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Earth Explorer is an online source of news, expertise and applied knowledge for resource explorers and earth scientists. Sponsored by Geosoft.
December 7, 2016
Geosoft has added induced polarization and resistivity data inversion to its VOXI Earth Modelling 3D inversion software service. Geoscientists are now able to create detailed 3D models of conductivity and chargeability from IP and resistivity survey data with VOXI. The resulting models can assist in interpreting and targeting regions for mineral and environmental applications...
December 5, 2016
Some of the world's biggest oil companies showed up Dec. 5 and agreed to invest on the Mexican side of the Gulf of Mexico, proving that deepwater exploration still has a pulse despite challenging market conditions...
November 30, 2016
A regional-scale geophysical inversion of magnetic field data in the Ngamiland region of northwestern Botswana is now available for download from the Botswana Geoscience Portal, a partnership initiative of the Botswana Geoscience Institute, industry sponsors and Geosoft...
November 30, 2016
After a series of upgrades, the twin detectors of LIGO, the Laser Interferometer Gravitational-wave Observatory, have turned back on and resumed their search for ripples in the fabric of space and time known as gravitational waves. LIGO transitioned from their engineering test runs to full science observations at 8 a.m. Pacific Standard Time on November 30...
November 9, 2016
For the first time, the United States will host the international Volcano Observatory Best Practices workshop, previously held only in Italy. The workshop will take place this month in Vancouver, Washington. It is designed specifically for volcano observatories around the world and their staff to exchange ideas and best practices with each other...
October 4, 2016
USGS has completed a comprehensive assessment and inventory of potential mineral resources covering approximately 10 million acres of Federal and adjacent lands in Idaho, Montana, Nevada, Oregon, Utah and Wyoming...
October 3, 2016
Uganda is well endowed with mineral resources and, like many naturally-gifted African countries, is becoming keen on ensuring that these resources play a transformative role in its long-term structural transformation dream - the Vision 2040...
September 9, 2016
Conservation organization Rare announces the Meloy Fund for Small-Scale Fisheries at Our Ocean Conference. The Global Environment Facility, one of the largest funders of conservation worldwide, will be investing $6 million into the fund...
September 1, 2016
Scientists operating research aircraft over West Africa have detected organic materials in the atmosphere over a number of urban areas, contributing to concerns of the rise in pollution across the region...
August 17, 2016
International Geoscience Services have released a series of base metal prospectivity maps for the Ngamiland District of northwestern Botswana using free geodata available on the recently-launched Botswana Geoscience Portal, hosted by Geosoft. The maps identify favorable areas for copper, zinc and lead mineralization using geological, geochemical and geophysical datasets downloaded directly from the portal.
August 11, 2016
NexGen Energy reported the discovery of a new high grade zone of mineralization 4.7 km northeast of the Arrow Deposit as part of an on-going summer drilling program on its 100% owned, Rook I property, Athabasca Basin, Saskatchewan...
August 10, 2016
E.ON has confirmed that the two unexploded devices, detected along the Rampion offshore cable route will be safely disposed this week following the consultation with the Marine Management Organisation...
August 9, 2016
The oil industry’s history demonstrates clearly that new plays and prospects have long been found in mature basins that were thought to be well on the way to being squeezed dry. Through the acquisition of new data, developing new concepts and coming up with fresh interpretations, long-producing basins around the world from the North Sea to Malaysia have continued to reveal new riches...
August 8, 2016
Northern Shield Resources announced the results of the interpretation and modelling of the VTEM survey from the Séquoi Property in the Labrador Trough of Quebec . Séquoi is owned 100% by Northern Shield and is being explored for Noril'sk style Ni-Cu-PGE massive sulphides. After geophysical modelling and interpretation of the VTEM data from Séquoi, six VTEM anomalies of significant interest have been identified...
August 3, 2016
Rio Tinto will put the weight of an exploration big data push and its newly-formed Growth and Innovation group behind its desire to identify a "tier 1" copper asset. Speaking at the annual Diggers & Dealers conference in Kalgoorlie, Growth and Innovation group executive Stephen McIntosh said Australia was "overdue for a tier 1" mineral discovery of any type...
August 1, 2016
Tetra Tech announced that it has been awarded a $200 million, single-award contract by Naval Facilities Engineering Command (NAVFAC) Atlantic. Through the Comprehensive Long-term Environmental Action Navy (CLEAN) contract, Tetra Tech will provide environmental engineering support services to installations within the NAVFAC Atlantic Area of Responsibility...
May 3, 2016
This international project cooperates closely with CHEMSEA (Search and Assessment of Chemical Weapons) Project for and sharing and knowledge transfer...
April 12, 2016
Renewed optimism about the outlook for gold saw investors pile back into gold stocks, pushing many stock to 52-week highs in heavy volumes...
