Stock and Mining News 03-07-06

[G-khan]

Eastern Mediterranean Resources


Oxus Gold


Lonmin


Gippsland


Rassou gets back on board
Markets lure bright young asset manager, Patrice Rassou, back to the industry.

Pat Davies, chief executive of Sasol
Numbers out today for the six months to the end of December. Where is Sasol going? China, the US, Africa and Qatar are all in negotiations.

GVM Metals


First Nickel


Monterrico Metals


Gippsland


Perseus Mining


Gindalbie Metals


BHP Billiton


Excellon Resources


Pele Mountain Resources


La Mancha Resources


David Salter, managing director of Eland Platinum
Out of Barplats and into Eland Platinum, with Loucas Pouroulis.

Ontario unveils new mineral strategy
Ontario's Provincial Government Monday unveiled a strategy that officials hope will make the province's mineral sector more internationally competitive.

Uber Investor McEwen Expands Nevada Empire
Uber investor Rob McEwen is formalizing his quest for supremacy on Nevada's growing Cortez Trend.

Aurizon Mines


Crystallex Announces Approval of Permit to Impact Natural Resources for an Aggregate Quarry for the Las Cristinas Project, Bolivar State, Venezuela (Business Wire)


Wall Street News Alert Announces Tuesday's Hot Stocks to Watch! March 7, 2006 (Market Wire)


Miramar Announces that the Nunavut Impact Review Board Makes Positive Recommendation on Doris North Project (Business Wire)


London Markets: Resource sector weighs on London's FTSE (at MarketWatch)
Big miners lost ground on Tuesday, pressuring the FTSE, as investors once more mulled the future of commodity prices and eyed ongoing iron-ore price talks.

Battle Mountain Appoints New Vice President Finance and Chief Financial Officer (PrimeZone Media Network)


Australian Stocks Fall (AP)
Australian shares fell Tuesday as lower commodity prices dragged down mining stocks. The benchmark S&P/ASX200 index fell 24.2 points -- or 0.5 percent -- to 4,879.7 while the All Ordinaries lost 23.8 points to 4,843.6.

Searchlight Minerals Corp. - Drill hole results - Clarkdale Slag Project (PR Newswire)


Newmont Mining Follows Gold Down (AP)
Shares of Newmont Mining Corp. and other gold mining companies fell Monday, after the price of the precious metal dropped 2 percent.

Mauro resigns from Canyon, U.S. Gold boards (bizjournals.com)


U.S. Gold making bid for four companies (bizjournals.com)
U.S. Gold Corp. has made an offer to buy four companies that are exploring in the Cortez Trend in Nevada, which some experts say has the potential to yield one of the largest gold fields in the world.

Canyon Resources Announces Resignation of Richard F. Mauro as Director (PR Newswire)


Nevsun Welcomes Eritrean Ministry Officials to PDAC (Business Wire)


Lexington Resources Doubles Barnett Shale Inventory With 5,000 Acre Drilling Joint Venture in Comanche County, Texas (PR Newswire)


Barnabus Energy to Participate in New Solar Housing Project in Chicago (Market Wire)
Barnabus Energy, Inc. is pleased to announce a collaboration with Chicago-based developer Greenpack Construction to develop affordable residential housing with integrated solar electric tiles.

Metalline Closes Private Placement Offering (Business Wire)


Gold Appears Poised to Break Out (at TheStreet.com)


Admiralty Holding Company Completes Survey Contract (Market Wire)
Admiralty Holding Company (Admiralty) announced today that it has completed its contract from Fugro Survey Caribbean, Inc. to perform a bathymetric survey in the waters of Jamaica. Fugro Survey is owned by Fugro, a Dutch, seismic survey and exploration company with worldwide operations.

