Here from the CostMine 2013 Survey Results Canadian Mine Salaries, Wages and Benefits are the 2012 incomes of some executives of Canadian junior mining companies. These numbers are not intended to inspire sympathy for those who run junior mining companies, regardless of the endless stream of bad news we read that such companies are on their knees, short of funds, going out of business, and in a generally bad shape. These are impressive incomes. So here a few: (more…)
Posts Tagged ‘income’
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 I post it here for your consideration. I edit a bit for context. Here it is from a commenter who identifies themself only as Andrey. He comments on an old posting on this blog that I repeat below the comment that follows. (more…)
The first posting this week as I have just gotten back from working on a mine—and earning far less than $200,000 per year. I note the income of $200,000 a year as my email inbox is filled with links to a report on young folk on Australian mines earning $200,000 a year. Here is the introduction to a long and fascinating article: (more…)
A major report by the Georgetown University Center on Education and the Workforce is entitled What’s It Worth? The Economic Value of College Majors. The report is long, over 180 pages and covers degrees ranging from Agriculture to Social Sciences. Engineering is dealt with from page 110 to page 123. (more…)
Vancouver weather today was gorgeous; warm and sunny. I was able to ride my bicycle to and from work and revel in the clear mountains, still snow-capped, and the city towers, gleaming in the sun. But I could not find a topic for this blog. In spite of a visit to the 34th floor of a tower from which the views were superb and the mining company hospitable. In spite of a luxurious Japanese lunch with a beautiful and charming lady. In spite of a mind-bending problem come over the phone from a distant client. In spite of arranging travel to far places. Each would take pages to describe in detail, but all are “confidential,” so I must refrain. (more…)
Even I am guilty of painting a picture of the difficulties of opening and running a mine in Canada. It is simply too easy to write about intransigent First Nations, vacillating politicians, activist NGOs, and vociferous shareholders. Here are some numbers to prove that those who face and deal with such difficulties are well compensated. Here are some numbers on the salaries, bonuses, and other forms of compensation paid to executives of Canadian mining companies as of June 2009. These data are from the CostMine Canadian Mine Salaries, Wages & Benefits 2009 Survey Results. (more…)
The survey reports on information from 162 exploration offices from 38 countries. Information comes from 113 medium to large mining companies and 49 junior mining companies. Salaries are reported for 104 exploration managers, 116 senior geologists, 136 project geologists, and 28 entry level geologists. Also there is information from 50 independent consultant on what they charge to do exploration.
How do you distinguish a Junior Mining Company from a Mid-Tier Mining Company, from a Major Mining Company?
You could say that a Junior Mining Company is one that is engaged in exploration, development, and hopefully production. You could say the Junior is smaller. You could say the Junior is more risky, but potentially more rewarding/profitable. But that is also true of the Mid-Tier and Major. So I propose another definition with numerical and quantifiable clout.
Simply look at the average salary of the Chairman of the mining company.
Has the world really changed that much in the last week, month, year? On Saturday I supped with very old friends, people who like me survived the 1982/3 mining crash, a time when twenty percent of engineers in Vancouver were out of work and everyday brought new cuts in production. Now it seems those times have returned, maybe more viciously.