KALU VALLEY, Afghanistan — If there is a road to a happy ending in Afghanistan, much of the path may run underground: in the trillion-dollar reservoir of natural resources — oil, gold, iron ore, copper, lithium and other minerals — that has brought hopes of a more self-sufficient country, if only the wealth can be wrested from blood-soaked soil.
LISBON, September 7 (Xinhua) — Portuguese President Anibal Cavaco Silva on Friday inaugurated the country‘s first nano-material production facility in the central Portuguese city of Coimbra.
The Innovnano factory, funded by Group Jose de Mello to the tune of 10 million euros (12.7 million U.S. dollars), creates 40 high-tech jobs. Over 90 percent of its production will be exported.
http://www.chinadaily.com.cn/xinhua/2012-09-08/content_6949115.html
PHILADELPHIA—A federal judge ruled that the U.S. Mint may keep 10 rare gold coins seized from the heirs of a Philadelphia coin dealer who obtained them decades ago under uncertain circumstances.
http://online.wsj.com/article/SB10000872396390443589304577633552754096444.html?mod=googlenews_wsj
Noront Resources Ltd. (“Noront” or the “Company”) (TSX VENTURE:NOT) is pleased to announce the results of an updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant Feasibility Study (“FS”) for a stand alone nickel, copper, platinum group element (“Ni-Cu-PGE”) mine and mill complex exploiting the Company’s 100% owned Eagle’s Nest deposit (the “Project”), McFaulds Lake, James Bay Lowlands, Ontario.
http://www.financialpost.com/news/mining/releases/detail.html?id=6616
Sept. 5 (Bloomberg) — Northam Platinum (JSE:NHM) Ltd.’s bond sale this week, the second biggest by a miner in South Africa in 2012, signals investors are betting it will navigate rising costs and deadly strikes that have cut industry output.
http://www.moneyweb.co.za/mw/content/en/moneyweb-south-africa?oid=609898&sn=2009%20Detail
PERTH – Australian miners are betting that Africa will be the next frontier for iron-ore, as they look beyond a fall this week in the price of the steel-making ingredient to its lowest level in nearly three years, battered by cooling Chinese demand.
African Barrick Gold Plc (ABG.L, ABGLF.PK), a subsidiary of Canadian miner Barrick Gold Corp. (ABX.TO,ABX:Quote), on Tuesday said its Board of Directors has formed a Transaction Committee, made up of three independent non-executive directors. The committee include Michael Kenyon, Derek Pannell and David Hodgson.
IMX Resources and JV partner Continental Nickel are further enhancing the regional prospectivity of the Nachingwea Nickel and Copper Project in southeast Tanzania with the identification of 25 new high priority anomalies in a recently completed airborne magnetic and VTEM survey.
Royal Nickel Corp. is actively searching for potential development partners for its Dumont project in Northern Quebec.
North Korea holds trillions of dollars in mineral resources. Unless it reforms its economy, it may never see much benefit.
http://thediplomat.com/2012/08/30/north-koreas-six-trillion-dollar-question/
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