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Peter Hollard

Eric Sprott On How Central Banks Are Setting The Stage For The Next Big Move In Gold | ... - 0 views

  • In our opinion, the lack of overt inflation to date due to the "successful" implementation of globalization, aka exporting inflation to China and anyone else who needs to purchase US securities, is the sole reason why there has not been an explosion in fiat-denominated prices to date. Yet as Zero Hedge has been pointing out for several months, the global trade picture is now dramatically changed, and China will need to look inward rather than outward. This means, that sooner or later exporting inflation as a fiat policy will fail. When pundits finally comprehend this and start blaring about it every day on CNBC, that is when the rush to gold (plated) safety will finally become acute.
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    The Next Big Move In Gold
News Era

Kareena to celebrate Valentine's Day with Big B, Ajay Devgn - 0 views

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     Bollywood superstar  Kareena Kapoor said that post-marriage, she has convert herself into a begum.
    Kareena and Bollywood star Saif Ali Khan married in Mumbai in October last year after a five-year courtship.
    Saif, 42, son of late Nawab of Pataudi and former Indian cricket captain Mansoor Ali Kh
Steven O'Sullivan

Top Paid CEOs: Oil Execs Dominate but Don't Top List - 1 views

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    The surest route to big bucks was running an oil or natural gas company. Their CEOs represented seven of the...
Arabica Robusta

Like Water for Gold in El Salvador | The Nation - 0 views

  • ADES (the Social and Economic Development Association), where local people talked with us late into the night about how they had come to oppose mining. ADES organizer Vidalina Morales acknowledged that “initially, we thought mining was good and it was going to help us out of poverty…through jobs and development.”
  • He talked about watching the river near his farm dry up: “This was very strange, as it had never done this before. So we walked up the river to see why…. And then I found a pump from Pacific Rim that was pumping water for exploratory wells. All of us began to wonder, if they are using this much water in the exploration stage, how much will they use if they actually start mining?”
  • Three people recounted how a Pacific Rim official boasted that cyanide was so safe that the official was willing to drink a glass of a favorite local beverage laced with the chemical. The official, we were told, backed down when community members insisted on authentication of the cyanide. “The company thought we’re just ignorant farmers with big hats who don’t know what we’re doing,” Miguel said. “But they’re the ones who are lying.”
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  • As the anti-mining coalition strengthened with support from leaders in the Catholic Church, small businesses and the general public (a 2007 national poll showed that 62.4 percent opposed mining), tensions within Cabañas grew.
  • Along one wall is the Salvadoran version of the US Vietnam Veterans Memorial, in this case etched with the names of about 30,000 of the roughly 75,000 killed in the civil war. Thousands of them, including the dozens killed in the Lempa River massacre of 1981, were victims of massacres perpetrated by the US-backed—often US-trained—government forces and the death squads associated with them.
  • Anti-mining sentiment was already so strong in 2009 that both the reigning ARENA president and the successful FMLN candidate, Mauricio Funes, came out against mining during the campaign.
  • We pushed further, trying to understand how a technical analysis could decide a matter with such high stakes. On the one hand, we posed to Duarte, gold’s price has skyrocketed from less than $300 an ounce a decade ago to more than $1,500 an ounce today, increasing the temptation in a nation of deep poverty to consider mining. We quoted former Salvadoran finance minister and Pacific Rim economic adviser Manuel Hinds, who said, “Renouncing gold mining would be unjustifiable and globally unprecedented.” On the other hand, we quoted the head of the human rights group and Roundtable member FESPAD, Maria Silvia Guillen: “El Salvador is a small beach with a big river that runs through it. If the river dies, the entire country dies.”
  • While he hoped this process would produce a consensus, Duarte admitted it was more likely the government and the firm would have to lay out “the interests of the majority,” after which the two ministries would then make their policy recommendation.
  • Oscar Luna, a former law professor and fierce defender of human rights—for which he too has received death threats. We asked Luna if he agreed with allegations that the killings in Cabañas were “assassinations organized and protected by economic and social powers.” Luna replied with his own phrasing: “There is still a climate of impunity in this country that we are trying to end.” He is pressing El Salvador’s attorney general to conduct investigations into the “intellectual” authors of the killings.
  • Our interactions in Cabañas and San Salvador left us appreciative of the new democratic space that strong citizen movements and a progressive presidential victory have opened up, yet aware of the fragility and complexities that abound. The government faces an epic decision about mining, amid deep divisions and with institutions of democracy that are still quite young. As Vidalina reminded us when we parted, the “complications” are even greater than what we found in Cabañas or in San Salvador, because even if the ban’s proponents eventually win, “these decisions could still get trumped in Washington.”
  • The brief methodically lays out how Canada-headquartered Pacific Rim first incorporated in the Cayman Islands to escape taxes, then brazenly lobbied Salvadoran officials to shape policies to benefit the firm, and only after that failed, in 2007 reincorporated one of its subsidiaries in the United States to use CAFTA to sue El Salvador.
  • Dozens of human rights, environmental and fair-trade groups across North America, from U.S.-El Salvador Sister Cities and the Committee in Solidarity With the People of El Salvador (CISPES) to Oxfam, Public Citizen, Mining Watch and the Institute for Policy Studies, are pressuring Pacific Rim to withdraw the case.
Alex Parker

