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South African village becomes first to be powered by fuel cells

Posted by ipso facto @ 14:01 on August 5, 2014  

By Zandi Shabalala

KROONSTAD, South Africa, Aug 5 (Reuters) – A South African village has become the first in the world to be powered by fuel cells, companies behind the project said on Tuesday, in a new scheme which could help remote areas of the continent access electricity for the first time.

South Africa suffers from power shortages and state-run utility Eskom is struggling to keep up with rising electricity demand, while around 2 million poorer households live without any access to the grid.

“What we have here is a world first,” said Chris Griffith, chief executive of Anglo American Platinum, which is partnering with Canadian-listed Ballard Power Systems in piloting the project.

more http://finance.yahoo.com/news/south-african-village-becomes-first-170431087.html

Buygold @ 10:09

Posted by Auandag @ 13:08 on August 5, 2014  

I remember when Turk said that gold would never see $1600 again. Ironically he may turn out to be right!

Hey Maya, yer 9:33, The San Francisco Theif..

Posted by macroman3 @ 11:36 on August 5, 2014  

Janet Yellen the Engineer?

WANDA – These Goons on Wall St

Posted by commish @ 11:26 on August 5, 2014  

Do not want the public to cash in their paper assets and convert to tangible assets. 7bfa21aaf5

Macroman3 @ 2:03 I agree this tailings mess is going to be a great negative for

Posted by Equisetum @ 11:24 on August 5, 2014  

any dreams that Taseko may have had for that region. I do not know the details of the principals involved in the disastrous Imperial operation. Now we just have to add to this tailings pond escape the recent Supreme Court decision regarding the Chilcotin people’s claims and we end up with grim future prospects for approval of any future mining ventures in large areas of B.C. Too bad, because I dont think it had to turn out this way. Cheers – Even if there is no cheer in the Likely area of B.C. this morning.

It’s rigged. I tell ya.

Posted by commish @ 11:09 on August 5, 2014  

t24_ag_en_usoz_2

Wanka

Posted by Buygold @ 11:02 on August 5, 2014  

I’m with you there. Legal means are a waste of time and money.

Lois Lerner is a case in point. Congress is powerless to convict and punish her, they must rely on the DOJ, the great protector of all things corrupt.

The legal system is a joke.

Helium 3

Posted by ipso facto @ 10:51 on August 5, 2014  

China is taking lunar mining seriously

The moon is rich in rare earths, titanium and could support mining with recent evidence of the existence of water, the big prize when excavating the moon is helium-3.

Almost non-existent on earth, helium-3 is abundant and accessible on the moon and could be used in nuclear fusion, producing much more energy than fission reactions and with much less radioactive waste.

It does, however, exist on the moon. Lacking an atmosphere, the moon has been bombarded for billions of years by solar winds carrying helium-3. As a result, the dust of the lunar surface is saturated with the gas. It has been calculated that there are about 1,100,000 metric tons of helium-3 on the lunar surface down to a depth of a few meters, and that about 40 tons of helium-3 – enough to fill the cargo bays of two space shuttles –could power the U.S. for a year at the current rate of energy consumption. Given the estimated potential energy of a ton of helium-3 (the equivalent of about 50 million barrels of crude oil), helium-3 fuelled fusion could significantly decrease the world’s dependence on fossil fuels, and increase mankind’s productivity by orders of magnitude.

However, supplying the planet with fusion power for centuries requires that we first return to the moon. At present, only China has this in mind, with its Chang’e program, a lunar exploration program that will send astronauts to the moon by the early 2020s. If Beijing wins the second “race for the moon,” and establishes a sustained human outpost conducting helium-3 mining operations, it would establish the same kind of monopoly that in the past created the fortunes of ventures like the East India Company. The ramifications would be significant, to say the least.

First, “China is what international relations scholars call a ‘revisionist power,’ seeking opportunities to assert its enhanced relative position in international affairs,” according to Foreign Policy. Establishing an automated or manned helium-3 operation on the moon would be a spectacular assertion. Second, with the inevitable depletion of fossil fuels on Earth, China would be in a position to gradually build a helium-3 empire in which it would control the supply of the lunar gas. The rise of such an empire would most likely be met with resistance. The prospect of China’s energy supremacy would probably lead to pervasive geopolitical influence, cause geopolitical tension and anti-Chinese alliances to coalesce, and prompt other countries – particularly the U.S. – to hasten to the moon to break the dragon’s monopoly.

more http://www.mining.com/china-is-taking-lunar-mining-seriously-65595/

Amazing aerial footage of the Mount Polley tailings dam faliure

Posted by ipso facto @ 10:44 on August 5, 2014  

BIG!

http://www.mining.com/amazing-aerial-video-of-mount-polley-tailings-breach-76060/

WANKA @ 10:22

Posted by ipso facto @ 10:27 on August 5, 2014  

There needs to be a legal way to remove crooked judges like that. Otherwise …

Seeking Alpha–ANV analysis of recent earnings and prospects

Posted by Richard640 @ 10:21 on August 5, 2014  

Fortunately a lot of this concern is built into the stock. The shares are down 17% for the year and they are down about 25% since I wrote about the company in November. Furthermore short interest is a whopping 36% of float. The reason for this is that the company is highly leveraged to the gold price given that its costs include not just its production costs but its financing costs, and this increases its effective cost of production to a point near the current gold price. Given the company’s meager $307 million valuation versus its production capacity of over 250,000 ounces even a small increase in the gold price radically changes the company’s cash-flow potential relative to its market capitalization making it an ideal leverage vehicle for gold bulls. But until the company de-risks its portfolio by either de-leveraging or by finding a JV partner for its ambitious Hycroft expansion plan I don’t see the appeal beyond this optionality.

http://seekingalpha.com/article/2380775-update-allied-nevada-beats-on-earnings-rising-costs-and-negative-cash-flow-are-significant-issues

R640 – James Turk and KWN

Posted by Buygold @ 10:09 on August 5, 2014  

I believe about six weeks ago Turk said that silver could double in SIX WEEKS.

