AU im Herz der Finsternis - EXPLORER drillen in Schwarzafrikanischen Loechern - 500 Beiträge pro Seite

[Tsuba]

Merrex Gold Inc.
================
TSX VENTURE: MXI


Sep 03, 2009 09:23 ET

Merrex 2009 Drilling Triples Strike Length of Area 55 at SiribayaHALIFAX, NOVA SCOTIA--(Marketwire - Sept. 3, 2009) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX VENTURE:MXI) announces assay results from the 2009 diamond drill program at its 100% owned Siribaya Gold Project in West Mali. The 2009 program of only 17 holes had many very significant gold intersections and tripled the strike length of the continuously mineralized zone at Area 55 at Zone 1B from 300 metres to approximately 900 metres. The mineralization is still open to the north, south and at depth.


Prior to the 2009 drill program, the mineralized zone of Area 55 along a 300 metre strike length drilled to a vertical depth of approx 250 metres had

a NI 43-101 resource estimate of 123,000 ounces Au Indicated (2,120,000 tonnes grading 1.81 g/t) and 319,000 ounces Au Inferred (5,700,000 tonnes grading 1.74 g/t).


Notes regarding Assay Highlights and Detailed Assay Tables:

a) all intersection lengths are core lengths, not true widths

,b) only intersections of one metre and longer with average gold grade of 1.0 g/t and higher are included,c)

intersections grading less than 1.0 g/t were excluded



See attached map of Zone 1B for highlights.

To view the map, please visit the following link:

http://media3.marketwire.com/docs/mximap903.pdf

Commentary

"Working in concert with IAMGOLD Corporation, Merrex has substantially completed its 2009 diamond drill program at Siribaya," said Gregory Isenor, President and CEO of Merrex Gold. "The 2009 program, which focused on Zone 1B south of Area 55, has convincingly demonstrated the high-grade potential of Zone 1B. We are especially pleased with the apparent width and high grades of the intersections and the large numbers of intersections in the drill holes. For example, hole #85 contains 15 mineralized intervals totalling 73.5 metres over a 237 metre hole length with one intersection of 5.37 g/t over 16 metres including 25.5 g/t over 1 metre, and hole #96 contains 13 mineralized intervals totalling 73 metres over a 236 metre hole length including one intersection of 8.45 g/t over 3 metres including 21.1 g/t over 1 metre. These holes with long sections of mineralization illustrate the excellent open pit potential. While considerable additional interpretation is required, early interpretation indicates that the continuity of mineralization within Zone 1B has been tripled from 300 metres to approximately 900 metres along strike and, because Zone 1B remains open to the north, south and at depth, there remains excellent opportunity for continued expansion of the gold resource. We believe we can confidently state that the two objectives of the program, i.e. increasing the economic potential of Zone 1B and improving our understanding of the geometry of the structure, have been accomplished. Our exploration team is continuing with the detailed interpretation and planning for the next drill program."

About the Siribaya Gold Project

Merrex controls 100% of the Siribaya Gold Project which comprises over 700 square kilometres of exploration permits in West Mali, with additional permits pending.

Prior to the 2009 drill program, a gold deposit with an initial NI 43-101 resource estimate of 123,000 ounces Au Indicated (2,120,000 tonnes grading 1.81 g/t) and a further 319,000 ounces Au Inferred (5,700,000 tonnes grading 1.74 g/t) had been established (ACA Howe, January 31, 2009, see press release Feb 10, 2009). That initial estimate was based upon approximately 300 metres of strike length within Zone 1B which remained open along strike and at depth. The Siribaya Structure, which is approximately 10 kilometres long, has yielded ore-grade drill intercepts at numerous locations along the entire length.

From 2005 to the end of 2008 Merrex invested over $8,000,000 in exploration at Siribaya.

On December 19, 2008 Merrex closed an Option Agreement with IAMGOLD Corporation pursuant to which IAMGOLD may incur up to CDN$10.5 million in exploration expenditures over 4 years to earn a 50% interest in the Siribaya Gold Project, of which $3.0 million is being spent on the 2009 exploration program.

2009 Program Details

The 2009 diamond drill program comprised 17 holes totalling 4,707 metres to target depths of 200 - 250 metres. Drilling was focused on the Siribaya Structure, primarily in the region south of Zone 1B's Area 55 (with one fence of three holes drilled to the north of Area 55) filling in a gap of approximately 500 metres along strike between fences drilled in prior programs in the north of Zone 1B at Area 55 and holes drilled at the very south of Zone 1B.

Holes SR-DD-09-80 to 92, which were drilled with a West azimuth and a dip angle of 55 degrees, were designed to establish the continuity of gold mineralization and increase the known resource within the central part of Zone 1B and to test the North and South extension of the Zone. Holes SR-DD-09-81, 82, 83, 85, and 88 returned strong gold intersections in the central part of the Zone and Hole SR-DD-09-89 cut two good intersections on South extension of the Zone (see Detailed Assay Table below).

Holes SR-DD-09-93 to 96, which were drilled with an East azimuth and dip angles of 50 to 60 degrees, were designed as scissor holes to test the geometrical interpretation of Zone 1B on drill sections of previous campaigns. Numerous strong intersections have also been cut in these holes (see Detailed Assay Table below).

[Tsuba]

Business Day vom 10.09.2009


Harmony to buy President Steyn as Pamodzi misses funding deadline

Published: 2009/09/10 06:28:09 AM


HARMONY Gold announced yesterday that it had finalised a deal to buy embattled gold junior Pamodzi Gold ’s President Steyn mine in Free State for R405m, ending months of uncertainty for suppliers and thousands of workers at the mine.





The purchase came after Pamodzi failed to meet the liquidators’ deadline to raise R11m needed to recapitalise its Free State asset and block Harmony’s bid.



Harmony, which had been negotiating with Pamodzi’s liquidators since April, put on hold its bid to buy the President Steyn mine about two weeks ago after Pamodzi announced that it had managed to mobilise funding from the China Africa Development Fund.





Harmony said that the liquidators, the secured creditor the Industrial Development Corporation, the National Union of Mineworkers and Solidarity had opposed the proposed recapitalisation of Pamodzi.



“We are of the view that Harmony has offered a fair price and that, when implemented, Harmony’s acquisition of the assets of Pamodzi Gold Free State will provide a sustainable, long-term future for the relevant stakeholders in the Free State. We have acted in good faith throughout the negotiation process,” Harmony CEO Graham Briggs said.





“These parties have confirmed that they support Harmony’s acquisition and are of the view that it is the most suitable option available to stakeholders generally.”



The cash-strapped Pamodzi has struggled for a year to raise enough new debt to recapitalise its mines and make them profitable.



Three of its four mining businesses — Orkney in North West, Free State and East — were consequently put into provisional liquidation. Black empowerment company Aurora has made a successful R215m bid for Orkney.





Trade union Solidarity yesterday welcomed Harmony’s move, and repeated its call for a forensic investigation into Pamodzi’s financial affairs.



“Solidarity and its members are relieved Harmony signed the purchase agreement yesterday, which determines that Harmony will now take over the President Steyn mine. This ends months of uncertainty,” said Gideon du Plessis, Solidarity’s deputy general secretary.



He said Pamodzi had repeatedly created false hopes of raising the required funds but could not put down the R11m needed for the mine’s basic monthly maintenance.

[Tsuba]

Im Herz der Finsternis


Die AU Mine President Steyn ist alles andere

als ein Explorer.

Aber es ist die Aorta im Herz der Finsternis.

THISTLE war mein persoenliches AU_Invest_Stalingrad.


Fuer HAR ist Pres. Steyn ein Juwel, AU Reserven

in unvorstellbarem Umfang mit high grade.

Steyn grenzt unmittelbar an vorhandene HAR_Minen.


Die moderate Bewertung von HAR ist allein und mit Grund

der Lage in SA geschuldet; sowas nennt man Laenderrisiko.


HAR weiss das und formt ein 2. Bein in Austral_Pacific.




Tsuba

[Tsuba]

CDE Cooeur d´Alene hat zwar nichts mit Afrika zu tuen;

man war dort aber lange in Finsternis


die letzten Tage ist jetzt Ascension angesagt


Tsuba




Quelle EMFIS 16-09.2009

Coeur d'Alene sieht sich endgültig auf dem richtigen Weg

Mittwoch 16. September 2009, 11:15 Uhr

Stuttgart (www.rohstoffe-go.de [Link 1])

Nach mehr als einem Jahrzehnt sowohl rechtlicher als auch finanzieller Schwierigkeiten kann Coeur d'Alene Mines (NYSE: CDE - Nachrichten) endlich die Auswirkungen hoher Edelmetallpreise genießen, die Früchte des finanziellen Turnarounds ernten und die Entwicklung der Kensington-Mine abschließen.

Wenn es nach Dennis Wheeler, CEO von Coeur d'Alene Mines (WKN A0RNL2), geht, wird die Finanz. und Wirtschaftskrise immer mehr Investoren dazu bringen, sich dem sicheren Hafen der Edelmtealle zuzuwenden.




Auf dem Denver Gold Forum erklärte Wheeler, dass er der Ansicht sei, dass die Welt sich derzeit im Gefolge eines weltweiten Finanzsturms befinde, dessen Nachwehen ein goldenes Zeitalter für die Edelmetalle, Gold, aber insbesondere auch Silber, eingeläutet habe.

Von den USA über Europa bis nach China würden die Anleger nach Stabilität und nach Schutz vor den horrenden Staatsverschuldungen sowie vor drohendem Inflationsdruck suchen und sich dabei mehr und mehr den Edelmetallen wie Gold und Silber zuwenden. Ein besonderer Fokus liege dabei auf Silber, den der Silberpreis habe mit einem Anstieg von mehr als 50 Prozent im laufenden Jahr die Performance des Goldpreises im Verhältnis drei zu eins übertroffen. Erst diese Woche durchbrach der Silberpreis die Marke von 17 US-Dollar je Unze.

Wheeler erwartet eine anhaltenden Stärke des Silber- und des Goldpreises, die seinem Unternehmen 23 Million Dollar zusätzlichen jährlichen Cashflow beschere und zwar für jeden Dollar, den der Silberpreis steige.

In den 1990ern erlebte Coeur DAlene eine finanzielle Krise, die beinahe das Aus für den Konzern bedeutet hätte, während man bis vor den Obersten Gerichtshof der USA zog, um die Genehmigung für den Abraum des Kensington-Projekts zu erhalten. Wie Experten anmerken, habe Coeur diesen Rechtsstreit ohne jegliche Hilfe anderer US-Minenfirmen ausgefochten, obwohl dieser Erfolg für die gesamte Branche in den USA für Bedeutung gewesen sei.

Nachdem Coeur in den 1990ern also knapp vor der Insolvenz stand, konnte Wheeler das Unternehmen in der Folge in einen international tätigen Minenkonzern umwandeln, der über mehr Reserven als jemals zuvor in seiner Geschichte verfügt und dessen Produktion um 20 Prozent auf 16 Millionen Unzen pro Jahr steigen sollte.

Wie Wheeler weiter erläuterte, werde die Kensington-Goldmine in Alaska nun endlich Ende des kommenden Jahres in Produktion gehen und noch im vierten Quartal 2009 werde man wohl neue Reserven auf der Silber- und Goldmine Palmarejo in Mexiko bekannt geben können.

[Tsuba]

Antwort auf Beitrag Nr.: 37.912.706 von Tsuba am 03.09.09 17:24:48

MERREX GOLD INC.


NEWS RELEASE


September 16, 2009 Trading Symbol: TSX-V: MXI
_____________________________________________________________


Merrex Completes Siribaya Airborne Survey
____________________________________________________________
HALIFAX, NOVA SCOTIA -- ( Marketwire – September 16, 2009 ) -

Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX Venture:MXI) announces:


AIRBORNE GEOPHYSICAL SURVEY DATA COLLECTION COMPLETED


Merrex announces that the data collection portion of the airborne magnetic survey of its Siribaya Gold Project in west Mali has been completed. The detailed airborne magnetic/radiometric geophysical program covered the entirety of the over 700 square kilometres land package of the Siribaya Gold Project.


The airborne survey conducted by Xcalibur Airborne Geophysics of South Africa was completed at 22,785 line-kilometres with 50 metre flight line spacing.

Using the known resource at Area 55 of Zone 1B as a control, the airborne geophysical survey data will be used to identify extensions of known structures, assist future drill target selection around Siribaya’s Zone 1B NI 43-101 resource area and aid prioritization of satellite target areas which were identified by prior surface and termite mound geochemical surveys and RAB drilling.


The data will be sent to Paterson, Grant & Watson Limited of Toronto for quality control and further enhancements. The enhanced data will be analyzed by Merrex and IAMGOLD technical personnel and further announcements will be made after the analysis is complete.


Merrex controls 100% of the Siribaya Gold Project which comprises over 700 square kilometres of exploration permits in West Mali, with additional permits pending.

IAMGOLD has an option to acquire a 50% interest in the Siribaya Gold Project by incurring up to CDN$10.5 million in exploration expenditures over 4 years to earn a 50% interest in the Siribaya Gold Project, of which $3.0 million is being spent on the 2009 exploration program.


The 2009 exploration program for the Siribaya Gold Project is managed jointly by a Merrex and IAMGOLD Corporation technical committee. Merrex is the program Operator.


Merrex’s principal projects are its Siribaya Gold Project in Mali (West Africa), an advanced exploration project with an initial NI 43-101 resource estimate and the Jubilee Zinc Deposit in Cape Breton, Nova Scotia, also with a NI 43-101 resource estimate.


Merrex Gold is a mineral resource exploration company focusing on gold exploration in West Mali, western Turkey and in the Red Lake area of Ontario and zinc exploration in Cape Breton, Nova Scotia. Merrex has a solid organization of people and projects enabling aggressive exploration, discovery and growth.

[Tsuba]

die Birne


20.09.2009

IWF verkuendet:


"....bis zu 403,3 Tonnen aus seinen Goldreserven abzustoßen. Das entspricht rund einem Achtel des Bestands.

Die Erlöse aus dem Verkauf sollen in sicheren, verzinsten Wertpapieren angelegt werden."






Si, si dies nicht das Herz der Finsternis ist?


wie ging das noch: Wer ein Licht hat,

der stellt es nicht unter den Scheffel.


Und was ist mit denen, oohh, welche weiche Birne haben?



Kochen die alle Birnenkompott, ooh?



Good mooooorning, ....



Tsuba

[Tsuba]

Es tut sich was im Binger Loch


CUI.V

CURRIE ROSE RESOURCES INC.

Canada Kurs 0,15 plus 0,0250 =20,83% um 19 Uhr MEZ


Mary Roos exploriert in Tanzania;

haben die letzten Tage ein Private Placement "geschafft"

seitdem schwingt sie sich taeglich vor Freude von Ast zu Ast.

Tsuba

30.09.2009

[Tsuba]

Trenching ist weniger als Drilling

Genannten Gehalte sind mit Vorsicht zu geniessen

Tsuba




AXMIN Inc.

Recent Trenching Results in Senegal Include 10 Metres at 4.41 g/t Au Within an Interval of 78 Metres at 0.89 g/t Au


Press Release

Source: AXMIN Inc.

On Friday October 2, 2009, 10:31 am EDT


TORONTO, ONTARIO--(Marketwire - 10/02/09) - AXMIN Inc. (TSX-V:AXM - News) is pleased to announce exploration results carried out in Senegal by its joint venture partner and operator, Minerals Deposits Limited (TSX:MDM - News) ("MDL"), completed as part of its earn-in program on AXMIN's wholly owned gold exploration permits, Soukounkou, Heramakono and Sabodala NW.

In early 2009, MDL carried out a compilation, interpretation and field reconnaissance program encompassing the most promising areas delineated during AXMIN's original exploration campaign. Following this work, MDL completed a program of sixteen trenches for a total of 4,296 metres on the Soukounkou licence. All trenches targeted surface geochemical gold anomalies and extensions of known mineralised zones.

All trenches were dug well into the saprolitic-bedrock and were on average 2-3 metres deep with some of the early trenches being dug to depths of up to 4 metres.

All trenches were mapped and channel sampled towards the bottom of each trench. Overburden gravels and laterite materials were selectively sampled to investigate the geochemical dispersion in the regolith profile. A total of 3,921 (inclusive of quality control samples) samples were submitted to SGS laboratories in Kayes, Mali for fire assay gold determination.

Approximately 50% of the results have been received and plotted at this stage.


Significant results to date include a 78 metre interval grading 0.89 g/t Au inclusive of a smaller interval of 10 metres grading 4.41 g/t Au.

These values were calculated from results where high gold values were cut to 17.47 g/t Au (Mean plus 2 standard Deviations).


�

Saprolite Samples in Trench DAT003
---------------------------------------------------------
From (m) To (m) Uncut Interval Cut Interval
---------------------------------------------------------
456 534 78 m @ 1.71 g/t Au 78 m @ 0.89 g/t Au
502 512 10 m @ 10.84 g/t 10 m @ 4.41 g/t Au
---------------------------------------------------------

Mean (uncut) 1.71 g/t Au
Standard Dev 7.88 g/t Au
Top Cut-off 17.47 g/t Au Mean+2 Standard Deviations


This interval relates to zone of quartz-feldspar porphyry ("QFP") dikes and associated minor quartz veinlets in a package of Birimian aged sediments which extend for almost 10 kms in a NNE direction. These QFP seem to be related to a series of gold in soil anomalies stretching in the same direction. The structure is located underneath an extensive surface gold anomaly developed in lateritic soils. These results are significant as they indicate a wide zone of primary gold mineralisation underneath complex and transported overburden materials. Follow up work is being planned to fully explore this promising area.

Senegal Permits Joint Venture

AXMIN's wholly owned Senegal Permits (Sounkounko, Heremokono and Sabodala NW ) are held under a joint venture with Sabodala Mining Company SARL ("SMC"), a wholly owned subsidiary of Mineral Deposits Limited whereby MDL may earn a 51% interest by spending US$2.5 million over three years.

Thereafter, AXMIN may elect to participate in further expenditure on a pro rata basis, or dilute its interest to 20% in return for MDL expending a further US$3.5 million over the subsequent three year period. All exploration is managed by MDL.

[Tsuba]

die Skygold hatte sich zuletzt etwas im Kurs erholt.

einige kannten die drill results wohl schon aus dem herz der Finsternis, das muss nicht immer africa sein.

Nordamerika ist mit kaputtem $ bestraft, niedrige Loehne, korrupt..

also: hohes laenderrisiko fuer Investment in SKV

Tsuba


Skygold Ventures Ltd.

TSX VENTURE: SKV


Oct 08, 2009 08:00 ET

Skygold Reports Results From Drilling at Spanish Mountain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2009)

- Skygold Ventures Ltd. ("Skygold" or "the Company") (TSX VENTURE:SKV) is pleased to announce diamond drill results from the on-going exploration program at its flagship Spanish Mountain project. The results from 20 holes have been received to date. Eight holes were drilled in an area of the Main Zone where higher grade gold mineralization occurs at shallow depths. The remaining 12 holes were drilled to test regional targets in the Placer area, Cedar Creek and to the north of the Main Zone.

Main Zone Drilling

The primary focus of this drill program is to better define a near surface higher grade portion of the Main Zone within the current resource block model used to calculate a NI 43-101 compliant resource estimate, at a cut-off grade of 0.5 g/t gold of 102.26 million tonnes grading 0.785 g/t gold in the Measured and Indicated category (for 2.58 million ounces of gold and an additional 11.65 million tonnes grading 0.787 g/t gold in the Inferred categaory (290,000 ounces of gold). This resource estimate was previously disclosed in a news release dated March, 2009. All eight holes drilled within this area returned significant results including, for example, hole 09-DDH-843 returning 44.69 metres of 1.39 g/t gold.

........gekuerzt..........

[Tsuba]

MALI

Quelle REUTERS vom 20.10.2009

Mali gold output falls as meltdown hits exploration
Tue Oct 20, 2009 11:37am GMT


Gold production in Mali, Africa's third largest producer, will fall more than 13 percent this year as the effects of the economic crisis forces junior miners to cut back on further exploration.


Gold output from the West African desert nation will total about 46 tonnes in 2009, from 52 tonnes in 2008 and 515 tonnes in 2007, according to government statistics -- pointing to a potential long-term trend if new reserves aren't found.

"It's an international crisis that affects everyone," said Mohamed Keita, special adviser to Mali's audit department. "In Mali, the effect is felt at the level of exploration, with the most junior companies disappearing for understandable reasons."

The world financial crisis has hit resource companies hard, particularly small miners, by reducing their access to credit and by limiting demand for their output.

But world commodities markets have been among the first to bounce back from the financial meltdown as big investors see raw materials as a good hedge against a widely-anticipated inflationary cycle in the United States.

Keita said the impact of the decline in exploration activity in Mali could be muted somewhat as the commodities rebound, which has pulled gold to a record over $1,000 an ounce, leads to the reopening of mines and extend the lives of other mines, like Randgold's Morila operation.

Mali's coffers have also been buffered by the increase in market prices. Revenues from gold jumped by 130 billion CFA in 2008 to 515.17 billion CFA, despite the decline in overall output, according to government statistics.

Mali is the third biggest gold producer in Africa behind South Africa and Ghana and 11th largest producer in the world.

[Tsuba]

Von Australia ueber Suedafrika nach Finnland

und das alles wie Squeeze out; Herz der Finsternis



SYLVANA uebernahm PanPalladium (PPD.ASX).

Rauka RUUKKI (Finnland) uebernimmt Sylvana (SYL.ASX).



Jubilee wird fuer Sylvana smeltern; siehe unten


(sic! Ruukki!)
"from Sylvania's secondary PGM recovery experience."

Tsuba



Quelle: PROIActive_INVESTOR vom 02.11.2009

Monday, November 02, 2009

Jubilee Platinum and Sylvania Resources in PGM tailings smelting alliance

Jubilee Platinum PLC (AIM: JLP; JSE: JBL) and Sylvania Resources Ltd (AIM, ASX: SLV) plan to enter into a strategic partnership to smelt Sylvania's platinum group metal (PGM) concentrates from its tailings retreatment projects that are not tied into other contracts using Jubilee’s ConRoast smelter in South Africa.

In a joint statement, the groups said the alliance will provide Sylvania with access to Jubilee's smelting experience and technology and allows Jubilee to benefit from Sylvania's secondary PGM recovery experience. It will allow processing chrome tailings and northern limb Plat Reef deposits for PGM concentrate previously considered uneconomic or challenged by conventional smelting routes.

Sylvania has offered Jubilee first preference as smelter builder and operator for PGM concentrate from its primary PGM projects in the northern limb of the Bushveld Complex.


gekuerzt

[Tsuba]

Press Releases 05.11.2009 von Coeur d ´Alenes

Coeur's New Mines


Lead to Record Production and Revenue Aided by Continued Strong Silver and Gold Prices


Final Construction Activities Underway at Kensington Gold Mine in Alaska Highlights: 86% increase in silver production over last year's third quarter to record 5.2 million ounces 222% increase in gold production to nearly 29,000 ounces 146% increase in revenue to all-time high of $89.8 million Operating cash flow increased to $23.0 million from $1.2 million in last year's third quarter


As announced yesterday, the Company reported a nearly 40% increase in silver and gold proven and probable reserves reported at the expanding Palmarejo District in Mexico to 88.6 million ounces of silver and 1.1 million ounces of gold Entered into a $45 million term loan facility to fund completion of Kensington tailings facility


COEUR D'ALENE, Idaho, Nov 05, 2009 (BUSINESS WIRE)
-- Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC)
today announced record silver production of 5.2 million ounces during the third quarter of 2009. This record production represents an 86% increase compared to last year's third quarter and was driven by Coeur's two new large, long-life mines - San Bartolomé in Bolivia and Palmarejo in Mexico - which combined for a total of 3.4 million ounces of silver production, or 65% of the Company's total silver production, during the third quarter. Gold production also increased dramatically due to the continued ramp-up of production at Palmarejo, which produced 24,289 ounces during the quarter.


The Company also reported record quarterly revenue of $89.8 million, a 146% increase over last year's third quarter revenue, along with quarterly operating cash flow of $23.0 million compared to $1.2 million of operating cash flow during last year's third quarter.

"Our third quarter results continued to highlight the Company's dramatic growth and successful transition to its new, long-life mines.

As the Palmarejo silver and gold mine in Mexico continues to ramp up its production levels and as we look ahead to the Kensington gold mine in Alaska contributing production and cash flow next year,
we look forward to continuing to deliver strong operational and financial results for our shareholders," said Dennis E. Wheeler, Chairman, President and Chief Executive Officer. "Silver and gold prices look to remain strong based on a weakening U.S. dollar, consistent investment demand, and - in the case of silver - increasing industrial demand, particularly in medical, electronic and technology applications."

Commenting on the Company's outlook for full-year 2009, Mr. Wheeler commented, "Coeur expects to produce approximately 18 million ounces of silver in 2009, a 50% increase compared to 2008 production levels.

Earlier this year, the Company sold its 100% interest in the silver at the Broken Hill mine in Australia.

Anm. gemeint ist Rerilya PEM.ASX

Despite the loss of production from the strategic sale of this asset and a small adjustment to our San Bartolomé mine plan, our Martha and Rochester mines have exceeded budgeted production levels.

The Company also expects to produce approximately 70,000 ounces of gold for the full-year - a 52% increase over last year."

"Total operating cash flow - the Company's chief benchmark for financial performance - increased 35% in the third quarter compared to the most recent quarter," commented Mitchell J. Krebs, Coeur's Chief Financial Officer. "In addition, the Company recorded two significant items during the third quarter which are reflected in its income statement and third quarter results.

This included a $22.4 million gain on the sale of Coeur's interest in the Broken Hill mine,

as well as a $32 million non-cash expense related to the Palmarejo gold production royalty,

which was completed in January. U.S. GAAP requires that a portion of this royalty be treated as an embedded derivative subject to quarterly non-cash mark-to-market adjustments. The primary trigger for this adjustment was gold's impressive rise in price from the end of the second quarter to the end of the third. Finally, the Company continues to strengthen the balance sheet, with outstanding debt reduced by over $40 million during the third quarter and with added financial flexibility with the closing of the term facility for Coeur Alaska with Credit Suisse."

Palmarejo (Mexico) continues to ramp up to full-scale production levels as reserves continue to grow .............gekuerzt......


In a separate press release issued late yesterday, the Company reported a nearly 40% increase in both silver and gold reserves based on ongoing drilling at the Guadalupe deposit located six kilometers from the Palmarejo mine and processing facilities. These new reserves - 25.0 million silver ounces and 313,000 gold ounces - significantly add to the 63.6 million silver ounces and 756,000 gold ounces in reserves reported at the Palmarejo project at the beginning of the year.
Palmarejo continued ramp-up activities during the third quarter:
Silver production increased 117% to 1.3 million ounces in the third quarter compared to 587,716 ounces of silver production in the second quarter while gold production increased 150% to 24,289 ounces in the third quarter versus 9,730 ounces of gold production in the second quarter.
Tons milled increased 44% during the third quarter compared to the prior quarter.
Average silver grade increased 10% and the average gold grade increased 41% versus the second quarter.
Average silver recoveries increased 37% from 53.6% in the second quarter to 73.4% during the third quarter. Further increases in recovery are being seen in the fourth quarter of 2009.
Average gold recoveries increased 22% from 77.0% to 94.3% during the third quarter.
Cash operating costs per ounce declined over 55% from the mine's initial quarter of operations to $8.76 per ounce during the third quarter. Further cost reductions are expected in the fourth quarter and in 2010 as the operation's production levels continue to ramp-up.
The mine is now operating at near full-scale production levels and expects to be in position to achieve its full-year 2010 production targets of approximately 9 million ounces of silver and 110,000 ounces of gold with cash operating costs per ounce of approximately $1.50.

San Bartolomé (Bolivia) demonstrating consistent performance for third consecutive quarter


Silver production during the third quarter was 2.1 million ounces with cash operating costs of $7.63 per ounce, representing the third consecutive quarter of consistent production and operating costs during this initial full year of operations.
Silver production through the first nine months of 2009 reached 6.1 million ounces with cash operating costs of $7.24 per ounce.
The mine plan has been temporarily adjusted while temporary suspension of mining above 4,400 meters is in effect as stability studies of the Cerro Rico Mountain are undertaken by COMIBOL. The potential impact of the revised mine plan in the fourth quarter may be up to 500,000 ounces. Meanwhile, mining continues on the remainder of the property.
Cerro Rico Mountain is an historic mining site that is the subject of centuries of unregulated underground mining by numerous groups and individuals. The Company does not use explosives in its surface-only mining activities and is sensitive to the preservation of the mountain under its contracts with the state-owned mining entity and the local cooperatives, which are supported by Supreme Decree.

