How four Irishmen found the largest pot of silver ever known in Nevada – by Peter Garland M. A. (IrishCentral.com – June 12, 2017)

https://www.irishcentral.com/

Perhaps it was those millennia of experience that, in 1873, led four Irishmen – Mackay, Fair, Flood and O’Brien – to the Comstock Lode, the greatest pot of gold and silver the world has ever known. They located an enormous silver heart within Mount Davidson in Nevada.

The first to putter around above the great trove were a couple of surface gold miners named Peter O’Riley and Patrick McLaughlin. These men did not know about nor have the resources to mine down thousands of feet to the silver; they panned for gold and moved on, not realizing that a blue sand that clogged their simple wooden machinery, was in fact silver mixed with gold. Assayed later in 1859 by other men, this sand proved to be “almost a solid mass of silver,” and the silver rush was on.

Eventually it took stockholders, powerful machinery, new mining techniques, and millions of dollars to penetrate the pile and extract billions in silver and gold. Chief among those who pioneered and benefited from the lode were the four Irishmen.

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Glencore outbids Yancoal for Rio Tinto’s Hunter Valley coal mines – by Barbara Lewis and Sanjeeban Sarkar (Reuters U.S. – June 9, 2017)

https://www.reuters.com/

Miner-trader Glencore (GLEN.L) on Friday said it had offered $2.55 billion cash for coal mines owned by Rio Tinto (RIO.L) (RIO.AX) in Hunter Valley, Australia, outbidding a previous offer from Chinese-owned Yancoal.

The large-scale, long-life assets are next to mines already owned by Glencore, which has predicted continued demand for coal, especially in Asia, despite environmental opposition to the most polluting form of fossil fuel.

In January, Rio said it was selling its interest in Coal & Allied Industries Limited (C&A) to Yancoal Australia Limited (YAL.AX) for $2.45 billion. The terms allowed Rio to engage in negotiations with another party if it made a better offer.

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Romano critic of Northern jobs, Ring of Fire – by Elaine Della-Mattia (Sault Star – June 9, 2017)

http://www.saultstar.com/

Ontario PC Leader Patrick Brown made the announcement at Queen’s Park on Friday, updating critic roles for his caucus.

“As our newest MPP for Sault Ste. Marie, I’m looking forward to having Ross Romano work hard every day for Northern Ontario families and as part of the PC caucus,” said Brown in a press release. “Ross won a riding that the Ontario PCs have not won in 30 years due to his hard work and commitment. Given his background in serving his community as a city councillor, I know he will dedicate his efforts at Queen’s Park to bring about positive change.”

Romano, whose resignation as a city councillor will be formally accepted by council Monday, said he welcomes his new role, especially because his campaign focused on the need for good paying jobs in Northern Ontario and the need to move forward with infrastructure to prepare for the Ring of Fire development.

He expects to be formally sworn in as the city’s MPP in the next few weeks.

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Race Is on to Mine Metal Powering Electric Vehicles – by David Stringer (Bloomberg News – June 8, 2017)

https://www.bloomberg.com/

The race is on to supply more of the cobalt needed for batteries in the fast-growing market for electric vehicles — and that means fresh competition for the big players Glencore Plc and the Democratic Republic of Congo.

A pipeline of projects is looming in places including Australia, the U.S. and Canada after cobalt prices more than doubled in the past year. Glencore produces almost a third of the world’s supply, mainly from the Congo, which is by far the biggest source, accounting for as much as 65 percent.

Among those backing new global developments are billionaire Anil Agarwal and mining tycoon Robert Friedland. They’re aiming to capitalize as a battery boom sends demand for cobalt soaring more than 30-fold by 2030, according to Bloomberg New Energy Finance.

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Mongolia presidential hopeful urges more state control in mining – by Terrence Edwards (Reuters U.S. – June 8, 2017)

https://www.reuters.com/

ULAANBAATAR – A leading candidate for Mongolia’s presidency has called for greater state control of projects like the giant Oyu Tolgoi copper-gold mine run by Rio Tinto, making mining and foreign investment central issues in the election campaign.

The landlocked North Asian country of three million people goes to the polls on June 26, just a month after securing a $5.5 billion International Monetary Fund-led bailout to lift the economy out of a balance of payments crisis.

Campaigning began on Tuesday, and painful austerity measures agreed by the Mongolian People’s Party (MPP), which runs the government but doesn’t hold the presidency, have made an easy target for rivals, as have controversies over deals done with foreign mining companies.

