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April 2, 2014

#China’s #Cofco cements agribusiness ambitions with $1.5bn #Noble deal #AgriBusiness @FT

Under the deal, Cofco – or China National Cereals, Oil and Foodstuffs Corp – will take a 51 per cent stake in Noble Agri from Noble Group in an all-cash transaction. The deal values Noble Agri’s equity at 1.15 times 2014 book value.



Read the article online here:  China’s Cofco cements agribusiness ambitions with $1.5bn Noble deal - FT.com


April 1, 2014

#Natixis If last year’s mass exit from gold ETPs was followed this year by sales from #silver ETPs... we could see silver prices fall to an average of $15/oz in 2014 and $10/oz in 2015 @Mineweb

At 19,700 tonnes, the amount of silver held in physically backed ETPs (exchange traded products) is equivalent to almost 80% of 2012’s mined output. If last year’s mass exit from gold ETPs was followed this year by sales from silver ETPs, this could rapidly turn into a substantial new source of supply just as happened with gold last year. Under these scenarios we could see silver prices fall to an average of $15/oz in 2014 and $10/oz in 2015."



See the whole story on Mineweb: Natixis warns of extra risks to silver price over gold - GOLD NEWS - Mineweb.com Mineweb





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