Tuesday, March 27, 2012

RE: Securities & Exchange Commission SEC

California Department of Corporations-Order Withdrawing Desist ...

Dated: July 13, 2010. Sacramento, California. PRESTON DuFAUCHARD. CaliforniaCorporations Commissioner. By_______________________________ ...

California Department of Corporations-Order Withdrawing Desist and Refrain

In 2006 The Department of Corporations and the Securities and Exchange Commission (SEC) received a complaint from Scott Spooner alleging illegal sale of securities and other omissions of fact. At the time Scott Spooner filed the complaint he was attempting to steal mining claims from IER. IER filed against Spooner in the Superior Court, Maricopa County Arizona.

The California Department of Corporations (CA DOC) issued a Desist and Refrain Order against 
IER based on Scott Spooner's complaint.

Shortly after the CA DOC issued the Desist and Refrain, IER prevailed on it's motion for Summary Judgment in International Energy and Resources, Inc. v Spooner, et al, Superior Court, Maricopa County Arizona. The Court found in favor of IER to its claims for Quiet Title, Constructive Trust, and Breach of the Duty of Good Faith and Fair Dealing, premised upon the competing mining claims held by Mr. Spooner (a former consultant of IER) that clouded title to certain of IER's mining claims. In it's decision the court held, in part, that (1) Mr. Spooner's competing mining claims were void as a matter of law, (2) Mr. Spooner breached his duty of good faith and fair dealing to his employer IER by usurping IER's opportunity to obtain the mining claims at issue, and (3) Mr. Spooner's affirmative defense relating to allegedly illegal sales of securities was dismissed.

In addition the Securities and Exchange Commission investigated International Energy and Resources, Inc. (IER), U.S. American Resources, Inc., and John Owen "against whom we do not intend to recommend any enforcement action by the commission"


Our Environmental Efforts: Green Mining

What if we could mine natural resources in the U.S., protect the environment, and create jobs for Americans? We can, by following strict guidelines for environmental stewardship as well as practices for the protection, reclamation and enhancement of the environment, we are proving that green mining is not only responsible, but can also be profitable.

We go beyond that which is required. Here are some of the ways we establish a "Green Mining" Plan:

• Cooperating with established environmental permit programs to protect storm water from polluting substances and reduce impacts to air quality

• Working to protect and salvage cacti and other native plants

• Developing reclamation plans that outline methods for re-contouring, stabilizing, and re-vegetating areas disturbed by mining and mineral processing in a timely fashion, so that these areas do not become legacy problems for future generations

• Looking for innovative engineering and process management approaches for mineral extraction (cyanide leaching) that contain and neutralize potentially toxic substances, and make it possible to have “zero-discharge” operation

• Using solar power to pump a well that can produce water for mineral processing, thus making it possible to reduce the consumption of community water

• Evaluating office and operations buildings for energy conservation and options for solar and other renewable energy supplementary approaches

• Treating water from mine dewatering to be used for other purposes such as dust suppression

• Conducting biological evaluations of major properties to determine how to best conduct operations to minimize impacts on native flora and fauna

• Conducting historic and archeological resource surveys of major properties to determine how to conduct operations to minimize impacts to these cultural resources, which is important in a history-rich area like Arizona.

Below is a photo of an on-site mobile solar panel unit used by USAR, Inc. The unit is designed to power a water pump that can de-water mine shafts and help to recycle rain water that has collected in those shafts. It is necessary to de-water shafts so we can gain access to potential target areas as well as have the ability to recycle that water for use in keeping dust down and or processing waste material.

TORONTO - The Toronto stock market was little changed Tuesday amid rising prices for oil and gold while data showed a slip in American consumer confidence.
The S&P/TSX composite index added 6.32 points to 12,581.1 while the TSX Venture Exchange rose 3.59 points to 1,584.98.
The Canadian dollar was down 0.19 of a cent to 100.7 cents US following a jump of about 3/4 of a cent on Monday.
U.S. markets were weak as the U.S. Conference Board reported that its index on consumer confidence edged down to 70.2 in March, from an upwardly revised 71.6 in February, which was in line with expectations.
"Consumers’ perceptions of the present situation continued to improve, but future expectations were weaker with rising gasoline prices potentially weighing on confidence," said CIBC World Markets senior economist Andrew Grantham.
The Dow Jones industrial average slipped 6.2 points to 13,235.43.
The Nasdaq composite index was up 7.52 points to 3,130.09, and the S&P 500 index climbed one points to 1,417.51. 

Tuesday, March 20, 2012

India's Love of Gold


The Economic Downside to India’s Love of Gold
India’s love affair with gold stretches back for many generations.
And it’s not just alluring as a store of investment value. For Indian culture, the yellow metal is a sign of high status, affluence and prestige.
Simply put, the more gold you can wear and own, the better.
It’s why the country is the world’s biggest gold buyer, importing over 900 tons of gold each year. Much of it goes to its thriving jewelry industry, with the World Gold Council stating that Indian jewelry demand for gold totaled 567.4 tons in 2011, versus 366 tons worth of investment demand.
Now you might think that the furious gold bull market over the past few years – and the massive runup in prices – would have deterred Indian gold buyers.
Not so.
Despite predictions of a flat year, if not a slowdown, India snapped up a record 969 tons of gold last year – a slight increase from 2010.

Thursday, March 15, 2012

National Mining Association

"Mining operations employ almost 350,000 people nationwide - and pay their employees 38% more per year than other industries, on average. The average mining industry employee has 20 years of experience. The modern miner must be qualified and competent to operate some of the largest and most complicated machinery used by any industry."