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Calgary trio draws $54-million fine for fraud - 1 views

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    "All of the respondents were involved in perpetrating a systemic massive fraud on Alberta and other investors, involving a complicated web of domestic and offshore corporate and other entities, bank accounts and offerings," the commission said Friday. "Investment fraud is reprehensible and completely unacceptable capital-market misconduct; instances of fraud in the capital market severely threaten the public's confidence and sense of fairness in the whole of our capital market." The case centres around a now-defunct company called Arbour Energy, which the ASC says illegally raised $45.5 million from investors. Arbour was led by Dennis Morice, who, according to the ASC decision, considered himself a "bit player" and "cog" in a scheme led by Milowe Brost and Gary Sorenson - two men charged in a separate high-profile alleged Ponzi scheme in 2009. Morice faces the smallest penalty of the three men - a $150,000 fine, an order to pay $50,000 to cover the cost of the investigation and hearing and a variety of bans. Arbour itself faces no financial penalties, but it's been barred from trading in and purchasing securities, among other things. In its decision, the ASC said Brost's misconduct was "the most egregious" of the three men. Brost led the Institute For Financial Learning, which he claimed was an "information club" but the ASC contends was really used to sell investors stock in Arbour and other entities connected to Brost. Brost has been fined $3 million and ordered to pay $85,000 in costs, the second-highest fine against an individual in ASC history. IFFL must pay back $10 million of the funds it gained from the fraud and pay $85,000 in costs. "We conclude Brost has not recognized the seriousness of his misconduct and the devastating consequences that he caused to Alberta and other investors. These circumstances heighten the need for severe sanction," the ASC panel said in its decision. Sorenson led a private Alberta junior mining company called Merendon, whi
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Black Hawk Mining Articles | Preservation and promotion of mining ghost towns. - 0 views

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    Black Hawk Mines Bulletin is all for the preservation and promotion of mining ghost towns that are widely being neglected across the world. We support historical sites and promote the rebirth of current mining ghost towns that still have a lot of potential in generating income and historical value. This blog regularly publishes news and details regarding mining-sites-turned-ghost-towns to educate people interested in history and to gather support for our cause from different parts of the world. Our group is presently working alongside other associations to keep ghost towns, like the BlackHawk, Colorado, in the map; perhaps, even to try and make them a tourist spot. B2B Inndex, Find the best websites at UK web directory www.find-uk.com or submit your site or article.
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black hawk forum scam watch | Tumblr | Zimbio - 0 views

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    BLACK HAWK MINES: BLACK HAWK MINES PRESERVATION AND PROMOTION OF MINING Blackhawk Mines Corp. to Commence Initial Work Program on Big Bear Mining Claims in San Bernardino : Blackhawk Mines Corp. to Commence Initial Work Program on Big Bear Mining Claims in San Bernardino OCALA, FLORIDA - JULY 21, 2011 (IMMEDIATE RELEASE) - Blackhawk Mines Corp., B06.F, WKN Number - A1H52M, ISIN Number - CA08265A1003, website - www.bentleyfairview.com is pleased to announce that the Big Bear Mining Claims initial work program will commence within the next three weeks. Black Hawk Mines Bulletin | Preservation and promotion of mining ghost towns. : Black Hawk Mines Bulletin | Preservation and promotion of mining ghost towns. Two of the biggest mining firms in the world, Rio Tinto PLC and BHP Billiton Ltd are teaming up to invest over USD 4 billion to boost their copper output, according to their announcement on Tuesday. Rio and BHP have staked their investment on a high copper demand worldwide as they approve plans Black Hawk Mining Articles | Preservation and promotion of mining ghost towns. : Black Hawk Mining Articles | Preservation and promotion of mining ghost towns. BLACK HAWK MINES: SMALL TOWN SUFFERS FROM GOLD HEIST Posted on May 2, 2012 by blackhawkmines 2 Votes Decades ago, huge quantities of gold was being pulled from this town, making it one of the richest place in California. DSCR reacts to international conspiracy - NBC12.com-Richmond, VA News, Weather, Traffic & Sports : DSCR reacts to international conspiracy - NBC12.com-Richmond, VA News, Weather, Traffic & Sports CHESTERFIELD, VA (WWBT) - For the first time, the Commander at the Defense Supply Center of Richmond (DSCR) is speaking out about an international conspiracy that sent a serial fraudster to prison for life. Those involved say the scam could have put our troops in harms way had it not been caught blackhawk mines corp: About Gold : blackhawk mines corp : About Gold Gold is a dense, soft , shiny me
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LIVEJOURNAL - Black Hawk Mines Bulletin - 0 views