[Tsuba]

Greystar, -an sich auf Low Grade angelegt-,

meldet einmal wieder spektakulaere High Grades

in 2 BohrLoechern mehr als 100m Maechtigkeit des Erzkoerpers.

Gestern 09.11.2009 ging Greystar ganz schoen Up.


Laenderrisiko einziger Wermutstropfen




Tsuba


Greystar Resources Announces Drill Results From the Los Laches Area at Angostura

GREYSTAR RESOURCES LTD GSL 11/9/2009 2:01:10 AM


107.6 Metres Grading 6.26 g/t Gold

VANCOUVER, BRITISH COLUMBIA, Nov 09, 2009 (MARKETWIRE via COMTEX News Network) --


Greystar Resources Ltd. (the "Company") (TSX: GSL)(AIM: GSL) is pleased to announce that the Company will initiate two exploration drill programs to investigate both the extensions of high grade mineralization at the Angostura gold-silver deposit and near surface oxide gold mineralization recently discovered at the Mongora prospect.

High Grade Drill Program

The high grade drill program will focus on targeting extensions of high grade shoots that exist within the Angostura deposit. In addition, the drill program will probe the unexplored potential for feeder mineralization underlying Angostura. The first drill holes will target the Los Laches area were previously drilled, but not published, core holes LL08-24 and QP08-03 returned excellent results. A cross section has been posted at Greystar Resources website

www.greystarresources.com.


(Anm. Tsuba hier in Kopie unlesbare Tabelle geloescht)



Note 1: Down hole width has not been corrected but based on drill holes and structural dip of the mineralization, the interval is considered to be close to true width.

Mongora Drill Program

Similar to the Angostura deposit, the Mongora prospect hosts higher-grade gold mineralization including 16.3 grams gold per tonne over 1.05 metres and 12.35 grams over 1.6 metres within broader zones of lower-grade gold mineralization. The delineation of oxide gold mineralization at the Mongora area could be very important for the Angostura project. The potential of outlining a new oxide resource that could be added to the 2.26 million ounce oxide resource (measured and indicated) already defined at the Angostura deposit could have favorable implications for the overall economics of the entire Angostura project. Preliminary metallurgical evaluations are underway.

The above information has been reviewed and approved by Mr. Frederick Felder, P.Geo., a "qualified person" as that term is defined in National Instrument 43-101 and Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects. Mr. Felder is a geologist with more than 40 years of industry experience and a member in good standing with the Association of Professional Engineers and Geoscientists of British Columbia.

About Greystar Resources Ltd.

Greystar Resources Ltd. is a precious metals exploration and development company that is currently completing a feasibility study on its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. A positive prefeasibility study announced on March 25, 2009 envisions average annual production at Angostura of 511,000 ounces of gold and 2.3 million ounces of silver over a 15 year mine life.

[Tsuba]

CALEDONIA berichtet fuer III. Quartal 2009 einen

Mini_Gewinn

(CAL hing bis vor kurzem noch schwer in der Gruetze)

Tsuba



12. November 2009

......For the quarter ended September 30, 2009 Caledonia reported revenue of $4.93 million
from the sale of 4,696 (2,466 in 2008) ounces of gold, which resulted in an operating
profit of $1.80 million. Gold sales for the nine months were 6,860 (8,364 in 2008) ounces.


During the quarter Caledonia incurred certain non-cash expenses namely, unrealized
foreign exchange loss of $231,000 ($992,000 in 2008), amortization expense of $101,000
($101,000 in 2008) and share option expenses of $8,000 ($616,000 in 2008) which
combined reduced net profit by $340,000 ($1,709,000 in 2008)


to $826,000 (loss of
$2,779,000 in 2008) or $0.002 ($0.005 loss in 2008) per fully diluted share.


For the nine months the non-cash expenses were unrealized foreign exchange gain of
$328,000 (loss of $1,752,000 in 2008), amortization expense of $299,000 ($302,000 in
2008) and share option expenses of $23,000 ($684,000 in 2008) which combined
contributed $6,000 of profit to the net loss of $213,000 (in 2008 non-cash items
contributed a loss of $4,447,000 to the loss of $2,343,000) or $0.000 ($0.004 loss) per
fully diluted share.
Cash available at the quarter end totaled $2,301,000 ($5,499,000 in 2008) and working
capital amounted to $5,599,000 ($4,027,000 in 2008).

[Tsuba]

Merrex macht Freude in Mali

Uebrigens ein Joint Venture mit Iamgold

Tsuba

20.11.2009


Auszug von der Hausmitteilung von Merrex 19.11.2009:



Merrex Airborne Survey Confirms Strike Extension of Siribaya Zone 1B


HALIFAX, NOVA SCOTIA -- ( Marketwire – Thursday,

November 19 2009)

- Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc.

("Merrex")(TSX Venture:MXI)

announces that the 2009 high resolution airborne magnetic/radiometric spectrometer survey confirms the extension of the sub-structure hosting the Zone 1B mineralization to over ten kilometres strike length.
Zone 1B Sub-Structure


Using the known resource at Zone 1B’s Area 55 which prior to the 2009 exploration program already had initial indicated resources* of 2.1 million tonnes grading 1.81 g/t Au (123,000 contained ounces) and inferred resources of 5.7 million tonnes grading 1.74 g/t Au (319,000 contained ounces), as a control, the airborne geophysical survey data were used to identify extensions of the known mineralized structure.


Inside the 1.5 km wide Siribaya mega-structure, the high resolution survey identified a sub-structure approximately 500 metres wide delineated by magnetic lineaments and extending along a strike of 025°. This sub-structure, which includes Zone 1B, can be traced 2.5 km north and 8.0 km south from Zone 1B, a strike length of 10.5 kilometres. This main corridor is cross-cut by many secondary magnetic lineaments oriented from 050° to 080° Az.
Commentary


“We began the 2009 exploration program at Siribaya with 123,000 ounces Au indicated and 319,000 ounces Au inferred over a 300 metre strike length at Area 55 of Zone 1B” commented Gregory Isenor, President and CEO of Merrex Gold Inc. “The 2009 drill program tripled Zone 1B’s strike length to over 900 metres with strongly mineralized intercepts throughout the zone. With the airborne data we are now able to confidently identify the Zone 1B mineralized sub-structure starting at Area 55, follow the magnetic signature of that structure with the corresponding drill intercepts within Zone 1B, and map the specific mineralized sub-structure for a total of 10.5 kilometres, 2.5 kilometres north and 8.0 kilometres south from Zone 1B.


We also have RAB drill intercepts over the 10 kilometre long Siribaya mega-structure and surface and termite geochemistry supporting the airborne data. Integration of these data reinforces our belief that future drilling along the 10.5 kilometre Zone 1B sub-structure will intersect mineralization and result in substantial increases in the Zone 1B resource.”

[Tsuba]

Antwort auf Beitrag Nr.: 38.427.150 von Tsuba am 20.11.09 15:50:05

der Merrex Mohren 2. Streich


24.11.2009

Tsuba



die Verlautbarung im Wortlaut (gekuerzt)

"Merrex Airborne Survey Identifies Second Major Sub-Structure (1A)
within Siribaya Mega-Structure

HALIFAX, NOVA SCOTIA -- (Marketwire – Tuesday, November 24, 2009) -

Gregory Isenor, P.Geo., President and
CEO of Merrex Gold Inc. ("Merrex")(TSX Venture:MXI) announces that the 2009 high resolution airborne
magnetic/radiometric spectrometer survey has

identified Zone 1A to be part of a

second distinct 9.4 kilometre

parallel sub-structure twinning the 10.5 kilometre 1B sub-structure.



1A Sub-Structure

Within the 1.5 km wide x 12 km long Siribaya mega-structure, the high resolution airborne survey has revealed asecond major sub-structure running parallel to the 1B sub-structure. (see MXI News Release 19 November,
2009)


The second sub-structure, which includes Zone 1A identified by prior diamond drilling, is a distinct sub-structure
lying immediately east of and parallel along strike to the 1B sub-structure. The twin 1A sub-structure is
approximately 500 metres wide and 9.4 kilometres along strike extending north from the region near Zone Timeta
through Zone 1A to the limit of the permit area. (see map attached) Reflecting characteristics similar to the 1B substructure,
the 1A substructure is delineated by magnetic lineaments and cross-cut by numerous secondary structures.
Prior exploration, including surface soil geochemistry, strong trench data including 35 metres of 3.1g/t at surface,
termite geochemistry stronger than the termite geochemistry at Zone 1B, numerous notable RAB drill intercepts,
and Zone 1A diamond drill intercepts as high as 2.92gr/t over 34m and 4.18g/t over 17 m, indicates the presence
of significant gold mineralization along the length of the 1A sub-structure.


Commentary

“Understanding that the Zone 1B mineralization was only a small portion of the major 1B sub-structure was
extremely significant technically and economically”

commented Gregory Isenor, President and CEO of Merrex Gold
Inc.

“That Zone 1A is part of the separate, distinct 9.4 kilometre 1A sub-structure mirroring the geological
characteristics of the 1B sub-structure, is an equally material advancement in our understanding of the Siribaya
mega-structure.

The airborne geophysical survey clearly evidences two parallel sub-structures whereas our prior
working hypothesis was that Zones 1A and 1B were just parts of a single connected structure that had been offset by
faulting.

The presence of a second major 9.4 kilometre sub-structure laying immediately adjacent and running
parallel to the 10.5 kilometre 1B sub-structure may alter the value analysis for Siribaya.

Additionally, as with the
1B sub-structure, there is compelling supporting evidence of strong gold mineralization along the 1A sub-structure.

We have surface geochemistry, strong trench data (35 metres of 3.1g/t at surface), deep termite geochemistry
(stronger than the Zone 1B termite geochemistry), notable RAB drill intercepts and, within Zone 1A diamond drill
intercepts as high as 2.92gr/t over 34m and 4.18g/t over 17 m, all supporting the airborne data.

Integration of
these data leads us to the conclusion that future drilling along the 9.4 kilometre 1A sub-structure will intersect
additional mineralization.”

[Tsuba]

3. MERREX Mohrenkuss,

diesmal ausserhalb von Sibirien

Tsuba



anno domini

27.11.2009

"Merrex Airborne Identifies Extensive Structures

Outside of Siribaya Mega-Structure


HALIFAX, NOVA SCOTIA --

(Marketwire – Friday, November 27, 2009)


- Gregory Isenor, P.Geo.,

President and CEO of

Merrex Gold Inc. ("Merrex")(TSX Venture:MXI)

announces that the 2009 high
resolution airborne magnetic/radiometric spectrometer survey has identified numerous magnetic
structures outside of the Siribaya mega-structure.



Beyond the 1.5 km wide x 12 km long Siribaya mega-structure hosting the twin Zone 1A and Zone 1B
sub-structures,

the 2009 high resolution airborne magnetic/radiometric spectrometer survey also identified
numerous structures on the

Babara and Kofia permits in the eastern portion of the project area and

additional structures on the western Siribaya Permit in the western portion of the project area. (See
attached map)


Commentary

“The presence of both extensive magnetic structures with coincident geochemistry in several other
locations of the project area indicates the potential for additional gold discoveries throughout our large
permit area” commented Gregory Isenor, President and CEO of Merrex Gold Inc. “On the Babara and
Kofia Permits, in the region east of the Siribaya mega-structure, there is evidence of several strong
structural lineaments in a large complex system completely separate and distinct from Siribaya’s 1A and
1B sub-structures.
With both the extensive structural activity and supporting soil geochemistry on those
areas which have been sampled, the Babara and Kofia Permits have excellent potential and will command
the attention of future drill programs.

On the Siribaya permit west of the Siribaya mega -structure is a
1000 metre wide by 10 kilometre long structure with an adjacent significant geochemical anomaly. Each
of these areas has the potential for future discoveries. In addition, to the west of the Siribaya megastructure
lays the 10 kilometre long Bambadinka soil and termite geochemical anomaly that requires drill
testing. I would encourage readers to carefully examine the accompanying map (also available at
www.merrexgold.com) which provides a graphic illustration of, firstly, the magnitude of identified
target areas outside of the Siribaya mega-structure relative to our 800 square kilometre permit area and,
secondly, notwithstanding the very significant systematic exploration programs at Siribaya over the past
four years, the substantial portions of the permit area that are still untested.”

Babara and Kofia Permits

On the Babara and Kofia Permits in a large complex system completely separate and distinct from
Siribaya’s 1A and 1B sub-structures at least 7 significant structures aggregating over 50 kilometres have
been identified........."

[Tsuba]

MERREX Oder once in a lifetime


Wer wahre Maerchen mag kann hier zuschauen

wie MXI.V (Canadische Boerse) in den Olymp aufsteigt.


Habe Mut dich Deines eigenen Verstandes zu bedienen,

hat es mal vor Jahrhunderten geheissen.

Konrad Lorenz, der Tierverhaltensforscher unserer tage, sprach von

der Verhausschweinung des Menschen. Hoert sich fies an,

ist aber wahr


Tsuba

[Tsuba]

blindes Huhn im Korn


MERREX schliesst gestern 02.12.2009 in Canada bei 0,92 C$ Absatz ca. 350.000 Aktien.

Sind bei mir bis hierhin ca. +150%

Aber Pick, pick, pick immer schoen laufen lassen...




Tsuba

[Tsuba]

Gooood Moooorning, Afghanistaaaaaan!

Das gibt es nicht fuer jede Generation.

Man kann derzeit gegen die bank spielen,

ohne ein Narr zu sein.


Wie wohl fuehlt da sich ein kleiner bunter Zwerg, oooooh.


In den naechsten Boersenwochen wird es Tage geben

an denen der Pog 50$ steigt

Oooooh, my God, oh Mulaattte, oh junger Baronnne...


Beim Big Baeng ist Schwarzafrika (ausser RSA) weit vom Schuss.

Australia geografisch noch weiter, aber kulturell zu nah.

Oh Metex, oh Axmin, uh DLKM, oh Binger Loch, oooooh!



Guten Morgen Sonneenschein

Tsuba

anno domini 11.12.2009 ooooh

[Tsuba]

Merrex Closes Jubilee Zinc Sale and Acquires Control of Chrysos Capital and Its Niaouleni Gold Project

.Companies:MERREX GOLD INC (Tier2)

.Press Release Source: Merrex Gold Inc. On Monday January 4, 2010, 9:58 am EST

HALIFAX, NOVA SCOTIA--(Marketwire - 01/04/10) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex")(TSX-V:MXI - News) announces that it has closed its sale of 50% of the Jubilee Zinc Deposit and acquired a controlling interest in Chrysos Capital Corporation ("Chrysos") and its 100% owned Niaouleni Gold Project:



DISPOSITION OF 50% OF JUBILEE ZINC PROJECT

Merrex has closed its disposition of a 50% interest in its Jubilee Zinc Project and related Nova Scotia zinc exploration properties, its Turkey gold properties including its 90% ownership of Merrex Turkey and its strategic association with AgeanGold and its Red Lake-Birch Lake gold claims.

Additionally, Chrysos will fund a 1,500 metres diamond drilling program estimated at $413,600 on the Jubilee Zinc Project. Drilling will commence in January 2010. After completion of this program the Jubilee Zinc Project will be managed under a 50/50 Joint Venture Agreement with Chrysos as Operator.

NIAOULENI GOLD PROJECT

Concurrently Chrysos acquired a 100% ownership of the Niaouleni Gold Project in Mali. Niaouleni is an advanced-stage gold exploration project comprised of two exploration permits (71 sq km) with a third permit (23 sq km) under application. Niaouleni has been the subject of approximately $10,000,000 of historical exploration and substantially all of the data from those programs has been acquired. A $600,000 exploration program including completion of historical data compilation is beginning immediately.

ACQUISITION OF CONTROL OF CHRYSOS

As consideration for the sale of the 50% interest in Jubilee and the related assets Merrex received from Chrysos 18,675,000 shares, a 39% equity stake, giving Merrex effective control of Chrysos and its 100% owned Niaouleni Gold Project. Chrysos, presently halted pending final filing of its post-closing Qualifying Transaction documents, is expected

to resume trading shortly on Tier 2 of the TSX-V under symbol CSX-V.

The board of directors of Chrysos was restructured with the Greg Isenor, John Cumming, Jim Patterson, Walter Henry and Nick Tintor joining and Tom Hickey and Colman O'Brian continuing as directors.

Greg Isenor was appointed President and CEO. John Cumming was appointed Executive Vice-President and Secretary and will serve as General Counsel. Tom Hickey was appointed as Executive Vice President and Chief Financial Officer. Nick Tintor was appointed Chairman of the board.

The 18,675,000 shares are subject to a Value Securities Escrow and will be released 10% on closing and 15% each six months thereafter.

Chrysos plans to change its name to Frontline Gold Corp. at its next shareholders meeting. The name change should be implemented before Q2 2010.

Merrex is a Mali focused gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a partner and an expanding gold resource / a winning combination offering investors an extraordinary opportunity.

Please visit our website at http://www.merrexgold.com/ for the most recent presentation.

[Marvin1992]

Respekt seit Threaderöffnung stark zugelegt!

[Tsuba]

Close Window | Print this story


Australian gold beckons Harmony again

[miningmx.com] 26.01.2010


-- HARMONY Gold will begin a pre-feasibility study before end-February into re-starting mining at its Mt Magnet operation in Australia, possibly creating a 100,000 oz/year gold mine, said CEO Graham Briggs, who professes to be excited by exploration data coming from the Golpu copper/gold prospect in Papua New Guinea.

Harmony has tried unsuccessfully to sell the mothballed, high-cost Mt Magnet mine and plant. It has now decided to revisit the economics of operating it as a single massive pit venture rather than a collection of smaller pits.

The feasibility study due to start within a month should deliver an answer for a decision to be taken by the middle of this year, Briggs told Miningmx.

The major cost in re-starting the mine would be stripping away the overburden and potentially putting in a tertiary mill. Early stage estimates are that Harmony may spend between A$50m and A$100m to bring the mine back to production, but the feasibility study will give more accurate numbers.

The potential is for Mt Magnet to be a 100,000 oz/year source of gold for five years, but the cash costs at this stage look to be higher than Harmony would like at US$700/oz. In assessing acquisitions, Harmony wants a cash cost of $500/oz tops. With the current gold price topping $1,000/oz, there is a healthy margin to be made at the mine though.

.

.....................gekuerzt..........

Harmony has a 50/50 joint venture with Australia’s Newcrest Mining at the newly built Hidden Valley mine in Papua New Guinea. Hidden Valley is designed as a 255,000 oz/year gold and four million ounces/year silver mine. It will reach commercial production this quarter.

Harmony and Newcrest are also exploring a copper/gold porphyry at Wafi-Golpu in Papua New Guinea and Briggs has virtually unbridled enthusiasm about the project.

Exploration work has turned up another mineralised zone called Golpu West, which changes the economics of the project, which have so far been based on the main Golpu deposit. Harmony said the discovery has to date added between 30% and 50% to the mineable resource, which now stands at 2.9 million oz of gold and 1.76 million tonnes of copper at grades of 0.6 grams/tonnes of gold and 1.1% copper.

Briggs said the resource ounces could be doubled, meaning with the same infrastructure for a method of mining called block-cave, more gold and copper will be extracted. Two extra rigs will arrive on site in February as the partners ramp up their exploration efforts.

A 2007 pre-feasibility study shows a 1.7 million oz gold and one million tonne copper mine over a 10-year life. The cash cost would be A$300/oz gold equivalent.

That study showed it would take US$1.3bn to build a mine, with maximum cash out of $1bn. The new find and new exploration data changes the economics of the project. Much also depends on the gold and copper prices.

“There are exciting numbers coming out there,” Briggs said. “That’s going to be a mine. It’s just a question of how big.”

In exploration work done to date, the indications are that it could be a 600,000oz/year gold equivalent mine. Gold equivalent means measuring the mine’s output of copper as gold.

[Tsuba]

PIIGS. Lapin agile, Schweinchen Schlau



Hier ein leserkommentar zu einem WELT-artikel von heute

zur PIIGS Problematik.

Ist nicht meine meinung, aber wohl so etwas wie Mainstream

ohne political correctness.

In einem thread, den tagelang niemand anklickt darf man sowas wohl mal zeigen




07.02.2010,

18:10 UhrJungchen sagt:

Die Griechen, die Spanier und die Portugiesen sind unser großes Glück - auch wenn das noch nicht alle hier begriffen haben !

Überlegt Euch doch mal was passiert: Erst gehen die drei Staaten pleite und dann der Rest der EU. Folge: Der Euro ist nichts mehr wert und sämtliche Schulden lösen sich in Luft auf ! Das gilt insbesondere auch für die Zinsansprüche der Großkopferten und die Rentenansprüche der alten Säcke !

Anstatt auf die Südeuropäer einzudreschen, sollten wir Ihnen doch dankbar sein.

Erst die Währungsreform wird dafür

sorgen, dass wir jungen Leute wieder in diesem Land

frei Atmen können.

Frei und ohne dass unser ganzes Netto für die Renten

derjenigen draufgeht, die uns erst in diese Misere gebracht

haben, indem sie Jahrzehnte lang über Ihre Verhältnisse

gelebt haben!

[Tsuba]

Harmony Gold



Quelle MINING WEEKLY -8th February 2010

JOHANNESBURG (miningweekly.com) – A resumption of underground blasting was imminent at the newly acquired President Steyn mine where 800 people had already been reemployed, Harmony Gold CEO Graham Briggs said on Monday.

Briggs told Mining Weekly Online, in a video interview on the sidelines Harmony's presentation of a 45% December-quarter increase in cash operating profit to R800-million, that blasting could resume as early as this week, in the build up to a full employment complement of 2 500 people over a 24-month period.



He said that the last of the conditions precedent in the acquisition of President Steyn from the liquidated Pamodzi Gold were likely to met this week.

On the surface, President Steyn's rock dump was already producing gold for Harmony. Current planning would take Harmony to a production level of 150 000 oz/y at President Steyn.

At Doornkop, Harmony's growth asset near Randfontein, the shaft had been sunk down to the South Reef, which was producing improving development values. Stoping was advancing and the infrastructure was being progressively commissioned accompanied by the mechanised mining of the low-grade Kimberley reef. More bulk from the South Reef was expected in 18 months.

Harmony was currently mining at a deeper level at Elandsrand, another growth project, which had had a disappointing December quarter.

"We're now mining at a deeper level below the old mine, and that's starting to come through with us getting out of the old mining areas that are fairly distant from the shaft, and into the new ones" Briggs adds.

Ice plants and a rail conveyor system were being commissioned at Phakisa, another growth project in the Free State, which would be producing at volume in 18 months to two years.

Harmony has had a full quarter of gold production at Hidden Valley in Papua New Guinea, which was "starting to work very well". The company had a target to produce 30% of its gold outside of South Africa, where virtually 100% was currently produced.

Harmony produced 371 956 oz - 376 599 in September - in the December quarter, with a contribution from Hidden Valley. South African production was slightly down at 11 569 kg in the December quarter compared to 11 714 kg in the September quarter.

............gekuerzt

[Tsuba]

Heute Null Leser, Jubi Jubi Di,

Tsuba


MERREX GOLD INC.



NEWS RELEASE

MERREX GOLD INC.

March 9, 2010

Merrex Announces Jubilee Drill Results


HALIFAX, NOVA SCOTIA -- (Marketwire – March 9, 2010) - Gregory Isenor, P.Geo.,
President and CEO of Merrex Gold Inc. ("Merrex")(TSX Venture: MXI) announces that the
Jubilee Zinc Project (“Jubilee”) continues to deliver encouraging diamond drill results.
Highlights

• Jubilee delivers more encouraging drill results

• Significant drill intersections include Zn/Pb of
4.8% over 10.6 metres;
2.4% over 16 metres and
2.2% over 22.2 metres

Commentary

“We are pleased to announce that our 50% owned Jubilee Zinc has again delivered very
encouraging drill results” said Gregory Isenor, President and CEO of Merrex.


“This limited
diamond drill program was a requirement of Frontline Gold Corporation’s Qualifying
Transaction and we are very pleased that the program was completed so quickly following
approval of Frontline’s Qualifying Transaction and with such good results.”


Jubilee Zinc Project

A 2010 Phase I diamond drill program of 6 holes totalling 1,371 metres has been completed on
the Jubilee Zinc Project with drill intersections including Zn/Pb of 4.8% over 10.6
metres; 2.4% over 16 metres and 2.2% over 22.2 metres. Complete drill results are
available at www.merrexgold.com.
Now that the 2010 Phase I drill program is complete, the project will be managed under a 50/50
Joint Venture Agreement with Frontline as operator. Jubilee has a CIM Standards and NI 43-101
compliant resource estimate of 3.1 million tonnes grading 4.71% Zinc equivalent, including 2.1
million tonnes grading 5.6 % Zinc equivalent and 1.9 million tonnes grading 5.79% Zinc
equivalent (November 5, 2007 Mercator Geological Services Limited).

In addition to a direct 50% interest in Jubilee, Merrex also owns 18,675,000 shares of Frontline
(a 39% equity interest) which Merrex will dividend to its shareholders on a record date to be
announced.

About the Siribaya Gold Project

Merrex’s principal project is its 100% interest (subject to retained government and vendor
royalties) Siribaya Gold Project in west Mali. The Siribaya Gold Project comprises over 800


square kilometres of contiguous exploration permits including the Siribaya mega-structure.
Siribaya has a CIM Standards and NI 43-101 compliant resource estimate of 4,015,000 tonnes
grading 2.39 g/tonne (308,200 ounces Au) Indicated plus 946,000 tonnes grading 2.29 (69,500
ounces Au) Inferred (ACA Howe International Limited, February 3, 2010). Within the Siribaya
mega-structure, Zone 1B, the primary subject of the resource estimate, is a 100 metre wide by
800 metre mineralized zone within the 500 metre wide by 10.5 kilometre long 1B substructure,
and Zone 1A is part of the twin 500 metre wide x 9.5 kilometre long 1A sub-structure. The
Siribaya mega-structure has yielded ore-grade drill intercepts in a number of selected targets
along its entire length. A 14,500 metres RC drill program is currently underway at Siribaya.
In December, 2008 Merrex closed an Option Agreement with IAMGOLD pursuant to which
IAMGOLD may incur up to CDN$10.5 million in exploration expenditures over 4 years, to earn
a 50% interest in the Siribaya Gold Project, of which $3.0 million has been spent to date. Merrex
will be the Project Operator for two years or until exploration expenditures of $5.5 million after
which IAMGOLD can elect to be the Operator. Since 2005 Merrex and IAMGOLD have
invested over CDN$11,000,000 in exploration at Siribaya. The current exploration program will
satisfy IAMGOLD’s next CDN$2,500,000 exploration obligation.
Gregory P. Isenor, P. Geo., is the Qualified Person as defined under NI 43-101 who has reviewed
and is responsible for the technical information presented in this news release.
Merrex is a Mali focussed gold exploration company with experienced management, a solid
exploration team, a prominent gold-producer as a partner and an expanding gold resource … a
winning combination offering investors an extraordinary opportunity.

Please visit our website at

www.merrexgold.com

for the most recent presentation.

[Tsuba]

Auszug aus Aufsatz im MININWEB vom 16.03.2010

PRODUCTION UP 53% IN TEN YEARS


West African gold achieving increasing global significance
In a few years the region could well be challenging for second place in the producer stakes

Author: John Chadwick
Posted: Tuesday , 16 Mar 2010

LONDON -

A new report from Ambrian, West African Gold Sector: Growth and Merger Opportunities, highlights the increasing significance of West Africa as a gold producing region and notes how the full spectrum of listed companies operating in the area offer significant investment opportunities.

Recent events may confirm this, with Cluff Gold and Crew Gold effectively under offer and the new Barrick Africa could be stalking this region.

Earlier this month a big player in the region, Randgold Resources, crowned a year in which it expanded its flagship Loulo operation in Mali, progressed the development of a new mine at Tongon in the Côte d'Ivoire, advanced two major new discoveries and completed the Moto acquisition by posting a 79% year-on-year profit increase on the back of record production at Loulo.

Ambrian notes that globally, +1 Moz gold discoveries have been declining. "Gold production from West Africa has increased by 53% over the last ten years and the region is generating a number of +1 Moz gold discoveries. The region produced some 175 t of gold in 2008, which would place it seventh if rated as a single entity against the top producing countries. On this basis, we suggest the region will rank second behind China in the next few years.

