Tag: kazakhstan

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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The Ringworm Children: Zionist Eugenics of the Sephardim

Filed in gld, Gold Spot Market by on June 8, 2010 0 Comments

Just doing my part in keeping the Hell on Earth Theme Park of Israel on the map as if they aren’t doing enough themselves. Its not a tourist destination most of us want to visit, yet I’ve been, except for US politicians on the AIPAC fast track to power. Before the Megaphonies get involved, the author of the article is a self-proclaimed tribe member, Jewish in her own right, but not very happy of that fact as of late… The Ashkenazim, the pale white bloodline converts to Judaism we all see day to day, date back to 800 AD out of what is now Kazakhstan or Central Asia. They have much disdain for the real sephardim Jews of the region, the brown skinned locals, as they treat them like an underclass while importing other peoples of real sephardic bloodlines to experiment on – all the while shouting “anti-semite” at anyone challenging them on their war crime atrocities and apartheid politics, yet they seem to keep emulating the power structure of WWII Germany, History Channel’s only programming. The Ashkenazi Zionists are the true anti-semites, haters of sephardic Jews and Arabs who both share the patriarch Abraham as they both claim him as “our Father.” Just like the USS Liberty, another area of Israel that stays in the dark… WRH permalink

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Today in Russian Business – May 31, 2010

Filed in Debt, Gold Investing by on May 31, 2010 0 Comments

Belarus has snubbed the customs union meeting held with Russia and Kazakhstan, apparently due to ongoing differences of opinion on gas  (Gazprom says Belarus must pay its $192 million debt to the Russian gas-export monopoly before further…

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KPO group in talks on Kazakh stake – report

Filed in Gold Holdings by on April 24, 2010 0 Comments

MILAN, April 24 – The Karachaganak Petroleum Operating Group has started talks on Kazakhstan taking a stake in the oil and gas consortium, Italy’s Il Sole 24 Ore reported on Saturday. Kazakhstan has long sought a stake in the giant Karachaganak o KPO group in talks on Kazakh stake – report

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China’s Huge Oil Demand

Filed in economy, Gold, GOld juniors, Gold Market by on January 27, 2010 0 Comments
China’s Huge Oil Demand

According to the Energy Information Administration, the world’s demand for energy has been increasing for decades and will continue to rise into the foreseeable future. Take a look: This isn’t news. John Felmy, the Chief Economist at the American Petroleum Institute says, “There’s no question demand internationally is increasing, and virtually all the major forecasters for the year have been increasing their forecasts for demand worldwide.” This only makes sense. The global economy is coming out of a recession. China just announced that GDP grew 10.9% last quarter. India is expecting to grow GDP at 7.5% in 2010. Heck, even the UK announced that its longest recession in history was now over and GDP grew in that country at a sedate 0.1%… Advertisement 19 Straight Closed Winners since January 2009 Our research team has helped our readers pile up some serious gains this year. In 2009 alone, we’ve closed 19 profitable positions – a winner every two weeks, including 195% and 153% gains on one play. And that’s just a taste of the gains readers are taking on our wildly profitable Bakken plays… and one area that could provide the U.S. with up to nine billion barrels of oil the Saudis can’t touch. Simply click here …

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O’s day of reckoning

Filed in Gold Bullion prices by on December 31, 2009 0 Comments

It's showtime, folks! Today's the deadline President Obama imposed on Iran's leaders to give up their nuclear ambitions and be nice. Not sure if the deadline expires at midnight in Tehran or on Washington time, but the mullahs and President Mahmoud “Mighty Mouse” Ahmadinejad aren't scrambling to give Obama a New Year's Eve smooch. Rather than cave in to our president's mighty rhetoric, the Tehran tyrants took a break from killing protesters in the streets to attempt to import more than 1,300 tons of make-a-nuke uranium ore from Kazakhstan. They've also increased their nuke-cooker centrifuge count, tested new long-range missiles… Original Article: Forum: News/Activism

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China head opens Kazakh pipeline

Filed in Gold Holdings, Gold Investing by on December 12, 2009 0 Comments

Chinese President Hu Jintao has unveiled the Kazakh section of a 7,000km (4,300 miles) natural gas pipeline joining Central Asia to China.Mr Hu was joined by Kazakhstan President Nursultan Nazarbayev during the inauguration in Astana on Saturday . T China head opens Kazakh pipeline

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RA’s Daily Russian News Blast – Nov 26, 2009

