, the United States generated a $500 billion trade deficit. Since ´75, the United States has accumulated a total trade deficit of $8 trillion, &the cumulative trade deficit could grow to $18 trillion in 10 years. The trade deficit creates a drag on economic growth &represents a hidden tax on future generations of Americans who will have to pay it off by running trade surpluses that stem from expanded exports &/or reduced consumption of goods &services.

The Investment Deficit is the shortfall of investments in scientific research, education, productive infrastructure, &new technologies that are needed to maintain our current standard of living &provide a critical foundation for long-term economic prosperity. These investments drive economic growth by accelerating innovation &boosting productivity, yielding positive returns on investment for the entire economy. Yet public investment in these building blocks of national prosperity has declined for decades , leading to stagnating growth &a widening investment deficit that may increase to >$5 trillion in the next decade.

Overall, America’s three deficits total almost $21 trillion &are projected to grow to >$41 trillion in 10 years. The budget deficit alone makes up <than half of the total combined deficit, &both future economic growth &government revenues are influenced by the magnitude of the trade &investment deficits. Thus, addressing all three growing deficits is critically important to ensuring continued economic prosperity.



- Figure 1: Estimate of America's three deficits in ´11 &´21 projection -



Right Way &the Wrong Way to Close the Three Deficits

The Wrong Way

Most policymakers in the budget debate are ignoring the trade &investment deficits , &as a result risk making all three deficits worse . The predominant approach in Washington is to “put everything on the table” &pursue across-the-board budget cuts to reduce the level of public spending. Such a strategy makes policymakers appear bold in their approach to the national debt, but would actually be counterproductive , since it would simply transfer some financial debt to investment or trade debt . Take, for instance, the impact of a 10 percent cut in funding for research &development spending over the next 10 years. This would nominally reduce the budget deficit by $150 billion over 10 years, but would increase the investment deficit by the same amount. Moreover, it would actually increase the trade deficit as well, by slowing the pace of innovation &making U.S. exporters less competitive. In turn, both factors in turn would reduce economic growth, ultimately leading to a higher budget deficit (see Figure 2 below).



- Figure 2: Estimated net impact on the three deficits of a 10 percent cut(relative to ´10 government investment level) in R&D investments portioned equally over 10 years. See Appendix A for a brief description of our estimation methodology. -



The Right Way

Instead of focusing solely on the budget deficit, Congress should take a more nuanced approach to budget cutting that addresses the budget deficit while simultaneously reducing the investment &trade deficits. The only way to do this is to increase targeted investments that spur innovation, productivity, &competitiveness while cutting budgets elsewhere. Increasing these productive public investments will close the investment deficit, boost U.S. competitiveness &exports, &generate higher economic growth, which is the single best way to close the budget deficit. The CBO estimates that an increase of "just" 0.1 percent in the GDP growth rate could reduce the budget deficit by as much as $310 billion cumulatively over the next decade. For example, an increase in the real rate of GDP growth from the CBO projection of 2.8 percent over the next decade to 4 percent—the U.S. growth rate from ´93 to ´00—would, all else equal, cut the cumulative budget deficit in half, or by $6.8 trillion, over the next decade. Indeed, gaining control over the nation’s debt without an increase in economic growth &therefore tax revenues will be extremely difficult, if not impossible.



Productive Investment vs. Consumptive Spending

The challenge, then, is to identify those programs that spur innovation, productivity, &competitiveness, &therefore drive economic growth &competitiveness. In particular, policymakers should distinguish between productive investments—expenditures that expand the productive capacity of the country, drive economic growth, &increase future incomes—& consumptive spending—government expenditures that finance present consumption of goods &services.

This critical distinction is often lost on both sides of today’s budget negotiations. Many on the left do not distinguish between the two, either because they are unconcerned about the budget deficit or because they believe spending &investment have the same economic impact. Many on the right paint all federal investments as “spending” that should be cut, even though investments like scientific research yield large returns for both society &the federal treasury that other spending, including subsidies to farmers &oil companies, do not. There is a similar lack of clarity on tax policy, with some on the left opposed to more tax cuts for businesses &some on the right in favor of any &all tax cuts, regardless of merit. The truth is that some tax expenditures, like the ethanol tax credit, are wasteful &do not increase productivity or growth, while tax incentives, like the R&D tax credit, encourage activities that foster growth, innovation, &job creation.

Furthermore, policymakers from both the left &right limit their framing of the federal budget to either discretionary or non-discretionary programs. The fact is, the entire federal budget consists of government expenditures. The key difference between programs should really be whether a program is considered consumptive spending or productive investment, not whether the expenditure is mandatory or not. Breaking from this old framing would create a more robust &effective budget policy debate.

Productive public investments will help reduce the three deficits &should be strengthened, while consumptive spending will likely add to the three deficits &could more justifiably be cut. Some consumptive spending programs may still be important, but each should be judged on their own merits. In general, targeted cuts could be made to consumptive spending to reduce the budget deficit without exacerbating the other two deficits. Meanwhile, agencies, programs, &policies with some connection to productive investments—e.g., R&D, education, &infrastructure programs &policies—collectively take up a relatively small portion of the budget picture—likely <than 10 percent of all expenditures. Increasing high-impact productive investments, including pro-growth tax expenditures, can therefore be accomplished without adding significantly to short-term debt, while generating economic returns that reduce all three deficits over the medium to long term.


To distinguish between investment &spending, policymakers should consider three criteria:

I. Innovation. Does the program or policy help spur innovation to create new products, processes, technologies, or knowledge that in turn adds value or creates new industries?

II. Productivity. Does the program or policy increase the productivity of organizations &the economy as a whole?

III. Competitiveness. Does the program or policy help close the trade deficit by making U.S. firms more globally competitive, thereby increasing exports or reducing imports?


By using these three metrics as a guide, policymakers can make better budget decisions that spur economic growth &simultaneously close all three deficits, even as they cut spending elsewhere in the budget. By increasing productive public investments to spur innovation, productivity, &competitiveness, America can begin closing its three deficits &once again become the most competitive &innovative nation in the world. ...-
www.itif.org/files/2011-taking-three-deficits.pdf
www.itif.org/files/2011-three-deficits-exec-sum.pdf

[Popeye82]

Centaurus Metals - Maiden Ore Reserve for Jambreiro Iron Ore Project; initial discussions with potential customers have indicated that a long term consistent supply of high quality iron ore would be well received in the domestic market - Nov 14, 2011

HL:

+ Jambreiro Pre-Feasibility Study(PFS) pit design contains an initial Proven +Probable Ore Reserve of 49Mt grading 28.2% Fe for the friable component of the Jambreiro resource.

+ Metallurgical testwork indicates that an initial 17.1Mt of high quality hematite concentrate grading 66.6% Fe, 2.8% SiO2, 0.7% Al2O3 +0.02% P can be produced from the PFS Ore Reserve.

+ Ore Reserve is sufficient for 8.5 years of operations @the planned 2Mtpa concentrate production rate.

+ Very low life-of-mine strip ratio of 0.94:1 +free dig nature of the friable ore will result in low operating cash costs.

+ Measured, Indicated +Inferred Resources of 64.6Mt grading 25.8% Fe remain outside of the initial Ore Reserve pit limits.

+ Further RC drilling is planned to upgrade reserves for the 1st four years of planned mine life into the Proven category, with this drilling also designed to provide samples for a pilot plant testwork program. ...
www.stocknessmonster.com/news-item?S=CTM&E=ASX&N=566425



Strong Results for Jambreiro Pre-Feasibility Study; Darren Gordon: "This is a very major milestone for the Company, particularly considering that we only secured this Project in mid-´10. In a very short space of time, we have delivered a maiden JORC resource, upgraded the resource base with successful drilling programs +delivered a high-quality Pre-Feasibility Study which confirms that Jambreiro will form the cornerstone of our Domestic Iron Ore Business in Brazil. The PFS clearly shows that Jambreiro is a very robust project, with strong technical fundamentals +excellent financial returns from an initial 8.5 year mine life based on the friable ore only. The exceptional economics are underpinned by the very low forecast operating cash costs, which are a function of the low stripping ratio +free-digging nature of the friable ore. This means that the operation can generate very strong margins +cash flows. While the PFS is based on an initial mine life of 8.5 years, the Company expects that the mine life should be able to be extended by @least a further 7 years with additional drilling of the current Inferred Resource base. We now have a great deal of confidence in the Jambreiro Project +its potential to underpin a highly profitable project for the Company. The Centaurus team has worked extremely hard in delivering this result for shareholders +, while there is still much work to be done, can be very proud of the results achieved to date. We are very pleased to be able to push the button immediately on commencement of a Bankable Feasibility Study which will establish a clear pathway to production for Centaurus" - Nov 14, 2011

HL:

+ Jambreiro Pre-Feasibility Study(PFS) demonstrates excellent returns from Centaurus’ 1st planned iron ore project in Brazil, with key highlights:

- 2Mtpa operation delivering a 66% Fe final product into domestic steel industry in SE Brazil

- Initial 8.5 year mine life based on friable Ore Reserve

- Life-of-mine operating cash costs of A$19.9/tonne of final product

- Life-of-mine revenue of A$1.25 billion and EBITDA of $858 million

- Annual operating cash flows of A$101 million

- Post-tax NPV of A$289 million +IRR of 53%

- Pre-production capital investment(including contingency) of A$132 million

- Premium grade product in high demand in the Brazilian domestic steel sector


+ Project likely to be funded through a combination of debt +equity.

+ Environmental Impact Assessment well advanced +expected to be lodged with Environmental Approvals Department of the Brazilian Government(SUPRAM) in February ´12.

+ Commissioning of the Project on target for Q4 ´13.

+ Domestic production strategy to run concurrently with continuing strong exploration drive on export projects. ...
www.stocknessmonster.com/news-item?S=CTM&E=ASX&N=566428

[Popeye82]

Legacy Iron Ore - Drilling points to potential resource increase, @Mt Bevan; Resource Update expected by mid-January ´12 - Nov 14, 2011

HL:

+ 5,000m PhaseII drilling now complete.

+ Drilling designed to significantly increase current inferred resource.

+ Virtually no change in dip, thickness or grade along the entire 11km strike.

+ SRK Consulting engaged to calculate significantly increased inferred JORC resource by mid-January ´12.

+ Completed bulk-scale LIMS metallurgical testwork confirms excellent commercial-scale processing capabilities.

+ Additional 7,000m PhaseIII drilling to commence mid-Feb ´12.

+ Completion of PhaseIII likely by mid-April ´12.

+ On track to earn 60% JV interest by mid-April ´12.

+ NMDC indicate willingness to fund Legacy’s share of JV expenditure. ...
www.stocknessmonster.com/news-item?S=LCY&E=ASX&N=566427

[Popeye82]

Southern Pacific Resource - Submits STP-McKay PhaseII Expansion Application to Increase Total Project Production Capacity -to 36,000 bbl/d - Nov 14, 2011

Highlights of the expansion include:

+ Adds 24,000 bbl/d of oil treating capacity

+ Allows for financial +operational flexibility +efficiencies during construction +operation by designing the central process facilities as two 12,000 bbl/d integrated components

+ Provides access to a high quality resource, as demonstrated through 43 delineation coreholes within the PhaseII project area(~8 wells/section), with no top gas, bottom water, lean zones or shale barriers within the average 19 metres of bitumen pay

+ The facility is designed to generate 84,000 bbl/d of steam(equivalent to a daily steam-oil ratio of 3.5), which the Company expects will provide ample steam over the project life

+ Supplies all electrical requirements for PhaseII through integrated co-generation facilities ...
www.marketwire.com/press-release/southern-pacific-submits-st…

[Popeye82]

Crazy Horse Resources - New PEA Increases Post Tax IRR to 29.3% +Reduces Initial Capex by 41% - Nov 14, 2011

+ Taysan Copper-Gold Porphyry Project reoriented as a staged development, reduces initial investment, increases profitability +enhances robustness.

+ Initial capex reduced by 41% -from US$869 million to US$511 million.

+ Post tax IRR increases by >33% -from 21.9% to 29.3% based on US$3.00/lb copper +US$1,000/oz gold prices.

+ Robust project economics driven by low strip ratio in initial years, proximity to port(20 km) +electrical grid, paved road access +excellent metallurgy.

+ Base case net present value(NPV) is US$484 million @a 10% discount rate.

+ Pre-feasibility study on Taysan Project is fully funded +scheduled for completion in March ´12.

+ Project received endorsement from the Provincial Board of Batangas for further development. ...
http://finance.yahoo.com/news/Crazy-Horse-Resources-Inc-New-…

[Popeye82]

Mining Summary - LC - Nov 14, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Colossus Minerals - Discovers Extensive Anomalies @Serra Pelada From Soil Geochemistry +Auger Drilling(Including 124.78 g/t Gold, 6.52 g/t Platinum +7.67 g/t Palladium Over 1.5 Metres) - Nov 14, 2011
www.marketwire.com/press-release/colossus-minerals-discovers…

[Popeye82]

Buffett sheds tech aversion with $10.7 Billion Stake in IBM: Report - FY/Reuters - Nov 14, 2011

- B. Berkowitz -
http://finance.yahoo.com/news/buffett-builds-10-billion-stak…

"Warren Buffett has always made his distaste for technology investments clear, but on Monday he changed his ways in spectacular fashion.


The Berkshire Hathaway chief executive said he has bought nearly $11 billion of International Business Machines Corp stock in the last eight months, building a roughly 5.5 percent stake that potentially makes him the largest shareholder in the company.

It was a surprise reversal for Buffett, who has always said he would not invest in technology because he largely did not understand it. But in an interview on cable television network CNBC, Buffett said he was struck by IBM's ability to retain corporate clients, which made it indispensable in a way that few other services are.

"It's a company that helps IT departments do their job better. It is a big deal for a big company to change auditors, change law firms" or to switch to a new technology vendor, Buffett said.

"I don't know of any large company that really has been as specific on what they intend to do and how they intend to do it as IBM ," said Buffett, who teased CNBC's anchors for a few minutes with a guessing game about what the major investment was before unveiling the IBM news.

IBM shares, which have a market value of about $220 billion, were up 0.2 percent to $187.79 in afternoon trading. Earlier they hit $189.84, nearing the all-time high of $190.53 that the stock touched in mid-October.

Buffett, known as one of the best value investors of all time, appeared to have come to IBM late in the game -- a year ago the stock was a third lower than it is now. Buffett himself said he should have paid more attention to IBM five years ago.

Yet technology analysts said he had still gotten a good deal.

"Maybe he could have gotten a better price ... but if you look at Warren Buffett's investment policy I would assume this is a long term investment," said Collins Stewart analyst Louis Miscioscia. "This is not your father's IBM; the management has done a good job of cost control, returning cash to shareholders."


CHANGE OF PLANS

Though it seems like a contrarian move, one long-time Berkshire investor speculated that Buffett was buying IBM for its services business rather than its technology platform.

"It's going to be one of the four or five 'generals' in the portfolio ," said Steve Check, chief investment officer of Check Capital Management, a California firm.

Another long-standing Berkshire shareholder said the investment was also a global play.

"More confirm(ation) that he sees international as more important," said Michael Yoshikami, chief executive of wealth manager YCMNET Advisers, which manages about $1 billion and holds Berkshire shares.

The investment fits with Buffett's desire to make big bets. Earlier this year, in his annual letter to investors, he joked about having a loaded elephant gun ready to make big deals.

He has followed through on that, buying chemicals company Lubrizol, investing $5 billion in Bank of America Corp and taking the IBM position.

Though Berkshire started buying IBM shares in March, Buffett's comments suggested the firm did not cross reporting thresholds on the investment until the third quarter, which let him keep the stake secret until Monday.

Buffett has also previously asked for, and received, the right to keep some investments temporarily confidential on the grounds that, given his notoriety, if his trades were to be known, masses of investors might try to pile in as well.

The IBM stake was sooooo confidential, in fact, that the company had no idea Buffett was investing in it until he disclosed that he had bought 64 million shares on TV on Monday. An IBM spokesman declined to comment.

According to Thomson Reuters data, Buffett's 5.5 percent position in IBM would tie him with State Street Corpinvestment management affiliate State Street Global Advisors for the largest stake in the company.

During the third quarter, IBM shares traded in a range of $157.14 to $185.61, suggesting that no matter when Buffett bought, he is still up on his investment at least $160 million.

The median analyst price target for the stock is $200, with 14 of 28 analysts rating it a "strong buy" or "buy" and the rest rating it a "hold," according to Thomson Reuters data.


NOT BUYING EUROPE

One thing Buffett is not buying is European banks.

Buffett comes up whenever there is talk of a large European bank needing to raise capital, particularly in the current environment of writedowns on sovereign debt.

But he told CNBC that he would need to understand European banks better before investing, and that he has not yet seen an investment opportunity there in which he wants to take part.

The "Oracle of Omaha" and Berkshire Hathaway chief executive said he expects Europe's economy to show improvement 10 years from now, but getting there will be difficult.

In a three-hour interview, Buffett also disclosed that he was interviewed by the U.S. Securities and Exchange Commission in June about David Sokol, his former heir apparent who left Berkshire amid scandal earlier this year.

Sokol left the company after it emerged he had bought shares in Lubrizol while trying to convince Buffett to acquire it.

Buffett said he had an informal interview with the SEC, which was not a deposition and was not transcribed by a court reporter. He told CNBC the SEC had questions it wanted answered, and he and Berkshire were cooperating.

The Sokol episode turned into a major scandal for Berkshire earlier this year, with Buffett conceding at the company's annual meeting that he had handled the matter poorly.


(Reporting by Ben Berkowitz in New York, additional reporting by Nicola Leske in New York and Jim Finkle in Boston; Editing by Tiffany Wu and Gerald E. McCormick) "

[Popeye82]

Europe Could Be in Worst Hour Since WWII: Merkel - Reuters, LEIPZIG - Nov 14, 2011

- By Noah Barkin +Stephen Brown -
http://finance.yahoo.com/news/italian-greek-governments-race…

"German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.


A rally on financial markets sparked by the appointment of respected European technocrats in Rome and Athens soon stalled. Analysts warned that daunting obstacles could hinder decisive action needed to breathe new life into their ailing economies.

Italy had to pay a euro-lifetime record yield of 6.3 percent to sell five-year bonds with investors wary of buying its debt until prime minister-designate Mario Monti can undertake profound economic reforms.

In a first sign of trouble for new Greek Prime Minister Lucas Papademos, the leader of the main conservative party rejected any toughening of austerity and refused to sign a letter sought by European authorities pledging support for a new 130 billion euro bailout.

Merkel dramatized the situation facing the euro zone in an attempt to rally her conservative party behind the government at a congress in Leipzig.

"Europe is in one of its toughest, perhaps the toughest hour since World War Two," she told her Christian Democrats (Toronto:CDU.TO ), saying she feared Europe would fail if the euro failed and vowing to do anything to stop this from happening.

In a one-hour address, Merkel called for closer European political union but offered no new ideas for resolving the crisis that has forced bailouts of Greece, Ireland and Portugal, raising fears about the survival of the 17-state currency zone.

European Union governments have until a summit on December 9 to come up with the outlines of a much bolder and more convincing strategy, with some form of massive, visible financial backing.

Prospects are uncertain as the German government, the Bundesbank and hardliners in the European Central Bank have blocked key policy options. These include issuing common euro zone bonds, mutualising the euro zone's debt stock, letting the ECB create money to fight the crisis, or act as a lender of last resort, directly or via the euro zone rescue fund.


HIGH DRAMA IN ROME

In weekend drama, Italy's president asked Monti, a former European commissioner, to form a government to reverse a disastrous collapse of market confidence in an economy whose debt burden is too big for the euro bloc to bail out.

Italians sang, danced and drank champagne in the streets to celebrate the resignation of scandal-plagued billionaire Silvio Berlusconi, and an impromptu orchestra near the presidential palace played the Hallelujah chorus from Handel's Messiah.

The ECB has been buying troubled euro zone governments' bonds episodically to try to stabilize markets. But figures released on Monday showed it halved its weekly bond buy at the height of the Italian government crisis last week, suggesting it was no longer willing to help Berlusconi.

After a tumultuous week, when Italy's borrowing costs rose to the kind of levels that saw Ireland and Greece forced to seek international bailouts, initial market reaction was positive on Monday, with both stocks and bond markets lifted.

But in a sign of the fragile state of confidence, the trend was reversed after the Italian bond auction, and the release of figures showing industrial production slumped by 2 percent in the euro zone in September, raising the specter of recession.

"(Monti) is perceived to be a positive change for the country," said Annalisa Piazza, rate strategist at Newedge.

"Cautiousness on the future developments in Italy is fully justified. Credibility has been lost and it will take a while for market participants to believe that the country is back on the right track."

Monti held talks with political parties on Monday before separate meetings with trade unions and employers on Tuesday, as he moves to appoint what is expected to be a relatively small cabinet made up of experts from outside parliament.

He went to work after a frenetic weekend in which Italy's parliament approved a package of economic reforms agreed with European leaders, clearing the way for Berlusconi to resign.

"Monti spoke about a significant program with many sacrifices," Francesco Nucara, a lawmaker from one of the myriad tiny parliamentary groups involved in the talks, said after meeting the prime minister designate.


"IT DOESN'T END HERE"

But some were skeptical about the strategy to reverse the collapse of market confidence in Italy.

"It doesn't end here" read a headline in Libero, a fiercely pro-Berlusconi daily which said that "the Left and its newspapers may have uncorked the champagne too early".

While Italy's problems and the long-drawn-out departure of Berlusconi have pushed the collapse of the much smaller Greek economy backstage, IMF and European leaders will keep Papademos under pressure to implement radical reforms.

Papademos succeeded George Papandreou, whose proposal to hold a referendum on the bailout terms prompted EU leaders to raise the threat of a Greek exit from the currency bloc.

The new premier, who oversaw Greece's entry to the euro zone in 2002, must win a confidence vote on Wednesday before meeting euro zone finance ministers in Brussels on Thursday.

The Herculean task facing Papademos was illustrated on Monday when New Democracy leader Antonis Samaras said he would not vote for new austerity measures, adding that the policy mix of spending cuts and tax rises agreed with international lenders should be changed in favor of economic growth.

"I agree with the goals to cut government spending ... to reduce debt, to erase the deficit, to make structural changes. I do not agree with whatever stunts growth," he told party MPs.

Inspectors for Greece's international lenders, known as the troika, were due to meet the new administration of Papademos following Wednesday's confidence ballot but uncertainty surfaced over whether they would indeed come.


DISRUPTIVE DEMONSTRATIONS

Most Greeks hailed Papademos's appointment, but thousands of people angry at more than a year of austerity are expected to rally on Thursday, the anniversary of a 1973 student uprising that helped to bring down a 1967-1974 military junta.

That could complicate talks between the troika and the new cabinet, as the demonstration is expected to shut down central Athens and could be the biggest rally in months of protests that have at times erupted into bloody clashes.

"They may come at the end of the week but nothing is fixed," Carlos Martin Ruiz de Gordejuela, spokesman for the European Commission's mission in Greece, said of the troika team, which had been expected to arrive early in the week.

Monday's euro zone industrial production figures pointed to a sharp contraction toward the end of the year and the risk of a double-dip recession.

The slide in output at factories in the 17 nations sharing the single currency was the biggest fall since February 2009 -- when the economy was reeling from the worst financial crisis since the 1930s.

"It clearly doesn't bode well for the future," said Francois Cabau, an economist at Barclays Capital. "If we don't see some resolution of the euro zone sovereign debt crisis, business confidence could go even lower."

(Additional reporting by Philip Pullella and James Mackenzie in Rome, Ben Harding and Harry Papachristou in Athens, Eva Kuehnen in Frankfurt, Alexandra Hudson in Berlin and Robin Emmott in Brussels, writing by Peter Millership; Editing by Paul Taylor) "

[Popeye82]

Cameco increases offer for Hathor to $4.50 in cash per share - M.com, SASKATOON - Nov 14, 2011
www.mining.com/2011/11/14/cameco-increases-offer-for-hathor-…

[Popeye82]

China iron ore imports fell to 8-month low in October -despite $60 price drop - M.com - Nov 13, 2011

- F. Els -
http://www.mining.com/2011/11/13/china-iron-ore-imports-fell…

[Popeye82]

GLG Life Tech - European Parliament's Approval of Stevia Launches New Sales Opportunities for GLG's European Distributor Network; regulation will enter into force twenty days after it is published in the EU Official Journal, means that consumers across Europe could be enjoying products sweetened with steviol glycosides by as early as December 3rd; Now that the EU has approved the use of stevia as a sweetener, GLG is pleased to announce that it has established long-term distributor agreements with seven key ingredient distributors who are poised to sell the Company's great tasting, high-purity stevia extracts to the European food &beverage industry; new distribution network includes: Caldic Ingredients B.V.; ChemPoint.com; Emilio Pena SA(EPSA); Gusto Faravelli S.P.A.; Keyser &Mackay; Nordmann, Rassmann GmbH &PK Chemicals - Nov 14, 2011
http://finance.yahoo.com/news/European-Parliament-Approval-p…

[Popeye82]

Flinders Mines - 23% increase in Global Resource tonnage - Nov 14, 2011

HL:

+ Further 23% increase -to 917 Mt @55.2% Fe Global Mineral Resource

+ increase is based on updates to the Champion, Delta +Eagle deposits only –all the deposits remain open to exploration upside; Company is still working on the conversion of Delta BID material from Indicated to Measured status through additional geological interpretation. This will be completed in Q1 ´12 +will require no further drilling

+ Maiden Measured Mineral Resource of 101 Mt @56.4%Fe

+ Latest results further underpin the Company’s confidence in progressing the development of the project

+ Delivered on schedule, the Mineral Resource is being integrated into the Definitive Feasibility Study, currently being undertaken by WorleyParsons. The optimisation study is likely to convert some of the additional tonnage from this Mineral Resource into the saleable inventory, increasing the existing tonnage of 273 Mt, thus providing for a greater production rate or increased life of mine ...
www.stocknessmonster.com/news-item?S=FMS&E=ASX&N=185660

[Popeye82]

Hodges Resources - Moiyabana Coal Project, Progress Update; Company now advises that the initial resource estimate is now expected to be released to the market in the 1st quarter of ´12 - Nov 14, 2011
www.stocknessmonster.com/news-item?S=HDG&E=ASX&N=566505

[Popeye82]

Platinum brain device is top 10 medical breakthrough for ´12 - M.com - Oct 30, 2011

- F. Els -
www.mining.com/2011/10/30/platinum-brain-device-is-top-10-me…

[Popeye82]

British Columbia’s exploration expenditures increased ~twenty fold since ´01 - M.com - Oct 26, 2011

- Michael Allan McCrae -
www.mining.com/2011/10/26/british-columbias-exploration-expe…
www.mining.bc.ca/sites/miningassociation/files/Publications/…
www.mining.com/2011/10/25/mining-in-british-columbia-contrib…
www.mining.bc.ca/economic_impact_analysis2011.htm

[Popeye82]

Broken Hill Prospecting - Significant Boost to Pyrite Hill Cobalt Deposit, @Broken Hill, NSW; Dr. Ian Pringle: "The new resource work has increased the project’s cobalt resources by 7 million pounds of contained cobalt. It has also shown the potential to double the size of the Pyrite Hill deposit with further infill drilling. This is a terrific step forward for our company as we progress towards growing a sizeable deposit to base a world-class mining operation. The mineralisation occurs close to surface +is an excellent kick start for feasibility studies for a future open cut mine capable of initial production throughput of 4-5 million tonnes/year. The pyrite can be readily upgraded into a pyrite concentrate +, because of the excellent road +rail access, future processing options could include offsite locations. Cobalt is fast becoming an important metal of the future through its widespread +growing use in batteries for new-generation electric +hybrid cars +in hardened metal +alloys. Some 60% of cobalt production in ´10 was from central Africa +, as demand for the metal increases, future security of supply will mean that Broken Hill Prospecting is well positioned to reach our goal to become a leading cobalt producer " - Nov 14, 2011

HL:

+ Inferred resource up by 55% to -16.4Mt of 1.83lb/t(830ppm) cobalt

+ New potential for 14 -24Mt of similar mineralisation

+ Both the Pyrite Hill Inferred Resource +potential mineralisation occur from near surface to 300 metres depth +are open @depth +along trend to the northwest of the Pyrite Hill Deposit

+ Combined Pyrite Hill +Bill Hill inferred resource now @20.8Mt of 1.87lb/t(850ppm) cobalt

+ BPL has recently completed an extensive IP geophysical survey across Pyrite Hill +the north east extension of the Big Hill mineralised trend. The results of this survey will be interpreted +reported during the next few weeks +this work is expected to define highpriority drill targets for new cobalt deposits as well as zinc +lead targets, Work plans in the next several months include further drilling to upgrade +increase the mineralisation @both Pyrite Hill +Big Hill +to drill test new anomalies generated by the geophysical survey ...
www.stocknessmonster.com/news-item?S=BPL&E=ASX&N=185653

[Popeye82]

Merkel strebt NPD-Verbot an ; Die Kanzlerin lässt Erfolgsaussichten für Verbotsverfahren prüfen - DPA, LEIPZIG - Nov 14, 2011
http://web.de/magazine/nachrichten/deutschland/14141480-merk…

[MrRipley]

Antwort auf Beitrag Nr.: 42.350.416 von Popeye82 am 15.11.11 00:15:06

Die Frau hat eben n Schuss.

Meinungsfreiheit ade, als ob die Politik vorschrieben könnte, was ein gewissern Teil der Bevölkerung zu denken habe.
War für mich nicht überraschend, dass das Thema genau am 11.11.xx aufkam...

[Popeye82]

Zodiac Exploration - Announces Update on 1-10 Horizontal Well; Based on preliminary internal estimates from petrophysical logs +core data, management's best estimate is that the prospective resources for the Upper Kreyenhagen formation amount to 16 million barrels of oil in place per section, Detailed geologic mapping indicates this zone is present on @least 100 net sections of Zodiac acreage; estimate represents only 10% of the Kreyenhagen formation, which has a thickness of ~800 feet in this location, Several prospective lower zones in the Kreyenhagen have been identified +have not yet been tested. The total thickness of the Kreyenhagen formation ranges from ~800 to 1,500 feet throughout acreage - Nov 2, 2011
www.zodiacexploration.ca/upload/news_release/24/01/111102-1-…

[Popeye82]

Indian firms eye $6 billion Afghan iron ore contract - M.com - Sep 15, 2011

- Andrew Topf -
www.mining.com/2011/09/15/indian-firms-eye-6-billion-afghan-…

"As the United States and its allies look back on a weekend of memorials and tributes to the nearly 3,000 victims of 9/11, the country that was struck in retaliation for the 2001 attack on America could become a hotbed of mining.

The National reports that Indian firms are bidding billions of dollars for a contract to mine iron ore in a central district of Afghanistan:

“A consortium led by the state-run Steel Authority of India (SAIL) could invest up to US$6 billion (Dh22bn) in the mine, railroads and a steel plant in a race with China to lock in raw materials for two of the world’s fastest-growing economies.”

The Hajigak iron ore deposit is being touted by the Afghans as the world’s largest deposit with 1.8bn tonnes of iron ore. But this figure is at best an estimate and comes from Soviet scientists in the 1960s, FT beyondbrics blog reported back in July.

An Indian diplomat quoted in The National story says commercial production is 10 years away.

While concerns over security and the strong possibility that minesites could become a terrorism target have dissuaded mega-miners like Rio Tinto and BHP Billiton from investing in Afghanistan, Indian and Chinese companies have shown an interest in the war-ravaged country.

Last week China National Petroleum Corp. (CNPC) won a bid for an oil field in northern Afghanistan in the first contract for international oil production signed by the Afghan government for several decades, Reuters reported. That is in addition to a contract won in 2007 by Jiangxi Copper Co., China’s biggest copper producer, and China Metallurgical Group to develop the Aynak Copper Mine south of Kabul — due to start producing in 2014.

According to some calculations Afghanistan’s resource sector could be worth some $3 trillion. "

[Popeye82]

Planet’s largest clean coal project could be going up in smoke - M.com - Nov 8, 2011

- F. Els -
www.mining.com/2011/11/08/planets-largest-clean-coal-project…

[Popeye82]

Katanga gets $635 million to build world’s largest cobalt mine - M.com - Nov 11, 2011
www.mining.com/2011/11/11/katanga-gets-635-million-to-build-…

[Popeye82]

Nautilus now has $155 million kitty &all its green permits for undersea mine; "remains on track" to commence production in the final quarter of ´13; S. Rogers: "The September quarter saw further solid progress in the development of the world’s 1st seafloor resource production project @Solwara1" - M.com - Nov 12, 2011
www.mining.com/2011/11/12/nautilus-now-has-155-million-kitty…

[Popeye82]

Hackers target Canadian government’s potash documents ; The Ottawa Citizen reports that computer hackers went after potash documents in the Finance Department +Treasury Board networks. An email, pretending to come from an aboriginal group , was opened by department officials. A link in the email installed malware on the worker’s computers, which facilitated the attacks; Industry officials believe the attack was launched from China - M.com - Oct 31, 2011

- Michael Allan McCrae -
www.mining.com/2011/10/31/hackers-target-canadian-government…

[Popeye82]

North Atlantic Potash - &Rio Tinto announce Joint Venture on Potash Development - Sep 27, 2011
www.northatlanticpotash.com/rio_tinto.pdf

[Popeye82]

Functional Technologies - Announces Next Generation Acrylamide-Preventing Yeast Technology; The results obtained to date suggests that not only does Functional Technologies' 3rd generation AP technology provide more rapid +effective reduction of acrylamide, but also adoption +integration into an end-user's pre-specified food production or processing protocols should be relatively seamless. As well, these yeasts have demonstrated the capacity for flexible adoption, such that the conditions associated with their application can be optimized to suit the end-user's requirements while maintaining effectiveness; Howard Louie: "Functional Technologies' ability to continuously improve on existing technologies speaks to the strength of the Company's core yeast competencies, while the results obtained with this latest technology advancement points to the increasing viability for our acrylamide-mitigating platform to meet strict production requirements. These qualities are important in maintaining or even improving the Company's position with existing +future food industry thought leaders or collaborating companies, in the joint development +potential commercialization of Functional Technologies' acrylamide-preventing yeasts" - Nov 14, 2011
www.marketwire.com/press-release/functional-technologies-ann…

[Popeye82]

TNR Gold - Options 100% Interest in Iron Ore Project, Northwestern Ontario; A comprehensive exploration program consisting of a high resolution airborne magnetic survey, geologic mapping/prospecting +subsequently diamond drilling is planned to be performed throughout the Property along the extent of the highly prominent iron formation; on-strike extension of the iron formation, partially overlapping, adjacent +to the west of the Property, has witnessed considerable exploration by Steep Rock Iron Mines Ltd.("Steep Rock") from ´57 -´61 reporting a historical indicated reserve* of 628 million tonnes averaging 23.1% soluble iron** yielding a concentrate averaging 67.6% soluble iron signifying an 84.8% recovery @a concentration ratio of 3.4:1; or 29.3 weight percent(Goodwin ´65 +Taylor et al. ´72); Agreement is subject to TNR obtaining approval from the TSX Venture Exchange; G. Schellenberg: "The acquisition of the Soules Bay Iron Ore project, encompassing 12 kilometres in strike length of a more extensive iron formation known to host a significant historical reserve, represents a remarkable opportunity for TNR to become a key player in the exploration +potential development of Canadian based Iron projects" - Nov 2, 2011

HL:

+ Readily accessible: proximal to highway, power +rail;

+ 12kms of highly magnetic iron formation strike length contained within the Property;

+ Partially overlapping +adjacent to the west is a historical reserve* of 628 million tonnes grading 23.1% soluble iron**;

+ 94.5 metre composite 1957 drill sample reports 24.9% soluble iron within +near the western boundary of the Property;

+ Iron formation extending to the west has witnessed considerable exploration while limited exploration performed within Property boundary on same-trend magnetic anomaly; +

+ The Company to acquire 100% interest. ...
www.marketwire.com/press-release/tnr-gold-corp-options-100-i…

[Popeye82]

Toro Energy - 1st Exploration Target Range for Theseus -20Mt to 40Mt @~400 to 500parts per million(ppm) U3O8, for 10,000t to 20,000t or 22Mlb to 44Mlb U3O8# - Nov 15, 2011
www.stocknessmonster.com/news-item?S=TOE&E=ASX&N=185674

[Popeye82]

Fairstar Resources - Native Title Agreement Concluded; K. Robertson: "This is an extremely important +significant milestone in FairStar's ongoing commitment to get SHIP into production for the benefit of our shareholders. The Board wants to thank the Central East group for their work +commitment in negotiating this agreement which we believe will deliver long lasting benefits to the local community. We are very pleased the major focus of the agreement is on working with the Central East group’s strategic plan for developing sustainable +long lasting relationships to deliver better outcomes for their community for many years to come. We are also very excited that we have completed one of the key conditions towards getting the funding facility approved" - Nov 14, 2011

HL:

+ Further significant milestone in developing SHIP, strategically located near existing transport infra-structure with a clear +unencumbered path to production for relatively low capital expenditure

+ Fulfils important condition to gaining $A300 million funding facility

+ Native Title Agreement signed with the Central East Native Title Claimant Group covering SHIP tenement

+ Paves way for imminent granting of Mining Lease

+ FairStar will fast track development +production of its high-value Steeple Hill iron project with significant resource estimates of Direct Shipping to deliver immediate +substantial cash flows. Significantly, FairStar believes it will be cash flow positive from its 1st year of production @SHIP


other key conditions to be completed by FairStar include:

+ FairStar obtains grant of the Mining Lease over the SHIP Tenements;

+ FairStar successfully concludes Off-Take agreements for a substantial part of the ore to be derived from the SHIP Tenements.

Key Condition still to be completed by Lender:

+ Final due diligence +final regulatory approvals. ...
www.stocknessmonster.com/news-item?S=FAS&E=ASX&N=566493

[Popeye82]

Einigung beim Mindestlohn; Die CDU hat ihren Streit über den Mindestlohn offiziell beigelegt - W/Reuters - Nov 15, 2011
http://web.de/magazine/finanzen/geld/14142298.html#.A1000107

[Popeye82]

Mining Summary - LC - Nov 15, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Zanaga ups resource estimate @iron ore project: 4.3 billion tonnes @33.0% Fe M/I/I - DJ, LONDON - Oct 26, 2011

- Iain Packham -
www.foxbusiness.com/industries/2011/10/26/zanaga-iron-ore-co…

[Popeye82]

BHP Billiton to spend $4bn on US shale gas assets; Diversified miner BHP Billiton plans to spend $4-billion on developing shale gas assets in the US, where it is targeting output of some 545-billion cubic feet equivalent(90-million barrels of oil equivalent ) in the ´12 financial year. The mining giant paid nearly $17-billion for Petrohawk Energy +Chesapeake Energy this year, with the aim of doubling its petroleum production over the next five years - MW, PERTH - Nov 14, 2011

- Esmarie Swanepoel -
www.miningweekly.com/article/bhp-billiton-to-spend-4bn-on-us…

[Popeye82]

Goldcorp gets construction approval for Eleonore, will be one of the largest underground mines in Canada; Goldcorp said on Monday that the Quebec government has given the green light to its Eleonore project, allowing Canada's 2nd largest gold producer to start full construction @the mine in Northern Quebec. The project, which is located in the James Bay region of Quebec, is expected to boost Goldcorp's output by 600 000 oz of gold/year, with cash costs <$400/oz; 1st production slated for late ´14 - MW/Reuters - Nov 15, 2011
www.miningweekly.com/article/goldcorp-gets-construction-appr…

[Popeye82]

Platinum market to end ´11 in modest oversupply - MW, JOHANNESBURG - Nov 15, 2011

- H. Lazenby -
www.miningweekly.com/article/platinum-market-to-end-2011-in-…

[Popeye82]

High costs, low prices hit ferrochrome; South African ferrochrome makers are being squeezed by rising production costs, &some are already selling @a loss, the chief executive of Hernic Ferrochrome, a unit of Japan's Mitsubishi Corporation, told Reuters on Tuesday. Prices of ferrochrome – a key ingredient for making stainless steel – have fallen in the past few months as stainless steel producers have been struggling with lower demand, weakened by a gloomier economic picture - MW/Reuters, LONDON - Nov 15, 2011
www.miningweekly.com/article/high-costs-low-prices-hit-ferro…

[Popeye82]

Gillard moves to lift ban on uranium exports to India - MW, PERTH - Nov 15, 2011

- E. Swanepoel -
www.miningweekly.com/article/gillard-moves-to-lift-ban-on-ur…

"Shares in Australia-listed uranium miners rose on Tuesday on revelations that Prime Minister Julia Gillard is pushing to lift a ban on uranium export to India.


In an about-face on Labor’s long-standing policy banning uranium exports to the Asian country, Gillard indicated that she would push for a party policy change at next month’s Labor national conference.

In a write-up in The Age newspaper, Gillard said that it was time for Labor to modernise its platform and enable it to strengthen its connections with “dynamic, democratic India”.

“As in other areas, broadening our markets will increase jobs. We must, of course, expect of India the same standards we do of all countries for uranium export - strict adherence to International Atomic Energy Agency arrangements and strong bilateral undertakings and transparency measures that will provide assurances our uranium will be used only for peaceful purposes.”

Gillard wrote that the government had to analyse and understand the opportunities and challenges presented by the so-called Asian Century, adding that the Labor party had to focus on its long-term economic goals and be prepared to confront difficult questions about maximising prosperity and the strength of its relationships in its region of the world.

“One of our nearest neighbours is India. Long a close partner. The world’s biggest democracy. Growing at 8% a year. Yet despite the links of language, heritage and democratic values, in one important regard, we treat India differently. We will not sell India uranium for peaceful purposes - though Canada is preparing to - while policy allows us to export it to countries such as China, Japan and the US," Gillard said.

Greens leader Bob Brown blasted the move, saying the prospect of selling uranium to India would “horrify” many Australians.

“Gillard and Tony Abbott agree on selling uranium to nuclear-armed India although the Australian people have had no say. It's all about helping multibillion-dollar mining corporations make more money, as Martin Ferguson would wish, at the expense of regional security. The government has removed the super profits tax from uranium,” Brown said.

“It will make Australia less secure. Enriched uranium, through this process, will end up in the nuclear stockpiles of India, including its growing fleet of nuclear-armed and -powered warships.”

However, Defence Minister Stephen Smith defended Gillard’s position, saying in an interview that India had a good track record of not proliferating its uranium or its nuclear materials.

“It gave an undertaking in 2008/9 that it wouldn’t continue with any nuclear testing, that it would keep its civilian and military use of uranium separate, and it agreed to the International Atomic Energy Agency Oversight, so far as the tracking of uranium delivered to it for civil purposes was concerned.

“India is the world’s largest democracy, and there’s no reason why it shouldn’t be accorded the status of having uranium exported to it by Australia under our strict bilateral arrangement safeguards that we require. And that’s what the prime minister is proposing.”

South Australian Premier Jay Weatherill has also come out in support of Gillard’s proposition to allow uranium exports to India.

“South Australia is a substantial uranium exporter and is likely to become an even bigger exporter. The state is also keen to build on the strong relationship it has with India. Therefore, it is clearly in South Australia’s interests to support the proposition,” Weatherill said.

He noted that any export of uranium to India could only occur within an appropriate international framework to be negotiated by the Commonwealth government.

“This is the position that I will be taking to the national ALP [Australian Labour Party] Conference in December, which will determine the national Labor Party policy about this matter.”

Shares in Toro Energy climbed 10%, Paladin Energy gained 3% and Extract Resources rose more than 2% in Sydney on Tuesday. "

[Popeye82]

Profits of Australian midtier miners soar; Australia’s top 50 midtier miners saw net profits soar to A$2.4-billion this year, from A$38-million in ´10, advisory firm PricewaterhouseCoopers(PwC) said on Tuesday. Surging demand for iron-ore, coal, gold +copper, lead by developing markets, especially China +India, underpinned the strong growth - MW/PwC, PERTH - Nov 15, 2011

- Esmarie Swanepoel -
www.miningweekly.com/article/profits-of-australian-midtier-m…
www.pwc.com.au/media-centre/2011/aussie-mine-nov11.htm

[Popeye82]

Antwort auf Beitrag Nr.: 42.355.906 von Popeye82 am 16.11.11 04:12:24

Aussie Mine – Onwards +Upwards - PwC - Nov 15, 2011

Table of contents

1. Executive summary
2. Mid-tier industry in perspective
3. The rise of Africa
4. The way I see it
5. Social licence: winning the community’s vote
6. Positive investment in Indigenous communities
7. Aggregated industry financial statements
8. MRRT: time to implement
9. Unlocking the sources of future capital
10. Mid-tier 50 companies analysed
11. Explanatory notes

- Mining Excellence@PwC
- Contacting PwC
- Other Mining Publications ...
www.pwc.com.au/industry/energy-resources/assets/Aussie-Mine-…

[Popeye82]

Antwort auf Beitrag Nr.: 42.355.906 von Popeye82 am 16.11.11 04:12:24

WA paves way for mineral explorers; Mineral exploration in Western Australia on Tuesday received a boost after Mines +Petroleum Minister Norman Moore released the world’s largest satellite derived geosciences map capturing the entire state, Moore said the Advanced Spaceborne Thermal Emission +Reflection(Aster) map provided a new generation of satellite information, which would change the way explorers looked for mineral deposits - WM, PERTH - Nov 15, 2011

- Esmarie Swanepoel -
www.miningweekly.com/article/wa-paves-way-for-mineral-explor…

[Popeye82]

Centaurus Metals - Positive Ground Magnetic Survey Results for Serra da Lontra; Up to 7,500m of RC &Diamond Drilling due to commence in December ´11; Darren Gordon: "The ground magnetic survey results from the Serra da Lontra project are quite exciting. The anomalies indicate that the Senna Prospect could be up to 2 km long – nearly twice as long as previously interpreted . The survey results have also identified the potential for continuity of the mineralisation between the two key Prospect areas. Based on this new information &ongoing mapping &sampling work, a comprehensive exploration drill program has been designed. The drill program is set to kick off in December &by January the Company will have three rigs on site drilling 24 hours/day. We are focussed on maintaining a strong exploration drive &building a solid resource base for our planned export business whilst we undertake feasibility work on the Company’s Jambreiro Project. With the port of Ilhéus being just 140 kilometres away by sealed highway, the Serra da Lontra Project offers excellent logistics for development of a 1-2Mtpa export project. We are excited by the iron ore prospects of the Ilhéus region &we are gearing up to make a significant push into the State of Bahia to support the Company’s future export plans" - Nov 16, 2011

HL:

+ Several sub-surface anomalies identified extending the potential mineralised horizon @the two main prospects, Senna &Fittipaldi, @the Serra da Lontra export project, Brazil.

+ The Senna Prospect has 1.2km of outcropping iron mineralisation &a further 800m long magnetic signature along strike from the outcrop.

+ ground magnetic survey was completed in October &included 102km of survey lines covering an area of 12km2. East-West survey lines were spaced 200 metres perpendicular to the strike of the mineralised bodies along the length of the regional anomaly. Line spacing was reduced to 100 metres over the two principal prospects – Senna &Fittipaldi. Survey readings were taken every 10 metres. The anomalies correlate well with the itabirite mineralisation, which contains both hematite &magnetite

+ Strong magnetic anomalies identified under cover between the Senna &Fittipaldi Prospects, providing new drill targets.

+ New outcrop sampling assay results confirm that the surface grade of the mineralisation is between 38% &55% Fe with low Al2O3 &P levels.

+ Exploration Target of 30 -50Mt1 of itabirite mineralisation grading 35 -45% Fe well supported by surface sampling &ground magnetic survey results.

+ Mineralisation expected to beneficiate to a high grade(+65%) hematite product –bulk sample of in-situ itabirite sent to University of São Paulo for mineral characterisation testwork.

+ Principal landowner agreements signed &environmental application for drilling licences lodged –drilling expected to commence in December ´11.

+ Serra da Lontra, which is located 140 kilometres from the regional export port of Ilhéus, in the State of Bahia, Brazil(see Figure 1), is expected to provide the foundation for an iron ore export business for Centaurus, complementing its domestic iron ore development strategy, which was significantly de-risked earlier in the week by the delivery of the Jambreiro Pre-Feasibility Study ...
www.stocknessmonster.com/news-item?S=CTM&E=ASX&N=566829

[Popeye82]

BioAmber’s $150 Million IPO: The 10-Minute Version; S-1: "Our proprietary technology platform combines industrial biotechnology, an innovative purification process +chemical catalysis to convert renewable feedstocks into chemicals that are cost-competitive replacements for petroleum-derived chemicals. The development of our current organism was originally funded by the DOE in the late ´90s, was further developed +scaled up, +optimized @the large-scale manufacturing facility in France. ... We believe we can produce bio-succinic acid that is cost-competitive with succinic acid produced from oil priced as low as $35/barrel, based on management’s estimates of production costs @our planned facility in Sarnia, Ontario +an assumed corn price of $6.50/bushel. We have secured funding to construct the initial phase of our next global-scale facility in Sarnia, Ontario +we intend to build +operate two additional facilities, one located in Thailand +the other located in either the United States or Brazil. We expect to begin recording revenue from commercial sales of our bio-succinic acid in the 1st quarter of ´12…We also intend to leverage our proprietary technology platform +expertise in the production of bio-succinic acid to target additional high value-added products, such as bio-BDO, PBS, de-icing solutions +plasticizers. In addition, we are also working to expand our product portfolio to additional building block chemicals, including adipic acid +caprolactam"- BD - Nov 15, 2011

- Jim Lane -
http://biofuelsdigest.com/bdigest/2011/11/15/bioambers-150-m…

[Popeye82]

Nimrodel Resources - 4.23 Billion Tonne Inferred Coal Resource; Chris Mason: "To our knowledge this is the largest thermal coal resource to be reported within Botswana. It confirms management’s belief that the region could host a major thermal coal deposit. The sheer size of the Inferred Resource has surpassed all our expectations +we are delighted @the high calorific value of the coal" - Nov 16, 2011

HL:

+ Maiden Inferred Resource of 4.23 billion tonnes of coal

+ Washed resource of 2.395 billion tonnes(1.6 SG, washed coal)

+ Relatively shallow coal with average depth <150m over the entire resource

+ Estimation of this resource allows for completion of the Scoping Study ...
www.stocknessmonster.com/news-item?S=NMR&E=ASX&N=566838

[Popeye82]

Potash West NL - Commences Dandaragan Reconnaissance Drilling Program - Nov 16, 2011

HL:

+ Between 1,500m +2,000m of aircore drilling to be completed by late November

+ Results expected to deliver indication of depth, grade +thickness of target horizons

+ Assays expected in January ´12

+ Samples will augment the well advanced metallurgical test work programme. ...
www.stocknessmonster.com/news-item?S=PWN&E=ASX&N=566866

[Popeye82]

WHL Energy - Volumetrics confirms world class potential; Steve Noske: "To have confirmed, with good quality seismic, leads +prospects of this magnitude within our portfolio is a great achievement for WHL Energy’s technical team. With mean prospective resources in the order of 5 billion barrels of oil, WHL Energy’s exploration acreage has been confirmed as truly world class. Furthermore the identification of numerous play types within three separate fairways provides management with great confidence as it progresses farm-out discussions" - Sep 27, 2011

HL:

+ WHL Energy’s mapping +interpretation of recently acquired seismic data confirms numerous multi-hundred million barrel oil prospects +leads

+ Total mean prospective +best estimate oil resource of 5.5 billion barrels

+ Interpretation confirms an extensive +diverse portfolio of 27 leads +prospects

+ Quality seismic provides a high level of confidence in now completed mapping

+ Three separate fairways identified, providing a level of geological independence +diversity across the portfolio

+ Materiality of the portfolio being confirmed by highly regarded independent oil +gas expert Netherland Sewell +Associates

+ World class scale of the portfolio continues to attract interest from many international oil majors ...
www.stocknessmonster.com/news-item?S=WHN&E=ASX&N=558631



Leading External Petroleum Consultant’s Estimates Confirm WHL Energy’s Assessment of World Class Potential for WHL Energy’s Oil &Gas Exploration Portfolio, Offshore Seychelles - Nov 10, 2011

HL:

+ Internationally recognised Petroleum Consultant Netherland Sewell &Associates, Inc. report has confirmed the potential of WHL Energy’s 21 most advanced prospects +leads, offshore Seychelles that are world class in scale

+ Mean prospective resources of >3.4 billion barrels are broadly in line with WHL Energy’s internal assessment

+ Additional prospects +leads identified from the recent seismic acquisition continue to be analysed by WHL Energy

+ Farm-out process continues to receive significant interest from major international oil +gas companies. ...
www.stocknessmonster.com/news-item?S=WHN&E=ASX&N=566155

[Popeye82]

OriginOil Announces Commercial Algae Harvesting System; Algae Appliance set for commercial release in early ´12 will help producers meet rising demand - Oct 16, 2011
www.originoil.com/company-news/originoil-announces-commercia…

"LOS ANGELES--(BUSINESS WIRE)-- OriginOil, Inc. (OTC/BB: OOIL), the developer of a breakthrough technology to extract oil from algae and an emerging leader in the global algae oil services industry, today announced the Algae Appliance™, a commercial entry-level algae harvesting system that will help producers process algae at very low cost and without chemicals.


Slated for commercial release in the first half of 2012, the Algae Appliance provides a low energy, chemical-free, continuous flow 'wet harvest' system, with the potential to remove up to 90 percent of the initial water volume. Field testing will begin soon with select partners who have current or near-term large volumes of algae for harvesting. Interested parties should sign up at www.algaeappliance.com.

Larry Sirmans, Technical Director of OriginOil's key Australian partner MBD Energy, observed: "This Algae Appliance should be very beneficial to producers and researchers who are developing the most efficient processes for growing algae at commercial scale."

"We are continuing to scale up our technology at MBD's pilot site in Australia," said Bill Charneski, OriginOil senior director of product engineering. "Now, everything we have learned is going into a standardized entry-level system to help the worldwide algae industry meet the high demand for sustainable, low-cost algae production."

Charneski introduced the new Algae Appliance today at the 4th Algae World Asia conference in Beijing, China. The new system is modular and incorporates low-energy, chemical-free concentration. Optionally, the system can also 'crack' the microscopic algae cells for downstream processing needs. Energy requirements are extremely low, at about 0.002 kWh to process 10 liters per minute, the Algae Appliance's middle range of performance.

"Our Algae Appliance can process as little as two liters per minute, which is perfect for a small research installation," said Ken Reynolds, OriginOil's vice president of marketing. "But it is versatile enough to handle up to ten times that rate, serving capacities of 100,000 liters and more. And of course we'll make it easy for our customers to upgrade all the way to production scale."

"With algae-based fuels now being used in commercial aviation and in the military , there is tremendous pressure on our industry to deliver much lower-cost, high-volume algae products," said Riggs Eckelberry, OriginOil CEO. "The Algae Appliance is expected to answer this demand, and drive the eventual licensing and distribution of our technology worldwide."