"Ghana remains the dominant producer and, after a period of decline, it has risen in recent years to over 80 t/y. Production from both Mali and Guinea has doubled, to 47 t and 23 t respectively, over the last ten years, while Burkina Faso, Ivory Coast, Mauretania, Senegal, Niger, Sierra Leone and Liberia are rising fast in the gold producer league.

"Our top equities in the region come from the development of a new generation of gold resource discoveries and brownfield development projects. The particular attraction is that they have the potential to grow from a +1 Moz resource base and have attractive EV/resource ratings and prospective operating margins. They are recommended on both fundamental ratings and as acquisition targets."


...............

[Tsuba]

Greystar kriegt 2. Standbein
Tsuba


Quelle 25.03.2010

Business Financial Newswire

25 March 2010 @ 09:00 Greystar Resources has released additional drill results from the Mongora prospect.


prospect is immediately to the south of the Angostura gold-silver deposit in the California mining district, Colombia.

It says Mongora is similar to Angostura, hosting higher-grade gold mineralisation within broader zones of lower-grade gold mineralisation.

While the drill programme at Mongora is focused on the delineation of open pit oxide gold mineralisation, drill results have identified promising sulphide mineralszation as well.

It says drilling at Mongora has the potential to outline a new oxide resource that could be added to the 2.26 million ounce oxide resource (measured and indicated) already defined at Angostura.

To date 8,670 metres have been drilled in 26 holes at Mongora and preliminary metallurgical evaluations are under way.

[Tsuba]

[Tsuba]

.....Schwaenzchen in die Hoeh´....solange es

fuer die WELT-Intelligenzia noch ueber 1 Mio Tonnen gold gibt

ist mir um den PoG nicht bange.

Uebrigens die hier vorgestellte Merrex steht gut da


aus WELT-Online von heute 09.04.2010

URL: http://www.welt.de/finanzen/article7112694/Griechenland-Kris…

9. April 2010, 15:49 Uhr .Die griechische Schuldenkrise verunsichert weltweit Anleger, die verstärkt zu Gold und anderen Rohstoffen als Wertanlage greifen. Der Wunsch nach einer sicheren Investition lässt den Preis für das Edelmetall in Rekordhöhen steigen. URL: http://www.welt.de/finanzen/article7112694/Griechenland-Kris…



Griechenland-Krise treibt Goldpreis in die Höhe
9. April 2010, 15:49 Uhr .Die griechische Schuldenkrise verunsichert weltweit Anleger, die verstärkt zu Gold und anderen Rohstoffen als Wertanlage greifen. Der Wunsch nach einer sicheren Investition lässt den Preis für das Edelmetall in Rekordhöhen steigen. Analysten erkennen noch weitere Gründe für das Hoch bei den Rohstoffen.

Aus Verunsicherung über den Ausgang der griechischen Schuldenkrise haben Anleger verstärkt zu Gold gegriffen. Das Edelmetall stieg auf bis zu 1157,76 Dollar je Feinunze (31,1 Gramm) und war damit so teuer wie seit Mitte Januar nicht mehr. Die Bestände des weltgrößten börsennotierten Gold-Fonds SPDR Gold Trust erreichten mit 1,14 Millionen Tonnen ein Rekordhoch. „Die Leute wenden sich den sicheren Anlagehäfen zu“, sagte Afshin Nabavi, Chefhändler bei MKS Finance. Er rechne daher mit weiteren Kursgewinnen. Im Schlepptau des Goldes markierte Silber mit 18,34 Dollar ein Elf-Wochen-Hoch. In Euro gerechnet erreichte es mit 13,69 Euro sogar den höchsten Stand seit mehr als zwei Jahren.
! Gold – irre Spekulation oder sicherer Hafen? So profitieren Sie von der Angst an der Börse So vermeiden Anleger den nächsten Absturz Sparen wie die Letten – was Griechenland erwartet
Aus Verunsicherung über den Ausgang der griechischen Schuldenkrise haben Anleger verstärkt zu Gold gegriffen. Das Edelmetall stieg auf bis zu 1157,76 Dollar je Feinunze (31,1 Gramm) und war damit so teuer wie seit Mitte Januar nicht mehr. Die Bestände des weltgrößten börsennotierten Gold-Fonds SPDR Gold Trust erreichten mit 1,14 Millionen Tonnen ein Rekordhoch. „Die Leute wenden sich den sicheren Anlagehäfen zu“, sagte Afshin Nabavi, Chefhändler bei MKS Finance. Er rechne daher mit weiteren Kursgewinnen. Im Schlepptau des Goldes markierte Silber mit 18,34 Dollar ein Elf-Wochen-Hoch. In Euro gerechnet erreichte es mit 13,69 Euro sogar den höchsten Stand seit mehr als zwei Jahren.
..........."

[Tsuba]

South Deep ist eine der tiefsten Minen der Welt,

nur weil sehr viel Wasser durch den Dolomitmergel nach unten sickert kann eine ertraegliche Bewetterung dargestellt werden.

M. E. bleibt die Minen aber "katastropengefaerdet"


Quelle: MINING WEEKLY 21.04.2010




Gold Fields spotlights unrivalled riches of one-of-a-kind South Deep gold mine

21st April 2010

Updated 22 minutes agoTEXT SIZE JOHANNESBURG (miningweekly.com) – South Africa's second-largest gold-miner Gold Fields on Wednesday put new emphasis on the unrivalled gold riches of its one-of-a-kind South Deep gold mine by announcing yet another crucial milestone that will enable the megamine to hit a tonnage highpoint in mid-2012.

The promise of the well-endowed South Deep flies in the face of negative foreign investor sentiment that invariably discounts South African gold assets. In the view of some analysts, South Deep is more than worthy of an international rating.

A total departure from South Africa's conventional narrow-vein gold mines with 30 m-tall orebodies, South Deep is the world's first fully mechanised deep-level gold mine.

Gold Fields CEO Nick Holland - who on Tuesday told Mining Weekly Online that he was open to discussion with gold major AngloGold Ashanti on the possibility of accelerating the mining of contiguous "legacy" assets on the depleting West Wits - announced a day later that his company was pressing ahead with a depth extension to the South Deep ventilation shaft, the second of the two shafts that form the mine's twin-shaft complex. South Deep's first shaft to 3 000 m was completed in 2004.

Gold Fields executive vice-president and head of South African operations Vishnu Pillay told Mining Weekly Online on Wednesday that the twin-shaft complex was currently hoisting rock at a rate of 175 000 t/m.

Once the new ventilation shaft was completed, it would hoist another 195 000 t/m.

Of the combined 370 000 t/m that would be hoisted, 330 000 t/m would be reef and only 40 000 t/m waste.

Pillay added that the combined total of 370 000 t/m was scheduled to be hoisted from July 2012.

He said that R8,5-billion was being spent at South Deep – which some describe as "a veritable tonnage factory" – and that the mine was on track to be producing gold at a rate of between 750 000 oz/y and 800 000 oz/y from 2014.

South Deep, which some see as being on its way to becoming one of the best operating mines in the world, is less that an hour's drive from Johannesburg, in Gauteng province.

Besides the 30-million ounce South Deep, the JSE- and NYSE-listed Gold Fields also has 26-million ounces of gold above current infrastructure at its older Driefontein, Kloof and Beatrix gold mines, where "quick wins" are anticipated through investment in additional development that could be financed from cash flow.

Holland pointed out that the "latent optionality" in the company's orebodies was "huge", and that "many are invested in us for that very reason".

South Deep employs 4 500 people where a similarly sized conventional deep-level South African gold mine would be employing in the region of 10 000-plus people.

The fewer employees are at higher levels of pay, with high-performing drill rig operators able to take home R50 000 a month.

In the latest project, the ventilation shaft will be extended from its current depth of 2 760 m to a new depth of 3 000 m, with ore-storage silos, conveyors to the bottom of the shaft, a new rock winder and a new headgear being built.

The R8,5-billion capital is also being spent on developing a new tailings facility and upgrading the metallurgical plant.

The plant upgrade will increase the milling capacity from 220 000 t/m to 330 000 t/m, with an option to expand that further to 450 000 t/m by 2013, given the potential to raise the hoisting capacity by an additional 120 000 t/m once the old South Shaft system has been fully rehabilitated.

That capital is also financing infrastructure around the shaft systems; additional backfill capacity; cooling; and the opening up of the orebody for mining.

"The South Deep capital programme is well resourced and tightly managed. We have made good progress nearing the end of the second year of our six-year programme and we are confident that we will achieve our full production target by the end of F2014," Holland said.

Mining Weekly Online reported on Tuesday that the Gold Fields CEO was open to discussion on gold asset consolidation with AngloGold Ashanti, in order to accelerate the mining of reserves and to help stabilise the local industry's ongoing value erosion.

Speaking to Mining Weekly Online on the sidelines of Gold Fields' R26-million sponsorship of the mining engineering faculties of Johannesburg's two main universities in order to boost the low number of only 500 mining engineers in South Africa, Holland said that there were opportunities for consolidation, especially on the West Wits.

He was sure that AngloGold Ashanti was like-minded about the opportunities there.

Consolidation at asset level was, he said, being viewed as one of the potential contributions towards lowering costs and enabling South African gold-mining companies to be more competitive.

The latest GFMS gold survey puts South Africa at the highest end of the cost scale, which is one of the factors causing the shares South African gold-mining companies to trade at considerable discounts to those of their foreign peers.

Holland said that the local industry was well aware that non-owners of valuable gold reserves often had paid-for infrastructure in a more favourable position to mine those reserves than the actual owners.

Through cooperation and a breaking down of the farm fences that historically separated mining lease areas, access to valuable reserves could be accelerated.

This would assist South Africa to halt the decline in gold production, which had resulted in the country losing its foremost world position.

Holland said that the investor concern that was causing the shares of South African gold-mining companies to trade at values well below those of gold-mining companies operating outside South Africa, was likely to persist until the industry stabilised itself.

In the interests of attaining that stabilisation, he suggested that local gold-mining companies considered cooperating with one another, so that a study of asset-based opportunities could be undertaken.

With South Deep well on its way to becoming a world-class operator, he saw Gold Fields' challenge as being the delivery of improved performance at Beatrix, Kloof and Driefontein.

One solution being intensively investigated was the feasibility of introducing increased levels of mechanisation at these older mines in order to liberate parts of orebodies unexploitable by conventional means.

Driefontein and Kloof have 20-million ounces between them that are above current infrastructure, and Beatrix has six-million above-infrastructure ounces.

...........gekuerzt

[Tsuba]

die alte Zulu_Tante Harmony

hat bei den MenEatern in Papua huebsche Nichten

Tsuba


Release Date: 22/04/2010 11:00:02 Code(s): HAR
HAR - Harmony Gold Mining Company Ltd - Latest Golpu drilling results will have
profoundly positive impact on project resource base

Share code: HAR
ISIN: ZAE000015228
PRESS RELEASE
LATEST GOLPU DRILLING RESULTS WILL HAVE PROFOUNDLY POSITIVE IMPACT ON PROJECT
RESOURCE BASE
Johannesburg. Thursday, 22 April 2010. Harmony Gold Mining Company Limited
(Harmony) today announced additional significant high grade drill intercepts
from its 50:50 Morobe Mining Joint Venture in Papua New Guinea (PNG).


Harmony CEO Graham Briggs says: "These results, together with those released in
January 2010, will have a profoundly positive impact on the resource base of the
project.

The drill programme at Golpu is testing an exploration target in the
range of

500 to 800 million tones (Mt) at high grades of between 0.7% and 1.1%
copper (Cu) and 0.5 to 0.7 g/t gold (Au) for 8 to 18 million ounces (Moz) of
gold and 3.5 to 8.8 Mt of copper.

This target includes the current resource.

Golpu could develop into one of the most significant copper-gold projects in PNG
with a possible size potential of 13 Moz Au and 6.5 Mt Cu, putting it on a scale
similar to other major copper-gold projects like OK Tedi and the historic mine
in Bougainville. This is a very exciting possibility for investors."

New drill intercepts include:
WR331W_1(i): 379m @ 0.88 g/t Au and 1.05% Cu from 1062m
Including: 156m @ 1.09 g/t Au and 1.48% Cu from 1149m.
WR333(i): 528m @ 0.70 g/t Au and 1.41% Cu from 551m.
Including: 187m @ 1.57 g/t Au and 3.16% Cu from 892m.


The mineralisation which is associated with diorite porphyry is located around
the margin and to the northwest of the main Golpu orebody.
Mineralisation remains open to the northwest, to the south and at depth.

Drilling to realise the full potential of the system is ongoing. In particular,
the high-grade copper gold mineralisation in WR333 (187m @ 1.57 g/t Au and 3.16%
Cu from 892m) is open along strike to the northwest and at depth.
The diagram indicating the schematic section through the Golpu deposit showing
recent drill intercepts is available on the Harmony website -

www.harmony.co.za.

[Tsuba]

sic !?!?, ooohhh

remember, oh.

wie ist das, -D wird am Hindukusch verteidigt-, Oh Jesssies, oh

Seidenstrasse des Meeres

Tsuba
22.04.2010



Quelle: LONDON (Commodity Online) 22.04.2010:

Even as the world is watching Iran with suspicion over its nuclear ambitions, Tehran is harbouring plans to tackle the US pressure through gold.

Otherwise, how will you explain the gold hunt Iran has launched after the Gulf war.

To stop an effort by the West to seize Iranian assets in Europe, the Iranian leadership decided to begin a massive, secret repatriation of its international currency reserves.

Therefore, the Central Bank of Iran started buying gold so that it can stall any economic threat by countries like US and England.

And, nobody knows how much gold Iran has already amassed. That too at a time when the world is still reeling under recession impacts and several central banks are hunting for gold to convert their foreign reserves into yellow metal.

So, Iran purchased gold secretly like China does it now and shipped it to their vaults. That was Iran’s intelligent move to shift its currency reserves to gold.

Earlier, Iran’s leadership wanted to purchase 700 tonnes of gold. However, their secret effort to convert Iran’s foreign currency holdings into gold appears to have stopped when word leaked.

The gold is now being held in the vaults of the Bank Markazi in Tehran. The asset repatriation plan was set into motion just weeks after Mahmoud Ahmadinejad took over as president of the Islamic Republic of Iran.

The decision was made during a strategic planning session of top regime leaders in Tehran, who were examining Iran’s options in the nuclear face-off with the West.

In addition to giving the orders to convert foreign currency holdings to gold and to repatriate them from Switzerland, the leaders also gave orders to Iran’s central bankers to move cash accounts from Europe into Arab and Russian banks, which they felt would be more immune to Western pressure.

Ahmadinejad this week visited Zimbabwe and Uganda, with whom he will discuss Iran’s nuclear programme.

Ahmadinejad’s visit to Uganda gains significance as world powers have stepped up pressure for a new round of UN sanctions against Iran for pursuing its nuclear programme.

The Gulf War wreaked devastation of unimaginable proportions on Iran’s infrastructure so much that even economic experts had predicted that it would be impossible to revive the economy in the foreseeable future.

But, Iran’s resilience to win back its lost glory has seen results in the recent past with countries like India even supporting the Iranian cause.

The economy of Iran is the sixteenth largest economy in the world by purchasing power parity (PPP). It is a transition economy with a large public sector and an estimated 40% of the economy centrally planned.

Exports are dominated by oil and gas which constituted 50% of government revenue in 2006. A unique feature of Iran’s economy is the large size of the religious foundations whose combined budgets make up half that of the central government.

High oil prices in recent years have enabled Iran to amass $97 billion in foreign exchange reserves. Yet this increased revenue has not eased economic hardships, which include double-digit unemployment and inflation.

According to the Central Bank of Iran, annual inflation declined to 11.5% as of February 2010. The economy has seen only moderate growth.

At this juncture, Iran’s policy of buying gold may make the country more self-reliant.

[Tsuba]

Golpu has huge potential: Harmony
Source: TheNational, Brisbane, vom 27.04.2010

GOLPU gold and copper prospect in Morobe province has deposits that are likely to make it become a world-class mine – the size of Ok Tedi or Panguna.


Developer Harmony Gold Ltd announced this to the Johannesburg Stock Exchange last Friday.

Golpu is owned 50-50 by Harmony and Newcrest Mining, who are developing Hidden Valley mine through Morobe Mining Joint Venture (50-50).

They also own Wafi exploration licence and a number of other licences in Morobe province covering the Wau, Bulolo and Garaina areas.

Golpu is situated within the prolific Morobe property, of more than 3,000 square kilometres, near Hidden Valley mine and Wafi.
Harmony said it had recorded significant gold and copper strikes in its drilling and exploration programmes at Golpu which “could develop into one of the most significant copper-gold projects” in the country.

The news is also good for Harmony whose stocks have not been doing well in comparison with some of its peer groups due to aging issues of its South African mines, where most of its production is currently sourced.


Harmony says that Golpu now indicates it can produce huge quantities of gold and copper, “putting it on a scale similar to other major copper-gold projects like OK Tedi and the historic mine in Bougainville”.

Prior to last Friday’s announcement,
Golpu reserves had been estimated at 2.9m oz of gold, and 1.7m tonnes of copper.
Exploration at Golpu is continuing with deep drilling undertaken in recent quarters.

[Tsuba]

Apr 29, 2010 08:47 ETMDN

: Exploration Drilling at Tulawaka Mine Identify a New Gold Zone
MONTREAL, QUEBEC--(Marketwire - April 29, 2010) -

MDN Inc. ("MDN") (TSX:MDN) is pleased to report to its shareholders that African Barrick Gold plc (ABG) and project operator at the Tulawaka gold mine in Tanzania, in which MDN has a 30% participating interest, announced positive exploration drilling results on near mine targets at Tulawaka and of first quarter 2010 production results.

At Tulawaka, reverse circulation drilling at the Mojamoja target, approximately 4km northwest of the Tulawaka plant has identified a new zone of gold mineralisation. "Tulawaka style" quartz veining was encountered in several drill holes, with visible gold observed in RC chips associated with higher grade gold assays. Significant intercepts included better results of 12m @11.5g/t Au from 89m (including 2m @ 57.1g/t Au), 5m @ 36.4g/t Au from 76m (including 2m @77.5g/t Au), and 1m @ 67.3g/t Au from 48m. Additional step-out and infill drilling will be required prior to resource estimation work.

In addition, the underground exploration drill program at Tulawaka East Zone continued to identify extensions to the known high grade shoots in the AZM-124 Zone. Better results included, 4m @ 18.45g/t Au and 4.6m @ 34.5g/t Au (down-hole intersected width represents approximate true width) between Level 9 and Level 10. These high-grade intersections indicate the potential to identify extensions of the underground reserves and resources beyond currently defined levels, and further extend the Tulawaka mine life beyond 2010.

Serge Bureau, President and CEO of MDN, who is currently at the Tulawaka mine with the operator, reviewing the exploration program in which MDN is participating at 30% commented: "The underground exploration results are encouraging in terms of potentially extending the underground life of mine and the Mojamoja results show us that there is potential to continue discovering new ore zones inside the limit of the Tulawaka joint venture property."

Tulawaka Operational results

African Barrick Gold also reported that:

Tulawaka underground operations experienced a 21% decline in tonnes hoisted to surface in Q1 2010 compared to the same period in 2009. This was mainly driven by lower equipment availability and the processing of lower grade stock pile ore to offset the mine production shortfall driving down the head grade milled, resulting in a 29 % reduction of ounces produced compared to the previous year (14,590 ounces as at March 31, 2010 compared with 20,492 ounces as at March 31 2009 for 100% of the mine). The operator has mobilized additional haulage trucks from its other operations and expects the mine to make its original budgeted production. Cash costs per ounce for the first quarter 2010 increased compared to the prior year period (US$ 558/ounce compared to US$413/ounce as at December 31, 2009 and US$ 379 /ounce as at March 31, 2009) as a result of the lower production base. Additional funding has been approved for an aggressive exploration drilling program for both the underground and open pit resources. Additional equipment for mine development has been mobilized for delivery to site.

The Tulawaka project is a contractual joint-venture between MDN (30% participating interest) and Pangea Goldfields Inc. (70% participating interest), a wholly owned indirect subsidiary of African Barrick Gold plc and project operator and owner through its subsidiary Pangea Minerals Ltd. The information disclosed on the Tulawaka Gold Mine is based on information provided by the Operator.

About MDN

MDN Inc.(TSX:MDN) is a mining exploration and development company having adequate financial resources to develop its promising projects in Québec and in Tanzania. MDN also remains active in the search for new business opportunities that can raise shareholder value. In addition to its 30% participating interest in the Tulawaka Gold Mine, MDN is the operator and owner of a majority interest in mineral licenses totalling 621 sq km around the Tulawaka gold mine in Tanzania.

The company also owns a 67.5% interest in Minéraux Crevier, which owns a property with a NI 43-101 niobium and tantalum resource located in the Lac St-Jean area of Québec.

MDN has an option to increase its equity participation in Minéraux Crevier up to 87.5%. Additional information is available on MDN's website at www.mdn-mines.com.

[Tsuba]

TORONTO, ONTARIO--(Marketwire - 04/30/10) - AXMIN Inc. (TSX-V:AXM - News)
is pleased to announce initial drilling results carried out by its joint venture partner and operator, Minerals Deposits Limited (TSX:MDM - News) ("MDL"), completed as part of its earn in program on AXMIN's wholly owned Senegal gold permits, Sonkounkou, Heremakono and Sabodala NW.

In 2009, MDL carried out a compilation, interpretation, and reconnaissance geological mapping and trenching program encompassing the most promising areas delineated during AXMIN's original exploration work. Subsequently, MDL completed a program of fourteen trenches for a total of 4,296 meters on the Sonkounkou licence.

Best results included a 78 metre interval grading 0.89 g/t Au inclusive of a smaller interval of 10 metres grading 4.41 g/t Au. These values were calculated from results where high gold values were cut to 17.47 g/t Au (see release of October 2, 2009).

These results prompted MDL to initiate a 30 hole, 3,500 metre reverse circulation ("RC") drilling program which is targeting both depth and strike potential of the Sonkounkou Zone D prospect. The Zone D prospect, which was first delineated by AXMIN as a potential high grade quartz lode mineralised system extending over 700 metres was further confirmed by MDL. Results of the drilling program indicated that Zone D consists of multiple quartz veins with significant mineralised gold intervals with grade of up to 25.3 g/t over 2.0 metres, (SRKC001), 147.2 g/t over 1.0 metre (SRKC006), 23.6 g/t over 3.0 metre (SRKC008) (True widths are unknown at this time). As of April 20, 2010, some 1,670 metres in 14 holes have been drilled. Partial results include:


----------------------------------------------------------------------------HOLEID DEPTH Azimuth Dip EAST NORTH Intercepts----------------------------------------------------------------------------SKRC001 120 310 -60 182304 1471592 2m @ 25.3 g/t Au from 23m2m @ 1.8 g/t Au from 28m3m @ 1.0 g/t Au from 92m2m @ 1.7 g/t Au from 106m4m @ 1.3 g/t au from 110m----------------------------------------------------------------------------SKRC002 123 310 -60 182406 1471778 4m @ 1.7 g/t Au from 35m----------------------------------------------------------------------------SKRC003 121 310 -60 182275 1471553 None----------------------------------------------------------------------------SKRC004 124 310 -60 182323 1471566 1m @ 5g/t Au from 48m----------------------------------------------------------------------------SKRC005 124 310 -60 182311 1471623 None----------------------------------------------------------------------------SKRC006 123 310 -60 182450 1471750 1m @ 147.2 g/t Au from 17m2m @ 10.0 g/t Au from 69m----------------------------------------------------------------------------SKRC007 123 310 -60 182483 1471992 1m @ 3.3 g/t Au from 30m----------------------------------------------------------------------------SKRC008 120 310 -50 182545 1472117 4m @ 1.8 g/t Au from 8m3m @ 23.6 g/t Au from 15m1m @ 1.1 g/t Au from 100m----------------------------------------------------------------------------SKRC009 120 310 -50 182604 1472079 1m @ 5.4 g/t Au from 60m----------------------------------------------------------------------------Note: intersections calculated at 0.5 g/t Au cut-off


Senegal Permits Joint Venture

AXMIN's wholly owned Senegal Permits (Sonkounkou, Heremokono and Sabodala NW ) are held under a joint venture with Sabodala Mining Company SARL ("SMC"), a wholly owned subsidiary of Mineral Deposits Limited (TSX:MDM - News) ("MDL") whereby MDL may earn a 51% interest by spending US$2.5 million over three years.

Thereafter AXMIN may elect to participate in further expenditure on a pro rata basis, or dilute its interest to 20% in return for MDL expending a further US$3.5 million over the subsequent three year period. All exploration is managed by MDL.

.........gekuerzt........

About AXMIN

AXMIN is a Canadian exploration and development company with a strong focus on central and west Africa. AXMIN has projects in Central African Republic, Mali, Sierra Leone and Senegal. For more information regarding AXMIN visit our website at http://www.axmininc.com/.

[Tsuba]

die FAZ ist nicht gerade eine Revoluzzerzeitung,

umso erstaunlicher wie offen der Zusammenbruch

des Systems thematisiert ist.

Vielleicht hat der Journalist jahrzehntelang

in eine LV einbezahlt...??

Oder es ist Wilhelm Busch "Wehe, wehe, wenn ich das Ende sehe"
aus Max und Moritz




Quelle FAZ vom 10.05.2010

Europa in der Krise


Der Euro als Weichwährung

10. Mai 2010 Die Europäische Union rüstet zum Kampf gegen den Markt. Der französische Staatspräsident Sarkozy ruft zur „Generalmobilmachung“ auf. Alle Institutionen des Euro-Raums, einschließlich der Europäischen Zentralbank, seien bereit, „ohne Gnade gegen die Spekulation“ zu kämpfen. Eigentlich sollte auf dem Brüsseler Sondergipfel nur das Hilfspaket für Griechenland durchgewinkt werden. Doch überraschend wurden auf dem Krisentreffen alle Prinzipien der Währungsunion geopfert.

Wie konnte das passieren? Nachdem die neue griechische Regierung im Oktober 2009 gestand, dass die Zahlen falsch sind und das Defizit doppelt so hoch ist, haben Investoren das Vertrauen verloren, dass Hellas seine Staatsanleihen zurückzahlen kann. Hedge-Fonds und andere, die auf einen Zahlungsausfall Griechenlands spekulierten, haben damit ihren Schnitt gemacht. Auch bei Langfristanlegern wie Pensionsfonds oder Lebensversicherungen wuchsen Zweifel. Sie verkauften griechische Staatsanleihen, um ihre Altersvorsorgesparer vor Verlusten zu schützen. Die Reihenfolge ist wichtig: Der griechische Zins sprang nicht wegen Spekulanten nach oben, sondern wegen des Schwindels und der leeren Kassen in Athen.


Ab jetzt stehen alle für alles ein, lautet Sarkozys Botschaft
Jetzt haben die Staats- und Regierungschefs im großen Stil das wiederholt, was sie auf dem EU-Gipfel im Februar für Griechenland vorexerziert hatten. Damals versprachen sie Hilfe für Hellas, obwohl in den EU-Verträgen steht, dass kein Land für die Schulden eines anderen haften darf. Diese Umdeutung der Verträge hat die Märkte weder beeindruckt noch beruhigt. Nun eröffnet Sarkozy das Endspiel um den Euro, indem er „Notbeschlüsse“ verkündet, die „zu 95 Prozent“ auf französische Vorstellungen zurückgingen, wie er triumphierend ausführt. Ab jetzt stehen alle für alles ein, lautet Sarkozys Botschaft. Die Märkte interessiere die Rechtsgrundlage nicht, stellt er fest. Willkürlich werden die über Jahrzehnte zum Ausbau des Sozialstaats aufgetürmten Staatsschulden zum außergewöhnlichen Ereignis umgedeutet und die EU-Kommission ermächtigt, Geld an den Märkten aufzunehmen und zu verteilen. Alle Stabilitätsregeln werden gebrochen, um den Euro zu retten. Wie soll das gutgehen?

