Jeudi 28 avril 2011

How much the earthquake and tsunami hurt copper consumption

Copper prices got an unexpected boost, Tuesday, due to the release of data showing that China’s refined copper imports rose 21.5 percent over February levels. The cement grinding mill manufacturing process news sent copper prices up 0.3 percent, a slight rise, however, the increase was not enough to offset February’s 36 percent decline. On Monday, copper plunged the most in seven weeks on the LME, over concerns that China, the world’s largest copper consumer, would step up monetary tightening in efforts to cool the economy. In Shanghai, the most popular copper contract, for July delivery, settled about 0.7 percent lower at the close of trading.

Despite the red metal’s recent rut, analysts and mining giants remain bullish on the metal’s near and long term prospects. This was evident yesterday, when gold miner Barrick Gold Corp (NYSE: ABX) announced that it would purchase of copper producer Equinox Minerals (TSE:EQN, ASX:EQN). Barrick’s bid trumped China’s Minmetals Resources Ltd. $6.5 billion offer to Equinox. Barrick bid a surprising $7.7 billion, 17 percent more than Equinox’s average share price over the last 20 days of trading. Due to terms of the agreement, Equinox will drop its bid for Canadian copper and zinc producer Lundin Mining Corp (TSE:LUN).

Barrick’s purchase of Equinox will give the gold miner exposure to copper through various assets, including Equinox’s Lumwana mine in Zambia. The deal would be the second-largest acquisition by Barrick, after its $10.2 billion purchase of Placer Dome Inc. Barrick will fund the deal via credit and cash including a $5 billion credit facility, underwritten by Royal Bank of Canada and Morgan Stanley. Barrick also has an existing $1.5 billion credit facility and $4 billion of cash as of Dec. 31.Commenting on the purchase, founder and chairman of the board Peter Munk announced that Barrick was not trying to become a diversified miner and copper is the only non-gold metal where it desires significant expansion, a clear indication that that the copper market is poised for some impressive gains.

Last week, Japan released data that give an insight into how much the earthquake and tsunami hurt copper consumption. Japan’s output of rolled copper product slid 3.7 percent in March from the same month last year, its biggest fall in 17 months. Seasonally adjusted output totaled 68,620 tonnes in March, down 2 percent from February, preliminary data from the Japan Copper and Brass Association showed on Tuesday. “We’ll see a more Gold mining equipment for sale direct impact of the plunge in Japanese car production in the coming months as there is usually a time lag of one or two months between copper production and car output,” according to an  industry official said. Industrial output will likely remain low in the next few months but recover gradually towards the summer as industrial activities restart, and the country commences rebuilding efforts.

Company news

First Nickel Inc. (TSE:FNI) will restart ore production at its Lockerby nickel/copper mine in the third quarter of this year, with a ramp-up to full production of 10 million pounds of nickel and seven million pounds of copper per year by mid-2012. First Nickel idled production  in October 2008, when the worldwide recession hit and the price of nickel dipped beneath $4 a pound.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), will pay a one-time 50-cent-a-share dividend and raised its 2011 sales forecast as the industrial metal traded close to a record. The world’s largest publicly traded copper producer announced that first-quarter net income climbed 67 percent to $1.5 billion, or $1.57 a share, from $897 million, or $1, a year earlier. Sales gained 31 percent to $5.71 billion from $4.36 billion. Freeport, forecast full-year copper sales of 3.9 billion pounds and gold sales of 1.6 million ounces, up from its prediction in January of 3.85 billion pounds and 1.4 million ounces respectively.

Capstone Mining Corp‘s (TSE:CS) said first-quarter production at its Cozamin and Minto mines fell 24 percent, due to lower mining rates and ore grades,  however, the company still stands behind its full year production forecast. The company said it produced 16.7 million pounds of Surface mining equipment manufacturer and machinery for sale cost copper in concentrates in the quarter, down from the 22 million pounds it produced a year ago. Capstone expects to produce 80-85 million pounds of copper in concentrates in 2011, as mining begins in the Avoca area in Mexico’s Cozamin and as is increases ore crushing rates at Minto, in the Yukon territory.

