R.I. Update for Wednesday, 27 August 2008

TOP STORIES    Chinese Lever Into Canada's Junior Miners, Exploration By Andrew K. Burger, 26 Aug 2008, 03:06 PM Tiomin Resources and Jinchuan Group, China's largest producer of platinum group metals and nickel, continue to scout out and invest in promising prospects. Canadian juniors, bridge loan financing for Freegold Ventures are the latest. BHP Wants Merger Papers Kept Private By Charlotte Mathews, 26 Aug 2008, 09:47 AM BHP Billiton is taking legal steps to avoid giving up control of certain documents to the Competition Commission in support of its proposed merger with Rio Tinto. High River Gold's Financing With A Russian Conglomerate Is Cancelled By Canadian Press, 26 Aug 2008, 05:56 PM High River Gold Mines Ltd. (HRG) said Tuesday that a plan that would have seen a Russian conglomerate take a nearly one-third stake in the Canadian gold miner has been cancelled due to market conditions. Gold Fields Puts Kloof Synergy Study On Hold By Charlotte Mathews, 26 Aug 2008, 10:03 AM Gold Fields would spend the next five years building up production at the South Deep mine to full capacity of 330,000 tons a month or 800,000 oz of gold a year, the head of South African operations Vishnu Pillay has said. Tories Commit $100 million To Map Arctic Resources By Murray Brewster, 26 Aug 2008, 03:40 PM Prime Minister Stephen Harper has announced a major project to map geological resources in Canada's Arctic. Declaring "use it or lose it" as the "first principle of Arctic sovereignty," Harper says the program will use geological sciences and technology to determine the North's development potential. Vale Inco Nickel Plant Approved By Canadian Press, 26 Aug 2008, 11:46 AM The government of Newfoundland and Labrador has cleared the way for Vale Inco's nickel-processing plant in Long Harbour, releasing the $2-billion project from further environmental assessment. Are U.S. Assets Special In The Eyes Of Global Investors? By Steven B. Kamin, Deputy Director, Division of International Finance, U.S. Federal Reserve Board, 26 Aug 2008, 10:09 AM It has become conventional wisdom that international investors' unusual fondness for U.S. assets helps explain the persistence of the U.S. current account deficit. This article argues that U.S. financial assets have not been demonstrably more attractive than those of other industrial economies. Power Crisis Cost Economy About R50 Billion By I-Net Bridge, 26 Aug 2008, 09:40 AM The National Energy Regulator of South Africa (Nersa) CEO Smunda Mokoena today said the economic impact of load shedding had been costed at R75/kWh, for a total of some R50 billion. Chevron Will Cede Control Of Hebron Oil Field--Update By Canadian Press, 26 Aug 2008, 09:30 AM Chevron Corp. the second-largest U.S. oil company, plans to give Exxon Mobil Corp. control of the Hebron oil field off Newfoundland and Labrador.
PITPUNDIT BLOG  China hoards dollars stealthily  Rio Tinto earnings up 212%  Mine...or go fish  Xstrata move over, new joint bid for Lonmin possible  Oilsands, taking it out in trade  Palm oil trees' leaves are wilting  Kuwait to pump 20% more  Bargains to be had on London's AIM, miners oversold  Miners' picks are broken  Petaquilla Copper accepts Inmet's revised offer  Financial future: don't bet on U.S. bailouts  Russia-centric Imperial Energy says OK to £1.4-billion buyout  China's new deal-review programme  Paladin Nuclear buying uranium at $60  Alcan an albatross  Sulzon's turbines in a tizzy  PetroChina has an $11.8 billion buyout  States on global warming kick  Concerns stoke soybean prices  Drilling in Deutschland is OK  Banks on their own recognizance...for now  Hops: a hopping sector  Quest Resources' CEO resigns under cloud
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