dimanche 30 juin 2019
Les ados qui mangent gras compromettent leurs chances d'avoir des enfants
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Science décalée : regarder sept secondes de Spiderman réduit la peur des araignées
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La pluie d’étoiles filantes des Bêta Taurides pourrait cacher de grosses météorites
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Astéroïde : la simulation d'un impact finit par la destruction de New York !
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Drôle de Tech : Harry Potter en réalité augmentée, un robot basketteur et un deepfake déshabilleur
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Le mythique calmar géant ressurgit face caméra dans le Golfe du Mexique
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La Nasa dresse le portrait-robot de l'astéroïde de l'évènement de la Toungouska
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samedi 29 juin 2019
Quand Arnold Schwarzenegger se fait le chantre de la voiture essence
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500 vautours retrouvés morts empoisonnés
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Apollo 11 : 7 lieux à visiter pour les 50 ans des premiers pas de l’Homme sur la Lune
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vendredi 28 juin 2019
Record half-year for renewable energy in Germany
Thanks in part to favorable weather in the first half of the year, renewable energy made up to 44% of the total energy has been consumed in Germany according to the country’s Center for Solar Energy and Hydrogen Research Baden-Württemberg (ZSW) and the German Federal Association of Energy and Water (BDEW).
Onshore wind power remained the dominant source of clean energy whilst offshore wind power saw a 30% increase in usage to 12 billion kilowatt hours (kWh). Combined, wind energy produced 67.8 billion kilowatt hours whilst others like photovoltaic systems, biomass and hydro power accounted for a total of 60.7 billion kWh.
The remaining 56% of Germany’s energy portfolio is non-renewable and consists mainly of mineral oil, coal, natural gas and nuclear energy.
Stephan Kpferer, chairman of BDEW’s Executive Management board commented saying “the new record for green electricity is an encouraging snapshot, but let it not obscure the fact that there are underlying structural problems. If we merely keep on with more of the same, we will end up with just 54% renewable energies.”
This would be far from the climate protection goal the German government has set to reach 65% usage of renewable energy in its portfolio by 2030.
The Managing Director of ZSW, Prof. Frithjof Staiß added that in order to achieve the target set, Germany “should adapt the political framework conditions to this end,” and the public will be expected to “support the actions taken to better protect the climate if the impact is cushioned to alleviate any social hardship.”
Written with material from Zentrum für Sonnenenergieund Wasserstoff-Forschung Baden-Württemberg (ZSW)
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La Voie lactée s'étend sur 520.000 années-lumière !
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Le cocon d'une exoplanète de type Neptune observé pour la première fois ?
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OceanaGold denies shut down of Didipio copper-gold mine
Australia’s OceanaGold (ASX, TSX: OGC) said Friday that rumours about a halt of operations at its copper-gold mine in the Philippines were just speculation.
The Kalikasan People’s Network for the Environment claimed earlier this week that local authorities had ordered the shutdown of OceanaGold’s Didipio mine, located on the island of Luzon, over alleged water and forest pollution caused by the operation.
The Melbourne-based company said the local regulatory authority – the Mines and Geosciences Bureau (MGB) – had sent confirmation that the mine was permitted to continue operations, pending a financial or technical assistance agreement (FTAA) renewal from the Philippine Government. OceanaGold lodged its FTAA application in March 2018.
Didipio, which began production in 2013, has a measured and indicated resource of 1.3 million ounces of gold and 160,000 tonnes of copper
The operation, 270 km north of Manila, is expected to churn out this year between 120,000 and 130,000 ounces of gold and 14,000 to 15,000 tonnes of copper.
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Homéopathie : la fin du statut privilégié des granules ?
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Google Maps nous préviendra si le bus ou le métro est plein
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Ce tabac OGM élimine le risque de dépendance
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Ariv Merge, un vélo électrique pliable signé General Motors
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Jony Ive quitte Apple : le top 5 des produits dessinés par le designer star
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L’éclipse solaire totale du 2 juillet en direct depuis les observatoires d’Amérique du Sud
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Yamana says Brazilian gold mine on the verge of becoming a “world-class” operation
Canadian bullion producer Yamana Gold (TSX:YRI) (NYSE:AUY) has lifted production guidance for its Brazil-based Jacobina mine, which the company believes is on the cusp of becoming a “world-class” operation.
The current Phase 1 expansion is expected to increase the mine’s output to about 170,000 ounces a year by 2021 at the current reserve grade, compared with the present annual guidance of 152,000 ounces.
The Toronto-based miner also said it was considering a further expansion of Jacobina, located in Bahia state, which would include increasing the plant to between 7,500 to 8 500 tonnes a day.
A prefeasibility study is under way to identify expansion scenarios.
“Jacobina has improved significantly in the last several years across all measures, and it is now one of our higher quality, high value operations,” Daniel Racine, president and chief executive officer of Yamana, said in a statement.
The ongoing and planned expansions at Jacobina are the continuation of a series of incremental improvements Yamana has implemented over the past four years. In that period, the mine’s gold production increased from 75,000 ounces in 2014 to 145,000 ounces last year.
The company, which also has mines in Chile, Mexico and Canada, also owned the Chapada gold-copper mine in Brazil, which Yamana agreed in April to sell to fellow Canadian miner Lundin Mining (TSX:LUN)for $1 billion.
That transaction is expected to close in the third quarter of this year.
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Minera Alamos one step closer to changing land use at Santana gold project
Mexico’s Secretariat of Environment and Natural resources notified Minera Alamos this week of the successful completion of the technical review phase of the company’s application to change the land use at its Santana gold project.
The completion of the review would allow the miner to construct mining and processing facilities in the project area, located in the northwestern Sonora state.
According to Minera Alamos, once the change of land use payments is submitted, the secretariat will be in a position to issue the formal approval documentation for Santana.
“The receipt of this notification represents another major milestone for the company. Despite the anticipated delays related to the changes in the Mexican government in 2018, this notice was received approximately one year following our permitting application for commercial production at Santana,” Darren Koningen, CEO of Minera Alamos, said in a media statement.
The new permit would also open the road for Alamos to initiate applications for other state/local permits, such as those related to water and explosive use, which are required in advance of any commercial mine production.
The 8,500-hectare Santana project is a low-CAPEX, open-pit, heap-leach development project with test mining and processing recently completed.
