BHP Billiton is offering $140 billion to take over Rio Tinto. Predictably Rio Tinto directors conclude that the offer “significantly undervalues Rio Tinto and its prospects.” Predictably Rio Tinto shares jumped nearly 27 percent. The offer by BHP was to pay a premium of about 14 percent on Rio Tinto’s share price before the 27 [...]
Archive for November, 2007
BHP offers $140 billion for Rio Tinto
Posted in About the news, Investing & Finance on November 8, 2007 | Leave a Comment »
Return a favor by advancing the young and the mining industry
Posted in About the news, Jobs and Salaries, North America, People on November 7, 2007 | Leave a Comment »
Why not? InfoMine has its Careers section with many resumes. I know nobody whose resume is in the database. But I did meet the young man whom I write about here, so why not put my money where my mouth is and see if I can help him. Many helped me when I was his [...]
Canadian dollar and mine salaries soar. Are you getting your fair share?
Posted in About the news, Jobs and Salaries on November 7, 2007 | Leave a Comment »
It surely must be a good time to be employed in the Canadian mining industry. Bookstores and DVD sellers are slashing prices to below the numbers listed in USA dollars. A quick drive across the 49th parallel and you can buy a car in the USA for twenty to thirty percent less than in Canada–and [...]
Obama comes out in defence of mining. Does that make him presidential?
Posted in About the news, North America, People on November 7, 2007 | Leave a Comment »
There is nothing more dangerous for a technical person than to express an opinion about politics. Not that that has ever constrained me. It is just that politicians so seldom do or say anything intelligent relevant to mining. Thus it is with some delight that I repeat this report from Associated Press on Obama and his attitude to mining:
Justice O’Neill warns miners, politicians, and bureaucrats to obey Canadian First Nation treaty law
Posted in About the news, Community relations, Law (Mining), North America on November 6, 2007 | Leave a Comment »
The Honorable Mr. Justice Stephen O’Neill admitted this morning at the Canadian Aboriginal Minerals Association conference Growing Communities in Changing Economies that his family were newcomers to Canada—at least by comparison with the First Nations who have been here for at least 35,000 according to some archaeologists and certainly more than 10,000 years according to attested [...]
Investment Rule 14: Watch out for stock dancing mining company press releases
Posted in About the news, Investing & Finance on November 6, 2007 | Leave a Comment »
Today’s prize for the most irrelevant press release surely goes to Tanzanian Royalty. I apologize for repeating below this utterly bizarre posting, but it intrigues me that somebody could go to the time and trouble to put out such stuff. Makes you wonder what they are doing with regard to things that count. Keep in [...]
Young First Nation miners with the drive and ability to become the elders–and lead Canadian mining into the future
Posted in About the news, Community relations, North America on November 5, 2007 | Leave a Comment »
Balancing Aboriginal communities’ perspectives and industry leaders’ perspectives on the mining industry in Canada was the focus this morning’s opening session of the Canadian Aboriginal Minerals Association conference Growing Communities in Changing Economies. First Nations representatives emphasized the need to implement treaties going back to the 1850s which provided for sharing the resources of the [...]
Canadian Aboriginal Minerals Association starts in Vancouver
Posted in About the news, Community relations on November 5, 2007 | Leave a Comment »
The Canadian Aboriginal Minerals Association conference Growing Communities in Changing Economies begun this morning in VancouverBC. Here are some numbers I noted down from the panel discussions–I have not confirmed the numbers and often I did not pick up all the details, but they are interesting numbers, so here goes:
California mining golden girls: new opportunities for Sutter Creek
Posted in About the news, Gold, Mining history on November 4, 2007 | Leave a Comment »
This item tops Google’s Sunday mining news: The owners of a historic gold mine in the Amador County town of Sutter Creek are putting their company up for sale. Sutter Gold Mining Inc., based in Vancouver, British Columbia, has hired the Toronto investment banking company IBK Capital Corp. to find a potential buyer, merger candidate [...]
Opera reflections on betrayal, assassination, death, and the mining life
Posted in About the news, People on November 2, 2007 | Leave a Comment »
It is late Friday, and here is a true blog posting: personal and little reference to mining, other than that some of the events occurred while I worked on mines and these same thing could befall any miner.