Archive for the ‘REPORTS PAPERS STUDIES’ Category

Here is when the world’s resources will run out as shown in this infographic

Monday, September 8th, 2014

INFOGRAPHIC:

Here is when the world’s resources will run out

How many times have we heard humans are “using up” the world’s resources, “running out” of oil, “reaching the limits” of the atmosphere’s capacity to cope with pollution or “approaching the carrying capacity” of the land’s ability to support a greater population?

Studies there are many, but this infographic, posted in the popular social media site Reddit by CrazyHors3, shows you just how much is left.

Henry Sapiecha

born-in-2010-how-much-is-left-infographic image www.www-globalcommodities.com

 

 

THE YEAR THAT WAS 2012 IN MINING WORLD WIDE

Tuesday, February 19th, 2013

RECAPPING ON MINING EVENTS FOR THE YEAR THAT WAS 2012

2012 will go down as the year when the wind fell out of the sails of economic recovery and serious financial storms rocked the boat of major miners, throwing a few CEOs overboard in the process.

Cynthia Carroll (Anglo American), Aaron Regent (Barrick Gold), Robert Friedland (Ivanhoe), Marcelo Awad (Antofagasta Minerals) and Diego Hernandez (Codelco) were only some of the executives who left their companies, either because they chose to or because of shareholders pressure.

Miners, big and small, reported lower than expected profit and decided to re-evaluate projects, resulting in scaling back expansions and shelving of major projects.

BHP Billiton (ASX:BHP), for instance, scuppered its original Olympic Dam expansion plans in August after determining the project to be uneconomic. And other giants, such as Rio Tinto (ASX:RIO), Xstrata (LON:XTA) and Vale (NYSE:VALE) cut jobs worldwide, especially at coal operations in Australia.

But after Google’s billionaire co-founders and filmmaker James Cameron launched their asteroid mining company, Planetary resources, space exploration became the most popular topic of the year, as our list of MINING.com’s top stories of 2012 shows:

Sourced & published by Henry Sapiecha

PERUVIAN PRECIOUS METALS MINE DYNACOR HAS BEST MONTH EVER IN GOLD PRODUCTION

Wednesday, May 23rd, 2012


MLtailor

THERE’S GOLD IN THEM THAR PERUVIAN HILLS SAYS DYNACOR

Dynacor Gold Mines Inc.  (TSX:DNG) is pleased to provide a second quarter operations update. In the month of May, Dynacor produced from its custom milling plant a historic best of 4,183 ounces of gold (representing more than 50,000 ounces on an annualized rate).

Furthermore, during Q1-2011 the company, using cash directly generated from operations, optimized the plant’s yield at the current capacity of 180 tpd (tonnes per day). The expansion program, which included installation of an additional cyanidation tank and a 90 tpd ball mill, will facilitate a capacity increase from 180 tpd to just over 200 tpd during the 2nd part of 2011.

For the first five months of 2011 the company produced 17,642 ounces of gold from its custom-milling plant as compared to 9,625 ounces of gold during the comparable period in 2010 (an increase of 83%).

In addition, the company’s silver production is also increasing. As of the 31st of May 2011, Dynacor had produced 33,992 ounces of silver as compared to 14,132 ounces for the same 5-month period in 2010 (an increase of 141%).  Gold and silver production are expected to continue to increase through the balance of 2011 and into 2012 as Dynacor’s mill ramps up to its full capacity of 200 tonnes per day.

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The company is well on target to produce approximately 45,000 ounces of gold in 2011-2012.  Jean Martineau, President and Chief Executive Officer of Dynacor, said: “I am very pleased with the performance of our custom milling plant as both our gold and silver output increased during the second quarter 2011. As many analysts predict that the current strong price of silver will continue throughout 2011, we expect that our silver production will have an important impact on Dynacor’s cash flow from operations.”

Joey Trombino, Vice President and Chief Financial Officer of Dynacor, added: “The custom milling component of Dynacor’s business model has an important consequence in that it avoids dilution of its shareholders due to an untimely need for equity financing when the stock price is low. For instance during Q1-2011, Dynacor invested, from its auto-generated cash flow, $0.8 million, towards the ongoing exploration campaign at Tumipampa and the expansion of the custom milling plant.”

