'Planet Oz'

Benefitz Betty's picture

As the Wizard of Oz has now found his Ruby slippers it would seem fetching to take a look at the World of Oz, slightly smelly or coming up  roses?  

Some of the following clips have been mentioned here via Generation Alpha & Beyond Green.  Now, where else would a Planet Oz meeting some thermals end up  .... Beyond the Straights, the Straights !! Straight jackets on ? 

https://www.theguardian.com/environment/planet-oz/2016/nov/05/whats-in-s...

 "The Australian government takes a delegation to the United Nations climate change talks in Morocco starting Monday – two weeks that are sure to be dominated by, well, who knows? Because, during the first week, the United States will go to the polls to pick a new president – an event that will act like a giant weapon of mass distraction in Marrakech. The Republican candidate, Donald Trump has pledged to pull the US out of the UN process on climate change and cancel the global deal agreed at the last talks in Paris. Like other high-profile Republicans, Trump is not even convinced that humans cause climate change in the first place. Let’s just say he’s wrong... "  Interesting stuff.

I ne'er been to Marrakech, tho a two week invocation is out of the Q  lets take a tippity leaf out of the Oz book & go all out virtual... and let off some steam.

'The Heat is On'?  Get some 'Balneotherapy'.

https://www.theguardian.com/sustainable-business/2016/nov/04/the-heat-is...

"Since 2009 Arena has funded seven geothermal projects at a cost of more than $40m. Only one is still active.

In 2013 the agency established an international geothermal expert group to review Australia’s prospects for commercial geothermal energy generation. That group came to the conclusion that, despite more than $1bn worth of investment from the private sector and governments since the 1990s, the Australian geothermal energy sector faced significant technical hurdles, and the prospect of commercial viability before 2030 was slim...."

"Geothermal energy is harnessed in three main ways. The first is the simple hot spring beloved of tourists and health-seekers..."

"The second option is a geothermal heat pump, like the one used to control the temperature at the Geosciences Australia building in Canberra. This doesn’t so much use geothermal energy as take advantage of the Earth’s thermal mass to absorb heat during summer and release it during winter..

The third option – and the one causing headaches for Australia’s nascent geothermal energy industry – is geothermal electricity generation. The problem is not a lack of heat but rather how to economically tap into it..."  Fascinating.

https://www.youtube.com/watch?v=_uVGVvv6KSo

Nope, I still canna get me head around the Irony .... 

I guess a smile can last ten thousand years.

Awwwe : https://www.youtube.com/watch?v=-riMdNooyRg

Wot no Lizzards?

Meanwhile back at Camp Frexit : https://www.theguardian.com/environment/2016/nov/04/oil-firms-announce-1...

Oh: http://www.sbs.com.au/comedy/article/2016/10/31/backdate-lifetime-ban-bo...

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15 Comments

Captain Black's picture

Perth A Pit

"Billionaire Gina Rinehart’s trusted iron ore executive Barry Fitzgerald won’t be getting the keys to the city of his native Perth.
 
Not after the violent swipe Fitzgerald took at the West ­Australian capital while speaking at the International Mining and Resources Conference in Melbourne yesterday.
 
"It came about as Fitzgerald — the 63-year-old chief executive of Rinehart’s beloved Roy Hill mine — spoke about the size of his mine, the largest single ­open-pit mining operation in the world.
 
“If you’re familiar with Perth, you can see the size of our mine superimposed on Perth,” he explained of the Pilbara crater, Roy Hill.
 
“For those of you that don’t like mining remember, in 25 years time when we finish mining, that footprint will be rehabilitated. All the pits will be filled in,” he continued.
 
“And thestinking stain on the Swan River valley of Perth city will remain,” he added, urged on by who knows what memory from his Perth childhood. “So just work out which one is the nasty environment.”..."
 
http://www.theaustralian.com.au/business/margin-call/gina-rineharts-exec...
 
https://www.youtube.com/watch?v=4XJ07onCqAs
 
What  a Howler ... ship 'im over :-))
 
https://www.youtube.com/watch?v=SS02GeKuWQ4
 

"Gina Rinehart’s $US7.2 billion Roy Hill project produced nearly 3.2 million tonnes of iron ore last month, indicating it has ramped up to nearly three-quarters of its 55 million tonne per year capacity.
 

The strong production comes with iron prices continuing to defy predictions of a slump, hitting a six-and-a-half month high of $US66.80 a tonne overnight.
 
