InfoAnda - Mystery shrouds Patagonia sinking of gold laden ship

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Report: China sentences 25 kidnappers to death | 5 February 2010
Bus plunges down ravine in south China, killing 7 | 9 February 2010
Expert: China GM rice may be market-ready by 2013 | 24 February 2010

Three Companies Settle FTC Charges That Bamboo Clothing Not Bamboo | 12 August 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Mystery shrouds Patagonia sinking of gold laden ship

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Asia Pacific World Search Search: Mystery shrouds Patagonia sinking of gold laden ship AFP - Wednesday, March 18 BUENOS AIRES (AFP) - - It's a story of a ship that vanished off the coast of Patagonia with a cargo of gold and silver, but its ending remains shrouded in mystery. ADVERTISEMENT The Polar Mist was abandoned by its crew in a storm and sank earlier this year, but did the nine tons of gold and silver aboard worth more than 16 million dollars go down with it? "Nobody knows anything. There is something strange here, but nobody knows what. I've made inquiries everywhere: nobody knows," said John Wilson, the Argentine representative of the British insurance company Lloyd's. The mining group Cerro Vanguardia, which owns nearly all the gold and silver aboard the Polar Mist, has said the cargo was insured by Lloyd's. "The insurance company has confirmed to us they have every intention of recovering it. They will return the cargo and we will resume the shipment that was interrupted," said Jorge Palmes, president of Cerro Vanguardia. The cost of recovering the cargo, which went down in waters 75 meters (225 feet) deep, is estimated at three million dollars. It has to be done by the start of autumn in the southern hemisphere, March 21, for it to have a chance of succeeding. "We are not worried. If the insurance company recovers the cargo, we will recover the gold. Otherwise, we are insured," Miguel Angel Ferro, the president of Fomicruz, a Chilean company that belongs to Cerro Vanguardia. Despite those assurances, each day that passes brings a raft of new questions. Why was the sinking not disclosed until a month after it happened, following an investigation led by a federal judge in Santa Cruz, Gerardo Camano? The judge declined to comment on the case. The gold shipment's route also seems curious. Departing January 14 from Punta Quilla, Argentina, the Polar Mist was supposed to make a stop in Punta Arenas, a port in the southern end of Chile. From there it was to head north to Santiago, where the shipment was to be transferred by air to Switzerland. But a day's sail out of Puerto Quilla, the Polar Mist was overtaken by a powerful storm. Its seven member crew and one passenger asked the Argentine navy to rescue them. But the ship was left adrift for 24 hours until a Chilean tugboat, the Beagle, arrived on the scene. It tried to save the vessel, but failed. The Polar Mist sank 40 kilometers (24 miles) off the coast of Argentina. Was the cargo still on board? Only a salvage operation will tell. Meanwhile, there are a tangle of insurance companies involved. Cerro Vanguardia owns seven tons of the shipment, while the Triton mining company owns the remaining 2.48 tons, according to the Argentine customs. The Argentine company Secure Logistics contracted to transport Cerro Vanguardia's cargo insured it with an Argentine company for 16 million dollars. The Argentine company then re-insured it with Lloyd's. For its part, Triton insured its cargo with insurer Marsh for 1.6 million dollars. Argentina is the 15th largest producer of gold in the world and is on track to be among the top 10 by 2001, according to the ministry of mines, which says gold production is grew 6,000 percent between 2003 and 2008. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Entertainment & Lifestyle Made-to-order magazine lets readers chooseAP - Thursday, March 19 Author Pat Conroy entering SC Hall of FameAP - Thursday, March 19 First celebrity cast off of `Dancing'AP - Wednesday, March 18 Fredo Viola: from internet buzz to music storesAFP - Wednesday, March 18 'Slumdog Millionaire' to hit Chinese screensAP - Wednesday, March 18 Enlarge Photo Graphic with map of southern Chile and Argentina showing the sinking of the gold-laden Polar Mist, and details of the planned salvage operation Most Popular – Entertainment Viewed AIG storm rages in Washington Injured actress Richardson flown to US: hospital Miniature carnivore dinosaurs roamed North America Arrest warrant issued for Lindsay Lohan For sale: nagging wife, very high maintenance View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Wednesday, 18 March 2009
