Mine Fued

Mongolia now wants a bigger stake for gold and copper mines with companies Rio Tinto and Ivanhoe.

The Oyu Tolgoi mine is now being forced by the government to increase its stake after a signing of a contract in 2009, the ministers of finance and minerals have put the go ahead for the outcome just to increase profits. 

At the moment both Canada’s and Australia’s top mining companies (Ivanhoe and Rio tinto) are both working on the billion dollar mine, but public and public service people are demanding that more is put into the project to increase the stake.

34% is owned by the Mongolia but people want more than 50% to be given to Mongolia, the new statements have said that this is fair and there is no need to go over the demand.

Cameron Mcrae, the chief executive officer said “the investment agreement gives Mongolia the benefits of ownership, while not requiring the government from having to put up any money up front,”

The mine produced over 1.2 billion pounds of copper and over 650 thousand ounces of gold, which is one of the most talked about mines for the buy gold sites.

The change is undergoing but still yet to be given permission .

The Soaring Cost of Car Insurance

If you're a motorist you may prefer not to read this. Car insurance premiums have soared throughout the past couple of years that can only benefit insurers with hefty profits. The Admiral Insurance group, owners of Confused.com, Elephant.co.uk and Diamond, have recently reported a 27% increase in pre-tax profits in the first half of 2011 due to a small part of rising car insurance premiums. Premiums helped the insurance firm achieve all new record results, with turnover rocketing to a whopping 53% to £1.1 billion for the starting six months. With Admiral’s performance the company's chief executive, Henry Engelhardt, could hardly hide his happiness, stating: "it wasn't so long ago that we were pleased to report over £1 billion turnover for a full year."

That delighted that he has chosen to give each and every member of staff £1,500 worth of free shares in the company.

Fuming Motorists

While the chief executive of Admiral and its staff are extremely impressed, anyone in the public who has tried to renew their car insurance, or in an even worse situation, has just purchased their first motor insurance policy recently, might see this and other companies increase in profits a kick in the teeth. You don’t have to be an economist to work out that the cost of insuring a car has climbed at an alarming rate over the past couple of years. Information from Confused.com's own index, the average cost of a comprehensive car insurance policy is now £858, increasing by £170 on top of last year. And those prices show no sign of settling: in the second quarter of this year, prices increased yet again by an average of 25% compared to the same period in 2010.

Not just Young Drivers Affected by This

All motorists are affected by this price increase, from new road users who will expect to 'pay a premium' on their premiums, to drivers who have earnt no claims and expect to see their annual premium fall year on year. Passing your driving test today at 17 and you can expect to pay almost £3,000 a year, on average. Only 18 months ago they would have been expected to pay less than two-thirds that sum. But young drivers are not the only ones to suffer - almost all drivers have seen huge premium rises. Perhaps even more bizarre, a woman aged around 40 and 49 will have experienced her annual premium rise by an explosive 40% to around £595 a year over the same period. The average annual cost of running a car is now around £3,000 a year, 21% higher than 12months ago. The big question is why are the car drivers, again still the ones getting the short end of the stick?

Personal Injury Claims and Uninsured Drivers

Insurance are blaming the massive hike in premiums directly at uninsured drivers, fraudulent insurance claims and the rapid rise of personal injury claimants. Vital statistics do tend to back this evidence up. While the Department for Transport statistics have shown the number of accidents involving car drivers has fallen by 10% in the past three years, the number of claims of an injury sustained in a car accident has increased around 43%. Director of AA Insurance Simon Douglas stated a corrupt element within the motoring community is definitely to blame, at least some parts, for the increase in insurance premiums across the board. "Beneath the waterline there is a serious culture of insurance crime that must be stopped." He also claims that there are false, exaggerated personal injury claims that have also played a key role in adding to the woes of anyone looking for a competitive car insurance premium. "It's vital that the industry strongly gets the message over that there will be no hiding place for those who attempt to rip off their insurance company." New figures have been released from the Association of British Insurers (ABI), detected fraud amounts to a whopping £17.5 million per week - an increase of 9% over last year. Many insurers believe this is just only the start: accountancy firm Deloitte calculated that motor insurer’s lost £2 billion industry-wide as claims outdid income from car insurance premiums. Nick Starling from ABI says initiatives to reduce the activities of the more wayward firms who tout for claimants to come forward even if they have been injured or not, are a necessity. "Putting the brake on ambulance-chasing lawyers and claims management firms cannot come a moment too soon. Motorists have rightly had enough of paying for excessive legal costs, which add an extra 10% to the cost of motor insurance."