About OriginOil, Inc. (www.originoil.com)

OriginOil helps algae growers extract oil from algae for use as a feedstock for the commercial production of transportation fuels, chemicals and foods. In a single step, our breakthrough technology efficiently dewaters and breaks down algae for its useful products, overcoming one of the greatest challenges in making algae a viable replacement for petroleum. As a pioneer and the emerging leader in the global algae oil services field, OriginOil supports its core algae extraction technology with an array of process innovations for some of the world's most successful algae growers and refiners, just as pioneers like Schlumberger and Halliburton have done in the oilfield services industry. To learn more about OriginOil®, please visit our website at www.originoil.com. "

[Popeye82]

Ethiopian Potash - Drilling +Assay Update; completed 16 diamond drill holes totalling 3,353 metres on its Danakil Potash Project. The initial 16 holes were drilled in the South-west Target Area, Holes 17 +18 are currently being drilled to test the northern continuation of the South-west Target Area, All holes have intersected the Danakil Potash bearing sequence; An additional 11 holes(19 through 29) are planned to complete the 1st phase of exploration on the South-west Target Area, +provide the Company with sufficient drilling to meet its objective of putting 1 billion tonnes of potash resource in this part of the property into an updated 43-101 compliant report; Road building is ongoing +drilling of the Colluli Target Area with targets @100 metres depth or < is expected to begin early in the New Year, with the same resource objective as in the South-west Target Area; Assays turnaround time +consequent lack of news has been a great disappointment to management +to our shareholders. As result, the Company has directed all core samples for analysis to the Saskatchewan Research Council, Saskatoon, Saskatchewan("SRC"). SRC is recognized as one of the best laboratories for potash analysis, pilot plant testing +flow sheet design, Company has been assured that assays can be expected within 15 days of receipt of the samples; Company anticipates being able to release assays on a number of holes in the 1st week of December - Nov 16, 2011
www.marketwire.com/press-release/ethiopian-potash-drilling-a…
www.ethiopianpotash.com/DrillMap.html

[Popeye82]

Functional Technologies - Commences Confirmatory Food Trials With Acrylamide-Preventing Yeasts in Non-Bread, Starch-Based Foods for European Food Processor, including extruded snack food pellets, which are purchased +integrated by numerous downstream food manufacturers into a variety of other food products. These downstream food manufacturers represent many brand leaders in the processed food industries , +the Collaborator has established its global position over decades; These trials are being conducted to confirm the efficacy of the Company's proprietary acrylamide-preventing(AP) yeast technology in a variety of materials received from the Collaborator, used in non-bread related food applications. Functional Technologies' recently announced 3rd generation AP yeast technology will be employed, with the results expected to not only build on but also surpass the level of, +timing required for, efficacy that was previously attained in the products of another leading European food producer using the Company's 1st generation technology, The determination of efficacy will be conducted under simulated commercial conditions +product manufacturing protocols specified by the Collaborator, in which yeast is both traditionally +non-traditionally employed. This provides Functional Technologies with valuable opportunities to optimize the conditions +parameters under which its proprietary AP yeast platform is most effective. The collaboration also illustrates the efforts +willingness of major global food producers to seek +adopt innovative acrylamide-mitigating strategies +solutions in their processing practices; H. Louie: "Functional Technologies continues to generate validating commercial interest in its yeast platforms, endorsing the appeal of its acrylamide-preventing technologies as a potentially valuable strategy to mitigate the risk of this food contaminant. This collaboration also speaks to the opportunity for the Company's proprietary yeasts to have critical impact in a wide range of food applications, which is enabled in part by the platform nature of our technologies in being able to address any number of yeast strains to suit the various needs of end-user food producers across multiple sectors" - Nov 16, 2011
www.marketwire.com/press-release/functional-technologies-com…

[Popeye82]

Rio Verde Minerals - Announces Completion of 1st Drill Hole, with Significant Potash Intersections Totaling 79m of Sylvinite +Carnallitite, @Sergipe Potash Project; S. Keith: "This is an important milestone for Rio Verde. The completion of this 1st drill hole marks the 1st step to proving out our potash resource. Our goal with this hole was to prove that this target has the potential to host a mineable potash resource. We are pleased with the preliminary evaluation of the hole +the confirmation of sylvinite with considerable thickness. In addition, we were pleased to intercept substantial carnallitite layers, starting @~27m below the last sylvinite horizon, as this had not been identified in Petrobras' historical oil well log . With >79m of potash horizons, Rio Verde has shown the potential for a significant potash development @the Sergi Prospect"; This week, work continues on-site with down-hole geophysical surveys, such as gamma ray +density profiles, which will be used for the reinterpretation of historical oil wells, +check-shot surveys to calibrate historical seismic data. These will help in determining the location of our next drill-holes @the Sergi Prospect.@-depth temperature will also be measured in order to determine conditions for an envisioned solution mining +recovery process, Next week, the samples extracted from the 10 potash layers will be submitted for analysis @the certified laboratory in Germany, which is specialized in salt analysis, Results are expected within 4 -6 weeks - Nov 16, 2011
www.marketwire.com/press-release/rio-verde-minerals-announce…
http://media3.marketwire.com/docs/745463.jpg

[Popeye82]

New Millennium Iron - Announces Signing by TSMC of an Impact +Benefit Agreement with the Innu Nation of Labrador - Nov 15, 2011
www.marketwire.com/press-release/new-millennium-announces-si…

[Popeye82]

Modern Water Plc - appoints Non-Executive Chairman of MW China; From ´00 to ´08 Simon was President of US Fortune 500 company Corning Incorporated in China. He drove the development of Corning’s world-leading specialty glass +materials businesses, increasing their China sales from $80 million to >$450 million , opening seven new factories +increasing the number of employees from 80 to >3,000 - Sep 14, 2011
www.modernwater.co.uk/assets/pdfs/MW_China_Nonexec_RNS_reach…


Modern Water acquires Microtox - Nov 11, 2011
www.modernwater.co.uk/assets/pdfs/mw_microtox_acquisition_no…

[Popeye82]

A Graphite Junior With a Different Focus -Canada’s Focus Metals aims to be the world’s lowest cost graphene source - IM - Oct 11, 2011
www.focusmetals.ca/wp-content/uploads/2011/10/INTERVIEW-A-gr…

[Popeye82]

Nevado Resources - Announces the 1st Phase of Intensive Exploration, on Its Properties Near Fermont; 2nd exploration phase including a drilling program planned for Q2 ´12 - Nov 16, 2011
www.marketwire.com/press-release/nevado-announces-first-phas…

[Popeye82]

Argex Mining - to acquire Quinto's claims on the Lac Brule Property, is composed of one block of 35 map-designated claims covering a total of 19.6 km2 +is located @the center of Argex's existing claim block in the sector; Historical exploration work completed on the property in the ´50's +´70's outlined three massive ilmenite lenses. An internal study completed in ´05 following definition drilling completed on Lens A +Lens B reported a mineral resource estimate totalling 3.8 million tonnes +having an average grade of 30.1% TiO2. Such tonnage is however not confirmed by the 43-101 report; Roy Bonnel: "This acquisition will complete our current set of properties in the Lac Brûlé area. It will provide us with a strong complement to our La Blache deposits with the potential contribution of higher grade TiO2 mineralization. Processing significantly higher grade TiO2 through the hydro-metallurgical plant should strongly increase the project's potential cash-flow without increasing capital costs" - Nov 16, 2011
http://finance.yahoo.com/news/Argex-acquire-Quinto-claims-cn…

[Popeye82]

IC Potash prefeas outlines low cost operation, @Ochoa - MW, TORONTO - Nov 16, 2011

- Matthew Hill -
www.miningweekly.com/article/ic-potash-prefeas-outlines-low-…
http://finance.yahoo.com/news/IC-Potash-Corp-Announces-cnw-2…

"Toronto-based IC Potash on Tuesday announced the positive results of a prefeasibility study for its Ochoa project in New Mexico, which described an 843 000 t/y operation that will cost $706-million to build.

The study gave Ochoa a $1.3-billion after-tax net present value, pegging operating costs at $147/t, IC said in a statement.

CEO Sidney Himmel said the operating costs were in the lowest quartile for the industry.

According to the study, which Gustavson Associates prepared, Ochoa would produce 568 000 t/y of sulfate of potash (SOP), and 275 000 t/y of sulfate of potash magnesia.

SOP is a less common form of the crop nutrient, but one which fetches a price premium to muriate of potash (MOP).

The SOP market is around six-million tons a year, around one-tenth as large as the MOP market. Because SOP does not contain chloride, it is better for saltier soils, and its use leads to better colour, aroma, and distribution of mass in crops that have it added to their fields.

Production at Ochoa is set to start in 2015.

The study gave the project a before-tax 32% internal rate of return, with a is 3.9 year after-tax payback period.

Shares in IC rose just under 1% on the TSX to close at C$1.18. "

[Popeye82]

Toward Low-Carbon Cities in Urban China; Bank-supported project is modernizing heating systems &increasing energy efficiency in residential buildings - WB - Nov 9, 2011

+ Residential buildings in China use twice as much energy to heat as equally cold places in Europe or the U.S.

+ A Bank-supported project has modernized heating systems and s&up energy efficiency in buildings in China’s urban areas.

+ The Bank is prepared to expand efforts –to look into how to integrate energy efficiency of buildings into low-carbon cities as a whole. ...
www.worldbank.org/en/news/2011/11/09/building-energy-efficie…

[Popeye82]

TANBREEZ Mining - secures a JORC Standard resource: >1,000 Mt grading 2% ZrO2, 0.25% Nb2O5, 0.5% REO, 0.1% Y2O3 +0.025% Ta2O5; probably the largest REE deposit in the world ; distribution of light +heavy REEs in eudialyte reported to be 88%/12% - Sep 22, 2011
www.slideshare.net/larslundsoerensen/geology-and-ore-no-20-9…
www.tanbreez.com/English/page10.html

[Popeye82]

Predictive Discovery - Bonseiga Gold Project Strike Extended by 10km; P. Roberts: "Predictive Discovery’s ground acquisition strategy in Burkina Faso is aimed @expanding tenement holdings in the north‐east of the country within an approximate 60km radius. This creates the opportunity to centrally process gold ore from a cluster of ore deposits discovered on this large regional tenement holding. The Kogodou South acquisition fits perfectly with this approach. In addition, this prospective but virtually unexplored area lies largely under thin alluvial cover +is therefore very well suited to application of the PredictoreTM technology as the Company seeks extensions to the Laterite Hill gold mineralised system" - Nov 16, 2011

HL:

+ PDI signs option agreement to acquire Kogodou South, Burkina Faso.

+ 45km2 exploration permit on interpreted south‐western extension of known gold mineralised system with >16km strike length encountered in previous PDI drilling. ...
www.stocknessmonster.com/news-item?S=PDI&E=ASX&N=364885

[Popeye82]

Marmota Energy - Hematite Iron Target for Western Spur; has highlighted its potential to be one of South Australia's largest single hematite iron ore bodies, with grades ranging up to 58.9% Fe +28.07% Mn; intends to conduct an aggressive exploration program immediately to test the resource potential of Western Spur - Nov 16, 2011

HL:

+ Independently assessed 60 –125Mt 1st stage iron ore exploration target @Western Spur, northeast of the Leigh Creek coal fields.

+ Significant additional resource potential estimated over 8 km strike with grades up to 58.9% Fe from sampling program

+ Very low levels of deleterious elements within specifications for blast furnace feed

+ Surface sampling was conducted by Marmota over outcrops +one mine shaft. The Company believes significant portions of Western Spur’s ore zone remain unexposed, potentially complementing the large scale iron exposures. This is not unusual for iron projects as seen elsewhere that have substantial ore zones but with only limited surface outcrop

+ The iron mineralisation @Western Spur contrasted in its mode of formation +probable age with other known South Australian iron projects. Therefore, @this early stage of examination, it is regarded as a new type of potentially economic iron deposit for South Australia

+ Excellent access to infrastructure – only 13 km from main Moomba arterial road

+ Follow up programs being planned ...
www.stocknessmonster.com/news-item?S=MEU&E=ASX&N=185699

[Popeye82]

Antwort auf Beitrag Nr.: 42.063.141 von Popeye82 am 09.09.11 04:29:50

Mountain Lake Resources - >25,000 Metres of Drilling in 150 Drill Holes Completed in ´11 @the Valentine Lake Gold Project in Central Newfoundland; now anticipates the release of the updated Resource Estimate in late Q4 ´11 or early Q1 ´12 - Nov 11, 2011
http://finance.yahoo.com/news/Mountain-Lake-Over-25-000-bw-6…

[Popeye82]

Antwort auf Beitrag Nr.: 42.063.141 von Popeye82 am 09.09.11 04:29:50

Ghana to hike taxes on mining companies; will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the ´12 budget delivered to Parliament on Wednesday, corporate tax rate on miners will increase to 35% from 25% +a separate 10% tax on windfall profits will be introduced, according to the text, move follows talks between Ghana's government +gold miners last month, in which the government proposed new ways for the country to benefit from the soaring price of the precious metal;Ghana is Africa's 2nd-biggest gold producer nation +the International Monetary Fund said in October it had recommended the country consider increasing taxes or introducing new ones to boost revenue, Ghana, also the continent's newest oil producer +the world's No. 2 cocoa grower, expects GDP growth of 9.4% in ´12 from 13.6% in ´11 - MW/Reuters, ACCRA - Nov 16, 2011
www.miningweekly.com/article/ghana-to-hike-taxes-on-mining-c…

[Popeye82]

Antwort auf Beitrag Nr.: 42.063.141 von Popeye82 am 09.09.11 04:29:50

Russia's High Stakes Energy Geopolitics; Nord Stream, the huge Russian-German pipeline project, began delivering gas to the EU - GR - Nov 14, 2011

- By F. William Engdahl -
www.globalresearch.ca/index.php?context=va&aid=27653

[Popeye82]

Northern Star Resources - Drilling @Paulsens returns 12178g/t Gold, one of the richest results in Australian gold mining history - Nov 17, 2011
www.stocknessmonster.com/news-item?S=NST&E=ASX&N=567005

[Popeye82]

Andover Ventures - >Doubles Land Position @the Sun Property Located in the Ambler District, Alaska; Ambler district hosts one of the richest known volcanogenic-massive-sulphide(VMS) copper-zinc-lead-gold-silver deposits in the world - Nov 17, 2011
www.marketwire.com/press-release/andover-more-than-doubles-l…

[Popeye82]

Smartcool Systems - Deploys its Energy Saving Technology in India to a 5th Facility for Genpact Ltd.; global leader in business process and technology management, will save on average, an additional 80,000 kWh +$10,000 USD/year by implementing Smartcool technology@its Haryana facility; Manoj Prasad: "During the last few years we have installed the Smartcool ESM™ product in four other Genpact facilities in India. Our energy cost savings have increased with each installation of Smartcool technology, +our electrical usage +demand have fallen significantly. We look forward to continuing this trend with the installation of Smartcool technology @our Haryana center", G. Burnes: "The deployment of Smartcool technology in 5th Genpact facility is further evidence of the value proposition Smartcool provides facilities across India +around the world" - Sep 15, 2011
http://finance.yahoo.com/news/Smartcool-Deploys-Energy-cnw-1…



Smartcool Launches ECO(3) Distribution Blitz with New Dealer Program for US Market, focused on achieving widespread product recognition +volume sales for the ECO3. Smartcool anticipates this program will generate an increase in ECO3 sales by 300% in ´12, in addition to continued growth from existing ECO3 distributors, In addition Smartcool is training a small cohort of Installers to provide installation services +technical support for customers in each target region of the program; G. Burnes: "Our goal with the ECO3 Dealer Program is to identify a limited number of qualified Dealers in major population centers, who have the sales expertise to bring our ECO3 into the massive residential +small commercial market. We have already proven we have a market leading product, we simply need many new feet on the ground to reach customers desperate for relief from high energy bills", B. Kemp: "I have worked extensively with the ECO3 in the field +recognize it as the single most cost effective +reliable energy efficiency product on the market. I am excited to join Smartcool +drive the new ECO3 Dealer Program, as I know that we will be bringing two major benefits to the market. 1st, we save energy +money for our customers. 2nd, our Dealer initiative introduces small businesses +individuals to an exceptional product that will substantially increase their profitability despite a difficult economic climate " - Oct 27, 2011
http://finance.yahoo.com/news/Smartcool-Launches-ECO-3-cnw-3…



Makro Cash &Carry, a division of the Metro Asset Management Group, the 4th largest retailer in the world, Deploys Smartcool Energy Efficiency Technology to Wholesale Outlet Stores across Poland; latest rollout is a direct result of a successful pilot project by Bricks &Bits, Smartcool's Eastern European distributor. In the pilot project, the ESM™ was installed on the refrigeration +air conditioning system in a Makro outlet, producing energy savings of 174,214 kWh for the store. The energy cost savings that resulted from this program gave Makro a return on investment in 20 months ; G. Burnes: "The rapid success Bricks &Bits has achieved with the Metro Group shows the ease with which customers can seamlessly integrate Smartcool energy efficiency technology into their refrigeration +air conditioning systems. The Metro Group's decision to deploy Smartcool technology to their wholesale stores in Poland , demonstrates the value Smartcool offers to the retail industry. This is reinforced by several other major retailers, including Sainsbury's +Tesco, who continue to recognize robust energy savings provided by earlier installations of Smartcool's ESM™ on their refrigeration systems" - Nov 17, 2011
http://finance.yahoo.com/news/The-Metro-Group-Deploys-prnews…

[Popeye82]

Mining Summary - LC - Nov 17, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Premium Exploration - >Doubles Friday Zone Strike Length; Resource Development Planning Underway - Nov 17, 2011
www.marketwire.com/press-release/premium-exploration-doubles…

[Popeye82]

Cardero Resource - Announces Letter of Intent to Acquire the Trefi Metallurgical Coal Property Located in the Peace River Coalfield of Northeast British Columbia; deposit has been explored previously by Gulf Canada(27 drillholes for 6,332 metres) +by Anglo Pacific(5 drillholes for 1,006 metres); has a 43-101-compliant in-situ resource comprising 39.1Mt M/I +51Mt I resources; deposit is located within 60 kilometres of the Company's flagship metallurgical coal deposit @Carbon Creek +~65 kilometres from the Company's proposed rail loadout site; M. Hunter: "Cardero is very pleased to be working with Anglo Pacific to develop the Trefi coal deposit. We believe that the asset provides the potential for synergies with other assets we have in the region +allows us to remain focused on acquiring +developing metallurgical coal resources" - Nov 17, 2011
www.marketwire.com/press-release/cardero-announces-letter-in…

[Popeye82]

MetroCoal - Columboola JV Increases Resource to 1.297 Billion Tonnes; increases Overall Resource to 2.363 Billion tonnes - Nov 18, 2011

HL:

+ Inferred Resource increased from 540 million tonnes to 1.297 Billion tonnes of thermal coal.

+ Drilling continues to increase confidence in the Macalister Seam as a potential economic mineable package.

+ MetroCoal’s total thermal coal resource increases to 2.363 Billion tonnes** on a 100% basis(see following Table). ...
www.stocknessmonster.com/news-item?S=MTE&E=ASX&N=237434

[Popeye82]

Guttenberg meldet sich zurück; Ex-Minister lästert über europäische Politiker in der Euro-Krise - DPA, HALIFAX - Nov 19, 2011
http://web.de/magazine/finanzen/euro-krise/14178996-guttenbe…

[Popeye82]

European investment demand for gold underpins $57.7bn quarterly record; Gold demand climbed 6% to 1 053.9 t in the 3rd quarter, an all-time high of $57.7-billion in value terms, with European investment demand surging to a quarterly record of 118.1 t, or €4.6-billion, the World Gold Council(WGC) reported on Thursday. The European investment demand, which was up 135% year-on-year, was more than the combined investment demand from China, India &the US . WGC said the surge was driven mainly by concerns over the eurozone sovereign debt crisis - MW, JOHANNESBURG - Nov 17, 2011

- H. Lazenby -
www.miningweekly.com/article/european-investment-demand-for-…

[Popeye82]

Fairstar Resources - Steeple Hill Iron Project Mining Lease Granted - Nov 17, 2011

+ WA Government grants mining lease M28/373, covering SHIP tenements

+ Further significant progress towards fast tracking development

+ Takes FairStar closer to obtaining $A300 million funding facility

+ Transforms FairStar from explorer to producer ...
www.fairstarresources.com/downloads/announcements/fas_201111…

[Popeye82]

Mining Summary - LC - Nov 18, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Quickstep Holdings - Teams With Audi in Automotive Development Project; PRESCHE project commences in November ´11 +will run until October ´14, program is expected to run in parallel with other Quickstep RST developments focused on the early industrialisation of the technology for specific automotive requirements - Nov 22, 2011

HL:

+ Aim is to automate composite part manufacturing,

+ Reduce composite manufacturing costs by 30% +;

+ Deliver A Grade automotive finish parts; The ability to rapidly manufacture +cure composite parts to A-Grade surface finish for the automotive industry without the need +expense of traditional autoclaves presents a significant opportunity for Quickstep. The ultimate goal is high volume, low cost composite component manufacturing so the industry can deliver lighter vehicles with reduced fuel consumption +carbon dioxide emissions.

+ Key components of the study are; the definition of the concept for industrialisation, manufacture of demonstration parts followed by a detailed economic evaluation ...
www.stocknessmonster.com/news-item?S=QHL&E=ASX&N=567739

[Popeye82]

Altura Mining - Resource Increase @Pilgangoora Lithium Project - Nov 21, 2011

HL:

+ JORC compliant Mineral Resource estimate increase of 2.75 million tonnes of mineralised spodumene pegmatites @1.06% Li2O from S1 Target Area.

+ Total Pilgangoora Mineral Resource estimate of 13.29 million tonnes of mineralised spodumene pegmatites @1.21% Li2O.

+ Contained lithium oxide(Li2O) of 161,000 tonnes.

+ Pilgangoora lithium deposit is characterised by thick mineralised pegmatites outcropping @surface with an extremely low waste to ore ratio which will considerably enhance the economics for the resource that has been identified.

+ Further Mineral Resource estimate increases for C1, N1 &E1 targets expected upon receipt of assays from recent drilling.

+ Project moves closer to current exploration target of 18 to 25 million tonnes @1.3 to 1.6% Li2O. ...
www.stocknessmonster.com/news-item?S=AJM&E=ASX&N=567461

[Popeye82]

Champion Minerals Releases Updated Preliminary Economic Assessment Study for Fire Lake North Project +Initiates Feasibility Study - Nov 21, 2011

+ Based on a 25 year financial analysis, Fire Lake North Base Case has a Net Present Value of $4 billion @a discounted cash flow rate of 8%

+ The Internal Rate of Return for the project is 41.5% +the payback period is 2.3 years

+ Annual production rate of 10 million tonnes of concentrate for the 1st 5 years

+ Average annual production of 8.7 million tonnes of iron concentrate grading 65% total iron

+ In Pit resources are sufficient for a 40 year mine life

+ Study recommends investigating the option to double the production rate based on the 922 million Tonne "In Pit" resources ...
www.marketwire.com/press-release/champion-minerals-releases-…
http://media3.marketwire.com/docs/746524.pdf

"TORONTO, ONTARIO--(Marketwire - Nov. 21, 2011) - Champion Minerals Inc. ("Champion" or the "Company") (TSX:CHM)(FRANKFURT:P02) is pleased to announce the results of its updated Preliminary Economic Assessment ("PEA") study on the Fire Lake North Project that was performed by BBA Inc. ("BBA"). Concentrator production would average 8.7 million tonnes of concentrate per year ("Mtpa") grading 65% iron for the first 25 of the 40 year mine life; however, the first five years of the financial model will average nearly 10 Mtpa of concentrate production.


The 2011 PEA study produced a Net Present Value of $4 billion at a discounted cash flow rate of 8% with an Internal Rate of Return ("IRR") of 41.5% and a capital payback period of 2.3 years. The US$ exchange rate is assumed to be at par value with the Canadian dollar. Table 1 provides the Net Present Values calculated at various discounted cash flow rates for the Base Case production scenario.

The financial analysis in the PEA study used a price of $115 per tonne of iron concentrate ($/tonne is FOB Sept-Iles), the mine life in the study is 40 years and the capital payback period is 2.3 years.


Table 1: Fire Lake North – Preliminary Economic Assessment Results (Pre-Tax)

Internal Rate of Return (IRR) (8% Discount Rate) 41.5 %
Undiscounted Cash Flow 10.9 $ billion
Net Present Value @ 5% Discounted Cash Flow 5.6 $ billion
Net Present Value @ 8% Discounted Cash Flow 4.0 $ billion
Net Present Value @ 10% Discounted Cash Flow 3.2 $ billion
Payback Period (8% Discount Rate) 2.3 Years


The PEA was completed by Dr. André Allaire, Eng., M.Eng., Ph.D., and Mr. Stéphane Normandin Eng., from BBA, an international, multi-disciplinary, engineering firm with expertise in mining and metallurgy, based in Montreal, (Quebec). BBA's National Instrument ("NI") 43-101 Technical Report will be posted by Champion on SEDAR at www.sedar.com within 45 days of the date of this press release. The PEA study has an accuracy of +/-30%, which is considered industry standard for preliminary capital and operating cost estimates.

The PEA has been developed with a higher degree of detail than normally required, which will facilitate the transition directly into the Feasibility Study phase. In the Feasibility Study, both the Base Case option, as well as the option of adding a second production line, will be studied.

Excluding the contingency, the cost of rail and port infrastructure totals $325.6 million, as itemized in Table 2. The cost to develop the mine and concentrator complex totals $841.7 million, which equates to $97 per tonne of the 8.7 million tonnes of annualized production of iron concentrate, a typical rate for mines in the Fermont Iron Ore District.

Capital expenditures total $1,368 million for 100% of the Project with the cost of rail and port infrastructure included. This PEA study assumes the usage of the Sept-Iles multi user Port facility project that is planned for completion in Q1/Q2 2014.


Table 2: Capital Expenditures($ millions)

Cost Centers - $ millions

Pre-stripping of open pit areas 97.5
Concentrator and site infrastructure including loadout facilities 682.3
Railway (62km distance and 94km total including turnaround loop and sidings) 228.8
Port Facilities: Railcar unloading, stacker/reclaimer, conveyors 96.8
Environmental and Tailings Management 27.9
Other Pre Production Costs 34.0

Sub Total 1,167
Contingency 201
Grand Total (100% of the project) 1,368


As Champion holds an 82.5% interest in the Fire Lake North Project, it is responsible for this proportional share of the capital expenditures. Fancamp Exploration Ltd. is responsible for the remaining 17.5% of the capital expenditures.

Operating costs are outlined in Table 3.


Table 3: Operating Expenditures($/Tonne of Concentrate)

Cost Parameters - Average 25 years - Average years 1 to 5

Mining 22.56 12.13
Concentrator crushing and processing 4.52 3.97
Site Infrastructure, Sales, & General Administration 4.40 3.39
Environmental Tailings and Management 0.29 0.26
Rail Transport 15.52 16.14
Port facilities 3.72 3.57

Total 51.01 39.46
Equipment Lease Cost(not included in above total) 1.67 5.17


The production scenario maintains a strip ratio of 2:1 for the first three years of operation during the payback period, whereas the 25 year mine life is 3.7:1.

In this Project Base Case production scenario, the size of the autogenous grinding mill ("AG Mill") and associated horsepower was increased in order to optimize the production rate and enhance the economic metrics compared to the initial PEA completed in 2010.

The designed "In Pit" resources at an 8% Total Iron cut-off are 921.8 million tonnes grading 28.8% Total Iron. At a 15% cut-off grade, these resources decrease slightly to 908.5 million tonnes, grading 29.1% Total Iron whereas they amount to 833 million tonnes grading 30.1% Total Iron at a 20% cut off. This demonstrates the quality of the "In Pit" resources. The current global NI 43-101 Mineral Resource Estimate was announced on October 3, 2011 (See Champion's press release dated October 3, 2011)1. As the designed "In Pit" resources of the Fire Lake North Project are now 921.8 million tonnes, the recommendation in the PEA is to evaluate the option of increasing the production rate by adding a second production line in the concentrator. This will be included in the scope of the 2012 Feasibility Study.

The PEA study is based on a stand-alone operation at Fire Lake North and does not consider any other adjacent projects in the area (refer to the appended Figure 1 map). The resource definition drilling program has been initiated and is designed to convert the majority of the current resources to the Measured and Indicated categories for the 2012 Feasibility Study for both production rate scenarios, i.e., associated to one or two concentrator production lines.

Results from the PEA indicate Fire Lake North to be a viable and economically robust project for the Base Case production scenario. Further evaluation of options to reduce costs and increase concentrate production could significantly enhance the project economics. The additional capital required to increase production with the addition of a second production line would be significantly less than the capital expenditures for this first production line. Other options will be evaluated during the course of the Feasibility Study with a focus on cost reduction. Ongoing discussions with strategic partners and stakeholders to evaluate various rail transportation options are being studied.

Tom Larsen, Champion's President and CEO states, "The excellent 2011 exploration results have translated into a more than threefold increase in the Net Present Value for Fire Lake North . We currently have sufficient resources to support two concentrator production lines of high quality iron concentrate. Fire Lake North will be Champion's initial mine operation due to the higher quality iron ore present that is coarser grained and clean of deleterious elements. With the PEA study in hand, we will continue our discussions with potential strategic partners as we move to complete the feasibility study in 2012. "

There is potential for Fire Lake North to become a significant low cost iron ore producer with a new concentrator equipped with today's advanced mineral processing technologies. The Company will further analyze lower cost opportunities during the Feasibility Study.


The Fire Lake North Project

Fire Lake North is located adjacent (to the north) of ArcelorMittal's operating Fire Lake Mine and is 60 km to the south of Cliffs Natural Resources Inc.'s ("Cliffs") Bloom Lake Mine in northeastern Quebec. Fire Lake North is situated at the southern end of the Labrador Trough, known to be coarser grained due to higher grade metamorphism within the Grenville geological Province. The Fermont-Wabush-Labrador City Iron Ore District is world renowned Iron ore mining camp, and is considered to be an optimal location to develop Iron ore resource projects.

The four Iron ore producers in the vicinity comprise Canada's Iron ore production currently estimated at more than 40 million tonnes of Iron concentrate per year, including production from Cliffs' Bloom Lake Mine which was commissioned last year by Consolidated Thompson Iron Mines Limited. It was the first mine to be built in this district since the 1970's.


About Champion Minerals Inc.

Champion Minerals Inc. is an Iron ore exploration and development company with offices in Montreal and Toronto, focused on developing its significant Iron ore resources in the provinces of Quebec and Newfoundland & Labrador. The Company's Iron projects include: the Fermont Holdings (714 km2) in Quebec, jointly held by Champion (82.5% interest) and Fancamp Exploration Ltd. (TSX VENTURE:FNC), (17.5% interest); and the Attikamagen Iron Property (310 km2) in Quebec and Labrador.

Champion's Fermont Holdings, including the flagship Fire Lake North Project, are located in Canada's only Iron ore producing district, in close proximity to four producing mine and concentrator complexes. Champion's management team and advisory board includes international mining and exploration professionals with operational expertise to effectively advance the Fire Lake North Project into feasibility, construction, commissioning, and production.

Additional resources hosted in Champion's adjacent projects (See Figure 1) could contribute further to the resource base for the Fire Lake North operation and possibly lead to additional production lines. Recent intersections announced at the Oil Can Project adjacent to the north of the Fire Lake North Project continue to define resources with potentially low strip ratios.


1 The quoted Mineral Resource estimates were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council June 30th, 2011.

1 Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The mineral resource estimate may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues.


The technical information in this news release was prepared, revised and approved by Dr. André Allaire, Eng., M.Eng., Ph.D., Mr. Stéphane Normandin Eng., from BBA Inc., and Mr. Jean Luc Chouinard Director of Projects for Champion Minerals. All individuals are Qualified Persons under NI 43-101 standards. Mr. Allaire and Mr. Normandin, are both independent of the issuer.

Please visit Champion's website at www.championminerals.com "

[Popeye82]

Apollo Minerals - Gravity Survey Commences, @Commonwealth Hill Iron Project - Nov 22, 2011

+ Detailed ground gravity survey commences focused on mapping zones of high grade iron mineralisation

+ Final approval granted to allow exploration +resource definition drilling to begin

+ Drilling programme planned for January ´12 ...
www.apollominerals.com/images/apollomi---vohwi.pdf

[Popeye82]

Blackwood Corporation - announces Maiden 2.1 to 3.2 Billion Tonnes Thermal Coal JORC Exploration Target, @South Pentland Project - Nov 21, 2011

HL:

+ JORC Exploration Target of 2.1 –3.2 Billion Tonnes of Thermal Coal is constrained using strict production-­‐based criteria to seams with average thickness of >2m +basal seam depth of <600m.

+ Exploration activities fast tracked –PhaseI &II exploration programs completed two months ahead of schedule. Ten(10) new drill holes drilled +two(2) new seismic lines recorded.

+ Historical data captured, coded, validated +reinterpreted –>70 historical drill holes are used in the geological model +five(5) historical seismic lines used to aid interpretation +assessment.

+ Encouraging infrastructure solutions identified for the project –Project is adjacent to existing QR rail network, +<250km to coastal ports. MOU’s executed for QR +Port of Townsville.

+ Forward work programs –next Phase of South Pentland Project development is planned +scheduled to commence in Q1 ´12 with enlarged exploration efforts to explore a number of priority projects concurrently. ...
www.stocknessmonster.com/news-item?S=BWD&E=ASX&N=567448

[Popeye82]

Mindax - Mt Forrest Iron Resource Upgrade - Nov 22, 2011

HL:

+ The beneficiable magnetite(BM) resource base @Mt Forrest has been updated to incorporate additional drilling, assay, geology +geometallurgical information.

+ The Indicated BM resource now totals 248.2 million tonnes @32.6% Fe(cut off 25% Fe), a 200% increase.

+ The full BM Resource(Indicated +Inferred Category) now stands @1.35 billion tonnes @31.5% Fe(cut off 25% Fe).

+ Mineralisation includes high tenor secondary magnetite development with varying degrees of alteration to microplatey hematite +martite.

+ High tenor BM mineralisation of 26.7Mt @42.1% Fe(Indicated +Inferred Category, cut off 40% Fe) has been defined +remains open along strike.

+ A resource update for the regolith iron mineralisation is in preparation. ...
www.stocknessmonster.com/news-item?S=MDX&E=ASX&N=567833

[Popeye82]

China: growing, driving but challenging the global seafood market; China has a snowballing interest in the seafood market &while this is driving the global industry, it is also putting pressure on it, according to industry expert; Peter Redmayne, president of Sea Fare Expositions, co-organisers of Fisheries &Seafood Expo in China: "The Chinese have more money. Wages are increasing 30%/year &there are now 250 million Chinese considered middle class, &by ´20, that number will rise to 700 million. To say the Chinese market is red hot is an accurate statement… while Chinese seafood consumption has always been growing, we’ve never seen anything like this " - FNA - Nov 21, 2011

- Kacey Culliney -
www.foodnavigator-asia.com/Markets/China-growing-driving-but…

[Popeye82]

Eisenerz mit längstem durchgängigen Preisanstieg aller Zeiten - GI - Nov 18, 2011
www.goldinvest.de/index.php/eisenerz-mit-laengstem-durchgaen…

[Popeye82]

Rogue Resources - Appoints Freeman Smith Executive VP &Director, Smith has worked with a number of exploration +production companies, including BHP +Teck ; Completes PhaseI, @Radio Hill; Steve de Jong: "As Executive VP, Mr. Smith's initial focus will be to spearhead the ongoing recruitment +development of our technical team as we look to capitalize on our competitive advantage. Rogue's advantage will be found in its ability to decrease overall time to market by utilizing existing infrastructure +access to a nearby mining-savvy workforce. Strong iron ore prices +this exceptional infrastructure, combined with detailed knowledge of the deposit through the extensive historical work have removed a lot of the unknowns typical of an exploration project " - Nov 22, 2011

HL:

+ PhaseI: 3,100meters of Drilling Completed, Preliminary results from PhaseI have been encouraging +the historical work appears to be consistent with new data

+ PhaseII: Drilling Commenced; Will Conclude with 43-101 Resource Estimate

+ Initial Assays Received +Being Compiled with Davis Tube Results

+ Management Building Technical Team to Move Radio Hill Toward the Next Stage of Exploration +Development ...
www.marketwire.com/press-release/rogue-resources-appoints-fr…

[Popeye82]

Century Iron Mines - +Altius Minerals Announce Completion of Acquisition by Century, of Altius Labrador Iron Ore Properties; S. Chim: "We are delighted to have completed the acquisition of the 4Altius iron ore properties in the Labrador Trough. I very much look forward to continuing our partnership with the professional team @Altius, a highly regarded Newfoundland +Labrador company, to develop the Projects to production", B. Dalton: "Century Iron +its Sandy Chim led entrepreneurial team represents an excellent partner for Altius +we are pleased to announce this successful deal closing. Century has the ambition, skill +international business relationships required to rapidly define +develop resources from this extensive package of properties. Altius looks forward to providing continuing support +to a very mutually beneficial long-term partnership with Century Iron Mines" - Nov 22, 2011
www.marketwire.com/press-release/century-iron-mines-altius-m…

[Popeye82]

Rupee Plunges to Record Low as India RBI Weighs Options to Stem Currency Drop -currency dropped past the previous low of 52.18, reached on March 3, ´09. It earlier touched 52.73, the weakest level since @least ´73 , when data became available - BB - Nov 22, 2011

- Jeanette Rodrigues +Anoop Agrawal -
www.bloomberg.com/news/2011-11-22/indian-rupee-plunges-to-re…

[Popeye82]

Free database download: 207 advanced biofuels &chems projects ; Advanced biofuels, chemicals capacity to reach 5.11B gallons by ´15; 207 projects now tracked; 79 project updates, 27 countries - BD - Nov 16, 2011

- J. Lane -

- In Florida, Biofuels Digest is reporting that global advanced biofuels +renewable chemicals capacity will reach 5.11 billion gallons by ´15.

Today, the Digest released version 2.0 of its free Advanced Biofuels Project Database, which tracks advanced biofuels +renewable chemicals capacity for the ´11 -´16 period. The new database includes updates on 79 new projects, +includes projects in 27 countries.

For the 1st time, pure-play renewable chemicals projects are included in the database, including projects from Blue Marble Biomaterials, Genomatica, Metabolix, Myriant, NatureWorks, Rivertop Renewables, Segetis, +Verdezyne.

Companies updating their guidance include Abengoa, Algenol, Amyris, BioAmber, BP Biofuels, Celenese, Cellana, Chempolis, COFCO, Comet Biorefining, DSM, Dynamotive, EdeniQ, Elevance Renewable Sciences, Genomatica, Gevo, Highlands EnviroFuels, Honeywell's UOP, LS9, Phycal, Phyco, Renmatix, Solazyme, Solena, Sundrop Fuels, Terrabon, TMO Renewables, Virent +ZeaChem. ...-
http://biofuelsdigest.com/bdigest/2011/11/16/advanced-biofue…

[Popeye82]

Horizonte Minerals plc - Further High Grade Nickel Drill Results from the Araguaia Nickel Project, Brazil; updated mineral resource estimate expected by the end of the year - Nov 21, 2011

HL:

+ New high grade intersections on the Baião target include:

- 11.1 metres grading 2.01% Ni
- 15.0 metres grading 1.88% Ni
- 16.9 metres grading 1.85% Ni


+ High grade intersection on the Vila Oito East target of 12.7 metres grading 1.87% Ni

+ 539 drill holes totalling 13,204 metres completed to date as part of the infill resource drilling programme

+ Preliminary Economic Assessment('PEA') commenced September ´11

+ Environmental Baseline Study commenced in October ´11

+ Pyrometallurgical test work including Thermal Characterisation +Batch Smelting Tests are being undertaken @Xstrata's Process Support in Sudbury, Canada

+ Hydrometallurgical test work including Bottle Roll Leaching +Atmospheric Tank Leaching tests are being undertaken @the Wardell-Armstrong laboratory in the UK ...
www.londonstockexchange.com/exchange/news/market-news/market…

[Popeye82]

Mining Summary - LC - Nov 22, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Galileo Resources Plc - drills 243.12m @1.98% HREO, 17.19% P2O5 &0.73% Nb2O5 - Nov 10, 2011
www.galileoresources.com/rns_pdf/Glenover%20Rare%20Earths%20…

[Popeye82]

Many EU biodiesel producers facing extinction due to demand drop, low-cost imports; In Belgium, the European Biodiesel Board expects that many European biodiesel producers will go out of business in the next few months as internal market demand slows +imports from cheaper producers continue to take advantage of the market. The EBB expects the EU will need to impose import barriers @some point in the near future - BD - Nov 16, 2011

- Meghan Sapp -
http://biofuelsdigest.com/bdigest/2011/11/16/many-eu-biodies…

[Popeye82]

Nandan Cleantec says its jatropha seed business will grow 25 percent/year through ´15; In India, jatropha seed developer Nandan Cleantec expects sales to grow by per 25%/year through ´15 due to demand for high oil-yielding varieties. The company raised $25 million with its IPO on the London Stock Exchange's Alternative Investment Market last week. The company had $100 million in revenues last year +expects $200 million next year - BD - Nov 16, 2011

- Meghan Sapp -
http://biofuelsdigest.com/bdigest/2011/11/16/nandan-cleantec…

[Popeye82]

EU Aviation Standards: Algae Oil’s Threshold Market - AIM - Nov 14, 2011

- R. Eckelberry -
www.algaeindustrymagazine.com/algae-business-eu-aviation-sta…

[Popeye82]

New Millennium Iron - Announces the Award of the General Construction Contract +Updates on the Construction Progress of its DSO Project - Nov 22, 2011
www.marketwire.com/press-release/new-millennium-iron-corp-an…

[Popeye82]

Zambia lifts metals export ban; ZAMBIA has lifted a ban on metal exports just two days after imposing it to sort out irregularities +increase transparency in Africa's top copper producer, a minerals ministry official said on Thursday - mmx/Reuters - Oct 6, 2011
www.miningmx.com/news/base_metals/Zambia-lifts-metals-export…





Zambia eyes 35 percent stake in mine projects; ZAMBIA will negotiate larger stakes in projects with foreign mining firms +plans to revamp tax collection to improve transparency +maximise benefits for itself, the minister of mines said - mmx/Reuters - Oct 13, 2011
www.miningmx.com/news/markets/Zambia-eyes-35-stake-in-mine-p…





Zambia suspends issuance of mining licences; ZAMBIA has suspended the issuance of new mining licences to root out potential corruption +"clean up" the process, the mines minister in Africa's top copper producer said on Thursday - mmx/Reuters - Oct 20, 2011
www.miningmx.com/news/markets/Zambia-suspends-issuance-of-mi…

[Popeye82]

Have you heard about the Irish gold mine? - mmx - Oct 21, 2011
www.miningmx.com/news/gold_and_silver/have-you-heard-about-t…

"MOST gold miners require considerable funding just to get off the ground, but a man from Northern Ireland has embraced "low cost techniques" favouring nature, fertiliser and a household heater.

Unfortunately, his efforts have landed him in jail.


The Belfast Telegraph reported on Thursday that Paul Moran (30) has been jailed for three months for trying to turn his own faeces into gold by putting it on an electric heater.

The bizarre experiment, however, caused around £3,000 worth of damage to his home in a block of flats in July.

Moran admitted arson and endangering the lives of others.

According to the report, the judge told Moran: “Rather bizarrely you were attempting to make gold from human faeces and waste products. It was an interesting experiment to fulfil the alchemist’s dream, but wasn’t going to succeed.”

On Friday, Fairfax Securities commented it was “sad” to hear about Moran’s incarceration.

“In times of low economic growth it is important that entrepreneurship, innovation and scientific endeavour are embraced to reduce costs for profitable metals production ,” said Fairfax.

“The world has been made by dreamers but unfortunately for Mr Moran (and luckily for many of our clients) this dream was one step too far.”

In another effort to turn poo into gold , residents of the Taiwanese town of New Taipei City were offered a chance to win gold bars for handing in bags of doggy deposits, according to a Reuters report in August.

The lucky draw formed part of city authorities' efforts to encourage dog owners to clean up after their pets. "

[Popeye82]

Visually Explore PopSci's 139-Year Archives; Our new interactive tool charts the frequency of any word in the full-text archive of Popular Science since 1872 , transforming 1,563 issues into mineable data - PopSci - Nov 10, 2011
www.popsci.com/content/wordfrequency#internet/?cmpid=enews11…

[Popeye82]

Email geht ins Auge ; Neuartige Kontaktlinse soll Bilder direkt ins Auge projizieren - W - Nov 22, 2011
http://web.de/magazine/digitale-welt/computer/14196064-das-b…

[Popeye82]

China's Forex Purchases Fall for 1st Time in 4 Years; China's funds outstanding for foreign exchange(FOFE) fell in October, the 1st time since ´07, down RMB 24.89 billion($3.9 billion) from September, the People’s Bank of China, or central bank, said on Monday - BC - Nov 22, 2011
http://en.21cbh.com/HTML/2011-11-22/4NMjM0XzIxMTI4Ng.html

[Popeye82]

EMED Mining - Project Rio Tinto Update - Nov 23, 2011
www.londonstockexchange.com/exchange/news/market-news/market…

[Popeye82]

Mining Summary - LC - Nov 23, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Monax Mining - signs Option Agreement over iron sands project in Chile - Nov 23, 2011

HL:

+ Monax has signed an option agreement for a iron sands project in Chile.

+ Preliminary assessment has shown magnetite in sand grades up to 64.5% Fe.

+ The iron prospects were discovered in the late ´70’s +sampling undertaken comprised auger drilling +trenching. The mineral assemblage has been determined by various methods including point counting(petrography), heavy liquid separation +magnetic separation testing; sand prospects occur from below sea level to an elevation of 35m above sea level +have typical sand dune topography. Limited metallurgical testing has shown that sand from the La Barca prospect can produce a concentrate with an iron content of 64.5% +4.9% Titanium(see Table below). This compares favourably to other known iron sand deposits -in New Zealand, Peru +Fiji.

+ Leases located close to existing infrastructure.

+ Under the terms of the agreement, Monax has 90 days to undertake due diligence on the project. During this period, the Company will complete a ground-penetrating radar survey to estimate the volume of sand within the leases; Leading global project engineering firm engaged to undertake a scoping study. ...
www.monaxmining.com.au/site/index.php?option=com_docman&task…

[Popeye82]

Genetic breakthrough @Iowa State increases algae biomass 50 -80%; patent-pending technology is available for licensing from the Iowa State University Research Foundation, which also provided technology development funds - Nov 22, 2011
www.originoilceo.com/2011/11/22/genetic-breakthrough-at-iowa…

[Popeye82]

Coal will continue to play a key role in SA power future; The use of coal to generate power in South Africa would only stop when the resource was depleted, +not because it would be replaced by renewable energy, XMP Consulting senior coal analyst Xavier Prevost said on Tuesday. South Africa, the world’s 6th-largest coal producer, aims to move away from its 93% dependence on coal for power as it undertakes to reduce domestic greenhouse-gas emissions by 34% against a ‘business as usual’ baseline by ´20 - MW, - Nov 1, 2011

- Brindaveni Naidoo -
www.miningweekly.com/article/coal-will-continue-to-play-a-ke…

[Popeye82]

U.S. Navy Expands Algae Biofuel Testing, @Sea +In The Air; LCU tests show that an algae biofuel blend can be used as a drop-in replacement for conventional fuel, without the need for any modifications to the engine, fuel tanks or exhaust system ; All of this activity has its roots in a ´10 Memorandum of Understanding between the Department of the Navy +the U.S. Department of Agriculture to promote the development of the domestic biofuel industry, When the Memorandum of Understanding was announced, Secretary of the Navy Ray Mabus made it clear that the biofuel industry would be called upon to play a critical role in future national defense; R. Marbus: "In order to secure the strategic energy future of the United States, create a more nimble +effective fighting force +protect our planet from destabilizing climate changes, I have committed the Navy +Marine Corps to meet aggressive energy targets that go far beyond previous measures"; One of the immediate goals is to create a seagoing “Green Strike Group” ready for demonstration by ´12. Perhaps disappointing some biofuel fans, the Green Strike Group will rely heavily on nuclear vessels +diesel-electric hybrids as well as biofuel-blend ships, but the reality is that commercial biofuel production will need years of development before it can support either the military or civilian market, The inclusion of nuclear energy in a “green” initiative is also consistent with the Navy’s energy goals, which are not so much pro-biofuel as they are pro-anything-but-petroluem; After the Green Strike Group is tested, the next step for the Navy is to sail a “Great Green Fleet.” , Projected by ´16, the fleet will include both marine vessels +aircraft, such as the Seahawk helicopter +Super Hornet fighter jet, which has been tested on a 50-50 biofuel blend based on the weedy plant camelina - TPMIdeaLab - Oct 31, 2011

- Tina Casey -
http://idealab.talkingpointsmemo.com/2011/10/us-navy-expands…

[Popeye82]

Fancamp Exploration - Partial Magpie Drill Hole Results, drills up to 279.3m @42.89% FeT, 11.48% TiO2 +1.68% Cr203; NI 43-101 report +recommendations is expected in Q1 ´12, Planning for the IPO is still on track, with a target date in mid Q1 - Nov 23, 2011
www.marketwire.com/press-release/fancamp-exploration-ltd-par…

[Popeye82]

Legend Mining - Exploration Target of 300 -500Mt @16-40%Fe, @Melombo East, one of many targets - Nov 23, 2011

HL:

+ Potential for substantial magnetite tonnage established by geophysical modelling of airborne magnetic data to depth of 150m;

+ Grade of 16 -40% Fe based on diamond drilling +rockchip sampling;

+ Magnetite contained within magnetite gneiss host rock. ...
www.stocknessmonster.com/news-item?S=LEG&E=ASX&N=568009

[Popeye82]

Peak Resources - Highest Grade Rare Earth Intersections from Ngualla to date; project also has potential to host large, near surface deposits of niobium – tantalum +phosphate - Nov 23, 2011

HL:

+ Intersection highlights received from seven new holes within the Southern Rare Earth Zone include:

- NRC102: 120m @4.06% REO from surface to EOH,
including 36m @7.40% from 22m

- NRC101: 120m @3.54% REO from surface to EOH,
including 46m @6.17% from surface


+ Results continue to demonstrate that Ngualla is one of the largest +better grade new rare earth discoveries of recent years

+ A maiden JORC compliant rare earth resource will be completed by the end of the 1st quarter of ´12 for both the Southern Rare Earth +the South West Alluvial Zones. ...
www.stocknessmonster.com/news-item?S=PEK&E=ASX&N=567922

[Popeye82]

Carpentaria Exploration - Lower costs boost Hawsons "value to $3.2Bn"; Project is located 60km SW of Broken Hill(Figure 3) +includes an Inferred Magnetite Resource of 1.4 billion tonnes(Bt) @a Davis Tube Recovery(DTR) of 15.5%(12% cut off) +an Exploration Target1 of 6 -11Bt @14-17% DTR; project is a joint venture(JV) with Bonython Metals Group(BMG). Under the joint venture Carpentaria is not required to contribute any expenditure during the proposed mine life , but will receive 20% of total output . On full production of 20mtpa shareholders profits from 4mpta of high-grade concentrate production @zero cost - Nov 21, 2011

HL:

+ In pit crushing +conveying slashes mining costs

+ Project NPV up 14% to $3.2 billion +IRR rises to 23%

+ Operating costs to mine gate down to $33.97/t concentrate after royalties

+ Estimated long term FOB cost of $49/t concentrate

+ Potential for further cost reductions ...
www.stocknessmonster.com/news-item?S=CAP&E=ASX&N=237477

[Popeye82]

Australia’s Largest Ethanol Producer Plans Use of Algae vs. Grain - AI, MANILDRA - Oct11

- Bob Brooks -
www.ai-online.com/Adv/Previous/show_issue.php?id=4353
www.stocknessmonster.com/news-item?S=AEB&E=ASX&N=546845

[Popeye82]

ASEAN now China's top investment destination - PD - Nov 22, 2011

- Zhao Shan -
http://english.peopledaily.com.cn/90778/7652969.html

[Popeye82]

High Growth Markets -Baut China ein neues Afrika? - KPMG - Sep 26, 2011

- die Zeiten, in denen China, Indien und Brasilien nur Empfänger von Auslandsinvestitionen waren, sind vorbei. Zusehends gewinnen sogenannte „South-South-Investments“ , Investitionen der aufstrebenden Wachstumsmärkte in andere Entwicklungsländer, an Bedeutung für die Weltwirtschaft. Insbesondere China und Indien läuten mit ihren Aktivitäten in Sub-Sahara-Afrika einen milliardenschweren Wettbewerb um verbleibende Wachstumsmärkte ein.

Der Schwerpunkt der neuen Oktober-Ausgabe des KPMG Magazins „High Growth Markets“ (PDF, 7.8 MB) erläutert die Perspektiven aktueller South-South-Investitionen in Afrika und beleuchtet die Konsequenzen für deutsche und weitere europäische Konkurrenzunternehmen.


Weitere Themen im Heft: „Frugal Engineering“ - wie Produktdesign speziell für die Bedürfnisse der aufstrebenden Märkte gleichermaßen zur Inspiration und Herausforderung für Industriestaaten wird. Zwei US-Wissenschaftler erklären, wie die Globalisierung und der Aufstieg von Emerging Markets helfen kann, die globale Armut zu reduzieren. Außerdem in der Ausgabe ein Blick auf den argentinischen Markt vor den Wahlen und ein Interview mit dem Pionier im Bereich globaler Investments in Schwellenländer – Mark Mobius. Darin spricht er über Perspektiven Südostasiens für 2011/12, "Hot Money" und Inflationsdruck in Emerging Markets. ...-
http://kpmg.de/docs/HGM_Mag_Oct11_Global_web_sec.pdf?WT.mc_i…
www.kpmg.de/WasWirTun/22688.htm?WT.mc_id=de_HGM_NL_Internati…

[Popeye82]

China must avoid Europe's mistakes; Europe is busy lowering its social welfare level, but China needs to compensate "historical debts" of its social welfare urgently - PDO/Xinhua - Nov 23, 2011

- Liu Min, Huang Shengang +Yao Yujie -
http://english.peopledaily.com.cn/90780/7653217.html

"The financial services industry has grown rapidly in Europe over the past half century, which has led to the massive outsourcing of manufacturing jobs and the hollowing out of the continent's real economy. This background of the European debt crisis has made it impossible for debt-laden European countries to gain strength from their real economy.


China, known as the world's factory, is also experiencing similar problems in certain regions and industries. A case in point is the debt crisis facing many enterprises in Wenzhou, Zhejiang province.

The "Wenzhou debt crisis" appeared on the surface to be caused by usurious loan practices but was actually caused by the hollowing out of the local real economy. A survey found that the three reasons for the hollowing out include local business people's desire for the huge quick profits from loan-sharking and property speculation, relatively great difficulties for manufacturers and a herd instinct .

Experts noted that China should give top priority to eliminating institutional obstacles that hinder the development of its manufacturing industry, driving speculative money out of the real estate market and increasing the investment in real economy, particularly in the manufacturing industry.

Europe is busy lowering its social welfare level, but China needs to compensate "historical debts" of its social welfare urgently

"The crisis has revealed disadvantages of the high-level social welfare , and therefore, Europe may start lowering its social welfare level," A researcher from the Chinese Academy of Social Sciences Tian Dewen said, "But one reason for Europe's long-term stability and economic development is also the high-level social welfare ."

Compared to Europe, the first thing that China should do currently is not to discuss whether the high level of social welfare is feasible but pay off the legacy burdens of its social welfare programs and build up a social welfare system covering both the urban and rural areas.

The 43-year-old Li Daisong came to Beijing to work from the Gansu Province three years ago and his two children are still in his hometown. Li has three wishes: first, he wants reduced costs for migrant workers' medical expenses; second, he wishes his children could study in Beijing with him, and third, he hopes he could have a higher income so that he will be able to support his parents better.

"Getting a job is hard, school costs are high, and it is unaffordable to see a doctor." These three problems are very typical among low-income people.

Trade protectionism is re-appearing and structural transition is becoming more urgent

Since the European debt crisis is deepening, the re-appearance of trade protectionism will go against emerging economies' exports. According to statistics from the World Trade Organization, the trade frictions launched by the United States against China accounted for a half of all the trade disputes launched by it in the first 10 months of 2011.

"Relevant industrial associations and enterprises should respond to the cases actively," said an expert from the National Development and Reform Commission of China Zhang Yansheng, "But fundamentally, China should change its economic development mode and reduce its dependence on foreign trade." "

[Popeye82]

Euro Zone Unlikely to Survive Intact: Poll; The euro zone is unlikely to survive its sovereign debt crisis in current form, according to a majority of leading economists +former policymakers polled by Reuters - FY/Reuters - Nov 23, 2011

- Andy Bruce -
http://finance.yahoo.com/news/euro-zone-unlikely-survive-int…

[Popeye82]

Cap-Ex Ventures - Drill Results Continue to Support New Iron Ore Discovery, on Block 103; Brett Matich: "The Board is pleased with the initial results from the Greenbush Zone discovery. Block 103 appears to host a multi-billion tonne near surface iron ore deposit" - Nov 23, 2011
www.marketwire.com/press-release/cap-ex-ventures-ltd-drill-r…

[Popeye82]

Antwort auf Beitrag Nr.: 42.390.919 von Popeye82 am 23.11.11 20:04:15

Cap-Ex Ventures Ltd.: Retraction of Statement Regarding Iron Ore Deposit - Nov 23, 2011
www.marketwire.com/press-release/cap-ex-ventures-ltd-retract…

[Popeye82]

Black Ridge Mining NL - Unaly Hill Project -Maiden Inferred Resource: 86.200.000t @0.42% V2O5, 24.79% Fe2O3, 23.57% Fe +4.51% TiO2 I - Nov 21, 2011

HL:

+ Significant vanadium Inferred Resource with >86 million tonnes of 0.42% V2O5 @a 0,30% cut-off grade

+ Confirmation of similar mineralization type to Quest Minerals Limited’s(QNL)
Victory Bore Deposit

+ Two significant high-grade zones

+ geological model covers a combine area 2.9 km long by 15 to 40m wide +with maximum vertical extension of 240m deep(Figure 3). The geological model is open in all directions, with strong potential to increase the estimated resource

+ Conceptual study scheduled

+ In light of the discovery of significant vanadium mineralisation @the project, the Company is now investigating opportunities to maximize on its return before any additional exploration takes place, given that the project tonnages are already substantial. Additional marketing work is to be earned by the commencement of discussions with 3rd parties to gauge the demand of the potential ferrovanadium product. These discussions will include possible offtake +joint venture opportunities ...
www.stocknessmonster.com/news-item?S=BRD&E=ASX&N=567494

[Popeye82]

Study casts doubt on undersea mining; M. Hannington: "I think the bottom line that the world needs to understand is that the oceans — @least on the neo-volcanic zones where people are presently exploring —are not going to make a major impact on the total availability of metals. Some companies, like Nautilus, will make a few bucks if they can recover the metals @a cost which is <than that associated with mining on land” All will depend, says Hannington, @how quickly land-based resources get depleted +whether undersea mining can ever be competitive: "Just in the United States, which is not a major mining centre, there are ~90 million tonnes of copper +zinc in the ground that hasn’t been developed. +that’s >than all the metal in the deposits that we think exist in the neo-volcanic zones +the ridges of the oceans" - M.com - Nov 22, 2011

- Andrew Topf -
www.mining.com/2011/11/22/study-casts-doubt-on-undersea-mini…

[Popeye82]

Avonlea Minerals - Major Resource Upgrade, @Ondjou -693Mt @24% Fe - Nov 21, 2011

HL:

+ New resource represents a 33% increase in the previous JORC compliant estimate

+ Resource estimate completed by Independent specialists – Golder Associates

+ Mineralisation occurs in broad zones from surface with likely low stripping ratio

+ Resource remains open both along strike &down dip

+ Multiple new targets still to be tested over 100km+ of strike

+ Avonlea immediately commences conceptual mine plan study ...
www.stocknessmonster.com/news-item?S=AVZ&E=ASX&N=567490

[Popeye82]

West African Iron Ore - phaseI drilling continues to intersect high grade iron ore mineralisation +confirms potential Direct Shipping Ore(DSO) within iron-enriched cap, across portion of Sambalama; latest set of results indicate that mineralisation starts @surface +is continuous over the length of the drill hole. Maximum hole depth is 130m; Guy Duport: "We are delighted with current results +on target to issue our 1st compliant NI43-101 resource report within the 1st 6 months of ´12. Further exploration +analyses are expected to confirm Direct Shipping Ore potential, not only on our Sambalama prospect, but within 10 identified target zone covering a combined 45km strike magnetite anomalies over our Forécariah permit"; As a result the Company has refocused its efforts along a 9,000 metre magnetic anomaly +plans to complete an aggressive 8,000 metre RC drill program by the end of the next quarter, Company is fully funded to achieve this milestone - Nov 22, 2011
http://finance.yahoo.com/news/Black-Iron-Releases-ccn-339687…

[Popeye82]

Smartcool Systems - The Metro Group, 4th largest retailer in the world, Launches Nationwide Rollout of Smartcool Energy Efficiency Technology in Portugal; Smartcool expects to complete the roll out by year-end; S. Martin: "The deployment of Smartcool technology to the 11 Makro wholesale outlet stores in Portugal is our 2nd project with the Metro Group. We started working with them on their Makro outlets in Poland, together with our regional distributor Bricks &Bits Ltd. We have built on our success in Poland to launch this rollout in Portugal working directly with Makro", G. Burnes: "We are happy to be expanding into Portugal thanks to our relationship with the Metro Group. The Metro Group has thousands of locations worldwide +has clearly recognized the value of Smartcool's energy efficiency solutions. The Metro Group joins our expanding portfolio of clients in the retail industry" - Nov 22, 2011
http://finance.yahoo.com/news/The-Metro-Group-Launches-cnw-1…

[Popeye82]

Latin Resources - Advances Towards Maiden JORC Resource Estimate, @the Guadalupito Iron, Gold +Heavy Mineral Sands Project, Northern Peru - Nov 24, 2011

HL:

+ Successfully completed 68 Sonic drill holes +detailed topographic survey within “proof of concept” resource within an area of approximately 300 hectares out of >6000 mapped hectares with outcropping heavy mineral bearing sediments. Detailed topographic surveying of the resource estimate area has allowed the production of a digital terrain model for use in the resource estimation(precision 0.1 m)

+ majority of holes is >20 m deep, which has allowed for a much clearer understanding of the geology of this section of the coastal plain: The extensive conglomerates identified from surface mapping +pitting have been found to continue to a depth of ~5 to 8 m below surface +are underlain by a sequence of sand, coarse in the upper horizons +fining with depth, with silt appearing from ~15 m below surface. From ~20 m below surface, marine clays are found intercalated with silts +fine sands; Heavy mineral content decreases from surface, although there are significant intersections of Heavy Mineral content +gold to depths of up to 20 m(Appendix 2). Total heavy mineral content in the near surface was <than expected based on previously published results of pit samples +it was noted by observation in the field that recovery of the sand matrix(+contained heavy minerals) between the conglomerate clasts by the drill samples was <than ideal in the 1st 3 m sample barrel lift. In order to quantify the loss of sand from this interval, each drill hole that was collared in conglomerate was “twinned” above the water table with 1 m diameter cylindrical shafts advanced ahead of steel casing rings that permitted the extraction of bulk samples without contamination from collapse of the unconsolidated material that comprised the formation.

