GOLD INDUSTRY a Valuable Asset Australia’S GOLD INDUSTRY a Valuable Asset

Total Page:16

File Type:pdf, Size:1020Kb

GOLD INDUSTRY a Valuable Asset Australia’S GOLD INDUSTRY a Valuable Asset Australia’s GOLD INDUSTRY A Valuable Asset Australia’s GOLD INDUSTRY A Valuable Asset Contents 04 Gold: Sustaining prosperity 06 Utterly unique 10 Gold mining in Australia 18 A vital source of skilled, high wage jobs 21 Investing in communities 26 Investing in sustainability 28 Securing tomorrow’s prosperity 1st 2nd 3rd RESOURCES PRODUCTION EXPORTS Australia has 9,900 Australia is the world’s Gold is Australia’s third tonnes or 18% of global second largest producer. largest export industry. economic resources – the largest in the world. JOBS $291m + ROYALTIES 50,000 Royalties paid by the More than 50,000 jobs (direct gold industry in 2012-13. and related) were supported by the gold industry in 2011. 266t PRODUCTION Australia produced $15 .1b 266 tonnes in 2013. EXPORT EARNINGS Export earnings in 2012-13. WAGES Average wages in the gold The Value of industry exceed $140,000. $140k GOLD 4 Minerals Council of Australia GOLD: SUSTAINING PROSPERITY Today, the gold mining industry helps sustain our THE DISCOVERY OF national prosperity through exports, high-wage jobs, GOLD IN THE MID-19TH investment and tax and royalty revenues. Australia’s third highest export earner in 2012-13 (after iron ore CENTURY SPURRED and coal), the gold industry is also a vital source of economic activity in a number of regional and remote AUSTRALIA’S GROWTH communities. AND DEVELOPMENT. Australia is the world’s second largest gold producer after China, accounting for around 9 per cent of world production. Based on United States Geological Survey estimates, Australia has the world’s largest share of economic gold reserves at 18 per cent (Figure 1).1 More than a rich seam from our past, Australia’s gold industry is a national asset worth valuing, now and in the future. Australia’s Gold Industry. A Valuable Asset. 5 FIGURE 1 Australia’s gold industry in global perspective (2013) Source: Geoscience Australia, United States Geological Survey, Thomson Reuters GFMS Production 9% 6% Australia South Africa 8% Russia 42% Chile 2% Indonesia 3% United States Brazil 7% Peru China 3% Rest of the world 6% 14% Economic reserves 18% Australia 31% South Africa Russia Chile 11 % Indonesia United States Brazil Peru 3% 9% China 4% Rest of the world 5% 7% 6% 6% 6 Minerals Council of Australia FOR CENTURIES, GOLD’S SCARCITY, DURABILITY AND UTTERLY DECORATIVE BEAUTY HAVE MADE IT A UNIQUE AND UNIQUE HIGHLY–PRIZED METAL. Australia’s Gold Industry. A Valuable Asset. 7 FIGURE 2 The world’s gold inventory Sources: United States Geological Survey, World Gold Council Other 20.8m 24,800 tonnes (14%) Official sector 30,100 tonnes (17%) Jewellery 84,600 tonnes 20.8m (49%) Private investment 34,700 tonnes (20%) Below ground stocks 52,000 tonnes Gold has fulfilled multiple roles including as an item of investments. While gold mine production averages of ornamentation (often with religious and cultural about 2,800 tonnes annually, more than half that quantity significance), a medium of exchange and a store of is traded daily on the global market in various forms. wealth, especially in times of economic uncertainty. And it The World Gold Council estimates that more than has continued to develop new and diverse technological 174,000 tonnes of gold has been produced since gold applications based on its unique physical properties. mining began and that 96 per cent of this total still It’s estimated that about half of all gold in above- exists in some form above the surface of the earth.2 On ground stocks exists in the form of jewellery, with pure this basis, if the global stock of gold was amalgamated gold denoted as 24 carat. Industrial uses (including in it would form a 20.8 metre cube, with another 52,000 electronics, medical and dental applications) reflect its tonnes of gold in underground stock (Figure 2). high electrical conductivity, malleability and ductility. A distinguishing characteristic of the gold market is The high level of liquidity in the gold market is one factor the range of factors that drive market behaviour. The underpinning the attraction of gold as an investment geographical diversity of mine production is considered and source of wealth preservation, including for small a key factor contributing to lower price volatility relative investors. Over time, new products and ways to access to other commodities, while the sheer size, depth and gold – such as the rise of Exchange Traded Funds – liquidity of the gold market rank highly not just against have presented increased opportunities for individuals as other commodities, but compared with other asset well as institutions keen to hold gold as part of a portfolio classes (including sovereign debt). 