Archive for January, 2012

HOUSING IS A COMMODITY, SO BUY CHEAP USA HOUSING WITH GREAT RETURNS.GET YOUR FREE REPORT HERE.

Monday, January 30th, 2012

PUTING MORE DOLARS IN YOUR POCKET

NOW IS THE BEST TIME TO INVEST IN THE USA PROPERTY HOUSING MARKET, GETTING GREAT RETURNS & MUCH MORE

***************************

USA Homes are going very cheap & it is suggested that the property market there will skyrocket in 2-3 years. If that is the case you need to see the report. Get it for free so it can work for you
CHECK IT OUT HERE BY CLICKING THE PIC BELOW

OR  Email us below…

SEND US YOUR CONTACT DETAILS,
YOU WILL GET A QUICK CALL FROM THE USA TO VERIFY YOU ARE A REAL PERSON AND WE WILL SEND YOU A

PDF PROPERTY REPORT & more

Act now or you will never forgive yourself for missing out

HENRY SAPIECHA
M-0411896524
www.acbocallcentre.com
www.newscorp.ws
***************

OIL DEMAND HAS HIT AN ALL TIME LOW

Wednesday, January 18th, 2012

Oil demand has not been this low  since

2009

By Guy Chazan in London

Oil demand is falling for the first time since the 2008-09 global financial crisis as a result of a mild winter, high crude prices and the European economic crisis, according to fresh estimates from the International Energy Agency.

The industrialised nations’ watchdog said oil demand dropped by 300,000 barrels a day in the final quarter of 2011. Such a fall is rare: over the last decade, oil demand has posted drops only in the financial crisis of mid-2008 to mid-2009.

The IEA revised down its outlook for growth in 2012 to 1.1m b/d from 1.3m b/d amid signs of weakness in the world economy.

It also warned of the geopolitical risk posed to oil markets by rising tensions with Iran.

Global oil demand in 2011 was 89.5m b/d, the IEA said.

David Fyfe, head of the IEA’s oil industry and markets division, said the year-on-year fall in demand was largely due to the exceptionally cold winter of 2010-11 compared to this winter’s milder temperatures. But it was still surprising.

“Even in the 2008-9 crisis we only had a couple of quarters of absolute contraction, so it is quite rare,” he said. “We’re flagging that there are clearly downside risks to the global economy and to oil demand.”

The IEA’s latest monthly oil market report comes against the backdrop of a looming showdown between Iran and the west over Tehran’s nuclear ambitions.

Oil prices jumped $4-$5 a barrel at the new year as the European Union prepared to impose a ban on Iranian oil imports and Tehran threatened to close the Strait of Hormuz, a crucial conduit for oil exports from the Gulf.

The agency characterised the oil market as finely balanced between fears of supply disruptions due to the coming Iranian embargo and concerns about an economic slowdown that will weaken demand for oil.

The price of crude has been relatively stable since last spring within a range of $100 to $120 a barrel. But the IEA said the stability was “more apparent than real.”

It said markets were caught between a “rock” – the growing likelihood of a sharp economic slowdown, or even outright recession, in 2012 – and a “hard place” – possible geopolitical turmoil triggered by the west’s face-off with Iran.

“That is scarcely a source of comfort,” the report said.

Oil markets in Europe and Asia, hit badly last year by the loss of Libyan supply, worry that sanctions against Iran will seriously affect the availability of crude.

The leaders of Japan, China and South Korea have been seeking assurances from Middle Eastern producers like Saudi Arabia that they can make up any shortfall.

Europe, which imports about 600,000 b/d of Iranian crude, is also on the hunt for replacement supplies.

These concerns come at a time of tightness in physical oil markets.

Last year, non-Opec supply grew by only 50,000 barrels a day, the third lowest performance in the last decade – largely due to a series of unscheduled disruptions in places like the North Sea, Canada and China. That was compounded by the unrest in Libya, which knocked out its exports.

While members of the Opec cartel, especially Saudi Arabia, increased production to compensate, and the IEA released emergency stocks, this was not enough to make up for the Libyan shortfall.

The IEA said crude stock levels in industrialised countries remain below the five-year average for a fifth consecutive month.

European refiners faced a “difficult task” in finding substitutes for Iranian supply, and some market dislocation was inevitable, the agency warned.

But the gradual phase-in of any EU import ban and the “considerable latitude in implementation” built into the US sanctions “will serve to minimise unwanted market disruptions,” it added.

