Posts Tagged ‘Export’
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.
These days it gave an upward revision of forecast global oil consumption by 2011 that the strong rise in demand from China and India, and the Organization of Petroleum Exporting Countries (OPEC) should respond to this increasing production in order to stop what may happen to the markets during the coming months and a possible sharp rise.
In the monthly report which addresses the situation of the oil market, the IEA stresses that more oil is not injected to the market; the market may be too nervous and reflect on the price of oil and an increase in prices such as gasoline and other.
Among the causes of lack of oil in quantity demanded is partly due to the conflict in Libya as reported, it halted the extraction and export from Libya. As is muster last May, in which Libya’s oil output was only 100,000 barrels a day, far below the 1.5 million bpd by OPEC required prior to the conflict.
Another fact that helps is unmet demand is that the United Kingdom, United States, Canada, Argentina, Yemen, Sudan and Kazakhstan, agreed supply cuts temporary even if these countries do not belong to the so-called oil cartel. But if the groups these continue to produce 200,000 bpd by 2011.
This led to the passage of a demand to OPEC from 29.7 million barrels per day during the second quarter of 2011 to demand a 30.7 million during the third quarter and for the fourth quarter that would drop to 30.1 million demand barrels a day.
All this global oil demand in 2011 will be 89.3 million barrels a day, about 120,000 barrels more than estimated 1 month ago compared with 2010, this means that there is an increase of 1.4%.