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Under Armour développe des chaussures de sport intelligentes
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L’Amérique du Sud se prépare à observer une éclipse totale de Soleil le 2 juillet
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Canicule : vers un record de 45 °C dans le sud de la France
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Dragonfly : la Nasa va partir en mission vers Titan sur les traces des origines de la vie
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À la découverte de Carthagène, cité magnifique de Colombie
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jeudi 27 juin 2019
Des indices d’une autruche géante découverts en Europe
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Marcher pieds nus est bon pour vos pieds
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RNC Minerals shares lifted by ‘significant’ resource boost at Beta Hunt
RNC Minerals (TSE:RNX) announced today that it has substantially increased the mineral resource on the Western Flanks zone of the Beta Hunt gold mine in Western Australia.
According to the company’s latest resource update, the measured and indicated resource at Western Flanks jumped nearly five times to 710,000 ounces, while the inferred resource also nearly tripled to 250,000 ounces.
RNC’s shares gained more than 8% at Thursday’s open to a three-month high of C$0.70.
Today’s results confirm Beta Hunt’s exploration potential, President and CEO Mark Selby says. He adds that the 710,000-ounce increase in measured and indicated resource coming from just over one kilometre of strike length represents “only a fraction” of Beta Hunt’s overall potential.
The company plans to provide an updated technical report and reserve estimate for Beta Hunt in the near future so that full-scale production can resume in Q3 2019.
The Beta Hunt mine, located 600 km from Perth in Kambalda, Western Australia, is a deposit with the very rare feature of hosting both nickel and gold resources in adjacent discrete mineralized zones. Two bonanza gold discoveries have already been made by RNC over the past year.
The company notes that the high-grade gold found at the Father’s Day vein last year are not represented in the Western Flanks resource model due to the extreme nuggety nature of the mineralization. “These occurrences are best considered as a potential periodic significant bonus to mine production,” the company says in a statement.
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Un robot volant alimenté par... l'énergie solaire
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Il y a bien des « ballons de foot » électriques dans l'espace !
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Plus de 50 lacs cachés découverts sous la glace au Groenland
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Comment notre cerveau prend-il les bonnes décisions ?
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Les anneaux d'Uranus rendus visibles par les plus puissants télescopes
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Néandertal utilisait bien de la colle il y a plus de 40.000 ans
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Les singes capucins utilisaient déjà des outils en pierre il y a 3.000 ans
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Chile goes carbon-neutral, begins closing first eight coal-fired power stations
Chile is stepping up efforts to switch entirely to renewable energy by 2040 by kicking off the process of closing eight coal-fired power stations over the next five years.
The move, though earlier than anticipated, is part of a plan to go carbon neutral by 2050 announced in early June by conservative President Sebastian Piñera.
This week, Enel Generación Chile filed for authorization by the Chilean Energy Commission (CNE) to take offline the Tarapaca coal-fired power plant by December 31.
The utility initially intended to end operations at the plant in May 2020, as outlined in the agreement to phase out coal-fired generation capacity with the Chilean government.
On Wednesday, southern Chile-based coal miner Mina Invierno, laid off 150 people and began closure activities almost four months earlier than originally announced.
The move followed an environmental court of Valdivia’s decision to uphold a precautionary measure prohibiting blasting at mine as it didn’t comply with environmental standards.
The South American country, which will host the 21 leaders of the Pacific Rim for the APEC Summit in November and then UN climate negotiations (known as COP25) a couple of weeks later, estimates the announced closures account for 20% of the national energy capacity, or 23,000 megawatts.
World’s top copper producer Chile has historically been a net importer of energy. Over the last decade, however, the nation has increasingly relied on coal-powered electricity generation, mostly due to the end of imports of natural gas from neighbouring Argentina.
But shipments from across the Andes resumed in 2018, helping Chile to lessen its dependence on coal.
Currently, about 40% of Chile’s electricity generation comes from 28 coal-fired power stations. The goal is to replace them all in 20 years and become fully carbon-neutral by 2050.
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Faut-il avoir peur de l'astéroïde qui frôle la Terre cette nuit ?
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Firefox piège les régies publicitaires avec un faux historique
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Santorin, un volcan martien sur Terre ?
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La prochaine Apple Watch dotée d'un appareil photo caché ?
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L’ère des dinosaures était aussi celle des mammifères
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Les taxis pour l'ISS de Boeing et SpaceX sont toujours en retard
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Alzheimer : un traitement contre l'hypertension ralentirait la maladie
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Ce tabac OGM ne provoque aucune addiction
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mercredi 26 juin 2019
La prochaine Apple Watch dotée d'un appareil photo caché ?
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Denison tests in situ recovery for Wheeler River
Toronto-based Denison Mines Corp. is testing in situ recovery at the Wheeler River uranium project this summer. The ISR tests will help determine the viability of using it for commercial production at Wheeler River, which would be the first uranium mine in Canada to use the technology.
Denison conducted field and laboratory testing of IRS during the pre-feasibility study. The results indicated that the flow of solution through the orebody will support commercial rates of production. The testing this summer is anticipated to increase the company’s confidence in using IRS.
This summer the work will focus on the second test area, with testing of two more areas to be done in 2020.
At the same time, the collection of baseline environmental data will be expanded to support the environmental impact assessment.
Denison will also continue with a 5,000-metre, 10-hole diamond drilling program to follow up and expand the area of unconformity-hosted uranium mineralization at the K-West trend.
Wheeler River is the largest undeveloped uranium occurrence in the eastern portion of the Athabasca Basin. The project is owned 90% by Denison and 10% by JCU (Canada) Exploration Co. Probable reserves have been calculated for the Phoenix deposit (59.7 million lb. of uranium oxide in 141,000 tonnes grading 19.1% uranium oxide) and the Gryphon deposit (49.7 million lb. in 1.3 million tonnes grading 1.8% uranium oxide).
This article first appeared in the Canadian Mining Journal
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High-grade drill results send Aurion Resources shares to 8-month high
In the latest wave of drill result releases from gold miners, Aurion Resources Ltd. (TSXV: AU) today reported that it has intersected a wide zone of gold mineralization at its Risti project in northern Finland. This marks the second time in five months that Aurion has reported high-grade results from exploration in Finland.
Shares of the Newfoundland-based company shot up over 10% to an 8-month high of C$1.52 during Tuesday’s trading session on the latest announcement.
Today’s drill results signal a positive start for Aurion’s drill program recently started at Risti. The first two of ten planned drill holes at the Aamurusko Northwest (NW) prospect at Risti returned 13.31 g/t Au over 19.54 m and 1.84 g/t Au over 31.12 m.
The Aamurusko NW prospect is situated in proximity to the Aamurusko main target area where several high-grade intercepts were previously reported, including 789.10 g/t Au over 2.9 m, 42.40 g/t Au over 4.0 m and 24.50 g/t Au over 4.75 m.
