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This Week's Showcase: Help APGO plan strategically
APGO
APGO's Council will be conducting a strategic planning session on Sept. 11 and they are looking for input from the membership to help set APGO's on-going strategic directions. Members are requested to complete a short, 10–15 minute survey and provide their insights into the geoscience sector in Ontario and the role of the APGO.
This survey is open to P.Geo.'s, Geoscientists-in-Training, Students, and other interested parties. Please complete the survey before Sept. 6.
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Welcome and congratulations, new APGO members!
APGO
Click here to see APGO's newest members.
Glencore reports $6 billion profit
Sudbury Star
Glencore Xstrata took a $7.7 billion hit on Xstrata's mining assets recently, drastically reducing the value of early-stage projects after falling prices dragged down first-half profit. The mining industry has been pummelled by billions of dollars in writedowns since the start of the year, with cooling prices and demand prospects denting the value of mining projects. In absorbing the impact of a drop in commodity prices during the time it took to close the marathon takeover, Glencore wiped out all the goodwill value it had provisionally allocated to Xstrata's mines at the time of the merger.
PRODUCT SHOWCASE
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The AP-2000 portable multiparameter probe gives you a choice! Supplied with five
standard parameters, it also allows customization. The standard parameters are Optical
DO, EC, pH, ORP & Temp. It also includes an Ion Selective Electrode socket and an
Optical Sensors Electrode socket. A wide range of electrodes are available for this great
probe.
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Atlantic Ocean floor unexpectedly pumping iron
Discovery.com
Previously, oceanographers thought the Atlantic Ocean seafloor didn't spit out as much iron as other regions. However, a recently discovered plume of iron billowing from the depth of the Atlantic Ocean suggests the seafloor may be pumping iron like a young Arnold Schwarzenegger. The iron-rich waters flow 1,500 to 3,500 metres beneath the surface of the ocean. The complete extent and shape of the iron plume remains to be discovered.
Fracking and the cult of catastrophe
Guelph Mercury
Technically, the proper term for fracking is hydraulic fracturing, a process that involves using high-pressure blasts of water and sand — plus a smattering of chemicals — to extract hitherto inaccessible oil and natural gas from shale rock thousands of metres below the earth's surface. To borrow a phrase from National Review's Kevin Williamson, it offers the prospect of "cheap, relatively clean, ayatollah-free energy," not to mention "thousands of new jobs for blue-collar workers and Ph.D.s alike."
Wynne will address environmental concerns on pipeline flows
Daily Commercial News
Environmental concerns over plans to use pipelines to transport Alberta oil east through Ontario will be addressed before any decisions are made, Premier Kathleen Wynne said recently. Those concerns have to be at the centre of any talk about the movement of fuel through the province, she said, adding that the governing Liberals will work with all groups, including First Nations communities.
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Have precious metals bottomed?
Mining.com
The bottoming process in precious metals investments has been an extended and frustrating affair. Investor sentiment appeared to be hitting rock bottom at the end of June after the metals and miners were pummeled with a series of negative developments. According to the World Gold Council, overall demand for gold dropped 12 per cent to 856.3 tons in Q2.
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Research aimed at protecting groundwater systems
University of Guelph
A new University of Guelph field lab is now running near the Eramosa River, just a short drive from campus. Led by engineering professor Beth Parker, a team of grad students and groundwater professionals will study groundwater and surface water interaction in the fractured sedimentary bedrock that lines the Eramosa River and outcrops along the flood plain.
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Harper unveils aboriginal mining grant in northern Canada
The Globe and Mail
Stephen Harper trumpeted a federal grant to teach essential mining skills to 400 aboriginal workers in the Northwest Territories and Nunavut, an effort to ensure the local population benefits from big resource extraction projects. The prime minister's annual summer tour of northern Canada coincides with a controversy in neighbouring Yukon over a new territorial government effort to import foreign workers for industries such as mining.
BHP approves $2.6 billion spend on Canada potash project
Mining Weekly
Diversified giant BHP Billiton recently approved a $2.6 billion capital spend on its Jansen potash project in Canada, to finish the excavation and lining of the production and service shafts, as well as the installation of essential surface infrastructure. The miner said that the investment would be spread over a number of years, with completion of both shafts expected during the 2016 calendar year, while the associated works program would extend to 2017.
Oil sands crude not as expensive to produce as it used to be
Financial Post
Alberta's oil sands, long regarded as an expensive sandbox for energy giants, are more competitive with global sources of crude than recent cost blowouts may lead investors to believe, a survey of 135 global oil and gas companies shows. It is a message that runs counter to a history rife with cost overruns on project expansions and stalled pipeline developments that have contributed to price discounts for Alberta's heavy crude, frustrating investors.
Where are all the women in mining?
Huffington Post Canada
We need to encourage girls to pursue their interests in science, technology, and engineering. All too often, girls lose this interest by the time they reach university. But just as it is up to parents, teachers, and government policy to foster a love in girls for the science, technology, engineering, and mathematics fields, corporations can play a critical role, too. The mining industry is no exception.
Missed last week's issue? See which articles your colleagues read most.
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Field Notes
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