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The gold rush has resurfaced in northwest Queensland 30 years after being abandoned as mining companies profit from soaring prices for the precious metal. Key points: Exploration and mining has resumed in the gold-rich Cloncurry area of ​​northwestern Queensland The gold industry contributes $23 billion to the Australian economy in 2021 Australia is the world’s second largest gold producer, lagging behind China The Cloncurry region was once home to a thriving gold mining industry, but was almost deserted when gold prices fell below $240 an ounce in 1991. But now, with spot prices more than 10 times higher, the area known as the Golden Mile is starting to come to life, with new players on the field hoping it will once again live up to its reputation. Director of mineral resources advice and promotion at Geoscience Australia, Allison Britt, said gold was seen as a “safe haven” in difficult times. “Gold has been one of the commodities throughout history that has value for humans,” he sai

The inaugural James Webb Space Telescope image has opened a new chapter of cosmic exploration, but astronomers say the observatory’s most important discoveries may be ones they haven’t yet imagined. Distant colliding galaxies, gas-giant exoplanets, and dying star systems were the first celestial subjects to be captured by a billion-dollar observatory, putting their various infrared imaging capabilities on a colorful display and proving that the telescope works as designed. Webb’s gallery of early photographs and spectrographic data, which astronomers liken to a mere “target practice” as they prepare telescopes for operational science, also showcases some of the areas of investigation planned for the future. The competitively selected research agenda includes exploring the evolution of early galaxies, stellar life cycles, the search for habitable planets orbiting distant suns, and the composition of moons in our own outer solar system. But Webb’s most revolutionary find, 100 times more

Scientists were impressed, excited, amazed, and every space enthusiast was stunned when the National Aeronautics and Space Administration (NASA) on Tuesday unveiled the clearest image from outer space ever seen. One scientist even shed tears. The five images come from the largest infrared telescope ever launched into space, the James Webb Space Telescope (JWST, Webb for short). Webb has been orbiting the Sun since taking off from French Guiana on December 25, 2021, and the stunning full-color image is just the start of what to expect from the telescope in the next two decades. The images open our eyes to a faintly dead star, called the Southern Ring Nebula, which stretches over a black background of space with glowing red and blue colors, with a shimmering star in the center, and to the Carina Nebula. —which looks very much like a rugged mountain range with a blue night sky with young stars shining all over the area. “Webb will enable major advances in the study of objects at multip

If Millennials’ lifestyle subsidies are to come back, it could take years. Derek Thompson, staff writer at US magazine Atlantic observed last month that “for the foreseeable future, metro residents will have to live life the old fashioned way: by paying the real cost.” David Rohrsheim lived his early years of pricing strategy as a “nerd” in San Francisco in 2010, then flooded with new apps created for the iPhone, before bringing Uber to Australia as the country’s first local boss. Across the start-up space, the massive, free discounts that once lured people to new consumer goods are less common. Credit: iStock “You are constantly a part of beta testing for the future,” Rohrsheim said by email. “Developers can reach critical mass in San Francisco quickly and know if their idea is a good one. Many don’t, but that’s half the fun.” Back then, says Rohrsheim, about three-quarters of the world’s venture capitalists were based in the city’s Dunes Road, which has become a metonym for the ind