Just arrived on my desk is the CostMine Mexican Mine Wages, Salaries & Benefits 2013 Survey Results. This sixty-two page document is chock-full of data on wages and salaries at Mexican mines. I recommend that you and your company or union get a copy and compare your income to the ranges and averages documented here. (more…)
Posts Tagged ‘salary’
In the mid-fifties, gold cost $35 an ounce. My father, a mine captain, earned a hundred and fifty pounds a month. I cannot be sure of the exchange rate. Vaguely I recall that a pound was about two dollars. So let us say he earned about ten ounces of gold a month or about one hundred ounces of gold a year.
With gold at about $1,700 an ounce these days, a hundred-ounce-a-year salary is about $170,000. How many miners these days earn that sum? Truth is not many from what I can see. You have to be pretty senior to earn that salary–but then my father was relatively senior.
These gold-price to salary comparisons are prompted by a fun article in Commodity HQ at this link. Surprising how little an ounce of gold buys these days. I know that I spend the equivalent of an ounce of gold each month on books, CDs, DVDs, and other indulgences, vices, and diversions. What gold-percent of your income goes on pure pleasure?
Which makes me wonder if mining salaries and the price of gold have advanced in lock-step with the price of gold — or have salaries fallen behind? Is there a correlation? I have done no research for this posting. I leave that to those with a greater eye for the detail of the price of gold. And I would appreciate your take on the correlation of the gold price and mining salaries.
Here from the new CostMine 2012 Survey of African Mine Salaries are some figures for those working on mines in the Democratic Republic of the Congo — the first set of numbers are the range of salaries, the second is the average, and the third is the number of years of experience of those reporting salaries. (more…)
Just in from CostMine is the 2012 Survey Results for African Mine Salaries, Wages and Benefits. This is a first and sure to become a staple of the mining industry and for all those who work or seek to work or mine in Africa. I cannot tell or comment on all in one posting. So here follows a brief survey of the continent as a whole—in future postings I will look at the data for individual countries. (more…)
Like forty-million others, last night we watched the presidential debate. We were an assorted bunch of native-born, immigrants, converts, and sceptics. Some always vote; some never vote; some wished they could vote. But in Orange County,CA (overwhelmingly Republican) in California (overwhelmingly Democrat) voting is a duty, but not a decisive act. (more…)
Posted in Copper, Diamond, Human relations and mining, Jobs and Salaries, mining, North America, Oil sands, Uncategorized, tagged chemical engineer, chemist, Chile, lucrestius, salary, stephen greenblatt, the swerve on September 16, 2012 | Leave a Comment »
Just back from Chile. Long, grueling flights, and airport lounges. The benefits, few as they are, included the chance to read Stephen Greeenblatt’s The Swerve. It is the story of the recovery of Lucretius’ On the Nature of Things, a long poem in Latin from the BC era. I have ordered both the original Latin version and two translations. For this is of the things I believe. I leave you to read more if you are curious. (more…)
Here is a quote from a report on the web today:
65% of mining professionals surveyed expect raises of over 15% in the next year, with nearly one fifth of survey participants seeking salary increases of over 35%. Geologists in particular are highly optimistic about short-term remuneration gains, with 39% seeking rises of 25% or more. The heady optimism of mining professionals with regard to near-term remuneration levels could place further pressure on mining companies already beleaguered by uncertain commodities prices. (more…)
The CostMine 2012 Survey of Canadian Mine Salaries, Wages and Benefits is the only factual source of information that I know of on the salaries of technical, managerial, and administrative folk who work on Canadian Mines. The data come from fifty-six metal, industrial mineral, and fossil fuel mines. Fourteen are underground operations; thirty-three surface mines. Size ranged from one million to five million tonnes ore or product mined annually. (more…)