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R.I. Update for Thursday, 13 November 2008

Resource Investor
 TOP STORIES
  
When Will The Chinese Economic Agenda Be Noticed In Washington? (Part I)
By Jack Lifton, 12 Nov 2008, 12:01 PM
I've been writing for some time in Resource Investor (RI) on my concern about a hidden U.S. dependence. Currently, oil has masked the equally as serious (if not more so) growing and now near total dependence on other imported critical raw-materials and direct sources of raw materials, e.g. minor metals and industrial minerals.

Don't Be Afraid To Go Against The Flow
By Michel Pireu, 12 Nov 2008, 09:35 AM
It's like those situations we've all faced when a nice trend leaves the station and we're not on board. The market is moving, the trading pace is quickening, and every fibre of our being wants to pile on.

Gemfields Retreats From Offer For TanzaniteOne
By Charlotte Mathews, 12 Nov 2008, 09:15 AM
Coloured gemstones miner Gemfields Resources, which is 28% owned by JSE-listed Pallinghurst Resources, had allowed its offer for shares in Tanzanian-based miner of precious stones TanzaniteOne to lapse, it said yesterday.

Investors Hesitant To Exploit Tax Break For Junior Mine Firms
By Charlotte Mathews, 12 Nov 2008, 09:31 AM
Interest in taking advantage of the recently introduced tax breaks for investments in exploration and smaller enterprises has not been significant, possibly because of the number of conditions attached to the legislation, BDO Spencer Steward director Ursula van Eck said yesterday.

Miners At Lonmin In Limpopo Strike
By Sapa, 12 Nov 2008, 09:01 AM
More than 2,000 mine workers have downed tools at platinum producer Lonmin in Limpopo, the National Union of Mineworkers (NUM) said today.

JSE Plans New Exchange For Africa
By Stephen Gunnion, 12 Nov 2008, 09:12 AM
Foreign interest in African-listed companies is likely to grow next year when the JSE launches its new Africa Board, says Maureen Dlamini, executive head of the Africa Board at the JSE.

Standard & Poors Has Dim View Of Rand, Rates
By Mariam Isa and Renee Bonorchis, 12 Nov 2008, 09:06 AM
Standard & Poor's (S&P) revised its outlook on South Africa's sovereign credit rating to "negative” from "stable” yesterday, warning that capital outflows could depress the rand more, keeping inflation high and delaying expected cuts in interest rates.

Mining Slowdown Takes Toll On Economy
By -, 12 Nov 2008, 08:57 AM
Faced with sharp declines in commodity prices and a contracting global economy, South Africa's mining companies are going to experience a significant decline in corporate profits, warned international growth consultants Frost & Sullivan (F&S) today.

Engineers Bill 'Will Lower Standards'
By Sue Blaine and Sanchia Temkin, 12 Nov 2008, 09:21 AM
South Africa's various engineering professional bodies continue to lobby against the Built Environment Professions Bill which, if promulgated, will change the way in which their professions are regulated.





 PITPUNDIT BLOG
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Saudi Arabia, new mediator for Pakistan Saudi Arabia, new mediator for Pakistan
Teck Cominco's debt conundrum Teck Cominco's debt conundrum
Fertiliser producer Incitec trebles profit Fertiliser producer Incitec trebles profit
Iran cries for Opec to make more cuts Iran cries for Opec to make more cuts
Emissions regs will kill lead, zinc sector Emissions regs will kill lead, zinc sector
Chile + Ukraine = China Chile + Ukraine = China
Indophil's further rebuff to Xstrata Indophil's further rebuff to Xstrata
Russian central bank rate up to 12% Russian central bank rate up to 12%
Oz Minerals now has control of uranium miner Toro Energy Oz Minerals now has control of uranium miner Toro Energy
Looking for four Saudia Arabias Looking for four Saudia Arabias
Japanese gas invasion in Oz Japanese gas invasion in Oz
Russian ruble, currency reserves running low? Russian ruble, currency reserves running low?
Labour, management deal in Germany Labour, management deal in Germany
Rio Tinto acknowledges difficulty on repayments Rio Tinto acknowledges difficulty on repayments
Northam Platinum  losing production Northam Platinum losing production
New mine product: 'wimpy' dark matter New mine product: 'wimpy' dark matter
Oil under the $60/barrel 'limbo bar' Oil under the $60/barrel 'limbo bar'
Iran joins Venezuela in oil situation Iran joins Venezuela in oil situation
Data validates need for China stimulus Data validates need for China stimulus
Democrat payback time Democrat payback time
AMEX's  AMEX's "don't leave home without it" biting back
New facet to Treasury's TARP programme New facet to Treasury's TARP programme
 Testimonials

"Prior to beginning to receive your newsletter I invested exclusively in U.S. companies, but you have definitely opened my eyes to the virtues of investing in well-managed, well-positioned Canadian juniors and other natural resource companies where there are literally fortunes to be made. Thank you!" - Bill


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