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Report: Demand for silver expected to rebound in 2014

November 30, 2012

Despite a six percent decrease in silver consumption projected for 2013, resulting from the sluggish global economy, a new report commissioned by the Silver Institute found that silver consumption is expected to rebound in 2014. This is due to increased demand for consumer products—specifically automobiles and electronics—in emerging markets where rapidly advancing living standards means such products have become increasingly affordable and desirable.

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Guest post: American Elements releases Endangered Elements List

November 29, 2012

Today, American Elements published its second annual Endangered Elements List (EEL12), which features five elements ranked by their scarcity and technological importance. The primary purpose of this annual list is to bring attention to the minerals scarcity crisis and to educate Americans as to which elements are critical, what makes them essential and endangered and what other nations are doing to assure they can obtain and produce minerals.

The constant refrain that the way out of our present fiscal difficulties is for America to get back in the business of making things; however, to manufacture the products flowing from great ideas, we need access to the critical materials on which these discoveries are based. As green technology and other 21st century innovations emerge—including solar panels, electric motors, fuel cells and wind turbines—large amounts of various elements will be required to build these materials.

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UPDATED: Fact or fiction? Call of Duty: Black Ops II

November 20, 2012

The scene: It’s 2025 and the United States has entered a cold war with The People’s Republic of China. In Call of Duty: Black Ops II, the latest in the immensely popular Call of Duty video game series, terrorists have taken down the Chinese stock exchange, leading to a ban on rare earth mineral exports from China—and global conflict. It may seem far-fetched, but is there an element of truth to this fiction?

Let’s look at the facts: Today, China produces more than 95 percent of the global supply of rare earths and the United States is 79 percent import-dependent on China for these valuable minerals, critical components of countless products used by Americans every day. China has the ability to significantly influence market dynamics and has leveraged the power of its near monopoly by imposing numerous mineral export restrictions that have forced major U.S. companies to move their manufacturing overseas. At present, there is little clarity or predictability about China’s rare earth production and export policies, which sends uncertain supply signals to the market and can leave investors and downstream industries in a state of confusion.

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Newmont Mining employees raise $2 million for local non-profits

November 19, 2012

Through the company’s employee giving program, Newmont Mining Corporation's employees have pledged more than $1.08 million to the NMC Legacy Fund for 2013. The program, which encompasses a direct employee giving campaign, community contributions program and a community endowment fund, is an industry-leading example of a sustainable investment program designed to assist in meeting long-term community social service needs. 

Newmont matched employee pledges dollar for dollar, bringing the 2013 total to an impressive $2.16 million. More than 150 local organizations in northern Nevada communities where Newmont operates will benefit from the 2013 NMC Legacy Fund.

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Mining drives Nevada job growth

November 15, 2012

Nevada’s mining sector has accounted for 14 percent of jobs added in the state in the past year and 33 percent of jobs added statewide since the recession ended in June 2009, according to a recently released study from the Nevada Mining Association completed by Las Vegas-based Applied Analysis.

Jeremy Aguero, principal analyst for Applied Analysis, noted that, “these were not jobs recovered that had been lost; rather, they represented real growth. Industry representatives have indicated that there is unfulfilled demand for even more employees to join the industry.”

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From Twitter

#Mining through hard rock can be difficult. Here are 7 things #miners evaluate to make the process more efficient: ow.ly/V1kwN

#Miners boost our economy, create jobs, enable innovation & more. Read our blog: ow.ly/V4m97 https://t.co/XJ4jF8Kefo

Did you miss @harrymoser's radio media tour about #minepermitting and manufacturing? You can listen to it here: ow.ly/V1KGU
24 Nov

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