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Jun 7, 2010

From The Desk Of Nick Nicolaas: European Gold Centre - Mining in Europe - Raw Materials Declaration Should Lead the Way. June 7th., 2010

MINING IN EUROPE
a publication of
E U R O P E A N   G O L D   C E N T R E
Dear Reader:
Sorry for being late, but hereby attached is the May issue of MINING IN EUROPE in which you can find:
*** My EDITORIAL COMMENT in which I elaborate on the new Raw Materials Declaration which the European Union will present at the forthcoming European Minerals Conference in Madrid later this month;
*** The introduction of a NEW SUPPORTING COMPANY which has built a significant portfolio of gold and copper projects in BULGARIA, MACEDONIA and SERBIA; and is in a new phase of development. They have the potential to become one of the leading contenders in the developing region of South Eastern Europe. I am pleased to introduce EurOmax Resources Limited to you;
*** An extensive COMPANY NEWS section with the latest news from the SUPPORTING COMPANIES and several GUEST companies that I found worthy of mention;
*** In the FEATURED ARTICLE, I highlight one of the world's largest investors who goes for gold and has a large stake in a gold exploration company with the biggest undeveloped gold deposit in Europe;
*** the usual MINING INVESTMENT EVENTS IN EUROPE and NEWS ON MINING AND EXPLORATION IN EUROPE.
Enjoy your reading and don't hesitate to send me your comments and feedback!
Best regards,
Henk J. Krasenberg.

ABC NEWS : Global Financial Crisis : Speed of falling euro raises concerns. June 7th., 2010




GLOBAL FINANCIAL CRISIS



The 
euro dipped below $US1.19 briefly, before clawing back some ground.
The euro dipped below $US1.19 briefly, before clawing back some ground.

Speed of falling euro raises concerns Photo

Posted 9 hours 5 minutes ago
Updated 9 hours 4 minutes ago
The European Union's Economic Affairs Commission has voiced concern at the speed of the fall of the euro, as the common currency dropped below $US1.19 for the first time in over four years.

US jobs figures still weighing on markets

The disappointment over last week's employment data in the United States continued to cast a shadow over Wall Street last night.

Job ads rise, but slow down expected Video Photo

A private survey of job ads has improved again in May, with the number of jobs advertised more than 20 per cent higher than a year ago.

REUTERS: Daily Investor Update.- Wall Street drops as jobs data keeps buyers at bay. June 7tn., 2010



REUTERS: DAILY INVESTOR UPDATE



Wall Street drops as jobs data keeps buyers at bay
Apple unveils iPhone 4 to fend off Google
Goldman subpoenaed by financial crisis commission
Final act begins in Congress on Wall Street reform
Skin cancer drug news boosts Bristol shares
Fed's Yellen says headwinds to global recovery remain
OECD, Canada urge clear plans for cutting deficits
Providence to acquire MMC's Kroll in $1.13 billion deal
Banks asked about GM lending lines pre-IPO: report
Walgreen to shun new CVS Caremark drug plans


Wall Street drops as jobs data keeps buyers at bay
June 07, 2010 04:34 PM ET
NEW YORK (Reuters) - Stocks fell on Monday, led by industrials and technology as investors stayed on their heels after last week's payrolls figure discouraged buyers.

Full Article
Apple unveils iPhone 4 to fend off Google
June 07, 2010 03:48 PM ET
SAN FRANCISCO (Reuters) - Apple Inc's newest iPhone model goes on sale this month, as the company strives to stay a step ahead of a growing cast of rivals like Google Inc in the red-hot smartphone market.

Full Article
Goldman subpoenaed by financial crisis commission
June 07, 2010 03:16 PM ET
NEW YORK (Reuters) - A government commission investigating the 2008 financial crisis has served a subpoena on Goldman Sachs Group Inc after the bank flooded the panel with 2.5 billion of pages of digitized records.

Full Article
Final act begins in Congress on Wall Street reform
June 07, 2010 03:01 PM ET
WASHINGTON (Reuters) - Negotiators from the Senate and House will begin meeting this week to craft a final Wall Street reform bill, with banks facing changes that threaten their profits, if not their business models.

Full Article
Skin cancer drug news boosts Bristol shares
June 07, 2010 01:10 PM ET
NEW YORK/LONDON (Reuters) - Bristol-Myers Squibb Co's shares rose more than 8 percent on Monday after news over the weekend that its experimental drug ipilimumab extended survival in patients with deadly skin cancer.

Full Article
Fed's Yellen says headwinds to global recovery remain
June 07, 2010 03:02 PM ET
SAN FRANCISCO (Reuters) - The global economy is beginning to recover from the worst of the recent economic downturn, but "significant headwinds remain," San Francisco Federal Reserve Bank President Janet Yellen said on Monday.

Full Article
OECD, Canada urge clear plans for cutting deficits
June 07, 2010 04:24 PM ET
MONTREAL (Reuters) - Countries with big deficits must offer clear plans on how they will balance their budgets to maintain investor confidence and avoid problems seen in Europe, top economic policymakers said on Monday.

Full Article
Providence to acquire MMC's Kroll in $1.13 billion deal
June 07, 2010 04:02 PM ET
NEW YORK (Reuters) - Marsh & McLennan Cos Inc agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for $1.13 billion, less than what the insurance broker paid for it six years ago.

Full Article
Banks asked about GM lending lines pre-IPO: report
June 07, 2010 02:35 PM ET
NEW YORK (Reuters) - Morgan Stanley Chairman John Mack said that banks wanting to participate in the initial public offering of General Motors Co were being asked about lending lines for the ailing U.S. automaker.

Full Article