A radical thesis: If I had a million dollars to invest in a single mine, I would go meet the mine's health and safety officer. If he impressed me, I would invest. If he did not, I would get on the next plane and fly to the next mine on the list.
It's a great time to be invested in energy metals, says Chris Berry, president and founder of House Mountain Partners.
At the end of February 2012, construction was 37.2 percent complete with 2,362 people working on the project. We have completed more than 5.8 million cubic meters of earthworks and poured 39,839 cubic metres of concrete. We have commenced erection of structural steel. Marine terminal construction is also on track, with 67 of 180 piles driven to final acceptance.
Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to announce that it has entered into a legally binding Joint Venture Agreement with ASX-listed Silver Swan Group Limited (ASX:SWN) ("Silver Swan") allowing Silver Swan to earn up to an 80% interest in Astur Gold's La Codosera gold property by incurring AUD$3M in exploration expenditures.
At lunch today a colleague posed the question, would you invest in a Mexican mining enterprise? My answer: I honestly don’t have a clue.
Why? For mining the stuff for making China.
Centerra Gold said labour strikes last month worsened the extent of the ice and waste flows and that it now can't access the high grade zone at its massive mine in Kyrgyzstan.
Canada-based gold producer Centerra Gold Inc. (TSX:CG) announced today that increased ice movement in the southeast section of the pit will delay scheduled access to the high grade SB zone. Preliminary engineering analysis now indicates production of 390,000 to 410,000 ounces of gold in 2012 at its Kumtor mine, rather than between 575,000 and 625,000 ounces as previously forecast. The revised production profile will continue to be weighted to the fourth quarter.
Canadian health products provider Nordion was the target of criticism at a major nuclear security summit in South Korea due to the company’s deal with Russia that entitles it to sell medical isotopes made with weapons-grade uranium for the next eight years.
"Shenhua is the most competitive bidder for the project given its technology, transport infrastructure, access to the Chinese market and the backing of the Chinese government," Shenhua CEO Ling Wen told reporters.