ABOUT DYNACOR GOLD MINES INC.

Dynacor is a gold exploration and mining company active in Peru through its subsidiaries since 1996. The company’s assets include the Acari, Casaden and Tumipampa exploration properties. Dynacor’s gold mill produces gold by custom milling.

moneyonlineforyourfuture

Sourced & published by Henry Sapiecha

NEW ZEALND IS DRIPPING WITH OIL & GAS IT IS SAID

Monday, January 16th, 2012

THE COUNTRY OF NEW ZEALAND EAST COAST LEAKING WITH OIL & GAS

The East Coast basin is “literally leaking oil and gas” and provides potential for thousands of wells, an oil company with exploration permits in the area says.

New Zealand’s main oil and gas producing region is at Taranaki on the west coast of the North Island but Tag Oil says the East Coast basin on the other side of the North Island has “world class upside potential”.

A presentation by the small Canadian-based company on its website says it has identified widespread oil and gas seeps over a large area.

The presentation says the “East Coast basin is literally leaking oil and gas”.

The Sunday Star Times newspaper reported that the company regarded the East Coast as a “Texas of the south” and wanted to pursue an aggressive program there.

Last September the company said it was undertaking seismic testing in the region, with first exploration drilling planned after that. The region is seen as having potential for so-called shale oil extracted from rock.

The company has a farmout deal with Apache for the region, under which Apache may spend up to $US100 million ($A97 million) to earn up to half of Tag’s present 100 per cent share of exploration prospects.

“This is not where New Zealand’s economic future lies. We need to be investing instead in renewable solutions,” says Moana Mackey, Labour’s Energy representative.

Sourced & published by Henry Sapiecha

OIL GIANT MAKES BILLIONS $$ OVER A FEW MONTHS

Sunday, May 1st, 2011

EXXON BEATS ALL PREVIOUS RECORD OF EARNINGS, TO MANY BILLIONS OF DOLLARS $$$$$$$$$$$ OVER 3 MONTHS

OLI GIExxon earned nearly $US11 billion ($A10.15 billion) in the first quarter, a performance likely to land it in the centre of the national debate over high gasoline prices.

The world’s largest publicly traded company on Thursday reported net income of $US10.65 billion ($A9.83 billion), or $US2.14 per share, in the first three months of the year. That compares with $US6.3 billion ($A5.81 billion), or $US1.33 per share a year ago. Revenue increased 26 per cent to $US114 billion ($A105.2 billion).

The results surpassed Wall Street estimates of $US2.04 per share on sales of $US112.6 billion ($A103.91 billion), according to FactSet.

The quarter was Exxon’s best since it earned a record $US14.83 billion ($A13.69 billion) in 2008’s third quarter. It comes at a time when some drivers are paying $US4 or more for gas and President Obama is threatening the oil industry’s multibillion-dollar tax subsidies.

Earnings grew across the company’s business segments. Income from its exploration and production business gained 49 per cent to $US8.7 billion ($A8.03 billion) while the company’s downstream business, which includes refineries, posted a huge 30-fold jump to more than $US1.1 billion ($A1.02 billion).

Anticipating a strong reaction to the results from drivers and politicians, Exxon said on a company blog on Wednesday that it has little control over the price of oil, which has risen to near $US113 per barrel. The company also noted that less than 3 cents of every dollar it earns comes from the sale of gasoline and diesel fuel.

That may not appease many motorists, however. The national average for a gallon of gas is $US3.89, about $US1.02 more than a year ago. It’s above $US4 in 8 states and the District of Columbia. And on Thursday, the Commerce Department said economic growth slowed sharply in the first quarter, partly because of high gas prices.

On the blog, Ken Cohen, Exxon’s vice president of public and government affairs, said the company was anticipating “the inevitable headlines and sound bites about high gasoline prices and what to do about them” after the earnings were reported.

Exxon’s huge profit followed similar results by other oil companies.