Geologically the Risti project in Finland has been compared by the company to several gold-rich orogenic gold belts around the world like the Timmins camp in Ontario. Aurion has been actively exploring in the Scandinavian nation since 2014.
The company is also backed by Canadian gold miner Kinross Gold Corp. (TSX: K), which participated in Aurion’s recent C$6.5 million financing and now owns 9.98% of its shares.
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Leagold begins Los Filos mine expansion
Canada’s Leagold Mining (TSX: LMC) has kicked off the first of three major projects aimed at expanding facilities at its Los Filos gold mining complex in Mexico, 180 km south of the capital city.
The move is part of the Latin America-focused miner’s plan to become a 700,000 ounce-per-annum gold producer, having closed a previously announced $400 million financing.
The Vancouver-based company, which expects works to take about 2.5 years, said the Bermejal underground development would start in the third quarter of this year.
Work on the Guadalupe open pit , in turn, will get under way in the final quarter of 2019, and construction of the 4,000 t/d carbon-in-leach (CIL) plant would start in the third quarter of next year.
Leagold also said it would secure a portion of its revenue from gold sales over the time it takes to finish the parallel projects, which will require a $209.1 million investment.
The expanded Los Filos project will have a 20-year mine life (2019-28), during which time 3.2 million ounces of gold are expected to be recovered.
From 2021 onwards, the average annual output will be 350,000 ounces. That number will rise to 420,000 ounces going forward until 2024.
The Canadian miner acquired Los Filos mine from Goldcorp in January 2017, in a deal valued at $438 million.
The gold giant had put the operation on the block the previous year, under a push to prioritize its biggest and best mines.
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BMW Motorrad Vision DC Roadster : la moto électrique radicale
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Voie lactée : le halo de notre Galaxie s’étend sur 520.000 années-lumière !
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Oppo dévoile la première caméra selfie intégrée sous l'écran
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Une énergie noire variable, la solution de l'énigme de l'expansion de l'univers ?
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L’agriculture biologique est bonne pour les abeilles
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Un antibactérien dans le dentifrice augmenterait le risque d'ostéoporose
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La Nasa choisit deux missions pour explorer la couronne solaire
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Cette bactérie du microbiote est la clé des performances sportives des athlètes
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Les équipements Huawei beaucoup plus vulnérables aux pirates
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Des chercheurs inventent un microscope qui marche à l’ADN
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Mini Cooper SE : la Mini électrique se dévoile furtivement en vidéo
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Les bactéries de nos intestins mangent les médicaments que nous prenons !
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mardi 25 juin 2019
Nasa : qui sera la première femme à marcher sur la Lune ?
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Purepoint brings fresh look to Smart Lake JV
Toronto-based Purepoint Uranium Group is preparing for the restart of exploration at the Smart Lake joint venture in the southwest portion of the Athabasca Basin. This is a partnership of Purepoint (27%) and Cameco Corp. (73%)
Purepoint has been active at the Hook Lake project and the Patterson Lake corridor. Now it is planning to take its increased understanding of the western Athabasca geological setting and revisit Smart Lake.
The drill core from the original drill campaigns at Smart Lake is to be re-examined and re-logged by a team including members from both Purepoint and Cameco. Purepoint earlier conducted a soil geochemical survey and 2,539 metres of diamond drilling in 10 holes. The drilling intersected a hydrothermally altered, graphitic shear zone that included 13.3 metres of 127 ppm uranium only 200 metres below surface.
This article first appeared in the Canadian Mining Journal
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Lightyear One, la voiture électrique solaire qui promet plus de 700 km d'autonomie
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Surprise ! Le manteau de la Terre pourrait être magnétisé
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Des opérateurs de téléphonie mobile piratés depuis 7 ans !
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L’éruption explosive sensationnelle du volcan Raikoke vue de l’espace
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Google va créer un « quartier intelligent » à Toronto
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Endeavour Mining ups reserves at flagship Houndé mine in Burkina Faso by 41%
West Africa-focused Endeavour Mining (TSX: EDV) has reported a 41% increase in reserves at its flagship Houndé mine in Burkina Faso after a large portion of the Kari Pump maiden estimate for measured and indicated resource was converted to reserves.
The company said it planned to start mining at Kari Pump, located about 7 kilometres west of the Houndé processing plant, as soon as during the last quarter of this year.
The gold producer note Kari Pump holds a 7.3 million tonne reserve grading 3.01g/t for 710,000 ounces. It’s one of three discoveries made in the large Kari gold-in-soil anomaly which covers a 6km-long by 2.5km-wide area.
Based on a gold price of $1,250 per ounce, the project’s gold reserves had been converted into probable reserves out of an indicated resource base of 796,000 ounces, representing a conversion ratio of 89%.
This increases the Houndé mine’s proven and probable reserves to 34.8-million tonnes, at a grade of 2.19 g/t gold, for 2.45-million ounces of gold.
The company highlighted that the Kari Pump discovery represented only 35% of the Kari gold-in-soil anomaly.
Endeavour president and chief executive, Sébastien de Montessus, said the company will soon publish drill results from the ongoing 2019 Houndé exploration program, which is mainly focused on the nearby Kari West and Kari Center discoveries. There, Endeavour we expects to define maiden resources and reserves before the end of the year.
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ISS : trois astronautes de retour sur Terre après plus de six mois dans l’espace
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Ces médicaments courants augmentent le risque de démence de 50 %
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Vie sur Mars : Curiosity a encore détecté du méthane !
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La Nasa a été piratée par un Raspberry Pi, le plus petit ordinateur du monde
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Deux exoplanètes comme la Terre découvertes tout proches de nous
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SpaceX : revivez en images le spectaculaire lancement de nuit du Falcon Heavy
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Une sonde interstellaire pour explorer Proxima b testée dans l’atmosphère
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Le DLR veut des lanceurs réutilisables plus performants que le Falcon 9
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Pili cultive les bactéries pour fabriquer des colorants biodégradables
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Des vautours africains en voie d'extinction après un empoisonnement massif
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lundi 24 juin 2019
Fibromyalgie : enfin une explication aux douleurs ?
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First Quantum ships first concentrate from Cobre Panama
First Quantum Minerals of Toronto said the first shipment of copper concentrate from the $6.3-billion Cobre Panama project has left port. The open pit mine and mill, located 120 km west of Panama City, is owned 90% by First Quantum and 10% by Korea Mining Corp.
The first ship departed the Punta Rincon port at Cobre Panama on June 19, 2019, carrying 3,377 wet tonnes of concentrate. The second ship has already docked and will load about 44,000 wet tonnes of concentrate. First Quantum said it expects to make shipments every two to three weeks.
