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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (65077)8/10/2010 5:13:12 AM
From: elmatador  Respond to of 219453
 
Miners to Invest $62 Billion in Brazil Through 2014

New operations that helped boost the previous figure include several small gold mining projects, a new iron pelletizing unit, a vanadim mine and a copper project.

Miners to Invest $62 Billion in Brazil Through 2014
August 9, 2010

RIO DE JANEIRO (Reuters) - Mining companies will invest a record $62 billion in Brazil through 2014, the country's mining industry associating said on Monday, boosting a previous forecast of $54 billion for the same period.

"It's a new record," said Paulo Penna, president of the mining group IBRAM that represents private companies in Brazil.

New operations that helped boost the previous figure include several small gold mining projects, a new iron pelletizing unit, a vanadim mine and a copper project.

Penna said mining exports in 2010 should reach $25 billion, $20 billion of which will come from iron ore. Mineral imports will reach about $6.5 billion, with minerals used for fertilizers making up about $3 billion of that.

Brazil's mining sector has expanded in recent years as rising prices driven by strong demand among developing nations has boosted prices for minerals, particularly iron ore.

(Reporting by Denise Luna; writing by Brian Ellsworth; Editing by David Gregorio)

Copyright 2010 Reuters News Service. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.



To: Canuck Dave who wrote (65077)8/11/2010 12:51:57 AM
From: TobagoJack  Respond to of 219453
 
we need, as in have life / death imperative for qe2

just in in-tray

player 1: BN) U.S. Is Bankrupt and We Don’t Even Know It: Laurence Kotlikoff noir.bloomberg.com

player tj: my message to professor laurence kotlikoff, "surrender to the truth" is not an approved phrase in the language of usa officialdom, and they intend to resist the trend to the last paper dollar of every single elecorate. the leadership by the people and for the people is making as sure as possible that all electorates shall be gathered together within the grasp of the homeland, fully accounted for, totally tallied, and then just tee-ed up, in chreographed fashion and under the fog of spin.

when a drug-clouded sports car driver can neither turn left nor veer right to avoid the rapidly on-coming truck, he can choose to cme to a rapid and full stop, to lessen the certain impact by 50%, or step on the accelerator and gun the engine, hoping a miracle would happen.

the entire several generations of usa electorates, in aggregate and on average, certainly by the leading majority, along with their representatives selected by process that favor lawyers, actors, spinners, sinners, scripture-swayers, and occasional small town mayors and larger city teachers, especially the common place obama this and even the singular palin that, are thoroughly and systemically conditioned for soggy miracles, because they do not and cannot understand hard mathe.

above take, imo, would be the prudent wager, underpinning allocation to pileplatinum for simple inflation, and hedged by getgold, for hyper-inflation / diaper-deflation, all again hedged by secret retreats and any number of escape ways, guarding against the truly outrageous the probabilities of which are no longer effective-zero.

watch n brief.

player 2: Illinois is broke.

They owe companies more than $3 Billion at present.

Each company now has "accounts receivable" rather than "cash."
Hope they make good, or there are going to be some significant writeoffs!

For example, they owe Walgreens over $74 million.

“These are the organizations that the State of Illinois owes $100,000 or more as of July 22, 2010, according to the Office of the Illinois Comptroller. For many small businesses and social service agencies, the delay in state payments has been ruinous. Illinois owes nearly 2,000 organizations $100,000 or more.”

illinoisisbroke.com

ANOTHER UPDATE: Reader David Tulka writes: “I copied the page into a spreadsheet and ran some math. The outstanding total is $3,176,751,338.20?

player tj: all problems can be fixed by the simple expediency of adding a zero to all monies

the least resisting path is more often than not the most taken way

this time shall not be the exception

doing otherwise is unthinkable, and so would not be thought about