How ironic as silver breaks below $20 for the millionth time in the last three years.

Buygold

Posted by ipso facto @ 10:07 on August 5, 2014  

I’m grokking on that!

Something seems to be wrong with our system. Where is Galt’s Gulch? I think I’ll pack my bags.

More Kool-Aid

Posted by Buygold @ 10:06 on August 5, 2014  

ISM Services blowout 58 vs. 56.5 estimates. Highest since 2005

 

Ipso

Posted by Buygold @ 9:58 on August 5, 2014  

I guess once they are appointed, short of committing murder, they are never removed.

Can you imagine the anger and frustration those plaintiffs with solid cases must’ve had running into a judge like that? Talk about a complete loss of confidence in the system.

Floridagold

Posted by ipso facto @ 9:54 on August 5, 2014  

It seems to be nearly impossible to put these powerful corporate officers into jail. A real person, a crooked thief made the decisions to break the law. They should be held accountable.

I guess that’s just a fairy tale … for now.

Buygold

Posted by ipso facto @ 9:51 on August 5, 2014  

“Ipso what I found most interesting about that article was the administrative law judge Bruce Levine never found for a plaintiff in his 20 year career.”

Is that a disgusting, disgraceful fact or what! Is there no way to remove corrupt judges?

Morning Oasis – you too Ipso

Posted by Buygold @ 9:47 on August 5, 2014  

Ipso what I found most interesting about that article was the administrative law judge Bruce Levine never found for a plaintiff in his 20 year career.

Corrupt and bought off judges are becoming an all too familiar sight in this country. In fact honest, ethical judges are becoming a rarity.

 

Looks like the shares are still begging the metals to catch a bid, but the metals refuse to comply. Frustrating to watch the “boot on the neck” action.

Gold Train

Posted by Maya @ 9:33 on August 5, 2014  

A blast from the past… first generation diesel PA-1 locomotives pulling the “San Francisco Chief”.  Looks like a Lionel toy train.

http://www.railpictures.net/viewphoto.php?id=484399

 

RNO … There it is, barely a pin prick

Posted by ipso facto @ 9:30 on August 5, 2014  

Moving along to today’s story, we learn that the CFTC will impose a meager $650,000 fine on JP Morgan, despite years of warnings about fraudulent data reports. The CFTC announced that:

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against J.P. Morgan Securities LLC (JPMS), a wholly-owned subsidiary of JPMorgan Chase & Co. and a CFTC-registered Futures Commission Merchant (FCM), for submitting inaccurate reports to the CFTC relating to the required reporting of positions held by certain large traders whose accounts are carried by JPMS. The reporting violations occurred despite the CFTC notifying JPMS of numerous errors in its reports. The CFTC Order requires JPMS to pay a $650,000 civil monetary penalty to address its unlawful conduct. The reports are known as the “large trader” reports and are used by the CFTC in order to evaluate potential market risks and monitor compliance with CFTC requirements.

http://www.zerohedge.com/news/2014-08-04/another-settlement-%E2%80%93-jp-morgan-receives-slap-wrist-despite-years-fraudulent-cftc-dat

Floridagold @ 8:59 on

Posted by grin @ 9:16 on August 5, 2014  

ya a bottle of baily’s, a guy named Mad Mike and an axe

 

interesting combo <G>

News News

Posted by ipso facto @ 8:53 on August 5, 2014  

Richmont Mines Consolidates 100% Ownership of Island Gold Mine

http://finance.yahoo.com/news/richmont-mines-consolidates-100-ownership-110000685.html

Richmont Mines Announces Record Quarterly Revenues and Operating Cash Flows in the Second Quarter of 2014

http://finance.yahoo.com/news/richmont-mines-announces-record-quarterly-115900154.html

Preliminary Economic Assessment on Brewery Creek Project, Yukon Commissioned by Golden Predator

http://finance.yahoo.com/news/preliminary-economic-assessment-brewery-creek-123000772.html

redneckokie1 @ 23:04

Posted by ipso facto @ 8:16 on August 5, 2014  

I suspect you’re right, no serious consequences will be laid on JPM for these crimes. It’s just such a surprise that they’re being dinged at all. Someone didn’t get the memo!

Unintended Consequences – Jim Willie

Posted by Moggy @ 7:50 on August 5, 2014  

If you don’t want to view the video, scroll down and read his bullet points:

https://www.perpetualassets.com/news/2014/07/29/unintended-consequences-with-jim-willie/

 

Let’s start the day off with a really funny joke I just heard [for the umpteenth time]=

Posted by Richard640 @ 7:42 on August 5, 2014  

Gold is in backwardation, signifying scarcity, Turk tells KWN

Submitted by cpowell on 05:43PM ET Monday, August 4, 2014. Section: Daily Dispatches
8:40p ET Monday, August 4, 2014

Dear Friend of GATA and Gold:

Gold in London is in backwardation for the first time since May — at least the first time since May for small orders, GoldMoney founder and GATA consultant James Turk tells King World News today. But, Turk adds, gold likely has been in backwardation for longer for large orders, with the market being supplied — and manipulated — by central banks affiliated with the United States.

 

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.