Saturday, April 29, 2017

Czech Republic big on lithium

Czech Republic is hoping to diversify its mining sector by taping into one of the hottest commodities: lithium. Demand for the metal, referred to as "white petroleum," is expected to triple by 2025, as it has become an irreplaceable component of rechargeable batteries used in high tech devices and electric cars.

While global production of the metal grew by 14% last year, that wasn’t enough to meet demand, which caused prices to jump by 74% in December alone, according to London-based Benchmark Minerals Intelligence.
Banking on that growing need for lithium, a small ancient mining village is hoping to attract investors to develop a recently found lithium deposit. Something between 1.2 to 1.4 million tonnes of lithium is located around the tiny village of Cinovec, on the border with Germany. Top producers of the white metal are Australia, Chile, China and Argentina.

Friday, April 28, 2017

Grand Manan - Captain Kidd's Money Cove

Grand Manan Island is the largest of the Fundy Islands in the Bay of Fundy. It is also the primary island in the Grand Manan Archipelago, sitting at the boundary between the Bay of Fundy and the Gulf of Maine on the Atlantic coast.
As early as 1875 searches were made on the west side of the island for treasure allegedly buried by Captain William Kidd. For nearly 200 years, this remote area of the island has been called the "Money Cove".
Captain William Kidd (c. 22 January 1645 – 23 May 1701) was a Scottish sailor who was tried and executed for piracy after returning from a voyage to the Indian Ocean. He was hanged on 23 May 1701, at 'Execution Dock', Wapping, in London. During the execution, the hangman's rope broke and Kidd was hanged on the second attempt. His body was gibbeted over the River Thames at Tilbury Point—as a warning to would-be pirates—for three years.

The belief that Kidd had left buried treasure contributed greatly to the growth of his legend.
Just before his death on the gallows, Captain Kidd said, "After my death, you may find treasure I have buried in a place where two tides meet."

Some point to the Bay of Fundy, where two tides meet and the place where Captain Kidd hid his treasure.

Indian Beach
In 2007 a wreck of a treasure ship captured by William Kidd was found in the Caribbean. Lying in just 10ft of water, the Quedah Merchant is on the seabed off the island of Hispaniola, which is split between Haiti and the Dominican Republic.

Marine archaeologists were amazed that the wreck, which was scuttled in 1699, had lain undiscovered for so long.

The Quedah Merchant was perhaps Kidd's greatest prize. A 400-ton Moorish trader from Armenia, it was loaded with gold, silver and fine silks.

herring "elevator" to lift fish up from the weirs

Thursday, April 27, 2017

Expensive Motorcycles Sold at Auction

"Captain America" Harley-Davidson Panhead from "Easy Rider". The red, white and blue stars-and-stripes panhead chopper was designed and built by Cliff Vaughs and Ben Hardy, based on design suggestions from Fonda.

It sold on October 18, 2015 for $1.35 million.
1910 Winchester 6 HP. US$580,000 August, 2013. Auburn, U.S.

1915 Cyclone Board Track Racer. US$551,200. July, 2008
Pebble Beach, U.S.
1939 BMW RS255 Kompressor. US$480,000. January 2013
Las Vegas, U.S.

1922 Brough Superior SS80. US$463,847 (sold for £291,200)
October, 2012. Duxford, England
1926 Brough Superior SS100 Alpine Grand Sports.
US$452,234 (sold for £280,800) October, 2012.
Battersea, U.K.

1939 Brough Superior SS100. US$425,943 (sold for £253,500)
April, 2014, Stafford, U.K.

1958 Ariel 650 Cyclone. US$450,000. October, 2014
Phoenix, Arizona, U.S.

The bike is the limited edition 1958 Ariel Cyclone 650 which 1950s musical sensation Buddy Holly bought from Ray Miller's Triumph and Ariel dealership in Dallas, Texas on May 13, 1958. The Crickets had just played a gig in Dallas and the three young and newly successful musicians (Holly, Joe Maudlin, and Jerry Allison) decided on a whim to cancel their flights and buy motorcycles for the 350 mile trip home.

Bass player Joe Maudlin bought a Triumph Thunderbird, drummer Jerry Allison chose a Triumph Trophy and Holly bought the limited-edition black and red Ariel Cyclone 650cc – one of only 174 built.

1940 Crocker "Big Tank" twin. US$302,000 August, 2012
One of the rarest of all American motorcycles, roughly one hundred Crocker V-twins were produced between 1936 and 1942 when the war effort saw the company turn its attention to making aircraft parts.
1937 Crocker "Small Tank" twin. US$302,000 August, 2012

Tuesday, April 25, 2017

Debswana starts processing Cut 8 ore

Botswana's Debswana Diamond Company has started processing ore from the $3-billion expansion of its Jwaneng diamond mine, known as Cut 8.
88% of an estimated 500-million tonnes of waste above diamond bearing ore had been stripped away by the end of March. Debswana, jointly owned by Botswana's government and De Beers is expected to produce about 20.5-million carats this year.
Figures by Anglo American, which owns 85% of DeBeers, show that Debswana's production dropped slightly to 5.2-million carats in the first quarter of 2017 compared with the same period in 2016. Cut 8 will extend Jwaneng's life span by seven years to 2024. Jwaneng is the largest producing mine in the world by value. In 2015, it produced more than 11 million carats, with a total value of over $2.3 billion.

Cut-8 will bring the depth of the mine to 850 meters and produce an open pit that will be 2.7 km long and 1.8 km wide. This will put it in the category of a global ‘super-pit’, among the largest in the world for any mining operation.

Barrick Gold Corporation - ABX.t

Barrick Gold Corporation - ABX.t is the world’s largest gold producer, with a portfolio of 27 operating mines and advanced exploration and development projects located across five continents.

Barrick produced 6.12 million ounces of gold in 2015 at AISC of $831 per ounce.
On April 24, 2017 the company released Numbers

•Barrick reported first quarter net earnings attributable to equity holders ("net earnings") of $679 million ($0.58 per share), and adjusted net earnings1 of $162 million ($0.14 per share).
•The Company reported first quarter revenues of $1.99 billion, net cash provided by operating activities ("operating cash flow") of $495 million, and free cash flow2 of $161 million.
•Gold production in the first quarter was 1.31 million ounces, at a cost of sales applicable to gold of $833 per ounce, and all-in sustaining costs3 of $772 per ounce.
•We announced a Strategic Cooperation Agreement with Shandong Gold, including the sale of 50 percent of Veladero for $960 million. As a next step, both companies will jointly explore the potential development of Pascua-Lama, and will evaluate additional investment opportunities.
•We further optimized our portfolio through the creation of a new joint venture with Goldcorp at the Cerro Casale project.
•Total debt was reduced by $178 million in the first quarter.
•Full-year gold production is now expected to be 5.3-5.6 million ounces, down from our previous range of 5.6-5.9 million ounces. Approximately two-thirds of this reduction is attributable to the anticipated sale of 50 percent of Veladero. Cost of sales and all-in sustaining cost guidance for the full year remains unchanged.