The Uninsured adding on top of the High Prices

Uninsured drivers add to the honest motorist's woes. In 2010 the police confiscated more than 150,000 cars that were being used without valid insurance. Tougher measures are being put in place to reduce such activity including the establishment of a dedicated police fraud unit and a new industry-wide fraud database with insurers being given full access to the database. Continuous Insurance Enforcement (CIE) law, which makes it a criminal offence to keep an uninsured vehicle, unless it has a Statutory Off Road Notification (SORN) or is exempt, has been welcomed by The British Insurance Brokers' Association (BIBA). It’s a giant step as it makes it an offence to keep an uninsured car, let alone the major offence of driving one without insurance. Clamping down on uninsured drivers and car owners should help drive costs down; with figures indicating honest motorists pay an extra £500 million in premiums because of uninsured drivers. Under a new legislation, warning letters are posted to registered keepers identified as having an uninsured vehicle. Any prosecutions made under the CIE are in added on to the existing offence of driving without valid insurance, and are planned to be an added deterrent for errant car owners. Graeme Trudgill from BIBA claims it is "a big step forward for the industry".

Will We Ever See premiums fall again?

If all the above statements the insurance giants have promised are followed, we should see premiums start to decrease once again. And small signs of that may already be evidence of it working. The AA's latest Insurance Premium Index stated that annual premiums for all of the UK’s drivers increased by 'just' 3.6% in the second quarter of this year 2011 – making it the lowest quarterly rise in the past 18 months. This is something trending across the board with insurers reporting the motor insurance market may now be "flattening out". Although, anyone needing to renew their annual policy in the next few months will still probably be  faced with a substantial climb in their renewal premium, seeing as though prices have risen so rapidly over the preceding months. The message is clear: shopping around will get you the chance of finding the best deal. Motorists are able to make significant savings on their premiums by doing so - even if savings still don't quite bring the price you pay in line with last year's premium this time.

What exactly is serious illness cover?

Sometimes serious illness cover is confused with critical illness insurance and the two may also be then further confused with something called Accident Sickness and Unemployment insurance.

Here are a few answers to questions relating to these types of cover.

What is critical illness cover compared to serious illness cover?

Both these forms of insurance seek to provide protection against the financial consequence arising from you being diagnosed with a serious/critical illness.

There is no need to consider the exact medical definitions between the use of terms such as critical or serious - what is important is to understand that critical illness cover compared to serious illness protection typically differs in two major respects:

• you may find that a policy providing serious illness cover offers protection against a longer list of conditions;

• typically, a serious illness policy will pay out multiple times if you are diagnosed with various qualifying illnesses over the term of the policy - a critical illness policy will typically only pay out once.

Which would pay out the largest amount?

That is purely related to the nature of the policy (of either type) you have selected and paid for.

How do they pay out?

Once again, the precise conditions will be highlighted on the quotation and associated policy but typically payments are by virtue of a lump-sum.

There may be the requirement for additional medical assessment in some cases.

Why won't existing Accident and Sickness insurance be sufficient?

It may or may not be - it simply depends upon the type of policy it is and what conditions it covers - plus, of course, what your requirements are.

Some sickness insurance is short-term cover aimed at providing a monthly payment if you are unable to work for a period due to ill health or an accident etc. The payments typically last for 12 months or perhaps 24 in some cases.

However, the provisions of such cover may not be sufficient to help you cope with the potentially life-changing circumstances of becoming critically ill. There you may need a substantial and lump-sum payment - which is why serious illness insurance exists.

Does that mean I'll require multiple forms of cover?

Only you can decide what insurance you and your family may require, however, it is important to note that things such as serious illness insurance, sickness cover and life insurance, all cover different risks and circumstances.

Can you combine insurance?

Possibly - that depends upon the insurance provider.

