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Archive for the ‘Money & Mining’ Category

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Inlaid wood floor of the library of the Canadian Houses of Parliament

Continuing the postings on the new CostMine 2014 Survey Results- Canadian Mine Salaries, Wages and Benefits, here are some mine salaries.  First the range and then the average in thousands of Canadian dollars per hour. (more…)

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At this link is an interview with Anglo American’s Mark Cutifani on the past progress and promised future performance of Anglo American.  His message: we will get there, with there being a 15% return on capital employed (ROCE). (more…)

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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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Just published by CostMine is the 2014 Survey Results – Canadian Mine Salaries, Wages and Benefits.  I will survey some of the data in this and future postings.  First a look at average Canadian Mine wages (In Canadian dollars): (more…)

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The final day of the conference Paste 2014 in Vancouver today.  The keynote was about filter pressed tailings management at Pogo in Alaska.  Too complex to blog about, but worth reading the paper and looking at the PowerPoint presentation when they available on InfoMine. (more…)

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I have dealt with regulators from Washington DC (the NRC) through many states including California.  In Canada I have interacted with regulators from British Columbia and chatted with Alberta oil sand regulators.  They have all been decent people with a commitment to their cause.  In most cases we have been able to craft solutions that fit within the regulations and benefitted my clients, the mining companies.  In most cases the regulators have participated in open discussions and made suggestions for way to keep things moving. (more…)

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I have not posted on this blog the past few days.  The reason:  I was at a fly-in, fly-out camp where the internet connection is sporadic & they do not make it easy to access spurious blogs.   Plus the weather was terrible:  ice-rain in which planes could not fly. (more…)

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The news report today that caught my attention is this. Politicians say such strange things!

Argentina’s mining minister, Jorge Mayoral, surprised quite a few of the 300 executives present an annual luncheon last week, by calling its neighbouring Chile and Peru mining models “a failure.”

According to Mining Press (in Spanish), the official was especially critical of the other two countries openness to foreign investors. Mayoral said Argentina did not want mining in a Chilean or Peruvian way:

“We want mining our way, which means we want to favour domestic suppliers, local management, make sure jobs are taken by technical and professionals coming out of our universities, that respect for the environment is a priority, and most importantly, that all this is done in a safe matter,” he was quoted as saying.

Ironically, the minister also called on his Chilean peer, Aurora Williams, to expedite a decision on Barrick Gold’s Pascua Lama project, which has been halted since last year, after a number of defeats in local courts about water use and the impact on glaciers in the area. While later Barrick stopped construction of the $8.5 billion project as part of its debt-reduction and cost-cutting program, it is still facing major fines and a class action lawsuit because of it.

A report released by the government in March shows Argentina’s mining sector is expected to attract about $4 billion this year, with US and Indian companies reportedly interested in developing the nation’s copper and lithium.

(more…)

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Four short stories and one succinct opinion.  No pictures.  You decide.

Story 1 – Gambling

A father took his young daughter with him to gamble.  The men sat gambling until late in the night and into the early morning.  The daughter busied herself as only teenagers can when their parents are at play.  The father’s luck was fierce.  He won a great deal and the losers were sore.  Finally the father left with his daughter, but the losers were not happy.  They wanted their money back.  They waylaid the father and daughter and an altercation broke out.  Guns were pulled.  The daughter was shot and killed.  The father, bereft, is in hospital fighting for his life. (more…)

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Just received from CostMine their new publications 2014 Survey Results International Compensation Guidelines for Mining Exploration. Amazing numbers. I could not is a simple blog tell all. There is only one solution if you are a mining exploration person or employ such persons and wish to determine if compensation is fair and adequate: but a copy of the full report. (more…)

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