Friday, September 30, 2011

MINEWEB.COM'S TOP STORIES: Highland Valley Copper mine USW workers to go on strike Oct. 2

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TOP STORIES | Friday , 30 Sep 2011                                                     

Highland Valley Copper mine USW workers to go on strike Oct. 2

The 1,100 workers at the Highland Valley Copper mine have voted to go on strike Sunday as mediated talks continue between the union and management.    Friday , 30 Sep 2011

Multi-kilogram gold-silver intercepts keep coming for Pretium

Critically, Pretium is showing continuity between some of its high-grade gold-silver intercepts at its Brucejack project in B.C. as it works towards a resource update.    Friday , 30 Sep 2011

Australian carbon tax to knee-chop country's nickel miners

According to a conference speaker in Perth, Australia's nickel mining industry will be particularly hard-hit by the country's proposed carbon tax    Friday , 30 Sep 2011

Kinross invests in White Bear Resources and its Kundat Gold Project

Kinross says it has invested C$235,000 in White Bear Resources, which is in the process of acquiring an interest in the Kundat and Tsentralniy properties in western Siberia.    Friday , 30 Sep 2011

Largest abandoned uranium mine cleanup on Navajo Nation announced

An important milestone in the effort to clean up of Navajo trust lands contaminated by historic uranium mining will be achieved in the cleanup of the Northeast Church Rock Mine in New Mexico.    Friday , 30 Sep 2011

Big Australian nickel mine due for start-up at year-end

First Quantum, which bought the big Ravensthorpe nickel mine and plant from BHP last year for $350 million, is on track for first production by the year end.    Friday , 30 Sep 2011

Effect on gold, silver prices of a Greek default and the Eurozone/bank crisis

The Eurozone/European bank crisis is by no means over and while the dollar may have been the initial beneficiary, loss of confidence in currencies will benefit gold and silver.    Friday , 30 Sep 2011

Selwyn eyes Yukon resource expansion as strong zinc-lead results roll in

Drilling results from the Selwyn project show continuity of high grade zinc-lead in an area beyond existing resource estimates.    Thursday , 29 Sep 2011

Anglo upbeat about metals demand, Brazil projects

Anglo American CEO, Cynthia Carroll, said on Thursday the company expects demand for metals to remain strong even as a euro debt crisis and a sluggish U.S. economy feed concerns that global growth will slow down.    Friday , 30 Sep 2011

Peru's Cerro Verde mine workers strike again

Workers at Freeport-McMoRan's Cerro Verde copper mine in Peru went on strike for better wages on Thursday, but the company said this has not caused any disruption at the mine.    Friday , 30 Sep 2011

Rossing's mine workers back at work

Striking employees at the Rossing uranium mine in Namibia returned to work on Thursday after a labour court again decided in the company's favour, rejecting a union appeal that its industrial action over bonuses was legal.    Friday , 30 Sep 2011

Severstal aims for top-5 global steelmaker position

The Russian firm plans to take advantage of growing global steel prices to boost output to 19.6m tonnes by 2020 from 14,7m in 2010 and become one of the world's five largest steelmakers.    Friday , 30 Sep 2011

Peru govt. declares Cerro Verde strike legal; set to mediate wage talks

Peru's government will mediate wage talks at Freeport's giant Cerro Verde mine, which churns outs 2% of global copper supply, in a bid to end the second labour strike at the mine this month.    Friday , 30 Sep 2011

Yesterday's Top Story: Haywood forecasts US$38/oz near-term silver price, $20/oz long term

Haywood Securities views investment demand as a key driver of a currently volatile silver price, influenced by global economic problems which will take several years to resolve.    Thursday , 29 Sep 2011

PODCASTS / RADIO                                                     

Gold's recent sell-off and what to look out for over the next few months - Christian

CPM Group MD, Jeff Christian, takes a look at some of the reasons behind gold's recent sell off and looks at some of the factors that could impact on the price going forward

Copper's sustainable price between $8,00 and $8,500 - Standard Bank

A strong sell off across the commodities complex has pushed copper prices down significantly but, Standard Bank's Walter de Wet says, fundamentals remain positive for the metal

Market turmoil falling copper prices and why gold is likely to have a tough 6 months - Gartman

The Author of the Gartman Letter, Dennis Gartman looks at why markets fell so hard toward the end of last week and what it could mean for commodities prices

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

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Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Mooi River, SA

 

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Thursday, September 29, 2011

