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AuQ Gold Mining Inc AUQ


Primary Symbol: V.AUQ Alternate Symbol(s):  NSVLF

AuQ Gold Mining Inc. is a Canada-based mineral exploration company. It is engaged in the acquisition, exploration and development of mineral property assets in Canada. Its Lac Bruce lithium properties are located in the vicinity of the Mia Li-1 and Mia Li-2 lithium occurrences in the James Bay region of Northern Quebec. Its West Block comprises 61 claims covering over 3,150 hectares (31.5 square kilometers (km2)). Its Central Block comprises 46 claims covering over 2,380 hectares (23.8 km2). Its East Block comprises 26 claims covering over 1,340 hectares (13.40 km2). Its Partridge gold project is located in the Abitibi region of northwestern Quebec, over 25 kilometers (km) north-northwest of the town of La Sarre and 720 km northwest of Montreal. Partridge gold project comprises several claims’ blocks covering over 106 km2. Its Eliza is located in the James Bay region of northwestern Quebec, over 300 km north of Matagami, 500 km north of Val d’Or and 820 km northwest of Montreal.


TSXV:AUQ - Post by User

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Post by StocksMineron Nov 09, 2006 6:58pm
344 Views
Post# 11652615

Awesome implications Read

Awesome implications ReadChina Sanctions Shouldn't Be on Democrat Agenda: William Pesek By William Pesek Nov. 10 (Bloomberg) -- Perhaps it's just a coincidence that China put out its trade data in the midst of contentious U.S. elections. The timing was surprising and reminded investors that some rocky times lie ahead for both economies. China's trade trends have been even more eye-popping than usual. Its surplus surged to a record $23.8 billion in October as imports grew at the slowest pace in 15 months. It increases the likelihood that the U.S. and Europe will intensify demands for Chinese currency gains and more market access. Thickening the plot is a newly emboldened Democratic Party in the U.S., where George W. Bush's Republicans lost control of the House of Representatives and Senate. The question now is whether Democrats will stop threatening trade sanctions against China and just pull the trigger. It could well happen given the state of the U.S. economy, particularly as 2007 approaches; many economists expect slower U.S. growth next year. Sanctions would be dreadful for the global financial system, and U.S. politicians must tread with care. ``China and the U.S. now have Schumer to fear,'' says Charles Dumas, a director of Lombard Street Research Ltd. in London. The reference here is to New York Senator Charles Schumer, a Democrat who has been pushing for tariffs on Chinese goods amid charges it artificially keeps an undervalued yuan to make exports cheap. Along with South Carolina Republican Lindsey Graham, Schumer wants a 27.5 percent levy on imports from China. Rough Times Ahead? Do you really want to mess with folks to whom you owe $340 billion? That's the value of U.S. Treasuries that China owns. Were it to dump them suddenly, prompting other Asian nations to follow suit, the world's biggest economy would be in for a rough time. Sure, let's not exaggerate the potential effect. The U.S. economy is 5.6 times bigger than China's, it prints the world's main reserve currency and its per-capita income dwarfs China's. And pulling the rug out from under the U.S. would be a pyrrhic victory for China. If rates shoot higher, U.S. consumers will be buying fewer of the made-in-China goods creating tens of millions of jobs for the Asian nation's 1.3 billion people. Even so, one wonders how wise it is to wag your finger at a country that has the upper hand on your monetary policy. It's important to note two things here. First, a stronger yuan won't fix U.S.-China trade imbalances. Second, the U.S. needs China, and vice versa. China needs U.S. investment and for consumers to keep consuming; the U.S. needs China to hold down costs for everything from money to goods to services. The U.S. also needs China's help in dealing with North Korea's nuclear ambitions and fighting its war on terror. Asia's Rise It's easy to see where Schumer and others are coming from. Aside from disenchantment with the Iraq war, many U.S. voters are disillusioned with an economy that Republicans call strong, and are frustrated with stagnant wages and rising debt. Here, beating up on a distant, ascendant nation -- even better, a Communist one -- may seem the obvious solution. Schumer also may be hip to where the anti-globalization movement is headed. It used to be poor nations railing against inequities created by the free movement of goods, capital and people. Now, rich nations that benefited from the phenomenon in the 1990s are feeling the heat and starting to rebel. It's coming as quite a shock to U.S. executives to see Asians who produce cheap goods for the West now dominating market share. There's no getting around the reality that more and more U.S. jobs, especially white-collar ones, will be moving to China, India, Vietnam and elsewhere in the Asia-Pacific region. Symbiotic Bond Drawing a line in the global sand with China may seem like smart economic policy to newly empowered Democrats in Washington. It's not. Doing so would shake up the uniquely symbiotic relationship between the U.S. and China. They are arguably the two most- watched economies and it's becoming harder to discern where one ends and the other begins. It's fitting that this week's U.S. elections coincided with estimates that China's currency reserves reached $1 trillion. Standing between a stable U.S. economy and one mired in crisis are Asia's vast dollar holdings. They keep interest rates low so that the U.S. can manage massive current-account and budget deficits. The U.S., let's remember, has built a huge and productive economy, but Asia holds the mortgage. That's not to say President Bush's Republicans have handled Asia well; they have pretty much ignored it. When Bush has focused on Asia, it has been all terrorism all the time. Fighting terror is important, though it is hardly the main issue on Asian minds. Most care far more about raising living standards. Fresh Opportunity Now that Congress is changing hands, the U.S. has a fresh opportunity to articulate a more attentive and nuanced policy toward Asia. It can start by not putting all the blame on the region for a lack of U.S. jobs. It also can help resurrect the five-year-old World Trade Organization negotiations, known as the Doha Round. Doing so would be a boon for Asia and for U.S. multinational companies, which would have greater access to those markets. That will be more difficult if the U.S. imposes sanctions on China. No one will win from increased animosity between two economies of vital importance to global prosperity. (William Pesek is a Bloomberg News columnist. The opinions expressed are his own.) To contact the writer of this column: William Pesek in Tokyo at wpesek@bloomberg.net .
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