In an upcoming EduMine course on Risk Assessment, Decision Making, and the Management of Mine Geowaste, we write the following on the topic of Net Present Value (NPV): (more…)
Archive for the ‘Money & Mining’ Category
Here is a comment posted on a recent blog item:
I went to the site recommended and downloaded the Executive Summary, the section on Geochemistry, and the section on Closure. Fascinating writings, particularly coming post-Mt Polley. I hope some readers of this blog take a look at the report and comment. For this is a public posting of design documents–worthy of repetition. Now it remains to be seen if such public posting leads to public reading and comment. For that, afterall, is the purpose of such public posting of designs for new mines and their tailings facilities.
I note that the closure cost estimate is some $16 M. Presumably that is the basis of the bond being posted? Comments on its sufficiency would be of interest. As would comments on the way they plan to deal with acid generating tailings. As would comments on the above comment/question as to whether this is a more conservative design than Mt Polley.
I have not read in sufficient detail to comment with insight. And maybe no other BC engineer has any more time or inclination than I have to comment. That is a pity, but inevitable. Is this a pointed reminder that in addition to such public postings, maybe we should have public posting of the comments by an Independent Tailings Review Board as Morgenstern recommends in the Mt Polley report? Again your perspective would be welcome.
If you find the materials at the listed site formidable, rather go to the company’s website at this link. It seems not to have been updated since 2013. So the BC regulators are faster and more up-to-date in their posting.
In the current mining downturn, these numbers are impressive:
No wonder the BC government is doing all it can to get the word out about the project.
Posted in British Columbia, consulting, Human relations and mining, Jobs and Salaries, Law (Mining), mining, People, tagged Goldcorp, jobs, lawyer, mexico, risk management on March 10, 2015 | 1 Comment »
I get many pleas for help in finding a job in mining. Most I refer to Careermine. For that is the site that lists every possible job in mining. Yet this one caught my attention, for it is a story of love. At least I think so. I have the sender’s permission to post what she sent me. Here it is. (more…)
Today was a perfect summer day in Vancouver; although it is still officially winter. I slept late in the sun streaming through the bedroom windows. I rode my bicycle to and from work in the warmth of the sun, although it was a trifle cold coming home as, short of breath, I walked the hills that become steeper every year. (more…)
Here is a welcome announcement from the University of British Columbia. An Executive MBA in Strategic Mining Management. I wish I were young enough to attend–but I am one of those soon to be demographic shifters, a baby boomer about to retire. Maybe I can lecture in my dotage on the relevance of tailings management to strategic mining management. But they probably won’t give a blogger the podium. So be it. We must simply applaud the move, support them, and wish them and their graduates well. Here the full announcement: (more…)
At last we arrive at the top to peek at the executive compensation of U.S. mining company top brass. This is like browsing Architectural Digest — the porn of seeing others living as we never could. The data are from the CostMine 2014 Survey of U.S. Metal and Industrial Mine Salaries, Wages and Benefit. (more…)