R.I. Update for Monday, 25 August 2008

TOP STORIES    How Low Can Gold Go? By Stephen Clayson, 22 Aug 2008, 01:17 PM Has gold hit bottom? Weekly Oil Market Wrap - All hail the new floor price By Edward Tapamor, 22 Aug 2008, 01:29 PM The oil markets have been "slumping” according to the mass media. It hardly seems worth mentioning but to call $113 a "slump” seems to be flying in the face of reason?just ask OPEC. Severstal Resources Buying PBS Coals By Canadian Press, 22 Aug 2008, 09:04 AM Russian conglomerate OAO Severstal (SVS) plans to acquire a $1.3-billion Pennsylvania coal business through a transaction that involves the purchase of a Canadian-listed corporation. Cameco's African Uranium Exploration Firm Buy By Canadian Press, 23 Aug 2008, 10:29 AM Cameco spending $28 million for a stake in an African uranium exploration company. Gold And The Bernake Effect By Jon Nadler, Senior Analyst, Kitco Bullion Dealers Montreal, 22 Aug 2008, 12:02 PM Bernanke spoke. Markets listened. Speculators acted. The public continues to scratch its collective head. How and when will the storm end? Chevron Gives ExxonMobil Lead Operator Role For Heron Project By Canadian Press, 22 Aug 2008, 09:52 AM Chevron Canada is handing over the role of operator of the Hebron oilfield off Newfoundland and Labrador to ExxonMobil Canada. Potash Corp. Strike Drags On By Canadian Press, 23 Aug 2008, 10:40 AM Striking potash miner Jim Smutts is prepared to keep walking the picket line when snow hits the ground if it means getting the paycheque he believes he deserves. Gold Fields Shrugs Off Kebble-era Claim By Charlotte Mathews, 24 Aug 2008, 08:10 AM Gold Fields to defend Western Areas suit 'vigorously' Quest Acquires Uranium Property In Quebec By Canadian Press, 22 Aug 2008, 09:41 AM Quest Uranium Corp., a Montreal-based junior miner, says it has struck an exploration property agreement with a Montreal-based prospecting group for the right to acquire 100% of the claims located in the LG4 area of the James Bay region of Quebec. HudBay Closing Balmat Zinc Mine, Concentrator By Canadian Press, 22 Aug 2008, 06:22 AM HudBay Minerals Inc. (HBM) said that it plans to close its Balmat zinc mine and concentrator in New York, a move that will affect about 200 workers. Organized Crime Goes "Green" By Canadian Press, 22 Aug 2008, 05:10 PM Organized criminals in Canada are going green, turning to environmental crime as an increasingly lucrative way of raising money. Saskatchewan Leader: Resource Funds Need Care By Canadian Press, 24 Aug 2008, 01:28 PM The new leader of the Saskatchewan Liberals says the province needs to invest booming oil and gas revenue carefully. How Are Chinese Multinational Enterprises Different? By Philippe Gugler, 23 Aug 2008, 11:32 AM Chinese enterprises are making high profile forays into foreign markets. While these firms' motivations are explained by traditional theories of multinational enterprises, this article identifies notable characteristics of many Chinese companies that make them distinct. China's cultural context, market structures, and resources may necessitate changing our thinking about multinational enterprises' strategies and motives. Subprime Turmoil: What's Old, What's New, And What's Next By Charles W. Calomiris, 22 Aug 2008, 11:52 AM The subprime crisis is the joint product of perverse incentives and historical flukes. This article explains why market actors made unrealistic assumptions about mortgage-backed securities and how various regulatory policies exacerbated the problem. The crisis will necessitate changes in monetary policy, regulation, and the structure of financial intermediation.
PITPUNDIT BLOG  Airlines want coal for fuel  U.S. House Speaker tied to T.Boone Pickens--update  Copper giant Codelco accused of corruption  New head of Anglo American in the offing  Indophil wants to foil Xstrata  Oil exec's accusation of Russian power abuse  Aussie government has iron ore concerns with BHP  Bernake augers on inflation  Credit cards, the next credit crisis  China's central bank has secret U.K. stake  Follow the adage: buy on the (Russian) bullets?  U.K. recession imminent  U.S. Big Three Automakers Look For Bailout  Lumwana copper/uranium mine to get go ahead  Ninth U.S. bank fails in 2008  It's Obama and Biden for the Dems  Commodities' biggest weekly rise in 33 years  I.O.U.S.A. documentary on American debt obsession  Coro has deal with Dundee for Cerro Negro mine  Weststar Resources gets Saskatchewan coal prospects  Slashing steel prices  Bargains: Yamana and Goldcorp  India pursues £1.2 billion Imperial Energy  U.S.' FDIC faces a conundrum  Asian bourses face competition  Scratchin' for cash  Macquarie, model no more?
Testimonials "I want to thank you guys because I think Resource Investor is very good, and it has helped me make some money." - Joe If you can't access the site from this mail, please reply to this mail with "Problem email" in the subject line, and we will address the problem. You voluntarily joined the Resource Investor newsletter. View this Newsletter Online. Change Email Address