Nach der Unabhängigkeit der EZB wird auch nicht mehr gefragt. Es ist politisch beschlossen, dass die EZB Staatsanleihen angeschlagener Euro-Länder aufkauft. Das Direktorium der EZB muss nur noch abnicken, damit die Notenbank direkt Staatsschulden finanzieren kann. Mit der praktischen Einführung einer Transferunion im Euro-Raum und der politischen Führung der Zentralbank sind das Schicksal des Euro als Weichwährung und das Scheitern der Währungsunion vorgezeichnet. Wer Spar- und Rentenverträge geschlossen hat, sollte sich langfristig auf Entwertung einstellen.
Internationaler Finanzmarkt: Bestandsaufnahme vor dem Sturm


„Wir werden den Euro verteidigen, was immer es kosten mag“, hat Kommissionspräsident Barroso als Parole ausgegeben. So etwas will der Markt nicht hören. Noch mehr Schulden führen in den Abgrund. Der Krisengipfel mag vorübergehend wirken. Doch wird die Spekulation gegen Griechenland, Spanien, Portugal, Irland, Italien und Großbritannien so lange weitergehen, bis klar ist, wie man dem Schuldensumpf entkommt. Auch von Deutschland und Frankreich wird die Sanierung der Staatsfinanzen erwartet. Kriegsgeschrei und Drohungen beeindrucken die Investoren nicht, die man für die Finanzierung der Staatsschulden braucht. Das Kapital der Anleger – also unser aller Geld – gewinnt man nur mit Vertrauen.
„Wir werden den Euro verteidigen, was immer es kosten mag“, hat Kommissionspräsident Barroso als Parole ausgegeben. So etwas will der Markt nicht hören. Noch mehr Schulden führen in den Abgrund. Der Krisengipfel mag vorübergehend wirken. Doch wird die Spekulation gegen Griechenland, Spanien, Portugal, Irland, Italien und Großbritannien so lange weitergehen, bis klar ist, wie man dem Schuldensumpf entkommt. Auch von Deutschland und Frankreich wird die Sanierung der Staatsfinanzen erwartet. Kriegsgeschrei und Drohungen beeindrucken die Investoren nicht, die man für die Finanzierung der Staatsschulden braucht. Das Kapital der Anleger – also unser aller Geld – gewinnt man nur mit Vertrauen.

[Tsuba]

Volta, wer bist Du? 13.05.2010



Mir geht´s romantisch auf die Bacharach Art

"Ich weiss nicht was soll es bedeuten..."




Volta Resources Inc.

Announces $30 Million Bought Deal
Toronto, ON – May 13, 2010 - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including GMP Securities LP, Wellington West Capital Markets Inc., Rodman & Renshaw, LLC and M Partners Inc., pursuant to which the underwriters have agreed

to purchase 19,354,840 special warrants

(the "Special Warrants")


of Volta on an underwritten private placement basis, at a price of $1.55 per Special Warrant for aggregate gross proceeds to the Company of approximately $30 million.


Each Special Warrant shall entitle the holder thereof to recei
ve, without payment of additional consideration, one common share (each a "Common Share") of Volta.


The Underwriters will have the option, exercisable in whole or in part, to arrange for the purchase of up to an additional 2,903,160 of the Special Warrants sold under the Offering at the Issue Price.

The offering is scheduled to close on or about June 2, 2010. The Corporation will use its reasonable best efforts to file a preliminary short form prospectus and obtain a receipt for a final short form prospectus within 45 days of the closing for the purpose of qualifying the Common Shares issuable upon exercise of the Special Warrants for distribution to the public as soon as possible with the applicable regulatory authorities in each of the provinces of Canada where Special Warrants are sold.

If such receipt for a final short form prospectus is not obtained within 45 days of the closing the special warrants will be exerciseable into 1.05 common shares instead of 1 common share. The proceeds of the offering will be used for general working capital purposes.

......

[Tsuba]

Caledonia Mining First Quarter 2010 Results


Toronto, Ontario – May 14, 2010:

Caledonia Mining Corporation (“Caledonia”)
(TSX:
CAL, NASDAQ-OTCBB: CALVF, AIM: CMCL)


is pleased to announce its first quarter 2010
operating and financial results.
The financial results below are reported in Canadian dollars, except where otherwise
stated.

Financial Highlights
(C$ 000’s) Q1 2010 Revenue 4,490 -


For the quarter ended March 31, 2010 Caledonia had net income from continuing
operations of $0.688 million (2009, a net loss of $0.799 million) or $0.001 per fully diluted

share (2009, net loss of $0.002 per fully diluted share).

Revenue was $4.49 million on
sales of 3,908 ounces of gold.

(In the quarter ended March 31, 2009 Caledonia had no
revenues due to the suspension of gold production at Blanket Mine.) Cash available at the
quarter end totaled $2.65million.


Commenting on the results, Stefan Hayden, President and CEO, said: “Production during
the quarter was adversely affected by a substantial increase in the frequency and duration
of electricity outages and by operational issues arising from the historic delays in the
completion of the No. 4 Shaft Expansion Project. Since the end of the quarter, Blanket
has accelerated its program to install standby electrical generating capacity and the first
2.5MVA unit is expected to be commissioned in early June. Surface and underground
work on the No. 4 Shaft Expansion Project continues and this project is expected to be
completed as scheduled by the end of quarter three. This will allow production to be
progressively increased to the targeted annualised rate of 40,000 ounces of gold per
annum in quarter four. In May, Blanket has secured an increased debt facility which, in
conjunction with internally generated cash flows, will be used to fund the acquisition of the
first standby generator and the completion of the No. 4 Shaft Expansion Project.”

[Tsuba]

May 17, 2010

AXM ist ein gefallenes maedchen und AFNET

ein Lude, der mit dem Moped kurvt.

Soweit mein disclaimer.

AXM war ein gluecksgriff, steht aktuell bei 11,5 Cents Can$

und hat das Potenzial fuer den halben Can$.

In einem Thread der zwischen 0 und 2 Leser taeglich hat

darf man sowas mal vorstellen.



Die klugen Koepfe lauschen sowieso dem Merkel und

ihrem 100.000DM Charakterseelchen.

Immer schoen locker bleiben

Tsuba

17,21 MEZ






axmin receives loan from afnat resources


"""Toronto, Ontario – May 17, 2010, AXMIN Inc.

(AXM-TSX Venture)

announces that it has entered into an agreement with AfNat Resources Limited ("AfNat") whereby AfNat agrees to make available to AXMIN a Loan Facility of up to US$450,000. The parties agree that the Loan Facility will be drawn down in two tranches with US$75,000 to be drawn down on signing of the Loan Facility and up to US$375,000 to be drawn down upon receipt of the approval of TSX Venture Exchange to the conversion feature of the Loan Facility.


The Loan Facility bears interest at 9% per annum, calculated monthly. All of the outstanding principal and interest accrued is repayable on August 31 2010 if the Scheme of Arrangement between AXMIN and AfNat is not completed by June 18, 2010. At that time AfNat has, subject to the approval of the TSX Venture Exchange, the right to convert the outstanding principal and interest due into AXMIN shares. Subject to the approval of the TSX Venture Exchange, the Loan Facility conversion price for the outstanding principal amount is equal to the volume weighted average price ("VWAP") of AXMIN shares for the two trading days immediately following the date of the execution of the Loan Facility, and the Loan Facility conversion price for the interest is equal to the VWAP of AXMIN shares on the date the Lender exercises the right to convert the interest into AXMIN shares.

....."""

[Tsuba]

MALI Exploration


Mali the key to Gold Fields target


Quelle:
Suedafrikanische business WeekBHEKI MPOFU Published: 2010/05/21 07:09:20 AM


Gold Fields , the world’s fourth- largest gold mining company, plans to open a new mine in Mali in the next three years that will boost its production from its west African operations to more than 1-million ounces a year.



It would also help consolidate the miner’s position as the leading producer of the metal in the region.





The company now produces only about 800000 oz a year from its two operations at Tarkwa and Damang mines in Ghana, but Gold Fields vice-president for the west Africa region, Peter Turner, said the company’s future growth on the continent lay in southern Mali’s untapped deposits along the Yanfolila belt.



With the South African gold industry battling escalating costs and an operating environment made increasingly difficult by problems such as electricity shortages, deeper mines, declining grades and regular work stoppages, companies are looking abroad for growth opportunities.





Gold Fields produced 3,4-million ounces in its past financial year from operations in SA, Ghana, Australia and Peru. Gold Fields production for the quarter to March was down 11,8% at 793000oz, from 900000oz in the previous quarter, after poor performance from its South African operations.





Turner said the company had invested a significant amount of money in exploration activities in Mali’s Yanfolila belt since it acquired the Komana project from Glencar in November.



Turner said west Africa was one of the most underexplored regions, where the company had a regional reserve position of about 12,5-million ounces.





The company already had three advanced drilling projects along the Yanfolila belt, which is believed to hold about 44-million ounces of mostly shallow deposits and of which Gold Fields said it had about 2500km² under its control.





“West Africa forms an integral part of Gold Fields’ future growth vision and we are targeting more than 1-million ounces a year in the next three to five years,” Turner said. “We need one additional mine to come into production to get to that number. West Africa is the fastest- growing mining destination and this is the region we are looking at.



“The style of deposits lend themselves to economic mining, which you can do with these kinds of deposits. Everything we are drilling is hitting on something, there are no nasties there.”



Turner said the company’s strategy for the region was to grow through exploration because acquisitions were proving to be expensive at the moment.





The company was well established in Ghana, where it had been operating for the past 15 years.



Turner said the west African country had good infrastructure in place, and electricity and water, which made it ideal as a base for the company’s expansion programme.





“Ghana is a good platform for us from which to launch ourselves in west Africa. Our key focus at the moment is Ghana and Mali, and that it is where we see our future growth prospects.”

[Tsuba]

GOLDHOTLINE von Martin Siegel, 28.05.2010

Siegel hat schon frueh Minen analisiert

und wird heute untschaetzt bzw. ignoriert.

Heute will kaum jemand mehr wissen,

welche Sachargumente es gibt, nur Zockertips sind gefragt.

Selig sind die Langmuetigen, denn sie werden mit der Strassenbahn fahren duerfen.

Tsuba



GOLDHOTLINE von Martin Siegel, 28.05.2010

""Analyse

28.05.10 Harmony (SA, Kurs 8,00 Euro, MKP 5.114 Mio A$) meldet für das Märzquartal (Juniquartal 2009) einen Rückgang der Goldproduktion auf 333.276 oz (353.752 oz), was einer Jahresrate von etwa 1,3 Mio oz entspricht. 95 % der Produktion stammt dabei aus 12 Minen in Südafrika. Bei Nettoproduktionskosten von 829 $/oz (661 $/oz) und einem Verkaufspreis von 1.109 $/oz (869 $/oz) verbesserte sich die Bruttogewinnspanne von 255 auf 280 $/oz. Der operative Verlust vergrößerte sich auf 42,2 Mio A$ oder 115 $/oz. Auf der Basis einer jährlichen Produktion von 1,3 Mio oz erreicht die Lebensdauer der Reserven 32,5 Jahre und die Lebensdauer der Ressourcen 165,9 Jahre, so daß erhebliches Wachstumspotential besteht. In Papua Neuguinea verfügt Harmony zusätzlich über 58,6 Mio oz Silber und 1,2 Mio t Kupfer. Das Hidden Valley Projekt auf Papua Neuguinea wurde in ein Joint Venture mit Newcrest (AUS) eingebracht. Die Produktion erreichte im Märzquartal 17.680 oz und bleibt weit hinter den Erwartungen zurück. Die Dividende erreicht eine Rendite von 0,8 %. Am 31.03.10 (30.06.09) stand einem Cashbestand von 75,9 Mio A$ (289,8 Mio A$) eine gesamte Kreditbelastung von 1,2 Mrd A$ (1,0 Mrd A$) gegenüber.

Beurteilung: Harmony präsentiert sich als südafrikanischer Standardwert, dem es nicht gelingt solide Gewinne zu erzielen. Sollte Harmony eine jährliche Produktion von 1,3 Mio oz mit einer Gewinnspanne von 200 A$ erzielen können, würde das KGV auf 19,7 zurückfallen. Positiv sind die umfangreichen Reserven und Ressourcen. Negativ sind die schwachen Managementleistungen der Vergangenheit. Wir nehmen unser Kursziel von 15,00 auf 12,00 Euro zurück. Harmony bleibt eine Halteposition.

Empfehlung: Halten, unter 6,00 Euro kaufen, aktueller Kurs 8,00 Euro, Kursziel 12,00 Euro. Harmony wird in Deutschland an mehreren Börsen gehandelt (vgl. Halteempfehlung vom 06.10.09 bei 7,30 Euro)."

[Tsuba]

Sowas hat bisher vom System noch keiner gesagt

Quelle STERN vom 28.05.2010

""Bei seinem überraschenden Besuch bei deutschen Soldaten in Afghanistan erlaubte sich Köhler zunächst einige Bemerkungen, aus denen sich Zweifel an der Lösbarkeit dieses Konflikts herauslesen lassen.
Es folgte ein Interview im "Deutschlandfunk" zur Debatte über die Auslandseinsätze der Bundeswehr.


Er glaube, "dass wir auf dem Wege sind, auch in der Breite der Gesellschaft zu verstehen, dass ein Land unserer Größe mit dieser Außenhandelsorientierung und damit auch Außenhandelsabhängigkeit auch wissen muss, dass im Zweifel, im Notfall auch militärischer Einsatz notwendig ist, um unsere Interessen zu wahren, zum Beispiel freie Handelswege, zum Beispiel regionale Instabilitäten zu verhindern, die mit Sicherheit auch auf unsere Chancen zurückschlagen negativ durch Handel, Arbeitsplätze und Einkommen".""

[Tsuba]

Greystar says appeal successful, shares leap



31st May 2010

TORONTO (miningweekly.com) –

Shares in Vancouver-based Greystar Resources jumped more than 40% on Monday morning

after the company said an appeal to reinstate the environmental impact assessment (EIA) for its flagship gold/silver project in Colombia had been successful.

An earlier decision had been reversed and the EIA for the Angostura project has been reinstated as filed, Greystar said.

The Colombian authorities will now move ahead with a review of the document.

In April, Greystar was told by the Colombian Ministry of the Environment, Housing and Territorial Development (MAVDT) to file a new environmental-impact assessment for Angostura, because the pit and infrastructure under the current plan will infringe on areas protected by new mining legislation.

But the company disputed the decision on several counts, and launched an appeal soon afterwards.

“We believe that Angostura can be developed in a sustainable fashion that respects the integrity of the environment while delivering economic benefits to all stakeholders,” CEO Steve Kesler said in a statement on Monday.

“We will continue to work closely with the Colombian government and MAVDT to resolve all concerns related to the development of Angostura."

Greystar is busy completing a definitive feasibility study on the Angostura project that is expected to be published in the second half of 2010.

The firm has also started working towards raising $650-million in project finance to fund the large mine.

Shares in Greystar were up 43,88%, at C$5,41 apiece, by 9:38 in Toronto. The stock traded as high as C$5,69 earlier in the session.

[Tsuba]

Drooy ist ein verlottertes Hippo

und hatte schon Schweinchen Schlau arg zugesetzt

Zocker koennten sich davon allerdings angezogen fuehlen....

Tsuba
01.06.2010



Analyse von SIEGEL Investment auf Goldhotline.de 01.06.10

01.06.10 DRD Gold (SA, Kurs 0,386 Euro, MKP 217 Mio A$) meldet für das Märzquartal (Juniquartal 2009) einen Anstieg der Goldproduktion auf 62.404 oz (57.775 oz), was einer Jahresrate von etwa 250.000 oz entspricht. Die Produktion stammt aus 4 südafrikanischen Minen, wobei mittlerweile etwa 60 % der Produktion aus der Übertageverarbeitung von alten Abraumhalten stammt. Bei Nettoproduktionskosten von 913 $/oz (855 $/oz) und einem Verkaufspreis von 1.113 $/oz (900 $/oz) erhöhte sich die Bruttogewinnspanne von 45 auf 200 $/oz. Der operative Gewinn verbesserte sich auf 2,8 Mio A$, was einem aktuellen KGV von 19,6 entspricht. Auf der Basis einer jährlichen Produktion von 250.000 oz erreicht die Lebensdauer der Reserven 24,0 Jahre und die Lebensdauer der Ressourcen 218,8 Jahre, so daß erhebliches Wachstumspotential besteht. Bei einem deutlich höheren Goldpreis ist durchaus denkbar, daß DRD Gold die Produktion wieder auf jährlich über 500.000 oz steigern kann. Die Dividende wurde gestrichen. DRD Gold verfügt über keine Verpflichtungen aus Vorwärtsverkäufen und kann von jedem Goldpreisanstieg in vollem Umfang profitieren. Am 31.13.10 (30.09.08) stand einem Cashbestand von 31,8 Mio A$ (54,6 Mio A$) eine gesamte Kreditbelastung von 164,2 Mio A$ (161,0 Mio A$).

Beurteilung: DRD Gold gelingt es auch weiterhin nicht, die verbliebene Produktion profitabel zu gestalten. Positiv sind die umfangreichen Reserven und Ressourcen sowie die fehlenden Vorwärtsverkäufe. Die oz Ressource im Boden wird aktuell mit etwa 4 $/oz bewertet. Sollte DRD Gold bei einer jährlichen Produktion von 250.000 oz eine Gewinnspanne von 200 A$/oz realisieren können, würde das KGV auf 4,3 zurückfallen. Bis zu einem Kurs von 0,50 Euro bleibt DRD Gold eine strategisch ausgerichtete Kaufempfehlung mit einem hervorragenden Hebel auf den Goldpreis. Durch den Kursrückgang bietet sich DRD Gold wieder zum Kauf an.

Empfehlung: Halten, unter 0,50 Euro kaufen, aktueller Kurs 0,386 Euro, Kursziel 1,50 Euro. DRD Gold wird als Originalaktie unter der WKN: A0DNR0 an verschiedenen deutschen Börsen gehandelt (vgl. Halteempfehlung vom 07.10.09 bei 0,535 Euro).

[Tsuba]

Old Fashioned Maerchenwald

Neues vom Wi-Wa-Wutzemann:

RG Exploration LTD sowie JCI


Tsuba
04.05.2010



"""Randgold Resumes Trade After CEO’s ‘Assisted Suicide’ (Update2)



June 04, 2010
Quelle: Businessweek


June 4 (Bloomberg) -- Randgold & Exploration Ltd.’s shares resumed trading today, five years after South Africa’s biggest- ever mining fraud led to the “assisted suicide” of its former chief executive officer.

The company’s shares were suspended Aug. 1, 2005, after $268 million worth of stock it held in a related company, Randgold Resources Plc, went missing. Brett Kebble......

“They’ve got to wipe the slate clean and start again,” said David Davis, a gold analyst with Credit Suisse Standard Securities in Johannesburg. “It’s going to be difficult.”

Kebble moved assets between Randgold & Exploration and two other companies that he ran, JCI Ltd. and Western Areas Ltd. Western Areas, which controlled the world’s biggest known undeveloped gold deposit, is now owned by Gold Fields Ltd. and JCI’s sole major asset is a stake in a wine estate.

Randgold & Exploration’s assets now include iron ore, platinum and gold prospecting rights. The stock remained suspended while negotiations took place between it and JCI that will result in about 950 million rand being returned.

....... The company currently has 500 million rand available, he said.

‘Dark Ages’

“We’re recovering 1 billion rand; that makes me sick,” Steyn said in an interview in Johannesburg. “We haven’t crystallized our future yet because the company is emerging from what I can call the dark ages.”

Kebble asked for his death to be arranged as an “assisted suicide,” Glenn Agliotti, a convicted drug trafficker known in South African crime circles as “the landlord,” said, according to the National Prosecuting Authority. Agliotti, a friend of Kebble’s, is on trial for organizing a former biker and other men to kill the gold mining magnate.

Kebble, a married father of four, was shot seven times while e...

Aside from the questions relating to the whereabouts of missing assets, Kebble was also facing charges of fraud, conspiracy and contravention of South Africa’s companies act, relating to an attempt to block a takeover of one of his companies in 1999.

Randgold & Exploration stock traded at 8.90 rand when it was suspended. The asset value of each share is now about 19.96 rand and a planned distribution of 12.90 rand-per-share payout will leave the stock valued at about 7 rand, according to Steyn. The stock opened trade at 18 rand in Johannesburg today and traded at that level as of 9:38 a.m. local time, giving it a market value of 1.89 billion rand.
"""

[Tsuba]

Antwort auf Beitrag Nr.: 39.631.375 von Tsuba am 04.06.10 10:34:03

Fortsetzung darueberliegendem Posting

FOR Minengourmets only:

JCI, Randg. Exploration sowie das erschossene Hippo Kebble




"""""
JCI eyes JSE return as it runs short of money

Fri, 04 Jun 2010 16:59

[miningmx.com]


-- SUSPENDED mining and property holding group JCI may resume its listing on the JSE towards the end of this year, but it faces working capital constraints that may compel it to sell assets or seek funds elsewhere, CEO Peter Gray said on Friday.

.....

Friday was a big day for both JCI and Randgold & Exploration, both formerly run by the now deceased Brett Kebble, who, along with a number of other company officials, perpetrated fraud on a scale unheard of in South African corporate history.



Both companies were suspended five years ago for failing to submit financial accounts. Forensic investigations subsequently revealed fraudulent and irregular transactions totalling around R20bn based on the current share price of London-listed Randgold Resources, whose shares were siphoned out of Randgold & Exploration by Kebble.

Kebble was shot dead in mysterious circumstances in September 2005.



Randgold said it could claim up to R19bn from JCI because of fraudulent transactions using Randgold's holdings in Randgold Resources by JCI during Kebble's time as CEO. The value is based on recent Randgold Resources share prices rather than their value when the deed took place, a major bone of contention between JCI and Randgold.

It has taken five years of painstaking unravelling of unbelievably complex transactions to reach a point where JCI, the beneficiary of Kebble's wrongdoings, has passed over R1bn worth of Gold Fields and JCI shares to Randgold & Exploration as well as control of the Free State Development and Investment Corporation.

Randgold will distribute Gold Fields shares and the JCI shares to its shareholders, retaining R500m in cash and Gold Fields shares as liquid assets to grow the group. It also has a number of gold, platinum and iron ore prospects.

Randgold resumed its listing on Friday and its shares traded up to R18 each from a suspended price of R8.90.

JCI remains suspended, having not yet compiled audited annual financial results that will allow the JSE to lift the suspension.

JCI shareholders, some of whom in the past have blocked any deal with Randgold, voted overwhelmingly on Friday in favour of the transaction with Randgold.

"We are very happy with this outcome. Randgold and JCI can each go their own way now," said Marais Steyn, CEO of Randgold after the JCI shareholder meeting.

So which way will JCI go?

.....

At a lengthy and fractious meeting in July last year, one key shareholder, Letseng Holdings, represented by Monty Koppel, held out and scuppered a deal. Key to winning his support for this deal was a payment of R40m to Letseng for its efforts in contesting the repayment of a loan and interest to Investec, which bailed out JCI under Kebble.

One cynical source said it was cheaper and quicker to give Koppel what he wanted rather than let more value evaporate because of Randgold and JCI remaining at loggerheads.

The issue of working capital is one that JCI will address during the course of the year and the board will present its plans as well as its intentions for the company to shareholders either at the AGM or before then, CEO Peter Gray told Miningmx.

An estimated "R1bn plus" was lost in Kebble's dodgy dealings, but it's difficult to say exactly how much was stolen from the company, he said.

JCI has a number of claims it is working on to recover some of this money while avoiding drawn out legal battles.

"We are looking for where we can get cash as quickly as possible rather than fighting a claim that will get tied down legally," Gray said.

Once JCI has resumed trading, that could be another option for raising funds, he said.

Another option is the sale of non-core assets. Boschendal, a piece of prime real estate in the Cape is considered core. There are a number of smaller assets that JCI may consider selling.

An interesting observation was the evidently frosty relationship between Gray and Steyn. The latter went over to shake Gray's hand and say 'well done. Gray barely acknowledged Steyn.

Gray in the interview with Miningmx later made it very clear that Randgold had a completely different way of assessing the value of the fraud perpetrated by Kebble and others compared to JCI, which measured it at the value of shares at the time rather than their current worth like Randgold has done.

The conclusion of the transaction between the two companies on Friday marked "full and final closure", said Gray.

Steyn said every month that the actions of Kebble and others were left unchecked related to a year it took to unravel and investigate the complex transactions.

...............""

[Tsuba]

Caledonia Commissions the First Standby Generator at Blanket Gold Mine
in Zimbabwe
Toronto, Ontario –

PRESS RELEASE June 14 2010: Caledonia Mining Corporation
(“Caledonia”) (TSX:
CAL, NASDAQ-OTCBB: CALVF, AIM: CMCL)
is pleased to announce the installation and
commissioning on schedule of the first of several planned 2.5MVA diesel generators at the
Blanket Gold Mine in Zimbabwe.
Blanket currently relies exclusively on the Zimbabwe Electricity Supply Authority 33kV
electricity supply to run all of its operations. The continuity of electricity supplies to the
mine has deteriorated significantly over the past few months: the average daily power
outages have increased from approximately five hours per day in February to over nine
hours per day in May. The increased frequency, coupled with the unpredictabilty and
duration of power outages has an adverse effect both on gold production and on the
underground installations essential for the completion of the No. 4 Shaft Expansion
Project.
In light of the rapid deterioration in electricity supply, Caledonia decided in early May to
accelerate Blanket’s program to install standby diesel generating capacity. The first
standby generator has now been installed and commissioned and will enable
continuous operation of the mining operations and of the equipment installation
activities which are necessary to complete the No. 4 Shaft Expansion. Blanket has
sufficient surplus milling capacity to achieve its current production target if power
outages continue to be experienced at the current level.
Blanket plans to install additional diesel generating capacity after completion of the No.
4 Shaft Project in order to provide sufficient standby generating capacity to maintain its
increased production target of 40,000 ounces of gold per annum even if electricity
outages continue to be experienced at the current level or deteriorate further. Blanket’s
plans in this regard will remain under constant review as circumstances relating to
electricity supply change.
The cost of the first standby generator has been met out of Blanket’s existing US$2.5
million debt facility.

[Tsuba]

Sibirien ist JV mit iamgold, Sibirien groesser

MERREX GOLD INC.

Merrex Gold – Siribaya Drilling Hits Southern Extension of Zone 1B and Northern Extension of Zone 1A; New trend
developing at Babara-Kofia permits


HALIFAX, NOVA SCOTIA -- (Marketwire – June 22, 2010) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold
Inc. ("Merrex") (TSX Venture: MXI) announces that the Fence # 1 South (33+80 N) located 40 metres immediately south of
the Zone 1B, NI 43-101 Resource at the Siribaya Gold Project in West Mali, has intersected the southern extension of Zone
1B and the interpreted northern extension of Zone 1A. Additionally, auger drilling is underway at Zone Bambadinka and
termite mound geochemistry indicates new trend at Babara-Kofia Permits.
(See Attached Map)

Highlights

• Fence #1 South (See RC-L-2 on map) 40 metres from the southern limit of Zone 1B completed, assays
received and interpreted

• Zone 1A interpreted in Fence#1 South two kilometres north of Zone 1A NI 43-101 Resource

• Zone 1B intersected 40 metres from southern limit of the Zone 1B NI 43-101 Resource

• Potential new zones intersected by Fence#1 South

• Drilling completed on Fence #5 South ( 18+80 N) (See RC-L-6 on map)

• Drilling now under way on Fence #3 South (28+80 N) (See RC-L-4 on map)

• Auger drilling underway at Zone Bambadinka

• Termite geochemistry completed at Babara-Kofia; new structural trend interpreted

[Tsuba]

CDE beginnt Poduktion in Alaska, Mine soll 125.000 Unzen AU p. a. produzieren.

AU Konzentrat wird in China Raffinerien aufgearbeitet



Quelle: MINEWEB vom 25.06.2010


Coeur Mines' controversial Kensington Alaska gold mine now a reality
After several years of legal wrangling which was ultimately resolved by the U.S. Supreme Court, Coeur d'Alene Mines has begun production at its Kensington mine in Alaska.

Friday , 25 Jun 2010

RENO, NV -

After battling all the way to the nation's highest court for the right to build a gold mine, Coeur d'Alene Mines Thursday commenced production at the Kensington Gold Mine in Alaska.

Coeur anticipates that Kensington will produce 50,000 ounces of gold during the remainder of this year and will average 125,000 ounces of gold annually over the mine's initial 12.5 year life. Production began ahead of schedule.

"Kensington represents Coeur's third new precious metals mine to commence production in the past three years and will provide continued, meaningful growth to the company's production and cash flow," said Dennis Wheeler, Coeur's CEO. "In addition, the startup of production at Kensington represents the culmination of a community-wide effort by the Juneau community, which has supported the project from the beginning and who will participate in the economic benefits Kensington will provide."

The gold concentrates produced at Kensington will be processed by China's largest gold producer China National Gold through an agreement that is the first of its kind between a state-owned corporation of the People's Republic of China and a U.S. precious metals mine.

