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Receivables were a 2018 outflow of $5 million. The 2018 outflow primarily related to an increase in VAT receivables at the Burkina Faso mine sites (Karma and Hounde) of $5 million and the recognition of $9 million for the current portion of the Tabakoto sale receivable. This was offset partly by a reduction in other receivable balances during the year across the Corporation. Inventories were a 2018 outflow of $17 million relating primarily to a build up of stockpiles at Hounde which totalled $29 million at year end. This was offset by a decrease at Ity where mining operations is winding down, as well as Karma where inventory levels are being reduced to optimised levels. Prepayments are a 2018 $5 million inflow due to a prepayment for strategic spares at Hounde that was in place at year end 2017. These were received in 2018 and are accounted for as part of consumable inventory.Trade and other payables are a $7 million inflow 2018. At year end there was a $12 million outflow at Karma due to a change in supplier terms from last year and $13 million outflow in payables at Agbaou which was the result of the site having a logistical issue in paying a key supplier in the prior period. This was offset against an inflow in trade payables of $22 million across Ity and Hounde.
Pacala equates the challenges confronting Climeworks and Carbon Engineering to what the wind- and solar-power industries faced in the 1970s and ’80s, when their products were expensive compared with fossil fuels. Those industries couldn’t rely on demand from the private sector alone. But some policymakers perceived tremendous environmental and public benefits if they could surmount that hurdle. Government investments in research, along with state and federal tax credits, helped the young industries expand. “Wind and solar are now the cheapest forms of energy in the right locations,” Pacala says. “The return on those investments, if you calculated it, would blow the doors off anything in your portfolio. It’s like investing in early Apple. So it’s a spectacular story of success. And direct air capture is precisely the same kind of problem, in which the only barrier is that it’s too costly.”
When founded in 1977 by Hennie Booysen, Booysen Bore focussed mainly on exploration drilling. In 1990 the family business expanded its services to blast-hole drilling and continued to grow into the successful business and major role player in the Northern Cape’s mining environment that it is today. Part of the Mogs (Mineral, Oil & Gas Services) Group, Booysen Bore’s offering includes Down-The-Hole (DTH), percussion, exploration and core drilling as well as in-pit de-watering drilling services.
In November, five people were killed when a car ploughed into a crowd of children outside a north-eastern Chinese nursery.
There is also some evidence that MC protects against prostate cancer, a malignancy associated with a history of STIs (see reviews [9, 54, 86]).
History notes many men who were trying to improve bit technologies at the time, but Hughes and business partner Walter B. Sharp made it happen. Just months before receiving a patent in 1909, they established Sharp-Hughes Tool Company in Houston.
Secoroc’s comprehensive range of top hammer bits match the T-WiZ drilling rods with the added benefit of being easier to release and change.
“No one is to blame, it’s just part of farming – we have always been at the mercy of the weather.
The 2018 exploration program amounted to $9 million, totaling 49,600 meters of drilling, focused mainly on the Le Plaque area and Daapleu deposit, resulting in:
A few months ago Atlas Copco launched the underground app for Ipads and Android reading pads. Now the app is also available for smartphone devises!
- Sustaining capital decreased from $0.3 million to $0.07 million as the heap leach operation winds down.
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