Anchor Resources has been fined for unsatisfactory rehabilitation of its antimony exploration drill sites.The Department of Trade and Investment Resources and Energy has notified the miner that "some aspects the rehabilitation of drill sites used by the company in its 2009 and 2010 drilling programs had not been satisfactorily carried out".The drilling was carried out at its Bielsdown antimony project, just north of Dorrigo, in New South Wales.The miner was served a penalty infringement notice and fined $2500.

As more and more antimony ingot market participants left for Chinese Spring Festival holiday, antimony ingot market is becoming quiet and quiet; offers are rare and high, and buyers show no interests in purchasing. Market insiders said that more antimony trioxide exporters stopped offering in the past days; for one side, as the Chinese Spring Festival holiday is approaching, for the other side, part of exporters expect the antimony trioxide price to go up after the 7-day long Spring Festival holiday as it happened in the past years.

United States Antimony Corp. today announced it has executed definitive agreements with institutional and accredited investors for gross proceeds of $2,205,000 in connection with the Company¡¯s private placement of common stock and warrants. The transaction involves the sale of 1,102,500 newly-issued shares of the Company¡¯s common stock at the price of $2.00 per share and warrants to purchase an additional 1,102,500 shares of the Company¡¯s common stock at $2.50 per share.

More producers of antimony ingot stopped production as the Chinese Spring Festival holiday is coming and the buying activity in antimony ingot spot market is still inactive. A Hunan-based antimony ingot producer with an output of about 300tpm said that he stopped production late last week and will come to the market after the Spring Festival.As Chinese Spring Festival holiday is coming late this week, some market insiders had left the market and part of them will leave for the holiday gradually this week.

Antimony ingot export market saw few deals in the past weeks as the demand from overseas market was weak during the Christmas holiday about two weeks around the Christmas Day and there were few inquiries in international market as most customers just come back from Christmas or New Year holiday. Most suppliers of antimony ingot got losses in 2011 owing to the price decrease. As the Chinese Spring Festival holiday is approaching, some suppliers refuse to undersell antimony ingot now.

Domestic antimony trioxide market was inactive before the New Year holiday, and expect the market cannot turn well before the Spring Festival holiday. Antimony trioxide export market is quiet with part of exporters ceasing offering, and some exporters quote USD10,650-10,850t FOB China for antimony trioxide 99.5%min currently, lower than that before the New Year holiday. A Guangdong-based exporter said that he did not conclude any deals in the past two week.