"The history of Eureka lies in its future." - Lambert Molinelli, 1878


The author/editor of the Eureka Miner owns common shares of local mining stocks, General Moly (GMO) and Newmont Mining (NEM); together with benchmark miner Freeport-McMoRan (FCX). Please do your own research, markets can turn on you faster than a feral cat.

Saturday, April 19, 2014

BREAKING NEWS: The Liu Han Trial - The Eureka Miner's Market Report

Morning miners!

There is breaking news in China on the Liu Han trial:

Xinhua Insight: China ends first trials of tycoon-led gang (China English News, 2014-04-19 21:28:36)

Alleged mafia leader denies all charges (Ecns.cn 2014-04-18 09:03Xinhua)

And from Australia a few days earlier...

Hanlong founder Liu Han denies murder of rivals in China (SCOTT MURDOCH, THE AUSTRALIAN APRIL 18, 2014 6:23PM)

A background column was posted in the Wall Street Journal April 14th by James Areddy:

Mining Tycoon's Trial Reverberates in Central China (By JAMES T. AREDDY, April 14, 2014 11:16 a.m. ET)

Several folks in Eureka including this report were interviewed by Mr. Areddy for his 2012 column about Mt. Hope and Liu Han, In Nevada, a Chinese King of the Hill.  Defendant Liu Han and his Hanlong Group had agreed to finance a large portion of the Mt. Hope Molybdenum Project.

The Hanlong financing fell through after Liu Han's arrest last year. The Eureka Miner carried several reports on this:

General Moly (GMO) Update, Liu Han Saga Continues; The Colonel's Gold Price for Next Week (March 29. 2013, Eureka Miner)

The General Moly (GMO) team has been diligently seeking alternate financing for Mt. Hope and plans to start a smaller scale copper/molybdenum project at their Liberty mining property near Tonopah:

Gold, Copper & Miners Hang Tough; General Moly's Liberty Play (April 11, 2014, Eureka Miner)

The best of luck to the General Moly team!

Given that the Easter holiday is upon us, it is with some irony that my 2013 report began:

Happy Easter Miners!

The Mt. Hope and Liu Han saga rolled into this week with more details emerging about Mr. Liu's errant brother, an alleged triple murder and politics of doing business with China's new leaders. This would be a terrific mystery thriller if Eureka County weren't one of the set props in the unfolding drama...

The drama continues one year later...



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