Tuesday, September 30, 2014

UK potash relook, precious metals meltdown, Newmont ships again, LME fees

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Wednesday 1 October 2014
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Analysts say this is "make or break" time for the company behind the massive mine, Sirius Minerals.

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Fresh selling sees gold price end September down 6% vs historical average gain of 3%, silver tanks 13%, platinum drops 9% and palladium collapses 15% over the course of the month.

Economics professor and newsletter writer Kal Kotecha says to obtain superior results, you cannot do what everyone else is doing.

Increasingly, economists are calling the tune to which businesses and consumers dance.

The proposed law, however, would allow fracking for testing and research purposes.

Another person in serious conditions.

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It would also create a a 15-kilometre long ''super pit'' from the union of Rio's Mount Thorley Warkworth and Glencore's Bulga open-pit mines.

30,000 tonnes of copper concentrate were sent out Monday.

Canada's reputation as climate bad-boy was invented in Manhattan in 2008.

This is the first fee hike since Hong Kong Exchanges & Clearing Ltd. acquired LME for $2.2 billion in 2012.

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Unsatisfied with the pace at which the federal government is acting to reduce greenhouse gas emissions, several U.S. states and a few Canadian provinces are forging ahead with their own initiatives.

September has been a poor month for precious metals. Gold is down 5.2%, despite it being gold's strongest month from a seasonal perspective.

Ousei

Russian gold producers may need to reduce their mining operations to prevent prices from falling further as the result of an increase in supply on the market.

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