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Watch a 631-foot containership run aground

Watch a 631-foot containership run aground


Watch a 631-foot containership run aground

Posted: 06 Apr 2014 04:39 PM PDT

The German-flagged Hansa Constitution ran aground in Hong Kong's East Lamma Channel Sunday.

The incident was caught by several amateur video and photographers. The ship's bow nearly made landing on the Stanley Ho Sports Centre in Pokfulam, Hong Kong. Anchors were dragging in the video to apparently slow the ship.

No injuries or ship damage were reported. Monsoon winds may have caused the accident.

The ship can carry 34,954 deadweight tons. The ship was built in 1997 and is owned by Hamburg-based Hansa Treuhand Schiffsbeteiligungs GmbH.


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Shots fired at mining exec's Vancouver home

Posted: 06 Apr 2014 12:51 PM PDT

A North Vancouver home, which is registered to the CEO of a uranium junior, was shot at early Friday morning.

No injuries were reported. There were several people home at the time. A car was heard speeding away from the area.

The incident happened at around 12:35 a.m. The residence is located on Sunnycrest Drive, North Vancouver, BC.

Johnathan More, CEO of Aldrin Resource Corp, and Taylor Rae More are listed on the property title, reports the Vancouver Sun. Aldrin Resources is focussed on uranium exploration regions in the Paterson Lake District, Saskatchewan.

The police say the area is contained for a forensic examination. No information is available on why the home might have been targeted.

Police say they are actively investigating this incident and are asking for the public's assistance in reporting any suspicious vehicle or occurrence at that time.

The North Vancouver RCMP can be reached at 604-985-1311.

PICTURE OF THE DAY: Muskeg claims excavator

Posted: 06 Apr 2014 12:24 PM PDT

Michael Allan McCrae | April 6, 2014
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Michael Allan McCrae

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Michael McCrae is executive editor of MINING.com. Before coming to InfoMine, Michael worked as a reporter and editor for newspapers throughout British Columbia. He also worked in pre-sales for various software firms and banks. (DISCLAIMER: The author may hold securities in the articles mentioned. Nothing written should be construed as a solicitation to buy or sell any securities. Seek the advice of a broker-dealer first.)

Sibayne Gold may pick up SA platinum mines from distressed miners

Posted: 06 Apr 2014 11:56 AM PDT

Sibanye Gold distressed platinum

After a crippling mining strike, large miners like Anglo American Platinum Ltd. (AMS), Impala Platinum Holdings Ltd. and Lonmin Plc (LMI) may be forced to sell some operations and Sibayne told Bloomberg it is open to buying.

"There's nothing specific on the table right now, but we're open to the idea . . ." of buying platinum mines, said Sibyane Gold (NYSE:SBGL) spokesperson James Wellsted.

Sibayne Gold was formed in late 2012 by Gold Fields. The company has thrived relative to its competitors. Over the last year the company has increased 64% to $9.14 a share.

SBGL Chart

SBGL Chart

SBGL data by YCharts

The company has taken aging mines and restructured operations to make them more cost efficient. It has also negotiated wage agreements to limit disruption.

According to its website, Sibanye Gold is the largest producer of gold in South Africa and amongst the top ten largest gold producers globally.

Sibayne operates the Kloof, Driefontein and Beatrix gold mines as well as various service companies.

Creative Commons image by John Beagle

High tech employs more BC workers than mining and forestry combined

Posted: 06 Apr 2014 10:23 AM PDT

There are 29% more people employed in BC's high tech sector than employed in mining, forestry and oil and gas combined, reports BC Stats.

According to Profile of the British Columbia High Technology Sector: 2013 Edition,  the high technology sector employs 84,100 while mining, forestry and oil and gas combined employs 65,100.

High tech is still smaller than overall goods-producing industry. When construction and other manufacturing are added, the goods-producing sector in BC employs 305,600 people compared to high tech's 84,100.

BC Stats classifies high tech jobs as businesses that are "cutting edge and is usually associated with strong economic growth and advanced technological development." Some service industry examples are engineering, computer services, motion picture and video production, surveying and mapping. More than two-thirds of the high technology jobs are located in the southwest region of the province.

The high tech sector, which contributes 7.6% of the province's GDP, is still relatively small compared to central Canada and the states south of us. In Washington State, high tech accounts for 18% of GDP.

Other study highlights:

  • "British Columbia's high technology employment ranks fourth in the country. Ontario leads the way with 324,090 employed in the high tech sector, or 41% of all Canadian high tech workers. Quebec is home to 29% of the country's high tech employees, more than Alberta (11%), B.C. (11%) and Manitoba (2%) combined.
  • "The bulk of Canada's high technology sector resides in central Canada. Ontario's high tech sector generated $44.2 billion in GDP in 2012, accounting for 39% of the Canadian total. Quebec ranked second with $24.7 billion in high tech GDP, followed by B.C. with $14.0 billion. Alberta's high tech GDP was also $14.0 billion, but it was about $4 million shy of B.C.'s total. The output from B.C.'s high tech sector comprised around 12% of total Canadian high tech GDP in 2012.
  • "High technology comprises a much larger portion of the United States' economy compared to the high tech sector in Canada. Almost 11% of the United States' GDP was generated by the high tech sector in 2012, or nearly $1.7 trillion. By comparison, high tech comprised just over 8% of Canada's GDP and Canadian high tech output was around 8% of the U.S. total.
  • "In 2011, the states where the high technology sector contributed the most to GDP were Oregon, Washington and Colorado. The high tech sector is responsible for around 18% of Washington State's GDP."

Hat tip, Georgia Strait. Creative Commons image by Maria Ly.

On the surface, mining the moon doesn't look that great

Posted: 06 Apr 2014 03:24 AM PDT

911 Metallurgist published an infographic comparing various metal concentrations on earth and on the moon. The lunar data set on resources is limited, but what is revealed doesn't show much promise.

China has a probe on the moon, which landed in December.

Mining the Moon [Infographic]
Explore more visuals like this one on the web's largest information design community – Visually.
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