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ENERGY INDUSTRY NEWSLETTER
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23 JANUARY 2017
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Chance for Gas to Play Bigger Role in Sustainable Energy Future for S-E Asia
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Gas is currently cheap and should be used in preference to coal until South-east Asian nations move towards more environmentally friendly energy production. |
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Richard Spencer, President & CEO, U3O8 Corp.
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"In regards to Argentina’s current mining industry, alignment is key. We are aligned with the government’s focus on clean energy from both the nuclear perspective and renewables through vanadium for industrial-scale energy storage potential: energy storage is fundamentally important to intermittent sources of power like solar and wind. We are also hugely positive about the amount of support that we are receiving inside the country from the local communities, the government and the nuclear industry. This support is crucial for the development of a successful business in the mining sector."
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Québec Mining 2016
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Positive evolution would be the best way to describe the development of Québec’s mining industry over the past several years. The prestigious annual survey of mining companies, conducted by the Fraser Institute, perfectly reflects this trend, with Québec gradually improving its appeal as an investment destination for the industry: from 24th in the world in 2013, to 10th in 2014, to 8th in 2015.
Several developments have contributed to that. On top of the favorable tax regime with incentives for exploration, the accomplishment with the biggest impact was the adoption of Bill 70, “an Act to amend the Mining Act,” which cleared the waters for many potential investors.
Keeping these facts in mind, we arrive in present-day Québec, a mining jurisdiction traditionally known for its exceptional gold and iron ore reserves situated in the north of the province in regions such as Abitibi-Témiscamingue (gold), and the Labrador Trough (iron ore). While iron ore is still not recovering from the crisis, healthy gold prices and a favorable USD/CAD exchange rate have provided for a good 2016 for many Québec miners.
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GBR is back in Peru working on a new report on Peruvian mining industry. The report will be published in August issue of Engineering & Mining Journal. Get in touch with Alfonso Tejerina for more information: alfonso@gbreports.com
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Peru Mining, British Columbia Mining, Singapore Aerospace, Western Australia, MACIG
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