Kumba Iron Ore starts $382m town resettlement

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Kumba Iron Ore Ltd. started moving more than 500 households as part of plans to raise output at Africa’s largest mine for the steelmaking ingredient as the Anglo American Plc unit announced a business review.

Kumba will move some homes from the west of the Sishen mine to a new precinct in the nearby town of Kathu in South Africa’s Northern Cape province by year-end, Public Affairs Head Yvonne Mfolo said today. The rest, as well as businesses, schools, clinics and churches, will be moved by the end of 2016 in the 4.2 billion-rand ($382 million) project. It’s reviewing all operations, spending plans and product portfolios after prices fell to a five-year low, spokesman Gert Schoeman said.

Kumba Iron Ore starts $382m town resettlement

Kumba is expanding the Sishen pit as the price of iron ore, which has fallen 47 percent this year, dwindles, partly on concern China’s economic slowdown will weaken demand for the material. At the same time, BHP Billiton Ltd., Rio Tinto Plc and Vale SA have increased production to bolster their market shares, creating a glut and preventing a price rebound.

“Prices have moved to lower levels than we expected,” Schoeman told reporters at the site. The company will announce more details on London-based Anglo American’s investor day on Dec. 9, he said.

Kumba Iron Ore starts $382m town resettlement

The commodity, which traded at $70.97 a metric ton at 12:39 p.m. in London, will fall to less than $60 in the third quarter of 2015, Citigroup Inc. said in a Nov. 11 report. Only BHP and Rio, the world’s two largest mining companies, and Pretoria- based Kumba produce profitably at that price, UBS AG analysts said in a Sept. 12 report.

Higher Output
Kumba wants to increase iron-ore output from the open-cast mine to 37 million metric tons by 2016. South Africa is the world’s fifth-largest producer of the seaborne variety of the material.

BMO

The expansion of Sishen “is already encroaching on the buffer zone of the community,” Mfolo said, referring to a 500- meter (1,640-foot) border between the pit and the settlement. “As it is they’re dealing with a lot of dust” from current mining, she said.

Owners of 17 homes and 54 municipal houses will be moved by the end of December, Mfolo said. Included in the relocation program are 24 businesses, schools and clinics, a police station and seven churches, she said.

BMO cuts gold, silver, platinum price outlook

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BMO Capital Markets warns miners should prepare for a “prolonged period of sub-US$1,200/oz gold prices.”

As a result, “many of the gold producer equities will struggle, especially those with higher cash costs and/or high debt loads,” cautioned BMO Nesbitt Burns analyst Jessica Fung in a report issued October 7th.

“Gold, silver and platinum prices remain under considerable pressure due to expectations for the U.S. dollar to continue strengthening,” Fung advised.

GOLD 

BMO has lowered 2015-16E gold prices from $1,275 to $1,190 in 2015 and from $1,250 to $1,238 in 2016 to reflect recent price performance, adding “BMO Research does not expect any upset for gold from current levels until H2/16E based on U.S. dollar forecasts.”

In her analysis, Fung observed that at gold prices of $1,200/oz, “nearly 40% of gold production is loss-making on an All-in Cost (AIC) basis. Further, given BMO Research covers some of the larger and better-cost operators, on a global basis it is possible well over half of gold production is unprofitable at current gold prices.”

BMO

Nevertheless, BMO Research forecasts rising gold mine supply through 2018E, “despite operating in a lower price environment. Ongoing efforts to cut costs and revise mine plans are much preferred to curtailing operations.”

“Consumer demand for gold, particularly the ‘shift from west to east’ makes great headlines, but does not impact the gold price, in BMO Research’s view,” observed Fung.

BMO prefers gold producers with younger mines, “since younger mines frequently have more flexibility to adjust mine plans to a higher grade. Higher grade portions of older mines are generally mined out.”

Gold mining names preferred by BMO Research include: Randgold, Alamos Gold, Franco-Nevada, Goldcorp, and Dalradian.