Par autmay - 0 commentaire(s)le 28 avril 2011

How much the earthquake and tsunami hurt copper consumption

Copper prices got an unexpected boost, Tuesday, due to the release of data showing that China’s refined copper imports rose 21.5 percent over February levels. The cement grinding mill manufacturing process news sent copper prices up 0.3 percent, a slight rise, however, the increase was not enough to offset February’s 36 percent decline. On Monday, copper plunged the most in seven weeks on the LME, over concerns that China, the world’s largest copper consumer, would step up monetary tightening in efforts to cool the economy. In Shanghai, the most popular copper contract, for July delivery, settled about 0.7 percent lower at the close of trading.

Despite the red metal’s recent rut, analysts and mining giants remain bullish on the metal’s near and long term prospects. This was evident yesterday, when gold miner Barrick Gold Corp (NYSE: ABX) announced that it would purchase of copper producer Equinox Minerals (TSE:EQN, ASX:EQN). Barrick’s bid trumped China’s Minmetals Resources Ltd. $6.5 billion offer to Equinox. Barrick bid a surprising $7.7 billion, 17 percent more than Equinox’s average share price over the last 20 days of trading. Due to terms of the agreement, Equinox will drop its bid for Canadian copper and zinc producer Lundin Mining Corp (TSE:LUN).

Barrick’s purchase of Equinox will give the gold miner exposure to copper through various assets, including Equinox’s Lumwana mine in Zambia. The deal would be the second-largest acquisition by Barrick, after its $10.2 billion purchase of Placer Dome Inc. Barrick will fund the deal via credit and cash including a $5 billion credit facility, underwritten by Royal Bank of Canada and Morgan Stanley. Barrick also has an existing $1.5 billion credit facility and $4 billion of cash as of Dec. 31.Commenting on the purchase, founder and chairman of the board Peter Munk announced that Barrick was not trying to become a diversified miner and copper is the only non-gold metal where it desires significant expansion, a clear indication that that the copper market is poised for some impressive gains.

Last week, Japan released data that give an insight into how much the earthquake and tsunami hurt copper consumption. Japan’s output of rolled copper product slid 3.7 percent in March from the same month last year, its biggest fall in 17 months. Seasonally adjusted output totaled 68,620 tonnes in March, down 2 percent from February, preliminary data from the Japan Copper and Brass Association showed on Tuesday. “We’ll see a more Gold mining equipment for sale direct impact of the plunge in Japanese car production in the coming months as there is usually a time lag of one or two months between copper production and car output,” according to an  industry official said. Industrial output will likely remain low in the next few months but recover gradually towards the summer as industrial activities restart, and the country commences rebuilding efforts.

Company news

First Nickel Inc. (TSE:FNI) will restart ore production at its Lockerby nickel/copper mine in the third quarter of this year, with a ramp-up to full production of 10 million pounds of nickel and seven million pounds of copper per year by mid-2012. First Nickel idled production  in October 2008, when the worldwide recession hit and the price of nickel dipped beneath $4 a pound.

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), will pay a one-time 50-cent-a-share dividend and raised its 2011 sales forecast as the industrial metal traded close to a record. The world’s largest publicly traded copper producer announced that first-quarter net income climbed 67 percent to $1.5 billion, or $1.57 a share, from $897 million, or $1, a year earlier. Sales gained 31 percent to $5.71 billion from $4.36 billion. Freeport, forecast full-year copper sales of 3.9 billion pounds and gold sales of 1.6 million ounces, up from its prediction in January of 3.85 billion pounds and 1.4 million ounces respectively.

