LATEST NEWS

NORNICK VOTE HAS RUSAL TRAPPED

Norilsk Nickel shareholders prefer the devil they know

Thursday , 03 Jul 2008
Potanin improves his board strength to force Deripaska to withdraw.
RUSSIA’S RICHEST MAN FACES LONDON TRIAL

Rusal’s Oleg Deripaska loses battle to stay out of the High Court

Thursday , 03 Jul 2008
High Court’s Lord Clarke grants Mikhail Chernoy UK jurisdiction to pursue his share of Rusal.
OVERALL SA FATALITIES DECLINE 22%

Gold Fields has worst South African mine fatality rate so far this year

Thursday , 03 Jul 2008
Deaths in South African mine fell from 109 at this time last year to 85 fatalities this year.
HEAVY PROFIT TAKING

Sharp correction in coal prices hits listed stocks

Thursday , 03 Jul 2008
Fundamentals steady, but a correction in frothy spot prices triggers sharp sell off of listed stocks, in coal and beyond.
AL AT 4 MONTH HIGH TOO

Supply doubts push copper price to new record

Thursday , 03 Jul 2008
The 3 month copper price pushed close to $9,000 a tonne before falling back on profit taking as supply doubts continued to affect the market. In the US spot copper moved above $4.00 a pound.
INVESTMENT INSIGHTS

Only one game in world, commodities

Thursday , 03 Jul 2008
ECB President Jean-Claude Trichet appeases PIGS, the dollar thunders along, and investors confirm discovery of the investing world’s new Holy Grail.
A$1.67B COST

Newcrest completes gold hedgebook closeout

Thursday , 03 Jul 2008
Newcrest Mining announced Thursday it has completed its 4-million-plus ounce gold hedgebook closeout this year as originally planned.
STOCK PRICES SINK

Freeport-McMoRan Cerro Verde miners join Peruvian strike

Thursday , 03 Jul 2008
Global copper prices hit a two-month high while stocks of mining companies dropped as more strikers continued to walk off the job at Peruvian mines.
ERNST & YOUNG QUARTERLY IPO REPORT

Credit crunch is taking toll on Canadian junior explorer IPOs

Thursday , 03 Jul 2008
Ernst & Young mining analysts recently said “the credit crunch does not seem to be having a significant impact on the sector.” However, the firm’s Canadian office said Wednesday Canadian junior explorer IPOs are suffering.
SERIES OF PROTESTS PLANNED

South African NUM miners will strike on August 6th

Wednesday , 02 Jul 2008
The NUM said it would hold a series of protests in South Africa's nine provinces, starting on July 9 to July 23, culminating in the national strike by its members.
INVESTMENT INSIGHTS

Is First Quantum a screaming buy?

Wednesday , 02 Jul 2008
Copper metal may be ready to assault its all time record of $8,880 a ton, but many listed copper stocks are priced like dogs.
INVESTMENT INSIGHTS

Uranium One secures $100m debt facility

Wednesday , 02 Jul 2008
But a limited update from the company gives no detail on whether the Dominion project has stopped burning cash.
STATE OF EMERGENCY CONTINUES

Five deaths in Mongolia post-election violence dampens Oyu Tolgoi ratification hopes

Wednesday , 02 Jul 2008
Investors have pinned hopes on a majority government being able to push through a long-awaited draft investment deal that would allow the Oyu Tolgoi copper and gold project to go ahead.
$294M CASH AND PROJECT FUNDING

Korean consortium buys 30% interest in Boleo manganese project

Thursday , 03 Jul 2008
What is believed to the world’s sixth largest manganese deposit got a welcome boost Wednesday as Baja Mining announced it has closed the sale of 30% of the Boleo project to a Korean Consortium.
GOLD TREMENDOUSLY UNDERVALUED

New record gold price highs by end of year expected - Blanchard

Tuesday , 01 Jul 2008
Investors are shifting out of equities and into tangible assets to protect wealth as equities markets continue to decline.
CRISIS TIME

Global listed gold sector on the up

Wednesday , 02 Jul 2008
Led by Goldcorp, trading at record levels, listed gold stocks run hard and move sharply back up the global resources performance ladder.
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GENERAL STRIKE PLANNED TOO

As Peru strike continues miners decide whether to support it

Wednesday , 02 Jul 2008
Workers want ‘fairer share’ of profits from high commodity prices. Some mines still not affected.
CALIFORNIA GULCH SUPERFUND SITE

Asarco, Newmont agree to $38.9m settlement for Lake County Colorado environmental remediation

Wednesday , 02 Jul 2008
The town of Leadville hit another benchmark Tuesday in its campaign to eventually be fully removed from Superfund designation as a $38.9 million settlement to remediate the California Gulch Superfund site was announced.
CLONTIBRET UGRADE

Conroy reports a million ounces of Irish gold

Tuesday , 01 Jul 2008
Irish gold explorer Conroy Diamonds and Gold has announced an upgrade to its Clontibret gold resource which now stands at over 1 million ounces indicated and inferred.
‘BIG PRESSURE’ FOR POWER SUPPLY

China – power under pressure with continuing coal supply shortage

Wednesday , 02 Jul 2008
The price of coal is being brought under temporary government control in China as power generation supplies continue to dwindle.
MEASURES ALREADY IN FORCE

Ghana gold miners negotiate over 100 percent power price increase

Wednesday , 02 Jul 2008
The Ghanaian mining sector, dominated by gold operations, is facing a 100 percent increase in the cost of power which it is reported as saying will put jobs on the line.
STRONG MARGINS

Albidon enters "cashflow stage" with Munali nickel project

Tuesday , 01 Jul 2008
Albidon has produced first concentrate at its Munali Nickel project in Zambia and has plans for growth.
MORE THAN LAST YEAR

European Central Bank gold sales programme complete for this agreement year

Tuesday , 01 Jul 2008
The ECB has announced it has completed its sales of gold during the current sales agreement year, but overall it has sold 20% more metal this year than last.
INFORMAL CONTRACT DEADLINE EXPIRED

China Iron and Steel Association stands pat against BHP iron ore index

Tuesday , 01 Jul 2008
Chinese steelmakers said they support the deal between Baosteel and Rio Tinto, despite the larger price increase compared to Brazilian iron ore, but remain opposed to an iron ore price index
MPRP TO FORM CABINET

Ruling party majority in Mongolian parliament may help Oyu Tolgoi ratification

Monday , 30 Jun 2008
With a stronger election mandate, Mongolia's ruling party may, at long last, be able to approve the Oyu Tolgoi draft investment agreement.

COMPANY RELEASES
   Cascadia signs exploration deal with Quippu - Thursday , 03 Jul 2008
   War Eagle issues Tres Marias assay results - Thursday , 03 Jul 2008
   TEAL upgrades copper resource at Lupoto - Thursday , 03 Jul 2008
   Linear Metals expands KM61 project in Ontario - Thursday , 03 Jul 2008
   Vale announces global offering - Thursday , 03 Jul 2008
   Nkwe Platinum releases updated resource statement - Thursday , 03 Jul 2008


CONFERENCES
   SEG-GSSA 2008 Conference  -Misty Hills Resort, South Africa  -
   Denver Gold Forum  -Denver, USA  -
   Resource Investors Forum 2008  -St. Johns, Newfoundland, Canada  -
   MINExpo 2008  -Las Vegas Convention Center, Las Vegas, Nevada, USA  -
   Las Vegas Hard Assets Conference and Exhibition  -Mandalay Bay Hotel, Las Vegas  -
   2nd Global Capital Conference and Exhibition  -Glaziers Hall, City of London UK  -