Israel to keep pressure on Gaza after talks stall | International |
Verdict in Austria incest trial expected Thursday | International |
Bashir to be held responsible for aid ouster: U.S. | International |
Nations line up to slam big powers' UN veto rights | International |
U.S. says Iran increasing activity in Latin America | International |
Apple fills some gaps with new iPhone features | Technology |
Google to roll out free tool to help save energy | Technology |
U.N. advises governments how to stop Internet drug peddling | Technology |
Expedia shares gain on Google takeover talk | Technology |
Discovery sues Amazon's Kindle | Technology |
Bob Dylan's toilet smell blows in the wind | Entertainment |
Andy Warhol's Wide World comes to Paris | Entertainment |
Opposition leader takes power in Madagascar | International |
Israeli PM says Hamas price for soldier too high
S.Korea warns of action if North blocks border again | International |
Iraq govt calls for death sentences to be ratified
U.N. official says U.S. demonizes Iranian leader | International |
Olmert: Israel rejects Hamas demands for soldier
Case packed with TNT found in Tibet capital: report | International |
AIG storm rages in Washington
Iraq Qaeda group slams Obama withdrawal as ploy
Japan to ready defense against North Korea rocket: Kyodo | International |
Injured actress Richardson flown to US: hospital
Israel-Hamas prisoner swap talks sink
Pope in Africa reaffirms no condoms against AIDS | International |
Act now on floods, drought, says forum
Israel says Gaza blockade goes on until soldier freed
Chavez readying artillery for Americas summit | International |
Iran: Leading candidate vows Islamic-based reform
Colombian FARC rebels free Swedish kidnap victim | International |
Blind Iraqi girl struggles despite offers of help
U.S. increases pressure on Sudan after expulsions | International |
Theory combats accepted wisdom on Dead Sea Scrolls
Iraq urges execution of Saddam-era officials
Act now on floods, drought, says forum
Apple unveils App options in iPhone software peek | Technology |
Top UN official says US demonizing Iran leader
Google updates Chrome Web browser to boost speeds | Technology |
Obama to name Sudan special envoy: official
Sun Micro takes on Amazon in cloud computing | Technology |
Seattle Post-Intelligencer dies, reborn online
US military deaths in Afghanistan region at 591
Group asks U.S. FTC to probe Google privacy safety
Chavez preparing 'artillery' for Americas summit
Discovery sues Amazon's Kindle
Beshir 'responsible' for deaths in Darfur: Clinton
New iPhone software has copy-paste, no Flash
Group asks U.S. FTC to probe Google privacy safety | Technology |
Apple unveils App options in iPhone software peek
St. Patrick's revelers in US fete all things Irish
Google News, EPA members in partnership agreement
Colombian rebels free Swedish hostage: official
Correction: Liberians-Waiting Game
U.N. advises governments how to stop Internet drug peddling
Moscow court refuses to stop Khodorkovsky trial
Study cautions against relying on Arab kingdom
McCain gives "Twitterview" to ABC
Google to roll out free tool to help save energy
Man held in China for posting conflict rumours: report
Nokia to cut another 1,700 jobs worldwide
Indonesia cleric detained for marrying 12-year-old
First sighting of humpback whale in Hong Kong
Lion shot after escaping Australian zoo enclosure
Natasha Richardson seriously hurt in ski fall | Entertainment |
SKorea to beef up security at overseas missions
Stacy Keach hospitalized | Entertainment |
