Articles related to El Salvador
Nathan Lewis - New World Economics
  The Silver:Gold Ratio, 1687-2011 
We have something special this week: the open market value of silver, compared to gold, over a period of over three centuries. The location is London. For a long time, silver and gold were, in a sense, two versions of the same thing, just like one dollar bills and twenty dollar bills are today. Their ratio of value was not perfectly stable, like the 20:1 ratio of $1 bills and $20 bills, but it was quite stable between about 16:1 and 15:1. Both silver and gold ser
Friday, March 27, 2020
Chris Powell - GATA
Venezuela urged to save itself by becoming a U.S. colony
* * * One Idea to Stop Venezuela's Downward Spiral: Switch to the U.S. Dollar By Patrick Gillespie CNN, Atlanta Tuesday, March 13, 2018 Venezuela's currency, the bolivar, lost nearly all its value last year as the country spiraled into an economic crisis. One solution gaining popularity: Get rid of the bolivar and replace it with the U.S. dollar. The idea is called dollarization. Ecuador, El Salvador, and some small island nations have done it. Now it could be coming to Venezuela, widely conside
Tuesday, March 13, 2018
Ronan Manly - Bullion Star
Bullion Banks pass the parcel on El Salvador’s gold reserves
Eighteen months ago I wrote a short synopsis of a gold sales transaction by the central bank of El Salvador wherein it had sold 80% (about 5.5 tonnes) of its official gold reserves. The title of the post was “El Salvador’s gold reserves, the BIS, and the bullion banks“. If you thought, why the focus on the Banco Central de Reserva de El Salvador (BCR), it’s not a major player on the world gold market, you’d be correct, it’s not in its own right that important. However, the point of the article w
Tuesday, October 25, 2016
24hGold - Publicnow
PEA: Completion of Largest Hybrid Power Station in Australia
407b1ca1-4cb2-458d-87bc-f64ada1a4397.pdf 370.1M 7.0M 233MW 6MW 8 June 2016 COMPLETION OF LARGEST HYBRID SOLAR/BATTERY/DIESEL POWER STATION IN AUSTRALIA Pacific Energy Ltd (ASX: PEA) and its subsidiary Pacific Energy (KPS) Pty Ltd ("KPS") are pleased to advise that Sandfire Resources Ltd (ASX: SFR; "Sandfire"), a major long term customer of KPS, has announced the successful completion of the $40m DeGrussa Solar Power Project, which includes integration with the existing KPS diesel power
Wednesday, June 8, 2016
24hGold - Publicnow
DeGrussa Solar Project
Microsoft Word - 8 Jun 16 - DeGrussa Solar Project ASX Announcement 8 June 2016 DEGRUSSA SOLAR PROJECT SUCCESSFULLY COMMISSIONED New $40M solar power station in steady-state operations Highlights Construction of the $40M DeGrussa Solar Power Project has been completed with the plant recently commissioned and now in steady-state operating mode. The project involved the installation of 34,080 solar PV panels and associated site electrical work, allowing incorporation of the 10MW
Wednesday, June 8, 2016
24hGold - Publicnow
Los Andes Announces The Final Assay Results From The 2015-2016 Drill Program At The Vizcachitas Deposit
RESULTS SUPPORT PRESENCE OF HIGHER GRADES IN THE CENTRAL CORE AND CONFIRM NEW GEOLOGICAL MODEL Vancouver, BC - Los Andes Copper Ltd. ('Los Andes', or the 'Company', TSX Venture Exchange: LA) is very pleased to announce the final assay results from the current 2015-2016 diamond drill program. These demonstrate that the higher grades identified near surface extend below the historical drilling and supports the new geological model. Cautionary Statement: All thicknesses from intersections from
Friday, April 1, 2016
Nathan Lewis - New World Economics
Blame Benjamin Strong
Here's something I've been meaning to get to for a long time. Let's look at the description of the supposedly disastrous "inflation" of the 1920s, as described by Murray Rothbard in America's Great Depression (1962), and see if it makes any sense at all. Rothbard was characteristic of a great number of "classical"-leaning economists who felt obligated to describe the Great Depression as basically a monetary event. I don't think it was. Th
Sunday, January 31, 2016
24hGold - Noodls
DeGrussa Solar Project Update
88e66f8d-f3f3-4ca5-97f9-0a633ae6c22e.pdf ASX Announcement 1 December 2015 CONSTRUCTION OF DEGRUSSA SOLAR PROJECT ON TRACK Installation of solar panels underway with site construction activities well advanced Highlights Construction of the $40M DeGrussa Solar Power Project has now been underway for more than four months, with site activities well advanced. Installation of the steel posts is complete, with site electrical work also well progressed to allow connec
Monday, November 30, 2015
The Gold Report
How to Spot Buyout Clues in Today's Resource Market
What if you could tell before a press release comes out that a company is poised to be bought out, possibly at a nice premium? Sounds good, right? By watching historic patterns, that might just be possible. The Gold Report reached out to experts who have been around through enough cycles to know and asked for the clues they watch that an acquisition might be imminent. From location and early investment to derisking levels, you just have to know what to look for to position yourself for a liquidi
Monday, November 2, 2015
Ronan Manly - Bullion Star
How many Good Delivery gold bars are in all the London Vaults….including the Bank of England vaults
Each year in June, the Bank of England publishes its annual report which quotes financial data up to the end of February (its financial year-end). The Bank’s annual report also states the amount of gold, valued at a market price in Pounds sterling, that it holds under custody for its customers, which comprise central banks, international financial institutions, and LBMA member banks. The Bank of England as gold Custodian In 2014, the Bank of England stated that, as at 28th February 2014, it held