+ Comparison of total heavy mineral in each metre interval of shaft samples +drill samples showed that there was a clear loss of heavy mineral in a significant number of drill samples above the water table providing sufficient evidence that the shaft samples from the new technique should be used preferentially in the resource estimate

+ Snowden well advanced with generation of geological model for JORC resource estimate.

+ Majority of 1270 drill samples have analytical results completed +are being compiled prior to inclusion in resource estimate.

+ New technique for sampling the upper conglomerate zone. 42 cased shafts to depth of water table(avg. depth 2.8m) have been bulk sampled. New technique introduced as drill holes through this zone have apparent loss of sand containing heavy minerals. Analytical results pending.

+ Samples from 883 x 1 m deep pits pending final analytical results.

+ Latin Resources’ Managing Director, Chris Gale is very pleased with the advances towards the Company’s 1st “proof of concept” JORC resource estimate. Despite the challenging sampling environment, Latin’s team is finalising a quality dataset for use by Snowden in the resource calculation. In addition Mr Gale is very positive about the continuity of mineralisation +the impressive depth extent to 20 m below surface +looks forward to announcing the resource estimate in the very near future +continuing the Company’s exploration activity within the 160 square kilometres of heavy mineral bearing coastal sediments that Latin controls ...
www.stocknessmonster.com/news-item?S=LRS&E=ASX&N=568365

[Popeye82]

Finanztest warnt: enorme Preisunterschiede bei Photovoltaikanlagen; wenn das Geschäft brummt, sind auch im Handwerk die Abzocker nicht weit. Finanztest hat für Solarstromanlagen gleicher Qualität Preisunterschiede von mehreren tausend Euro festgestellt. Offenbar nutzen schwarze Schafe die Blauäugigkeit mancher Hauseigentümer, um völlig überzogene Preise durchzusetzen - KA - Oct 18, 2011
www.klimaktiv.de/article269_12433.html

[Popeye82]

EU-Kommission plant Stromleitungen im "Schnellverfahren"; Die EU will den Ausbau des europäischen Energienetzes schneller vorantreiben. Die Planung +Genehmigung wichtiger europäischer Gas- +Stromleitungen soll auf drei Jahre verkürzt werden. Das sieht eine EU-Verordnung zur Infrastruktur vor, die die Brüsseler Behörde an diesem Mittwoch(19.10.11) vorlegen will. Das Ziel lautet, den Ausbau der Leitungen durch Europa zu beschleunigen, damit die anvisierte Energiewende +die Umstellung auf erneuerbare Energien gelingt; EU will sicherstellen, dass die Bürger künftig «ganz am Anfang eines Projekts» beteiligt werden, sagte ein EU-Diplomat; In Deutschland dauert der Ausbau von Leitungen nach EU-Angaben in der Regel zehn Jahre - KA/DPA, BRÜSSEL - Oct 18, 2011
www.klimaktiv.de/article101_12438.html

[Popeye82]

NuEnergy Capital - Gas in Place resource estimate, Drilling to start late Oct - Oct 4, 2011

HL:

+ Between 4.11 &4.60 Tcf Gas in Place resource estimated in Muara Enim PSC

+ The Muara Enim PSC drilling &coring program is now confirmed to be commencing in late October ´11 upon the arrival of the drilling rig in Indonesia.

+ Drilling &pilot wells being completed &operated in adjacent CBM concessions in the same coal basin within the next six months will assist in further refining gas resource estimates. ...
www.stocknessmonster.com/news-item?S=NGY&E=ASX&N=559977

[Popeye82]

Talon Metals - announces mineral resource estimate for Target Areas IV, V +VI @the Trairão Iron Project, Brazil: 103 million tonnes @ ~29% Fe I; increases Total to 1,205 million tonnes @~35% Fe I - Nov 24, 2011
http://finance.yahoo.com/news/Talon-Metals-announces-cnw-334…

[Popeye82]

Mountain Lake Resources - Initial Drilling Hits Thick Intersection of Gold Mineralization Outside Historical Resource Boundary, @Mountain Lake’s Glover Island Project; purpose of the current 7,000 metre drill program is to validate +expand the historical resource on the Lunch Pond South East(LPSE) Prospect +to complete a National Instrument(NI) 43-101 compliant resource estimate in Q1, ´12 - Nov 24, 2011
http://finance.yahoo.com/news/Initial-Drilling-Hits-Thick-bw…

[Popeye82]

Radar Iron - Maiden 353 Mt Magnetite JORC Resource for Die Hardy - Nov 16, 2011

HL:

+ Maiden JORC reportable Indicated +Inferred Mineral Resource of 353 Mt @26.1% Fe

+ Excellent potential for producing a saleable concentrate

+ Modelling indicates 112 Mt of concentrate grading 69.2% Fe with low contaminants

+ Resource remains open along strike +@depth

+ Overall Die Hardy Exploration Target for magnetite remains @830 Mt –1.38 Bt @25 -35% Fe*

+ Feasibility studies to commence in ´12 ...
www.stocknessmonster.com/news-item?S=RAD&E=ASX&N=566777

[Popeye82]

China to launch iron-ore trading platform in Dec - MW/Reuters, BEIJING - Nov 24, 2011
www.miningweekly.com/article/china-to-launch-iron-ore-tradin…

"China plans to launch its first physical iron-ore trading platform next month as part of efforts to gain more control over pricing in a sector dominated by foreign suppliers.


Ma Zhipeng, vice-general manager of research and development at the China Beijing International Mining Exchange (CBMX), told Reuters on Thursday that the new online platform would be formally launched at the end of December.

CBMX will also introduce a new iron ore price index based on completed transactions at domestic and overseas ports, Ma confirmed.

CBMX officials told the China Daily newspaper that the platform would be open to international and domestic iron ore producers, traders and steel firms, but in a bid to deter speculation, banks and financial organisations would not be allowed to participate.

CBMX vice-president Liang Ruodong said a number of overseas steelmakers have already expressed interest in the platform, which CBMX will set up jointly with the Aluminium Corp of China and the China Everbright Group.

China has long believed that its position as the world's biggest iron ore consumer entitles it to a bigger say when it comes to prices.

Last year, mining giants Vale, BHP Billiton and Rio Tinto ditched the old "benchmark" system in which annual prices were decided through negotiations between buyers and suppliers.

They switched to an index-based system in which contract prices would be adjusted every three months, but China remains suspicious, saying foreign indexes are vulnerable to manipulation and speculation and do not reflect the true state of the market.

The China Iron and Steel Association launched its own price index in October, but few expect it to be capable of competing with established indexes. "

[Popeye82]

U3O8 - Infill Drilling Cuts 2m @0.14% U3O8 +Further Confirms Continuity of Multi-Commodity Mineralization in the Southern Part of the Berlin Project, Colombia; Metallurgical Results Being Corroborated; work is progressing well towards the completion, by year-end, of the 1st National Instrument 43-101("NI 43-101") resource estimate undertaken on the property since the historic 38 million pound("mlb") uranium resource1 was calculated in ´81; Dr. Richard Spencer: "U3O8 Corp's drilling continues to demonstrate remarkable continuity of uranium, vanadium, +phosphate mineralization, accompanied by a suite of other metals that constitute potential by-products, throughout the southern part of the Berlin Project. Furthermore, our trenching has confirmed mineralization in the northern part of the 10.5km trend @Berlin, where we plan to extend drilling in ´12 with the aim of delineating a truly world-class deposit. Results of initial metallurgical test work on the recovery of the different commodities have also been received on a composite sample derived from five bore holes. These positive test results are currently being corroborated +confirmed in a 2nd sample comprised of ore from an additional 10 bore holes, +we expect to release these metallurgical results in December, ´11" - Nov 22, 2011
www.marketwire.com/press-release/u3o8-corps-infill-drilling-…

[Popeye82]

Nanotechnologies for the Poor; Potential opportunities +challenges of nanotechnologies in agriculture, food, +water, Opportunities +constraints; Policy Brief - IFPRI - Jul 14, 2011

- Guillaume Gruère, Clare Narrod +Linda Abbott -

- "Nanotechnology is research +development that involves measuring +manipulating matter @the atomic, molecular +supramolecular levels @scales measured in ~1 to 100 nanometers(nm) in @least one dimension."


Materials @such small scales often exhibit different electrical, magnetic, optical, mechanical, +other physical properties from their bulk material counterparts, leading to the development of potentially revolutionary technologies in a variety of industries, including agriculture +food. By increasing productivity, reducing postharvest loss, improving product quality, increasing the competitiveness of agricultural producers, +improving market access, advances in nanotechnology may present new opportunities to improve the livelihoods of the poor. But nanotechnology may also create new risks.

Investments in agriculture +food nanotechnologies carry increasing weight because their potential benefits range from improved food quality +safety to reduced agricultural inputs +improved processing +nutrition. While most investment is made primarily in developed countries, research advancements provide glimpses of potential applications in agricultural, food, +water safety that could have significant impacts on rural populations in developing countries.

Despite their promise, agricultural +food nanotechnologies, especially those that could reduce poverty or increase food +nutrition security, will likely face many challenges in each step of development—from investment in research +development(R&D) to adoption +use—before being commercialized +used by the rural poor. Many of these obstacles appear in the development of any new technology, but there are also issues specific to nanotechnology: intellectual property rights(IPR), the management of safety +environmental risks in the presence of wide uncertainties, +possible market displacement effects induced by these technologies, among other concerns. This brief presents a review of the potential opportunities +challenges of using nanotech applications for agriculture, food, +water in developing countries. ...-
www.ifpri.org/sites/default/files/publications/bp019.pdf

[Popeye82]

Astra Resources continues on global acquisition trail, reveals corporate strategy for future growth - PAI - Nov 23, 2011
www.proactiveinvestors.com.au/companies/news/22447/astra-res…
www.astraresources.co.uk/newsroom/announcements

"Diversified mining company Astra Resources PLC (Code: 9AR), which is the UK parent company of Astra Mining, has outlined the company's corporate growth strategy for the market.


Astra’s business model is focused on mining and related opportunities, along with technology opportunities including T-Steel, which provide the company with the potential to grow within the resources sector on an international scale.

The company's current interests include direct involvement in the extraction of iron ore, gold and thermal and coking coal, as well as risk management strategies including secondary mining opportunities and mining services housing.

Astra's plan includes pursuing mining projects which are logistically close to market, are licensed or within 12 months of operation, require no major infrastructure infusion, and are in known resource areas and open-cut operations.

Jaydeep Biswas, chief executive officer, added:

“We have established a number of primary mining opportunities for iron ore in India and iron ore sands in the Philippines, both which will provide benefits through supply to the market and for our own needs.

“The recent granting of trading licenses covering the main iron ore producing regions in India will allow Astra to trade and transport self-mined and third party mined iron ore to Paradip Port for export from our own storage and shipping site."

Astra has also signed a memorandum of understanding for an iron sands development in the North East Philippines with the Cagayan River Construction & Development to establish a joint venture entity, which will manage and put to use the iron sands deposits in the Cagayan River Delta.

Gold interests have recently received a boost with a favourable report from the company’s geologist confirming that the Ratanakiri licence area in North East Cambodia has the potential to host an Intrusion Related Gold System - that may be developed into a significant open cut low cost gold mine.

Intrusion Related Gold Systems have only been recognised in the last decade and have been shown to host some of the largest recently discovered gold deposits, with many similar systems typically hosting between one and three million ounces of gold.

Silvana De Cianni, managing director, added that the company’s opportunities in coal in Nigeria provide the potential to secure the joint venture development for a thermal coal exploration license.

“Nigeria is struggling to meet the growing nation’s energy requirements using electrical power, resulting in a renewed focus on alternative energy sources.

“As Nigeria has major underexplored and underexploited high quality coal resources, the Nigerian government is focusing on developing coal-fired power plants and in turn revitalizing the coal mining industry.

“The coal present in the district and surrounds of our license area is low in sulphur and ash, and high in calorific value making it ideal for power generation and export into the international market. This project creates a beach-head for growth in a region which has the potential of 800 million tonnes of thermal coal.”


Risk management strategy in place

Astra has developed a risk management strategy to underpin its primary mining activities with the provision of mining services housing, with an agreement in place with Dubai based facility management company, Janayen, which will include the development of Astra’s land holdings in Rockhampton, Queensland.

Technology, spearheaded by T-Steel, forms the second major part of Astra’s corporate strategy.

T-Steel is a technology that enables existing steel factories to produce steel with improved physical characteristics such as higher tensile strength, better machine ability and higher fatigue limits at a lower cost.

Biswas said that the development of T-Steel dates back to the late 1970’s where the applications were entrusted to a number of senior metallurgists and engineers in the then DAM Steel Works in Hungary.

“During initial development, which was carried out on a ‘no cost spared’ basis, the general directive was that the quality of the steel had to be equal to or better than what was manufactured in the United States and Germany.

“Astra owns a substantial interest in the Intellectual Property pertaining to this technology, has retained full management and control of the technology and retains a number of the experts involved in the original research and development.”

Astra recently increased its shareholding in the technology to 45% ownership. The valuation model estimates the global commercialisation of T-Steel technology has an NPV of €4.47 billion, assuming that the risk level of the project is in line with the industry average.


Green initiatives

A number of secondary opportunities under Astra’s technology platform are carbon efficiencies, green technologies and coal conversion.

Astra is acquiring 76% of Carbony Pty Ltd, the technology company that owns the intellectual property for a carbon dioxide reduction technology that separates the carbon dioxide and sulphur dioxide emissions produced by the combustion of carbon-containing matter.

The main targeted market for the carbon dioxide reduction technology is the heavy industries where the carbon credits and carbon trading arrangements over the next ten years may force a major crisis in terms of taxes and operating and consumer costs.

Astra’s green technology project is Green Gum Technologies, a patented process that is able to produce fine rubber granules of 200 and 300 microns and superfine granules of 180 microns to 150 microns with a small carbon footprint and the ability to provide carbon credits.

The need for rubber granules in road building and road maintenance alone is expected to be in excess of 35,000 tonnes per year over the next five years with considerable use of the product throughout Europe.

De Cianni added that while both the carbon dioxide reduction and green technologies are well advanced as part of Astra’s corporate strategy, the inclusion of coal conversion to the technology table was something the company was aggressively pursuing.

“The purpose of our coal conversion strategy is to develop the technology to allow the use of local low quality coal reserves for power generation in high demand countries.

“Because of their quality these identified coal reserves cannot be used directly for power generation or use as coking coal.

“The technology will however help to develop these reserves to reduce the reliance and costs for high demand countries to import increasing amounts of coal from other producers.”


In other Astra news - reporting requirements met

In other Astra news, the company has continued to meet financial reporting requirements through the signing off of an unqualified audit report by its auditors for its 100% owned subsidiary, Astra Mining Ltd.

The audit report for the year ending 30 June 2011 of Astra Mining Ltd is important as it was this entity which was recently rolled up into the parent entity, Astra Resources PLC (including all of its Australian and international subsidiaries) prior to the listing of Astra Resources on the Frankfurt Stock Exchange.

Biswas said that the company’s unqualified audit report complies with International Financial Reporting Standards and confirms complete compliance with the Australian Corporations Act 2001.

“The financial statements and notes, as set out in the report, are in accordance with the requirements of the Corporations Act and comply with all appropriate accounting standards.

“As stated in the financial statements, the report on Astra constitutes explicit and unreserved compliance with IFRS and gives a true and fair view of the financial position of the consolidated group as at 30 June 2011.”


Profile

Astra Mining’s UK entity, Astra Resources PLC (FRA: 9AR), was listed on the Frankfurt Stock Exchange in September 2011. The primary focus of Astra is to satisfy the expanding resource demands of the world’s largest urbanising nations, principally China and India, through the acquisition of an advanced steel technology known as T-Steel.

Astra aims to secure the supply chain of raw materials integral to steel making, including coking and thermal coal and iron ore, whilst diversifying into other commodities such as gold. In addition to its mining projects, Astra also has other high value ancillary projects including a resources industry based housing development and renewable energy projects. "



Astra Resources to use its steel strengthening technology to produce high margin products - PAI - Nov 24, 2011
www.proactiveinvestors.com.au/companies/news/22521/astra-res…
www.astraresources.co.uk/newsroom/announcements

"Diversified mining company Astra Resources PLC (Code: 9AR), which is the UK parent company of Astra Mining, has committed to the production of high margin steel products such as ball bearing steel through its revolutionary T-Steel technology.


The premium grade steel, which includes the materials for the ball bearings, casing and rings, is used in higher than normal extreme specifications such as the aircraft industry, turbines and nuclear power plant components which demand an extremely high durability and 100% reliable product, something which Astra said the T-Steel process can produce.

Jaydeep Biswas, chief executive officer, said factories which manufacture premium category steels, equivalent to the T3 to T9 T-Steel categories, would be around 12% of the total number of mills in operation.

“Not all of these mills are able to produce the high category of the ball bearing steels, so the ratio drops down to about six to eight per cent of the total number of mills in the market.

“The DAM Steel Works in Hungary, which Astra is negotiating to acquire, is one such mill which is able to produce such high category steels.

“We are aware of the commercial advantages of our position to manufacture high-grade ball bearing and other premium category steels and plan to make it a major component of our manufacturing strategy as it commands a premium price.”

Any factory producing the high durability, long life ball bearing steels has to meet very tough technical requirements, including advanced manufacturing methods and proprietary processes in order to produce 100% fault free steels, all of which the DAM Steel Works meets.

Astra recently increased its shareholding in the technology to 45% ownership of the T-Steel Intellectual Property.

The valuation model estimates that the project of global commercialisation of T-Steel technology has an NPV of €4.47 billion, assuming that the risk level of the project is in line with the industry average.

Astra Resources global portfolio includes gold and iron sands interests in Southeast Asia, coal mines in Africa, iron ore in India, carbon efficient businesses, and the production of the high-strength T-Steel technology in Hungary.


Profile

Astra Mining’s UK entity, Astra Resources PLC (FRA: 9AR), was listed on the Frankfurt Stock Exchange in September 2011. The primary focus of Astra is to satisfy the expanding resource demands of the world’s largest urbanising nations, principally China and India, through the acquisition of an advanced steel technology known as T-Steel.

Astra aims to secure the supply chain of raw materials integral to steel making, including coking and thermal coal and iron ore, whilst diversifying into other commodities such as gold. In addition to its mining projects, Astra also has other high value ancillary projects including a resources industry based housing development and renewable energy projects. "

[Popeye82]

Minotaur Exploration - Maiden JORC Resource for Mutooroo: 1.510.000.000t @18.02% Fe; a Joint Venture between Sumitomo Metal Mining Oceania Pty Ltd(59.1%) +Minotaur Exploration (40.9%); Laterally consistent, well bedded, magnetite-bearing strata in the Mutooroo area occur over a strike extent of ~40 km, Muster Dam drilling covers just 6 km of strike length of the magnetite-bearing Braemar Iron Formation; resource estimate was calculated to a depth of ~360m below surface +the mineralisation is open @depth. @the 10% DTR cut-off the magnetite body varies in width between 200 +400m; In addition to Muster Dam, magnetite deposits occur @the Duffields, Surrender Dam, Peaked Hill, Peaked Hill West +Muster Catch prospects. A section of two RC holes +2 diamond holes was drilled @Duffields to test along strike from higher grade intersections reported from previous drilling. A single hole also tested each of the Peaked Hill, Peaked Hill West +western end of the Duffields prospects. Two holes were also completed at the Maldorky Bore prospect, located on EL3521 Bonython Hill, immediately adjacent to +north of the JV area. Details of these drillholes were presented in the Minotaur September ´11 QR. DTR results from these holes are currently being assessed +will be reported separately with a revision to the previously reported1 Exploration Target⌘(2.4 -4.0Bt) - Nov 24, 2011
www.stocknessmonster.com/news-item?S=MEP&E=ASX&N=185875

[Popeye82]

Linc Energy - Exxaro Resources , South Africa’s 2nd largest coal producer, +LNC explore UCG Opportunities in Africa; E. Venter: "This opportunity aligns with Exxaro’s strategy to enter the cleaner energy market"; P. Bond: "The execution of this MOU supports Linc Energy’s global energy production strategy. By jointly evaluating Exxaro’s coal tenements we can identify coal suitable for UCG to supply much needed energy in this region. Southern Africa is struggling to meet the power +gas demands of its population. This opportunity gives us the potential to identify potentially suitable coal within the region to produce synthesis gas for cleaner power generation or methanated gas(from UCG) for use in the Southern African gas market. Simply put, this opportunity aligns with Linc Energy’s plans of developing commercial UCG around the globe to energy-hungry regions. It dovetails on the back of our recent UCG MOU with UK Coal to pursue similar commercial options in the United Kingdom +Europe. What you’re witnessing are the 1st clear steps of Linc Energy rolling out its 5th generation UCG technology on a commercial path which I’m personally very excited about" - Nov 25, 2011

HL:

+ Exxaro Resources +Linc Energy sign a Memorandum of Understanding(MOU) to study joint Underground Coal Gasification(UCG) opportunities on certain of Exxaro’s coal tenements in South Africa +Botswana

+ Africa has a wealth of unmineable(too deep, low grade) coal resources, which can be exploited by UCG to increase coal resource availability. UCG is known to reduce the safety issues, surface damage +mine collapse issues associated with conventional coal mining. As a result, Exxaro has decided to explore this opportunity, which will enhance the African economy by monetizing previously unmineable coal resources ...
www.stocknessmonster.com/news-item?S=LNC&E=ASX&N=237748

[Popeye82]

Potash West NL - adds significant Kimberley Exploration interest - Nov 23, 2011

HL:

+ Bulk commodity project located close to existing infrastructure, including an
export port.

+ Project Area covers 162 km2 with intersections of glauconite(a source of
potassium for potash production) +phosphate recorded.

+ Heron has undertaken over 2,200m of RC drilling intersecting continuous glauconite +phosphate mineralisation @shallow depth over a tested strike of 14 kilometres. Other investigations include geological modelling, costeaning +preliminary metallurgical evaluations. Flotation tests on the phosphate nodules have produced a concentrate grading 31% P2O5 with 81% recovery.

+ phosphate layer is between 0.5 to 1m thick +underlies the entire tenement area. The phosphate nodules are thought to have formed on the ocean floor as a result of inflow of phosphate rich waters . Phosphate grades for the nodular horizon average 4.2% P2O5, whilst the nodules themselves have an average grade of 21% P2O5. Overlying the phosphate layer is a 1.5 to 2m thick horizon containing green glauconitic clays containing between 3% +4% K2O

+ Potash West +Heron are currently planning the next phase of exploration work @Langey. It is expected to include collection of a bulk sample for process testwork +completion of resource estimate studies

+ Potential to supply growing international +domestic markets.

+ Planning for future exploration work underway. ...
www.stocknessmonster.com/news-item?S=PWN&E=ASX&N=567973

[Popeye82]

Nautilus Minerals - Increases Mineral Resources - Nov 25, 2011

+ The company's total Indicated Resources have increased 18% to 1.03 million tonnes.

+ Total Inferred Resources have risen 36% to 1.8 million tonnes.

+ Contained copper in Indicated Resource @SolwaraI has increased 25% to ~74,000 tonnes.

+ Contained copper in Inferred Resource @SolwaraI has increased 28% to ~125,000 tonnes.

+ Contained gold in Indicated Resource @SolwaraI has increased 23% to ~166,000 ounces.

+ Contained gold in Inferred Resource @SolwaraI has increased 5% to ~317,000 ounces.

+ A maiden Inferred Resource has been declared @Solwara12, 25 km to the north-west of SolwaraI, of 230,000 tonnes, grading 7.3% copper +3.6 g/t gold. ...
www.marketwire.com/press-release/nautilus-increases-mineral-…

[Popeye82]

AUS für die "Super Nanny" ; K. Saalfrank: "In meine Arbeit als Fachkraft in diesem Format wurde extrem...+teilweise sogar geeeeegen pädagogische Interessen eingegriffen", dies sei wohl der "Entwicklung des medialen Markts" hin zu "gescripteter" Realität geschuldet. Für sie selbst komme dies aber nicht mehr in Frage" - W/AK - Nov 26, 2011
http://web.de/magazine/tv/reality-doku/14225764-aus-fuer-die…

[Popeye82]

Curiosity ist zum Mars gestartet; Rover soll ab August ´12 auf Planeten nach Leben Ausschau halten - DPA, WASHINGTON - Nov 26, 2011
http://web.de/magazine/wissen/weltraum/14227142-nasa-schickt…

[Popeye82]

What's Your Investing IQ? - PD - Nov11
www.pinnacledigest.com/iq-challenge

[Popeye82]

Advanced Explorations - Announces Tuktu Inferred Resource Estimate: 465.000.000t @31.1% Total Iron, @a 20% Iron Cut-Off, Reported for TuktuI Deposit; G. Gingerich: "The 465 million tonne Tuktu resource estimate is extremely encouraging given the remarkable consistency of the average grade(31.1%) regardless of the cut-off grade used. With drill tested widths up to 400 m +the depth ranging from 200 -250m, there is significant opportunity to increase the resource @depth +along the 400 m of untested strike. Metallurgical work on drill core samples will commence soon but based on an initial review, we expect these ores to have similar beneficiation characteristics as the A, B +C Zones @our Roche Bay iron project. With the previously released results from the C-Zone(April 6, ´11) the Company's has now delineated >1 billion tonnes of iron ore on its Roche Bay +Tuktu iron properties consisting of an NI 43-101 compliant resource of the Roche Bay Project's C-Zone with 323 million tonnes in the indicated category +226 million tonnes in the inferred category, as well as the new resource estimate for Tuktu @465 million tonnes. The updated C-Zone +new A/B Zone resource estimates should continue to add to our total resource base. The ongoing confirmation of historic resources @Roche Bay +the discovery of additional iron ore @Tuktu further validate the importance of this emerging Melville Peninsula iron district. The resource estimate lays the foundation to undertake an economic assessment as to the conventional exploitation of the TuktuI deposit. While this is a very important next step, the Company's `12 field season priority will be to assess the potential to define a resource associated with the high grade(>62% Fe) prospecting samples taken from TuktuII located 5 kilometres east of TuktuI deposit" - Nov 28, 2011
www.marketwire.com/press-release/advanced-explorations-inc-a…

[Popeye82]

Kilo Goldmines - Comments on Reports of Award of Afghan Iron Ore Concession Block; responding to press reports today that it has been awarded one/four concession blocks comprising the Hajigak iron ore deposit in Afghanistan by the Afghan Ministry of Mines("MOM"). Kilo confirms that it has submitted a bid in response to a request for proposals from the MOM for the mining rights to the four concession block Hajigak iron ore deposit. The Company has not been notified by the MOM of the outcome of the bidding process. If selected, Kilo would have the exclusive right to negotiate with the MOM for the mining rights to the concession block for which it was selected as a "preferred bidder" before a final award is made; If awarded, the project would be held in a new entity with Kilo receiving an initial 20% interest, subject to dilution but with no funding obligation; Hajigak iron ore deposit is situated in the mountainous Bamyan province, 130 km west of the capital, Kabul. It is one of several iron deposits within this area +is the largest located to date - Nov 28, 2011
www.marketwire.com/press-release/kilo-goldmines-comments-on-…

[Popeye82]

Black Iron - Strengthens International Profile -by Retaining Larry King as a Special Advisor; who recently retired from his post with CNN after 25 years as the host of "Larry King Live", is recognized internationally as one of the premier broadcast interviewers. He has won an Emmy Award, two Peabody Awards +ten Cable ACE Awards for work that has been syndicated across the globe. Mr. King has interviewed prominent athletes, actors, writers, politicians +foreign dignitaries, including a number of memorable interviews with Ukrainian +Russian officials - Nov 28, 2011
www.marketwire.com/press-release/black-iron-strengthens-inte…

[Popeye82]

Passport Potash - Retains ERCOSPLAN to Complete Initial Resource Estimate, on Holbrook Basin Project; Company anticipates an initial resource estimate to be completed in Q1 ´12 - Nov 28, 2011
www.marketwire.com/press-release/passport-potash-retains-erc…

[Popeye82]

Linc Energy - Secures 1.200.000.000t Coal Concession in Poland; expects to commence exploration activities in early `12 - Nov 29, 2011
www.stocknessmonster.com/news-item?S=LNC&E=ASX&N=237866

[Popeye82]

Ausmon Resources new venture with Jiangsu Datang in China - AI - 29-Nov-2011
www.australianinvestor.com.au/news.asp?id=42143
www.stocknessmonster.com/news-item?S=AOA&E=ASX&N=658844

"Ausmon Resources Limited have advised that it has entered into an agreement with Jiangsu Datang International Jintan ("Jiangsu") setting out the working arrangements for a joint development of a gas-fired thermoelectric co-generation power project ("Project") in Jiangsu Province in China to supply power to the Jintan Economic Development Zone.

The Project consists of the construction in two phases of a 1,000 MW gas fired thermoelectric co-generation power plant involving investments of RMB 4.5 billion (approximately A$ 700 million).

The Project also includes the construction of a natural gas pipeline to transport gas from the supplier to the power plant.

Ausmon through its business relationships will source gas supply for the Project and has carriage for the construction of the pipeline.

Both parties have agreed to proceed immediately with all the studies, approval procedures and other processes to implement the Project.

Ausmon will seek the approval of its shareholders prior to capital investment in the Project at the relevant time, by reason of its size and nature relative the company's current operations. "

[Popeye82]

Laconia Resources - Acquisition of Advanced Gold Silver Project in Peru - Nov 29, 2011

HL:

+ Laconia Resources acquires the Rasuhuilca advanced gold-silver development project in Peru.

+ Rasuhuilca is a high-grade gold +silver project with outstanding near-term development potential +major exploration upside.

+ A Feasibility Study was conducted @the project in ´08.

+ The project is located ~500km south east of the capital Lima, in southern part of the country.

+ The acquisition is a major milestone establishing Laconia as a significant emerging precious +base metals company.

+ Rasuhuilca complements Laconia’s existing portfolio of high grade precious +base metals projects in WA where the company has delivered strong consistent drilling results.

+ Laconia aims to bring the project into production in 12 -18 months +use its revenues to unlock the project’s major exploration upside.

+ The Project has been acquired from Gold Mines of Peru Ltd for 42 million fully paid ordinary Laconia Shares +14 million Performance Shares.

+ Laconia to raise up to $1.5 million through the issue of 37.5 million shares @$0.04/share. Alto Capital has been appointed as Manager to the Offer. ...
www.stocknessmonster.com/news-item?S=LCR&E=ASX&N=569039

[Popeye82]

Shocking New Updates on UFO +Alien Sightnings +ENCOUNTERS !!
www.slideshare.net/forcema/ufo-alien-etcropcirclesufosslides…

[Popeye82]

Ratingagentur droht USA; Angesichts der horrenden Staatsverschuldung der USA sieht die Ratingagentur Fitch die Topnote für die Kreditwürdigkeit des Landes in Gefahr. Die Ratingagentur bestätigte zwar vorerst die Bewertung "AAA" für US-Staatsanleihen, stufte den Bonitätsausblick aber von "stabil" auf "negativ" herab. Damit gebe es eine Chance von etwas mehr als 50 Prozent , dass die Bewertung in den kommenden zwei Jahren herabgestuft werde - DPA/AFP - Nov 29, 2011
http://wirtschaft.t-online.de/ratingagentur-droht-usa/id_518…

[Popeye82]

Opportunities +Challenges in Algae Biofuels Productions

- Dr. John R. Benemann -
www.futureenergyevents.com/algae/whitepaper/algae_positionpa…

[Popeye82]

CBM Asia Development -&Medco Energi Enter Agreement to Sell Coalbed Methane Gas, from Sekayu PSC; Under the terms of the MOU, the Sekayu CBM PSC has been approved by Indonesia’s upstream oil +gas regulator, BPMigas, to sell coalbed methane produced during the dewatering stage for local power generation. The parties involved are working to define terms of a Gas Sales +Purchase Agreement(“GSPA”) that would provide the basis for gas sales +deliveries which are expected to commence during `12 - Nov 29, 2011
http://finance.yahoo.com/news/CBM-Asia-Development-Medco-bw-…

[Popeye82]

EnWave - Signs Collaboration Agreement With Hormel Foods Corporation; multinational manufacturer +marketer of consumer-branded food +meat products, many of which are among the best known +trusted in the food industry; T. Durance: "Our high-speed, low-cost nutraREV™ technology is being tested by many of the most innovative companies in the food +biomaterials sectors as a possible replacement for freeze drying, air drying +spray drying. We are pleased to be working with Hormel Foods, one of the biggest names in high-quality meat processing" - Nov 29, 2011
www.marketwire.com/press-release/enwave-signs-collaboration-…

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

Century Iron Mines - Announces the Successful Conclusion of Negotiations With WISCO Resources on the Definitive Joint Venture Agreements for Duncan Lake, Attikamagen +Sunny Lake, Agreements will be executed following completion by WISCO Resources of certain internal formalities, @which time the Company will provide a further news release; S. Chim: "We have again achieved an important milestone in the history of our Company. Our successful conclusion of the negotiations with WISCO Resources enables us to expand +expedite the exploration of our Duncan Lake, Attikamagen +Sunny Lake projects with WISCO Resources as our key strategic partner. The funding of these projects under the joint venture agreements will enable us to execute on our significant exploration plans for each of these projects" - Nov 29, 2011
www.marketwire.com/press-release/century-iron-mines-corporat…

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

Should Renewables have Proved Reserves Accounting? , Ceres CEO Richard Hamilton says "yes", +explains why, +how; @Advanced Biofuels Markets, Ceres CEO Richard Hamilton advanced the remarkable proposition that biofuels companies should have the right to book their reserves of crude renewable oil production, in a parallel to the reserve accounting system which forms the bulk of the oil &gas industry balance sheet; Hamilton notes in his remarkable presentation that a system for renewable reserves could, in fact be developed. He based his illustration on the tonnage of biomass per acre, the conversion yields in gallons per ton, +a contract term for which the underlying land would be dedicated to energy production; Hamilton argues, if biofuels are asked to transition out of system by which global agriculture is valued +protected, as opponents of mandates +subsidies would demand, why shouldn't biofuels have access to a parallel system by which global energy is valued +protected? - BD - Nov 29, 2011

- J. Lane -
http://biofuelsdigest.com/bdigest/2011/11/29/renewable-reser…t/

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

´11 US biodiesel production sets all-time record - BD, WASHINGTON DC - Nov 29, 2011

- Meghan Sapp -
http://biofuelsdigest.com/bdigest/2011/11/29/2011-us-biodies…

"In Washington, D.C., the latest government figures show that U.S. biodiesel production has already set a new record for 2011. The National Biodiesel Board (NBB) reports that the industry has produced more than 802 million gallons of biodiesel, more than doubling 2010 production of about 315 million gallons, breaking the previous record of about 690 million gallons set in 2009. The main reason for the increased production is the reinstatement of the federal tax incentive for biodiesel, which is again due to expire at the end of 2011 without congressional action.


Operating without the incentive in 2010, production dropped dramatically as dozens of plants shut down and thousands of jobs were lost. According to a recent economic study conducted by Cardno-Entrix, this year’s increased production will support more than 31,000 jobs – up from fewer than 13,000 last year – while generating at least $3 billion in GDP and $628 million in federal, state and local tax revenues."

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

ICIS launches global biodiesel price report - BD - Nov 29, 2011

- Meghan Sapp -
http://biofuelsdigest.com/bdigest/2011/11/29/icis-launches-g…

"In the UK, the international price reporting service for the global chemical industry, ICIS, has launched a weekly Global Biodiesel report that gives comprehensive coverage of the growing biodiesel market.

ICIS has merged its regional biodiesel reports for Asia, Europe and the Americas into one global report now that the biodiesel markets have become more globalised. The report will contain additional information on the Latin American biodiesel markets, including Argentina and Brazil.

The new report provides weekly biodiesel spot price assessments based on FOB NWE, FOB Rotterdam, CIF ARA T2, FOB Rosario, FOB Midwest, FD Midwest, FOB USG and FOB Southeast Asia. It also features detailed analysis of political market impacts, up-to-date production news on start-ups and planned/unplanned shutdowns, as well as coverage of all related feedstock markets, including vegetable oils, ICE gasoil and crude glycerine. "

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

Lydian International - Drills 99 Meters @4.0g/t Gold(Open @Depth) in New Fault Intersection Zone, @Tigranes; T. Coughlin: "Drill hole DDA-223 has returned one of the most exciting intersections yet @Amulsar. It appears to have drilled into a steep plunging intersection zone where northeast +northwest trending faults +fractures link +interact. In that sense it is quite similar to northwest Artavasdes where long intersections of higher grades +a significant proportion of resource ounces have also been intersected. We have now released 92.7% of our ´11 drilling results, with geological modeling +work on the resource update currently underway +expected to be complete in early ´12" - Nov 29, 2011
www.marketwire.com/press-release/lydian-drills-99-meters-40g…

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

Southwall Technologies - Introduces the World's Highest Performing Insulating Glass - Oct 3, 2011
http://phx.corporate-ir.net/phoenix.zhtml?c=92367&p=irol-new…

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

Heatherdale Resources - announces 31% increase to total mineral resource tonnage @Niblack for the Lookout +adjacent Trio deposits, new Total: 9.031.000t @~0.89% Cu, 1.60g/t Au, 1.58% Zn +26g/t Ag I/I, @a US$50 NSR cutoff; outlined dimensions of the Trio Deposit are ~1,100 feet by 350 feet, with an average thickness of 220 feet; Lookout +Trio are two/six known polymetallic volcanogenic massive sulphide(VMS) deposits within the 10 square-mile Niblack property, all of which remain open, +are candidates for future resource expansion; Advances Pending Preliminary Economic Assessment - Nov 29, 2011
http://finance.yahoo.com/news/Heatherdale-announces-31-cnw-7…

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

20.2% silicon solar cell efficiency @Schott Solar; Schott Solar AG recorded 20.2% efficiency with its mono-crystalline silicon solar cells in the industrial 156mm2 format, verified independently by Fraunhofer ISE Institute of Freiburg - EIQ - Aug 26, 2011
www.electroiq.com/articles/pvw/2011/08/20-2-silicon-solar-ce…



Copper PV metallization yields 18% solar cell efficiency; SCHOTT Solar AG, RENA GmbH, +CiS Forschungsinstitut have created a solar cell with 18% power conversion efficiency manufactured with copper backside metallization - EIQ - Nov 28, 2011
www.electroiq.com/articles/pvw/2011/11/copper-pv-metallizati…



imec, Kaneka replace silver in heterojunction silicon solar cells; have developed silver-free heterojunction silicon solar cells by electroplating a copper grid over the transparent conductive oxide(TCO) layer. imec measured conversion efficiency @>21%(6" silicon substrate) - EIQ - Nov 28, 2011
www.electroiq.com/articles/pvw/2011/11/imec-kaneka-replace-s…



SCHOTT Solar grows monocrystalline silicon with VGF for better PV; SCHOTT Solar's Quasimono combines mono +polycrystalline photovoltaics wafer manufacturing techniques to generate solar cell efficiency of 19.9%, confirmed by Fraunhofer ISE; plans to introduce the SCHOTT PERFORM MONO solar module in ´12 - EIQ - Nov 28, 2011
www.electroiq.com/articles/pvw/2011/11/schott-solar-grows-mo…

[Popeye82]

Antwort auf Beitrag Nr.: 42.297.604 von Popeye82 am 03.11.11 16:19:21

Mokopane iron ore project is a world class asset - Obtala - SG - Nov 27, 2011
www.steelguru.com/raw_material_news/Mokopane_iron_ore_projec…

[Popeye82]

Antwort auf Beitrag Nr.: 42.415.375 von Popeye82 am 29.11.11 19:03:11

Obtala Resources Plc - Resource Estimate on Mokopane Iron Ore Project totals 633.600.000t @~46% Fe2O3, 11.1% TiO2 +0.29% V205 I/I; input database for the mineral resource estimation exercises consists of 3,140.73m in 14 diamond drillholes; has interests of 32% and 34.25% in the underlying subsidiaries that hold the licences over the Mokopane Iron Ore Project; Francesco Scolaro: "I am very pleased with the progress +advances in understanding that has been made on the Mokopane Iron Ore Project. The Mokopane Iron Ore deposit is located in one of the most advanced mining regions in the world with the potential to grow into a world class asset. This initial JORC compliant resource is based principally on only one of the four farms held under licence +suggests great upside potential for the project as a whole. These results highlight what an attractive investment this is, +confirms the quality of the Bushveld management team. I look forward to progressing the project further in the coming months +remain confident of the upside potential of this project for our shareholders" - Nov 25, 2011

HL:

+ Mineral resource estimation +CPR completed

+ Confirmation of robust vanadiferous titanomagnetite(or VTM) mineralisation(the P-Q Zone) averaging between 40 +50 metres in thickness

+ Combined Indicated +Inferred Resources >600.000.000t

+ The P-Q Zone is consistently developed along a strike of 4,200m on only the one farm tested to date +is open ended to the north +south with potential extension onto the remaining farms under licence


- Indicated Mineral Resource for the P-Q Zone, to a vertical depth of 200m using a 35% Fe2O3 cut-off grade:

260.200.000t @46.3% Fe2O3, 11.3% TiO2 +0.18% V205

- Inferred Mineral Resource for the P-Q Zone, to a vertical depth depth of 400m from surface using a 35% Fe2O3 cut-off grade:

307.200.000t @45.6% Fe2O3, 11.5% TiO2 +0.19% V205


+ Main Magnetite Layer("MML") mineral resource estimate reported from two/four farms held under licence:

- Inferred Resource for the Main Magnetite Layer, to a vertical depth of 100m using a 40% Fe2O3 cut-off grade:

66.200.000t @53.1% Fe2O3, 9.2% TiO2 +1.24% V205


+ Project area is situated within the Northern Lobe of the Bushveld Igneous Complex("BIC (SNP: ^BICY - news) ") +covers the top portion of the Main Zone("MZ") +the entire Upper Zone("UZ"). The BIC is the world's largest +economically most important layered complex +is known for the remarkable geological +geochemical continuity of the overall magmatic stratigraphy. Individual units +layers can frequently be traced for tens of kilometres along strike

+ Completed drilling to date, combined with aeromagnetic +geochemistry interpretation suggests a substantial mineral resource with potential for significant extension

+ project is located, ~60km from Polokwane +is in close proximity to several large scale mining operations +associated mining infrastructure

+ Over the next 12 months, BRL's work programme will continue to focus on the objective of proving the continuity +grade of mineralization along strike +down dip. Activities include:

- Acquisition +interpretation of ground geophysics data
- Geological mapping
- Diamond Drilling -regular grid based wide spaced diamond drilling programme
- Initiate pre-feasibility study
- Mineralogical studies +metallurgical test work +initial processing plant design
- Bulk sampling programme
- Preliminary financial evaluation
- Acquisition of additional projects through in-house target generation ...
http://uk.finance.yahoo.com/news/Obtala-Resources-Ltd-Resour…

[Popeye82]

Antwort auf Beitrag Nr.: 42.415.375 von Popeye82 am 29.11.11 19:03:11

Solar Industry Magazine Recognizes Applied Nanotech's Solar Ink Technology - EIQ/RC - Nov 22, 2011

- Jamie Novak -
www.electroiq.com/articles/pvw/print/volume-2011/issue-6/fea…
http://blog.redchip.com/index.php/uncategorized/solar-indust…

[Popeye82]

South Africa regrets privatizing steel giant decades ago as it embarks on $100.000.000.000 infrastructure programme - AA.com - Nov 24, 2011
http://allafrica.com/stories/201111241586.html

"Expressing regret that South Africa had sold off its steel-producing state-owned enterprise (SOE), Iscor, Public Enterprises Minister Malusi Gigaba said that government may enter the steel production industry through the creation of either a new state-owned company or a public-private partnership.


According to Business Report, Gigaba said that, as a consequence of the sale of Iscor, and the fact that price of steel was "so expensive", South Africa faces a costly procurement process, as it moves to increase freight and passenger rail rolling stock, as part of a R800 billion capital expenditure programme.

"One mistake South Africa made was to sell Iscor," said Gigaba, referring to the move by the previous government to privatise the state steel company, which split up into what are now ArcelorMittal South Africa and Kumba Iron Ore. "For quite a long time South Africa did not have an industrial plan... and we were unable to match the progress in terms of set targets," said Gigaba.

According to Business Report, Gigaba stressed that it was critical for South Africa to mirror the experience of countries like Japan, for instance, where the government had laid the foundation of a massive steel product-related industry after World War II, although it had no iron ore . "They decided to become a leading steel producer. They imported iron ore and created a steel manufacturing industry." The form of ownership of the firm was not particular, he said, "It could be a private sector one or it could be in partnership (with the government)". "

[Popeye82]

Cameco quits Hathor bidding war - US.net/MW; TORONTO - Nov 28, 2011
www.uranium-stocks.net/home/cameco-quits-hathor-bidding-war.…

[Popeye82]

Ferrex Plc - Additional High Grade Intercept Returned in 1st Drilling, @the Malelane Iron Ore Project, South Africa - Jul 27, 2011

HL:

+ Near surface high grade iron ore highlights the potential for Malelane to contain direct shipping ore(DSO)

+ High grade iron ore intercept returned:

- Hole SPRC02: 14m @55% Fe(individual samples to 62% Fe) from surface
- Hole SPRC01: 16m @60% Fe(individual samples to 63% Fe) from surface – as
previously announced


+ Wide intervals of iron mineralisation

- Hole SPRC02: 94m @38% Fe from 24m
- Hole SPRC06: 200m @34% Fe from surface to the end of hole


+ Exploration target (as defined in the JORC code) of between 775.000.000 +930.000.000t @34 -36% Fe -calculated by Coffey Mining in early ´11

+ Malelane lies ~350km east of Johannesburg in the Mpumalanga Province of South Africa. In compliance with South Africa’s Black Economic Empowerment(‘BEE’) legislation, Ferrex holds 74% of the Prospecting Right over Malelane. The Prospecting Right, issued for iron ore, covers 4,192Ha. The Project area is ideally located in terms of transport infrastructure, as it is just 6km from a direct rail link to the port of Maputo in Mozambique 175km away

+ Intention to define a maiden JORC compliant resource by Q1 ´12 ...
www.ferrexplc.com/documents/Malelane_Drill_Results.pdf



Drill Commencing Malelane - Sep 14, 2011
www.ferrexplc.com/documents/DrillCommencingMalelane14.09.11.…



Togo Acquisition; In the early ´60s, the United Nations completed a programme of pitting to test the manganese mineralisation @Nayega. 50 pits were dug, irregularly spaced on a 100m by 100m grid to cover the area that seemed to have the greatest potential. Pits were dug to the underlying sandstone, although nine were abandoned due to high water levels #one had to be abandoned @a bed of massive manganese mineralisation too hard to penetrate by hand. Continuous channel samples
were collected from the walls of some pits +prepared for analysis on site. Not all of the prepared samples were assayed. Channel samples returned grades to 39.4% Mn over 1 foot, with Mn levels of selective grab samples ranging up to 50.0% Mn; In the early ´80s, the Bureau de recherches géologiques +minières(‘BRGM’), France's leading public institution involved in geoscience, completed another programme of pitting in the area, also on a 100m by 100m grid. A total of 59 pits were excavated, for a total depth of 61.53m. 17 channel samples collected from the pits were assayed, +returned Mn values ranging from 2.88-45.69%, Based on both phases of work, the BRGM stated an exploration target @Nayega of 14.000.000t @12 -35% Mn; D. Reeves: "Nayega represents a substantial +exciting manganese development opportunity in the prospective northern region of Togo. The acquisition also marks a significant step for Ferrex, one that sees us delivering on our strategy of pursuing additional low capital iron #manganese projects in Africa. The Nayega deposit covers a large area, mineralisation is @surface +it possesses high grade manganese fragments. With these factors combined we believe Nayega has the potential to be developed into a very low capital +operating cost manganese mine. Significant investment has already been injected into the project through previous exploration which will allow us to rapidly #efficiently assess the resource potential +economics of the project, +in turn fast-track it up the value curve. In addition, SGM has been granted further Exploration Permits surrounding the Nayega deposit, consolidating our position in the area, +providing scope for potential resource expansion @Nayega in the future" - Nov 14, 2011

O:

+ Acquisition of a majority interest in a significant manganese deposit in northern Togo

+ Five Exploration Permits granted covering +surrounding Nayega total 92,390ha –
significant potential for value uplift through exploration on the wider prospective area

+ Known deposit spans 2.5km by 1km – average 4m thick from surface +has an exploration target of 6.000.000 to 8.500.000t @14 to 15.5% manganese(‘Mn’)

+ Historic exploration – 109 exploration pits previously excavated on the deposit

+ Geology suggests suitability to a shallow open pit operation with manganese fragments
hosted in a clay matrix

+ Potential for low capex beneficiation process to yield a premium product providing high margins due to the potential simple beneficiation method

+ Direct road access to the major deepwater port of Lome 600km to the south of Nayega ...
www.ferrexplc.com/documents/Togo%20Acquisition%2012%2011%201…

[Popeye82]

Douglas Lake Minerals - Open Letter to Douglas Lake Minerals Shareholders From Reyno Scheepers -Newly Appointed CEO +President - Nov 29, 2011
www.marketwire.com/press-release/open-letter-douglas-lake-mi…

[Popeye82]

Shanta Gold: Don't let scale fool you, New Luika will be a ‘cash machine’ - PAIUK - Aug 8, 2011

- Ian Lyall -
www.proactiveinvestors.co.uk/companies/news/31649/shanta-gol…

[Popeye82]

Sirius Minerals: Assay results confirm York potash project as one of "most significant" in world; C. Fraser: "... There have never been grades or thicknesses like this in any polyhalite deposit anywhere in the world ..."; company is on track to announce a maiden resource for the project in the 1st quarter of ´12 - PAIUK - Nov 28, 2011

- Giles Gwinnett -
www.proactiveinvestors.co.uk/companies/news/36187/sirius-min…
www.siriusminerals.com/chemical-assay-results

[Popeye82]

Astra Resources deals itself into iron sands project in the Philippines - PAIUK - Nov 28, 2011
www.proactiveinvestors.co.uk/companies/news/36162/astra-reso…
www.astraresources.co.uk/newsroom/announcements

"Astra Resources PLC (Code: 9AR) continues on its global expansion trail, with a company subsidiary signing an agreement covering an iron sands project in the Philippines.


The agreement is with Cagayan River Construction & Development Corporation (CRCDC), and establishes a joint venture for the purpose of dredging, developing and managing the iron sands reserves in the Cagayan River Delta - which is located in the Cagayan Valley Region and off-shore in the North Eastern part of Luzon in the Philippines.

The Astra Group will maintain a majority in the joint venture in terms of equity and profit share entitlement, and is subject to Astra providing bond finance facilities for development and operation.

Jaydeep Biswas, chief executive officer of Astra said that the dredging, developmental and mining permits that are currently allocated to CRCDC have now been assigned to the benefit of the joint venture.

“Third party reports including geological studies from CRCDC have been positive, indicating that the area is an established producing region that exports to nearby steel manufacturing markets in China, Korea and Taiwan.

“CRCDC has signed a Memorandum of Agreement with a Provincial Board in the Province of Cagayan, allowing the dredging of the Delta with the responsibility to dispose of the sand metal content and residue.

“The unusually high grade iron content is disposable through export and the residue is recyclable into other construction uses.”

Silvana De Cianni, managing director of Astra, added that the operation will be fully mechanised from river seabed dredging preparation, to suction and discharge to barges. Dredging experts will oversee this aspect of the project.

“For the specific purpose of disposing the sand stone waste and residue and marketing the processed iron component of the sands, a separate subsidiary with Astra at the helm shall be incorporated in Hong Kong.”

Additional geological work and feasibility studies are being conducted in the area prior to finalising the funding from bond financiers.

The Philippine iron sands opportunity will provide Astra with a significant potential export business to China, Taiwan, and Korea at a time when India’s steel industry is growing exponentially and is providing a greater internal market for Astra’s operations in Orissa, India.

Astra Resources’ global portfolio includes gold and iron sands interests in Southeast Asia, coal mines in Africa, iron ore in India, carbon efficient businesses, mining housing developments in Queensland and the production of the high-strength T-Steel technology in Hungary.


Profile

Astra Mining’s UK entity, Astra Resources PLC (FRA: 9AR), was listed on the Frankfurt Stock Exchange in September 2011. The primary focus of Astra is to satisfy the expanding resource demands of the world’s largest urbanising nations, principally China and India, through the acquisition of an advanced steel technology known as T-Steel.