8 Minerals Council of Australia FIGURE 3 The gold value chain Supply Mine production Recycled gold Artisanal production Net producer hedging Official sector sales Demand factors Gold market fundamentals have undergone significant electronics being the largest source of gold demand change over the last three to four decades. Gold in this category. jewellery still constitutes the largest single source of The profound structural shift that has seen emerging global demand, though jewellery-related demand has economies account for a large and growing share of fallen from almost 80 per cent of total demand a decade global economic activity has had major implications ago to around 50 per cent. Investment has once again for the gold market. The rising economic power of become a more prominent component of demand. countries such as China and India has diminished the The shift toward investment demand gained added traditionally dominant role played by North America momentum following the Global Financial Crisis in 2008, and Europe in shaping gold market dynamics – as gold came to be seen as an increasingly attractive whether from jewellery demand, central bank activity “safe haven”. or investment demand. For example, the share of The share of demand accounted for by technological, jewellery-related demand from the Indian subcontinent industrial and mechanical uses of gold has remained and East Asia is estimated to have risen from 22 per stable over the last decade at about 10 per cent, with cent in 1980 to about 66 per cent in 2010. Australia’s Gold Industry. A Valuable Asset. 9 FIGURE 3 The gold value chain Source: World Gold Council Demand Fabrication Consumption Jewellery Watches & jewellery retail Retail of electronic devices, Technology appliances, medical services etc Investment • ETFs and similar products • Bar and coin Gold retailers & financial services Official sector purchases (central banks) Supply dynamics On the supply side, mine production has tended to Global mine production, after falling from 2,625 tonnes constitute 60 to 70 per cent of total supply, with recycling, in 2002 to 2,429 tonnes in 2008, has risen strongly net central bank sales and net producer hedging forming in recent years and is estimated at 3,022 tonnes in other supply components to varying degrees. In recent 2013. According to Australia’s Bureau of Resources years, the official sector (central banks) has been a net and Energy Economics (BREE), global production will source of demand, as European central banks have slowed continue to rise to almost 3,200 tonnes in 2018.3 their net sales of gold reserves and emerging market More so than many other metals, gold production central banks have become a net source of demand. is widely distributed throughout the world with no A notable shift in the last decade has been the comparative country accounting for more than 15 per cent of global rise in recycled gold as a source of supply, mostly from production. China is the world’s largest gold producer the developed economies of Europe and the United (14 per cent), followed by Australia (9 per cent), Russia States. As almost all the gold that has ever been mined (8 per cent), the United States (7 per cent) and South still exists in one form or another, recycled gold comprises Africa (6 per cent).4 a larger share of supply than for any other metal. 10 Minerals Council of Australia GOLD MINING IN AUSTRALIA Apart from driving significant population growth and THE FIRST GOLD RUSH IN economic development, it unleashed powerful forces 1851 WAS A DEFINING EVENT that left an indelible mark on the nation’s social and political fabric (Box 1). IN AUSTRALIAN HISTORY. Today, gold is mined in all Australian states and the Northern Territory (Figure 4). Western Australia accounts for around 71 per cent of Australia’s gold production, followed by New South Wales (11 per cent), Queensland (6 per cent) and South Australia (5 per cent).5 Gold is the primary output of about 75 operations in Australia with many drawing resources from two or more deposits and from both open-cut and underground mining operations. Several mines also produce gold as a by- product from the production of other commodities.6 Australia’s Gold Industry. A Valuable Asset. 11 FIGURE 4 Major Australian gold mines (2012) Source: Geoscience Australia DARWIN Ernest Charters Towers Tanami Henry Mount Carlton Telfer Plutonic Mount Rawdon Wiluna Project Jundee-Nimary Agnew Moolart Well Hill 50 - Galaxy Pits Garden Well - Erlistoun BRISBANE Granny Smith Prominent Hill Sons of Gwalia Sunrise Dam Challenger Olympic Dam Frog’s Leg Kanowna Belle Edna May Kalgoorlie (Super Pit) Peak Mines Project PERTH HJB (Hampton-Boulder-Jubilee) St Ives Northparkes Boddington Norseman Project Cowal Ridgeway Navajo Chief ADELAIDE Cadia Hill SYDNEY CANBERRA Fosterville Project 0 750 km MELBOURNE Major Australian gold mines Rosebery (operating with in situ resources of gold >30 t) HOBART Resources The Yilgarn Craton in Western Australia is Australia’s Forsterville in Victoria (quartz-vein related), Cadia in premier gold province with major Archean greenstone- New South Wales (porphyry gold copper) and Mount hosted deposits such as Kalgoorlie, Granny Smith and Carlton in Queensland (epithermal).7 Boddington.
