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Algeria: GMA actions taken in the gold mine of Tamanrasset

Yet when we are talking again of Algeria .... Certainly the country seems to want to make full use of its trump card of its raw material resources to cope with the crisis ... History also to ensure social peace.

A senior Algerian official has in fact said Tuesday that the state-owned Sonatrach going back all the shares of the Australian GMA (Gold Mining Algeria) - Rssources in ENOR (Mining Company Gold Algerian-Australian) This company currently operating gold mine of Tamanrasset.

"We decided to take all the shares of GMA-ENOR resources and all its interests in the mine-Tirek Amesmessa", told the Algerian Minister of Energy and Mines Youcef Yousfi to the agency APS in Doha on the sidelines of 20th World Petroleum Congress.

Egypt: Army ready for the state to finance imports

While the world is watching on the euro area - indeed, it is highly justified - the situation in Egypt is far from brilliant ...

According to one military official, the Egyptian army - currently in power - is providing a loan of one billion dollars to the Central Bank.

This must indeed face a drop in its reserves, a situation likely to significantly reduce the country's capacity to import.

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Coffee: the ongoing support of the dollar

The price of coffee has significantly benefited this week from the collapse of the dollar, the weak dollar boosting purchases of raw materials denominated in U.S. currency provided by investors and other currencies.

The situation in Brazil and Colombia will again increase the upward trend.

The price of coffee is being boosted by concerns for crops in Brazil (the fourth largest exporter) and especially in Colombia (the third largest exporter), the country with heavy rains affected planting.