MINING.COM Staff Writer

Posts by MINING.COM Staff Writer:

Saskatchewan party wants to put potash royalties into fund

CanadaViews reports Saskatchewan NDP Leader Dwain Lingenfelter announced Thursday an NDP government would create the Bright Futures Fund, modelled on oil and gas revenue funds in Alaska and Norway. The fund will dedicate a portion of Saskatchewans non-renewable resource royalties to invest for the future. This fund would be independently managed, and the government would not be allowed to withdraw money to cover short-term deficits and day-to-day spending. Lingenfelter said that the Sask Party has seen over $10 billion dollars in non-renewable resource revenue flow through their hands and spent on one-time projects or to cover budget deficits.

Crossland plans initial rare earth resource report for Charely Creek

Crossland Uranium Mines (ASX:CUX) plans to issue a report next month on an illuvial heavy mineral rare earth element resource at its 50% owned Charley Creek project in Northern Territory. A 16.7 tonne quantity of alluvial material has been obtained from the Cockroach prospect for testwork to investigate a heavy mineral process flowsheet and to generate samples of heavy mineral product for initial marketing and additional process development tests. Crossland says that the Charley Creek alluvials should be low cost sources of heavy mineral concentrates with high concentrations of REE and/or zircon.
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Gold price steadies as inflation revives higher-rate bets

Gold prices consolidate near $4,700/oz as US consumption slows, aligning with market expectations.