Speaking at the International Mining and Resources Conference in Melbourne this morning, Roy Hill chief executive Barry Fitzgerald said the company was on track to hit a shipping target of 25 million tonnes for 2016.
 
Mr Fitzgerald said that the October production was the equivalent of an annual rate of about 40 million tonnes.
 
Earlier this month, Roy Hill minority partner, Japan’s Marubeni said the project would reach full operational capacity in the March quarter of 2017.
 
The mine is controlled by Mrs Rinehart’s Hancock Prospecting, with other partners including South Korea’s Posco and Taiwan’s China Steel Corp."
 
Ah, so ... the reinvented British version ;-0
 
https://www.youtube.com/watch?v=8e1xvyTdBZI&list=PLUEPP0CJMVUV-frHOJOlou...
 
Oh. OK: http://imarcmelbourne.com/whitepapers/

Captain Black's picture

SXX: Crocodile Tears

Oh stop whining ... Dumdee Dumdee 
 
"Thank you for your email to the Company. I’m sorry that you are unhappy with the Stage 1 Financing news announced last week.

It is important to point out that the Company does not typically offer commentary on its share price and cannot offer investment advice – you must make your own decisions based on the information available to you. However, I hope this email might set out some of the background to the recent transaction and why the Board of Directors and management team are pleased to have made this progress.

Strategy

The Company has always been very clear about the financing strategy in its RNS announcements, commentary and Company Reports. The Board and management have always recognised that the greatest value for shareholders is likely to be achieved by reaching meaningful production and therefore the strategy has long been to utilise debt wherever possible in order to deliver the Project. They have also acknowledged that ours is a long term Project, with a relatively long construction period.

The financing is structured with the cost of capital likely to match the risk profiles (i.e. higher cost capital such as equity and structured debt to fund the earlier, perceived to be the more risky elements of construction, and lower cost capital – such as project finance debt – for the latter stages of the construction period). The strategy was laid out in the DFS announcement of 17 March 2016 and subsequently updated in the capital funding reduction announcement on 24 June 2016 and the financing update on 1 September 2016. It has therefore always been clear that debt and equity were likely to form part of the financing make-up and in roughly equal terms. Dilution has therefore always been an accepted part of this phase of the Company’s development.

Discount and dilution

Clearly the Board and management would wish that the discount is at the lowest level possible – not least because they are shareholders themselves – but it was also essential that they were focused on the financing being successfully completed.

When the deal was launched on 2 November 2016 it was underwritten by JP Morgan Cazenove. This gave the Company and its shareholders certainty going into the transaction. The bookrunners appointed in connection with the financing canvassed orders at a range of prices, ideally with a price at the higher end of the range being achieved, but also with the Company having certainty that the financing was secured. As it transpired, although the book was substantially oversubscribed, the order demand was very clearly at the bottom of the pricing range and there was no scenario where a higher pricing would have delivered the required amount of equity funding to complete the transaction. The Board and management are united in their view that the delivery of financing and commencement of construction of the Project is, without doubt, more beneficial to delivering shareholder value than the alternative of no financing at this time."

"It is perhaps also worth making the following factual observations about the effect of the dilution:
· On the day before the transaction launch the share price was 37p with 2,313,619,115 shares in issue. This resulted in a Company with a market capitalisation of circa £856 million, with a reported cash balance of circa £10 million.
 The Company share price has been fluctuating around 25p and, subject to shareholder approval at the forthcoming General meeting, the enlarged number of shares in issue will be 4,164,514,405. Should this share price remain on the day after admission of the new shares the market capitalisation of the business would be circa £1 billion for a Company with access to approximately £1 billion of cash (~$1.2 billion raised in the transaction). If the possible effect of all of the convertible bonds being turned into equity is considered, then the market cap would be circa £1.35 billion on the same calculation."
"Ultimately the Company’s share price has fluctuated significantly over the past 6 months and the market determines the price of the stock and therefore its value. The Company is focused on delivering its strategy to reduce risks by working towards first production and leaves the price determination to the market. The Board and management believe that delivering Stage 1 financing is a major part of the Company’s overall strategy to continually de-risk the Project.

Private investors

The Company values the support it received from all of its investors and recognises that it has a large and loyal private investor base (including many of its own staff). It is for this reason that the Company has fulfilled its commitment to allow existing shareholders to participate in the financing through the provision of the Open Offer.

The level that the Open Offer is set at is a balance between ensuring the full amount of the financing is achieved and allowing people to participate. On the acknowledgement that it is likely that not everyone will participate, existing shareholders also have the ability to over subscribe for more of an allocation.

