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The Pulse: Phosphate takeover time; RE stock snapshot; New potash play; Chinese expert: gold is being rigged

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It’s phosphate takeover time for Australian players. First, Oman-owned Mawarid Mining has almost certainly grasped a marine phosphate project off the coast of Namibia. Second, a Canadian gold miner has entered the race for a phosphate project in the centre of Australia. The Sandpiper phosphate project, 12km southwest of Walvis Bay, Namibia, has had a contentious history. It was jointly owned by two Australian companies, UCL Resources (ASX:UCL) and Minemakers (MAK), the latter also owning the huge Wonarah phosphate deposit in Australia’s Northern Territory. There was a long drawn-out battle as…

The Pulse: Chinese clean out gold stocks; Uranium “never looked better”; Scandium scramble

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This sign went up outside the Caishikou Department Store in Beijing last week: “No gold bars are available. Customers who have paid can pick up their bars in one week”. That store is Beijing’s largest gold retailer, and last week it ran out of the yellow metal. So not everyone is dumping gold. In fact, investors in China stampeded last week when the price fell well beneath $1400/oz. According to China Daily, one buyer emerging from the store said “I couldn’t wait to buy gold. Many of my colleagues and friends…

The Pulse: China’s changing graphite scene; Blame Washington and Tokyo for the gold plunge

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Further evidence is emerging that China is, indeed, moving to force graphite flake producing companies into larger, more consolidated entities. The first report of such a move was indicated here on ProEdgeWire two days ago but now there’s a report out that one of the key entities in this push is South Graphite Co in Hunan province, which company has already been absorbing some smaller players. The plan is to have the national consolidation completed within five years - although this has to be qualified by the fact that a similar…

The Pulse: Niobium opportunity missed; Gold tumbles in Asia but some still fighting its corner

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Fancy sitting on a critical metals deposit and letting the commodity boom pass you by. Well, that seems to be the story with a niobium deposit in Tanzania, and one that has been known about since the 1950s. The saga emerged in a stock exchange announcement from Australian junior explorer Cradle Resources (ASX:CXX) that it had bought a 50% interest in the Panda Hill project, with an option to go to 100%. This is what Cradle reported: “The project has been locked up by a single private owner for over seven…

The Pulse: Why gold is not failing; Nod for Tanzania RE project; Egypt worries

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How do you reconcile Japan’s move to effectively, over a short period of time, inject the yen equivalent of $75 billion a month into the financial system with a prediction that gold will collapse to $1375/oz, or even lower, by the end of 2013? The short answer is: you cannot. Over just one year, the Bank of Japan's plan together with the Federal Reserve’s monthly $85 billion will mean that the global system will receive a sugar hit of close to $2 trillion. In just 12 months! Look, I’ve been following…

The Pulse: China’s potash moves; Gold in a rut; New storage batteries

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It was only a matter of time until China took steps to control at least some of its own potash supplies, so dependent is it on the world’s big suppliers. Thus we see a report in The Wall Street Journal that Yanzhou Coal Mining Co is considering listing on the Toronto exchange its Canadian potash properties. The company concedes it needs to raise capital as it is also planning further investment in its Australian coal mines. The Shandong-based company in 2011 bought 19 potash mineral exploration permits in Saskatchewan for $260…

The Pulse: Metals critical for Defence; Eritrea potash figures; Bank backs gold; Watch African uranium

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In total, defence needs 71 strategic materials. That’s a great deal of dependency. What have been described as “important defence uses” for strategic metals include missiles and space vehicles (aluminium, chromium metal, columbium, molybdenum, zirconium); detection and navigation equipment (cobalt, silver, tungsten); ammunition (antimony, bismuth). The list goes on. We reported earlier on the latest biannual Strategic and Critical Materials 2013 Report on Stockpile Requirements out of the Strategic Materials Advisory Council in terms of the needs for rare earths stockpiling. But there are plenty of critical metals, as well, on…

