Archive for December, 2012

MINING INDUSTRY IN AUSTRALIA & SEX/MUSIC INDUSTRY SERVICES

Monday, December 31st, 2012

MINING INDUSTRY IN AUSTRALIA ATTRACT SEX SERVICE INDUSTRIES

The sex industry, trade in illicit drugs and touring rock scene have all received a major boost from the Australian resources boom, with young, cash-flush miners readily dispensing their earnings on foreign prostitutes, recreational narcotics and live music.

Cuddles and Curves Sexy Lingerie Australia, Sizes 6 to 26

The mineral-rich antipodean state is one of few first-world nations to have successfully weathered the global economy’s recent travails, managing to maintain a 3.1% growth rate as most of the OECD languishes.

Reaping immense benefit from China’s continued growth and insatiable appetite for raw materials, Australia’s average full-time income has risen to a high of $72,500 per year, while its currency has remained above parity against the US dollar for the past two years.

France 24 reports that these propitious economic conditions have now made the country a key market for itinerant sex workers, drug smugglers and touring rock groups.

Period Vitamin

Last year Australian notched up their highest number of illicit drug busts in a decade, with 69,500 in total for the year ended June 30, 2012.

Foreign sex workers are also flocking in increasing numbers to remote mining communities, where workers earn exorbitant wages and the local sex-ratio is heavily skewed in favor of men.

A report released by the University of New South Wales in 2012 found that the number of sex workers coming to Australia from abroad had risen considerably since 2006, with 53% of such sex workers hailing from nearby countries in the Asia-Pacific such as Thailand, Korea and China.

The study also found that sex workers charged twice as much for their services in isolated mining communities than they did in major cities such as Sydney, where the median hourly rate is AUD$150.

Australia’s thriving, resources-backed economy has also made it a key destination for international rock acts, especially given the strong Aussie dollar and shifts in the music industry which have made live performances a primary revenue source.

The country is set to welcome a throng of leading international acts during the first six months of 2013, including Bruce Springsteen, Guns N’Roses, Ringo Starr, ZZ Top, Status Quo, Neil Young, Robert Plant and Kiss.

International rock acts are not beneath adjusting their ticket prices to reflect the rude health of the Australian economy. A premium ticket to see Bruce Springsteen perform costs $90 in Connecticut, yet more than twice that amount in Australia at $220 per head.


Minidisc Australia

Sourced & published by Henry Sapiecha

SPACE ASTEROID MINING MAKES SENSE SAY THE EXPERTS

Tuesday, December 11th, 2012

MINING GOLD & PLATINUM IN SPACE ASTEROIDS
Planet Bid

911 Metallurgist explains why asteroid mining is needed: many metals that underpin our modern economy are quickly being depleted.

Without any new technological advances, metals like zinc and gold are expected to run out in 100 years.


Priority Privilege - Travel Discount Card

Sourced & published by Henry Sapiecha

CHINA TAKES OVER HUGE PETROLEUM CANADIAN GIANT FOR $15.1 BILLION

Tuesday, December 11th, 2012

FIFTEEN THOUSAND MILLION DOLLARS IS A LOT OF MONEY-EVEN FOR CHINA

On Friday Ottawa green-lighted the takeover of Nexen, an Alberta petroleum producer, by China’s CNOOC for $15.1 billion, making it China’s largest ever overseas acquisition.
Emu Oil - Denis Baker Emus - Life just got better!

The Harper government has also given the thumbs up to the Progress Energy Resources deal, which would see Malaysian national energy company Petronas buy the company for $6 billion.

During the announcement, Harper said there will be limits to the government’s willingness to let future deals proceed when the transactions are conducted by foreign state-owned entities and will only proceed in “exceptional circumstances”.

The BC government lauded the deal.

Resources minister Rich Coleman said the deal is a “real sea change for British Columbia” and will allow an LNG plant to proceed at Prince Rupert, according to a report by the Canadian Press. The opposition NDP said they are also happy to see an LNG plant proceed at Prince Rupert, but would’ve liked more work on greenhouse gas implications.

The federal NDP called the deal irresponsible. Resource critic Peter Julian, in an interview with CBC’s The House, said the public should be more widely consulted and the government should more clearly define the net benefit of the deal.

Andrew Coyne writing for the Ottawa Citizen, is happy about the deal but says there is no clarity about overseas investment.

Save Fuel ! Save Money ! With the Original Vortec Cyclone

So: the right decision this time, but the promise of endless wrong decisions in future. By accepting CNOOC’s bid for Nexen (and, at the same time, Petronas’s smaller bid for Progress Energy), while all but slamming the door to other foreign state-owned firms with acquisitive ambitions in this country, the prime minister has probably struck the right balance, politically. He has done so, however, at the cost of total incoherence in policy terms.

Certainly he has done nothing to clarify Canada’s famously murky approach to foreign takeovers. Indeed, he has taken a policy that was already restrictive by international standards, and tightened it further. Where before our foreign investment rules were merely opaque, they are now both complex and opaque.

