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Archive for the ‘Money & Mining’ Category

Today Jennifer Leinhart of CostMine sent me these two volumes: 2011 Survey Results: U.S. Coal Mine Salaries, Wages and Benefits 2011 Survey Results: U.S. Metal & Industrial Mineral Mine Salaries, Wages and Benefits

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There are no societies for men in mining.  Yet there are many groups for women in mining.  I think this is degrading to women, mining, and engineering in general.  Let me tell you why I have this contrary opinion.

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I have not done this before; I have never repeated a comment as a new posting.  I do this now, not because I have become lazy and dependent on others for opinions and perspective,  but because I think this comment is worthy of individual exposure and repeat.  This is powerful writing and strong opinion.  So [...]

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Here is a link to a Wikipedia article I found while browsing the web searching for mining investment information.  This article is called Largest Gold Companies.  It includes  the most comprehensive comparison of gold mining companies I have come across recently.  And the references are extensive including some I have not hitherto seen. 

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A radical thesis:  If I had a million dollars to invest in a single mine, I would go meet the mine’s Health & Safety Officer.  If they impressed me, I would invest.  If they did not, I would get on the next plane and fly to the next mine on the list. 

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There is no such thing as a typical mining investor.  That much was brought home to me today. 

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At lunch today a colleague posed the question, would you invest in a Mexican mining enterprise? My answer: I honestly don’t have a clue.

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A very simple answer to the question: why invest in mining in Chile?  Mining is booming in Chile; they seem to have the right government; they have the resources; the climate is right for mines in the far north; and the big companies are all in play. 

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Right now it seems a no-brainer: invest in Australian mining.  Well, maybe this is not good advice.  According to a smart young Australian with whom I chatted this week, Australia is headed for decline, decay, and mining investment disaster.

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I do not know if the following is true:  my father used to say that the only person on the mine who is assured of a new facility is the mill manager.  The reason my father gave is this: when you rework the concrete foundations of the mill you recovery so much gold that it [...]

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