Mineral Exploration
Mineral achieve better value relative to the start of 2011
Prices of minerals have a better start, compares with the end of 2011. However, a lower value compared with the beginning of the year. Base metals and silver have fallen from last year, but gold rose.
This is the first working day of 2012, the price of $ 8.79 per pound lead us fine, much lower than the beginning of 2011, as quoted us $ 12.31. Decline in value was 29% as the decline of U.S. $ 3.52.
In the case of zinc, starting 2012 with a value of U.S. $ 0.82 a pound fines, years ago, was at U.S. $ 1.12, bringing the decline was from $ U.S. 30 cents (27%). Meanwhile, less than 30 December 2011, when the U.S. valued at $ 0.87.
Copper fell about a dollar a year, it is in $ U.S. 3.47 per pound of good and last year came to $, we 4.42 which means a reduction of U.S. $ 95 cents.
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Latin America, the main purpose of mineral exploration investment
Hand in hand with the demand for commodities from emerging markets, Latin America remains the world’s leading destination for investment in mineral exploration in 2010 and an estimated total investment in projects in this segment of the region’s economic reach in the period 2009-2015 more than 250,000 million dollars.
Mining in Latin America noted that the investment boom has made this sector, with renewable energy and wind power, in one of the most attractive for foreign investors. The latest figures announced by Metals Economics Group (MEG) World Exploration Trends in its 2011 (see attached), indicates that the area, led by Mexico, Peru, Chile, Brazil and Argentina, consolidated in 2010 as the goal of leadership in mineral exploration expenditure planned than other regions in the world have been able to win in two decades.
MEG report highlights that in 2010 there were 45% surge in investment in nonferrous mineral exploration, in response to rising metal prices and greater market stability. Thus, the amount of investment for mineral mining at 11,200 million dollars, a figure that rose to 12 100 million if the items are also contributing dedicated to finding uranium. Furthermore, “in 2010 gold is the ultimate goal of global exploration, with more than half the total budget, and the second copper,” reports Capital Madrid.
Five of the ten
Although Canada last year remained the largest destination as a place of exploration and mining investment, Mexico, Peru, Chile, Brazil and Argentina are among the top ten. Globally, a total of 2089 companies dedicated to candidates 11 680 million. These ten countries accounted for 69% of the total investment in the exploration and accumulation of the Latin America 27% (2.884 billion dollars). “In this region, investments will be concentrated (83%, 2.394 million) in Mexico, Brazil, Argentina, Chile and Peru,” said the portal.
According to figures from MEG, Mexico beat Peru in 2010 as a preferred destination for mineral exploration expenditure, standing fourth in the world and gets 22% of regional spending, primarily intended for the exploration of gold and silver. Andean countries, which fell from third to fifth, accounted for 20% of the investment. Chile moved from seventh to sixth place, with an investment of almost exclusively for copper. Brazil remains in ninth place in the world, with spending focused on nickel, copper, gold and industrial minerals. Argentina, with targeted investment gold, silver, lithium and potassium, moved to South Africa emerged as the most attractive location for mining tenth in the world. Colombia, without the typical department of mining investment, seen as it grew 65% last year. Read the rest of this entry »
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Production and Consumption of Industrial Minerals and Rocks
Although the new economic measures, and the current economic crisis and the impact it is having on the production and consumption of industrial rocks and minerals (RMI), Spain remains a leading global producer of mineral resources, as is well mining to mine walk in absolute value only represents 0.3% of GDP.
Export companies in Spain put special attention because it is a mining country but often does not seem so.
The analyzed data provide the following resulatados about Spain:
- Second largest producer of Celestine
- The only European producer of sodium sulfate
- The second European producer of fluorite
- Europe’s largest producer of gypsum and
- The third of feldspar, with the largest reserves in the Old Continent feldspathic sand
- The third European producer of coal
- Currently oil is extracted in Burgos and Tarragona
The value of the production of energy minerals (coal, oil and gas) in 2009 was about 556 million Euros, 3% in 2008, and metallic minerals (copper, tin, iron, etc..) Was 290 million Euros. The projections for 2010 were 767 million Euros.
However, the Spanish mineral potential mainly depends on the extraction of industrial and precious metals, with high added value and that’s where your eyes have international firms.
The issue of occupancy is also drilling for several companies, including Canadian, Australian and European, which are drilled in Seville, Salamanca, Zamora, Asturias, Badajoz and Caceres in search of gold, copper, gold, tungsten or uranium. In addition, Cyprus and EMED Mining has standing to present the project of reopening the Rio Tinto mines (Huelva).
Indeed, the autonomous region is one of the most active in mine action, as also the possible opening of Rio Tinto, has launched three sites: the Water Stained (copper, zinc and silver) in Huelva, and Cobra Las Cruces (copper) in Seville, next to mine prospecting, La Zara, Huelva (copper, gold and zinc), under the insignia of Iberian Minerals, In met Mining and Ormond Mining, respectively.
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