Astra aims to secure the supply chain of raw materials integral to steel making, including coking and thermal coal and iron ore, whilst diversifying into other commodities such as gold. In addition to its mining projects, Astra also has other high value ancillary projects including a resources industry based housing development and renewable energy projects. "

[Popeye82]

Volta Resources - Confirms +Extends Gold Mineralization in the North of its Proposed Open Pit Area, @its Kiaka Gold Project in Burkina Faso; Intersects 213.0m @1.38g/t gold - Nov 29, 2011
http://tmx.quotemedia.com/article.php?newsid=46469482&qm_sym…

[Popeye82]

Flashrobs: Räuber verabreden sich im Internet; Ein neuer Trend aus den USA macht Geschäftsleuten Sorge: Menschen verabreden sich gezielt über soziale Netzwerke wie Facebook +Co., um Geschäfte auszurauben. 'Flashrob' nennt sich die neue Form des Flashmobs +ist eine sehr dreiste Form des Ladendiebstahls
www.spickmich.de/news/201107301900-blitzraub-mithilfe-sozial…

[Popeye82]

Iranische Studenten stürmen britische Botschaft -London droht Teheran mit "ernsthaften Konsequenzen"; Neuer Tiefpunkt im Verhältnis zwischen Großbritannien +Iran: Aus Protest gegen Sanktionen haben Hunderte Studenten die britische Botschaft in Teheran gestürmt, die Polizei ließ sie offenbar gewähren. Großbritannien ist entrüstet - +will die iranische Regierung "für ihr Versagen" zur Rechenschaft ziehen - SZ - Nov 29, 2011
www.sueddeutsche.de/politik/iranische-studenten-stuermen-bri…

[Popeye82]

Cap-Ex Ventures - High Grade Iron Results Confirm Strike Extension to Northwest Zone - Nov 30, 2011
www.marketwire.com/press-release/cap-ex-ventures-ltd-high-gr…

[Popeye82]

Rogue Resources Intersects 141 Meters of 41% Iron, @Radio Hill Iron Project in Timmins, Ontario - Nov 30, 2011

+ 141 Meter Intersection Includes 62 Meters of 49% Iron @Davis Tube Weight Recovery(DTWR) of 39%

+ Thicker Sections of Iron Formation to Be Targeted in PhaseII Drilling, Commenced This Week

+ Historical Concentration Tests Indicate the Potential Ability to Produce a High-Grade Concentrate of 68.3%(Neal +Ridell 1965, pg 53a) Iron With Minimal Contaminants

+ Drilling Focused on 5km Radio Hill Iron Formation, Property Also Contains 12km Long Nat River Iron Formation

+ 1st Drill Program Since ´65: Total Iron Content Noticeably Higher Than Historically Reported Acid-Soluble Iron Content ...
www.marketwire.com/press-release/rogue-resources-intersects-…
www.roguemining.com/i/pdf/11-11%2D30-RRS-Drill-Table-for-Web…
www.brmstatpack.com/lt/1001/1217/radio-hill-geology-and-geop…

[Popeye82]

Macusani Yellowcake - Intersects 9m Averaging 0.123% U3O8(2.4 lbs/ton) Including 2m Grading 0.529% U3O8(10.5 lbs/ton), @Kihitian Property, Peru - Nov 30, 2011
www.marketwire.com/press-release/macusani-yellowcake-interse…
www.macyel.com/kihitian/

[Popeye82]

Columbus Gold - Sells Its Summit Gold Project to Agnico-Eagle, for $8.5 Million; R. Giustra: "This transaction provides considerable cash to Columbus Gold. It represents a significant step forward in our ability to finance advancement of the Paul Isnard gold project in French Guiana, +does so without diluting the ownership of our shareholders" - Nov 30, 2011
www.marketwire.com/press-release/columbus-gold-sells-its-sum…

[Popeye82]

Altius Minerals - Provides Update of Labrador West Iron Ore Option Agreement with Rio Tinto Exploration Canada - Nov 30, 2011
www.marketwire.com/press-release/altius-tsx-als-provides-upd…

[Popeye82]

Lightbridge Corporation - Enters into Agreement with the Korea Atomic Energy Research Institute, to Explore Nuclear Fuel Collaboration Opportunities - Nov 28, 2011
http://finance.yahoo.com/news/Lightbridge-Enters-Agreement-p…

[Popeye82]

MBAC Fertilizer - to receive $114 mln financing for Brazil project - Reuters - Oct 14, 2011
www.reuters.com/article/2011/10/14/mbac-idUSL3E7LE2GH2011101…


MBAC executes binding loan agreement with Banco Itaú BBA - Oct 28, 2011
http://finance.yahoo.com/news/MBAC-executes-binding-loan-cnw…


MBAC Signs US$ 40 Million Loan Agreement with IFC - Nov 21, 2011
http://finance.yahoo.com/news/MBAC-Signs-US-40-Million-Loan-…


MBAC Receives 1st Disbursement Under Project Financing Facility From Itaú/BNDES - Nov 22, 2011
http://finance.yahoo.com/news/MBAC-Receives-First-cnw-280253…

[Popeye82]

Allana Potash - Announces Positive Preliminary Economic Assessment, @its Danakhil Potash Project; makes this project one of the lowest cost +potentially highest return potash projects worldwide - Nov 23, 2011

+ After-tax Net Present Value(@12%) of US $1.85 billion;

+ After-tax Internal Rate of Return of 36.8%;

+ Total development capital expenditures including mining, processing facilities, port +logistics infrastructure("CAPEX") of US $796 million;

+ Total operating expenditures("OPEX") on a per tonne basis(including production, transportation/handling, port, loading costs) FOB on the Vessel of US $90.54

+ PEA is based on Production of one million tonnes of MOP/year using solution mining;

+ Potential to expand production to two million tonnes/year of MOP;

+ SOP production potential to be examined during the ongoing feasibility study. ...
www.allanapotash.com/s/News.asp?ReportID=492096
www.miningweekly.com/article/allana-unveils-positve-pea-for-…

[Popeye82]

S &W Seed Company - PureCircle's Partnership with S&W Seed Company Puts U.S. Stevia Production on Fast Track - Sep 29, 2011
http://finance.yahoo.com/news/PureCircles-Partnership-with-p…


Coke, Pepsi On Board with S&W Seed Co. - Sep 30, 2011
http://finance.yahoo.com/news/Coke-Pepsi-On-Board-with-zacks…


S&W Seed Announces Positive Tests from PureCircle's Stevia Testing, ability to exceed the benchmark standards set by PureCircle is largely attributable to S&W's proprietary deleafing harvest techniques - Nov 10, 2011
http://finance.yahoo.com/news/S-W-Seed-Announces-Positive-pr…


SANW: A stand-out quarter +a reported profit! - Nov 15, 2011
http://finance.yahoo.com/news/SANW-A-stand-quarter-reported-…


S&W Leases Madera Farmland for Alfalfa Seed Production; M. Grewal: "We will continue to find cost effective ways to increase availability of our proprietary varieties @competitive prices. The majority of our production is from our loyal contract growers who have been with S&W for several years. We are adding selectively to this list +experienced San Joaquin Valley +Imperial Valley farmers should contact me personally to discuss their interest in contract growing for us in ´12. We are also open to leasing additional farmland, as long as it is suitable for alfalfa seed production +the lease rate is attractive. As many are aware, alfalfa seed is a highly valued crop for its ability to improve soil quality, particularly our salt tolerant varieties. The agronomists @S&W have many years of experience in growing seed alfalfa, enabling us to quickly step into growing it on leased farmland, as we have shown with the Madera +Kern County properties. There is excellent demand for the alfalfa varieties that our team has bred over many years specifically for Middle Eastern +African climates. Since we believe there is no substitute for 1sthand knowledge of our customers' needs, S&W's Chairman +I recently drove several hundred miles of Saudi Arabia 's farming districts, where we walked dozens of alfalfa fields on both large corporate farms +small family farms. We met +talked directly with farmers, many of whom have planted our varieties for the 1st time. In fact, in a joint effort with our outstanding Saudi sales team, we converted >150 new Saudi farmers to S&W in the ´11 calendar year. We also added significant new customers in other Middle Eastern States +Africa. If we can continue to price S&W seed within reach of small +medium sized farms in the region, its yield +quality benefits will continue to win farmers over to our brand" - Nov 22, 2011
http://finance.yahoo.com/news/S-W-Leases-Madera-Farmland-prn…

[Popeye82]

More iron-ore supply than demand, soft market probable in short-term –Kumba - MW, JOHANNESBURG - Nov 30, 2011

- M. Creamer -
www.miningweekly.com/article/more-iron-ore-supply-than-deman…

[Popeye82]

Century "aims" for 10Mt/y iron output in 5 years; the junior that concluded talks over a joint venture agreement this week with China’s Minmetals &Wuhan Iron &Steel Company(Wisco) on its Canadian properties, "hopes" to be a 10-million ton/year producer by around ´15 -&could ultimately reach the 100-million tons yearly mark, CEO Sandy Chim said in an interview - MW, TORONTO - Dec 1, 2011

- Matthew Hill -
www.miningweekly.com/article/century-aims-for-10mty-iron-out…

[Popeye82]

Tawana Resources NL - Mofe Creek Iron Ore License Granted in Liberia; Len Kolff: "This represents an exciting opportunity to explore highly prospective Archean geology within one of Liberia’s historic premier iron districts +a further extension of the Company’s commitment to rapid growth in West Africa. Initial reconnaissance sampling is very promising, returning >49% Fe with low impurities +with the project located only 25 km from the coast, adjacent to a heavy haul railway +only 65 km to an
existing deep water port it is certainly in a good location" - Nov 29, 2011

HL:

+ 285 km2 Mineral Reconnaissance License granted(100% TAW)

+ Licence 10 km along strike from historic Bomi Hills Fe ore mine; historic production of 50 Mt high-grade DSO magnetite @64 -66% Fe, 4 -6% SiO2, 0.75 -1.50% Al2O3 +0.09-1.00% P

+ Large, discrete magnetic anomalies over a 35 km strike @Mofe Creek comparable to 15 km strike @Bomi Hills

+ Coarse grained magnetite iron formation +massive magnetite observed in outcrop +road cuttings

+ Initial reconnaissance sampling returns results of 49.2% Fe, 27.3% SiO2, 1.1% Al2O3, 0.008% P +1.7% LOI in rock chips

+ Licence 25 km from coast, is adjacent to an abandoned heavyhaul railway +only 65 km from the deep sea port of Monrovia

+ Target types; high-grade magnetite DSO +weathered, soft magnetite iron formation for beneficiation

+ Potential exists for rapid development of low capital intensity DSO Fe ore project generating significant cash flow ...
http://stocknessmonster.com/news-item?S=TAW&E=ASX&N=365892

[Popeye82]

Silver miners should store reserves in the metal not cash, says Sprott - MW, TORONTO - Nov 30, 2011

- M. Hill -
www.miningweekly.com/article/silver-miners-should-store-rese…

[Popeye82]

Northland Resources S.A. - Receives Construction Permit for Narvik Iron Ore Terminal - Dec 01, 2011
http://tmx.quotemedia.com/article.php?newsid=46540949&qm_sym…

[Popeye82]

Mining Summary - LC - Dec 1, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Royal Resources - Drilling Update, @the Razorback Iron Project; anticipated a maiden JORC Resource will be announced in the 1St Quarter of ´12 after all geochemical assays for this current drilling become available - Dec 1, 2011

KP:

+ ~7,500 metres of RC +diamond drilling already completed @Ironback Hill +Razorback West Prospects

+ It is anticipated that the Ironback Hill programme will provide a maiden JORC resource for the Pualco Project, providing Royal with a 2nd project area for development, ~12km south of the Razorback Ridge Prospect

+ Drilling @Razorback West targeting 200.000.000 to 400.000.000 tonnes @20% -45% Fe1, along strike from the Inferred JORC resource of 568.600.000 tonnes @25.6% Fe2 defined @the Razorback Ridge Prospect ...
http://stocknessmonster.com/news-item?S=ROY&E=ASX&N=569792

[Popeye82]

Eine Frau, die nichts vergisst ; Jill Price erinnert sich seit 30 Jahren an jedes Detail ihres Lebens - Dec 1, 2011
http://web.de/magazine/gesundheit/psychologie/14264314-eine-…

[Popeye82]

Lucky Strike Resources - CN Coal Project: 272.000.000t Measured Plus Indicated +232.000.000t Inferred NI 43-101 Resources; drillhole data used in quantifying the coal resources was from two/six mining exploration licenses which represents 1,132/13,093 ha, or <10% of total licenced area - Oct 5, 2011
http://luckystrikeresources.com/archives/707
http://luckystrikeresources.com/wp-content/uploads/2011/10/5…

[Popeye82]

Argex Mining - to sell Mouchalagane iron ore property to its wholly-owned subsidIary impact iron Mines; overall conceptual exploration potential of the Mouchalagane property ranging between 940.000.000 +2.310.000.000tonnes of magnetite +hematite-rich mineralization @a grade of 30% to 35% Fe total; In connection with the proposed sale of the Mouchalagane property to Impact Iron Mines, Argex will receive 10 million common shares of Impact Iron Mines @a deemed price of $1.00/share, +a cash payment of $2 million. In the event that a resource estimate compliant with National Instrument 43-101 demonstrates @least 100.000.000t of net iron content on the Mouchalagane property, Argex will receive an additional 5 million common shares of Impact Iron Mines, Argex also has the right to receive the following payments from Impact Iron Mines: (i) $10 million upon initial shipment of 2 million tonnes of iron concentrate from the Mouchalagane property; (ii) an additional $20 million upon shipment of an additional 5 million tonnes of iron concentrate from the property; +(iii) an additional $30 million upon shipment of an additional 8 million tonnes of iron concentrate from the property; Mouchalagane property covers extensive iron formation stratigraphy known as meta-taconites, which are interpreted to be part of the prolific Wabush Geological Formation hosting the major iron ore deposits of the Fermont-Labrador City region. A 2,447 line-km airborne geophysical survey completed by Argex @the end of ´10 highlighted several magnetic anomalies representing >50km of iron formation stratigraphy on the property; Roy Bonnell: "The Mouchalagane property is an undeveloped iron ore property in the Fermont-Labrador City mining district with significant near-term mineral resource potential. Our focus is to unlock the value of this asset for Argex's shareholders. The sale of the Mouchalagane property to Impact Iron Mines is the 1st step in the spin-off process to create two public companies: Argex as a titanium dioxide pure-play +Impact as a pure iron ore company" - Nov 28, 2011
http://finance.yahoo.com/news/Argex-sell-Mouchalagane-iron-c…

[Popeye82]

Blackline GPS - Waste Management, a subsidiary of the leading provider of comprehensive waste management services in North America, the largest residential recycler in North America +a leading developer, operator +owner of waste-to-energy +landfill gas-to-energy facilities in the United States, +Blackline Announce Strategic Agreement; Shanna Lopez: "We've based our decision to include Loner in our monitoring services as a result of the positive experience using the technology with Waste Management employees. This agreement enables Waste Management to offer mobile worker monitoring to our customers. We have also seen the market for this service grow +we are able to adapt well to these market conditions", Clark Swanson: "Waste Management has enormous diversity within commercial +industrial markets providing solutions for recycling, construction, healthcare +manufacturing, among others. Loner is an efficient +effective solution for monitoring the safety of employees, especially those who work alone" - Dec 1, 2011
www.marketwire.com/press-release/waste-management-and-blackl…

[Popeye82]

Moneta Porcupine Mines - Reaches Critical Milestone on Golden Highway Project: - 1.071.000 Ounces Indicated(33.5M Tonnes @1.00 g/t) -2.069.600 Ounces Inferred(47.8M Tonnes @1.35 g/t); I.C. Peres: "Moneta has achieved a very significant milestone. Our 100 square kilometer Golden Highway project, including 12 kilometers of strike length along the prolific Destor Porcupine Fault, is now a major component of the Timmins gold camp . The 55 Zone, Southwest Zone +Windjammer Zones remain open +appear to have a similar genesis +the recent NI 43-101 efforts reflect strong predictability of grade continuity +distribution +demonstrate excellent potential for further resource expansion along the large 12km sedimentary belt, the bulk of which remains to be explored. Moneta is well-funded to continue aggressive exploration in ´12" - Dec 1, 2011
www.monetaporcupine.com/i/pdf/2011-12-01_NR.pdf

[Popeye82]

Silver Range Resources - Discovers High-Grade Silver +Gold Mineralization Near Faro, Yukon; Hammer Zone lies 22 km south-southeast of the Keg Zone, the Company's main ´11 drill area. The Hammer Zone is only 12 km over gentle terrain from the Faro mine +mill site, which was once Canada's largest open pit lead-zinc operation; considers the Hammer Zone to be very significant because of the exceptional grades +proximity to infrastructure. It is an excellent complement to the bulk tonnage polymetallic mineralization which the Company is outlining @the Keg Zone. The mineralized structures @the Hammer Zone will be priority targets for diamond drilling in ´12 - Dec 1, 2011

+ Eight rock samples collected along one structure over a strike length of 350 m, which assayed from 1.420 to 16.985 g/t silver +0.086 to 12.8 g/t gold, averaging 6,218 g/t silver(~6.2 kg/t or 200 ounces/tonne silver) +2.45 g/t gold; +

+ An associated soil geochemical anomaly that is 700 m long, 100 to 200 wide, +characterized by very high silver(5 to 68.6 g/t) +antimony(2.64 to 27.2 ppm) values. ...
http://finance.yahoo.com/news/Silver-Range-Resources-Ltd-ccn…

[Popeye82]

Cap-Ex Ventures - &ITUM Reach Agreement; signed a 1st agreement(the "Agreement" ) in a series of two planned agreements regarding the Company's exploration activities on its mining claims(the "Claims" ), in Quebec +Newfoundland +Labrador - Dec 1, 2011
www.marketwire.com/press-release/cap-ex-and-itum-reach-agree…

[Popeye82]

Fancamp Exploration - Lac Lamelee South Project-214m Grading 31.2% FeT, results continue to indicate that the Lac Lamelée South Deposit has the potential of significant tonnages - Dec 1, 2011
www.marketwire.com/press-release/fancamps-lac-lamelee-south-…

[Popeye82]

Tintina Resources - Reports New Indicated +Inferred Copper-Cobalt-Silver Resources, @the Black Butte Copper Property(formerly "Sheep Creek"), Montana, Company Expands Scope of PEA; J. Zieg: "We are very pleased with the results to date from the drill program on the Johnny Lee deposit. The outcome exceeded expectations. We have not only upgraded all of the previously reported Inferred Resource to Indicated Resource, but have also improved the overall average copper grade to 2.96% +increased the amount of contained copper in the Johnny Lee deposit from 366 million pounds in the Inferred Resource 1st announced on January 6, ´11 to 553 million pounds in the Indicated Resource category in this new estimate, representing a 51% increase. In addition to the Johnny Lee Zone, favorable drilling results have been obtained from the Lowry Zone(formerly called 'The Middle Copper Zone @Strawberry East') +the Lower Copper Zone. I have great confidence that Tintina is well on its way to meeting its objective of identifying a billion pounds of copper on the Black Butte Copper project" - Nov 30, 2011

+ The Johnny Lee Zone(formerly called "the Upper Copper Zone @Strawberry Butte") contains an Indicated Resource of 8.48 million metric tonnes("MMT") grading 2.96% copper(Cu), 0.12% cobalt(Co), +16.9 g/tonne silver(Ag) +an Inferred Resource of 1.26 MMT grading 2.64% Cu, 0.10% Co, +16.4 g/t Ag, both @a 1.60% Cu cut-off grade +an assumed copper price of $2.75/lb.

+ coupled with anticipated resource increases, the Company has decided to expand the scope of the PEA. This new study will model higher annual throughputs @grades nearly 50% higher than those contemplated in the original PEA +should be available early in the 3rd quarter of ´12 ...
http://finance.yahoo.com/news/Tintina-Reports-New-Indicated-…

[Popeye82]

Focus Metals - Grafoid Inc. +Rutgers University Sign MOU to Jointly Develop +Commercialize Polymer +Non-Polymer Technology Graphene Applications From Focus Metals' Lac Knife Graphite Resource; Dr. Chiu said the graphene material, or high-technology two-dimensional graphite in its purest, basic physical form, is now the subject of discovery by most scientific research institutions in the world ; Mr. Economo: "The graphene research +development activities undertaken to date by Dr. Chiu are heading towards a new phase, leading ultimately, we believe, to industrial applications for our graphene. In time, +through further development in conjunction with Rutgers University we see Grafoid assuming its place as an industry leader not only in industrial +infrastructural applications, but in graphene applications for military +defense, aviation +marine +in other emerging industries where demand exists ... For Focus Metals shareholders, the value-added graphene component could, in time, provide a further source of revenues fed from our Lac Knife graphite project. We are in a unique position. Our ongoing +immediate goals are to establish an enterprise-leading position for both graphite +graphene. Our pact with Rutgers University brings us a step closer to attaining one of those goals", Prof. Nosker: "I am very pleased that we have an opportunity to spearhead the exploration for the applications from the very high quality graphite received from the Lac Knife project in Canada. This material, formed together in an igneous rock formation millions of years ago, has extreme high electrical conductivity relating to the perfection of the graphite crystals formed there. There are many engineering applications for these materials just waiting to be discovered ", Dr. Chiu: "Rutger's AMIPP is a nationally recognized center for polymer research +their interest in the Focus Metals resource coincides with my own scientific findings. The possibility of Lac Knife's graphite material being used for novel discoveries in future hybrid materials +unique commercial processes is very high"; Graphene, discovered in ´04 , is a two-dimensional ultra-thin form of carbon produced from graphite. It is tougher than diamond, is heat-resistant and more, it is electrically conductive , Graphene has been described as the "new silicon" +has sparked a global interest among scientists by providing an unparalleled opportunity for the investigation of commercial applications by virtually all scientific communities +disciplines , The 1st commercial applications from graphene could appear as early as ´12 in touch-screen computing devices, but applications are being investigated now for telecommunications, computing(transistors +super-capacitors) military, aviation +automotive, medical, +renewable energy purposes - Dec 1, 2011
www.marketwire.com/press-release/grafoid-inc-rutgers-univers…

[Popeye82]

Dalradian Resources - Announces Resource Increase, @Curraghinalt: 2.700.000 Oz Au @~12.78g/t; F.N. Anderson: "Our Curraghinalt gold deposit continues to deliver. Our drilling program over the past year has increased the previous resource estimate by 73% +the deposit remains open along strike, across strike +down dip. Currently, all of our rigs are working on an infill drilling program but we expect to restart drilling along trend +on our regional targets in the next week" - Nov 30, 2011
http://finance.yahoo.com/news/dalradian-announces-increase-c…

[Popeye82]

SPITFIRE ON TARGET AT SOUTH WOODIE WOODIE - AI - 2-Dec-2011
www.australianinvestor.com.au/news.asp?id=42157
http://stocknessmonster.com/news-item?S=SPI&E=ASX&N=569986

"Resource Definition and Project Development Progressing

+ Continued drilling extends the Contact North Deposit

+ Contact North in-fill drilling returns in-ground grades of up to 49.95% Mn

+ Metallurgical test work indicates a 40% plus manganese ore product from the combined Contact and Contact North Deposits

+ Ongoing GAIP surveying continues to delineate new high priority targets

+ Mining lease application lodged

+ Port Hedland stockpiling area pegged

+ Combined JORC resource statement expected in the first quarter of 2012


Spitfire Resources Limited have announced that continuing work at its South Woodie Woodie manganese project is progressing the project towards the Company’s goal of developing a significant new Australian manganese mine.

Drilling at the Contact North Deposit has extended the deposit’s size to approximately 700m by 600m. Initial assays from the in-fill program at Contact North have returned RC in-ground grades of up to 49.95% manganese. (See table 1). In-fill drilling of the Contact and Contact North Deposits is expected to be completed by December 20th 2011 and a JORC resource statement is expected to be released in the 1st quarter of 2012. Spitfire reiterates its exploration target for the deposits at 10-15 million tonnes grading 15-25% Mn*.

Metallurgical test work on diamond core from both the Contact and Contact North Deposits is nearing completion with a detailed report expected from the Company’s metallurgical consultants in mid-January 2012. Preliminary results indicate that Spitfire will be able to produce a beneficiated product grading >40% manganese ore from the combined deposits.

Spitfire’s on-going Gradient Array Induced Polarisation Survey (GAIP) is continuing and has to date found a number of new areas of high potential to be targeted with exploration drilling in 2012.

In addition to its on-ground activities at South Woodie Woodie, Spitfire has moved to further advance the project by applying for a Mining Lease and has pegged a large area suitable for the stockpiling of manganese ore prior to its export from Port Hedland. "

[Popeye82]

China pharmaceutical eyes 20% annual growth - CER/CSJ - Dec 2, 2011
http://r20.rs6.net/content/china-pharmaceutical-eyes-20-annu…

"China is set to launch a blueprint guiding pharmaceutical industry development during the 12th Five-Year Plan (2011-2015) with an aim of achieving 20% year-on-year total output value growth, state media reported, citing China Securities Journal.

The plan also sets a goal of 16% year-on-year growth in added value to the industry, said Wang Xuegong, an official with the pharmaceutical department of the Ministry of Industry and Information Technology (MIIT). It is anticipated that the top 20 major varieties of medicine will account for 80% of the market share by 2015. The plan also aims to develop five enterprises with sales revenues exceeding US$7.84 billion, and for the top 100 firms to generate 50% of the industry's revenue. Medicine exports should see over 20% annual growth with more than 50 research centers and production bases to be built overseas. "

[Popeye82]

Churchill Mining Plc - Letter to Republic of Indonesia - Dec 02, 2011
www.londonstockexchange.com/exchange/news/market-news/market…

[Popeye82]

Zinc Report - VSAC - Nov 30, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

"Doutor Sócrates" ist tot - DPA, São Paulo - Dec 5, 2011
http://web.de/magazine/sport/fussball/international/14283950…

[Popeye82]

Excelsior Mining - Gunnison Project Receives Positive Economic Assessment; Without an Acid Plant, the project still has a significant after-tax NPV of US$480.9 million +an IRR of 34%, @an 8% discount rate. Initial capital expenditures for this "Base Case" option are US$239.9 million; S. Twyerould: "We are extremely pleased with the results from this PEA. These results support what we have been saying from the beginning, that copper extraction @Gunnison via ISR has the potential to generate outstanding financial returns. These results show that our low capital costs +very low per pound operating costs provide the project with significant margins, which can act as a buffer from commodity market volatility" - Dec 1, 2011

+ After-Tax NPV of US$561.7 million(discounted @8% -using US$2.50 copper price)

+ After-Tax IRR of 30%

+ Payback period of 3.6 years

+ Initial capital costs of US$324.7 million(including SXEW plant, Infrastructure +Acid Plant)

+ Total operating costs of US$0.68 per pound(averaged over life of mine)

+ Royalty of US$0.01/pound

+ Annual production rate of 85.65 million pounds of copper

+ Commercial production commencing in ´15, with a mine life of 20 years ...
www.excelsiormining.com/NewsReleases/2011-12-01-NewsRelease.…

[Popeye82]

Cap-Ex Ventures - Announces $10,200,000 Non-Brokered Financing; Forbes &Manhattan, Inc. &its associates have agreed to subscribe for the majority of the financing - Dec 2, 2011
www.marketwire.com/press-release/cap-ex-ventures-announces-1…

[Popeye82]

Obtala Resources Plc - Joint Venture Agreement Concluded with Tanzanian State Mining Company(STAMICO), to create an investment +natural resource development company to evaluate mineral properties in Tanzania; Francesco Scolaro: "I am delighted to announce this agreement which represents an exciting opportunity for both parties. The spirit of this partnership represents an attractive route for Obtala to progress its investment portfolio +realise further profitability through commercial activity. Obtala will provide the necessary working capital +expertise to allow STAMICO to commence evaluation of the portfolio of assets @its disposal +help develop mineral properties currently worked on by small-scale miners who have limited financial resources. This collaboration allows us to evaluate a diverse range of commodities covering precious +base metals, precious stones +industrial minerals. Obtala is well funded to participate in the new joint venture +to continue existing operations +remains debt free" - Dec 2, 2011

+ 50:50 JVA with the State Mining Company, a wholly owned subsidiary of the Government of Tanzania

+ A collaborative working partnership forming an investment +development company

+ Objective to evaluate +develop mineral properties in Tanzania with a view to extracting maximum value through commercial transactions

+ Obtala will finance the company +co-manage in partnership with STAMICO

+ Joint Venture Company("JVCo") will operate as an investment company with in-house technical +financial expertise to develop mineral interests in Tanzania. Special focus will be given to mineral properties which are owned by small-scale miners, who would benefit from the technical expertise, financial +operational resources of JVCo. Through the process of investigation +evaluation, the objective is to ultimately realize value for the shareholders through joint ventures, partnerships +corporate transactions

+ The strategy of the joint venture company will be to work, in partnership with STAMICO, with local licence holders, new individual +existing licence holders through the process of investing, evaluation through exploration, promotion +, where appropriate, bring into production mineral projects within Tanzania...
www.investegate.co.uk/article.aspx?id=201112020700112083T

[Popeye82]

Konflikt spitzt sich zu: Iran schießt US-Drohne ab; Teheran bringt Spionage-Flugzeug in seinen Besitz - DPA, KABUL/TEHERAN - Dec 4, 2011
http://web.de/magazine/nachrichten/ausland/14285432-iran-bru…

"Die Drohne, auf die sich die Iraner beziehen, könnte ein unbewaffnetes US-Aufklärungsflugzeug sein, das Ende vergangener Woche eine Mission über Westafghanistan flog", teilte die Nato am Sonntagabend in Kabul mit. Die Bodenkontrolleure der Drohne hätten die Kontrolle über das Flugzeug verloren und sich seitdem darum bemüht, "seinen Status festzustellen". Westafghanistan grenzt an den Iran an.

In dem ohnehin aufgeheizten Konflikt mit dem Westen hatte der Iran zuvor den Abschuss einer amerikanischen Drohne verkündet. Der unbemannte Flugkörper sei vom benachbarten Afghanistan aus in den heimischen Luftraum eingedrungen, berichteten iranische Medien. Bilder des abgeschossenen Flugzeugs gab es nicht. Das Verteidigungsministerium in Washington äußerte sich zunächst nicht zu dem Vorfall.

Nach einem Bericht der iranischen Nachrichtenagentur Fars befand sich der weitgehend intakte Aufklärer vom Typs RQ-170 in der Hand des Militärs. In diesem Jahr sollen nach unbestätigten iranischen Angaben bereits mehrere Drohnen abgeschossen worden sein.

Eine Tarnkappen-Drohne des Typs RQ-170 wurde auch beim Ausspähen des Unterschlupfs von Terroristenführer Osama bin Ladens eingesetzt, wie die "Washington Post" im Mai unter Berufung auf Regierungsbeamte berichtete. Die US-Luftwaffe habe 2009 die Existenz der Drohne eingeräumt, nachdem sie zwei Jahre zuvor auf einem Stützpunkt in Kandahar ausgespäht worden sei. Das Gerät sei während der Aktion gegen Bin Laden genutzt worden, um Präsident Barack Obama und seinem Sicherheitsteam Aufnahmen des Einsatzes zu liefern. Bin Laden war bei einem US-Spezialeinsatz im Mai dieses Jahres in Pakistan getötet worden.

Nach Angaben der US-Luftwaffe ist die RQ-170 Sentinel ein unbemanntes Aufklärungs- und Beobachtungsflugzeug mit Tarnkappeneigenschaften. Die Spionage-Drohne wird von einem US-Stützpunkt in Nevada aus gesteuert. Hersteller ist die Rüstungsfirma Lockheed Martin.

Der Westen wirft dem Iran vor, heimlich an Atombomben zu bauen. Wiederholt war über einen Militärschlag Israels oder der USA spekuliert worden. Mit einer verkappten Drohung reagierte das iranische Militär. Es werde eine nicht näher erläuterte Reaktion geben. Ein solcher Schritt werde nicht auf die eigenen Landesgrenzen beschränkt sein, zitierte der Sender IRIB am Sonntag eine Stellungnahme der Streitkräfte. "

[Popeye82]

Extract Resources - Mining Licence Issued for Husab Uranium Project: "J. Leslie: "We are delighted to have received the Mining Licence for the Husab Project so soon after the Notice of Preparedness. This is the last stage to achieving all of the permits we need in order to develop Husab, the world’s 4th largest primary uranium deposit. Extract looks forward to developing its world class asset "with Namibians, for Namibia" " - Dec 1, 2011
http://stocknessmonster.com/news-item?S=EXT&E=ASX&N=569736

[Popeye82]

Australia should allow states more control in sourcing skills; Australia should revise its immigration strategy to better service the workforce needs of the economy, +could look @giving states +regions more control over the flow of skilled workers on a needs basis, advisory firm Deloitte said on Thursday. Deloitte partner +national immigration leader Mark Wright said that the transaction- +compliance-driven approach taken by many companies has been rendered obsolete by a complex environment that demanded a coordinated approach to workforce planning, government policy +employee relation - MW, PERTH - Dec 1, 2011

- E. Swanepoel -

www.miningweekly.com/article/australia-should-allow-states-m…

[Popeye82]

Buxton Resources - Maiden Resource For Zanthus Magnetite Project; A. Maslin: "This is an excellent result given the Cohen Deposit alone now presents a scenario worthy of investigation to determine its potential economic viability. Given this +the potential size of the other targets nearby, it seems likely that the tonnages necessary for a large bulk scale operation will be attainable. The project continues to gain momentum -it now has a resource which is compliant with the JORC code ´04, excellent metallurgical characteristics +most importantly is located in close proximity to rail infrastructure required to make mining a reality, a combination rarely seen in Western Australia" - Dec 3, 2011

+ Maiden Inferred JORC Resource for Cohen Deposit of 103.6 Million Tonnes @26.5% Fe

+ main magnetite-bearing horizon averages 40 -50m true thickness. Drilling results thus show a coherent, wide zone of magnetite mineralisation over a combined strike length of @least 4km @Cohen. Iron mineralisation also remains open @depth on all sections drilled to date

+ Resource represents initial confirmation of potential for the Zanthus Project’s 0.7 –1.3 Billion Tonne Exploration Target*

+ Further metallurgical test-work underway to optimize previously reported excellent results:

- Concentrate grades ranging between 65% +68% Fe with low impurities
- Coarse grind size of 150 microns(p80) –far superior to most industry peers
- High mass recoveries with concentrates averaging 41% of the feed mass with iron recoveries to concentrate averaging 81% +expected to improve with further optimisation test-work

+ Financing opportunities under investigation: Significant interest in investment in the Zanthus project has been received from several international parties. Whilst these are all @an early stage, Buxton is encouraged by the interest +appreciation of the projects key attributes of rail access +coarse grained metallurgy ...
http://stocknessmonster.com/news-item?S=BUX&E=ASX&N=570184

[Popeye82]

Exoma Energy - Oil Resource Discovery, @Katherine - Dec 5, 2011

+ 79 million barrels oil in place mean resource estimate @Katherine West.

+ Exoma’s stratigraphic play concept confirmed by discovery.

+ Follow-up wells to be drilled in early ´12.

+ 206 million barrels oil in place mean resource estimate @Katherine East
prospect to be tested in ´12.

+ studies indicate that Exoma’s Katherine West structure may contain up to 177 million barrels of oil in place. In addition, an adjacent but undrilled prospect, Katherine East, may contain up to 458 million barrels of oil in place(see figures I +II). ...
http://stocknessmonster.com/news-item?S=EXE&E=ASX&N=570172

[Popeye82]

Focus Metals - Reports 43-101 Mineral Resource Calculation for its Lake Knife, Quebec, Graphite Property: 7.972.365t @~15.62% Cgr M/I/I; Five different zones are included in the resource calculation; all zones start from surface to a maximum depth of 125 metres with a total extension of 350 metres by 650 metres; all zones remain open in all directions; an expanded, deeper +more comprehensive drilling program is planned for the spring of ´12; G. Economo: "This mineral resource estimate is a key milestone for Focus Metals as it lays the groundwork for a scoping study in ´12. This report validates our position that Focus Metals' Lac Knife property holds the best grade of graphite in the world. It also establishes the regulatory benchmark for growth +development of our extraordinary property. We knew of Lac Knife's potential value from the historic drilling results we inherited from its previous owners, +it formed the basis for our mine-to-market-to-technology business strategy" - Dec 5, 2011
www.marketwire.com/press-release/focus-metals-reports-43-101…

[Popeye82]

EMED Mining - Project Rio Tinto Update - Dec 05, 2011
www.londonstockexchange.com/exchange/news/market-news/market…

[Popeye82]

Mining Summary - LC - Dec 2, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Marampa sale on the cards -Cape Lambert - MW, PERTH - Dec 5, 2011

- E. Swanepoel -
www.miningweekly.com/article/marampa-sale-on-the-cards---cap…
http://stocknessmonster.com/news-item?S=CFE&E=ASX&N=570265

[Popeye82]

Verde Potash Plc - Successfully Produces KCl from its Potash Resources Amenable to Strip Mining; has engaged SRK Consulting(U.S.), Inc.("SRK") to complete a review of capital +operating costs +should be in a position to reveal results in Q1 ´12; has made significant progress in deriving an economic scalable production flow sheet for KCl - Nov 30, 2011
http://finance.yahoo.com/news/Verde-Potash-Successfully-cnw-…

[Popeye82]

Emerging states try to end coal addiction with nuclear; South Africa, the host of UN global climate talks, is faced with a conundrum –it wants to wean itself off of coal-powered plants seen as primate culprits of greenhouse gas emissions +find a cleaner energy source. It is turning to nuclear power, despite the catastrophic environmental degradation the world witnessed after Japan's Fukushima plant disaster this yea - MW/Reuters, DURBAN - Dec 2, 2011
www.miningweekly.com/article/emerging-states-try-to-end-coal…

[Popeye82]

Queensland unveils A$9bn Abbot Point ‘super expansion’ ; The Queensland government has announced plans for a “super expansion” of the Abbot Point port following overwhelming demand from the private sector. Premier Anna Bligh said that the state government had only expected to approve an expansion from the current three terminals, to seven , but that with a spike in interest from some of the country’s largest mining companies, the port would now be expanded to include a total of nine terminals; preferred respondents for the expansion included Anglo American Metallurgical Coal, Macmines AustAsia, North Queensland Coal Terminal, which is a consortium of Macarthur Coal, Peabody Energy, New Hope, Middlemount Coal +Carabella Resources, as well as Rio Tinto Coal, Vale +Waratah Coal; would increase the export capacity of the port to almost 400-million tons/year , which Bligh said would make it one of the largest coal export facilities in the world - MW, PERTH - Dec 2, 2011
www.miningweekly.com/article/queensland-unveils-a9bn-abbot-p…

[Popeye82]

Rio Novo Gold - Receives the Construction License for the Almas Gold Project - Dec 2, 2011
www.marketwire.com/press-release/rio-novo-gold-receives-the-…

[Popeye82]

SA supports carbon capture technology but costs a concern; South Africa was fully committed to carbon capture +storage(CCS) technology, but the cost of CCS remained "prohibitively high" for developing countries like South Africa, which have a myriad of socioeconomic challenges to deal with, Energy Minister Dipuo Peters said on Thursday. The Minister believed that CCS would contribute significantly to reducing emissions, +that it, therefore, was important to find lasting solutions to issues prohibiting the commercial deployment of the technology worldwide - MW, DURBAN - Dec 1, 2011

- Brindaveni Naidoo -
www.miningweekly.com/article/sa-supports-carbon-capture-tech…

"South Africa was fully committed to carbon capture and storage (CCS) technology, but the cost of CCS remained "prohibitively high" for developing countries like South Africa, which have a myriad of socioeconomic challenges to deal with, Energy Minister Dipuo Peters said on Thursday.

The Minister believed that CCS would contribute significantly to reducing emissions, and that it, therefore, was important to find lasting solutions to issues prohibiting the commercial deployment of the technology worldwide.

"Developing countries will need to be assisted to access the currently expensive CCS technologies,” Peters said at a CCS seminar on the sidelines of the seventeenth Conference of the Parties, or COP 17, in Durban.

South Africa remained steadfast in its commitment to achieve the reduction of greenhouse-gas emissions (GHG) as indicated by President Jacob Zuma during COP 15 in Copenhagen.

The President committed to reduce South Africa’s carbon dioxide (CO2) emissions by 34% in 2020, and by 42% in 2025 on a business-as-usual trajectory.

To achieve this target, South Africa would need technological, financial and human capital support from developed countries, Peters said.

The continued use of fossil fuels in an environmentally responsible manner demanded the application of technologies such as CCS to reduce climate-changing emissions into the atmosphere.

“It would be naive not to acknowledge the fact that the development and deployment of CCS was not a smooth path, but one that is teeming with a variety of challenges.”

South Africa relies on fossil fuels as a primary energy resource, with coal contributing almost 90% towards its energy mix. South Africa emits about 400-million tons of CO2 a year, which mainly comes from the employment of coal-to-liquid technology and electricity generation from coal-fired power stations.

“CCS brings hope to countries like South Africa that have an abundance of coal resources, where coal can be used to develop their economies with reduced harm to the environment.

“Thus the continued use of coal is premised on the development and deployment of clean coal technologies like CCS, as well as energy efficiency interventions while phasing in renewable energy,” said Peters.

South Africa has a CO2 storage potential of 150 Gt, at a ‘theoretical’ level, and about 98% of that storage capacity is offshore; and less than 2% of the storage capacity onshore.

However, the CCS Atlas showed that South Africa’s major CO2 emissions sources are far from potential CO2 sinks. “This would normally translate to high transport costs and other technical complexities, which would require additional funding and technical innovation to address,” she said. "

[Popeye82]

Colossus Minerals - Updates Development Progress, @Serra Pelada; Claudio Mancuso: "We are very pleased with the progress of development @Serra Pelada. We continue to strengthen our on-site management team with the addition of a number of experienced mining professionals. The pace of decline development has progressively +methodically increased over the past six months +we are now approaching our target of five metres of development /day. The next twelve months will be very exciting as we continue de-risking the project +work towards our goal of producing gold in ´13" - Dec 5, 2011

+ ~675 metres of decline development completed; total advance, including secondary development, of ~775 metres

+ 1st underground drill bay has been commissioned +underground drilling is underway

+ Surface infrastructure construction continues, ahead of schedule, with a number of auxiliary buildings now complete

+ Agreement to build a dedicated electrical transmission line has been reached

+ Approximately ninety percent of all underground mining equipment is on site; ordering of process plant equipment has commenced

+ Metallurgical test-work confirms Gravity Recoverable Gold(GRG) values of between 76% +88%

+ PGM flotation program ongoing to optimize the efficiency of the flow-sheet to extract platinum +palladium ...
www.marketwire.com/press-release/colossus-minerals-updates-d…

[Popeye82]

Remittances to Top $400.000.000.000 in ´11; Global remittances are forecast to grow in years ahead, reaching as much as $515.000.000.000 in ´14 - WB - Dec 1, 2011
http://web.worldbank.org/WBSITE/EXTERNAL/NEWS/0,,contentMDK:…

[Popeye82]

West High Yield Resources - Announces Positive ´11 Drill Results; Drills up to 152.4m @24.0%, 152.4m @23.5% +152.4m @23% magnesium from surface; Company anticipates that the PEA will be completed in early ´12 - Dec 2, 2011
www.marketwire.com/press-release/west-high-yield-announces-p…
www.marketwire.com/library/20111202-why_800.jpg

[Popeye82]

Frontier Rare Earths - &Korea Resources corporation sign definitive strategic partnership agreement; Frontier +Consortium consisting of Kores, Samsung, Hyundai, GS Group, Daewoo Shipping +Marine Engineering +Aju Group to Cooperate in Development of Zandkopsdrift Rare Earth Deposit and Pursue Downstream Opportunities; definitive agreement involves an investment in both Zandkopsdrift +Frontier +an off-­‐take arrangement that could commit up to 31% of future production; James Kenny: "The signing of this definitive strategic partnership agreement is a compelling endorsement of Frontier Rare Earths’ Zandkopsdrift project. We are proud that the KORES together with a consortium of leading Korean companies, such as Hyundai Motors +Samsung, have identified Zandkopsdrift as a key source of future rare earth supply. The consortium companies have combined annual sales of ~US$300.000.000.000 , so their willingness to partner with Frontier is a strong statement about the economic potential of the Zandkopsdrift project, +the capabilities of our management team. Korea has an international reputation for world-­‐class manufacturing, technological +financial capabilities. KORES is @the forefront of Korean industry’s drive to secure stable supplies of natural resources, of which rare earths are considered to be one of the most critical. Working together with our Korean partners, we are confident that Frontier will achieve its objective of becoming one of
the 1st new large-­‐scale rare earth producers outside of China" - Dec 5, 2011
www.frontierrareearths.com/pdfs/news/Frontier_and_Korea_Reso…
www.miningweekly.com/article/s-koreas-kores-joins-rare-earth…

[Popeye82]

Andover Ventures - Adds 9,120 Acres to Land Position in the Ambler Mining District, Alaska - Dec 5, 2011
www.marketwire.com/press-release/andover-adds-9120-acres-to-…

[Popeye82]

Indian consortium to bid for Afghan copper reserves - MW, KOLKATA - Dec 5, 2011

- Ajoy K Das -
www.miningweekly.com/article/indian-consortium-to-bid-for-af…

"A consortium of Indian metal companies were readying to bid for the development of copper mines in Afghanistan, as the Afghan government readied to invite tenders during February/March 2012.


This comes close on the heels of Indian consortium Afghan Iron and Steel Consortium (Afisco’s) successful bid last month to develop the 1.8-billion ton Hajigak iron-ore reserves in Afghanistan, which would entail a total investment of $11-billion.

India’s largest aluminium producer, National Aluminium Company (Nalco) and Hindustan Copper Limited (HCL), the country's sole integrated copper producer, were likely to lead the consortium to bid for the development of the Ayank copper reserves in Logar province, 30 km south-east of Kabul.

The Metallurgical Corporation of China in 2007 acquired the rights to develop part of the Ayank reserves and scheduled to commence production in 2014.

However, following the completion of award of the Hajigak iron-ore reserves, which would see the highest foreign direct investment in Afghanistan, the government hastened the process of development of new mining blocks, which would see six new mining tenders issued in February/March 2012, including three blocks of Ayank copper reserves, two in gold, and one in lithium.

“We are trying to get all details of copper deposits in Afghanistan and will surely participate once expressions of interests are floated. We have the skills in mining copper and Nalco has the cash,” HCL chairperson Shakeel Ahmed said.

“Depending on needs of specific competencies and funding requirements other companies could be part of the proposed consortium at a later date,” he said.

“The Indian government would fully support any bid by Indian companies for greater participation in the emerging Afghan mining sector,” an official in India's Mines Ministry said.

“Depending on the requirements of the companies bidding for assets in that country, the government could also consider specific requests including funding support under the India-Afghanistan Strategic Partnership Agreement signed in October 2011,” the official said.

Both Nalco and HCL are majority controlled by the Indian government and under administrative management of the Mines Ministry.

Meanwhile, Afisco led by Steel Authority of India Limited (SAIL) and iron-ore miner NMDC Limited, has hiked total investment in the project from an initial $6-billion to $11-billion.

“Apart from mines, we will be setting up a six-million-ton-a-year steel plant, 1 000 MW captive power plant and road and rail links to evacuate the raw materials,” SAIL chairperson C S Verma said.

Initially the consortium had planned for a three-million-ton-a-year steelmaking facility at Hajigak.

“We will invest $11-billion in these activities over the next eight years. We have also sought financial assistance from the Indian government in the form of soft loans and grants-in-aid, since member companies were unable to meet investment requirements for a project of this size,” he added.

Afisco would immediately invest $75-million to conduct geological studies and set up a corporate office in Hajigak, which would eventually see deployment of a 48 000-strong workforce to oversee project work.


Edited by: Esmarie Swanepoel "

[Popeye82]

China sets conditions for binding emissions targets - CER/BB - Dec 5, 2011
http://r20.rs6.net/content/china-sets-conditions-binding-emi…

"China put forth the clearest set of conditions yet for accepting a binding pledge to cut greenhouse gas emissions after 2020, Bloomberg reported.

Xie Zhenhua, head of China’s delegation to this year’s UN climate talks in Durban, South Africa, said that developing countries – including China – should continue their voluntary targets to limit emissions until a new treaty would take effect after 2020. However, any such commitment would depend on five conditions, ranging from developed-country climate aid to an extension of existing rich-country pledges after the current protocol expires. The statements are the most defined set of conditions yet made by China to adopting binding targets. But some analysts say the conditions set by China are nearly irreconcilable with the EU’s position and both may be trying to engineer a stalemate to avoid blame for not extending any emissions limits. "

[Popeye82]

Unicom, Telecom request halt on monopoly probe - CER/WSJ - Dec 5, 2011
http://r20.rs6.net/content/unicom-telecom-request-halt-monop…

"China Telecom and China Unicom have applied to Chinese regulators to end an investigation into their pricing practices , The Wall Street Journal reported.

In exchange, each company has pledged to substantially enhance broadband access speeds, expand optic-fiber access and further lower broadband costs for public internet access in the period through 2015; China Telecom said it will lower broadband service charges by approximately 35% with five years. China's top economic planner, the National Development and Reform Commission, launched an investigation into the two companies in early November over "suspected monopolistic practices" in the broadband access business. The probe is aimed at their pricing of internet-dedicated leased-line access services and is the first monopoly case involving large state-owned enterprises since China's antitrust law was implemented in August 2008. "

[Popeye82]

Senior Chinese leader warns of unrest if economy slows - CER/FT - Dec 5, 2011
http://r20.rs6.net/content/senior-chinese-leader-warns-unres…

"A senior Chinese official has called on the country’s leadership to prepare for social unrest as economic growth continues to slow, the Financial Times reported.

Zhou Yongkang, a member of the country’s Politburo, told provincial officials that “t is an urgent task for us to think how to establish a social management system with Chinese characteristics to suit our socialist economy,” adding that the country has yet to form a “complete mechanism for social management” to deal with the ill effects of a market economy. Zhou’s comments, which were published in state media, indicate that the country’s senior leadership is concerned that a slowdown in the economy could directly trigger unrest. Strikes and protests regarding job layoffs seem to have increased over the past two months as the economy has cooled, with 10,000 workers in China’s southern Guangdong province striking against overtime cuts and workers in Shanghai protesting last week over an electronics supplier’s decision to relocate and layoff local workers. "

[Popeye82]

MOFCOM rejects US ruling against Chinese solar exports - CER/BB - Dec 5, 2011
http://r20.rs6.net/content/mofcom-rejects-us-ruling-against-…

"China’s Ministry of Commerce (MOFCOM) rejected as without merit a preliminary ruling by a US trade panel that Chinese solar imports hurt US manufacturers, Bloomberg reported.

The ruling was issued by the US International Trade Commission (ITC) on December 2, in a unanimous vote that called for anti-dumping and countervailing taxes. The commission is now set to begin a full investigation. China’s MOFCOM issued a statement the next day, saying that “[t]he ruling was made without sufficient evidence showing US solar panel industry has been harmed,” and “prominently shows the US’s strong inclination to trade protectionism and for which China is deeply concerned.” US solar panel manufacturers argue that the Chinese government subsidizes its domestic industry via cheap loans, grants, tax incentives, subsidized commodities and an undervalued currency. SolarWorld, a German-based firm with US operations, launched a complaint with the ITC and Commerce Department in October. "

[Popeye82]

Climate Change +Food Security; Dry soil, MauritaniaLeading scientists in the BRICS countries, Indonesia, +the United States recommend agricultural work program to UNFCCC negotiators. Results +recommendations of IFPRI-CAAS climate conference(ICCCFS) presented @side event in Durban - IFPRI - Dec 1, 2011
www.slideshare.net/ifpri/climate-12-recs?utm_source=New+At+I…
www.ifpri.org/pressroom/briefing/climate-change-and-food-sec…
www.ifpri.org/publication/fighting-hunger-changing-climate?u…
www.ifpri.org/sites/default/files/publications/climate_icccf…
www.ifpri.org/sites/default/files/pressrel20111201.pdf
http://icccfs.ifpri.info/?utm_source=New+At+IFPRI&utm_campai…
www.agricultureday.org/index.html?utm_source=New+At+IFPRI&ut…

[Popeye82]

CBM Asia Development - Announces Gross Acquisition Costs of USD 4.14/Acre(Including Extensions), @its Two New Majority-Operated Coalbed Methane PSCs in Indonesia; anticipates National Instrument 51-101 compliant resource estimates for the Hulu +Bentian Besar PSCs to commence Q4 ´12 - Dec 2, 2011
http://finance.yahoo.com/news/CBM-Asia-Announces-Gross-bw-40…

[Popeye82]

Critical Elements - Pre-tax net present value of CA $488 million @an 8% discount rate and internal rate of return of 33% for the Rose Tantalum-lithium project; after tax Internal Rate of Return(IRR) of the Rose Project is estimated @25% , with a Net Present Value(NPV) of CA$279 million @an 8% discount rate, payback period is estimated @4.1 years - Nov 21, 2011
www.cecorp.ca/documents/en/2011-11-21-press-release.pdf

[Popeye82]

Coalspur Mines - MOU signed with CN to develop rail logistics for Vista - Nov 10, 2011
http://stocknessmonster.com/news-item?S=CPL&E=ASX&N=566098

[Popeye82]

Iron Ore Holdings - Large Magnetite Discovery, @Mt Dempster - Dec 5, 2011

+ Magnetite discovery located @IOH’s Mt Dempster Prospect in the Western Pilbara

+ Located within 10km from API’s planned railway to Anketell Port +10km from Rio Tinto’s Mesa J mine

+ Five drill holes show >150m intersections of a near horizontal magnetic BIF zone with head grade of up to 32% Fe

+ Based on the geological setting within the 6km x2km drilling area, an exploration target of >2.000.000.000tonnes1 is estimated

+ The geological sequence varies from horizontal to shallow south dipping structures. The near horizontal magnetic BIF zone commences close to the surface +appears to be largely homogeneous across stratigraphic domains

+ following parameters were applied to determine the exploration potential of the current drilling area: Mineralized BIF zone has dimensions of ~6km by ~2km, the vertical continuity of the mineralized zone is 100m, +measurements of core samples show that the average density of the magnetic BIF is ~3.0 tonnes/cubic meter. Based on these parameters, there appears to be an exploration potential of between 2.000.000.000 to 3.000.000.000tonnes2 of magnetic BIF in the immediate drilling target area.

+ On the basis of the initial tenement mapping +aerial surveys, there may be further potential for magnetite mineralisation in the currently undrilled zones of the Mt Dempster Prospect

+ Initial metallurgical test work indicates a typical West Pilbara homogeneous, hard +fine grained magnetite

+ IOH will commence an extensive drilling program in early ´12 to convert the exploration target to a mineral resource ...
http://stocknessmonster.com/news-item?S=IOH&E=ASX&N=570294

[Popeye82]

Discovery Metals - Mango Prospect defined over 36 kilometres of strike length; B. Sampson: "These higher grade intersections @South West Mango further demonstrate the prospectivity of the Kalahari Copperbelt +encourages us that multiple mineralised areas may exist that can contribute to a larger +longer life Boseto Copper Project" - Dec 5, 2011

+ New zone of higher grade copper‐silver mineralisation intersected @the south west extension of the recently discovered Mango Prospect.

+ Copper‐silver mineralisation now confirmed along 20 strike kilometres of the 36 kilometre prospective horizon @the Mango Prospect.

+ Significant intercepts from 11 drill holes include:

- MGDD1387 –4.4m @3.2% Cu &561 g/t Ag;
- MGRC1677 –6.0m @1.0% Cu &153 g/t Ag.


+ Higher silver grades intersected including an intercept of 561 g/t over 4.4 metres.

+ Drilling programme continues with further results anticipated in the first quarter of ´12. ...
http://stocknessmonster.com/news-item?S=DML&E=ASX&N=238128

[Popeye82]

Argex Mining - announces 3000% scale up of TiO2 pilot-plant - Dec 5, 2011
http://finance.yahoo.com/news/Argex-announces-3000-scale-cnw…

[Popeye82]

Kasbah Resources - Acquires Bou El Jaj Tin Prospect; W. Bramwell: "Bou El Jaj is a very strategic acquisition for Kasbah due to its proximity to Achmmach. This is an emerging tin belt +expanding our exploration program within this tin belt to increase our tin inventory is consistent with the Company‟s growth strategy. Post transfer of the Bou El Jaj permits, the Kasbah exploration team will commence ground work in preparation for a drilling program in ´12" - Dec 5, 2011

+ Kasbah has signed an agreement to acquire the Bou El Jaj(BLJ) Tin Prospect in Morocco;

+ BLJ is a prospective outcropping tin target within trucking distance of Achmmach(8km);

+ Tin grades to 17.9% Sn defined by Kasbah rock chip sampling;

+ BLJ has previously been explored by the Bureau des Recherches et de Partcipations Minieres(BRPM) by diamond drilling, gallery development +surface trenching;

+ BLJ is the southernmost extension of a mineralised corridor that is ~2.5 to 3 kilometres wide +nearly 12 kilometres long in strike that extends south south-west from Achmmach;

+ The tin mineralisation is clearly associated with a regional magnetic feature which also hosts the Achmmach tin mineralisation. Rock chip sampling by Kasbah confirms presence of outcropping tin mineralisation in the area previously explored by BRPM; +

+ The transfer of the tenements to Kasbah has commenced. ...
http://stocknessmonster.com/news-item?S=KAS&E=ASX&N=570221

[Popeye82]

East Coast Minerals - Completion of Acquisition of Wolfsberg Lithium Project; N. Little: "Having completed this final step in the acquisition of the Wolfsberg Lithium Project, ECM’s Board +management are keen to further develop the Project through an aggressive drill programme in order that ECM can expand on its resource base +start to move the resource into the measured +indicated categories. Upon bringing the Project into production, ECM will be ideally placed to supply part of the 28% of global lithium production that is currently consumed each year within Europe; all of which is currently imported from outside Europe" - Dec 5, 2011
http://stocknessmonster.com/news-item?S=ECM&E=ASX&N=659762

[Popeye82]

Aquila Resources - Gravenhage Manganese Project -DFS Completed - Nov 30, 2011

+ Gravenhage Manganese Project Definitive Feasibility Study(“DFS”) has confirmed the technical +economic viability of a 1.5Mtpa ROM manganese development of the Gravenhage Manganese Project(“Project”) in the Kalahari region of South Africa

+ Initial capital expenditure is estimated @US$180m including EPCM, contingency, Owners’ costs +pre-production costs

+ Life of Mine average operating costs of ~US$2.90/dry metric tonnes per unit(“dmtu”) Cost Insurance Freight(“CIF”) China(excluding royalties)

+ Updated Resource Statement has increased the Resource(JORC) of the Gravenhage Deposit to 117.9Mt @38.3% Mn

+ The Project mine plan has identified a maiden Proved +Probable Reserve(JORC) of 20.2Mt @40.1% Mn

+ Mining Right approval is expected to be granted in Q1 ´12

+ major target market is China, where ferro-alloy producers have expressed strong interest in evaluating the Gravenhage ores

+ Strong exploration potential within the Project area ...
http://stocknessmonster.com/news-item?S=AQA&E=ASX&N=569332

[Popeye82]

RUM Jungle Resources - Barrow Creek1 Phosphate Resource Upgrade: @a 10% P2O5 cut-off, the total resource(Inferred +Indicated) is 253.000.000Tonnes @15% P2O5, @a 15% P2O5 cut-off, the total resource (Inferred +Indicated) is 97.000.000Tonnes @18% P2O5; confirms Barrow Creek1 as one of the biggest unexploited phosphate deposits in Australia +the most exciting new Georgina Basin phosphate discovery in decades; Negotiations regarding the development of Barrow Creek1 have commenced +are continuing with a number of interested parties. Planning is now underway to commence trial mining in ´12 to obtain a bulk sample to send to an interested fertiliser consortium in Asia whose representatives recently visited the site - Dec 5, 2011
http://stocknessmonster.com/news-item?S=RUM&E=ASX&N=366315

[Popeye82]

Modun Resources - 489.000.000tonnes Maiden JORC Reportable Coal Resource, @Nuurst, almost double its previous targets; C. Mardon: "The JORC Reportable Coal Resource has confirmed our belief that we have a valuable asset to develop. The close proximity to infrastructure +a major coal market adds to the potential for a large scale project. These results propel Modun to having one of the largest tonnage coal resources of the ASXlisted companies currently operating in Mongolia. Furthermore, we believe we have a substantial project on just 16 percent of the licence area. We also see significant exploration upside -we are yet to unlock the full value of this licence" - Dec 5, 2011

+ Maiden JORC Reportable Coal Resource for Nuurst Project of 489.000.000tonnes(417.000.000t Indicated, 72.000.000t Inferred)

+ Resource exceeds initial expectations, provides potential for large scale coal mine

+ As a consequence of the rapid resource discovery, Modun plans to immediately commence a Scoping Study

+ ´12 exploration program to target further coal resource, 84% of licence under-explored; Modelling suggests the resource is open to the north +becomes shallower. This area will be a focus of the ´12 exploration program

+ Nuurst located six kilometres from existing rail infrastructure -would provide direct transport to the Chinese border 610 km away

+ Modun said the Project’s significant resource +coal seam thickness(100 metre+ coal sequences) should translate into a low stripping ratio, which lends itself to a large scale, low cost mining operation.

+ Resource defined within six months of Modun acquiring Nuurst ...
http://stocknessmonster.com/news-item?S=MOU&E=ASX&N=570164

[Popeye82]

Xanadu Mines - 170.000.000t JORC Resource for Galshar Coal Project -a 51% increase to 497.000.000t - AI - 6-Dec-2011
www.australianinvestor.com.au/news.asp?id=42168
http://stocknessmonster.com/news-item?S=XAM&E=ASX&N=659908

"Xanadu Mines Ltd have announced a coal resource for the Galshar Coal Project (“the Project”). Xanadu has a 100% interest in the Project located in the Dornogovi Province of Eastern Mongolia, 65 kilometres from rail infrastructure and 200 kilometres from the China border.

The Galshar Coal Project comprises three contiguous exploration licences (EL15292X, EL12553X and EL9383X) covering over 131 square kilometres (13,152 hectares) in the Choir-Nyalga Coal Basin . Galshar is strategically located within 65 kilometres of a rail spur at the Bor Undor fluorite mine, which connects to the Trans Mongolian Rail system to China.

Independent geological consultants – McElroy Bryan Geological Services (“MBGS”) has prepared the coal resource on EL15292X, EL12553X, EL9383X in accordance with the Australian Guidelines for the Estimation and Reporting of Inventory Coal, Coal Resource and Coal Reserves (March 2003). Resources are reported in compliance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (“The JORC Code”) 2004 Edition.

MBGS has completed a compilation and assessment of exploration to date and have estimated an initial Indicated and Inferred Resource of 170Mt. The resources comprise 70Mt of Indicated and a further 100Mt of Inferred, all of which are at depths of less than 120 metres.

Commenting on the Galshar Coal Project, Xanadu’s Chairman Brian Thornton said “we are very pleased to have successfully defined a thermal coal resource to JORC classification code at Galshar, with easy road and rail access to the China market and which is suitable for power generation and proven coal to liquids (CTL) technologies. The company has now commenced the necessary permit process for a Mining Licence at the Galshar project.

