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Archive for the ‘Latin America’ Category

Today I looked through the abstracts submitted for Paste 2013 in Belo Horizonte in Brazil next year.  Here is what I wrote—it will be all over InfoMine soon enough. (more…)

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This week again in Santiago, Chile.: exhausting meetings; deep & intense deliberations; keeping up with mining geniuses; writing reports of profound importance; trying to expedite significant decisions; and trying to make mining happen in large projects.  The issues are lack of power and the cost of water ($2.50 per cubic meter.)  The challenges are multiple models that seek to solve the same problem, yet produce vastly divergent results.  Add to that the diversity of the ore body, an absence of full quantification of variability, and the statistics of risk tolerance.  (more…)

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mapa

A 5.7 earthquake has just rattled the building here in Santiago where I sit.  This link tells us the magnitude, location, and depth—a real deep 95km. (more…)

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On the plane from Santiago to Dallas, I sat next to an Australian from Newcastle.  He told me that he was on a round-the-world trip to promote his product.  He explained that his company makes the wire ropes used on the big shovels so common in open-pit mining.  (more…)

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On Sunday I was lucky enough to go to lunch with four beautiful, intelligent young women.  One is doing post-doc studies, one is a vet, one a graphics designer, and one a civil engineer in mining.  I am sure all earn high salaries.  We ate in the old market in the center of Santiago.  I paid.  (more…)

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The profit of suppliers to the mining industry is of course tied to the profit of the mining industry.   To invest in the mining industry, you may choose instead to average things out, and invest some in those who supply the mining industry.  How are they faring? (more…)

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Another perfect day of August sunshine in Vancouver.  As the sun set, the kids watched an old Superman movie.  I caught up on reading the many magazines that find their way to my desk.  Here is a summary of their stories on mining. (more…)

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I am back in Santiago, having barely survived the long flights, excess food & drink in Business Class, and the two hours getting through Chile Immigration & Customs.  Seems like twelve planes arrived at the same time; I have never seen an airport anywhere as crowded and slow.  This is part of the life of a mining consultant: lots of glamour at the expense of extreme patience in line to see surly passport inspectors and those who believe you are smuggling packets of peanuts.  (more…)

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The news seems to be uniformly gloomy:  The ANC Youth League saying nationalization of mines must occur; Rio Tinto and BHP cutting staff and costs: Barrick’s credit rating downgraded because of Pascua Lama delays; and so on (more…)

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That venerable firm, Ernst & Young have just issued their latest, Business Risks Facing Mining and Metal 2012-2013.  It is worth looking at their site at this link and downloading the report’s Executive Summary.  To whet your appetite, here is the number one risk they write about, namely Resource Nationalism: (more…)

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