Cobre Panama is on track to produce between 140,000 and 175,000 tonnes of copper in 2019 as the ramp up continues. The goal is to produce 300,000 tonnes annually.
The mine has measured and indicated resources of 3.7 billion tonnes grading 0.37% copper and inferred resources of 1.1 billion tonnes at 0.26% copper. The ore also contains molybdenum, gold and silver.
This article first appeared in the Canadian Mining Journal
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Wallbridge drills more excellent grades at Fenelon
Toronto-based Wallbridge Mining Co. is no stranger to high grades as the company continues to drill its Fenelon gold property 75 km northwest of Matagami. It is all there – high grades, visible gold and broadly mineralized intervals.
The 2019 exploration goal is to expand the known footprint of the mineralization and demonstrate the growing size potential. Here are some highlights:
- Hole 19-0925-005A – 3.93 g/t gold over 20.7 metres, including 55.95 g/t over 1.24 metre in the Tabasco corridor;
- Hole FA-19-054 – 3.61 g/t gold over 19.0 metres including 9.31 g/t over 2.83 metres and 6.19 g/t over 2.6 metres also in the Tabasco corridor; and
- Hole FA-19-059 – 3.28 g/t gold over 17.6 metres (including 7.74 g/t over 1.83 metre and 72.35 g/t over 0.4 metre) included within a broad stockwork grading 1.02 g/t over 78.3 metres in the Area 51 corridor.
Wallbridge VP exploration Attila Penteck said the intersection of 3.61 g/t gold over 19.0 metres in hole FA-19-054 was a surprise. “Such significant mineralization has previously not been observed to be hosted by the sedimentary package at Fenelon, highlighting the fact that we now have multiple mineralization styles and host lithologies within the rapidly growing footprint of the Fenelon gold system.”
The company says underground drilling continues to intersect high grades at the Naga Viper zone. Highlights include:
- Hole 19-0970-001 – 64.69 g/t gold over 0.5 metre;
- Hole 19-1035-003 – 16.66 g/t gold over 2.3 metres; and
- Hole 19-0985-003 – 17.93 g/t gold over 0.65 metre.
This article first appeared in the Canadian Mining Journal
from MINING.COM http://bit.ly/2X4mE0K
Continental Gold drills visible gold at Buriticá; stock at 9-month high
Continental Gold Inc. (TSX:CNL) today announced assay results from initial exploration at its Buriticá project in Antioquia, Colombia. Visible gold was encountered in all four drill holes.
Highlights of the latest drill results include 44.90 g/t gold over 1.20m, 582.00 g/t gold over 0.50m and 47.20 g/t gold over 0.50m. The company points out that these intercepts are grading “significantly higher” than the current inferred mineral resource estimate for this target area.
Shares of Continental Gold jumped nearly 5% on Monday morning to a 9-month high of C$3.47. Its market capitalization stands at C$647.6 million.
The Toronto-based gold miner is currently in the process of completing a 73,500m definition and exploration drill program at Buriticá this year. Construction of the project was 67% complete as of May 31, 2019, and the first gold pour is earmarked for H1 2020.
The Buriticá project, with an estimated 3.71 million ounces in mineral reserves, has attracted the interest of major miners such as Newmont, which earlier this year backed the company with a $50 million financing.
from MINING.COM http://bit.ly/2KD3VCL
Amazon veut utiliser ses drones de livraison pour faire de la surveillance de domicile
from Les dernières actualités de Futura-Sciences http://bit.ly/2X3fJjz
Vie sur Mars : Curiosity détecte son taux record de méthane
from Les dernières actualités de Futura-Sciences http://bit.ly/2ZK4ePo
En vidéo : rares images d'un calmar géant dans le Golfe du Mexique
from Les dernières actualités de Futura-Sciences http://bit.ly/2J0MkBo
Nager dans l’océan modifie le microbiote de notre peau
from Les dernières actualités de Futura-Sciences http://bit.ly/31U29lV
La nouvelle horloge atomique de la NASA sera 50 fois plus précise que les GPS
from Les dernières actualités de Futura-Sciences http://bit.ly/2WYjMgH
Le Raspberry Pi 4, le plus petit ordinateur du monde, revient à la charge
from Les dernières actualités de Futura-Sciences http://bit.ly/2Y5CmVO
Un restaurant autonome avec un robot pizzaiolo va ouvrir en septembre en France
from Les dernières actualités de Futura-Sciences http://bit.ly/2J5nK29
Voici le narluga, premier hybride entre un narval et un béluga
from Les dernières actualités de Futura-Sciences http://bit.ly/2X48Xyw
Disney lance une collection de meubles Star Wars
from Les dernières actualités de Futura-Sciences http://bit.ly/2X0lxKi
L’emblème de Star Trek vu sur Mars
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Seti : c'est toujours le silence radio avec les civilisations extraterrestres
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dimanche 23 juin 2019
Philips lance Trulifi, la solution la plus rapide de Wi-Fi par la lumière
from Les dernières actualités de Futura-Sciences http://bit.ly/2KzJTcc
De quelle couleur sont ces boules ? Cette illusion d'optique bluffante captive les internautes
from Les dernières actualités de Futura-Sciences http://bit.ly/2Y6Ykrv
Science décalée : les requins victimes de la musique des vidéos
from Les dernières actualités de Futura-Sciences http://bit.ly/2WYxsbH
La galaxie fantôme Antlia 2 a laissé des vagues dans la Voie lactée
from Les dernières actualités de Futura-Sciences http://bit.ly/2N9pr3W
samedi 22 juin 2019
Science décalée : s’énerver plus pour vivre plus
from Les dernières actualités de Futura-Sciences http://bit.ly/2ZGAlzs
La galaxie fantôme Antila 2 a laissé des vagues dans la Voie lactée
from Les dernières actualités de Futura-Sciences http://bit.ly/31LMV2o
vendredi 21 juin 2019
Chile’s Codelco has already lost $17.5 million on Chuquicamata strike
Chile’s Codelco, the world’s largest copper producer, has already lost $17.5 million due to an ongoing strike at its Chuquicamata copper mine, its largest operation, as the labour action enters week two.
About 3,200 unionized workers in Chile downed tools on June 14, after failing to reach a deal with the state-owned miner.
According to local mining consultant PLUSmining, the copper giant is losing about $2.5 million per day in missed production, estimated in 500 tonnes per day.
That means the impact on Codelco’s revenue is already of the tune of $17.5 million, while lost production amounts to about 3,500 tonnes.
The company, which last month reported an 18% year-on-year drop in its first-quarter copper output, is in the midst of a $5.6 billion project to turn century-old Chuquicamata, its second largest copper operation by size, into an underground mine.