Capstone Mining Corp‘s (TSE:CS) said first-quarter production at its Cozamin and Minto mines fell 24 percent, due to lower mining rates and ore grades,  however, the company still stands behind its full year production forecast. The company said it produced 16.7 million pounds of Surface mining equipment manufacturer and machinery for sale cost copper in concentrates in the quarter, down from the 22 million pounds it produced a year ago. Capstone expects to produce 80-85 million pounds of copper in concentrates in 2011, as mining begins in the Avoca area in Mexico’s Cozamin and as is increases ore crushing rates at Minto, in the Yukon territory.

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Par autmay - 0 commentaire(s)le 28 avril 2011
Mercredi 27 avril 2011

Oil Bottle Shredder main features

This is a newly developed patent pending oil bottle crusher, specially designed for small batches recycling of the HDPE plastic bottles from auto car maintenance shops and PET bottle crusher for bear and soft drinks. The grinder (granulator) can grind engine oil bottles, lubricant oil bottles, water bottles, and other liquid containers made of plastics. It reduces the size of bottle scraps and retreat residual oil/water.People can benefit from this machine by reduce the size of the scrap oil bottles and retreat residual oil in engine oil bottles. All electric components of this machine are CE or/and UL approved. The machine is made in China and the price of this small shredder is only 3,880 US dollars.

Main Features of Oil Bottle Shredder - Model SB102

Low power consumption
Low noise and low dust
Low operation and maintenance cost
Automatically stop by using a timer in the control box
Affordable price.
This Glass Crusher is ideal for handling up to 24 tons of glass bottles per week. Quickly crushes glass bottles into tiny pieces in a safe and controlled manner. The crushed glass can feed into recommended bin sizes of 37 Gallons (44" x 19" x 22") or 64 gallon containers (45" x 23" x 29").  The user-friendly design makes glass crushing simple and easy.

Note: Specifications, Dimensions & other product details may vary slightly upon delivery due to continuous product progressions and improvement. If exactness is required on any item(s), confirm in writing before ordering. In our efforts to provide products with the most up to date engineering and design, we reserve the right to change specifications, dimensions and other product details without notice.

Performance may vary depending upon application.

Products must be installed and operated according to required standards, codes, regulations and safety procedures.

Densifiers are a staple piece of equipment in the recycling and waste management industries. As the name implies, the purpose of a densifier is to create dense material from lighter materials, to facilitate easier storage and/or handling. Whether the end product is to be used as raw material for manufacturing new products or disposed of, densification of some scrap materials is an indispensable step in recycling, reuse and disposal.

Unlike compactors, which are typically made to handle mixed waste, like office or commercial trash, densifiers are usually designed for a specific material or materials. In addition, densifiers can provide volume reduction ratios as high as 50:1, as compared to a typical ratio of 20:1 in Aluminum ore crusher high-end compactors. This lower ratio is also typical of balers, which are sometimes referred to as densifiers. Balers generally function much the same as compactors, but are usually employed in the processing of one or a few materials, such as cardboard, plastic wrap, bottles and cans.

Various industrial applications call for differences in the type and configuration of densifiers. Application considerations include such details as feed type and rate, heated or non-heated, output type, portability and more. The following information may be of help in determining whether a densifier is right for your particular application and what type would best fit your needs.

Par autmay - 2 commentaire(s)le 27 avril 2011
Mardi 26 avril 2011

Investing in large mining companies

prospecting

The objective of mining research is to supply the world wide market with raw mineral or energetic material. Considering most anything and everything we use these days are derived from some sort of mineral, piedra caliza thus being mined at one of the 7,000 mines worldwide shows the need for constant mine development. The more we are on this good Earth the more we’ll need from it. The more modern we get the more we consume, even a computer with a silicon chip runs on a mined mineral, being one of many examples. So until we start making plastic or fiberglass cars or airplanes, or any other means of transportation, for that matter, there will always be need for mines. When deciding to search for a certain kind of mineral, instead of another, it goes along with the economic and political world context. And can be decided by public or private organizations. Taking into consideration what your objective is first, determines where you go. You don’t go to a country or region and fish around to see what you find, its the other way around. Once you know specifically what you want and/or need, you begin to research through geologic history what areas are more prone to what mineralization. Since no two deposits are alike, comparison among them is risky. You still can base yourself on prior information or experiences, but just because a mineral in a particular location follows a particular pattern doesn’t mean that the same mineral an adjoining property will follow the same trend. In a first case scenario when starting with the search of raw material an mines is brought about by government organizations.