MINEWEB.COM'S TOP STORIES: Peru's President Humala signs mining taxation, royalties bills into law

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FEATURED PODCAST                                                     

Gold's recent sell-off and what to look out for over the next few months - Christian

CPM Group MD, Jeff Christian, takes a look at some of the reasons behind gold's recent sell off and looks at some of the factors that could impact on the price going forward
 

TOP STORIES | Thursday , 29 Sep 2011                                                     

Peru's President Humala signs mining taxation, royalties bills into law

Peruvian President Ollanta Humala said newly enacted increases in mining taxes and royalties will generate revenue for jobs and new infrastructure in the poorest regions of Peru.    Thursday , 29 Sep 2011

Yukon's Golden Predator likes the look of Bear Paw

Drilling results from two gold zones within Golden Predator's Clear Creek property in the Yukon continue to impress with numerous broad, near-to-surface intercepts    Wednesday , 28 Sep 2011

Haywood forecasts US$38/oz near-term silver price, $20/oz long term

Haywood Securities views investment demand as a key driver of a currently volatile silver price, influenced by global economic problems which will take several years to resolve.    Thursday , 29 Sep 2011

Temex hits more high-grade gold near Timmins

Follow-up drilling results are looking good for Temex Resources, with a batch of high-grade gold intercepts expanding mineralization in the Broulan Reef area of its Whitney joint-venture property.    Wednesday , 28 Sep 2011

Kyrgyz government to mortgage Centerra Gold stake to raise money

Kyrgyztan on Wednesday revised a proposal to raise long term cash against its stake in Centerra Gold, operator of the gold mine that accounts for one tenth of Kyrgyz GDP    Thursday , 29 Sep 2011

Victoria hopes to break its image of golden shackles

The Australian state of Victoria is looking to some base metal developments to broaden its mineral developments as a result of the build-up in exploration and the provision of more sophisticated geological data.    Wednesday , 28 Sep 2011

Gold and silver fall overdone but are they on the way back?

The recent plunges in the gold and silver price for whatever reasoning one puts behind them would seem to have been hugely overdone but, reality suggests the falls will be shortlived.    Wednesday , 28 Sep 2011

AngloGold to invest $250 mln a year in Brazil through 2016

World No. 3 gold producer, AngloGold Ashanti, has announced plans to invest $250 million each year through 2016 to raise its Brazilian output from 420,000 oz/y to 700,000 oz/y.    Thursday , 29 Sep 2011

Gold, copper top Simon Tonkin's commodities list

Gold remained at the top of Australia's favoured investment commodity list, while copper is also a key recommendation for the senior resources analyst for Australian stockbroking firm Pattersons Securities.    Wednesday , 28 Sep 2011

Fortescue, Forrest win right of appeal in disclosure case

The Australian iron ore producer and its founder won the right to appeal a conviction for misleading investors, in a case that has been ongoing for six years    Thursday , 29 Sep 2011

Banro's Twangiza gold mine to start in October

Canadian gold mining company Banro will start gold production at its Twangiza mine in the Democratic Republic of Congo on October 10, targeting an output of 120,000 oz/y by January.    Thursday , 29 Sep 2011

How to explain gold investment to your financial advisor

"You wanna do what? Make a gold investment? At these prices...?!" - Gold is still not perceived as a safe investment by many of those who manage our money.    Thursday , 29 Sep 2011

Peru govt. to intervene in Southern Copper's water licence dispute

Prime Minister Salomon Lerner said on Wednesday the national government will establish formal talks between Southern Copper and the Tacna region to solve a dispute over scarce water supplies.    Thursday , 29 Sep 2011

ENRC ends long-awaited governance review; CEO and chairman stay on

London-listed miner ENRC has ended its long-awaited governance review, confirming both the chairman and CEO in their roles as part of a trimmer board that it hopes will revive its underperforming shares.    Thursday , 29 Sep 2011

US/Canada aluminium shipments fall 1.6% in July

The Aluminium Association reported on Wednesday that demand for U.S. and Canadian aluminium products fell 1.6% in July from a year earlier, and slid 8.2 percent from June.    Thursday , 29 Sep 2011

Namibia court declares Rossing mine strike illegal

A Namibian court has declared the ongoing wage-related strike at Rio Tinto's Rossing uranium mine illegal, the company said on Wednesday.    Thursday , 29 Sep 2011