The Pulse: Silver is shining; Israel’s potash fears; Tungsten is tight

Pulse-Robin-Bromby
A further sign that Chinese keep buying silver. The South China Morning Post reports that China Silver Group is planning to expand ingot capacity by 60 per cent, from 250 tonnes a year to 400 tonnes. The newspaper quotes the company’s chief financial officer saying: "Silver is a special kind of commodity. There will be customers buying it as long as you can produce it." The refiner plans to continue to increase its production capacity — to 550 tonnes in 2014, then to 650 tonnes in 2015. As I have written…

The Pulse: The race for scandium; Focus on emerging graphite province; Peru silver and gold

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Sumitomo is hardly going to shake up the scandium market - at least in the short term and considering that there is some question whether the word “market” can be applied to this rare earth element anyway. As reported on ProEdgeMedia, Sumitomo Metal Mining Company is to build a trial plant to recover scandium at its Coral Bay Nickel operation on Palawan Island in the Philippines. Small quantities of the element are found in the sulphide containing the main output, nickel and cobalt. However, this trial plant to going to produce…

The post-Chavez Venezuela era begins: the regional, oil and mining implications

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Hugo Chavez has died. The charismatic Venezuelan president, who first came to power in 1999, has succumbed to cancer. Both his fans and detractors will agree that he was a larger than life figure, who led his country through sheer charisma and he will leave a large power void in Venezuela and Latin America as a whole. Indeed, Venezuela will no longer be the same and many Latin American countries will now have to confront a new reality, such was Chavez’s influence for better or worse. Nicolas Maduro will take over…

The Pulse: Gold buyers getting cold feet; Zirconium rethink at Alkane; Spanish potash

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Here’s the question that some nervous gold bugs might be asking: is the yellow one facing its last hurrah? This is the very question posed by analyst Anne-Laure Tremblay at BNP Paribas in the London commodities office of the French bank. In her latest gold report, Tremblay said the metal’s performance has been lacklustre. (As this was written - as afternoon trading kicked off Tuesday in Asia - gold still had a pulse, up a little to around $1,579/oz.) But BNP has lowered its forecasts - they see it averaging $1,670/oz…
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Gold Price Falls as Fed Comments Lift Dollar

May 17, 2013 -- (Source: CNBC) -- Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing lifted the dollar. Dollar strength stunted a brief rally in gold prices late on Thursday after a batch of soft U.S. data, putting the metal on…

Midland Acquires Strategic Gold Property Along the Cadillac Break

May 17, 2013 (Source: Marketwire) -- Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to announce the acquisition of 100% interest in a gold property comprising twenty-nine (29) claims in two blocks located along and proximal to the prolific Cadillac Break. This new strategic acquisition, totalling more than 1,200 hectares, is located less than 5 kilometres northwest of the town of Malartic,…

Darwin announces appointment of new director

May 15, 2013 (Source: CNW) -- Darwin Resources Corp ("Darwin" or "The Company") (TSXV:DAR) (OTCPK:DARWF)  (Frankfurt: DWU).  Dr. Graham Carman, President & CEO, is pleased to announce that Ms. Yanina Barila has been appointed as a director of the Company effective immediately, subject to TSX Venture Exchange approval. Ms. Barila is an investment analyst with The Sentient Group, the Company's largest shareholder.  Before joining Sentient in…

Colossus Minerals Provides Development Update

May 15, 2013 -- TORONTO, ONTARIO (Source: Marketwire) -- Colossus Minerals Inc. (the "Company" or "Colossus") (TSX:CSI)(OTCQX:COLUF) is pleased to provide a development update for its 75% owned Serra Pelada gold-platinum-palladium Mine. The Serra Pelada Mine is a joint venture between Colossus and Cooperativa de Mineração dos Garimpeiros de Serra Pelada ("COOMIGASP") located in the State of Pará, Brazil. HIGHLIGHTS The…

Tinka Closes Private Placement Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES. May 15, 2013 - (Source: Tinka Resources Limited) - Tinka Resources Limited (the "Company"), (TSXV: TK) (Frankfurt: TLD) (OTCPK: TKRFF), announces the closing of a private placement financing (the "Financing") announced by…

