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Posts Tagged ‘Tahoe Resources’

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The site used to be called Companies & Properties.  Now from InfoMine is a vastly updated, expanded, and easier to use replacement called IntelligenceMine.  It is not, but could be called Intelligent Mine,  Mining Intelligence, or How-to-Find-Out-Everything-You-Ever-Wanted-to-Know-about-Mines & Properties. 

I tried out the new site today.  I searched for information about Tahoe Resources and about Nyrstar.  I quickly got access to many documents in had not hitherto seen, and to documents no longer available of the respective websites.  For company websites are there to promote the company and increase the share price, not to make company or property information readily available.  That is left to mining financial analysts with infinite time & patience.

But I must warn you that unless you pay a hefty fee you cannot get free access to any of this information.  I got free access so that I could explore and write this blog.  By way of full disclosure, the RGC offices are conjoined with the InfoMine office; I have many friends & collogues in InfoMine; and I have courses and give webcasts via EduMine.   I am totally prejudiced in the following opinion.

I recall some sex or seven years ago first looking at Companies & Properties.  Some interesting stuff but kind of all over the place, disjointed, and jumbled.  I complained to Andy Robertson about this.  Thus I was put to writing for a subsite on InfoMine called something I cannot recall.  That site too is gone and now assimilated into the new IntelligenceMine site.

For the past two or three years, the folk in the ImfoMine Companies & Properties division have been working to update and improve the site.  We never thought the day would come when they would finish.  We laid bets on the basis of the motto: Forever May Never Come, or the motto Tomorrow May Never Come.  But we sceptics lost and today tomorrow came and it is worthwhile taking a new look at this new resource.  Certainly if you need easy sorting and analysis of mines & properties information.

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I did not do the following, although somebody I trust tells me you can do it:

  1. Locate every mine with a heap leach pad so that you can market them your new drip irrigation system.
  2. Identify all mines north of a defined latitude so that you can market them your new cold-region geosynthetic.
  3. Look at all copper mines so that you can decide which to invest in on the basis that they have reserves and low operating costs, and may yield future profit & dividends.
  4. Find out how complex the big mining company structure is so that you know what upper company owns which lower company—I did this for Nyrstar and found a complex mindmap of legal bewilderness.
  5. Find a list of company managers, their previous employment, their successes & failures–and hence decide if they will make their new employee successful or a failure.

Seems the ability of the new IntelligenceMine to sort and analyze data is limited only by your need & imagination.

Afterall there are some one million, four hundred thousand (1.4 M) documents in the site’s archives and you can search everyone of them for any term you choose.  For fun, I searched my own name.  WOW!  Never knew I figured so so.

My point is that with the new capabilities and the million plus old documents on the new IntelligenceMine, you young folk need no longer pay heed to old, so-called experts.  You can get the data yourself; do your own analyses; do your own risk assessments; and make your own decisions.

KUSC, my favorite Los Angeles classical radio station, accessed via my Bose Internet radio, is playing Hanukah music and telling the tale of a fight for religions freedom. Two of my grandkids are about to celebrate the event.  I know so little of it; they know so little of it; yet we all benefit from freedom.  Even if it is only free access to information and the power of the computer and entrepreneurs who make it possible to play with such data and decide freely.

Good mining intelligence, good selling to mines, good investing, and (not to be frivolous) Happy Hanukah.

PS.  Here is the link to the Home Page of IntelligenceMine.

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I am in Guatemala and at the Tahoe Resources Escobal Silver Mine. I have previously noted that I and my daughter are the engineers who designed and now give advice on the operation of the filter-pressed tailings stack. Much credit must also go to Flor de Maria Gonzalez and Sergio Aycinena of Geosimsa who are the engineers of record in Guatemala. We have worked closely with them these past four years and both have proven sound partners. Particularly Flor who as a young woman has made her mark by her excellence in a male-dominated Guatemalan mining environment.

But that is not the story I wish to tell now—maybe later—maybe at Tailings and Mine Waste in Vancouver next year if I can persuade them to come and present papers on the incredible work they have done.

Now I want to tell the story of our lunch today. A group of advisors to investors visited the site today. They did the underground trip; then we took them to the tailings facility which is looking good—see pictures above and below. Then we went to lunch.