Filed in Gold Investing by on November 26, 2009 0 Comments

TODAY: Investigators deny knowledge of Magnitsky’s illness; protesters hold ‘funeral for democracy’; could YouTube complaint success lead to curbs?; Putin in France; customs union with Belarus and Kazakhstan; expat communities, violence against women.Irina Dudukina, speaking for the Interior Ministry’s Investigative…

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VIP Falls Behind Expectations – Analyst Blog

Filed in Debt, economy, Gold Investing, Gold Prices, Guidance, US Dollar by on November 25, 2009 0 Comments

VimpelCom ( VIP ) reported third-quarter 2009 earnings of 42 cents per ADS (based on an average exchange rate of 31.26 RUR/US$) that narrowly missed the Zacks Consensus Estimate of 44 cents. However, the result beat the year-ago earnings per ADS of 27 cents. The second-largest Russian telecom carrier reported quarterly net income of RUR13.5 billion (US$432 million), more than double the net income of RUR6.5 billion (US$208 million) reported in the year-ago quarter. This significant year-over-year growth is largely attributable to foreign exchange gains from a strong Russian ruble versus the US dollar. Operating revenue increased 3.5% year over year to RUR71.3 billion (US$2.3 billion) as growth across Russia, Kazakhstan, Uzbekistan and Tajikistan was partly offset by declines in Ukraine and Armenia. Revenue from the wireless operation was RUR60.7 billion (US$1.9 billion) while the fixed-line business generated revenue of RUR15.1 billion (US$483 million). Reported OIBDA of RUR36 billion (US$1.2 billion) reflects a year-over-year growth of 7%, yielding an OIBDA margin of 50.4%. The annualized growth reflects the company’s ability to reduce costs amid the volatile economic environment. VimpelCom is pursuing various strategies to maximize cash flow through several cost-control measures. The company’s total active cellular subscriber base grew by roughly 7.6 million year over year and by 1.7 million sequentially to 65.4 million. Its broadband subscriber base increased 11% sequentially to approximately 1.9 million. On a geographic basis, revenue from Russia increased 4.1% year over year to RUR61.2 billion (US$1.9 billion), representing roughly 86% of the company’s total sales. Mobile subscriber base in Russia grew 13.2% year over year to 51 million. VimpelCom added 174,000 broadband subscribers during the quarter, bringing the total customer base to 1.83 million. The results were supported by a resurgent Russian economy. Consolidated revenue from the CIS markets grew 3.9% year over year to RUR11.1 billion (US$355 million). Revenue from Kazakhstan (the largest CIS market) registered RUR5.4 billion (US$173 million), up 11.9% year over year. However, sales declined year over year in other key markets such as Ukraine (down 22.3%) and Armenia (down 3.4%). During the quarter, VimpelCom spent RUR3.8 billion (US$122 million) in capital expenditures (CAPEX). The company has revised its CAPEX guidance reflecting a stronger ruble versus the dollar. VimpelCom expects CAPEX to be in the range of 10%-12% of its 2009 annual sales. The company plans to lift capital spending by at least 50% in 2010 to support 3G network expansion. VimpelCom’s 3G services currently cover all regions of Russia. Β  VimpelCom repaid debt worth US$690 million during the third quarter. The company successfully reduced its net debt to US$5.5 billion at the end of the quarter from $…

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Saipem on new onshore contracts

Filed in Gold Investing by on November 13, 2009 0 Comments

MILAN, Nov 13 – Saipem SpA: * Says wins onshore contracts for 500 million EUR * Says contracts are in Austrialia, Kuwait, Italy, Canada and Kazakhstan more info click on COPYRIGHTsaipem spa …

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Saipem on new onshore contracts

Filed in Gold Investing by on November 13, 2009 0 Comments

MILAN, Nov 13 – Saipem SpA: * Says wins onshore contracts for 500 million EUR * Says contracts are in Austrialia, Kuwait, Italy, Canada and Kazakhstan more info click on COPYRIGHTsaipem spa …

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Russian spacecraft with circus tycoon, Russian and US astronauts lands safely in Kazakhstan

Filed in Uncategorized by on October 10, 2009 0 Comments

MOSCOW β€” The Russian Soyuz capsule carrying Cirque du Soleil founder Guy Laliberte and two other space travelers landed safely in Kazakhstan Sunday, ending the entertainment tycoon’s mirthful space odyssey. Laliberte, who wore a bulbous clown nose during his stay aboard the International Space Station, was extracted from the tiny Soyuz capsule Sunday morning following its

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