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China to add 800 t of gold deposits in 2009, official
China's gold industry has set the target to produce 290 tons of gold and add 800 tons of proven reserves this year, said vice minister of Industry and Information Technology Miao Wei at a recent meeting. According to the industry's 2009 target, output
Mining.com

China aluminum production cost to drop 800 yuan/t on power price cut
The tariff for direct supply of electricity to aluminum enterprises from power plants, instead of via power grids, will be set at no higher than 0.3 yuan per kwh, down by around 0.06 yuan per kwh compared with the previous charge for indirect supply,
Mining.com

Pamodzi Gets 200 Million-Rand Offer for South African Gold Mine
Pamodzi Gold Ltd. received a 200 million rand ($20.7 million) offer from Virgile Mining for its President Steyn gold mine, in South Africa's Free State province, Virgile's chief executive officer said. 'We made the offer to them several months ago and it
Mining.com

Borders finds e-book too much of an odyssey
Borders UK is giving up on its first attempt to persuade Britons to buy electronic books after less than a year, because customers have baulked at the high price. The 51-store bookseller plans to sell...
BBC

Rail link lifts property value hopes
House prices near the Channel tunnel link stations are predicted to rise by a total £1.6bn after fast domestic services start later this year, with Ebbsfleet seeing the largest rise
FT

HG Capital `well positioned` for recession
The private equity investment trust said its cash would allow it to capitalise on 'the opportunity to acquire good businesses at attractive prices'
FT

South American Silver Corp. Files Positive Preliminary Economic Assessment Study on Malku Khota Silver-Indium Project
-- South American Silver Corp. ('SASC' or the 'Company')(Toronto:SAC.TO - News) announced today that it has filed the NI 43-101 compliant Preliminary Economic Assessment Study ('PEA') on its 100% owned Malku Khota silver-indium-gold project located in
Mining.com

Gold price opens higher in Hong Kong - March 20
The gold price in Hong Kong followed the United States to surge 184 HK dollars to open at 8, 750 HK dollars per tael on Friday. The price is equivalent to 948.59 U.S. dollars a troy ounce, up 20.07 U.S. dollars at the latest exchange rate of one U.S.
Mining.com

Alert-16:00(Est) ACM Precious Metals Analysis: Gold Stable at Current Levels
Gold underwent some selling pressure most of which originated from Asia and Eastern Europe. This could be a light signal foreign investors are slowly unwinding risk averse positions, to test the market for higher-yielding assets. While gold highs hit $957, the positive momentum was short lived keeping prices in a trading range between $950-$953 for most of the session. ...
Alerts Feed

Wall St held back by flagging banks
US stocks fell as the financial sector was weighed down by bad news for financial stocks and falling commodity prices
FT

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