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  1. Dated: 21 September 2006 The Director's of Thor Mining PLC ("Thor" or the "Company"), the specialist metals company currently focussed on projects in the Northern Territory of Australia, is pleased to announce: the Initial Public Offering("IPO") in Australia has closed raising AUD$10.0 million; the acquisition of Hale Energy Limited ("Hale Energy") from Batavia Mining Limited ("Batavia"); the dual listing of the New Shares and Warrants on the Australian Stock Exchange (the "ASX"); and Admission of the New Shares and Warrants to AIM.. Terms used in this announcement have the same meaning as the defined terms in the Circular issued on 9 August 2006. Highlights * Placing in Australia to raise AUD$10 million through the issue of 50,000,000 New Shares at AUD 20 cents completed successfully; * The issue of 67,445,833 Warrants to: Existing Shareholders; Batavia, the vendor of Hale Energy; the subscribers to the Offer; and Patersons Securities Limited ("Patersons"), the lead manager and underwriter to the Offer, at no extra cost; * The acquisition of Hale Energy satisfied by the issue of 16,000,000 New Shares and 8,500,000 Warrants; * The consolidation of the share capital of the Company from #10,000,000 divided into 10,000,000,000 ordinary shares of 0.1p each into #10,000,000 divided into 3,333,333,333 ordinary shares of 0.3p each on the basis of 3 ordinary shares of 0.1p each for each new ordinary share of 0.3p each; * The granting of Options to subscribe for up to 15,000,000 New Shares to Directors and certain employees at a price of 8p per New Share; * The quotation of the New Shares and Warrants on the ASX, traded by way of CHESS depositary Interests ("CDI"); * Admission of 129,891,667 New Shares and 67,445,833 Warrants to trading on AIM on Friday 22 September 2006; and * Deep resource drilling at the Molyhil Tungsten - Molybdenum Project in the Northern Territory ("Molyhil") has commenced with 8 holes planned to 300m. Commenting on the above Thor's Chief Executive Officer, Mr John Young said: "I am extremely pleased with the investor response to the IPO and strong support in the priority offer from the Batavia shareholders. With the fund raising behind us, we can aggressively pursue the completion of the definitive feasibility study at Molyhil and commence an aggressive uranium exploration program, which we plan to begin in October 2006." Fund raising and quotation on the ASX The Directors proposed that the Company offer up to 52,500,000 Offer Shares at the Offer Price to raise up to AUD$10.5 million of which 2,500,000 Offer Shares were to satisfy any over subscriptions, at the discretion of the Directors. The Company closed the IPO following the successful placing of 50,000,000 New Shares to raise AUD$ 10 million, before costs of the fund raising. Every two Offer Shares will have one Offer Warrant attached at no extra cost. The Company has applied for the New Shares and Warrants to be quoted on the ASX and to be traded by way of CDIs which is expected to commence shortly. Acquisition of Hale Energy The Company agreed to acquire Hale Energy subject inter alia on the listing of Thor's securities on the ASX. Hale Energy owns prospective uranium tenements and tenement applications in the Northern Territory of Australia. Thor proposes to aggressively and systematically explore and evaluate the uranium projects. The acquisition of the Hale Energy uranium prospects should provide an opportunity to deliver increased Shareholder value. Mr Durack, a Director of the Company, is also a director of Hale Energy and Batavia. Under the terms and conditions of the Acquisition Agreement Thor has acquired Hale Energy satisfied by the issue of 16,000,000 New Shares and 8,500,000 Warrants which at the Offer Price aggregates to an approximate consideration of AUD$3.2 million. An independent report by Continental Resource Management Pty Ltd in respect of the tenements is included in he Prospectus. Valuation Continental Resource Management Pty Ltd have prepared a valuation report on Hale Energy's mineral tenements and values these tenements as being within a range of AUD$2.1 million and AUD$3.9 million with a preferred value of AUD$3.0 million. Details of the proposed Share Consolidation Under the ASX Listing Rules Thor must issue the Offer Shares at no less than AUD$0.20. To achieve an issue price of AUD$0.20 a consolidation of the Company's issued ordinary share capital in the order of one New Share for every three Existing Shares has been approved by Shareholders. Shareholders on the register of members of the Company at the close of business on the Record Date (21 September 2006) will exchange 3 Existing Shares for 1 New Share and so in proportion for any other number of Existing Shares then held. The proportion of the issued ordinary share capital of the Company held by each Shareholder following the Share Consolidation will, save for fractional entitlements and subject to the exercise of share options, be unchanged. Following the Share Consolidation, Existing Shareholders will receive one Warrant for every two New Shares held. Other than the change in nominal value, the New Shares arising on implementation of the Share Consolidation will have the same rights as the Existing Shares, including voting, dividend and other rights. Any Shareholder not holding a number of Existing Shares which is exactly divisible by 3 on the Record Date will not be entitled to receive part of the proceeds of this sale in respect of his fractional entitlement. Issue of Warrants As part of the Proposals the Company will issue: 1. 31,945,833 Warrants to Existing Shareholders; 2. 8,500,000 Warrants to Batavia pursuant to the acquisition of Hale Energy; 3. 25,000,000 Warrants pursuant to the terms of the Offer; and 4. 2,000,000 Warrants pursuant to the terms of the underwriting agreement to Patersons. The terms of the Warrants, issued at no extra cost are identical. Each Warrant will entitle the holder to subscribe for one New Share at a price of 8p per New Share. The Warrants will expire on 15 June 2009. The Warrants will represent 31.1 per cent of the issued share capital of the Company on Admission on a fully diluted basis. Application has been made for the Warrants to be admitted to trading on AIM. The Warrants will be traded separately from the New Shares following Admission. The New Shares to be issued on the exercise of the Warrants will rank for all dividends or other distributions declared, made or paid by reference to a record date on or after the relevant exercise and will otherwise rank pari passu with the New Shares in issue on the relevant exercise date. Directors and employee share options The Directors have been authorised to grant Options over the authorised share capital of the Company in an amount not exceeding 15,000,000 New Shares. The Company proposes to grant the Options to Directors and certain employees to subscribe for New Shares. Such Options shall be exercisable at a price of 8p per New Share. The Directors propose to grant the following Options: 1. John W Barr be granted Options to subscribe for 6,000,000 New Shares; 2. John Young be granted Options to subscribe for 5,000,000 New Shares; and 3. Damian Delaney be granted Options to subscribe for 1,500,000 New Shares. The balance of Options to subscribe for 2,500,000 New Shares are to be granted to certain current and future employees and consultants at the discretion of the Directors. Mr Barr has previously been granted 4,000,000 options to subscribe for Shares exercisable at 3.75p per Share. As a result of the proposed Share Consolidation, this will become an Option to subscribe for 1,333,333 New Shares at 11.25p per Share. The Options expire on 15 June 2009. Use