Saturday, January 18, 2020

Supply Issues Affectng the Copper Industry

Supply Issues Affecting the Copper Mining Industry As is demonstrated by the chart below, the demand for copper has exceeded the supply brought to market since 2009. In 2011, 16. 5 million tonnes of copper were produced worldwide and this amount is expected to grow by approximately 3% annually. Data from the International Copper Study Group (ICSG) for 2012 suggests that international demand for refined copper is expected to exceed production by about 240,000 metric tons.The slow growth forecasted in copper supply is speculated to continue to increase the production deficit into 2013 because of both long and short term issues that affect the copper production industry. (http://www. econmatters. com/2011/12/copper-2012-supply-struggling-to-meet. html) Declining Ore Grades Man has been mining copper for centuries. As is characteristic of many other heavily-mined minerals, high-grade copper areas are becoming increasingly rare as many of the largest and highest grade areas have been disc overed and depleted by mining companies.It was common in the early 1900`s to find sites that had up to 30% copper; however, the average percentage of copper in new sites found is 1% or less and deemed low grade. Because the copper production process is energy intensive, and therefore expensive, it becomes less feasible to develop the majority of new sites that are prospected. (http://www. mining-technology. com/features/featuremineral-munching-microbes-future-metal-mining) Falling Chilean Copper Output It is estimated that Chile produces about 35% of the world`s copper supply.However, Chilean copper production has fallen by 730 000 tonnes over the last decade. Although declining ore grades are part of the problem, as more iron ore must be processed to produce the same amount of copper creating cost overruns, supply disruptions at some of Chile`s largest mines continue to occur due to labour strikes. Labour striking tends to correlate with rises in the price of refined coppers as wel l as with large GDP increases, both of which have been seen over the last five years in Chile. (http://seekingalpha. om/instablog/389729-frank-holmes/247300-chart-of-the-week-struggling-copper-supply) Decreases in demand are not being met with needed foreign investment projects to develop new mines because of social factors. Since the beginning of copper exploration, the Chilean government has done little to regulate mining development. Many activists are beginning to file lawsuits and successfully halt new projects proposed by large mining companies because of the adverse effects of large scale mining on surrounding crops and water sources.In April 2012, GoldCorp Inc annulled a 3. 9 billion dollar copper project, known as El Morro, because courts deemed that the company had not engaged in proper due diligence procedures with the local indigenous community. (http://www. mining. com/popular-unrest-casts-doubt-over-billions-in-chilean-mining-projects-10820/) Geopolitical Instability i n High Grade Copper Regions Southern Africa has sparked the interest of many large copper production companies due to large, high-grade areas in South Africa, Zambia and the Congo.However, political instability and lack of infrastructure in these areas have severely affected the exploration and development of mines as they are seen as unstable and risky to foreign investors. Also, announcements of pending government policies in favour of copper resource nationalization have caused many existing projects to be halted until firmer decisions reached by ruling political parties. (http://copperinvestingnews. om/10134/copper-mining-africa-south-africa-zambia-congo-rio-tinto-anglo-american/) The above constraints are not easily rectified and suggest that the slow growth trends associated with copper supply will continue into the short-term future. For the purpose of this commodity investment decision, it is reasonable to assume that copper prices will continue to rise as the production def icit increases.

Friday, January 10, 2020

Bathymetry, Sediments and Plate Tectonics

On March 23, 1968 a Glomar Challenger ship was launched from Orange, Texas under the supervision of National Science Foundation and the Regents, University of California. This marked the beginning of a new era in the field of oceanographic explorations. The Glomar Challenger explored the Atlantic, Indian and Pacific Oceans as well as the Mediterranean and the Red Seas, drilled and cored the bottom of the ocean and collected core samples.These core samples became a definite proof for continental drift and sea floor renewal at rift zones. The theory proposed by Alfred Wegener that Earth once consisted of a single land mass now known as Pangaea was proved by their findings. The theories attempting to explain the formation of mountain ranges, deep sea trenches and earthquakes provided by the two geologists, W. Jason Morgan and Xavier Le Pichon also gained support from these findings.As for the evidence for sea floor spreading there are ample examples. Samples from the deep ocean floor sh ow that Basaltic oceanic crust and overlying sediment become much younger while nearing the mid ocean ridge. The sediment cover is thinner near the ridge. Moreover the age of the ocean is no more than 200 million years while the age of the Earth is roughly 3 billion years. Also evidence of periodic reversals in magnetic polarity of the Earth, or paleomagnetism proves the theory of sea floor spreading.The study of plate tectonics has advanced rapidly over the last 50 years. The advent of sophisticated oceanographic instruments has made the inaccessible regions easy to access. The easiest method of sampling sea floor includes coring using a long metal pipe weighted at the top. Gravity covers collects samples of sea floor sediments. There are machines that allow scientists to submerge beneath the water and observe the sea floor. Submersibles can carry up to a 5-person crew at a time.Most of these submersibles are geared with high frequency cameras, lights, mechanical arms for collectio n of samples, temperature measurers and other electromagnetic tools. Information regarding the sedimentation of the bedrocks can be obtained by shipboard gravimeters that can measure rock density and magnetometers, which measure the magnetic properties. Reflection of sound waves is used in seismic service and help in getting information about submarine topography and the thickness and folding and faulting of rocks covered with sediments.Seismic surveys are particularly helpful for finding out oil and gas deposits. Seismic surveys can be done by high voltage sparks, mechanical clappers or electronic pulse to create a spectrum of sonar frequencies. The Fundy Basin on Atlantic coast between New Brunswick and Nova Scotia is where the oldest ocean sediments can be found. References: xpubs. vsgs. gov/gip/dynamic/historical. html Wikipedia Glomar Challenger Wikipedia Mid Atlantic Ridge Answers. com

