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Celebrate Spring

August 31, 2011 by ·

Wine and nature lovers, and families, can celebrate spring at the Botriviera Spring Festival, which features gastronomy, tastings and entertaining activities, as well as local artists and more.

The festival line-up this year begins with the Winemakers Selection on September 9 at the Kol Kol Mountain Lodge in Bot River.

Winemakers will showcase their wines alongside culinary delights.

Tickets cost R100.

Email info@kolkol.co.za

Throughout the weekend participating wine estates and restaurants will announce their involvement by placing pink barrels at their entrances. [Read more...]

Filed Under: Destinations, Nature, Tourism, Travel ·

Australia’s Gold Production Jumps 10% On Record Prices

August 30, 2011 by ·

Australia’s gold production increased 10% year-on-year in the 2011 financial year, as new operations came into production and old mines were reopened on the back of soaring bullion prices, Surbiton Associates director Dr Sandra Close reported.

In its latest quarterly production figures, Surbiton stated that Australian gold production for the three months to June had increased by 5% to 68 t, or 2.1-million ounces, compared with the 65 t produced in the previous quarter.

Gold output for the full year totalled 270 t, an increase of 24 t on the previous financial year. [Read more...]

Filed Under: Mining, Precious Metals ·

Geologists Study Energy Source Underground

August 29, 2011 by ·

Geologists and energy experts say that using heat from the earth as a power source, and to heat and cool houses and businesses, might prove to be a clean-energy alternative for Ohio and other states.

To determine whether it will work, state geologists are using a $21.9 million grant from the U.S. Department of Energy to look for geothermal prospects throughout the country. Exploration efforts include studying underground temperatures, heat flow and thermal conductivity of rocks to determine whether geothermal energy is the right answer.

“Every state has potential,” said Lee Allison of the Arizona Geological Survey, who is principal investigator for the three-year study. [Read more...]

Filed Under: Ecology, Energy, Environment, Research & Study ·

The Estimation You Have Been Looking For

August 28, 2011 by ·

If you participate in the reverse mortgage program, take note that before you get started sharing your information into the calculator, you should know that its outcome is only an estimation and not designed to give you a true representation of the interest rate, payment amount and overall loan amount you can expect to receive. One thing you should know also is that the reverse mortgage loan is definitely not for all. It may surprise you to hear a reverse mortgage lender saying this but it is true. As such, information generated through any reverse mortgage calculator is an estimate and is not a definite determination in the reverse mortgage program.

Nevertheless, the reverse mortgage calculator does not qualify as an offer or a reverse mortgage loan nor is it an official loan disclosure. Luckily, many of the financial lenders for reverse mortgage loans have made available a reverse mortgage calculator which allows you to gain the estimation you have been looking for. For sure you’ll be pleased with the whole process and with everyone involved here at allrmc.com, you’ll also find that they are priced better than their competitors. And having been established credible contacts in the industry over the period of years, you can take advantage of the best reverse mortgage programs available that suits your needs.

Filed Under: Business, Economy ·

Gold Mine Worth £9 Billion Discovered In Germany

August 28, 2011 by ·

A massive seam of pure gold worth at least nine billion pounds has been discovered in one of the poorest regions of eastern Germany.

The precious metal was found nearly 4,000ft down in Lausitz region where one-in-five are jobless.

Eight hundred miners have already been called to sign on for jobs and there are estimates that double that number could soon be on the payroll, the Daily Mail reports.

The KSL mining company also struck the intended copper-bearing rock laden with an estimated 2.7 million tons, as well as lesser deposits of silver and platinum. [Read more...]

Filed Under: Ecology, Environment, Precious Metals ·

Arab Stocks Lacklustre On Global Woes, Ahead Of Muslim Holiday

August 27, 2011 by ·

Major Arab stock markets extended losses this week as investors remained wary of steps being taken to shore up the ailing world economy and evade a double-dip recession, financial analysts said Friday.

They also pointed out that the weak performance of regional stock exchanges preceded a long holiday in the Middle East marking the Eid al-Fitr feast which heralds the end of the Muslim fasting month of Ramadan, due to come to a close either on Monday or Tuesday.

‘I believe Arab markets, particularly in the oil-rich Gulf area, will continue to monitor what measures being taken to give a hand to the US and European economies,’ Nizar Taher, chief of brokerage at the Jordan Ahli Bank, told German Press Agency dpa. [Read more...]

Filed Under: Investments, Stock Market ·

Oz Firm To Invest $116m In Tanzania Coal

August 26, 2011 by ·

Australia’s Intra Energy Corporation (IEC) plans to invest $236 million in Tanzania’s first privately funded coal mine and a coal-fired power plant to reduce nation’s reliance on hydro power, its chairman told Reuters on Wednesday.

IEC Executive Chairman Graeme Robertson said mining was expected to begin in the coming week, with the first consignment of coal expected in September.

The mine was projected to expand its output to 500,000 tonnes a year by 2013 – with a long-term maximum output capacity of 5 million tonnes a year, he said.

IEC’s local unit in east Africa’s second largest economy, Tancoal Energy, had already spent $23 million on exploration and initial development costs of the Mbalawala mine, in the south-west of Tanzania, Robertson said. [Read more...]

Filed Under: Coal Mining, Industry, Investments ·