The Fraser Institute, an independent research and educational organisation based in Canada, has recently released its 2008/2009 Annual Survey of Mining Companies. The survey assesses how mineral endowments and public policy factors such as taxation and regulation affect exploration investment. The survey represents the opinions of mining executives and exploration managers worldwide covering 71 jurisdictions on all continents except Antarctica.
The Top 10 jurisdictions are:-
- Quebec
- Wyoming
- Nevada
- Alberta
- Newfoundland & Labrador
- New Brunswick
- Manitoba
- Chile
- Saskatchewan
- Ontario
To download a copy of this year's survey, please go to:
http://www.fraserinstitute.org/researchandpublications/publications/6534.aspx
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The London Metal Exchange (LME) announced that the cobalt and molybdenum oxide futures contracts start dates which are scheduled for later in the year may slip as a new upgraded clearing process needs to firstly be introduced. It is now anticipated that launch will occur end 2009, start 2010.
Cobalt contract specifications:
· Lot size:- 1 tonne, 250Kg drums
· Quality:- >99.3% purity
· Delivery: Cathodes, ingots, briquettes
· Delivery Points: Baltimore, Rotterdam and Singapore
Molybdenum contract specifications:
· Lot Size:- 1 tonne of roasted molybdenum concentrates with a weight of
570kg - 630kg of molybdenum contained
· Quality:- 60% of molybdenum content
· Impurities:- Copper <0.50%, Sulphur <0.10%, Carbon 0.10%, Phosphorous <0.05%,
Lead <0.05%
· Delivery Points: Baltimore, Rotterdam and Singapore
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