of proceeds The funds raised from the IPO, will be used to pursue an aggressive development strategy focused on the completion of a definitive feasibility study (the "DFS") for Molyhil. Thor intends to bring Molyhil into production during 2007, in parallel with a major exploration effort on its newly acquired uranium portfolio. Molyhil Thor Mining also today announced the commencement of a program of deep resource drilling at Molyhil. The program comprises 8 reverse circulation ("RC") holes to be drilled to a planned depth of 300m. The drilling will test for depth extensions of the Molyhil resource, which currently totals 2.38 million tonnes at a combined Tungsten-Molybdenum uncut grade of 0.80%. Magnetic modelling indicates that the Molyhil resource continues to a depth of at least 450m below surface. A number of geotechnical holes relating to tailings dam studies and hydrogeological investigations will also be completed as part of the DFS, which is due to be completed by mid-November 2006. Uranium Thor is also preparing for the commencement of uranium exploration at its five uranium projects in the Northern Territory. The portfolio covers a total area of 3,000 sq km, with the Hale River and Plenty Highway projects covering some 1,200 sq km of tertiary basin sediments and palaeo-drainage channels prospective for sandstone and roll-front style uranium deposits. The portfolio includes advanced target areas with previous uranium exploration history located in close proximity to existing discoveries. Admission to AIM Application for Admission has been made by the Company for the New Shares and the Warrants issued as a result of the proposals to be admitted to trading on AIM. It is expected that Admission will become effective and dealings will commence at 8.00am on Friday 22 September 2006.
  2. Visions of ecopolis Sep 21st 2006 ... From The Economist print edition Technology and the environment: China has ambitious plans to build a model “eco-city” near Shanghai . How green will it be? ON AN island at the mouth of China 's Yangzi River , plans are afoot to build the city of the future. The first residents will move in within five years. The city will be self-sufficient in energy and water and will generate almost no carbon emissions. Petrol and diesel vehicles will be banned in favour of solar-powered boats and fuel-cell-driven buses. The developers of this “eco-city”, called Dongtan, hope that it will come to be seen as a model for the rest of the world: London 's mayor, for one, is already inspired by it. Will it work? The island, Chongming, is a semi-rural county on the northern boundary of Shanghai , China 's most populous and crowded city, with a population of more than 9.3m in its main urban area. Shanghai 's rapid economic growth in recent years has made land in the city extremely expensive. Chongming, relatively poor and undeveloped compared with the neighbouring city, has long looked ripe for development into yet another expanse of factories and commuter towns. Instead, the city's planners—with strong backing from China 's political leadership—have decided to turn it into a model of what Shanghai is not. Chongming is to be an eco-friendly island. At its eastern end, on an expanse of reclaimed wetland that is today home to a scattering of farmers and fishermen, the eco-city of Dongtan will rise from the paddy fields, crab ponds and vegetable plots to become home to tens—eventually hundreds—of thousands of people. Chongming likes to call itself China 's third-largest island, though many would no doubt object to that description in independent-minded Taiwan (supposedly the largest island, with the offshore province of Hainan as number two). It is a strip of alluvial silt about 80km (50 miles) long and 17km wide that is home to some 650,000 people. The plan is to turn some of this farmland into forest and to make all agriculture organic. Chongming also hopes to attract low-polluting, high-tech industries. But much of its economy will be generated by “green” tourism. Chongming's forests—all planted, because there is no natural woodland—will provide a holiday refuge for Shanghai 's residents, who have few parks or other open spaces to enjoy. There are also plans for a theme park. Then there is the wetland. Chongming's fringe of tidal reed-covered mudflats—especially close to Dongtan—are a haven for birds, including the rare black-faced spoonbill, as they migrate between Australia and Siberia. Last year the central government put the wetland under state protection, although Yu Weidong, an ornithologist at Shanghai Normal University , dryly observes that it took two decades of lobbying to achieve this. Dongtan's planners say they will not only preserve the mudflats, but also create a wildlife park some 4km wide as a buffer along the edge of the wetland—“a placenta where life is to be gestated”, according to their brochure. Only one-fifth of Dongtan's 86km2 area is to be urbanised. It sounds like just the kind of greenness so urgently needed in the rest of China . The country's cities are choked by the exhaust fumes from a burgeoning number of cars, shrouded with dust from countless building sites and soaked with rain turned acidic from coal burnt for power and heating. It is beguiling to imagine that Chongming might become a model for city planners elsewhere in China as they struggle with the fastest urban growth in the country's history. By some estimates, China 's urban areas, already home to around 560m people, may well have to accommodate another 300m people by 2020. The central government, worried about the country's growing reliance on imported fuel and anxious to dispel its image as a super-polluter in the making, has begun to talk enthusiastically about the need for “green GDP” growth. There is hardly a local government that does not talk these days about plans for an eco-village, town or even city. But what they mean by this is vague. The central government fears that issuing clearer instructions could threaten growth and social stability. Officials bicker about how to quantify green GDP. Chongming, with little manufacturing industry that might resent the cost of going green, is seen as a low-risk place to experiment. Ken Livingstone, London 's mayor, is one Chongming enthusiast. During a trip to Shanghai in April, he described the Dongtan project as “breathtaking in scale and ambition” and a potential “beacon to the world on how to achieve a low-carbon future”. Mr Livingstone has plans to build a zero-carbon suburb in London , in conjunction with Arup, a British engineering firm that is helping to design Dongtan. The project, in an old industrial area in east London , would be much smaller than Dongtan. But Mr Livingstone has said his plan would show that it is “affordable and achievable to make all major new developments low-carbon.” Arup is excited, too. Rarely does the chance arise to design a city from scratch. The rapid growth of Chinese cities in recent years has been a bonanza for foreign architects and urban designers. Local governments have been lavishing huge sums of money on overseas expertise—much to the annoyance of home-grown designers—in the hope of making their cities look modern. Many of Beijing 's most prestigious new buildings are foreign creations. Shanghai's Pudong district, which until the early 1990s was mostly farmland and a few factories, now boasts a collection of skyscrapers designed by some of the world's most famous architects—not to mention the world's first commercially operating magnetic-levitation train, supplied by Germany. Arup's contract, signed last August, is with Shanghai Industrial Investment Corporation (SIIC), a property company controlled by the Shanghai government and listed in Hong Kong that was given