Moody's Investors Service has reduced its forward view for the average price of gold and silver in 2014 and beyond to $1,100/oz and $18/oz, respectively, in its assessment of global gold and silver producers. The rating agency had previously assumed the price of gold and silver would average $1,200/oz and $20/oz over the next couple of years.
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Following a year of significant network growth and expansion, MoneyGram (NASDAQ: MGI), a leading global money transfer and payment services company, has reached a company milestone and is now offering services in 200 countries and territories worldwide. The achievement follows new agreements with agents in Equatorial Guinea and Myanmar.
After acquiring an interest in offshore Madagascar earlier this year, OMV is taking the next step to build an exploration business in Sub-Saharan Africa. OMV signed binding agreements to farm-in with Ophir Energy, an independent exploration company listed on the London Stock Exchange.
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