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 [...]
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 »
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 [...]
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.
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]