Jim Stanford, economist with the Canadian Auto Workers union, says Canada doesn’t need the money.

The only thing these foreign investors bring to the table is money – and we’ve got plenty of that. Our real national capacity to produce isn’t enhanced by these transactions, and may actually be undermined (given the risks posed by foreign control over a strategic, non-renewable resource).

In short, there’s no real economic sense in which Canada truly needs foreign capital (whether physical, human or financial) to develop our own natural resources. We’re quite capable of doing it ourselves, thank you – and we’d be much better off if we did it that way.

Weirdly, Andrew Nikiforuk at The Tyee says the whole oil thing is coming to an end anyway, and Harper decided to lock in a price for an over-valued asset:

Economic desperation, for one, also explains why the prime minister has seemingly abandoned his own conscience on China. Several years ago Harper criticized China’s human rights record and its totalitarianism. He even refused to attend the Beijing Olympics.

But with bitumen’s fortunes falling faster than the NHL’s prospects, Harper now proposes to sell the whole Canadian bitumen farm to Chinese state-owned corporations. Why? Well, they have enough almighty yuan to keep the overheated engine going.

Harper’s singular desperation has thoroughly infected every government department. The country’s new foreign policy document, drafted by Foreign Affairs Department, a new branch plant for Big Oil, not only calls for more trade with China (which consumes half the world’s coal and one-fifth of its oil), but the abandonment of ethics at home or abroad in the name of the almighty dollar.
Emu Oil - Denis Baker Emus - Life just got better!

On the other end of the spectrum, the Canadian Council of Chief Executives thought the sale was a grand idea.

MacLean’s has a nice chart to remind us that most of Nexen’s assets are overseas.

Picture of North Sea oil rig by Tuftronic10000

Sourced & published by Henry Sapiecha

WHAT DOES $315 BILLION IN GOLD BARS LOOK LIKE WELL HERE IT IS

Tuesday, December 11th, 2012

Professor Martyn Poliakoff toured the Bank of England’s gold vaults, which contains $315 billion worth of bullion, and felt a little sad.

“In some ways, seeing these bars is quite disappointing because gold is an exciting element. It has interesting chemistry, and it’s just sitting here doing nothing,” said Poliakoff, who hosted a gold episode of The Periodic Table of Videos.

“It’s enormously impressive. It’s a bit sad, like a mausoleum where the dead gold is sitting, waiting for people to remember it when it could be doing exciting reactions.”

While touring the vault, Poliakoff notes that each shelf alone contains a tonne of gold worth $56 million.

“I have never seen so much of any element. Ones first reaction is that it can’t be real, because one doesn’t see such things.”
Marketing with no money

Sourced & published by Henry Sapiecha

GOLD ATTRACTS BUYERS FOR DISCOUNTED BLACK MARKET GOLD

Tuesday, December 11th, 2012

BLACK MARKET GOLD AT DISCOUNT PRICE-GOLD IS GOLD-OR IS IT?

On offer was  posted”perennial supply of gold ore” purportedly of “superior quality” but with no purity rating at “PRICE $42000 PER KG _”. The ruling price for gold on Monday was closer to $55,000 per kilogram of gold.



Gold Company

Sourced & posted by Henry Sapiecha

THE AMERICAS SEEKING GOLD BULLION TO SHORE UP CURRENCIES

Tuesday, December 11th, 2012

SOUTH AMERICAN COUNTRIES CATCH THE GOLD BUG

In the wake of widespread reports pointing at central banks rushing to restock their coffers ever since the German government submitted gold demands to London and New York bankers, Latin American countries seem to also be catching the gold bug.
Gold Company

Mexico leads the way, buying  close to 100 tonnes in a couple of months last year. Now Brazil has increased its gold reserves for the second straight month, reaching the highest level in 11 years, as data from the International Monetary Fund shows.

Brazil, home Latin America’s largest economy, seems to have much further to go, as gold still accounts for a mere 0.8% of its reserves.

In addition to Brazil, others nations including Colombia, Mexico, Argentina and Paraguay have recently been adding to their bullion holdings. And this might be only the beginning.

“A wave of gold-buying among Latin American central banks is likely to be of less significance to the market than the trend in Asia has been, simply because a larger proportion of the world’s reserves are held by Asian countries,” writes Financial Times columnist Jack Farchy (subs. required).
Ka Gold Jewelry

He adds that fresh acquisitions coming from Latin America could help keep the current pace of roughly 500 tonnes a year – equivalent to the jewellery consumption of Europe and North America combined.

The outlook for the region is not clear, as some of the biggest regional economies, remain cautious. Peru for instance, which holds the third-largest international reserves in Latin America at $61 billion, has not bought any bullion since 2001. And Chile, which reserves are estimated in $40 billion, holds less than one tonne of the precious yellow metal.

Central banks bullion purchasing has become a pillar of the gold market today. Only a few years ago, these financial institutions were net sellers of gold under a long-standing inter-bank agreement. But lately they have been among the biggest buyers mainly because of weaker currencies and the potential for faster inflation.

