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tristass - ArticlesChina Consolidating Position as World No.1 Gold ProducerChina's gold output is still rising, but probably at an insufficient rate to counter the falls in production elsewhere in the world. Gold's 2-year CycleA Mineweb reader has noticed a recent two-year cycle for gold price behaviour which, if it continues will likely give some guidance to price movements this year and next. Shortage of Lead Sees 40 Percent Metal Price Rise in China in Past MonthReduced supply, coupled with high winter demand, has seen lead prices rise by some 40 percent in China(cnmining) in the past month. Gold Will Win the Battle of the Safe HavensUltimately, as the realisation worldwide materialises that the U.S economy is hugely overstretched, gold will come to the fore as the true safe haven - but it may take some time to do so. Chile Codelco Profits to Fund $1 Bln CapitalizationChile's Codelco, the world's No. 1 copper producer, said on Tuesday its 2008 profits would fund a $1 billion capital injection included in a new $4 billion government anti-crisis stimulus plan. New Eyes and Ears for Inaccessible AreasAN INVESTIGATION tool that can access sealed or inaccessible areas through a 100mm borehole, which has successfully been trialled at the Newstan and Austar collieries and deployed to the Moranbah North mine, is now available for the coal industry. Cbh Says Its Offer Still the Best for PerilyaEVEN as Perilya’s future looks increasingly likely to be with China’s third-largest zinc producer, Zhongjin Lingnan, fellow zinc miner CBH Resources has again said its all-scrip takeover offer for Perilya is a better deal for the company and the Broken Hill region. Wa Resource Stocks Up in DecemberTHE onset of the global financial crisis brought a tumultuous few months for listed companies, but the Deloitte WA Index released today showed the market capitalisation of Western Australia’s listed companies stabilised during December, with resource stocks staging a small recovery. Alcoa to Slash More Than 15,000 JobsALUMINIUM producer Alcoa has announced it will reduce annual output by 18% and reduce its global workforce by 13% in order to reduce capital expenditure in 2009 by 50%. Gas Project Resurrected on New Citic DealCITIC Pacific says it has signed a new contract for the supply of gas to its Sino Iron magnetite project in the Pilbara from the Apache and Santos Reindeer gas field, even though development of the field was delayed late last year.
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