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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Standard Gold Mining Corp. is a publicly traded Nevada company whose common shares are traded on the OTC Bulletin Board. Their operating subsidiary, Gold Standard of Wyoming, owns 100 percent of the equity in RossZoloto, which operates a producing gold mine in the Russian Far East near the Sino-Russian border. Standard Gold Mining’s mission is to plus one million ounce precious metals producer.
The Company intends to implement the strategy to keep precious metals from the skills and labor of the Russian mining sector, with the aid of Western technology, finance and corporate governance to produce. Standard Gold Mining Corp. has offices in Los Angeles, California, and Blagoveshensk, Russia. Read more
Rio Tinto Group, the world’s third largest mining company, has a 3.1 billion U.S. dollars to expand its Australian iron ore operations, two days after the demolition of a joint venture with BHP Billiton Ltd. to combine their ore mines.
The iron ore will increase capacity in Western Australia Pilbara region to increase to 283 million tons in 2013, the London-based company said today in a statement. Melbourne-based BHP, which also expand output, reported today a 6 percent gain in the first quarter iron ore production.
The two companies, the second-and third-largest iron ore exporters, are pressing ahead with separate plans to boost production after being forced to leave the company due to opposition from regulators in Asia and Europe. They are looking for the demand of the steel mills in China, where the use of the alloy is predicted by the Rio to double in 2020 compared to 2008 levels to meet. Read more
Potash Corp. of Saskatchewan Inc. was contacted by China’s Sinochem Group and Brazil’s Vale SA as the company tries to fend off a hostile takeover from BHP Billiton Ltd., said a person with knowledge of the matter.
Sinochem Vale and made the first investigations Potash Corp s Board of Directors late last week about the possibility of holding talks, said the person, who declined to be identified because the information is not public. Others have the governance of the world’s largest fertilizer producer contact, talk and can not materialize, the person said.
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USCorp USCS (USCS .04, +0.01, +23.33%) today announced the following information for shareholders and interested members of the public: Last January, USCorp into discussions with a European entity, and some progress was made regarding a private placement of our common Class B shares in Europe. USCorp was unable to provide any information publicly or privately Fri regarding this transaction due to the persistent nature of the discussions. Read more
A Broad in commodities sell-off sent investors scurrying for options market in defensive positions in exchange traded funds die Crude Oil and silver track. Months of Commodities rally in the net a retreat Thursday as the U.S. dollar and the Euro rally faltered after the European Central bankers had an interest rate-increase is not immediate. The strengthening dollar and sliding oil prices acted as a signal to metals such as silver, to die Down is 25% over the last Four Days Leave. (more…)
Brazilian mining company Vale iron ore prices will increase about 35 percent to as much as $ 145 per ton in July as part of a switch to quarterly pricing, a Brazilian newspaper on Sunday, Markets widely iron expect miners to raise prices to make them into line with the spot ore prices following a shift from a decades-old benchmark system, although analysts were not sure exactly how the new pricing mechanism works . (more…)
Crude oil fell, capping the first weekly decline in one month, after the strongest earthquake on record in Japan closed refineries and dissidents in Saudi Arabia can not stage protests planned.
The 8.9-magnitude temblor off a 7-meter (23 feet) tsunami that hundreds of people slain in Japan, the world’s third largest oil consuming nation. Saudi Arabian police and anti-riot vehicles patrolling central Riyadh today, preventing a “Day of Rage” called by activists. (more…)
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