Data Mining Book

Archive for February, 2012

Gold has always been viewed as an investment but today’s new investor is just as likely to be your neighbor in the flat next door who bought gold bullion coins off a late night TV ad as it is to be a wealthy individual whose financial adviser suggested they include gold in their asset portfolio. The latter of these two people, and their financial adviser, could benefit a great deal from independent analysis of gold prices.

It’s not easy to find an independent analysis of gold prices, but if you want to make money investing in gold, it’s essential. Gold coins, bullion gold bars, and gold shares and gold certificates may be purchased from a variety of dealers both online and offline, each of whom is offering their own analysis of whether gold prices will rise or fall.

While many of these analysts correctly interpret the information they do receive, they rarely get the complete story. Serious investors need advice about gold prices from firms with expertise in mining, market trends and an extensive knowledge of metals. You will want to look for firms capable of producing short, medium, and/or long-term analysis for gold prices depending on your investment goals.

Investing in shares of gold mining companies is an alternative to investing in physical gold or shares of gold. Theoretically, if gold prices rise, the gold mining company will profit and the share price will rise. This, however, is not always the case, and thorough analysis of the global gold and gold mining market is essential before making this type of invest.

A gold could see their shares plummet even as gold prices rise. Mines could see losses from floods, poor management or worker’s strikes even if they have a steady supply of gold to mine and a ready market for it. Utilizing new technologies that made mining easier, safer and faster could make a mine more profitable n the face of falling gold prices. Of course, there is always the risk of investing in a fraudulent mining company with no gold reserves, or potential of finding gold without independent advice.

Gold mining does not need to make up for gold demand, either. Gold is a reusable resource. It can be melted down and re-used. The numerous “cash for gold” offers seen on TV are the perfect example of gold being recycled.

So many factors influence gold prices that only an independent analysis of gold prices can ensure the investor without extensive knowledge of the gold market, actually makes a wise investment. Factors such as inflation, political stability and the global supply and demand for gold effect the price, and it is not easy to predict how these events will effect gold prices and how much of an effect they will have.

For example,an increase in gold demand could mean many things depending on whether the gold demand is coming from central bank reserve increases, jewellery production, or investors are snapping up gold coins and gold bars. It truly takes an expert to provide a thorough, independent analysis on gold prices if you want the best investment advice possible.

The Association of Wind Energy Promoters of Castilla and Leon (APECYL) is concerned about the economic damage that can cause the wind sector the “tax” by which the regional government impose environmental damage from hydroelectric, wind farms and high voltage transmission. APECYL understand the position of the Board, but not shared. The regional wind employer is aware of the difficult situation facing the Community in particular and the country generally, and assumes that the Administration has to boost tax collection measures, but requests the Board, and it has been so transmitted a proposal that “the measure is temporary and exceptional. Serve to balance budgets and get ahead in this economic climate, but does not cause irreparable damage that would be, “said Eugenio Garcia Tejerina, general secretary of the association.

APECYL estimated that the sector must assume a cost overrun of about 30 million euros as a result of this eco-tax which, as pointed out by Eugene Garcia Tejerina, “nor echo, nor rate as levied on alleged environmental condition of the parks and leaves out of his taxable event to the contaminant generation such as coal or nuclear power. “

The Association of Wind Energy Developers of Castile and Leon praised the great efforts made by the Junta de Castilla y Leon in recent years on renewable and called the department heads Ricardo González Mantero as a national example in energy development wind, but on this occasion, “not share” the entrance of this eco-tax which discriminates adversely renewable generation with respect to the pollutant.

APECYL has met in recent days with representatives of regional government and the parliamentary group transfer you to the proposed timing of the standard and the objective of the eco-tax does not mean a break in an area already severely strained by regulatory instability living nationwide. “This tax creates legal uncertainty and affect confidence in a successful model that has led us to be leaders in installed wind power. We can not allow the ecotax slow the rate of growth of an industry that has made things very well, “said Javier Gracia Bernal, president of APECYL.

The eco-tax, as APECYL, “threatening many future projects and put on the ropes to others who are already working.” Another risk posed by the new tax aimed directly into the pockets of the Castilians and Leonese, because “the additional cost can be transferred to consumers, as the criterion of the CNE and the courts. The light would be more expensive in Castile and Leon. “

“The new environmental tax being prepared by the Junta de Castilla y León for wind farms change the rules halfway through the game and directly affects the economic viability and profitability of many projects,” they say. In this sense, APECYL used the press conference to ask the central government to “adopt rules governing the sector from 2013″, which is essential to recover investments and profitability.

Ecologists in Action has supported the research project on offshore wind, Zefir, to be implemented in the public domain of the coast of Tarragona, which will feature both public administrations and universities, and whose development “will face challenges such as changing climate dependence on fossil fuels and nuclear energy model change. “

The organization warned in a statement that the results should be public and transparent because they have to serve the public interest and ensure the rights to information and participation, and that the focus should assign priority to assessing the impacts caused to the environment.

