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Archive for March, 2008

A little self-promotion if you will indulge me.  I could, however, claim that this posting is to facilitate you finding information that may be of value to you.  Regardless, I note here that I have just posted at this link a longish piece Acid Rock Drainage Management Plan.   The impetus for this peice came from a dinner discussion and an SME presentation on a promised INAP wiki on the whole of acid rock drainage and management.  They will be a while at their magnus opus, so here is the benefit of individuality and speed.  But never forget that the the Institutes of Justinian, as well as the King James bible were generated by a committee. 

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09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0

Originally uploaded by pedro.custodio

At last week’s PDAC, the e3 Environmental Excellence in Exploration Award was presented to FONDS RESTO-ACTION NUNAVIK, a Quebec-based initiative that is raising funds for the remediation of abandoned exploration sites in the Nunavik region of the province. André Gaumond, president of VIRGINIA GOLD MINES, spearheaded the initiative and is managing the program.

He would not remember me, but I met him once in an old building in Quebec City. I had gone to look at the Eleonore deposit for a US company considering a bid–the one that was won by Goldcorp. The one they paid $600 million for.

Two or so years later, I listened to him talk about his Nunavik activities at a conference in Vancouver. He is passionate about this. And we applaud his passion. Virginia Gold Mines continues to explore in Quebec. And I would invest in their success.

I cannot help but wonder if they are eyeing properties in Nunavik. Or is this just the philathropic act of another of those men grown rich? Seems better to me to be cleaning up abandoned Canadian mines than pouring money into corrupt African nations. So we must support this award and encourage him to continue.

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The 2007 Survey Results of U.S. Metal and Industrial Mineral Mine Salaries, Wages, and Benefits gives you the information you may need to determine if your wage or salary is fair; or at least is in line with what everybody else earns.   Here are a few observations and comparisons of income that struck me.

As the news frequently tells, the guys at the very top are making top dollars.  With ten companies reporting, the average 2007 salary for the Chairman of a major mining company was $1.14 million (M). 

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Required reading for anybody in mining at this link:  the full text and supporting exhibits of the “The Report on the August 6, 2007 Disaster at Crandall Canyon Mine.”    The Salt Lake Tribune does a good job of summarizing.  The key difference between Democrats and Republicans is once again in stark view.  Two quotes that establish this:

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Mining-made money news from South Africa, just to prove it is not all power failures.  From the Globe & Mail (I quote and shorten):

Three South African names appear on this year’s Forbes World Billionaireslist: Nicky Oppenheimer, Anton Rupert and mining magnate Patrice Motsepe — this country’s first black billionaire.  Born in Soweto and then trained as a lawyer, Motsepe became the first black partner at Johannesburg’s Bowman Gilfillan law firm before starting a low-level contracting business doing mine work, Forbes.  Motsepe bought low-producing gold-mine shafts in 1994 and turned them profitable “using lean, mean management style”.  Since then he has built $875-million mining conglomerate African Rainbow Minerals, with interests in a wide swathe of minerals: precious metals (platinum and its cousins), nickel, chrome, iron, manganese and coal.

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Mining-made money news from South Africa, just to prove it is not all power failures.  From the Globe & Mail (I quote and shorten):

Three South African names appear on this year’s Forbes World Billionaireslist: Nicky Oppenheimer, Anton Rupert and mining magnate Patrice Motsepe — this country’s first black billionaire.  Born in Soweto and then trained as a lawyer, Motsepe became the first black partner at Johannesburg’s Bowman Gilfillan law firm before starting a low-level contracting business doing mine work, Forbes.  Motsepe bought low-producing gold-mine shafts in 1994 and turned them profitable “using lean, mean management style”.  Since then he has built $875-million mining conglomerate African Rainbow Minerals, with interests in a wide swathe of minerals: precious metals (platinum and its cousins), nickel, chrome, iron, manganese and coal.

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Memorandum of Understanding

Originally uploaded by kyz

Memoranda of Understanding (MOUs) are non-legal agreeements between parties who have reached consensus and now wish to move forward. The most recent MOU relevant to the mining industry is that just signed between the Prospectors and Developers Association of Canada (PDAC) and the National Indian Brotherhood (NIB) acting for the Assembly of First Nations (AFN).

I managed to obtain a copy of the PDAC and AFN MOU (that is a lot of acronyms!) and have posted a copy at this link.

More: I have written a detailed analysis of the MOU and post my analysis at this link.  Here are some key observations I proffer:

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PDAC 2008

Originally uploaded by Top Hand Works

Something amazing happened overnight. No, I do not mean the resuscitation of Hillary. I mean the sudden explosion of information on the PDAC blog. Bravo. This is what blogs are supposed to be: a source of information, perspective, and opinion to entertain and enlighten. PDAC has finally gotten there.

Personally, I prefer Republic of Mining as a source of information on the PDAC.  Stan Sudol avoids the “institutional” tone that plagues official utterances.  Clearly he has been busy:

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Skull – detail of statue of Saint Ambrose

Originally uploaded by grimhund

Alas poor Yorik! Like Saint Ambrose, whose skull we see in the picture, that mighty voice is now dead. But the thoughts remain.  ( A frivolous cartoon shows Hamlet kicking a skull, and proclaming “I said I knew him — I never said I liked him.”)

These weird thoughts are prompted by what I found in pursuit of a statement made during the SME Keynote address that the Catholic Church is anti-mining:  a blog called Save Rapu-Rapu.  There is a long and rambling posting that cannot make up its mind to support mining or attack mining. But it contains some fascinating perspectives on the attitude of the Church to mining. I quote and edit:

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San Rafael Mine Headframe

Originally uploaded by RickC

I love heagears or headframes as some call them. Here is a photo I found on Flickr (correct spelling). This is a new (to me) site where you can download from thousands of photos on any subject you can dream up. On the next paper and e-version of Mining.com you will find more of my musings on headgears and/or headframes. Enjoy.

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