Mining News
Industry: In the last 8 years created 1.3 million new jobs
Head area, Debora Giorgio, highlighted by a statement on Sunday that the work of industry and six consecutive quarters of increase of interannual increase since 2003, creating 1.3 million new jobs. It is expected that by 2020 would create an additional 1.5 million posts.
“We have the lowest unemployment rate in 20 years and this is a consequence of the industrialization process in Argentina began in 2003, where labor productivity grew by 50% and more than double the value added per worker in the industry to reach nearly $ 50,000 per year, “said Giorgio.
A final note, the third quarter of 2011 – marking the expansion of 3.3% over the same period in 2010 and accumulated an increase of 3.2%.
Meanwhile, hours worked increased by 3.8%, accumulating in this 8-year consecutive quarters upload.
“We make the industry stand Argentina and we have a clear strategy to continue to grow and develop our potential to lock in the industry as a tool to achieve social justice and creating more jobs for all of Argentina,” said Giorgio.
In that regard, he stressed that one of the goals outlined in the Strategic Industries Argentina 2020 is the creation of new industries 1.5 million jobs and reduce unemployment to 5%.
This sector generates more jobs will be construction, with input from the entire value chain from 600,000 jobs in order to reach one million workers by 2020.
This represents 40% of total industrial employment generation projected by the Plan in 2020. What parts of the automotive and auto, which will provide 300,000 new jobs in ten years and the textile sector, with 250,000 new jobs.
Meanwhile, the food industry is responsible for generating another 80,000 jobs, chemical and petrochemical sector will add 75,000, furniture and wood, 63 000, and software, 60,000, and medicine, 40,000, footwear, 12,000, the agricultural machinery, 12,000, and capital goods, 8000.
Exploration and Production of Mineral Deposits That Could Contain Gold and Copper
Afghanistan Ministry of Mines has set up an auction to award concessions for exploration and production of four concessions that may contain mineral deposits of gold and copper.
The biggest concession is located in the province of Badakhshan in northern Afghanistan, consists of four areas of 250 square kilometers, as shown by the Afghan government might contain gold.
Two other deposits, north and west, which contain copper and four sites in the central province of Ghazi, a mixture of gold and copper, the ministry said in a statement.
The document does not specify a closing date of the auction. Since 1960 and 1970 has developed a small exploration work on the deposits.
The Afghan government relies heavily on the exploitation of mineral reserves, worth about $ 3 billion to boost the economy, which has been severely affected by decades of conflict.
However, analysts said the domestic investment interest will be limited by ongoing violence, which the UN is the worst since the US-led forces toppled the Taliban regime a decade ago.
“Afghanistan’s mineral resources have the potential to transform the nation’s economy,” said Minister of Mines Wahidullah Sahrawi said in a statement.
The government awarded a consortium of mining companies and steels in India, led by Steel Authority of India, the right to develop a large iron ore concession in Hajigak, in central Afghanistan last month.
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Tags: Copper, domestic investment, exploration, Gold, mineral deposits, Mining, production | 
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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.
Posted in Mineral Exploration, Mining News | Tags: companies, Consumption, Export, Industrial Minerals, production | No Comments »
Recent Results From Soil Sampling Strait Gold Corporation
Strait Gold Corporation announced that the latest results of soil sampling of Alicia polymetallic project located in the department of Cusco have expanded 1.600 meters east of the area known copper mineralization.
The anomaly, which is defined by copper values greater than 1.000 parts per million, now, extends to 3.4 km east-west direction.
The company’s program of soil sampling was designed to identify potential areas of copper and gold mineralization under cover to the west, northwest, east and northeast of the main center of mineralization.
The last values ??of copper include 28 samples (45 percent) with more than 500 parts per million of copper, including 20 samples (32 percent) containing more than 1.000 parts per million of copper, with a maximum of 3.820 parts per million.
The observation of rocks during the collection of soil samples indicates that 60 percent of the sampled sites contained fragments of porphyry.
While the initial drilling program completed in February 2011 successfully found scorn mineralization, recent results indicate a significant potential for a copper deposit in Alice. Read the rest of this entry »
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Mining real investment boom in Latin America
Latin American mining recorded a real investment boom that has made this sector, with the renewable energy and wind power, in one of the most attractive for foreign investors. Hand in hand with the growing demand for commodities from emerging economies, especially China and India, Latin America remained the world’s leading destination for investments in mineral exploration in 2010 and is expected to total investment in projects economic segment of the region meet in the period 2009-2015 more than 250,000 million dollars. In global terms, and only in major mining countries in the region, current projects require an investment of 37,000 million dollars over the next two years.
Although traditional mining (excluding oil), contrary to what happens in renewable, where the presence of Spanish companies is large, technologically leading and increasingly intense in Latin America, Spain lacks vigorous groups and significant international focus, the situation generates large indirect investment opportunities for our firms. Especially for companies in engineering, infrastructure and supply of equipment, which can become suppliers of new mining technologies most dynamic countries, for which the mining sector is key (Chile, Brazil, Peru, Colombia), need to optimize facilities and undertake the development of new centers.
The latest data from industry worldwide, announced by Metals Economics Group (MEG) in its Global Exploration Trends 2011, indicate that Latin America, led by Mexico, Peru, Chile, Brazil and Argentina, consolidated in 2010 as the destination of leadership planned mining exploration spending than any other region of the world has been able to snatch in two decades, since 1994.
The MEG report highlights that in 2010 there was a 45% surge in investment in nonferrous mineral exploration, in response to rising metal prices and greater market stability. Thus, the investment amount for such mining of minerals amounted to 11,200 million dollars, a figure which rises to 12,100 million if the items are also accounted dedicated to search for uranium. Thus, the industry sector last year recovered nearly two thirds of the 5,500 million dollars in exploration that were cut in 2009 by the global financial crisis, and approached a record reached in exploration spending in 2008: 13,200 million dollars. In 2010, gold was the main focus of exploration worldwide, with over half the total budget and copper was second. Read the rest of this entry »
Mining and Globalization
Over the past century, world population quadrupled. This huge burden on the Earth, it is displayed only on climate change but also the scarcity of resources and energy. The great geopolitical power, aware of the increasing difficulty of access to natural resources, aimed at ensuring its supply of energy and materials. The growth in prices due to resource and energy shortages – such as minerals, metals, oil and gaz – produce geopolitical turmoil and a new boom in the extractive industries sector.
Between 1999 and 2006 the average price of crude metals trebled. Since 2005 the price of uranium has increased sixfold and the price of copper has doubled. Never before have large mining consortiums have had a very promising future.
During the last five – ten years, there have been almost all the conditions for rapid (re) territorial and economic colonization of the South, or that today is called the “second colonization” or “second gold rush “. Now, if economic entities, especially multinational corporations, have replaced the Western nation-states in their role as colonizers.
Globalization is the phenomenon of global integration faster and faster crecienda economic interactions, technological innovations, cultural influence and political structures. The neoliberal economic model appeals to states in the South to open their borders to direct investments by Western companies, often with the discourse of “free trade fair competition” and the idea that only foreign capital, technology and economy oriented export can help you out of the depression. Read the rest of this entry »
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