R.I. Update for Friday, 15 August 2008

TOP STORIES    Cameco Cuts Production Target--Downplays Cigar Lake Problems By Canadian Press, 14 Aug 2008, 02:03 PM The company is reducing its 2008 uranium production target by one million pounds due to delays expanding some of its mines, while assuring analysts that flooding may further delay startup at Cigar Lake but won't prevent it from supplying its customers. New Code To Evaluate Mining Projects By Charlotte Mathews, 14 Aug 2008, 08:49 AM A new requirement for listed mining companies to put a value on their projects and explain how that value was determined will come into effect from the beginning of next month. Uranium One Reports Record Production By Canadian Press, 13 Aug 2008, 03:57 PM The company continued to see a recovery in its beaten-down shares Wednesday as it announced record production and second-quarter earnings just as the market was reacting to problems at industry giant Cameco Corp. Ivanhoe Mines' Q2 Profit A Comeback From Prior Q2 Loss By Canadian Press, 14 Aug 2008, 02:11 PM The company had a $127.5-million profit in the second quarter on gains from the sale of its stake in Jinshan Gold Mines Inc. in China. Western Canadian Coal Reports Record Earnings By Canadian Press, 14 Aug 2008, 08:42 AM Western Canadian Coal Corp. (WTN) said strong coal prices helped it achieve record earnings in the quarter ended June 30, despite a drop in production. Uranium One Reduces Production Targets Of Dominion Mine By Charlotte Mathews, 14 Aug 2008, 08:52 AM Uranium One, the Toronto- and JSE-listed uranium miner, has again reduced its output forecasts from its Dominion mine in South Africa after a slower than anticipated ramp-up, it said yesterday. Four Myths About Sovereign Wealth Funds By Edwin M. Truman, 14 Aug 2008, 10:25 AM Sovereign wealth funds are a hot topic, but they're poorly understood. Four popular myths are that sovereign wealth funds are (1) about "them” not "us”, (2) all the same in their opacity, (3) a net benefit to the international financial system, and (4) not like hedge funds. This article explodes those myths and outlines a framework of reciprocal responsibility for sovereign investors and their investment recipients. Harvest's Possible $2-billion Refinery-revamp Could Attract Private Equity By Lauren Krugel, 14 Aug 2008, 10:19 AM A proposed $2-billion revamp for Harvest Energy's (HTE.UN) refinery in Come By Chance, N.L., could be an attractive investment opportunity for private equity firms, an analyst said Wednesday. Sudbury To Become More Cosmopolitan By Canadian Press (Sudbury Star), 14 Aug 2008, 02:58 PM Sudbury has largely been isolated from national trends regarding immigration, mainly because, until the last few years, people were leaving the city, not moving to it. But the mining boom has changed that, and it's likely to accelerate. Gran Tierra Energy Has Colombian Gas-condensate Discovery By Canadian Press, 14 Aug 2008, 02:17 PM A Calgary-based explorer and producer of oil in South America, says it has successfully tested the Popa-2 exploration well in the Rio Magdalena Block in central Colombia.
PITPUNDIT BLOG  Russia's UC Rusal demands Norilsk board re-election  South Asian diamond-trade rattled by bombings  U.S.-Libya normalization in prospect  Diminished diamond reserves a concern  Lonmin's Xstrata defence raised  ABB to run national grain pools  BHP boosts board from 11 to 13 members  Aptly named Minemakers shares up on phosphate news  China oil-services major in $2.5-billion Norwegian buy  Southern Copper output to be 111,000 tons under estimate  Russia targeted Georgian pipelines  Roan gas leases expected to garner $2 billion  Biofuel Energy pays for wrong bet on Ag commodities  Zinc price to recover  Europe's GDP shrinks for first time in a decade  Proposed FTC rule against oil market manipulation  Greenspan surprisingly blunt on bailouts  U.S. inflation at 17 year high
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