Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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A few posts have been about gas, and as it's the W/E, perhaps I may be forgiven for posting a non-gold topic. I heard recently, which I was totally unaware of, that Israel has a deep sea gas field Tamar with proven reserves of 200 billion m3 of gas. That is remarkable enough. But I heard that forward planning includes pipelines to Greece and Italy to tap into European consumers and replace Russian gas supply in Europe. There is bound to be some very serious competition in that case as both gas supplier nations vie for economic dominance.
Gas/Oil/Energy true values certainly as finite natural resources have been taken for granted and squandered for political power and personal gain the world over by politicians indeed very much related to Centamin and the price of price of precious metals.
North Sea Oil.
Thatcher'sconviction' would have been nothing but folly without the North Sea's black gold. It was oil revenues that bankrolled the unemployment, the destruction of manufacturing, the high-exchange rate, the termination of British coal mining, and the big-bang that turned London into a capital of global neo-liberalism and pumped growth into the South-East in the early 1980s.
As North Sea Oil came on stream bringing in an estimated £70 billion in revenues, it turned the UK into an OPEC country, an oil-exporter, and it overturned a chronic balance of payments problem rooted in the post-war period of clinging to imperial over-stretch.
https://www.opendemocracy.net/en/opendemocracyuk/thatcher-and-words-no-one-mentions-north-sea-oil/
To: Boris Johnson
We, the undersigned, are concerned at this time of tension with Russia about the influence of Vladimir Putin’s regime in UK politics
We note that that the Conservative Party received significant amounts of money from Russian donors and their associates, including from people with apparent links to Putin’s government..
We note that oligarchs and officials from former Soviet republics with high levels of corruption have purchased more than £2bn worth of property in the UK.
We note that more than 200 Russian millionaires have bought their way into the UK in the last seven years, despite the government’s pledge in 2015 to stop corrupt oligarchs exploiting the system.
We note that parliament’s Intelligence and Security Committee’s “Russia Report” found that “Russian influence in the UK is ‘the new normal’”.
We note that the same report recommended that there should be an investigation into Russian interference in the 2016 Brexit referendum, something which has not happened yet.
The above points raise serious questions about the extent to which Putin’s administration - or people linked to it - might be able to interfere in British public life.
At a time when Putin’s administration threatens global peace, we cannot simply hope for the best. We call on you to immediately order an inquiry into whether or not money linked to Vladimir Putin’s regime is influencing UK politics.
https://do.opendemocracy.net/putinmoney
The Flareintel goal is to reduce and ultimately eliminate routine gas flaring. In 2021 flaring was responsible for 1.2 billion tonnes of CO2e, the equivalent CO2 emissions from over 260 million cars, equivalent to all cars in the EU.
Greenhouse gas emissions need to be halved by 2030 – this means mitigating 35 billion tonnes of CO2e by the end of the decade?. Ending routine flaring is technologically achievable in that period, but first there must be a credible, transparent and granular?global assessment of flaring – yes, flare by flare.
FlareIntel, launched in April 2021, is a digital tool that allows anyone to explore gas flares around the world. It tracks every gas flare globally via satellite by incorporating data provided by the Earth Observation Group at the Colorado School of Mines and other sources.
For the first time, FlareIntel makes it possible to see the scale, impact, and operator of all flares anywhere in the world.
FlareIntel was developed by Capterio, which provides gas flaring solutions for energy companies to capture flared gas, create value, reduce pollution, and improve reputation.
FlareIntel Free tracks every gas flare globally via satellite and incorporates Visible Infrared Imaging Radiometer Suite (VIIRS) Nightfire (VNF) nightly data produced by the Earth Observation Group – part of the Payne Institute for Public Policy at the Colorado School of Mines – and other data.
https://flareintel.com/flareintel-free