User talk:Misti Mathis

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_______________________________ ... www.corp.ca.gov/ENF/pdf/2010/BrownD_DR.pdf

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" www.usarinc.com

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.

Learn more about this article and USARINC at http://www.usarnews.blogspot.com/2012/03/our-environmental-efforts-green-mining.html or visit www.usarinc.com

India’s love affair with gold stretches back for many generations.
http://www.wallstreetdaily.com/2012/03/20/india-duty-on-gold-imports/

The Economic Downside to India’s Love of Gold 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.

For more info on this story and USARINC visit http://www.usarnews.blogspot.com/search?updated-min=2012-01-01T00:00:00-08:00&updated-max=2013-01-01T00:00:00-08:00&max-results=7

Or go to www.usarinc.com

Toronto Stock Market and American Consumer Confidence
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.

Other data which showed that U.S. home prices fell in January for a fifth straight month in most major U.S. cities, as modest sales increases have yet to boost prices. The Standard & Poor’s/Case-Shiller home-price index shows prices dropped 0.8 per cent in January from December in 16 of 19 cities tracked. The tepid performance on markets comes after indexes in Toronto and New York netted strong gains and the greenback weakened Monday after U.S. Federal Reserve chairman Ben Bernanke said that the U.S. job market was still weak despite three months of job gains in excess of 200,000. Bernanke’s comments were a strong indication that the central bank is prepared to keep its low-interest rate policies in place for some time to come despite the recent signs of economic growth. Traders also interpreted his remarks to suggest that the Fed could launch another round of buying bonds. The Fed has already embarked on two rounds of bond-buying, most recently in late 2010, known as quantitative easing. The mere thought that a third round of bond-buying, dubbed QE3 by industry insiders, might be possible was all it took for markets to respond. Commodity prices also responded positively to Bernanke's comments. The May crude contract on the New York Mercantile Exchange added to Monday's modest gain, up 52 cents to US$107.55 a barrel. But the energy sector dipped 0.22 per cent with Cenovus Energy (TSX:CVE) down 31 cents to $36.27. The base metals sector was ahead 0.6 per cent with copper prices down a penny at US$3.88 a pound after jumping eight cents Monday. Teck Resources (TSX:TCK.B) gained 48 cents to $36.37 and First Quantum Minerals (TSX:FM) dipped 11 cents to $19.09. The gold sector edged up 0.1 per cent as bullion prices added to Monday's $23 rise, up $8.10 to US$1,693.70 an ounce. Iamgold (TSX:IMG) added five cents to $13.39 while Goldcorp Inc. (TSX:G) rose 35 cents to $45.59. Lower railway stocks helped take the industrials group down 0.28 per cent with Canadian Pacific Railway (TSX:CP) down five cents to $78.86 after earlier hitting a fresh high of $79.29. The railway is holding an investor day in Toronto. Executives hope to convince investors that they shouldn’t be replaced. CP’s largest shareholder, New York hedge fund Pershing Square Capital Management, has expressed displeasure with the railway’s performance in recent years. It is pushing to elect six proposed directors who are in favour of ousting current chief executive Fred Green and replacing him with Hunter Harrison, the former head of rival railroad Canadian National (TSX:CNR). CN shares lost 44 cents to $79.96. In corporate news, pipeline builder Enbridge Inc. (TSX:ENB) is investing $3.8 billion in a new round of construction to bring oilsands crude to the U.S. Gulf coast and help ease a bottleneck that has led to a glut of supply in the Midwest. It will expand its Flanagan South Pipeline from Flanagan, Ill. to Cushing, Okla. to a 36-inch diameter line with a capacity of 585,000 barrels per day. Enbridge also said it will twin a jointly owned Seaway Pipeline from Cushing to the U.S. Gulf Coast at Houston. Enbridge shares gained 27 cents to $38.50. Mining company Rio Tinto PLC says it is examining options for potentially disposing of its diamond businesses. Rio Tinto operates a diamond mine 300 kilometres northeast of Yellowknife. It also has mining operations in Australia and Zimbabwe and has a diamonds project in India. Harry Kenyon-Slaney, chief executive of the company’s diamonds and minerals division said the company was reviewing whether diamonds fit with its strategy of operating large, long-life, expandable assets. British Columbia miner Copper Mountain Mining Corp. (TSX:CUM) booked $44.7 million of revenue in its fourth quarter, bringing the total for the year to $66.5 million. It’s the first year that Copper Mountain has booked revenue from operations. The Vancouver-based company had $5.6 million of net earnings attributable to shareholders, or six cents per share, for the quarter ended Dec 31. For the full year, the net loss was $12.7 million or 13 cents per share and its shares dropped 26 cents to $4.47. European bourses were mixed with London's FTSE 100 index down 0.47 per cent, Frankfurt's DAX gained 0.06 per cent and the Paris CAC 40 slipped 0.71 per cent." http://www.usarnews.blogspot.com/2012/03/httpwww.html#more