| These selected stories represent only a fraction of the news and analysis featured and updated all day on Mineweb.com - check out our home page for the rest of the news and expert analysis now available at www.mineweb.com | | | | | | | TOP STORIES | Thursday , 02 Feb 2012 | | The world's leading processor of molybdenum and rhenium, Molymet will invest $390 million in Molycorp in exchange for a 13% equity interest and a seat on Molycorp's board. Thursday , 02 Feb 2012 | | Already one of the world's largest tin producers, Indonesia now hopes to become a key player in global tin prices with the launch of Inatin. Thursday , 02 Feb 2012 | | South Africa's Business Day newspaper reported on Thursday that the study commissioned by the country's ruling ANC has rejected calls for mine nationalisation in favour of higher taxes and royalties. Thursday , 02 Feb 2012 | | Nine new drill holes help Continental Gold expand two key gold-silver systems further beyond resource limits at its Buritica project in Colombia. Thursday , 02 Feb 2012 | | Rapidly growing demand for electricity in India has forced the third largest producer of coal to look at other countries to source the raw material. Wednesday , 01 Feb 2012 | | The world's third largest gold miner, says the metal could trade between $1,500/oz and $2,500/oz within five years as long as the global financial system remains in crisis mode. Thursday , 02 Feb 2012 | | A rare earth miner's path to success significantly differs from the precious metals game, while graphite, another key mineral, has an immense future says Byron King. Critical Metals Report interview. Wednesday , 01 Feb 2012 | | Senior executive, Oleg Mukhamedshin, sees aluminium prices rising up to 10% from current values to between $2,400-$2,500 per tonne by the end of the second quarter, as output cuts take effect. Thursday , 02 Feb 2012 | | The expansion will enable BHP Billiton to boost annual iron ore shipments from Port Hedland in northwest Australia by 100 million tonnes, the company said. Thursday , 02 Feb 2012 | | A weak outlook for steel demand in top buyer China has trimmed appetite for iron ore, which gained a modest 3% in January after falling 19% in 2011. Thursday , 02 Feb 2012 | | The Indian firm has raised aluminium prices by 2,000 rupees per tonne across all products, the company's commercial director said Thursday. Thursday , 02 Feb 2012 | | According to Forbes magazine, Gina Rinehart, who signed a deal last month that will see POSCO take a 15% stake in her Roy Hill iron ore mine, could soon become the world's wealthiest woman. Thursday , 02 Feb 2012 | | Citing two people with knowledge of the plan, Bloomberg said Thursday that the two commodities-focused companies could announce a merger as early as this week but talks are ongoing. Thursday , 02 Feb 2012 | | The price of copper on the London Metal Exchange fell 0.38% to $8,408/t on Thursday as gains in the past month kept Chinese buyers at bay and Europe's debt crisis continued to weigh. Thursday , 02 Feb 2012 | | Australia's Lynas Corp has been granted a pre-operating licence for its $200 million rare earths processing plant, the country's atomic energy licensing board and the Ministry of Science said Wednesday. Wednesday , 01 Feb 2012 | | German arrogance that it has the only solution to the Eurozone crisis could misfire and precipitate break-up with uncertainty boosting gold and silver prices. Tuesday , 31 Jan 2012 | | HSBC's chief commodities strategist, James Steel, looks at the reasons behind last quarter's major fall and January's strong surge in gold prices | | David Hale looks at how commodities are likely to fare in 2012 given the very mixed global economy and the wild card that is oil. | | Sprott Asset Management's John Embry believes that the prospect of global "Weimar situation" is very real and bullish for gold | | |
| | | | 
Castle Peak Reports Additional Sampling Results from Apankrah Target; Anomalous Structural Zone 52m of 1.26 g/t Au Vancouver, B.C., February 1, 2012 - Castle Peak Mining Ltd. ('Castle Peak' or the 'Company', TSX.V: CAP) reports further assay results which indicate a broad anomalous gold halo encompassing higher grade gold structures. An additional 36 metres of sampling was completed on drill hole NKDDH016 on the Apankrah target. The previously mineralized interval was expanded from 16 metres ('m') of 3.3 grams per tonne ('g/t') gold ('Au') to 20m of 3.1 g/t Au. This high grade target is now contained within a 52m intercept of 1.2 g/t Au. The anomalous zone is defined by grades above background (0.03 g/t Au) and may include small sub zones grading less than background grade of up to 7m. Drill hole, NKDDH016, is a 100m step out, and down plunge of the previous announced drill hole, NKDDH010, which returned 7.5m of 7.2 g/t Au at approximately 50m depth at the Apankrah target.
To read full release, click here... | | | | | | | | | | | | CONFERENCES | Mining Indaba 2012 | | Date: 06 February 2012 - 09 February 2012 | | Venue: Cape Town International Convention Centre | | Africa's biggest mining and mining investment conference and exhibition held annually in Cape Town. Mineweb will be exhibiting and covering the event. Read More | | | | | | FEATURED
COMPANY | 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 Africa Christy Filen, Johannesburg
Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia
Production Lindiwe Molekoa, Johannesburg Editor in Chief Alec Hogg, Mooi River, SA | | |
0 comments:
Post a Comment