Japan on track for record net gold exports

Japan is set to become a net gold exporter for the sixth consecutive year in 2011, as long as households remain sellers as the gold price rallies, analysts said.    Thursday , 29 Sep 2011

Yesterday's Top Story: Tumbling silver prices prompt U.S. Mint suspension of silver coins

Volatility in precious metals markets prompted the U.S. Mint to temporarily suspend a number of silver numismatic products. Bullion coin sales remain unaffected.    Wednesday , 28 Sep 2011

PODCASTS / RADIO                                                     

Copper's sustainable price between $8,00 and $8,500 - Standard Bank

A strong sell off across the commodities complex has pushed copper prices down significantly but, Standard Bank's Walter de Wet says, fundamentals remain positive for the metal

Market turmoil falling copper prices and why gold is likely to have a tough 6 months - Gartman

The Author of the Gartman Letter, Dennis Gartman looks at why markets fell so hard toward the end of last week and what it could mean for commodities prices

Undervalued stocks and a dearth of bears at this year's Denver Gold Forum - Tim Wood

The Denver Gold Group's Executive Director, Tim Wood takes us through some of the major talking points at this year's forum and looks at why there are no bears in sight

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

FEATURED
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ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Mooi River, SA

 

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Wednesday, September 28, 2011

MINEWEB.COM'S TOP STORIES: Tumbling silver prices prompt U.S. Mint suspension of silver coins

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TOP STORIES | Wednesday , 28 Sep 2011                                                     

Tumbling silver prices prompt U.S. Mint suspension of silver coins

Volatility in precious metals markets prompted the U.S. Mint to temporarily suspend a number of silver numismatic products. Bullion coin sales remain unaffected.    Wednesday , 28 Sep 2011

Romarco raising C$80m to fund Haile gold project

While environmental permitting continues at its Haile gold project in South Carolina, Romarco Minerals waded into the equity markets for project funding.    Wednesday , 28 Sep 2011

Key Australian lawmakers seek stringent mining tax

Independent and Greens lawmakers in Australia are lobbying for the government to expand its mining tax to include gold and axe plans to compensate miners for state royalty increases.    Wednesday , 28 Sep 2011

Alaska judge upholds Pebble Project exploration activity permits

Alaska state agencies have won a lawsuit challenging the constitutionality of state mineral exploration permits issued for the massive Pebble Project.    Wednesday , 28 Sep 2011

Environment California seeks mineral withdrawal near Yosemite National Park

Could the U.S. Department of Interior consider an emergency withdrawal of federal lands near Yosemite National Park from hardrock mining activities? A L.A.-based NGO hopes so.    Wednesday , 28 Sep 2011

Mercator tackles debt financing following El Pilar feasibility

Having put its own stamp on the El Pilar copper project in an updated feasibility study, Mercator Minerals said it was looking to find debt to finance the $245 million in capital costs.    Tuesday , 27 Sep 2011

How much can SA gold and platinum miners reap from weak rand? Q+A

With the South African rand having lost about 16% in September, the question is, who should benefit more - gold or platinum producers?    Wednesday , 28 Sep 2011

Fractal analysis suggests latest drop is the calm before a gold tidal wave

Price and the technical Indicator readings for the precious metal Stock Indices continue to track the 1970's with much higher prices expected in the intermediate-term    Tuesday , 27 Sep 2011

Philippine's NiHAO signs nickel marketing deal with Glencore

The Philippine miner said on Wednesday it has entered into a deal with AGP Industrial Corp to develop nickel mines in the Philippines, while Swiss firm Glencore would market the nickel produced on the world market.    Wednesday , 28 Sep 2011

Peruvian region looking to revoke Southern Copper's water licence

According to the president of the Tacna region, the people of the area are tired of the pollution caused by Southern Copper's mines and said desertification in the area has increased as a result    Wednesday , 28 Sep 2011

Vale fertilizer unit to invest $15 bln by 2020

Vale, which operates Brazil's biggest potash production facility in the state of Sergipe, will invest $15 billion through 2020, the director of the division said on Tuesday.    Wednesday , 28 Sep 2011

Miner dies at UK Coal Yorkshire colliery

The company reported Tuesday that one miner has died and another rescued after being trapped underground following a roof collapse at the Kellingley colliery in Yorkshire, in northern England.    Wednesday , 28 Sep 2011

First Nickel's Ontario mine delivers first ore

Canada-based First Uranium has restarted production at its Lockerby nickel-copper mine in Ontario and made its first ore delivery to diversified miner Xstrata's nickel business.    Wednesday , 28 Sep 2011

Chinese buyers not delaying iron ore shipments - Rio Tinto

The diversified miner has not received any requests from Chinese buyers to delay iron ore shipments, a senior executive said on Wednesday.    Wednesday , 28 Sep 2011

Increasingly bullish on gold - its fall presents major buying opportunity

While financial markets continue to roil and governments continue to try and solve their debt problems, David Levenstein sees opportunity in the recent sell off in the yellow metal    Tuesday , 27 Sep 2011

Yesterday's Top Story: Why gold and silver crashed and how soon will they recover?