In conjunction with our Khar Tarvaga thermal coal project, the addition of Galshar represents a 51% increase in the company’s JORC compliant coal resource inventory to 497mt. "

[Popeye82]

Allana Potash - Drilling Intersects Robust Potash of 44% KCl Over 2.5 Metres in Hole 30; F. Abasov: "Allana continues to be encouraged by the continuity +strength of potash mineralization in the western portion of the property as exhibited by the results of Hole 30. This area continues to yield high grade potash in the Sylvinite +Kainitite zones which management believes will allow Allana to upgrade mineral resources from Inferred to Measured +Indicated categories as well as add to the Inferred category. The relatively shallow +high grade nature of the Sylvinite Zone make this area ideal for solution mining with recovery through solar evaporation"; also pleased to announce the promotion of Jason Wilkinson to Vice President, Danakhil Operations to reflect the shift in activity @the Danakhil project to the development stage, project continues to advance with a Feasibility Study underway +emphasis being placed on geotechnical drilling, rock mechanical testwork, pilot studies on solution mining cavern development +solar evaporation ponds - Dec 6, 2011

+ Hole 30 Intersects Two Prominent Zones of Potash Mineralization

+ Hole 30 Intersects 44% KCl Over 2.5 Metres of Sylvinite

+ Hole 30 Intersects 23% KCl Over 6.9 Metres of Kainitite ...
www.marketwire.com/press-release/allana-potash-drilling-inte…

[Popeye82]

Kootenay Gold - Drills 120 Meters Grading 164 gpt Silver Equivalent(68 gpt Ag +2.24% Pb+Zn) Including High-Grade Intervals of 31 Meters of 292 gpt Silver Equivalent(118 gpt Ag +4.06 Pb+Zn) +13 Meters of 362 gpt Silver Equivalent(149 gpt Ag +4.96% Pb+Zn); moves toward updated 43-101 Resource Estimate - Dec 6, 2011
http://finance.yahoo.com/news/Kootenay-Drills-120-Meters-cnw…

[Popeye82]

Century Iron Mines - Announces Initial Assay Results from the ´11 Summer Drilling Program, @the Sunny Lake Project; drills up to 341.1m @28.4% Fe(drilled @-90° dip); drill core shows that the taconite mineralization is relatively flat-bedding(0-10° bedding) with local variations due to faulting +folding. Therefore the core lengths in the assay results table below are close to being the true thickness of the iron mineralization. Furthermore, there are local occurrences of iron mineralization thickening due to the repetition of the iron beds due to faulting +folding; Summer ´11 diamond drilling @Sunny Lake started testing an ~13.5 kilometre strike length of potential taconite iron mineralization, determined from a ´10 surface geology mapping program +favourable magnetic +gravimetric surveys; objective of the ´11 drilling program is to determine cross sectional shape +a preliminary indication of the lateral continuity of the iron mineralization, to evaluate general size/grade potential - Dec 6, 2011
www.marketwire.com/press-release/century-iron-mines-corporat…

[Popeye82]

Trelawney Mining +Exploration - Intersects 583.00 Metres of 0.77 g/t Gold @Cote Lake; Resource Update planned for early ´12 - Dec 6, 2011
www.marketwire.com/press-release/trelawney-intersects-58300-…

[Popeye82]

Pacific Wildcat Resources - &Mrima Hill Trust Sign Two Month Extension to Memorandum of Understanding; As part of the formalization process of the community trust, application has been made to register the group corporately as the Mrima Hill Trust. Administrative delays in processing the application resulted in the necessity of extending the MOU until the MHT becomes formally registered +has the standing to enter into a final definitive agreement with the Company - Dec 6, 2011
www.marketwire.com/press-release/pacific-wildcat-resources-c…
http://media3.marketwire.com/docs/paw126_img.pdf

[Popeye82]

EastCoal - Anthracite Market Strong +Growing; Company has received independent confirmation that there are ready, strong +growing domestic +international markets for future production of anthracitic coal products from the Verticalnaya coal mine now under development by EastCoal in Ukraine; EastCoal engaged MinAxis Pty Ltd("MinAxis"), an Australian company specializing in coal marketing, to undertake an independent marketing study including reviews of the coal handling +preparation plant which has been built under contract in the UK, Verticalnaya's product range +options, to undertake meetings with potential domestic customers, to review export related infrastructure +to provide information on potential export market opportunities +achievable prices; MinAxis notes that Ukraine ranks as the world's 4th largest producer of anthracite with output of 15.200.000tonnes in ´10 +rising under Government strategy to reduce the country's dependence on imported fuels, which includes plans to increase coal production +usage, Ukraine production of anthracite reached 16.500.000tonnes in ´10, representing 3% of world production, +is expected to rise by >30% in ´11. Most of the increased production will be sold into the fast-growing domestic market where usage was 11.900.000tonnes in ´10; Most of Ukraine's production is utilized by the power industry, one of the few in the world to generate base load electric power using anthracite. MinAxis has identified other potential customers in the steel, other metallurgical +industrial processes +in demand for transport +domestic heating. Of particular interest is the possibility of developing a useful market in pulverized coal injection(PCI) product in a local steel industry that has attracted major world steel producers to establish new facilities in Ukraine, MinAxis has recommended slight changes to be made on-site to the configuration of the coal handling +preparation plant as the H11 seam @Verticalnaya is developed +coal production rises significantly to exceed production from the H8 seam, This will enable the mine to produce power station fines(PSF) up to 6mm in size, a lower value product that forms the basis of power station demand for anthracite. It will also enable Verticalnaya to produce a separate high quality product, a coarse low ash, low sulphur product 13 to 35mm in size; MinAxis expects these two products to have a ready market domestically +internationally given changes that are taking place in the anthracite industry. Domestically, the main changes are the declining availability of low sulphur coal supplies +the increasing number of mine closures indicated over the next decade, Broader changes are occurring in the world industry. Vietnam, the major exporter of anthracite, is reducing shipments to conserve resources. Chinese anthracite usage is exceeding domestic production. Russian policy is to focus increasingly on producing anthracite that is competitive for export to Asia. Further, the reduced availability of low sulphur anthracite is causing pressure to relax existing standards in various countries, In the case of Russia, its policy could lead some existing anthracite users to seek alternative supplies, particularly in districts closer to Ukraine where there is familiarity with Ukraine anthracite +transport distances are not great. MinAxis suggests that there is a possibility some of these regions could develop as "a 2nd domestic market" for Verticalnaya product, Other markets have been accessed by Ukraine producers in the past but with world export supplies tightening, combined with localized market factors, the low sulphur lump anthracite expected from Verticalnaya's H8 seam should provide many opportunities, according to MinAxis' study; MinAxis points out that domestic prices of anthracite in Ukraine, although rising, are influenced by prices agreed between state-owned power stations +state-owned mines. However, there are an increasing number of privately-owned producers +prices in other industries are not so heavily influenced by these factors. The prices that MinAxis regards as achievable are well above the costs indicated by EastCoal's technical studies, both in the Ukraine domestic market +in export markets; J. Byrne: "We have always targeted a USD$50/tonne margin @full production of 3.000.000tonnes from Verticalnaya +the report suggests this will be achieved" - Dec 5, 2011

major conclusions of the study were:

+ There are substantial opportunities for Verticalnaya's production in Ukraine which could absorb 75% to 80% of proposed production.

+ It should be possible to export the balance of production mainly to potential customers in nearby markets in Russia but with opportunities in diverse markets in the Mediterranean, Europe +India.

+ The long term prices that MinAxis estimates for domestic +export markets is USD$115/tonne in ´11 real terms. This would provide a substantial profit margin based on EastCoal's estimates of production +transport costs. ...
www.marketwire.com/press-release/eastcoal-inc-anthracite-mar…

[Popeye82]

Cyclone Power Technologies - Receives Patent in Japan For its All-Fuel, Clean-Tech Engine - Dec 6, 2011
http://finance.yahoo.com/news/Cyclone-Power-Technologies-bw-…

[Popeye82]

Columbus Gold - to Purchase Outright 100% Interest in 1.900.000 Oz. Paul Isnard Gold Project; Terminates Earn-in Requirement; R. Giustra: "This latest amendment results in an acquisition cost of about US$5.30/ounce for 1,890,000 inferred ounces, which is a very impressive achievement in an environment of historically high gold prices. In addition, the deal removes any doubt respecting our ability to achieve a 100% interest in the project. Combined with the recent news concerning the reduction of the underlying royalty, it is not unreasonable to point-out that this project has been materially de-risked. We are now prepared to proceed with an aggressive drilling campaign"; Drilling @Paul Isnard will focus on the Montagne d'Or gold deposit where holes will be drilled up to 200 metres depth with the goal of increasing the mineral resources, +where infill drilling is expected to convert Inferred resources to Measured +Indicated categories. Future drill programs will target the eastern +western extensions of the Montagne d'Or deposit where >2.5 km of strike provides expansion potential, +will test numerous underdeveloped gold prospects +undrilled geochemical anomalies which occur throughout the project area - Dec 6, 2011
www.marketwire.com/press-release/columbus-gold-purchase-outr…

[Popeye82]

Coalspur Mines - Additional 7,296 Hectares of Coal Bearing Leases Acquired; Gene Wusaty: "The new leases are strategically positioned as they further consolidate our lease holdings in the area +any new coal resources on these leases will have the potential to leverage off of any future infrastructure built on Vista. We will begin our exploratory drilling +geological assessment on the new leases in the spring of ´12 +we believe the new leases have the potential to contain substantial Coal Resources as they are on the same geological trend as Vista" - Dec 6, 2011

+ Acquired additional 7,296 hectares of coal leases from the Alberta Government

+ Acquisition increases the Company’s total coal lease position in the Hinton region to 40,567 hectares

+ New leases are located ~10km from Vista +contain the same geological structure

+ New leases are strategically located in close proximity to existing rail infrastructure ...
http://stocknessmonster.com/news-item?S=CPL&E=ASX&N=570409

[Popeye82]

Quebec exploration group attacks proposed environmental law ; A Quebec industry association lashed out @the provincial government on Monday over a proposed bill that would give municipalities the power to block mining +exploration activities . The Quebec Mining Exploration Association(AEMQ) said it was “appalled” by the proposed Bill 14, which it said would cause the administration of the provinces minerals to become “messy +incoherent” - MW, TORONTO - Dec 5, 2011

- Matthew Hill -
www.miningweekly.com/article/quebec-exploration-group-attack…

"A Quebec industry association lashed out at the provincial government on Monday over a proposed bill that would give municipalities the power to block mining and exploration activities.


The Quebec Mining Exploration Association (AEMQ) said it was “appalled” by the proposed Bill 14, which it said would cause the administration of the province's minerals to become “messy and incoherent”.

Canadian think tank the Fraser Institute in March said Alberta was the most favourable mining investment destination in Canada, beating Quebec, which held the top spot since 2008.

International policy research VP Fred McMahon flagged Bill 14 as one of the reasons why Quebec fell to fourth place, when the institute announced the results of its annual survey earlier this year.

The mining sector in Canada has a powerful lobbying force, and moved to crush the proposed Bill C-300 last year – a piece of legislation that would have held Canadian mining companies operating in other countries more accountable.

The AEMQ said Bill 14, which Minister for Natural Resources and Wildlife Serge Simard first tabled in 2010, “endorses the abandonment of the government's fiduciary responsibility of managing mineral resources”.

“By giving municipalities the option to reject exploration activities, the government of Quebec is setting up an environment of unprecedented instability within Quebec's mineral business sector,” AEMQ president Jean-Marc Lulin said in a statement.

“There should be no illusions vis-à-vis investors as this loss of confidence in mining titles will extend to the rest of Quebec, including the Plan Nord territory,” he added, referring to the province’s plan to develop resources in the northern areas.

Bill 14 seeks to amend Quebec’s Mining Act, and aims to improve sustainability in the sector.

Among the requirements it aims to force the mining industry to comply with are increasing the financial guarantee required to cover the rehabilitation costs of mine sites from the previous 70% to 100%.

It also increases the amount of fines for environmental infractions, and says all mining projects will be submitted for public consultation.

Bill 14 also gives the Minister the power to prohibit or restrict mining activities in certain sectors, including areas within an urbanization perimeter or land dedicated to vacationing.

“These new provisions not only weaken our economic development, but also jeopardise Quebec's sustainable development,” Lulin said.


Edited by: Creamer Media Reporter "

[Popeye82]

Peru enforces emergency decree to end mining protest; Security forces fanned out across Peru's Cajamarca region on Monday to enforce emergency measures decreed by President Ollanta Humala to put an end to 11 days of protests against a $4.8-billion gold mine project. Humala, a former army officer, called leaders of the environmental protest "intransigent" after weeks of mediation efforts failed again late on Sunday -prompting him to give the military +police extraordinary powers to end rallies that have shut roads, schools +hospitals in Cajamarca - MW/Reuters - Dec 5, 2011
www.miningweekly.com/article/peru-enforces-emergency-decree-…

[Popeye82]

Global Witness pulls out of blood diamond scheme; Campaign group Global Witness has pulled out of the Kimberley Process, a scheme designed to prevent "blood diamonds" from entering the mainstream market, calling the scheme outdated +a failure, almost nine years after its launch. In a damning statement on Monday, Global Witness said the Kimberley Process had refused to close flaws +loopholes +accused the diamond-producing governments running the scheme of showing little interest in reform - MW/Reuters - Dec 5, 2011
www.miningweekly.com/article/global-witness-pulls-out-of-blo…

[Popeye82]

Nevsun sees no direct impact from Eritrea sanctions
Gold miner Nevsun Resources on Tuesday said there would be no direct impact on its operations in Eritrea, following the United Nations Security Council (UNSC) tightening two-year-old sanctions against the State this week, following a UN-report linking the government to funding insurgents in the Horn of Africa. However, the company was not sure whether there would be any indirect impacts, as the resolution suggested that future guidelines could be prepared for optional use by individual UN member states - MW, JOHANNESBURG -

[Popeye82]

Nevsun sees no direct impact from Eritrea sanctions; Gold miner Nevsun Resources on Tuesday said there would be no direct impact on its operations in Eritrea, following the United Nations Security Council(UNSC) tightening two-year-old sanctions against the State this week, following a UN-report linking the government to funding insurgents in the Horn of Africa. However, the company was not sure whether there would be any indirect impacts, as the resolution suggested that future guidelines could be prepared for optional use by individual UN member states - MW, JOHANNESBURG - Dec 6, 2011

- Henry Lazenby -
www.miningweekly.com/article/nevsun-sees-no-direct-impact-fr…

[Popeye82]

International Coal - Significantly expands interests in Eromanga Coal Basin; board believes these applications area compliment the company’s existing EPC 2197 - Dec 6, 2011

+ ICX applies for 11 EPC’s in Eromanga Basin area +surrounding region

+ EPA’s cover a massive area of over 8,800 km2

+ Potential to provide an extensive landholding in the developing region

+ Tenements under application are adjacent to company’s EPC 2197

+ Provides ICX with a substantial and strategic interest in the region

+ ICX still active @South Blackall site ...
http://stocknessmonster.com/news-item?S=ICX&E=ASX&N=570384

[Popeye82]

Broken Hill Prospecting - Large targets identified along trend from Big Hill Cobalt Deposit near Broken Hill - Dec 6, 2011

+ Large +strong anomalies have been defined by IP geophysics extending over 4km.

+ Anomalies are considerably more pronounced than IP anomalies @the nearby Pyrite Hill +Big Hill cobalt deposits.

+ One substantial, complex +highly conductive anomaly has potential for a very large, near-surface cobalt deposit +is a high priority untested target.

+ One near-surface anomaly has very high chargeability, is 1km in length +is an excellent massive sulphide drill target.

+ Possible shallow extensions of the Big Hill resource have been indicated.

+ Drilling follow-up is planned in early ´12. ...
http://stocknessmonster.com/news-item?S=BPL&E=ASX&N=186138

[Popeye82]

Montezuma Mining - 144% Increase Butcherbird Project Global Manganese Resource -to 119.000.000t @11.6% Mn ; Based on the geological similarities +preliminary metallurgical test work it is envisaged that these new resources will be amenable to the same mining +beneficiation processes being investigated for Yanneri Ridge +that they therefore represent important long term manganese inventories which enhance the projects overall long term commercial viability - Dec 6, 2011

+ Mineral Resource Estimates completed for seven additional deposits

+ Additional Inferred Resources total 70.000.000tonnes @11.4% Mn reported @a 10% Mn cut-off.

+ Global Inferred Mineral Resources for the Butcherbird Manganese Project now stands @119.000.000tonnes @11.6% Mn @a 10% Mn cut-off, with

+ A further low grade Mineral Resource of 55.900.000tonnes @9.3% Mn calculated for material grading 8 -10% Mn. ...
http://stocknessmonster.com/news-item?S=MZM&E=ASX&N=570573

[Popeye82]

Guildford Coal - Maiden Mongolian Middle Gobi JORC: 221.000.000t I/I -base across Queensland +Mongolia now totals 1.320.000.000t - Dec 6, 2011

+ Key milestone for Middle Gobi Coal Project with maiden independently prepared Indicated +Inferred JORC Resource for EL12929X of 221.000.000t of thermal coal(32.000.000t Indicated +189.000.000t inferred)

+ This resource adds to the recently announced maiden JORC resource for the South Gobi Project of 63.100.000t(38.200.000t indicated +24.900.000t inferred)

+ The total initial JORC Resources for Mongolian Projects totals 284.000.000t of coking +thermal coal(70.000.000t Indicated +214.000.000t Inferred)

+ The Middle Gobi Project thermal coal resource contains multiple shallow +thick coal seams amenable to open cut mining methods

+ Drilling is scheduled to recommence in March ´12 following shutdown for the winter period to expand the current resource @EL12929X in the Middle Gobi Project

+ Coal from Middle Gobi Project could be trucked to the Trans Mongolian Railway where it could be transported by rail to either the Chinese or Russian border

+ Guildford’s attributable JORC coal resource base across Queensland +Mongolia now totals 1.320.000.000t ...
http://stocknessmonster.com/news-item?S=GUF&E=ASX&N=660112

[Popeye82]

Aquila Resources - Acquires the Bend Copper-Gold Deposit; deposit contains a historical resource estimate(non NI 43-101 compliant) of 3.000.000tonnes @2.4% copper, 1.4 g/t gold +13.7 g/t silver, +remains open down dip +down plunge. In addition, a separate gold zone containing 1.230.000tonnes of 4.7 g/t gold +.31% copper was delineated in historic technical reports(non NI 43-101 compliant) +remains open in all directions; project is part of the Company's strategic Exploration Alliance with HudBay Minerals Inc.(TSX:HBM)(NYSE:HBM) ("HudBay") to explore for base metal projects in designated areas throughout North America - Dec 5, 2011
www.marketwire.com/press-release/aquila-acquires-the-bend-co…

[Popeye82]

Batero Gold - Intersects Significant Gold +Copper Mineralization from Near Surface @La Cumbre, drills "up to" 344.40m @0.81 g/t gold +0.16% copper +354.11m @0.79g/t gold +0.08% copper; Company anticipates finalizing its initial resource estimate by the end of the year, +will publish its 1st independent resource estimate report by Roscoe Postle Associates Inc. in January, ´12 - Dec 7, 2011
www.marketwire.com/press-release/batero-gold-intersects-sign…
http://media3.marketwire.com/docs/Plan_Map_Nov_30_2011.pdf
http://media3.marketwire.com/docs/Plan_Map_La_Cumbre_Nov_30_…

[Popeye82]

Champion Minerals - Announces Remaining Assay Results from the ´11 Drilling Program Completed @the Moire Lake Project; drills up to 336.4metres of magnetite-hematite rich iron formation grading 27.7% Total Iron; T. Larsen: "The ´11 Moire Lake drilling program has proven to be another highly successful campaign for Champion. We are confident that our drill results will produce a substantial increase in resources above the Historical Resource Estimate reported for the Lac Moire Occurrence. We also see additional upside resource potential for the Project from the Northeast Trend anomaly, although this prospective zone remains to be drilled. Our current interpretation suggests the bowl-shaped geometry of the Lac Moire Occurrence extends onto ArcelorMittal's neighbouring Mont Wright property with preliminary modelling suggesting that Champion has likely identified sufficient resources to potentially develop the project on a stand-alone basis "; has commissioned P&E Mining Consultants Inc. to complete a National Instrument 43-101 compliant Mineral Resource Estimate for the Moire Lake Project with results expected in early ´12 - Dec 7, 2011
www.marketwire.com/press-release/champion-minerals-announces…

[Popeye82]

Rare Earth Industries - Announces Letter of Intent to Acquire Lion Petroleum Corp.; Pursuant to the Block 1 PSC +the Block 2B PSC, respectively, Lion has a 50% interest in a petroleum exploration +production concession of ~7.8 million acres(31.781sq km) in one contiguous block("Block 1" ) +has a 100% interest in a petroleum exploration +production concession of ~1.9 million acres(7,807sq km) in a 2nd contiguous block("Block 2B"), both of which concessions(collectively, the "Concessions" ) are located in the Republic of Kenya. Both the Block 1 PSC +the Block 2B PSC are subject to an 18% back-in right by the Government; In connection with the Acquisition, Rare Earth intends to complete a non-brokered private placement(the "Offering") of up to 45,000,000 subscription receipts at $0.20 each for aggregate proceeds of up to $9,000,000 - Dec 6, 2011
www.marketwire.com/press-release/rare-earth-announces-letter…

[Popeye82]

Aguia Resources new phosphate projects in Southern Brazil - AI - 7-Dec-2011
www.australianinvestor.com.au/news.asp?id=42175
http://stocknessmonster.com/news-item?S=AGR&E=ASX&N=186164

"Highlights:

+ Based on recent drilling success at the Tres Estradas (“TE”) phosphate project the Company has identified similar target areas in the state of Rio Grande do Sul in southern Brazil.

+ A total of eight targets covering approximately 30,000 hectares have been applied for in the region.

+ The tenements are targeting potential phosphate deposits within carbonatite host rocks similar to the TE project where recent drilling has returned excellent wide zones and grades of phosphate mineralisation from the surface. These include;

+ 27.00 metres @ 17.75% P2O5 from surface
- Includes 12.30 metres @ 24.60% P2O5

34.00 metres @ 10.91% P2O5 from surface
- Includes 18.85 metres @ 15.58% P2O5


+ Further results of diamond drilling from the TE project are pending.

+ The Company is targeting projects that show early stage signs similar to the carbonatite style hosted phosphate deposits mined by Vale within Brazil, examples include the Araxa (Reserve: 88.7 Mt @ 11.12% P2O5) and Cajati (Reserve: 85.1 Mt @ 5.45% P2O5) operations.

+ The operating mines are profitable due to their excellent mineralogy enabling the ores to be beneficiated to a suitable concentrate grade (>32% P2O5) and their close proximity to domestic markets including fertiliser blenders and end users.

+ Brazil is heavily reliant on imports of approximately 50 percent of its phosphate needs. "

[Popeye82]

Apella Resources - Final Assay Results Provide Economic V2O5Eq Data Game-Changer Vanadium-Iron-Titanium Project; In the previous release the Fe2O3 +TiO2 data was not included for the due diligence samples taken by Apella's Qualified Person Dr. C. Derosier, P.Geo; Apella's Iron-T Deposit @Matagami, Quebec +this new Egan Complex, the Game-Changer discovery similarly hold a non-negligible portion of Magnetite +Titanium di-oxides. It is consequently important to determine the dollar value/tonne of the oxide contained in the mineralized zones as well as the cut-off grade. This cut-off grade is expressed as a percentage; The extensive enriched mineralization was discovered by the prospecting team of R. Laviolette +G. Dumoulin while prospecting the Timmins region in May of ´11. The Game Changer Project is an assemblage of mineral claims which provide two distinct mineralized zones, each presenting excellent potential to host economic Vanadium-Iron-Titanium deposits. The two zones identified to date have been designated as the West Structure +East Structure for future reference; P. D. O'Brien: "These added results meet Apella's expectations for the preliminary stages of this new project +have had a significant upward impact on the relevant V2O5Eq numbers outlined in the same chart herein placing 80% of Dr. C. Derosier's due diligence samples above Apella's breakeven target values"; planning for the next phase of exploration +drilling on the Game-Changer Project are in progress, as with the Iron-T - Dec 6, 2011
www.marketwire.com/press-release/apella-resources-inc-final-…

[Popeye82]

Axion International Holdings - Announces Completion of Europe’s 1st Recycled Plastic Bridge ; 90 Foot Road Bridge for Heavy Vehicles Was Prefabricated By Axion +Erected in <Two Weeks Using 100% Recycled Plastic Composites, the 1st of its Kind Outside the US; The bridge has been designed to meet European standards with a load rating of 45 metric tons, thus allowing construction projects to be initiated in a similar manner throughout the continent; S. Silverman: "Axion couldn’t be more thrilled to be a part of this historic project in Scotland, producing Europe’s 1st plastic recycled bridge. This project validates our strategy to deploy Axion’s building materials using our prefabrication concept to reduce on site down-time +costs, creating a more value added proposition for our customers. By taking advantage of our material’s strong, yet light-weight nature, we were able to cost-effectively ship the entire span to Scotland, +then complete construction on-site in just two weeks. The remarkably fast erection time of only four days for a 90 foot bridge is a major benefit of our unique composite material, as it substantially reduces the complexity +cost of construction, +is good for the environment as well. Now that Europe’s 1st recycled plastic bridge is complete, we look forward to pursuing additional opportunities throughout the region. It has been a fantastic achievement to introduce the 1st recycled plastic bridge outside of the US. Thanks to Axion's commitment to our requirements, Vertech has been able to build this bridge in record time +save 50 tons of plastic waste from going into landfill or being shipped to Asia", Prof. Tom Nosker, one of the nation's top mechanical engineers according to Inventors Digest magazine +Professor @Rutgers University: As the principal inventor of this technology nearly 20 years ago, I was thrilled to have the opportunity to work on this recycled composite bridge +appreciate the trust +confidence that has been extended by all involved to attempt this historic project. This bridge is the most beautiful I have worked on, +it was erected in <four days, which is a monumental feat in itself for a 90 foot road bridge" - Dec 7, 2011
http://finance.yahoo.com/news/Axion-International-Announces-…
www.trilogy-capital.com/autoir/axih_autoir.html

[Popeye82]

MorphoSys AG - präsentiert mit Ylanthia® die nächste Generation der Antikörpertechnologien; Neuartiges Konzept soll Medikamentenkandidaten mit verbesserten Eigenschaften gegen bislang unzugängliche Zielmoleküle +Bindungsstellen liefern; Dr. S. Moroney: "Ylanthia geht einen Schritt weiter als alle derzeitigen Antikörpertechnologien , unter denen bereits unsere HuCAL-Plattform den vermutlich erfolgreichsten Vertreter darstellt. Wir sind davon überzeugt, dass die Erfolgsgeschichte der therapeutischen Antikörper noch deutlich ausgebaut werden kann, wenn bestimmte Hindernisse aus dem Weg geräumt werden. Ylanthia adressiert zahlreiche Faktoren, die den Erfolg dieser Medikamentenklasse derzeit noch begrenzen. Diese innovative Plattform bietet attraktive kommerzielle Chancen für MorphoSys durch eine ganze Reihe an künftigen Antikörpermedikamenten für uns +unsere Partner" - Dec 6, 2011
www.finanznachrichten.de/nachrichten-2011-12/22129653-morpho…

[Popeye82]

Josephine Mining - Triples Acreage @Turner Gold - Dec 7, 2011
http://finance.yahoo.com/news/Josephine-Mining-Corp-Triples-…
www.marketwire.com/library/20111207-b1207jmc_800.jpg

[Popeye82]

Buxton Resources - Premium Metallurgical Characteristics Confirmed @Zanthus - Dec 7, 2011

+ Cohen Deposit Davis Tube Testing confirms 66.4% average iron product delivered @150(p80). micron grind size

+ Very low silica content

+ Amongst the best coarse grind magnetite results in Australia

+ These metallurgical results compare very favourably to virtually all magnetite operations or discoveries in Australia. The coarse grind sizes indicate future capital +operating costs, +in particular energy costs, may be significantly lower than similar operations. When combined with the access to rail infrastructure just 25km away the potential for a relatively low capital +low operating cost operation is clear

+ Further optimisation work may be required, given three/four samples showed the potential for a premium saleable product @150 microns or larger, whilst one sample required grinding to 106 microns. Additionally +very importantly however, a premium, high grade concentrate averaging about 68% Fe +just over 2% silica was able to be produced @a slightly lower grind
size of 106 microns ...
http://stocknessmonster.com/news-item?S=BUX&E=ASX&N=570672

[Popeye82]

Bee Concerned about CCD(Colony collapse disorder); To the average man on the street, insects apart from being an anoyance have no bearing on their daily existence. However this is not the case. People do not realize that a large portion of all of our food comes to us because of a direct relationship between a food crop +an insect; Einstein is reported to have said ―"If the bee disappears from the surface of the earth, man would have no more than four years to live" - BIR - Dec 7, 2011
www.vision6.com.au/download/files/18587/1521304/Article.6.%2…

[Popeye82]

What's coming up pre Christmas, AGM's, Events &IPO's - BIR - Dec 6, 2011
www.vision6.com.au/download/files/18587/1521308/Article%2011…

[Popeye82]

Gavin Wendt view is that Governments continue to take our mining sector for granted; As Australians we're pretty much 'relaxed &comfortable' types, as former PM John Howard once famously described us. For the most part this reference seems fairly innocuous -&it is. Where the problem however arises is with our politicians from the Greens &Labor side of politics. The relaxed &comfortable notion instead takes on a darker tone -one of complacency - BIR - Dec 7, 2011
www.vision6.com.au/download/files/18587/1521307/Article%209%…

[Popeye82]

Northern Gold - Sees a Revolutionary New Picture of its Drill Core Mineralization ; M.P. Gross: "This new application of hyperspectral technology will bring added value to Northern Gold's drilling programs in terms of greater productivity +reduced costs when assessing gold mineralization on the property. The Core MAPPER™ created by Photonic Knowledge represents the most significant improvement to logging +processing drill core that I have seen in the last 40 years. This revolutionary new process is now an integral part of Northern's drilling +exploration work on our Garrison Property +I'm impressed with the level +quality of service provided by Photonic Knowledge"; E. Roberge: "Core MAPPER's™ hyperspectral imaging is an application of a technology originally developed in the ´60's for remote sensing from aircraft +satellites that captures +analyzes information from across the entire electromagnetic spectrum. Much as the human eye sees light in three bands(red, green +blue), spectral imaging divides the spectrum into many more bands +Core Mapper™ adapts this technology for use @the drill core scale with significantly higher resolution. The wavelength differences of absorbed +reflected light shone onto the core samples is analyzed in hundreds of very narrow bands down to a resolution of 2 nanometers , or 2 billionths of a meter of the visible +near infrared light spectrum. This technological application has a spatial precision of 1 square millimeter , much greater than a square meter as usually found in remote sensing . Processing of the information identifies characteristic patterns for minerals, rock types +alteration types that can be mapped +displayed graphically in a variety of ways, in two or three dimensions, to guide additional drilling, model the deposits, target assaying zones within the core +generally speed up interpretation of results +generally add value by providing new insights into this +other data collected in a mineral exploration program. The major advantage of this technology is its ability to provide a picture to geologists with a field of view that is 1,600x larger from the conventional handheld spectrometer +900x more precise. The Core MAPPER™ is capable of mapping +analyzing up to 2,000 meters of core/day +we look forward to working to this volume with Northern Gold Mining Inc" - Dec 7, 2011

+ This hyperspectral imaging technology represents a significant advance in logging +processing drill core when assessing gold mineralization on the property.

+ Output integrates with geological modeling, enabling 2D or 3D visualization.

+ Northern Gold is currently utilizing Core Mapper™ one to two days/week to map +determine mineralogical content of 1500 -2000 meters of core.

+ With core mapping completed on nearly 50,000 meters of drill core to date @the Garrison Gold Property, Northern Gold plans to continue using this revolutionary new technology developed by Photonic Knowledge. Near term, NORTHERN GOLD plans to use the Core MAPPER™ to analyze ~100,000 meters of drill core drilled by previous operators on the Property with the expectation that several hundred thousand meters of past, current +future core drilling, +possibly including reverse circulation drill cuttings, will be mapped using this technology ...
www.marketwire.com/press-release/northern-gold-sees-a-revolu…

[Popeye82]

Hudson Resources - Reports Robust Preliminary Economic Assessment(PEA) For the Sarfartoq Rare Earth Project in Greenland; does not incorporate ´11 drill results; J. Tuer: "We are very pleased with the results of the PEA which demonstrate the robust economics of the project. Having the project located adjacent to tidewater provides significant economic benefits in both capital +operating costs. Looking ahead, we expect to have an updated resource estimate completed in early ´12, which will incorporate all of the ´11 drill results which includes dozens of high-grade sections from 2.0% to 6.5% TREO. We plan to update the PEA with the results of the updated resource estimate in early ´12. As the project economics are quite sensitive to grade, we are optimistic that higher project valuations will be reported in the updated PEA. Our plans for ´12 include the commencement of a prefeasibility study +an extensive drill program which will further delineate the high grade zones we encountered in ´11 as we well as other prospective targets that have been identified around the 32 km circumference of the Sarfartoq Carbonatite Complex. With current working capital of $12.5M, we anticipate accomplishing our entire ´12 program with our current treasury" - Dec 7, 2011

+ Net Present Value of $616M @a 10% discount rate, pre-tax

+ Internal rate of return(IRR) of 31.2% +a 2.7 year payback with a 21 year mine life

+ Capital costs of $343 million which includes a contingency of $60M, for a 2,000 tonne/day open-pit mine +processing facility

+ Operating costs of $105/tonne to produce an REO carbonate concentrate

+ Rare earth oxide prices of $32/kg were utilized, based on the three-year trailing FOB China average price as of October ´11, which were discounted by 43% to reflect the difference between rare earth carbonate concentrate +separated individual rare earth oxide prices. The price of $32/kg is a 74% discount to October 2011 FOB Spot prices

+ Annual rare earth carbonate concentrate production of 6,500 tonnes

+ The proposed metallurgical flowsheet includes bastnaesite +monazite flotation, leaching, acid bake solvent extraction +precipitation to produce a 42 -45% REO carbonate product. An overall recovery rate of 64% was used for the study ...
www.marketwire.com/press-release/hudson-reports-robust-preli…

[Popeye82]

Intrepid Mines - Tumpangpitu Porphyry Copper-Gold Resource Increases >70 Percent -to 1.700.000.000Tonnes @0.41% Copper +0.46g/t Gold; Brad Gordon: "While we are pleased to have tripled the size of this porphyry resource in just a little >a year , we still have not reached the limit of the resource @Tumpangpitu, let alone across the entire Tujuh Bukit project, which clearly ranks amongst the world’s major undeveloped copper-gold projects. We will soon have 11 drill rigs available, including one capable of drilling to depths of almost two kilometres. We look forward to initiating drilling @the Salakan porphyry +continuing to expand our exploration program across this exciting project area" - Dec 8, 2011

+ Tumpangpitu now Contains 15.000.000.000Pounds of Copper +25.000.000 Ounces of Gold(@0.2% Copper Cut-Off)

+ Mineralisation Remains open @Depth +Laterally

+ Not included in the above estimate is the Tumpangpitu oxide gold-silver zone which stands @130.000.000t @0.55 g/t gold +18 g/t silver for 2.400.000 ounces of contained gold +80.000.000 ounces of contained silver

+ Geological Potential @Tumpangpitu stands @an Additional 40% to60% of the Current Resource Tonnage @a Slightly Reduced Grade

+ new Estimate does not Include Five completed Holes Awaiting Logging +Assaying

+ Initial Drill Program @Salakan Porphyrys to Commence Q1 ´12 ...
http://stocknessmonster.com/news-item?S=IAU&E=ASX&N=570674

[Popeye82]

Century Iron Mines - Announces 2nd Group of Assay Results from the ´11 Summer Drilling Program @the Attikamagen Project - Dec 8, 2011

+ Summer ´11 reverse circulation(RC) drilling @the Joyce Lake target continues to intercept a potential "direct shipping iron ore"(DSO) target confirming drilling results from earlier in the year. Drill hole JOY-11-23 intersected 127 metres grading 50.65% Total Iron(FeT), including 33 metres grading 61.15% FeT.

+ Summer ´11 diamond-drilling @the Hayot Lake target corroborates results of ´10 +winter ´11 drilling, where drillholes spaced 500 metres to 1,000 metres by 200 metres have tested an ~8 kilometre strike length of favourable magnetic anomalies on the property. Drill hole HAY-11-18 intersected 149.3 metres grading 33.15 % FeT. ...
www.marketwire.com/press-release/century-iron-mines-corporat…

[Popeye82]

OriginOil - Announces New Research Agreement with U.S. Department of Energy’s Idaho National Laboratory, will work with DOE’s Office of Biomass Programs to create standards for algal biomass; R. Eckelberry: "The US Navy alone plans to achieve 50% use of alternative fuels in just eight years , a goal of eight million barrels of biofuels/year that must be blended from non-food fuels like algae. But to blend, we must standardize, using the latest breakthrough technologies. We are proud to contribute to this effort +will share what we learn with our approved partners worldwide", Deborah T. Newby: "INL develops tests +deploys advanced renewable energy technology, including research on algae. This agreement is to assist OriginOil by conducting evaluations of processes +technologies that may help find solutions to converting algae into energy feedstocks more efficiently, by optimizing +standardizing various formats. This research may accelerate the pursuit of national energy independence initiatives ", P. Reep: "OriginOil’s focus on developing standards for the industry in partnership with the US Department of Energy will set the stage for a multi-source system that depends heavily on algae, leading to its rapid expansion as a major fuel source alongside petroleum oil +natural gas" - Dec 8, 2011
http://finance.yahoo.com/news/OriginOil-Announces-New-bw-234…

[Popeye82]

Smartcool Systems - Bermuda Engineering Brings Smartcool ECO3 to New Market - Dec 8, 2011
http://finance.yahoo.com/news/Bermuda-Engineering-Brings-cnw…

[Popeye82]

Tournigan Energy - Forges Alliance with Areva, Acquires Scandinavian Uranium Assets, change its name to European Uranium Resources Ltd. +to complete a consolidation of its shares on a 1 new for 5 old basis; Dorian L. Dusty Nicol: "Europe has 186 nuclear power plants in operation +19 new plants under construction. @this time, there is only one operating uranium mine within the European Union, in the Czech Republic. Clearly, Europe has an urgent need to develop sustainable uranium production. European Uranium Resources will be the key uranium exploration company focused in Europe, the region with the world’s largest per capita consumption of uranium. On completion of these transactions, the Company will have a greatly increased uranium portfolio throughout Europe +will have established a strong working relationship with AREVA, ranked 1st in the global nuclear power industry +key player in uranium mining. This relationship will assist the Company in the exploration +development of its properties, including the Company’s flagship Kuriskova uranium project in Slovakia on which we plan to begin a feasibility study early next year" - Dec 8, 2011
http://finance.yahoo.com/news/Tournigan-Forges-Alliance-bw-1…

[Popeye82]

Growing resource in the Republic of Congo; A UK company is showing the way in developing a potentially huge phosphate deposit in the Congo - MJ - Dec 9, 2011
http://dl.dropbox.com/u/52638065/Cominco%20Mining%20Journal%…

[Popeye82]

Equatorial Resources - Secures Two New Iron Projects; Inreases Mayoko Landholding by 270% - Dec 1 , 2011

+ Equatorial has been granted two new Prospecting Permits for iron ore in the Republic of Congo.

+ The Prospecting Permits are both contiguous to Equatorial’s Mayoko-Moussondji Iron Project +confirm Equatorial’s position as the dominant land holder in the region.

+ The Company has secured 100% ownership of the new Prospecting Permits which are held by Equatorial’s 100% owned subsidiary Congo Mining Ltd.

+ Equatorial now has the potential to control the largest footprint for iron in the Republic of Congo with total land coverage of >4,500m2 across four iron permits.

+ The Prospecting Permits lie within the Chaillu Massif region +are considered highly prospective for iron mineralisation similar to Equatorial’s Mayoko-Moussondji Iron Project +the nearby Zanaga iron project.

+ The Oubouéssé Permit +the Moussondji Permit adjoin Mayoko-Moussondji +lie within the Chaillu Massif, a region within the ROC consisting of Archaean granite/gneiss +greenstone belts hosting a number of significant Banded Iron Formation(“BIF”) deposits. These deposits are generally characterised by extensive enriched hematite caps overlying primary magnetite BIF mineralisation.

+ Mayoko-Moussondji hosts an exploration target of between 2.300.000.000 +3.900.000.000 tonnes1 of iron mineralisation @a grade of 30% to 65% Fe. The project has access to a rail line running directly to the deep-water port of Pointe-Noire. A drilling program is underway aimed @defining a maiden resource during ´12. Initial drilling results have confirmed the existence of an enriched hematite cap which has the potential to host direct shipping ore(“DSO”)(refer ASX announcement 5 October ´11).

+ A prospecting campaign has commenced on the new Prospecting Permits with ground reconnaissance work +will be followed up with a detailed airborne geophysical survey. ...
http://stocknessmonster.com/news-item?S=EQX&E=ASX&N=570681

[Popeye82]

Universal Coal Plc - Brakfontein Project - Resource Update: 87.664.000t M/I/I, new Total: 1.935.300.000t M/I/I - Dec 8, 2011

+ A JORC compliant coal resource @the Brakfontein Thermal Coal Project of 87.664.000 tonnes(gross tonnes in situ) of which 70.530.000 tonnes are now Measured, 14.944.000 tonnes Indicated +2.185.000 tonnes Inferred.

+ The resource update follows completion of a 72 hole drilling programme.

+ The coal is contained within the V, IV, II +I Seams with characteristics typical of the Witbank Coal Field. ...
http://stocknessmonster.com/news-item?S=UNV&E=ASX&N=570646

[Popeye82]

Legacy Iron Ore - FIRB Approval granted for NMDC investment - Dec 9, 2011
http://stocknessmonster.com/news-item?S=LCY&E=ASX&N=570888

[Popeye82]

Mining Summary - LC - Dec 9, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

MetroCoal - Dalby West -520.000.000tonnes Maiden Inferred Resource, boosts resources to 2.883.000.000tonnes M/I/I - Dec 9, 2011

+ Maiden Inferred Resource for Dalby West of 520.000.000t thermal coal

+ Macalister Upper Seam(MU) is continuous +correlateable ...
http://stocknessmonster.com/news-item?S=MTE&E=ASX&N=238254

[Popeye82]

Shaw River Resources - Strong Drill Results Pave Way for JORC Resource Upgrade; resource upgrade expected in january ´11 - Dec 9, 2011

+ 1,718m of diamond drilling +6,205m of RC drilling completed @four existing resource areas +two new prospect areas at the Otjo Project, Namibia. Best results from the 1st batch of assay results include(see TableII for full details);

Labusrus Deposit

- 9m @25.74% Mn from 2m incl 2m @45.05% Mn from 2m in LAB_RC_102
- 9m @26.85% Mn from 30m incl 4m @31.18% Mn from 32m in LAB_RC_084
- 3m @37.8% Mn from 28m in LAB_RC_095
- 3m @38.3% Mn from 22m in LAB_RC_100
- 7m @23.45% Mn from 13m incl 3m @37.1% Mn from 13m in LAB_RC_097


Bosrand Deposit

- 3.55m @37.2% Mn from 0.35m in BOSDH0002
- 11.9m @27.89% Mn from 33.57m incl 4.62m @35.6% Mn from 34.04m in BOSDH0005
- 7m @30.6% Mn from 12m incl 4m @35.3% Mn from 13m in BOS_RC_020
- 14m @28.78% Mn from 25m incl 3m @37.21% Mn from 26m in BOS_RC_018
- 7m @32.6% Mn from 35m in BOS_RC_008
- 12m @25.14% Mn from 4m incl 5m @34.72% Mn from 4m in BOS_RC_004


North Bosrand Deposit

- 13m @25.09% Mn from 25m incl 3m @35.08% Mn from 25m in NBR_RC_048
- 10m @28.96% Mn from 35m incl 6m @30.78% Mn from 38m in NBR_RC_048
- 28m @21.05% Mn from 14m in NBR_RC_066
- 12m @28.43% Mn from surface in NBR_RC_050


+ Results are consistent with the extensive outcrop +previous drilling(33,000m) conducted @Otjo +will underpin further upgrades to the resource base

+ The final 3rd of the assay results from the Otjo drilling program are anticipated in December ´11. A resource upgrade is underway +is expected to be delivered in January ´11

+ Inferred Resources currently stand @6.800.000t @23% Mn with an Exploration Target of 35.000.000 -50.000.000t grading 23 -27% Mn1. Historical production using gravity beneficiation methods show upgrade of manganese ores to grades of 36% -42% Mn ...
http://stocknessmonster.com/news-item?S=SRR&E=ASX&N=570860

[Popeye82]

Zambia could cut mine royalties if prices collapse; Zambia, which said last month its ´12 budget would hike mineral royalties, could cut back those rates if commodity prices collapse next year, the Mines Minister in Africa's top copper producer said on Friday. "For now[the royalties] will stay, but if it becomes a crisis, if prices crash, we might have to review the regime... not in ´12 but for ´13, in the next Budget," Wylbur Simuusa told Reuters on the sidelines of a London conference - MW/Reuters, LONDON - Dec 7, 2011
www.miningweekly.com/article/zambia-could-cut-mine-royalties…

[Popeye82]

Durban’s climate-change failure posing 'terrible risk' to mining –ICMM; Failure to reach a global climate-change agreement in Durban +countries going it alone would result in the mining industry having to deal with 195 different regulatory regimes, which posed a “terrible management risk", International Council on Mining +Metals(ICMM) president Tony Hodge said on Thursday. Hodge told journalists that nonfulfillment in @the 17th Conference of the Parties(COP 17) followed the complete breakdown of global trade negotiations for the 1st time in 60 years since the 2nd World War , +the teetering of the global financial system - MW, JOHANNESBURG - Dec 8, 2011

- Martin Creamer -


" target="_blank" rel="nofollow ugc noopener">www.miningweekly.com/article/durbans-climate-change-failure-posing-terrible-risk-to-mining-icmm-2011-12-08

[Popeye82]

Vale iron ore pricing brings profit damage forward; Vale's revenue from iron ore is expected to take a big hit in the 4th quarter after the Brazil-based miner agreed with most customers to switch to an iron ore pricing system that more immediately reflects a tumble in spot prices. The price system switch will cost Vale ~$1.500.000.000 in revenue from iron ore sales this quarter , compared with what the miner would have made by sticking to the previous pricing system, according to a Reuters calculation - MW/Reuters - Dec 8, 2011
www.miningweekly.com/article/vale-iron-ore-pricing-brings-pr…

[Popeye82]

Miners cash-strong in volatile global market; Mining companies had adapted to the turbulent global economic situation by reducing debt +building strong cash-positive balance sheets to weather the volatile market conditions of ´12, Ernst +Young(E +Y) transaction advisory services Africa director Adrian Macartney said on Thursday. The E +Y ‘Global Capital Confidence Barometer’ survey found that among the 75 executives polled in the mining +metals sector, there was an increased appetite for mergers +acquisitions(M +As), when compared with other sectors of the global economy - MW, JOHANNESBURG - Dec 8, 2011

- Henry Lazenby -
www.miningweekly.com/article/miners-cash-strong-in-volatile-…

[Popeye82]

BHP job changes, CEO comments, fan talk of asset sales; Management changes @BHP Billiton +comments by CEO Marius Kloppers have fanned speculation the world's biggest miner will try to sell less profitable assets to better exploit its crown jewels -iron-ore, coal, copper, gas +potash. BHP's diamond division in Canada tops the list of operations likely to be put up for sale following the firm's announcement on November 30 it was reviewing its interests in the Ekati diamond mine +the Chidliak exploration projects in Canada - MW/Reuters, SYDNEY - Dec 8, 2011
www.miningweekly.com/article/bhp-job-changes-ceo-comments-fa…

[Popeye82]

Japanese offtake deal seen as boost for Ichthys LNG project; The Australian liquefied natural gas(LNG) sector is one step closer to becoming one of the world’s biggest exporters, after Japan’s Inpex +Total secured a 15-year sales +purchase agreement with five Japanese power supply companies; deal expected to generate export revenue of ~A$70.000.000.000 - MW, PERTH - Dec 8, 2011

- Esmarie Swaepoel -
www.miningweekly.com/article/japanese-offtake-deal-seen-as-b…

[Popeye82]

Mineral, metal scarcity seen worsening - PwC survey; Scarcity of metals +minerals will become more severe in the next five years, with the automotive, chemicals +energy industries likely to be hit hardest, according to a global survey of company executives by PricewaterhouseCoopers(PwC). The survey of 69 executives across seven sectors, published on Wednesday, found that European companies were most concerned about a shortage, with 71% of respondents seeing scarcity as a risk, compared with 53% in Asia Pacific +50% in the Americas, "Put simply, many businesses now recognise that we are living beyond the planet's means" said Malcolm Preston, PwC's global sustainability leader - MW/Reuters/PwC - Dec 7, 2011
www.miningweekly.com/article/mineral-metal-scarcity-seen-wor…

[Popeye82]

Blackrock sees opportunities as miners chase cash; A shortage of financing for small- +mid-cap miners from banks reluctant to lend, is providing "huge" opportunities for BlackRock Inc to invest in resources +reap high returns, the world's largest money manager said on Wednesday. Evy Hambro, BlackRock's investment chief for natural resources, said there was an "incredibly acute" funding squeeze for single-project miners or miners in the late development +early production stage, as banks were simply refusing to lend - MW/Reuters - Dec 8, 2011
www.miningweekly.com/article/blackrock-sees-opportunities-as…

[Popeye82]

A Study of Electrolytic Manganese Metal(EMM) Industry +China's Dominating Effects to the Global Market; "China dominates ~98% of global EMM production -it is the only game in town " V 1.08 - JF Zhang Associates - Nov11

- Executive Summary

Establishing Electrolytic Manganese Metals(EMM) production outside China by leveraging the low grade manganese +advanced technologies presents a viable business model +promising investment opportunity because, in addition to the strong +growing demand driven by the stainless +specialty steels from China +India, the EMM production cost in China is rapidly rising due to the depleting resources, increasing electricity +labor cost, +additional investment to comply with environmental regulations. ... -
www.amydata.com/data/reports/China%20Impacts%20%28EMM%29%20v…

[Popeye82]

Energio - Agbaja Iron Ore Exploration Project Update - Nov 4, 2011

+ Drilling Contractor onsite +drill now operating around the clock.

+ Sixty/seven hundred planned holes drilled to end of October.

+ The plateau is 140 square kilometres in area +hosts a horizontal sandstone layer some 20 to 30 metres thick which has had embedded in it magnetite mineralisation by sedimentary action

+ To test the content +quality of the iron in the mineralised zones of interest, Energio Limited has delineated an area of ~1600 Hectares for drilling using a drill grid spacing of 200 metres by 100 metres. In all we expect to drill some 700 holes which will total ~20,000 metres of drilling, to examine in detail this portion of the mineralised zone of interest

+ A number of RC holes will be extended to ~200 metres deep to determine whether deeper ore bodies are present on the Agbaja Iron Ore Exploration Project. Additionally some drill core will be taken to enable metallurgical testing to be carried out for mineral processing considerations

+ The drilling program should last ~4 months +an average hole will penetrate about 10 metres of overburden followed by 20 to 30 metres of ore bearing sandstone material. We expect to drill 10 holes/day. Energio Limited expects to receive further drilling results toward the end of November which will be followed by regular updates through to the end of the program

+ represents only ~10% of the entire Agbaja Iron Ore Exploration Project’s land area.

+ 1st consignment of drill hole sample material being despatched to Perth for laboratory analysis.

+ Appointment of consultants to supervise +sign JORC Mineral Resource Reporting being finalised.

+ Staff on ground now includes 39 people from local host communities of Agbaja. ...
http://stocknessmonster.com/news-item?S=EIO&E=ASX&N=565421

[Popeye82]

Countries still committed to launching $100.000.000.000 climate fund - EN - Dec 9, 2011

- By Brindaveni Naidoo -
www.engineeringnews.co.za/article/nations-remain-committed-t…

[Popeye82]

Miner Baobab seeks partner for Mozambique project - MW/Reuters - Dec 10, 2011
www.miningweekly.com/article/miner-baobab-seeks-partner-for-…

"Iron ore and metals explorer Baobab Resources said it was looking for a strategic partner to help finance its Tete project in Mozambique, which could start producing iron ore, pig iron and titanium concentrate from 2015.

The move comes at a time that medium and smaller miners are looking to raise financing through partnerships and other less traditional ways, while banks are tightening the purse strings in a deteriorating credit environment.

Baobab, which focuses on Mozambique, already has a partnership in place with International Finance Corporation, a development institution focused on the private sector in developing countries which holds a 11.45% of the company's issued share capital and has acquired a 15 percent direct interest in the Tete project.

The explorer is now looking for another partner to finance the project and bring it forward to pre-feasibility.

"Looking for a strategic partner makes sense," Baobab Managing Director Ben James told Reuters in a phone interview.

"If you are looking at the top 10 potential industry partners, six of them are already in Mozambique," he added, referring to large miners such as Rio Tinto , Vale and ENRC and to steelmakers such as Posco, Jindal Steel and Power and Nippon Steel, which have already invested in the area.

Pre-feasibility studies for the project are expected to be carried out next year, and construction could start in 2013, James said.

Baobab will need $500-million to $750-million in capital expenditure to get to production.


PIG IRON PRODUCTION

A worsening economic outlook, deteriorating credit conditions and falling commodity prices are now making it more difficult for small and medium miners to develop their projects according to schedule.

James said he did not expect Baobab's timetable to be affected.

"We are certainly not delaying anything on our side because of market sentiment," he said.

"I appreciate that the market has been all over the place, and commodity prices have been softening significantly, but this is probably not representative of what will happen in 2015 or so."

Baobab has a market capitalisation of about $44 million. Its shares were trading around 14 pence ($0.22), down from a peak of around 50 pence in April, when iron ore prices were at around $180/t cost-and-freight China.

Since then the steelmaking ingredient has lost about 20 percent of its value, hitting the stocks of iron ore miners.

Baobab expects to produce about three-million tons a year of iron ore and half a million tons a year of titanium concentrate starting from the end of 2015.

The company is also considering processing the iron ore into pig iron -- a more processed element for steelmaking -- directly on site.

"Smelting on site is a plus, because we have got cheap power and coal," James said, adding that thermal coal in resource-rich Mozambique would be available for as little as $60 to 70/t.

This compares with current spot coal prices of about $100 per tonne free-on-board Richards Bay, South Africa, and long-term price projections of around $80 per tonne.

Pig iron production, which is expected to start toward the end of 2015, will be at around one-million tonnes per year initially and could ramp up to two-million tonnes, James said.

The developing African market is likely to absorb much of the pig iron that Baobab produces, but India, the Middle East and China are interesting export markets, James said.


Edited by: Reuters "

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Columbus Gold - Drilling Commences on Columbus Gold's Paul Isnard Gold Project, French Guiana; initial program is focused on the Montagne d'Or gold deposit which hosts a 43-101 compliant inferred gold resource of 1.900.000 ounces within 36.700.000 tonnes grading 1.6 g/t gold. The Montagne d'Or deposit is a steeply-dipping tabular body averaging ~70 meters thickness +partially outlined by earlier drill holes for a strike length of 2,000 meters +depth of 100 -150 meters. The deposit +inferred resource are open @depth, along strike +internally between widely spaced holes. The planned initial drill program, consisting of 15,000 meters in about 50 holes, is designed to increase the gold resource by drilling the deposit systematically to a depth of 200 meters +laterally along open strike extensions. The denser drill pattern, with holes @~50 meter centres, is also expected to convert certain of the inferred resource to indicated +measured categories; Future drill programs will target potential extensions of the Montagne d'Or deposit indicated by untested geochemical anomalies extending >2.5 km along strike, incompletely tested parallel zones of gold mineralization, +other untested or incompletely tested gold prospects +geochemical anomalies throughout the large Paul Isnard property - Dec 7, 2011
www.marketwire.com/press-release/drilling-commences-on-colum…

[Popeye82]

Vale says will take time for megaships to enter China - MW/Reuters - Dec 7, 2011
www.miningweekly.com/article/vale-says-will-take-time-for-me…

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'Hundreds of thousands of jobs', clean power from fuel cells –Anglo American; The window of opportunity is “wide open” for South Africa to create hundreds of thousands of new jobs +simultaneously obtain a source of clean emission-free power, Anglo American CEO Cynthia Carroll said in Durban. “With platinum @its heart, a fuel cell industry would support South Africa’s drive for jobs,” Carroll said - MW, DURBAN - Dec 5, 2011

- M. Creamer -
www.miningweekly.com/article/hundreds-of-thousands-of-jobs-c…

"The window of opportunity is "wide open" for South Africa to create hundreds of thousands of new jobs and simultaneously obtain a source of clean zero-emission power, Anglo American CEO Cynthia Carroll said in Durban.

"With platinum at its heart, a fuel cell industry would support South Africa’s drive for jobs," Carroll said.


Anglo American, through the JSE-listed Anglo American Platinum, is the world’s largest producer of platinum.

Carroll outlined how Anglo American had put an expert body to work in London, which had concluded that hydrogen fuel cells could drive development of a whole new industrial sector in South Africa and provide the country with the opportunity to become a major player in the global green economy.

"The country has an opportunity to profoundly influence the climate change debate well beyond COP 17. While much of the talk of climate change is understandably focused on mitigating carbon emissions, we mustn’t ignore the huge opportunities that exist in a low-carbon world,” Carroll added.

Addressing a function for the presidency of the United Nations climate change convention’s 17th Conference of the Parties (COP 17) - which was co-organised by the World Business Council on Sustainable Development and the International Chamber of Commerce - Carroll said that the findings of the UK’s Carbon Trust on fuel cells development in South Africa were that:

+ with the appropriate levels of deployment of investment in manufacturing, insulation and maintenance activities, “hundreds of thousands of new jobs” could be created over the next 30 years;

+ fuel cells produced could simultaneously help to meet existing energy security challenges and provide rural communities with energy, without any major expansion to the national electricity grid; and

+ there would also be clear potential to export knowledge and products to the global market.


Carroll said that South Africa was already funding and directing research into fuel cells as part of its hydrogen strategy and fuel cell demonstration projects were under way around the country, ranging from the powering of vaccine fridges in rural clinics to providing heat and power for hospitals.

Anglo American Platinum was itself demonstrating a 150 kW zero-emission fuel cell close to the COP 17 conference venue to highlight the green credentials of platinum, which is on the way to being used in 95% of the world’s new cars to capture noxious gas.

