R.I. Update for Thursday, 28 August 2008

TOP STORIES    Russia's Gold Miners Mull Joint Expansion By Sergei Blagov, 27 Aug 2008, 12:21 PM As Russian mining shares declined amid worsening relations with the West, the country's leading gold producers, Highland Gold Mining and Polymetal, were rumored to mull a merger in an apparent bid to achieve synergy effects. Enhance Energy and Fairborne Energy Form Oil Recovery JV By Canadian Press, 27 Aug 2008, 08:56 AM Enhance Energy Inc. and Fairborne Energy Ltd. (FEL) are forming a joint venture to develop an Alberta oil recovery project that will use captured carbon to boost output from mature fields. Transeuro And Questerre Testing Deep Shale's Natural Gas Potential By Canadian Press, 27 Aug 2008, 08:52 AM Transeuro Energy Corp. (TSU) and and Questerre Energy (QEC) shares got a boost in overnight trading after the companies announced they are testing the natural gas potential of deep shale the Liard basin, in northeastern British Columbia. Turkish Cotton Impacted By Non-biological "Boll Weevils" By Ibrahim Sirtioglu, Agricultural Marketing Specialist, U.S. Embassy, Ankara, 27 Aug 2008, 03:31 PM Cotton area and production is now estimated to be 380,900 hectares and 500,000 tonnes. The decline in the planting area is due to better returns on alternative crops, namely corn and vegetables. Moreover, frost in the early season also adversely affected planting. An overvalued Turkish Lira continued to hurt Turkish yarn and textile exports and helped competitors from lower cost countries such as India and Uzbekistan. Homeland Energy Group Ltd. Will Purchase Two U.S.-based Companies By Canadian Press, 27 Aug 2008, 08:40 AM The company says that it has reached a deal to purchase the two firms for a total of $105 million. Gold Reserve Rejects Takeover Offer By Canadian Press, 27 Aug 2008, 04:08 PM The company says that it has rejected an unsolicited takeover offer from Rusoro Mining Ltd. 'Cartel' Company Case May Be Weakening By Mathabo le Roux, 27 Aug 2008, 10:46 AM A group of U.S. companies, accused of cartel-like behaviour in the southern African market, yesterday unexpectedly opted not to call one of its lead witnesses in a hearing before the Competition Tribunal. Lignol Confirms Site For Cellulosic Ethanol Plant By Canadian Press, 27 Aug 2008, 02:58 PM Lignol Energy Corp. (LEC) says its U.S. subsidiary is moving forward with plans to construct a commercial demonstration plant to make ethanol with cellulose, but at a different site than originally expected. Nova Scotia Gold Firm Settles Lawsuit By Canadian Press, 27 Aug 2008, 02:46 PM Gammon Gold (GAM) has settled a lawsuit from a U.S. metals investment firm that alleged Gammon overstated gold production figures at its Mexican mines. Kebble's Ghost Continues To Haunt R&E, JCI By Charlotte Mathews, 27 Aug 2008, 10:36 AM Randgold & Exploration (R&E) and JCI, the mining investment companies at loggerheads over funds misappropriated under the stewardship of Brett Kebble, would resort to arbitration after other attempts to reach a solution had failed, R&E said. Court Has Dismissed Lawsuit Against Kumtor Project By Canadian Press, 27 Aug 2008, 08:46 AM Centerra Gold Inc. which has been struggling to resolve uncertainty over its Kumtor mine, says a Kyrgyz court has dismissed a lawsuit seeking to annul the Toronto company's ownership rights over that property. Chicken Manure--More Than An Epithet By Sabine M. Lieberz, U.S. Embassy-Berlin, 27 Aug 2008, 03:08 PM Reportedly world's first biogas/biomethane plant that runs on 70% chicken manure as a feedstock was officially inaugurated in Baasdorf (eastern Germany) this month. The Burdens Of Global Rebalancing By Robert Dekle, Jonathan Eaton, and Samuel S. Kortum, 27 Aug 2008, 01:09 PM A correction of international imbalances seems inevitable. What will that entail? This article presents estimates of the changes in trade flows required to rebalance the world's current accounts and analyses which countries will bear the burdens of adjustment. Co-Generation Woes Begin With Eskom — Anglo American By Siseko Njobeni, 27 Aug 2008, 10:41 AM Anglo American yesterday said it had found negotiations with Eskom on co-generation extremely difficult, resource intensive and time-consuming.
PITPUNDIT BLOG  Rio Tinto: China up 10% this year, 9% next  Petaquilla purchase = opportunities  New Canadian tax rules a hazard  Alaskans prefer mining over fishing  China: latest on grain scandal, ethanol and oilseed  FDIC to use key to U.S. Treasury vault?  Landowners aghast at Western Australia ban on uranium  Oil services' Wood Group saw its net hop  Rio Tinto 'takes the pledge', as it were  Downcast Europe brightens dollar  Cairn Energy getting the cash for huge Rajasthan oilfield  Like the U.S., China looks for a stimulus  In the crisis, does Treasury Sec. listen to Goldman on Freddie/Fannie?  Arcelor Mittal may be struck 1 September  ConocoPhillips exiting retail gasoline  Penn West Energy Trust's non-core properties on block
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