Today we completed a successful three-day EduMine webcast on mine closure. Folk from Germany, Finland, Mauritania, South Africa, Australia, Guatemala, the USA, and Canada “attended.” We are flattered and thankful to them and applaud their interest in a critical topic and facet of mining. If you missed the webcast, contact EduMine and ask them to repeat it. (more…)
Posts Tagged ‘Chile’
Posted in consulting, Enviromental, environmental, Human relations and mining, Latin America, Reclamation, tagged Anglo American, Chile, guidance, mine closure, promises & lies, toolbox on May 16, 2014 | 2 Comments »
Posted in About the news, consulting, Human relations and mining, Investing & Finance, Jobs and Salaries, Latin America, mining, Peru, tagged argentina, Barrick, Chile, pascua lama, Peru on May 14, 2014 | Leave a Comment »
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.
Risk assessments for mine closure are not common. Yet I believe this is changing. Some evidence is this new document from Chile: Guia Metodologia de Evaluacion de Riesgos Para el Cierra de Faenas Mineras. Here is the link to the website where you can download a copy of the document just in case the link to the document itself as provided in the title does not work. (more…)
This posting is prompted by things I have seen, heard, and thought on trips to remote mines in the Canadian Northwest Territories, Mexico, Guatemala, and the Atacama Desert of Northern Chile. Nothing I write is specific to only one mine or generally applicable to all mines. Each has it own characteristics and issues. But they are remarkable similar, so let me lump them in one posting. (more…)
Posted in About the news, Copper, Investing & Finance, People, tagged Chile, Copper, CostMine, InfoMine, investment, jan pfeifer, jennifer leinart, pascua lama, Supercycle, water on September 27, 2013 | 2 Comments »
Is the Supercycle over? I believe it is. But others think otherwise. Mining.com says:
Don’t sound the death knell just yet: The resource ‘supercycle’ may not be breathing its last breath. The resource sector’s period of sharp price rises and heightened volatility is “alive and well,” say analysts of the business and economics research arm of McKinsey & Company. “Rumors of the supercycle’s death are greatly exaggerated,” authors of the 2013 Trends Survey write. “Despite recent falls, commodity prices are still near their levels of early to mid-2008, just before the global financial crisis hit.” By historical standards, resource prices are still high – even as the global economy slowly pulls itself out of recession. (more…)
Mine Water Solutions in Extreme Environments: The Chilean court kicks off Pascua Lama and the Conference with gusto.
Posted in About the news, consulting, Global Warming, Gold, Investing & Finance, Latin America, Law (Mining), Peru, tagged Barrick, Chile, conference, court, lima, mine water solutions, pascua lama on April 15, 2013 | 2 Comments »
Posted in People, Tailings, tagged 3C, 3S, 3T, arcadis, Chile, citt, conventional tailings, EduMine. webcast, patterson and cooke, sergio barrera, Tailings, thickened tailings on November 15, 2012 | Leave a Comment »
Posted in blogs, brandy, consulting, Latin America, People, tagged Chile, jamie caswell, LAX, Marriott, mining, mining makes america, national Mining Association, take over on October 25, 2012 | Leave a Comment »
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…)
Posted in About the news, brandy, British Columbia, Human relations and mining, Investing & Finance, Law (Mining), mining, tagged afgansitan, Anglo American, Canada, Chile, Chinese, Copper, democrat, escobal, Guatemala, jennifer moore, mining, navy, Pebble Mine, police, power, Red Chris, republican, romney, ryan, Taliban on September 29, 2012 | 2 Comments »
MineWeb reports that workers have left the copper mine in Afghanistan being developed by the Chinese because of fears of Taliban attacks. It appears that the Taliban has target the mine, stating that they do not believe the people will benefit from the mine and that profits will be siphoned off by the Afgan elite and the Chinese. (more…)