Carroll reported that the R100-million fund to support users of platinum-group metals had made its first investment to a US company that was manufacturing and marketing fuel cell systems in South Africa and Sub Saharan Africa.

The use of fuel cells to power underground locomotives and miners’ cap lamps was imminent.

Hydrogen fuel cells using platinum catalysts were efficient, versatile and scaleable and represented a proven technology that provided clean, reliable and cost-effective power.

"I know that the South African government is determined to seize this opportunity," Carroll said, adding that South Africa could become a global leader in fuel cells.

Fuel cells, which used hydrogen and oxygen to produce electricity and water and heat, could be used in their stationary format, with the source of the hydrogen from coal-bed methane, which could be used to produce water and electricity.

Carroll also pointed out that light emitting diodes (LEDs) used in flat screen television sets, smart phones and laptops used sapphire crystals from iridium crucibles, which was creating additional demand for iridium, a platinum group metal sourced mainly from South Africa.

Minerals Minister Susan Shabangu, who was in the audience, commented to Mining Weekly Online that Carroll’s comments were fully in line with the policy and strategy of the South African government.

Shabangu added that Carroll's steps to partner others in fuel cell development had the unique potential of achieving beneficiation and carbon reduction at the same time.

World Business Council for Sustainable Development Prof Dr Björn Stigson told the gathering that business had most of the technologies, financial resources and management skills required to deal with climate change, but needed supportive regulatory frameworks from governments to be able to deliver at the scale and speed demanded.

Stigson expressed the hope that COP 17 could advance the public-private partnerships as mechanisms for joint actions between governments and business.

International Chamber of Commerce secretary general Jean-Guy Carrier said that there had been a tremendous amount of global greening progress, even though the progress of official global climate change negotiations were relatively slow.

Carrier said that the founders of the International Chamber of Commerce in 1990 had a vision of business that went well beyond the bottom line.

“Those founders of the International Chamber of Commerce called themselves the merchants of peace, an elegant title, even today,” Carrier said.


COAL GROWTH

Anglo American believes that the thermal coal that the company mines will continue to drive economic development around the world, growing from the current 40% of the global energy source to 43% by 2035.

“We’re not looking at a massive change overnight in some of the developed countries and similarly in the case of China, where 88% of the energy source is coal-related and the projection is that is will come down to less than 70%, but China demand is continuing to rise.

“Clearly coal’s not going away and clearly there’ll be a continuing dependency, and the question is how we think about that and how we also drive some of the other commodities we produce, like platinum, to contribute to the reduction of carbon output and the issue of climate change,” Carroll told Mining Weekly Online in a media interface at which executives Godfrey Gomwe, Chris Griffith, Norman Mbazima, Seamus French and Neville Nicolau also provided detailed input on the carbon reduction steps being taken throughout the Anglo American group.

Nicolau told Mining Weekly Online that the company was taking steps to lower the energy-intensity of platinum processing.

Nicolau said that the company had reduced its absolute energy consumption by 15% and increased the volume produced with the lower level of electricity.

“By doing that, we keep marginal operations going and we keep people in jobs, which is very important in South Africa,” he said.

Solar-powered housing for many of its 55 000 employees was within municipalities and not mine villages and the government had taken the unprecedented step of taking out full-page advertisements in national media to acknowledge Anglo American Platinum’s social initiatives.

Mbazima told Mining Weekly Online that, under any climate change scenario, the use of coal would still be on the annual increase for a long time to come.

He said that the world would have to find ways of using coal in a more sustainable way, while at the same time taking into account the hard reality that 1.3-billion people around the world were still without access to electricity.

Using mainly coal-fired power stations to bring most of those people into the electrical fold would probably increase greenhouse gases by only one per cent.

The quality of mainly domestic power station coal needed to be improved in order to reduce emissions.

The power stations themselves needed to take steps to improve their efficiency from the current global average of 28% and South Africa’s upcoming Kusile power station was set to improve that efficiency to 40%.

“If you waved a magic wand and turned all the power stations in the world into super crucial or ultra critical stations, you would probably halve the amount of greenhouse gases being put into the atmosphere from power generation,” Mbazima said.

The biggest potential abatement was through greater power station efficiency and the final possible measure was to capture the carbon dioxide emerging from power stations and to use it to grow biomass/algae or to capture it and store it underground.

Internally, the company was working to drive operational excellence around operational efficiency and energy usage and had invested $180-million in low-carbon technology.

The company was a member of FutureGen, which was planning to build a zero-emission coal-fired power station.

Technologies for carbon capture and storage were proven and what was required was demonstration at a commercial scale and the company was working with governments around the world to achieve that.


CARBON PRICING

Australia-based French reported that the carbon tax passed in Australia in November would come into effect in July 2012, beginning at $23/t of carbon emitted for three years and transitioning to an emission trading scheme and free-market pricing in 2016.

Anglo American supported the notion of a carbon pricing in principle as a signal to future liabilities and to incentivise industry and consumers to reduce carbon.

But the company had two major objections to the design of the Australian carbon-pricing scheme.

The first was that it had been designed as a revenue-raising scheme and would raise $25-billion in the first the three years and $20-billion for the coal industry in the first eight years, of which the Anglo American share would be $2-billion in 2020.

But in the first three months, the Australian scheme would raise more than the European Union scheme had raised in its first six years of existence.

“So, it’s very clearly about revenue-raising,” French told Mining Weekly Online.

The second point was that the Australian industry did not allow time for the coal-mining industry to develop emission-reducing technologies.

The two together reduce Australia’s global competitiveness by raising the cost of production underground coal-mines by 7% and reduces the net present value of underground mines by 25%.

Australia’s official Opposition party had announced that it would repeal the legislation if it won the 2013 general election.

Despite the carbon tax, Anglo American was developing technology to capture the carbon dioxide from power stations for conversion into biofuels, for which field trials were due next year.


WATER SAVING

In Chile, Anglo American was producing a ton of copper with 40% less water and in South Africa it was producing 25 megalitres of drinking water for 60 000 people and would double that capacity by 2013, Carroll said.

Some of this water would also be supplied to the Kanyisa power project that would use waste discard coal from its Mpumalanga mines to produce 450 MW of electricity.

The company was committed to investments in clean coal technology aimed at reducing the carbon footprint of coal and its Australian business had invested $120-million in technology to abate methane emissions, which has enabled methane from underground coal mines to generate 75 MW of electricity, enough to power 48 000 homes and to deliver carbon-emission reduction equivalent to taking 480 000 cars off the road.

Metals were essential for enabling the whole carbon economy, with hybrid cars and electric cars that will be driven in the future containing three times the 20 kg-to-45 kg of copper used in today’s cars. A 1 MW wind turbine incorporated nearly 4 t of copper.


Edited by: Creamer Media Reporter "

[Popeye82]

Gold Fields CEO says Ghana taxes a ‘big concern’ - MW, JOHANNESBURG - Dec 5, 2011

- H. Lazenby -
www.miningweekly.com/article/gold-fields-ceo-says-ghana-taxe…

[Popeye82]

West African Iron Ore - phaseI drilling continues to intersect high grade iron ore mineralisation +confirms potential Direct Shipping Ore(DSO) within iron-enriched cap across portion of Sambalama; latest set of results indicate that mineralisation starts @surface +is continuous over the length of the drill hole, Maximum hole depth is 130 meters; Guy Duport: "We are delighted with current results +on target to issue our 1st compliant NI43-101 resource report within the 1st 6 months of ´12 . Further exploration +analyses are expected to confirm Direct Shipping Ore potential, not only on our Sambalama prospect, but within 10 identified target zone covering a combined 45km strike magnetite anomalies over our Forécariah permit"; As a result of these encouraging results the Company has refocused its efforts along a 9,000 metre magnetic anomaly +plans to complete an aggressive 8,000 metre RC drill program by the end of the next quarter. This will provide the company sufficient data to complete the initial NI 43-101 resource report, Company is fully funded to achieve this milestone - Nov 22, 2011
http://finance.yahoo.com/news/West-African-Iron-Ore-Corp-cnw…

[Popeye82]

Globe Metals &Mining - Acquires Prospective Titanium/Vanadium/Iron Project; project appears to have remarkable +unique mineralisation; M. Sumich: "the Company is excited to be involved in this project, &it suits our exploration model perfectly: we are already operating in Mozambique, the potential upside on the project is enormous &the initial ‘look &see’ phase 1 exploration spend is negligible" - Nov 11, 2011

+ Globe to acquire up to 90% through staged exploration

+ Potential for a large, high-grade Ti-V-Fe deposit

+ Very high grades of titanium with additional vanadium were returned from rock-chip samples taken in Globe’s recent due diligence program:

- Average 47% titanium dioxide(TiO2)
- Average 0.38% vanadium oxide(V2O5)


+ Mineralised zone ranges in thickness from 6 -20m &has a strike length of >10km

+ Additional, separate high-grade magnetite zone identified with two samples averaging 66.8% Fe ...
http://stocknessmonster.com/news-item?S=GBE&E=ASX&N=566236



Globe Confirms Very High Grade Memba Rock-chip Results - Nov 14, 2011
http://stocknessmonster.com/news-item?S=GBE&E=ASX&N=566420

[Popeye82]

Vale slashes China iron ore prices; China Steel says the word’s largest iron ore miner, Brazil’s Vale, has slashed iron ore prices for the 4th quarter -by 20 to 25 per cent - MA - Dec 8, 2011

- Andrew Duffy -
www.miningaustralia.com.au/news/vale-slashes-china-iron-ore-…

[Popeye82]

Iron Road - Central Eyre Iron Project Exceeds 2.000.000.000 Tonnes - Dec 12, 2011
http://stocknessmonster.com/news-item?S=IRD&E=ASX&N=570980

[Popeye82]

Bill Gates to build nuclear reactors in China? ; Promoting a newer +reportedly safer reactor design - SH/OP - Dec 12, 2011

- John C.K. Daly -
www.stockhouse.com/Columnists/2011/Dec/9/Bill-Gates-to-build…

"Since the 11 March disaster at Japan’s Fukushima Daichi nuclear power complex, when an earthquake measuring 9.0 on the Richter scale was followed by a tsunami that destroyed the facility, the nuclear industry worldwide has been fighting back, arguing that new, improved reactor designs mean that nuclear power is still a valid option.


Surging economic incipient superpowers India and China remain committed to generating electricity with the atom as one of their best options to provide power to their populations’ surging demand.

And now Bill Gates is getting into the act in China, promoting a newer and reportedly safer reactor design, telling an audience at China's Ministry of Science and Technology about a project supported by the Bill and Melinda Gates Foundation, “The idea is to be very low cost, very safe and generate very little waste. All these new designs are going to be incredibly safe,” Gates insisted, adding that “they require no human action to remain safe at all times.” In a bow to his hosts Gates added, "China has a lot to contribute because it's solved many of the problems of poverty, not all of them but a lot of them, itself, and many Asian, south Asian and African countries are well behind, whether it's agriculture or health."

So, what’s Microsoft’s aging wonder boy promoting?

A “traveling wave reactor” (TWR) developed by Terrapower, a company he founded.

TerraPower says that its TWR reactor design could run for decades on depleted uranium and produce significantly smaller amounts of nuclear waste than conventional reactors.

Beijing is on board. State-owned China National Nuclear Corporation (CNNC) official Sun Qin was quoted in the Chinese media last week saying Gates was working with it on the reactor development, with Gates noting, "TerraPower is having very good discussions with CNNC and various people in the Chinese government."

TWRs are still in the design stage and yet to become actual products, but the designs’ appeal is their low-maintenance nature. TWR nuclear boosters aver that once started they would be powered by self-sustaining nuclear reactions and according to TWR proponents, the facilities could operate for four to six decades without requiring any refueling or removal of spent fuel rods.


Continue reading this article on Oilprice.com
ABOUT THE AUTHOR
John C.K. Daly, OilPrice.com

OilPrice.com offers free information and analysis on energy and commodities. The site has sections devoted to Fossil Fuels, Alternative Energy, Metals, Oil prices and Geopolitics. To find out more visit their website at: www.oilprice.com "

[Popeye82]

Guttenberg wird Berater der EU-Kommission; Ex-Minister betont: "Das ist kein politisches Comeback" - DPA, BRÜSSEL - Dec 12, 2011
http://web.de/magazine/nachrichten/deutschland/14326522-gutt…

[Popeye82]

EnWave - Signs Research Evaluation Agreement with Merck - Dec 12, 2011
www.marketwire.com/press-release/enwave-signs-research-evalu…

[Popeye82]

Astur Gold - Granted 1st Permit, @Salave Gold Project - Dec 12, 2011
www.marketwire.com/press-release/astur-gold-granted-first-pe…

[Popeye82]

Matamec Explorations - Toyota Tsusho Corp. &Matamec Explorations Inc. Sign a MoU , Concerning the Kipawa Heavy Rare Earths Deposit, in order to secure a Heavy REE supply for the production &marketing of hybrid &electric vehicles; main intent of the MoU is to accelerate the production from the Kipawa Heavy Rare Earths Deposit. To achieve this goal, TTC &Matamec intend, based on the conditions provided herein, to fast track the development of the Kipawa Deposit in mutual collaboration. Technical assistance may be provided in association with TTC's chain of suppliers; During the FS, the parties will test the potential to increase the resources of the Kipawa Deposit; Regarding the Zeus property excluding the Kipawa Deposit, Matamec has located numerous REE prospects &they are presently being explored as Surprise which contains high grade mineralization of zirconium, niobium, tantalum &REE with >60% of heavies. The potential for finding new discoveries remains excellent. In addition, TTC &Matamec have agreed to negotiate in good faith for TTC to participate in the exploration &development of all other REE prospects found on the Zeus property; André Gauthier: "the Company has discussed &has negotiated with many end-users since January ´09. After nearly two years, TTC &Matamec have reached a way to develop the potential of the Kipawa Heavy Rare Earths Deposit in a manner that meets the needs of both companies" - Dec 12, 2011

MoU is divided into three stages with a go/no go decision possible for both parties @the end of the two 1st stages:

+ A due diligence period which may extend to the end of March ´12 subject to the delivery of the PEA("preliminary economic assessment") report whereby TTC will evaluate, @its own cost, all of the Kipawa Deposit data &during which a JV &off-take agreement will be prepared.

+ A 2nd period, if TTC decides to pursue further after the initial due diligence, where TTC would provide FS expenditures incurred from December ´11 to March ´12, &to provide time for both parties to negotiate &receive internal approval for the JV, the off-take agreement &other agreements customary for this type of transaction.

+ A JV agreement would then be established for the Kipawa Deposit between TTC(49%) &Matamec(51%) with an off-take agreement, the whole with the contribution from TTC based on up to 49% of MAT's market cap for the 90-day period ending on November 30, ´12. ...
www.marketwire.com/press-release/toyota-tsusho-corp-matamec-…

[Popeye82]

Chinese inflation falls to 14-month low - CER/BB - Dec 12, 2011
http://r20.rs6.net/content/chinese-inflation-falls-14-month-…

"Consumer prices in China increased 4.2% year-on-year in November - the lowest inflation rate in 14 months - amid other indicators of a slowing economy that could lead Beijing to institute stimulus measures, Bloomberg reported.

Industrial output grew the least since August 2009 at 12.4%, falling below analysts forecasts. The slowdown, compounded by concerns over the European sovereign debt crisis and a softening domestic property market, may shift Beijing's focus to stimulating growth. “Curbing inflation is a good thing, but the reason why inflation is slowing is because the global economy is slowing,” said Koji Toda, chief fund manager at Resona Bank in Tokyo. Investors expect the renminbi appreciation to slow, as 12-month forwards fell 0.2% on Friday, suggesting a 0.8% decline against the dollar. Nomura estimates forth-quarter growth to slow to 8.6% and decline further to 7.5% in the first quarter of 2012. China's statistics bureau has forecasted 4% average inflation in 2012 "

[Popeye82]

Kenya pick Chinese firm Fenxi for coal mining - MW/Reuters, NAIROBI - Dec 12, 2011
www.miningweekly.com/article/kenya-pick-chinese-firm-fenxi-f…

"Kenya has selected China's Fenxi Mining Group to develop coal mines in its Eastern Province, where production is expected in the next three years, the chief geologist at the ministry of energy said on Monday.


Government received interest from 16 firms last year when it started the search for a company to mine the coal, whittling them down to 11 firms, seven of which eventually submitted their bids.

"Two bids that were submitted by Fenxi for block C and block D were the most financially and technically compliant," John Omenge told Reuters by phone.

"The coal is for local use... for block C, we expect the mine to be running within two and a half years from the start of concession."

Fenxi will pay the government $3-million for block C and $500 000 for block D, in return for a renewable concession of 21 years, subject to approval by parliament, Omenge said.

It will also allow the government to have an 11% participation in the project, sharing gross revenues at a rate of 23.6% for block C and 21.1% for block D, he added.

The east African nation is hoping that coal from the Mui basin, where block C is estimated to contain a minimum of 400-million tons, will help it to save foreign exchange through substitution of coal and oil imports.

Some of the coal will go to the cement and steel industries, which import coal worth 3.6-billion shillings a year, and the rest will be used for energy generation, helping to fill a gap that is usually filled by diesel-fired, thermal plants.

Officials plan to construct a 600 MW coal plant at the coast, which will initially use imported coal and then local coal when production from the Mui project kicks in.

Another power plant will be constructed in the area to use the coal, Omenge said, adding that a cement factory will also be put up in the area.

"With coal mining, the limestone there becomes economically viable," he said, adding that government will invite bids for development of the remaining coal blocks, A and B, before the end of this month. "

[Popeye82]

India sets target of $210.000.000.000 addition to GDP from mining -by ´25 - MW, KOLKATA - Dec 12, 2011

- Ajoy K Das -
www.miningweekly.com/article/india-sets-target-of-210bn-addi…

"India has set a target to add $210-billion to the country’s gross domestic product (GDP) from the mining and mineral sector by 2025, marking a growth of 12% a year.


A document titled, ‘Unlocking the Potential of the Indian Mineral Sector: A Strategy Paper’, prepared by the Mines Ministry said that the total increment to the GDP would help generate two-million additional direct jobs in the mining and mineral industry and another 11-million indirect jobs in the sector.

Reviewing the current performance of the mineral sector, the paper said, “performance has been poor both in input and output parameters compared to best practice mining economies like the US, Canada, Australia, China, Brazil and South Africa.”

“The contribution of mining to India’s GDP has been stagnant at 1.2% over the past one decade whereas contribution of the sector was 6% in Chile, 5.9% in Australia, 5.3% in South Africa and 2.9% in Chile.”

In terms of employment, a mere 0.3% of the population was engaged in the Indian mining sector, which compared poorly with 3.8% in South Africa and 1.4% in Chile. In addition, employment growth in this sector has been stagnant at 3% for the last ten years, the document noted.

Outlining the performance based on input parameters, it observed that India’s spend on exploration was extremely low, at 0.3% of the global spend compared with 19% in Canada and 12% in Australia.

Exploration in India was also restricted to depths of between 50 m and 100 m, whereas internationally exploration were conducted as deep as 500 m, which though currently a negative could be the major driver for securing incremental raw material mineral resources in the country.

One of the major impediments to growth of the mining sector was that it took between five to eight years , and in some cases even longer to secure a mining lease in India compared with just a year in Australia.

Logistical inefficiencies leading to losses in the mining sector has been estimated at $2-billion, almost double the losses in the case of other manufacturing sectors in the country.

Recommending exploration for and expansion of the resource base and reserves of minerals like bauxite, iron-ore, lead and zinc, the report suggests that the Geological Survey of India (GSI) set aside $76-million a year for more intensive survey activities.

The GSI should drive the majority of these surveys by hiring private geosurvey organisations to increase geophysical and geochemical baseline data from the current 3% to 4% of the landmass to 30% over the next five years .

Baseline data generated would continue to be owned by GSI and not private agencies. Countries like Australia which have 100% coverage of baseline data have witnessed $5 of private investments for every dollar spent by government in precompetitive geoscientific data.

As advocated in the National Mineral Policy 2008 and proposed in the Mineral and Metal Development and Regulatory Bill, currently before the Parliament, a composite High Technology Reconnaissance and Exploration Licence was planned to boost exploration of deeper concealed minerals like copper, lead, zinc and noble metals.

The strategy paper comes against the backdrop of the economy growing at its slowest pace in two years during the quarter ended September 2011 at just 6.9%, down from 8.4% during the previous corresponding quarter.

Manufacturing growth dipped to 2.7% during the quarter from 7.2% and the mining and quarrying sector registered a degrowth of a negative 2.9% against a positive growth of 1.8% during the previous corresponding quarter.


Edited by: Esmarie Swanepoel "



Unlocking the Potential of the Indian Minerals Sector; Strategy Paper for the Ministry of Mines - MoM - Nov11

- Preamble

With global demand for minerals consistently outpacing supply, recent years have seen an unprecedented rise in commodity prices. In response, companies worldwide have explored all possibilities to boost supply, including increased mining activity in new geographies such as Africa. As the relevance of the mining sector grows globally, the Indian mining sector11is lagging behind, with just 1.2 per cent contribution to GDP over the last decade(as opposed to 5 to 6 per cent in major mining economies) +very low exploration spend/square kilometre(USD 9 (` 400) compared to USD 124 (` 5,580) for Australia +USD 118(` 5,310) for Canada).

India has initiated several progressive policy measures, putting itself in a good starting position to undertake the transformation of the mining sector. Unlocking the potential of the mining sector in India could add ~USD 210.000.000.000 to USD 250.000.000.000(` 945 to 1,125 thousand crore or 6 to 7 per cent ) to the GDP +create 13 to 15 million jobs through direct +indirect contribution by ´25.

To achieve this, action is required on six key priorities, including enhancing resource +reserve base through exploration +international acquisition; reducing permit delays; putting in place core enablers(infrastructure, human capital, technology); ensuring sustainable mining +sustainable development around mining; creating an information, education +communication strategy; +undertaking measures to ensure implementation. The remainder of this report elaborates on these findings.


Contents

I. Preamble

II. Increasing relevance of the global minerals sector +implications for India
— II.I Three key trends in the minerals sector
— II.II Implications for India

III. Performance of the Indian minerals sector
— III.I Performance on output parameters
— III.II Performance on input parameters

IV. Value in unlocking the potential of the Indian minerals sector

V. ‘Transformining’ the Indian minerals sector —Six priorities
— V.I Expanding resource +reserve base by stepping up exploration +aiding international acquisition of strategic minerals
— V.II Reducing permit delays to create a more favourable policy environment
— V.III Setting up core enablers for mining—infrastructure, human capital +technology
— V.IV Ensuring sustainable mining +development
— V.V Creating an information, education +communication plan
— V.VI Establishing the right governance structure for effective implementation ...-
http://mines.nic.in/writereaddata/filelinks/7a47c611_Unlocki…

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Cabral Resources - Head of Exploration Appointment; Until recently Paulo was the Exploration Manager of Bahia Mineração Ltda(“Bamin”), a company which is controlled by Eurasian Natural Resources Corporation Plc, which has iron ore projects in proximity to Cabral in the State of Bahia, Brazil; Prior to his Bamin role, Paulo worked as Geology +Short Term Mine Planning Manager @Urucum Mineração S.A., an iron ore +manganese operation of CVRD; Earlier in his career Paulo worked for a variety of companies including as partner of Geomodel –Assessoria Em Pesquisa Mineral Ltda undertaking geological assessments, drilling +resource evaluations for a variety of projects or in senior geologist roles with Brazilian subsidiaries -for names including RTZ Group +Gencor across many projects +minerals - Dec 12, 2011
http://stocknessmonster.com/news-item?S=CBS&E=ASX&N=660574

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Ethiopian Potash - Assays Confirm Shallow Robust Sylvite, on Danakil Project; D. Wahl: "I am very happy to be able to report such high grade sylvite assays, considering that these holes were located based on ready access prior to the construction of drill site access roads. Equally significant is that after almost four months, the flow of assay information has started. EPC has completed 19 holes totalling 3,760.40 metres, all of the holes have been logged, sampled, +shipped to Saskatchewan Research Council for analysis. I look forward to reporting on additional assays as they are received. Despite a slow start, due to weather +access related issues, the accelerated construction of access roads +drill platforms has positioned EPC to catch up to its peers in the Basin. The Company is now drilling Hole 20 +anticipates completing its program of 29 holes on the Southwest Discovery Zone in January. @that time, Ethiopian Potash will be in a position to commission a new 43-101 compliant resource estimate on its Southwest Discovery Zone. Concurrently, EPC will refocus the drilling campaign on its shallow Colluli target area. Construction of the access road from the Southwest Discovery Zone to the Colluli area is proceeding on schedule" - Dec 12, 2011
www.marketwire.com/press-release/ethiopian-potash-assays-con…
www.ethiopianpotash.com/map1.htm

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Arianne Resources - Partial Results of the ´11 Fall Drilling Campaign: The Paul Zone Continues to Expand; drills up to 323.65m @6.84% P2O5 +7.01% TiO2; additional 1,401 meters of drilling(7 holes) was also completed in the Lise area(7 km south of Manouane) +471 meters(3 holes) in the La Traverse area(8 km south of Paul), however assay results are not yet available - Dec 12, 2011
www.marketwire.com/press-release/arianne-resources-inc-parti…

[Popeye82]

Afferro sells Putu stake to focus on Cameroon project - MW - Dec 12, 2011

- Natasha Odendaal -
www.miningweekly.com/article/afferro-sells-putu-stake-to-foc…
www.afferro-mining.com/s/NewsReleases.asp?ReportID=496022&_T…

"The anticipated receipt of $115-million from the sale of its interest in the Putu iron project is ‘Christmas come early’ for iron-ore miner Afferro Mining, said London-based Evolution Securities’ Charles Kernot.

Russian steelmaker Severstal on Monday agreed to acquire the 38.5% stake in the Liberian iron-ore project from Aim- and TSX-listed Afferro Mining, resulting in the steelmaker now holding 100% stake in the project.


The payment will be made in two tranches - $65-million on completion of the agreement and a deferred cash payment of $50-million in June 2013.

Afferro CEO Luis da Silva said that, by divesting the minority stake in Putu, the company could focus on its 100%-owned flagship Nkout iron-ore project, in Cameroon, and reduce shareholder dilution.

“The near-term cash payment more than offsets the current weaker tone of the iron-ore market, which has been reflected in the sales prices,” commented Kernot.

The Nkout project has the potential to continue to create significant value for Afferro. The company has made good progress in expanding Nkout's mineral resource during 2011, with an estimated 944-million tons a year.

The divestment would ensure that Afferro would be able to accelerate Nkout’s development strategy, including completion of a preliminary economic assessment, which started in November, and a prefeasibility study at the mine.

Afferro was continuing to have discussions with potential strategic partners prepared to fund Nkout's infrastructure requirements.

“Although these discussions are at an early stage, it is expected that the preferred partner would also provide a long-term offtake agreement,” the company said.

Alongside the development of Nkout, the miner’s exploration team planned to increase exploration activities at its other projects, particularly the Ntem and Ngoa projects, in Cameroon.

Severstal senior VP of strategy and corporate development Thomas Veraszto believed the transaction would strengthen the company’s position in the global iron-ore market.

“The acquisition is in line with our key strategic goals of being a leading global steel and steel-related mining company with high quality iron-ore and coal assets globally,” he added.


Edited by: Mariaan Webb "

[Popeye82]

An ocean of iron ore off New Zealand coast - AM - Sep/Oct11
www.asiaminer.com/magazine/images/stories/pdf/TAM-Sept-Oct-1…

"TRANS Tasman Resources (TTR)has received a 2nd JORC-compliant mineral resource estimate equivalent to 200.000.000 tonnes @a grade of 60% iron concentrate for its extensive iron sands project off the west coast of the North Island of New Zealand. The new estimate includes 130.000.000 tonnes in the inferred class +70.000.000 tonnes in the indicated class.

The new estimate completed by independent geological consultants Golders Associates is almost double the December ´10 inferred resource of 102.000.000 tonnes but still comes from a very small proportion of TTR’s licensed area .

TTR was established in ´07 to explore, assess +develop iron ore deposits initially in the Pacific Region. Its focus is now centred on the extensive vanadium/titano-magnetite(VTM) deposits on the seafloor off the North Island’s west coast where its prospecting licences cover ~10,000 square metres of seabed. The company is looking to establish a JORC-compliant mineral resource equivalent to 4.000.000.000 tonnes @60% iron .

TTR’s CEO +managing director Paul Berend says simple +proven extraction mining technologies that do not require any blasting, crushing or chemicals +which can be deployed without the need for heavy investment in infrastructure, means that TTR expects its planned operations will be both ultra -low cost +more environmentally sustainable than comparable land-based mining operations. He says TTR aims to be in production by mid-´14 +will provide Asian markets with a reliable supply of low-cost iron ore. It plans to produce initially 10.000.000 tonnes/anno of concentrate with the potential to increase to 50.000.000 tonnes.

“TTR’s deposits are in the form of vanadium-titano-magnetite which is still an uncommon product on the seaborne market but which is domestically used by a number of large Chinese +Russian steel mills. It also produces valuable by-products, including titanium +vanadium. “Using established operating procedures traditional blast furnaces can operate successfully with vanadium-titano-magnetite concentrates, without the need for physical modifications or investments, +derive substantial reductions in their steel making costs.”

Paul Berend says VTM concentrates have different properties from the traditional hematite iron ore used for making steel internationally. In addition to high iron content, the New Zealand VTM resource contains both titanium +vanadium, both of which are particularly valuable minerals. These can be liberated during the smelting process.

“The seaborne market for iron sands is very small compared to iron ore from hard rock +TTR believes there is a window of opportunity for New Zealand to become a significant supplier of quality VTM concentrate to Asian steel mills , particularly those in China where current usage is 30.000.000 tonnes but there is an estimated demand for 80.000.000 tonnes. Demand for ore is growing rapidly as both China +India rapidly expand their steelmaking capacity to meet the demands of their expanding economies. However, while iron ore is the most common mineral on Earth, substantial, easily accessible new sources of supply are rare, +even then, very expensive to get to production.”

“There is a choice of two market tiers for VTM concentrates- tierI traditional markets where VTM is blended +used in existing mills +the tierII market where it is used as a substitute for iron ore in blast furnaces +which also results in liberation of the valuable vanadium +titanium. For the tierII markets which TTR wants to pursue, the chemistry of the metals is important as is the scale of the deposit +the accessibility, +TTR has all three.”

TTR’s executive chairman Bill Bissett says the company’s seabed areas are typically shallow @20metres to 70metres in depth +, given the predominantly sandy bottom, are suitable for dredging. “TTR will employ a dredge mining operation with an offshore beneficiation plant on a processing/trans-shipment vessel. Following a fresh water rinse +subsequent water removal, the concentrate will be transferred to a cape-size vessel for shipment to China. The tailings will be returned to the seabed with minimal environmental impact. “The operating model is based on conventional dredging units. Dredging offers a very low cost means of extracting minerals +is significantly cheaper than land-based drill +blast mining as it does not require a deep sea port or heavy rail gauge.”

Paul Berend says TTR spent two years developing a marine unit +drilling system to operate from a vessel into the seabed +this has been approved as being JORC compliant. “We are now deploying deep drilling rigs to find out what’s below the surface.

“The beneficiation work is done, we have done baseline studies, have an initial estimate, drilling is ongoing +we are engaged in discussions with Chinese steel mills, particularly those already using titano-magnetite. A pre-feasibility study will be completed during the 4th quarter, we aim to @least triple the resource by early ´12 +plan to make a decision to mine by the 3rd quarter of ´13.” "

[Popeye82]

AsiaBaseMetals - Amends Letter of Intent to Acquire Control of Majority Interest in Potash Project in Laos; Vientiane Potash Project currently consists of a 16.5 km2 potash exploration property located in the Huaxieng -Xaithany area of Vientiane province, Laos; amendments to the letter of intent provide for an alternate, deferred payment structure if the vendor has expanded the property with an additional 39 km2 of contiguous mineral rights for a total of 55 km2, within one year of the closing of the transaction +@no additional cost to the Company; transaction remains subject to, among other things, approval of the TSX Venture Exchange; A World Bank report, dated November, ´06, stated the following with respect to Laos: "Potash Rock Salt -As with gypsum, potash rock salt occurs in the evaporite of the Upper Cretaceous, +its distribution is confirmed to be large in Vientiane +Savannakhet provinces. Potash salt deposits in Vientiane +Savannakhet sedimentary basins are large in Laos. Thickness of the deposit in Savannakhet province was confirmed to be 70 -85m @drill holes(DGM-INTERGEO, ´05). The resource of potash salt "may be as high" as 50.000.000.000 tonnes " (Reference: The World Bank Trust Fund: #030670 -Final Report for Economic Geology FR-2, Sector Plan for Sustainable Development of the Mining Sector in the Lao PDR - Section 4.5.3, dated November ´06); Raj Chowdhry: "Having recently visited the Vientiane Potash Project in Laos earlier this year, I am pleased to state that this Potash project is a great opportunity for AsiaBaseMetals. Since Potash is one of the key components of fertilizer +with China, India +Indonesia representing three of the largest markets for agricultural products in the world, +located on the doorstep of Laos, Management believes that the Vientiane Potash Project represents a world class opportunity" - Dec 12, 2011
www.asiabasemetals.com/docs/ABZ-NR-Dec12-2011-FINAL.pdf
http://siteresources.worldbank.org/INTLAOPRD/Resources/FR_2_…

[Popeye82]

L&L Energy - Enters Into a long term Joint Sale Agreement, with China Chengtong Metal Corporation, subsidiary of a large China state owned enterprise, to jointly market/sell 1.000.000 tons of coal in China during calendar ´12, starting in February; agreement will generate ~$150.000.000 in revenues if fully executed, using a $150/ton coal price; agreement will synergize both company's resources, sales network, +share geological market information forming an integrated coal supply chain to service additional customers; Dickson Lee: "We are very pleased to secure a strategic partner of CCMC's caliber. Their strong existing sales channels will help expand our coal business outside the Yunnan +Guizhou provinces to the rest of China. Going forward this is a strong start for our new subsidiary. We expect this agreement to result in selling 1.000.000 tons of coal in calendar ´12, with similar revenue impact in the subsequent years to come" - Dec 5, 2011
www.lnlinternational.com/pr/press-release-12-05-11.html



L&L Enters Into a Joint Sale Agreement with Tianjin Fuhao, subsidiary of Tianjim Materials +Equipment Co.("TMEC"), which ranks 57th among China 's Top 500 Enterprises +revenues of ~$US 16.000.000.000, to jointly market/sell 1.000.000 tons of coal in China during calendar ´12, starting in February; If fully executed the two the sales agreements together would generate ~$US 300.000.000 in revenues, using a $US 150/ton coal price; Clayton Fong: "Our newly established wholesale operations have hit the ground running by securing two sales contracts representing an aggregate of 2.000.000 tons in calendar ´12. If fully executed, the agreements would significantly increase revenues +expand our coal markets on a national level. The wholesale operation is a good compliment to future acquisitions +partnerships. We look forward to working with CCMC +Tianjin Fuhao for many years to come, the synergies +the shared resources will continue to stimulate growth for all three companies" - Dec 8, 2011
www.lnlinternational.com/pr/press-release-12-08-11.html

[Popeye82]

Warren Buffett wants farmer son to succeed him; Buffett has told the CBS News program "60 Minutes" that after he dies, he wants his son to become non-executive chairman of Berkshire Hathaway. Howard Buffett, a farmer with no college degree , would be a good successor, the elder Buffett said , because he understands the values of the company. For his part, Howard Buffett is amenable to the plan, he told the newsmagazine, as long as he doesn't have to stop growing corn +soybeans - FY/MW, CHICAGO - Dec 9, 2011

- William Spain -
http://finance.yahoo.com/news/warren-buffett-wants-farmer-so…

[Popeye82]

Soros Bought $2.000.000.000 Ex-MF Global Europe Debt: Report - FY/CNBC - Dec 9, 2011
http://finance.yahoo.com/news/soros-bought-2-billion-ex-1806…

"About $2 billion worth of European bonds owned by MF Global were bought by billionaire investor George Soros's family fund, the Wall Street Journal wrote on Friday, quoting people close to the matter.

On October 31 MF Global collapsed into the eighth-largest bankruptcy in U.S. history and an estimated $1.2 billion in client funds remains unaccounted for.

According to press reports, the board allowed the company's exposure to European sovereign debt to increase by more than four times to $6.3 billion between late 2010 and shortly before it entered bankruptcy.

The firm, led by former Senator Jon S. Corzine,
sold part of the bonds

but still had about $4.8 billion worth of them on its books when it went bankrupt, the Wall Street Journal wrote.

They were turned over to KPMG, MF Global's bankruptcy administrator in London; they were then offered to big investors immediately after the company's collapse by MF Global's London clearing house, LCH Clearnet, the paper said, quoting a KPMG spokeswoman.

A number of large investors passed on the bonds but, according to people close to the matter quoted by the Wall Street Journal, Soros's interest was piqued and he bought around $2 billion of the bonds at a level below the market price at the time.

A spokesman for Soros declined to give details about the company's positions, the paper said.

"While our firm is always in the market, we have a policy of not disclosing

details of our positions," the spokesman said.

KPMG told the paper that the overwhelming majority of the European sovereign debt portfolio was liquidated by LCH before the second week in November.

Yields on Italian debt came off recently, with the yield on 10-year bonds falling below 6 percent for the first time since October. Soros's move is likely to be regarded by markets as confidence in the euro zone's ability to sort out its debt problems, the paper wrote. "

[Popeye82]

Cancer therapy using iron ore; Helicon Group, an Australian medical company, will spend $3.000.000 to develop a cancer therapy that relies on magnets +iron ore, Nanoparticles of iron ore are injected into a tumour while a magnet is used to heat the tumour +destroy it , F. Pannuti, Helicon Group’s chief executive, said the treatment is still in its early stages - M.com - Oct 23, 2011

- Michael Allan McCrae -
www.mining.com/2011/10/23/cancer-therapy-using-iron-ore/

[Popeye82]

Antwort auf Beitrag Nr.: 42.350.554 von Popeye82 am 15.11.11 02:40:39

PotashCorp cyberattack needed 100 people to pull off; CBC News is reporting that last fall’s cyberattack on government agencies looking for confidential information on PotashCorp was much larger than previously disclosed +the perpetrators seemed to be after insider information, Seven Canadian law firms were attacked, along with various government agencies. Analysts estimate that the well-coordinated attack must have involved 100 people or more; Although the attacks were traced back to China, that does not mean the attacks were carried out by that country. The Chinese government denies any involvement - M.com - Nov 30, 2011

- Michael Allan McCrae -
www.mining.com/2011/11/30/potashcorp-cyberattack-needed-100-…

[Popeye82]

Fancamp Exploration - Lac Lamelee South Project -214.0m Grading 31.2% FeT; indicate that this property has the potential of significant tonnages in this important iron ore district; Other properties in the area include the operating ArcelorMittal Fire Lake Mine +the adjacent CHM/FNC Fire Lake North project with its newly released NI 43-101 resource of 1.061.300.000 tonnes @28.8% total iron M/I/I; Further drilling is planned for ´12 with the objective of establishing inferred +indicated resources for this significant iron deposit - Dec 12, 2011
www.marketwire.com/press-release/fancamps-lac-lamelee-south-…
http://media3.marketwire.com/docs/1212fnc.pdf

[Popeye82]

Top honour for mining innovations; CSIRO’s David Miljak won the minerals +energy category @The Australian Innovation Challenge for his ore sorting sensor; Judges said Miljak’s technology could boost copper production efficiency by >20 per cent , “The sensor can distinguish high grade from low grade ore quickly as tonnes of rock containing the copper mineral chalcopyrite pass along a conveyor belt from the mine,” they said in a statement, “It promises to cut processing costs greatly by enabling the rejection of batches of ore low in the mineral” - MA - Dec 9, 2011

- A. Duffy -
www.miningaustralia.com.au/news/top-honour-for-mining-innova…

[Popeye82]

Namibia: Iron Ore Riches Set to Transform Kunene - AA, WINDHOEK - Dec 7, 2011

- Desie Heita -
http://allafrica.com/stories/201112071146.html

"A planned iron ore mine and a steel plant envisioned for the Kunene Region is likely to fast-track Namibia's march towards industrialisation.

This comes in the wake of a recent report that Kunene has over 2 billion tonnes of iron ore.


This is so particularly if Chinese investment in iron ore mining and production materialises, according to an investment plan China is selling to Namibian lawmakers.

The plant would have an estimated production of 5 million tonnes per annum, according to East China Mineral Exploration and Development Bureau, whose investment arm, Eastern China Non-Ferrous Metals Investment Holdings announced earlier in the week the discovery of deposits of over 2 billion tonnes of iron ore in Kunene Region.

Steel production is seen worldwide as one of the main catalysts for rapid industrialisation and its demand is set to remain high as the emerging economies continue to grow.

The steel plant and mine are likely to bring to realisation the long-held dream of a harbour at Cape Fria. Under the current budget, Treasury allocated nearly N$16 million to be spent till next year on the feasibility study on erecting the third harbour within Kunene Region.

The Chinese State-owned company still has to do the feasibility study to bring the mine on stream.

Shao Yi, the director general and chairman of the holding company, in an exclusive interview with New Era, said the government had reaffirmed its preparedness to support the venture through investing in infrastructure.

"We are not here to raise money on the stock market, or extract and leave. We are here to stay," said Yi.

The exclusive prospecting licence was granted only earlier this year and the company is now drilling nearly 12 000 metres deep in various spots, a process that is likely to go on until the end of next year.

The drilling is at two areas, one 80 kilometres and the other 25 kilometres west of Opuwo town.

Yi said they are aiming at about 2016 for the mine to come on stream.

"As you know, projects of this magnitude take time. But we hope to complete the feasibility study by the end of 2013 or beginning of 2014."

Over the next four years, N$300 million would be invested in further mineral exploration and mining.

Representatives of East China Mineral Exploration and Development Bureau, which owns the Eastern China Non-Ferrous Metals Investment Holdings, were in the country to meet with Prime Minister Nahas Angula as well as with the ministers of mines and energy, trade and industry, as well as finance.

Meanwhile, the Namibia East China Non-ferrous Investments, the local subsidiary, signed a Memorandum of Understanding with the University of Namibia in collaboration with China University of Geo-Sciences, to set up a joint practice base for geo-sciences.

The base camp will enable professors and lecturers of both countries to work together on research and at the same time mould young geologists and scientists.

Namibia East China Non-ferrous Investments has for the last four years donated N$500 000 each year towards the Dr Sam Nujoma Science Scholarship Scheme at Unam. "

[Popeye82]

Pretium Resources - Significant Increase in Brucejack's Gold Resources; totals 54.700.000 Ounces Au M/I/I - Nov 28, 2011

High-Grade(5.0 grams of gold-equivalent/tonne cut-off) Grade &Tonnage Estimate

+ 5.060.000 ounces of gold in the Measured +Indicated resource categories(9.300.000 tonnes grading 16.92 grams of gold/tonne), for a 460% percent increase; +

+ 3.330.000 ounces of gold in the Inferred resource category(4.000.000 tonnes grading 25.67 grams of gold per tonne).


Bulk-Tonnage(1.25 grams of gold-equivalent/tonne cut-off) Grade &Tonnage Estimate

+ 8.460.000 ounces of gold in the Measured +Indicated resource categories(74.100.000 tonnes grading 3.55 grams of gold/tonne), for a 164% percent increase; +

+ 6.760.000 ounces of gold in the Inferred resource category(78.500.000 tonnes grading 2.68 grams of gold/tonne).


Bulk-Tonnage Mineral Resource Estimate(0.30 grams of gold-equivalent/tonne cut-off)

+ 12.890.000 ounces of gold in the Measured +Indicated resource categories(305.300.000 tonnes grading 1.31 grams of gold/tonne), for a 57.5% percent increase; +

+ 18.200.000 ounces of gold in the Inferred resource category(813.700.000 tonnes grading 0.70 grams of gold/tonne).


Brucejack High-Grade Project

+ An update to the Preliminary Economic Assessment(PEA)(see news release dated June 2, ´11) using the updated Brucejack high-grade gold +silver resource is now underway +is planned to be completed in the 1st quarter of ´12;

+ A Feasibility Study for the Brucejack high-grade development opportunity will commence shortly;

+ Additionally, a PEA on an integrated high-grade underground +bulk tonnage project is planned to commence later this quarter. ...
http://finance.yahoo.com/news/Pretium-Resources-Inc-iw-45750…

[Popeye82]

The Western World Is 'Finished Financially' : CIO - FY/CNBC - Nov 30, 2011
http://finance.yahoo.com/news/western-world-finished-financi…

"The Western world has run out of ideas and is "finished financially" while emerging economies across the world will continue to grow, David Murrin, CIO at Emergent Asset Management told CNBC on the tenth anniversary of coining of the so-called BRIC nations of Brazil, Russia, India and China, by Goldman Sachs' Jim O'Neill.


"I still subscribe and I've spoken about it regularly on this show that this is the moment when the Western world realizes it is finished financially and the implications are huge, whereas the emerging BRIC countries are at the beginning of their continuation cycle," Murrin told CNBC.

Murrin added he believes the power shift from the West to emerging economies beyond Europe and the United States was "unstoppable" and he blamed a lack of ideas from Western leaders on how to stimulate growth together with contracted demographics and rising inflation as catalysts for Western decline.

"We suffer from no growth and we suffer from imported inflation... that means we have negative real growth and societies fracture when you have negative real growth and quite simply our society faces fractures for trying to stick Europe back together again is not going to work with that underlying paradigm, unless you can create five percent growth to overcome that imported inflation," Murrin explained.

Murrin said that the East was depending less on the West and the rise of a consumer society was the first step in the expansion of an economic empire.

"If you look at the cycle of an empire system from regionalization to expansion to empire, the first phases of that catalyst are when you have a self fuelled consumer society and so actually that process of building your consumer base which is really what's going on in China, day by day their consumer base increases and the dependence on the West decreases," he said.


Containing China

Murrin added that while China is by far the biggest emerging economy and would be at the center of a new economic order, other emerging nations were set to join the BRIC countries and new political orders and alliances would come about as a result.

"This isn't just a BRIC story, this is the end of the Christian Western Empire versus the rise of the whole emerging world led by China as the foremost and most powerful," Murrin told CNBC.

"I think it's going to be the whole world trying to contain China's growth and there's going to be completely new alliances that take place... between Australia, Japan and India and America and possibly Russia if the foreign policy is expansive enough, there's going to be a ring of containment trying to hold this bulging entity which is like no other nation we've ever seen coherently challenge for control of world commodities and resources," he added.


Intervention Not the Answer

Finally, Murrin stressed that Europe in particular was set to experience a rapid and deep decline and intervention by the European Union and its financial institutions was not a solution to stimulate growth.

"I think there's a real reality amongst investors and just taxi drivers , that without growth, the system's not sustainable, so intervention is just a drug and we all know that the more drugs you put into someone, the more the system becomes immune to their response and so I don't see this as a solution," he said.

Pointing to previous economic downturns, Murrin said the West was much less equipped than the emerging world to deal with its current decline.

"In all our examples of disastrous events, Argentina, Russia, the Asian crisis, they're not good references for us in the West because they take place in countries with good demographics, good commodity stories and essentially underlying tides which lift them away from their problems," he said.

"We in the West have none of those, we live in a world where resources are increasing in prices, where we're a consumer society, we're an old society, we're not innovative, we're not expansive, so we don't have any of those natural lifting qualities to actually pick us out of the mire which is what decline is really about," he added. "

[Popeye82]

Cardero Resource - Receives Draft Preliminary Economic Assessment For Carbon Creek Metallurgical Coal Deposit, NE BC - Dec 12, 2011

+ Base Case Economic Assessment Returns Base Case $752.000.000 Post-Tax NPV8% &29.3% IRR(75% Interest Basis), using a base case coal sale price of $185/t

+ Increases Measured &Indicated Resources by 46% to 166.700.000 tonnes

+ Increases Inferred Resource by 87% to 167.100.000 tonnes ...
www.marketwire.com/press-release/cardero-receives-draft-prel…

[Popeye82]

China, India +the US agree to climate pact - CER/WSJ - Dec 12, 2011
http://r20.rs6.net/content/china-india-us-agree-climate-pact

"The US, India and China agreed on a plan to reduce greenhouse gas emissions, marking a breakthrough in global climate change negotiations, The Wall Street Journal reported.

Delegates from the nations agreed over the weekend to draft a new global emissions treaty by 2015; in exchange, most rich countries which currently abide by the 1997 Kyoto Protocol requirements will extend their commitments past the current expiration date of 2012, and developing countries like China and India would in principle accept binding commitments. The new treaty, if agreed upon and then ratified by participating members, will take effect in 2020. China and India agreed to the pact only on condition that a “legal instrument” established to monitor enforcement be replaced with the broader term “legal force.” Members also agreed to set up a climate fund, which they hope will be capitalized with US$100 billion to help poor countries meet the challenges of climate change. "

[Popeye82]

Official: China will be part of effort to aid Europe - CER/Reuters - Dec 12, 2011
http://r20.rs6.net/content/official-china-will-be-part-effor…

"China’s vice foreign minister said that the country will be part of the global effort to help Europe, as EU leaders agreed on Friday on stricter budget rules for the eurozone, Reuters reported.

“China will be part of the international effort to help Europe,” said Fu Ying, China’s vice foreign minister, at the sidelines of a conference in Vienna. “We want to invest, we are importing more, we are sending delegations to buy, to purchase, that will help create jobs, that will help stimulate the economy.” China’s leaders have balked at publicly committing part of the country’s foreign exchange reserves to helping distressed and over-indebted European nations. However, a report that China is planning a US$300 billion investment vehicle for European assets boosted investor sentiment on Friday. "

[Popeye82]

Report says half of China iron ore miners stop producing because of cheap imports ; Zhao Peng industry consultant told Interfax iron ore grading 66% in Tangshan is priced ~CNY 950/ton @present, but domestic miners need a price of ~CNY 1,000 to break even - M.com/IF - Dec 4, 2011

- Frik Els -
www.mining.com/2011/12/04/report-says-half-of-china-iron-ore…

[Popeye82]

Katze erbt zehn Millionen Euro ; Italienerin vermacht ihrem geliebten "Tommasino" ein Vermögen -inklusive Wohnungen in Mailand +Rom - DPA, ROM - Dec 13, 2011
http://web.de/magazine/lifestyle/leben/14329690.html

[Popeye82]

Australian-american Mining - Market Update -La Paz Rare Earth Elements Project; J. Malone said: "We are very excited about our La Paz REE project. The project has been advanced significantly in a very short time period since its discovery 15 months ago +this is a credit to the AusAmerican team. It is now an advanced project that can be compared very favorably with its peers given the significant positive characteristics it demonstrates such as size, location, a high percentage of HREE’s, great infrastructure, favourable mining characteristics +very low concentrations of deleterious elements such as thorium +uranium" - Dec 13, 2011

+ Large maiden JORC resource calculated: 128.200.000 tonnes @371.5 ppm I/I for 95.600.000 pounds(lbs) REE

+ NI 43-101 report due to be completed prior to Christmas ´11

+ Deposit is not fully delineated, leaving room for a significant increases in tonnage

+ High percentage of HREE(“Heavy Rare Earth Elements”)

+ Deposit is amenable to open-pit mining, surface to 100ft delineated to date

+ Positive preliminary metallurgical test work completed by SRC(“Saskatchewan Research Council”) in Canada

+ Insignificant Uranium +Thorium, < 10ppm

+ Ownership 100% AusAmerican +land titles are flawless +unencumbered

+ Excellent infrastructure available for development ...
http://stocknessmonster.com/news-item?S=AIW&E=ASX&N=571189

[Popeye82]

Champion Minerals - Continues to Drill Long Intersections of High-Grade Iron Formation, @the Oil Can Project, Adjacent to Its Fire Lake North Project, Fermont, Quebec; Drills up to 545.7 metres grading 33.7% Total Iron, 401.5 m grading 30.7% FeT +303.4 metres grading 34.7% Total Iron; Champion is nearing completion of its ´11 drill program @Oil Can with two drill rigs drilling the final holes. Once completed, these two fly drill rigs will be converted to land-based rigs +mobilized onto Fire Lake North to facilitate the Feasibility Study level resource definition +geotechnical drilling, currently underway. With completion of the Oil Can drilling program +the receipt of assay results, the Company expects to deliver an initial NI 43-101 Mineral Resource Estimate for the Oil Can Project in Q1-´12; T. Larsen: "The Oil Can Project is shaping up to be a significant satellite asset to our Fire Lake North Project, with results indicating the potential for a large iron resource. We foresee the Oil Can Project potentially providing supplemental ore feed to a process plant @our Fire Lake North Project. Clearly, the projects would benefit from key operating synergies , such as rail transport +port infrastructure. Champion remains focused on developing the Fire Lake North Project +continues to systematically delineate complimentary resources on its nearby projects. Our National Instrument(NI) 43-101 compliant iron ore resources, which currently >2.200.000.000 tonnes, are expected to grow significantly in the coming months +will place the Company's iron holdings among the top deposits in the Labrador Trough " - Dec 13, 2011
www.marketwire.com/press-release/champion-minerals-continues…
http://media3.marketwire.com/docs/752471_fig_1.pdf

[Popeye82]

NEVADO Resources - Assay Results Confirm Higher Grade Iron +Titanium From Surface Massive Oxides Mineralization on the La Blache Project; 179 grab +channel samples from the 18 new surface massive oxides occurrences average over 62% Fe2O3 +19% TiO2, distributed within 6 kilometric sized target ellipses or rings, some as sub-rings to the original 45 kilometres long La Blache Ring of Iron-Titanium-Vanadium +others associated with one new ring, the 16 kilometres long La Blache East Ring of Iron-Titanium-Vanadium - Dec 13, 2011
www.marketwire.com/press-release/nevado-assay-results-confir…

[Popeye82]

Peak Resources - Wide Rare Earth Intersections from Surface, @Ngualla - Dec 13, 2011

+ Intersection highlights received from twelve new holes within the Southern Rare Earth Zone include:

- NRC097: 116m @3.25% REO from 2m
including 52m @4.61% REO from 32m

- NRC114: 110m @3.70% REO from surface
including 24m @4.22% REO from surface
and 54m @4.62% REO from 36m


+ A reconnaissance aircore drill hole located 380m south of existing bedrock intersections in the Southern Rare Earth Zone returned 50m @1.38% REO from surface within weathered carbonatite bedrock, suggesting the potential to significantly extend the known mineralisation to the south.

+ New rare earth mineralised intersections from unconsolidated sediments
within the South West Alluvial Zone have also been received +include:

- NAC566: 17m @3.72% REO from surface to EOH
NAC567: 25m @3.50% REO from surface to EOH


+ A maiden JORC compliant rare earth resource will be completed by the end of the 1st quarter of ´12 for both the Southern Rare Earth +the South West Alluvial Zones.

+ The project also has potential to host large, near surface deposits of niobium – tantalum +phosphate. ...
http://stocknessmonster.com/news-item?S=PEK&E=ASX&N=571279

[Popeye82]

ZYL - Resource Upgrades +New Drilling Programs - Dec 13, 2011

+ Resource upgrades:

- Mbila Project: 39% increase in the Mining Right Area resource to 125.000.000 tonnes, There is no change to the previously announced exploration target of ~20.000.000t to 60.000.000t¹. The resource upgrade is the result of further interpretation of the data supplied when ZYL invested in the Mbila Project.

- Kangwane Central Project: 20% increase in resource to 136.000.000 tonnes, The project area remains under-explored in parts +the potential to increase the resource base significantly remains excellent. The exploration target @the Kangwane Central Project remains 350.000.000t to 450.000.000tonnes2, @a calorific range of 27MJ/kg to 28MJ/kg(6,635kcal to 6,712kcal).

- Kangwane South Project: A drilling program is being planned, with the intention of signing a drilling contract in January ´12, +for drilling to start shortly thereafter. The program is to increase +expand the JORC-compliant resource category. It is expected that the results of this campaign will be available in March ´12. The exploration target @the Kangwane South Project is 90.000.000t to 190.000.000 tonnes3 @a calorific value range of between 22MJ/kg to 28MJ/kg(5,253kcal to 6,686 kcal).


+ Drilling program designed to expand +increase the current JORC resources @Mbila, Kangwane Central +Kangwane South projects to begin in Q1 ´12

+ "aims to become" one of the world’s leading metallurgical coal producers. The mission of ZYL is to develop high-margin metallurgical coal deposits for domestic +export markets. Flagship projects are the Mbila +Kangwane projects in South Africa, located close to rail, port, power +water infrastructure. ...
http://stocknessmonster.com/news-item?S=ZYL&E=ASX&N=571259

[Popeye82]

NGEx Resources - Announces 141.2 Metres of 0.38% Cu +0.53 g/t Au From GJ Copper-Gold Project, British Columbia - Dec 13, 2011
www.marketwire.com/press-release/ngex-announces-1412-metres-…
http://media3.marketwire.com/docs/ngq1.pdf

[Popeye82]

Delrand Resources - Reports Further Iron Ore Exploration Results; To date, a total of 1,117.1 metres of diamond drill holes have been drilled +all the drill cores have been analysed revealing average grades from the mineralised intercepts ranging from 62.5% to 68.5% iron, weighted average grade is 66.6%, Mineralized intervals, where intercepted by a drill hole, range in thickness from 37 metres to 121 metres; Rio Tinto, as the operator, has commenced the helicopter supported reconnaissance over the remainder of the Bomokandi permit area. It is expected that the 1st phase of this reconnaissance work will be completed during the 1st half of ´12, Delrand owns 25% of the joint venture company that holds exploration permits which cover areas totalling ~4.550 square kilometres, Under the agreement with Rio Tinto, all iron ore exploration up to +including the completion of any feasibility study will be funded by Rio Tinto - Nov 14, 2011
http://finance.yahoo.com/news/Delrand-Reports-Further-Iron-p…

[Popeye82]

US Magnetic Materials Association Applauds Inclusion of Rare Earth Inventory Assessment in Fiscal Year ´12 Defense Authorization Bill - CMJ/BWN, WASHINGTON - Dec 13, 2011
www.canadianminingjournal.com/press-releases/story.aspx?id=1…

"The United States Magnetic Materials Association (USMMA), a trade association representing high performance magnet producers and suppliers, today applauded congressional defense authorizers for including a provision in the final version of the Fiscal Year 2012 National Defense Authorization Act (NDAA) to conduct a rare earth inventory assessment at the Department of Defense.

The provision, originally included in the bill as an amendment by Congressman Mike Coffman (R-CO), would require the Defense Logistics Agency to conduct an assessment of rare earth materials, and forms of those materials, required to support the needs of the Department of Defense. It would also consider potential market impacts and steps the department could implement to use the inventory as a catalyst to development of secure sources of rare earth oxides, metals, alloys and magnets. Finally, the assessment will consider the viability of potential producers in the next five years. Findings and recommendations based on the report would be submitted to the House and Senate Armed Services Committees for review.

