May 17, 2020

[PHOTOS] 12 visualizations of gold: size V.S. value

Gold
Operations
Photos
3D
Admin
2 min
[INFOGRAPHIC] 12 visualizations of gold: weight V.S. value
Whilegoldis synonymous with wealth, its astonishing how such a small amount of the yellow metal is worth so much. Thanks toDemonocracy.info, we can now...

While gold is synonymous with wealth, it’s astonishing how such a small amount of the yellow metal is worth so much. Thanks to Demonocracy.info, we can now see for ourselves the rarity of gold as shown through a series of 3D visualization of gold bullion bars. 

• Related content: [PHOTOS] 5 of the most staggering facts about the Mponeng Gold Mine

Note: these visualization have gold pegged at $2,000 per ounce, which is currently not the case.

Smaller denominations of gold plates: 1 gram, 5 grams, 10 grams, 20 grams, and 1 troy oz of gold.

Larger denominations of gold plates: 50 grams, 100 grams, 250 grams, 500 grams, and 1 kg of gold.

This 400 oz gold bar, at $2,000 per oz gold, is worth the $800,000 cash beside it. The gold bar is extremely heavy, weighing more than three full milk jugs.

Here’s what one tonne of gold looks like. At $2,000 per oz, it’s worth $64.3 million.

Gold is so heavy that the suspension of an average truck would break if it held anymore than pictured above. Even if the truck’s suspension broke, the load of gold in the back could buy 2,660 brand new trucks at an MSRP of $40,000 per truck.

Here’s 10 tons of gold compared to 100 tons of the yellow metal.

This semi-truck is carrying the maximum load it can legally carry, which is about about 25 tons. Here there are 24.88 tons of gold, worth $1.6 billion.

The Northrop Grumman B2 Spirit Bomber program cost $44.75 billion for a total of 21 units built, which averages to $2,130,952,380 per unit. Shown here is the amount of gold it costs to buy one unit.

Here’s the entire gold reserves of the United States government, which is 8,133.5 tons.

Here’s the world’s gold reserves by government circa 2012. This is slightly outdated, with China and Russia both having significant increases since then.

All gold mined in history, stacked in 400 oz bars. The 166,500 tons here is actually divided into four levels: the bottom level is jewelry (50.5 percent of all gold), the 2nd level is private investment (18.7 percent), the third level is world governments (17.4 percent), and the highest level is other uses for gold such as industry (13.4 percent).

Lastly, we finish off with an image of all of the world’s mined gold in one cube with dimensions of 20.5m. If it was all melted, it would fit within the confines of an Olympic Swimming Pool.

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Jun 29, 2021

Vale invests $150mn to extend life of Manitoba operations

Vale
Nickel
Manitoba
battery metals
2 min
Vale’s $150mn investment in operations at Thompson, Manitoba will extend mine life by 10 years

Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.

Global energy transition is boosting the market for nickel

The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.

“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.

“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”

Vale continues drilling program at Manitoba

Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.

“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.

“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”

The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history.  Mining of the Thompson orebody began in 1961.

“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.

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