SILVER

Silver price forecasts have been revised down by BMO Research “in light of recent price performance and ‘in sympathy’ with gold prices. BMO Research expects silver prices to average US$17.50/oz in 2015E … moving up to US$19.50/oz in 2016E in a weaker environment.” Previously, BMO forecast a 2015E silver price of $20.25.

Mined silver supply growth through 2019E is anticipated by BMO Research. “Much of this growth is, like existing production, a result of by-product output from gold, copper and zinc mines. In addition, BMO notes that zinc smelters in China are increasingly capable of processing silver from zinc concentrates, providing upside risk to BMO Research’s supply expectations.”

Meanwhile, the industrial demand for silver remains at relatively low levels, Fung noted.

PLATINUM

BMO Research prefers to view platinum price performance in rand terms, “which has reflected market fundamentals more so than in U.S. dollar terms.”

“A relatively tight market for platinum” is anticipated over the medium term, “though not undersupplied liked platinum,” observed BMO Research. “BMO continues to expect platinum prices to improve in rand terms, but given expectations for a still-weakening rand through 2016E, platinum prices are forecast to be rather rangebound in the USD.”

BMO platinum price forecasts for 2015E have been revised from $1,500 to $1,413 per ounce, while 2016E price has been revised from $1,550 to $1,425 per ounce.

BMO

PALLADIUM

BMO Research has increased palladium price forecasts to reflect an expected deficit market over years, with the long-term price increased from US$850/oz to $950/oz.

Palladium continues to be preferred to platinum due to greater demand leverage to auto production in the key growth regions of China and the U.S., said BMO.

However, Fung warned that Norilsk’s proposed purchase of US$2 billion worth of palladium from Russia’s palladium inventories “is a near-term downside risk.”

BMO estimates that US$2 billion is equivalent to 2.2-2.5 million ounces of palladium.

“It remains unclear if Norilsk would sell this palladium into the market as demand requires, which would effectively close the supply gap through 2016E and could take palladium prices down significantly, or exert some discipline to support palladium prices,” Fung advised.

One person hospitalised in critical condition after settler attack in Qusra

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At around 11am this morning, fifteen settlers from the nearby Jewish-only settlements of Esh Kodesh and Shilo attacked several houses on the outskirts of Qusra, southeast of Nablus.

One person hospitalised in critical condition after settler attack in Qusra

Confrontations between Palestinian residents and, settlers and Israeli forces ensued. Israeli army and border police fired large quantities of tears gas canisters and rubber coated steel bullets at Palestinians. Around twenty-eight people suffered from tear gas suffocation and rubber coated steel bullets related injuries. Osama Rami Hassan, a sixteen year-old boy, was shot with a rubber coated steel bullet near the left eye. He is currently stable, recovering from the injury at Rafidia Hospital in Nablus. Helmi Abdul Azeez Hassan (26) was shot by a settler with live ammunition in the upper left abdomen. He is also hospitalised at Rafidia hospital, waiting to be transfered to an Israeli hospital where he can undergo surgery. Another resident was also shot with live ammuntion in the leg but is already recovering from the injury at home.

One person hospitalised in critical condition after settler attack in Qusra

The village of Qusra has witnessed continuous settler attacks and army violence for the past few years. In recent days, clashes between Palestinian residents and Israeli forces and settlers have intensified as last Thursday Israel forces demolished an electricity pole and the following day settlers burnt six cars from the village.

Hillary Clinton and Her Faux Supporters

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“Astroturfing” is when a politician pays people to pretend like they support them on an issue and to make it seem as though it is a grass roots movement. Hillary Clinton has been publicizing her quiet campaign to go out and have discussions with ordinary Americans as if she’s going to somehow get her finger on the pulse” of the nation and thereby base her campaign upon what she learns.

As staged and badly as that sounds, the reality is actually much worse:

According to AP’s Julie Pace, what Hillary Clinton wants you to think is an honest conversation with average Americans, is actually a highly staged production with ‘pre-picked’ supporters in attendance.

These conversations are “with pre-screened, pre-selected supporters mainly” Julie Pace said, about Hillary’s campaign stops where she meets with locals.