Gold and silver investment parameters have changed since the last big crash in 2008. This suggests that any recovery from a fall will be far quicker for both precious metals.    Monday , 26 Sep 2011

PODCASTS / RADIO                                                     

Copper's sustainable price between $8,00 and $8,500 - Standard Bank

A strong sell off across the commodities complex has pushed copper prices down significantly but, Standard Bank's Walter de Wet says, fundamentals remain positive for the metal

Market turmoil falling copper prices and why gold is likely to have a tough 6 months - Gartman

The Author of the Gartman Letter, Dennis Gartman looks at why markets fell so hard toward the end of last week and what it could mean for commodities prices

Undervalued stocks and a dearth of bears at this year's Denver Gold Forum - Tim Wood

The Denver Gold Group's Executive Director, Tim Wood takes us through some of the major talking points at this year's forum and looks at why there are no bears in sight

Gold Resource Corporation announces $20 million stock repurchase program

Gold Resource Corporation (NYSE Amex: GORO) today announced that its Board of Directors has approved a $20 million stock repurchase program. Gold Resource Corporation is a low-cost gold producer with operations in the southern state of Oaxaca, Mexico. The Company has returned over $25 million to shareholders in monthly dividends since declaring commercial production July 1, 2010.

Gold Resource Corporation, in response to the downward pressure on its stock, is implementing a share repurchase program. Under this program, the Company may repurchase its common shares from time to time in open market transactions at prevailing market prices. The program will be funded from available working capital. For the full release click here

 

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Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Mooi River, SA

 

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Tuesday, September 27, 2011

MINEWEB.COM'S TOP STORIES: Ivanhoe stands firm on Oyu Tolgoi project agreement ownership split

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FEATURED PODCAST                                                     

Copper's sustainable price between $8,00 and $8,500 - Standard Bank

A strong sell off across the commodities complex has pushed copper prices down significantly but, Standard Bank's Walter de Wet says, fundamentals remain positive for the metal
 

TOP STORIES | Tuesday , 27 Sep 2011                                                     

Ivanhoe stands firm on Oyu Tolgoi project agreement ownership split

Ivanhoe Mines won't consent to demands by Mongolian politicians that the government should own half of the massive Oyu Tolgoi project.    Tuesday , 27 Sep 2011

Detour Gold to acquire Trade Winds in C$84m deal

Detour Gold is gobbling up its neighbour, Trade Winds Ventures, to gain unfettered access to assets, part of which it already owned, that include nearly 3 million ounces gold.    Monday , 26 Sep 2011

Markets in rare territory after last week's moves - Holmes

Investors are still reeling from the waves of selling that hit markets last week and have continued this week and, while dangers still lurk, the potential for extreme price reversals exists as well    Monday , 26 Sep 2011

Coal states accuse Obama Administration of killing Appalachian coal mining

Officials from Appalachian coal mining states say the Obama Administration is fast-tracking changes in the Clean Water Act to advance an anti-coal mining agenda, which may cost thousands of jobs.    Tuesday , 27 Sep 2011

Long term gold stock investment - David Christensen

David Christensen, head of ASA Gold and Precious Metals Limited-one of the world's oldest and largest closed-end precious metal funds-sees opportunities emerging, especially among the majors. Gold Report interview.    Monday , 26 Sep 2011

Mints can't keep up with silver coin and bar demand

The president of precious metals dealer Dillon Gage points to record demand this year for silver coins and bars and still sees the possibility of $50 silver in 2011 and is optimistic for 2012.    Tuesday , 27 Sep 2011

Chile mines escape unscathed from power blackout

The massive power blackout on Saturday, caused by a substation failure and compounded by a computer software error, had little impact on Chile's mining sector, but remains a concern as future outages are expected.    Tuesday , 27 Sep 2011

Empire to drill new copper-gold anomaly in Turkey

Following a series of geological clues, Empire Mining thinks it has found the base to its Main zone, where drilling has returned strong copper-gold mineralization.    Monday , 26 Sep 2011

Victoria's Ballarat field pours its first modern gold bar

A gold bar of 260 ounces poured today marked an important revival of production at Ballarat, Victoria's second largest historic mining centre, after more than two decades of attempts to revive mining there.    Monday , 26 Sep 2011

Why gold and silver crashed and how soon will they recover?