According to data compiled by the World Gold Council, gold buying by the global central banks will hit a new high this year, reaching over the 500 tons mark, compared to the 465 tons bought in 2011.
Ka Gold Jewelry

Sourced & published by Henry Sapiecha

RARE BLUE 9.46CT DIAMOND FROM KAROWE BOTSWANA AFRICA FETCHES A RECORD $4.515M

Friday, December 7th, 2012

ALMOST HALF A MILLION DOLLARS PER CARAT FOR THIS 9.46CARAT BLUE DIAMOND FROM BOTSWANA AFRICAN DIAMOND MINE

Canada’s Lucara Diamond Corp. (TSX:LUC) sold a 9.46-carat blue diamond for $4,515,000, or $477,272 per carat, as part of a diamond sale this week.
Surat Diamond Jewellery

The Vancouver-based company announced earlier this month it had found the 9.46-carat rare type II blue diamond at its Karowe mine in Botswana.

William Lamb, Lucara president and CEO, said at the time the recovery of the blue diamond is a key gain for the company.

“The recovery of such a rare stone is of great importance to the Karowe asset,” he said.

“We had previously identified a population of type II diamonds at Karowe and the recovery of this rare blue diamond confirms the quality distribution of the diamonds being mined at Karowe,” he added.

Aside from the large blue diamond, Lucara also sold a small blue diamond weighing 0.64 carats for $24,500.

In addition to the Karowe mine in Botswana, the Africa-focused miner holds 75% of the Mothae project in Lesotho, which is currently in the trial mining stage.
Surat Diamond Jewellery

Sourced & published by Henry Sapiecha

CHINA TO SOON SCRAP ITS HOLD ON THE LOCAL COAL CONTRACT SYSTEM

Tuesday, December 4th, 2012

China is expected to pursue further liberalization of its domestic coal market within the next several weeks following the announcement of plans to scrap its annual coal contract system.

Reuters reports that the National Development and Reform Commission (NDRC), one of China’s most authoritative policy bodies, has submitted a proposal to the State Council to scrap the current system which requires that suppliers provide a set quantity of coal to power producers at preferential prices.
Get your Coffee Machines & Espresso Machines

Sources say approval is expected as early as the next several weeks, prior to the annual coal contract conference which customarily begins in early December.

Policy-makers reportedly consider this a propitious time to open up the coal market due to the sharp decline in spot prices this year, with Australia’s Newcastle spot thermal coal index declining as much as 30% since the start of 2012 to $81 per tonne.

China is the world’s biggest buyer of thermal coal, which remains a key source of energy for its expanding economy, and the liberalization measures are expected to increase import levels as domestic prices will no longer be artificially suppressed

Eforchina.com

Sourced & published by Henry Sapiecha

TEN THOUSAND MINERS IN AUSTRALIA GET THE SACK

Tuesday, December 4th, 2012

Australian miners have reduced overhead by $2 billion and laid off nearly 10,000 miners over the last couple of months, according to a report by R2Mining and CostMine.

“The majority of the Australian mining industry has found that it is no longer profitable to invest in the current economical climate,” writes the report authors, Shahriar Shafiee and Nick Abbate.

“The main factors threatening the Australian mining industry are the fall in mineral commodity prices over the last 12 months, the uncertainties created around the mining and carbon taxes, an increasing royalty rate, a strong Australian dollar, and slowing of China’s economic growth.

AlertForce - OHS Training Courses Online

“Therefore with the no improvement in commodity prices expected in the short.”


SpeechSchool.TV - The world's #1 provider of online speech training

Sourced & published by Henry Sapiecha

INDIA & AUSTRALIA IN TALKS ABOUT WORLDS BIGGEST COAT TENEMENT IN QUEENSLAND

Tuesday, December 4th, 2012

Following the completion of comprehensive field explorations India’s Adani Group (NSE:ADANIENT) is on the verge of proceeding with the development of Queensland’s Carmichael coal mine – the world’s largest coal tenement with deposits estimated at AUD$10 billion.

The Australian reports that Federal Resources Minister Martin Ferguson and Queensland Premier Campbell Newman are currently in India to formalize the deal for the project with Adani Group.
LoveTEFL


The project encompasses the building of a mine as well accompanying rail and port infrastructure, and will lead to the creation of 4,000 long-term jobs.

Adani Group has already placed a plethora of its chips in the Australian mining industry, having invested a total $3 billion in integrated projects in the antipodes with a further $7 billion slated for the next several years.

The coal from the Carmichael Mine will be exported to India following delivery via a 400km railway to the Adani Group’s Abbot Point terminal near Bowen on the Queensland coast.

The announcement arrives just following a landmark visit by Julia Gillard to New Delhi, where the Australian Prime Minister bolstered trade relations and affirmed her country’s willingness to export uranium to India, as well as news that a vigorous crackdown on illegal activity in India’s domestic coal mining industry has created tremendous opportunities for overseas production.


Mineral Makeup up to 75% OFF!! Liquidation Sale … While Supplies Last!!

Sourced & published by Henry Sapiecha

Categories
Search