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Canadian Dehua International Mines Group has changed its position, expressing hopes its operations on a coal mining venture in the province of British Columbia will resume, after announcing its already pulling the plug on the project during the weekend.
Australia may have the honor of building the first tidal energy facility in the Southern Hemisphere. And the first step towards that alternative energy facility was taken by Charles Darwin University. CDU recently entered a memorandum of understanding with Tenax Energy to build a research center in Clarence Strait, which is about 60 kilometers north of the city of Darwin. The center is expected to host a pilot tidal energy plant that can generate 2 MW of energy.
San Diego company Uprise Energy is currently developing a new, easily-deployable, and customizable 50kW wind turbine. Packed with over 40 innovations courtesy the Company’s Energy Consumption System, the Uprise design will offer a competitive method for deriving electricity from wind energy.
Qld state government auctions oil and gas exploration licenses
via The Mining Journal
According to resource industry exports, auctioning off the licenses in exchange of cash will drive operational costs upwards and stunt the growth of the industry, in particular that of coal seam gas. The state government, on the other hand, said that its plans were justified since mining companies had access to the state’s rich resources.
The auctions will start next week through a competitive cash bidding process of the petroleum areas to interested resource proponents – both domestic and international. Accordingly, the preferred bidder, will gain exclusive exploration rights to the land that was made available in the auction. The rights would still be subject to conditions, according to the Queensland government.
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Not everyone reaping the benefits of mining boom - Tourism Council of WA
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According to the tourism council of Western Australia, the state government should focus efforts on regional communities that are not directly reaping the benefits of the mining boom. While hotel rooms in Perth, Port Hedland, and other mining centres are getting the numbers thanks to the influx of business trips, some regions of WA remain neglected, almost forgotten.
Evan Hall, a member of the tourism council, pointed out how the government has focused too much attention on investing time, money, and infrastructure in this mining hubs, leaving certain towns at the lower end of the mining boom inequity.
Hotel occupancy rates in the boom towns are up to 80% while in areas like Broome and Busselton, the rates are only around 50%. Hall said the numbers reflect the kind of support the towns are getting from both the state government and the private sector; and suggested that both sectors diversify the economy, and develop more balance tourism.
Resource Inventory recommends:
Mining boom, soon to fade?
This midweek's recommended reads
With the rise of new energy sources, we look into the technologies emerging as ideal alternatives to current oil and gas resources.
Before anything, you may want look at the Standardization in the Petroleum Industry, and how these changes reflect the industry of today.
Next, you might want to read on the Largest Renewable Energy Sources Today, which will make you ask questions on why this particular source still hasn't been tapped for its potential.
The answer however, comes from the post before this, on the report that economic realities prevent wind from potentially powering the globe.
World may rely more on wind energy soon
Recent studies by two different US science teams suggest that the Earth has enough wind energy to powered the world. Unfortunately, the cost of building wind turbines and wind farms may outweigh the report's findings.
Based on the research, wind energy can provide up to hundreds of trillions of watt power, which already ten times what we consume today. Potentially, wind energy can produce even up to 20 times current world consumption rates.
Despite wind energy providing to be an ideal, environmentally-sound alternative source, finances remain the biggest hurdle to any dramatic increase in the use of wind. The cost of building a system of turbines is too high, plus it would also take too much land.
Wind energy must also compete with coal and fossil fuels, which are often more preferred because they enjoy government subsidies. Natural gas is still cheaper compared to wind power. So despite the potential, the economic reality puts the reports in the backseat.
You might also like to read:
The Oil and Gas Industry's Modern History: The Russian Empire
Miners dig high-tech sites
PhDs from the likes of Massachusetts Institute of Technology and the California Institute of Technology comprised the academic group that reviewed BlackLight’s CIHT process. The scientists performed half a dozen separate, independent studies that confirmed the validity of BlackLight’s “Hydrino theory.”