8 foreign skiers rescued from Japanese slope
Official's pro-China claim causes uproar in Taiwan
Transformers 3 director corrects release date | Entertainment |
Chinese Premier Wen to meet NKorean premier
Stacy Keach hospitalized
DeGeneres to play Mother Nature in comedy | Entertainment |
US warns of drink-spiking in Tokyo bars
'Sopranos' creator David Chase returning to HBO
NKorea refuses US food amid missile standoff
Man held at Beijing airport with 87kg of marijuana
Huiyuan shares halted amid doubts about Coke deal
South Korea unemployment rises to 3.9 pct: govt
Richardson's family gathers near injured actress
China forex reserves drop 30 bln dlrs
Anoop Desai goes country, wows Cowell and company
SKorea expected to initial EU trade pact in May
DeGeneres to play Mother Nature in comedy
China Mobile profit expected to grow strongly
Natasha Richardson seriously hurt in ski fall
Coca-Cola may abandon China juice acquisition: FT
Venezuela rethinks cheap gasoline
Asian markets mixed after Wall Street rally
Stacy Keach hospitalized
Japan holds rates steady, boosts bond purchases
'Schooling Giacomo' teaches life-affirming lessons
S.Korea KAMCO to buy $876 mln savings banks debt
Review: Roberts and Owen crackle in `Duplicity'
SKorea says it will respond if North blocks border
LA dance company gets $20 million gift
Broadway theaters to dim lights for Ron Silver
NATO says 4,000 extra troops needed for Afghan poll | International |
NATO recommits troops for Afghan polls
Lebanese president rules out direct Israel talks | International |
Russia to decide on air defence for Iran: report
Austria's Fritzl admits murder and enslavement | International |
Pakistan dismisses report US may widen covert war
CORRECTED: Vatican defends pope condoms stand, criticism mounts | International |
British unemployment hits 12-year high
Israeli army uses PIs to spy on suspect dodgers
Man blows himself up in failed Yemen attack: source | International |
Green tea, mushrooms cut breast cancer risk: study
Iran's reformist challenger to Ahmadinejad
Fritzl changes plea to guilty to all charges
Sri Lanka war rages, more than 640 make boat escape | International |
Kabul bomb wounds three, 33 rebels killed
Kuwait to name crown prince as premier: reports | International |
Sudan's Bashir rallies Arab tribesmen in Darfur | International |
IBM in talks to buy Sun Microsystems | Technology |
Obama may visit Russia in July: report
In spite of hunger, NKorea refuses US food aid
Marvel, startup ink online gaming deal
Marvel, startup ink online gaming deal | Technology |
IBM in talks to buy Sun Micro: report
Maxis commits $10 billion to India mobile unit | Technology |
Sun Micro takes on Amazon in cloud computing
Ontario to help emerging tech firms raise capital | Technology |
Seoul rules out closing economic zone in North
Afghan leader warns against international meddling
China PM talks nuclear with NKorea premier
China cans Coca-Cola bid for juice-maker
Moderate quake hits off Indonesia: officials
Thai PM vows to slow drug trade within 6 months
Pakistan records c/a surplus of $146 mln in Feb
Japan steps up fight against economic downturn
Eni to double Pakistan output in 5-6 years
US urges citizens to avoid Tokyo nightlife area
Taiwan to conduct study on capital gains tax
Four bombs found in Thai govt stronghold: police
Thailand's exports slide for fourth month
Japan court rules nuke plant is quake-proof
China shares rise on commodity gains
Made-to-order magazine lets readers choose
40,000 Philippine seamen could lose jobs: official
Author Pat Conroy entering SC Hall of Fame
Asia, Europe markets edge higher after US rally
First celebrity cast off of `Dancing'
Pakistan's NBP says '08 net profit falls 18.8 pct
Mystery shrouds Patagonia sinking of gold laden ship
Sri Lankan economic growth cools in 4th quarter
Fredo Viola: from internet buzz to music stores
WRAPUP 2-S.Korea sheds most jobs in 5 yrs as slump deepens
Humble Dutch clog stands the test of time
'Slumdog Millionaire' to hit Chinese screens
"Transformers 3" director corrects release date
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01