For example, you may be able to have combined life insurance and serious illness cover. In such cases though, you may typically find that you could only claim once - you could not, for example, claim for serious illness then your loved ones claim again sometime later if you were unfortunate enough to die from the condition.

The Ultimate Solution for Bad Credit Car Loans

Bad credit loans concerning cars are ideally for people with a poor credit record and are also looking for a loan for a car. This is becoming more and more common these days, however, it is not dire as it may first seem. It may take a little effort, but you can definitely improve it. These loans are produced specifically for people in this situation.

This is a great way to improve you credit rating whilst still getting money for a car, but while it may be tempting to stretch a little beyond your budget, you must resist otherwise it may make your credit record worse.

In order to get one of these bad credit loans, you must have a continuous income in order to pay off the loan, as well as the interest that will be on top. Obviously, the best way to get an income is from your job, and this looks kindly on obtaining the loan. A job is one area that lenders look at together with your current credit score when deciding whether or not to approve your loan.

Another way to improve your chance of the loan is by making a major down payment early on, and throughout the time of your loan. These can depend on the type and model of the car that you have decided upon.

Obviously a poor record for your credit will go against you in your application for the loan, but there are always other options. There are a lot of lenders that are able to negotiate the finance aspect of the loan as many lenders are competing for the custom.

This will all lead towards the purchasing of your dream car, and hopefully your life will become a lot easier with a bad credit car loan.

The Ultimate Solution for Bad Credit Car Loans

<a href=" http://loanswithbadcredit.co.uk"> Bad credit loans </a> concerning cars are ideally for people with a poor credit record and are also looking for a loan for a car. This is becoming more and more common these days, however, it is not dire as it may first seem. It may take a little effort, but you can definitely improve it. These loans are produced specifically for people in this situation.

This is a great way to improve you credit rating whilst still getting money for a car, but while it may be tempting to stretch a little beyond your budget, you must resist otherwise it may make your credit record worse.

In order to get one of these bad credit loans, you must have a continuous income in order to pay off the loan, as well as the interest that will be on top. Obviously, the best way to get an income is from your job, and this looks kindly on obtaining the loan. A job is one area that lenders look at together with your current credit score when deciding whether or not to approve your loan.

Another way to improve your chance of the loan is by making a major down payment early on, and throughout the time of your loan. These can depend on the type and model of the car that you have decided upon.

Obviously a poor record for your credit will go against you in your application for the loan, but there are always other options. There are a lot of lenders that are able to negotiate the finance aspect of the loan as many lenders are competing for the custom.

This will all lead towards the purchasing of your dream car, and hopefully your life will become a lot easier with a bad credit car loan.

Real Estate Short Sales: The Approval Process

You’ve made the difficult decision that a real estate short sale is the best way out of bad situation.  Now you will need to navigate the short sale approval process. 

Your first step should be to seek out a professional real estate agent with demonstrated experience working with short sales. Like many professions, special certifications are available for those that want to work in a particular niche.  For real estate professionals in the field of short sales, two certifications are available, the SFR (Short Sale and Foreclosure) and HAFA (Home Affordable Foreclosure Alternative) Short Sale certification. The best suited agent for your needs will have this specialized training, will actively work in the area your property is located and possesses firsthand knowledge of the real estate trends and issues specific to your area.

Next, the process of gathering and preparing the necessary documentation begins. This documentation is a critical step, so you will need to contact your lender and get their specific instructions and follow those instructions to the letter.  Your documentation will make your case to the lender, and should present clear, compelling reasons why the short sale is the best solution. An important component of your documentation will be the Hardship Letter, a personal and factual appeal you write to your lender that details the financial difficulties of your present situation and ties together all your supporting documentation  The letter should also convey the seriousness with which you take your responsibilities as well as the earnest effort you have made to remedy the situation without success. When all the necessary documentation has been assembled, it is mailed or faxed to the lender’s Loss Mitigation Department according to the lender’s instructions.

Once the proposal has been submitted, there will often be a period of negotiation between the lender and borrower, but provided all the necessary documentation was provided with the initial proposal, a decision on the short sale should not take more than thirty days. However, a final decision could take longer if additional documentation is needed or if there is a backlog of applications ahead of yours.  Depending on the presence of additional lien holders or insurers, however, you should be prepared for quite a bit of back and forth as the parties all do their best to ensure that the solution offered is the best possible for the circumstances. Once approved, you will need to act quickly in order to finalize a sale and pay all proceeds to the lender, usually closing on the sale of the house within 30 days.

