On August 5, 2010, the earth opened in northern Chile and swallowed 33 miners. For 69 days the men were caught half past twelve miles to bottom. The miners remained strong and more than two months later, all 33 men were picked up. The rescue was viewed by more than one billion people, so many of them a sense of hope that the miracle is still possible.
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The Chilean mining accident that the attention of the world late in 2010 conquered provides a relevant story of how, through the use of technology, safety efforts can be strengthened in various sectors, including construction. In particular, for remote monitoring technology could prove to be beneficial for the contractors who work under extreme and difficult circumstances.
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Copiapo, Chile – 33 miners trapped half a mile underground for 69 days, when a part of the mine collapsed, and for 17 days they had feared, were stored in a 24-hour, 20 million U.S. dollars bail and were hailed as national heroes – setting the new world record for the longest time survived underground after a mine accident.
Photo: The last miner to be rescued, Luis Urzua, center, throws a poor Chilean President Sebastian Pinera, right, looks after his rescue of the collapsed mine. Photo by: Alex Ibañez, Chile’s presidential elections Press.
The bailout, which is probably the toughest of its kind in human history, led by Chilean President Sebastian Pinera, who mobilized national resources, earned a high rating and admiration because they demonstrated team spirit and efficiency and resulted in a complete success. Read more
SAN JOSE MINE, Chile miners who were trapped deep underground for 69 days were drawn to the rescue for a Wednesday in a process that was faster than expected and people around the world was transfixed.
The miners rose to the surface in a red, white and blue rescue capsule called “The Phoenix”. By Wednesday noon, 32 of the 33 miners were above ground. As they came to the Chilean newspaper websites of keeping a running score, almost like a sporting event. “Things have gone well as extraordinary so far,” said Health Minister Jaime Mañalich.
Chairman Sebastian Pinera said the rescue would come faster than expected wrap. At the current rate of a surface miner every 40 minutes, the operation could end Wednesday night, he said in a press conference, instead of Thursday as originally expected. Read more
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Copiapo, Chile – When 33 men found alive after 17 days trapped in a deep copper and gold mine, the biggest challenge now, the preservation of their mental health in the months can take to cut a tunnel large enough for them to get out .
Chileans were euphoric Sunday after a small drill bit broke through 2257 feet (688 meters) of solid rock in an emergency refuge where the miners had gathered to reach. The men are soon connected two notes at the end of a probe that rescuers pulled to the surface, announcing in large red letters: “All 33 of us are fine in the asylum.” Read more
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Gold rose to a record above $ 1,436 per ounce on Wednesday to spread the unrest in the Middle East and North Africa of the polished metal safe haven appeal.
Here are some facts about the market and different ways to invest in precious metals.
HOW I invest?
SPOT MARKET
Large buyers and institutional investors generally buy the metal of the major banks. (more…)
The stock market in Asia has increased, resulting in the MSCI Asia Pacific Index to its second weekly advance, the Japanese retailers increased profit forecast and ZTE Corp. reported higher earnings. Seven & I Holdings Co. and Fast Retailing Co. climbed more than 3 percent in Tokyo after their earnings forecasts. ZTE, China’s second largest manufacturer of telephone equipment, rose 3.7 percent in Hong Kong. Samsung Electronics Co. sank 0.8 percent in Seoul that the won approached a record 18 months against the dollar. Canon Inc fell 2.8 percent in Tokyo after Goldman Sachs Group Inc. downgraded the stock. (more…)
Japanese-based Itochu Corporation announced Friday it would acquire a 15% stake in Kalahari Minerals through its Australian subsidiary of Nippon uranium resources. This would Itochu major shareholder Kalahari Resources, which, in turn, is the largest shareholder of Extract Resources. (more…)