Coeur Director of Corporate Communications Tony Ebersole said China National Gold has a "world-class facility and a huge presence." China National Gold is the largest gold producer in China and operates approximately 60 gold mines throughout the country, which comprise more than 20% of it's gold production. The company also owns and operates a number of smelters and refineries throughout China.

"We are delighted to enter into this major relationship with this globally important Chinese company," he stressed.

Ebersole noted that the "mechanism by which we convert our concentrate into revenue will be much faster than is typical. China Gold will be paying upfront, which means that in terms of timing, Coeur will get paid seven days after shipping vs. the typical two-three months that most concentrate producers must wait, while the metal is being processed at the smelter/refinery."

[Tsuba]

Globe and Mail
Published on Monday, Jul. 12, 2010 6:30AM EDT




.As gold shines ever brighter,

Toronto-Dominion Bank (TD-T 71.680.781.10%) plans to take advantage by building a precious metals trading team.

The bank’s TD Securities division is looking to hire about a dozen people to create a trading group that can handle gold, silver, platinum and palladium. Tim Gardiner, who ran Mitsui & Co.’s precious metals business, has been tapped to lead the venture.

TD hasn’t been known as a top player in mining and precious metals. With metal prices soaring and Canada home to many of the world’s publicly traded metals companies, the bank wants to do more.

“It’s a really interesting growth market,” said Patrick Meneley, head of investment banking at TD Securities. He said trading is “highly specialized and very intricate, and fits hand-in-glove with our investment-banking and sales and trading businesses.”

[Tsuba]

Die Austral PPD wurde vor einiger Zeit mit der SYLVANIA verschmolzen

PLATINproduzent in RSA

30.07.2010


Sylvania granted water licence for new Lannex tailings dam
030th July 2010

JOHANNESBURG (miningweekly.com)



– Aim- and ASX-listed Sylvania Resources would now start construction of its new Lannex tailings dam, after being granted the required water licence, it reported on Friday.

“The delays experienced in obtaining the permissions necessary for the construction of the new tailings dam seriously delayed Sylvania being able to exploit the full potential and capacity of its biggest plant and had a significant impact on the ounces produced by the group during the second quarter of 2010,” said Sylvania MD Terry McConnachie.

Sylvania stated that the suspension of the Lannex plant had been the main reason for its overall platinum-group metals (PGMs) output having dropped by 16% to 6 937 oz in the quarter ended June 30, 2010, compared with the 8 294 oz produced in the first quarter of the year.

Sylvania holds a 74% interest in Sylvania Dump Operations (SDO), which treats chrome tailings to recover PGMs from Samancor Chrome’s mines on the eastern and western limbs of the Bushveld Igneous Complex.

In April, SDO had been forced to suspend its Lannex tailings facility, owing to constraints on the amount of tailings that came from the existing temporary tailings dam.

However, with construction of the new dam to be completed in the next three months, the tailings facility, which treats feed from the Lannex mine, would now be able to ramp up to its full design capacity to treat 70 000 t/m of ore feed by the fourth quarter of this year.

Sylvania also expected SDO’s other four PGMs tailings facilities to ramp up to produce close to their full design capacity at the same time.

Earlier this month, SDO had commissioned its R97-million Doornbosch tailings facility, which was expected to eventually ramp up to treat 20 000 t/m of ore feed to produce 1 000 oz/m of PGMs.

It would, however, initially produce about 670 oz/m of PGMs.

SDO’s other assets included the Millsell, Steelpoort and Moonooi tailings facilities.

The Millsell facility had produced 2 340 oz of PGMs during the June quarter, up from the 2 407 oz produced in the first quarter of the year.

Cash costs at the operation had increased by 90% to R3 997/oz, compared with R2 099/oz in the first quarter, owing to additional electricity charges arrears of R4,3-million.

Further, PGMs output from the Steelpoort facility fell by 14% to 2 876 oz, compared with the 3 343 oz produced in the first quarter of the year, as a result of lower-grade feed material.

However, production at the Mooinooi facility increased by 72% to 1 385 oz of PGMs, compared with the 803 oz of PGMs produced in the first quarter of the year.

The Mooinooi run-of-mine (ROM) section had now been commissioned and should improve recoveries and grade, going forward, while also “substantially” extending the life of the facility, stated Sylvania.

Meanwhile, Sylvania said that output at its 25%-owned chrome tailings retreatment plant (CTRP), at Aquarius Platinum’s Kroondal mine, had increased marginally to 326 oz of PGMs, compared with the 317 oz of PGMs produced in the previous quarter.

Frequent stoppages had made the CTRP unstable, leading to the poor recoveries, it said.

[Tsuba]

New Silk Road Built by China Connects Asia to Latin America


- Aug 2, 2010


The high-speed rail link China Railway Construction Corp. is building in Saudi Arabia doesn’t just connect the holy cities of Mecca and Medina. It shows how Asia, the Middle East, Africa and Latin America are holding the world economy together.

Ties between emerging markets form what economists at HSBC Holdings Plc and Royal Bank of Scotland Group Plc call the “new Silk Road” -- a $2.8-trillion version of the Asian-focused network of trade routes along which commerce prospered starting in about the second century.


Today’s world-spanning web is insulating markets such as China from the drag of weak recoveries in the advanced world and providing global growth with a new power source.

...........


Share of Trade

.... found growing trade between emerging markets helps explain why they now account for about 30 percent of global final consumption, about the same as the U.S. and up from 10 percent in 1990.

That should increase demand for the Chinese yuan if the government continues to loosen restrictions on settling trade transactions with its currency, he said.

..................

Jerome Booth, who helps oversee $33 billion of emerging- market assets as head of research at Ashmore Investment Management Ltd. in London, said emerging markets are increasingly starting to denominate trade contracts in currencies other than dollars as commerce between them rises.

Commodity prices that may have been dropped in the past when advanced nations grew less are now cushioned by trade between emerging markets, said Dariusz Sliwinski, head of emerging markets at Martin Currie Investment Management in Edinburgh.

“Commodity prices would have been much lower without the support, which is good for the likes of Russia and Brazil,” said Sliwinski, who helps manage about $15 billion.


....says emerging Asian and Middle Eastern economies will account for 75 percent of every extra barrel of oil consumed or produced in the next decade, while copper should gain because it’s a key input in infrastructure and nickel may benefit because of its use in steel.

Impact on Commodities


......

“The populations in emerging markets, especially in Asia, are large,” he said. “They are getting more educated and income levels are rising, which make these countries very attractive for companies. China is a favorite for stock investors but we’re seeing more interest in Indian, Brazilian and Russian markets.”

Gains in Trade

.....

Chinese exports to the emerging world accounted for about 9.5 percent of gross domestic product in 2008, compared with 2 percent in 1985, he calculated. India’s jumped to 7.3 percent from 1.5 percent and Brazil’s almost doubled to 6.3 percent.

Emerging-market economies will grow 6.9 percent this year and 6.2 percent in 2011, King said, outpacing the 2.4 percent and 1.9 percent projected expansions of developed economies.

Providing Protection

“There are now massive trade connections within the emerging markets and they’re becoming increasingly important,” said King in a telephone interview. “It means in one sense the emerging world is protected from the worst ravages of the developed world.” Those ravages were born in the global recession of 2008-09 from which the advanced world is proving slow to recover, even after policy makers cut interest rates to record lows. That’s prompting businesses and investors to seek other sources of growth.

Of the foreign direct investment flowing into south, east and southeast Asia alone, China was a source of 13.3 percent in 2008, compared with the U.S.’s 7.9 percent and up from 0.4 percent in 1991, according to a report last month from the Geneva-based United Nations Conference on Trade and Development.

China, the world’s fastest-growing major economy, dominates the push into fellow emerging markets, passing the U.S. as the biggest exporter to the Middle East in 2008.


Huawei in India

Shenzen-based Huawei Technologies Co., its biggest maker of phone equipment, had orders of $1.7 billion from India in 2008 and said in January that it will invest $500 million in its research center in Bangalore.

China Mobile Ltd. of Hong Kong, the world’s biggest phone carrier, is “interested in doing business in Africa,” where it can boost services in rural areas, Chairman Wang Jianzhou said in a June 26 interview.

Elsewhere in Asia, a group led by Korea Electric Power Corp., South Korea’s largest utility, beat off competition from General Electric Co. and France’s Areva SA to win a $20 billion UAE nuclear contract. The Saudi Railways Organization last month awarded a contract to China South Locomotive and Rolling Stock Corp. to supply 10 cargo locomotives. The Mecca-Medina rail contract went to Beijing-based China Railway as part of a Saudi- Chinese consortium.


Print Back to story New Silk Road Built by China Connects Asia to Latin America
By Simon Kennedy, Matthew Bristow and Shamim Adam - Aug 2, 2010 The high-speed rail link China Railway Construction Corp. is building in Saudi Arabia doesn’t just connect the holy cities of Mecca and Medina. It shows how Asia, the Middle East, Africa and Latin America are holding the world economy together.

Ties between emerging markets form what economists at HSBC Holdings Plc and Royal Bank of Scotland Group Plc call the “new Silk Road” -- a $2.8-trillion version of the Asian-focused network of trade routes along which commerce prospered starting in about the second century.

Today’s world-spanning web is insulating markets such as China from the drag of weak recoveries in the advanced world and providing global growth with a new power source. Stephen King, HSBC’s chief economist, predicts the relationships will strengthen and lists them as a reason for his forecast that emerging markets will grow about three times faster than rich nations this year and next on average.

“The potential for inter-emerging market trade is ginormous,” said Jim O’Neill, chief economist at Goldman Sachs Group Inc. in London, who coined the term BRIC in 2001 to describe the rising role of Brazil, Russia, India and China. “That makes it quite difficult to see how you get a sustained global recession because of what’s going on in the west.”

Share of Trade

The BRIC economies hold a 13 percent share of world trade and have been responsible for about half of global growth since the start of the financial crisis in 2007, according to O’Neill. He predicted the BRICs will grow about 9 percent this year and next compared with 2.6 percent in advanced nations.

Investors are tuning in. Research by Kieran Curtis, who helps oversee $2 billion at Aviva Investors in London, found growing trade between emerging markets helps explain why they now account for about 30 percent of global final consumption, about the same as the U.S. and up from 10 percent in 1990.

That should increase demand for the Chinese yuan if the government continues to loosen restrictions on settling trade transactions with its currency, he said.

“Go to a market in Nairobi and you’ll see Chinese goods on sale,” Curtis said. “If emerging market fundamentals continue to be superior, there is the potential for serious currency appreciation against old-guard currencies.”

Currency Policy

China’s government signaled June 19 that it will allow a more flexible exchange rate. So far, it’s limited the yuan’s rise to less than 1 percent against the dollar after allowing a 21 percent appreciation in the three years to July 2008.

Jerome Booth, who helps oversee $33 billion of emerging- market assets as head of research at Ashmore Investment Management Ltd. in London, said emerging markets are increasingly starting to denominate trade contracts in currencies other than dollars as commerce between them rises.

Commodity prices that may have been dropped in the past when advanced nations grew less are now cushioned by trade between emerging markets, said Dariusz Sliwinski, head of emerging markets at Martin Currie Investment Management in Edinburgh.

“Commodity prices would have been much lower without the support, which is good for the likes of Russia and Brazil,” said Sliwinski, who helps manage about $15 billion.

Royal Bank of Scotland Chief China Economist Ben Simpfendorfer in Hong Kong says emerging Asian and Middle Eastern economies will account for 75 percent of every extra barrel of oil consumed or produced in the next decade, while copper should gain because it’s a key input in infrastructure and nickel may benefit because of its use in steel.

Impact on Commodities

The Standard & Poor’s GSCI Total Return Index, tracking the net amount investors received from 24 raw materials, climbed 13 percent last year. While the price of oil fell as low as $32.40 a barrel during the recession it has since rebounded, ending last week at $78.95 a barrel. The cost of nickel and copper more than doubled over the same period.

Chu Moon Sung, a fund manager at Shinhan BNP Paribas Asset Management Co. in Seoul, which manages $26 billion, says investors will increase their holdings of emerging-market equities.

“The populations in emerging markets, especially in Asia, are large,” he said. “They are getting more educated and income levels are rising, which make these countries very attractive for companies. China is a favorite for stock investors but we’re seeing more interest in Indian, Brazilian and Russian markets.”

Gains in Trade

The Geneva-based World Trade Organization estimates intra- emerging market trade rose on average by 18 percent per year from 2000 to 2008, faster than commerce between emerging and advanced nations. It totaled $2.8 trillion in 2008, about half of emerging-market trade with all nations.

That performance is especially welcome now given the sluggish recovery in the rich economies, said HSBC’s King, author of “Losing Control: The Emerging Threats to Western Prosperity” and a former U.K. Treasury official.

Chinese exports to the emerging world accounted for about 9.5 percent of gross domestic product in 2008, compared with 2 percent in 1985, he calculated. India’s jumped to 7.3 percent from 1.5 percent and Brazil’s almost doubled to 6.3 percent.

Emerging-market economies will grow 6.9 percent this year and 6.2 percent in 2011, King said, outpacing the 2.4 percent and 1.9 percent projected expansions of developed economies.

Providing Protection

“There are now massive trade connections within the emerging markets and they’re becoming increasingly important,” said King in a telephone interview. “It means in one sense the emerging world is protected from the worst ravages of the developed world.”

Those ravages were born in the global recession of 2008-09 from which the advanced world is proving slow to recover, even after policy makers cut interest rates to record lows. That’s prompting businesses and investors to seek other sources of growth.

Of the foreign direct investment flowing into south, east and southeast Asia alone, China was a source of 13.3 percent in 2008, compared with the U.S.’s 7.9 percent and up from 0.4 percent in 1991, according to a report last month from the Geneva-based United Nations Conference on Trade and Development.

China, the world’s fastest-growing major economy, dominates the push into fellow emerging markets, passing the U.S. as the biggest exporter to the Middle East in 2008.

Huawei in India

Shenzen-based Huawei Technologies Co., its biggest maker of phone equipment, had orders of $1.7 billion from India in 2008 and said in January that it will invest $500 million in its research center in Bangalore.

China Mobile Ltd. of Hong Kong, the world’s biggest phone carrier, is “interested in doing business in Africa,” where it can boost services in rural areas, Chairman Wang Jianzhou said in a June 26 interview.

Elsewhere in Asia, a group led by Korea Electric Power Corp., South Korea’s largest utility, beat off competition from General Electric Co. and France’s Areva SA to win a $20 billion UAE nuclear contract. The Saudi Railways Organization last month awarded a contract to China South Locomotive and Rolling Stock Corp. to supply 10 cargo locomotives. The Mecca-Medina rail contract went to Beijing-based China Railway as part of a Saudi- Chinese consortium.

Brazil in Africa

In Latin America, Brazil’s Vale SA has been on an international spending spree, helped by booming commodities demand from China and a currency that has doubled against the dollar since 2003. The company estimates that its $1.3-billion coal mine in Mozambique will have a capacity of 11 million tons per year three to four years after it enters production in the first half of 2011.

Vale in 2009 acquired stakes in three copper projects, in Zambia, Africa’s largest producer of the metal, and the Democratic Republic of Congo. In April this year, the company agreed to pay $2.5 billion for iron ore deposits in Guinea, including assets the country confiscated from the Rio Tinto Group.

“We saw the same phenomenon with American and European companies 50 to 100 years ago as they went global,” said Shane Oliver, head of investment strategy at AMP Capital Investors, which manages about $95 billion in Sydney. “Emerging-market companies are now big enough and they have the choice of going to developed countries where they may be more constrained or to the emerging world where the growth potential is.”

Competition Rises

They are also jostling with each other. Brazil’s Empresa Brasileira de Aeronautica SA, or Embraer, is braced for increased competition from new Chinese and Russian rivals.

In December 2009, 32 percent of the backlog of orders for Embraer’s medium-range E-Jet airliners was from emerging markets, up from 1 percent in 2005. Over the same period the company’s backlog of orders from North America and Europe fell to 53 percent of the total, down from 91 percent.

“We are selling less, on a proportional basis, to the U.S. and Western Europe, and we have a growth in sales in Latin America, Asia and Asia-Pacific,” said Paulo Cesar, Embraer’s executive vice president-airline market, in a telephone interview.

Embraer is braced for new competition from Russia’s Sukhoi Co. and the Commercial Aircraft Corporation of China, or Comac, particularly in their home markets, Cesar said. Both companies are developing civilian airliners.

Middle East Link

Royal Bank of Scotland’s Simpfendorfer, whose book “The New Silk Road: How a Rising Arab World is Turning Away from The West and Rediscovering China” was published last year, says the trade ties between China and the Middle East alone make for a modern Silk Road.

The original was more than 4,000 miles (10,200 kilometers) of trade routes crossing Asia and into southern Europe and north Africa. Based around China’s silk industry and once traveled by Marco Polo, the commerce it enabled also helped power the growth of civilizations from Egypt to Rome.

Governments are seeking to take advantage of the modern version. India said in May that it will open an economic division at its embassy in China’s capital as the two countries seek to increase bilateral trade to $60 billion this year from $43 billion last year. Since taking office in 2003, Brazilian President Luiz Inacio Lula da Silva has visited about 68 developing nations, more than any of his predecessors.

With trade nevertheless comes tension. Developing economies in Asia and the Middle East accounted for about 45 percent of new anti-dumping investigations reported to the WTO in 2009, up from 22 percent in 1998.

Trade Tensions

China said in May that India shouldn’t discriminate against Chinese telecommunication products, a month after people with knowledge of the matter said contracts for products from Huawei Technologies and ZTE Corp. were vetoed by India’s government on national security grounds.

MTN Group Ltd., Africa’s largest mobile-phone company, in June halted talks to purchase $10 billion of assets from Orascom Telecom Holding SAE after Algeria’s government blocked a sale of the company’s local unit, the most profitable in the portfolio. Orascom, the biggest mobile-phone company by subscribers in the Middle East, also operates in Bangladesh, Pakistan and Egypt.

There is still scope for ties to strengthen. In a study released last week, the Washington-based Inter-American Development Bank concluded “massive bilateral trade” could develop between Latin America and India if tariffs are cut.

Gene Grossman, who succeeded Federal Reserve Chairman Ben S. Bernanke as head of Princeton University’s economics department, sees a repeating pattern of what he called the “home market effect,” in which countries at similar income levels increasingly trade because their consumers have similar tastes and spending power. India’s Tata Group was the second-largest investor in sub- Saharan Africa in the six years through 2009, according to the Organization for Economic Cooperation and Development.

“Once an Indian firm enters and develops expertise based on its sales to its local market it now sees profit opportunities in serving markets elsewhere


Competition Rises

They are also jostling with each other. Brazil’s Empresa Brasileira de Aeronautica SA, or Embraer, is braced for increased competition from new Chinese and Russian rivals.

In December 2009, 32 percent of the backlog of orders for Embraer’s medium-range E-Jet airliners was from emerging markets, up from 1 percent in 2005. Over the same period the company’s backlog of orders from North America and Europe fell to 53 percent of the total, down from 91 percent.

“We are selling less, on a proportional basis, to the U.S. and Western Europe, and we have a growth in sales in Latin America, Asia and Asia-Pacific,” said Paulo Cesar, Embraer’s executive vice president-airline market, in a telephone interview.

Embraer is braced for new competition from Russia’s Sukhoi Co. and the Commercial Aircraft Corporation of China, or Comac, particularly in their home markets, Cesar said. Both companies are developing civilian airliners.

Middle East Link

Royal Bank of Scotland’s Simpfendorfer, whose book “The New Silk Road: How a Rising Arab World is Turning Away from The West and Rediscovering China” was published last year, says the trade ties between China and the Middle East alone make for a modern Silk Road.

The original was more than 4,000 miles (10,200 kilometers) of trade routes crossing Asia and into southern Europe and north Africa. Based around China’s silk industry and once traveled by Marco Polo, the commerce it enabled also helped power the growth of civilizations from Egypt to Rome.

Governments are seeking to take advantage of the modern version. India said in May that it will open an economic division at its embassy in China’s capital as the two countries seek to increase bilateral trade to $60 billion this year from $43 billion last year. Since taking office in 2003, Brazilian President Luiz Inacio Lula da Silva has visited about 68 developing nations, more than any of his predecessors.

With trade nevertheless comes tension. Developing economies in Asia and the Middle East accounted for about 45 percent of new anti-dumping investigations reported to the WTO in 2009, up from 22 percent in 1998.

Trade Tensions

China said in May that India shouldn’t discriminate against Chinese telecommunication products, a month after people with knowledge of the matter said contracts for products from Huawei Technologies and ZTE Corp. were vetoed by India’s government on national security grounds.

MTN Group Ltd., Africa’s largest mobile-phone company, in June halted talks to purchase $10 billion of assets from Orascom Telecom Holding SAE after Algeria’s government blocked a sale of the company’s local unit, the most profitable in the portfolio. Orascom, the biggest mobile-phone company by subscribers in the Middle East, also operates in Bangladesh, Pakistan and Egypt.

..............stark gekuerzt

[Tsuba]

Antwort auf Beitrag Nr.: 39.912.984 von Tsuba am 02.08.10 15:03:14

Quelle: obiger Aufsatz war auf Bloomberg Seite vom 02.08.2010 veroeffentlicht

und ist stark gekuerzt ...... eingestellt

[Tsuba]

SPIEGEL 03.08.2010

Milliardenübernahme

Kanadier schmieden Gold-Giganten


Der hohe Goldpreis heizt die Wachstumspläne der großen Minenbetreiber an: Der kanadische Konzern

Kinross Gold übernimmt seinen Rivalen Red Back Mining

für rund sieben Milliarden Dollar. Der Käufer will dadurch an Reserven in Westafrika gelangen.

New York - In Kanada entsteht einer der weltweit größten Gold-Produzenten: Kinross Gold will seinen heimischen Wettbewerber Red Back Mining übernehmen - und dafür rund sieben Milliarden Dollar zahlen. Der neue Konzern wäre weltweit die Nummer vier der Branche hinter Barrick Gold , Goldcorp und Newmont Mining .


Mit der Fusion verschafft sich Kinross Zugang zu Goldreserven in Westafrika, da Red Back Minen in Mauretanien und Ghana betreibt. Der neue Gold-Gigant wäre damit insgesamt im Besitz von zehn Minen und vier Entwicklungsprojekten in acht Ländern.

[Tsuba]

09.08.2010 15:56


BRIEF-AXMIN announces granting of mining licence at Passendro Gold Project,CAR



Aug 9 (Reuters) - AXMIN Inc:

* Announces granting of the mining licence at Passendro Gold Project,CAR

* President of central African republic granted mining licence for Passendro Gold Project, within Bambari permit area

* Says to pay state $5 million on issuance of license, $3 million on April 30,

2011 and $3 million on April 30, 2012

* Says state will also receive 26 million common shares of AXMIN and 20 million

common share purchase warrants

[Tsuba]

Coeur d'Alene Mines erzielt Rekord-Cashflow




Dienstag, 10. August 2010, um 11:43
Stuttgart (www.rohstoffe-go.de [Link 1])


Coeur d'Alene hat Rekordwerte für Metallverkäufe sowie den Cashflow vorgelegt. Der Konzern wird allerdings durch massive Sonderbelastungen tief in die roten Zahlen gedrückt.

Nicht-cashwirksame Abschreibungen im Volumen von 46,6 Millionen Dollar sind bei Coeur d'Alene Mines (NYSE: CDE - Nachrichten) (WKN: A0M85R) hauptverantwortlich für den erlittenen Quartalsverlust. Den beziffert das Unternehmen aus dem US-Bundesstaat Idaho auf 50,7 Millionen Dollar. Das entspricht je Coeur-Aktie rund 57 Cent Quartalsdefizit.

Im Vorjahreszeitraum hat der Konzern noch einen Gewinn je Anteilsschein von 17 Cent erwirtschaften können. Dagegen hat man bei den Metallverkäufen neue Rekordwerte eingefahren. Diese liegen Unternehmensangaben zufolge bei 101 Millionen Dollar, ein Zuwachs von 33 Millionen Dollar, der auf Produktionsentwicklung und den starken Metallpreisen fußt. Prozentual hat sich vor allem die Goldproduktion im laufenden Jahr deutlich erhöht. Der Quartals-Cashflow hat sich auf 32,5 Millionen Dollar mehr als verdoppelt, die vorhandene Cash-Position auf 41,2 Millionen Dollar per Ende Juni beziffert.

Mit dem Umsatz und dem Ergebnis liegt der Konzern leicht unter den Erwartungen der Experten für das zweite Quartal. Analysten sehen Coeur d'Alene Mines dennoch auf einem guten Weg, im laufenden Jahr mehr als 100 Millionen Dollar Cashflow zu generieren. Der Gewinn je Aktie soll bisherigen Prognosen zufolge bei 0,37 Dollar liegen und der Umsatz um mehr als 50 Prozent gegenüber 2009 wachsen

[Tsuba]

quelle: Business DAY Published: 2010/08/17 08:19:42 AM


IF EVER there was a company which seems to have only one real and viable business strategy and that is to pray for a weaker rand, it is Harmony Gold.





Even with the gold price at a record, the company reported another disappointing quarter.



This was not so much because of what was achieved during the quarter, which was definitely better than some in the recent past. Production was up and headline earnings was up a healthy 71%.





No, the disappointments were twofold. First, despite higher production and a good gold price, the company still made a loss. The loss was smaller than the past quarter, by quite a margin, but a loss is a loss. There is a limit to how long that can go on.





Second, the longer-term picture looks worrying too. The plan to list Evander separately, which might have given that company a route to equity funding, has been scrapped. Apparently, the proposed split-off would not have been quite big enough to stand alone. This raises the question of how Harmony will raise the capital needed to develop the one remaining Evander shaft.





More importantly, the company is now targeting 2- million ounces for 2012, which is a fairly thumping decline on its previous target of 2,2-million, even if it is a big jump from the company’s current production. Without many other real options, the company is left praying for rain, which in its book will consist of a substantially lower rand exchange rate

[Tsuba]

MERREX GOLD INC.

Merrex Gold – Siribaya Drilling Hits Extension of Zone 1A

HALIFAX, NOVA SCOTIA -- (Marketwire – August 18, 2010) - Gregory Isenor, P.Geo., President and
CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) announces that Line RC-L-3 (28+80 N) located

1500 metres north of the Zone 1A NI 43-101 Resource at the Siribaya Gold Project in West Mali has

intersected the interpreted northern extension of Zone 1A and returned the best intersections to date from

the 2010 Reverse Circulation (“RC”) drill program.
Highlights

• Best intersections to date

• Two major intersections in Hole TYC 10- 033 (1.77 g/t Au over 24 m and 1.59 g/t
Au over 16 m)

• A major intersection of 1.58 g/t Au over 13.0 m in Hole TYC 10-34

• 51.4 g/t Au over 1.0 m in Hole TYC10-035 (initial assay was constrained to >10 g/t
Au over 1 m)

• Zone 1A interpreted in Line RC-L-3 1.5 kilometres north of Zone 1A NI 43-101
Resource

• 0.90 g/t Au over 13.0 m in Hole TYC 10-32; interpreted new zone

• Assay results for holes testing the area of the Zone 1B substructure still pending


............

[Tsuba]

General News UK

RANDGOLD RESOURCES LIMITED: Disposal of 5m common shares in Volta Resources
Aug 24, 2010 10:52 CEST

RANDGOLD RESOURCES LIMITED

Incorporated in Jersey, Channel Islands

Reg. No. 62686

LSE Trading Symbol: RRS

Nasdaq Trading Symbol: GOLD

("Randgold Resources" or "Randgold")

RANDGOLD RESOURCES ANNOUNCES DISPOSAL OF 5000000 COMMON SHARES IN VOLTA RESOURCES INC

Randgold Resources Limited sold a further 5million common shares in VoltaResources Inc ("Volta") at a price of CAD$1.50 per common share on Monday 16 August 2010. The total proceeds payable to Randgold were CAD$7.5million (US$7.2million). The cash proceeds received will be used for general corporate purposes.

Randgold acquired 20million common shares in Volta as part of the consideration received for the sale of the Kiakaproject in BurkinaFaso, completed on 20 November 2009. Randgold sold 5million common shares on

12 May 2010 and after this transaction will continue to hold 10.99million shares in Volta.

The management of Randgold has no on-going involvement with the Kiaka project or Volta and will continue to categorise the remaining Randgold investment in Volta as available-for-sale financial assets.

[Tsuba]

MDL drops Grande Côte IPO in favour of Sabodala demerger

24th August 2010

PERTH (miningweekly.com)



– ASX- and TSX-listed Mineral Deposits Limited (MDL) would demerge its Sabodala gold project rather than its Grande Côte mineral sands project, it announced on Tuesday.

