U.S. Discovers $1 Trillion Afghan Mineral Deposits: Report
July 12, 2010 by Vincent · Leave a Comment
Mon Jun 14 12:15:11 UTC 2010
Tyler Hicks/The New York Times
SINGAPORE (Reuters) – Afghanistan could be holding $1 trillion of untapped mineral deposits including critical industrial metals such as lithium, the New York Times reported, quoting U.S. government officials.
The previously unknown deposits of iron, copper, cobalt and gold are so huge that it could transform the [...]
Australia’s new mining tax could lead to higher prices for iron ore
June 9, 2010 by Cynthia · Leave a Comment
June 7, 2010– The Australian government has announced plans to implement a 40% “resource super profits tax” on that country’s mining and petroleum starting in 2012. This draconian tax not only has serious implications for miners in Australia, but also for iron ore prices generally, in our view. First, some background: Australia’s mining sector is [...]
A Precarious Environment
May 9, 2010 by Vincent · Leave a Comment
Climate change critics seize on uncertainty of global temperature warming to insist that nothing is really changing. But temperature is only one indicator of the effects of industrial society expansion. Industrial societies became resource-intensive consumption societies, underpinned by mining, extraction, manufacturing, and disposal. Industrial agriculture displaced small-holder, diversified farms. People [...]