R.I. Update for Thursday, 6 November 2008

TOP STORIES    SAHRC Sees Rights Violations In Angloplat Relocation By Stephan Hofstatter, 05 Nov 2008, 09:55 AM The South African Human Rights Commission (SAHRC) says it found evidence of human rights violations when Anglo Platinum relocated thousands of villagers to expand its Potgietersrus Platinum (PPL) mine near Mokopane in Limpopo. Disappointing Diversification - Why Reducing Risks Through Cross-Border Investment Has Not Lived Up To Expectations By Dennis P. Quinn and Hans-Joachim Voth, 05 Nov 2008, 12:00 PM Investing in foreign markets may seem a good strategy for reducing risk. But this article shows that financial globalisation has resulted in increased correlation amongst international asset prices, thereby eliminating the diversification opportunities it was supposed to let investors harness. Palabora To Ramp Up Magnetite Exports By Charlotte Mathews, 05 Nov 2008, 09:44 AM Palabora Mining (Palamin) plans to raise exports of magnetite, a type of iron ore, to 4-million tons a year within the next three years from about 1.7 million tons at present, MD Matthew Gili said yesterday. Competition Commission Stares Down U.S. Soda Ash Cartel By Mathabo le Roux, 05 Nov 2008, 09:31 AM In a major victory for the Competition Commission, a U.S. industry body that had been accused of organising its members as an export cartel in the local market yesterday effectively admitted fixing prices on soda ash and agreed to withdraw from the southern African market. Chamber Of Mines Hits Out At Eskom On Power Cuts By Sure Kamhunga, 05 Nov 2008, 09:24 AM Utility meddling in national economic policy, says Nkosi. This as miners lose an estimated R12 billion of production.
PITPUNDIT BLOG  China's currency mixed with xenophobia?  Base metal outlook burnished  Agrium profit on a rocket  Looking at markets from a Canadian perspective--post U.S. election  Quadra swooping in on other companies?  Enbridge profit soars  British Columbia gas play sees pressure rising  Mutual fund redemptions result in consolidation, layoffs?  The "ins and outs" of ETFs and ETNs  Newalta Income Fund bailing out as a trust  On tap: cheaper oil, gas development  The "bell" tolls for gas guzzling autos  Obama-mania infects the markets  Using a "sinner" to catch sinners?  Ore miner Gindalbie's trading suspension extended  BHP drawing Japanese government ire on Rio merger  Brockman Resources rejiggers its iron ore plans  Steelmaker denies shutdown  "Dark Ages" coming for U.S. fossil fuels?  ADM pushing ethanol in Brazil  Opec cuts hitting the market  ArcelorMittal's furnaces to cool more  U.S. business' low expectations for the next four years  Government lax on drilling  U.S. electoral turnout--highest since 1908--a Democrat watershed  Apoquindo Minerals files its NI 43-101
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