The last blast at the bottom of the open pit was carried out in November, though copper extraction goes on. The company has said it plans to gradually decrease activities
Chuquicamata’s switch is part of Codelco’s 10-year, $39 billion-overhaul of its core assets, and is expected to extend the iconic mine’s life by at least 40 years. It will also allow the copper giant to keep up production rates, despite falling ore grades and increasing costs at its operations.
Annual production from “Chuqui” — as locals call it — once it has fully transitioned to underground extraction is projected to be 320,000 tonnes of fine copper and 15,000 tonnes of molybdenum.
Codelco, which hands over all of its profits to the state, holds vast copper deposits, accounting for 10% of the world’s known proven and probable reserves and about 11% of the global annual copper output with 1.8 million metric tonnes of production.
Ugly trend
The world’s main copper producing nations have been showing output declines this year, according to the International Copper Study Group (ICSG).
Global production declined 2.4% in February 2019, when compared to the same month last year, with 1,515kt (19,749ktpa) of contained copper produced globally.
Chile led the pack with output down 7.1 % y/y to 415.9kt (5,412ktpa) while Peru, the second main global producer, saw its output fall by 5.1% y/y to 176.1kt (2,296ktpa).
from MINING.COM http://bit.ly/2Fnt5Rs
Sur 17.000 portefeuilles perdus dans le monde, combien ont été rendus ?
from Les dernières actualités de Futura-Sciences http://bit.ly/2Y3hkqN
La sonde Osiris-Rex bat un nouveau record autour de l’astéroïde Bennu
from Les dernières actualités de Futura-Sciences http://bit.ly/2Y1KkiJ
Les secrets de la jeunesse du Soleil sont enfouis dans les roches lunaires
from Les dernières actualités de Futura-Sciences http://bit.ly/31Q2ru3
L'astronaute Thomas Pesquet prêt à aller sur la Lune
from Les dernières actualités de Futura-Sciences http://bit.ly/2L6Y73I
Un séisme de magnitude 5,2 a secoué l’ouest de la France
from Les dernières actualités de Futura-Sciences http://bit.ly/2x5qA1x
Luna Cycle propose un VTT électrique enduro carbone de 2.000 watts !
from Les dernières actualités de Futura-Sciences http://bit.ly/2IySqtX
Canada’s Trans Mountain pipeline work greenlighted for fall
Providing there are no excessive regulatory delays, work on the Trans Mountain pipeline expansion should resume in late summer or early fall, and oil should be flowing through a new pipeline by the second or third quarter of 2022, says Ian Anderson.
The former Kinder Morgan Canada (TSX:KML) president, who is now CEO of the Trans Mountain Corporation – a Crown-owned company – spoke to the media Wednesday, June 19, one day after Prime Minister Justin Trudeau once again gave the pipeline twinning project the green light.
Work on the expansion project was halted in August 2018 by the Federal Court of Appeal.
The expansion project involves the twinning of the existing Trans Mountain pipeline, which runs 1,150 kilomtres from Edmonton to Burnaby, and the expansion of the Westridge Marine Terminal in Burnaby.
The new second line will be dedicated to crude oil, while the existing pipeline will remain a batched pipeline that can move a variety of petroleum products, including refined fuels.
Before work can recommence, Anderson said the company needs a certificate from the National Energy Board (NEB). Hundreds of permits are also needed from the province and municipalities.
“If things go according to plan, I can see shovels in the ground in September – early September”
CEO, Trans Mountain Corporation
Prior to the work being halted last year, there were a number of NEB condition filings that had to be made, variances approved, and route hearings to determine specific route locations.
“The process we’ve got to go through now with them is how to, in effect, bring forward or reinstate all of that work so we can commence again from a place we were before,” Anderson said. “That process will take, hopefully, some number of weeks, and not months, to solve.
“If things go according to plan, I can see shovels in the ground in September – early September,” Anderson said.
Timing is important, since there are seasonal construction windows that limit when the work can be done. There are, for example, migratory bird and fisheries windows the company must work within. And the season for work on the Coquihalla is short, because winter comes early and stays late at higher elevations.
Delays add to costs. Anderson confirmed that the project will likely exceed the last capex estimate of $7.4 billion, but could not say if it will come closer to the $9.3 billion that the Parliamentary Budget Officer estimated in January.
“I can give you some certainty that the number will north of 7.4 (billion) and I’ll disclose a final number in due course,” he said.
“Once there’s more certainty on that regulatory process and we know when we can get back to work, we’ll be in a better position to provide an update on both the specific schedule and project costs. As you can appreciate those two are connected.
“We all know that delays are going to push up costs. We’re also hitting a different market in terms of competing projects and access to labour.”
Indeed, the project will be competing with the $40 billion LNG Canada project for workers, which is expected to need 10,000 workers at peak construction.
The Trans Mountain twinning project will require 5,000 to 6,000 workers at peak construction, Anderson said.
Once work does begin, it will start in Burnaby, at the Westridge Marine Terminal, and on the spread west of Edmonton and east of Jasper National Park in Alberta. The next sections will be the Edmonton area and North Thompson region north of Kamloops.
About 30% of the steel pipe needed for the project has been delivered and is now being stored at sites along the route.
As part of its additional consultations with First Nations, the Trudeau government added eight accommodation measures, one of which could result in the rerouting of the section of pipeline that passes through the Coldwater Indian Band’s reserves near Merritt.
“I am committed to Coldwater to consider routing alternatives that meet our mutual interests,” Anderson said. “We have several alternatives that we’re prepared to consider.”
Should a deviation be needed, it would require NEB approval.
“Our schedule, at this stage, we don’t believe is at any risk of that determination,” Anderson said. “We have time built into the schedule to accommodate any route deviation at coldwater that we agreed to with them.”
The original commissioning date for the project was originally 2021. Anderson now estimates the new commissioning date to be the second or third quarter of 2022.
from MINING.COM http://bit.ly/2WYLGxY
Vos publications Facebook trahissent votre état de santé
from Les dernières actualités de Futura-Sciences http://bit.ly/2x3z49F
OEMs a barrier in transition to autonomy in mining — report
As the mining sector strives to secure safety improvements, productivity gains and other benefits offered by a fully autonomous mine, a new report, Accessing the Fast and Furious Pace of Autonomy to Transform Mining by Clareo and Twin argues the closed and proprietary systems of the major original equipment manufacturers (OEMs) are a barrier.
The paper examines the sector’s opportunity to tap into the broader autonomy ecosystem’s rapid innovation advances to accelerate its efforts towards fully autonomous mines.