Monday, September 7, 2015
24hGold - Noodls
DeGrussa Solar Power Project Construction
Sandfire Resources NL ABN 55 105 154 185 Level 1, 31 Ventnor Ave, West Perth Western Australia 6005 Phone: +61 8 6430 3800 Fax: +61 8 6430 3849 Email: [email protected] /* Wednesday, July 15, 2015
Chris Powell - GATA
El Salvador sells 80 percent of its gold reserves for U.S. dollars
El Salvador's central bank sold about 80 percent of its gold reserves last month to diversify risk and take advantage of the metal's appreciation, a central bank official said on Friday. The country, which has been dollarized since 2001, sold 5.412 tons of gold for $206 million, which will go into the bank's reserve portfolios to protect it against market volatility. ... ... For the remainder of the report:
Wednesday, April 29, 2015
Chris Powell - GATA
Ronan Manly: El Salvador's gold reserves, the BIS, and the bullion banks
Gold market researcher and GATA consultant Ronan Manly has studied El Salvador's recent liquidation of most of its gold reserves and concludes that it is likely a small example of what the governments of bigger countries are doing surreptitiously in the gold market. Manly writes: "The case of the El Salvador gold sales demonstrates that central banks can and do use the gold depositing facilities of the Bank for International Settlements and the gold-lending services of London Bullion Market Asso
Monday, April 27, 2015
24hGold - Noodls
"El Gobierno colombiano si cumple los compromisos internacionales" Juan Manuel Santos
"La justicia transicional es un tema de vital importancia para Colombia dijo el presidente de los colombianos. Bogotá D.C., abril 24 de 2015 (Prensa Presidenta Comisión DD.HH Senado). La senadora Olga Lucía Suárez, partido Conservador, y Los funcionarios de la comisión que ella preside, asistieron al 52 periodo extraordinario de sesiones que realizó la Corte Interamericana de Derechos Humanos en Cartagena, en la cual se realizaron cuatro audiencias y dos seminarios. El evento inició en la U
Friday, April 24, 2015
24hGold - Noodls
Sale of Water Division
NEWS RELEASE, 23 APRIL 2015 SALE OF WATER DIVISION Antofagasta plc is pleased to announce the sale of Aguas de Antofagasta S.A. (ADASA), its water division, to Empresas Públicas de Medellín (EPM) for a total cash consideration of CLP 596 billion or approximately $960 million before taxes and transaction costs. The sale is subject to certain standard conditions and the approval of Empresa Concesionaria de Servicios Sanitarios S.A (ECONSSA), the grantor of the water concession, and is expected
Thursday, April 23, 2015
24hGold - Yahoo
CEMEX Latam Holdings to Report First Quarter 2015 Results on April 23, 2015
BOGOTA, Colombia--(BUSINESS WIRE)-- CEMEX Latam Holdings, S.A. ("CLH") (CLH.V), announced today that it will report its first quarter 2015 results on Thursday, April 23, 2015. CLH will host a conference call and webcast presentation on this same date at 11:30 AM ET to discuss these results. The live presentation can be accessed at, or interested parties may access the audio-only conference call by dialing +1 847 585 4405 and ente
Friday, April 10, 2015
24hGold - Noodls
Mirasol reports that First Quantum Minerals has relinquished its option over the Rubi project in Northern Chile
April 02, 2015 Mirasol reports that First Quantum Minerals has relinquished its option over the Rubi project in Northern Chile View PDF VANCOUVER, BC, April 2, 2015 -- Mirasol Resources Ltd. (Mirasol) (TSX-V: MRZ, Frankfurt: M8R) has been advised by First Quantum Minerals Inc. (First Quantum) that it has relinquished its option to earn up to 75% of the Rubi project in the Eocene -- Oligocene porphyry belt of northern Chile. First Quantum is exiting prior to the first earn-in point as
Thursday, April 2, 2015
Jesse - Le Cafe Américain
UK Journalist Calls Out 'Fraud on Readers' in Coverage of HSBC
“An editorial operation that is clearly influenced by advertising is classic appeasement. Once a very powerful body know they can exert influence they know they can come back and threaten you. It totally changes the relationship you have with them. You know that even if you are robust you won’t be supported and will be undermined... The coverage of HSBC in Britain's Daily Telegraph is a fraud on its readers. If major newspapers allow corporations to influence their
Tuesday, February 17, 2015
24hGold - Noodls
Total and SunPower Celebrate Completion of 70-megawatt PV Salvador Solar Plant in Chile
One of the World's Largest Operating Merchant Solar Power Plants SANTIAGO, Chile , PARIS and SAN JOSE, Calif. , Jan. 23, 2015 /PRNewswire/ -- Total (CAC: TOTF.PA) and SunPower Corp. (NASDAQ: SPWR) announced the completion of the 70-megawatt PV Salvador project, one of the world's largest operating merchant solar power plants. Chilean Minister of Energy Máximo Pacheco and executives from Total and SunPower attended the inauguration event today in El Salvador in Chile's Atacama Desert. "As on
Friday, January 23, 2015
24hGold - MarketWired
Cornerstone Initiates Exploration on its Miocene Project, Northern Chile
MOUNT PEARL, NEWFOUNDLAND--(Marketwired - Nov 4, 2014) - Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") (TSX VENTURE:CGP) (GWN.F) (GWN.BE) (CTNXF) announces that it is initiating an exploration program on its Miocene project located in Northern Chile through its Chilean subsidiary Minera Cornerstone Chile Limitada (MCCL). HIGHLIGHTS: Regional compilation work completed. Review and integration of data from previous surveys and from surrounding properties. Definition of lar
Tuesday, November 4, 2014