Tag: colombia

La Nina effect not priced into thermal coal companies

Filed in BP, Capex, Gold, Gold Investing, miners, o by on February 3, 2011 0 Comments
La Nina effect not priced into thermal coal companies

A protracted, La Nina-related wet season cut Indonesia’s thermal coal exports (the country is the world’s largest exporter) by 15 percent in 2010 (though the overall industry’s capex was up 18% yoy, suggesting the potential for increased volume capacity) and also hurt output in other key producing regions such as Queensland, South Africa and Colombia will give miners “the upper hand

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Sri Lanka Boom Times

Filed in Gold, GOld juniors, lead, mongolia, shares, ubs by on October 14, 2010 0 Comments
Sri Lanka Boom Times

Two years ago, the Tamil Tigers of Sri Lanka were described by the FBI as “the most dangerous and deadly terrorist organization in the world.” Over the past thirty years, they have killed upwards of 100,000 people — the vast majority of them civilian. The list of heinous acts is long and multifaceted. Children were kidnapped and used as soldiers. The Tigers sent more suicide bombers than another other terrorist group, far surpassing the PLO. They even pioneered the use of suicide airplane attacks and bomb belts. But on May 17, 2009, after being routed by the forces of Sri Lankan President Mahinda Rajapaksa, the Tamil Tigers (or LTTE) finally admitted defeat. The Tiger leaders were dead. The war was over, and there were celebrations in the capital city of Colombo. The hub of South Asia As I write this, Sri Lanka is undergoing a massive post-war rebuilding boom. They have deals in place with the International Monetary Fund (IMF) which limits government spending and works toward a balanced budget. This is a deal similar to the one made with South Korea and Indonesia after their financial crisis of 1998… South Korea iShares Index (EWY) went from 12 to 70 over the past decade; the Indonesia iShares Index (PCX) went from 22 to 90 over the past two years. The IMF deal forces the politicians into fiscally conservative governance, as well as gives them someone to blame for the austerity. And in most cases, the IMF has a fine track record. (Argentina is a notable exception.) Major trade route Sri Lanka has been on a major trade route between East Asia and the Middle East for thousands of years. It is most known for its tea, rubber, garments, and tourism. There is a new, deep-water port terminal being built in Colombo with a $500 million investment from China Merchant Holdings. The New York Times ranked Sri Lanka as the Number 1 place out of 31 to visit in 2010. There will be several new business opportunities going forward in real estate, business process outsourcing, banking, timber, pepper, fisheries, education, health care, and infrastructure. In other words, buy the hotels, cement makers, and the banks. For example, Seylan Bank Plc. (Colombo: SEYB) reported that profits have risen 295% in the latest quarter. The share price has tripled this year. The exchange as a whole is up 110% this year. Last year, the Colombo Stock Index rose 120% — just edging out Mongolia. GDP growth For most of the 2000s, GDP Growth in Sri Lanka was running at 6%. In 2009, in the aftermath of the global bust, it contracted to 3.5%. But so far this year— as the rebuilding gets underway and investors flood into the market — GDP growth is running at 8% for the first two quarters of 2010. The IMF is projecting a seven percent growth rate in 2010, but will soon revise higher. Brian Aitken, IMF Mission Chief for Sri Lanka said, “Our latest projection came before the second quarter data and we would reevaluate our projections this November or December when the mission next visits Sri Lanka. The second quarter…

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Colombia and Venezuela restore diplomatic relations

Filed in Bank Gold, gld, lead by on August 11, 2010 0 Comments

Venezuelan President Hugo Chavez and his new Colombian counterpart, Juan Manuel Santos, have agreed to restore diplomatic relations. Mr Chavez cut ties last month after Colombia accused Venezuela of harbouring left-wing rebels. But at a meeting in the Colombian city of Santa Marta, the two leaders agreed to relaunch bilateral relations. They admitted personal differences, but said they were putting them aside in the interest of both nations.

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Yamana Gold Sees Options Trade Higher On Bullish Sentiment For Gold

Yamana Gold (NYSE:AUY), the Toronto-based gold miner, is up 18 cents to $10.38 after gold reversed early losses and added $11.80 to $1154.10 an ounce. In AUY options, 27K calls traded in the name Friday. The volume represents 3X the typical activity and compares to 2224 puts. May 11 calls have

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The Peak Oil Side of Volcanoes

This Icelandic volcano is not just a quaint story about some faraway place. We need to keep an eye on Iceland and its grumpy volcanoes. The historic record is filled with Icelandic volcano blasts that wrecked European civilization. It goes back at least to the days of the Roman Empire. There’s evidence that an Icelandic eruption in A.D. 405 led to a harsh winter the next year, in which the Rhine River froze. This allowed the barbarians cross in numbers sufficient to defeat the Roman Legions. In A.D. 934, there was a massive lava flow from Iceland’s Eldgja fissure system. It unleashed the largest basalt flood in recorded history. An ash cloud blanketed Northern Europe and weakened many political structures. This eruption helped keep the Dark Ages dark, and in particular harmed the English political system. It’s no coincidence that William, Duke of Normandy, conquered England a century or so later, in 1066. Then there was the Laki eruption in 1783, with another immense outpouring of lava in Iceland. This eruption emitted large volumes of poisonous gas, including fluoride and sulfur dioxide chemicals that poisoned half of Iceland’s livestock. The gas cloud blew over Scandinavia as well, causing many deaths and hardships that included a long famine. There were many deaths further south in Western Europe, as well, in 1783. Then came several years of extreme weather. Among other problems was a shortfall in farm output. This led to a drop in tax receipts for governments across the continent. In France, King Louis XVI eventually had to summon the Estates General to ask for new taxes. Instead, he wound up with the French Revolution. Do not discount the immediate or long-term human, economic and social effects of natural phenomena. I hope that the Icelandic volcano goes back to being dormant. But it’s nothing that anyone can control. One way or the other, the Icelandic volcano is important to you as an investor. …

