Commentary: The collapse of American rare earth mining — and lessons learned – by Jeffery A. Green (Defense News – November 12, 2019)

https://www.defensenews.com/

Out in the Mojave Desert in California lies the Mountain Pass mine, once the world’s foremost supplier of valuable rare earth minerals — 17 elements deemed critical to modern society. In an age where China controls 80 percent of the global output of these minerals, it is strange to believe that a once-dominant source sits within the United States. Stranger still is the tale of how this mine came to supply the Chinese rare earths industry.

In 1952, Mountain Pass opened. First explored as a uranium deposit, it soon supplied rare earths for the electronic needs of the Cold War economy. Until the 1990s, it stood alone as the only major source of rare earths worldwide.

By 2002, however, the mine was defunct. In the eyes of the U.S. government and major manufacturers, it no longer made sense to acquire rare earths from a U.S. source subject to stringent environmental regulations.

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In Kimberley, the world’s diamond capital, illicit mining fight flounders – by Tanisha Heiberg and Helen Reid (Reuters U.S. – November 11, 2019)

https://www.reuters.com/

KIMBERLEY, South Africa (Reuters) – The first South African project to bring illegal miners into the formal fold has been plagued by violence in diamond capital Kimberley, dealing a major blow to national efforts to stem a booming illicit trade.

The project was launched 18 months ago in Kimberley, the site of a 19th-century diamond rush that lured fortune-seekers from the world over. Mine owners granted more than 800 unlicensed, or informal, small-scale miners the right to legally mine around 1,500 acres of diamond-rich waste fields.

The aim of the government-backed scheme was to curb illegal mining and black-market trade of diamonds, and serve as a blueprint for future attempts elsewhere in the country, not only in the diamond sector, but also potentially manganese, gold and chrome.

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How The Mines Of Laurion Saved Ancient Greece And Made Western Civilization Possible – by David Bressan (Forbes Magazine – December 17, 2019)

https://www.forbes.com/

In 480 BCE, the Persian army defeated the Greek forces at the Battle of Thermopylae and invaded parts of Greece. When all seemed lost, a young Athenian politician named Themistocles proposed an unusual plan: the Greeks should not face the Persian soldiers on a battlefield, but rather invest in a fleet. In the naval battle of Salamis, the newly-built ships managed to destroy the Persian fleet.

One year later, without a navy to support their armed forces, the Persians retreated to Asia. A number of historians believe that a Persian victory would have hamstrung the development of Ancient Greece, and by extension western civilization, leading them to argue that Salamis is one of the most significant battles in human history.

The ships that helped to win the battle of Salamis were paid for with silver from the mines of Laurion. The Laurion silver mines are located just south of Athens and are world-renowned for the excellent mineral samples the area still produces today, not just in its storied past.

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COLUMN-India’s economic woes hit coal imports, but crude oil soldiers on for now – by Clyde Russell (Reuters U.K. – November 12, 2019)

https://www.reuters.com/

LAUNCESTON, Australia, Nov 12 (Reuters) – A sharp plunge in India’s electricity demand in October has been matched by falling coal imports, but weakness in vehicle sales and fuel demand hasn’t yet showed up in crude oil imports.

Power demand in Asia’s third-largest economy slumped 13.2% in October from a year earlier, the steepest monthly decline in more than 12 years, according to government data.

Coal imports fell to 14.7 million tonnes in October, the lowest since January and the third straight month of declines, according to vessel-tracking and port data compiled by Refinitiv.

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Hudbay takes $242m Rosemont impairment hit – by Mariaan Webb (MiningWeekly.com – November 12, 2019)

https://www.miningweekly.com/

Canadian miner Hudbay has reported a third-quarter net loss of $274.8-million, reflecting an after-tax impairment loss of $242.1-million on the carrying value of its stalled Rosemont copper project, in the US.

The US District Court has blocked the company from constructing the copper mine in south-eastern Arizona, with the validity of mining claims that would allow for the disposal of waste on public lands adjacent to the operations at the heart of the matter.

Although Hudbay intends to appeal the court ruling, the company explained in its third-quarter results announcement on Monday that the recoverable amount of the Arizona cash generating unit was lower than its carrying value, resulting in an after-tax impairment loss.

