Archive for the ‘VIDEOS’ Category

Prospector discovers $300,000 nugget at Ballarat Victoria Australia

Thursday, August 25th, 2016

gold-nugget 5 kilo ballarat vic image www.www-globalcommodities.com

January 18, 2013

A 5.5kg gold nugget estimated to be worth up to $300,000 has been found by a prospector in bush near Ballarat.

The prospector, who wished to remain anonymous, discovered the nugget on Wednesday at a depth of 60cm and footage of the discovery was soon posted on YouTube.

Once the signal had been tracked through an expensive metal detector, the prospector kicked off leaf mulch from the surface and decided to dig after the ground looked in original condition.

News Limited reports Ballarat Mining Exchange Gold Shop owner Cordell Kent said the prospector initially thought he had found a car bonnet, but detected a glint of gold after he started digging.

“He cleaned the top of it and the gold kept expanding … he saw more and more gold … he couldn’t believe what he was seeing,” he said.

The nugget is worth about $282,000 in weight, but is worth more because of the rarity and size of the nugget.

HXUTC

Henry Sapiecha

A commodities rebound is moving fast forward right on China’s doorstep

Sunday, August 21st, 2016

China may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building – emerging economies in South-east Asia.

Combined gross domestic product in the ASEAN-5 nations – Indonesia, Thailand, Malaysia, the Philippines and Vietnam – will rise about a third to $US3 trillion ($3.9 trillion) in the five years to 2020, fuelling commodities-intensive infrastructure projects. Momentum like this across Asia will help maintain and increase commodity demand, BHP Billiton’s chief executive Andrew Mackenzie said this week.

BHP’s staggering loss explained

Fairfax resources writer Peter Ker breaks down what’s behind BHP Billiton’s enormous $8.3 billion loss.

“People have been so used to believing that commodities was a China story, and that with China decelerating where’s the growth going to come from?” Nathan Lim, Sydney-based head of research for Morgan Stanley’s wealth management division, said by phone. “That incremental demand is coming from the emerging markets, and that’s the part people don’t have their head around.”

commodities -graph-2 image www.www-globalcommodities.com

Thailand is considering more than $US50 billion of infrastructure spending, while Vietnam has begun major projects including a $US10 billion rail modernisation, Indonesia is seeking to accelerate road to ports programs and Philippine President Rodrigo Duerte has promised new railroads and airport runways. These markets are “back on their growth path after a period of under-performance”, according to Lim.

Financial crisis

Commodities surged the most in the first half since the 2008 financial crisis as China’s economy stabilised and policy makers backed growth. The World Bank forecasts commodities will rebound next year after hitting the bottom of the cycle and Citigroup agrees, saying last month it’s bullish on raw materials for 2017.

A bellwether of commodities’ demand is steel. New demand across South-east Asia is seen increasing the market for China’s steel exports, which notched record volumes in the first seven months of 2016 and have supported rising iron ore imports.

China is already exporting about 12 per cent of its output and could raise sales overseas further, according to BHP’s Mackenzie. India will also import more iron ore, as will nations across Southe-ast Asia, he told analysts in a presentation Tuesday.

steel-worker-at-work image www.www-globalcommodities.com

Commodities surged the most in the first half since the 2008 financial crisis as China’s economy stabilised and policy makers backed growth. Photo: Jessica Shapiro

Steel proxy

“We look to use steel as a proxy, though you would naturally find the same dynamics for other commodities as well, whether it’s aluminium or copper or bauxite,” Morgan Stanley’s Lim said. Steel demand in the ASEAN-5 will grow at about 6 per cent this year and in 2017 on infrastructure building, according to the World Steel Association. Consumption of 74.6 million tons in 2017 will be more than in regions including Africa and the Middle East, and compares to forecast demand in China of 626.1 million tons, the association said in April.

Fortescue Metals Group, the No. 4 iron ore exporter, said in March it saw emerging sources of steel demand across Asia and in India. China is no longer the sole driver for the $US120 billion copper market, according to Andrew Cole, chief executive of OZ Minerals, a producer that’s also developing Australia’s biggest unmined deposit of the metal.