X2 Resources: Mick the Miner's big comeback | NewsMeBack - 0 views

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    After resigning from Xstrata in the wake of bitter merger negotiations with Glencore, Mick Davis is on the comeback trail with his new venture X2 Resources.
Alex Parker

Digging big - the world's biggest draglines - 1 views

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    Caterpillar, Joy Global and OMZ produce some of the biggest draglines used in surface mining operations. Mining-technology.com profiles the ten biggest draglines in use based on bucket capacity. Caterpillar's Cat 8750 series draglines have a bucket capacity ranging from 76m3 to 116m3 (100 to 152 cubic yards).
gloriazhao

Hammer Crusher---Mining Machine For Coal, Limestone, Phosphate - 0 views

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    Hammer crusher is mainly suitable for crushing various soft and medium-hard ore, whose compression strength is not higher than 320MPa, such as coal, salt, chalk, gypsum, blocks, limestone, glasses, and phosphate, etc. Hammer crusher designed by SBM fits for producing 0-3MM coarse powder products. This machine adopts theories of traditional crushing machines and grinding mills. It makes up the shortage of common mills, and it is the best choice to produce coarse powder at big capacity.
Alex Parker

Big rigs: how to move the world's largest rigs - 1 views

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    Oil and gas rigs are some of the biggest moveable structures in the world. Modern rigs cost millions of dollars and can weigh up to 30,000 tons.
Peter Hollard

Coal and Treasuries | Gregor.us - 0 views

  • When the developing world faced higher oil prices, it guided its development toward power generation. But when the developed world, already married to an oil based infrastructure, faced higher oil prices it guided its development towards growth in credit. The United States is the number 2 user of coal, behind China, at 565 mtoe per year. And Germany is the number 7 user of coal at 85 mtoe per year. But coal demand growth in the OECD is largely halted by infrastructure. Most of the powergen additions in the OECD the past 30 years have been natural gas fired. Take a look at the growth of coal demand over the past 20 years, meanwhile, back in the developing world.
    • Peter Hollard
       
      India is going to be a big buyer of coal... coal prices are set to rise
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    Coal looks to be a good investment going forward ....
rapidbizapps

Digital Innovations - Intelligence & Analytics in The Mining Industry - 0 views

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    In part 1 and part 2 of this series, we looked at advances in automation and robotics, connected mobility and remote operations in the mining industry. In this post, we focus on intelligence and data analytics in the mining industry, and integrated technology operating models.
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