When short sale has been completed, you may still be left with responsibility for paying the difference between the sale amount and the amount owed, and arranging an equitable and manageable arrangement for this balance will be the final steps in the process. It is possible that your lender will forgive the remaining balance, but that should be established during the negotiations.  Once the sale is completed, however, you will be in a position to begin taking real positive actions towards improving your situation, having avoided the severe credit implications of foreclosure and ultimately retaining more control over the remaining debt burden.

Tracey Louis likes to research and write about changing market conditions and has been an active real estate investor in several Southwestern states for several years.

The Road To Your Dream Role In Finance

It is highly likely that you will mention the term “career in finance,” the majority of the people listening will automatically think of accounting. While that is understandable, it is important to stress that there are many career fields in finance aside from accounting. This article discusses several of them, noting what they entail, as well as the education needed to obtain one of these degrees. In doing so, it will broaden your understanding of the field and may very well serve as prompt for you to look into a particular area further.

Many different careers can be pursued by individuals interested in finance. Corporate finance, public finance, banking, and consumer finance are four that are highly popular. Within each of these categories there are several subcategories, but an overall view of each is adequate for this discussion.

When businesses want to raise funds to expand, typically they assign that task to corporate financial officers. Similarly, government entities constantly need to repair their resources: one of the most common areas that we are all aware of is their work on roadways. When the budget lacks sufficient funds for these tasks, public finance officers are given the job of raising them.

Because money is the mainstay of banks, they have several finance positions. A bank manager, for instance, is given the task of overseeing the operations of one or more branches. Banks also have a wide array of lending officers, some assisting businesses, others geared to consumers.

Speaking of consumers, consumer finance holds a vast array of opportunities. Those engaged in it help individuals find the proper loans for their realty and other property, construct a savings and investment plan suitable to them, and offer counselling on managing risk.

Of the above categories, education has been most widespread for individuals with financial careers in banking. Indeed, some of the financial officers in banks have little formal education aside from a high school diploma and training courses, often given by the bank that employs them.

For most of the other positions, a college education is a necessity. Though there are specific courses for the major one is pursuing, the following courses are typically required for all finance majors, despite the specialty: 1) budgeting, 2) economics, 3) financial management, 4) risk management, and 4) general accounting, often including taxation.

Once you have obtained the degree desired, your opportunities are vast. Banks, credit unions, government entities, and a whole slew of businesses are constantly replacing or adding to their list of employees in finance. Also, there are several websites on the Internet which list such positions, allowing you to locate work from the comfort of your own home.

If you’re interested in pursuing a job in finance, visit http://www.badenochandclark.com

Why Is The Pound Still Failing?

Financial studies show that the sterling is in free fall. The pound is still trying to recover over its worst fall since 1985 (lowest level against the dollar). The Bank crisis and Britain’s increasing debt has managed to scare financial advisers but also the sterling, which has gone in to hiding. By simply analyzing what was happening in the same period last year, we can say that the economic crisis is far from being over.

The falling pound is not only worrying the British but also some of the richest countries in the world. So much so that the sterling was on the agenda of the G7 summit. Finance ministers all around the Europe are facing some troubled times but if they cannot count on the power of the Euro and the Sterling, then all fights are as good as lost. This is why the French finance minister has asked the Bank of England to start supporting and backing up the pound.

The last performance of the pound is actually said to have been worse than that in 1985, when Ronald Regan’s economic boom triggered the dollar to rise. The reality is that Britain’s recession is also the cause of the weak pound which is left to struggle in these financial troublesome times. Investors have also stared to be worried as it seems that the public debt is soaring which can lead to a downgraded credit rating , determining the Government to borrow more money at a more expensive rate.

With the recent troubles regarding Greece’s almost declared incapability of staying afloat we can say that the future of the sterling is indeed looking very gloom. The high unemployment rate, the increasing debt and the fact that more than one European country has its economy shattered is putting high pressure on the pound, making it virtually impossible to recover to the way it was.

