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Daily Dispatches
Ecuador lifts mining bans on Kinross, Corriente
Submitted by cpowell on Tue, 2009-03-17 22:55 Section: Daily DispatchesBy Pablo Gaete
Business News Americas, Santiago, Chile
Tuesday, March 17, 2009
http://www.bnamericas.com/news/mining/Govt_officially_lifts_mining_ban_o...
Canadian miners Kinross Gold and Corriente Resources have received official letters from the Ecuadorian government lifting their mining bans and allowing them to resume operations immediately.
Investment firm buys 11% stake in AngloGold Ashanti
Submitted by cpowell on Tue, 2009-03-17 22:41 Section: Daily DispatchesBy Saijel Kishan and Thomas Biesheuvel
Bloomberg News
Tuesday, March 17, 2009
http://www.bloomberg.com/apps/news?pid=20601080&sid=amv2YqPURyNI
Paulson & Co., the New York-based investment firm run by John Paulson, bought a stake in AngloGold Ashanti Ltd. from Anglo American Plc for $1.28 billion as hedge funds increase their gold holdings.
Crisis changes central bank reserve management
Submitted by cpowell on Tue, 2009-03-17 22:30 Section: Daily DispatchesBy Jamie McGeever
Reuters
Tuesday, March 17, 2009
http://www.reuters.com/article/ousiv/idUSTRE52H02420090318
LONDON -- Global financial turmoil has had a "major" impact on the reserve management policies of two thirds of central banks and almost all are rethinking diversification tactics, a survey showed on Wednesday.
Barrick to pay $24 million to settle fraud lawsuit
Submitted by cpowell on Tue, 2009-03-17 13:21 Section: Daily DispatchesBy Joe Schneider
Bloomberg News
Tuesday, March 17, 2009
http://www.bloomberg.com/apps/news?pid=20601082&sid=a1Rspdod3FLI&
Barrick Gold Corp., the world's biggest gold producer, will pay $24 million to settle a lawsuit in which investors claimed the company misled them by saying a hedging program didn't hurt profits as gold prices rose.
IMF urged to flood world with global super-currency
Submitted by cpowell on Tue, 2009-03-17 10:30 Section: Daily DispatchesBy Edmund Conway
The Telegraph, London
Monday, March 16, 2009
http://www.telegraph.co.uk/finance/financetopics/recession/4986287/IMF-p...
Got Gold Report notes 'shocking' short concentration in silver
Submitted by cpowell on Mon, 2009-03-16 18:58 Section: Daily Dispatches6:48p ET Monday, March 16, 2009
Dear Friend of GATA and Gold (and Silver):
Barrick settles securities fraud lawsuit over hedging
Submitted by cpowell on Mon, 2009-03-16 18:45 Section: Daily DispatchesBy Joe Schneider
Bloomberg News
Monday, March 16, 2009
http://www.bloomberg.com/apps/news?pid=20601082&sid=a1OX8PmX9Q.s&
Barrick Gold Corp., the world's biggest gold producer, agreed to settle a lawsuit alleging it misled investors by claiming that its hedging program wouldn't hurt profits as gold prices rose.
Al Korelin interviews GATA's Adrian Douglas on gold
Submitted by cpowell on Mon, 2009-03-16 16:52 Section: Daily Dispatches4:49p ET Monday, March 16, 2009
Dear Friend of GATA and Gold:
Al Korelin's weekly radio program, the Korelin Economics Report, has interviewed GATA board member Adrian Douglas, editor of the Market Force Analysis letter, about why Douglas thinks gold will continue to rise. You can listen to the interview here:
Bank of England warns of fevered tension in banking system
Submitted by cpowell on Mon, 2009-03-16 16:05 Section: Daily DispatchesBy Edmund Conway
The Telegraph, London
Monday, March 16, 2009
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4996806...
Tensions in the financial system are approaching the fever pitch they reached before the collapse of Lehman Brothers last October, the Bank of England has warned.
Ted Butler: Crunch time for silver?
Submitted by cpowell on Mon, 2009-03-16 14:55 Section: Daily Dispatches2:51p ET Monday, March 16, 2009
Dear Friend of GATA and Gold (and Silver):
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