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Orinoco Striking Gold In Brazil

Orinoco Gold (ASX: OGX, Share Price: $0.087, Market Cap: $15m) is an emerging gold producer that we’ve been looking to introduce to our Portfolio for some time, based on its outstanding Brazilian project fundamentals. A catch-up at the Resources Round-up in Sydney with management provided reassurance and the perfect opportunity to introduce the stock to readers last week as a Spec Buy around $0.072 – with the stocks already up 21% on our buy-in price.

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Rio Secures Oyu Tolgoi Deal

Busy times for Rio Tinto (RIO) – while fighting off the silliest idea for a while from an Australian government – the Tony Abbott supported inquiry into iron ore – the giant miner has also put around $US1 billion of Australian and NZ based aluminium, alumina and bauxite assets on the market (again) and this morning revealed it had overcome a major hurdle to the expansion of its huge copper project in Mongolia.

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RBA Warns Against Dividend Boom

According to Reserve Bank Deputy Governor Phil Lowe, the trend of companies returning more cash to shareholders through higher dividends and share buybacks could be self-defeating, leading investors and savers to a situation where their returns are lower because of the current global trend to low interest rates. His warning should have special resonance in Australia.

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