Private companies only intervene when it comes to utility or profit and the eventual search decisions are related to the constant fluctuation of the world market. So what maybe profitable today might not be tomorrow, making mining investment as highly profitable as it is risky. Having taken that into consideration and the fact that because mining proportions are generally large, not to mention the time that is spent on exploration, prospecting and building a site before there is any kind of profit, there is no such thing and short term investment, which is one of the reasons countries leave it to the private industry not being able to cope with the fact that some mining projects don’t begin making piedra caliza capri profits a decade or so after the beginning stages.

Investing in Mining Companies

Investing in large mining companies that have an amount of mines and produce a number of commodities is much the same as investing in other corporations like manufacturing, utility, or banking firms. Securities law in the countries where their stocks trade compels the companies to make their financial records public; analysts, investment dealers and the financial press study the quarterly and annual results and offer their opinions. The investor can use these professional opinions to form his own picture of a company’s prospects.

Anyone considering investing in the mining companies which are established, or in large established firms in any industry, should also consider whether the stock market as a whole is a good investment at the time. Many individual investors buy into the stock market when it is doing well, during a period of economic growth. It is during those times, however, that the market places a high value on shares. Buy then and you will pay a high price for stock. This creates the risk of being stuck with it or selling at a loss when the stock prices fall and the economy recedes.

Investors think it is very funny when they are told the old rule, "buy low and sell high", as though the Quarry crusher machine for sale advice is so obvious itdoesn’t have to be said. Then they pick up the phone and buy a stock that has just traded at its all-time high. An investor will get better results by buying shares when the market has been declining and prices are low. It is also wise to search out stocks that are not expandedly recommended — after all, if everyone is being told to buy Acme Widgets, demand will force its price higher. Forget Acme, and look for a better buy somewhere else.

Par autmay - 0 commentaire(s)le 26 avril 2011
Lundi 25 avril 2011

Gadhafi rolled defiantly through the streets of Tripoli

Moammar Gadhafi rolled defiantly through the streets of Tripoli, pumping his fists as he stood up through the sun roof of a sport utility mobile gold processing plants vehicle Thursday — the same day that NATO airstrikes shook the city.

The alliance’s foreign ministers, while united in their aim to pressure the Libyan leader to go, argued at a meeting over whether to step up military operations that have so far failed to rout him.

gaddafi 300x168 Gadhafi rolled defiantly through the streets of Tripoli

Gadhafi gave no sign that he’s willing to relent, despite two months of civil war and mounting international pressure for him to move aside. Instead, his loyalists pounded rebel positions in the besieged western city of Misrata with dozens of rockets for several hours, killing at least 13 people.

The main target of the assault was Misrata’s port, the only lifeline for rebels who have been trying to defend positions in the city, Libya’s third-largest, against Gadhafi’s forces.

In the capital of Tripoli, several large explosions were heard, and a column of black smoke rose from the southeastern part of the city, andesit stone followed by the sound of anti-aircraft guns, a resident said.

Libyan state TV showed Gadhafi on a fist-pumping, rapid SUV ride through Tripoli with dozens of supporters chasing behind him. Libyan TV said the trip came on the same day that NATO airstrikes hit military and civilian areas in the capital.

