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Archive for the ‘Gold’ Category

Browsing on Friday through the blogs on mining, I came across this report: With gold prices climbing to ever-greater heights and many analysts expecting the momentum to gain still further, investing in gold mines would seem like a logical step forward. For countries rich in precious metals such as Haiti, the opportunity to cash in gold [...]

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To end the work-week, here is the knottiest problem I faced this week.  Maybe the readers of this blog can help solve the problem!  The issue: how to design a heap leach pad in a cold climate?

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     If you are a gold-bug or if you simply delight in stories about the sidelines of gold, then you must go and read an article in the New Yorker of October 10, 2011.  Here is a sample of the story:

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If you tour by Google Maps that part of South Africa where I grew up (mainly the East Rand around Brakpan and Springs) you will not see the many slimes dams that I knew and played around.  They are long since gone—reworked for gold and uranium and consolidated into a mega-slimes dam that I recall is [...]

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Wild swings in the stock markets and economic woes in the air.  I wondered how these affect mining.  Obviously gold will go up and up.  Maybe oil sands products will go down and down.  What of the demand for copper, platinum, uranium and other mined products that go into things people consume? 

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Is it possible to loose money mining gold?  Nobody wants to loose money mining gold.  In the sphere of lose journalism, it is possible to loose money mining gold.  Here is a part of one report on a company that “lost” money mining gold.

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    Growing up on the East Geduld Mine, a gold mine at the far east end of the South African Witwatersrand, we often went to play around the slimes dams and the pools of orange, green, and blue waters that dotted the landscape.   Our parent forbade us to go there, for there were stories [...]

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Greed, speed, and engineering carelessness all led to the massive failure of the Bellavista heap leach pad in Costa Rica.  The failure of the pad led to the closure of the mine and bankruptcy of the company.  The massive failure is now the subject a major law suite: all parties ever involved are suing and being sued.  [...]

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To end the week, a link to a posting attacking the 1872 Mining Law.  This is kind of an old topic and one that is opposed by powerful forces in the mining industry.  Nonetheless, here is part of the most recent attack:

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Good blogs about mining are rare.  Along Fools Gold Road is a blog about mining that I have just come across.  Here is an extract from one of the postings that helps us understand and appreciate the fascination we all have for gold:

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