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Shutting Down All Of Japan’s Nuclear Plants After Fukushima Was A Bad Idea – by James Conca (Forbes Magazine – October 31, 2019)

https://www.forbes.com/

By now, more Japanese have died from the closing of Japan’s nuclear power plants following the 2011 Tohoku quake than from the tsunami and the earthquake combined, which was about 20,000 people. Of course, no one has died from any radiation released from the reactor, and no one ever will. There just wasn’t enough dose to anyone.

These conclusions are now echoed across the scientific and medical communities. The latest study, from Matthew Neidell, Shinsuke Uchida and Marcella Veronesi, discusses how after the Fukushima Daiichi nuclear accident, when all nuclear power stations ceased operation and nuclear power was replaced by fossil fuels, there was a significant increase in electricity prices and in public mortality.

The increase in price led to a reduction in energy consumption, which caused an increase in mortality during very cold temperatures. An increase in mortality also occurred from the burning of fossil fuels, especially coal, which causes upper respiratory effects.

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Precious metal prices drive northwest mining activity – by Ian Ross (Northern Ontario Business – November 12, 2019)

https://www.northernontariobusiness.com/

Soaring gold and platinum prices continue to build the economic case for mine development activity in northwestern Ontario and for a global player to make its entry into the region.

With gold hovering between $1,500 and $1,520 per ounce this fall and palladium surging to $1,800 per ounce in early November, John Mason, project manager of mining services for the Thunder Bay Community Economic Development Commission (CEDC) expects to see more interest in precious and base metal properties in the region.

The big news in September was the acquisition of North American Palladium (NAP) by South African base metal heavyweight Impala Platinum Holdings in a $1-billion share and cash deal. Shareholder approval could come by early December.

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Brazil’s Vale outlook cut implies at least 14.7% sales drop in 2019 – by Roberto Samora (Reuters U.S. – November 11, 2019)

https://www.reuters.com/

SAO PAULO (Reuters) – Brazilian iron ore miner Vale (VALE3.SA) on Monday said it now expects sales of iron ore and pellets of between 307 million and 312 million tonnes in 2019, implying at least a 14.7% decline from a year earlier as it grapples with the aftermath of a deadly dam burst.

Vale has been compelled to halt production at various mines as it shuts down tailings dams that share the “upstream” structure that collapsed in Brumadinho in January, killing more than 250 people.

The miner had initially forecast 2019 sales at the midpoint of a range of 307 million to 332 million tonnes, before saying in October that it expected them to come between the lower end and the midpoint of the range.

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Rio Tinto eyes copper deposit north of La Ronge – by Alex MacPherson (Saskatoon StarPhoenix – November 12, 2019)

https://thestarphoenix.com/

One of the world’s largest mining companies is spending millions of dollars to look for copper in northern Saskatchewan — and could commit tens of millions more if its engineers and geologists like what the drill rigs uncover.

Rio Tinto Exploration Canada Inc. spent the summer taking core samples at the Janice Lake copper deposit north of La Ronge after signing an option agreement with Forum Energy Metals Corp., which acquired the property in 2017.

Under the terms of the agreement, Rio Tinto can spend up to $30 million over seven years to acquire an 81 per cent stake in the property, which was staked in the 1960s and bounced between companies before ending up in Forum’s portfolio.

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China Sets Record Rare-Earth Mining Quota as Demand Rises (Bloomberg News – November 11, 2019)

https://www.bloomberg.com/

China set its annual rare-earth mining quota at the highest on record as domestic demand for the strategic materials, used in everything from electric vehicles to military hardware, increases.

The quota for six dominant producers, including China Northern Rare Earth Group High-Tech Co., was set at 132,000 tons for 2019, the Ministry of Industry and Information Technology said in a statement on Friday. That compares with 120,000 tons in 2018 and is the highest in data going back to 2014.

The higher quota follows requests from major companies in the industry to allow more production to meet rising demand, said Zhang Rui, an analyst at state-run researcher Beijing Antaike Information Development Co.

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Semafo faces criticism for lax security after deadly attack on workers in Burkina Faso – by Nicolas Van Praet and Geoffrry York (Globe and Mail – November 12, 2019)

https://www.theglobeandmail.com/

Montreal gold miner Semafo Inc. is coming under criticism for ineffective security measures in Burkina Faso after one of the worst terrorist attacks on employees of a Canadian company.

