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Archive for February, 2010

   The Chilean 8.8, three-minute long earthquake disrupts Chile’s copper supplies and this may lead to an increase in the price of copper.  A report states:  (more…)

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A Social License to Mine does not imply social peace.  There appears to be much confusion on these two concepts –  see this link which states:

We are not opposed to mining itself, but to its consequences, starting with the social conflicts that have left our families divided,” Maudilia Cardona, a local leader in the municipality of San Miguel Ixtahuacn, where the Marlin mine operates, told IPS. (more…)

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 If you can wade through the convoluted rubbish about fifty- and sixty-year cycles proposed by Russians with unpronounceable names, you may find at the very end of the posting at this link, some reasonable insight on junior gold mining companies in Vancouver.  But let me warn you: the going is tough when the author Ian Gordon waxes unlyrical about his Russian Religion.  Here is a sample: (more…)

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Travelling around Guatemala, I have been reading a book called The Black Swan – The Impact of the Highly Improbable by Nassim Nicholas Taleb.  After the economic meltdown of the past year or so, most of us are now more familiar with the concept of a black swan than before.  In short a black swan is a highly improbable event that changes everything.  Nassim notes these three characteristics of a black swan: (more…)

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   I should write something intelligent about the mining industry in this blog: smart, insightful, incisive comment.  But I choose instead to comment on recent reports of people being kicked of flights because they are “too fat to fly.” (more…)

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I have just spent the past two weeks travelling around South Africa and talking to its mining people.  This is obviously not the country I last visited nineteen years ago.  Today there are friendly people providing services at every shop and kiosk.  There is a happy mix of people in every office I entered and a happy group of young engineers and scientists ready to take over as their elders leave off.   The people are more friendly than every before.  (more…)

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   The past week has been spent in Illovo, Johannesburg, Gauteng, South Africa (at least I think that is the correct string of names to pinpoint the location.)    Yesterday I returned to Westdene where, in 1973, I bought a house for R10,000, sold in 1979 for R45,000, and which today is worth R1.3 million–the impact of inflation rather than upgrading.  Today I went to Valhalla near what was called Pretoria. (more…)

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Today’s report on the battle to nationalize South Africa’s mine states in part:

De Beers, which mines diamonds in Botswana and Namibia in partnership with the governments of those countries, “seems to be refusing that the people of South Africa benefit from mining of diamonds,” the ANC Youth League said in a statement yesterday. (more…)

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“I would also encourage increased sharing of objective information concerning the ore body, and a progress report on the steps necessary to realize the dreams of both Mr. Stanfield and his investors.” (more…)

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The headline in the Star, a venerable old Johannesburg newspaper, is about the fight between the Minister of Mines who says “No nationalization in my lifetime,” and the young bucks calling her a liar and accusing her of telling them one thing in private and another in public.  (more…)

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