the newly reclaimed Dongtan site in 1998. The deal became a showpiece of environmental co-operation between Britain and China during a visit to London by Hu Jintao , China 's president, last November. In the presence of Mr Hu and Tony Blair, Britain 's prime minister, the two companies signed another deal pledging to co-operate on any similar future projects by SIIC. There is also talk of building further eco-cities after Dongtan. Soul of a new metropolis Arup's plan for Dongtan is for a city made up of three “villages”. The first phase, due to be completed by 2010, will accommodate some 25,000 people, the firm says, and the total population will increase to half a million by 2040. According to the company, the city will combine elements of traditional Chinese design with the latest green technologies. Its energy will come from renewable sources such as wind turbines and bio-fuels made from agricultural waste. Most of the city's rubbish will be recycled. There will be no landfill. Human sewage will be processed and used for irrigation. Food will be produced without using agricultural chemicals. And “green building” technologies will reduce the amount of energy needed to heat and cool buildings by 70%. Unlike the newly developed areas around many of China 's fast-expanding cities, Dongtan will be compact, making it easy to cycle or walk around. Public transport, Arup says, will include solar-powered water taxis that will ply Dongtan's canals, and buses powered by hydrogen fuel cells, which combine hydrogen with oxygen to generate electricity and water, but no harmful emissions. The city government is expected to provide the buses as part of a scheme to have 1,000 fuel-cell vehicles in the city by 2010 and 10,000 by 2012. Visitors, says a news release, “will be encouraged to park their cars outside the city and use public transport” while in Dongtan. No petrol or diesel vehicles will be allowed in the city. And the hope is that there will be visitors aplenty. The eco-city is to be partly a tourist attraction. Yet herein lies one potential flaw. Chongming is at present a couple of hours' journey from central Shanghai by taxi and ferry. This, and its lack of five-star amenities, acts today as a deterrent to the tourist hordes. But once a new expressway, a 9km tunnel and several bridges have been built to link downtown Shanghai with the province of Jiangsu to the north, Chongming will no longer be a remote backwater. The plan is to complete this new transport artery by 2010, when Shanghai will host the World Expo—an event regarded as the city's coming-out party—rather as the 2008 Olympic Games will be for Beijing . Hence the timing of Dongtan's first phase. SIIC wants to have something to show off when Shanghai is flooded with tourists, politicians and businesspeople. Visitors will be encouraged to use Dongtan's eco-friendly public transport. But their emissions in getting there, swollen by the growing numbers as travel gets easier and other planned attractions become available, could offset the city's eco-friendly features. Then there is the risk that Dongtan will become little more than an expensive idyll where Shanghai 's wealthy can enjoy their weekends, or a dormitory town from which residents will commute to Shanghai 's city centre, polluting as they go. After all, cynics might say, SIIC is sitting on a potential goldmine that readily lends itself to just such a development. Since it acquired the land, there has been little that the company could do with it to turn a profit. In the absence of better transport links—it is 40 minutes by car to Dongtan after arriving on Chongming by boat—the land has been all but worthless. But with the infrastructure now being built this will dramatically change. SIIC insists, however, that Dongtan will grow in accordance with the demands of its own local economy and will not be a getaway for Shanghai 's rich. Yet initially, at least, the city will depend on providing leisure activities for visitors from the mainland. In other words, it will be a theme-park economy—hardly one that could serve as model across China . Later, Dongtan hopes to attract research laboratories, technology companies and call-centres, and to develop commercial-exhibition services. But such activities are possible to a large extent because Dongtan is located on the doorstep of Shanghai , one of China 's wealthiest cities. So even if Dongtan becomes a showcase for technologies and urban design that help to protect the environment, it is not clear how affordable or relevant they would be elsewhere in China . How green is my city? Even Chongming's own government, notwithstanding its eco-pretensions, does not appear anxious to push the rest of the island to follow the Dongtan model. Hu Jun, a deputy county chief, says that one solar heating-panel costs the equivalent of a year's income for a peasant. The cost of electricity from wind turbines, he points out, is four times greater than it is from coal-fired plants. As a result, he says, the low income of Chongming's residents “can't support this kind of eco-technology”. Nonetheless, Chongming's plans are ambitious by China 's standards. By 2020, it plans to source 30% of its energy from renewables, up from less than 1% at present (solar-powered street lighting is ostentatiously installed near the ferry terminals). The country as a whole is aiming for 15% renewable energy by then, up from 7% now, most of it hydropower. Chongming officials readily proclaim that environmentally friendly development requires a population that sees the benefits and understands what is required. But one of the main ways to foster such an awareness in Western societies, a vigorous civil society, is lacking in China . The country is only barely tolerant of non-governmental organisations, and fears that environmental pressure groups could provide cover for political activism against the Communist Party itself. A wetland expert in Shanghai asks that critical remarks about Chongming's plans not be attributed to him (he frets that a profusion of wind turbines, and an increase in the island's population, could threaten Chongming's birds). Even the Beijing office of WWF, an international environmental group, declined to discuss Dongtan. The local media say nothing that might embarrass the city authorities. A big part of the environmental problem arising from China 's urban growth is that local governments and companies they associate with have little to restrain them as they rush to make money. This has encouraged the rapid outward expansion of cities, rather than the more efficient use of existing space. In name at least, rural land is collectively owned by village residents. But since unelected party officials still control most villages, it is easy for local governments to seize land and sell it to developers while giving peasants little compensation. Dongtan, as reclaimed land with no permanent population before SIIC took it over, is not tainted with such a history. And most Chongming islanders, long isolated from Shanghai 's boom, doubtless welcome the government's decision to make the island's development a priority. But Shanghai 's growth, and that of many other Chinese cities, has happened with little reference to public sentiment. Even as Shanghai 's government plans a green haven on Chongming, it has been relocating tens of thousands of people from the city centre to make way for World Expo projects. The demand for cars is soaring as growing numbers are pushed into distant suburbs—a widespread phenomenon across China with cities rushing to build modern-looking business districts and erase Maoist-era housing. So, too, is the demand for better roads, resulting in a frenzy of construction across the country. According to Peter