Outside investors fear that the British economy is going to be profoundly affected by the economic turmoil that has taken over Europe. The latest rescue package instead of reassuring people and investors alike has only increased worries because of the bank shares that are tumbling. Also, big time investors are urging people to sell their sterling savings in order to mange to save some of their wealth.

Europe is facing some hard times ahead and all of this can be seen in the economy reports that are beginning to look more and more like horror tales. Without a good rescue plan, all bets could be off as far as the pound is concerned but there is still a chance so all we have left is hope for the better and start investing in something more reliable.

What Makes A Vinyl Banner Stand Out?

The world of advertising is fascinating in every angle you look at it. Taking into consideration the multitude of products and services that are offered today, it is safe to presume that all business owners invest a lot in advertising. But what can ensure the success of an advertising campaign? The answer to this question is quite simple: a good marketing strategy.

In the world where almost everyone wants to sell or to buy something, the rate of competitiveness is quite high. Therefore, in order to make sure that you make a profit out of your business you have to have a successful advertising campaign. The person that takes care of any advertising campaign is the marketing director. Today there are many ways in which a business can be promoted from the use of online banners, to TV commercials and outdoor banners.

Vinyl banners in particular are a very effective way to make sure that any advertising campaign is a success. If your business offers services or products meant for mass distribution and not only for a niche segment, then a full scale advertising campaign is needed. The places where the vinyl banner is set up plays a crucial role for your business.

Any good marketing director knows that you will have to study the market in advance in order to find out what are the preferences of your target segment. When you own, for instance, a pharmaceutical company and you have just launched a new anti-flu medicine, you know that you will have to be present in those places where people are most likely to notice you. Therefore placing a vinyl banner in a crowded area such as a subway station where people are trying to stay away from the other commuters that have the flu, will definitely boost your sales.

The quality of the vinyl banner is also another important aspect that cannot be neglected. When you choose a high end advertising mean such as this type of banner, you should know that people are more likely to notice you faster. The human mind catalogues all the items that it encounters taking into consideration the first visual impact. Beautiful images displayed in an attractive and catching way, will determine people to catalogue the item advertised as worthy of being sought after or (in the best case scenario) bought. In outdoor advertising, the visual impact measures that success of this particular segment of the campaign. Choosing high end, good quality banners to promote your business instead of second hand ones, will surely give you a boost in front of the competition. So, next time you are looking to start an outdoor advertising campaign, make sure that you opt for vinyl banners.

What Is An Average Wage?

Money has always made the world go round, irrespective of the form it chose to present itself in. But when we are talking about the economy of a country we are also referring to the average wage. So how can this average wage be explained exactly?

Things couldn’t be more simple. When we are talking about the average wage of a group of people we are referring to the mean salary of those people that work in a specific area or country. The wage is carefully monitored by the Government of that country and it represents the benchmark level for all the wages.  Some people might say whole heartedly that the usefulness of this economic tool is practically inexistent as there are countries where the average payment is extremely low but some individuals con their way into receiving more payment that others. Therefore, we could say that some are “more equal than others”.

Such a measurement is used in many countries across Europe and it is also used in the UK by the Office for National Statistic and also by the Scottish Low Pay Unit. Some officials in these countries, in UK in particular, make it a rule not to accept wages that are higher than the average wage of the country. The basic idea behind this practice is that politicians are meant (at least by principle) to serve the country and not to earn money for themselves. The high wages of politicians only come from the taxpayers’ contributions therefore taking money from the taxes would not be fair at all.

In some countries there are other facts that are taken into consideration when the average wage is calculated. For instance, those that don’t have higher education have a lower average wage than those with higher education. This economic tool can be considered a measurement for the financial state of a country also. When the average wage is low then we can clearly assume that the economy of that respective country is not doing very well. The highest average wages can be found in America, Luxembourg and Switzerland. UK is only situated on the 7th position.

Taking into consideration the troubled financial times that we live in today, it is safe to presume that most countries across Europe have lowered their average wage, to the torment of the citizens. However, even with all these changes one can say that having a job is much better that facing unemployment.

Is Gold The Way Forward?

The world we live in today is full of uncertainties, staring with the employment rate and ending with the safest investments. All throughout Europe the economies seem to be failing and more and more people have started to be concerned about the future. So how can we put a stop to our concerns? This difficult question has a surprisingly simple answer: gold.