Hillary Clinton and Her Faux Supporters

So the people she’s meeting not only already agree with her but they’re also Democratic operatives. Take this inspiring story from The Hill about Gary and Lenore Patton:

Lenore and Gary Patton could not talk to the candidate they had come to see. They could not even get out of their chairs.

“ ‘Hey,’ Gary said to no one in particular. ‘She’s smart. She’s experienced. End of story. … This woman has what it takes.’

‘She has ideas for the direction of the country she wants to go in,’ said Lenore. ‘She cares about the middle class. We’re about as middle class as you can get.’

‘She’s so experienced, she’s so bright, and she’s so adroit,’ her husband added. ‘And I came in here not necessarily feeling all of these things, but I go away thinking that we would be lucky to have her as the president, because she has so many attributes that you need. It’s an incredibly impressive performance.’ ”

The trouble is… they were placed there intentionally:

The roundtable in Hampton was Clinton’s largest yet. About 60 people came — including the Pattons, local activists who said they “fervently supported” Barack Obama in 2008 and now “fervently support” Clinton.

Hillary Clinton and Her Faux Supporters

7-1/2 years ago, the Pattons were considered a “power couple” in New Hampshire Democratic Party politics, as reported in the New York Observer on December 6, 2007.

Meanwhile, when a real Hillary Clinton supporter came up to her asking for an autograph she told her to “go to the end of the line.”

It’s shameful we have a candidate running for the presidential nomination that is so phony and it’s even worse she’s not getting called on it. She has a mixture of entitlement and arrogance. And it’s disgusting.

Republicans Should Be Careful Responding to Obama’s Executive Action Amnesty Push

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obama It is common knowledge that President Obama is going to issue an Executive Order regarding immigration and make a move to allow millions of illegal aliens to stay in the country and, possibly, to obtain amnesty. The Republican party needs to tread carefully as a wounded animal is still dangerous.

President Obama still has power… negative power. He may not have the power to make things happen but he can make things not happen. And he can draw Republicans into a trap making them act rashly in ways that will benefit Democrats in 2016.

Republicans need to drop the idea that what Obama is doing is somehow “lawless.” Issuing Executive Orders is not lawless. Obama is constrained by the same laws George W. Bush was. And Executive Actions can be overturned by the next occupant of the White House just as easily as they can be issued by this president.

Don’t take your eye off the ball.obama

Republicans can also refuse to fund whatever programs Obama’s Executive Actions create. Without funding, nothing can happen. This is not to say “shutdown the Government” just make it clear that whatever amnesty moves Obama takes will not happen.

Americans see Obama’s move for what it is… a brazen political power play.

Democrats will take a hammering if Obama is seen as the one creating the havoc.

obama The announcement is also going to happen around the same time that the Ferguson, Missouri verdict will be read that, most likely, will create so much violence that people will be distracted.

Obama is conducting guerrilla warfare on Americans and one of the first rules is to use your opponent’s strengths against them.

The main strength of the Republicans now is their power and the desire to flex it. Obama hopes to unify Republican anger and focus it on himself so as to make them lash out an embarrass themselves.

I can only hope the GOP doesn’t take the bait.

Book Burning Brings Community Together

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Crisis communications doesn’t need to be a head-to-head messaging competition. Through smart tactics melding together with grass rootsBook Burning Brings Community Together 1 efforts, events, social media and traditional PR, it’s possible to direct the conversation in clever ways. The benefits of implementing this kind of strategic approach were reflected in how the Troy Library addressed a recent crisis.

I know a lot of people who place an emphasis on their summer reading. And whether it’s through an e-reader or in-person, the library is a great place to check out a variety of books. However, late last summer, Troy, Michigan was considering closing the Troy Public Library because of a financial deficit.

To secure the necessary funding, Troy scheduled a vote to ask local citizens Book Burning Brings Community Together 1to approve a small tax increase of 0.7 percent. This angered well-organized and well-funded anti-tax Tea Party members. With their “vote no” signs and flyers, they quickly changed the focus from the need for library support, to the issue of increasing taxes. However, a clever reverse psychology communications campaign helped turn things around.