Head of Arup, the aim at Dongtan is to achieve an “ecological footprint” of two or less, meaning that two hectares of land would on average accommodate the consumption and waste of each person. Measuring ecological footprints is an imprecise and controversial science, but Mr Head says his target would bring Dongtan to roughly the level that would be required globally for mankind to sustain itself indefinitely. By comparison, he says, London has a footprint of 5.8. By Mr Head's current measurements, Dongtan would come out at 2.5 and he admits that lowering this to two will be hard. The obstacles include the effects of construction, as well as residents' expected consumption of meat (which raises the footprint because animals need grain). “There is no way you can expect Dongtan people not to eat meat,” he says. Follow the footprints A pioneer of the ecological footprint, William Rees of the University of British Columbia in Canada , has mixed views of Dongtan. It is, he says, “hardly a truly sustainable option” given that it is a new city occupying what is mostly agricultural land near a large ecologically significant wetland. He says that it is being designed to attract wealthy buyers whose way of life will be characterised by “high levels of personal consumption and large per-capita eco-footprints”. But it could be worse. It is at least less bad, he concedes, than greenfield cities for the rich based on standard urban designs and architecture. China's rapid development means it is most in need of a new approach to eco-friendly urban design, yet least able to embrace it. Despite the noble aims of its planners, Dongtan seems more likely to promote the development of other eco-cities outside China than within it. But as mankind becomes an urban species—around half of the world's population is now city-dwellers—the search for ways to reduce the environmental impact of cities has to start somewhere. Dongtan is as good a place as any.
  3. The strange and appealing idea of Growing Green crops and green energy on Rooftops, is being pioneered in Nepal of all places: "Growing on Rooftops makes use of abundant, otherwise wasted space, thus overcoming the main barrier to widespread agriculture and greening in urban centers. Green roofs can increase the longevity of a building and reduce heating and (especially) cooling costs. In Kathmandu there is a culture of using rooftops for gardening. Roofs are often strong enough to bear the weight of lightweight hydroponics systems." 2/ Rooftop Gardening in Kathmandu In 2001 GEM conducted a project entitled Household Level Waste management (HLWM) by Using Effective Micro-organisms (EM) and Rooftop Vegetable Gardening in Kathmandu City in co-operation with the Community Welfare and Development Society and the Kathmandu Municipality Corporation. The project involved workshops and training related to composting and rooftop gardening techniques directed toward local women’s organisations and high school students, resulting in the establishment of new rooftop gardening clubs whose members are interested in developing higher-yield gardens on the city’s rooftops. 3/ Organic Hydroponics · Hydroponics is the growth of plants without soil, wherein nutrients are supplied in solution in the optimum concentrations for maximum growth, generally quadrupling the yields that can be produced in the same space using conventional methods. · Hydroponics also uses less than one tenth of the water used in conventional agriculture, because water is not absorbed by the soil, and can be continually reused. · Recent projects in developing countries have shown the possibility of building simplified hydroponics systems that use human labour instead of mechanical devices for watering and testing, leading to a significant reduction in construction costs. · It has also been shown that it is possible to use compost-derived nutrient solutions rather than commercially available chemical nutrient solutions. These systems result in reduced energy use, lower costs, and do not rely on a stable supply of electricity. Water Reuse The irrigation water will be collected primarily through grey-water recycling and rainwater collection. The former will help to reduce the amount of wastewater to be treated as well as reducing the draw on current water supply systems. Rainwater collection will provide an unpolluted source that can be stored and redistributed. Its collection will help reduce the storm water runoff pollution shock caused when high rainfall events over areas with largely impermeable surfaces such as pavement and building roofs. ...MORE: http://www.alternatives.ca/gemnepal/
  4. A Normal Correction... current leg 6 is like leg 4: Interestingly this past summer's high consolidation mirrors, almost perfectly over the month or so prior to the HUI's early September highs, the high consolidation of massive upleg 4, the red one. Back in early 2004 correction 4 started out rather slowly and just grinded sideways, convincing many people including me unfortunately that the worst was behind us. Then at the very end of this correction it fell off a cliff and shredded anyone who bought in too early. Correction 4 really hurt a lot, believe me! Now today correction 6 is mirroring correction 4 incredibly well. The HUI hit 365 and created its last hurrah of false hope on the 81st trading day of our current correction. Back in correction 4, the HUI's last minor high was achieved on the 83rd day. And then after that the bottoms fell out of both corrections and they started plummeting. While I don't know if this uncanny symmetry will continue, I'd be hesitant to bet against it. ...more: http://www.safehaven.com/article-5942.htm
  5. drbubb

    The Coal Thread

    Coal Mining - China in 2003 China achieved a new record in coal production of 1,608 Mt a 15.4% increase from the 2002 total of 1,393 mt. Coal exports in 2003 amounted to 93 mt, 8.5% increase from 2002, imports reamined constant. Exports are mainly sent to Japan and Korea. China plans to form up to ten large mining enterprises, each capable of producing more than 50 Mt/y. Four top producers currently are: (together: 14.8% 2003 production) Shenhua Group................ : 65.94 mt of commodity coal Yanzhou Coal Mining Corp Datong Coal Corp Shanxi Coke Group Co Safety has been a major factor, with 6,000 fatalities in 2003 ...more: http://knows.jongo.com/res/article/10339
  6. speculative manias claim victims, and since whole families got caught up in this one, they will get dragged down together. who is to blame? the unblinking and thinking have only themselves to blame
  7. drbubb

    BP

    from this chart , i think it might fall a bit lower: perhaps 525p
  8. The cells are now in limited production by Konarka, based in Lowell, MA USA, primarily for the military. Konarka has just announced a 25-megawatt facility for a foil-backed, dye-sensitized solar cells, by G24innovations ltd. in England, based on a Konarka license. Konarka, based in Lowell, MA USA: http://www.konarka.com/ Konarka develops light-activated power plastic that is flexible, lightweight, lower in cost and much more versatile in application than traditional silicon-based solar cells. Materials Make It Possible These new materials are made from conducting polymers and nano-engineered materials that can be coated or printed onto a surface in a process similar to how photographic film is made. World Without Wires™ Anywhere there is light and a battery, power plastic makes it possible for devices, systems and structures to have their own low-cost embedded sources of renewable power. By combining energy generation and power consumption within the same device, Konarka enables manufacturers to create a World Without Wires™ with truly wireless applications.
