Wednesday, September 24, 2014

Low metal prices put chill on global mineral exploration

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Thursday 25 September 2014
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Fresh data suggests it is still too early to celebrate a recovery in the sector.

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Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

Having looked more closely at the situation for Geologists in Australia, where we found that even though there have been job losses, salaries for Geologists have remained pretty constant for those still employed in mining.

You can find humans in a microscopic sliver at the tip of the fingernail.

Top iron ore miner Vale expected claw back market share from Australian competitors thanks to its Serra Sul mine and use of Valemax mega-carriers.

Mega-carriers docking in China will see Brazilian giant Vale double export volumes to China over the next five years.

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The proprietary process, developed by Veolia Water Technologies, responds to increasingly stringent regulations limiting sulfates in surface water discharges as well as increased mining industry interest in the reuse of mine water for beneficial purposes. The improved method lowers sulfate levels in mine water effluent below 100 mg/l, generating a clean water effluent for reuse or discharge.

New company would still have its primary listing in Australia, with secondary listings in South Africa and the UK.

Not even the specter of a spillover of Islamic extremism from Somalia can dampen the atmosphere in Kenya, where commercial oil production is expected to begin in 2016 and discovery after discovery has made this the hottest and fastest-paced hydrocarbon scene on the continent.

Canadian Prime Minister Stephen Harper this week announced the discovery of one of two ships that comprised Sir John Franklin's ill-fated expedition in 1845, which aimed to discover a northwest passage across the top of North America. The announcement will revive interest in the metals wealth of the Arctic and its ownership.

It only spared four of the licences granted since 1993.

Bridgette Radebe, chairwoman of Mmakau Mining and president of the South African Mining Development Association, is known for being one of Africa's first black female mine owners.

Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills' appetite for iron ore.

Scientists have discovered how to produce ultra-thin diamond nanothreads, a sort of very strongnanotubes, which could prove to be stronger and hardier element currently available.

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Miner Anglo American said on Wednesday it won environmental regulatory approval to operate the slurry pipe at its Brazilian iron-ore project Minas Rio, a crucial step in meeting a deadline to enter production by the end of the year.

Miners are having a tough time getting funded, and although Canadian oil and gas has performed well over the last few quarters, some companies might be overvalued. No wonder investors are confused.

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