Looking forward

As part of the current strategy it is the intention of the Company that this will have been the last equity raise as part of the Stage 1 and Stage 2 capital funding requirement for the Project. Stage 2 financing – which is intended to take the Company through to cashflow – is anticipated to be delivered through project debt.

I hope this email provides you with some useful background and explanation of the course taken. Thank you for your support for the Company as a shareholder.

Kind regards,

Sirius Minerals"
NM btw
 
Oh ffs stop crying over spilt milk..
 
Personally is exstatic .... wot wiv plastic ;-)
 
https://www.youtube.com/watch?v=APJwMLvZYZU
 
Ah, so ... Gnashville :-))
 
https://www.youtube.com/watch?v=niHzIzvouG4
 
https://www.youtube.com/watch?v=CQRl9TocHog
 
Progress ....
 
https://www.youtube.com/watch?v=4iF47M3YDlg

Benefitz Betty's picture

TPP : Duck Extremes

More translationals from the equatorial opposites....

L'icked: 

http://www.abc.net.au/news/2016-11-28/scrapping-tpp-won't-make-a-lick-of...

"....So, what exactly was wrong with the TPP? It is difficult to know where to start.

The problem with free trade deals is they rarely are about trade. In fact, trade usually is a side issue. And the TPP was a classic case in point...."

'the dodgiest deal you never heard of ...'

http://www.abc.net.au/news/2015-12-18/trans-pacific-parternship-your-que...

"...The hearings are held in secret at a secret location — an idea that does not quite gel with the concept of "free" or democracy.  

The combined effect of all these measures was to elevate the legal status of multi-national corporations, any of which openly flout their tax obligations, above the rights of citizens in the countries in which they operate.."

"Mr Trump may have done Australia a favour in scrapping the TPP. But if he acts on his pledge to reimpose old style trade barriers, Professor Warwick McKibbin and Dr Andy Stoeckel reckon Australia will end up a major casualty.

Imposing a 40 per cent tariff would cause America's GDP to decline 1.2 per cent. If everyone else retaliated, they estimate the US economy would shrink more than 5 per cent and enter a deep recession, sparking a 5.6 per cent fall in Australian economic growth.

That will not make anyone great again."

fascinating...

 

Ah, so .... Commonwealth & Magic Puddings?

http://www.abc.net.au/news/2016-12-03/scott-morrison-avoiding-negative-g...

Yup thats a dodgy sounding TPP I never heard of ...

https://www.youtube.com/watch?v=sFZjqVnWBhc

Hmmmm...

http://www.abc.net.au/news/2016-05-10/explainer-negative-gearing/7402442

Nope canna find it: http://thecommonwealth.org/our-work

How annoying...

https://www.youtube.com/watch?v=uejC3tt5euQ

Jargon?

"The treasurers' meeting also discussed the $115 million partnership agreement between the Commonwealth and states and territories which funds critical homelessness services.

The current agreement expires mid-2017 and Ms Smith said they were anxiously waiting for an announcement about the next agreement."

https://taxreview.treasury.gov.au/content/html/commissioned_work/downloa...

I'll be back.

https://www.youtube.com/watch?v=m4cgLL8JaVI

Ah, so  ...

http://thecommonwealth.org/sites/default/files/page/documents/ComSec%20S...

Yawn.

Brexit the 'distraction' ...

https://www.youtube.com/watch?v=moen_HVsQ_A

https://www.youtube.com/watch?v=s48TnFbBCfA

 

 

Captain Black's picture

Earth's a Kit

G'day Matey Potaties,

http://www.abc.net.au/news/2016-12-11/3d-modelling-used-to-scour-james-m...

"The wreck of a former slave ship lying just off the coast of Perth is being scoured by maritime archaeologists using new technology to revisit earlier excavations and help learn more about Australia's underwater past...

http://www.abc.net.au/news/2016-12-11/education-funding-must-be-raised-a...

"This isn't the equivalent of saying let's go to Mars or let's go to Pluto. This isn't something that no human being has done before..."

http://www.abc.net.au/news/2016-12-11/recent-migrants-introduced-to-the-...

fascinating ...

"People describe powers of attorney as a licence to steal"

https://www.youtube.com/watch?v=7oOzszFIBcE

Hypothetically ... Hypotenuse.

Captain Black's picture

Down Under

Benefitz Betty's picture

SXX: Bob on the Ball?

http://www.parliamentlive.tv/Event/Index/a03891a8-51dd-4bdd-be29-552d3df...