However, the goal of a fully autonomous mine will remain a distant vision if the current closed and proprietary OEM solutions continue to dominate, Clareo and Twin say.
The study finds technology and business model obstacles in pursuing full autonomy and urges the mining sector to create open and interoperable standards.
The benefits from achieving autonomous mining operations are significant, ranging from improving health and safety by removing people from hazardous environments, to improving productivity, reducing costs, and improving levels of mineral resource recovery, the report states.
As the ultimate opportunity, Clareo and Twin say, is to totally reimagine the design and operation of a mine, it is no surprise that the mining sector, along with defense, was an early mover in autonomy.
However, despite nearly 15 years of development, less than 3% of mobile equipment in mining is autonomous, the report reveals.
The paper argues that while there have been some successes, the results to date indicate that the mining industry has lacked consistent leadership on autonomy development.
Clareo and Twin say that with solutions sourced from mining OEMs, the industry has largely been deprived of the innovations resulting from investments in the wider autonomy space, which have played out over the past three years, and are expected to continue into the foreseeable future. Read the full report here
from MINING.COM http://bit.ly/2FovlI5
Vivo dévoile le chargeur pour smartphone le plus rapide du monde
from Les dernières actualités de Futura-Sciences http://bit.ly/2RpDtNx
Bourget 2019 : l'ESA veut intercepter une comète
from Les dernières actualités de Futura-Sciences http://bit.ly/2L5Zos0
Une journée de travail par semaine suffit pour booster la santé mentale
from Les dernières actualités de Futura-Sciences http://bit.ly/2IW35O6
Bourget 2019 : la Terre comme vous ne l'avez jamais vue avec le satellite Prisma
from Les dernières actualités de Futura-Sciences http://bit.ly/31Hxmc9
De la colle en réponse au réchauffement climatique pour capturer le CO2
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jeudi 20 juin 2019
Un lien direct découvert entre fibromyalgie et microbiote
from Les dernières actualités de Futura-Sciences http://bit.ly/2N16Reu
Nordgold to buy $8m Arakaka project previously backed by Barrick
Russia-based Nordgold SE has entered an option agreement on the Arakaka gold project in Guyana, under which it can acquire the project from Australia’s Alicanto Minerals Ltd (ASX: AQI) for a total of $8 million.
Located in Guyana’s Northwest Mining District, the Arakaka project comprises a permit area totalling 300 square kilometres. Current exploration activity at Arakaka is focused on four target areas with near to medium term resource potential.
Alicanto will remain operator of the project for the first 12 months overseeing the exploration program. Drilling will begin as soon as practicable, with Nordgold required to spend at least $1.5 million to fund exploration.
In June 2018, Barrick Gold Corp. pulled out of its earn-in agreement on the Arakaka project after spending $7.1 million on regional reconnaissance programs, leaving Alicanto with 100% ownership.
Previous explorers at Arakaka have spent more than $20 million on the project.
from MINING.COM http://bit.ly/31N2AhN
Trench cutter sets record depth at Rio Tinto diamond JV
Earlier this week, the first 228 metre bulk sample was successfully completed by a Bauer trench cutter at the FalCon diamond evaluation project in Saskatchewan, Canada, jointly owned by Rio Tinto and Star Diamond Corp.
A depth of this magnitude has ever been reached using a trench cutter in a commercial application. Trench cutters are normally used in specialist foundation engineering, and this is an innovative use in the exploration and mining industry.
“Groundbreaking, in more ways than one, this is a significant milestone in using proven technology for a very different application,” comments Rio Tinto project director Gary Hodgkinson.
Through the FalCon project, Rio Tinto and partner Star Diamond are seeking to determine the commercial viability of the Fort a la Corne kimberlite fields.
The Bauer equipment was first tested in September 2018. After a long winter break, operation started at the end of May 2019.
As part of this process, the kimberlite is washed and bagged into bulk bags for further evaluation in multiple steps by Rio Tinto, according to Bauer.
The kimberlite at the FalCon project is washed and bagged for evaluation, and Rio Tinto expects to execute additional bulk samples later this year.
from MINING.COM http://bit.ly/2KtLP69
IAMGOLD stock sees biggest jump in 4 years on rumors of Chinese bid
Shares of IAMGOLD Corp. (TSX: IMG) surged over 9% on Thursday — its biggest jump in four years — amid whispers of a possible bid from China. The nation’s second-biggest gold mining company, China National Gold Group Corp., is said to be considering a bid for a stake in IAMGOLD, according to BNN Bloomberg’s latest report.
So far the report only says the state-owned gold miner is in discussions with financial advisers regarding a potential offer. China National Gold has not responded to the bid rumors.
Just last month, IAMGOLD went public to address reports of a planned asset sale, stating there were no material changes in the company. However, the Toronto-based gold miner also did not openly deny it might be in talks with advisers and potential buyers.
China National Gold is the largest shareholder of Hong Kong-listed China Gold International Resources Corp. and Shanghai-traded Zhongjin Gold Corp.
IAMGOLD currently operates four mines — three in Africa and one in Canada — producing a total 882,000 ounces of gold last year. The company’s most recent quarterly results fell short of analyst expectations, and earlier this year, it cut workforce at the Westwood mine by 32%.
Reports of IAMGOLD exploring an asset sale followed shortly after its Q1 release.
A week prior, CEO Stephen Letwin said at the Mines & Money conference in New York that “we are going to see consolidation” and “there are too many mid-tier miners” — commenting on the sizable mergers that have materialized in the industry. Letwin added that IAMGOLD gets “a lot of interest” from Chinese investors.
from MINING.COM http://bit.ly/2Iv9ykg
Alma observe la plus vieille fusion de galaxies connue à ce jour
from Les dernières actualités de Futura-Sciences http://bit.ly/2WVxocK
L’information agit comme une drogue
from Les dernières actualités de Futura-Sciences http://bit.ly/2ZB1G6a
Le Groenland pourrait fondre complètement d’ici la fin du millénaire
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Elle a transformé une Tesla Model 3 en pick-up
from Les dernières actualités de Futura-Sciences http://bit.ly/2x3DlK9
Cyanide-free gold processing technology hits the market
A new technology that delivers commercial-scale, cyanide-free gold processing has been released by Australian-based company Clean Mining.
The process replaces cyanide with a safer, less hazardous chemical reagent called thiosulphate. This inorganic compound helps dissolve fine gold out of ores into a solution, which can then be recovered through further processing.
The new technology was developed over more than a decade by Australia’s national science agency, CSIRO, and trialed in Australia in 2018 with Clean Mining’s parent company – Eco Minerals Research Limited. This trial proved the thiosulphate solution could extract gold from ore at an industrial scale.