First there was a presentation of the Escobal approach to sustainable mining. I have written much about this concept which I have always regarded with suspicion. I still do. But I have to tell that the presentation was excellent and proved that a mine can gain a social license to mine and can make a better life for people by sustainable mining or whatever it is called.

There is one fact—of many—in the excellent presentation (that I presume you can get from a representative from Tahoe–send me the request and I will forward it to them) that sticks with me. Guatemala has a very high rate of child malnutrition, and the rate in the surrounding communities is even higher than the national average. And Tahoe is working with many to reduce this rate and feed the children.

From personal observation over the four or five years that I have being coming down here I can attest that everybody looks a lot healthier now than when I first came. The kids along the village streets positively glow and prance whereas the first I saw them they were pallid and lethargic. Even the kids in the security center of the mine look amazingly healthy—even though they are so small & slim and so very young looking.

Impressive as this fact is, even more impressive to me were the questions to and answers by two senior Tahoe people. I make bold to name Ron Clayton and Don Gray. I have been this year to at least thirteen mines and examined over twenty tailings facilities. I say without hesitation that the success of Escobal must have something to do with the character and integrity of these two men. For so many of the mines I have been to have faced far lesser issues, yet have, to my mind, been absent the skill and drive of these two men and of course the others of ability they have gathered around them.

I have met with them, observed them, and consulted to them for over four years now. Generally I was the originator and bearer of bad news—mostly the fact that we needed more money spent on the tailings facility than initially estimated. They delved deep into my statements; made me justify my needs; questioned the technical and engineering issues I raised; and made me work and think and argue hard. But always, without fail, they have done and forced me to do the right thing for the tailings, the environment and the community. I did not always get what I wanted, but I always got what was needed to make the tailings a success. And I know that in the days and months and years ahead I will get what I want—even though I am in competition with the Guatemalan government for finite resources.

I know the stock price is falling. Mostly I suspect because of the raising to ten percent by the Guatemalan government of the royalty tax. Ron talked of this in measured but insightful remarks. The details I leave to others, but the bare bones is that there is silver in those hills, building community support and nurturing a mine work force from the community takes time and money, and Tahoe is doing it and intends to continue doing it.

I do not invest in mines or companies for which I work. Careful of conflict of interest of course. I admit though there were times, and today’s lunch was one, when I contemplated stopping working for Tahoe and investing in them instead. Problem is that it is so interesting and rewarding working for them that I have decided to park the investments elsewhere.

I could go on, but have to be on site to work tomorrow. So enough. Let me just emphasize: I have long been engaged as a consultant by Tahoe; I have done a lot with regard to tailings management for them; I know and respect their people; I wish I could invest in them; and I have not asked their permission to post this nor have they read it or commented on it.  For the worst they can do is fire me if they do not like what is write—-then I can go invest in them without conflict of interests concerns.

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Here is information I received as a comment on a recent blog posting:

California is an anomaly from the perspective that it is only one of 5 or 6 states or territories that do not recognize mining as an engineering discipline; along with Guam, Hawaii, Delaware and a couple of others. The need for being registered is driven primarily by the State Boards. There are several places in the industry where signatures are required: on 10K reports for certification of reserves. This requires a “qualified person” and since there are 20 states that don’t recognize geologists as a profession, then the role may be defined as engineering in some cases. There are a plethora of state and federal mining permits requiring a PE signature. Underground seals must be constructed and signed off by a PE. Roof Control and Ventilation plans and many environmental permits require signatures. As I said, California is one of the exceptions and I really don’t understand why mining is ignored when mining was at the core of the state’s formation. I will say that the lack of recognition by the State has caused some confusion regarding liability and accountability.

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If you read this blog, you will know that in the past four or so years, I have visited the Marlin and Escobal Mines in Guatemala many times.   (Do a search with these key words in the box at top-right to get all I have written about these visits.) (more…)

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Brief news reports and an announcement by Tahoe Resources indicate that three were killed in an attack on the Escobal Mine in Guatemala.  The local Spanish-language newspaper, El Metropolitano,  has a front-page headline  “Terrorism in San Rafael Las Flores.”  San Rafael Las Flores is the local town where most locals working on the mine live. (more…)

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Totalmining at this link has a new e-book that you can download on the 9 Most Controversial Mining Companies.  Here is the list: (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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