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China refined copper imports surged to a record in December, narrowing the second annual decline, as consumers built inventories ahead of a seasonal increase in demand. Surging imports, coupled with a rebound in domestic production, have swelled inventories in Shanghai for a seventh week and widened the local cash discount. Three-month copper on the London
January 22nd, 2012EPC or Ethiopian Potash has currently obtained the assay results for the drill holes 1 and 3, which is situated in the Discovery zone of the Danakil potash project’s southwest corner in Ethiopia. EPC’s CEO and President, David Wahl, commented that the company is announcing the good assay results into the soft market in the
January 21st, 2012Entourage Metals is speed up the drilling program at its Black Raven gold project, which is situated in the Hemlo Greenstone Belt in North Ontario. An aggressive drilling has been planned to follow-up the company’s new gold discoveries. Entourage has encountered high-grade gold mineralization at the property’s Super G prospect, including 44.4 g/t gold over
January 21st, 2012Lonmin Plc will buy 13.2 million units of Wallbridge for $2.5 million. Each unit of the Canadian company will cost Lonmin CAD $0.19 and comprise of one common share of Wallbridge and a half common share purchase warrant. Wallbridge Mining Company Limited has signed an agreement with Lonmin Plc about that. Wallbridge Mining said that
January 21st, 2012Gold and Silver in 2012 have incurred technical damage and it would be excessive to expect more than a gradual recovery. Gold recovered its losses steadily but it would be nine months until the market began an impulsive advance that resulted in new highs. Silver rallied back to its highs but in total it was
January 19th, 2012