Europe’s largest oil company, Royal Dutch Shell PLC, reported $US8.78 billion ($A8.1 billion) in first-quarter profits, up 60 per cent from a year ago. BP PLC’s quarterly earnings rose 16 per cent to $US7.2 billion ($A6.64 billion). ConocoPhillips said net income grew 43 per cent to $US3 billion ($A2.77 billion) and Occidental Petroleum Corp said earnings climbed 46 per cent to $US1.55 billion ($A1.43 billion).

Exxon Mobil Corp increased earnings even though it produced less oil and natural gas liquids. Benchmark crude prices rose 20 per cent from a year ago.

The company has increasingly focused on producing natural gas. Exxon expects natural gas to displace coal as the second most important fuel source within the next decade, and last year it acquired XTO Energy to become the largest US natural gas producer.

Natural gas production increased 24 per cent in the quarter for Exxon, but prices declined as other companies followed Exxon’s lead and rushed to develop underground shale gas deposits in North America. Natural gas prices fell nearly 16 per cent from a year ago.

AP   Sourced & published by Henry Sapiecha

UPDATES ON SOME TRADING ISSUES WORLDWIDE

Monday, April 4th, 2011

WEEKLY OUTLOOK on TRADING

FROM THE DESK OF ANDREW BAXTER

The recovery in markets from recent news driven events has been incredible – in terms of pace and scale. This has certainly lifted sentiment in equity markets and the spill on effect for commodities and currencies as been a benefit.

The US posted strong signs of economic recovery across a variety of indicators last week particularly from unemployment and non-farm payroll.

While the Aussie Dollar has continued to push ahead against the greenback, these ongoing indications plus the potential for a possible rise in US interest rates may well call a halt to that party. As such, some caution should be exercised in this area – although 1.05 remains our short to medium term target, this may not be smooth sailing.

Amongst commodities, the strength most notably in Live Cattle has reflected ongoing strength in demand from Asia – and world food demand in general, while Corn put on serious weight as a result of a major fall in inventory as well as pressure on Bio Fuel demand (Corn is refined into ethanol) stemming from higher oil prices.

In our session this week, we will look at the impact of fuel prices on commodities, and where the opportunity sits within that.

CURRENCIES OUTLOOK

Gold falls as Fed is expected to tighten monetary policy

Is the Fed about to shift monetary policy? Speculation is rising that the Federal Reserve will tighten sooner than expected dampening demand the alternative investments as money flows into U.S. dollars. The improving economy, i.e. the strong jobs numbers last week, encouraged Fed members to signal they probably will not extend bond purchases beyond June this year. The immediate price action of gold on the jobs numbers saw gold fall showing how sensitive gold prices are the economic recovery. As the numbers improve, we hope, the “safe haven” premium will be discounted in the gold price. Unless we see further weak data gold may have put in a major top at current levels.

COMMODITIES OUTLOOK

Crude Oil rallies on U.S. employment gains and Middle East Conflict
Oil rose to $108.00 a barrel after Labor Department figures showed that 216,000 jobs were created in the U.S. last month more than the 190,000 jobs expected. The increase forecasts possible higher demand as we approach the seasonal driving season. Prices were also supported by the continued fighting in Libya as Qaddafi’s forces regain the initiative after two weeks of allied air strikes.

The oil market is highly correlated to the equity markets right now and as equity markets are seen as a measure of economic growth and a barometer of petroleum demand.

Brent crude, the European benchmark, traded at a premium of $10.76 over U.S. futures last week. The spread extended to $19.74 on February 21st on middle eastern unrest. The average spread last year was 0.76 cents.

We remain positive on the near term price outlook for crude as key economies remain on track and tensions in Libya continue to pressure prices.

Corn futures push higher on lower than expected inventories
Inventories of corn slumped to a 4-year low in the U.S. according to the United States Department of Agriculture. Stockpiles of corn declined 15% year on year as demand for animal feed, fuel and food climbed. Corn rose limit up for 2 days as the market adjusted to the surprising lack of corn stocks and improving export demand. Farmers are expected to plant a record number of corn acres this year and still not improve ending stocks as demand grows.

Cotton farmers are also expected to plant a record number of acres this year as all-time high prices create a supply response.

All corn and cotton acres will be at the expense of soybeans and if the acreage numbers are confirmed during planting season we expect to see soybean prices respond to the upside

Received & published by Henry Sapiecha


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