GineersNow Engineering Magazine November 2016 Issue No 009
GineersNow Engineering Magazine November 2016 Issue No 009 Caterpillar Inc: A look at the company's social impact. Exclusive interview with Jean Savace, Vice President and Chief Technology Officer of Caterpillar Inc. Exclusive: Mining industry, social good, philanthropy, CSR, social impact, social innovation. Special Feature Stories: HVACR, Oil & Gas, Construction, Heavy Equipment, Machinery, Tools, Civil Engineering, Mechanical, Electrical, Plumbing, MEP, Water, Wastewater, Renewables, Energy, Petroleum, Heavy Equipment, Rental Equipment, Contractors, EPC. Country Focus: United States, Canada, United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, United Kingdom, Singapore, Hong Kong, Philippines, Malaysia, Indonesia, India, Australia More engineering stories at https://www.gineersnow.com/topics/magazines
GineersNow Engineering Magazine November 2016 Issue No 009
Caterpillar Inc: A look at the company's social impact. Exclusive interview with Jean Savace, Vice President and Chief Technology Officer of Caterpillar Inc.
Exclusive: Mining industry, social good, philanthropy, CSR, social impact, social innovation.
Special Feature Stories: HVACR, Oil & Gas, Construction, Heavy Equipment, Machinery, Tools, Civil Engineering, Mechanical, Electrical, Plumbing, MEP, Water, Wastewater, Renewables, Energy, Petroleum, Heavy Equipment, Rental Equipment, Contractors, EPC.
Country Focus: United States, Canada, United Arab Emirates, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman, United Kingdom, Singapore, Hong Kong, Philippines, Malaysia, Indonesia, India, Australia
More engineering stories at https://www.gineersnow.com/topics/magazines
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NICKEL VALUE<br />
TO LESSEN<br />
IN 2017, BMI<br />
REPORTS<br />
Photo by flickr<br />
Experts predict the decline in nickel value in the<br />
next 3 months.<br />
Business Monitor International<br />
or BMI released a research<br />
report indicates that the nickel<br />
market will loosen in 2017.<br />
They also predicted that refined<br />
nickel prices will reach $10,000<br />
- $11,000 per tonne in the<br />
upcoming quarter. This is due<br />
to the shortage of 3.1 thousand<br />
tonnes from the Philippines and<br />
other contributing factors from<br />
high Chinese imports. Analysts<br />
commented that the best price<br />
that nickel would reack then<br />
would be at $12,000 - $13,000<br />
per tonne.<br />
That said, BMI forecasts that<br />
as soon as 2017 starts, the<br />
value will start to lessen as<br />
the global market moves into<br />
27.2 thousand tonnes over.<br />
The study also mentions that<br />
China’s consumption will grow<br />
lesser in the next year for two<br />
reasons. First, nickel pig iron<br />
from Indonesia serves as a<br />
more economic alternative as<br />
compared to refined nickel.<br />
Second, the effects of the losing<br />
hype from the housing stimulus<br />
in 2017 will cause deterioration<br />
in steel production causing it to<br />
revert to its previous lows.<br />
Photo by flickr<br />
QUEBEC SAYS<br />
‘HELLO’ TO THEIR<br />
FIRST DIAMOND<br />
MINE<br />
Curtains rise as Quebec welcomes their first<br />
diamond mine.<br />
Photo by Imgur<br />
Stornoway Diamond<br />
Corporation has announced<br />
the opening of their Renard<br />
diamond mine in Quebec<br />
last week. Although the<br />
mine has already been in the<br />
production stage since mid-<br />
July, it wasn’t until Thursday,<br />
Oct 20, when they opened<br />
their curtains officially. The<br />
ceremony was attended by<br />
Quebec’s minister of energy<br />
and natural resources,<br />
Pierre Arcand, who is also<br />
responsible for the plans<br />
of revitalizing northern<br />
Quebec’s infrastructures,<br />
Plan <strong>No</strong>rd.<br />
The ceremony marks the 20<br />
years of work on the Renard<br />
Project, which started from<br />
a green-field exploration to<br />
a full operational mining<br />
system for diamonds. Other<br />
dignitaries that attended the<br />
event were Richard Shecapio,<br />
Chief of the Cree Nation of<br />
Mistissini, Manon Cyr, mayor<br />
of Chibougamau, Jean<br />
Boucher, member of the<br />
Quebec National Assembly<br />
for Ungava, and Steve<br />
Gamache, mayor of Chapais.<br />
The mine is situated 250km<br />
north of the Cree Nation of<br />
Mistissini and 350km north<br />
of Chibogamau in northcentral<br />
Quebec.<br />
52<br />
NOVEMBER <strong>2016</strong><br />
Mining <strong>Engineering</strong> and Its Importance