“This is a huge step toward re-establishing a secure, multi-source rare earth industry here in the United States ,” said Ed Richardson, president of the USMMA. “We applaud the armed services committees for their foresight and thank Congressman Coffman for his tireless work on this important issue.”

The NDAA authorizes funding for the Department of Defense and other defense-related programs. The final legislation, called the Conference Report, was settled on after the House and Senate passed two different versions of the bill.

The NDAA now heads back to the House where lawmakers hope to have a final up-or-down vote by Wednesday. The Senate is expected to vote on the bill later this week. It may still face a challenge from President Obama, who previously threatened to veto the legislation over a number of unrelated policy issues. The NDAA has passed every year for the past 50 years.


USMMA members include:

Electron Energy Corporation (EEC) offers unmatched expertise in rare earth magnets, assemblies and systems. Founded in 1970, EEC is an ITAR and DFARS-compliant, US supplier, that develops and produces custom Samarium Cobalt (SmCo) and Neodymium-Iron-Boron (NdFeB) sintered permanent magnets and assemblies. EEC is dedicated to improving rare earth magnet performance to meet the most technically demanding applications in aerospace, military, medical, electronics, and motion control markets.

Thomas & Skinner is the world leader in high-performance magnets and magnetic materials used in strategic weapons systems. Our cast and sintered alnico magnets, magnetic assemblies, and transformer laminations are considered the best in the industry. Through its wholly owned subsidiary, Ceramic Magnetics, Inc., Thomas & Skinner is also a leading manufacturer of soft ferrite magnets. We are committed to providing our customers with the highest-quality, highest-performing magnetic materials available.

U.S. Rare Earths, Inc., an American natural resources development company based in Salt Lake City and New York City, holds large resources and reserves of high-grade rare earth metals and the largest documented high-grade thorium properties in the world within its properties in Idaho, Montana, and Colorado, including 80% of known and estimated U.S. reserves.

Arnold Magnetic Technologies (Arnold) produces cast and sintered Alnico, RECOMA® brand Samarium Cobalt (SmCo), bonded Ferrite and Neodymium magnets, all varieties of magnetic Assemblies, and ultra-thin precision foil and strip. Arnold’s Alnico, SmCo and silicon steels are DFARS compliant and work done at any of our six (6) US-based facilities is also ITAR compliant. We also offer Neodymium-Iron-Boron magnets and have multiple fabrication facilities for magnets and assemblies utilizing all commercially available magnet materials.

Great Western Technologies Inc. is a leading production facility in North America for rare earth materials, powders, and custom vacuum-grade specialty alloys. GWTI provides research and development, process development, consulting, and innovative products and services to clients worldwide. GWTI, in partnership with its parent company, Great Western Minerals Group Ltd., is part of the first vertically integrated structure in North America to produce and process rare earth elements for advanced technology and alternative energy markets.

Lynas Corporation is creating a reliable, fully integrated source of supply from mine through to customers, and aims to become the benchmark for security of supply and environmental standards in the global Rare Earths industry. Lynas has developed a mine at its rich deposit of Rare Earths at Mt Weld in Western Australia, and will produce separated rare earth products from its Advanced Materials Plant which shall commence production in Q3 2011.

Ucore Rare Metals Inc. is a Canadian resource exploration company focused on rare metal ores, among the primary input materials of technology applications in the 21st century. Ucore maintains holdings across North America including Bokan Mountain, estimated to be one of the most significant Dysprosium and other Heavy Rare Earth deposits within the United States.

Texas Rare Earth Resources Corp. is a North American based mining company engaged in the exploration and development of mineral properties. Their flagship property, Round Top Mountain in Hudspeth County, Texas, is held under a 20-year renewable lease from the State of Texas to explore and develop a rare earth-uranium-beryllium prospect which includes niobium, tantalum and gallium.

Stans Energy Corp. is focused on developing the materials necessary to meet the clean energy demands of the future. Their goal is to build and produce our licensed properties containing rare earths, uranium, and associated metals in the near term. Stans company growth will come from acquiring, and participating in the development of, resource properties located in areas of the former Soviet Union.


for United States Magnetic Materials Association (USMMA)

J.A. Green & Company
Jeff Green, 202-546-0388
[e-mail] "

[Popeye82]

US Analysts' Best Picks for ´12 - RJ - Dec 12, 2011
www.andrewjohns.ca/sites/default/files/US%20Analysts%27%20Be…

[Popeye82]

Coalspur Mines - Vista Marketable Coal Reserves Increase by 20% -to 313.000.000 Tonnes; Gene Wusaty: "A 20% reserve increase over the PFS combined with a lower strip ratio in the BFS verifies the size +quality of Vista +its status as a world-class, tier-one coal asset. The expanded production rate to 11.200.000t/pa coupled with the increase in marketable reserves positions Vista to be a strategic source of high quality export thermal coal to the Asian Pacific economies for 30 years" - Dec 14, 2011

+ Proven +Probable Marketable Coal Reserves on Vista increase 20% to 313.000.000 tonnes from 260.000.000 tonnes

+ Recoverable Coal Reserves increase by 8% to 566.000.000 tonnes

+ Increase in Marketable Coal Reserves attributable to a larger pit limit, clean coal yield improvement +a refined mining +coal recovery plan

+ 30 year mine life on Vista with forecasted annual production of 11.200.000t/pa saleable coal +a life of mine clean coal strip ratio of 9.3(down from 10.2 in the PFS)

+ BFS on schedule for publication in early ´12 following completion @the end of ´11 ...
http://stocknessmonster.com/news-item?S=CPL&E=ASX&N=571308

[Popeye82]

Golden Goliath Resources - Agnico-Eagle Options Las Bolas/Los Hilos Property - Dec 13, 2011
http://finance.yahoo.com/news/Golden-Goliath-Resources-Ltd-i…
www.goldengoliath.com/pdf/URUACHIC%20MINING%20DISTRICT%20Dec…

[Popeye82]

Tethys Petroleum - Completes Tajikistan Acquisition; Dr. David Robson: "This is a great step forward that will allow Tethys a greater share in a very prospective, yet underexplored, area. I consider the Afghan-Tajik Basin +its extension the Amu-Darya Basin to be one of the most prolific in the world with giant +supergiant gas +condensate fields such as those in neighbouring Uzbekistan +in Turkmenistan. We are very pleased to have the continued support of our partners Sangam +will continue in ongoing discussions with potential farm-in partners with this acquisition providing a more efficient corporate structure for potential investors. This is a unique opportunity to now move forward +leverage a majority ownership in what Tethys regards as the jewel in the crown of the company" - Dec 13, 2011

+ Tethys now owns a 85% controlling interest in the Bokhtar PSC

+ 1.140.000.000 barrels oil equivalent(~7 TCF) audited unrisked Prospective Resources are contained within the Contract Area

+ Excellent commercial terms fixed under a 25-year Production Sharing Contract

+ ~35.000 Km2(8.700.000 acres) of the underexplored Afghan-Tajik Basin with world class discovered fields nearby

+ Current oil production

+ Ongoing data acquisition in final stages with ultimate goal to drill the 1st deep pre-salt exploration well in the near future ...
http://finance.yahoo.com/news/Tethys-Completes-Tajikistan-iw…

[Popeye82]

Rare Earth Metals - Releases New Resource Estimate for Two Tom: 40.600.000 Tonnes Averaging 1.18% TREO with 0.26% Nb2O5 +0.18% BeO I - Dec 13, 2011

+ 40.635.000 tonnes grading @1.18% total rare earth oxide(TREO), 0.26% Niobium Oxide(Nb205) +0.18% Beryllium oxide(BeO)@a 0.60% TREO cut-off grade in the inferred category

+ Neodymium content is 15.9% of the TREO

+ Calculation is based on >5,140 m of drilling in 22 holes, +4 trenches(44.2m), +2,647 assay samples covering ~1,200 metres of strike length to an average depth 200 meters

+ Resource areas open along multiple directions +to depth

+ On its Clay Howells property a new resource estimate for its Clay Howells deposit(8.500.000 Tonnes Averaging 0.73% TREO with 44.15% Fe2O3 -see previous press release dated Sept 27, ´11) was released

+ Additional drilling recommended for next phase of drilling ...
http://finance.yahoo.com/news/Rare-Earth-Metals-Releases-ccn…

[Popeye82]

DGR Global - Appointment of CEO for IronRidge Resources; targets 2.000.000.000 Tonnes Iron Ore in the northern Surat Basin; DGR Global currently owns 80% in IronRidge Resources Ltd; P. Williams: "IronRidge Resources will be primarily focussed on iron projects in equatorial west Africa, together with base metal +titanium projects in Australia. I am confident our strategy will yield sizeable high‐quality iron ore projects. We believe current economics in the OECD nations should not affect the rapid growth rates in the industrialising nations such as China +India. Furthermore, we forecast continued strong prices for iron ore" - Dec 13, 2011

[Popeye82]

Bligh Resources - Geophysical identifies 45 prospective anomalies, @Manilla - Dec 14, 2011
http://stocknessmonster.com/news-item?S=BGH&E=ASX&N=660933

[Popeye82]

Resource Mining - Wowo Gap Resource Upgrade; W. Davies: "This new estimate confirms the significance of the resource @Wowo Gap in a global context , +coupled with research on our new organic leaching technology, make the project very attractive to potential joint venture partners. We’ve proven ourselves with our innovative drilling program, the next step in the project’s development is to find an off take partner who can help fund the future development of the project. All the key elements are now starting to come together @Wowo Gap, a significant nickel +cobalt deposit near surface which lends itself to open cut mining, an innovative organic leaching process which is being developed to proof of concept stage, a potential source of hydro power, +potential for an export port <30 kilometres away. Continuous engagement with landowner groups +our local workforce with commitment to our policy of social involvement will be strengthened. The "outlook for nickel still remains positive" as an input into steel making +we believe the ongoing trend of industrialisation +urbanisation in Asia +India will continue +that given the latest resource estimates, Wowo Gap continues to be an attractive investment proposition for both shareholders +potential joint venture partners who are have a need for nickel as an input into steel +alloy manufacturing" - Dec 13, 2011

+ Outstanding Exploration +Resource Estimation Results @Wowo Gap Nickel Laterite Project

+ Mineral Resource up 52% from:

- 82.000.000 tonnes @1.00% Ni

to
- 125.000.000 tonnes @1.06 % Ni


+ Contained Nickel up 60% from:

- 830.000 tonnes


- 1.320.000 tonnes


+ Indicated Resource up 85% from:

- 39.000.000 tonnes @1.00% Ni

to
- 72.000.000 tonnes @1.03% Ni ...
http://stocknessmonster.com/news-item?S=RMI&E=ASX&N=571320

[Popeye82]

MetroCoal - 230% Increase in Bundi Project Area Resource -to 1.561.800.000Tonnes; boosts Total Resources to 3.782.800.000 Tonnes; will provide a solid platform for ´12 drilling - Dec 14, 2011

+ 900.000.000 tonne increase of Inferred Resources for the 100% owned Bundi Project.

+ Bundi Resource now totals 1.561.800.000 tonnes(1.410.900.000t Inferred +150.900.000 t Indicated)

+ EPC1164 +EPC 1251 including Juandah +Bundi Resources now totals 1.810.000.000 tonnes ...
http://stocknessmonster.com/news-item?S=MTE&E=ASX&N=238356

[Popeye82]

Mining Summary - LC - Dec 13, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Chinese stocks slide to two-year low - CER/BB - Dec 14, 2011
http://r20.rs6.net/content/

"Chinese stock prices fell to their lowest levels in more than two years, weighed down by lackluster property sales at home and continued uncertainty in the eurozone, Bloomberg reported.

The benchmark Shanghai Composite Index fell 1.9% to 2,248.59, a level not seen since March 2009, while the broader CSI 300 Index fell 2.3%. China’s currency also weakened slightly, hitting RMB6.367 to the US dollar. The market decline was sparked by a fall in housing transactions for 27 out of 35 Chinese cities indexed by Soufon Holdings (SFUN.NYSE, 0US.DAX) last week, with steep 60% drops in at least four cities. Share prices were further depressed by news that the eurozone’s new political agreement to bolster growth in the troubled region could underperform. Fitch Ratings predicted a “significant economic downturn” in Europe, which could cut into Chinese exports to that market. "

[Popeye82]

Fission Energy - PLS Property Trenching Yields Boulder Assays as High as 31.4% U3O8 - Dec 14, 2011
www.marketwire.com/press-release/fission-energy-corp-pls-pro…
www.fission-energy.com/s/pattersonlakesouth.asp

[Popeye82]

FeOre aims for 1st rail haulage of Mongolian iron ore within two years, admitted to the ASX - PAI - Dec 14, 2011

- Angela Kean -
www.proactiveinvestors.com.au/companies/news/23443/feore-aim…

"FeOre (ASX: FEO), a Mongolia-focused iron ore explorer, has been admitted to the ASX today following a successful initial public offer of up to 140 million shares at A$0.25 to raise up to $35 million.

The company will have just over 200 million shares on issue when it hits the ASX boards at 11am (AEDT) tomorrow, Thursday 15 December.

FeOre will use the funds raised from the IPO for exploration and development of the 108.7 million tonne Ereeny iron ore project, located 60 kilometres from the major trans Mongolian railway line between Russia and China.

The Ereeny Project covers approximately 3.26 square kilometres and extends to depths of over 400 metres. It has an Indicated JORC Resource of 57.3 million tonnes and an Inferred JORC Resource of 51.4 million tonnes.

The company is targeting the first rail haulage of iron ore from the project for sale within 24 months of its listing on the ASX.

Importantly, FeOre is in an ideal position to meet its goal having entered into a 10 year offtake agreement and a 10 year logistics agreement with China Railway Group subsidiary CRMI.

Through these two agreements CRMI has agreed to both transport and purchase FeOre’s iron ore product.


Profile

FeOre (ASX: FEO) is a Mongolia-focused explorer and developer with its major assets including the 108.7 milllion tonne Ereeny Iron Ore Project, located 60 kilometres from the major trans Mongolian railway line between Russia and China. "

[Popeye82]

Pacific Wildcat Resources - Final Closing Date Set for Acquisition of 70% Indirect Interest in Mrima Hill Niobium +Rare Earth Project; Accordingly, the Company and Finebrook Investments Pty Ltd, as trustee for the O'Sullivan Superannuation Fund("O'Sullivan Fund"), Stirling Capital Limited("Stirling"), Dunross Capital Ltd("Dunross") +Cortec (Pty) Ltd.("Cortec UK")(collectively the "Owners") have agreed to a Final Closing date of the Acquisition of the 23rd April, ´12. In addition the parties have also agreed to revise the schedule +timing of the payments to be made on the final closing of the Acquisition. The overall total consideration to be paid to the Owners by PAW has not changed; @Final Closing, the Company will hold a 100% interest in Stirling +Cortec UK, who own an aggregate 70% interest in Cortec Kenya which holds the Mrima Hill Niobium +Rare Earth Project; D. Townsend: "The signing of the Amendment Agreement gives certainty to the Final Closing date for the Acquisition of the 70% indirect interest in the Mrima Hill Project. The Company has received strong levels of potential interest for funding the closing of the Acquisition +is working with its corporate advisors to progress these discussions" - Dec 14, 2011


key terms of the Amendment Agreement, which are subject to acceptance of the TSX Venture Exchange:

+ PAW will make a cash payment of A$3,000,000 to the Owners on the earlier of: two business days after the completion by PAW of a financing to raise minimum gross proceeds of CDN $4,000,000 and January 31, 2012.

+ The issuance to the Owners on January 3, ´12 of such number of common shares of PAW which when aggregated with the shares already issued to the Owners in connection with the Acquisition, does not >19.9% of the non-diluted number of the issued +outstanding PAW shares as @that date, provided such Closing Shares issued does not exceed the aggregate number of 24,702,353 shares to be issued to the Owners in connection with the Acquisition.

+ The final closing will take place on April 23, ´12. ...
www.marketwire.com/press-release/final-closing-date-set-acqu…

[Popeye82]

Ormonde Mining Plc - New Mineral Resource Estimate, @Barruecopardo; Kerr Anderson: "The success of the infill drilling programme will enable a significant portion of the mineral resources which will be mined by open pit during the 1st nine years of operation to be classified in the Measured Resource category, providing the highest degree of confidence possible under international reporting standards. Having a significant portion of the resources classified @this confidence level will assist us greatly in our discussions on funding the project" - Dec 13, 2011

+ Total Measured Resources of 5.470.000 t grading 0.34% WO3.

+ Total Indicated Resources of 12.330.000 t grading 0.26% WO3.

+ Total Inferred Resources of 9.590.000 t grading 0.23% WO3.

+ developing a low cost mining operation @Barruecopardo to produce ~12% of non-Chinese annual global mine production from mid ´13 ...
http://ormondemining.com/uf/press%20releases/11%2012%2013%20…
www.ormondemining.com/en/investors/technical_glossary

[Popeye82]

Kiwi algae firm closer to omega-3 production - FNA - Dec 13, 2011

- Ankush Chibber -
www.foodnavigator-asia.com/Nutrition/Kiwi-algae-firm-closer-…

[Popeye82]

Montezuma Mining - DSO Manganese Potential Confirmed, @Butcherbird - Dec 15, 2011

+ Six potential DSO localities identified with five tested in current programme via bulk sampling using scraping +trenching.

+ Mn grades of +40% Mn achieved @key, larger tonnage localities.

+ Test work emulated simple mining +mobile processing method, with very low capital requirements +operational risk.

+ Further work to be undertaken in ´12 to confirm DSO surface deposits size, recoveries +product grades. ...
http://stocknessmonster.com/news-item?S=MZM&E=ASX&N=571428

[Popeye82]

China Premier Wen Jiabao to visit Myanmar - CER/Reuters - Dec 14, 2011
http://r20.rs6.net/content/

"Chinese premier Wen Jiabao will visit Myanmar next week to attend a summit of Mekong River countries, Reuters reported, citing sources familiar with the matter.

China has long been Myanmar's closest partner and supported the country during decades of Western sanctions. Wen's visit would follow closely on that of US Secretary of State Hillary Clinton last month, which resulted in the new Myanmar government committing to political reforms. US envoy Derek Mitchell denied that the US and China are competing for influence in the country formerly called Burma, saying, "There is no intent of the United States in its relationship with Burma to have any certainly negative influence on Burma-China relations." Bilateral China-Myanmar trade rose more than 50% in 2010 to US$4.4 billion, while Chinese investment in Myanmar was US$12.3 billion. Most cooperation has been on energy and natural resources, including a crude oil port and pipeline project. "

[Popeye82]

Chinese authorities delay anti-piracy measures - CER/WSJ - Dec 14, 2011
http://r20.rs6.net/content/

"China's cabinet has delayed inspections to ensure central and local government offices are using legitimate software , The Wall Street Journal reported.

China’s Vice Commerce Minister Jiang Zengwei originally promised the State Council would complete a review to weed out pirated software by October 2011, but said Tuesday that it would not happen until sometime in 2012. When asked about the reason for the delay, Jiang said, “Better areas like Beijing and Shanghai can compare with Washington or New York, but the poor areas I think are not very different from certain places in Africa, so arrangements for fiscal revenue in local areas must be budgeted." The Business Software Alliance, an international industry group, estimates that 78% of software installed in China is pirated. Jiang also announced that Vice Premier Wang Qishan would head a new government office to coordinate work on counterfeiting and intellectual property violations. "

[Popeye82]

Top-level adviser urges reversal of property restrictions - CER/FT - Dec 14, 2011
http://r20.rs6.net/content/

"A top-level adviser to China's central bank recommended Tuesday that Beijing loosen its restrictions on the property sector to avoid triggering a drop in house prices that would burden middle-class households, the Financial Times reported.

In a commentary in New Fortune magazine, Li Daokui cautioned that policies should be adjusted to boost the number of housing transactions and provide a soft landing for the real estate sector. In an indication of how contentious the issue has become, Communist Party mouthpiece People's Daily ran a front-page editorial arguing that the current restrictions must remain in place to restore housing prices to a reasonable level. Housing price growth has slowed and reversed in many cities in recent months as government restrictions to limit the property bubble - including higher down payment requirements and higher mortgage rates - have begun to take effect. "

[Popeye82]

China eyes navy presence in Seychelles - CER/WSJ - Dec 14, 2011
http://r20.rs6.net/content/

"China is considering an offer from the Seychelles to host Chinese naval ships while conducting antipiracy missions, according to both governments, The Wall Street Journal reported.

Jean-Paul Adam, Seychelles' foreign minister, said his government had first proposed the idea of a Chinese military "presence" in his country in 2010. Chinese naval ships would regularly visit ports in the Seychelles to collect supplies and allow their crews to rest, but they wouldn't be permanently based there under the proposal. The Seychelles has also suggested China base military reconnaissance aircraft and personnel at its main airports where the US bases surveillance drones, Adams said. Analysts said that the archipelago is a potential strategic platform for China to compete for naval dominance of the Indian Ocean with the US and India. "Such acts are completely transparent and should not worry other countries. China has never set up military bases in other countries," said Liu Weimin, China's Foreign Ministry spokesman. "

[Popeye82]

Centaurus Metals - In-Fill Drilling Commences, @Jambreiro Iron Ore Project; RC in-fill program, which is one/several programs to be undertaken as part of the BFS, is planned to convert the 1st 2 -3 years of friable ore production into Proven Reserves, which will assist with securing the debt funding component of the overall project funding package for Jambreiro; drilling will also enable the Company to collect a bulk sample +use it in pilot plant testwork, which will greatly assist in securing product off-take arrangements with the Brazilian domestic steel mills; overall RC drill program will comprise 2,250 metres of drilling with 1,750 metres of shallow drilling being undertaken to intersect the ore from surface to the bottom of the year 3 pit. Drill holes are planned between current sections closing the section spacing to 100 metres. On sections, holes will continue to be 50 metres apart. There will be a further 500 metres of drilling to test for pit extensions between the Tigre +Cruzeiro Deposits in an area of the Jambreiro Project that was not previously drilled; new phase of drilling follows the release of the Pre-Feasibility Study on the Jambreiro Project last month, which outlined a robust 2.000.000t/pa project capable of generating revenues of $1.4 billion +EBITDA of $948 million over an initial 8.5 year life; Once drilling is completed @Jambreiro, the RC rig will be used to undertake exploration drilling on the surrounding tenements in the Guanhães Region, Centaurus has 18 tenements in the Guanhães Region covering a total area of 25,000 hectares, Surface mapping has identified itabirite mineralisation on 13/18 tenements, Company has initially planned 2,500 metres of RC drilling to test some of the targets on these tenements - Dec 14, 2011
http://stocknessmonster.com/news-item?S=CTM&E=ASX&N=571286

[Popeye82]

GuestLogix - Deal With Southwest Airlines, the nation's largest carrier in terms of originating domestic passengers boarded, Includes AirTran; Southwest will use GuestLogix' onboard retail technology on >3,000 daily flights across the United States - Dec 13, 2011
www.guestlogix.com/pr/pr_12-13-11.html

[Popeye82]

Mining Summary - LC - Dec 14, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Sandfire Resources NL - DSO Sales Contract Signed with China`s Yunan Copper - Dec 15, 2011
http://stocknessmonster.com/news-item?S=SFR&E=ASX&N=571555

[Popeye82]

Colossus Minerals - Extends High Grade Subzones in the CMZ +Expands the GT Zone, @Serra Pelada; Claudio Mancuso: "The latest drill results are significant as they extend the CMZ high-grade subzones +widen the GT Zone. We are particularly encouraged to see that the system is still mineralized >1,000 metres from the edge of the historic Serra Pelada pit @relatively shallow depths. Despite intersecting low grade mineralization on the 500 metre step-out down plunge on the CMZ, the drilling indicates that the structure should lie further southeast. Our drilling efforts will now focus on probing this section for potential high-grade mineralization" - Dec 15, 2011

+ SPD-120 intersected several high-grade subzones within a continuously mineralized intercept of 74.35 metres grading 15.45 g/t gold, 4.54 g/t platinum +7.04 g/t palladium in the Central Mineralized Zone("CMZ"). These results confirm the continuity of and extend the high grade CMZ in one of the areas where an underground bulk sample will be extracted.

+ SPD-118 intersected 6.61 metres @44.40 g/t gold, 0.69 g/t platinum +0.62 g/t palladium extending a high grade, upper-limb mineralized subzone onto Section 125SW.

+ SPD-125 +SPD-128 extended high grade CMZ subzones onto Section 75SW intercepting 7.17 metres @6.37 g/t gold, 20.62 g/t platinum +19.17 g/t palladium.

+ SPD-130 intersected 2.07 metres @29.64 g/t gold, 5.19 g/t platinum +7.31 g/t palladium extending high grade lower limb mineralization onto Section 25SW.

+ SPD-123 intersected gold-platinum-palladium mineralization >1,000 metres to the southwest of the historic Serra Pelada open pit.

+ Additional GT Zone drilling has demonstrated substantial horizontal widths of lower limb mineralization along 100 metres of strike length +has also established high grade mineralization(SPD-116: 0.95 metres @24.26 g/t gold) in a shallow upper limb zone. ...
www.marketwire.com/press-release/colossus-minerals-extends-h…

[Popeye82]

NEVADO Resources - Completes 2nd Major Helicopter-Supported Diamond Drilling Campaign, @the La Blache Iron-Titanium-Vanadium Project, 12,603 metres in 36 diamond drill holes covering 6 targets, All assay results are currently pending; NEVADO has now completed 68 diamond drill holes totalling 22,221 metres on the Project, of which 45 holes for 16,461 metres were drilled @the most extensive oxides mineralization found to date @the highly prospective Farrell-Taylor Occurrence; Management believes these is sufficient drilling @the Farrell-Taylor Occurrence to complete NI 43-101 mineral resource estimates of the entire massive +disseminated Iron, Titanium +Vanadium oxides mineralization package as well as a preliminary economic assessment. In addition, NEVADO +its partner Neomet Technologies Inc. are nearing completion of the 2nd stage metallurgical test work - Dec 15, 2011
www.marketwire.com/press-release/nevado-completes-second-maj…

[Popeye82]

Ethiopian Potash - Receives Additional High Grade Sylvite Assays; D. Wahl: "We are in the unfortunate position of having to release excellent results into a soft market during tax-loss selling season, however hopefully investors can recognize the pattern of high grade sylvite(the only horizon that matters for our mining plan) over excellent widths, which should continue. With the rest of the drill results upcoming, Ethiopian Potash expects to issue a new 43-101 in the early part of Q1 ´12, placing it in the exact same position as its Canadian listed peers operating in the Basin" - Dec 15, 2011
www.marketwire.com/press-release/ethiopian-potash-receives-a…

[Popeye82]

Kivalliq Energy - High Grade Assays Received From Deepest Drilling, @Western Extension; J. Ward: "The high grade values from these intervals, including the deepest intersected on the property to date, clearly demonstrate the growth potential @depth. The assays will be incorporated into future resource estimates" - Dec 15, 2011

- 2.02% U3O8, 19.7 g/t Ag, 1.42% Cu, over 0.8 meters in 11-LC-109
- 1.21% U3O8, 190.4 g/t Ag, 0.87% Cu, over 0.8 metres in 11-LC-120
- 0.98% U3O8, 14.3 g/t Ag, 0.29% Cu, over 1.1 meters in 11-LC-115
- 0.83% U3O8, 37.3 g/t Ag, 0.44% Cu, over 1.5 meters in 11-LC-119


+ Western Extension zone strike length is 550 metres

+ All assays now reported from drill holes @Western Extension ...
www.marketwire.com/press-release/kivalliq-energy-corporation…
http://kivalliqenergy.com/projects/angilak/program_images/

[Popeye82]

Paladin gets access to Aurora deposits; ASX- +TSX-listed uranium miner Paladin Energy on Thursday rejoiced @news that the Nunatsiavut government had decided to lift the three-year moratorium on uranium mining, development +production on Labrador Inuit Lands. Paladin holds significant uranium assets through its wholly-owned subsidiary Aurora Energy within the Central Mineral Belt of Labrador, in Eastern Canada, which includes a measured resource 15.1-million pound uranium oxide(U3O8) resource, 68.7-million pounds indicated resource, of U3O8, +a 53-million pounds inferred resource, over six deposits - MW, JOHANNESBURG - Dec 15, 2011

- Esmarie Swanepoel -
www.miningweekly.com/article/paladin-gets-access-to-aurora-d…

[Popeye82]

OriginOil - Enters Joint Venture to Develop Biorefineries for U.S. Department of Defense Biofuels Programs , serving U.S. +NATO military requirements for alternative fuels ; JV receives preliminary funding commitment of $4.500.000 to carry out bankable feasibility studies, In August, the departments of Agriculture, Energy +Navy announced their intent to invest up to $510.000.000 during the next three years in partnership with the private sector to produce advanced drop-in biofuels to power military +commercial transportation; Bill Sosinsky: "We are excited to be involved in this dramatic development in biofuels production. We look forward to co-developing projects with Larry Sirmans throughout the world in this fast growing space. We believe other key players in private industry will soon be joining OriginOil in this venture, which responds to a mission-critical need of the U.S. +NATO for strategic fuels independence", Larry Sirmans: "Through its massive commitment to alternative fuels, the U.S. military has provided the market both opportunity +challenge, which we intend to meet. Our project delivery team has a unique blend of industry-specific knowledge +experience as well as very relevant military experience. We know +understand what both the military +the industry face to make this a reality. We are focusing on projects initially in the U.S. +Australia. Longer term, we see tremendous opportunity for Asia, Europe +Africa"; Riggs Eckelberry: "Our venture with Larry Sirmans is a game-changer for algae because these biorefineries will rely on algae to provide high energy values +a molecular structure that is virtually identical to petroleum. It all starts with these feasibility studies +the setting of multi-feedstock standards. We’re excited to be helping out" - Dec 15, 2011
www.originoil.com/company-news/originoil-enters-joint-ventur…

[Popeye82]

Pachamama Resources/Regulus Resources - New Gold-Rich, High-Grade Copper-Gold Zone Discovered @Rio Grande; drills up to 257.2 metres with 0.53% Cu, 1.20 g/t Au, +1.59 g/t Ag(1.19% Cu Eq or 2.39 g/t Au Eq) which includes 54.5 metres with 1.34% Cu, 4.52 g/t Au +2.68 g/t Ag(3.79% Cu Eq or 7.58 g/t Au Eq) - Dec 14, 2011
www.pachamamaresources.com/i/pdf/2011-12-14_NR.pdf

[Popeye82]

EastCoal - Acquisition of Menzhinsky Mine, Ukraine; J. Byrne: "The purchase of the Menzhinsky Mine will enable EastCoal to join the ranks of listed coal producers immediately. It also promises to significantly reduce equity capital requirements by generating early cash flows from dump material. This will slightly alter the production schedule @the H11 operation @the Company's Verticalnaya Mine, but this could be more than offset by the Menzhinsky Mine production. A 2nd wash plant can be purchased +installed on the foundations already constructed @the Verticalnaya Mine" - Dec 15, 2011
www.marketwire.com/press-release/eastcoal-inc-acquisition-of…

[Popeye82]

Mountain Lake Resources - Step-Out Drilling Continues to Encounter Wide Intersections of Gold Mineralization Outside the Historical Resource Boundary @Mountain Lake’s Glover Island Project in Western Newfoundland; Latest results include 1.34 g/t gold over 99.3 metres in hole LPSE-11-48 located 40 metres west of hole LPSE-11-44 that returned 0.7 g/t gold over 130.9 metres; purpose of the current 7,000 metre ´11 drill program is to validate +expand the historical resource on the Lunch Pond South East(LPSE) Prospect +to complete a National Instrument(NI) 43-101 compliant resource estimate in the 1st quarter of ´12, plan is to focus on the upper 200 metres of the deposit to determine the open pit potential - Dec 14, 2011
http://finance.yahoo.com/news/Step-Out-Drilling-Continues-bw…

[Popeye82]

China testing waters with reported Jaguar bid , fund manager says; While Jaguar Mining has been mute regarding its CEO’s departure +reported Chinese takeover approaches, a Toronto-based fund manager said on Monday its predator was likely using the company as a trial for future bigger deals. Speaking in an interview with Mining Weekly Online, Montrusco Bolton Investments fund manager John Goldsmith called Jaguar’s high-cost gold assets, located in Brazil, “mediocre” , reflecting a similar view to other analysts - MW, TORONTO - Dec 13, 2011

- Matthew Hill -
www.miningweekly.com/article/china-testing-waters-with-repor…

[Popeye82]

Peru's new Mining Minister says to attract investment; Peru's new Mine +Energy Minister said on Monday the government would attract private investment to the vast sector while requiring it to bring more social benefits to the fast-growing economy. The minister's 1st comments were another strong signal that Peru's free-market economic model will remain despite the replacement of 10/19 Ministers on Sunday - MW/Reuters, LIMA - Dec 13, 2011
www.miningweekly.com/article/perus-new-mining-minister-says-…

"Peru's new Mine and Energy Minister said on Monday the government would attract private investment to the vast sector while requiring it to bring more social benefits to the fast-growing economy.

The Minister's first comments were another strong signal that Peru's free-market economic model will remain despite the replacement of 10 out of 19 Ministers on Sunday.


President Ollanta Humala shuffled his cabinet over the weekend in part to calm widespread disputes over natural resource projects, like Newmont's proposed $4.8-billion Conga gold mine in the northern region of Cajamarca.

"We will be globally competitive and attract first-class mining," Jorge Merino, an engineer who spent years working for the government agency that promotes foreign investment before being picked by Humala, told reporters.

"My commitment is to decide how the country can bring investment, but investment that helps develop social programs," said Merino, who was also once head of social affairs at the agency, Pro-Inversion.

Humala kept Finance Minister Luis Miguel Castilla, who is well-regarded by Wall Street. Trade Minister Jose Luis Silva, who has pushed an ambitious free-trade agenda for the Andean country also stayed in his post.

New Prime Minister Oscar Valdes, a former army officer who had been Interior Minister, said the government will ask international experts to audit the disputed environmental plan for Conga before making a decision on what would be Peru's most expensive mining project ever.

"We think this is a good way to defend investment in Peru," Valdes, speaking on local television, said of the audit. He said protesters had "reasonable doubts" that should be addressed.

Peru has $50-billion in mining and oil investment lined up for the next decade, but the government is worried some 200 social and environmental conflicts nationwide could prevent that from taking off.

Humala has struggled to assuage the environmental concerns over water supplies from local communities opposed to the Conga project, many of which voted for him in the June election.

He declared a state of emergency last week to break up protests against Conga, a joint venture between US-based Newmont and Peru's Buenaventura .

It was the first sign his government may be willing to take a firmer stance to ensure the giant project goes forward.


SIGNS OF A CRACKDOWN

Critics said the appointment of Valdes showed a more authoritarian bent from Humala, who is a retired military man himself, and could mean more crackdowns on protests. Valdes went into business after leaving the military in 1991 and the business community appeared to support his appointment.

Peru's mining industry grew during the authoritarian regime of former President Alberto Fujimori, who ruled for 10 years starting in 1990.

Fujimori, now in jail for human rights abuse and corruption, initially drew multinational firms to Peru by signing agreements to lock in low tax rates for some two decades and promising to defeat leftist insurgents.

Humala fiercely criticizes Fujimori and portrayed himself as a defender of democracy and human rights during the campaign against Fujimori's daughter, Keiko Fujimori.

He pledged to defuse, through dialogue, community opposition to natural-resource projects in poor towns left behind by Peru's decade-long economic boom.

Humala earned widespread praise for early legislative victories. He negotiated additional tax and royalty payments of about $1-billion a year with the mining sector without losing investment and passed a law requiring firms to consult with indigenous communities before building projects.

But he has since found mediation difficult and labeled as "intransigent" the protesters who had hoped he would usher in a period of rapid social change. The leaders of the Cajamarca demonstrations have been arrested.

Although Humala's approval rating is a relatively high 59%, he has struggled to govern as a moderate in polarized Peru who can keep big business happy while helping poor voters impatient for change.

"The [Cabinet] changes signal that Mr Humala could be substantially less tolerant of protests that aim to stop mining projects," wrote Nomura analyst Benito Berber in a research note.

Peru's stocks were down 1.3% and the sol currency closed bidding 0.15% weaker against the dollar on a bleak day for global markets.


Edited by: Reuters "

[Popeye82]

Indonesia's ICDX brings forward tin launch date - MW/Reuters, JAKARTA - Dec 12, 2011
www.miningweekly.com/article/indonesias-icdx-brings-forward-…

"The Indonesia Commodity & Derivative Exchange (ICDX) has brought forward the launch date of its new physical tin contract to Thursday, from early next year, an official said.


The ICDX announced a series of new contracts, including palm olein and tin, in late November.

"Actually there seems to be (a) miscommunication," ICDX's Chief Executive officer Megain Widjaja told Reuters by text message. "It will go live December 15. It was early 2012... but the association pushed for it."

Material for the physical tin contract will be supplied by members of the Indonesia Tin Association, including the world's largest integrated miner, PT Timah.

The new physical tin contract will trade in five ton lots, for 15 minutes each day, from 0230 to 0245 local time, Widjaja added.

Indonesia, the world's top refined tin exporter, hopes the new physical contract, which will be followed by a futures contract next year, will one day rival the benchmark London Metal Exchange tin contracts.

Tin producers in the archipelago of 17 000 islands are looking to have a greater say on global prices for the base metal, and implemented a near two-month ingot export stoppage from October.

The LME was established more than 130 years ago. London tin was first traded in 1877 and is used as a benchmark price for most consumers, traders and producers worldwide.

Many metals analysts are sceptical that an Indonesian tin contract could rival the benchmark London contract or attract liquidity.


Edited by: Reuters "

[Popeye82]

Atlas sells Balla Balla Magnetite project to Forge for $40M; contains a large-scale Resource of 456.000.000 tonnes @45% Fe, 0.64% V2O5, +13.7% TiO2, located close to the Pilbara coast in Western Australia - AI - 16-Dec-2011
www.australianinvestor.com.au/news.asp?id=42225
http://stocknessmonster.com/news-item?S=FRG&E=ASX&N=661274

"Atlas Iron Limited [ASX Code: AGO] have announced that it has entered into an agreement to sell its Balla Balla magnetite project to Forge Resources Limited [ASX Code: FRG] for $40 million.

The proceeds will be paid in two stages. A royalty payment will also be payable based on tonnes sold. “This is good deal for both parties,” Atlas Managing Director David Flanagan said. “It realises value for Atlas from the former Aurox Resources-owned Balla Balla project while retaining the Utah Point Access Rights that were a key driver of the Atlas/Aurox merger.

”The Forge team, lead by Nick Curtis and Matthew James, has a demonstrated skill set in bringing projects to market and we look forward to them delivering further value for Atlas and Forge shareholders by successfully bringing the Balla Balla project into production. “The divestment allows Atlas to retain access to the upside in the project via a potentially significant royalty stream while enabling it to focus on developing its Pilbara DSO business.

“The Atlas team is continuing commercial negotiations with potential investors or partners on its other magnetite projects.” "

[Popeye82]

Mining Summary - LC - Dec 16, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Molycorp, Daido Steel &Mitsubishi Corporation Announce Joint Venture To Manufacture Sintered NdFeB Rare Earth Magnets, JV plans to construct an initial 500 metric-ton/year manufacturing facility in Nakatsugawa, Japan(Gifu Prefecture), with operations expected to commence by January ´13. The companies expect to begin work on the new facility next month +eventually expand operations in the U.S. +elsewhere, the technology to be used by the joint venture is a new +novel approach that does not depend on the use of patents held by other magnet companies. The technology allows for the manufacture of permanent rare earth magnets that deliver greater performance with less reliance on dysprosium, a relatively scarce rare earth. The process also results in higher production yields; JV Has Been Provisionally Awarded a Magnet Supply Agreement with a Major Automobile Manufacturer - Nov 28, 2011
http://us1.campaign-archive2.com/?u=a9e8676e87fad805702b9856…

[Popeye82]

Pacific Wildcat Resources - announces RC drilling for maiden rare earth resource estimate @Mrima Hill to commence in January, ´12; Approximately 5,000 meters of RC drilling is planned to an average vertical depth of 100m; objective of the program is to identify a maiden Inferred Rare Earth Resource estimate of between 10.000.000 +20.000.000 tonnes @grades ranging from 3.0 to 5.0% Total Rare Earth Oxides(“TREO”) by the end of the 2nd quarter of ´12; Darren Townsend: "The establishment of a maiden Rare Earth Resource for PAW will put the Mrima Hill deposit into context for investors. We are very confident of establishing a significant Rare Earth Resource Estimate +I invite interested parties to review slides 32 +33 of our recent Company Presentation, as available on the company website, which puts the potential significance of the Mrima Hill asset into context. We look forward to concluding the Acquisition of the indirect 70% interest in the Mrima Hill Project" - Dec 16, 2011
www.pacificwildcat.com/_content/documents/430.pdf
www.pacificwildcat.com/_content/documents/423.pdf

[Popeye82]

Australia to earn record A$206.000.000.000/anno from commodity exports - MW, JOHANNESBURG - Dec 13, 2011

- Esmarie Swanepoel -
www.miningweekly.com/article/australia-to-earn-record-a206m-…
http://bree.gov.au/documents/publications/resources/resource…

"Australia’s resources and energy commodity export earnings were forecast to reach a record A$206-billion in 2011/12, the Bureau of Resources and Energy Economics (BREE) said on Tuesday.


This was compared with the A$179-billion earned in 2010/11, which had been a 29% increase on 2009/10 figures.

In its December quarter resources and energy report, BREE stated that the expected increase in export earnings reflected the increase in export values for both energy and mineral commodities.

“The 15% increase in Australia’s minerals and energy export earnings will be underpinned by strong growth in export volumes for iron-ore and coal and high gold prices,” said BREE executive director and chief economist Professor Quentin Grafton.

Energy commodity export earnings were forecast to grow by 19% to A$83-billion, as a result of the strong increases in export earnings from thermal coal, oil, liquefied natural gas and metallurgical coal.

Australia could earn A$18.8-billion from thermal coal exports and A$33.6-billion from metallurgical coal exports. This would be an increase of 34% and 12%, respectively.

Earnings from mineral commodities would increase by 12%, to A$123-billion, on the back of increases in export values of gold, iron-ore, alumina and copper.

The country could earn 12% more for its iron-ore exports next year, which BREE said could surge to A$60.4-billion. Copper earnings could increase by 3% to A$87.7-billion, while gold earnings were expected to surge 45% to A$18.9-billion.

Zinc, nickel and aluminium export earnings were forecast to partially offset higher copper and iron-ore export earnings.

Export volumes for the majority of minerals and energy commodities were forecast to increase, including for metallurgical and thermal coal, iron-ore, gold and copper.

“The increase in iron-ore and thermal coal export volumes reflects recent expansions to mine and infrastructure capacity, while metallurgical coal exports are forecast to be higher as production conditions improve in Queensland,” said Grafton.

In 2011/12, the following increases in export volumes were forecast: thermal coal, up 14% to 163-million tons, iron-ore, up 13% to 460-million tons, gold, up 12% to 336 t, copper, up 10% to 935 000 t and metallurgical coal, up 7% to 150-million tons.

Total Australian mine production is forecast to increase by some 11% in 2011/12, largely attributed to a 15% increase in the output of energy commodities, particularly thermal coal, metallurgical coal and uranium.

BREE reported that also contributing to this growth would be a 6% increase in the production of metals and other minerals, underpinned by rising nickel, zinc and copper production.

Grafton said that risks to the outlook for Australia’s minerals and energy exports have increased over the past quarter and this was reflected in the forecast value of exports being revised down by 4% compared with the forecast in the September quarter report.

“Despite the uncertainty surrounding the outlook for some European economies, Australia’s export volumes for most commodities have remained strong in the second half of 2011, while prices for many commodities have remained at historically high levels,” he added.


Edited by: Mariaan Webb "

[Popeye82]

"Shockingly low gold ounce valuations on 48 TSX juniors": Ticker Trax; Is $30 to $50/ounce the going rate across the board? - SH/TT - Dec 16, 2011

- Danny Deadlock -
www.stockhouse.com/Columnists/2011/Dec/16/Shockingly-Low-Gol…

[Popeye82]

Astur Gold -&Gold-Ore Resources Announce $150.000.000 Merger Creating a European Leader in Gold Production, Development &Exploration ; Glen Dickson: "The merger with Astur Gold provides the Gold-Ore shareholders the opportunity to participate in the near term development of Western Europe's most promising gold deposit. The Astur Gold shareholders will benefit from Gold-Ore's cash &cash-flow to fund the Salave deposit through feasibility &into initial development with no further dilution. We are certain that shareholders of both companies will truly benefit from the merger", Cary Pinkowski: "The combination of Astur Gold &Gold-Ore is truly a complementary transaction bringing together a strong platform of technical, operational &financial management. Our new company will have a 1st mover advantage on consolidating the European gold space &presents a strong growth profile focused on enhancing shareholder value with the singular objective of becoming a major European gold producer" - Dec 16, 2011

Transaction Rationale:

+ A combination of strong cash flow &one of the largest undeveloped gold projects in Western Europe, creating a new high growth European-focused gold producer.

+ Combined reserves &Measured &Indicated resources of ~2.600.000 ounces of gold &combined Inferred resources of ~1.000.000 ounces of gold(Note: NI 43-101 compliant Resources &Reserves shown @end of news release).

+ Combined $22.000.000 of cash, un-hedged production, &fully-funded to take Salave through bankable feasibility &into development.

+ Combined management team of complementary financial &technical experience with a proven track record of success of building &operating gold mines &creating strong shareholder returns.

+ An attractive European growth platform with mining &development expertise, &a view towards additional accretive merger &acquisition activity in Europe.

+ Doubling of market capitalization to enhance capital markets exposure &trading liquidity. ...
http://finance.yahoo.com/news/Astur-Gold-Gold-Ore-Resources-…

[Popeye82]

Simba Energy - EIR - Dec 16, 2011
www.baystreet.ca/articles/research_reports/edison/simba16121…

[Popeye82]

Stellar Biotechnologies - Announces Significant Expansion of Keyhole Limpet Hatchery +Sera Production Capability, in anticipation of increases in demand for its keyhole limpet hemocyanin(KLH) products; hatchery expansion incorporates significant advances in aquaculture technology developed by the Company with support from the National Science Foundation(NSF), including methods for the control of the limpet reproductive cycle +systems for intensive propagation of the complex larval stages; While estimates put the current total population of Megathura crenulata in the ocean available for commercial exploitation @<100.000 animals, this new facility has a spawning capacity of 2.000.000 larvae +is designed to produce 50.000 juvenile limpets/year for Stellar; This expansion will increase the Stellar's future KLH production capacity to in excess of 20.000 grams of KLH/anno. Stellar estimates total current worldwide KLH usage @~2.000 grams/year ; F. Oakes: "This represents a major milestone in the Company's plan to provide a stable +scalable worldwide supply of KLH to support the commercialization of multiple KLH conjugate vaccines, as well as diagnostic +potential novel therapeutic products. While other KLH suppliers are planning for gram quantities of KLH to support preclinical research, +clinical vaccine development, Stellar is now capable of producing kilogram quantities of KLH to support all successful KLH platforms with GMP +non-GMP grade KLH as required by our customers", B. Lincicum: "It is very exciting to see the results of several years of intensive research supported by our NSF-SBIR grant translated into the world's 1st , fully-integrated keyhole limpet hatchery system with state-of-the-art technology +a dedicated team of well-trained, professional aquaculturists capable of supporting the large-scale commercial production that will be required by any vaccine developer that gets an approved product to the market" - Dec 6, 2011
www.stellarbiotechnologies.com/investors/news_releases/index…

[Popeye82]

Largo Resources - Announces 1st Commercial Shipment From Currais Novos Tungsten Project; process plant continues to ramp up its production capability +currently the ball mill required for full operation of the plant is being commissioned on site, Production @Currais Novos will continue to ramp-up as the ball mill is commissioned +the throughput +recovery levels increase to the proposed target level of ~4 shipments/month - Dec 14, 2011
www.marketwire.com/press-release/largo-resources-announces-f…

[Popeye82]

Rio Tinto wins fight against Ivanhoe poison pill; An independent arbitrator cleared the way on Tuesday for mining group Rio Tinto Plc/Ltd to take over Ivanhoe Mines Ltd, saying the $16.000.000.000 Canadian group's "poison pill" defence was not valid, Anglo-Australian Rio Tinto, which owns 49% of Ivanhoe, has long been expected to bid for the company, coveting its majority stake in the massive Oyu Tolgoi copper +gold project in Mongolia - MW/Reuters, MELBOURNE - Dec 13, 2011
www.miningweekly.com/article/rio-tinto-wins-fight-against-iv…

[Popeye82]

Vale mega ships pose 'catastrophic' risk –China shippers; China should be in no rush to allow new Valemax ships, the world's largest dry bulk carriers, into its ports, as they have not been thoroughly tested +any oil leak from one could be catastrophic, an influential industry group warned on Tuesday. Chinese shipowners want the government to keep the new mega vessels(VLOCs) out, fearing Vale, the world's biggest iron ore miner, will use them to monopolise the dry bulk shipping market @their expense - MW/Reuters, SHANGHAI - Dec 13, 2011
www.miningweekly.com/article/vale-mega-ships-pose-catastroph…

[Popeye82]

Marubeni sees global aluminium deficit in ´13; The global aluminium market will swing into a deficit of 357.000 t in ´13 with the Chinese market dipping into a wider deficit of 500.000 t during the year, as supply growth from China, Middle East +other emerging economies will slow, Marubeni, said on Tuesday. Marubeni, Japan's 5th-biggest trading company, expects the three-month LME aluminium price to start rising in the middle of ´12 in anticipation of the easing of a supply glut, with the median price rising to $2.800/t in ´13, up from an estimated $2.400 in ´11. The benchmark aluminium price now hovers @~$2.030 on the London Metal Exchange - MW/Reuters, TOKYO - Dec 13, 2011
www.miningweekly.com/article/marubeni-sees-global-aluminium-…

[Popeye82]

Cyclone Power Technologies - Receives Impressive Turn-Out, Presents ´11 Achievements +´12 Goals @Open House, including a guest speaker from Raytheon +representatives from Congressman Alan West’s office(FL-22), the Greater Ft. Lauderdale Alliance, the Offices of Economic Development for Broward County +the City of Ft. Lauderdale +the Florida Manufacturing Extension Partnership(MEP); Held @Cyclone’s facility on Friday, December 9th, the Open House included presentations by management detailing the Company’s progress to date, +plans for growth over the next year. Among these plans included additional projects expected from the defense sector. Kevin Bowen, Engineering Fellow for Advanced Technology @Raytheon Integrated Defense Systems, was a featured speaker @the event +provided a detailed account of the importance of Cyclone engines to the mission of his company +the U.S. military; Ted Astolfi: "After meeting the entire Cyclone team, +witnessing 1sthand their incredible technology, I believe Cyclone should be a showcase for technology +manufacturing in Florida" - Dec 15, 2011

´11 Highlights discussed @the meeting included:

- Received contract from Raytheon
- Awarded contract with U.S. Army through licensee, Advent Power
- Signed licensing agreement with Combilift
- Entered manufacturing agreement with TopLine Automotive
- Became SEC reporting +moved to OTCQB
- Expanded team +facility by >30%
- Received 15 additional patents on engine technology in U.S. +worldwide


´12 Goals discussed @the meeting:

- Complete current pipeline of contracts, +expand business through new development contracts +licenses;
- Further expand operational capacity by completion of financing, move to a larger facility, new hires, +partnerships with synergistic companies;
- Grow revenue through the development +sale of prototype engines +commencement of small-scale production;
- Achieve operational “break-even” by the end of ´12; +
- Continue stock up-listing to a national exchange ...
http://cyclonepower.com/press/12-15-11.pdf
http://cyclonepower.com/PDF/Cyclone_Sharheolder_Presentation…
www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8256529

[Popeye82]

MorphoSys -&Novozymes unterzeichnen langfristige Allianz für industrielle Anwendungen der Slonomics®-Technologie; Fortschrittliche Technologie zur Proteinoptimierung soll Entwicklungszeiten verkürzen +zur Ausweitung des Produkt-Portfolios von Novozymes beitragen - Dec 15, 2011
www.morphosys.de/pressrelease/morphosys-und-novozymes-unterz…

[Popeye82]

Nabaltec AG - Sumitomo Chemical &Nabaltec AG beschließen eine Kooperation im Bereich Aluminiumoxid &-hydroxid - Dec 13, 2011
www.nabaltec.de/index.php?option=com_content&task=view&id=51…

[Popeye82]

Universal Coal aims to be midtier producer by ´15 - MW, JOHANNESBURG - Dec 14, 2011

- Henry Lazenby -
www.miningweekly.com/article/universal-coal-aims-to-be-mid-t…

"Junior miner Universal Coal said on Wednesday it expected its three thermal coal projects in Mpumalanga to become operational by ´14, +that the 1st of its two “game-changing” coking coal projects in Limpopo would become operational by ´15.


The company is currently focused on developing a profitable business @its three near-term thermal coal projects in the Witbank coalfield, which comprises a resource of 294.000.000 tons of export +domestic coal.

Universal said it expected its integrated water licence for the Kangala project, near Delmas, to be issued in the 1st quarter of ´12, after which mine development would start. Commercial operations are expected to start from ´13. The company has a 70.5% ownership in the project, which entails a Joint Ore Reserves Committee-(Jorc-) compliant 124.000.000 ton inferred resource +a 48.700.000 ton measured thermal coal resource.

“We are confident that we will receive the water licence in the 1st quarter of ´12, because we lodged the application a year ago,” Universal Coal director for business development Shammy Luvhengo said @a media briefing in Johannesburg.

Kangala is expected to produce 2.500.000 tons of thermal run-of-mine coal/year for the domestic market. The Department of Mineral Resources issued a mining licence in ´10.

“We will undertake an optimised feasibility study for the mine during ´12, while we have entered into advanced negotiations for an offtake agreement with State-owned energy utility Eskom, to supply its new Kusile coal-fired power plant with 5.400 Kcal-quality coal,” Universal chairperson Dr Tony Harwood said.

Meanwhile, the ASX-listed company’s other two thermal coal projects, Roodekop +Brakfontein are @feasibility study +prefeasibility study phases respectively. Production is currently scheduled to start in ´13 +´14 respectively.

The Roodekop project has a Jorc-compliant 82.800.000 ton inferred resource, with 67.200.000 ton in the measured category. The project will produce export-quality thermal coal, as well as low-phosphorous coal suitable for the steel making industry.

The Brakfontein project has a Jorc-compliant indicated +measured resource of 87.700.000 ton of export-quality thermal coal.

“The goal for ´12 is to achieve market recognition of the potential of the thermal coal projects to provide a robust +profitable platform for growth, +to fully exploit the potential of the coking coal assets that are set to define Universal’s business +its increasing appeal to investors,” Harwood said.

Meanwhile, Universal’s attention is firmly focused on developing its Berenice-Cygnus coking coal project in the Limpopo province. The project has an inferred resource of 1.300.000.000 tons of soft coking coal, with 7.900.000 tons in the measured category. The coal would be most suitable for use as a blend with other coking coals.

This project consists of shallow coal zones comprising consistently developed coking coal +thermal coal deposits. Harwood said that the mine presents the possibility of a 560.000.000 ton low-cost strip mining operation, which could result in a 10km x4km openpit.

While a scoping study is currently under way, PhaseII of drilling would start in the 2nd quarter of ´12 to upgrade more resources to the measured category.

The project is located 30 km from the nearest railhead, adding to the company’s confidence to achieve 10.000.000 to 15.000.000 tons run-of-mine production/year.

Harwood said Universal expects to export its coal through the ports of Maputo, Richards Bay +Durban, due to all its projects being located in relative close proximity to existing rail infrastructure. However, it had not yet been granted any capacity on national transport utility Transnet Freight Rail’s(TFR's) lines.

“We are in talks with TFR to allocate line capacity to us, long before our operations start, +are confident that by the time our Limpopo operations come on line, there would be increased capacity for us to use,” Harwood said.

Further, Universal owns 40% of the prospective Somerville/Donkin coking coal project on the border of the Mapungubwe National Park, neighbouring Coal of Africa Limited’s Vele coal mine. “We are undertaking desktop studies to explore the possibility of developing the asset into a low-cost, high-margin coking coal asset @the site, with the exploration potential of 1.000.000.000 to 2.000.000.000 tons of coking coal,” Harwood said.

Although no exploration work had been carried out @the site, he pointed out that the company would engage environmentalists +local stakeholders well ahead of time, to avoid any disputes from evolving.


Edited by: Mariaan Webb "

[Popeye82]

Mining, manufacturing to remain a drag on SA’s growth in ´12; The contribution of South Africa’s mining +manufacturing sectors is likely to remain weak in ´12, Absa Capital argued in its latest quarterly economic outlook, in which the bank also cut it growth outlook for next year from 3.6% to just 2.8%. It also cut its growth expectation for ´11 from 3.1% previously to 3%, in line with its expectations of lower growth in the rest of the world - MW/AC, JOHANNESBURG - Dec 13, 2011

- Terence Creamer -
www.miningweekly.com/article/mining-manufacturing-to-remain-…

[Popeye82]

Strategic Natural Resources Plc - Substantial Coal Supply Agreement; signed a local coal supply agreement with a Bio-Ethanol Project in the Eastern Cape(“the Project”), initiated by the Eastern Cape government. The agreement is for an aggregate of 70.000 tonnes/annum of washed coal from the Elitheni mine to be supplied to a Bio-Ethanol plant, to be built in the Eastern Cape. The Project will be producing its own power fuelled by Elitheni’s coal, The IDC(Industrial Development Corporation), a national development finance institution set up to promote economic growth +industrial development, owned by the South African government under the supervision of the Economic Development ministry, has fully funded the Project. The coal supply agreement has an initial term of 20 years, with an option to renew, resulting in an initial aggregate supply of 1.400.000 tonnes to the Project. The coal has been priced on a fixed basis with annual inflationary increases linked to South Africa’s Producer Price Index. Coal supply is targeted to commence in ´13, subject to the Project’s operational status. The Bio-Ethanol Plant will utilise a fluidised bed combustion process, designed specifically for coal from the Eastern Cape coalfield - Dec 14, 2011
www.snrplc.co.uk/news/161/substantial-coal-supply-agreement/

[Popeye82]

Coal developer ZYL attracts interest from potential buyers - MW, JOHANNESBURG - Dec 14, 2011

- E. Swanepoel -
www.miningweekly.com/article/coal-developer-zyl-attracts-int…
http://stocknessmonster.com/news-item?S=ZYL&E=ASX&N=571312

"Shares in ASX-listed ZYL jumped ~30% on Wednesday, as the South Africa-focused coal developer announced that it had received two unsolicited expressions of interest to either partner or acquire ZYL.