IMX Commences Regional Exploration Work at Nachingwea

May 14, 2013 -- PERTH, AUSTRALIA (Source: Marketwire) -- IMX Resources Limited (TSX:IXR)(TSX:IXR.WT)(ASX:IXR) ('IMX' or the 'Company') is pleased to announce that a regional exploration program at its Nachingwea property has commenced. In addition to its flagship Ntaka Hill Nickel Sulphide Project, IMX holds approximately 6,320 km2 of surrounding tenements in the highly prospective Nachingwea district. The 2013 regional exploration program is…

Tara Minerals Corp.: Picacho Gold and Silver Property

May 14, 2013 -- Henderson, Nevada (Source: Marketwired) -- Tara Minerals Corp. (OTCQB: TARM) (BERLIN: 6T3) reports that Yamana Mexico Holdings B.V., a subsidiary of Yamana Gold Inc., has exercised its option to not complete the acquisition of American Copper Mining S.A. de C.V., the holder of the Picacho group of concessions, from its subsidiary, Adit Resources Corp. Yamana is…

“Company Insight – MD on Momentum With Developing Projects”

May 13th, 2013 (Source: Alkane Resources Ltd.) “Company Insight – MD on Momentum With Developing Projects”  Highlights of Interview: • Very strong economics for Dubbo Zirconia Project – NPV of $1,235 million. • Project moving ahead with no reason why it won’t be developed; financing by mid 2014. • Explains why the DZP is a strategic & alternate source of zirconium…

Berkwood Receives Results from Channel Sampling and Engages Consultant Geologist

May 13, 2013 (Source: Marketwire) --  Berkwood Resources Ltd. (the “Company” or “Berkwood”) is pleased to announce that it has received channel sample assay results from its rock sampling program on the Peter Lake Copper Property located near Ste-Anne du Lac, Quebec. Berkwood has also retained the services of ABGéoconseil Inc. to lead the fieldwork programs this summer at the Peter Lake and…

Midland Commences Ground Geophysical Surveys on Laflamme Along a New Gold Trend Recognized Over More Than 20 Kilometres

May 9, 2013 (Source: Marketwire) --- Midland Exploration Inc. ("Midland") (TSX VENTURE:MD) is pleased to report that ground-based geophysical ("IP") surveying has resumed on the Laflamme property, along a new gold trend recognized over a distance of more than 20 kilometres. This trend was identified by Midland in recent drill holes designed to establish the continuity of its 2011 gold discovery, and along the strike…

Gold futures settle at highest in nearly a month

May 9, 2013 (Source: Marketwatch) -- Gold futures climbed Wednesday, recouping the prior day’s loss and then some to finish at their highest level in nearly a month, with the metal finding support from weakness in the U.S. dollar and strong demand in Asia. Gold for June delivery (US:GCM3) climbed $24.90, or 1.7%, to settle at $1,473.70 on the Comex division of…

Toronto stock market advances more than 100 points on commodity prices

May 8, 2013 (Source: CTV) -- The Toronto stock market had its highest close in nearly a month Wednesday boosted by commodity prices reaching levels not seen since early April. The S&P/TSX composite index moved up 120.94 points to 12,585.05 following strong trade data from China suggesting it is recovering from an unexpected slowing in the first quarter. The gain…

Gold futures settle at highest in nearly a month

May 8, 2013 (Source: Marketwatch) -- Gold futures climbed Wednesday, recouping the prior day’s loss and then some to finish at their highest level in nearly a month, with the metal finding support from weakness in the U.S. dollar and strong demand in Asia. Gold for June delivery GCM3 +1.50% climbed $24.90, or 1.7%, to settle at $1,473.70 on the…

Gold Settles 1.3% Lower

May 7, 2013 (Source: WSJ) -- Gold futures ended lower as some investors were drawn away from the market by a new record in equities and a stronger dollar. The most actively traded contract, for June delivery, fell $19.20, or 1.3%, to settle at $1,448.80 a troy ounce on the Comex division of the New York Mercantile Exchange. Gold prices…
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