Final Day for Trading of Placer Dome Common Shares Will be March 8, 2006 (Business Wire)


California Oil & Gas Corp. Announces $1,000,000 Private Placement (Business Wire)


U.S. Gold Corporation Consolidating Cortez Trend in Nevada (Business Wire)
DENVER----March 6, 2006--White Knight Resources, Nevada Pacific Gold, Coral Gold & Tone Resources

ThyssenKrupp to Provide Innovative Open Pit Mining Equipment for ...
Azom.com -ThyssenKrupp has received an order from Huaneng Yimin Coal and Electricity Co. Ltd. to deliver a new continuous coal crushing and ...

Toro IPO heavily oversubscribed
Australian Financial Review, Australia -... offer being made to the shareholders of the two parent companies alongside a ... Intersuisse mining analyst Paul Gooday said while there was scepticism about some ...

Kalla-linked Bosowa plans massive expansions, IPOs
Jakarta Post, Indonesia -... track that will link the coal plant owned by state-owned mining company PT ... You just can't imagine the bureaucratic difficulties faced by companies which have ...

ZIMBABWE : Hooo! - Mugabe Tells Western Uranium Seekers
African News Dimension, South Africa -... authority, Zimbabwe Investment Centre (ZIC), has put the issuance of special uranium licenses, which fervently bullish foreign mining companies have applied for ...

Dispute threatens fund to clean up waterways
Dayton Daily News (subscription), OH -NEW STRAITSVILLE | A fight between mining companies and the state is threatening Ohio's ability to clean up southeast Ohio waterways polluted by abandoned coal ...

Queensland investment campaign launched in Melbourne
Queensland Business Review, Australia -... annual Transaction Trends which surveyed 200 leading private Australian companies found Queensland ... has built under industry here on the back of the mining boom ...

Gold, gold, gold from Australia
Melbourne 2006, Australia -... to a significant number of small and large local and national companies joining together to ... the goldfields have played in Victoria A s gold-mining history, in ...

Shares slip in quiet trade
Australian, Australia -... to digest the state of play now that we have seen most companies report ... $2.67 million changing hands as shares in the Perth-based metals and mining company rose ...

The bull run that came by stealth
Financial Times, UK -... The large number of oil and gas companies and mining stocks on the London market has also spurred the FTSE's rally. These have performed ...

Mines accused of poaching workers
ABC Regional Online, Australia -Henry Palaszczuk says his department is investigating claims that mining companies are paying spotting fees of up to $1,000 to identify possible recruits to ...

Tension in Western towns over energy boom
Standard-Speaker, PA -... Dan Johnson fears that if the companies drill in the narrow gulches around ... development A oil and gas, coal, gold, silver and uranium mining A for decades ...

Angola seeks to increase investments in mining
afrol News, Norway -... 3 March - By liberalising its mining regulations and offering favourable investment terms, Angola hopes to attract more international mining companies to help ...

Amendments to labour laws in the works
Daily Times, Pakistan -... daughters. Contracts drawn for workers in the mining industry are so complicated that most of them cannot identify their employers. ...

Western energy wealth has social costs
MSNBC -... The energized oil, gas and mining industry has meant plentiful and well paying jobs, a bustling economy and a state A known more for its aboveground natural ...

Revised draft coal policy to hinder increased investment
The Daily Star, Bangladesh -... Clarity surrounding the responsibility of both public and private sectors in developing the mining industry including the capacity to implement and manage ...

Set Up Firms in Mining Industry - Fundanga
AllAfrica.com, Washington -BANK of Zambia (BOZ) Governor Caleb Fundanga has challenged Zambians to set up firms in the mining industry. Dr Fundanga said the ...

RP mining roadshow in Canada
Journal Online, Philippines -... global demand for minerals, the Philippines expects to take advantage of investors' interest following the revitalization of the Philippine mining industry. ...

Ocean sound's sweet music
Sunday Times.au, Australia -... Shenton Park's Grant Pierce, who has been working in the Tanzanian mining industry since 1998, is behind the children's 10-day visit to Australia. ...

