A Blog for Browsing Mining, Mineral Processing, and Metals Info

Percentage of Canadian Mining Assets by Country, 2014

 

The move has had an immediate and profound impact on #Canadian attitudes toward #Argentina, said Mario Capello, under secretary of Mines and Energy for Argentina.

“Eighty per cent of mining investment in Argentina is Canadian,” he said in an interview this week with the Midas Letter in #BuenosAires, making them the nation’s most important mining financiers.

Read more at: http://business.financialpost.com/midas-letter/midas-letter-in-argentina-eliminating-export-tax-creates-an-opportunity-for-canadian-miners

 

The average conventional internal combustion engine (#ICE) vehicle contains around 20kgs of #Copper. The average hybrid vehicle uses around 40kgs, 2 times higher than an ICE. The average pure battery powered #EV contains around 80kgs, producing a copper coefficient 4 times the ICE level.

Global EV fleet will expand from approximately 1 million vehicles today to around 140 million in 2035. That would displace about 2 million barrels of oil demand per day in that year, worth about US$37 billion annually at today’s prices in a US$1¾ trillion market.

However, those same vehicles will consume around 11 million tonnes of copper in their production. Subtracting the copper that would have been used in the ICEs ‘displaced’ by EVs, and that figure comes down to around 8½ million tonnes of genuine new demand – worth around US$38 billion dollars at today’s copper price. That 8½ million tonnes is equivalent to around one-third of total refined copper demand today.

Read more at: http://www.bhpbilliton.com/investors/Prospects/the-bullish-thesis-for-copper

The global #Nickel market is seen in a 66,000 tonne deficit next year, in line with this year, on growing demand from the stainless steel sector, the International Nickel Study Group (#INSG) said.

Read more at: http://www.business-standard.com/article/international/global-nickel-market-sees-66-000-tonne-deficit-in-2017-116102800041_1.html

#GeneralElectric Co. is in talks to merge its oil-and-gas business with #BakerHughes Inc., according to people familiar with the matter, a transaction that would dramatically reshape the industrial giant, #GE.

Read more at: http://www.wsj.com/articles/general-electric-in-talks-to-buy-baker-hughes-1477607865

#Lithium isn’t the only metal that goes into the cathode – other metals like #Cobalt, #Manganese, #Aluminum, and #Nickel are also used in different formulations. Here’s four cathode chemistries, the metal proportions (excluding lithium), and an example of what they are used for:

Cathode Type	Chemistry	Metals needed	Example Use
NCA	LiNiCoAlO2	80% Nickel, 15% Cobalt, 5% Aluminum	Tesla Model S
LCO	LiCoO2	100% Cobalt	Apple iPhone
LMO	LiMn2O4	100% Manganese	Nissan Leaf
NMC	LiNiMnCoO2	Nickel 33.3%, Manganese 33.3%, Cobalt 33.3%	Tesla Powerwall

Read more at: http://www.valuewalk.com/2016/10/tesla-motors-inc-tsla-battery-boom/

The fast-developing local aerospace industry has given rise to growing demand for independently developed high-performance #Graphite － a major carbon material used in aerospace projects － according to a top executive at #Harbin Electric #Carbon Factory.

Read more at: http://www.chinadaily.com.cn/bizchina/2016-10/26/content_27178148.htm

The revision of Government Regulation No. 1/2014 was aimed to encourage mining companies to shift the contract of work (CoW) to a special mining license (IUPK).

“Article 169 in the 2014 Mining Law says that in one year, the CoW must be changed to the IUPK,” Teguh said in Jakarta, as quoted by Kontan on Tuesday.

However, he highlighted several issues in the process including the percentage of state revenue and the increasing scarceness of mining areas.

In response, the government will grant a five-year export permit in exchange for the permit conversion, which is applicable for #Nickel ore and #Bauxite miners that currently are building refineries. The two commodities are currently banned from export because of a downstreaming program.

Read more at: http://www.thejakartapost.com/news/2016/10/26/govt-to-allow-nickel-ore-bauxite-exports-under-new-rules.html

Many to this day feel the city would have been better off if the mines had stayed in local hands.

Looking ahead another 10 years, Ross says if #Vale and #Glencore don’t invest in deeper mines and increase the amount of ore feeding their mills and smelters, the operations and the workers needed to run them could be much smaller in the future.

Read more at: http://www.cbc.ca/news/canada/sudbury/10-years-inco-falconbridge-takeovers-1.3815219

#Codelco’s prospect of remaining as the world’s biggest #Copper miner received a boost on Thursday as #Chile signaled it will increase funding for the state company to overhaul aging mines and head off a slump in output.

Chile is already investing a lot in Codelco and will have to provide “slightly more” as a law that gives 10 percent of its sales to the military drains reserves, Finance Minister Rodrigo Valdes said in an interview in #NewYork. A funding decision is scheduled for next month.

Read more at: http://www.bloomberg.com/news/articles/2016-10-20/biggest-copper-miner-gets-reprieve-as-chile-signals-more-funding

In an unexpected twist of fate, scientists at the Department of Energy’s (#DOE) Oak Ridge National Laboratory (#ORNL) have developed a process to turn Carbon Dioxide, a greenhouse gas, into ethanol fuel.

Specifically, the team says it used a catalyst made of #Carbon, #Copper and nitrogen and applied voltage to trigger a complex chemical reaction that essentially reverses the combustion process. With the help of the nanotechnology-based catalyst, the solution of carbon dioxide, dissolved in water, becomes ethanol.

Read more at: http://www.cbsnews.com/news/scientists-make-potential-breakthrough-for-renewable-energy-by-accident/