The Best One can do Now !

  The best one can do now is hold onto sections of stocks one knows are going to be needed in future to supply the needs of the world popula...

About Me

Retired but always looking for new challenges.
Showing posts with label Iron Ore. Show all posts
Showing posts with label Iron Ore. Show all posts

Thursday, December 1, 2016

The year that was !

This has been a year  in which there have been more financial  and political shocks worldwide than normal.Growing  populations have become more restive and even rebellious as the recession lingered on. At year end America is well on the way to recovery and the first sprigs of recovery are seen in Europe and Asia. As always Africa is lagging. 
How ever a pleasing change has been seen on the African Continent as populations strive for more accountability and less graft  top of government officials. This is playing itself out especially here in  South Africa as we strive to avoid  downgrades in our borrowing to junk status. As many other major countries have failed this test of morality we have for a second time avoided this fate.
It must be remembered that we produce 80% of the world platinum group metals and also a full range of base metals and minerals.
How ever at the present price of platinum, around $900 per ounce it is being produced at a loss. There is already a shortage of 20% in  ounces, per annum, built up and as fuel cells and other catalytic converters are needed for cleaner air become the vogue. In the last ten years the price has suddenly spurted by a couple of hundred USA dollars per ounce! this exciting event can happen again. Do remember it takes five years to ramp up and open mothballed areas in existing mines and a great deal longer in new developments!
I wish all our readers,Google and our advertisers all the best for 2017.




Tuesday, November 1, 2016

THE NEXT PHASE IN METALS AND MINERALS USE Part 2 MINING MODERISATION

  All systems are go to arrest the present decline in mining activity, and overcome the obstacles out there. The easy mining ore bodies are fast becoming the thing of the past.
 Public and private companies, with workers are beginning to work together to preserve jobs, income and tax revenue.
  Modernising and research into methods of refining especially in South Africa which has always been a world leader in this regard as during the last hundred years we were the world leaders in production of platinum group metals ,gold and diamonds. An added source of income is the production of equipment to further these activities now been developed.
  These activities will lead to sustainability of the mining environment over the next half century.
  Of great importance now is safety of workers at extreme depths in tunnels and difficult mining circumstances.
  Remote control of machines will keep workers out of harms way for the most part in dangerous areas. Narrower machines are already working and more innovative ones are being built.
Backfill of pulverised rock now has many advantages as it stabilises the ground in worked out areas avoids unsightly heaps of  ground and in generally more environmentally friendly.
The greatest advances are continually been made in refining of complicated metals such as precious metals as well as more basic metals in seperation by using enzymes instead of the old methods such as sieves to seperate the various elements from the waste rocks. This also results in greater recoveries and more profits.
IT MIGHT BE A GOOD IDEA TO ALSO READ PART 1  PUBLISHED IN SEPTEMBER ALSO THE STRIPPING OF RESOURCE ASSETS mentioned in the posts in the side-bar to get a continuity picture of the whole subject in South Africa.

For the latest on Stocks go to... Abacus Top stock tips.... and bookmark the post.

Friday, April 3, 2015

Commodities Prices

Commodities including precious metals, oil ,iron    and manganese  prices will continue to stay low as long as the producers are reluctant to reduce production as the only way they can stay in  business! Take Saudi Arabia the  worlds largest exporter of oil refuses to produce less although the oil price has halved. Same goes for iron ore miners as they feel they can profit at lower prices so putting smaller rivals out of production.

LATEST  UPDATE PAGES ARE POSTED AT THE TOP OF THE INDEX ABOVE
FINAL AUTUMN UPDATE 27 Apr

20 Apr My Specialist Revised  list
7,11,16 Apr Small Caps
11 Apr Spring Derivative and Share List
11 Apr Winter Derivative  and Share List.
14,22 Apr  METAL AND MINERAL LIST

Saturday, March 1, 2014

WORLD WIDE RESOURCE OVER PRODUCTION

Resource production jumped into top gear when the governments world-wide artificially stimulated a recovery. Well enough a recovery is underway but at a sedate pace.

See rest of article under NOTES AND ALERTS

NOTE  9 See updates for MY SPECIALIST WATCHLISTS 2012 to2014 above on 23/3

NOTE  8 AUTUMN TOP 40 LIST HAS BEEN UPDATED 17/3/2014 see above.

NOTE 7 See Transfer to Small Cap shares above 12/3.2014
NOTE 6 GOOGLE    PAWSITIVELY ADORABLE PETS
NOTE 5 SEE WINTER TOP 40 LIST UPDATE 10/3/2014

NOTE 4  FOR SMALL MEDIUM CAP SHARES LATEST UPDATES SEE on 5/2/2014
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NOTE 3.REMEMBER THE LATEST UPDATES OF PAGES IS ALWAYS LISTED AT THE BOTTOM OF THE INDEX ABOVE.

NOTE 2.USE THE LABELS IN THE SIDE BAR TO CLUSTER SUBJECTS YOU ARE INTERESTED IN

NOTE 1. IT,S A GOOD IDEA TO BOOKMARK THIS SITE IN YOUR FAVOURITES BAR ABOVE

ALERT 14/3  The ANC ruling party is  panicing  and introducing all kinds of socialist legislation to appease the masses. Pity as this will frighten away investors. No doubt there will be challenges by mines and farmers in the constitutional court after the elections, which will then reverse most of this legislation. The high workless figure  makes the ruling parties job more difficult.

This has led to bottlenecks and severe over supply as the recovery amongst the real populace have not  felt the recovery yet and are just for the most part surviving with no extra cash to create actual demand.

China has a tremendous over supply of iron ore at the moment with supplies at 870 metric tonnes and demand running at 700 tonnes per annum, and the situation is getting worse with users offering lower prices . Spot prices are declining by the week with last week the price at $120 dollars, now according to Reuters less than $110 are being offered.
Copper is in the same boat with demand weak.

In South Africa the platinum strike came at an opportune time, which can be seen as although it has been  going on for just over a month, the price has not shot up markedly. Now surface surplus supplies are coming to an end the price might move up at a faster pace. On the other hand costs of production have also increased so the mines will struggle to return to profitability soon.