Monday, November 15, 2010

Chinese state entity to take over Kanyika and Machinga projects

A Chinese state-owned enterprise will take a controlling stake in Perth-based junior minerals explorer Globe Metals and Mining Ltd for $41 million.

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Friday, November 12, 2010

Malawi: World Bank official impressed with Malawi growth rate

World Bank official impressed with Malawi growth rate - Lars Thunell, the International Finance Corporation (IFC) Vice-President and Chief Executive Officer (CEO), has asked the Malawi government to boost small-scale businesses to maintain the sound economic growth recorded by the African country in the past couple of years

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Battle for 'rare earth' begins

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Mon 01 Nov 2010

RRR - Red Rock Resources

Latest Prices
Name		Price	%
Red Rock Resources	10.75p		+4.88%
African Consolidated Resources	9.12p		0.00%
Thor Mining	1.32p		-5.36%

FTSE AIM All-Share	846		-0.29%
Mining	25,818		-2.64%

LONDON (SHARECAST) - Most of us won’t have looked at a periodic table since school, but now’s the time to brush up on your chemistry as mining companies go chasing ever more exotic and elusive elements.

Rare earth metals are the latest craze in the mining world. China has the biggest deposits and is getting protective. It announced last year that exports would be cut in 2010-15, and if recent press reports are to be believed, will ship out 30% less in 2011.

Paladin narrows Q1 loss on higher output

Uranium miner Paladin Energy Ltd has narrowed its loss for the September quarter from the same period last year on the back of higher production volumes from its two African mines.TO READ MORE CLICK HERE