"Here's the video of Robert Goodwill in the EU-Home affairs subcommittee saying:

"Indeed, in 2 weeks time were cutting turf on a new mining operation to employ 1000 people"

You can watch for yourself on the following link. Fast forward to 11:24 if your not interested in the full subcommittee!"   via iii

Cheers.

https://www.youtube.com/watch?v=3PHdoqU7g74

Captain Qahn's picture

Frazzle Rock

Captain Qahn's picture

The 'Coal Fetish'

it couldn't happen 'ere ;-)

http://www.news.com.au/finance/business/mining/turnbull-walks-back-from-...

"“This is not an issue about renewables good-or-bad, or coal good-or-bad for that matter. It’s about competence,” Prime Minister Malcolm Turnbull said today on the energy policy debate.

“Renewables have a very big place in Australia’s energy mix and it will get bigger. The cost of renewables is coming down.”

But last week Mr Turnbull ramped up that debate on the role of renewable energy sources for the political heat it put on Labor.

The coal fetish — an irrational commitment to the mineral — has been at the centre of this, as shown by Treasurer Scott Morrison taking a lump into Parliament last week and ministers taking turns to fondle it....

"Further, coal provides a handy platform from which to attack as unsustainable the Labor policy of a national 50 per cent renewable energy target to be reached by 2030.

It is likely the Opposition will re-examine its commitments to renewables because of the practical obstacles of reliability and storage, and because of the political speed bumps...

"The Prime Minister has long said he was “technology agnostic” but clearly he has had a kilowatt each way.

He has ordered further research into the storage of renewable energy and a major investigation of pump hydro, which uses renewable power to raise water to a suitable height and then drops it onto hydro generators when the electricity is needed.

However, he risks having to constantly defend his comments condemning renewables after the South Australian blackout last year.

Today Mr Turnbull said: “Of course, windmills did not cause the blackout.

“The blackout, as I’ve said many times, was caused by a storm breaching transition lines. That’s perfectly obvious. And that’s the only point that was made.

“However, the introduction of a massive amount of wind energy, variable renewable energy, made the South Australian grid very vulnerable — very, very vulnerable indeed — to breaches of the transmission lines and the overloading on the (electricity) inter-connecter in Victoria.”

fascinating ...

Captain Qahn's picture

High Rise Wize?

fascinating ...

http://www.news.com.au/finance/economy/australian-economy/country-towns-...

"...two in three people will live in our main cities in the future, as Australia’s population soars to almost 30 million....

"...The government said it would help solve housing affordability problems but experts disagree...

"...Urban sprawl happens because people want to live the Australian dream, in a house with a block of land all to itself... the preference for the Aussie house means neighbourhoods end up opposing council plans for higher density developments...

"...“The irony that I find incredible is that the benefits one might imagine from sprawl, lots of trees and places to go, things like parks — we actually get less and less of those imagined benefits.

“Houses are being built on the spare land and people are being sold houses with more than what people need in terms of the number of bedrooms and do you really need a games room?”  Professor March believes that building up rather than out would mean there’d be more space for parks, bike paths and gardens..."

"There are no schools close by, cafe culture or shopping precincts. Professor March said if everybody had the option to live close to the city, with more high-density housing, more people would be close to what they need.

“We don’t have to build up very far. Don’t imagine tower blocks, just four or five stories,” he said..."

https://www.youtube.com/watch?v=LKPghZ5cc_E

Yep, considering the derth of Village life ... and the rise or fall of the Parish. I was just kinda wandering ... all that space. Four UK supercity's?

Oh well.

https://www.theguardian.com/film/2017/mar/03/patrick-stewart-apply-us-ci...

March. ... nice name for a city ... or mebbe a dog.

https://www.youtube.com/watch?v=4jcleVvgchs

Ok ... top tune ;-)

https://www.youtube.com/watch?v=PMivT7MJ41M

Patrick Stewart - Great Yorkshire Mayor? 

Mirfield.

Captain Qahn's picture

OZ: Handy Platforms

https://www.theguardian.com/environment/2017/may/23/csg-last-stand-narra...

"Consultation on the environmental impact statement closed at midnight on 22 May. Six hours before the deadline, the NSW planning department had thousands of submissions - too many to collate and count immediately. The NSW government will be the final approving authority, with approval required from the commonwealth under the Environmental Protection and Biodiversity Conservation (EPBC) Act."

http://www.bbc.co.uk/news/world-australia-39996262

"Aboriginal Australians represent about 2.5% of Australia's 24 million people.

