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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (35932)	3/15/2007 1:00:56 AM
From: heinz44	Respond to of 78405

thats like buying a 1 1/2 year call for 75c being 90c out of the money. Seems cheap to me

To: koan who wrote (35932)	3/15/2007 1:57:50 AM
From: Gib Bogle	Read Replies (1) \| Respond to of 78405

Actually, koan, my post was a joke ;-)

To: koan who wrote (35932)	3/15/2007 7:52:41 AM
From: whenitgoesup	Respond to of 78405

re RNG - NOUAKCHOTT, March 14 (Reuters) - Mauritania is bringing new gold and copper mines into production to diversify its mining sector, where a $850 million iron pellet project will start in a few years, the mines minister said. Mohamed Ould Ismael Ould Abeidna told Reuters increasing numbers of large and small foreign companies were exploring for metals and minerals across the largely desert nation on the western edge of the Sahara, whose mining sector has been dominated by iron ore. "Over the last 19 months, we have allocated 50 exploration permits, bringing the total issued so far to 115 for uranium, copper, gold, iron ore, precious stones, diamonds and other minerals," he said in an interview late on Tuesday. After 19 months of rule by a military junta that seized power in a 2005 coup, the technocrat administration to which Abeidna belongs will hand over to a new government after March 25, when a new civilian president will be elected in a second round election run-off. The minister said Mauritania's first gold mine, Tasiast, operated by Canadian miner Rio Narcea Gold Mines Ltd. , would start producing at the end of this month. "It will yield 8 tonnes of gold a year over 10 years," he said. A copper/gold mine at Guelb Moghrein run by another Canadian company, First Quantum Minerals Ltd. , came on line late last year and was expected to produce 36,000 tonnes of copper and two tonnes of gold a year over eight years, he added. Mauritania's iron ore industry, a mainstay of the economy almost since the former French colony became independent in 1960, was also planning a major development to start producing good quality direct reduction (DR) pellets to feed steel production in the Middle East and Europe. The joint-venture Guelb el Aouj pellet project, with an estimated capital cost of $850 million, brings together Mauritania's government-controlled iron ore producer SNIM, Australian company Sphere Investments, Saudi Basic Industries <2010.SE> (SABIC) and Industries Qatar . "We signed the partnership last week," Abeidna said. Production from the project, which will build a concentrator plant north of F'derik in Mauritania's northern Zouerate iron ore mining region, was expected to start in 2008 or 2009. To produce the pellets, the venture will mine at least three iron ore deposits held by SNIM at a rate of 7 million tonnes a year. "It's a value-added project. It will boost the economy, GDP, jobs," Abeidna said. The mining sector already accounts for 15 percent of national GDP. ((Editing by Alistair Thomson and Daniel Flynn; Reuters Messaging: alistair.thomson.reuters.com@reuters.net; dakar.newsroom@reuters.com +221 864 5076)) Keywords: MINERALS MAURITANIA/ By Pascal Fletcher stockhouse.com