ZYL appointed Macquarie Bank as a financial adviser to determine what options were available to the company, chairperson Bevan Tarratt told Mining Weekly Online.

“We want ZYL management to stay focused on the development of our assets, rather than running a mergers +acquisitions project. That is why Macquarie has been appointed,” Tarratt said.

ZYL has executed a confidentiality agreement with each of the parties, +Tarratt was unwilling to divulge any further information regarding the expressions of interest.

However, he noted that the receipt of the expressions of interest was not unexpected, +pointed to the growing market recognition regarding the inherent value of ZYL’s portfolio, most notably the high-quality anthracite product that would be produced from the Mbila +Kangwane projects, in South Africa.

Perth-based ZYL recently announced plans to fast-track the development of its recently acquired Mbila project, in Kwazulu-Natal, in order to achieve earlier production +revenues.

The company was currently undertaking a bankable feasibility study on Mbila, which would likely be completed in the 2nd quarter of next year, +which was investigating the development of a 1.500.000-ton/year run-of-mine operation.

Tarratt said that construction @Mbila was expected to start in the last quarter of ´12, with the mine set to produce its 1st coal in ´13. The product would be distributed in the local market, +Tarratt said ZYL had already received expressions of interest from potential domestic offtake partners.

“The Mbila project is fairly specific +is one of the last remaining large anthracite projects in South Africa . Its main benefit is that it would be displacing imported coal that is coming in from Vietnam, the Ukraine +the coking coal from Queensland.

“One of the principle pluses is that there is no requirement to gain access to infrastructure as customers are willing to buy the coal free-on-truck @the mine gate ,” he added.

Meanwhile, ZYL was also working on a definitive feasibility study for the Kangwane project, which was scheduled for completion by the 3rd quarter of next year.

The 1.500.000-ton/year run-of-mine operation was expected to produce some 1.200.000 ton of product mainly earmarked for exports to South America, principally Brazil.

“We are looking @going through the port of Maputo, but our point of difference is that we are within trucking range, so we wouldn’t be seeking access to a rail network,” Tarratt said.

A prefeasibility study previously estimated that the Kangwane project would require a capital investment of ~A$115.000.000 to develop.

The project has a Joint Ore Reserves Committee-compliant resource of 114.000.000 tons, +an exploration target of between 400.000.000 +450.000.000 tons.

ZYL shares were trading @~15c/share @the time of writing.


Edited by: Mariaan Webb "

[Popeye82]

Jobs outlook strong in Australian mining sector –survey - MW, JOHANNESBURG - Dec 14, 2011

- E. Swanepoel -
www.miningweekly.com/article/jobs-outlook-strong-in-australi…

[Popeye82]

Queensland makes room for two more coal terminals; Bligh noted that the proposed two terminals would boost export capacity to 180.000.000 tons/year, which was 50.000.000 tons more than the current capacity, @the port of Hay Point; Bligh: "This massive project is potentially worth ~A$10.000.000 in investment +will deliver ~5.000 jobs. The proposed development would mean more jobs, new infrastructure +increased export capacity, giving the local economy a real boost; The two proposed terminals are expected to include six rail loops +dump stations, large stockyards, eight new offshore berths, two jetties to the offshore wharves, a rail spur line to Dudgeon Point, the expansion of the Half Tide Tug Harbour to accommodate extra tugs, as well as the building of supporting infrastructure such as roads, buildings +barge facilities; The Premier said that construction of the terminals could start in ´13, but only if the relevant approvals are obtained - MW, JOHANNESBURG - Dec 14, 2011

- Esmarie Swanepoel -
www.miningweekly.com/article/queensland-makes-room-for-two-m…

[Popeye82]

Indochine Mining - Initial JORC Resource Statement -Mt Kare Gold/Silver Deposit, PNG: 28.300.000 tonnes @1.9g/t Au +22.5g/t Ag for 1.760.000 ounces of gold +20.400.000 ounces of silver/2.130.000 Ounce Gold Equivalent; new Resource Statement has confirmed the previously estimated size +tenor of gold/silver mineralisation @Mt Kare, contained in Snowden’s Canadian NI 43‐101 resource estimate ‐ Dec 19, 2011
http://stocknessmonster.com/news-item?S=IDC&E=ASX&N=661504

[Popeye82]

China blocks rare earth exporter - AI - 19-Dec-2011
www.australianinvestor.com.au/news.asp?id=42232

"Chinese authorities have barred the world's largest rare earths producer from exporting due to ''environmental concerns'', in a move likely to significantly affect global supply.

Baotou Steel, which accounts for nearly half of the world's rare earth production, has been excluded from the Chinese Ministry of Commerce's list of 11 approved exporters for next year, released last week.

China accounts for more than 95 per cent of world production and tightly controls the export of the strategic elements through a quota system.
Baotou also failed to make a recent list of companies that had passed environmental assessment standards maintained by the Ministry of Environmental Protection in China. It must now rectify its faults to be considered for a second round of approvals, according to a ministry official.

The lost exports from Baotou could lead to acute supply constraints and potentially prompt a surge in rare earth prices, mirroring a similar spike when China banned exports to Japan last year over a diplomatic row.

This would benefit rare earth miners racing to be among the first non-Chinese producers, including Australian miners Lynas, Arafura Resources and Alkane Resources, and other international majors including California-based Molycorp.

Rare earths are coveted for the crucial role they play in the manufacture of many cutting-edge technologies, including mobile phones, iPads, wide-screen televisions and hybrid car batteries. "

[Popeye82]

Minbos Resources - Resource Estimates for Cabinda Project - Dec 19, 2011

+ Inferred Resource Estimate of 6.700.000t @20.3 % P2O5 for the Chivovo Deposit

+ Inferred Resource Estimate of 150.000.000t @8.3 % P2O5 for the Chibuete Deposit

+ Total Resource estimate for the Cabinda Project now stands @304.000.000t @11.5% P2O5

+ Updated resource estimates for Mongo Tando, Cacata +Ueca expected early 1st quarter ´12 ...
http://stocknessmonster.com/news-item?S=MNB&E=ASX&N=571873

[Popeye82]

Mining Summary - LC - Dec 19, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

South American Silver - Announces 4.000.000.000 Pound Copper Discovery in Chile; G. Johnson: "Escalones is the 2nd major resource developed by South American Silver since the Company's IPO in ´07, +was originally discovered by Ralph Fitch, Executive Chairman, +Felipe Malbran, Vice President of Exploration. This resource estimate gives shareholders +other investors a tangible way to begin to value this outstanding 2nd project in the Company's portfolio. With 4.500.000.000 pounds of copper equivalent metal, this resource is already larger +higher-grade than many much better known copper-gold projects in North +South America. To put this new discovery in context, the resource here is already ~equivalent in value, size +scale to South American Silver's more advanced Malku Khota silver-indium project, effectively doubling the Company's in-ground resources. With the scale of this 1st resource, along with the excellent infrastructure @Escalones +its similarity to the nearby giant porphyry system @El Teniente, we believe that the Escalones project will begin to attract market attention. Our team is committed to adding significant new value for shareholders in coming months as we demonstrate potential for further resource expansion @Escalones +advance Malku Khota to the Pre-Feasibility level" - Dec 19, 2011

+ Newly defined Inferred Resource of 420.000.000 tonnes of mineralized material containing 3.800.000.000 lbs of copper, 56.900.000 lbs of molybdenum, 610.000 ozs of gold &16.800.000 ozs of silver using a 0.2% Cu Equivalent1 cut-off grade which represents ~a $2.50/lb copper price(see tableI below).

+ This is a copper-equivalent1 content of 4.500.000.000 lbs of copper grading 0.49% based on ~3-year average metal prices of $3.00/lb copper, $1,200/oz gold, $22/oz silver &$16/lb molybdenum.

+ The deposit remains open to expansion laterally +down dip with 90% of this 1st resource hosted in copper, gold +silver replacement-style mineralization, +one drill hole testing porphyry-style mineralization.

+ The 70 square kilometer Escalones project is located in the world-class central Chilean mining district which includes the nearby El Teniente deposit, which is the world's largest underground copper mine.

+ A ZTEM +aeromagnetic survey potentially indicating areas of additional sulfide mineralization has been completed for the property +is being interpreted.

+ Two drills are currently being mobilized to the project for a Phase-II program with ~7,000 meters of drilling anticipated to begin in January +to complete in April. ...
www.marketwire.com/press-release/south-american-silver-annou…

[Popeye82]

Sparton Resources - Announces Strategic Cooperation Agreement With Lafarge Shui, a world leader in building materials +the world's No. 1 cement manufacturer, On Cement(China); Lafarge may use waste coal ash as an additive in its cement manufacturing process. The company has a number of operations in China, including 18 operating cement plants +grinding stations +one cement plant under construction in Yunnan Province. Both parties envision significant positive environmental benefits from this joint program; Under the terms of the agreement, YSET will identify deposits of potentially recyclable waste with LSOC evaluating their suitability for use within the cement-making process. YSET's initial waste ash reclamation work is @a pilot plant stage +has focussed on the Lincang area of Yunnan; L. Barker: "Sparton is very pleased to be associated in this program with the Lafarge organization. Lafarge's strong position in Yunnan, +its support for the recycling +waste cleanup initiatives developed by YSET, will be extremely positive contributions to the program going forward" - Dec 19, 2011
www.marketwire.com/press-release/sparton-announces-strategic…

[Popeye82]

Kivalliq Energy - Additional High Grade Assays Reported, From Eastern Extension Zone; J. Ward: "Including the Eastern Extension could add considerable value as we move towards revising the resource estimate for Lac Cinquante by the end of Q1, ´12" - Dec 19, 2011

+ 6.01% U3O8, 8.2 g/t Ag, 0.22% Cu, 0.14% Mo over 0.3 metres in 11-LC-099

+ 2.69% U3O8, 34.8 g/t Ag, 2.04% Cu, 0.27% Mo over 0.6 metres in 11-LC-102

+ 1.39% U3O8, 10.8 g/t Ag, 0.03% Cu, 0.18% Mo over 0.9 metres in 11-LC-078

+ All 44 holes drilled @Eastern Extension have now been reported

+ Eastern Extension results to be incorporated in updated resource estimate for Lac Cinquante; expected Q1, ´12
(Estimated true widths -see assay results table below) ...
www.marketwire.com/press-release/kivalliq-energy-corporation…
http://kivalliqenergy.com/projects/angilak/program_images/

[Popeye82]

Century Iron Mines - Announces Duncan Lake Iron Ore Project-´11 PhaseII Interim Drill Results; As of December 1st, ´11, Century had completed, in addition to the PhaseII drilling, 29,651 meters of drilling in 82 NQ sized drill holes. Century is continuing to drill within the PhaseIII program. In ´12, Century Iron intends to update the Property's National Instrument 43-101("NI 43-101") compliant resource estimate +after which it will prepare a Preliminary Economic Assessment("PEA"); Sandy Chim: "We are "very encouraged" by the PhaseII interim drilling results @the Duncan Lake Project +we look forward to receiving assay results for drill holes that that have been recently completed. Once the winter drilling of the interim PhaseII program is completed in ´12, we look forward to providing an updated NI 43-101 +a PEA to our shareholders" - Dec 19, 2011
www.marketwire.com/press-release/century-iron-mines-corporat…

[Popeye82]

Segue Resources - Initial Assay Results +Project Update for Emang Project; drilling programme focussed on areas of outcropping manganese mineralisation covering ~20% of the total Prospecting Right area; S. Michael: "Segue has continued to deliver outstanding results from the Emang Manganese Project in a short period of time. The Initial Drilling Programme has intersected manganese mineralisation with exceptional frequency +the 1st set of assay results highlight the quality +consistency of the mineralisation. Manganese grades in excess of 30% MnO have been intersection in all 10 holes for which assay results have been received. The maiden resource in late January will be a defining moment for Segue +the Emang Manganese Project" - Dec 19, 2011

+ Initial Drilling Programme intersected manganese mineralisation in 80% of holes

+ Manganese mineralisation confirmed over an area of 2,700m x800m

+ Assay results for 10 holes received with grades of up to 52.3% MnO

+ Maiden JORC resource to be released in late January ´12

+ Infrastructure +transport options being considered ...
http://stocknessmonster.com/news-item?S=SEG&E=ASX&N=571867

[Popeye82]

Continental Gold - Drills 3.0m @162.7 g/t Gold, 41 g/t Silver +33.68m @6.2 g/t Gold in Yaragua +Extends both the Yaragua +Veta Sur Vein Systems Laterally +Vertically; Ten drills are currently on schedule to complete >100,000 metres of surface +underground drilling on the project by the end of ´11 - Dec 19, 2011
www.marketwire.com/press-release/continental-gold-drills-30-…

[Popeye82]

Tod von Kim Jong Il hält die Welt in Atem; Weltgemeinschaft bangt um die Zukunft von Nordkorea - DPA, SEOUL/PJÖNGJANG - Dec 19, 2011
http://web.de/magazine/nachrichten/ausland/14364046-nordkore…

"Mit zweitägiger Verspätung berichtete das nordkoreanische Staatsfernsehen am Montag, Kim sei am Samstag während einer Inspektionsreise mit dem Zug als Folge "großer körperlicher und geistiger Ermüdung" an einem Herzinfarkt gestorben. Der Diktator war nach offiziellen Angaben 69 Jahre alt.

Nordkoreas Militär und die Bevölkerung hätten dem als "großartigen Nachfolger" gepriesenen Diktatoren-Sohn Kim Jong Un die Treue geschworen. Er ist Enkel des Staatsgründers Kim Il Sung. Am Tag der Todesnachricht testete Nordkorea laut südkoreanischen Berichten zwei Raketen mit kurzer Reichweite vor der Ostküste.

Asiatische Börsen reagierten mit Kursverlusten. Südkorea versetzte seine Streitkräfte in Alarmbereitschaft. Präsident Lee Myung Bak rief seine Landsleute zur Ruhe auf und telefonierte eigens mit US-Präsident Barack Obama. Obama habe dabei das "klare Bekenntnis" der USA unterstrichen, sich für die Stabilität auf der koreanischen Halbinsel und die Sicherheit Südkoreas einzusetzen, teilte das Weiße Haus mit.

US-Außenministerin Hillary Clinton sagte nach einem Treffen mit ihrem japanischen Amtskollegen Koichiro Gemba, man habe ein gemeinsames Interesse an einem friedlichen und stabilen Übergang in Nordkorea. "Wir bekräftigen unsere Hoffnung auf verbesserte Beziehungen zum nordkoreanischen Volk und bleiben zutiefst besorgt über sein Wohlergehen."

Ohne Bedauern nahm die Europäische Union die Nachricht vom Tode Kims auf. UN-Generalsekretär Ban Ki Moon sprach dem nordkoreanischen Volk sein Mitgefühl in der Zeit der Trauer um ihren Staatsführer aus.

Die Menschenrechtsorganisation Human Rights Watch (HRW) rief in einer Mitteilung die Internationale Gemeinschaft dazu auf, nach dem Tod Kim Jong Ils die "Reformierung der entsetzlichen Situation" zu fordern. "Nordkorea war unter Kim Jong Il eine Menschenrechtshölle auf Erden", so HRW-Direktor Kenneth Roth. Die Zahl der politischen Gefangenen wird auf 200 000 geschätzt.

Das Regime des kommunistischen Nordkorea rief die Bevölkerung auf, sich hinter den knapp 30-jährigen Kim Jong Un zu stellen, der als Schüler in der Schweiz gelebt haben soll. Kim Jong Il hatte zuletzt seinen Sohn auf die Machtnachfolge in dritter Generation vorbereitet. "Es ist der größte Verlust für unsere Partei und der größte Trauerfall für das Volk", sagte eine in schwarz gekleidete nordkoreanische Nachrichtensprecherin mit Tränen in den Augen.

Das Fernsehen zeigte immer wieder Bilder von weinenden Menschen in Pjöngjang. Viele Menschen gingen auf den Straßen auf die Knie. Regierungsbeamte riefen: "Das können wir nicht glauben." Große Menschenmengen versammelten sich vor den großen Denkmälern für Kims Vater und "ewigen Präsidenten" Kim Il Sung. Sein Sohn werde neben seinem Vater zur Ruhe gebetet, berichtete die staatliche Nachrichtenagentur KCNA. Kim Il Sungs Leiche liegt einbalsamiert in einer riesigen Gedächtnishalle in der Hauptstadt.

Kim, der nach einem vermuteten Schlaganfall 2008 als gesundheitlich angeschlagen gegolten hatte, hatte zuletzt die Übertragung der Macht auf seinen Sohn vorangetrieben. Kim Jong Un war im September 2010 zum Vier-Sterne-General ernannt und in die erweiterte Führungsriege der Arbeiterpartei aufgenommen worden. Kim Jong Il, der eine "Militär-Zuerst-Politik" verfolgte, ernannte ihn damit praktisch zum Nachfolger.

Die Streitkräfte Nordkoreas hätten am Tag der Todesnachricht zwei Raketen zu Testzwecken gestartet, berichtete die nationale südkoreanische Nachrichtenagentur Yonhap unter Berufung auf Regierungsbeamte in Seoul. Man gehe jedoch nicht davon aus, dass der Test im unmittelbaren Zusammenhang mit dem Tod Kims stehe und Südkorea provoziert werden sollte.

Südkorea verstärkte nach Angaben des Generalstabs der Streitkräfte die Kontrolle der innerkoreanischen Grenze und des Luftraums. Es seien jedoch bisher keine "ungewöhnlichen Aktivitäten" der nordkoreanischen Volksarmee beobachtet worden, hieß es. Beide Staaten befinden sich völkerrechtlich seit dem Ende des Korea-Kriegs (1950-53) noch im Kriegszustand.

Bundesaußenminister Guido Westerwelle rief die künftige Führung in Nordkorea zu Reformen auf. "Die Menschen leiden unter der Diktatur", sagte Westerwelle am Montag am Rande eines Besuchs in London. "Sie brauchen neue Wohlstandschancen."

Trotz der wirtschaftlichen Probleme und großer Armut trieb Nordkorea unter Kim seine Raketen- und Atomprogramme voran, die in der Region als Sicherheitsbedrohung gesehen werden. In den Jahren 2006 und 2009 unternahm Nordkorea jeweils einen Atomtest, auf die der UN-Sicherheitsrat mit Sanktionen reagierte. "

[Popeye82]

Adriana Resources - Announces Joint Venture Agreement With WISCO, one of the "Big Three" Chinese state-owned integrated iron +steel company . In ´10, the WISCO Group had an annual output of 36.000.000 tonnes of steel; On closing of the JV Agreement, WISCO, which currently owns ~19.8% of Adriana, will fund an additional CDN$91.633.611, being the balance of the CDN$120.000.000 of WISCO's original commitment pursuant to the originally signed Framework Agreement. Adriana +WISCO have agreed that CDN$51.633.611 will be paid directly to Adriana +the remaining CDN$40.000.000 will be injected into a Joint Venture Company(the "JV Company" ). Adriana will transfer its interest in the Lac Otelnuk Project into the JV Company +, on closing, WISCO will acquire a 60% interest +Adriana will hold the remaining 40% interest. WISCO has agreed to use commercial best efforts to assist the JV Company to obtain project financing for 70% of the development costs required to achieve start of commercial production for the Lac Otelnuk Project, the size +scope of which will be determined by a bankable Feasibility Study. WISCO has agreed to provide dilution protection to Adriana by providing funding assistance of up to a maximum of CDN$200.000.000 for a term of up to 12 months in the event that Adriana has difficulty in funding its share of any cash call prior to the achievement of commercial production. Adriana +WISCO have agreed to purchase all the production from the JV Company @fair market value in proportion to their respective equity interests. Mr. Palmiere will be appointed as the CEO of the JV Company +Adriana will have the right to appoint two/five directors of the JV Company. The JV Company will reimburse Adriana for certain expenditures incurred on the Lac Otelnuk Project since January 17, 2011, the date Adriana +WISCO entered into the original Framework Agreement. The finder's fee originally announced of 10% of the cash consideration +a participating 4% interest in the Project was renegotiated, +as a result, a finder's fee in the amount of CDN$6.763.361 will be paid by Adriana on the closing of the JV Agreement in full satisfaction of the previously disclosed agreement with an arm's length 3rd party; transactions contemplated in the JV Agreement are subject to a number of conditions which include, among other things, Government approvals in Canada +China, +regulatory approvals including final approval from the TSX Venture Exchange +the receipt of shareholder approval by Adriana as required under the policies of the TSX Venture Exchange; A. J. Palmiere: "This is an extremely important milestone for Adriana +for the people of Québec. With the financial support of our new partner, it enables us to accelerate the development of our Lac Otelnuk Project. The project, in conjunction with the Government of Quebec's Plan Nord, will provide a significant economic stimulus for the development of Northern Québec" - Dec 19, 2011
www.marketwire.com/press-release/adriana-announces-joint-ven…

[Popeye82]

Exoma Energy - Toolebuc Shale Oil +Gas Play Confirmed; Exoma has a 50% beneficial interest in ATP-999-P. CNOOC Galilee Gas Company Pty Ltd, a local subsidiary of leading Chinese integrated energy company China National Offshore Oil Corporation(“CNOOC”), is earning its participating interest via a farmin whereby CNOOC provide the initial $50.000.000of joint venture expenditures on Exoma’s five Galilee Basin ATP’s - Dec 19, 2011

+ Potentially major shale oil play identified in Exoma's permits

+ Independent laboratory analyses confirm Toolebuc shale is generating oil +associated gas

+ Weatherford has provided Exoma with a preliminary estimate of the potential Oil In Place(OIP) +Gas In Place(GIP) in the Toolebuc shale @the Bessies location. These estimates are based on pyrolysis S1 peak values converted to equivalent million barrels/square km(MMbbls/km2) *the sum of free *adsorbed gas storage capacity:

0.2 to 4.5 OIP(MMbbls/km2, average: 2.2)* +2.9 to 6.4 GIP(Bcf/km2, average: 4.0)*


+ Estimated Oil in Place @the Bessies location comparable to volumes reported in the US Bakken Shale ; which has reported OIP values of between 1.5 to 4.7MMbbls/km²

+ work program planned for ´12 includes:

- Primary scientific +technical research into the Toolebuc +surrounding shales as a large scale hydrocarbon system;
- Integration of the laboratory results from the cores @Bessies, Euston +Katherine +Toolebuc chip samples from Wonganella, Prairie +Hollowback with geological +geophysical data to produce a shale oil +gas resource estimate;
- Appraisal drilling in ´12 to establish proof of concept that the shale system is capable of producing hydrocarbons to surface;
- Development of a shale exploration +appraisal model based on the new understanding of the shale system ...
http://stocknessmonster.com/news-item?S=EXE&E=ASX&N=571854

[Popeye82]

Tangiers Petroleum - Acceleration of Moroccan Exploration Efforts - Dec 19, 2011

+ Tangiers Petroleum Limited has commenced a 3D Seismic Acquisition program in its offshore Tarfaya Block, Morocco

+ The 3D seismic survey has been designed to fully encompass 3 of the Company’s most significant prospects, Assaka, Trident, +TMA which have a combined billion barrel potential -three prospects have been assessed by independent global petroleum consultant Netherland, Sewell +Associates Inc(NSAI) to have combined "unrisked best estimate prospective resources" of 758.000.000 barrels of oil with a "high side case" of 4.210.000.000 barrels of oil

+ The project will require ~25 days to complete acquisition

+ By accelerating its seismic campaign the company should be able to accelerate its proposed Moroccan drilling campaign. ...
http://stocknessmonster.com/news-item?S=TPT&E=ASX&N=571845

[Popeye82]

NSL Consolidated - Essentials for World-Class QLD Thermal Coal Assets - Dec 20, 2011

+ Updated technical modelling +interpretation by NSL Consolidated throughout 2H calendar ´11 has reinforced the strong project development potential for the Company’s world-class thermal coal assets in Queensland.

+ Queensland Exploration Permit for Coal Applications(EPCA) 2198, 2336, 2337 +2338 have a total defined Exploration Target of 6.600.000.000 –18.700.000.000 Tonnes1 of thermal coal.

+ Additional Coal Quality Data, Coal Seam Thickness, Coal Seam Depth, Infrastructure analyses completed.

+ Initial Exploration Drilling Programme set for ´12, including maiden 9 hole scoping drill campaign as a precursor to full exploration programme.

+ Analysis further underpinned by recent drilling +discoveries on nearby or adjoining EPC’s –EER, RMA, ICX +CBQ. ...
http://stocknessmonster.com/news-item?S=NSL&E=ASX&N=572019

[Popeye82]

Mining Summary - LC - Dec 20, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Berkeley Mineral Resources Plc - Option Agreement over Copper Tailings Assets in Chingola; Option is in respect of stockpiles @three separate areas located within a 7km radius of each other; Zambia Consolidated Copper Mines Ltd("ZCCM"), the parastatal mining company, produced closure records in which it estimated the total above-ground resources remaining in the three areas concerned to be 98.900.000 tonnes of tailings @~1.5% copper; The Option Agreement permits BMR to conduct due diligence for a period of 90 days from the lifting of the state moratorium on the transfer of already-issued licences currently in place in Zambia, with the right to extend that period by a further period of 90 days @extra cost. The Option fee payable by BMR is US$275,000. Upon exercise of the Option, BMR may then acquire 80% of the three stockpiles areas, together with the relevant small-scale licences +intellectual property pertaining to each stockpile. On the basis that BMR elects to acquire all the stockpiles in all three areas, the cost to be satisfied by BMR will be US$6.500.000 in cash +the issue to the vendors of some 257.000.000 Ordinary BMR shares @a value of 6p/share. A further condition of acquiring the 80% interest will be the obligation to finance the construction of a beneficiation plant to a value of US$25.000.000. The plant, which will remain the property of BMR, will be designed to produce an estimated 2.000 tonnes of blister copper/month. When production commences, the vendors will be entitled to royalties on feed tonnes, payable when copper product is produced +sold, with a guaranteed minimum of US$14.000.000 of royalties. The vendors will retain a 20% interest in the project +, under a shareholders agreement, provide a strong contingent of management +key personnel; Masoud Alikhani: "Zambia is already the world's 3rd largest exporter of copper. Substantial long-term profits +cash-flow will accrue to us from the compelling economics of the resources BMR can acquire @Chingola. Processing the resources will also allow us to contribute to the country's targets for increased copper production through the exploitation of legacy deposits, without impinging on below-ground reserves or resources. In achieving these aims, we will be aided by the experience we have gained through developing our tailings assets @Kabwe" - Dec 20, 2011
www.bmrplc.com/wp-content/uploads/Option-Agreement-over-Copp…

[Popeye82]

Apple erfindet den iPod neu ; Neue MP3-Player sollen aus gebogenem Glas gefertigt werden - BGR/NYT - Dec 20, 2011

- M. Engels -
www.de.bgr.com/2011/12/20/apple-erfindet-den-ipod-neu/
http://bits.blogs.nytimes.com/2011/12/18/wearing-your-comput…

[Popeye82]

NEVADO Resources - Drill Core Samples From the Farrell-Taylor Occurrence of the Winter ´11 Drilling Campaign Now Re-Assay Higher Vanadium Grades -27/32 drill holes re-assayed to date average >6 times more Vanadium using a better sample preparation protocol than was previously used; re-assaying was primarily done after Quality Assurance +Quality Control("QA/QC" ) work on drill cores by Neomet Technologies Inc.("NEOMET" ) which indicated the possibility of a significant upgrade in Vanadium assay results from the massive oxides mineralization(refer to the Company news release dated June 22, ´11). The QA/QC work was conducted on hole FT-10-09 +revealed individual +interval assay grades ~four times higher than reported by NEVADO. A 27.6 metre interval from drill hole FT-10-09 had originally yielded 0.10% V2O5(using the Lithium Borate Fusion Sample Preparation Protocol +MS81 Analytical Method), whereas control testing using a different sample preparation protocol +assay method(using the Four Acid Near-Total Digestion Preparation Protocol +MS61 Assay Method) found 0.37% V2O5 in the same interval ; M. Curtis: "Now that we have confirmed a significant six times upgrade in Vanadium concentration of the oxide mineralization @Farrell-Taylor this should potentially have an impact on any future mineral resources +development scenarios @the La Blache Project. Vanadium assay grades of the massive oxides range >0.35% V2O5, which is comparable to the mineral resources +mineral reserves grades of a number of well known worldwide Vanadium deposits +occurrences. These include American Vanadium's Nevada-based Gibellini Vanadium Project with NI 43-101 compliant mineral reserves(of 18.154.000 tonnes) @0.30% V2O5(www.americanvanadium.com); +Apella Resources Quebec-based Iron-T Vanadium-Titanium-Iron Project(near Chibougamau) with NI 43-101 compliant Inferred mineral resources(of 14.376.000 tonnes) grading 0.42% V2O5(www.apellaresources.com)."; NEVADO aims having a National Instrument 43-101 compliant technical report on the mineral resources of the Farrell-Taylor Occurrence in the near term - Dec 20, 2011
www.marketwire.com/press-release/nevado-drill-core-samples-f…

[Popeye82]

Blackline GPS - North American Transportation Leader Plycon to Implement Blackline Logistics +Customer Service Solution, consistently ranks among America's best transporters of fine furniture +automobiles worldwide; Dean Pliaconis: "Our goal is to grow our business by servicing the needs of our customers +simplifying complicated tasks. By allowing our customers to receive real time information through the Progress system, we feel that will provide a meaningful benefit, whether you're moving your household or your prized automobile" - Dec 20, 2011
www.marketwire.com/press-release/north-american-transportati…

[Popeye82]

IBM will künftig Gedanken lesen ; Der US-Technologiekonzern IBM hat Geräte zum Gedankenlesen bis spätestens ´17 angekündigt. Die klassische Wunschvorstellung von Science-Fiction-Liebhabern, Gedanken zu entziffern, werde schon bald Realität sein, heißt es in einem technologischen Fünf-Jahres-Plan, den der Konzern in San Francisco vorstellte - W, SAN FRANCISCO - Dec 20, 2011
http://web.de/magazine/digitale-welt/computer/14376166-ibm-k…

[Popeye82]

Quantum Rare Earth Developments - Cites ´11 Niobium Drill Results in Nebraska as Key Milestone +Announces Preliminary Niobium Economic Assessment Planned for ´12; "aims to be" the solution for America's strategic +critical niobium needs for the domestic steel +aviation industry by developing one of the richest niobium deposits in the world +the only significant deposit in America - Dec 20, 2011

´11 Highlights

March ´11

+ Release of a National Instrument 43-101 Standards of Disclosure for Mineral Projects("NI 43-101") resource report on the Elk Creek Project, showing an inferred resource of 80.100.000 tonnes grading 0.62% Nb2O5(containing an estimated 493.000.000 kilograms of Nb2O5.(See news release dated April 28, ´11 for more information)


April ´11

+ Commencement of 1st drill program @Elk Creek Project in >25 years


July ´11

+ Announcement of Niobium zone drill results, with NEC11-01 targeting an infill zone where the NI 43-101 report on the Elk Creek Project previously did not have any credits toward the total resource. Grades reported were 235 meters of 0.73% Nb2O5, including 54 meters grading 1.17% Nb2O5(see news release of July 27, ´11 for more information)


August ´11

+ Announcement of additional niobium zone drill results, including NEC 11-002 which graded 179 meters of 0.87% Nb2O5, including 131 meters grading 1.02% Nb2O5(See news release dated August 16, ´11 for more information); and

+ Signing of metallurgical testing agreement with Hazen Research Inc.("Hazen" ) to test niobium recoveries from recently drilled core


September ´11

+ Announcement of drill results from Rare Earth zone(located 2.5 kilometers east of niobium zone @Elk Creek Project), including NEC 11-004 returning 236 meters grading 2.1% TREO*, including 68 meters grading 3.32% *TREO(See news release dated September 20, ´11 for more information)


November ´11

+ Completion of option agreements divesting Australian +Ontario properties, furthering the Company's ability to concentrate on Elk Creek Project


December ´11

+ Successful completion of $750,000 financing for advancement of the Elk Creek Project



Looking forward to ´12, Mr. Dickie advised shareholders of several key milestones the Company is aiming to complete, including:

+ receipt of metallurgical testing results from Hazen;

+ engagement of an outside engineering firm to complete an updated resource calculation +preliminary economic assessment work on the niobium deposit;

+ additional infill drilling to elevate the deposit towards the indicated +measured category;

+ further discussions with potential off-take or strategic partners to accelerate development of the Elk Creek Project; +

+ enhancement of the technical management team overseeing the Elk Creek Project. ...
www.marketwire.com/press-release/quantum-cites-2011-niobium-…

[Popeye82]

Century Iron Mines - Announces the Execution of Definitive Joint Venture Agreements With WISCO Resources, WISCO Group is 286th in the list of Forbes Global 500 +is the 3rd largest steel producer in China. The WISCO Group is one of the "big three" Chinese state-owned integrated iron +steel groups. In ´10, the WISCO Group had an annual output of 36.000.000 tonnes of steel, for Its Attikamagen +Sunny Lake Projects; Formation of JVs under the JV Agreements +initial fundings will be subject to various conditions precedent which Century anticipates will be satisfied over the next two to four months. Execution of the joint venture agreement for the Duncan Lake project remains subject to completion of WISCO Resources' internal processes. In aggregate, WISCO Resources will invest a total of $120.000.000 in exchange for a 40% interest in each of the three projects; S. Chim: "The execution of these 1st initial joint venture agreements marks another milestone in a process that was initiated in January ´11. The past twelve months has seen Century initiate its relationship with WISCO Resources as its strategic partner, raise >$100.000.000 in equity financing, list on the Toronto Stock Exchange +now conclude these initial two joint venture agreements as part of an additional $120.000.000 in JV funding for Century's projects. We look forward to continuing the exploration of the Duncan Lake, Attikamagen +Sunny Lake projects with WISCO Resources as our key strategic partner under the joint ventures" - Dec 19, 2011
www.marketwire.com/press-release/century-iron-mines-announce…

[Popeye82]

Explor Resources - Reports Initial NI 43-101 Resource: 127.000 Indicated Au oz @5.13 g/t +704.000 Inferred Au oz @3.97 g/t - Dec 5, 2011
http://explorresources.com/_resources/news/nr_2011_12_05.pdf

[Popeye82]

Soltoro - Reports NI 43-101 Compliant 77.400.000 Ounce in Pit Silver Resource, @the El Rayo Primary Silver Deposit in Jalisco, Mexico; To date the Company has only tested a 600 metre section of the La Soledad structure where an associated series of airborne magnetic anomalies has been traced for >six kilometres . The current resource does not include any estimate for the La Catarina mine area where seven holes were recently completed to confirm a historic resource - Dec 20, 2011
http://finance.yahoo.com/news/soltoro-reports-ni-43-101-1412…

[Popeye82]

Luna Gold - Announces Major Resource Update, @Aurizona; Measured +Indicated gold resources now total 78.000.000 tonnes @1.26 g/t Au or 3.170.000 ounces gold, an increase of 250% from the previous ´09 resource estimate, Inferred gold resources now total 15.200.000 tonnes @1.47 g/t Au or 720.000 ounces gold, an increase of 79% from the ´09 estimate - Dec 8, 2011
www.lunagold.com/s/NewsReleases.asp?ReportID=495230

[Popeye82]

Goldgroup Mining - Announces Updated Mineral Resource Estimate, on the San José de Gracia Project: 5.813.000 tonnes @5.16g/t Au, 10.26g/t Ag, 0.21% Cu &0.16% Zn, for 963.000 ounces gold, 1.917.000 ounces silver +byproducts I/I - Nov 23, 2011
www.goldgroupmining.com/i/pdf/nr/2011/2011-11-23_NR.pdf

[Popeye82]

Klondex Mines - Appoints Veteran Geologist Ted Wilton as V.P.; has >40 years of exploration experience, including 25 years focused on gold exploration, of which 10 years were in Nevada. Mr. Wilton has worked for some of the world’s leading gold exploration +mining companies including Freeport McMoRan, Minorco USA/Independence Mining, Kinross Gold, Queenstake Resources USA, Granges US(now Vista Gold) +most recently, Victoria Gold. Ted helped discover seven ore deposits with >16.000.000 ounces of gold that were developed into mines in northern Nevada +in the Eastern Goldfields region of Western Australia, as well as three gold deposits awaiting development - Dec 20, 2011
www.klondexmines.com/index.php/admin/209-nevada-gold-explore…

[Popeye82]

Waratah Gold - Granted Gabon License; located immediately adjacent to the Company’s flagship asset, the Youkou Exploration Licence in the Republic of Congo(“ROC”); will work on both license areas, maintaining respect for the requirements of the governments of both Gabon +ROC, as the Company seeks to define an iron ore resource in ´12 +in the longer term, to work toward the development a world-class DSO asset that benefits both countries; W. W.: "This is a major development for Waratah. Our geological mapping to date indicates that the potential strike zone of the iron ore prospective geology crosses between Gabon +the ROC . With the granting of the Permit, Waratah has secured the remaining part of the likely project area, providing ownership on both sides of the Gabon/ROC border +doubling the exploration area to a total of 2,100 km2. We are currently completing the vehicle route to Youkou +have contracted a helicopter in ROC assisting with moving the drilling rigs. Waratah is eager to commence drilling as soon as possible on the new tenure as it presents drill-ready targets" - Dec 21, 2011
http://stocknessmonster.com/news-item?S=WGO&E=ASX&N=572157

[Popeye82]

Peak Resources - New Rare Earth, Niobium-Tantalum +Phosphate Intersections; maiden rare earth resource is scheduled for completion by the end of the 1st quarter ´12 - Dec 21, 2011

Rare Earth Mineralisation

+ Intersection highlights received from five new holes within the Southern Rare Earth Zone include:

- NRC116: 100m @3.65% REO from surface to EOH
including 66m @4.39% from 24m

- NRC117: 120m @3.38% REO from surface to EOH
including 14m @5.33% REO from 38m +
38m @4.75% REO from 68m

- NRC120: 84m @3.07% REO from surface to EOH
including 18m @6.04% REO from 66m to EOH


+ Reconnaissance RC drill hole NRC121 within the Northern Zone returned 52m @1.33% REO from 20m. This hole is located 860m north east of existing bedrock intersections in the Southern Rare Earth Zone +suggests the potential to significantly extend the known rare earth mineralisation to the north.


Northern Zone Niobium – Tantalum +Phosphate Mineralisation

+ The 1st assay results from the Northern Zone have now been received +returned encouraging grades of niobium – tantalum +phosphate in addition to the rare earth mineralisation reported above:

- NRC121: 74m @0.56% Nb2O5 +171ppm Ta2O5 from surface
including: 26m @0.91% Nb2O5 +239ppm Ta2O5 from surface +
64m @19.7% phosphate from 10m

- NRC122: 22m @0.55% Nb2O5 +210ppm Ta2O5 from surface
including: 6m @1.06% Nb2O5 +403ppm Ta2O5 from 10m +
14m @22.4% phosphate from surface

- NRC123: 14m @17.4% phosphate from surface


+ The grade +near surface nature of assay results from the 1st three holes from the Northern Zone are encouraging +the Company looks forward to the results from the remaining 23 holes of the reconnaissance program. ...
http://stocknessmonster.com/news-item?S=PEK&E=ASX&N=572150

[Popeye82]

Salmon River Resources - Signs Memorandum of Understanding with Chinese Steel Producer, Providing Financing +Off-Take Private Placement for up to C$1.500.000 Announced; has signed a non-binding Memorandum of Understanding(the “MOU” ) with General Steel Holdings Inc., a company listed on the New York Stock Exchange,(“General Steel”, NYSE:GSI) for itself +on behalf of certain subsidiaries +affiliates(together, the “GS Group”) regarding rights to purchase part of any future iron ore production from properties currently under option to +/or to be acquired by Salmon River(the “Off-Take”) +to provide assistance to Salmon River in raising up to C$110.000.000 in private placement financings as well as committing to fund future capital expenditures +other development costs. The MOU is intended to lay the groundwork for Salmon River to fund the exercise of its exclusive option to acquire 100% of Treppo Grande Iron Pty Ltd.(“Treppo Grande”) +to fund future development costs of the Treppo Grande iron ore project(the “Treppo Grande Project” ). Under the MOU terms, the GS Group has also committed to fund future capital requirements as well as provide project management +co-ordination services to the Company in return for compensation equal to up to a 51% profit interest in the Treppo Grande Project, on terms to be mutually agreed in the final definitive agreements; In return for providing financing +management assistance outlined herein, the GS Group will be granted a right to acquire(i) up to 2.000.000 tonnes/annum of Hematite ore production from the properties acquired by Salmon River under the Treppo Grande Option or other properties acquired by Salmon River in the future, @95% of prevailing market prices once production has commenced; plus(ii) marketing rights to 40% of the Hematite ore production >2.000.000 tonnes/annum generated from such properties. It should be noted that the Treppo Grande Project is not currently in production nor has a mineral resource been estimated for the Project. There is no assurance that a commercially viable mineral resource will be found or that the Treppo Grande Project will attain commercial production; GS Group has also agreed to 100% of ALL future capital costs for the development of the Treppo Grande Project +up to C$50.000.000 for other strategic initiatives being explored by Salmon River; Assuming completion of these arrangements, Salmon River will have raised gross proceeds of C$110.000.000 for exercise of the Treppo Grande Option +for working capital +funding development of the Treppo Grande Project +will have also secured funding for ALL of its FUTURE capital expenditure requirements in connection with the Treppo Grande Property ; D. Betts: "The signing of the MOU with GS Group is a significant step in the development of Salmon River +the Treppo Grande iron ore project. With these arrangements with the GS Group, Salmon River is developing significant mutual beneficial relationships with major Chinese stakeholders, which provides for the Company’s current +future funding requirements +also delivers security of supply to our new Chinese
partners from the highly prospective Australian Yilgarn Craton iron ore formations. We intend to move quickly to exercise the Treppo Grande Option +to develop this significant asset +its potential value with our Chinese partners", Yu Zuo Sheng: "We are delighted to become involved with Salmon River +in its exciting Treppo Grande Project. This arrangement, we believe, has potential to generate significant benefits to our mutual public shareholders. This partnership with Salmon River is in-line with General Steel’s on-going efforts to expand profit margins by securing a steady supply of raw materials @competitive price. General Steel’s long-term strategy seeks to establish close relationships with overseas iron ore miners that will grant us high quality iron ore resources +place us in an advantageous position as we strive to meet the robust demand for steel production in China's western regions"; Salmon River will provide additional updates as the MOU is implemented, full contents of the MOU remains subject to current commercial confidentiality - Nov 4, 2011
www.salmonriverresources.com/i/pdf/2011-11-04_NR.pdf



Salmon River Resources Ltd.: Initial Resource Estimate for the Mt. Manning North(E77/1209) Iron Ore Deposit; D. Betts: "This initial resource estimate for the Mt. Manning North iron ore project is a validation of the company's belief in the potential for massive iron ore deposits within our Treppo Grande ore tenements. We are confident that the future exploration work will further delineate the potential for both magnetite +DSO hematite +expand the size +quality of the BIF-hosted iron ore resources" - Dec 20, 2011

+ An initial mineral resource estimate for the Mt. Manning North iron ore deposit comprises 124.000.000 tonnes @25.4% iron(Fe). This is an Inferred Mineral Resource estimate prepared in accordance with the NI 43-101 disclosure standards.

+ Modelling +estimation for Fe concentrate is currently being undertaken +initial findings shows excellent potential for producing a saleable concentrate.

+ Reported Resource covers only about 4% of the ~60km total strike length of the BIF structures present within Treppo Grande iron ore tenements that have the potential to host both magnetite +hematite iron ore mineralization; +remains open along strike +@depth, which has been indicated by the recently-completed drilling program as well as previous ground +airborne +magnetic surveys.

+ Detailed resource definition drilling is planned in ´12. ...
www.marketwire.com/press-release/salmon-river-resources-ltd-…
http://media3.marketwire.com/docs/SAL_Figs_123.pdf

[Popeye82]

Mining Summary - LC - Dec 21, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Cyclone Power Technologies - Signs Agreement to Acquire Military Licensee, Advent Power Systems, +Become Prime Contractor with U.S. Army / DOD; acquisition is subject to standard closing conditions, +is expected to close in the 1st quarter of ´12; Dr. Myers: "I’m very pleased to be joining forces more closely with Cyclone, a company that I’ve worked with +respected immensely over the last five years. I believe that this transaction will be highly beneficial to the successful completion of our U.S. Army contract, +will help attract new customers +strategic partners to Cyclone’s revolutionary engine technology", C Nelson: "The acquisition of Advent is an important financial +strategic development for Cyclone. With this purchase we will generate increased revenue from our current contract, +going forward, we will be able to pursue direct contracts with the military. Moreover, bringing on Dr. Myers +his talented team of advisors to help secure additional awards is a big plus. We look forward to working side-by-side with them in the year ahead" - Dec 21, 2011
http://finance.yahoo.com/news/Cyclone-Power-Technologies-bw-…

[Popeye82]

Mining Summary - LC - Dec 22, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

East Coast Eyes Austrian Lithium Riches - TP - Dec 4, 2011
www.eastcoastminerals.com.au/framework/documents/displaydocu…

[Popeye82]

First Bauxite - Announces Signing Letter of Intent to Enter Into Its 1st Sintered Bauxite Supply Off-Take Agreement - Dec 22, 2011
www.marketwire.com/press-release/first-bauxite-corporation-a…

[Popeye82]

Mining Summary - LC - Dec 23, 2011
http://minesite.com/media/pub/var/release_downloadable_file/…

[Popeye82]

Wildcat Silver - Announces Project Update +Drill Results; expects to issue updated resource estimate +preliminary economic assessment in "early ´12" - Dec 21, 2011

HL

+ HDS-214, located in the east central portion of the Hermosa ore body, demonstrates significant silver +manganese mineralization. This hole encountered three intervals with the upper interval returning 9.1 metres of 395.2 g/t silver, 8.46% manganese, 0.15% zinc, 2.96% lead +0.22% copper.

+ HDS-216, also located in the east central portion of the Hermosa ore body, returned 10.7 metres of 310.0 g/t silver, 10.81% manganese, 0.17% zinc, 4.36% lead +0.19% copper.

+ HDS-203, located in the northeast central portion of the Hermosa ore body, encountered three intervals of mineralization. The middle zone returned an extensive interval of 35.1 metres of 160.4 g/t silver, 12.45% manganese, 4.52% zinc, 2.79% lead +0.26% copper.

+ Company continues to drill on the Hermosa property +remains focused on expanding the size +upgrading the quality of the current resource. Wildcat's current cash position remains strong +the Company expects it will be sufficient to fund its planned activities through ´12. ...
http://finance.yahoo.com/news/Wildcat-Announces-Project-cnw-…

[Popeye82]

Celamin Holdings NL - Updated Schedule for Acquisition of Celamin Limited - Dec 23, 2011
http://stocknessmonster.com/news-item?S=CNL&E=ASX&N=367470

[Popeye82]

Scandinavian Resources - Completion of Acquisition - Dec 2, 2011

+ strategy is to ‘incubate’ a highly prospective portfolio of iron, gold, PGE +base metals projects in Scandinavia(primarily Sweden +Norway).

+ General Manager Mrs Christina Lundmark was previously Head of Division Mineral Information for the Geological Survey of Sweden in Malå, Sweden.

+ Technical Director Mr. Olof Forslund was previously Regional Manager of the Geological Survey of Sweden’s Mineral Resources Information Office in Malå, Sweden.

+ is one of the largest landholders(by area) of minerals exploration projects in Sweden +one of the largest landholders in the world class Kiruna IOCG District .

+ flagship Kiruna iron Project is 30km from the 2.000.000.000t Kiruna iron mine(owned by LKAB) –the world’s largest +most modern underground iron mine .

+ global investment banks Canaccord Genuity +Pareto Securities have been mandated to assist with the future funding of the Kiruna Iron Project.

+ ‘pipeline’ of projects cover gold, copper-gold +lead-zinc prospects in Sweden +Norway. ...
http://stocknessmonster.com/news-item?S=SCR&E=ASX&N=570076



Kiruna Iron -Renhagen Iron Results; resource modelling of the deposit is in progress with results expected in early January ´12 - Dec 22, 2011

Iron assays returned from Renhagen Project

- 20.81m @39.24% Fe from 115.29m(REN11001)
- 154.68m @20.84% Fe from 14.50m(REN11002)
- 86.98m @19.36% Fe from 24.70m(REN11003)
- 55.59m @21.78% Fe from 35.24m(REN11004)
- 50.55m @33.29% Fe from 98.28m(REN11005)


Wildcat hole intercepts iron ore

- 15.75m @32.92% Fe from 30.50m(REN11007)
- 16.50m @34.24% Fe from 52.65m(REN11007)


Low grade copper mineralisation also intersected @Renhagen

- 5.89m @0.23% Cu from 126.61m(REN11002) ...
http://stocknessmonster.com/news-item?S=SCR&E=ASX&N=572434

[Popeye82]

Energizer Resources - Identifies 2nd Strategic Mineral +Completes Reconnaissance Exploration Program - Dec 22, 2011
www.energizerresources.com/index.php?option=com_content&view…

[Popeye82]

Pacific Wildcat Resources - Diamond Drilling Confirms Depth Potential for Mineralisation, @Mrima Hill; Section1(A - A') running N-S through the deposit indicates that a weathered zone of saprolite,(which includes saprolitic clays, soil +saprock) prospective for Niobium(Figure2) +Rare Earth mineralisation(Figure 3), has been identified to a depth of between 70 +>125m from the surface, Section2(B - B') running SW-NE through the deposit indicates that a weathered zone of saprolite, prospective for Niobium(Figure4) +Rare Earth mineralization(Figure5), has been identified to a depth of between 25 +>140m from the surface; D. Townsend: "The completion of this geological logging of the diamond core is a watershed moment as it shows the significant depth potential of the mineralisation @Mrima Hill. We look forward to receiving the results from the residual 784 metres of diamond core which is currently in transit from Kenya to the laboratory in Perth" - Dec 22, 2011
www.marketwire.com/press-release/pacific-wildcat-resources-c…
http://media3.marketwire.com/docs/paw1222.pdf

[Popeye82]

Save The World Air - Signs Letter of Intent to Commercialize Oil Pipeline Efficiency Technology in China; ; Company Milestone Marks Interest From Chinese Government +One of the Largest Energy Companies in China; In accordance with the terms of the Letter of Intent(LOI), STWA remains the worldwide exclusive holder of all intellectual property related to AOT™. Nothing in the LOI transfers or assigns any right to AOT™ to TDC. TDC desires to license certain rights to STWA's AOT™ for the purpose of selling, distributing +commercializing AOT™ in China. Financial terms regarding licensing fees +charges for AOT™ installations for TDC's customers will be defined in separate agreements to be negotiated, Leading up to the execution of this LOI, TDC gained support for STWA's AOT™ from key stakeholders in the Chinese market +within its customer base. Founded in ´01, TDC has clients that are publicly listed companies servicing various industrial control systems throughout China. Its clients within the Chinese petroleum industry are a natural fit for the STWA AOT™ technology. TDC has received operational data from major customers regarding its oilfields including pipeline diameter measurements, total pipeline length, velocity, temperature +estimated AOT™ requirements; Recently, China released a working plan to boost energy efficiency nationwide. The plan, issued by the State Council, reiterates China's main goal to reduce energy consumption 16% by ´15; C.B. Kyte: "Key players in the China oil market have taken notice of AOT™ +our U.S. Department of Energy test results. TDC realizes the enormous favorable financial +environmental impacts AOT™ can have for China. We are very pleased with the efficiency with which our talks have progressed to date, leading to this Letter of Intent. TDC has shared with us that they have already had discussions with government officials +one of the largest energy companies in China regarding our technology . We anticipate continued productive discussions culminating in more substantive agreements", B. Simundson: "China is in a period of extreme growth, with thousands of kilometers of pipeline under construction +many more to come. The alliance with TDC is a prudent strategic benefit for both companies. Our Company holds technology that can vastly improve oil transport for China's explosive growth, +TDC provides us the proper channels +protection necessary for rapid +secure industry +governmental acceptance +deployment" - Dec 21, 2011
http://finance.yahoo.com/news/STWA-Signs-Letter-Intent-iw-19…

[Popeye82]

South American Ferro Metals - Announces Maiden JORC Resource of 230.600.000 t @44.52% Fe M/I/I @Ponto Verde Iron Ore Project, Brazil, Confirming World Class Deposit - Dec 23, 2011

+ PhaseI of the Resource Definition Programme has been completed on schedule @the Ponto Verde Iron Ore Project confirming a JORC-compliant resource of 230.600.000 tonnes @44.52% Fe with grade cut off of 30% Fe applied. This Resource includes a Measured +Indicated component of 60.600.000 t @41.61% Fe, underpinning SAFM’s expansion strategy to process up to 10.000.000 tonnes/annum for >20 years

+ The mineralisation remains open to the north, southeast +@depth, with additional new geological targets to the west.

+ This defined JORC Resource represents a 55% increase from the previous target of 149.100.000 t.

+ Improvement in overall grade to 44.52% Fe from 39.18% Fe.

+ PhaseII of the Resource Definition Programme will commence in 1st quarter of ´12 with the focus on upgrading the classification levels of some of the Resource as well as increasing the overall Resources. This Programme will include the drilling of some of the unexplored areas to the north, west, southeast +@depth.

+ Follows achievement of full production of 125,000 ROM tonnes/month(equivalent to the mining licence level of 1.500.000 ROM tonnes/year) in September ´11 ...
http://stocknessmonster.com/news-item?S=SFZ&E=ASX&N=572636

[Popeye82]

American Manganese - Pilot Plant Update +Year End Status Report; work has confirmed the technical viability of the Company's patent pending hydrometallurgical manganese extraction +electro-winning circuit on a semi-continuous operation basis of the overall flow sheet - Dec 21, 2011
www.marketwire.com/press-release/american-manganese-inc-pilo…
www.amydata.com/data/Powerpoint/Pilot%20Plant%20Photos%20Dec…

[Popeye82]

Perseus Mining - Resource Upgrade Edikan Gold Mine Ghana - Dec 22, 2011

+ 954.000oz increase in Measured +Indicated(“M&I” ) mineral resources, @EGM

+ M&I mineral resources @EGM now 143.900.000 t, containing 5.300.000 oz of gold

+ Perseus’s total M&I mineral resources increased to 184.500.000 t containing 6.700.000 oz of gold

+ Perseus’s total Inferred mineral resources increased 76.000oz to 76.900.000 t containing 2.300.000 oz of gold.

+ A maiden Resource estimate has been declared for the Bokitsi deposit

+ Drilling is continuing on deposits the subject of the upgrade, assays results for 50 holes pending

+ Revised reserve estimate based on the new resource models expected to be completed in March ´12. Perseus’s current Reserve base stands @3.900.000 oz of gold.

+ Esuajah North resource upgrade will be completed in March ´12 following completion of a large drilling program.

+ Further resource upgrades @EGM planned for ´12

+ Upcoming resource upgrade @Company’s Côte d’Ivoire projects planned for June Quarter ´12 ...
http://stocknessmonster.com/news-item?S=PRU&E=ASX&N=572604

[Popeye82]

Imagine Un - to acquire a significant Titanium Dioxide plant, in China - Dec 23, 2011
http://stocknessmonster.com/news-item?S=IUL&E=ASX&N=572610

[Popeye82]

Reward Minerals - Lake Disappointment Potash Project Update; has reached agreement with the Western Desert Lands Aboriginal Corporation(“WDLAC”) +the Martu people on terms +conditions of a Mining +Indigenous Land Use Agreement(ILUA) applicable to the development of the Lake Disappointment Potash Project by Reward; Agreement is conditional upon a definitive Heritage Survey to be undertaken in ´12 to ensure that the possibility of additional sites of significance within the lake work area has been addressed. WDLAC +Reward Minerals plan to conduct this survey as soon as practicable in the new year following the Law Business period. Assuming a satisfactory outcome of the survey(“Clearance”), Reward will commence the feasibility +production related aspects of the Lake Disappointment Project immediately thereafter - Dec 23, 2011
http://stocknessmonster.com/news-item?S=RWD&E=ASX&N=572769

[Popeye82]

An analysis of the economic impacts of the China 1st mine; The proposal by Waratah Coal to build one of the world's largest coal mines which will transport its coal through the Great Barrier Reef, in the middle of a mining boom, &@a time when the world is attempting to reduce greenhouse gasses has obviously not been without some controversy. However, despite the obvious social +environmental costs associated with such a mine being approved the widespread notion in some circles is that the economic benefits of the mine are so large that the costs are worth incurring - TAI - Dec 16, 2011

- Dr. Richard Denniss -
www.tai.org.au/index.php?q=node%2F19&pubid=939&act=display

[Popeye82]

Zitat von Popeye82: Automotive Technology Group - says today that its low emission, high fuel efficiency Sprintex(R) supercharger products have won two Global Media Awards last week, @the Specialty Equipment Market Association Las Vegas Show, the world's premier +largest automotive aftermarket event ;Sprintex(R) competed against >2,000 entries to win the awards, confirming the industry's approval for Sprintex(R) designs +products, >100 new dealers have expressed interest in selling - (R) products - Nov 10, 2011
www.stocknessmonster.com/news-item?S=ATJ&E=ASX&N=566080

Exclusive Distribution Agreement Signed, with China’s largest 4WD accessory supplier; S. Apedaile: "Following our good showing @the SEMA Show this year, demand for Sprintex supercharger systems, in particular the popular Jeep Wrangler, have been very strong. We look forward to working with Yunliang to provide our class-leading systems to the burgeoning Chinese market +then working with further distributors of Sprintex products across the globe"; currently commissioning a new assembly +manufacturing facility in Malaysia with initial capacity of producing 20.000 superchargers/annum. With commissioning underway +new products recently having been developed, Company is now focusing on sales +distribution - Dec 23, 2011

+ Sprintex has appointed Beijing Yunliang Shunda Trade Co. Limited(Yunliang) as its exclusive distributor of supercharger systems for 4WDs/SUVs in China.

+ Initial term of 36 months following completion of compliance testing.

+ Initial order for 25 supercharger systems, followed by a minimum of 10 supercharger systems/month from June ´12, increasing to a minimum of 20 supercharger systems/month from September ´12 representing a minimum of 655 supercharger systems with a retail value of ~$2.600.000 ...
http://stocknessmonster.com/news-item?S=SIX&E=ASX&N=572691