LONDON (Dow Jones) – Tokyo stocks posted moderate declines Monday, the Nikkei Stock Average closing at its lowest level for years, after Japanese Prime Minister Naoto Kan and Bank of Japan governor Masaaki Shirakawa showed little to make progress on tackling The weak economy in what was a happy anticpated discussion.
The markets were hoping the two would be a clear policy deadlock between the government and central bank to reverse any action can be taken to a slowdown in the economy and to avert the Japanese yen to stop a climb that has hit exporters hard. Read more
Chilean government plans to increase investment in mineral exploration lithium, opening opportunities for foreign companies to invest in the mine in Chile. Mine in Chile included a strategic resource, then closed to foreign companies to participate in the lithium mining operations in Chile. Therefore, the Chilean government will send a proposal to Congress that mineral exploration in Chile lithium can be done by foreign companies. Chilean government also met with industry representatives to discuss lithium government proposal. Read more
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You seem to have escaped the Goldman Sachs-inspired sell-off that hit northern markets on Friday.
Oz. We did, but our turn for a touch of panic selling come Monday. It will be interesting to see how the ghost of an agreement with Goldman two years ago the effects today, boom AA China-based Australian market. The feeling in this way is that the conduct alleged by some bad guys in New York will have a minimal impact, given the pace of growth in the Asia-Pacific. Read more
Gold mining companies, a joint venture between First Gold and Blue Note Mining will begin gold production in 2010 to mine gold Croinor Abitibi, Quebec. The company holds 85% interest in the project options Woodpecker / Lithium Rose in the James Bay region of Quebec, 50% option on base metals projects Machi Manitou in Val Dor Quebec and the estates San Javier money Mexico., a past producing mine sites with infrastructure in place. Read more
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Hello Australia, and happy Easter. IPOs seem to have been the driving force of your marketplace last week.
Absolutely. We have seen business activity in the gold and coal, zinc and other side keeping the interest alive in a metal which normally has a very low profile. Newcrest’s (NCM) to merge with the proposal Lihir Gold (LGL) is hardly a surprise, but it serves to remind investors that some gold stocks are undervalued. And offers Peabody Macarthur Coal (MCC) said that Australia is plugged directly into the Chinese economy, which is the U.S. Peabody wants, even if it means steamroller Asian investors, who already dominate the register Macarthur shares. Read more
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A proposed uranium mine and mill in Pittsylvania County is encouraging the region’s economy by as much as 300 million U.S. dollars annually, according to a study commissioned by Virginia Uranium Inc. The study, released last week, was done by Lyntek Inc., a Lakewood, Colo., company that provides engineering and feasibility studies for the mining industry. (more…)
SAN FRANCISCO – Crude oil futures closed lower Tuesday hit by a weaker dollar and rising stocks, but was off session lows, and succeeded a little over $ 80 per barrel to solve. September crude oil lost $ 1.23, or 1.5%, to $ 80.25 a barrel on the New York Mercantile Exchange. Oil spent the best part of three months unable to settle than $ 80, finally doing so in early August. (more…)
Golden Queen Mining Co. Ltd. (Golden Queen) is a Canada-based, exploration-stage company. The Company is engaged in acquiring and maintaining gold and silver mining properties for exploration, future development and production. Golden Queen’s planned activities involve bringing to production a precious metals mine located in the Mojave Mining District, Kern County, California. The Company holds the properties under mining lease agreements with 63 individual landholders, two groups of landholders and three incorporated entities. During the year ended 31, 2008, the Company had not generated revenues from its operations. (more…)
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