Sourced & published by Henry Sapiecha

WA IN AUSTRALIA HAS THE RICHEST GOLD MINE IN THE COUNTRY

Tuesday, January 17th, 2012


Ka Gold Jewelry

AUSTRALIA’S RICHEST GOLD FIELD IS IN THE BLACK



eYongs Tibetan Jewelry

Integra Mining (ASX: IGR) achieved a gold production milestone of 100,000 ounces in early January at its Randalls Gold Project located 60-130 kilometres east of Kalgoorlie in Australia’s most prolific goldfield.

First gold was poured from the project in September 2010 and Integra ramped up to first commercial production in March 2011.

Managing director Chris Cairns said another significant milestone has been achieved by Integra’s operations people.

“This follows on from having been voted the Gold Mining Journal’s ‘Gold Miner of the Year’ for 2011. It is great to see the site based personnel receiving the well-deserved recognition of their industry peers,” he said.

Integra continues to unleash the potential of the Randalls project with assays last week from follow up diamond drilling at the Imperial prospect returning high grade gold-copper intersections including 6.2 metres at 13.43 grams per tonne (g/t) gold and 1.5% copper.

Highlights also included an interval of 2 metres at 31.1g/t gold and 1.3% copper.

Mineralisation at the prospect is open along strike to the north where shallow WMC-era reverse circulation drilling intercepted 2 metres at 1.8g/t from 52 metres, and to the south where there is no reverse circulation drilling for some 200 metres.

Randalls has a JORC Resource of 30 million tonnes at 2.6g/t for 2.5 million ounces of contained gold.
HighChi

Sourced & published by Henry Sapiecha

PERUVIAN CONGA GOLD MINE PROJECT NEEDS TO PACIFY OBJECTORS FIRST

Tuesday, January 17th, 2012


Ka Gold Jewelry

CONGA GOLD PROJECT IN PERU IN STALL MODE BUT HOPEFUL TO PROCEED

The Wall Street Journal reports Peru on Friday announced a programme of social and infrastructure investments in its poor Cajamarca region aimed at winning over local protesters who have brought to halt Newmont Mining’s $4.8 billion Conga project over environmental concerns.

Protestors, led by Cajamarca’s Maoist governor Gregorio Santos, say Conga will destroy the environment by transforming four high Andean lakes into reservoirs for mining operations.

In December the government was forced to declare a state of emergency after boulders were used to block exits from the regional capital of more than 200,000 inhabitants, schools, hospitals and business were closed and dozens injured in clashes with police.
A gift with a meaning by the artist David Weitzman.
For yourself or your love one’s.

The Wall Street Journal reports Peru’s new Prime Minister, Oscar Valdés, who was elevated to the position after a cabinet shake-up prompted by the Conga crisis said late Thursday that he thought work on the project which was stopped in November could restart by March:

On Friday, René Cornejo Diaz, the housing minister, was sent to Cajamarca to tout the federal government’s program to invest 4.3 billion soles, about $1.6 billion, in infrastructure and expanded antipoverty programs in Cajamarca.

But Cajamarca leaders, including the governor, Gregorio Santos, didn’t seem likely to be swayed by government largess. “The position of the regional government is clear, Conga is not going ahead,” Máximo Léon, a top adviser to Mr. Santos, said in a telephone interview.

Conga has gold deposits worth about $15 billion at current prices and would be the biggest investment ever in Peru mining.

Conga has turned into a political nightmare for President Ollanta Humala who took office last year and who has on many occasions publicly backed the project. The bitter dispute is seen as a test case for scores of conflicts triggered by mining investments in the country.

At least 200 communities nationwide in Peru have organized to stop mining or oil projects, usually over environmental concerns or to demand direct economic benefits in rural towns.


Ka Gold Jewelry

Sourced & published by Henry Sapiecha

 

CHINESE ECONOMY STALLS AT HOME

Monday, January 16th, 2012

 

Chinese malls look for more shoppers

By Simon Rabinovitch in Beijing

As crowds shouted and pushed for the latest iPhone in Beijing on Friday, a glitzy mall across the street was bathed in silence, with just a handful of shoppers hunting for bargains.

The frenzy at the Apple store underscored the rise of the Chinese consumer, a development that analysts say is needed to support the global economy and make China’s growth more sustainable.

More

But the empty SOHO complex cast a different light on what is happening in the world’s second-largest economy: consumption is rising, but not nearly as fast as vast shopping centres are being built.

A boom in the number of malls without a matching increase in actual shopping gets to the heart of what analysts see as the fundamental problem of the Chinese economy: too much investment, too little consumption.

“There was an exponential two or three years where record numbers of malls were built around the country,” said Frank Marriott, senior director for Asia at property consultant Savills. “It has to take a bit of a breather.”