The company has been investigating ways to split the two projects, both located in Senegal, into separate listed entities, arguing that it was “obvious” that the two projects were not compatible in one listed entity.

MDL initially planned to spin-out its $400-million Grande Côte project through an initial public offering (IPO), but executive chairperson Nic Limb announced that had decided to rather demerge the Sabodala project.

MDL would transfer the Sabodala holding companies into a new Canada-based company, which it plans to list on a North American stock exchange, with a potential secondary listing on the ASX.

Subsequent to the IPO, MDL would own about 15% of the pure West African gold company.

“We believe this demerger should provide an excellent opportunity to realise substantial value for shareholders,” Limb added.

“Our shareholders should benefit through having direct ownership of both a pure West African gold producer with exciting growth prospects, and the Grande Côte mineral sands project, which has the potential to be a tier-one asset.”

Limb noted that the split of the two assets also provided the opportunity to fund a significant portion of the equity required for the Grande Côte project in a nondilutive manner.

The Sabodala gold operation, which poured its first gold in March 2009, is estimated to host 3,5-million ounces of gold resource, with a further 1,6-million ounces of gold reserve.

The operation has a life-of-mine expectancy of ten years, and is expected to produce between 170 000 oz and 180 000 oz in 2010.

[Tsuba]

HARMONY in NEU_GUINEA


"""Harmony to raise output, bullish on bullion


Published 2:01 AM, 26 Aug 2010


Reuters

JOHANNESBURG - Harmony Gold Mining is on course to raise output to two million ounces a year in the next three years from 1.7 million forecast for the current financial year, its chief executive said.

Chief executive Graham Briggs said he was bullish on the gold price and the fundamentals for gold production, supply and demand.

He said the company's short-term expansion plan outside of South Africa was to develop the 50-50 Wafi-Golpu joint venture project with Newcrest Mining Limited .

The Papua New Guinea project will start production by 2016, he said.

"That mine should be able to produce somewhere around 700,000 ounces, and on top of that it should be producing copper in excess of (100,000) tonnes." Mr Briggs said in an interview.

Harmony, Africa's third-largest gold miner, said earlier this month its total gold production for the quarter to end-June rose four per cent from the previous quarter to 346,714 ounces, with total cash costs up to $US831 per ounce from $US829.

Output was 1.4 million ounces for the year to end-June 2010.

Mr Briggs said Harmony Gold would also continue to focus on exploration of gold in Papua New Guinea and on improving its South African operations.

"We are quite conservative in our planning, but obviously we are more bullish on what exactly is going to happen to gold," Mr Briggs said.

Mr Briggs said South African ....................

[Tsuba]

AUST-LISTED GOLD ONE INT'L TO UP OUTPUT AT JOHANNESBURG PROJECT

Posted on: Wed, 01 Sep 2010 06:40:46 EDT

Symbols: GLDZY

PERTH, Sep 01, 2010 (AsiaPulse via COMTEX) --


South Africa
-focused, Australian-listed gold miner Gold One International Ltd (ASX:GDO) says it expects to eventually expand production at its Modder East project near Johannesburg by about 30 per cent as output ramps up.

Chief executive Neil Froneman on Wednesday said the Sydney-headquartered miner expected its current annualised production of 72,000 ounces (oz) would rise to more than 100,000 oz, but didn't provide a timeframe for the increase.

Gold One on Tuesday said it produced 24,778 oz of the precious metal in the six months to June 30, despite a five-week strike in March and April.

But slower than expected ramp up in the new North 2 area had led to a drop in September quarter guidance to between 18,000 oz and 20,000 oz, from earlier forecasts of 25,000 oz.

The company will provide its 2011 production guidance after it completes a review of the ramp up in December.

"We poured our first gold only 12 months ago and then went into commercial production five months later, achieving our first tonne of gold by May this year," Mr Froneman told the Paydirt Africa Down Under conference in Perth on Wednesday.

He said the company had moved to a cashflow positive position with life
-of-mine cash costs expected to be below $US300 an ounce.

Gold One on Tuesday posted a net first half net loss of $3.94 million although its gross profit totalled $17.1 million.

(AAP)

[Tsuba]

MERREX GOLD INC.

Merrex Transitions Siribaya Operatorship to IAMGOLD

HALIFAX, NOVA SCOTIA -- (Marketwire – September 1, 2010)

- Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) announces that effective September 1, 2010 Merrex has formally transferred operatorship of the Siribaya Gold project to IAMGOLD Corporation (“IAMGOLD”).

IAMGOLD ACCEPTS TRANSFER OF SIRIBAYA OPERATORSHIP

Pursuant to the terms of the Siribaya Option Agreement, IAMGOLD elected to assume the operatorship of the Siribaya Gold Project. All necessary contractual pre-conditions were met and Merrex formally transferred the operatorship of the Siribaya Gold Project to IAMGOLD effective September 1, 2010.
The Siribaya Gold Project will continue to be managed by a joint Merrex-IAMGOLD management committee.

COMMENTARY
“We are at the halfway mark of the IAMGOLD earn-in option on the Siribaya Gold Project” said Merrex President and CEO Greg Isenor. “Siribaya is advancing as we and IAMGOLD had hoped and I am pleased to see IAMGOLD taking over as project operator. I want to thank IAMGOLD and the entire exploration team for their enthusiasm over the past two years and for their cooperation especially during this transition period.”

Merrex is a Mali focused gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a partner and an expanding gold resource … a winning combination offering investors an extraordinary opportunity.

Please visit our website at www.merrexgold.com for the most recent corporate presentation.

[Tsuba]

Friday, September 03, 2010

Papillon Resources discovers new high grade gold at Medinandi

Papillon Resources (ASX: PIR) has reported the third tranche of drill results from its maiden drilling campaign at its flagship Medinandi Project in Mali, West Africa, with new wide, shallow, high grade gold mineralisation discovered.

Reverse circulation drilling at the Fadougou North East (FNE) exploration target has located significant gold intercepts in a north-south trending mineralised zone extending in excess of 700m of strike.

Significant intercepts include:

- 18m @ 7.62g/t Au (FNER015) from 79m to 97m;
- 10m @ 5.02g/t Au (FNER015) from 101m to 111m;
- 13m @ 3.460g/t Au (FNER003) from 19m to 32m;
- 13m @ 3.20g/t Au (FNER006) from 40m to 53m; and
- 5m @ 9.85g/t Au (FNER006) from 101m to 106m.

There is a central 240m zone of strong bedrock gold mineralisation in steeply-dipping zones. There are significant gold intercepts over a strike length in excess of 700m, and the zone remains open to the north and south.

The FNE zone, located some 500m to the NE of the Fadougou Main Zone, has the potential to deliver wide ore-grade gold mineralisation.

Alan Campbell, managing director, said “the width and consistent grade of mineralisation at shallow depths and the broad extent of alteration at this prospect is impressive. These early results underscore the potential of this prospect to add to the Medinandi resource base.”

These results complement the high grade intercepts announced on July 12. The project is located on the Senegal/Malian Shear Zone, where in excess of 42M oz of gold has been discovered.

The company’s maiden drilling programme consisted of 4,320m at Fadougou Main Zone and 8,780m on new exploration targets, and totalled 13,100m of RC drilling.

A total of 36 RC holes have been completed at the FNE prospect of which results have been received for the first 19 holes, and are reported here. In total, results have now been received for 7,545m of 13,100m drilled or 57% of the maiden drilling programme.

Papillon said it is particularly pleased with the consistency and grade of intercepts such as 18m @ 7.36g/t Au and 10m @ 5.02g/t Au in hole FNER_015.

Mineralised intercepts in excess of 1g/t Au have been obtained over a strike length of at least 700m, and the zone remains open to the north and south.

Whilst drilling is at an early stage these initial drill results have confirmed that the FNE zone can deliver wide ore-grade gold mineralisation and the results thus far provide strong impetus for a detailed infill drilling program at this location.

Assay results from approximately 5,555m of the 13,100m of the completed drilling programme are yet to be received.

These drill results will provide information on 3 other new potential gold zones at Fadougou South - South East and East; Tintiba; and Fekola. An independent geological consultancy has been contracted to undertake a resource re-modelling of the Fadougou Main Zone and new discoveries once all results have been obtained.

At the Medinandi Project future exploration work will include and focus on infill and step-out drilling at the Fadougou North East prospect, which remains open to the north and south along strike.

In addition, diamond drilling at the Fadougou Main Zone will test mineralisation at depth. Step-out drilling on the Fadougou Main Zone is to test an extension of mineralisation, which remains open to the north and south along strike.

Preliminary metallurgical test work from selected RC drill samples is scheduled. Dependent upon results from the recently completed RC drill programme, follow up drilling on the exploration targets at Fadougou, Tintiba and Fekola will be planned.

The company also intends to drill targets generated from the recently completed ground geophysical (IP survey) and planned magnetic surveys.

Papillon Resources has 155 million ordinary shares on issue, 75.2 million ordinary quoted options and 10.5 million unlisted options. It has A$3.9 million cash in bank and a market capitalisation of A$41 million.

[Tsuba]

Axmin ARM.V heute bis jetzt 28% im plus bei 3 mio Stueck


Man kann auf den gedanken kommen, dass da etwas im Busch ist,

16.09.2010

[Tsuba]

GOLD

Shanta to raise up to $20m to explore, develop Chunya mine


22nd September 2010

(miningweekly.com) –



Aim-listed Shanta Gold plans to raise up to $20-million in funds from equity placings to further develop its Chunya mine, in Tanzania, as well as to continue with other exploration activities in that country.

The gold development company announced on Wednesday that it had signed an agreement with an investor to subscribe for $10-million worth of Shanta shares.

The company was planning to make a wider offering of shares to institutional and existing shareholders at 25p a share at an undisclosed date to raise further funds.

Construction on the $23-million Chunya mine was expected to start by the end of this year, with the mine to start producing at an initial rate of 28 000 oz/y of gold by the end of 2011......

[Tsuba]

MERREX GOLD INC.



Merrex Gold – New Gold-Anomalous Trends Developing at Siribaya Gold Project


HALIFAX, NOVA SCOTIA --

Marketwire September 23, 2010)

- Gregory Isenor, P.Geo., President and

CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) announces that the results from the soil and
termite mound geochemistry and auger drilling indicate significant new gold-anomalous trends outside of
the Siribaya Mega-structure.
Highlights

• Significant gold-mineralized trends developing on Babara, Bambadinka and West
Siribaya

• Multiple gold anomalies on Kofia, Taya-Melea and between the Siribaya Megastructure
and Bambadinka

• All new trends and gold anomalies are outside the Siribaya Mega-structure


The compilation and analysis of the soil and termite mound geochemistry and the assay results from the
auger drill program are complete.

At Babara, Bambadinka and West Siribaya significant new gold trends
are indicated.

In the northern region of Bambadinka this is supported by mechanized auger drill results.
(see table below)
On Kofia, Taya-Melea, and on the area between Bambadinka and the Siribaya Mega-structure, the soil and
termite mound geochemical survey results indicate extensive new gold anomalies that will require followup
drilling.

See the three maps following: a) the termite mound geochemistry results, b) the soil sampling geochemistry
results, and c) the auger drill results.

“While much attention has been focused on our 2010 drill results from the 1A and 1B sub-structures within
the Siribaya Mega-structure, it is still important to appreciate that the vast size of our West Mali land
position and the abundance of gold targets outside of the Siribaya Mega-structure increases the blue-sky
potential of our company immensely”

said Merrex President and CEO Greg Isenor. “As we expand our
exploration areas we recognize that we are really still scratching the surface of what is still to be discoveredon our Siribaya Gold Project.”
Significant Assay Results from 2010 Auger Drill Program
on Northern Bambadinka


Hole and Line Depth

(in metres) Assay
SRT-007 AGR–L-6 4.0 to 5.5 0.64 gr/t Au over 1.5 m
SRT-048 AGR–L-1 8.5 to 10.0 0.65 gr/t Au over 1.5 m
SRT-062 AGR–L-2 1.0 to 2.5 2.00 gr/t Au over 1.5 m
SRT-083 AGR–L-3 2.5 to 4.0 2.40 gr/t Au over 1.5 m
SRT-084 AGR–L-3 8.5 to 10.0 1.00 gr/t Au over 1.5 m
SRT-100 AGR–L-1 2.5 to 4.0 2.72 gr/t Au over 1.5 m
SRT-129 AGR–L-3 2.5 to 4.0 2.56 gr/t Au over 1.5 m
SRT-131 AGR–L-3 7.0 to 8.5 0.73 gr/t Au over 1.5 m
SRT-161 AGR–L-4 4.0 to 5.5 0.55 gr/t Au over 1.5 m
SRT-176 AGR–L-5 4.0 to 5.5 0.99 gr/t Au over 1.5 m
Note: Assay table intersections are drill intersection lengths, not true widths.
Table includes all
mineralized intersections with a grade > 0.50 g/t Au

Working in concert with IAMGOLD Corporation (“IAMGOLD”), Merrex and IAMGOLD have completed
the initial phase of a 14,500 metres RC reconnaissance drill program within the Siribaya Mega-structure, a
soil and termite mound geochemical sampling program, and an auger drill program.
The RC drill program was designed to explore new areas of the Siribaya Mega-structure and begin defining
the potential magnitude of the mineralised areas within the Siribaya Mega-structure.

The soil and termite mound geochemical sampling program and auger drill program was designed to test
areas outside of the Siribaya Mega-structure and identify priority target areas for future exploration.
About the Siribaya Gold Project

Merrex controls 100% of the Siribaya Gold Project comprising over 840 square kilometres of contiguous
exploration permits in West Mali including the Siribaya Mega-structure. The Siribaya Mega-structure has a
CIM compliant

NI43-101 resource estimate of 4,015,000 tonnes grading 2.39 g/t Indicated (308,200 oz Au)and 946,000 tonnes grading 2.29 g/t Inferred (69,500 oz Au).

The NI43-101 resource is open to the north,
south and at depth.
Within the Siribaya Mega-structure there are at least two distinct substructures; the 500 metre wide by 10.5
kilometre long 1B substructure and the twin 500 metre wide x 9.5 kilometre long 1A sub-structure. The
Siribaya Mega-structure has yielded ore-grade drill intercepts in a number of selected targets along its
entire length. Outside of the Siribaya Mega-structure significant new trends are developing at Babara, Zone
Bambadinka and West Siribaya and new gold-anomalous zones have been indentified at Kofia, Taya-Melea
and between Zone Bambadinka and the Siribaya Mega-structure.

[Tsuba]

nochmal MERREX


News Release

Merrex Gold Inc.

Merrex Gold Amended Release – IAMGOLD Accelerates 2010 Exploration Expenditures at Siribaya

HALIFAX, NOVA SCOTIA -- (Marketwire October 7, 2010)

- Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) announces that IAMGOLD Corporation (“IAMGOLD”) is accelerating exploration expenditures through to December 31, 2010 at Merrex`s West Mali Siribaya Gold Project.
Highlights

• 4,000 metres of RC drilling to complete the planned 14,500 2010 RC drill program

• An additional 4,000 metres of RC drilling to follow-up on excellent intersections encountered earlier this year

• An extension of the ground geophysics (gradient array IP) to cover the remainder of the Bambadinka trend

• A further 3200 m of Auger drilling along the Bambadinka trend.

• Purchase a portable XRF to perform multi-element analyses on all drill pulp samples (DD, RC, RAB and auger) and on all termite mound samples
IAMGOLD, operator of the Siribaya Gold Project, has advised Merrex of its plan to accelerate exploration expenditures at Siribaya by approximately CDN$750 000 through to December 31, 2010.

Commencing once the seasonal rains subside, 4,000 metres of RC drilling along the Siribaya mega-structure will complete the planned 2010 drill program of 14,500 metres. The RC drill, vehicles and sufficient fuel supplies are on the project side of the Faleme River, and drilling could start by the end of October.
An additional 4,000 metres of RC drilling will follow-up on excellent intersections encountered earlier this year. If a second drill is obtained then this drilling will start once access across the Faleme River becomes possible for heavy equipment, likely by the beginning of December. Otherwise this drilling will begin after the first 4,000 metres is completed.
To further evaluate the Bambadinka t
rend, the ground geophysical survey (gradient array IP) will be extended to cover the remainder of the trend and the mechanized auger program will be extended by 3,200 metres.

In addition, a portable XRF (x-ray fluorescence) analyzer will be purchased to analyse all dry pulp samples (including diamond drill, reverse circulation, rotary air blast and auger) and termite mound samples to identify pathfinder elements that could assist in drill targeting. A warehouse has been rented in Bamako to begin preparation of the pulps for multi-element analysis.
Lastly, IAMGOLD continues to evaluate the cost effectiveness of constructing a bridge across the Faleme River which, if economically justifiable, would vastly improve access to the Siribaya project area and extend the field season.
About the Siribaya Gold Project


Merrex controls 100% of the Siribaya Gold Project comprising over 840 square kilometres of contiguous exploration permits in West Mali including the Siribaya Mega-structure.

The Siribaya Mega-structure has a CIM compliant NI43-101 resource estimate of 4,015,000 tonnes grading 2.39 g/t Indicated (308,200 oz Au) and 946,000 tonnes grading 2.29 g/t Inferred (69,500 oz Au).

The NI43-101 resource is open to the north, south and at depth.

Within the Siribaya Mega-structure there are at least two distinct substructures; the 500 metre wide by 10.5 kilometre long 1B substructure and the twin 500 metre wide x 9.5 kilometre long 1A
sub-structure. The Siribaya Mega-structure has yielded ore-grade drill intercepts in a number of selected targets along its entire length. Recent RC drilling has confirmed extension of the Zone 1B mineralization to an interpreted continuity of over 3 kilometres and the extension of the Zone 1A mineralization to an interpreted continuity of over 2 kilometres with additional mineralized zones discovered also with an interpreted continuity of over 2 kilometres.
The 2010 exploration program also confirmed significant new gold trends at Babara, Bambadinka and West Siribaya.

[Tsuba]

Fri Oct 15, 2010

Reconnaissance Drilling at the SMP Gold Project Intersects Gold Mineralisation in 10 New Targets

--------------------------------------------------------------------------------


Vancouver, October 15, 2010

Helio Resource Corp. ("Helio" or the "Company") (TSX-V: HRC) is pleased to report the results from the recently completed reconnaissance drill programme, including the discovery of a new zone ("Kasuku") with similar style of alteration and mineralisation as the Porcupine Target.

The reconnaissance drill programme tested ten new targets within the SMP Gold Project, all of which intersected bedrock-hosted gold mineralisation. All targets are open for expansion.

The Company has recently completed a detailed interpretation of the structural controls on mineralisation and has identified a number of new targets that will be tested in the next round of drilling.

The most advanced targets at the SMP Gold Project are Porcupine and Kenge. The Company anticipates releasing an initial NI 43-101 compliant resource statement for the Porcupine and Kenge Targets later this month.

Reconnaissance Drill Results

The summer drill programme tested ten new targets with RC ("reverse circulation") and limited diamond drilling. Gold mineralisation was intersected in all ten targets. Numerous, 10 -- 40m wide zones, of low-grade gold mineralisation (0.1-0.4g/t Au) were intersected. Significant interects, i.e. greater than 1g/t Au, were encountered at Reefski, Popo, Dragonfly, Kasuku, Dubwana, Chui, Panya, and Thorntree. The maps below show the locations of these targets. The best results are tabulated below, and a full spreadsheet of all drill results is posted on the Company's website at www.helioresource.com.

Reefski (narrow veins with high-grade intercepts) and Kasuku (wide zones of low grade mineralisation) both have mineralisation outcropping at surface. Kasuku is of particular interest as the style of alteration and mineralisation resembles the Porcupine Target.


Drill hole # Target From (m) Width (m) Grade (g/t Au)

GPR130 Reefski E 6 2 7.2
GPR134 Reefski W 14 2 3.3
GPR135 Reefski W 52 2 4.7
GPR136 Reefski W 4 2 1.1

GPD81 Dragonfly 39 1 1.6
GPD84 Dragonfly 189 1 1.0
GPD88 Dragonfly 130 1 1.3
GPD88 Dragonfly 176 1 2.6
GPD88 Dragonfly 182 4 1.2

GPR123 Popo 14 2 2.0
GPR124 Popo 58 2 1.3
GPR126 Popo 44 2 3.1

KWR007* Kasuku 48 26 0.2
KWR008* Kasuku 82 2 0.9
KWR014* Kasuku 62 12 0.4
KWR018 Kasuku 2 2 1.9
KWR024* Kasuku 12 38 0.2

KWR033 Panya 82 2 2.4

MNR003 Chui 6 2 1.0

MNR031 Dubwana 24 2 1.1

SWR26* Thorntree 56 2 0.8

* Not 1.0g/t Au cut-off grade


About the SMP Gold Project

The SMP Gold Project is located in the Lupa Goldfields in SW Tanzania. Tanzania is currently the 4th largest gold producer of Africa and growing thanks to presence of major mining companies like African Barrick Gold and AngloGold Ashanti. The Project is made up of 5 contiguous licences giving Helio control of a 35km section of the Saza Shear Zone, the main mineralised zones in the region. After closing a $6.2million financing with the IFC in February 2010, Helio has been working on its 20,000m drill programme leading up to its first NI 43-101 compliant resource calculation for the SMP Gold Project by Golder Associates covering the Kenge and Porcupine Targets later this month.

Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101, supervises the exploration at the SMP project, including the sampling and quality assurance / quality control programmes, and has reviewed the contents of this news release. Intercepts are reported as drilled widths, true widths are estimated to be approximately 50-95% of the drilled widths For diamond drill core (hole number ends in "D"), continuous 1m samples were taken every through the main mineralised zone, and 2m samples were taken outside this. Samples were split with a core saw and one half was retained on site. For RC drilling (hole number ends in "R"), composite 2m samples were made by riffle splitting, and a reference sample retained for future work. All samples were submitted to the lab with internal QA/QC checks including the use of blanks and standards (ave. 1 every 17 samples) and duplicates (ave. 1 every 25 samples). Samples were assayed at the SGS Laboratory in Mwanza, Tanzania by 50g gold fire assay. As well as the Company's internal QA/QC programme, SGS also applied their own internal QA/QC programme, consisting of insertion of standards and duplicates. Weighted average intercepts are calculated using a 1.0g/t Au cut-off, unless otherwise stated.

For additional information, please contact Richard Williams or Irene Dorsman at [phone] or by e-mail to [e-mail] or [e-mail].

[Tsuba]

ALEXIS MINERALS CORPORATION

Pour diffusion immédiate Communiqué

L'étude de faisabilité d'Alexis accroît substantiellement les ressources aurifères à
Snow Lake

Le 27 octobre 2010 – Toronto, Ontario

: CORPORATION MINIÈRE ALEXIS [TSX :
AMC] [OTCQX : AXSMF]

(« Alexis » ou la « Société ») a le plaisir d'annoncer une
augmentation substantielle des ressources aurifères à la mine Snow Lake de la Société, située à
Snow Lake au Manitoba.


Des augmentations au niveau du tonnage, du nombre d'onces d'or
contenues et du niveau de confiance global des ressources sont à noter dans les deux zones
principales, soit la mine Principale et la zone no. 3.

Les programmes de forage intercalaire en
2010 avaient principalement pour but de convertir les ressources présumées et se sont soldés

par :

· Une hausse de 63 % de l'or contenu (54 270 onces) en ressources mesurées et indiquées
dans la zone no. 3 en raison d'une augmentation de 73 % du tonnage (287 150 tonnes); et

· Une hausse de 30 % de l'or contenu (138 839 onces) en ressources mesurées et indiquées
dans la mine Principale en raison d'une augmentation de 70 % du tonnage
(1 980 000 tonnes).

Les ressources sont présentées au tableau 1 et confirment que la mine Snow Lake renferme :

· 5 471 000 tonnes de ressources mesurées et indiquées à une teneur de 4,14 g/t Au, équivalent
à 728 000 oz Au; et,
· 2 367 000 tonnes de ressources présumées à une teneur de 4,43 g/t Au, pour 336 700 oz Au
de plus.
La propriété Snow Lake continue de montrer un fort potentiel d'accroître les ressources par le
biais de travaux d'exploration.

Les ressources sont considérées comme étant ouvertes dans l'axe
de plongée à la mine Principale ainsi que dans la zone no. 3.

La minéralisation dans les zones
Boundary, Bounter et Kim, toutes situées à proximité de la mine, devra faire l'objet de travaux de
forage supplémentaires pour évaluer les secteurs connus de minéralisation. Deux foreuses de
surface sont présentement affectées à l'exploration en surface et une troisième foreuse sera
mobilisée sous peu.

Les ressources avaient fait l'objet d'une estimation antérieure, présentée dans l'évaluation
préliminaire du gîte (voir communiqué du 8 mars 2010). Les récents travaux de forage
intercalaire en 2010 ont permis de rehausser la qualité des données portant sur les ressources
minérales présumées estimées antérieurement dans ces secteurs. La nouvelle estimation de
ressources minérales tient compte des résultats de forage et utilise une teneur de coupure révisée
plus basse, à 1,95 g Au/t, pour identifier les limites de la minéralisation. La teneur de coupure a
été abaissée (l'évaluation préliminaire était basée sur une teneur de coupure de 3,11 g Au/t) en
raison de la tendance haussière actuelle des prix des métaux.

[Tsuba]

nach meiner erinnerung ist in der SYLVANIA die PPD Pan Palladium aufgegangen
Sylvania sollte von der Finnischen RUUCKI geschluckt werden, wurde aber gecancelt






29th October 2010

JOHANNESBURG (miningweekly.com)


– Total platinum-group metals (PGMs) production at Aim- and ASX-listed Sylvania Resources’ dump operations has further exceeded the company’s expectations in the first quarter of the 2011 financial year.

Earlier this month, the company reported that its Sylvania Dumps Operations (SDO) had produced a record 8 621 oz of gold in the three months ended September 30, 2010.

Sylvania, which is led by CEO Terence McConnachie, on Friday reported that an additional 137 oz of PGMs were received after refinery corrections, pushing first-quarter output to 8 758 oz, representing a 32% increase on the 6 611 oz produced in the fourth quarter of the previous financial year.

Further, this was also 758 oz higher than the company had initially projected.

The company attributed the good production results to the start up of its R97-million Doornbosch PGMs and chrome recovery plant, as well as ongoing improvements at its other four recovery plants.

Sylvania holds a 74% interest in SDO, which treats chrome tailings to recover PGMs from Samancor Chrome’s mines on the eastern and western limbs of South Africa’s Bushveld Igneous Complex.

Production for the full financial year to end June 2011 was projected to amount to 40 000 oz of PGMs.

Meanwhile, the company noted that its revenues for the first quarter increased by 4% to R60-million, compared with the R58-million in revenues earned in the previous quarter, despite the strengthening rand.

The rand had traded at an average R7,13 against the dollar in the first quarter of Sylvania’s current financial year, compared with R7,58 to the dollar in the fourth quarter of the previous financial year.

Production costs declined by 13% to $655/oz, compared with costs of $704/oz in the fourth quarter of the 2010 financial year.

[Tsuba]

Release

Alexis’ Snow Lake Feasibility Study Projects 80,000 Ounces Annual Gold
Production on New Reserves of 450,000 Ounces Gold

November 3, 2010 – Toronto, Ontario: ALEXIS MINERALS CORPORATION [TSX: AMC]
[OTCQX:AXSMF]
("Alexis" or the “Company")
announces favourable results from a feasibility study
on its Snow Lake Mine in Snow Lake, Manitoba (the “Feasibility Study”).


The Feasibility Study
confirms mining an estimated 80,000 ounces gold (oz Au) per year over five years at average cash cost of
US$ 640 oz Au, after an initial capital cost of C$39.7 million over a 12 month period.

[Tsuba]

Coeur to expand gold production by 535% to 170,000 ozs


With three new precious metals mines in place, Coeur says it is well positioned to take advantage of very strong gold and silver prices.


Posted: Friday , 05 Nov 2010

RENO -

Coeur d'Alene Mines reported a 105% increase in gold production during the third quarter, primarily as a result of initial gold production at the Kensington mine in Alaska and a 49% increase in Palmarejo gold production.

The company produced 4.3 million ounces of silver and 47,514 ounces of gold during the quarter, compared to 5.2 million ounces of silver production and 28,955 gold ounces during the third quarter of 2009. The third quarter of 2010 marked the first full quarter with all three of the company's new mines in production.