The group believes that the future of wind energy is to install offshore wind turbines where the wind is more intense and stable and that in the case of Spain, the depth of the waters near the mainland coast “is necessary technology research floating wind turbine. “

Consider this project as an “opportunity to put Catalonia and Spain in world-class” research in deepwater offshore wind and a chance also for the Atmetlla de Mar (Tarragona) is positioned as a pioneer population of the anti-nuclear struggle.

Ecologists in Action questions the participation of some multinational energy sector that have shown interest in this project on the grounds that its incorporation “involves deregulation and multinational private concentration of power in this area globally.”

Conga is the owner of Minera Yanacocha, whose ownership is shared by Newmont Mining, Minas Buenaventura and the ICF World Bank. Located in Cajamarca, Conga will involve an investment of U.S. $ 6 million a day, those who are spending from August this year. · The project will represent a total investment of U.S. $ 4 800 million

The Conga project operator is Minera Yanacocha, which is investing $ 6 million a day from the first of August this year, the regional president of business Yanacocha, Thomas Savage.

Savage felt that the project could get underway by the second half of 2014.Conga involve a production of 330 metric tons of copper concentrate with gold, in a 50-50 split.

As in Yanacocha, the Conga project located 72 kilometers from Cajamarca, Peru, Newmont Mining participate Buenaventura. Savage said that at this time Conga is the flagship project of both companies.

Savage also noted that the project itself involves the development of two open pits and a concentrator plant sufuros of 92 thousand tons per day.

“It’s a massive project, big enough that is already under implementation. The Conga project is our project is the main star and focus of the Yanacocha mine, “he said.

The executive of Newmont said that so far have already been mobilized to 3 thousand people for the first phase of the project and ensures that early next year will employ 8 000 people for its construction phase.

Expand these resources in an additional 800 million suns. So reported the National Society of Mining, Petroleum and Energy, highlighting the expansion of the Toquepala plant, which, Southern Peru is investing $ 800 million.

SNMPE President, Pedro Martinez, the union expressed concern mining-because groups opposing the development of modern mining and formal in the country are misinforming the public to reject the draft Southern Peru.

“It is false that the expansion of the concentrator, the Tacna region will run out of water sources. The construction of the concentrator in Toquepala does not require new water sources, “said Martinez, commenting that this is one of the” myths “used by opponents of private investment in the south.

The president said that the union SNMPE mining-notes with concern that, as a result of force measurements were recorded days ago in Tacna, the Ministry of Energy and Mines has acted to cancel the public hearing that took place last September 21.

Pedro Martinez reported that with the commissioning of the concentrator plant, double the capacity of mineral processing, the Tacna region would receive 800 million soles additional monthly fees and mining royalties per year.
He noted that for fiscal 2010, Tacna has just received 350 million dollars per mining royalties, a figure that would rise to over 1,150 million soles, when operating the Toquepala concentrator. “

He said that during 2006-2010, Tacna received 2.341 million soles for mining royalties. “This region does get benefits from mining, the important thing here is that their authorities use these resources efficiently in basic infrastructure and productive to contribute to improving their quality of life.”
He said he did not understand the opposition from some unions workers from this mining project, as in the construction phase will generate 2,200 new jobs and 300 jobs when working.

Dialogue is an important tool in the democratic system, Martinez said, but this dialogue should take place in conditions of mutual respect between the parties and with the clear goal of finding the best opportunities for Peru and Tacna.

Antamina has invested over 1,000 million soles in sustainable development in Ancash. Compania Minera Antamina SA completed ten years of beginning operations on a commercial scale. This major Peruvian mining complex, one of the five largest in the world and considered a world class mining operation, is recognized for its important contribution to national development and of the Ancash region.

The Antamina mine wait long to be exploited and after a successful exploration program and the award was determined to perform the hitherto largest mining investment in Peru’s history, worth U.S. $ 2.520 million.

The project began test operations in the May 28, 2001, trade volume reaching the 1 October of that year, when considered as a milestone for the company. To date Antamina has invested approximately 12 billion soles in capital goods, among which the concentrator plant, one of the most automated in the world and has the capacity to process up to eight different types of ore.

During the first ten years Antamina has contributed to the Peruvian State with about 13 billion Suns, by way of taxation, mining royalties and voluntary contributions. Note that this amount, 1,000 million soles correspond to different sustainable development initiatives Antamina Mining Fund, the Association plans Ancash and Community Relations of the CIA.

In late 2011, the company will start operations of a new grinding and flotation circuit to increase by 38% the capacity of mineral processing. As is known, Antamina produces about a million and a half tons of copper and zinc concentrates and currently ranks first as Peruvian producer of this important mineral.

Antamina is a Peruvian company whose shareholders are BHP Billiton (33.75%), Xstrata (33.75%), Teck (22.5%) and Mistubishi Corporation (10%). The mine is located at 4.300 m.s.n.m. in the district of San Marcos, Huari province of Ancash and the region.