This precious metal has been around for centuries and centuries and even today, it is considered one of the safest investments that one could make. When you are investing in gold, you can be sure that your future is secure. Gold is an international “currency” that can be traded all over the world at any time of day or night. When all other currencies fail, gold prevails, like it has always done.

Investing in gold has become easy and accessible to all those that are willing to diversify their portfolio and place their money into a secure commodity. There are numerous ways in which one can invest in gold, starting with gold bullion or coins and ending with gold shares or even jewelry. The type of investment you choose to make is totally up to you.

The price of the glittering metal has been on an upward trend and it has also been stable in its climb. It is safe to presume that gold will never lose it financial power due to many reasons. One of the most important being the fact that there is only a limited amount of gold in the world and no one has come up with a way to fabricate more-as in the case of currencies. When a country starts printing more and more money, inflation rises and therefore the currencies lose their value. All financial advisers and analysts know that when this happens the price of gold will rise. So, those that have managed to invest in gold up until that moment, will surely make a serious profit. Still, time is not lost and opportunities to invest in the glittering metal are still many.

People are not the only ones that are investing in gold, but Central Banks are doing this also. This is a common practice in the economic world and it seems that people have picked up on it. Banks are actually backing up their currencies with large quantities of gold. Last year alone, China and India managed to buy most of the amount of gold put on sale by the International Monetary Fund. And if two of the biggest countries in the world are doing this, why wouldn’t we? It is clear that gold remains one of the safest ways forward.

Going For Gold

We live in troubled times when the economies seem to fail us one by one. More and more countries are facing serious debt, great unemployment rates and very unhappy people. Currencies are starting to lose their value and people are now facing an important question: how can we save our wealth? Investing in gold has been a common practice for many years, but in the last period more and more people are turning to the glittering metal for safety.

Gold has been around for as long as we can remember but in the past only some of us invested in the precious metal. Today, however, things have changed completely and the marked has become more friendly with anyone who is interested in saving their wealth. The opportunities to invest in gold are countless: staring with investing in gold bullion, gold coins, gold shares and so on.

Some might wonder where the precious metal can be bought from. First of all people should know that there are various businesses where people can make safe purchases from and very reasonable prices. However, before making an investment, check the market and find out at how much gold is being traded. Being well informed is the first step to making a safe and profitable investment.  But gold can be bought from other places as well such as vending machines. So, if you are ever passing through Germany or Dubai, make sure that you purchase a little gold bar from one of the special vending machines. The gold sold is 100% real but the price might be a bit high for such a special souvenir.

The gold market is open to any investor, regardless of the social status, workplace and so on. When you have some money and you would like to diversify your portfolio then investing in precious metals is surely the best option. After a long period of forbidding its citizens to invest in gold, the Chinese government is now encouraging the people to invest at least a part of their salary in the glittering metal. So, it goes without saying that if China, one of the biggest economic powers in the world is investing in gold, so should we.

But not only people invest in gold. Central banks all over the world purchase the yellow metal in order to back-up their currencies. Nothing is more valuable than gold and nothing has been so steady on the market as this precious metal. Investing has become easily accessible and it can be done without any hardship from your part. Therefore, if you were looking to invest in something to protect your assets then you have found the right commodity to do so!

Beat the Energy Blues

Just as we are all cutting down here there and everywhere, we are told that gas bills are likely to rise by 15% by the end of this year. British Gas are the leaders on this price hike, but as usual, all other major suppliers are probably going to follow. However, always the one to try and buck the trend are the Co-op, and they have vowed to challenge the top 6 energy giants, and make their energy tariffs very easy to understand.

                Not only this, but they promise to source their energy from renewable sources such as wind and hydro-electricity. This together with the fact that are no shareholders, which in turn means their profits get divvied up between their customers giving 1.8p per £1 back to their customers, could mean a shift in power of energy suppliers.

                There are already a few energy suppliers out there that provide 100% of its energy through renewable sources, such as Good Energy, but in general, these are more expensive than the generic supplier. No matter how much people want to be “carbon conscience”, saving money will always come first. So this maybe something for the future, but at least someone is trying to make a difference.