Following this Clean Mining negotiated exclusive rights to sell and distribute new cyanide-free gold processing technology worldwide.
Clean Mining’s managing director Jeff McCulloch said the deal now allows Clean Mining to launch the new technology solution and begin its global sales and distribution program.
“The world has been waiting for a cost-effective, non-toxic solution to gold processing and Clean Mining now offers that solution,” McCulloch said in a statement.
About 75% of gold extracted from ore is currently processed using cyanide or mercury, which are toxic to humans and the environment.
These chemicals are often contained in large storage tanks and, once used, expelled into large tailing dams that can potentially leach into the local surroundings.
“Eliminating cyanide and the associated tailing dams from the gold recovery process is a game-changer for the sector and, importantly, for the communities where gold miners operate,” Mr McCulloch said.
Clean Mining will initially target small to mid-scale miners who can benefit from the cost-effective leaching ore processing solution, which includes a plug-and-play plant that can be customized and scaled to meet individual needs.
from MINING.COM http://bit.ly/31KdZiB
Bourget 2019 : la Jaxa, le Cnes et le DLR enverront un rover sur une lune de Mars
from Les dernières actualités de Futura-Sciences http://bit.ly/2IrxDs6
Réchauffement climatique : cessons d’ignorer les microbes, la majorité invisible
from Les dernières actualités de Futura-Sciences http://bit.ly/2Zvmvjs
Contamination radioactive de la Loire : faut-il s’alarmer ?
from Les dernières actualités de Futura-Sciences http://bit.ly/2x6TeiU
Un ours polaire affamé perdu à des centaines de kilomètres de la banquise
from Les dernières actualités de Futura-Sciences http://bit.ly/31H3b4K
IBM découvre une faille dans des répéteurs Wi-Fi
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Réchauffement climatique : ces rayures illustrent l’histoire des températures de votre pays
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La France est championne du monde des anti-vaccins
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Réchauffement climatique : les microbes ne sont pas assez pris en compte, préviennent les chercheurs
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La photo choquante du Groenland transformé en lac par la fonte des glaces
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Ce mollusque mange des cailloux
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mercredi 19 juin 2019
Cancer : un médicament prometteur inspiré des éponges de mer
from Les dernières actualités de Futura-Sciences http://bit.ly/2KrLqAS
Gold price jumps to 5-year high
Gold reached a five-year high on Wednesday breaking through a major resistance level after the US Federal Reserve signalled a rate cut is in the offing.
Gold for delivery in August, the most active futures contract trading in New York, reached an intraday high of $1,366.60 an ounce, up 1.3% from yesterday settlement price and the highest since mid-March, 2014.
Gold is up 6.6% this year, finding support from safe haven buying amid geopolitical worries and trade tensions, but expectations of lower interest rates and a drop in bond yields in the US saw the metal finally breaking through $1,360, considered a major resistance level.
The relationship between long-term interest rates in the US (as proxied by 10-year Treasurys) and the gold price is strongly negative. The yield on the 10-year note fell to 2.023% on Wednesday, the lowest since the election of Donald Trump on November 8, 2016.
Rising real interest rates raises the opportunity costs of holding gold because the metal provides no yield and investors have to rely on price appreciation for returns. Lower rates also makes the dollar which usually move in the opposite direction of the gold price, less attractive.
Ross Norman, CEO Sharps Pixley, the largest bullion broker in London, told Wealthadviser on Tuesday, that gold could be in the very early stages of a bull run:
“We are seeing distinct similarities with the very early bull run in the late 1990s, just before we saw that inflection moment. There was massive despondency in the physical market for gold, increasing M&A amongst the miners and a market tracking sideways with falling prices and falling volatility.
“Everything changes once we break through $1,360; it is the mother of all resistance levels. […] Once we breach that, we should see a steady rise to around $1,800 an ounce.
“A combination of central bank buying, surging demand from institutional investors for gold ETFs and increased activity on Comex means that the mood is very positive towards gold. It’s only the retail investors that are late to the party.”
from MINING.COM http://bit.ly/2WUSoQK
Liberty Gold stock hits 52-week high on new drill results
Liberty Gold Corp. (TSX: LGD) announced today that it has intersected thick intervals of high-grade gold mineralization at its Black Pine project in Idaho. Highlights of the latest drill results include: 1.78 g/t Au over 47.2 m, 1.51 g/t Au over 48.8 m and 1.45 g/t Au over 45.7 m. Six of the ten reported drill holes had grades above 1.12 g/t.
“After two years of preparatory compilation, modeling and permitting, our expectations were high, and these holes did not disappoint,” says President and CEO Cal Everett.
Drilling is continuing at the Black Pine project. The company is awaiting results from four additional holes at the same target zone.
Located in the northern Great Basin, next to the Utah/Idaho border, the Great Pine project draws comparison to many deposits located along Nevada’s Carlin trend. The historical Black Pine mine (1992-1997) produced a total of 435,000 ounces of gold at an average grade of 0.63 g/t.
Shares of the company rose by more than 8% during Wednesday’s trading session, at one point hitting a 52-week high of C$0.51. Its market capitalization has now reached C$93 million.
from MINING.COM http://bit.ly/2MVKuHd
Newtrax joins Sandvik Group
Newtrax Technologies, a leading provider of safety and productivity systems for underground hard rock mines – has been acquired by Swedish business Sandvik to be run as an independent business unit within the Rock Drills and Technologies division of the Sandvik Mining and Rock Technology business area.
The combined expertise of Sandvik and Newtrax will create the most powerful, streamlined digital solution to improve safety and efficiency for underground hard rock mines with Newtrax’s leading technology in wireless IoT connectivity and Sandvik’s leading suite of digital tools for analyzing and optimizing mining production and processes, including OptiMine and My Sandvik.
“By including Newtrax into the Sandvik family, we further strengthen our leading position in areas related to automation and digitalization,” says Henrik Ager, president of Sandvik Mining and Rock Technology.
Founded in 2009, Newtrax started as a university project led by Alexandre Cervinka, founder and CEO, with co-founder Vincent Kassis. In 2014, Newtrax received a major investment from Jolimont Global Mining System, an Australian private equity investor in high growth mining equipment, technology and services.
Since acquiring the mining division of ISAAC Instruments in Q4 2016, Newtrax has reinforced its position as the world leader in vehicle telemetry systems for underground hard rock mines.
Newtrax will operate as an independent business unit committed to having an open architecture and will continue to interface with other vendors in the mining digital ecosystem.
“By joining Sandvik Group, we can now confidently say that we have the world’s leading digitization solution for underground mining customers,” said Cervinka.