During a conference call with analysts Thursday, Coeur CFO Mitchell Krebs said, "This past quarter, we demonstrated the beginning results of our strategic plan, investing in three new precious metals mines, which are now gaining momentum, delivering higher production in metal sales and cash flow and lower operating costs."

"This momentum will continue building through the remainder of 2010, with an expected 135% increase in full-year gold production over the last year along with 17 million ounces of silver production at an average cash cost of about $5.50 per ounce of silver," he added. "All three of our new mines are now in production and 2011 will represent the first year all three mines will contribute production in cash flow for a full year at the same time."

Krebs also noted that the expansion of the Rochester mine in Nevada will add a fourth major contributor to the company's three new mines.

"Our production, sales and cash low are climbing rapidly, while our operating costs and capex are declining leading to a growing cash balance," he added.

FINANCIALS

For the third quarter of 2010, Coeur reported a net loss of $22.63 million or negative 25-cents per share, compared to a net loss of $17.3 million or negative 23-cents/sh for the third quarter of 2009.

For the first nine months of this year, Coeur reported a net loss of $81.4 million or negative 94-cents per share, compared to a net income of $384,000 or 1-cent/ for the first nine months of 2009.

[Tsuba]

News

ATW to Recoup Environmental Bonds - Cancels Private Placement
November 5, 2010

ATW Gold Corp (ATW: TSX-V), (“ATW” or “the Company”), announces that it has been notified by the Department of Mines and Petroleum of Western Australia, that the environmental bonds related to the mining leases at Burnakura have been retired.

ATW will receive the majority of the $1,000,000 AUD attached to the aforementioned bonds.

The Company has reviewed its current financial position, inclusive of bond payback and has determined it will not be proceeding with the private placement announced on November 2, 2010.

ATW is pleased to have avoided the shareholder dilution that would have been associated with the private placement.

To find out more about ATW Gold Corp. please contact investor relations at 604-662-8184 or email [e-mail]. You may also visit our website at www.atwgold.com.

ATW GOLD CORP.

[Tsuba]

NEWS RELEASE

MERREX GOLD INC.

ACQUISITION OF JUBILEE ZINC PROJECT 50% INTEREST

HALIFAX, NOVA SCOTIA -- (Marketwire November 17, 2010) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) is pleased to announce:
Acquisition of Jubilee Zinc Project 50% Interest
Further to Merrex’s initial news release of August 26, 2010, Merrex has received TSX Venture Exchange acceptance to the acquisition of a 50% interest in the Jubilee Zinc Project from Frontline Gold Corp. for 1,000,000 common shares of Merrex. Merrex already owns the other 50% of the Jubilee Zinc Project. Closing is scheduled for November 24, 2010.

Merrex is a Mali focused gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a partner and an expanding gold resource … a winning combination offering investors an extraordinary opportunity.
Please visit our website at www.merrexgold.com for the most recent

[Tsuba]

Meldung ueber eine Ringeltaube gen. bomb shell

Blind in Columbien, Gauer Star ist ansonsten grundsolide und gewaltig


"""""""
Greystar Hits 189.5 g/t Gold and 701 g/t Silver Over 1.5 Metres at Cristo Rey
.Companies:Greystar Resources Ltd.Related Quotes

Symbol Price Change

GSL.TO 4.22 -0.06


Press Release Source: Greystar Resources Ltd. On Thursday December 16, 2010, 9:48 am
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 16, 2010) - Greystar Resources Ltd. (TSX:GSL - News; AIM:GSL) ("the Company") is pleased to announce that diamond drilling on the northern margin of the proposed pit shell of the multi-million ounce Angostura deposit in northeastern Colombia has returned some of the highest gold-silver grades encountered to date.

The latest results from the Cristo Rey area, which marks the current northern limit of the Angostura deposit, included 189.5 g/t gold and 701 g/t silver over 1.5 metres in hole CR10-05, 6.89 g/t gold and 85.4 g/t silver over 1.6 metre in hole CR10-04 and 12.45 g/t gold and 96.7 g/t silver over 1 metre in hole CR10-02. These significant intercepts confirm the presence of mineralization along strike and down dip in the northern limit of proposed Angostura pit.

"Both exploration and delineation drilling in 2010 continued to show potential for further economic enhancements of the Angostura deposit as evidenced by the latest drill results from Cristo Rey," states Greystar's Executive Vice President, Frederick Felder, P.Geo. "Drilling is also targeting higher-grade mineralization in the Silencio area on the southern margin of the deposit, as well as in the Los Laches area to the northeast."

Previous reported drill holes intersecting the same structure in the Cristo Rey area during 2006 and 2008 contained 74 g/t gold and 167 g/t silver over 3 metres (CR06-03), 10.7 g/t gold and 219 g/t silver over 1.5 metres (VBE06-39), 14.95 g/t gold and 134 g/t silver over 0.7 metres (CR06-04), 8.98 g/t gold and 75 g/t silver over 1.3 metres (VBE06-23) and 4.84 g/t gold and 38 g/t silver over 12.8 metres (CR08-04).

Mineralization in the Cristo Rey area is similar in style to the Veta de Barro area immediately to the south where higher grade structures have considerable strike extent, and although relatively narrow the structures have much higher grades than in the core of the deposit
"""""""""

[Tsuba]

MARIFIL war lange tot, jetzt zuckt es mal

Marifil Signs Letter of Intent for the K-2 Potash Property .
Companies:Marifil Mines Ltd..Related Quotes
Symbol Price Change
MFM.V 0.20 +0.01


Press Release Source: Marifil Mines Ltd. On Tuesday December 21, 2010, 9:45 am EST

LAS VEGAS, NEVADA--(Marketwire - Dec. 21, 2010) - MARIFIL MINES LTD. (TSX VENTURE:MFM - News; "Marifil" or "the Company") announces that it has signed a Letter of Intent of behalf of itself and Marifil's subsidiary Oxbow Holdings Corp. with Saccharum Energy Corp. (TSX VENTURE:SHM - News) of Calgary, AB, for the K-2 Potash property in Neuquen Province, Argentina.

Saccharum has agreed to pay $10,000 for an exclusive 60 day due diligence period to check title and further agrees to purchase all of the shares of Oxbow for a price of one cent per share. Marifil then agrees to restructure its underlying agreement with Oxbow whereby Saccharum can earn a 75% interest in the K-2 property.

Saccharum will pay Marifil US$500,000 in cash plus 2,000,000 Saccharum common shares over three years. The first year's payment to Marifil will be US$150,000 in cash and 1,000,000 shares upon Saccharum's completion of a financing.

Saccharum further agrees to spend US$4,500,000 in work over the next four years as follows: US$1,000,000 per year for the first three years and US$1,500,000 during the fourth year.

Saccharum will also pay Marifil performance bonuses of 1,500,000 shares upon completion of a positive NI 43-101 compliant resource and a further 1,500,000 shares following completion of a Feasibility Study. If Saccharum's share structure exceeds 75,000,000 shares during this agreement the shares payable to Marifil shall be adjusted upward proportionately. Upon completion of Saccharm's earn-in all furher expenditures shall be shared 75:25. If a partner fails to pay its share that partner shall be diluted to a 1.5% Net Smelter Royalty. Saccharum shall have the right to purchase Marifil's royalty for US$15,000,000.

Saccharum is also required to restructure its Board by effecting the appointment of Messrs. Todd Montgomery and Brent Walter as directors.

Mr. John Hite remarks, "We believe this is an important milestone for the Company. Mr. Montgomery was formerly President and CEO of Anglo Potash and Mr. Walter was a director of Anglo Potash. Both men guided Anglo through the discovery and development phase, brought in BHP Billiton to develop the potash deposit, and eventually sold Anglo's remaining 25% of the deposit for US$284,000,000. Bringing these gentlemen onto Saccharum's board will lend credibility to the development of this project."

Marifil also agreed to give Saccharum Right of First Offer for the Company's K-3 potash project located in neighboring Mendoza Province.

This agreement is subject to approval by the Boards of Directors of Saccharum, Marifil, and Oxbow and the TSX. A small finder's fee is payable to a third party.

This press release has been reviewed and approved by John Hite, President of Marifil Mines Ltd. and by Richard Walters, Vice President under whose directions the exploration program is being carried out. Mr. Hite and Mr. Walters are Qualified Persons as defined by National Instrument 43-101.

[Tsuba]

.AXMIN Closes Sale of Four Permits in the Kofi Gold Project, Mali to Avion Gold Corporation
.
Companies:AXMIN Inc..Related Quotes
Symbol Price Change
AXM.V 0.13 +0.01

Press Release Source: AXMIN Inc. On Wednesday December 29, 2010, 10:04 am EST


TORONTO, ONTARIO--(Marketwire - Dec. 29, 2010) - AXMIN Inc. (TSX VENTURE:AXM - News)

is pleased to announce today that it has closed the sale to Avion Gold Corporation ("Avion") (TSX:AVR - News) of the Kofi Nord, Kofi Dabora, Walia (ACGRI) and Dianissi concessions, which are the key permits within the Kofi Gold Project. In March 2010, AXMIN entered into an agreement to sell its interest in the Kofi Gold Project and all ancillary permits in Mali to Avion (see press release March 31, 2010). It is expected that the transfer of the remaining five permits within the Kofi Gold Project will close within 30 days. The sale of the Kofi Gold Project does not include AXMIN's Satifara permit which was the subject of a joint venture agreement in February 2009 with SEMOS, a joint venture between IAMGOLD Corporation and AngloGold Ashanti that operates the Sadiola Mine in Mali.

In consideration for 100% of AXMIN's interest in the nine permits that make up the Kofi Gold Project, Avion has agreed to pay an aggregate amount of C$500,000 and 4,500,000 shares of Avion, of which C$81,250 has been received and 731,250 shares of Avion have been issued. In total AXMIN will receive C$325,000 cash and 2.925 million shares of Avion for its interest in the Kofi Nord, Kofi Dabora, Walia (ACGRI) and Dianissi concessions, 25% of which has been paid. The remaining 75% will be paid in three additional tranches three months, 12 months and 18 months from the date of closing. The closing of the remaining five concessions will take place once closing conditions are satisfied.

President and CEO of AXMIN, Mr. George Roach, comments, "AXMIN is committed and focused on the development of the Passendro project in Central African Republic and the value that we receive from this sale will be fully applied to that end."

About Avion
Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Segala gold projects in Mali. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa. For more information regarding Avion visit its website at www.aviongoldcorp.com.

About AXMIN
AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN has projects in Central African Republic, Mali, Mozambique, Sierra Leone and Senegal. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer. For more information regarding AXMIN visit our website

[Tsuba]

Axmin enters into agreement with Javelin Corporate Development Partners.


(December 21st, 2010) – AXMIN Inc. (TSX VENTURE:AXM) is pleased to announce that it has entered into an agreement (the “Agreement”) with Javelin Corporate Development Partners Inc. (“Javelin”), a corporate development and investor relations firm that provides the tools necessary for junior resource companies to enhance value and increase access to capital markets. Under the Agreement, Javelin will help to develop a comprehensive marketing and investor communications program to reacquaint the market to the significant upside potential of AXMIN. As part of its mandate, Javelin will be introducing AXMIN to analysts, brokers, money managers and other financial professionals. Javelin will not provide market making activities for AXMIN.


The Agreement is for a one year term, renewable by mutual agreement of both parties thereafter. Javelin will receive a monthly fee of C$10,000 (plus HST) in remuneration for its services, and is reimbursed for all approved expenses. Javelin is not related to the company and has neither direct nor indirect interest in the Company or its securities.

President and CEO of AXMIN, Mr. George Roach, comments:

“We are excited to have Javelin as our partner in a corporate development capacity. AXMIN fits well with Javelin’s criteria of unlocking shareholder value in resource companies with high quality assets that are significantly undervalued”.

Recently, AXMIN reached a major milestone at its Passendro Gold Project. With the revalidation of the feasibility study nearing completion and the recent acceleration of its debt financing, AXMIN is now moving into a much more active phase of development. As result, we recognize the importance of broadening our communications program to further enhance shareholder value.”

About Javelin

Javelin is a Toronto based mining industry consulting firm that assists junior resource companies in effectively communicating their stories to the market. Clients are selected in instances where Javelin has identified opportunities to unlock and expose previously unrealized shareholder value. Launched in October 2010, the Javelin team is headed by Jed Richardson, Principal.

About AXMIN

AXMIN is a Canadian exploration and development company with a strong focus on central and West Africa. AXMIN has projects in Central African Republic, Mali, Mozambique, Sierra Leone, Senegal and Zambia. AXMIN is positioned to grow in value as it progresses its Passendro Gold Project towards development and builds on its project pipeline focusing on transitioning from an explorer to producer. For more information regarding AXMIN visit our website at www.axmininc.com.

[Tsuba]

gestern etwas CDE verkauft, waren gut 10% gestiegen aufgrund einer

Empfehlung der Deutschen Bank

Was die empfielt, loest mir Beklemmung aus

OOoooh Ihr kleinen Zwerge, lauft auf den kurzen Beinchen und schaut nach Snowwhite ooooohh



AXMIN mit klarer Strategie, debt and demenz free

12.01.2011


"""AXMIN Strengthens Balance Sheet from Sale of Non-Core Assets
.
Companies:AXMIN Inc..Related Quotes
Symbol Price Change
AXM.V 0.18 0.00


AXMIN Inc. On Wednesday January 12, 2011, 9:46 am


TORONTO, ONTARIO--(Marketwire - Jan. 12, 2011) - AXMIN Inc. (TSX VENTURE:AXM - News) is pleased to report that it has profitably disposed of 9.6 million shares of Copper Development Corporation (AIM:CDC) for net proceeds of approximately C$4.3 million. The sale represents AXMIN's entire position in CDC and helps to further strengthen the Company's financial position. This transaction followed CDC's successful listing on the AIM Exchange in December 2010. CDC's principal asset is its controlling stake in the Hinoba-an Copper Project in the Philippines.

This sale is the most recent of a series of transactions to realize value for non-core assets and focus the Company on the development of its premier asset, the Passendro Gold Project, the first modern gold mine in the Central African Republic ("CAR"). These transactions include:


I. Completion of the sale of CDC for net proceeds of approximately C$4.3MM;


II. Closing on the transfer of four of nine licences in the Kofi Project to Avion Gold Corporation for 65% of C$500,000 cash and 4.5 million shares of Avion, paid in four tranches, (see press release December 29, 2010); closure of the remaining five licences to follow; and,

III. Completion of the sale of AXMIN's interest in Niger Uranium Limited for net proceeds of approximately C$1.1 million.

Proceeds from these transactions are sufficient to cover the costs of the revalidated feasibility study, on target for completion early in the first quarter of 2011 and the second tranche of the bonus payment due to the CAR Government in April 2011. AXMIN also repaid its outstanding loan and accrued interest to its significant shareholder AOG Holdings BV in the sum of C$1.74 million, resulting in AXMIN being debt free.President and CEO of AXMIN, Mr. George Roach, comments, "These recent transactions and the funds received from the November 2010 C$10 million financing have restored much needed financial strength to the Company at a key juncture in its next stage of development. We are in the midst of promising discussions to secure debt facilities to build the Passendro mine, as we demonstrate to our shareholders and other stakeholders the unrealized value in this tremendous asset and our ability to bring it into production."

""""

[Tsuba]

Ist nur fuer Kebbel-Nilpferd_Freaks interessant, die kriegen allerdings jetzt Bimbes


Randgold Exploration RNG.JSE schuettet zum 2ten per 14.01.1011 etwas GFI aus

als reminder etwas aelterer Artikel:



"""""
30th November 2010 JOHANNESBURG (miningweekly.com) – The late Brett Kebble company, the JSE-listed Randgold & Exploration (R&E), will distribute another R330-million in gold shares and dividends to its long-suffering shareholders, taking the totaldistribution to date to R1,5-billion.

At a general meeting in Johannesburg chaired by acting chairperson Motsehoa Brenda Madumise, shareholders gave 100% support to the distribution of 2,2-million Gold Fields shares at R4 a share and a special dividend of 90c a share.

This is the second distribution since the company was taken over from Kebble, following his controversial demise five years ago.

The first was in July and this agreed distribution will take place on January 14.
The company continues to have R190-million in cash.

“We don’t want the cash to burn a hole into our pockets,” R&E CEO Marais Steyn tells Mining Weekly Online.

Steyn sees the company at a crossroads and expects shareholders to know the ultimate direction of the business in the medium term.

“We’ll either return the money to shareholders or put it into assets that will give shareholders a superior return,” he adds.

The company still has outstanding claims against other shareholders that run into billions of rands.

“It’s difficult to put value on these claims. The risks that you embark upon when you issue claims against other parties are substantial.

“But we have definite claims and we’ll have to see whether the legal system will support them and whether we are able to be successful,” he says.

The R330-million to be returned in the latest resolutions is in addition to the nihg-R1-billion paid out earlier plus 55% of JCI shares, taking the value of the total distribution to some R1,5-billion.

Over and above that, there is still the value of R&E itself at R2,60 a share.

There is still no finality on the company’s envisaged resource participation.

R&E holds a spread of prospecting rights in commodities including gold and iron-ore that may still be turned to account."""

[Tsuba]

Helio Files NI 43-101 Technical Report for Initial Resource Estimate

at SMP Gold Project in Tanzania on SEDAR


.
TSX-V Trading Symbol: HRC

VANCOUVER, Jan. 17 /CNW/ - Helio Resource Corp (TSX-V: HRC)
is pleased to report that it has received and filed on SEDAR the independent NI 43-101 technical report concerning the Mineral Resource Estimate for the Porcupine and Kenge targets at the SMP Gold Project in Tanzania (see news release dated November 30, 2010). The technical report is also available on the Company's website at: http://www.helioresource.com/i/pdf/SMP-43101-13Jan2011.pdf.


The Mineral Resource Estimate was completed under the supervision of qualified person Alexandra Harrison (MSc, CSci MIMMM) of Golder Associates (UK) Ltd (Golder).

The resource estimate is the first one calculated for the SMP Gold Project.

Golder reported both a "restrained" and "unrestrained" resource, where the restrained resource has used spatial restrictions during estimation to limit the influence of certain high grade intercepts.


Highlights from the Resource Report


•Unrestrained Measured and Indicated Resource of 589,000 ounces at 1.54g/t Au plus an Inferred Resource of 352,000 ounces at 1.10g/t Au at a cut off grade of 0.3g/t. The restrained estimate at the same cut-off reports 511,000 ounces grading 1.34g/t Au in the Measured and Indicated category plus 308,000 ounces at 0.98g/t Au in the Inferred category.

•Unrestrained Measured and Indicated Resource of 575,000 ounces at 1.65g/t Au plus an Inferred Resource of 321,000 ounces at 1.32g/t Au at a cut off grade of 0.5g/t. The restrained estimate at the same cut-off reports 497,000 ounces grading 1.43g/t Au in the Measured and Indicated category plus 273,000 ounces at 1.19g/t Au in the Inferred category.

The Company has planned a significant drill programme for 2011, with the objective to substantially grow the SMP resource.

At the Porcupine target, the Main, Footwall, Quill and NE Zones are all still open along strike and to depth. At the Kenge target, the SE, Mbenge and Snakebite targets are open for expansion (see Shareholder Update, January 13, 2011)

ABOUT THE SMP GOLD PROJECT

Helio, through its 100% owned subsidiary BAFEX Tanzania Ltd., has completed the earn-in requirements on 4 out of 5 contiguous licences, which cover a 238km2 area within the Lupa Goldfield, SW Tanzania. The earn-in on the fifth licence is scheduled for completion in January 2013.

The SMP Gold Project covers a 35km of the Saza Shear Zone, the main known gold bearing structure in the region. Gold mineralisation is associated with brittle fracture zones and ductile shear zones that cut through intrusive rocks of Lower Proterozoic age. Mineralisation has been dated at 1.93Ga, making it equivalent in age to the mineralised systems in West Africa.

Since June 2006, the Company has drill-tested twenty five discrete targets. Twenty two of the targets have intersected bedrock-hosted gold mineralisation, the most advanced being the Porcupine and Kenge Targets (see the Corporate Presentation on the Home Page of the Company's website at www.helioresource.com).

Chris MacKenzie, M.Sc., C.Geol., Helio's COO and a Qualified Person as designated by NI 43-101, supervises the exploration at the SMP project, including the sampling and quality assurance / quality control programmes, and has reviewed the contents of this news release.

ON BEHALF OF THE BOARD OF DIRECTORS """""

[Tsuba]

Sylvania reports strong Q2 output, set to achieve FY target
28th January 2011

JOHANNESBURG (miningweekly.com)


− Aim- and ASX-listed Sylvania said on Friday that its Steelpoort platinum operation in South Africa increased production by 31% during the second quarter, keeping the miner on track to reach its targeted 40 000 oz production for its 2011 financial year.

The platinum-miner reported total production of 10 135 oz three platinum group elements and gold (3PGE +Au) for the three months ended December 2010, which was an increase of more than 1 000 oz on the previous quarter.

Sylvania owns a number of tailings retreatment operations and shallow mining exploration interest in the Bushveld Igneous Complex.

Its Steelpoort operation produced a record 3 612 oz during the quarter, primarily owing to higher grades. The balance included, production at Millsell of 2 014 oz, 1 348 oz produced at Lannex, Mooinooi’s production of 1 318 oz, Doornbosch produced 1 480 oz, and Sylvania’s 25% attributable ounces of 353 oz from CTRP.

The company was able to increase its revenue from its tailings operations by about 30% to R79-million in its second quarter from R60-million in the previous quarter.

Profit margins were further inflated by a stronger basket price of $1 123/oz, while quarter-to-quarter production costs were also cut from $655/oz to $551/oz.Sylvania reported an 80% increase in earnings before interest, taxes, depreciation and amortisation to R23,75-million for its second quarter

[Tsuba]

Nur fuer hardcore goldbugs ein geeignetes Investment




""""Jan 31, 2011 (Zimbabwe Independent/All Africa Global Media via COMTEX) --

Caledonia Mining Corporation, which owns Blanket Mine, increased gold production by 46% to 2 865 ounces in December as the company seeks further reinvestment to lift output to 40 000 ounces annually.

Caledonia, which has since resumption of operations in 2009 bemoaned the intermittent power supply, finally installed standby generators at Blanket mine. The installation of standby generators, expected to be operational by March this year, came at a time the company noted slight power supply improvements.

The company is listed on Toronto Stock Exchange (TSX).

"The production rate achieved by the end of 2010 is over 99% of the target of 40 000 ounces per year and represents a very substantial increase in Blanket's production capacity," said the mining firm in a statement released on TSX on Tuesday. "More importantly the level of production achieved at the end of December 2010 conclusively proved that key aspects of the No. 4 Shaft Expansion Project, namely the underground crushing station, the automated skip loading system and the increased milling capacity all operate well within their design capacity."

Caledonia said the focus after increasing production was to address the historic under-investment in Blanket mine development, equipment and machinery.


"Underground development work has commenced in order to ensure that production levels in years to come can be maintained, as well as providing platforms for underground exploration with a view to potentially increasing production above the currently planned rate of 40 000 ounces per annum.


"This development work, in conjunction with reinvestment in equipment and machinery, is expected to have a temporary effect on production in Quarter 1 of 2011, but it is still anticipated that Blanket will produce 40 000 ounces in 2011," added the mining company.
Caledonia said they were mitigating against power cuts but Blanket had experienced considerable unexpected delays with the delivery of the 33kiloVolt electrical switchgear which was required for the installation and commissioning of the four generating sets.
"It is anticipated that the entire 10 Megawatt generating system will be operational by the end of March 2011 at which point Blanket will be able to maintain all mining, hauling and milling operations during interruptions to the electricity supply," said Caledonia.


"Subsequent to Blanket entering into a new supply agreement with the Zimbabwe Electricity Supply Authority, electricity supply has been more stable. Whilst Caledonia welcomes the improvement in electricity supply it still believes it is prudent to proceed with its plans to equip Blanket with full standby generating capacity to safeguard production against any future power interruptions."
Electricity supply remained the debilitating factor in the full recovery of the mining sector and analysts point that while standby generators could mitigate the effects, the downside was increased operating costs.
"""""

[Tsuba]

GFI ist ein Major; doch South Deep in RSA die Reise zum Mittelpunkt der Erde




"""" Gold Fields Aims For Future Production Base Of 5 Million Ounces Of Gold

28 February 2011, 5:16 p.m.

Of Kitco News
http://www.kitco.com/



(Kitco News) - Gold Fields is aiming for development or production of 5 million ounces of gold by 2015, its chief executive said Monday.

The company produced 3.5 million ounces in 2010, and its recently released quarterly earnings report projected between 3.5 million and 3.7 million ounces for 2011.


“We believe we can grow the production base to 5 million ounces,” said Nick Holland, chief executive officer of the world’s fourth-largest gold producer. He made his remarks during the BMO Capital Markets Global Metals and Mining Conference in Hollywood, Fla.

Gold Fields aims to increase gold output at South Deep in the South African region to 750,000 ounces per year by the end of 2014, Holland said. Deep South produced around 175,000 ounces in 2009 and some 275,000 in 2010.A construction decision on Chucapac in southern Peru, a joint venture with Buenaventura, is expected in the next 18 to 24 months, Holland said.

The CEO also addressed a number of other projects under study, including the Yanfolila project in the African nation of Mali and a gold-copper project in the Philippines. The company has an option to acquire 60% of the latter for $340 million and has already paid $54 million, Holland said ...........""""

[Tsuba]

Iamgold erhoeht anteil an MERREXMERREX GOLD INC.
NEWS RELEASE

Merrex Gold Private Placement

HALIFAX, NOVA SCOTIA -- (Marketwire March 10, 2011) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) is pleased to announce:

Private Placement
Merrex announces a private placement of 4,545,455 common shares at a price of $0.55 per share to net to treasury C$2,500,000. The placee is IAMGOLD Corporation, Merrex’s earn-in partner on the Siribaya Gold Project in West Mali, and upon closing this purchase will increase IAMGOLD’s shareholding to 13,116,883 common shares representing 14.5% of the issued capital.

The private placement is subject to regulatory approval. Upon issuance, the private placement shares will be subject to a four-month hold period. The closing price of Merrex’s shares on the TSX Venture Exchange on March 9, 2011 was $0.56 per share.

About the Siribaya Gold Project

The 848 km2 Siribaya Gold Project in West Mali is Merrex’s flagship property. The Siribaya Gold Project is being explored in conjunction with Merrex’s 50% earn-in partner IAMGOLD Corporation. The 2011 exploration program within the Siribaya structures include 17,000 metres of RC drilling to further extend the explored strike length of the Siribaya trends from three to six kilometres, and 10,000 metres of diamond drilling to increase the present NI 43-101 resource.
Outside of the Siribaya structures new mineralized trends have been discovered; Siribaya West which lies to the west of the Bambadinka trend, and the Babara trends which lie to the east of Siribaya on the Babara and Kofia permits. These trends will be further tested during the 2011 field season.
Merrex is a Mali focused gold exploration company with experienced management, a solid exploration team, a prominent gold-producer as a partner and an expanding gold resource … a winning combination offering investors an extraordinary opportunity.
Please visit our website at www.merrexgold.com for the most recent corporate presentation.

[Tsuba]

Analyse von SIEGEL auf Goldhotline, heute

"""30.03.11 Harmony (SA, Kurs 10,35 Euro, MKP 6.142 Mio A$) meldet für das Dezemberquartal (Märzquartal) eine Goldproduktion von 323.275 oz (333.276 oz), was einer Jahresrate von etwa 1,3 Mio oz entspricht. Harmony betreibt 12 Untertageminen in Südafrika und die Hidden Valley Mine in Papua Neuguinea, aus der etwa 8 % (5 %) der Produktion stammt. Das Hidden Valley Projekt wird in einem 50/50 Joint Venture mit Newcrest betrieben. Bei Nettoproduktionskosten von 979 $/oz (829 $/oz) und einem Verkaufspreis von 1.371 $/oz (1.109 $/oz) konnte die Bruttogewinnspanne von 280 auf 392 $/oz erhöht werden. Der operative Gewinn erreichte 43,0 Mio A$, was einem aktuellen KGV von 35,7 oder 133 $/oz entspricht. Auf der Basis einer jährlichen Produktion von 1,3 Mio oz erreicht die Lebensdauer der Reserven 37,0 Jahre (32,5 Jahre) und die Lebensdauer der Ressourcen 145,5 Jahre, so daß erhebliches Wachstumspotential besteht. In Papua Neuguinea verfügt Harmony zusätzlich über 40,3 Mio oz Silber und 621.000 Mio t Kupfer. Am 31.12.10 (31.03.10) stand einem Cashbestand von 127,0 Mio A$ (75,9 Mio A$) eine gesamte Kreditbelastung von 1,3 Mrd A$ (1,2 Mrd A$) gegenüber.

