Recent News

Lucara Diamond CEO just getting started

November 09, 2012 / www.miningmarkets.ca

"I don't ever believe in using the word try," says William Lamb, the current driving force behind Lucara Diamond (LUC-T). "If you try, you are setting yourself up for failure. You are either going to do something or you are not, so when you say you are going to do something, you continue to work at it until you achieve," the 41-year-old mining executive said in a telephone interview from Johannesb...Read More

Avoiding The Fiscal Cliff = QE To Infinity

November 09, 2012 / investmentresearchdynamics.com

There is no reason to expect that renewed efforts at federal budget deficit reduction will result in anything more than the usual smoke and mirrors, further increasing, not reducing, long-term U.S. sovereign-solvency risk. In reality, the U.S. economy has not recovered, and no recovery is pending. Consumer liquidity remains severely impaired, and broad business activity continues to falter anew....Read More

What an Obama win means for the gold price in 2013

November 09, 2012 / www.goldinvestmentletter.com

http://www.stockhouse.com/columnists/2012/nov/9/what-an-obama-win-means-for-the-gold-price-in-2013Read More

Norilsk Nickel's board approves share cancellation

November 08, 2012 / www.mining.com

The board of directors of Norilsk Nickel has approved the cancellation of 9.96% of its shares held by the subsidiary NN Investment, top officials of Interros and UC RUSAL told Vedomosti.The cancellation will result in Interros's stake being increased to 31.1%.UC Rusal will see its holdings increased to 27.8%.Norilsk Nickel will spin off a new entity from NN Investment, in which the shares to be ca...Read More

Local governor stops operations at East Mining's Tulcingo mine due to lack of permits

November 08, 2012 / www.mining.com

The governor of Tulcingo de Valle, Puebla, Mexico, has informed that the exploitation of antimony at the Tulcingo mine has been suspended due to the fact that the company responsible for the mine, East Mining, has failed to provide the necessary permits.The governor highlighted that any company that has not been granted legal authorization to operate will be sanctioned. The amount of the fine to b...Read More

Chile grants Finning International $500 million in mining contracts

November 08, 2012 / www.mining.com

Canadian heavy equipment dealer Finning International (TSX:FTT) said Thursday it has been awarded contracts worth a total of $497 million from several Chilean mining companies, said the firm in a press release.The largest of the contracts, won by the South American branch of the Vancouver-based firm, is a $130-million equipment sale deal paired with a five-year maintenance letter of intent worth $...Read More

Chevron's assets embargoed after $19 billion fine

November 08, 2012 / www.mining.com

An Argentine court has ordered to embargo Chevron assets in the South American country to help enforce an Ecuadorean court resolution that fined the company $19 billion in environmental damages.The plaintiffs' lawyer, Enrique Bruchou, told local newspaper El Clarn (in Spanish) the ruling includes a freeze on 40% of Chevron's oil revenue in Argentina, the company's shares in its local subsidiary an...Read More

Australian miners find new ways of getting buzzed

November 08, 2012 / www.mining.com

Australian miners in the western part of the country are allegedly turning to a new version of the synthetic drug known as Venom, which is made with chemicals imported from China.According to the West Australian, a tobacco retailer in Perth revealed the production and use of the substance was increasing rapidly to the point that several customers have requested him to bring it."It's like the next...Read More

S. African strikes drop annual mining production 8.3%

November 08, 2012 / www.mining.com

In what it shouldn't come as a surprise for anybody who has been following the news in the last three month, South Africa reported Thursday its mining output dropped 8.3% on the year in September.The annual fall, the biggest in five months, was sharper than the 4.5% economists had forecasted as strikes crippled the industry which accounts for 6% of the country's gross domestic product.Today's data...Read More

Lynas wins battle against activists, gears up to start rare earths production in Malaysia

November 08, 2012 / www.mining.com

On Thursday Australia's Lynas Corp (ASX:LYC) won the latest of a series of long-dragged legal battles against activists, which took the company to court for allegedly causing major health and environmental damages to the Malaysian population.Today's decision will allow the company to finally start production at its $800 million rare earths plant -LAMP- in the South East Asian country.The Australia...Read More

Pentagon and Toyota seek to overcome China's rare earth strangehold

November 08, 2012 / www.mining.com

The US Department of Defense and Japanese automaker Toyota (NYSE:TM) have embarked upon simultaneous bids to overcome China's strangehold on rare earth metals via the development of North American supply sources. Bloomberg reports that both the Pentagon and Asia's largest auto maker have teamed up with Canadian companies Ucore Rare Metals Inc. (TSX-V:UCU) and Matamec Explorations Inc. (TSX:MAT) to...Read More