April 11, 2016
Medgold Resources is pleased to announce new assay results from contiguous rock-chip sampling from the Limarinho South zone at its Boticas gold project in Portugal, which include a highlight of 6.0m @ 5.7 g/t Au...
April 8, 2016
Nuclear energy currently provides around 11 percent of the world's electricity. China, the European Union, the United States, India, Russia, South Korea, and other nations’ have major existing fleets...
April 1, 2016
Gascoyne Resources Limited announced that it has received the final assay results from the 10,000 metre aircore exploration drilling programme...
March 26, 2016
After a significant reduction in investments over the past two years, oil companies can no longer overcome the production declines from legacy wells...
March 15, 2016
Subsea IMR provider, N-Sea, has signed a letter of intent with CERES Recherches & Expertise Sous-Marine and TechSub Industrie Environement, to provide subsea survey, installation and remediation services to the French offshore wind industry...
March 9, 2016
Optimism and opportunity abounded at the PDAC 2016 Convention of The Prospectors & Developers Association of Canada in spite of recent industry challenges...
March 3, 2016
6 Alpha Associates, a specialist risk consultancy practice, with expertise in the assessment and management of unexploded ordnance, has launched a dedicated explosive ordnance disposal division...
on February 8, 2016 library
Deloitte published its global mining report, Tracking the Trends 2016, which identifies the top 10 trends mining companies will face this year.
According to the report, weak commodity prices, declining grades and a falloff in demand from China will continue the global mining sectors’ downward cycle well into 2016. However, regulatory mandates, tax burdens and stakeholder expectations remain as high as ever.
“It’s an interesting time in the mining industry, just as during the super cycle, people imagined prices would go up forever, people now imagine the market will never recover,” said Philip Hopwood, Deloitte’s Canadian and Global Mining Leader. “Neither extreme is true, but cycle times are lengthening, which means it could take years to adjust to current market forces – but it’s still a cycle.”
The top issues facing mining companies in 2016 include:
1. Going lean: Operational excellence remains front and centre
In an effort to achieve true operational excellence, industry leaders are leveraging best practices from other industries and tackling difficult issues, including labour relations.
2. Innovation: Preparing for exponential change
Innovation is a critical theme for miners. However, many mining companies remain at the early stage of the adoption curve - placing most of their innovation focus on technological optimization of old techniques rather than looking for new ways to configure and engage externally. Short-term strategies miners should consider adopting include: enhanced innovation, collaborative ecosystems, digital workforce engagement, and improved asset management, aligning work processes with energy availability, 3D printing and modularization.
3. China’s transition: Looking for the silver lining
Given China’s influence on the global economy, miners should take steps to understand the global impact of the country’s domestic market trends – particularly as the Chinese Government follows an increasingly interventionist path. Concerns over currency weakness may spur Chinese enterprises to buy overseas assets over the short-term - including natural resources. To prepare for these incipient shifts, it would be worth miners considering extreme scenarios, developing plans relative to China’s investment initiatives and leveraging Chinese expertise in areas such as design, construction and financing.
4. Adjusting to the new normal
Commodity demand – particularly out of China - is down, but production is not falling. In fact, some producers have ramped up output to reduce unit costs, consolidate market share or avoid the costs associated with shutting down older mines.
5. Preparing for inevitable change
The global move towards renewables has threatened the outlook for thermal coal. Although fossil fuels are likely to continue playing a critical role in the global energy mix, the move to alternative power sources is inevitable.
6. Changing the nature of stakeholder dialogues
Old tactics no longer work. Instead, a new form of stakeholder engagement is needed - one that can demonstrably meet the demands of multiple groups. Miners should align their investments with the underlying needs of their disparate stakeholders to fully maximize opportunities.
7. Starved of finance, miners struggle to survive
Attracting capital has become harder than ever, as segments of the industry continue running at a loss. In response, companies will likely continue to seek out alternative sources of financing – even when the terms aren’t entirely in their favour.
8. Tax challenges will impact yesterday’s management
To keep pace with the evolving tax environment, companies should take steps to understand the financial implications of these new tax rules, assess their operational and corporate structures, take a fresh look at their management and engage with government stakeholders – especially where tax rules related to stability or production agreements threaten to change.
9. The M&A paradox: To buy or not to buy
Despite predictions of a pick-up in mining M&A, M&A deal values and volumes continue to disappoint. In fact, the most active deal flow in recent years has come from divestments and rescue-type deals. To take advantage of these opportunities, miners may want to consider buying counter-cyclically and thinking twice before divesting.
10. An expanded view of corporate and personal welfare
Industry risks related to both safety and security continue to grow. To enhance their safety records and security postures, miners may want to strengthen their safety procedures.
To view the report, visit www.deloitte.com/trackingthetrends.