Resource Investing News

Fortis renegotiates potash project

Stock & Land reported that Fortis Mining (ASX:FMJ) negotiated new terms for the purchase of potash projects in Kazakhstan.

Gold and silver rise, platinum and palladium fall

CNBC reports on the precious metals market today after a weak GDP report from the United States.

Canadian province to auction off potash deposits

New Brunswick Business Journal reported that New Brunswick plans to auction off Crown land containing potash deposits.

Global lead prices likely to rise as China demand recovers

Mena FN reports that according to Dow Jones, Global lead prices will surge owing to stronger Chinese demand.

ESO/Fission Patterson Lake South JV reports high grade boulders up to 39.6% U3O8

ESO Uranium Corp. (CVE:ESO) and its joint partner, Fission Energy Corp (CVE:FIS) report results from its boulder prospecting and radon survey program.

Silver price hits 11-week high

Silver Investing News spoke with Jason Goulden, V.P. of Research at Metals Economics Group, and with Michael DiRienzo, Executive Director of The Silver Institute, about the factors currently playing a role in the silver market.

Fertilizer costs threaten China's food security

China Daily reported that agricultural development in China is strained because of high potash prices. According to Li Qiang, a spokesperson for Sinochem Group, the international price rise potash fertilizer is partly caused by the international price rise of raw materials and resources.

Uranium exploration hotspots

Uranium exploration may be described as a combination of science and art with many projects designed from geological concepts and broader based reflections involving a variety of field and laboratory work in addition to more detailed economic feasibility assessments.

First Point Minerals defines nickel-iron alloy drill target

First Point Minerals Corp. has outlined a drill target on the Klow property based on exploration field work on its nickel-iron alloy project.

International Tower Hill looks for big Alaska gold output

By changing the mine plan to use large-scale equipment, and by building a 100,000 tonne-a-day mill to process the ore, the company will be able to produce about 650,000 ounces of gold a year on average, said chief executive James Komadina.

Uranium stocks move up – Vialoux’s Technical Watch

Financial Post reports Global X Uranium ETF (NYSE:URA) says that the uranium sector is showing some signs of improvement after the Japanese nuclear incident.

China discovers its largest molybdenum deposit

China has discovered its largest molybdenum deposit containing 2.2 million tons of the silvery metal, which ranks the second largest in the world, in east China's Anhui province. Anhui Geology and Mineral Resources Bureau estimate the deposit in Jinzhai county has 1.275 billion tons of ore which contains 2.2 million tons of molybdenum, said Wu Yulong, head of the bureau.

Lithium Americas could produce potash by 2014

Mining Weekly reported that Lithium Americas Corp. (TSE:LAC) may be ready to produce potash at its Argentina project by 2014: In an April preliminary economic assessment (PEA) of Cauchari-Olaroz, WorleyParsons estimated the project could produce 55 500 t/y of potash, and 20 000 t/y of lithium carbonate.

Lithium One Inc.- Low cost lithium at the Sal de Vida brine project, Argentina

Lithium One Inc. (CVE:LI) is a mineral exploration and development company positioned to be a near-term producer of low-cost lithium and potash. Its flagship property is the Sal de Vida brine project in Argentina which hosts one of the largest and highest-grade brine deposits in the world. A preliminary economic assessment of the property is due to be completed in Q3 2011.

Lucara to list in Botswana

Mining Weekly reports that Canadian diamond company, Lucara (CVE:LUC) will list on the Botswana exchange.

NGEx announces start of 2011 exploration program at GJ Copper Gold Project in BC

NGEx Resources Inc. (TSX:NGQ) ("NGEx") is pleased to announce the start of the 2011 exploration program at the company's GJ copper-gold project located in northern British Columbia, Canada.

Extorre finds high-grade gold, silver at Argentina mine

Reuters reported that Extorre (CVE:XG) has discovered additional gold and silver deposits at the Cerro Moro mine. Image by Extorre

Research funding a key indicator of interest in Canadian province's minerals

New Brunswick Business Journal reported that research funding for mining projects in New Brunswick has doubled over the past decade. Says the journal: Northcliff Resources Ltd. is drilling samples for metallurgical feasibility test on its Sisson property, about an hour outside of Fredericton, to determine the scope of the tungsten and molybdenum deposit there, which has shown early promise.

UK potash plans opposed by locals

Scarborough Evening News reported that test drilling has been approved for a potential potash site near Scarborough, UK. Once the test drilling is completed Sirius says it then plans to study the results alongside geological and seismic studies to determine where the mine head will be placed.

Chinese investor plans Meridian takeover

NineMSN reports that shares in Meridian Minerals (ASX:MII)jumped after a Chinese state-owned entity, revealed plans to takeover: Shares in Meridian Minerals jumped after the junior explorer's largest shareholder, a Chinese state-owned entity, revealed plans for a $67.5 million takeover offer. Meridian shares were up one cent, or 8.7 per cent, at 12.5 cents at 1343 AEST after an earlier high of 13 cents.

Full Metal Zinc appoints Al Paterson to Board of Directors and grants stock options

Full Metal Zinc Ltd. (CVE:FZ) reports Al Paterson has joined its board of directors and it has granted stock options to employees.

Shell Bets Big On GTL With Its Pearl Project in Qatar

As production begins at Shell’s Pearl project, Qatar looks set to soon become the “GTL capital of the world”

The Life Cycle of a Gold Mine: Staking the Claim

The first step in developing a gold mine is selecting an area for prospecting. While this may seem boring and irrelevant to an investor looking into gold miners, this preliminary phase is the very foundation of a successful mining venture.

Nickel, Tin Spurts On Global Cues

Business Standard reports that tin and nickel saw a sudden jump in prices today in India after steady trading in London.

Four reasons to be bullish on potash

The Financial Post reported a Citi analyst’s case for bullishness on potash: Fall is expected to be a strong season for fertilizers after spring application came in 10% lower that expected because of a slow start to planting. With grain prices riding high, farmers are expected to use more fertilizers to maximize yields.