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Colin Bennett

Barrick Gold takes 'rare' opportunity with $7.3B bid for Equinox Minerals - 0 views

  • Barrick said Monday it wants to take advantage of a “rarely” available opportunity to buy a well-established, large copper miner by acquiring Equinox and beating a rival hostile bid for the company.<Chinese-owned Minmetals Resources submitted in its own hostile bid valued at $6.3 billion earlier this month, but withdrew its bid early Tuesday.
Colin Bennett

Superconductivity and the environment: a Roadmap - 0 views

  • Energy. The Equinox Summit held in Waterloo Canada 2011 (2011 Equinox Summit: Energy 2030 http://wgsi.org/publications-resources) identified electricity use as humanity's largest contributor to greenhouse gas emissions. Our appetite for electricity is growing faster than for any other form of energy. The communiqué from the summit said 'Transforming the ways we generate, distribute and store electricity is among the most pressing challenges facing society today.... If we want to stabilize CO2 levels in our atmosphere at 550 parts per million, all of that growth needs to be met by non-carbon forms of energy' (2011 Equinox Summit: Energy 2030 http://wgsi.org/publications-resources). Superconducting technologies can provide the energy efficiencies to achieve, in the European Union alone, 33–65% of the required reduction in greenhouse gas emissions according to the Kyoto Protocol (Hartikainen et al 2003 Supercond. Sci. Technol.16 963). New technologies would include superconducting energy storage systems to effectively store power generation from renewable sources as well as high-temperature superconducting systems used in generators, transformers and synchronous motors in power stations and heavy-industry facilities. However, to be effective, these systems must be superior to conventional systems and, in reality, market penetration will occur as existing electrical machinery is written off. At current write-off rates, to achieve a 50% transfer to superconducting systems will take 20 years (Hartikainen et al 2003 Supercond. Sci. Technol.16 963).
Colin Bennett

Zambia's Lumwana mine to raise copper output - 0 views

  • LUSAKA, Nov 25 (Reuters) - Zambia's Lumwana Mining Co. Ltd., a unit of Equinox Minerals Ltd. (EQN.TO)(EQN.AX) plans to raise copper output through greater efficiency and also plans to build a uranium plant, its managing director said on Wednesday. Adam Wright, who took over from Harry Michael a fortnight ago, said at a news briefing in Lusaka that the company would in 2010 ramp up production to 170,000 tonnes from a projected 110,000 this year.
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