2016 Volume 66 Issue 3 Pages 161-189
On early 2016, the BCOM (Bloomberg Commodity Index) seems to pass over the bottom where the value was nealy equal to the one recored on middle 2008. Many remarkable results have been reported, however, in the explolation and production fields of minerals and energy resources as follows: 1) the indicated resources became almost two times in the Waterberg PGM project, South Africa, 2) the production of copper cothod started at the Antucoya mine, Chile, 3) the field development plan was approved for the Culzean high pressure and high temperature gas condensate field in UK North Sea, 4) it commenced oil production from Lianzi field situated in a unitized offshore zone straddling Angola and the Republic of Congo, 5) the North West Shelf Project has made a final investment decision on the Greater Western Flank Phase 2 gas fields development project off the north-west coast of Australia, 6) Japanese companies joined exploration projects opareting in offshore oil and gas fields, NE Brazil, and 7) the official opening was held at the Maules Creek coal mine, Australia. A long term LNG sale and purchase has been signed using U.S. Henry Hub natural gas-linked prices, and other following agreements adopted the system. In the geothermal development, offering a type of insurance has been begun in order to ease the concern of hot springs operators about the impact of new geothermal power stations.