Confidential data given to public
Anchorage Daily News, AK -... request of Rep. Paul Seaton, the bill's sponsor, who wanted details about how much tax the mining industry pays. "They inadvertently ...

January jobless rate edges up as expected
Anchorage Daily News, AK -... January. The oil industry added about 600 jobs in the past year and the mining industry added 200 jobs, the department said. Both ...

On government's conscience
Daytona Beach News-Journal, FL -At the time, the mining industry (coal, metal and non-metal, like phosphate) was averaging more than 300 deaths and 34,000 injuries a year -- a heavy price to ...

Mines try to get back up to speed
Houston Chronicle, United States -... The mining industry has been in turmoil since 65 workers were killed by an explosion at a coal mine owned by Grupo Mexico last week.

Media Advisory - Prospectors and Developers Association of Canada ...
CNW Telbec (CommuniquA s de presse), Canada -This major mining industry event will attract more than 12,000 delegates from Canada and around the world. Nearly 100 countries will be represented. ...

Documentary on Karen refugees won praise from former Czeh prez
Democratic Voice of Burma, Norway -... Heliports and mining equipment have replaced the original settlements of the jungle people, who only took enough from their beautiful and almost untouched ...

Saving the Silver Spade
Wheeling Intelligencer, WV -... efforts to obtain the Spade. A re proud that this is a historic piece of mining equipment.A . But Cerenzia said unless the ...


China slaps price caps on iron ore imports - trade
Extract not available.

Broken Hill GP nominated for award
Broken Hill GP nominated for award3:13 PM March 7 A local doctor has been nominated for New South Wales Woman of the Year.

European Stocks Fall, Led by BHP, Anglo American; STMicroelectronics Drops
March 7 (Bloomberg) -- European stocks slid to a two-week low as a slump in commodity prices and a disappointing sales forecast from U.S. chipmaker Texas Instruments Inc. sparked concern about slowing earnings growth.

Rio's force majeure stirs up iron ore market
Rio Tinto declared force majeure last Thursday after heavy rains fell over the nine mines in its Hamersley Iron unit and Robe River iron venture in the Pilbara region of Western Australia, which produced 142 million tonnes of iron ore in 2005.

Rand weaker due to weaker gold price: dealers
Rand weaker due to weaker gold price: dealers The rand is weaker and Forex dealers say sentiment towards the currency was dented due to the weaker gold price and sharp fall in the Brazilian real.

Rand weaker due to weaker gold price: dealers
Rand weaker due to weaker gold price: dealers The rand is weaker and Forex dealers say sentiment towards the currency was dented due to the weaker gold price and sharp fall in the Brazilian real.

Ian Telfer talks about Goldcorps future
TORONTO - Goldcorps marketing motto has always been Gold is money and Goldcorp is gold. While this is the case, it is also true that mining is a business, and cash is king. This is a point not lost on Ian Telfer and co.

China pressuring iron ore negotiations with secret price-cap policy
Shanghai. March 7. INTERFAX-CHINA - China is blocking iron ore imports above a price cap to put pressure on overseas suppliers during annual benchmark price negotiations, according to a government document obtained by Interfax.

Summary: Sumitomo Metal Industries Ltd
Copyright (c) 2006 Standard & Poor's, a division of The McGraw-Hill Companies, I. :

European Stocks Fall to Lowest in Two Weeks; STMicroelectronics, BHP Drop
March 7 (Bloomberg) -- European stocks slid to a two-week low as a slump in commodity prices and a disappointing sales forecast from U.S. chipmaker Texas Instruments Inc. sparked concern about slowing earnings growth.

Iron ore delivery delayed by flood
Iron ore delivery delayed by flood 07 Mar 2006 Rio Tinto, the world's number-two iron ore mining company, has announced that its deliveries will be delayed or even missed due to heavy rainfall, which has flooded some of its pit mines.

