Monday, November 1, 2010

Geology.com News - 9 Topics

Geology.com News - 9 Topics

Link to Geology News

MolyCorp Rare Earth Minerals Mine Update

Posted: 31 Oct 2010 10:56 PM PDT

Mark Smith, CEO of MolyCorp, owner of the Mountain Pass Mine that used to provide most of the world’s rare earth minerals, gives his perspective on rare earth element prices and describes progress at getting the Mountain Pass mine back into production. Video below by CNBC.


Haiti Earthquake Fault Still Under Great Strain

Posted: 31 Oct 2010 10:50 PM PDT

“The fault initially thought to have triggered January's devastating earthquake in Haiti is likely still under considerable strain and continues to pose a significant seismic hazard, according to a study published online in Nature Geoscience Sunday.” – Quoted from the USGS news release.

The Real Value of Natural Gas Acreage

Posted: 31 Oct 2010 10:36 PM PDT

How much is an acre of natural gas shale rights worth? Perhaps the best way to determine that is to calculate how much the big companies pay when they buy assets from one another. Shouldn't they have a better handle on the value of the gas than just about anyone? Sometimes the prices will surprise you. An article in Daily Worth looks at big transactions and sees prices of $10,000 and $12,000 per acre in the Eagle Ford. That could be considered a “retail price” and when they buy it from a landowner they expect to pay a lower “wholesale price”.

Beverly Hills Worried About Subsidence

Posted: 31 Oct 2010 10:33 PM PDT

A plan to build a subway tunnel under the Beverly Hills High School and community residences has lots of people there worried about subsidence and other problems.

Prehistoric Human Settlement at High Altitude Found

Posted: 31 Oct 2010 10:24 PM PDT

“The world’s earliest known high-altitude human settlement, dating back 49,000 years, has been found buried under volcanic ash in the mountains of Papua New Guinea.” – Quoted from the University of Queensland news release.

Land Ownership Problems as Papua New Guinea Anticipates Natural Gas Projects

Posted: 31 Oct 2010 10:21 PM PDT

Paupua New Guinea has a wealth of natural gas resources and could bring in billions per year as they are developed. The challenge there could be developing good lease and royalty arrangements with thousands of people who own very tiny plots.

Volcanoes, Phytoplankton and Salmon Populations

Posted: 31 Oct 2010 10:01 PM PDT

The idea that phytoplankton blooms triggered by ash from the Kasatochi Volcano in 2008 were responsible for an abundance of salmon in 2010 is getting serious debate.

Superconducting Levitation

Posted: 31 Oct 2010 10:01 PM PDT

Here are a few videos from the University of Oslo that show strong magnets levitating above liquid nitrogen-cooled superconductors.

Bolivian Lithium to Power Electric Cars

Posted: 31 Oct 2010 01:18 PM PDT

Most of the electric cars being built today need lithium batteries to operate. Bolivia, one of the poorest nations in the world, has about 40% of the world’s lithium resource but needs technology, expertise and investment to develop their lithium industry.

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