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R.I. Update for Thursday, 20 November 2008

Resource Investor
 TOP STORIES
  
Gold In The Low $600s?
By David Galland, Editor, The Casey Report, 19 Nov 2008, 01:24 PM
Of late, I have read a number of analysts, Jim Rogers even, who have expressed the view that gold could dip to the mid- to low-$600 level.

Platinum Market Likely To Show Deficit Due To Fall In South African Output
By Charlotte Mathews, 19 Nov 2008, 09:50 AM
Platinum was likely to trade between $700 and $1,400/oz and palladium between $125 and $300/oz in the next six months, depending whether markets remained bearish or recognised the positive fundamentals for both metals, according to Johnson Matthey's interim review.

Lonmin Takes The Axe To Costs
By Charlotte Mathews, 19 Nov 2008, 09:19 AM
Lonmin, the world's third-biggest platinum producer, announced drastic steps yesterday, including retrenchment, suspending growth projects and passing its final dividend, to weather low platinum group metals (PGM) prices and the credit crunch.

Sasol To Decide On Appeal For Wax-Cartel Fine
By Siseko Njobeni, 19 Nov 2008, 09:46 AM
Petrochemicals group Sasol is to decide on whether or not to appeal the ?318 million fine for its participation in a European paraffin wax cartel, in a few weeks' time, says spokeswoman Jacqui O'Sullivan.

Globalisation And Risks: Trends And Crises
By Roland Spahr, 19 Nov 2008, 10:10 AM
Globally integrated countries have suffered heavily from highly volatile stock markets during the current crisis. This article argues that globalised countries enjoy lower stock market risk in good times, but they suffer just as much in crises. Moreover, the transition to openness breeds financial instability. Policymakers need ways to manage these risk concerns.

New Study Highlights Mines' Use Of Subcontracted Labour
By Luphert Chilwane, 19 Nov 2008, 08:59 AM
Research findings by the sociology of work unit of the University of the Witwatersrand (Wits) revealed yesterday that more than 60% of platinum mines in the Rustenburg area employed subcontracted mineworkers to avoid direct accountability in cases of accidents and death.

Take Nothing For Granted, Including Prevailing Views
By Michel Pireu, 19 Nov 2008, 09:56 AM
If you want to be able to trust your investment decisions you have to question everything, including conventional wisdom. Take the majority view on diversification.

Uncertainty Still Surrounds Controversial Proposal To Mine Titanium At Xolobeni
By Franny Rabkin, 19 Nov 2008, 09:15 AM
Six weeks after titanium mining was to have started at Xolobeni in Eastern Cape, the AmaDiba community, fiercely opposed to the mine, is still uncertain about its future.

COPE 'Misinforming Miners About Their Pensions'
By Amy Musgrave, 19 Nov 2008, 09:05 AM
The National Union of Mineworkers (NUM) has accused the Congress of the People (COPE) of starting a campaign of misinformation among miners concerning their pension funds in an effort to recruit new members.





 PITPUNDIT BLOG
Gold rally....when? Gold rally....when?
Fiat opposes U.S. automaker bailout Fiat opposes U.S. automaker bailout
New refinery in Costa Rica New refinery in Costa Rica
Energy dispute endangers a source for China Energy dispute endangers a source for China
Converting China to a consumer economy Converting China to a consumer economy
Syncrude, Alberta have royalty accord Syncrude, Alberta have royalty accord
BMO trader guilty in $C850-million gas debacle BMO trader guilty in $C850-million gas debacle
Gold demand at all time high: World Gold Council Gold demand at all time high: World Gold Council
OZ Minerals sags OZ Minerals sags
Australia sees fall in mining capital spend--but positive future Australia sees fall in mining capital spend--but positive future
MacArthur Coal feeling the pinch MacArthur Coal feeling the pinch
Overcoming low nickel prices Overcoming low nickel prices
Reduced access to capital vis-a-vis M&A activity Reduced access to capital vis-a-vis M&A activity
Dalrymple Bay coal terminal 'for sale' sign's up Dalrymple Bay coal terminal 'for sale' sign's up
Labour talks underway at Zambia's second-largest copper, cobalt mine Labour talks underway at Zambia's second-largest copper, cobalt mine
Ess Dee Aluminium's capacity doubled Ess Dee Aluminium's capacity doubled
E.U.'s 300-page concerns on BHP-Rio Tinto merger E.U.'s 300-page concerns on BHP-Rio Tinto merger
Incoming U.S. administration will have global warming as a top priority Incoming U.S. administration will have global warming as a top priority
Canada to address patchwork securities regulation Canada to address patchwork securities regulation
Severstal headed in two directions Severstal headed in two directions
 "Orphan loans" poorer performers
 "Big Three" on bended kneee
U.S. healthcare on the table U.S. healthcare on the table
 "Show me the money"
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