  9. Chasing the power of wind in Asia By Angela Macdonald-Smith Bloomberg News ... Published: September 20, 2006 SYDNEY China and India are accelerating development of wind power, which is luring companies like the turbine maker Vestas Wind Systems as restrictions hamper wind farm construction in traditional markets like Australia. "The biggest markets in the next decade will probably be India and China in particular," said Achim Hoehne, a manager based in Sydney at the PB Power unit of the engineering services company Parsons Brinckerhoff. "Australia had a good market until about a year ago. Since then, companies are looking for other opportunities." A venture partly owned by CLP Holdings of Hong Kong scrapped more than $400 million of projects in Australia this year - where government renewable- energy quotas have almost been met - in favor of China and India. Vestas Wind, the world's biggest wind turbine maker, and Suzlon Energy of India, the largest in Asia, are expanding in China. Global oil prices have stayed above $50 a barrel for 15 months, prompting a worldwide scramble to develop alternative energy sources. China, which gets two-thirds of its power from coal, is also trying to cut pollution. China added almost 500 megawatts of wind energy capacity in 2005 - a jump of 66 percent to 1,260 megawatts, according to the Global Wind Energy Council, which is based in Brussels. That compares with growth of 11 percent in Germany, the world's largest wind market, where capacity reached 18,428 megawatts, the council said. China may add 2,000 megawatts of capacity this year. That is making the market in China more attractive than countries like Australia, where investments in wind projects have slowed as a government target for renewable energy use is reached. China has a target of 5,000 megawatts of wind capacity by 2010 and a goal of 30,000 megawatts by 2020, said Andrew Richards, president of the Australian Wind Energy Association. China National Offshore Corp., or Cnooc, one of the largest oil companies in China, said last month that it was studying building offshore wind farms. "Everyone is positioning themselves to be there and be ready when things really open up," said Dan Kofoed Hansen, managing director of the Australian unit of Suzlon. "China is still in its infancy as a market as such." A plan to triple the use of wind power in Japan, which imports almost all of its oil, is being undermined because of concern that power surges from wind farms could be disruptive. Unlike Germany, Japan lacks the national grid needed to iron out supply fluctuations from such projects. The Japanese government drafted a plan in May 2005 to increase wind power generation to 3,000 megawatts by March 2011. As of March, Japan had a little more than 1,000 megawatts. In China, the renewable power market still favors local companies over foreign ones, Hansen said. This is among the deficiencies that probably need to be removed before the market fulfills the projections of its potential, he said. Vestas, based in Randers, Denmark, opened a factory in northeast China in June, while Repower Systems, a German rival, signed a contract earlier this month to take control of a Chinese wind turbine manufacturing venture. Vestas said in August that it would close a plant in the Australian state of Tasmania that assembled parts of turbines. "It was a business decision," said Thorbjorn Rasmussen, president of Vestas's Asia-Pacific unit. "From the view of the market perspective, there is no long-term commitment to this market from the political side" in Australia, he said. SYDNEY China and India are accelerating development of wind power, which is luring companies like the turbine maker Vestas Wind Systems as restrictions hamper wind farm construction in traditional markets like Australia. "The biggest markets in the next decade will probably be India and China in particular," said Achim Hoehne, a manager based in Sydney at the PB Power unit of the engineering services company Parsons Brinckerhoff. "Australia had a good market until about a year ago. Since then, companies are looking for other opportunities." A venture partly owned by CLP Holdings of Hong Kong scrapped more than $400 million of projects in Australia this year - where government renewable- energy quotas have almost been met - in favor of China and India. Vestas Wind, the world's biggest wind turbine maker, and Suzlon Energy of India, the largest in Asia, are expanding in China. Global oil prices have stayed above $50 a barrel for 15 months, prompting a worldwide scramble to develop alternative energy sources. China, which gets two-thirds of its power from coal, is also trying to cut pollution. China added almost 500 megawatts of wind energy capacity in 2005 - a jump of 66 percent to 1,260 megawatts, according to the Global Wind Energy Council, which is based in Brussels. That compares with growth of 11 percent in Germany, the world's largest wind market, where capacity reached 18,428 megawatts, the council said. China may add 2,000 megawatts of capacity this year. That is making the market in China more attractive than countries like Australia, where investments in wind projects have slowed as a government target for renewable energy use is reached. China has a target of 5,000 megawatts of wind capacity by 2010 and a goal of 30,000 megawatts by 2020, said Andrew Richards, president of the Australian Wind Energy Association. China National Offshore Corp., or Cnooc, one of the largest oil companies in China, said last month that it was studying building offshore wind farms. "Everyone is positioning themselves to be there and be ready when things really open up," said Dan Kofoed Hansen, managing director of the Australian unit of Suzlon. "China is still in its infancy as a market as such." A plan to triple the use of wind power in Japan, which imports almost all of its oil, is being undermined because of concern that power surges from wind farms could be disruptive. Unlike Germany, Japan lacks the national grid needed to iron out supply fluctuations from such projects. The Japanese government drafted a plan in May 2005 to increase wind power generation to 3,000 megawatts by March 2011. As of March, Japan had a little more than 1,000 megawatts. In China, the renewable power market still favors local companies over foreign ones, Hansen said. This is among the deficiencies that probably need to be removed before the market fulfills the projections of its potential, he said. Vestas, based in Randers, Denmark, opened a factory in northeast China in June, while Repower Systems, a German rival, signed a contract earlier this month to take control of a Chinese wind turbine manufacturing venture. Vestas said in August that it would close a plant in the Australian state of Tasmania that assembled parts of turbines. "It was a business decision," said Thorbjorn Rasmussen, president of Vestas's Asia-Pacific unit. "From the view of the market perspective, there is no long-term commitment to this market from the political side" in Australia, he said. @ : http://www.iht.com/articles/2006/09/19/bloomberg/bxwind.php
