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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 looking at [...]

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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 [...]

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