Polish copper producer KGHM appoints new CEO

Posted on

WARSAW, June 22 (Reuters) – Poland’s state-run KGHM , one of the world’s biggest copper and silver producers, has appointed Marcin Chludzinski as its new chief executive, the company said on Friday. Chludzinski has been the head of the state-run Industrial Development Agency. Local media, including Puls Biznesu, had reported he was the front runner… Read More

Yukon junior adds to its gold and silver mineral resources

Posted on

Rockhaven Resources (TSX-V:RK) updated its mineral resources to 686,000 indicated and 507,000 inferred gold ounces at its Klaza project in central Yukon. Rockhaven says its updated mineral resource estimates incorporate results from approximately 13,300 m of in-fill and expansion diamond drilling completed subsequent to the 2015 mineral resource estimate, and utilizes results from recent metallurgical test… Read More

Former speaker Boehner earns a cool million on Arizona Mining Deal

Posted on

Image from CEO.ca John Boehner was second in the line of United States presidential succession as Speaker of the House (Republican, Ohio January 5, 2011 – October 29, 2015). Almost a year to the day after Boehner joined the board of directors of Arizona Mining (“Arizona”), a Canadian junior mining company developing a base metals project near… Read More

South32 buys Arizona Mining for US$1.8 billion

Posted on

Vancouver-based zinc miner, Arizona Mining, is being bought by South32 for US$1.8 billion in an all-cash offer. The offer price of C$6.20 per share represents a 50 per cent premium to the closing price on 15 June. The deal is currently proposed. Arizona Mining is recommending that its shareholders support the deal. Arizona Mining (TSE:AZ)… Read More

Mainstream media acknowledges China will likely compel Saudi’s to sell oil in RMB, causing major hit to dollar and Petrodollar

Posted on

In an interview on CNBC on Oct. 11, economist Carl Weinberg told the business network that China is going to compel Saudi Arabia to sell them their oil in the Yuan currency, which will have a serious consequence to the dollar and the Petrodollar system.
Beijing is likely to “compel” Saudi Arabia to sell crude oil in yuan, and others will follow, according to the chief economist and managing director at High Frequency Economics Carl Weinberg. This will hit the US dollar, he says. In an interview with CNBC Weinberg said China has become a key player in the oil market since overtaking the US to become the world's largest importer. Saudi Arabia has “to pay attention to this because even as much as one or two years from now, Chinese demand will dwarf US demand,”Weinberg told the media.
“I believe that yuan pricing of oil is coming and as soon as the Saudis move to accept it — as the Chinese will compel them to do — then the rest of the oil market will move along with them,” he added. A..