Within a half-hour walk from Beijing’s fashionable Sanlitun district, eight shopping complexes have opened in recent years. While one mall called the Village – home to the Apple store that was pelted with eggs on Friday – is bustling, many of the others are visibly struggling.

At the SOHO mall, shuttered stores in its six retail buildings drastically outnumber the open ones. One building was entirely padlocked, while the only activity in another was a five-day garage sale of discount clothes.

“We came here just because one of the restaurants was recommended. We wouldn’t actually shop here when there’s so many good stores (in the Village) across the street,” said He Tian, a university student, walking with his girlfriend.

When China announces its 2011 growth rate on Tuesday, the figure is expected to be about 9 per cent as the country continues its three-decade-long boom.

It might also reveal that China has finally reached a turning point, with consumption becoming the biggest driver of growth. The problem is that this change does not appear to be happening quickly enough.

Household consumption has fallen over the past decade to just over a third of GDP, according to official data which even if understated is exceptionally low for a major economy in peacetime. Meanwhile, investment has soared to 48.6 per cent of GDP, which economists say marks an unhealthy dependence on capital spending.

“Hopefully we have started to see the beginning of improvement, but the imbalance problem is still very serious in China,” said Huang Yiping, an economist with Barclays Capital.

With much of Chinese investment concentrated in property, fears have mounted about the waste and the potential for bad debts. Concerns have focused on the vacant apartments that can be found throughout China, but empty shopping malls are a very public symptom of the same disease.

A little south of SOHO, Beijing’s cavernous new Fortune Mall echoed with the sounds of gunfire – a bored retailer was playing a loud video game during what was supposed to be the peak shopping period a week before China’s new year festival.

On the second floor, a lady in a red parka paced outside one of the several stores whose windows had been papered over. “They sold jade here. I was their part-time accountant. But they seem to have left and didn’t even tell me,” she said.

Amid the competition, one of Sanlitun’s mainstays, the Pacific Department Store, which was seen as ancient after its 10 years, closed its doors late last year.

Tianyi, a low-end mall in downtown Beijing, gave further evidence of a saturated marketplace. It was full of shoppers, but not quite as packed as in the past, according to store workers.

“We used to need two people, but now I can look after it myself and I have little to do,” said Mr Zhang, standing at a counter stacked with bathroom accessories.

The glut of retail space in Beijing is part of a broader trend. Guo Zengli, president of the Mall China Information Centre, said last year that the number of shopping centres nationwide would increase 893 per cent between 2001 and 2015.

The developers are hoping that a new generation of Chinese consumers will spend far more, emboldened by rising wages and government efforts to build up the social security system. To a certain extent, they are correct.

“Whatever money I make, I spend …?we don’t have to worry about saving for old age like our parents,” said Jiang Qiong, 24, manager of a jewellery shop in Tianyi.

With shoppers like Ms Jiang, Chinese retail sales have risen about 17 per cent annually for the past couple of years. The growth is impressive – but hardly enough to fill the 760 shopping centres that Mr Guo forecast will open across China over the next three years.

Sourced & published by Henry Sapiecha

NEW ZEALND IS DRIPPING WITH OIL & GAS IT IS SAID

Monday, January 16th, 2012

THE COUNTRY OF NEW ZEALAND EAST COAST LEAKING WITH OIL & GAS

The East Coast basin is “literally leaking oil and gas” and provides potential for thousands of wells, an oil company with exploration permits in the area says.

New Zealand’s main oil and gas producing region is at Taranaki on the west coast of the North Island but Tag Oil says the East Coast basin on the other side of the North Island has “world class upside potential”.

A presentation by the small Canadian-based company on its website says it has identified widespread oil and gas seeps over a large area.

The presentation says the “East Coast basin is literally leaking oil and gas”.

The Sunday Star Times newspaper reported that the company regarded the East Coast as a “Texas of the south” and wanted to pursue an aggressive program there.

Last September the company said it was undertaking seismic testing in the region, with first exploration drilling planned after that. The region is seen as having potential for so-called shale oil extracted from rock.

The company has a farmout deal with Apache for the region, under which Apache may spend up to $US100 million ($A97 million) to earn up to half of Tag’s present 100 per cent share of exploration prospects.

“This is not where New Zealand’s economic future lies. We need to be investing instead in renewable solutions,” says Moana Mackey, Labour’s Energy representative.

