Monthly Archives: March 2016

India looking at maiden auction of Rare Earths

KOLKATA (miningweekly.com) – The Indian government is looking to tweak its rare earth mining policy and open a window for the auction of at least one rare-earth deposit to step up production in the short-term. However, the eligibility criteria for the bidders were not yet clear and no details were available as to whether the auction would be open to only government owned miners, private miners or both. According to a senior official in … Continue reading

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Chile’s China Copper Conundrum

Chile, the world’s largest copper producer, has conceded that getting an accurate read on China’s future demand for the red metal has become increasingly difficult to forecast given the lack of transparency over how much is being stored in warehouses as collateral for loans. The Chilean Copper Commission, known as Cochilco, said many of the world’s leading copper suppliers are struggling to determine how changes in China’s unreported stocks of copper will ultimately affect … Continue reading

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ORNL seeking US manufacturers to license low-cost Carbon fiber process

IMAGE: Oak Ridge National Laboratory researchers at the Carbon Fiber Technology Facility have demonstrated a production method that dramatically reduces the cost and energy required to produce carbon fiber OAK RIDGE, Tenn., March 22, 2016 – Researchers at the Department of Energy’s Oak Ridge National Laboratory have demonstrated a production method they estimate will reduce the cost of carbon fiber as much as 50 percent and the energy used in its production by more … Continue reading

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Silver Getting Accidental Boost From Base Metal Industry’s Gloom

Supply to fall for 1st time in over decade: SocGen, StanChart Devil’s metal gets nickname from risky levels of volatility Silver is what happens to miners when they’re doing other things. About two-thirds of the world’s output is a byproduct scraped up when companies dig for base metals. As producers react to weak Chinese demand by slashing output of copper, zinc and lead, a side effect is silver prices are getting a boost as … Continue reading

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Rio Tinto’s new CEO expected to grab bigger slice of Mongolia’s Oyu Tolgoi Copper

Rio Tinto’s incoming chief executive Jean-Sebastien Jacques has been tipped to boost the miner’s stake in the vast Oyu Tolgoi copper mine in Mongolia when he replaces incumbent Sam Walsh in July. Mr Jacques, the current chief of Rio’s copper and coal division, has hinted he will prioritise improving the company’s balance sheet and cost base as the miner navigates a crunch in the price of many of the key commodities it produces. But … Continue reading

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Glencore closer to selling LomasBayas Copper mine in Chile

Mining and commodities giant Glencore (LON:GLEN) is getting closer to selling its Lomas Bayas copper mine in Chile’s Atacama Desert, after receiving at least two significant offers for the asset, local media reports. According Diario Financiero (in Spanish), the bidders include former Barrick Gold CEO Aaron Regent’s company — Magris Resources —, and Chilean energy firm Copec. In October, the Swiss firm confirmed it had received a number of unsolicited expressions of interest for … Continue reading

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Could bread mold build a better Rechargeable Battery?

You probably don’t think much of fungi, and especially those that turn bread moldy, but researchers reporting in the Cell Press journal Current Biology on March 17, 2016 have evidence that might just change your mind. Their findings suggest that a red bread mold could be the key to producing more sustainable electrochemical materials for use in rechargeable batteries. The researchers show for the first time that the fungus Neurospora crassa can transform manganese … Continue reading

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Copper recaptures $5,000 as #Fed tones down rate hike plan

MELBOURNE: London copper popped back above the $5,000 mark on Thursday after U.S. monetary officials flagged fewer rate hikes this year because of a fragile global economy, knocking the dollar and boosting the value of commodities. The Federal Reserve held interest rates steady on Wednesday and indicated that moderate U.S. economic growth and “strong job gains” would allow it to tighten policy this year, with fresh projections showing policymakers expected two quarter-point hikes by … Continue reading

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Nuclear techniques reveal ‘tunability’ of membranes for enhanced electrical conductivity in Graphene

ANSTO research has contributed to an understanding of the ion transport mechanism in graphene, a highly electrically conductive material that has been investigated for use in flexible electronics and innovative forms of energy storage and conversion. Small angle neutron scattering (SANS) using the Quokka instrument has brought insight into how ions are transported at the nano level in stacked membranes of graphene, materials that have many unique properties. The research was aimed to develop … Continue reading

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Antofagasta upbeat on Copper despite 83pc collapse in profits

By Jon Yeomans 15 March 2016 • 7:48am Copper has a “great future”, despite the tumbling price of the metal knocking Antofagasta’s profits by 83pc in 2015, the company’s chief executive has said. The FTSE 100 copper miner cancelled its final dividend after reporting a slump in pre-tax profits to $259.4m (£181.9m), down from $1.5bn the year before. Revenue fell from $5.1bn in 2014 to $3.4bn last year, as copper prices sank by roughly … Continue reading

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