Saturday, April 20, 2013

World's top copper mines

The Escondida copper-gold-silver mine is located in the northern Atacama Desert of Chile, 3,050m above sea level. The mine is a joint venture between BHP-Billiton (57.5%), Rio Tinto (30%), a Japanese consortium (10%) and the IFC (2.5%).
It came on-stream in late 1990 and its capacity is 230,000t/d.
Chuquicamata (Codelco Norte) is by excavated volume the biggest open pit copper mine in the world, located in the north of Chile, 215 km northeast of Antofagasta and 1,240 km north of Santiago. The mine is owned and operated by Codelco. At 850 meters (2,790ft) its the second deepest open-pit mine in the world (after Bingham Canyon Mine in Utah, USA).
The Grasberg Mine is the largest gold mine and the third largest copper mine in the world. It is located in the province of Papua in Indonesia and has 19,500 employees. It is majority owned through a subsidiary by Freeport-McMoRan.
The Collahuasi mine in Chile was commissioned in April 1999 at a cost of US$1.76bn. The mine is 44%-owned by Xstrata plc in joint venture with Anglo American (44%) and a Japanese consortium (12%). It has a long-term capacity of 500,000t/yr of copper.
The El Teniente mine in Chile is an underground copper mine located 2,300 m (7,500 ft) above sea level in the Andes.

Mining at El Teniente stared as early as 1819. It is "the world's biggest underground copper mine", and is the largest of Codelco's operations.


The Norilsk-Talnakh deposits in Russia are the largest nickel-copper-palladium deposits in the world. The Norilsk deposits were discovered during the 1920s, with nickel production starting during the Second World War. Underground mining began in the 1950s.
Reserve estimates show proven and probable ore reserves totalling 478.7Mt, containing 6.27Mt of nickel, 9.37Mt of copper, 62.2Moz of palladium and 16Moz of platinum. Reserves are reportedly sufficient to support 50 years' output at current rates.




Copper is believed to have been used first by Neolithic man as a substitute for stone around 8000 B.C. The science of metallurgy emerged when copper was heated and mold-casted into shapes in Egypt around 4000 B.C. In 3500 B.C., fire and charcoal were used to smelt ores, and copper was alloyed with tin to create bronze, giving rise to the Bronze Age.

The Romans obtained their copper from Cyprus. It was called aes Cyprium, which means "metal of Cyprus." This was shortened to cyprium. Later, cyprium was changed to coprum, and eventually became known in English as copper.

Thursday, April 18, 2013

The Graff Pink - most expensive Gem ever at auction

The Graff Pink
The Graff Pink is an emerald cut 24.78 carats, type IIa "fancy intense pink" diamond. It holds the title as most expensive single jewel ever sold at auction in the world at $ 46 million US in 2010.

“What makes it so immensely rare is the combination of its exceptional color and purity with the classic emerald-cut,” said David Bennett, chairman of Sotheby’s.

Little is known of the Graff Pink's history before the 1950s.



Wednesday, April 17, 2013

The Clark Pink

The Clark Pink
In April 2012 the jewels of eccentric heiress Huguette Clark were put under the hammer at Christie’s New York.

Huguette Clark was heir to a copper empire and lived the last 30 years of her life in various New York hospitals until her death at age 104. Her jewels were believed to have been kept in a vault unseen since the 1940s.

The collection of seventeen items brought $ 20.8m but the star was the 9 carat Pink Diamond which sold for $ 15.7m.


_____________________________________
"A long-lost relative of the reclusive and eccentric New York heiress Huguette Clark, who stood to inherit $19 million of her $300 million fortune has been found dead from hypothermia in rural Wyoming.

Timothy Henry Gray's body was discovered by children sledding under a Union Pacific Railroad overpass in Evanston, in the southwest of the state on Thursday, as the temperatures hit 10 degrees.

Gray, 60, was the half great-nephew of Clark, who died in May 2011 aged 104.

The heiress had not visited Bellosguardo in Santa Barbara, California since the 1950s
Huguette Clark left no money to her relatives and lived as a recluse in New York City hospitals until her death. Her palatial properties across the country sat unused for decades.
"The last Fifth Avenue apartment belonging to the late reclusive and eccentric heiress Huguette Clark is now for sale for $7.2 million.

The final piece of the eighth floor of 907 Fifth Avenue owned by the daughter of copper baron multimillionaire, William Andrews Clark, went on sale on April 5. It is said to have been used exclusively for Huguette Clark's dolls.

Speaking to NBC, Mr Baeyens said: 'She didn't want to go out. She didn't want to have beautiful things. She just wanted to be home and play with her dolls.' Clark collected dolls obsessively and her vast real estate holdings were filled with them.

http://www.dailymail.co.uk/news/article-2307820/Last-Fifth-Avenue-apartment-belonging-reclusive-heiress-Huguette-Clark-goes-sale-7-2million--home-just-dolls-decades.html

Saturday, April 13, 2013

"Princie Pink" Sells for $ 39m

UPDATE : The "Princie Pink" sold for $ 39m at Christies in New York
The Princie Pink diamond heads to auction April 16 at Christie's New York and some jewellers expect it to sell for around $40 million dollars. A cushion-cut jewel, it weighs 34.65 carats and is one of the finest and largest of its kind.

The historic polished stone can be traced back to the ancient diamond mines of south central India. It was first recorded as part of the collection of the Hyderabad state's royal family during the Mughal Empire of the late 1500s to mid 1600s. The Hyderabad monarchy offered the piece at auction in 1960 where the diamond fetched a price of 46,000 pounds sterling (approximately $69,588 in today's currency) when French jeweller Van Cleef & Arpels bought it via its London branch.
The gem was subsequently named "The Princie" in honour of the 14-year-old Indian Prince of Baroda who attended a Parisian party held by the firm.
http://www.mining.com/rare-pink-diamond-heads-to-auction-block-77365/


Check out our recent the Argyle Pinks page :

http://pennystockjournal.blogspot.ca/2013/04/argyle-pinks.html




Thursday, April 11, 2013

Superior Plus Corp - SPB.t

Superior Plus Corp - SPB.t operates through 3 divisions; Energy Services, Specialty Chemicals, and Construction Products Distribution.






On April 4, 2013, the company reported NEWS

"April 2013 Cash Dividend - $0.05 per share

Superior Plus Corp. ("Superior") (TSX:SPB) today announced its cash dividend for the month of April 2013 of $0.05 per share payable on May 15, 2013. The record date is April 30, 2013 and the ex-dividend date will be April 26, 2013. Superior's annualized cash dividend rate is currently $0.60 per share. This dividend is an eligible dividend for Canadian income tax purposes.

About the Corporation

Superior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates, providing fixed-price energy services, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products."

__________________________________











http://pennystockjournal.blogspot.com/2013/04/superior-plus-corp-spbt.html



Contact


RSS