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Archive for November, 2007

Sell or sue NovaGold? What is the value of managerial, fiduciary, and professional incompetence?

Posted in Investing & Finance on November 30, 2007 | 1 Comment »

NovaGold is under attack from the big financial organizations and this is as you would expect.  I refer to a Mineweb report that reads in part: 
Citigroup this week downgraded NovaGold Resources shares from buy to hold, more than halved the target price from US$23 to $10 share, and advised the Vancouver junior company be put [...]

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Costa Rica’s Bellavista Mine Update on Heap Failure

Posted in Environment, Heap leach, Latin America on November 30, 2007 | 1 Comment »

A brief update on the Bellavista Heap Leach Pad.  You may recall that is the “failing” heap leach pad in Costa Rica.  I have added a number of new photos of the failing pad to my longer, more technical writings on the pad at this link. 
These photos show a considerable increase in the movement and slope [...]

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Gambling with Monte Carlo: there are old-fashioned ways to estimate the probable cost of a new mine, but nobody likes them

Posted in About the news, Investing & Finance, North America on November 28, 2007 | Leave a Comment »

This is not a good picture, but it does emphasize the rugged terrain along which new roads are being constructed to the site of the Galore Creek not-soon-to-be project. 

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Fanning the Flames of folly and frustration: more addle-headed thinking from the British about the problems of mining in corrupt places

Posted in Community relations, Mining history on November 28, 2007 | Leave a Comment »

For those interested in the bigger picture of the politics of mining, here is a link to a new publication that makes fascinating reading.  I refer to a new e-publication by War on Want: Fighting Global Poverty.  Their publication is entitled Fanning the Flames.
The publication is not for the faint of heart.  It is gut-hitting, [...]

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Women In Mining: Back as a website, but sadly no blogs

Posted in Community relations, Human relations and mining, People on November 28, 2007 | Leave a Comment »

The first addition to the Blogroll of this blog was Women In Mining.  When we started I THINK MINING, the only other blog related to mining that I found was Women In Mining.  Then one day the blog Women In Mining went off line.  Now I am delighted to receive and announcement from it orginator [...]

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NI 43-101 comes up short at Galore Creek; the engineers saw the crash coming but jumped off the tracks in time

Posted in About the news, Gold, Investing & Finance, North America, Tailings on November 27, 2007 | 1 Comment »

In the October 31, 2006 NI 43-101 Independent Technical Report (ITR) for the Galore Creek project, Hatch writes the following about cost and currency risks associated with the project:
Construction material costs:  current prices for steel, mining and processing equipment are on an upward trend driven by supply and demand.  Although the project budget has been [...]

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And something not to be thankful for: Galore Creek suspension

Posted in About the news, Investing & Finance, North America on November 26, 2007 | Leave a Comment »

The bad news of the Thanksgiving weekend is the announcement that work is to be suspended on the development of Galore Creek due to rising costs and a soaring Canadian dollar.  This is bad news for investors; but by now they should be used to the vagaries of mining projects and the swings of fortune [...]

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What I am thankful for: family & truth, but not mining propaganda

Posted in Community relations, Enviromental on November 26, 2007 | Leave a Comment »

Both the Canadian and United States Thanksgivings are now past and we hurry to the Christmas stores and food table.  This weekend I partied in Huntington Beach, California celebrating Thanksgiving with the kids, grandkids, and diverse friends & visitors.  The Santa Ana winds, blowing fires through Malibu houses, brought us warm, sunny weather that made walking [...]

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Mining Ireland for gold and pleasure

Posted in About the news, Gold, Human relations and mining on November 20, 2007 | Leave a Comment »

Ireland is not a place typically associated with mining. This pictures, however, shows the landscape where a new mine is proposed. Below the picture, I quote from a news report about the proposed mine; the tone is so gentile and civilized and so different from what one normally reads that it is worth [...]

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San Manuel a harbinger of BHP’s plans?

Posted in Mining history on November 19, 2007 | Leave a Comment »

Here is a “personal perspective” on the BHP Billiton bid for Rio Tinto.  This perspective comes from one of my regular (non-public) blog commenters. 
On a personal note, watching the video cast by Marius Kloppers, brought back the pain of watching BHP shut down and dismantle the San Manuel mine and smelter, one of the U.S.’s premier [...]

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