  10. INTERVIEW - China Suntech Sees Solar Cell Prices Peaking -------------------------------------------------------------------------------- CHINA: August 21, 2006 SHANGHAI - China's Suntech Power Holdings Co. Ltd. said on Friday it expects rising prices for solar power cells will start to decline as soon as next year, fuelling demand for solar energy. "Several major manufacturers, including Suntech, consider that in the next year we need to cut the price ... to bring this industry into a healthier type of situation," said Zhengrong Shi, chief executive of one of the world's 10 biggest makers of solar cells. Solar cell use had been growing rapidly in China, but that was mainly because of government incentives, Shi said. Price cuts would allow the industry to flourish without artificial supports, increasing its transparency, he said in an interview. Prices may fall by 5 to 10 percent in 2007, said China-born Shi, who spent 14 years working and studying in Sydney and became a dollar billionaire after Suntech's initial public offer in New York last December. In February, Suntech said its average selling prices would rise 5 to 7 percent this year. Another threat to the company's margins is the cost of the silicon used to make solar cells. Silicon prices rose nearly 50 percent last year, partly because of competing demand from the computer industry. ...MORE : http://www.planetark.com/dailynewsstory.cf...37743/story.htm
  11. Process Cuts Corn To Ethanol Conversion Cost A new process promises to cut the cost of producing ethanol from corn. A Purdue University team led by professor Li-fu Chen and research assistant Qin Xu, both from the Purdue food science department, discovered a new method to create ethanol from corn. The method also produces biodegradable byproducts that could be safely eaten. Existing methods of corn-to-ethanol conversion produce as much as 2.6 gallons of ethanol per bushel. The new Chen-Xu method produces 2.85 gallons for a 9.6% improvement. But this method also reduces energy use in the conversion process and produces less waste. The Chen-Xu Method produces about 2.85 gallons of ethanol for every bushel of corn processed. That output is slightly higher than current methods, but the same process that creates the ethanol also creates other marketable products. Chen said the method also meets federal Clean Air Act standards, eliminating costs that other methods incur in meeting environmental regulations. "One of the common methods of manufacturing ethanol, called dry milling, is often the cause of air pollutants by drying and storage of DDG, a byproduct of the process," Chen said. "Another method - wet milling - produces an odor because it requires the input of sulfur dioxide. The Chen-Xu Method eliminates both issues, and the only odor comes from the smell of the corn and yeast fermentation." Using a machine originally designed to make plastics, the Chen-Xu Method grinds corn kernels and liquefies starch with high temperatures. The water input required by wet milling is reduced by 90 percent, Chen said. Wastewater output is cut by 95 percent, and electricity use is reduced by 47 percent. "The total operating cost of a Chen-Xu Method ethanol plant should be much less than that of a wet-milling plant, and total equipment investment is less than half," Chen said. "And with proper planning and management, total equipment investment should be less than that of a dry-milling plant." @: http://www.futurepundit.com/
  12. CREATING A NEW ETHANOL SECTOR Ethanol maker VeraSun hopes to shine in debut Stocks in companies planning to make ethanol have been hot Jun 4, 2006 NEW YORK (MarketWatch) -- When looking at the prospects for VeraSun as the first of a trio of ethanol makers going public this summer, consider the big move upward in shares of Pacific Ethanol. Ethanol, an alcohol-based fuel made from corn and sugar cane, has been riding a wave of interest of late as an alternative to fossil fuels imported from the Middle East and elsewhere. Pacific Ethanol (PEIX : .78, -1.23, -4.4%) last month raised $138 million in a stock offering as the ethanol sales and distribution company gets ready to become a producer of the fuel by completing five plants by the end of 2008. Shares of the firm have jumped to a high of $45 before settling down to the $30 level, triple its year-ago level of $10. Other public firms riding the ethanol wave to higher stock prices of late include Green Plains Renewable Energy (GPRE : 0.00, 0.00, 0.0%) , which is now building a plant, and Xethanol Corp. (XTHN : 9.75, -0.05, -0.5%) , which has one small plant and recently purchased another with plans to grow on the East Coast. MGP Ingredients (MGPI : 100.92-5.16-4.86%) and ANDE (100.92, -5.16, -4.9%) , an agribusiness company, plans to get into the ethanol production business as well. Agricultural giant Archer Daniels Midland (ADM : 41.50, -0.84, -2.0%) has also waded into the business with more than 1 billion gallons a year of ethanol now in production, and plans to add another 550 million. Meanwhile, efforts are underway in Washington to push for greater industrial production of flexible-fuel cars. VeraSun will mark the first standalone company currently producing significant amounts of ethanol to debut its shares on Wall Street. Waiting in the wings are two large IPOs from Aventine Renewable and Hawkeye Holdings. Dutton Associates analyst Paul Resnik said in an interview with MarketWatch that VeraSun will provide a test case in the IPO market. "VeraSun will give guidance as how one should value ethanol companies," he said. "As more producing companies come to market, the market will be comfortable with how to do this. We're on at stage now where valuations are based