Thursday, January 2, 2020

Maya Angelou - 884 Words

In I Know Why The Caged Bird Sings by Maya Angelou, Angelou uses various stylistic devices and rhetorical strategies such as similes and metaphors. Angelou’s use of similes are used in order to describe her own character. In this, Angelou remarks â€Å"For nearly a year, I sopped around the house, the Store, the school and the church, like an old biscuit, dirty and inedible† showing that Angelous inner feelings of not being good enough to be picked or loved. Correspondingly Angelou felt her skin looked â€Å"dirty like mud† showing her inner insecurities of her skin colour being unattractive. The sense of Angelou’s insecurities can also be seen with the use of metaphors regarding Angelous skin as she remarked â€Å"I was described by our playmates†¦show more content†¦In this, Angelou remarks â€Å"Anything that works against you can also work for you once you understand the Principle of Reverse.† This would show that despite all the nega tivity surrounding Angelou’s skin colour, she had the ability to succeed, as everything that went against her, pushed her into being a woman with the knowledge of struggle and hardship. As a result, Angelou exclaimed that she was â€Å"the master of my fate† and â€Å"the captain of my soul† showing Angelou’s power to decide her fate. Similarly, with the introduction of Mrs. Flowers, Angelou found her identify stating â€Å"I was respected not as Mrs. Henderson’s grandchild or Bailey’s sister but for just being Marguerite Johnson.† Subsequently, Angelou was no longer what her oppressors wanted her to be, but was herself. Altogether, this sense of newfound identity by Angelou displayed her individuality, showing the audience the most important aspect of one’s self, is what they believed they were, and to Angelou, she was simply Marguerite. I Know Why The Caged Bird Sings was first published in 1969 during a time when autobiograp hies of women because heavily significant by their exclamation of the significance of women. As a result, Angelous piece gathered attention from various types of women who could relate to Angelous journey of sexuality, colour, and the colouredShow MoreRelatedMaya Angelou655 Words   |  3 PagesMa 2(1565443) Maya Angelou is known as the â€Å"most visible black female autobiographer/poet.† She was born, Marguerite Ann Johnson, on April fourth, 1928 in St. Louis, Missouri. Her parents divorced when she was three, and she and her brother were sent to live with their grandmother in Stamps, Arkansas. Seeing all the racial discrimination in the American south strengthened her passion for poetry, music, dance and performance. Maya writes about the struggles people face, racism and freedom. At ageRead More`` Speak, By The Maya Angelou1137 Words   |  5 Pageswriter, the late Maya Angelou. This statement also aligns to a 1999 contemporary classic novel, Speak, where a young freshman, Melinda Sordino, faces isolation and depression to an event that occurred over the summer, one that only she knows about. In the novel, Melinda hangs up a poster of Maya Angelou in her make-shift janitor’s closet hangout. Laurie Halse Anderson uses Maya Angelou as a figure for Melinda to learn and ch ange by in the novel Speak. Melinda could learn from Angelou that she can standRead More Maya Angelou Essay1200 Words   |  5 Pages Maya Angelou is a phenomenal woman. She was born into a devastating decade, that suffered numerous tragedies. 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BasedRead MoreEssay on Maya Angelou612 Words   |  3 Pages Maya Angelou was born April 4, 1928. Her real name is Marguerite Johnson, but she later changed it to Maya. She was born in St. Louis, shortly after her birth her family up and move to Arkansaw. Maya grew up there in the rural parts of Arkansaw, and later married to a South African Freedom Fighter. She lived in Cairo with him, there she began her career as editor of the Arab Observer. At the request of Dr. Martin Lutheran King Jr., she became the northern coordinator for the Southern Christian LeadershipRead MoreEssay on Maya Angelou1185 Words   |  5 PagesDistress in Maya Angelous Life Marguerite Ann Johnson, commonly known as Maya Angelou, was born on April 4, 1928 in St. Louis, Missouri. She is a famous African-American poet, novelist, and playwright and also worked during the civil rights: Angelou is a very remarkable Renaissance woman who hailed as one of the great voices of contemporary literature (www.mayaangelou.com). 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Her exploration of this universal theme lends itself to a very large and diverse audience.   Throughout Angelous works, she allows her followers to witness her metamorphosis through different aspects of motherhood.      Ã‚  Ã‚  Ã‚  Ã‚   Well-worked themes are always present in Angelous works-   self-Read MoreMaya Angelou Essay883 Words   |  4 PagesMaya Angelou was an inspiring activist, poet, and woman. Angelou was born in St. Louis, Missouri on April 4, 1928. Throughout her lifetime she explored her career options as an actress, dancer, singer, writer, and editor among many other careers. Angelou had a tough childhood. Her parents divorced when she was very young and she was sent to live with her grandmother in Arkansas along with her brother Bailey. As an African American, Angelou experienced discrimination and racial prejudices. AngelouRead MoreEssay On Maya Angelou1879 Words   |  8 PagesMaya Angelou is one of the most important American Authors who ever lived. She was an African-American woman who spoke her mind and when someone told her she couldn’t do something, it made her want to do it even more so that she could prove them wrong (Shapiro). Her life was incredi bly difficult, but it made her who she was and influenced her writing and poetry immensely. As Gary Younge once said, â€Å"To know her life story is to simultaneously wonder what on earth you have been doing with your