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New mining innovation centre launched in Queensland

A new mining equipment, technology and services (METS) growth centre has been launched today in Queensland.

The $20 million centre, known as METS Ignite was opened at the Queensland University of Technology by the minister for industry, innovation and science, Christopher Pyne.

It has been established as part of the Government’s wider $225 million Industry Growth Centres initiative, and is designed to boost the nation’s competiveness.

“The resource sector’s continual drive to increase efficiency and productivity means there is a demand for improved equipment, technology and services,” Pyne said.

 “The future prosperity of the mining equipment, technology and services sector will depend on its ability to remain globally competitive and seize these global opportunities.

 “This new Growth Centre will ensure this very important sector of Australian industry receives the support it needs to prosper in an increasingly competitive and globalised market.”

QLD development minister Dr. Anthony Lynham welcomed the news.

 

 




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The third quarter gold survey by GFMS Thomson Reuters calculate global primary gold production rose 2% in the first half of the year to 1,507 tonnes.

Most of the growth too place in Asia and where production across the region grew by double digits.

That was thanks to increased production in top gold mining country China, which added nearly 10 tonnes for first half production of just under 219 tonnes. China's many state-owned gold mines overtook South Africa in 2007 as the world's top gold producer, a position it has held since.

The number of registered artisanal miners, or barrequeros, in Colombia now top 100,000 and production should keep rising

Indonesia grew output a full 28% or 14.5 tonnes to more than 66 tonnes in the first half. Smaller producing countries in Central Asia made even greater strides with Kazakhstan, Kyrgyzstan and Mongolian production showing strong gains.

 




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CANADIAN STOCK EXCHANGES - 2014

E. A. SCHILLER

DIAMONDS LOOK GOOD - BUT NOTHING LOOKS BETTER

Diamonds are still my favourite subject and as we fold up our tent for 2014 I am going to report on the most active diamond exploration area in Canada, as I have in previous epistles, situated 300 kms northeast of Yellowknife, Northwest Territories. The stock market continues to have its uncertainties as we move from the Ukraine situation to Hong Kong and Ebola and search for market direction - up, sideways or down. But back to diamonds as gold and silver prices falter and display disinteresting symptoms. Two recent reports on the state of the diamond industry by De Beers and McKinsey Global Institute paint a rather optimistic picture on diamonds indicating a short fall in production over future predicted demand. Diamond mines are tough to find and where found seem to be located in inclement parts of the world, like Arctic Canada and Russia where conditions are harsh and expensive to work in. The Gaucho Kue project of Mountain Province Diamond Inc. (MPV-TSX-V) and De Beers Canada received approval of the Type A water license by the Minister of Environment and Natural Resources of the NWT government.stock trades in the $5.40 range..




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