on future production in a commodity that fluctuates in price." Interest in VeraSun appears to be strong, as the IPO hiked its proceeds to $328 million from $150 million. The company plans to offer 17.25 million shares at $18 to $20 a share with underwriters Morgan Stanley, Lehman Brothers and A.G. Edwards. Although ethanol continues to build up steam as an alternative to imported oil to fuel automobiles, Resnik issued a cautionary note on the year-end price of the fuel, which he sees falling about $2.15 in the next year, about 35% below the current level. In a recent note, Resnik cited a "land rush" mentality taking place in the ethanol business as producers and would-be producers "aggressively" raise equity. The U.S. will need to invest about $7 billion in the ethanol business and import sugar cane from Brazil to significantly displace imported oil used in cars' gas tanks, according to a study by Bear Stearns. U.S. corn ethanol production capacity will have to rise by 6.7 billion gallons per year to 11.4 billion gallons per year in order to displace 7% of gasoline from crude oil, the brokerage said. While the U.S. faces land availability obstacles to growing more corn, in Brazil there are about 950 million acres of arable land, some 700 million of which are currently cultivated. "In our view, if the renewable industry develops too aggressively, the oil industry may counteract by increasing production of oil and thus drive down the price" of gasoline, Bear Stearns said. Tempting investors VeraSun, Hawkeye Holdings and Aventine Renewable have recently emerged as a trio of ethanol makers poised to tempt investors as the U.S. pursues plans to add more pumps at service stations offering a mix of gas and alcohol. @: http://www.marketwatch.com/News/Story/78bR...st=TNMostMailed
  13. some more recommendations from one of the top CEF people... "We created a forum - to follow up discussion after our meetings - but after 6 months with not much activity, we closed it down." Personally, I watch the following: http://www.futurepundit.com/ http://www.thewatt.com/ and http://www.newsnow.co.uk/newsfeed/?name=Climate+Change
  14. have you heard about a new plant in switzerland? cuts silicon cells. highly automated. starts up soon. shud bring costs down somewhat i heard about the swiss plant from one of the investors. it will ipo soon = = slightly off topic: have you any comments on the factory project, JD?
  15. excerpt Shortly after learning of the fMRI research, I was contacted by a young scientist from Iran, Mohammad Mansouryar, trained in nuclear physics. He was excited to alert me to his theoretical work in generating what physicists call exotic negative energy, a prerequisite for the generation of spacetime wormholes, similar to the fictional depiction in the film "Contact." The vision that guides this young man is the ever-shrinking material world, where distance looses all meaning, leading to the conversion of what was once impossible into reality. He is confident that someday the human race will access wormholes through spacetime to touch distant worlds. good mention there
  16. FORT MCMURRAY- and the oil sands boom + 173 billion bbls of oil in the bitumen around ft. McM + c$80 billion of planned spending + Population growing at 8% per annum, by 2010, should be 50% higher + housing prices have doubled since the beginning of the decade + in the past 18 months, rentals are up 70 - 100%
  17. Chart: ARTICLE: Oil Prices Provide Firm Ground For Exxon Mobil In Q2 Thursday July 27, 2006 11:43:00 EDT (RTTNews) - Dow component Exxon Mobil Corp. (XOM) exuded the same optimism as that of its peer ConocoPhillips with an upbeat performance in its second quarter. The oil giant's bottom line results steamrolled past the consensus estimate, aided by strong production and price realization. However, refinery throughput and marketing margins reveal ... ...MORE: http://www.marketcenter.com/news/story.act...607271143001432
  18. Exxon's techonological advantage; Series of articles: http://www.baselinemag.com/article2/0,1540...605TTX1K0001127
  19. GOLD was dragged down by the $2.00+ fall in Crude. But there is a message in yesterday's Oil Sector index (XLE) chart: crude/USO vs. XLE XLE made a triple bottom yesterday, and lifted off it's lows. message: crude is trying to bottom here... and that would help gold shares, many of which are still above last week's lows
  20. £1000 rental per month? that's a pathetic 3.2% gross return on a £375k price at 5%, the price would need to be £240k, and it may be headed there
  21. CONVERSATION-- With the Inventor of Solar Cells Solar? MIT’s Technology Review talks to the inventor of the most efficient solar cell, who says: A very reputable journal [Photon Consulting] just published predictions for module prices for silicon for the next 10 years, and they go up the first few years. In 10 years, they still will be above three dollars, and that’s not competitive. Yes, people are trying to make silicon in a different way, but there’s another issue: energy payback. It takes a lot of energy to make silicon out of sand, because sand is very stable. If you want to sustain growth at 40-50 percent, and it takes four or five years to pay all of the energy back [from the solar cells], then all of the energy the silicon cells produce, and more, will be used to fuel the growth. And mankind doesn’t gain anything. Actually, there’s a negative balance. If the technology needs a long payback, then it will deplete the world of energy resources. Unless you can bring that payback time down to where it is with dye-cells and thin-film cells, then you cannot sustain that big growth. And if you cannot sustain that growth, then the whole technology cannot make a contribution. With regard to the dye-cells [he invented], silicon has a much higher efficiency; it’s about twice [as much]. But when it comes to real pickup of solar power, our cell has two advantages: it picks up [light] earlier in the morning and later in the evening. And also the temperature effect isn’t there–our cell is as efficient at 65 degrees [Celsius] as it is at 25 degrees, and silicon loses about 20 percent, at least. If you put all of this together, silicon still has an advantage, but maybe a 20 or 30 percent advantage, not a factor of two. [Meanwhile] a factor of 4 or 5 [lower cost than silicon] is realistic. If it’s building integrated, you get additional advantages because, say you have glass, and replace it [with our cells], you would have had the glass cost anyway. So realistic solar cell production that are cost-effective without subsidies are still a few years away. In the meantime, we’ll have to dig deeper and deeper for new energy sources. ...more : http://biz.yahoo.com/seekingalpha/060917/17018_id.html?.v=1