Sourced & published by Henry Sapiecha

AUSTRALIAN COALMINE INSTRUCTED TO PAY EMISSION TAX LEVY

Monday, January 16th, 2012

COALMINE IN AUSTRALIA ORDERED TO PAY EMISSION TAXES

IN A landmark decision, the Land and Environment Court has held that one of New South Wales’ coalmines in Australia should have to pay to offset some of its greenhouse gas emissions as a condition of operation.

The provisional decision was a win for the Hunter Environment Lobby, represented by the Environmental Defender’s Office, which had appealed to the court over the Minister for Planning’s decision to both consolidate historical consent authorities of the Ulan mine, near Mudgee, and double its operational life and capacity to 2031.

The Xstrata and Mitsubishi-owned Ulan Coal Mines, backed by the minister, and the Department of Planning, had argued that offsetting the mine’s scope one emissions was discriminatory, given that there were at least 50 coalmines operating in NSW.

The government told the court the carbon tax regime was a preferable policy.

The provisional judgment was delivered on November 30, with parties due to thrash out its details and timetable on February 13, before final orders are made.

Justice Nicola Pain found that the power to impose conditions on major infrastructure projects – those captured by the now repealed Part 3A procedure – was wide.

”That this is the first such condition imposed on a coalmine in NSW is not necessarily discriminatory,” she said.

”It is simply the first occasion that has occurred.

”As other operating coalmines seek approval to modify or extend their operations, or new coalmines are opened, it would be open to the consent authority, which may be the minister, to impose a similar condition.”

Law firm Norton Rose, in a briefing update, said the implications of the ”landmark” decision spread beyond the coal industry

Sourced & published by Henry Sapiecha

TUNGSTEN MINE TO GO AHEAD IN ENGLAND

Monday, January 16th, 2012

TIN & TUNGSTEN MINING IN ENGLAND BY WOLF MINERALS

PLANS by ASX-listed Wolf Minerals to become a tungsten and tin producer from its Hemerdon project in south-west England have attracted a rare demonstration of government support for the jobs and wealth creation ability of mining projects.

Wolf announced last week that the support came directly from Lord Green of Hurstpierpoint, the British Minister of State for Trade and Investment, following Wolf receiving planning consents for the Devon development.

In a letter to the company, Lord Green said Hemerdon was an important project to the community in terms of jobs and wealth creation, and to the British and wider European Union in securing supplies of tungsten.

”I am aware that tungsten ranks highly in both the British Geological Society and EU’s critical raw materials lists and that it has unique properties that are impossible to replace in certain specialised industrial applications,” the former HSBC chairman said.

The British Geological Survey in September listed tungsten as one of the top five strategically important metals.

Wolf is now working on securing $80 million in debt funding for the project, the development of which would serve to ease the grip China has on global supplies of tungsten. More than 80 per cent of global supply comes from China, which has curbed exports of the ”strategic” metal.

Tungsten prices rose by more than 30 per cent last year and are now more than eight times their level before taking off in 2003 in response to limited non-Chinese mine supplies at a time of rising consumption.

Sourced & published by Henry Sapiecha

WORLDS LARGEST NATURAL GAS PLANT TO BE BUILT IN AUSTRALIA @ AROUND $34BILLION

Friday, January 13th, 2012

North Australia to have a liquiefied natural gas plant built by Japan

Japan’s largest energy explorer has today committed to build the $34 billion Ichthys liquefied natural gas project in Australia, which would become one of the world’s biggest LNG facilities with an estimated 40-year life of processing gas from WA’s Browse Basin.

Inpex chair Naoki Kuroda announced the much anticipated final investment decision in Darwin, the site elected to build the project’s onshore gas processing facility after early plans to build the hub north of Broome.

The investment would be the single-largest in Australia from the Asian nation and create an initial 3000 jobs in Darwin with 1000 more off the WA coast. Once the project is fully operational it would shrink to 700 permanent staff.

The project would provide long term stable supply of energy to Japan after the Dai-Ichi nuclear station in Fukushima was crippled from an earthquake and tsunami in March.

Ichthys is among $200 billion worth of LNG developments planned, or under construction, in Australia as the country moves toward the top spot in the global rankings of LNG suppliers.

Australia, with projects led by Chevron, Royal Dutch Shell, Woodside, will “rival” Qatar as the world’s biggest exporter by 2016, Energy Minister Martin Ferguson has said.

“Ichthys will contribute significantly to the growth of the Australian economy while strengthening friendly ties between Japan and Australia,” Mr Kurodo said.

He said construction on the project was expected to begin at the Blaydin Point site in Darwin within the next month.

Mr Karudo said tenders for the project would have to demonstrate how they would maximise use of Australian products and services to be successful.

Sourced & published by Henry  Sapiecha
Categories
Search