R.I. Update for Tuesday, 19 August 2008

TOP STORIES    Harmony Keen To Get Every Ounce Of Gold By Charlotte Mathews, 18 Aug 2008, 11:49 AM The company is considering the viability of spending up to R850 million in Free State to build a tailings reprocessing plant at the now-closed St Helena mine. Southern Pacific's Independent Reserve Estimate 4.5X Management's By Canadian Press, 18 Aug 2008, 05:16 PM The company (STP) said that an independent evaluation of its oilsands leases that the company says is 4.5 times higher than an estimate issued in June by its management. Ukraine Expects Biggest Harvest in A Decade By Olena Pereyatenets, Agricultural Specialist, U.S. Embassy, 18 Aug 2008, 12:41 PM Ukraine anticipates one of its biggest crops in 10 years. Domestic prices are decreasing, and the government is trying to boost the price of wheat by purchasing stocks for the state reserve. While July grains export numbers are high, traders slowed purchases based on expectations that prices will continue to decrease. Commodities Tumble As Gold Slides Below $800 By Business Day, 18 Aug 2008, 11:41 AM A sustained dollar rally may push precious metal below $750 per ounce. Fairborne Boosted By Promising Horizontal Well By Canadian Press, 18 Aug 2008, 05:09 PM Fairborne Energy Ltd. (FEL), a Calgary-based oil and natural gas producer, saw its shares rise nearly 14% Monday after the company said its Harlech horizontal gaswell in Alberta produced at high flow rates. Sterling Resources Ups Stake In Romania By Canadian Press, 18 Aug 2008, 12:00 PM Sterling Resources Ltd. (SLG), a Calgary-based energy company, says it has struck a deal to acquire an additional 40% working interest in the 700,000 hectare South Craiova Block E III-7 in Romania. Globalisation And The Costs Of International Trade: 1870 To The Present By David Jacks, Christopher M. Meissner, and Dennis Novy, 17 Aug 2008, 09:56 AM Analysts suggest that rising oil prices will sharply reduce international trade. This article argues to the contrary, noting that transport costs constitute a limited share of trade costs. Moreover, evidence from the first wave of globalisation suggests that higher shipping costs are unlikely to significantly dampen international commerce - only protectionism would seriously threaten trade.
PITPUNDIT BLOG  Saudi silence heightens oil uncertainty  Verona buying assets in Saskatchewan  India bans Venezuelan rough diamonds  Gold sliding for sixth straight week?  Ketchup magnate scion into carbon sequestration  3 refineries + $2 billion = offshore port  Rise of the dollar has pluses, minuses  Canasil signs deal with Pan American Silver  Straits--$100-million coal traded for precious metals focus  Iraqi oil abandoned  Bearclaw Man/Prime property sold to Candorado  Putin--synomous with expropriation?  Chavez promises oil to Paraguay  Rusal's imbroglio now playing in London  Fear in 'Oz': Commodities boom ending  Toyota: Pedal to the metal for change  U.S. Speaker of the House now for offshore drilling?  Credit swoon--a further 1.5 years  Sino Gold Mining Ltd. reports $1.6 million loss  Geologic Resource Partners tightens grip on Geoinformatics  Venezuela's likely bill for nationalization: nearly $12 billion
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