Showing posts with label mining. Show all posts
Showing posts with label mining. Show all posts

New Software for Mining Research

Environmental researchers do not have to take the kitchen sink with them on field trips any more. They can leave GPS camera and notepad behind as they do their work. New software makes this possible.

A single device linked to the Internet now has everything an investigator requires. This is especially so in mining. The Northern Territory has adopted the new system and it is doing all it promises.  As farming takes up new technology it would be expected that researchers would do the same.

Capturing information is now very easy indeed with reports being done automatically. Photographs are coordinated with Google Earth maps. Relevant data is also stored.  In depth analysis is now possible with the extra time on hand for investigators.

A researchers movement around a site is recorded. This makes monitoring of tasks much easier. The software is a significant step forward. Hours of tedious labor has been reduced.  With a solid data bank in hand, looking back on work done previously is now a matter of course.
Technology by Ty Buchanan
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     Australian Blog                         

Water Diving is Scientifically Unsubstantiated

Water dousing is not a scientifically proven method of finding minerals.  CSIRO's chief executive officer has suggested that dousing be put to the test scientifically.  Over the years it has been put to the test and found wanting.

Personal experience has highlighted this when a water bore contractor used the system and did not find water.  He said that he would have to drill deeper and I would pay for it.  I waved the contract at him and said there is no mention of a surcharge in this - you guaranteed to find water.

The claim of 80 per cent accuracy is not true.  It is based on heresay and after the fact selection of results.  It is like ghosts and life after death.  There is no scientific proof that these are real.

The main use of divining is to locate water.  As former chief of CSIRO Land and Water John Williams says, “We know where the water is. The trouble is there isn’t much of it."   Dr Larry Marshall is a trained scientist.  He should know better suggesting dousing.  Does he believe that the moon is made of cheese?
 Science by Ty Buchanan
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     Australian Blog                         

The Australian Securities and Investment Commission (ASIC) Should Not Interfer in the Market

Was the Australian Securities and Investment Commission (ASIC) set up to improve business or just be a nuisance to operations. Its job should be to police the industry and make things run smoothly. However, putting one's nose in when it is not needed is not the best thing to do.

The mining boom is coming to an end as the Chinese economy pulls back from high growth due to wages rising thus demand falling. Companies are looking to move to other Asian countries where labor is cheaper. Australian mining companies are looking to become producers of other things such as technology.

With this move comes threats from ASIC for the miners to keep their noses clean. Apparently they must inform shareholders before they buy tech companies. We have not reached a point yet where shareholders manage companies. Surely, it is up to the CEO and the board to set future company developments and intentions.

ASIC is making accusations that mining companies are "cooking the books" while buying up tech companies. It has said that miners must not use backdoor listing to hide purchases. ASIC is watching Minerals Corporation Limited, InterMet, Nemex, MacroEnergy and Latin Gold.

Surely, with ASIC already making its claims open, shareholders already know what is going on - normal business behavior. Changing business models is not an area ASIC should be watching. This is nothing to do with ASIC. It should stick to asset valuation and financial reporting. It is ridiculous to monitor how capital will be raised. Interfering in the market just distorts it.
Economics by Ty Buchanan
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     Australian Blog                         

Who Is Spoilt Mr Forrest?

Andrew Forrest chairman of Fortescue Metals Group has been a critic of the mining tax. This appears to be for mainly selfish reasons though he does claim that the tax will reduce investment in the mining sector. He does not come across as a caring person and worrying about the future economic welfare of other Australians seems to be far from his thoughts.

It is odd that when people criticize others the name calling seems to apply more appropriately to the caller than the target. When he calls environmentalists "spoilt children" a good look at him shows he is the spoilt one. As well as mining he is a farmer, so he often faces harassment from greenies.

Being a free society Mr Forrest has a right to say this, or say anything else that intends to bring all environmentalists down. However, a cursory glance at Andrew Forrest makes one feel that there isn't much in his almost empty head apart from a dollar sign.
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