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Lawsuit: Chiquita fruit company ‘funded death squads’ in Colombia

Filed in Bank Gold, gld, Gold Spot Market by on April 7, 2010 0 Comments

Fruit importer Chiquita Brands International “knowingly provided material support to a terrorist organization” by paying protection money and providing weapons to a Colombian rebel group, a lawsuit filed in a Florida court this week alleges. Three US citizens who survived a five-year hostage ordeal at the hands of Colombia’s notorious FARC

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Latin America’s Top-Performing Stocks

Filed in ceo, copper, currencies, economy, euro, Gold, GOld juniors, recession, shares, spdr by on April 6, 2010 0 Comments
Latin America’s Top-Performing Stocks

Even though the sun is plenty bright on the East Coast of the U.S. today, I’ve got my eyes on the tropics. I’m looking at Colombia specifically. That’s where the World Economic Forum for Latin America is going on this week. The theme of this year’s meeting: New Partnerships for a Sustainable Recovery. As rapidly developing regional economies rocket out of the global recession, fresh arrangements of priorities and money will set Latin America’s growth trends for years to come. So let’s look now at where we can find the best returns… Advertisement Trouble Finding Your Next Breakout Oil Play? The last time I heard a reader say that, I couldn’t believe it. Soon after, I let him in on just one of our Bakken secrets. That was a little more than a year ago, and now he’s sitting on more than 1,230% from trading just one stock. Still don’t think there’s money to be made? Don’t make another trade until you read my new report … Different Economies, Same Growth Goals The world wants what Latin America has. From bananas to copper, the region is resource-rich. Money is coming in like never before, driving up the price of local currencies like the Brazilian real. If a currency acts like a national stock price, money movement is pointing to rising future earnings for many countries in the region. That doesn’t mean we should take the whole area as a giant target, however. To make more than the average investor watching from afar, we have to differentiate. Consider what “Latin” means in English-speaking countries. Generally, Spanish and Portuguese speakers and their countries — not the Caesars or Rome — are what comes to mind these days. Miami and many other cities have their large Latin communities, and the U.S. even hosts Latin Grammys every year to honor grandes estrellas (big stars) from their musically-infused culture. But ask a Dominican if he’s the same as a Brazilian, or try to lump the growth of a country like Peru in with Venezuela, and differences start to stand out quickly. Same goes for the countries that will be represented in the coastal Colombian city of Cartagena this week. Take Chile, which is riding high on copper demand despite the severe earthquakes that recently shook the…

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RBS to Sell Colombia Unit to Bank of Nova Scotia

Filed in Gold Holdings, Gold Investing by on March 1, 2010 0 Comments

Royal Bank of Scotland Group Plc,Britain’s biggest government-controlled lender, agreed to sellits Colombia investment-banking business to Bank of Nova Scotia. The sale of RBS Colombia to Canada’s third-biggest lenderis subject to approval from regu RBS to Sell Colombia Unit to Bank of Nova Scotia

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NYQ:BAC:Ecopetrol to Be ‘Standout Player’ in Latin America BofA Says

Filed in Gold Investing by on February 16, 2010 0 Comments

Ecopetrol SA, Colombia’s state- controlled oil producer, will be one of Latin America’s standout players in oil and gas production as a broad growth strategy proves successful, Bank of America said. Ecopetrol’s production rose at a stellar rate in t NYQ:BAC:Ecopetrol to Be ‘Standout Player’ in Latin America BofA Says

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Colombia consumer prices fell 0.07 pct in Nov

Filed in Gold Holdings, Gold Investing by on December 6, 2009 0 Comments

BOGOTA, Dec 5 – Colombia’s consumer prices fell 0.07 percent in November versus a rise of 0.28 percent reported in the same month a year earlier, the government statistics agency said on Saturday. Inflation for the year through November was 1.92 p Colombia consumer prices fell 0.07 pct in Nov

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Venezuela sends 15,000 troops to Colombia border as tensions between the two counties increase

Filed in Debt, Dollar Strength, Gold Bullion prices, Gold EFT by on November 5, 2009 0 Comments

Venezuela sends 15,000 troops to Colombia border CARACAS, Venezuela — President Hugo Chavez’s government is sending 15,000 soldiers to the border with Colombia, saying the military buildup is needed to increase security, combat drug trafficking and root out paramilitary groups. The deployment to the Venezuelan border states of Zulia, Tachira, Apure, Amazonas and Bolivar follows shootings involving

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Equatorial Volcano shows signs of imminent eruption

Filed in Bank Gold, gld, Gold, Gold Spot Market by on November 1, 2009 0 Comments
Equatorial Volcano shows signs of imminent eruption

Colombia volcano rumbles back to life. The volcano is about 1.2 degrees north of the Equator. From AFP BOGOTA, Colombia — Officials in southern Colombia have issued a code orange alert for the newly-active Galeras volcano which they said could erupt in a matter of days or weeks, according to the state-run Geological and Mining Institute. Authorities said

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