Recommended publications
  • TORIAN RESOURCES LIMITED (ASX:TNR) Key Participant in the Zuleika Corridor Gold Camp Is There a Better Goldfield Anywhere in the World Today? SUMMARY
    TORIAN RESOURCES LIMITED (ASX:TNR) Key participant in the Zuleika Corridor Gold Camp Is there a better goldfield anywhere in the world today? SUMMARY Torian Resources Limited (TNR) is a gold explorer with a difference. Its access to more 5 October 2016 – Initiation than 220km2 of key tenements in the Coolgardie Domain along the highly productive and high grade Zuleika Shear Corridor near Kundana, just 40km west of Kalgoorlie, gives it an 18 Month Price Target: A $0.80 excellent position in Australia’s fifth largest producing and most exciting goldfield. The Zuleika Corridor is the most exciting goldfield in Australia today. It is CAPITAL STRUCTURE revitalising Kalgoorlie as a global gold production centre. TNR’s Mt Stirling Project is also in line to soon produce a modest JORC resource. Share Price $0.175 KEY POINTS Net Asset Value A$16m 12 Month Range $0.095 - $0.38 TNR is earning 49% of ~223km2 along the Zuleika Corridor by spending $5m Market Cap (diluted) $17.0m Enterprise Value $13.2m Zuleika Corridor Coolgardie Domain already has >7moz in resources Issued Shares 96.94m 7 major recent gold discoveries in contiguous ground by NST & EVN 55,000m of RAB and RC drilling planned by TNR for FY17 Existing local mill facilities allow rapid discovery to production potential Cash $3.8m Mt Stirling offers high-grade, >98% recovery near-term production potential DIRECTORS A$3.5m raised in recent capital issue to fully fund its FY17 programme TNR’s exciting Zuleika tenements include a cumulative 25km (2nd largest) of strike of the Andrew Sparke Non-Executive Chairman black Centenary Shale within the K2/Strzelecki Structures that host the most important Matt Sullivan Managing Director high grade deposits in the Zuleika Corridor Gold Camp.
    [Show full text]
  • Inquiry Into Greenfields Mineral Exploration and Project Development in Victoria
    ECONOMIC DEVELOPMENT AND INFRASTRUCTURE COMMITTEE Inquiry into greenfields mineral exploration and project development in Victoria May 2012 ORDERED TO BE PRINTED Victorian Government Printer Parliamentary Paper No. 136 Session 2010–11 Parliament of Victoria Economic Development and Infrastructure Committee Inquiry into greenfields mineral exploration and project development in Victoria ISBN: 978‐0‐9808214‐2‐0 Economic Development and Infrastructure Committee Parliament House, Spring Street EAST MELBOURNE VIC 3002 Phone: +61 3 8682 2832 Email: [email protected] Website: <http://www.parliament.vic.gov.au/edic> This report is also available online at the Committee’s website. Cover design by Matt Clare of Mono Design. Rear cover image provided by Iluka Resources. This report is printed on recycled paper. Table of Contents Committee members and staff ix The Economic Development and Infrastructure Committee xi Committee contact details xi Terms of reference xiii Chair’s foreword xv List of recommendations xvii List of tables xxi List of figures xxiii List of abbreviations xxv Chapter one: Introduction 1 1.1 Scope of the Inquiry 3 1.1.1 Terms of reference 3 1.1.2 What types of minerals are the focus of the Inquiry? 4 1.2 Inquiry process 5 1.3 Report overview 5 Chapter two: The mining and extractives sectors in Australia 7 2.1 Overview of mineral exploration and mining project development 8 2.1.1 ‘Greenfields’ versus ‘brownfields’ exploration 9 2.1.2 Why is greenfields mineral exploration important? 9 2.1.3 The relationship between junior