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A changing landscape: Diamonds in Canada Editorial – by Alisha Hiyate (Northern Miner – June 8, 2017)

http://www.northernminer.com/

Outside of the two new mines opening up in Canada — Stornoway Diamond’s Renard and De Beers and Mountain Province Diamonds’ Gahcho Kué — there hasn’t been a lot to celebrate in the diamond world of late.

In Canada, De Beers flooded its Snap Lake mine in the Northwest Territories in January. The underground mine, which has never been profitable, had been put up for sale after being put on care and maintenance last April, but failed to find a buyer. The mine was the diamond giant’s first mine outside of Africa when it opened in 2008.

In Ontario, De Beers has put an expansion of its Victor mine on hold after failing to get the support of the nearby Attawapiskat First Nation to conduct a bulk sample at the Tango kimberlite. Production from the mine is slated to end in 2018, but De Beers is studying ways to delay closing Victor by processing lower-grade stockpiles or mining deeper into the pit. It’s also considering a sale of the asset.

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U.S. COULD FUEL WAR IN AFRICA BY DROPPING CONFLICT MINERALS RULE ARGUE SENATORS, RIGHTS GROUPS – by Conor Gaffey (Newsweek Magazine – June 8, 2017)

http://www.newsweek.com/

The United States could fuel widespread violence and corruption in central Africa if it drops a rule requiring American companies to account for their use of conflict minerals, according to U.S. senators and rights groups.

A section of the Dodd-Frank Wall Street Reform and Consumer Protection Act passed under President Barack Obama in 2010 requires U.S. companies to disclose whether any of the minerals used in their products come from Democratic Republic of Congo.

The vast central African country is rich in rare and valuable minerals. Its untapped mineral reserves are estimated to be worth up to $24 trillion, according to the United Nations.Eastern Congo, the main battleground in Africa’s deadliest war between 1998 and 2003, has huge deposits of coltan, a metallic ore that is widely used in smartphones, laptops and other electronic devices.

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Coal Jobs Matter a Lot … in Coal Country – by Justin Fox (Bloomberg News – June 7, 2017)

https://www.bloomberg.com/

The hard numbers behind one West Virginia county’s urge to believe in Donald Trump.

You know the standard line these days on coal: It’s economically insignificant, employing fewer people nationwide than the Arby’s fast-food chain. It’s been on a long decline, pushed aside in electricity generation by cleaner natural gas and renewables. And it’s not coming back — people need to get over it and move on.

There’s something to these arguments. I’ve made versions of most of them in past columns. In May, coal mining companies employed only 51,000 people in the U.S. — less than not only Arby’s but also Southwest Airlines, Morgan Stanley and Bed, Bath & Beyond (just to name a few corporations in a similar size range).

That amounted to just 0.03 percent of total nonfarm payroll employment, and while the coal industry creates jobs beyond just the companies digging for coal, it has clearly become a tiny factor in the overall labor market.

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Electric car demand sparks lithium supply fears – by Henry Sanderson (Financial Times – June 8, 2017)

https://www.ft.com/

The cost of extracting vital battery material is likely to create a ‘supercycle’ and drive up prices

A year ago, Tesla Motors founder and chief executive Elon Musk quipped that lithium was only the “salt on the salad” for the batteries that are vital to the US company’s electric cars.

Fast forward 12 months and concern is growing among analysts, and some other carmakers, that the supply of what Mr Musk dismissed as mere “salt” will not be able to keep pace with demand as the expansion of electric vehicles begins to erode the world’s century-long reliance on oil.

“There’s a pivot,” says John Kanellitsas, vice-chairman of Lithium Americas, a miner that is developing a lithium project in Argentina. “There’s much more consensus on demand; we’re no longer even debating demand. We’re shifting to supply and whether, as an industry, we can deliver.”

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Coming B.C. NDP-Green agenda means province is next in line for an energy shock – by Claudia Cattaneo (Financial Post – June 9, 2017)

http://business.financialpost.com/

Here we go again. A new government is elected with unrealistic promises to restructure the energy system and new uncertainty is created for all those whose livelihood depended on the old one.

The next jurisdiction in line for an energy shock is British Columbia, where an NDP-Green coalition is poised to form government and planning energy reforms that make those of the Alberta NDP and the Federal Liberals look like a warm up.

The reforms are expected to scuttle all types of energy projects that aren’t in the right shade of green. The Trans Mountain pipeline expansion (oil), the Site C dam (hydro), liquefied natural gas (natural gas), shale plays like the Montney (natural gas) are now at the mercy of the new rulers.