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    http://fftimes.com/node/253212 By Heather Latter, Staff writer FORT FRANCES-After the success of last year's "Mining Matters" workshop here, Rainy River Resources once again is sponsoring the free seminar next month for youths and adults interested in learning more about geology."It's a really important initiative," said Kyle Stanfield, the company's vice-president of environment and sustainability, noting plans for developing a gold mine in Blackhawk, north of Barwick, are moving "full-steam ahead."
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Black Hawk Mines Bulletin Group - 0 views

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    http://www.washingtonpost.com/world/asia_pacific/afghan-official-roadside-bomb-kills-3-afghan-soldiers-in-northern-afghanistan/2012/08/16/cb0464bc-e78a-11e1-9739-eef99c5fb285_story.html NATO forces said they could not confirm what... more A recent survey conducted in Australia shows that although their mining sector is enjoying a boom, services sector is in an opposite condition. Most of the contraction was caused by a decline in new orders among the various players in the services...
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Black Hawk Mining Articles | News & Promotions - 0 views

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    A recent survey conducted in Australia shows that although their mining sector is enjoying a boom, services sector is in an opposite condition. Most of the contraction was caused by a decline in new orders among the various players in the services sector while sales and prices also fell.
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    A recent survey conducted in Australia shows that although their mining sector is enjoying a boom, services sector is in an opposite condition. Most of the contraction was caused by a decline in new orders among the various players in the services sector while sales and prices also fell.
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Black Hawk Mining Articles | Privacy Policy - 0 views

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    This Privacy Policy is applicable to Black Hawk Mines Bulletin. It explains how Black Hawk Mines Bulletin collect information from users of this Blog and how we use such information. Your use of the Blog constitutes your acceptance of this Privacy Policy.
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Black Hawk Mining Articles | Silver, Copper Mining could Save Haiti - 0 views

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    Haiti's copper and silver reserves in its hills are now up for an extensive exploitation by a Canadian corporation that has reportedly damaged the neighboring Dominican Republic. Once this mining plan is authorized while Haiti is under foreign occupation, it could practically leave the country without its ecological, cultural and mineral wealth.
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Black Hawk Mining Articles | Black Hawk Mining Bulletin Articles: Aus Mining Continues ... - 0 views

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    A recent survey conducted in Australia shows that although their mining sector is enjoying a boom, services sector is in an opposite condition. Most of the contraction was caused by a decline in new orders among the various players in the services sector while sales and prices also fell.
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Black Hawk Mining Articles | Black Hawk Mining Bulletin Articles: Small town suffers fr... - 0 views

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    Decades ago, huge quantities of gold was being pulled from this town, making it one of the richest place in California. But earlier this month, a different incident of obtaining gold nuggets earned the ire of locals. Two men wearing suspicious clothing and carrying a crowbar apparently went in the Siskiyou Count courthouse through the men's restroom window.
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Black Hawk Mining Articles | Republican House Psses new Mining Bill - 0 views

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    Republicans in the House of Representative have passed a bill that basically exempts silver, uranium, copper and gold mining on federal land from formal environmental assessment, consequently making it more difficult for environmental organizations to oppose new mining operations. The HR 4402 bill passed the House by a 256-160 margin and was sponsored by Rep.
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CFMEU Report Says Most Australians have not benefited from the Mining Boom - 1 views

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    According to a news report Australians are not seeing enough economic benefits from the country's once-in-a-century mining boom. while mining company profits have surged over the past 20 years the share of industry income paid in wages has dropped according to the study commissioned by the Construction, Forestry, Mining and Energy Union. In addition, it says record mining industry profits have outstripped growth in taxes and royalties. http://promotion.blackhawk-mining.com/2013/12/06/cfmeu-report-says-most-australians-have-not-benefited-from-the-mining-boom/
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Cause of Gas Leak That Killed 2 Colorado Miners Is Sought - 1 views

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    There were other concerns, she said. On four occasions this year, complaints about hazards were lodged, according to federal records. Those complaints resulted in a single citation. But Ms. Smith said the fact that miners had repeatedly raised concerns was unusual, especially at a relatively new operation. Gas leaks are not rare in underground mining; however they do not usually cause as mugh deaths as blasts or cave-ins. Bruce Dial, a former federal mine inspector, said it was possible that the minors had encountered carbon monoxide that had lingered for years from previous mining operations. Another possibility, Mr. Dial said, was that carbon monoxide released by the mine's own operations may have built up. http://blackhawk-mining.com/2013/11/26/cause-of-gas-leak-that-killed-2-colorado-miners-is-sought/
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Black Hawk Mines Bulletin| Guy Scott Tells Mining and Energy Conference: We Are an Inte... - 2 views

