Tectonic Metals gets funding for gold exploration in Alaska
The company's Flat gold project is located 40 km north of the giant Donlin gold project.
The most active gold contract on the Tokyo Commodity Exchange, February 2012 , inched up after an earthquake of magnitude 8.8 struck the north coast of Japan, while the rubber contract for August 2011 barely moved, dealers said on Friday, reported Mineweb.
The earthquake was the strongest ever recorded in the country, said the New York Times. A tsunami resulted that hit the northern coast of Japan. Damage and fatalities are still being assessed. Associated Press reports that between 200 to 300 bodies were found in Sendai, a northern city in Japan.
According to Coal Geology, natural gas contracts are up on the UK wholesale market. As a result of the earthquake, Japan has cut nuclear power production and the country will need to rely on gas for its energy needs.
Story photo via Twitpic.
Report by Mineweb and Michael McCrae. You can contact him at [email protected] or @michaelmccrae.
