Posts by Andrew Topf:

Fortune Minerals, POSCO form coal JV in BC

A Canadian coal junior has teamed up with one of the world's largest steel producers to move the Mount Klappan Metallurgical Coal Project in northern British Columbia into production. Fortune Minerals said yesterday that it has formed a joint venture with POSCO Klappan Coal Ltd. and POSCO Canada Ltd. (POSCAN) — a subsidiary of South Korean steelmaking giant POSCO.

Graphene: the world’s next wonder material?

The secret to successful investing, many experts will tell you, is identifying the next big trend, and then getting in with your money before the stampede of investors. The Daily Reckoning reports on what could be the world's next wonder material — graphene — used to make cheap solar panels, super-powerful transistors, and even the ability to make a jet fighter invisible.

Japan Times: China raises spectre of undersea mining with world’s deepest diving submersible

The prospect of mining the ocean floor may seem far-fetched, but China, motivated by its insatiable hunger for resources, has opened its eyes to the idea. According to a story in The Japan Times, China will attempt to plunge the Jialong - the world's deepest-diving manned submersible - 5,000 metres below the surface of the Pacific Ocean between Hawaii and North America, exceeding the craft's previous depth of 3,759 metres.

BioteQ signs agreement with European engineering firm for SART Project

BioteQ Environmental Technologies, Inc. (TSX: BQE), a leader in the treatment of industrial waste water, has signed an agreement with a European engineering firm to advance a cyanide regeneration and recovery project that incorporates a SART process plant to be designed and provided by BioteQ at a gold mine site in Central Asia.

How much silver can I buy for 100 trillion dollars?

How much silver can I buy for a hundred trillion Zimbabwe dollars? Endeavour Silver asks this question to kick off a short video demonstrating the value of the white metal in relation to fiat currencies, which have not always held their value. In talking to silver traders and historians, the company (www.edrsilver.com) shows that while paper money is a promise to pay from the government issuing the currency, silver and gold are valued intrinsically based on the amount of the metal in a coin or any metallic object.

FT: Gold miner gets green light to mine in Greece

Debt-saddled Greece has a new revenue source in the form of two gold mines that have been approved by the country's environment minister, George Papaconstantinou, FT reported on Friday. The newspaper said that European Goldfields has received final approval to build two large gold mines in northern Greece, named Olympias and Skouries, near Thessaloniki. The AIM-listed miner plans to spend $500 million to build the mines and a total of 1.3 billion euros throughout the life of the mines.

Kate and Wills learn about oilsands during Calgary Stampede visit

It's not often that the media gets a chance to make a headline out of "Kate and Wills" and "oilsands". The opportunity came on Friday, when the Royal couple, which is doing a cross-country tour of Canada, visited a greenhouse at the Calgary Zoo to learn about oilsands as part of their visit to the annual Calgary Stampede.

TMX-LSEG merger pronounced dead

A proposed merger between the Canada-based TMX Group Inc. and the London Stock Exchange Group PLC is effectively dead. TMX said in a news release Wednesday that a majority of the votes cast by proxy before Wednesday’s deadline in fact supported the deal, but it was clear the two exchange operators wouldn't get the two-thirds required in a vote scheduled for Thursday. That vote has now been cancelled.

Gina Rinehart and Angela Bennett suing Rio Tinto for $136m

Two of the world's richest women are seeking another $136 million by suing Rio Tinto. According to a story in The Daily Telegraph, Gina Reinhart and Angela Bennett, who are heirs to the Hancock and Wright iron ore fortunes, are suing mining giant Rio Tinto over the rights to iron ore beneath as much as 150 square kilometres of the Pilbara iron ore region of Western Australia: The lawsuit in the NSW Supreme Court is seeking an estimated $136 million in past royalties dating back two decades. If successful, the legal bid could also reap the descendants of Hancock and Wright a further $25 million each year in royalties, even assuming the iron ore price halves by 2016.