Mininng and Energy Consumption

Increasing the share of electricity produced by wind and solar, and the trend to electric cars, will put considerable pressure on the mining industry. Already, according to the International Energy Agency, mining alone accounts for around 10% of the world’s energy consumption. This does not include energy consumed in processing…

Five Most Popular Posts of 2017

  Links below to the five popular posts of 2017. Other popular posts were two others on conglomerate gold in the Pilbara, lithium statistics and famous geology quotes. The most popular companies, in order, were: Australian Vanadium Limited (ASX: AVL), Mod Resources Limited (ASX: MOD), Silver Mines Limited (ASX: SVL)…

The Fragile Australian Economy

Australia’s last recession was in 1991. The Australian government believes that the long run of growth shows they are doing a great economic job and the country is in good shape. But looking a little deeper tells a somewhat different story. The state of the Australian economy is directly related to the…

The Gold Silver Ratio

For hundreds of years the gold silver ratio was around 15, that is, 15oz of silver buys 1oz of gold. This stability was important because both metals were used as currency (read the history of silver as a currency here and here). In fact, during the 19th century the ratio…

Conglomerate Gold in the Pilbara – Part III

On Friday, Novo Resources Corp (TSXV: NVO) released a rather disappointing report on recent results from work on their Pilbara conglomerate gold project. The stock closed down 18% on the day and is now about 38% off its high. Read more about the Pilbara gold rush here and here. In…

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