Beurteilung: Harmony präsentiert sich als südafrikanischer Standardwert, dem es weiterhin nicht gelingt, solide Gewinne zu erzielen. Sollte Harmony eine jährliche Produktion von 1,3 Mio oz mit einer Gewinnspanne von 300 A$ erzielen können, würde das KGV auf 15,8 zurückfallen. Positiv sind die umfangreichen Reserven und Ressourcen. Negativ sind die schwachen Managementleistungen der Vergangenheit. Harmony erscheint im Vergleich zu Gold Fields derzeit zu teuer. Harmony ist derzeit in keinem Stabilitas Fonds enthalten."""
Ende Zitat



Klar und deutlich, aber sind das wirklich die entscheidenden Punkte fuer HAR?

Ist GFI das bessere Invest per heute?

Tsuba meint Nein

HAR ist ein schlafender Riese, GFI ist ein rennender Riese

[Tsuba]

HAMBRO




""""""" Published in Company Comment on 6 April 2011


But high costs at Petropavlovsk are a risk.

All that's gold does not glitter. That, at least, might be a suitable re-casting of the proverb for Petropavlovsk (LSE: POG), the Russian gold miner invariably described as "the company formerly known as Peter Hambro Mining".

The company's unfortunate fate has been to prove that the share price of gold miners is not guaranteed to track the price of gold itself. Petropavlovsk's shares have dropped 26% in the past twelve months whilst the metal is up 20% in sterling terms.

Results

The company's results for 2010 show the reason. Higher prices on flattish volumes could not compensate for substantial rises in extraction costs.

In numbers, a 29% increase in the price of gold sold, with sales up just 1.7%,

produced a 30% increase in revenues to $612m. But an eye-watering 84% increase in the unit cost of production from hard rock mines and 12% increase in alluvial production costs squeezed profits, down 5% to $229m before exceptionals.

The company truly found itself between a rock and a hard place. A combination of misfortune and misjudgement held back production and forced the company to mine lower grade ores which cost more to process. And cost inflation across the board completed the squeeze.

Extreme cold and subsequent flooding which interrupted mining at the flagship Pioneer open-cast pit constituted the misfortune. The company's operations are located deep in the east of a country which experienced an exceptionally cold winter.

A delay of several months in the delivery of vital excavator equipment was arguably misjudgement. Though the company maintains that the orders were placed "in good time", it changed procedures in 2010 to allow for such delays which are hardly unusual in Russia. These factors together led to several downgrades in production forecasts through the course of the year, which had a knock-on effect on the share price.

Costs
Savage cost inflation will potentially have longer lasting consequences. In roubles, electricity costs increased by 16%, diesel 12%, chemical reagents between 7% and 19%, and wages 6%. This is probably an enduring increase in the cost base and possibly a worrying indicator of future trends. The impact in 2011 was amplified by a 5% appreciation of the rouble against the dollar.

$25m of exceptional costs were incurred by a Chinese partner withdrawing from a proposed titanium joint venture, and by unwinding the financial structure of IRC, an iron-ore miner which Petropavlovsk floated on the Hong Kong stock exchange during the year.

Earnings per share of 11 cents (25 cents before exceptionals) barely compared with 2009's 98 cents, and did not cover the dividend of 15.6 cents.

Transition
Making the best of a bad job, Chairman Peter Hambro described 2010 as a transitional year. It is fair to say a number of initiatives were implemented which set the stage for improved performance in the future. Management, finance, capacity and reserves were all boosted.

The company explicitly recognised management failings in its transformation into a multi-mine group. The board was strengthened with more operational expertise, strategic and tactical committees were formed, and management capability was enhanced at the operational level.

Finances were bolstered by $240m proceeds from the flotation of IRC, in which Petropavlovsk retains a 65.6% stake, and by a £380m convertible bond issue. With a conversion price of £12.93, this should not prove too dilutive. Net gearing is just 12%.

The production capacity was augmented by a new milling line at the Pioneer mine increasing capacity by 80%, and the start of mining at the Malomir mine, also open pit. A further open pit mine, Albyn, is due to be commissioned in the fourth quarter of 2011. Production is estimated to be up 18% to 600,000oz in 2011, and capacity is planned to double by 2015.

Reserves
And finally, proven and probable reserves increased by 36% to 9.1m oz. This arose from exploration successes at the Malomir and Pioneer mines, and equates to 15 years of production at 2011's planned rate.

Putting together the 20% increase in gold prices and the 36% increase in reserves, Petropavlovsk's 26% share price decline might look oversold. The prospective P/E of 10.3 certainly looks on the low side, and reflects the company's recent record of failing to deliver.

"""""""

[Tsuba]

Sylvania reports record quarterly platinum production
19th April 2011

JOHANNESBURG (miningweekly.com) –

Aim-listed Sylvania Platinum has exceeded its targeted production expectations of 10 500 oz by achieving an all-time production record of 10 768 oz in the third quarter, ended March.

The miner on Tuesday reported that the quarterly production results supported the yearly outlook of 40 000 oz for the financial year to June, supported by the ramp-up of its dump operations.

Sylvania earlier this month said the ramp-up would continue into the next financial year, when the company expected to achieve the full capacity production volume of 60 000 oz/y.

Deputy CEO Nigel Trevarthen said all Sylvania's five operating plants had shown improvements and continued to outperform targeted production rates.

“We look forward to reporting further progress with production data, as well as a full overview of exploration developments at our upcoming quarterly results, due at the end of April,” he noted.

Sylvania had also progressed well with its near surface exploration programme at its new Volspruit mine, with bulk sampling, Mintec float test results and direct current smelting trial prefeasibility results all under way.

Exploration work at the Northern Limb assets was also advancing well.

[Tsuba]

Release ist 2 Tage alt, diese Millenium ist nur was fuer Freaks und Minengourmets

"""""
International Millennium Hits Four Significant Ag/Au Zones in Drill Hole 11NL-5 at Nivloc Mine Project Nevada

International Millennium Mining Corp.

(“IMMC” or the “Company”) is pleased to report that initial results of its diamond drilling program commenced December 21, 2010, at the Company’s Nivloc Mine Ag/Au Project, in Esmeralda County, Nevada include the following four gold (Au) and silver (Ag) intervals in hole 11NL-5: (from 613.7 feet to 729 feet depth in the hole) 18.8 feet grading 7.10 oz/t Ag (ounces per ton), and 0.074 oz/t Au; 9.8 feet grading 13.74 oz/t Ag and 0.026 oz/t Au; 28.0 feet grading 8.05 oz/t Ag and 15.7 feet grading 3.29 oz/t Ag and 0.182 oz/t Au (a complete description of the intervals is set out in the following table)."""""

[Tsuba]

MERREX GOLD INC.


Merrex Closes Private Placement with IAMGOLD

HALIFAX, NOVA SCOTIA -- (Marketwire May 2, 2011) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) is pleased to announce that the private placement to IAMGOLD Corporation (“IAMGOLD”) has closed. (News release March 10, 2011)

The private placement of 4,545,455 common shares at $0.55 per share netted to treasury C$2,500,000.

The placee, IAMGOLD, is Merrex’s 50% earn-in partner on the Siribaya Gold Project in West Mali and, after closing this placement, IAMGOLD will hold 13,116,883 common shares representing 11.37% of Merrex’s issued capital. The shares are subject to a four-month hold period.

About the Siribaya Gold Project

The 848 km2 Siribaya Gold Project in West Mali is Merrex’s flagship property. The Siribaya Gold Project is being explored in conjunction with Merrex’s 50% earn-in partner IAMGOLD Corporation. The 2011 exploration program within the Siribaya mega-structure includes 17,000 metres of RC drilling to further extend the explored strike length of the Siribaya trends from three to six kilometres, and 10,000 metres of diamond drilling to increase the present NI 43-101 resource.

Outside of the Siribaya structures new mineralized trends have been discovered: Siribaya West which lies to the west of the Bambadinka trend, and the Babara trends which lie to the east of Siribaya on the Babara and Kofia permits. These trends will be further tested during the 2011 field season.

[Tsuba]

Nairobia wird genannt, weil es in DarEssalam noch keinen Internetanschluss gibt?

macht nix,
jetzt weiss ich auch warum auf der DLKM-homepage bis vor kuzem getrommelt wurde


Tsuba



Quelle: AllAfrica.com

East Africa: Gold, Coal to Help Tanzania to Grow Mining By 7.7 Percent


2 May 2011

--------------------------------------------------------------------------------






Nairobi — Tanzania hopes to grow its mining industry by at least 7.7 per cent annually for the next five years.The growth of the industry will be mainly buoyed by increased investment in the production of coal, uranium and nickel -- three sub sectors the government sees as potential big income earners. The Tanzania Mining Report in the Business Monitor International magazine said increased gold production and large-scale commercial uranium mining would also drive this growth.




Tanzania is Africa's third largest gold producer after Ghana and South Africa but also has reserves of diamonds, uranium, nickel and coal.

"Coal is set to become one of the fastest-growing mining sectors in Tanzania as the country looks to coal-fired power to offset an energy shortage that is holding back development," the report said.

Tanzania's coal fired generation of power is set for a significant boost after a joint venture between the government and a private company, Tancoal Energy.

Mineral resources




"We have hit intended targets and there are 400 million metric tonnes of coal in the Ngaka basin, which is a big resource base," said Peter Tsegas, managing director of Tancoal.

Earnings from gold exports jumped by 62 per cent in the year to July 2010 to $1.36 billion, while volumes rose by 31 per cent to 38.1 tonnes, according to the country's central bank.
.................

[Tsuba]

NEWS RELEASE

MERREX GOLD INC.

Merrex Zone Bambadinka Update

HALIFAX, NOVA SCOTIA -- Marketwire May 4, 2011

- Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") #TSX Venture: MXI# is pleased to provide the following update on exploration at Zone Bambadinka at the Siribaya Gold Project in West Mali.


Zone Bambadinka

Zone Bambadinka is a gold-anomalous trend located two kilometres west of the Siribaya mega-structure extending approximately 10 kilometres on a north-south strike and approximately one kilometre east-west. Originally identified as a massive geochemical anomaly with 25 soil samples assaying over one gram per tonne, Zone Bambadinka is now being tested with mechanized auger drilling.

The east-west lines are of variable length but generally are approximately one kilometre long with 20 metre hole spacing and to varying depths but approximately 10-12 metres.

The northern fences in the area of the strongest geochemical response are spaced at 200 metre step-outs and the southern fences at 400 metre step-outs. To date approximately 9,781 metres of auger holes have been drilled.

The selection of shallow mechanized auger drilling was to penetrate the 5 to 10 metre laterite cover and sample the first 3 to 5 metres of Saprolite bedrock below.

Auger drilling has now covered approximately eight kilometres of the ten kilometre north-south strike of Zone Bambadinka with significant gold mineralized intersections in the near- surfac

[Tsuba]

Drum rotiert der Missionar im grossen Eisenkessel


Caledonia Mining First Quarter 2011 Results

Toronto, Ontario – May 18, 2011:

Caledonia Mining Corporation (“Caledonia” or the

“Corporation”) (TSX: CAL, NASDAQ-OTCBB: CALVF, AIM: CMCL) is pleased to
announce its first quarter 2011 operating and financial results.
The financial results below are reported in Canadian dollars, except where otherwise
stated.
Highlights:

• Gold production increased by 17% to 7,322 ounces compared to 6,235 ounces in
the fourth quarter 2010 (Q1 2010: 3,129 ounces). Gold production in April 2011
was 2,737 ounces.

• Average cash cost per ounce of gold produced decreased by 18% to US$648
compared to the fourth quarter 2010 (Q1 2010: US$807).

• Average achieved price per ounce of gold was US$1,397 (Q1 2010: US$1,107).

• Gross Profit for the quarter (i.e. before depreciation, amortization and
administrative expenses) nearly doubled to $5,248,000 compared to $2,815,000 in
the fourth quarter 2010 (Q1 2010: $449,000).

• At March 31, 2011 the Corporation had net cash and cash equivalents of
$1,406,000 (December 31, 2010: $398,000).

• During the quarter Caledonia made considerable progress in removing the
remaining constraints to Blanket achieving the targeted annual production rate.

• The 2011 drilling program commenced in March 2011 at the Konkola West area of
the Nama base metals project in Zambia.


Commenting on the results, Stefan Hayden, President and CEO, said: “I am very
pleased to report a strong first quarter performance for 2011. The increased production
coupled with the continued strength in the gold price and a reduction in Blanket’s cash
cost resulted in a substantial improvement in Caledonia’s profitability and cash
generation.
“We have made significant progress during the current quarter to address the remaining
constraints which, once solved, should enable us to reach our target of 10,000 ounces
per quarter. A new ore pass was raise-bored and commissioned on May 13, 2011. The
commissioning of the complete standby generating system commenced on May 16,
2011 and is expected to be completed by the end of May, after which Blanket will be
able to maintain full operations during any interruption to the normal power supply. I am
confident that Blanket will achieve its targeted quarterly production from the third quarter
of 2011.

[Tsuba]

Minen Gourmets Only




01.06.2011

Sylvania Platinum Limited

("Sylvania Platinum", "Sylvania" or the "Company"

(ASX (Other OTC: ATKEF.PK - news) : SLP, AIM: SLP)



PGM Operations Update, South Africa



Following the announcement on 4th April 2011, Sylvania Platinum, the low cost producer of Platinum Group Metals, today announces an operations update relating to its PGM tailings retreatment plants at Mooinooi and Lannex and on plant development progress at the Tweefontein project.



Highlights



Mooinooi Tailings Plant (Western Limb, Bushveld Complex)

· Joint investment project with the host mine to expand Run of Mine (ROM) capability through the construction of a Heavy Media Separation (HMS) plant is now complete and commissioned on time and in budget.

· Whilst total plant feed remains at 40,000 t/mth, the increased ROM feed allows better recoveries and is expected to increase by 220 oz. per month

· Mine life extended from 5 year dump project to a +15 year dump and run of mine project due to displacement of dump feed.

· Run-of-Mine (ROM) throughput increases from 15,000 t/mth to 40,000 t/mth

o Ability to treat lumpy chrome ore directly from underground

o Waste separation now possible thus increasing recovery

· Importantly, this projects allows a second phase expansion at the plant, recently approved by the board which, through the construction of additional chrome spiral capacity and a second PGM flotation plant, will;

o Allow ROM feed to increase to 60,000 t/mth

o Allow additional tailings retreatment and thus total plant feed will increase to 75,000 t/mth

o Allow PGM production to increase to +1,600 oz/mth

· Phase 2 is due to be completed in November (Berlin: NBXB.BE - news) 2011



Lannex Tailings Plant (Eastern Limb)

· New Lannex tailings dam completed April 2011 - now commissioned



Tweefontein Development Project (Eastern Limb)

· Final project study for the Tweefontein chrome and PGM plant is complete

o Project to be presented to the board for approval in June 2011

o Estimated full project cost of R90m made up of the following elements:

§ Construction of plant R64m

§ Infrastructure R16m

§ Power reticulation from national power utility (Eskom) R10m

· Estimate still to be verified by Eskom

o Plant construction will be completed by May 2012

· Tweefontein also has the possibility of a second phase where a similar strategy to Mooinooi is possible where feed could be treated directly from underground. This second phase is still under review with the host mine.



Overall impact

· These changes facilitate Sylvania's targeted PGM production from all sources to increase to 60,000 oz for the financial year ending 30 June 2012.


Commenting today, Terry McConnachie, CEO of Sylvania Platinum Limited, said: "In line with forecasts we are well under way with expanding production at our existing plants in addition to commissioning a sixth operation during 2012. Lannex is ramping up to full production with the completion of the new tailings dam which is now able to receive the final tails after PGE and chrome has been removed We expect the new floatation section and chrome spiral circuit to come online at Mooinooi towards the end of 2011. I would like to thank Nigel Trevarthen and his team for their hard work over the last 12 months."



Nigel Trevarthen, Deputy CEO, added: "The above announcements coupled with record production results from each quarter this year should demonstrate that Sylvania is able to deliver on promises made to the market. We remain on target to achieve 40,000 oz by the end of June 2011 and believe the above expansion projects will allow a continuation of our excellent production performance shown over the past year. In addition, work is progressing well at our Volspruit and Northern Limb projects and we look forward to validating our ability to deliver a profitable business that exploits the low grade deposits in the Bushveld Complex."



Sylvania Platinum announces an operations update of its Platinum Group Metals ("PGM") production operations in the Bushveld complex of South Africa. Sylvania currently has five producing PGM plants. Today's announcement concerns the operating Mooinooi and Lannex plants in addition to the Tweefontein development project. The PGM expansion work being undertaken at these three projects will allow the Company to produce 60,000 oz of PGM material from all sources in the financial year ending June 2012 and is currently expecting to maintain this level of production from dump retreatment until 2017.. Sylvania is on target to meet its 40,000 oz PGM production target for financial year, 30 June 2011.



Mooinooi Tailings Plant (Western Limb, Bushveld Complex)



The Mooinooi plant has been operating at the Samancor Mooinooi mine in the Western Limb since 2009. The plant is currently being fed by 3 sources of material; tailings fed directly from the Samancor chrome plant, tailings from the existing tailings dam and ROM ore coming directly from the underground mining of the MG2 chrome reef seam.



A three stage optimisation programme is currently being undertaken at the Mooinooi plant of which the first stage is complete:

[Tsuba]

PGM_Gourmets, die zweite,



nochmals SYLVANA

von heute 03.06.2011

Sylvania Platinum Limited

("Sylvania Platinum", "Sylvania" or the "Company")

(ASX (Other OTC: ATKEF.PK - news) : SLP, AIM: SLP)



Sylvania and Aquarius SA Agreement to Assess Everest North UG2

Platinum Deposit, South Africa



Highlights

· Agreement with Aquarius Platinum (Berlin: QPMC.BE - news) (South Africa) (Pty) Limited ("AQPSA") relating to PGM bearing ore at Vygenhoek Prospecting Area ("Everest North")

· Feasibility Committee formed to:

- Examine and update existing feasibility study for processing of PGM bearing ore produced at Everest North

- Apply for mining Licence

· Joint Venture ("JV") to subsequently be formed

- Ore to be processed through AQPSA's Everest South Metallurgical Plant

- AQPSA will make available a minimum of 27 000 tons per month of processing capacity

- PGM concentrate expected to be sold to Impala Refining Services

- Mining (Euronext: SMIG.NX - news) and processing costs to be carried by the Joint Venture

Sylvania Platinum, the low cost Platinum Group Metal (AMEX: PLG - news) producer, today announces that it has entered into an agreement with Aquarius Platinum (South Africa) (Pty) Limited ("AQPSA"), a wholly owned subsidiary of Aquarius Platinum Limited, the world's fourth largest primary platinum producer, to examine the feasibility of extracting and processing ore from the Everest North deposit.

Following a six month exclusivity period, calculated from 1 June 2011, a Feasibility Committee (the "Committee") willreview and update the existing feasibility study. The Committee will specifically look at demonstrating the viability of mining for PGMs at Everest North and thereafter treating and concentrating the PGMs at the Everest South Metallurgical Plant to produce saleable PGM concentrate. The Committee shall also compile an application for a Mining Right for Everest North.

Sylvania shall bear all costs related to independent third party experts employed to assist with achieving the objectives of the Committee.

AQPSA and Sylvania will, in the event that the Committee determines that mining for PGMs at Everest North is viable, agree on the conclusion of a Joint Venture Agreement to form an unincorporated joint venture, in which AQPSA and Sylvania will each hold an undivided 50% share ("Joint Venture"), to implement the project. Conclusion of the Joint Venture will be conditional on obtaining approvals from the Boards of Sylvania and AQPSA and obtaining all relevant regulatory approvals. The Joint Venture will have a management committee with equal representation by the parties, to manage and oversee the implementation of the project.

Sylvania will, on the date of the granting by the Department of Mineral Resources of a New Order Mining Right to AQPSA and AQPSA contributing this right to the Joint Venture, pay AQPSA an amount of R6 million in cash.

The Joint Venture shall appoint AQPSA as contract miner to carry out all mining at Everest North, for and on behalf of the Joint Venture, on terms and conditions to be agreed upon between the parties and recorded in the Feasibility Study, which terms and conditions shall be reduced to writing and recorded in a contract mining agreement to be concluded between the Joint Venture and AQPSA.

It is intended that PGM bearing ore produced by the Joint Venture shall be processed through the Everest South Metallurgical Plant and AQPSA shall be entitled to receive from the Joint Venture the costs of the production of PGM concentrate at the Everest South Metallurgical Plant, which costs will be determined in the Feasibility Study. AQPSA will make available to the Joint Venture, a minimum of 27 000 tons per month of its processing capacity at the Everest South Metallurgical Plant, at the aforementioned cost of processing that tonnage. All PGM concentrate produced from mining by the Joint Venture at Everest North shall be sold by the Joint Venture, in accordance with a Concentrate Off-Take Agreement, still to be concluded.

The costs of the mining by the Joint Venture and the costs of the processing at the Everest South Metallurgical Plant will be carried by the Joint Venture and accordingly, the parties will contribute to those costs and share in the profits of the Joint Venture in accordance with their participation interest in the Joint Venture from time to time, which will initially be 50% each.

Terry McConnachie, the Sylvania CEO, commented "Today's agreement with a world-renowned platinum producer will allow us to successfully exploit significant value from the Vygenhoek Prospecting Area. While we are effectively giving away half of our ore resource the advantage to Sylvania is a vastly reduced capex bill and thus increased IRR and NPV. The area has further resource potential for Platinum Group Metals and we are delighted that by signing this JV we are now in a position to re-examine the feasibility study with our new partners, Aquarius Platinum."

[Tsuba]

Schoenes FKK Gelaende in Deutsch-Suedwest exploriert



"""""
Vancouver, June 13, 2011
Helio Resource Corp. (TSX-V: HRC)

is very pleased to report the first diamond drill results from the current drill programme at the Gold Kop Target, on its 100%-owned Damara Gold Project (DGP) in Namibia. The Gold Kop Target is situated 45km northeast of AngloGold Ashanti's (AGA) Navachab gold mine (see map 1 attached).

Highlights•

50m grading 2.1g/t Au, 0.8% Cu and 14.0g/t Ag

•Including 7m grading 9.0g/t Au, 4.43% Cu and 73.0g/t Ag

•Multiple mineralised horizons

•Mineralisation outcrops at surface and is open along strike and to depth

•The intercept is located on the western margin of a 1.2km long IP anomaly which is open to the north

•The intercept is also located within a 4km-long gold in soil anomaly which is open to the southwest

•2 drill rigs (1 diamond and 1 RC) currently active on the Gold Kop target
These results are from the first hole of an ongoing 5,000m drill programme at the Gold Kop Target. OJD1 was drilled to test a large geochemical and geophysical anomaly [see attached maps showing the location of the drill hole in relation to a 4km long gold-in-soil anomaly (Map 2) and a 1.2km long IP geophysical anomaly (Map 3)]. The hole intercepted a number of mineralised horizons, varying from wide zones representing bulk-mineable type targets to narrower high-grade zones. A table of the significant intercepts from the hole is presented below.

The Gold -- Copper -- Silver mineralisation is hosted by a package of tremolite-altered marbles. There is a strong association with sulphides, mainly pyrite with chalcopyrite and pyrrhotite. The highest-grade mineralisation is associated with a zone of fresh massive and semi-massive sulphide and has a Specific Gravity of 4.14.

Drilling to expand and define this large zone of mineralisation is ongoing.

[Tsuba]

SYLVANIA in RSA PGM_Produzent (war frueher PanPalladium)

keine Krawallaktie, arbeiten effektiv und zielstrebig

Tsuba


PLATINUM

Sylvania to sell iron-ore assets to focus on platinum production target




8th July 2011


JOHANNESBURG (miningweekly.com) – Low-cost platinum group metal (PGM) producer Sylvania Platinum said on Friday it would divest its iron assets, on the northern limb of the Bushveld Complex, to enable the company to focus on reaching its 60 000-oz/y PGM target by June next year.
...............

Disposing of the iron asset, would allow the company to concentrate on the production expansion from its PGM tailings dumps and the development of the northern limb PGM and base-metal surface mining operations.

[Tsuba]

Merrex eine kommende schwarze Schoenheit

News Release

MERREX GOLD INC.

Merrex Diamond Drilling Extends 1B Mineralized Zone and Outlines Parallel Mineralized Zone at 1A

HALIFAX, NOVA SCOTIA -- (Marketwire July 11, 2011) - Gregory Isenor, P.Geo., President and CEO of Merrex Gold Inc. ("Merrex") (TSX Venture: MXI) is pleased to release assay results from the first nine holes of the 2011diamond drill program at the
Siribaya Gold Project in West Mali.


Highlights

• All diamond drill holes mineralized


• Zone 1B expanded southward and open


• Gold mineralization in 1A substructure confirmed by diamond drilling for 500 metres and is open in all directions

SEE MAP ATTACHED

Commentary
"I am pleased that the diamond drilling continues to point out the continuity and extension of the mineralization within the Zone 1B area” commented Merrex President and CEO Greg Isenor, “and that to the east of the Zone 1B resource area a new and strongly mineralized zone is developing within the parallel 1A substructure. The exploration at Siribaya has proceeded very well. The 2011 diamond drilling program called for 10,000 metres total with 6,000 metres to be completed prior to the commencement of seasonal rains. That initial objective is now within our grasp. While there has been some slowness with the return of assays, the assay data flow now appears satisfactory and we expect that release of exploration results from both the diamond drilling and RC programs will be continuing as assays are received and processed.”

[Tsuba]

FKK Gelaende in Tansania ist mineralisiert





"""""

Latest drilling discovers multiple zones of gold mineralisation at Porcupine Target - SMP Gold Project, Tanzania

--------------------------------------------------------------------------------



Helio Resource Corp (TSX-V: HRC) is pleased to announce the drill results from the second batch of drill holes (15 holes, including extensions of previous holes, for a total of 1,604m of diamond drilling) of this year's 20,000m drill campaign at the SMP Gold Project, Tanzania.

The drill results come from exploration of the footwall to the Porcupine Main Zone, and the area northeast of the Quill Zone.

Highlights

•Multiple zones of gold mineralisation in the footwall of Porcupine Main Zone discovered:
◦GPD 40 - 5m grading 2.1g/t Au and 24m grading 1.1g/t Au
◦GPD 41 - 27m at 1.0g/t Au and 1m at 11.2g/t Au and 30m at 0.8g/t Au
◦GPD 94 - 19m at 1.1g/t Au
◦GPD 111 - 16.3m at 1.1g/t Au
◦GPD 112 - 34m at 0.7g/t Au

•The footwall zones open up a large area to the west of the resource for further expansion

•Multiple zones of mineralisation found to the NE of the Quill Target, including;
◦GPD 103 - 1m at 4.2g/t Au
◦GPD 108 - 3m at 2.6g/t Au

•The intercepts at Quill are 250m NE of any previous drilling and remain open to the northeast.

A complete table of drill hole results is presented below.



PORCUPINE MAIN ZONE DRILLING

The drill results confirm the presence of multiple zones of mineralisation in the footwall of the main Porcupine Target. The footwall zones are open along strike to the NE and SW, and to depth. Drill hole GPD94, which already had a reported intercept of 12m grading 2.5g/t Au (see Company press release dated June 7, 2011) was extended and intersected a second mineralised zone at depth - 19m grading 1.1g/t Au from 162m.

Subsequently, holes GPD40 and GPD41 (originally drilled in 2009) were extended and also intercepted additional zones of mineralisation (see table below).

Two additional drill holes, GPD111 (16.3m at 1.0g/t Au) and GPD112 were drilled to test the footwall zones at a shallower depth. Notably, GPD112 intercepted another zone of footwall mineralization, returning 34m grading 0.7g/t Au from 97m downhole depth - see table below.

All the updated data will be available to view as a 3D model on http://www.corebox.net/properties/smp.




Porcupine was one of the only two targets included in the initial NI 43-101 compliant resource calculation published in November 2010 (see news release dated November 30, 2010). Gold mineralisation has been identified in a total of 30 targets in the SMP project area.




QUILL ZONE DRILLING


On the Quill zone, a N-S fence of drill holes was drilled across a 400m-wide shear zone 250m NE of all previous drilling. The drill fence intersected 5 discrete mineralised zones, of which GPD108 contained the best intercept; 3m grading 2.6g/t Au.