Feeds:
Posts
Comments

Archive for the ‘Gold’ Category

An ordinary weekend preceding a Monday holiday.  And yet extraordinary if you think hard about it.

Read Full Post »

The draft report by the EPA on potential mining impacts on Bristol Bay by the Pebble Mine or any of the other seven potential mines in that part of Alaska is published.  Here is a link to one report thereon—there are hundreds of news items, so maybe look for others as well if the topic [...]

Read Full Post »

Always on the lookout for mining scams, I came across the news report repeated below.  This Californian scammed an elderly couple of $5 million promising to extract gold from abandoned mines.  I can never quite understand how somebody who is smart enough to accrue so much money, can be so stupid as to part with it [...]

Read Full Post »

There are conventionally 2,080 work hours in a year.  Thus somebody earning a wage of $20 an hour gets the equivalent of a salary of about $42,000.  Considering the mine manager makes about $100,000 to $150,000 a year, it is interesting to take a look at actual wages paid to miners in the United States [...]

Read Full Post »

Before coming to Santiago, I had thought of Chile as a place of copper mines.  Today I learnt that gold was and is a major mined product of Chile.  Today I lunched with two young geologists exploring the hillsides above an old placer deposit which, they tell me, financed the founding of Santiago and ultimately [...]

Read Full Post »

I do not know if the following is true:  my father used to say that the only person on the mine who is assured of a new facility is the mill manager.  The reason my father gave is this: when you rework the concrete foundations of the mill you recovery so much gold that it [...]

Read Full Post »

Mike Gowan of Golder Associates in Australia has enabled me to post at this link a PowerPoint presentation of a talk he gave earlier this month in South Africa.  At the link is the PowerPoint in pdf format.  It is a big file and may take time to download, but persist, for the wait is worth the reward once you [...]

Read Full Post »

Pebble Mine and hence Anglo American may not be a prudent investment at present.  I have been wrong before in predicting the rise and fall of mine share prices, so please do not take the following as investment advice.  See this for what it is: the ruminations of cantankerous old blogger. 

Read Full Post »

The golden rule of investing in a junior mining company is to ask and satisfactorily answer the question: who owns & runs the company?  In reality, investors go for juniors because their story is simple; the time-line to profit short; and there is something exotic & mysterious about their ore body.

Read Full Post »

Most mines have a place where the miners eat.  Let us celebrate the cooks at these places by telling of the many fine meals we have enjoyed in these mining canteens. In celebrating cooks at mining canteens, I also seek to describe a job in mining that most do not write about.  If you like [...]

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 98 other followers