BHP's CEO Andrew Mackenzie image www.www-globalcommodities.com

Momentum across Asia will bolster commodity demand, BHP’s CEO Andrew Mackenzie said this week. Photo: Bloomberg

“Global demand for copper is becoming increasingly diversified, both geographically and by industry sector,” he said in an August 10 interview with Bloomberg Television. “We are seeing increasing diversification through other counties outside of China, which is an important factor that we need to remember.”

commodities-graph image www.www-globalcommodities.com

Still, global industrial production – output of mining, utilities and manufacturing – is well below historical levels and China “remains the only real growth story”, Macquarie Group said in an August 15 note.

The impact of action early this year to stimulate China’s economy is now fading, the bank said.

China accounts for about 65 per cent of iron ore imports, takes 21 per cent of seaborne metallurgical coal and consumes about half the world’s copper, according to a joint report this month by Westpac Banking Corp and Australia’s Department of Industry, Innovation, Science.

BHP, Whitehaven Coal, Alumina and Evolution Mining are among the companies that Morgan Stanley’s Lim sees benefiting from the emerging Asia growth story. BHP’s second-half underlying profits jumped 95 per cent, while coal producer Whitehaven reported Thursday it swung back to a net profit in fiscal 2016 from a loss the previous year.

“We are not saying that we have discovered a new China, or that India is going to become the new China,” Lim said. “The underlying message is that the reason we are seeing demand coming from ex-China, is that it’s the emerging markets where we see the next leg of growth.”

Bloomberg

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Henry Sapiecha

 

Luxembourg invests big time $$$ in space mining

Friday, June 24th, 2016

luxembourg-invests-heavily-in-space-mining image www.www-globalcommodities.com

Luxembourg is stepping up efforts to become Europe’s centre for space mining by agreeing to buy a major stake in US-based asteroid miner Planetary Resources.

While it was not immediately clear what the government’s initial investment in Planetary Resources Luxembourg would be, the parties said in a statement that the agreement seeks to speed up the development of technologies and lines of business toward the exploration and utilization of resources from asteroids.

The government has also opened a $225 million (€200 million) line of credit for entrepreneurial space companies to set up their European headquarters in Luxembourg.The tiny European nation is one of the euro zone’s wealthiest countries and already has a long-standing space industry, playing a significant role in the development of satellite communications.

While its drive to become a significant actor in the asteroid mining industry is rather new, the country has already taken major steps towards achieving that goal.

On Friday, it announced the opening of a €200 million (US$225 million) line of credit for entrepreneurial space companies to set up their European headquarters within its borders.

And last month, the government reached an agreement with another US-based company, Deep Space Industries, which will be conducting missions to prospect for water and minerals in outer space. Both parties are currently developing Prospector-X, a small and experimental spacecraft that test technologies for prospecting and mining near Earth asteroids after 2020.

Legal frame

Luxembourg’s administration is also working on a legal frame for exploiting space resources so that private companies can be entitled to the resources they mine from asteroids, but not to own the celestial bodies themselves.

Luxembourg invests heavily in space mining

Digital rendition of a robotic asteroid mining equipment. (Image courtesy of Deep Space Industries)

The only international legal body available dates back to 1967. The Outer Space Treaty, signed by the US, Russia and a number of other countries, says that nations can’t occupy nor own territory in space.

“Outer space shall be free for exploration and use by all States,” the treaty says, adding that “outer space is not subject to national appropriation by claim of sovereignty, by means of use or occupation, or by any other means.”

And while a discussion on the matter is bound to happen, countries such as the US, have decided to make their own rules. In November, President Barack Obama signed a law granting American citizens rights to own resources mined in space.

The ground-breaking rule was touted as a major boost to asteroid mining because it encourages the commercial exploration and utilization of resources from asteroids obtained by US firms.

Such law does include a very important clause, as it clarifies that US citizens are not granted “sovereignty or sovereign or exclusive rights or jurisdiction over, or the ownership of, any celestial body.”

Geologists believe asteroids are packed with iron ore, nickel and precious metals at much higher concentrations than those found on Earth, making up a market valued in the trillions of dollars.

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Henry Sapiecha

GOLD DOCUMENTARY VIDEO & THE HISTORY OF GOLD

Saturday, August 29th, 2015

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Henry Sapiecha

Diavik Diamond Mine releases 2014 Sustainable Development report

Friday, April 3rd, 2015

The Diavik Diamond Mine, a joint venture with Dominion Diamond Corporation (Rio Tinto 60 per cent; Dominion Diamond Corporation 40 per cent) has released its 2014 Sustainable Development report.

