The Battle for Africa's Mines
An Australian-based firm's $3.9 billion bid for a coal mine in Mozambique says much about its ambitions and the battle that giant mining firms will face in securing Africa's resources.
Coal prices are surging. China’s hunger for energy turned it into a net importer in 2009 of the thermal coal that fuels power stations, a trend that is set to continue. And steelmakers, fearful of the rising prices of raw materials, are hunting for captive sources of metallurgical (coking) coal as well as iron ore. Booming commodity prices are a burden as well as an immense boon for big miners. Rio, BHP Billiton, Vale and others are planning on vast increases in capital spending in the coming years, and have the bumper profits to finance it, yet there is only so much fruitful investment to be made in their current mines.
- Kelly McGonigal teaches "Reset your mindset to reduce stress" for Big Think Edge.
Three scientists publish paper proving that not Venus but Mercury is the closest planet to Earth
- Earth is the third planet from the Sun, so our closest neighbour must be planet two of four, right?
- Wrong! Neither Venus nor Mars is the right answer.
- Horseshoe crabs' blue blood is so valuable that a quart of it can be sold for $15,000.
- This is because it contains a molecule that is crucial to the medical research community.
The distance between the American dream and reality is expressed best through literature.
- Literature expands our ability to feel empathy and inspires compassion.
- These ten novels tackle some facet of the American experience.
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