Hide this alert
InfoMine Home

MoneyTechMine:  Money, Costs, and Engineering

What to expect for 2016: Top predictions for the mining industry
Monday, December 21, 2015
Undoubtedly, 2015 will go down in the history books as one of the worst years on record for mining companies, hit by record-low commodities prices that forced them to axe jobs, dividends, production and sell assets. Here are slides showing the consensus for the most watched commodities. read more »
World's first seafloor miner inks copper sales deal with Chinese customer
Friday, December 11, 2015
Canadian seafloor miner Nautilus Minerals (TSX:NUS) said Friday it has scored a fresh offtake deal for its upcoming deep-sea operation off the coast of Papua New Guinea with Chinese smelting company Tongling Nonferrous Metals Group. read more »
Investors going crazy for world no 1 commodity company
Thursday, December 10, 2015
At the end of trading in London on Thursday shares in Glencore plc (LON:GLEN) was priced at 89p, up 7.4% in colossal volumes of more than 134 million shares traded. read more »
Rio's secret weapon for a sub-$40 iron ore price
Friday, December 04, 2015
Rio Tinto did not make a song and dance when it started mining at its Silvergrass project in Australia's Pilbara in August. After getting flak from politicians and competitors alike about its aggressive expansion strategy, the Melbourne-based giant probably thought it prudent not to. read more »
Judge throws out multi-billion dollar Rio lawsuit against Vale
Friday, November 20, 2015
The mining lawsuit of the century ended with something of a whimper on Friday after a US judge dismissed Rio Tinto's lawsuit against Vale over rights to one of the biggest prizes in mining. read more »
The role of digitisation in propelling mining firms into a new era
Wednesday, September 23, 2015
Mining firms today are facing a barrage of challenges that only a concerted focus on digitisation can address. Across the broad range of ferrous, non-ferrous and precious metals, commodity prices remain subdued and are unlikely to enter any new growth cycles in the near future. read more »
BHP, Rio take to mining robots to counter iron-ore bear market
Friday, September 11, 2015
When the rout in prices ends for the world's iron-ore producers, those left standing probably will have more robots on their side. read more »
Exploration's big problem explained in one chart
Monday, July 06, 2015
The exploration industry is in crisis, according to a study by the Boston Consulting Group released last week. There are fewer major discoveries, despite a huge ramp up in spending just a few years ago before metal prices collapsed. read more »
Turquoise Hill rockets on Oyu Tolgoi funding deal
Tuesday, May 19, 2015
Shares in Turquoise Hill Resources (TSE,NYSE:TRQ) jumped in after hours trade on Monday after the company's parent Rio Tinto and the Mongolia government signed an agreement for the expansion of the Vancouver-based company's massive copper-gold mine in the Asian country. read more »
Australia’s Prime Minister Abbott backs iron ore probe into BHP, Rio
Friday, May 15, 2015
Australia’s Prime Minister Tony Abbott has backed a special parliamentary inquiry into the country’s iron ore industry, saying it was important to discover whether BHP Billiton and Rio Tinto have behaved in a "predatory" way, severely affecting the economy. read more »
Mining Sensor Data to Run a Better Gold Mine
Tuesday, February 17, 2015
In 2009, near the height of the financial crisis, mining company Dundee Precious Metals Inc. was faced with the prospect of falling metal prices—and $150 million of capital investments in Bulgaria. Rick Howes had to find a more efficient way to operate the Chelopech mine. read more »
2014 CostMine Survey of US Metal Mine Executive Compensation
Friday, January 30, 2015
The following are data from the CostMine 2014 Survey of U.S. Metal and Industrial Mine Salaries, Wages and Benefit. The top total compensation for some lucky U.S. major mining company chairman is $55 million. read more »
2014 CostMine Salary Survey of U.S. Metal and Industrial Mineral Mines
Thursday, January 29, 2015
Some salaries for those working at U.S. metal and industrial mineral mines. The data were collect the second half of 2014. These data I take from the recently issued CostMine 2014 Survey Results U.S. Metal and Industrial Mineral Mine Salaries, Wages and Benefits. read more »
