2012 - all mines cashflow positive, page-24

if you need some encouragement from the macro side

FYI

Feb. 14, 2012, 10:15 p.m. EST
EU's Van Rompuy thanks China for crisis response


By MarketWatch
BEIJING (MarketWatch) -- European Council President Herman Van Rompuy said Wednesday that Europe greatly appreciates China's response to the European debt crisis.

"We highly value China's confidence," he said.

Speaking at an exhibition on the euro following the EU-China business summit, Van Rompuy said Beijing's expressions of support were the key outcome of the top-level gathering in the Chinese capital.

"Many of the problems we face are shared with China," he said. "No economy can solve its problems alone."

On Tuesday, Premier Wen Jiabao expressed support for Europe and said the continent is one of China's main investment destinations as the country diversifies its foreign exchange reserves.

Chinese officials have stopped short of offering any specific new proposals for investing in Europe or buying European assets, however.

Dow Jones Newswires

and also ...

Feb. 14, 2012, 9:48 p.m. EST
China's central-bank chief upbeat on euro crisis

By MarketWatch
BEIJING (MarketWatch) -- People's Bank of China Gov. Zhou Xiaochuan Wednesday gave the euro zone a vote of confidence, saying he believes the challenges it faces can be solved.

Speaking at an exhibition on the euro in Beijing with European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, the Chinese central bank governor said he fully supports monetary measures taken by the European Central Bank during the crisis.

China plans to streamline and expand investment in Europe, he said.

Zhou also repeated recent statements by Chinese Premier Wen Jiabao that China will become more involved in efforts to resolve the crisis through mechanisms such as the European Financial Stability Facility.

At the same event, Barroso praised the trend of European integration, saying it is "inseparable" from the future of the euro.

Europe is moving toward a fiscal union, while the ECB is ensuring that banks have liquidity, he said. At the same time, it is important not to forget the importance of growing the economy and creating jobs, he added.



*** PLS DYOR

good luck to all