    [Show full text]
  • Columbium (Niubium) and Tantalum
    COLUMBIUM (NIOBIUM) AND TANTALUM By Larry D. Cunningham Domestic survey data and tables were prepared by Robin C. Kaiser, statistical assistant, and the world production table was prepared by Regina R. Coleman, international data coordinator. Columbium [Niobium (Nb)] is vital as an alloying element in economic penalty in most applications. Neither columbium nor steels and in superalloys for aircraft turbine engines and is in tantalum was mined domestically because U.S. resources are of greatest demand in industrialized countries. It is critical to the low grade. Some resources are mineralogically complex, and United States because of its defense-related uses in the most are not currently (2000) recoverable. The last significant aerospace, energy, and transportation industries. Substitutes are mining of columbium and tantalum in the United States was available for some columbium applications, but, in most cases, during the Korean Conflict, when increased military demand they are less desirable. resulted in columbium and tantalum ore shortages. Tantalum (Ta) is a refractory metal that is ductile, easily Pyrochlore was the principal columbium mineral mined fabricated, highly resistant to corrosion by acids, a good worldwide. Brazil and Canada, which were the dominant conductor of heat and electricity, and has a high melting point. pyrochlore producers, accounted for most of total estimated It is critical to the United States because of its defense-related columbium mine production in 2000. The two countries, applications in aircraft, missiles, and radio communications. however, no longer export pyrochlore—only columbium in Substitution for tantalum is made at either a performance or upgraded valued-added forms produced from pyrochlore.
    [Show full text]
  • Progress on the Leonora Province Plan
    ASX Release / 21 June 2021 Progress on the Leonora Province Plan Highlights • An additional circa 1.4 million ounces added to Mineral Resources in the Leonora Province, an uplift of around 30% • Resource Development and Extensional drilling commenced • Additional Resource inventory supports a Mill Expansion Study • Gwalia Intermediates incorporated in the Life of Mine plan • Third party ore sources secured to fill the mill for FY22 Previously Reported Updated 1, 2 Mineral Resources0F 1F LPP Mineral Resources Resource Area Tonnes (Mt) Ounces (Moz) Tonnes (Mt) Ounces (Moz) Gwalia Deeps 22.6 4.4 22.6 4.4 Gwalia Open Pit - - 8.4 0.8 Tower Hill 5.1 0.6 5.1 0.6 Harbour Lights - - 12.9 0.6 Totals 27.7 5.0 49.0 6.4 Increase with updated Mineral Resources 44% 28% 1 Refer to ASX release 24 August ’30 June 2020 Ore Reserves and Mineral Resource Statements’ 2 Current Mineral Resources are stated as at 30 June 2020 and not adjusted for FY21 year to date depletion Investor Relations Mr David Cotterell Manager Investor Relations +61 3 8660 1959 ASX: SBM Media Relations Mr Ben Wilson GRACosway +61 407 966 083 ADR: STBMY Authorised by Mr Craig Jetson Managing Director & CEO 21 June 2021 St Barbara Limited Level 10, 432 St Kilda Road, Melbourne VIC 3004 T +61 3 8660 1900 F +61 3 8660 1999 ACN 009 165 066 Locked Bag 9, Collins Street East, Melbourne VIC 8003 W www.stbarbara.com.au Leonora Province Plan Progress In the December 2020 Investor briefing, St Barbara Limited (St Barbara) outlined its strategy to grow production sustainably, lower the Company’s cost profile, and deliver superior returns to shareholders through three stages of uplift for the business.