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    The introduction of Statutory Instrument No.32 is not meant to "kill" the mining sector or is it a form of exchange controls but is aimed at ensuring that the proceeds from the mineral resources benefits the Zambian people said VICE President Guy Scott.
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    Government would continue to create an enabling environment for investors in the mining and energy industries saying the sectors were key in national economic development, Dr Scott said. He further said that investors should also ensure they ploughed back to the communities they operated in through job creation and other corporate social responsibility activities. "Government was not elected by the people of Zambia to extract 750,000 tonnes of copper a year but to see to it that the minerals are beneficial to the people of Zambia. If it was important, we would not allow for the extraction of minerals but we allowed it because the minerals are supposed to provide jobs, taxation and other multiplier benefits," Dr Scott said. He said the mining industry should support local industries by buying locally produced equipment unlike the current trend where all equipment's was imported. "We want locally value-added content in the inputs used by the mines. We want local industries to process steel boards and other equipment used by the mines, that way more jobs will be generated from the mining industries. "It does not make sense again for local enterprises to import equipment and supply it to the mines but it is better to have foreign firms that are established in the country and are engaging local people to produce the equipment," he said. The conferences which was held two days aimed at creating a platform for stakeholders in the energy and mining sectors to engage on issues that would enhance the mining and energy sectors. Over 300 delegates and mining giants including Mopani copper mines Rio Tinto, First Quantum Minerals, among others was attracted by the conference organized by AME Trade in partnership with Association of Zambian Mineral Exploration Companies. The mine would continue to invest in Zambia, with the mining firm investing over US$2billion to date, Mopani Copper mines chief executive officer Danny Callow said. "Mopani will remain a com
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Investment Banks Moving To Neutral on Mining Stocks - 3 views

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    Investment Banks Moving To Neutral on Mining Stocks At least for a few investment banks like JP Morgan Cazenove and Citigroup, the negative tides for mining stocks appear to shifting towards the positive as they have changed their views from bearish to neutral. JP Morgan Cazenove is still taking a guarded position towards mining stocks but sees companies within the industry aggressively cutting costs which is one of the reasons why mining stocks rise. Citi analysts stay negative in their short-term outlook of the sector except furthermore observe some positivity in mining stocks in six months. "We believe that the large miners, such as Rio Tinto and BHP Billiton, are now reaching yield support as they are trading on higher yields than the market," Citi said. Eric Lemieux, mining analyst with Laurentian Bank Securities in Montreal, remains bullish on mining stocks, saying that the commodities super cycle has not ended and despite slowdowns in the economy, there is still strong metals consumption. The hit that commodity prices and miners have taken in 2013 may not necessarily be a bad thing, he said. "With this downturn, in the scope of things, I think it's positive for the industry because we did have a period of micro inflation where costs had gone up tremendously in terms of labor and engineering firms; it just overheated," Lemieux said. "This retreat and decline in commodity prices, although it hurts, there's some positives here in terms of cost settling down." JP Morgan mentioned a bottoming out in Chinese commodity import volumes and Chinese commodity inventories coming off recent highs as a possible catalyst for stronger metals demand. While it boils down to consumption and a need for commodities for Lemieux. "If you look at what's going on in Asia, even though there's been a slowdown in China, they're still consuming, they still have to modernize," Lemieux said. "I have a sense that things will eventually bounce back up. "I thin
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    At least for a few investment banks like JP Morgan Cazenove and Citigroup, the negative tides for mining stocks appear to shifting towards the positive as they have changed their views from bearish to neutral. JP Morgan Cazenove is still taking a guarded position towards mining stocks but sees companies within the industry aggressively cutting costs which is one of the reasons why mining stocks rise. Citi analysts stay negative in their short-term outlook of the sector except furthermore observe some positivity in mining stocks in six months. "We believe that the large miners, such as Rio Tinto and BHP Billiton, are now reaching yield support as they are trading on higher yields than the market," Citi said. Eric Lemieux, mining analyst with Laurentian Bank Securities in Montreal, remains bullish on mining stocks, saying that the commodities super cycle has not ended and despite slowdowns in the economy, there is still strong metals consumption. The hit that commodity prices and miners have taken in 2013 may not necessarily be a bad thing, he said. "With this downturn, in the scope of things, I think it's positive for the industry because we did have a period of micro inflation where costs had gone up tremendously in terms of labor and engineering firms; it just overheated," Lemieux said. "This retreat and decline in commodity prices, although it hurts, there's some positives here in terms of cost settling down." JP Morgan mentioned a bottoming out in Chinese commodity import volumes and Chinese commodity inventories coming off recent highs as a possible catalyst for stronger metals demand. While it boils down to consumption and a need for commodities for Lemieux. "If you look at what's going on in Asia, even though there's been a slowdown in China, they're still consuming, they still have to modernize," Lemieux said. "I have a sense that things will eventually bounce back up. "I think the end game is that commodities have some way to
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    "If you look at what's going on in Asia, even though there's been a slowdown in China, they're still consuming, they still have to modernize," Lemieux said. "I have a sense that things will eventually bounce back up. "I think the end game is that commodities have some way to go and I wouldn't be neutral," he added. RELATED LINK: http://blackhawkmines2.livejournal.com/ http://blackhawkminesbulletin.blogspot.co.uk/
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Black Hawk Mining Fraud Warnings: Mining Scam Keeps Getting Bigger - 1 views