  22. drbubb

    The Oil and Energy Price Thread

    HELPS FOR THE NOVEMBER ELECTION-- Oil Prices Settle Near Six-Month Low As Worries About Supply Threats Ease WASHINGTON (AP) -- The likelihood of finding $2-a-gallon gasoline in some parts of the U.S. is increasing by the day. The nationwide average at the pump is already below $2.50, and with a huge decline in oil and gasoline futures on Tuesday analysts say the outlook for motorists is only getting better. "We'll see sub-$2.25 a gallon retail (prices) by October," said Tom Kloza, director of the Oil Price Information Service, adding that prices below $2 can already be found in Kansas, Missouri, South Carolina and other states. Oil prices sank by more than $2 a barrel Tuesday to settle near a six-month low as worries about supply threats eased and signs of economic weakness in the U.S. signaled a potential cooling of energy demand. The selloff brought crude oil futures to a six-month low, and helped weigh down already sinking gasoline prices. "The real-time fundamentals of supply and demand are bearish," said Societe Generale commodities analyst Mike Guido. Global inventories of crude oil are rising and in the U.S. -- the world's biggest energy consumer -- demand is tapering off. "There are signs that the housing market could have a bigger impact on the economy going forward," he said. Moreover, pre-summer fears that hurricanes would disrupt Gulf of Mexico oil production have so far not materialized and speculators who had once helped to drive prices higher are now making bets on further declines. While the market's psychology has clearly shifted, traders remain cautious about the West's diplomacy with Iran over its nuclear program, though they are increasingly less fearful than they once were that Iran will pull oil off the market. Light sweet crude for October delivery fell $2.14 to $61.66 a barrel on the New York Mercantile Exchange, where gasoline futures tumbled 7.58 cents to $1.5038 a gallon. It was the lowest close for front-month crude futures since March 21, when oil settled at $60.57. Oil prices have fallen 20 percent from a record settlement of $78.40 a barrel on July 14. Also influencing trade, analysts said, was the market's preparation for a shift in the gasoline contract. At year's end, the unleaded gasoline contract the market has traded since 1983 will be replaced by a futures contract known as the reformulated gasoline blendstock for oxygen blending, or RBOB, which is already being traded actively on Nymex. The move stems from the refining industry's decision to introduce ethanol as a substitute for methyl tertiary butyl ether, or MTBE, in summer blends of gasoline. The unleaded gasoline contract had been reformulated for summer with MTBE. The Organization of Petroleum Exporting Countries confirmed traders' suspicions about the impact of a slowing economy on global demand by announcing that the fourth-quarter demand for its oil would be 320,000 barrels a day lower than previously forecast. In 2007, OPEC expects demand for its crude to average 28.1 million barrels per day, or 800,000 barrels per day less than the 2006 average, in part because non-OPEC supplies are rising. As a result, some analysts believe the Vienna-based cartel, which is pumping close to 30 million barrels a day, may soon cut its output. "If we get below $60, they're going to begin to take away barrels," Guido said. "But it's not going to make a difference." ...more: http://biz.yahoo.com/ap/060919/oil_prices.html?.v=15
  23. TEN SECRETS TO INVESTING IN JUNIOR MINERS & EXPLORERS + A Top Performing sector, but not widely followed - - + Small can be Better, in Exploration Small Exploration companies... - can get the job done cheaper, - they are more nimble and adventurous, - provide more upside, when they make a discovery, ...so can attract top talent Large Mining companies... - have lost many of their best exploration geologists, - have cut budget, or jv-ed with smaller co's - are acquiring smaller companies at the right stage (some names: Virginia Gold ...) - - + First $2 million ... Can be found for New Mining Ventures Costs of going Public: - China: 2-3 years, and over us$1 million - Hong kong: hk$10 million = us$1.25 million - London: pds 400,000 = us$ 700,000 - Canada- venture = maybe c$ 100,000 every dollar counts, at an early stage scandals of the past, have been minimised by new regime. - - + Capital Gains matter not Cash Flow + The Quickest gains is in the Drilling Phase + when it doubles, sell half + Junior Miners are a Geared Play on Gold + there's sizzle in seasonality + placements are structured for profits + a dud project is not the end of the road
  24. JUNIOR MINERS & EXPLORERS, the title should be ==================== As a starting point, look at this chart from FS That is more than a Double since last fall. Can it continue? Let's look long term... We havent seen a breakout on the long term charts yet. If Gold keeps rising, then that may come. However, It may not be immediate. Gold and gold shares are overbought. A pullback could come at any time. We saw one last year from a March high, and it is normal for the gold market to pullback in the summer. Sodo not be too eager to pile into a hot market. I might be better to earmark money for the sector, and be prepared to invest if we see the usual dull period in July-August. But a big breakout later this year is possible. = = I may be doing a presentation: "WHY I invest in Canadian Junior Mining Shares", SOME REASONS: + Overall Mining sector is favorable: - After more than 20 years downturn, a cyclical upturn - A low risk way of investing in China, - Betting on a weaker Dollar + Why Juniors ? + Why Canada? + Examples of actual investments + An illustrative investment + Seasonal cycles, and other tips from Insiders = = = = = LINKS: FS Junior Charts : http://www.financialsense.com/metals/fsjg.html = = = = = IF THERE IS a demand for it, I will go into more specifics here
  25. japan is in the midst of a demographic nightmare, the uk is headed towards one
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