[INFOGRAPHIC] Careers in Mining: How to become a Geologist
Thinking about becoming a Geologist in the mining industry? Let’s divulge deeper into what that entails.
There are generally two types of Geologists--Mine and Production. Each one plays a fundamental role in the planning and executing of a mining project, as well as ensuring that minerals are extracted in the most efficient and profitable manner.
• Related content: 6 Mining Careers with Higher-Than-Expected Salaries
According to MyMajors, typical job duties include:
- Analyzing and interpreting geological data, using computer software.
- Analyzing and interpreting geological, geochemical, or geophysical information from sources such as survey data, well logs, bore holes, or aerial photos.
- Locating and reviewing research articles or environmental, historical, or technical reports.
- Planning or conducting geological, geochemical, or geophysical field studies or surveys, sample collection, or drilling and testing programs used to collect data for research or application.
- Communicating geological findings by writing research papers, participating in conferences, or teaching geological science at universities.
The following infographic breaks down everything you need to know about becoming a Geologist in the mining industry. Find out what they do, where they work and how to become one.
(Source: Mine Staffing Internation)
Lynas revenue jumps 21% as rare earth prices jump
Australian miner Lynas Rare Earths posted a 20.6% rise in revenue in the March quarter as selling prices for the key metals it mines hit record highs amid strong demand, particularly for neodymium and praseodymium (NdPr).
NdPr is used in magnets for electric vehicles and windfarms, in consumer goods like smartphones, and in military equipment such as jet engines and missile guidance systems.
The company said it plans to maintain production at 75% however, as it seeks to continue to meet covid-19 safety protocols and grapples with shipping difficulties. Shares in Lynas fell 6.1% after the results.
“They have faced a few logistics issues, and it would be good to know when they are going to start lifting their utilisation rates a bit,” said portfolio manager Andy Forster of Argo Investments in Sydney.
“Pricing has been pretty strong although it may have peeled back a bit recently. I still think the medium, long-term outlook is pretty good for their suite of products.”
Lynas post ed revenue of A$110mn ($85.37mn) for the three months to the end of March, up from A$91.2mn a year earlier as prices soared.
It said its full product range garnered average selling prices of A$35.5/kg during the March quarter, up from $23.7 in the first half of the financial year. “While the persistence of the covid crisis, especially in Europe, calls for careful forecasts for our business ahead, we see the rare earth market recovering very quickly,” said Lynas, the world’s largest rare earths producer outside China.
Freight demand has spiked during the pandemic, while the blockage of the Suez Canal in March delayed a shipment to April.
Lynas’ output of 4,463 tonnes of rare earth oxide (REO) during the quarter was marginally lower than 4,465 tonnes from a year earlier.