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    The epic proportions of the illegal mining scam that was uncovered by the Karnataka Lokayukta in its 2011 report may actually have been just one act of a much larger, more complex and multi-layered drama. There is now new evidence to suggest that the Lokayukta's final report on illegal mining - a political game-changer that sent the powerful to jail and catalysed a regime change in the state - is just one part of the mining story. A six-month-long investigation by The Hindu, with help from whistleblowers in the Railways, the Karnataka Commercial Taxes Department and the CBI, points to losses to the State exchequer between January 2006 and December 2010 that are, at the very least, Rs. 1 lakh crore or eight times the estimated figure given in the Lokayukta report. The investigation also shows that the State lost Rs. 2,000 crore in commercial taxes. The new information suggests that the dominant narrative on illegal mining, namely, that illegal ore was mainly exported to China to feed an infrastructure boom triggered by the Beijing Olympics, is actually a very partial telling of the mining scam story. The new data with The Hindu furthers the depth and reach of the mining scam, a part of which was so exhaustively covered in the Lokayukta report. http://blackhawk-mining.com/
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Khandeparkar Panel to Investigate More into Illegal Mining in Goa - 1 views

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    Helping the government arrest illegalities and prepare a roadmap for future of mining industry in the state is the Goa government-appointed Justice R M S Khandeparkar committee on illegal mining. He has decided to probe further the illicit tapping of iron ore in Goa.
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Making Progress with Biodiversity for Mining Rehabilitation - 4 views

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    The pioneers in progressive mine rehabilitation is one of the greatest assets in departmentalizing mining stereotypes. Environmentally friendly procedures and more and more miscellaneous ecosystems are becoming the standard as companies regard local ecosystem rehabilitation as a part of the on-going mining process. To better understand these progressive rehab techniques, here are some words from Idemitsu Australia Resources Corporate Sustainability and Environment Manager Dr. Jan Green and Parsons Brinckerhoff Team Manager, Alex Cockerill. "There's an increasing focus on establishing complex and diverse natural ecosystems as part of mine rehabilitation," she says. "With progressive rehab, it takes a much shorter time after the mine closes before the original flora and fauna can take over naturally." Her existing project is a 6- to 7-year-old mine that will sooner or later go back to a box gum woodland with white box gum trees. She explains that one of the biggest challenges is keeping up with the mining as it happens. A strict schedule of clearing between summer and autumn allows species, for example, to nest in the winter and raise young in the spring. Cockerill says the team salvages hollow logs and timber for the provision of supplementary fauna habitats within the rehabilitation, and collects the seeds of local species of plant from the adjoining forest for propagation in a nursery. By means of local species, it provides them a better chance of growing for the reason that the topsoil is recreated with greater accurateness. Sequentially, local fauna, from invertebrates to birds and mammals, are attracted to familiar landscapes. "With the progressive establishment of increasingly complex vegetation structure and diversity these ecosystems encourage more local species back onto the mine site," Cockerill explains. "It's then supported by biodiversity monitoring to target measurable performance criteria throughout the life of the mine and
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    Mining can have a significant destructive environmental impact if done negligently.
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