    [Show full text]
  • Gwalia Investor and Analyst Site Visit 12 February 2016 Disclaimer
    Kous Kirsten, General Manager Leonora Operations Rowan Cole, Company Secretary Gwalia investor and analyst site visit 12 February 2016 Disclaimer This presentation has been prepared by St Barbara Limited (“Company”). The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. This presentation may contain forward-looking statements that are subject to risk factors associated with exploring for, developing, mining, processing and sale of gold. Forward-looking statements include those containing such words as anticipate, estimates, forecasts, should, will, expects, plans or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, and which could cause actual results or trends to differ materially from those expressed in this presentation. Actual results may vary from the information in this presentation. The Company does not make, and this presentation should not be relied upon as, any representation or warranty as to the accuracy, or reasonableness, of such statements or assumptions. Investors are cautioned not to place undue reliance on such statements. This presentation has been prepared by the Company based on information available to it, including information from third parties, and has not been independently verified. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information or opinions contained in this presentation.
    [Show full text]
  • Taking Responsibility for Australia's Mining Legacies
    GROUND TRUTHS: TAKING RESPONSIBILITY FOR AUSTRALIA’S MINING LEGACIES Charles Roche and Simon Judd ACKNOWLEDGEMENTS Research: Charles Roche, Simon Judd and Sangita Bista We recognise and pay tribute to the communities, researchers and mining professionals who have long understood the need for mining legacies reform in Australia. This project was sponsored by a grant from the Australian Conservation Foundation. Editors: Charles Roche and Simon Judd Design and layout: Elbo Graphics All images (c) MPI unless attributed Cover artwork: Trying to Protect Our Land, Jacky Green Prints available, monies raised will support community response to mining at McArthur River. ISBN: 978-0-9946216-0-3 A publication by the Mineral Policy Institute www.mpi.org.au | [email protected] GROUND TRUTHS: TAKING RESPONSIBILITY FOR AUSTRALIA’S MINING LEGACIES 2 CONTENTS Executive Summary 4 Recommendations 4 Mining In Australia 5 Mine Closure Or Mining Legacy? 6 Success or failure? Mine closures in Australia 6 Mining legacies 7 The Australian response to mining legacies 7 International recognition and response 9 Risk 11 Environmental and social risk 11 Financial Risk 12 Textbox 1. Yabulu Refnery 14 Examples Of Mining Legacies In Australia 15 New South Wales coal – case studies 15 Textbox 2. Financial risk at Russell Vale 18 Victorian coal – case studies 19 Textbox 3. A lack of closure planning at Anglesea 21 The Carmichael coal mine; project viability and closure risk 23 McArthur River Mine 23 Ranger Uranium Mine 24 Textbox 4. Burning rocks and technical risk at McArthur River 26 Regulation and Management of Mine Closure and Mining Legacies 28 Coordinated action on Australian mine closure 28 The state system and environmental fnancial assurance 28 The bonds system 29 Mining levies 29 New South Wales 29 Textbox 5.
    [Show full text]
  • The Mineral Industry of Australia in 2008
    2008 Minerals Yearbook AUSTRALIA U.S. Department of the Interior August 2010 U.S. Geological Survey THE MINERAL INDUS T RY OF AUS T RALIA By Pui-Kwan Tse Australia was one of the world’s leading mineral producing and the Brockman iron project in the Pilbara region of Western countries and ranked among the top 10 countries in the world Australia (Australian Bureau of Agricultural and Resource in the production of bauxite, coal, cobalt, copper, gem and Economics, 2009a). near-gem diamond, gold, iron ore, lithium, manganese ore, tantalum, and uranium. Since mid-2008, the global financial Minerals in the National Economy crisis had sharply weakened world economic activities, and the slowdown had been particularly pronounced in the developed Australia’s mining sector contributed more than $105 billion countries in the West. Emerging Asian economies were also to the country’s gross domestic product (GDP), or 7.7% of the adversely affected by the sharply weaker demand for exports GDP during fiscal year 2007-08. In 2008, the mining sector and tighter credit conditions. After a period of strong expansion, employed 173,900 people who worked directly in mining and an Australia’s economic growth decreased by 0.5% in the final additional 200,000 who were involved in supporting the mining quarter of 2008. Overall, Australia’s economy grew at a rate activities. Expectations of sustained levels of global demand for of 2.4% during 2008. During the past several years, owing to minerals led to increased production of minerals and metals in anticipated higher prices of mineral commodities in the world Australia, and the mineral industry was expected to continue markets, Australia’s mineral commodity output capacities to be a major contributor to the Australian economy in the next expanded rapidly.