Yard signs began appearing throughout Troy that read: “Vote to Close Troy Library on August 2nd – Book Burning Party on August 5th” (along with a Facebook page address). The idea of a book burning party angered the citizens so much that they decided to push back by posting comments on the Facebook page about the merits of libraries and books. Following extensive news coverage of this heated debate, the true intent of the campaign was unveiled: “A vote against the library is like a vote to burn books.” This revelation resulted in the citizens of Troy voting yes on August 2 to support the tax increase.

The outcome-centric approach that was employed here, involving multiple Book Burning Brings Community Together 1communications methods, is a concept at the heart of what we do at Star. This clever communications campaign worked because it resonated with people and engaged them in a meaningful discussion. The dissemination of this emotionally charged message across a variety of channels (i.e., video, print, online, etc.) compelled citizens to vote “yes” and save the library. Furthermore, it illustrated the benefits of approaching a crisis with a strategic mindset.

ZAMBIA

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ZAMBIAZambia is located in the heart of Southern Africa, being an area of highlands (1000 – 1400 meters), slightly wavy and covered by tall grasses of the savannah.

The vegetation is represented by the savanna with palms and baobabs and the rainforest with valuable essences, mahogany and many others. It covers a large part of the territory. In the SW side, there are vast forests of teak.

As for the people here, in the rural area, the locals have the habit of consuming dry mice as an aperitif, and manners say that you have to start with the head, continue with the body and never eat the tail because it is used for cleaning the teeth. If we find this idea completely repulsive, for them the mouse is an important source of proteins, which is very cheap.

ZAMBIA

Zambia is a vivid world, with no paved roads, huge windows or aluminum, with people who are extremely simple, with wild animals walking on the side of the road and extremely poor but clean and sincere people.

The contemporary culture of Zambia is a mix between values, norms, material and spiritual traditions belonging to more than 70 ethnically diverse people. Many of the rural inhabitants have preserved their indigenous and traditional customs and values. When a stranger approaches them, before any conversation is made, a greeting is always exchanged. The man is the one who should withhold his hand until the woman offers hers. The locals always offer gifts to the visitors, as a sign of honor, friendship or gratitude, and the visitor should never refuse the gift and accept it with both hands at the same time, while expressing his gratitude.

ZAMBIA

The wedding and the funeral are both important events in the villages. For example, during a wedding the bride has to be bought from her parents in exchange of “Lobola” which is the bride price and after that the bride is taken to the man’s village. The funerals are also important because everyone clubs together to pay for the expenses and the whole grief becomes an emotional affair.

What’s in your Domain Name?

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A super premium .Com domain name from DomainMarket.com means instant branding, search engine, and marketing benefits. We make it safe, easy and affordable for you to own CapitolCommentary.com right away. DomainMarket.com is the only authorized pricing agent for this domain name, anyone else is a third party seller. Every domain price on this site is completed by top world experts from AccurateAppraisals.com.

DomainMarket.com

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DomainMarket.com

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DomainMarket.com

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Breast Cancer Awareness Month

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Breast Cancer Awareness MonthBreast cancer is the most common malignancy in women and the second leading cause of cancer death. Breast cancer is three times more common than all gynecologic malignancies put together. The incidence of breast cancer has been increasing steadily every year and it needs to end. A cure needs to be found, and now.

Facts

  • Every two minutes a woman is diagnosed with breast cancer.
  • One woman in eight who lives to age 85 will develop breast cancer during her lifetime.
  • Breast cancer is the leading cause of death in women between the ages of 40 and 55.
  • Seventy percent of all breast cancers are found through breast self-exams. Not all lumps are detectable by touch. We recommend regular mammograms and monthly breast self-exams.
  • Eight out of ten breast lumps are not cancerous. If you find a lump, don’t panic-call your doctor for an appointment.
  • Mammography is a low-dose X-ray examination that can detect breast cancer up to two years before it is large enough to be felt.
  • When breast cancer is found early, the five-year survival rate is 96%. This is good news! Over 2 million breast cancer survivors are alive in America today.

