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Archive for the ‘Money & Mining’ Category

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 [...]

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Students in Chile are protesting; they are demanding free and better education.  The more communist-inclined are demanding nationalization of the country’s copper mines—which produce some sixty-percent of the country’s income.  Politicians dither and special-interest groups lobby.  It takes six years to get a degree when at most it should take four years.

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Today, I received the following in an email.  The writer asks a number of questions relating to his decision to go into mineral engineering.  First I repeat the email, and then I set out my answers to his questions.  If you too can help this fellow, please do so by commenting.  Thanks. 

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Here from the CostMine report 2011 Survey Results, U.S. Coal Mine Salaries, Wages and Benefits ae some wages earned by U.S. coal miners. First wages at surface coal mines.  In US$ per hour, here are minimum, average, and maximum wages for the 28 reporting mines:

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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 [...]

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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 [...]

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There is no such thing as an average miner.  There is no such thing as an average salary.  Yet we can get some idea of how well mining people are paid by looking at the average salaries for 2011 on U.S. Metal and Industrial Metal Mines.  Here are some averages from the recently published CostMine, [...]

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Can you help a Russian mining engineer?  I often get personal emails from readers of this blog seeking advice or help.   I cannot help them all; but I try to answer them all and give my opinion that might help them. 

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The original of this posting caused a stir.  Rereading the posting, I can see why.  So to any offended, I say sorry.  In vino veritas.  Nevertheless I edit, but stick to my original thesis: this is a rumination on investing, not engineering.  So I write only about my investing thoughts, not about profound and difficult [...]

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Here from the new survey by CostMine entitled 2011 Survey Results, U.S. Metal and Industrial Mine Salaries, Wages and Benefits are some salaries.   I cannot possibly repeat the copious information in this new survey.  Instead I repeat below some of the salaries in jobs and places that interest me, and which I hope interest you.  [...]

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