    [Show full text]
  • Congo Coltan: Cellular Communication Connecting to Conflict
    WORK & CULTURE Congo Coltan: Cellular Communication Connecting to Conflict Kevin Woods Working Group on The Cellphone Project: Demobilizing, Globalization and Culture, Delinking, Disconnecting the Yale University Commodity Chain Work & Culture 2004/4 http://www.yale.edu/laborculture/work_culture.html Woods | Congo Coltan Discursive formations are never singular. Discourses operate in conflict; they overlap and collude; they do not produce fixed or unified objects. (Lowe 1991:8) The cellular telephone acts as an appropriate consumer good for the commodity chain framework because the approach attempts to visibilize the places that cell phones disconnect.1 Global markets help erase the production places and the cultural, social and environmental conditions of global commodities. Cell phones remain disconnected from its multiple production places by being both a global commodity and as a communication device. Cellular communicators create a globalized world of instant place-less communication, calling to and from any place yet joining at being un-grounded. This paper will re-connect to cell phone production places in Congo.2 I will explore how these hidden places that are intimately connected to global commodity chains become battle grounds of contestations over meanings of place. Often these areas of natural resource wealth become conflict zones by different actors fighting over control of the rich resources. If these places of struggle become embedded within civil war, then the dynamic shifting of alliances over control of extracting natural resources connected to cell phone production provide insight into the binary relationships between formal- informal economies, legitimate-illegitimate resource extraction, (trans-)national- local control, war-peace and trade-trafficking.
    [Show full text]
  • Mount Burgess Gold Mining Company N.L
    MOUNT BURGESS GOLD MINING COMPANY N.L. COMPANY PARTICULARS Directors: NIGEL RAYMOND FORRESTER, F.C.A., (Chairman and Managing Director) CLIVE BRUCE JONES B.App.Sc.(Geol.), M.Aus.I.M.M JEFFREY JOHN MOORE B.App.Sc.(Geol.), M.Aus.I.M.M GODFREY EDWARD TAYLOR, LL B RONALD WILLIAM O’REGAN Joint Secretaries: JAN FORRESTER DEAN ANGELO SCARPAROLO, B.Bus., ASA. Registered Office: Level 5, 178 St. Georges Terrace, Perth, Western Australia, 6000. Telephone: (08) 9322 6311 Facsimile: (08) 9322 4607 Email: [email protected] Website: www.mountburgess.com Share Registry: Advanced Share Registry Services, 7th Floor, 200 Adelaide Terrace, Perth, Western Australia, 6000. Telephone: (08) 9221 7288 Facsimile: (08) 9221 7869 Auditors: Deloitte Touche Tohmatsu, 16th Floor, Central Park, 152-158 St. George's Terrace, Perth, Western Australia, 6000. Bankers: Australia and New Zealand Banking Group Ltd, 77 St. George's Terrace, Perth, Western Australia, 6000. MOUNT BURGESS GOLD MINING COMPANY N.L. ADDRESS BY THE CHAIRMAN It is my pleasure to present to you this annual report for the year to 30 June 2000. In a year that has seen a significant decline in exploration throughout the resource industry, particularly within the small company sector, the Company, through being well cashed up, has achieved a healthy exploration programme of some $2 million. At Telfer, where Normandy Gold Pty Ltd is carrying the full cost of exploration to the end of this year, the Company, through the payment of $300,000 to Carpentaria Gold Pty Ltd has secured 100% equity over all the tenements in the joint venture.
    [Show full text]
  • COLUMBIUM (NIOBIUM) and TANTALUM by Larry D
    COLUMBIUM (NIOBIUM) AND TANTALUM By Larry D. Cunningham Domestic survey data and tables were prepared by Robin C. Kaiser, statistical assistant, and the world production table was prepared by Regina R. Coleman, international data coordinator. Columbium [niobium (Nb)] is vital as an alloying element Legislation and Government Programs in steels and in superalloys for aircraft turbine engines and is in greatest demand in industrialized countries. It is critical Summaries of important columbium and tantalum statistics to the United States because of its defense-related uses in the are listed in tables 1 and 2, respectively. To ensure supplies of aerospace, energy, and transportation industries. Substitutes are columbium and tantalum during an emergency, various materials available for some columbium applications, but in most cases, have been purchased for the NDS (table 3). The NDS had no they are less desirable. goals for columbium and tantalum materials as of December Tantalum (Ta) is a refractory metal that is ductile, easily 28, 2001. For fiscal year (FY) 2002 (October 1, 2001, through fabricated, highly resistant to corrosion by acids, a good September 30, 2002), the DNSC sold about 10 metric tons (t) conductor of heat and electricity, and has a high melting point. of columbium contained in columbium carbide powder valued It is critical to the United States because of its defense-related at about $86,000 (which exhausted the DNSC’s columbium applications in aircrafts, missiles, and radio communications. carbide powder inventory) and about 9 t of columbium contained Substitution for tantalum is made at either a performance or in columbium metal ingots, valued at about $301,000, from the economic penalty in most applications.
