R.I. Update for Wednesday, 12 November 2008

TOP STORIES    Move To Extend Life Of Rössing's Namibia Mine By Charlotte Mathews, 11 Nov 2008, 09:27 AM Rössing Uranium, which is 69% owned by Rio Tinto, is examining ways to exend the life of the mine beyond its official estimate of 2021, says MD Mike Leech. Regulation And The Credit Crisis By Christine Birkner, 11 Nov 2008, 12:53 PM Washington, and the futures and options industries were shaken by the SEC's temporary ban on short selling for 799 financial companies on Sept. 19. The SEC's rule followed in the footsteps of the U.K. Financial Services Authority's rule that prohibited short positions in U.K. financial sector companies until January 2009 with an exemption for market makers. Fluorspar Prices 'Unlikely To Hit Bottom Again' By Charlotte Mathews, 11 Nov 2008, 09:54 AM Acid-grade fluorspar prices were unlikely to touch a bottom of $250/tonne again as China, the biggest producer in the world, was expected to continue cutting back exports, Sallies CEO Tom Dale said yesterday. China Plan Fuels Hope For Investment By Joe McDonald, 11 Nov 2008, 09:46 AM Investors welcomed China's multibillion-dollar stimulus package, but analysts said yesterday the plan would depend on Chinese companies to supply a big share of the spending. The Lessons Of The Past Few Weeks By Michel Pireu, 11 Nov 2008, 10:04 AM In a Motley Fool article titled 'What to Do When the Dow Hits 7,500,' Austin Edwards says that the best thing to do is learn from it. Scrap Metal Tax 'Will Benefit The Big Firms' By Mathabo le Roux, 11 Nov 2008, 09:36 AM Millions of informal traders would be affected while the established players would ironically be subsidised, says economist. India's Credit Crunch Conundrum By Arvind Subramanian, 11 Nov 2008, 06:13 AM The Indian variant of the credit crunch is different. This article outlines potential means of expanding India's credit supply. Simply cutting interest rates will not suffice. Weak Demand And Low Prices Force Xstrata To Cut Capacity By Charlotte Mathews, 11 Nov 2008, 09:22 AM The world's largest producer of ferrochrome said yesterday it would suspend 29% of capacity, a sign of growing concern about prices amid a slowdown in the global stainless-steel industry.
PITPUNDIT BLOG  Alternative energy company reportedly healthy  ScottishPower a 'wind-ship' (partnering) with the Swedes  Public: 97% have negative view of oilsands  Ivanhoe Energy $10 million to the good  Cameco suffers 46% drop in 3Q earnings  CIBC: Markets near bottom  Oil under the $60 'limbo bar'  Aussie iron ore ebb  Uranium demand extremely strong, Paladin  CBH Resources close to idling zinc mine  China stimulus to hot up oil?  A 'hardening' in the market for Lafarge  Wagerup alumina refinery expansion delayed  Iron ore prices might fall 20% in 2009  Toledo Mining operation sets record  Copper TCs/RCs might rise with smelter downturn  Uranium One layoff  A chill for Chilean steel  Sumitomo may increase San Cristobal interest  New South Wales hikes coal royalty  MacArthur Coal preparing for slide in PCI product  China moving beyond a 'toe in the water' on emissions trading  China's "New Deal"  Aluminium Bahrain ponders expansion delay  Bailout plans endangered by crush of demand?  Commodities' declines next victims  China sees infrastructure driving its growth  Money funds' rescue delayed
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