Gold and silver investment parameters have changed since the last big crash in 2008. This suggests that any recovery from a fall will be far quicker for both precious metals.    Monday , 26 Sep 2011

Newcastle furnace failure costs R1.1 bln - ArcelorMittal SA

The company said on Monday a furnace failure at its Newcastle plant, which is being repaired and is scheduled for recommissioning in early December, will cost R1.1bn.    Tuesday , 27 Sep 2011

Mali's top gold mine to capitalise on record high prices

Record high gold prices will allow Mali and its partners to continue producing ore at the Sadiola gold mine until 2020, seven years beyond its initial closure date, the government said on Monday.    Tuesday , 27 Sep 2011

Key Indonesian smelters to ban tin ingot exports from Oct.1

Smelter owners in Indonesia's main tin-producing region of Bangka island have agreed to ban tin ingot exports from Oct. 1 and will only resume if prices rise above $25,000.    Tuesday , 27 Sep 2011

ArcelorMittal SA ends talks on disputed BEE deal

The steelmaker has reported it will not proceed with its plan to sell 26% of its shares to black investors, as the company's shareholders feel the deal lacks transparency and favours political elites.    Tuesday , 27 Sep 2011

Takeover talks still going well - Bannerman Resources

The Australian company says talks with Sichuan Hanlong Group over its July takeover bid are still on and well progressed, despite investigations into Hanlong by Australian regulators.    Tuesday , 27 Sep 2011

Finland's Talvivaara promises to clean water better

The miner said on Monday there were higher levels of nitrate, sulphite and manganese coming out of its plant in northern Finland than previously expected, which it promised to clean better.    Monday , 26 Sep 2011

AngloGold aims for 5.5 mln oz in 2014

World's third largest gold producer, AngloGold Ashanti, is aiming to lift output to 5.5 million ounces by 2014 from a forecast 4.45 million ounces this year.    Monday , 26 Sep 2011

Get real, gold is only back to August levels

A quick look at what is happening in the markets shows that although the fall in the gold price tends to hit the headlines it is not nearly so bad as that in other commodities, or the stock market in general.    Monday , 26 Sep 2011

Yesterday's Top Story: Gold: Too fast too soon but fundamentals still very positive

Jeff Nichols warned that the summer runup in the gold price was too far too fast and predicted a big fall but still feels that fundamentals support much higher prices ahead.    Sunday , 25 Sep 2011

PODCASTS / RADIO                                                     

Market turmoil falling copper prices and why gold is likely to have a tough 6 months - Gartman

The Author of the Gartman Letter, Dennis Gartman looks at why markets fell so hard toward the end of last week and what it could mean for commodities prices

Undervalued stocks and a dearth of bears at this year's Denver Gold Forum - Tim Wood

The Denver Gold Group's Executive Director, Tim Wood takes us through some of the major talking points at this year's forum and looks at why there are no bears in sight

Downside risks looming for copper - VM Group

A growth in mine supply, in the wake of further potential economic weakness in the West and uncertainty around the state of China's stock piles all point to a rising downside risk for the metal

Mineweb is the world's top mining and mining investment news website and is read in over 200 countries daily by mining company executives, financiers and investors.  According to independently published global website analysis, Mineweb is ranked far higher in terms of daily readership than any other directly competitive website.

Mineweb is updated around the clock, so to keep abreast of news throughout the day we suggest you do check our homepage for updates - www.mineweb.com

Follow mining news updates on Twitter http://twitter.com/Mineweb

Mineweb's iPad app is now available! Go to www..mineweb.com/apps or to the Apple app store to download it.

 

FEATURED
COMPANY

View more featured mining companies

ENGINE ROOM

Editorial

Europe

Lawrie Williams, London
Geoff Candy, Groningen

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

Production

Lindiwe Molekoa, Johannesburg

Editor in Chief

Alec Hogg, Mooi River, SA

 

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   subject line, and we will address the problem.

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