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The Fraser Institute survey came out in February. I missed it—so here is a brief summary.

The Fraser Institute Annual Survey of Mining Companies was sent to approximately 4,200 exploration, development, and other mining-related companies around the world.

The top jurisdiction in the world for investment based on the Investment Attractiveness Index is Finland with an overall score of 83.8 (see figure 1). Finland moves up three spots this year to take over as the most attractive jurisdiction in the world for mining investment. Along with Finland, the top 10 ranked jurisdictions are Saskatchewan, Nevada, Manitoba, Quebec, Wyoming, Newfoundland & Labrador, Yukon, and Alaska. Finland displaces Western Australia, which dropped to 5th overall. Saskatchewan moved up 5 spots to rank as the second most attractive jurisdiction in the world for investment. Manitoba moved into the top 10 this year, after ranking 13th last year. Greenland dropped out of the top 10 this year, moving down to 41st along with Sweden, which moved down to 12th. Table 1 illustrates in greater detail the shifts in the relative ranking of the policy perceptions of the jurisdictions surveyed.

When considering both policy and mineral potential in the Investment Attractiveness Index, Malaysia ranks as the least attractive jurisdiction in the world for investment. This is a significant drop for Malaysia which ranked 70th (of 112) in 2013. Also in the bottom 10 (beginning with the worst) are Hungary, Kenya, Honduras, Solomon Islands, Egypt, Guatemala, Bulgaria, Nigeria, and Sudan. Kenya and Bulgaria experienced large drops from 79th (of 112) and 57th (of 112) overall in 2013, respectively.

Next week I am to Guatemala to the Escobal Mine.   Hard to believe it is so low a place to mine when you see that mine.  But then bold leaders are in charge.

Papua New Guinea, with a score of 48, is the jurisdiction with the most room for improvement. Closely following it are Brazil, Argentina—Santa Cruz, Mongolia, and Indonesia, each with scores of 47. The Canadian province with the most room for improvement is British Columbia, with a score of 37. The American states of California, Montana, and Idaho also have significant room for improvement.

Now, now!  British Columbia needs improvement?  Hard to believe, but then there is the hangover of Mount Polley which revealed incompetence and inadequacies still to be addressed.  At least 4,200 companies recognize that.

But maybe it is not all Mount Polley. The survey says this:

After improving its score in 2013, British Columbia’s PPI score dropped noticeably in 2014. BC dropped in the rankings by 10 positions, coming in at an overall ranking of 42nd and having the worst performance of any Canadian jurisdiction on policy alone. The two policy areas significantly hampering BC are uncertainty concerning disputed land claims and uncertainty over which areas will be protected. The sum of negative responses for these two policy factors was 73 percent and 77 percent of respondents respectively. These scores likely reflect the ongoing tensions in the province over land title issues.

Those politician cannot make policy it seems, net alone manage mine reviews.  So be it.  Lots of good potential mine in BC.  Let us hope that next year the scores are different.

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Goldcorp has announced that it will seek to involve more women in mining.  That is admirable.  Here are some of my stories of women in mining.

The bravest woman in mining I met was but twenty-eight.  She was beautiful and bold.  She drove a large truck at a large mine.  I had spent two years testing the idea that if we let the tailings freeze, then placed a geogrid, a geotextile, and a layer of light-weight coke,  we could ride out  over this floating cover.  I did all the calculations possible.  I tested materials in the lab.  I did trial runs.  Eventually the fateful day arrived–let us drive a large truck out and see if the predicted one-meter deformation was correct.

None of the male drivers would volunteer.  Even though the young twenty-year old bragged about high speeds on highways in his convertible.

She demurely said: “If you will come with me, I will try.”

I sat her and her male colleagues down and explained what I believed would happen: the cover would deform and we would see the level of the tailings aligned with the truck windows.  They all blanched.  But we persuaded the health & safety folk to stand by on the shore, ready with equipment to pull us out if I were wrong.  All her colleagues stood by on the shore as well.

Needless to tell the drive was without incident.  All went as calculated and predicted.  She drove with precision and verve.  I was nervous but simulated calm.  I did not like seeing the road sink, the coke bulge, the tailings ooze, the people in anxious, but expectant observation.  She did it, and we returned to shore and general acclaim.  She will always be my hero and heroine.

Another lady truck driver thereafter offered to take me around the mine in her bigger truck.  I did, although I am sure we broke a few rules doing so.  But she drove so gently and was so friendly, who could resist.

At the upcoming conference Mine Water Solutions to be held in Vancouver April 12 and following, Lisa Wade of Goldcorp will give a keynote speech on Goldcorp’s Water Stewardship Strategy.  I will be there—for Lisa is another of my heroes/heroines.  She epitomizes the best of the best.  Enough said–come if only to hear her.  It will be a seminal event.

Those who have read this blog for a long time probably know that my eldest daughter is involved in mining.  Now she works for Geo-logic.  Two weeks hence I will be with her at the Escobal Mine in Guatemala to observe the dry stack—for she did most of the detailed engineering and now is time to peer review its status a year after start-up.

I have written many postings on this blog about women in mining.  No need to repeat what I have previously said.  A summary is this:  I have worked for and consulted to many women in mining.  And still am doing so.  They are without fail great to work for.  There is a tender, gentle toughness that males do not have.  Plus they are far more intelligent than their male counterparts.  It is fun and a challenge to get them the deliverables they need, want, and demand.

Thus I know that Goldcorp is doing the right thing.  We applaud them, even though their recent announcement makes it even more frustrating that I cannot invest in them because of work for them and these blog postings.

Simple: if you are a qualified woman seeking to work in mining, seek out Goldcorp.  You will do well, I am sure.  Let me know how it goes.

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A typical Vancouver Saturday:  cool, overcast, some sunny periods, and much reading.   Then after six pm a bottle of wine and an opera. Here are some of the books I dipped into today–I have been reading some for a while; some are old and should have been finished a long time ago; and some are new.  For I am a dipper, i,e., someone who picks up a book, reads part, and then picks up another to read part, as the fancy & interest turn. (more…)

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The blogger muse prompted by opera & brandy demands release of mental pressure.  Thus a second posting on Mt Polley in one day.  This afternoon, I was asked what the implications of Mt Polley were to mining world-wide.  Some of the answers, unpremeditated, I gave. (more…)

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No posts these past few days as I have been in Huntington Beach with kids and grandkids.  In between family time I have read Dickens’ Bleak House.  Many strange and mad characters in that book.  Victorians all I concluded; until I looked around me in Huntington Beach and saw the following two whose story I tell. (more…)

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It is no secret that I make money off mining.  I work as a part-time civil engineer with a consulting practice that works around the world.  I retired nearly ten years ago, after nearly ten years working on landfills, California earthquakes, and supporting lawyers representing big companies falling foul of law suites.  I have an LLB degree in addition to my civil degrees and was able to use this knowledge to translate technical and engineering issues into winning legal arguments. (more…)

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This picture and the others in this posting were taken by me at Knotsberry Farm in California.
A great place to visit and enjoy a terrifying ride along the raging river of insanity.

If you seek a thorough and intelligent analysis of dealing with uranium mill sites (and particularly the tailings facility) take a look at the following–it is an amazingly comprehensive document–and should be required reading for all involved in mine management, regardless of whether the mine is uranium, copper, gold, or something else. (more…)

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