Wednesday, December 31, 2008

Kimberlites

Active exploration for diamondiferous kimberlite pipes is ongoing in northeastern Namibia, where kimberlite indicator minerals (e.g. ilmenite, garnet, chrom-diopside) as well as micro-diamonds have been recovered.

Companies exploring for diamondiferous kimberlites include Motapa Diamonds Incorporation, Mount Burgess Mining N.L and DeBeers. Past exploration of kimberlite pipes within the Gibeon Kimberlite Province was unable to delineate diamondiferous kimberlites due to their off-craton setting. To date, no economic diamondiferous kimberlite pipes have been discovered, but great potential exists on both the Congo and Kalahari cratons.

Tuesday, December 23, 2008

A new national park on Aboriginal land at Cape York

Queensland's second national park (Cape York Peninsula Aboriginal land) was dedicated on 8 August 2008. The new KULLA (McIlwraith Range) National Park (Cape York Peninsula Aboriginal land) is an area of outstanding beauty and biological richness with spectacular escarpments, gorges, waterfalls and rainforests that has been the home of Aboriginal people for thousands of years. It’s jointly managed by the Kulla Land Trust and the Queensland Government.

Thursday, December 18, 2008

Money Market Funds

Money market funds have relatively low risks, compared to other mutual funds (and most other investments). By law, they can invest in only certain high-quality, short-term investments issued by the U.S. government, U.S. corporations, and state and local governments. Money market funds try to keep their net asset value (NAV) — which represents the value of one share in a fund — at a stable $1.00 per share. But the NAV may fall below $1.00 if the fund's investments perform poorly.

Investor losses have been rare, but they are possible.Money market funds pay dividends that generally reflect short-term interest rates, and historically the returns for money market funds have been lower than for either bond or stock funds. That's why "inflation risk" — the risk that inflation will outpace and erode investment returns over time — can be a potential concern for investors in money market funds.

Monday, December 08, 2008

UK losing out to the new members of the EU in attracting FDI

With the expansion of the EU with ten new members in 2004, and more set to join in 2007, foreign investors have a much broader selection of lower-wage markets and skill sets from which to choose. The UK has positioned itself as a mature market, producing higher-value goods and services and with a highlyskilled workforce, and continues to be the leading investment location in Europe, according to the UNCTAD World Investment Report 2006.

In line with its positioning as a high-value market, the UK attracts more European headquarters and R&D projects than any other European country1. The UK's focus is to attract hi-tech companies, and exploit the wider aspects of innovation in a variety of knowledgedriven industries.

Friday, December 05, 2008

French and Italian painting of the 17th century

In Italy, the Counter-reformation helped drive a style of painting that was emotional and direct. Artists again emphasized careful observation of the natural world and looked to the examples of past masters. Their classical approach would leave its mark all over Europe for more than 100 years and, in France, would be institutionalized in the French Academy, founded in 1648. Fueled by the wealth of the Vatican and the spate of construction of new buildings, seventeenth-century Rome offered great opportunities for artists. Domenico Fetti saw the Veil of Veronica when it was exhibited at Saint Peter's in Rome and made it the subject of a moving portrayal of Christ in his suffering.

The French state from the sixteenth to the eighteenth centuries witnessed a form of government based on the absolute monarchy, which reached its apogee under the reign of the Sun King, Louis XIV, from 1643 until 1715. Louis' desire to glorify his dignity and the magnificence of France found expression in a distinctly French style that rivaled the more exuberant Italian form of the baroque. The history and landscape paintings of Nicolas Poussin and Claude Lorrain are characterized by symmetry and clarity of form; the artist's organization of his compositions was to demonstrate the power of reason that pervaded seventeenth-century French culture.