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London Stockpile 20-11-09 - Juniors shine
The third article in our new web-exclusive column, published each Friday, that discusses significant developments among London’s Official List and AIM mining/exploration stocks.
Mauritius buys IMF gold
The International Monetary Fund (IMF) has disposed of another 2t (64,000oz) of the 403.3t it previously earmarked for sale. The Bank of Mauritius paid US$71.7 million for the gold
Law firm wins fraud case
An Australian law firm which worked with mining companies in Central Asia has won a three-year legal battle against former employees found to have committed fraud
Royalties go up in West Africa
The government of Sierra Leone has passed a new mining act increasing royalties for diamond and precious metal producers, while Ghana has announced that it also plans to increase royaltiesRecord Aussie exploration spend
Exploration spending on Australian projects during the fiscal year to end-June was the highest on record, and more than double the average over the past 30 yearsNew World returns to positive operating cash flow
New World Resources has seen a return to positive operating cash flow from its operations following two negative quartersAlliance launches action
Alliance Resources Ltd, which holds a 25% interest in the Four Mile uranium project in South Australia, has launched an action in the Supreme Court of South Australia against two companiesSlump in autocatalyst platinum market
Almost as much platinum is likely to be used in jewellery this year as consumed in catalytic converters. This follows an astonishing 80% jump in demand for the former and a 33% slump in usage of the latter
European steel group opposes Rio/BHPB joint venture
The European Confederation of Iron and Steel Industries (Eurofer) has said that a joint venture between Rio Tinto and BHP Billiton to consolidate Australian iron-ore assets is fundimentally against the interests of the steel industry
Zinc surges after snowstorm
Zinc climbed to the highest level in more than 17 months in Shanghai on speculation China’s worst snowstorms in decades may have disrupted supplies in the world’s largest producer and consumer of the metal
Grupo Mexico wins fight to regain control of Asarco
Grupo Mexico SAB can regain control of its bankrupt US copper miner, a judge in Texas ruled in rejecting a competing offer from Sterlite Industries (India) Ltd.
Lonmin sees ‘early signs of improvement’ in platinum
Lonmin plc sees signs of improvement in the industry, with the possibility of a "slow" recovery this fiscal year and supply shortages in the following two yearsKen Gooding's Fifth Column - Complete Archive
A weekly column from the former Financial Times mining journalist, Ken Gooding, who looks behind the news at the industry's leading decision makers.Mining Journal LegalEase - Complete Archive
The complete archive of Mining Journal's series of special reports on legal issues within the mining industry.Mining Journal London Stockpile - Complete Archive
London StockPile is a weekly discussion of significant developments among London’s Official List and AIM mining/exploration stocks, based on their five-day share price movement. This article provides links to all columns in the ongoing series.COMPANY NEWS
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