Mr Turnbull said this week also marked 20 years since a landmark report about Australia's Stolen Generations, a government policy of assimilation that was in place until the late 1960s."

http://www.news.com.au/technology/environment/sinister-and-extremely-lou...

"NERVOUS Sydneysiders thought the worst when they were rocked awake in the early hours by a mystery — and extremely loud — bang.

Steph, from Sydney’s lower North Shore told news.com.au “I genuinely thought the Harbour Bridge had blown up it was so loud... "

Awwe

https://northyorkshire.police.uk/news/100-sheep-stolen-moorland-near-ing...

 

 

Captain Qahn's picture

Figaro

https://www.fugro.com/

"A new geotechnical package comprises seven deep boreholes in shaft and tunnel locations at the new UK mine, located 3.5 kilometres south of Whitby in North Yorkshire. Fugro is undertaking strength tests of the rock formation, drilling to depths in excess of 420 metres.

The project is developing the world’s largest known high grade polyhalite deposit, a highly effective organic agricultural fertiliser. Construction includes a new mine to extract the ore, a 37-kilometre tunnel hosting an underground mineral transportation system (MTS), a granulation facility in Teesside, and an export quay on the River Tees.

Under the second contract, Fugro is carrying out an 11-month programme of seismic investigations and wireline logging which will be fully integrated with the geotechnical work to maximise both data yield and quality. The combined programme will allow a detailed assessment of geological conditions to 500 metres depth ahead of tunnel boring machine operations along the MTS alignment.

Fugro is meeting complex project demands, requiring coordination, interpretation and quality control of ground data from several site characterisation methods, all within a tight schedule. Comprehensive expertise in geophysical and drilling investigation is being combined with laboratory testing and geoconsultancy to create a detailed geological model. This will help reduce uncertainty in the subsurface in order to manage risks associated with planning, design and construction.

Rod Eddies, Fugro’s geophysical lead on the project, said, “Supporting Sirius Minerals’ project, which includes the UK’s longest tunnel scheme, presents an exciting challenge. The information we are obtaining will provide Sirius with a more complete ground model along the tunnel alignment and will help in the design and planning of the tunnel boring machine operations.”

Fugro has previously completed a series of geotechnical investigations across the project under three contract awards between 2013 and 2016. These have included preliminary geotechnical and hydrological investigations at the mine site, seven deep boreholes along the transport corridor and at the export dock, and a challenging deep inclined hole for fault characterisation.

The two latest contracts are already underway, with drilling and sampling expected to continue to the end of the year and geophysical activities to May 2018."

https://www.fugro.com/media-centre/news/fulldetails/2017/08/02/fugro-s-i...

https://www.youtube.com/watch?v=gdkHoDV7dd8&list=RDgdkHoDV7dd8#t=2

https://www.ercosplan.com/website/pdf_abstract/65-25_Abstract.pdf

"THE POTASH INDUSTRY IN THE 21ST CENTURY...

"GEOLOGY AND SHAFT LINER
The geological conditions at the mine site present some challenges, for which solutions have been worked out. In fact, the geological unit in the first 120m, the Ravenscar Group, is composed of poor
quality, water-bearing rock. This is one of the reasons why diaphragm walls were chosen to support this section of the shafts and to control the groundwater.

Another very challenging section is located between 800m and 1,050m below ground level, in the Sherwood Sandstone formation. This aquifer contains saline water under high water

Figure 2: Overview of the service headgear chamber
Jochen A. Greinacher, Dr Jürgen Franz Shaft Sinking for the Sirius Polyhalite Project in Yorkshire, England
pressure (up to 800 m of water pressure).  The methodology chosen to control the groundwater ingress into the shaft is to create 42m long grout curtains from the shaft bottom.

The third major geological challenge expected is an extremely weak formation:
the Carnallitic Marl at about 1,206m to 1,230m below ground level. The very high lithostatic pressures of about 35MPa in this formation and its creeping properties have already caused three
failures in the shaft liner of the nearby Boulby mine, even after using very strong liners. Therefore, a special solution has been proposed by AMC UK for lining the Carnallitic Marl at the Woodsmith mine: a liner with double tubbing and lightweight concrete in-between.

Finally, the salt formations from 1,260m to the shaft bottom have creeping properties, which may lead to deformations over time. If the shafts are lined, constraining that deformation increases the ground pressure to be supported by the liner. Thus, a liner with a flexible backfill has been proposed by AMC UK to allow for some deformation over the years."

 

Benefitz Betty's picture

The Sirius Heritage Register