The TV report said there were civilian casualties from the attacks. The report could not be confirmed.

r LIBYA FIGHTING large570 300x125 Gadhafi rolled defiantly through the streets of Tripoli

The fighting in Libya began in mid-February when large anti-government protests escalated into a civil war. Rebels hold much of eastern Libya, while Gadhafi controls the west, with the front line shifting back and forth in the middle. Three weeks of international airstrikes haven’t routed Gadhafi’s forces.

Gadhafi’s troops unleashed gold ore three hours of heavy shelling on the port city of Misrata, which is partly held by rebels. The port is Misrata’s only lifeline, and government forces fired tank shells and dozens of Grad missiles, according to witnesses who spoke on condition of anonymity because they feared retaliation.

Par autmay - 0 commentaire(s)le 25 avril 2011
Vendredi 22 avril 2011

Earth’s day length shortened by Japan earthquake

The massive earthquake that struck northeast Japan Friday (March 11) has shortened the length Earth’s day by a fraction and shifted Concrete recycling process how the planet’s mass is distributed.

A new analysis of the 8.9-magnitude earthquake in Japan has found that the intense temblor has accelerated Earth’s spin, shortening the length of the 24-hour day by 1.8 microseconds, according to geophysicist Richard Gross at NASA’s Jet Propulsion Laboratory in Pasadena, Calif.

Gross refined his estimates of the Japan quake’s impact - which previously suggested a 1.6-microsecond shortening of the day - based on new data on how much the fault that triggered the earthquake slipped to redistribute the planet’s mass. A microsecond is a millionth of a second.

"By changing the distribution of the Earth’s mass, the Japanese earthquake should have caused the Earth to rotate a bit faster, shortening the length of the day by about 1.8 microseconds," Gross told SPACE.com in an e-mail. More refinements are possible as new information on the earthquake comes to light, he added.

The scenario is similar to that of a figure skater drawing her arms inward during a spin to turn faster on the ice. The closer the mass shift Dolomite quarry processing during an earthquake is to the equator, the more it will speed up the spinning Earth.

One Earth day is about 24 hours, or 86,400 seconds, long. Over the course of a year, its length varies by about one millisecond, or 1,000 microseconds, due to seasonal variations in the planet’s mass distribution such as the seasonal shift of the jet stream.

The initial data suggests Friday’s earthquake moved Japan’s main island about 8 feet, according to Kenneth Hudnut of the U.S. Geological Survey. The earthquake also shifted Earth’s figure axis by about 6 1/2 inches (17 centimeters), Gross added.

The Earth’s figure axis is not the same as its north-south axis in space, which it spins around once every day at a speed of about 1,000 mph (1,604 kph). The figure axis is the axis around which the Earth’s mass is balanced and the north-south axis by about 33 feet (10 meters).

"This shift in the position of the figure axis will cause the Earth to wobble a bit differently as it rotates, but will not cause a shift of the Earth’s axis in space - only external forces like the gravitational attraction of the sun, moon, and planets can do that," Gross said.

This isn’t the first time a massive earthquake has changed the length of Earth’s day. Major temblors have shortened day length in the past.

The 8.8-magnitude earthquake in Chile last year also sped up the planet’s rotation and shortened the day by 1.26 microseconds. The 9.1 Sumatra earthquake in 2004 shortened the day by 6.8 microseconds.

And the impact from Stone crushing plant manufacturers Japan’s 8.9-magnitude temblor may not be completely over.The weaker aftershocks may contribute tiny changes to day length as well.

The March 11 quake was the largest ever recorded in Japan and is the world’s fifth largest earthquake to strike since 1900, according to the USGS. It struck offshore about 231 miles (373 kilometers) northeast of Tokyo and 80 miles (130 km) east of the city of Sendai, and created a massive tsunami that has devastated Japan’s northeastern coastal areas. At least 20 aftershocks registering a 6.0 magnitude or higher have followed the main temblor.

Par autmay - 0 commentaire(s)le 22 avril 2011
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