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Archive for the ‘Gold’ Category

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The hall of the parliament building in Ottawa

It does make a difference to your wages if you work on a Canadian metal or diamond or fossil fuel mine.  Here are some numbers to highlight the differences.  I quote from the new CostMine 2014 Survey Results- Canadian Mine Salaries, Wages and Benefits. Here are some average wages by mined commodity in Canadian dollars per hour.  The first number is for metal mines; the second for diamond mines; and the third for fossil fuel mines. (more…)

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Took the grandkids to see the latest Hobbit’s movie today.  Three long hours of fighting orcs and dwarves seeking to get back their gold.  The premise of the movie is that the dwarves mined gold, made & collected gold coins, goblets, and chalices; and lived in a fortress in the hills. Of course much gold did not bring them wealth or peace.  Instead a dragon came, destroyed the town, scattered the dwarves, and went to sleep amongst the gold.  He was happy.  The dwarves sought to regain the gold and an odd jewel that all had sworn on to defend the faith.  It falls to a Hobbit to get the jewel and get rid of the dragon. (more…)

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Every so often a presentation at a conference takes your breath away and leaves you amazed at the ability of the speaker and their colleagues. This happened today as a sat listening to Joel Carrasco of Ausenco present on a paper entitled Development of an integrated mine waste management plan of the metates gold-silver project, Durango and Sinaloa States, Mexico.   To get the paper, you will have to get the proceedings of the Tailings and Mine Waste Management 2013 conference or in due course download the presentation that I refer to from the website of the conference–I told it will take week or two to load pdfs of the presentations. (more…)

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Anglo American has abandoned the Pebble Mine Project in Alaska.  That much was news to me this morning as I boarded a flight to a mine in a wet climate and sensitive place.  By the time we had done the day’s business on this mine and I got to the computer, the blogs and news services were choking with the news.  Very little in the way of comment though, so the way is still open for me to say something. (more…)

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More from the CostMine 2013 Survey of Canadian Mine Salaries, Wages and Benefits.  This time we look at the annual salaries (in thousands of Canadian $) for mainly engineering types in Canadian mines.   Some country-wide averages:

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Underground is the essence of mining.  As a kid of perhaps ten-years old, my father took me a mile down a shaft of the mine where he worked as a mine captain.  Somewhat fearful, I followed him close into the vast space of metal that was the cage.  Down we sped to great noise for what seemed an eternity.  Water seeped and dripped and gushed everywhere.  All was wet.  At last we slowed, stopped, and the great metal doors clanged open.  We emerged into a great hall with dark-rock walls and soaring ceiling.  Everywhere there was metal: rails, ropes, tools, and cocopans. (more…)

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Yesterday in the post just below this post, I bemoaned the fact that there is no general model or method out there to estimate the cost of mine tailings management.  That issue remains valid today.

I have however, been informed that there is a cost model for gold heap leach pads.  It is compiled by Fred A. Leonard.  He currently provide service via his private consulting practice in Winnemucca, Nevada.  Contact me for his phone number.

His model is generally available through CostMine

Incidently, if you want to learn more about heap leach pad design, construction, operation, and closure go to the EduMine course at this link.

Or come to the conference later this year on heap leach pads.  See this link.

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The expensive clothes store at the entrance to our office building is advertising “two hand-made suits for $1,500.”  This tells that the price of gold will decrease a lot more.  For historically the price of gold has been equal to the price of a suit for a well-dressed man.  It cost an ounce of gold to buy a toga for a Roman senator;  it cost ounce of gold to buy the outfit Lord Capulet wore at that fateful ball where Juliet met Romeo; it cost my father $35 for a good suit when he was a miner of gold at $35 an ounce.  Why should I pay twice the price of an ounce of gold for a suit? (more…)

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There is no mine water solution for the Pascua Lama mine in the high Andes of Chile and Argentina.  Here is one report(more…)

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Yesterday I finished a three-day EduMine webcast on Mining Investment – Understand the Risks.  Today I took my own advice to heart and attended a presentation by Luquman Shaheen of Panoro Minerals Ltd on their projects in Peru.  Should I invest?  Should I advise you to invest?  Should we join Hudbay Minerals who own some seven percent of the company in the excitement of new prospects in a mining-potential-rich part of Peru? (more…)

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