2014 Survey U.S. Metal and Industrial Mineral Mines Wages, Salaries and Benefits
Tuesday, January 27, 2015
I have just received the CostMine 2014 Survey Results for U.S. Metal and Industrial Mineral Mine Salaries, Wages, and Benefits. First a look at the impact on wages of working for a small mine as compared to working for a large mine. read more »
Program to 'unearth' technology and innovation in mining looks to recruit young tech start-up companies
Tuesday, January 06, 2015
The Australian mining industry is facing a $1 billion loss over the next decade if it doesn't invest more in technology and innovation. That's the impetus behind a tech start-up program called Unearthed read more »
De Beers market share set to pick up on Canadian mine opening
Tuesday, November 04, 2014
Anglo American’s (LON:AAL) De Beers could see its share in the diamond market recover after the company starts mining at its Gahcho Kué operation, located in Canada’s diamond-rich North West Territories. read more »
Imperial Metal to raise $100 M to cover Mount Polley cleanup costs
Friday, August 15, 2014
Imperial Metals Corp. will raise $100 million through debentures to cover the cleanup costs of its Mount Polley mine disaster, and plans to move ahead with the commissioning of its Red Chris mine, despite the project being $61 million over budget and picketed by First Nations. read more »
Australian government eliminates mining tax
Wednesday, May 14, 2014
Australia’s Federal Treasurer, Joe Hockey, unveiled the country’s toughest budget in almost two decades last night, slashing welfare entitlements and increasing taxes for high earners, but also abolishing the country’s debated mine tax. read more »
Poll: 74% of Chileans want mining companies to pay higher taxes
Wednesday, April 09, 2014
A vast majority of Chileans, 74% to be exact, believe mining companies should pay higher taxes and that those funds should be allocated to the regions where mining operations are based, reveals a survey conducted by pollster MORI and the country’s Catholic University. read more »
Real-time mapping technology to transform mining industry, says visiting expert
Thursday, April 03, 2014
One of the world’s leading mining geospatial experts is in Australia to advise resources companies on how cutting-edge mapping technology could change the future of the industry. read more »
Budget 2014: Significant Tax Changes Affecting the Canadian Resource and Energy Sector
Friday, February 14, 2014
Budget 2014 contained two changes of particular interest to the Canadian resource and energy sectors. First, as expected, Budget 2014 proposes to extend the "super flow-through share" program for another year in order to continue to promote the exploration and development of mineral resources in Canada. read more »
Top 10 mining trends for 2014 - Innovate or bust
Monday, January 27, 2014
Prolonged market volatility is forcing miners to change the way they operate, making tough strategic changes in a bid to remain viable. Releasing its sixth annual Tracking the Trends report, Deloitte global mining leader Phil Hopwood explains read more »
First Solar unveils diesel-replacement strategy for African mines
Friday, January 24, 2014
Thin-film solar company First Solar is aggressively pursuing build operate and own (BOO) fuel-replacement projects in the global resources sector and is offering miners the prospect of displacing diesel through the use of increasingly cost-competitive solar energy. read more »
U.S. Metal & Industrial Mineral Mine Wages – 2013 Survey Results
Monday, December 16, 2013
Here is a summary of the U.S. Metal & Industrial Mineral Mine Salaries, Wages & Benefits — 2013 Survey Results from CostMine. read more »
The Business of Mining: How Michigan Tech Won an International Competition
Tuesday, December 10, 2013
Michigan Technological University’s recent win in the National Mining Competition in Saskatchewan surprised more than a few of the Canadian schools who made up the competitors, and the judges. read more »
Canada’s finest recognize CEEC Medal winners
Monday, October 28, 2013
A paper presented at the 45th Annual Canadian Mineral Processors Operators Conference in Ottawa, Canada this year has received the 2013 CEEC Medal. read more »
Mine Closure: Who Pays Giant Costs?