Breast Cancer Awareness Month

“When breast cancer is found early, the five-year survival rate is 96%.”
—National Breast Cancer Foundation

During the month of October many sites, stores, and charity organizations collect and or donate a percentage of their sales to Breast Cancer Funding. The Susan G. Komen foundation is the largest nonprofit to deliver funds Breast Cancer Awareness Monthdedicated to the fight against breast cancer in the world. And since it began in October 2000, The Breast Cancer Site has funded more than 16,000 free mammograms for low income, uninsured, and working poor women throughout the United States and Puerto Rico. Both of these organizations are fabulous for women, men, and children in need and provide caring support for those who have ever been affected by breast cancer.

Support for this cause can come in all forms as well; purchases, donations, and even just a simple click of the mouse can fund research to help prevent and find a cure. Working together, we can make an impact and hopefully put an end to this fight for good!

Alaskan King Crab Fishing

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Between October and January, fishing boats set out from Alaskan ports to catch various kinds of king crab. Although the industry is no longer what it once was, it is still a king crab fishing in Alaska is a profession that can earn a lucky and skilled captain and crew huge paychecks. It also stands as one of the most dangerous occupations in the country.

Crab Fishing

Crab Fishing

Commercial crab fishing involves sending a boat out into Alaskan or Aleutian coastal waters, or into the Bering Sea. There fisherman drop “pots,” or large crab traps made out of steel tubing and lined with nylon or wire netting. It is normal for a pot to weigh as much as 700 pounds. The interior of these pots are baited with chopped up herring or other small fish, and left on the sea bottom. Tied to each pot is a line topped with a marker float, so that the pot can be retrieved later. Each pot has an opening shaped and sized to the crab type to be caught. These openings admit crabs, but deny them escape. Smaller crabs can both get in and out. Alaskan crab pots usually have a bio-degradable section in their netting. If a pot is lost at sea, it will not go on catching and killing crabs to the detriment of the fishery.

Crab Grounds

Red king crab is caught in Bristol Bay, Norton Sound and along the northern coastal waters of the Aleutian Islands. Blue king crabs are found in a band of open sea stretching from the Pribilof Islands in the south to the Bering Strait in the north. Golden king crabs are found in an “E” shaped space of sea. While this “E” covers a vast area, the parts of sea where crabs can be found are relatively narrow. The stem of the E is made up of the entire Aleutian Island chain, including Dutch Harbor, setting for the Discovery Channel’s “Deadliest Catch” series.

Pay

Everyone on a crab boat is paid a share of the boat’s net earnings. Therefore, a commercial crab fisherman’s earnings are directly related to the size of the catch and the prevailing market price at the time the crabs are brought in. The captain and the owner of the boat will take a share of the net profit of at least 50 percent, and often more. The crew divides the remainder, usually apportioned on the basis of experience. A new fisherman’s share may be anywhere from between 1.5 to 5 percent of the net profit. In practice, this could range from zero for a failed outing to tens of thousands of dollars for a very successful one.

History

Crab fishing in Alaskan waters peaked in 1980, with a catch of 100,000 tons. A typical crewman was bringing earning $80,000 (worth over $175,000 in 2009 dollars). Then the fishery suddenly collapsed in 1983. While it has recovered, that recovery has been only partial. The 2006-2007 season saw a catch of 9,150 tons.

Alaskan King Crab Fishing

Dangerous Work

According to CNN, fishing is ranked as the second most dangerous profession in America, and Alaskan crab fishing is in turn thought to be one of the most dangerous forms of fishing. All crab fishing takes place in Fall or Winter, when the Bering Sea is at its roughest and iciest. Crab fishermen pull long, grueling shifts, surrounded by heavy and dangerous equipment. The conditions combine to create a very dangerous profession indeed. More than 80 percent of Alaskan crab fishermen who are killed die by drowning.