Eldorado Gold Corp. said on Sunday agreed to smaller rival European Goldfields Ltd to acquire for approximately C $ 2.5 billion (U.S. $ 2.4 billion), in a move aimed at expanding its asset base in Greece and Turkey. The deal strengthens Eldorado’s project pipeline and will be a low-cost gold miner with a significant financial liquidity and the need to handle many development projects. Read more
The Gold Report: You wrote last summer that “the global macroeconomic picture does not look right,” citing high unemployment in the U.S. and Europe likely would be higher driven by higher taxes and less government spending in the face of major sovereign debt problems. Sounds a bit like Groundhog Day. You could say the same today. How do you feel about the global economy now? Read more
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Orofino Gold Corp. (Pink Sheets: ORFG.PK) went where other mining companies have already gone, Colombia, Colombia and maybe just the new California. Mining is being promoted by the Colombian government since the mining has the potential to be a lot of people. Government efforts to expand mining in Colombia were needed to encourage private investment. The government policy of developing infrastructure (roads, electricity, and communications), providing technical assistance, and encouraging healthy krediet and legal policies to problemen met grond subtitles to minimize. Read more
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COMO, Western Australia – Medusa Mining Limited (TSX: MLL) (ASX: MML) (AIM: MML) – Please find attached an updated investor presentation by the company during the upcoming Australian ASX Small Mid Cap Conference presentation in Singapore later this month. Below are competent persons “Consent relating to the reserve funds and information in it appears. Read more
It was something of a roller-coaster ride for Peter Hawley, CEO of Canadian listed Scorpio Mining. Scorpion owns and operates the mine Nuestra Sonora near the town of Casale in Sinaloa, Mexico. When we last wrote about the company back in the spring of 2008, prices of metals it was about to produce robust were: silver was $ 19.60 per ounce, zinc U.S. $ 1.22 book, lead U.S. $ 1.50 per pound copper and U.S. $ 3.77 per pound. Read more
Tags: <copper mine, prices of metal, scorpio mining, silver mine, stone and metal>, Scorpio Mining Nevada, Fotos Mining Scorpion, Scorpio Gold Mine In United Kingdom, Scorpio Gold Mines Australia, Scorpio Mining Price Target, Scorpion Mining, Scorpio Mining Sonora, Scorpio Mining Potential, Scorpio Mining Has Great Potential, China To Purchase Mid Tier Mine 2012
Oil gains in New York compared to the expectations of stocks will increase as U.S. demand, the end of the summer period after the demand.
An Energy Department report today will show U.S. crude oil supplies climbed 1 million barrels last week, according to the median of 15 responses in a Bloomberg News survey. Gasoline demand slipped to its lowest level in six months last week, according to MasterCard Inc. ‘s Spending Pulse report yesterday. (more…)
Crude oil, gasoline and heating oil tumbled in New York after the International Energy Agency said its members would release crude from the strategic reserves. Ethanol also decreased. The agency announced the release of 2 million barrels a day for 30 days starting next week to help a Libyan disruption of supply. Half the amount will come from the U.S. Strategic Petroleum Reserve, according to the IEA and the U.S. Energy Department.
Crude Oil
Crude oil for August delivery fell $ 4.39, or 4.6 percent, to $ 91.02 a barrel on the New York Mercantile Exchange, under the 2010 years the closing price of $ 91.38. Futures have risen 19 percent in the past year. It was the lowest settlement price for the front-month contract in four months. (more…)
U.S. stocks rose, extending gains for the third consecutive monthly benchmark indices such as oil retreated and billionaire investor Warren Buffett said he is looking for acquisitions.
Berkshire Hathaway Inc. ‘s Class B shares rose 1.6 percent after Buffett’s company said profit rose 43 percent to the highest since 2007. 3M Co. advanced 1.5 percent after Barron’s said the maker of Post-It Notes, a “blizzard” of new products in advance. Amazon.com Inc fell 1.9 percent after UBS AG cut its recommendation for the biggest online retailer.
The S & P 500 rose 0.4 percent to 1324.74 at 9:33 in New York. The benchmark gauge has gained 2.6 percent this month until February 1925. The Dow Jones Industrial Average rallied 47.68 points, or 0.4 percent, to 12,178.13 today. Oil for April delivery slipped to $ 97.58, still near a two-year high. (more…)