Newtrax generated revenues of approximately $26 million with 120 employees in 2018. Newtrax customers are the largest producers of metals in the world.
This story first appeared in Canadian Mining Journal.
from MINING.COM http://bit.ly/2Rsf9KL
Northern Dynasty funds next steps at Pebble project
Vancouver-based Northern Dynasty Minerals, sole owner of the Pebble project 300 km from Anchorage, has arranged a US$5 million bought deal financing that will allow it to continue the 2019 field program and complete the environmental impact statement for the world’s largest undeveloped copper-gold deposit.
The lead underwriter is Cantor Fitzgerald Canada. That company and a syndicate of underwriters has agreed to purchase 12.2 million common shares of Northern Dynasty at a price of US$0.41 each, for gross proceeds of US$5.0 million. The underwriters have been given an over-allotment of an additional 1.83 million shares worth another US$750,000. The underwriters will also receive a 6.0% commission on the gross proceeds. The deal is expected to close on June 24, 2019.
Northern Dynasty says it continues to explore long term product financing options. Additional funding for the project is required by the end of 2019.
When the preliminary economic assessment was delivered in 2011, the cost of the Pebble project was estimated at US$5.76 billion. That is likely to change as the project goes forward and is de-risked.
Using a copper equivalent cut off of 0.3% for an open pit mine, the Pebble deposit has measured and indicated resources of 6.46 billion tonnes grading 0.40% copper, 0.34 g/t gold, and 240 ppm molybdenum. The inferred resource is 4.45 billion tonnes averaging 0.25% copper, 0.25 g/t gold, and 226 ppm molybdenum.
This story first appeared in Canadian Mining Journal.
from MINING.COM http://bit.ly/2Is8Rbc
PDAC to host 2021 Frank Arnott prize

Frank Arnott championed innovative exploration techniques (Image: Prospectors and Developers Association of Canada)
The Frank Arnott Award Committee is delighted to announce that the Prospectors & Developers Association of Canada (PDAC) will proudly host the inaugural Frank Arnott – Next Generation Explorers Award focused exclusively on bringing together the education and mineral resource sectors to address key industry challenges around the utilization and interpretation of exploration-relevant data.
The Frank Arnott challenge is intended to provide a means for geoscience students to “bridge the real world skills gap” by working collaboratively on an unstructured problem that will hone both their university acquired and collaborative group skillsets on relevant applications used in the minerals exploration industry.
“The future success of our industry and its ability to create prosperity and positive change for communities around the world rests in future generations leading the way,” says PDAC president Felix Lee. “These students will develop and define the landscape of tomorrow, and we are honored that the best and brightest will gather and be recognized at PDAC 2021.”
This challenge is open to students who are either currently enrolled in an undergraduate or post-graduate earth science degree. Students will have the opportunity to collaborate within multi-disciplinary groups, gain hands-on experience working with modern data types encountered in real-world employment scenarios, improve leadership and team-based soft skills, receive feedback and recognition by the mineral exploration industry, as well as expand industry networks and employment opportunities.
The finalist presentations and awards ceremony for Frank Arnott – Next Generation Explorers Award will take place during the PDAC convention in March 2021.
The Next Generation Explorers Award is a non-profit organization, made up of volunteers, that are committed to supporting our future generation of explorers through collaborative and relevant events like the Frank Arnott Award.
This article first appeared in Canadian Mining Journal
from MINING.COM http://bit.ly/2IrYfZV
Jervois completes merger with M2 Cobalt
Jervois Mining Ltd. (ASX: JRV) today completed its previously announced merger with M2 Cobalt Corp. (TSXV: MC) following receipt of approvals from both M2 Cobalt shareholders and the BC Supreme Court.
In light of the merger, Simon Clarke, former CEO and executive director of M2 Cobalt, joins the Jervois board as a non-executive director. He is a qualified CPA and securities lawyer with 25 years of senior management experience in the resource and energy sector with companies like OSUM Oil Sands and RailPower Technologies.
Also at Jervois, Stephen van der Sluys has stepped down as the director and interim CEO for the transition period, while Andy Eldelmeier, former CFO of M2 Cobalt, joins the team as interim CFO. Edelmeier was a partner at Strata Partners, a London-based corporate finance firm, where he advised on private equity financings and cross border M&A.
Earlier this year, Jervois also entered into an at-market merger with eCobalt Solutions Inc., which will require shareholder approval during a vote held on July 18, 2019. Following the mergers Jervois will be listed on the ASX and TSXV under the symbol JRV.
Acquiring M2 Cobalt gives Jervois access to the historic Kilembe mine and Kasese cobalt refinery in Uganda to support the company’s East African ambitions, the company says.
Written with material from Newsfilecorp.
from MINING.COM http://bit.ly/2Fm6BjK
Pourquoi Libra est critiquée avant même son lancement ?
from Les dernières actualités de Futura-Sciences http://bit.ly/2Fl4A7n
Notre civilisation pourrait s'effondrer en 2050
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Rio Tinto axes iron ore full-year forecast again
Rio Tinto (ASX, LON:RIO), the world’s second largest iron ore miner, has once again cut its production guidance for the commodity, this time due to operational problems, particularly in the Greater Brockman hub in Australia’s Pilbara region.
The company now expects to produce between 320 and 330 million tonnes of the steel making ingredient in 2019, down from a previous guidance of 333 to 343 million tonnes.
“Given the change in volume guidance, unit costs will be updated in the second quarter operational review [due on July 16],” Rio said in the statement. The company had been targeting unit costs of around $13 a tonne for 2019.
The news come on the same day its rival Vale (NYSE:VALE), the world’s no.1 iron ore producer, announced that it was is ready to fully resume operations at its Brucutu mine, the largest in the Minas Gerais state, within 72 hours.
The iron ore mine has been operating at a third of its 30 million tonne a year capacity since February, so its reopening is expected to bring 5.4 million tonnes of production forward this year.
Rio’s new forecasted output, however, will offset Vale’s restart, BMO analyst Edward Sterck said in a note Wednesday. He sees the announcement adding further tightness to the market and support iron ore prices.
“This is the third restart announcement since 21 March, so further delays cannot be discounted. Nonetheless, a restart could ease pressure on the iron ore price, although we note this announcement coincides with a 10m cut to iron ore guidance from Rio,” Sterck said.
The miner last cut his full-year iron ore production outlook in April after reporting a 14% drop in iron ore shipments in the first quarter, amid disruption caused by a tropical cyclone that hit its export terminal in Western Australia.
Iron ore prices have climbed this year on the back supply disruptions and record steel production in China.
from MINING.COM http://bit.ly/2Irhenh