Resource Investing News

Cleveland Potash Works with Teesside University

The Northern Echo reported that Cleveland Potash is working on an energy use reduction initiative with Teesside University in England.

Lower gold grades cause drop in Newcrest shares

Sydney Morning Herald reported that Newcrest Mining's (ASX:NCM) shares fell after news its gold grades were diminishing.

Landowner Concerned about Atlantic’s Potash Project

CBC reported that a landowner at Atlantic's proposed potash exploration site has not been consulted about the project.

Australia’s former Prime Minister says not to sell uranium

SMH reported Australia's former primer minister says its current prime minister is dead wrong to sell uranium to India.

Afghanistan opens up to gold miners

IBTimes reported that Afghanistan is issuing tenders on gold properties in an effort to reduce dependence on international aid.

Zinc mining juniors ready to meet coming supply crunch

While large zinc stockpiles, weak prices and cloudy global economic projections cast a veil of gloom over zinc markets, salvation is not far away.

Copper traders bullish for first time in six weeks

Bloomberg reported copper traders are bullish on signs that demand is rising due to a drop in global inventories.

Canadian Eco Oro Minerals drills gold, silver at Angostura deposit in Colombia

IBTimes reported the Eco Oro Minerals (TSX:GSL) found high-grade silver and gold at its Colombia-based Angostura project.

South African gold mine cooling technology used in Chinese coal mine

Mining Weekly reported that China National Coal Group will use a special cooling technology developed at a gold mine for its coal mining operations.

Great Panther Silver confirms continuity of Santa Margarita gold-silver veins

Great Panther Silver Ltd. (TSX:GPR,AMEX:GPL) announced extended mineralization and continuity of gold-silver veins at Guanajuato.

Pretium leaps on huge Brucejack gold-silver resource upgrade

Mineweb reported that Pretium Resources (TSX:PVG) increased its gold and silver resource at Brucejack.

Silver price should rise: Coeur CEO

Reuters reported that Coeur d'Alene Mines' (NYSE:CDE) CEO sees silver and gold prices rising.

Kivalliq Energy Corporation: 2011 RC Exploration Strategy Yields New Discoveries

Kivalliq Energy Corporation (TSXV:KIV) provided an update from property-wide exploratory reverse circulation and diamond drilling proximal to and along strike of the structure hosting the high grade Lac Cinquante uranium deposit.

First Quantum to Start Ravensthorpe Nickel Shipments by Nov

Mining Weekly reported First Quantum Minerals (TSE:FM,LON:FQM) expects to ship nickel from the Ravensthorpe mine by the end of November.

RLPC-Norilsk Nickel Seeks Up to $3.5 Billion Loan-Bankers

Reuters reported Norilsk Nickel (LON:MNOD) is in talks with banks for a loan of up to $3.5 billion to buy back shares.

Gold surge vexes Asian officials as inflation numbers go awry

The surging price of gold is fueling inflation from India to Indonesia and forcing statisticians to decide whether jewelry made of the metal still belongs in consumer-price indexes.

Aluminum threatens to overtake steel in auto manufacture

Industry Week reports that according to the Aluminum Association, the use of aluminum in automobiles has the potential to reach record highs by 2012. Steelmakers have led the way to vehicle-mass reduction with advanced high-strength steels. These steel grades feature the strength characteristics of traditional steel but are easier to form and lighter than other older versions. But the Aluminum Association, which represents U.S. and foreign-based aluminum producers, says aluminum can replace more than twice as much weight as steel.

Australia assures Malaysia of Lynas rare earth safety

Western Australian Minister for Mines and Petroleum Norman Moore, who is responsible for initiating the single biggest overhaul of Western Australia’s mining industry’s occupational health and safety system, assured Malaysians that the level of radioactivity attached to the product from Lynas Corporation's Mount Weld was very low, that it was not considered as dangerous goods from the point of transportation regulations.

Rio Tinto Pays Highest Fee This Year to Charter Iron Ore-Carrying Capesize

Charter rates for the route surged 12 percent to the highest level in almost 10 months as Rio paid $10.30 for each metric ton of ore hauled on a capesize, a booking list published by the Baltic Exchange showed. The Baltic Dry Index, a broader measure of commodity shipping costs, advanced 3.9 percent to 1,682, the highest level since Jan. 4.

Copper ends at 3-week high on Asian strength

Reuters Africa reports that copper rose 2 percent at a three-week high.

Mountain Lake discovers of new gold-bearing vein

Mountain Lake Resources Inc reports discovery of a new quartz-tourmaline-pyrite vein structure from the current resource boundary of the Leprechaun gold deposit , Newfoundland.

TerraX completes first drill hole at Stewart Gold-Copper Property

TerraX Minerals Inc. reports that it has completed the first hole of the current drill program on its Stewart gold-copper property, Newfoundland.

Dog eats $10,000 worth of diamonds

MSNBC reports a Georgia dog dined on a meal of $10,000 worth of diamonds.

Gold and Silver to Generate up to 50% of Total Annual Revenues at Ivanhoe Mines’ Oyu Tolgoi Project

Ivanhoe Mines (TSE:IVN,NYSE:IVN,NASDAW:IVN) announced an update to the production potential of its Oyu Tolgoi project.

Amorous Miners Drive Up Costs for Rio, BHP

Bloomberg reports that mining companies in Australia are spending more on miners and their relationships.