Sino Gold to start Lannigou Gold Mine production in Sept 2006
Sino Gold to start Lannigou Gold Mine production in Sept 2006 Shanghai. March 7. INTERFAX-CHINA - The Lannigou Gold Mine, part of the largest gold mine in China, is scheduled to start production in September 2006. '

European Stocks Drop; BHP Billiton, Anglo American, ASML Shares Pace Slide
March 7 (Bloomberg) -- European stocks slid to a two-week low as a slump in commodity prices raised concern about earnings at BHP Billiton and Anglo American Plc.

European Stocks Drop; BHP Billiton, Anglo American, ASML Holding Decline
March 7 (Bloomberg) -- European stocks slid to a two-week low as a slump in commodity prices raised concern about earnings at BHP Billiton and Anglo American Plc. ''

China to build Asia's largest gold mine
GUIYANG, March 7 (Xinhuanet) -- A Sino-Australian joint-venture for gold mine exploitation in southwest China's Guizhou Province is expected to begin operation in September this year, according to local government sources.

Performance Of CVRD In 2005
Business Wires CVRD's records in 2005: -- Shipments of iron ore and pellets, 255,171 million tons -- Shipments of primary aluminum, 447,000 tons -- Shipments of kaolin, 1.218 million tons -- ...

Polyus Gold Company To Elect a CEO
Russia's metals giant Norilsk Nickel the general meeting of Polyus Gold Company's shareholders is scheduled to take place on March 3, 2006, at Finance Academy in Moscow.

Alcan sheds light on its plans for smelter at Coega
By Johann Barnard Business Editor THE air of uncertainty that has shrouded the proposed aluminium smelter at Coega for the past four years may be dissipating.

Rio, Vale Iron Ore Delivery Concern to Drive Prices Higher, Macquarie Says
March 7 (Bloomberg) -- Rio Tinto Group, Cia Vale do Rio Doce and BHP Billiton, the world's largest iron ore exporters, may seek higher iron ore prices as supplies may be cut after cyclones dumped rain into Rio's mines, Macquarie Bank Ltd. said.

Norilsk Nickel's gold mining arm sells 20% stake in Gold Fields
MOSCOW, March 7 (RIA Novosti) - A gold mining company owned by Russian metals giant Norilsk Nickel has sold a 20% stake in the world's fifth biggest gold producer for $2.02 billion, the company said in a statement Tuesday.

Goldcorp shares rise after Q4 profit soars to US$102 million
By Craig Wong VANCOUVER (CP) - After spending billions on acquisitions and doubling the size of the company, Goldcorp Inc. ( TSX:G) is going to look to consolidate its position in 2006.

FTSE down as lower copper prices hit miners
By 8:25 a.m. British time, the FTSE 100 share index <.FTSE> was 38.7 points, or 0.7 percent, lower at 5,859.1 points, taking back much of Monday's rise with only about one tenth of its constituents seeing any gains.

FTSE down as copper price fall hit miners
By 8:25 a.m., the FTSE 100 index <.FTSE> was 38.7 points, or 0.7 percent, lower at 5,859.1 points, taking back much of Monday's rise with only about one tenth of its constituents seeing any gains.

FTSE down as lower copper prices hit miners
Extract not available.

Brilliant Mining Corp. Announces $10,000,000 Private Placement
Extract not available.

BHP Billiton announces four management changes
GLOBAL resources group BHP Billiton today announced four executive management changes, with one company executive set to retire at the end of the year and three others to take up new positions.

China caps iron-ore prices: report
CHINA, the world's biggest steel producer, has introduced price caps for iron ore imports in a bid to fend off a rise in 2006 term prices, which are currently under negotiation with the world's miners, traders said today.

BHP aluminium boss to become new CFO
Mr Vanselow has been with BHP Billiton since 1989 in a number of roles and is currently president of the group's aluminium business.

Brazil's CVRD iron ore miner's profit soars 73 pct
Extract not available.