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Country Analysis Brief: South Africa

May 5, 2015 Comments off

Country Analysis Brief: South Africa
Source: Energy Information Administration

South Africa’s energy sector is critical to its economy, as the country relies heavily on its large-scale, energy-intensive coal mining industry. South Africa has limited proved reserves of oil and natural gas and uses its large coal deposits to meet most of its energy needs, particularly in the electricity sector. Most of the oil consumed in the country, used mainly in the transportation sector, is imported from Middle East and West African producers in the Organization of the Petroleum Exporting Countries (OPEC) and is locally refined. South Africa also has a sophisticated synthetic fuels industry, producing gasoline and diesel fuels from the Secunda coal-to-liquids (CTL) plant and Mossel Bay gas-to-liquids (GTL) plant. The synthetic fuels industry accounts for nearly all of the country’s domestically produced petroleum as crude oil production is very small.

USGS — Recent Trends in Cuba’s Mining and Petroleum Industries

April 2, 2015 Comments off

Recent Trends in Cuba’s Mining and Petroleum Industries
Source: USGS
From press release:

Cuba is among the top 10 producers of cobalt and nickel and has significant other mineral and petroleum resources, according to a new U.S. Geological Survey publication.

The report and accompanying map highlight the mineral resources available in Cuba, as well as detailing locations of petroleum exploration and development. The map also identifies mines, mineral processing facilities and petroleum facilities as well as information on location, operational status and ownership. It also addresses the current status of mineral industry projects, historical developments and trends of the Cuban economy with an emphasis on mineral industries and the supply of and demand for Cuba’s mineral resources.

Annual Coal Report 2013 (released January 2015)

February 10, 2015 Comments off

Annual Coal Report 2013 (PDF)
Source: Energy Information Administration

This report presents annual data on U.S. coal production, number of mines, productive capacity, recoverable reserves, employment, productivity, consumption, stocks, and prices.

Value of U.S. Mineral Production Increases Despite Lower Metal Prices

February 6, 2015 Comments off

Value of U.S. Mineral Production Increases Despite Lower Metal Prices
Source: USGS

The estimated value of mineral production increased in the United States in 2014, despite the decline in price for most precious metals, the U.S. Geological Survey announced today in its Mineral Commodity Summaries 2015.

The estimated value of mineral raw materials produced at mines in the United States in 2014 was $77.6 billion, an increase of 4.6 percent from $74.2 billion in 2013. U.S. economic growth supported the domestic primary metals industry and industrial minerals industry, however, weak global economic growth and the strong U.S. dollar limited U.S. processed mineral exports, which decreased to $108 billion in 2014 from $129 billion in 2013. Meanwhile, low-priced metal imports increased during most of 2014.

The annual report from the USGS is the earliest comprehensive source of 2014 mineral production data for the world. It includes statistics on about 90 mineral commodities essential to the U.S. economy and national security, and addresses events, trends, and issues in the domestic and international minerals industries.

UK — Resource nationalism

January 20, 2015 Comments off

Resource nationalism
Source: Cabinet Office

This paper explores resource nationalism, particularly for energy and metal and mineral supplies, and the potential implications for the UK.

Resource nationalism is defined as anti-competitive behaviour designed to restrict the international supply of a natural resource. Population growth, the uneven worldwide distribution of resources, and governance issues can lead to resource nationalism.

Resource nationalism is likely to have a greater effect on global terms of trade when a natural resource is only produced in few countries. In these markets, countries can affect global prices for raw materials and have most to gain from resource nationalism. In these cases, there is potential for the main producers (companies or countries) to act together to manipulate global prices.

The risk of resource nationalism may be higher for some lesser-known metals and minerals than resources such as oil, coal and gas.

CRS — Conflict Minerals and Resource Extraction: Dodd-Frank, SEC Regulations, and Legal Challenges (October 15, 2014)

October 20, 2014 Comments off

Conflict Minerals and Resource Extraction: Dodd-Frank, SEC Regulations, and Legal Challenges (PDF)
Source: Congressional Research Service (via Federation of American Scientists)

Two sections of the Dodd-Frank Wall Street Reform and Protection Act (Dodd-Frank) require that the Securities and Exchange Commission (SEC or Commission) issue regulations to make public the involvement of U.S. companies in conflict minerals and in resource extraction payments. Supporters of the Dodd-Frank conflict minerals statute and the SEC implementing rule believe that such disclosures could have an impact on the amount of violence involved with the mining of conflict minerals. Opponents of the statute and rule argue that they require disclosures that are arbitrary and capricious and that some of the required disclosures violate the First Amendment guarantee of freedom of speech. Supporters of the resource extraction statute and the SEC implementing rule believe that they are needed to achieve the goal of the transparency of payments made by resource extraction issuers to governments in order to foster reform and anticorruption and to improve the tax collection process. Opponents believe that they are arbitrary and capricious and violate the First Amendment. Legal challenges to the statutes and regulations have occurred, based primarily on administrative law and First Amendment grounds.

New From the GAO

October 16, 2014 Comments off

New GAO Reports
Source: Government Accountability Office

1. Climate Change: USDA’s Ongoing Efforts Can Be Enhanced with Better Metrics and More Relevant Information for Farmers. GAO-14-755, September 16.
http://www.gao.gov/products/GAO-14-755
Highlights – http://www.gao.gov/assets/670/665809.pdf

2. Specialty Metals: DOD Dissemination of National Security Waiver Information Could Enhance Awareness and Compliance with Restrictions. GAO-15-133, October 16.
http://www.gao.gov/products/GAO-15-133
Highlights – http://www.gao.gov/assets/670/666533.pdf

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