The money generated will depend on the market value at the time of extraction and on licensing arrangements.

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At the same time, extraction sectors like mining and energy production grew just 1.7% from 7.1% in 2010.

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Meanwhile, Providence says its intention is to take the oil from Barryroe to Cork, but that it is a decision that will be made on a commercial basis closer to the time of extraction.

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At the same time, the continuing weakness of extraction sectors is a risk, particularly if slowing global growth puts a dent in commodity prices.

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This Study must include adequate information on mining, processing, metallurgical, economic, and other relevant factors that demonstrate, at the time of reporting, that economic extraction is justified.

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He has worked for the US company, which employs 10, 000 people worldwide in oil extraction and processing, since 1995 and was based in Colombia the whole time.

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It takes time for communities to respond to employment and business opportunities that are presented by extraction projects.

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Further, note that over variable time scales Simon is still correct: it really is true that new technologies of extraction are developed and these increase supply and push prices down.

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