    [Show full text]
  • Comprehensive Strategic Analysis of the Tantalum Industry
    COMPREHENSIVE STRATEGIC ANALYSIS OF THE TANTALUM INDUSTRY by Joel JEANGRAND PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In the Faculty of Business Administration O Joel JEANGRAND 2005 SIMON FRASER UNIVERSITY Summer 2005 All rights reserved. This work may not be reproduced in whole or in part, by photocopy or other means, without permission of the author. APPROVAL Name: Joel Jeangrand Degree: Master of Business Administration Title of Project: Comprehensive Strategic Analysis of the Tantalum Industry Supervisory Committee: Senior Supervisor Mark Selman, Adjunct Professor Second Reader Neil Abramson, Associate Professor Date Approved: DECLARATION OF PARTIAL COPYRIGHT LICENCE The author, whose copyright is declared on the title page of this work, has granted to Simon Fraser University the right to lend this thesis, project or extended essay to users of the Simon Fraser University Library, and to make partial or single copies only for such users or in response to a request from the library of any other university, or other educational institution, on its own behalf or for one of its users. The author has further granted permission to Simon Fraser University to keep or make a digital copy for use in its circulating collection, and, without changing the content, to translate the thesislproject or extended essays, if technically possible, to any medium or format for the purpose of preservation of the digital work. The author has further agreed that permission for multiple copying of this work for scholarly purposes may be granted by either the author or the Dean of Graduate Studies.
    [Show full text]
  • DMP Annual Report 1955
    COVER PICTURE The cover picture shows the Sons of Gwalia Gold Mine at Leonora. In the foreground of the picture are the staff houses and swimming pool. In the centre can be seen the plant, mine buildings and the head~frame, with" the open cut in the background. This is the oldest mine in Western Australia having been worked continuously since 1897. It has produced 6,063,460' 53 tons of ore for 2,362,405 fine ozs. of gold. WESTERN AUSTRALIA - 1957 1-;::============================ OF THE e artm nt of In s FOR THE YEAR 1955 I I PERTH: By Authority: WllLlAM H. WYATT, Government Printer 1957 3974'3'57-625 To the Hon. Minister for Mines. Sir, I have the honour to submit the Annual Report of the Department of Mines of the State of Western Australia for the year 1955, together with reports from the officers controlling Sub-Departments, and Comparative Tables furnishing statistics relative to the Mining Industry. I have the honour to be, Sir, Your obedient servant, A. H. TELFER, Under Secretary for Mines. Perth, April, 1956. TABLE Of CONTENTS DIVISION I. Page Part I.-General Remarks 7 Output of Gold during 1955 7 Mining generally 7 Minerals .... 8 Coal 8 00 8 Part Il.-Minerals Raised.... 9 Quantity and Value of Minerals produced during 1954-55 .... .... 9 Value and Percentage of Mineral Exports compared with Total Exports 10 Amount of Gold from every Goldfield reported to Mines Department 11 Gold Ore raised and average per man employed .... .... .... 11 Output of Gold from other States of Australia, Mandated Territory of New Guinea, and New Zealand 12 Dividends paid by Mining Companies during 1955 12 Minerals, other than Gold, reported to ~1ines Department 14 Coal raised, Value, number of Men employed, and Output per man 15 Part IlL-Leases and other Holdings under the Various Acts relating to Mining- Number and Acreage of Leases held for ~ning 15 Part IV.-Men Employed- Average Number of Men engaged in ~1ining during 1954-55 16 Part V.-Accidents- Men killed and injured during 1954-55 17 Part VL-State Aid to Mining- State Batteries ...
    [Show full text]