Alix Acquires Claims in B.C. With 2.04% Rare Earth Oxides Across 15 Meters

ALIX RESOURCES CORP. has entered into an agreement to acquire a block of claims totalling approximately 450 hectares in British Columbia which host a historic BC Minfile Rare Earth Oxide (REO) occurrence. BC Minfile reports that “a sample of chips taken at random across a 15 metre section returned… 2.04%REO” (Minister of Mines Annual Report 1965 p.266). The second claim block consists... 

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Neo Material Technologies Enters Cooperative Agreement With Minmetal Rare Earth (Ganzhou) Company

Neo Material Technologies Inc. announced that the Company’s 90% owned Chinese joint venture Jiangyin Jia Hua Advanced Material Resources Co., Ltd (“JAMR”) has entered into an agreement to provide distribution, management and various technical services to Minmetal Rare Earth (Ganzhou) Co., Ltd (“MREG”). MREG is a newly formed company led by China Minmetals Corporation (“Minmetals”)... 

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Norsemont Mining Announces Major New Discovery at Constancia Project in Peru

Norsemont Mining Inc. announced that the Company has made a major new discovery at the Company’s 100-percent controlled Constancia copper-molybdenum-silver project in south-eastern Peru. The Pampacancha anomaly has been discovered approximately 2.7 kilometres south-east of the Constancia – San Jose deposit and lies within an area over which the Company controls 100 percent of the mineral... 

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San Anton Announces Progress With Engineering Study at the Cerro de Gallo Project

San Anton Resource Corporation announced today that it is progressing with its study work on the Cerro de Gallo Project in Mexico which will result in the completion of a more detailed pre-feasibility study rather than a scoping study The study work for the Cerro de Gallo project has been proceeding well over the past few months. The updated resource model, announced in June 2008, includes an increase... 

Asia grappling with rising inflation, weaker exports as oil soars and dollar plunges

Asia faces the threat of higher inflation, slower growth and tougher times for exporters after oil prices hit new highs and the dollar plunged last week. Farmers, miners and oil companies could benefit from high commodity prices. But most of Asia is dependent on imported energy and raw materials, and even some oil-exporting countries such as Malaysia have other industries that could suffer. “We... 

Uranium plant fuels growth for oil town

There’s a saying in these parts: Where oil flows, a city grows.” Yet more than just oil and gas is fueling a recent growth spurt for the southeastern New Mexico town, whose 2,700 residents have begun to feel the initial impact of a $1.5 billion uranium enrichment plant going up nearby. Situated on 640 acres just east of town near the Texas border, the first major nuclear facility to be... 

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Alliant seeks approval for coal plant

Formalizing a decision it announced in April, Alliant Energy Corp. has asked state regulators for permission to build a coal-fired power plant in Cassville, expanding the existing Nelson Dewey facility. The proposed 300-megawatt plant would provide enough power for about 150,000 homes. If approved, Alliant hopes to begin construction of the $777 million plant by June 2008 so it could be operational... 

Anglo, Harmony dent S.African shares, Bidvest shines

South African shares closed weaker on Friday with Harmony Gold’s shares leading the blue chips lower on the back of a worse-than-expected 33 percent drop in headline earnings per share. The Top-40 blue chip index slipped 0.55 percent to 23,151.11 points and the broader All-Share index shed 0.4 percent to 25,679.19 points. Harmony, the world’s fifth-biggest gold producer, posted a 33 percent... 

Most Asian Markets Rally as Nikkei Hits 10-Month High and India, Australia Reach Records

Most Asian markets rose Friday, with Japanese stocks climbing to their highest in nearly 10 months and markets in India, Singapore and Australia all rose to records. Malaysian shares finished at a new 10-year high. Stocks rose in Tokyo amid optimism about growth prospects for the U.S. economy, a key export market. The benchmark Nikkei 225 index climbed 27.61 points, or 0.16 percent, to wrap up the... 

Globex Mining Enterprises Inc.: Ore Definition, Stripping and Drilling at Lyndhurst Copper-Silica Zone

GLOBEX MINING ENTERPRISES INC. is pleased to inform shareholders that it has signed an agreement with privately owned Agregat R-N Inc., whereby Agregat can earn a 50% working interest in the #1 copper-silica zone at Globex’s Lyndhurst Mine property, located 35 km north of Rouyn-Noranda, Quebec. Under the agreement, Globex will provide technical expertise while Agregat will provide manpower, earth...