“We have concerns about just how safe” the situation was for Semafo’s workers and business partners, said Odette Napina, project leader at Organisation pour le Renforcement des Capacités de Développement, an independent group that monitors the social and economic impact of the mining industry in Burkina Faso.

Assailants ambushed a convoy of five buses carrying Semafo employees, contractors and suppliers under military escort last Wednesday in one of the deadliest insurgent attacks in the West African country in recent years. No one has claimed responsibility for the incident. The company on Monday finally provided a clearer picture of the human toll from the raid.

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Another Big Mining Company Coal-Free Future – by Thomas Biesheuvel (Bloomberg News – November 12, 2019)

https://www.bnnbloomberg.ca/

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Anglo American Plc dropped another hint that its days of mining the world’s most polluting fuel are limited.

In a slew of presentations released for an investor visit to Anglo assets in Australia, thermal coal was noticeably absent from a list of units seen to have long-term potential. The company is on a trajectory away from thermal coal, and will do so responsibly, an Anglo spokesman said.

Anglo will decide in the next year if thermal coal fits into its future portfolio, and may be better off selling the assets, RBC Capital Markets said in a note following the presentations.

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[Lithium] This metal is powering today’s technology—at what price? – by Robert Draper (National Geographic – February 2019)

https://www.nationalgeographic.com/

ONE EARLY SATURDAY morning in La Paz, Álvaro García Linera, the vice president of Bolivia, greets me in the spacious salon outside his office overlooking Plaza Murillo. The debonair, silver-haired 56-year-old politician is known in his country as a committed Marxist ideologue. But today he presents himself as a capitalist pitchman.

The pitch in question involves lithium. García Linera speaks of his country’s natural resource in a simultaneously factual and awestruck way. Lithium, essential to our battery-fueled world, is also the key to Bolivia’s future, the vice president assures me.

A mere four years hence, he predicts, it will be “the engine of our economy.” All Bolivians will benefit, he continues, “taking them out of poverty, guaranteeing their stability in the middle class, and training them in scientific and technological fields so that they become part of the intelligentsia in the global economy.”

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Canadian carbon guilt belongs in a parallel universe – by Terence Corcoran (Financial Post – November 12, 2019)

https://business.financialpost.com/

Canada boasts that it has reduced coal usage. … India’s minister
of coals and mines said recently that Coal India, the government
-owned national producer, aimed to boost output to one billion
tonnes a year from about 700 million tonnes currently.

As the political convulsions within Canada over Alberta’s fossil fuel future unfold, including divisive talk of separation and Wexit, one has to wonder what alternative planet Canadians inhabit.

After an election filled with emergency calls to end fossil fuel use within a decade or two, the country that was built on natural resources is now being torn apart over whether to build a pipeline to carry a few driblets of oil through the Trans Mountain pipeline to the West Coast.

Driblets is the right word in the context of Planet Earth. Global oil production may already exceed 100 million barrels a day. The additional volume of oil to be delivered through the proposed TMX expansion line — about 600,000 barrels a day — is equivalent to 0.6 per cent of global production. By way of comparison, imagine standing in front of a supermarket aisle of 2,000 cans of beer; proportionately, TMX would add two six-packs.

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Morales manoeuvred himself out of Bolivia’s presidency – by Gwynne Dyer (London Free Press – November 11, 2019)

https://lfpress.com/

“Democracy is in danger in Bolivia as the result of legitimate pressures from the poor. We cannot generate economic growth and well-being for a few and then expect that the large majorities that are excluded will watch silently and patiently.”

A recent president of Bolivia said that, but it wasn’t Evo Morales (who has just quit). It was Carlos Mesa, the man whom Morales tried to cheat out of the presidency in last month’s election. Mesa said it in 2005, the last time he was president, just before he quit and Morales won a landslide victory in the election triggered by his resignation.

Most outside commentators used to stick to a simple script when talking about Bolivia. Morales was the good guy because he was the country’s first Indigenous president (he grew up speaking Aymara, and learned Spanish only as a young adult) and because he looked like and seemed to care about the poor majority of Bolivians.

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