Podcast Ep. 4: Post-Election Special with Lawrence Roulston

November 08, 2012 / www.youtube.com

Cory chats with Lawrence Roulston of www.ResourceOpportunities.com about the election, but more importantly how these results, coupled with the ever-evolving global landscape are affecting currency values and metal values. You can find us on iTunes, subscribe to the podcast feed, or just listen on the site!http://www.ResourceSpots.comRead More

Patriot Gold-Junior Gold Value at its Best

November 08, 2012 / www.goldinvestmentletter.com

Patriot Gold is a junior gold exploration company headquartered in Nevada. I stumbled upon PGOL after Canamex hit very high grades in their Nevada drilling program this summer:http://finance.yahoo.com/news/canamex-intersects-360-feet-0-120000023.htmlAfter digging through filings, I quickly realized that the property was actually owned by Patriot Gold. I finally spoke with a consultant at the compa...Read More

American Public Radio: Bring Back Germany's Gold!

November 08, 2012 / www.bullionvault.com

LONDON, 8 November 2012 - BullionVault is featured today by American Public Radio as a private provider of physical gold ownership which is more secure than some central banks' metal."We send independent specialists into the vault once a year to conduct an audit, to do a tally count, to make sure the bars are in good order and so on," says Adrian Ash, head of research at BullionVault in London, on...Read More

Mega Uranium Announces High Grade Uranium Mineralization Confirmed On Northwest Athabasca Property, Saskatchewan

November 08, 2012 / www.megauranium.com

TORONTO,Ontario (November 8, 2012) - Mega Uranium Ltd. (TSX:MGA) ("Mega") and Forum Uranium Corp. (TSXV:FDC)("Forum") are pleased to announce preliminary results from the first of threehigh priority targets being drilled on the Northwest Athabasca property.Uranium mineralization was encountered at shallow depths in two of four holesdrilled in the first target area.Drillhole NWA-35 intersected a 1....Read More

Hard Assets Investor: No Jump to $5000 Gold Soon

November 08, 2012 / www.bullionvault.com

NEW YORK, 8 November 2012 - BullionVault's new vice-president of business development in the Americas, Miguel Perez-Santalla, is interviewed today by Hard Assets Investor, the website for natural resources news and views.A 30-year veteran of precious-metals marketing and sales for some of the United States' largest providers, "One of the beauties of BullionVault is that people from all over the wo...Read More

Mega Uranium Announces High Grade Uranium Mineralization Confirmed On Northwest Athabasca Property, Saskatchewan

November 08, 2012 / www.megauranium.com

TORONTO,Ontario (November 8, 2012) - Mega Uranium Ltd. (TSX:MGA) ("Mega") and Forum Uranium Corp. (TSXV:FDC)("Forum") are pleased to announce preliminary results from the first of threehigh priority targets being drilled on the Northwest Athabasca property.Uranium mineralization was encountered at shallow depths in two of four holesdrilled in the first target area.Drillhole NWA-35 intersected a 1....Read More

2012: A gloomy year for juniors

November 08, 2012 / www.miningmarkets.ca

The year isn't yet over, but a report released earlier this week by accounting firm PwC shows in stark numbers that 2012 really has been pretty bleak for junior mining companies. Juniors have had a tough time accessing capital. Debt and equity financings for the top 100 juniors (by market cap) listed on the Toronto's Venture Exchange fell by 52%. Equity financings alone dropped by 41% to $1.6 bill...Read More

What an Obama Win Means for Gold Prices in 2013

November 08, 2012 / moneymorning.com

With a U.S. President Barack Obama win inElection 2012, look for goldprices to soar above $2,000 an ounce in 2013. Prior to the election's results, gold playershad been on the sidelines but they jumped back in and took the precious metal backabove $1,700 per ounce on Tuesday. On Wednesday, gold rose to near two-week highsof $1,730 before falling to a steady level of $1,714.50 per ounce for Decembe...Read More

What 4 More Years Of Obama Means For Your Money

November 08, 2012 / moneymorning.com

In this special report, each of Money Morning's topinvesting experts tell you exactly how they see the next four years playingout... what danger's lie ahead... and how you should best position your portfolioto protect and profit.Time to Go "Glocal"By Keith Fitz-Gerald Chief Investment StrategistThe $600 billion fiscal cliff we've warned you about hasnever gone away. It's been marginalized by the c...Read More