The Diavik Diamond Mine, located on an island in a remote sub-arctic lake in the Northwest Territories, Canada, began production in 2003 and became a fully underground mining operation in 2012. The Diavik mine produces predominantly gem quality diamonds, destined for high end jewellery in all major consumer markets around the world.

Marc Cameron, president and chief operating officer of Diavik said “At Diavik, sustainable development is integrated into everything we do. Our operations provide benefits and opportunities for local communities, businesses, and governments and we work with all our stakeholders to deliver substantial and lasting benefits.”

Highlights of the 2014 Diavik sustainable development report include:

  • Safe mining and processing of over two million tonnes of ore for the second consecutive year asa fully underground mine;
  • An underground mining team that comprises sixty per cent northerners and forty per cent Aboriginals;
  • The highest percentage of northern spending since 2006. Of the C$251 million of northern spending, C$110 million was with northern Aboriginal businesses;
  • A comprehensive transportation contract awarded to Det’on Cho Logistics, a Yellowknives Dene First Nation company; and
  • Multiple energy management initiatives resulting in a reduction in greenhouse gas emissions.

In 2014 the development of a fourth pipe, known as A21, was approved, providing an important source of incremental supply for Diavik and economic and social benefits to the communities in which Diavik operates.

www.riotinto.com

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Henry Sapiecha

 

On The Bench: The Rush from Uranium? [VIDEO]

Monday, March 23rd, 2015

On The Bench: The Rush from Uranium? [VIDEO]

In a new segment for Australian Mining, Editor Cole Latimer and Journalist Vicky Validakis sit down to discuss commodities, the mining industry and breaking news in resources across the globe.

This week we discuss QLD’s looming uranium mining ban and what it means for the industry.

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Henry Sapiecha

VIDEO SHOWS THE 3195 huge excavator machine undressing girl in 5 minutes

Monday, March 16th, 2015

CAN YOUR MINING EXCAVATOR UNDRESS A WOMAN IN 5 MINUTES

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Henry Sapiecha

VIDEO SHOWS SULPHUR MINING IN AN ACTIVE VOLCANO BY MINERS

Tuesday, July 2nd, 2013

SULPHUR MINING IN JAVA INDONESIA SHOWN HERE IN THIS VIDEO

On the Indonesian island of Java, men mine sulphur from inside Ijen crater where there is a lake filled with two and a half million tonnes of acid. Breathing in Hydrogen Sulphide around 40 times the safe level set in the UK, the miners bear the scars of their labour – poisoned lungs and skin criss-crossed with burns and scars. They carry 90kg loads up 200 metres out of the crater and back down the volcano’s outer slopes to a weighing station – a journey they make several times a day.

“I do it to feed my wife and kid. No other job pays this well,” adds Sulaiman.

Sulphur mining video below reveals the dangers

One of the most poisonous places on earth & lung destroying atmosphere

AAA

fine gold line

 

LATIN AMERICAN MINERALS BOSS MILES RIDEOUT SPEAKS IN THIS VIDEO PRESENTATION

Tuesday, May 14th, 2013
Latin American Minerals Inc. granted stock options. Apr 30, 2013
0.03 (21.74%)Mkt Cap: 14 M USD LAT:TSX-V

Cu Diamond Au Pb Nb REE Ag Zn

Argentina, Paraguay

Management:

Miles Rideout, President & CEO

DUGG DOWN UNDER GUYS UNDERWEAR GEAR BANNER HS IMAGES  (17)

CEO Clips

Henry Sapiecha

STORNOWAY CEO GIVES UPDATE ON QUEBEC DIAMONDS IN THE VIDEO PRESENTATION

Tuesday, May 14th, 2013

Stornoway Diamond Corp.Stornoway Diamond Corp. provided a company update. May 07, 2013

Diamonds in Canada

Investment Highlights:

→ Developing Quebec’s first diamond mine.

→ On track to becoming a 2 million carat per year producer, starting in late 2015.

Management: Matt Manson, President & CEO

Watch this video presentation below by Stornaway

Henry Sapiecha

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