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Zinc, tin, nickel, platinum evoke most optimism at Junior Indaba – by Martin Creamer (MiningWeekly.com – June 8, 2017)

http://www.miningweekly.com/

JOHANNESBURG (miningweekly.com) – UK market intelligence firm CRU is most optimistic about the prospects for zinc, tin, nickel and, to a certain extent, platinum over a 12-month time horizon and named copper, bauxite, nickel and gold as good commodities to be in over the longer term.

CRU principal consultant Ben Jones told the Junior Indaba in Johannesburg on Thursday that he expected a divergence across bulk commodities and base metals. Jones formed part of a panel discussion led by Standard Bank mining head Sandra du Toit and participated in by Regarding Capital Management chairperson Piet Viljoen and Standard Bank mining research head Tim Clark.

Clark said heart had to be taken from the mining industry finding the bottom, after a period of cost cutting, and experiencing a rebound and a restart because the waning of supply had brought it into the present healthier state.

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Freeport ‘on path’ to new Indonesia mine deal this year, CFO says – by Susan Taylor (Reuters – June 9, 2017)

https://www.reuters.com/

TORONTO – Freeport-McMoRan Inc, the world’s largest publicly traded copper miner, is “on a path” to get a new mining deal with Indonesia this year for its giant Grasberg mine, Chief Financial Officer Kathleen Quirk said on Thursday.

The Arizona-based company resumed copper concentrate exports from Grasberg, the world’s second-biggest copper mine, in April after a 15-week outage related to a government dispute over mining rights. Freeport had planned to ramp up production, which was cut by around two-thirds during the outage.

Freeport shares gained 2.9 percent to $12.06 on Thursday. Jakarta halted Freeport’s copper concentrate exports in January, under new rules that require miners to adopt a special license, pay new taxes and royalties, divest a 51 percent stake in their operations and relinquish arbitration rights.

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Chevy’s Anti-Aluminum Ads with the Ford F150 haven’t Helped Sell the Silverado – by Patrick Rall (Torque News – June 7, 2017)

 

https://www.torquenews.com/

It has been just over a year since Chevrolet rolled out their Silverado ads featuring a new Ford F150 bed being damaged by dropping various objects onto the aluminum surface and in that year, Ford sales have risen while Silverado sales have dropped – showing that the automotive consumer may not favor negative advertising.

Back in June 2016, Chevrolet rolled out a series of commercial for the Silverado which featured their truck parked next to a new Ford F150. In these commercials, “real people” looked on as a load of paver stones was dropped from a frontloader into the bed of each truck.

The Silverado’s steel bed held up to the bricks without only scuffs and dents, while the bed of the F150 saw more severe damage. Of course, the “real people” reacted with great surprise at this and when a large, steel toolbox pushed over the edge of the bedside did significantly more damage to the F150’s aluminum bed, the onlookers were equally stunned.

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Canadians trust professors most and politicians least on energy issues and pipelines: survey – by Geoffrey Morgan (Financial Post – June 8, 2017)

http://business.financialpost.com/

CALGARY – As Canadians debate the merits of controversial west- and east-bound pipelines, a new study from Canada’s largest oil and gas industry group shows people trust university professors, their neighbours and environmental activists more than journalists and leaders of energy companies with information about oil and gas.

“Clearly there is a bias to the white lab coat, the person who is the thoughtful, independent researcher,” Canadian Association of Petroleum Producers’ vice-president, communications Jeff Gaulin said.

CAPP released the results of a wide-ranging survey Wednesday, conducted by Ipsos Public Affairs, that showed respondents’ attitudes toward various forms of energy, countries that produce energy, and the trustworthiness of energy information sources.

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America Has a Secret Switch to Make Military Metal – by Joe Deaux (Bloomberg News – June 7, 2017)

https://www.bloomberg.com/

Seemingly with the flip of a switch, the U.S. could use an existing technology to produce all the specialized “high-purity” aluminum it needs for defense applications, according to researcher Harbor Intelligence.

In April, the Trump administration opened an investigation into whether an influx of foreign aluminum was a threat to national security. Commerce Secretary Wilbur Ross said at the time that part of the rationale for the probe was to investigate whether domestic manufacturers might be unable to meet the Pentagon’s needs in the event of a war.

U.S. producers would have to spend about $25 million to expand their capacity to meet the military’s needs for so-called high-purity aluminum through a process called fractional crystallization, Harbor Intelligence analyst Tom Leary said Wednesday in an interview. That technology removes impurities from the primary metal and turns it into its purer form, he said.

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