Tuesday, June 25, 2013
An issue that's going around is whether existing mines should pay for the closure costs of old mines, or should the taxpayers pay for those costs. read more »
A Path Forward for Mining in the Northwest Territories
Wednesday, June 19, 2013
There is a report released recently called "Pathways to Mineral Development—A Report of the Stakeholder Engagement Panel for the NWT Mineral Development Strategy". Here's why the report was prepared read more »
Unleash the Potential of Africa through Mining Technology
Monday, June 10, 2013
Mining is important to Africa because most countries within the continent are either major consumers or major producers of mineral commodities. It is a source of mineral commodities that all countries find essential for maintaining and improving their standards of living. read more »
Mexican Mine Wages from the 2013 CostMine Survey
Thursday, March 21, 2013
Here are some numbers on wages at mines in Mexico. Wages vary greatly from mine to mine. read more »
South African Mining Salaries: 2012 Survey from CostMine
Thursday, November 29, 2012
Here from the CostMine 2012 Survey Results for African Mine Salaries, Wages and Benefits are some South African mining salaries. First let us look at engineers. read more »
Deloitte Acquires Venmyn - Deal establishes a leading capability in mining advisory services among the Big Four
Thursday, November 01, 2012
Professional services firm Deloitte has acquired mining services consultancy Venmyn, to create a new technical and economic minerals advisory business. read more »
Walking a Tight-wire Rope: Jobs and Profit in Australian Mining
Monday, September 17, 2012
I ment an Australian from Newcastle who 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.  read more »
Barkerville Gold NI 43-101 Failure
Wednesday, August 22, 2012
This stark announcement on the website of Barkerville Gold: Vancouver, BC – Barkerville Gold Mines Ltd. (TSXV: BGM) (the "Company" or "Barkerville") announced today that the British Columbia Securities Commission (the "BCSC") has issued a cease trade order, effective August 14, 2012 read more »
Ekati and Diavik to Harry Winston
Tuesday, August 07, 2012
The news today is that Harry Winston and BHP are talking about the sale of the Ekati Diamond Mine. Specifically Harry Winston is seeking to purchase the Ekati Diamond Mine. read more »
Project Cost Items Should Not Simply Be Inflation Adjusted
Wednesday, July 11, 2012
It would be wrong to adjust the costs involved in a project for inflation if the costs were calculated some time previously. This is the view of Venmyn mathematician Iaan Myburgh, who spoke at Venmyn and Pretoria University’s Compliance and Reporting in the Minerals Industry Course last month. read more »
2012 Survey of Canadian Mine Wages
Wednesday, June 27, 2012
CostMine’s newly published 2012 Survey Results of Canadian Mine Salaries, Wages and Benefits is now available. Fifty-six mines across Canada provided data on wages paid in 2011 read more »
Merit and Mine Cost Over-Runs Run Rampant
Wednesday, June 20, 2012
Here is an interesting letter from a mining engineer who is about to retire. It has the frustration of change; and we all know the feeling. read more »
2011-2012 US Coal Mine Wages
Thursday, May 10, 2012
Here from the CostMine report 2011 Survey Results, U.S. Coal Mine Salaries, Wages and Benefits ae some wages earned by U.S. coal miners. read more »
Willlis Mining Market Review 2012
Tuesday, February 14, 2012
For a fascinating review of an aspect of mining not generally read or talked about, download a copy of the Spring 2012 Willis Mining Market Review. It talks about risks and insurance against risks in the mining industry. read more »
What is the Value of Mining Degree?
Wednesday, September 21, 2011
A new report has recently been published by the Georgetown University Center on Education and the Workforce, entitled "What's It Worth? The Economic Value of College Majors." read more »
Indian Mining Companies Flex their Muscles
Tuesday, September 13, 2011
Intierra Resource Intelligence notes that by mine output, India is the fourth largest producer of zinc, and the sixth largest producer of lead. However, the actual impact of Indian commerce on global mining is felt far more widely. read more »
The Australian Mining Sector - Analyses and Forecasts
Wednesday, September 07, 2011
The Australian mining industry has not been severely affected by the global economic meltdown and has, in fact, increased its production volume from 948 million tons in 2008 to 1,015 million tons in 2009. Overall production is expected to increase from 1,015 million tons in 2009 to 1,197 million tons in 2015. read more »
Vancouver Junior Mining Companies
Tuesday, July 19, 2011
A professor from far away came today to ask why Vancouver has so many junior mining companies. I had not hitherto pondered this question. Here are some of the possible answers we formulated read more »
Raise boring machines
Thursday, July 14, 2011
Raise boring, as a technique or system of driving raises (vertical or near vertical holes) continues to gain in popularity due to its many important advantages over conventional methods. read more »
Arizona Mining Statistics
Wednesday, May 18, 2011
Here are some statistics on mining in Arizona. These numbers are from Arizona Geology, always a good source of information about mining in that state. read more »
Canadian Taxation of Mining
Thursday, April 14, 2011
The following article was originally published in Tax Notes International. It talks about how Canada taxes mining activities. It identifies the taxes applicable to mining, describes how mining-related expenses are treated for income tax purposes, and more. read more »
Are Rare Earths that Rare: Mining Bokan Mountain in Alaska
Friday, April 08, 2011
Are rare earths that rare? Or are we just failing to mine them? Drive to Las Vegas from Los Angeles and just before you leave California to enter Nevada, you spy a large pit read more »
2010 US Coal Mine Wages
Thursday, February 17, 2011
CostMine has recently released their survey results of U.S. Coal Mine Salaries, Wages & Benefits for 2010. Here are some of the numbers read more »
2010 – 2011 Mine Salaries
Friday, January 21, 2011
A quick look at the salaries of people working on US mines in 2010. These data are from the most recent CostMine document "U.S. Metal and Industrial Mineral Mine Salaries, Wages and Benefits 2010". read more »
Costs of Mine Closure
Friday, December 10, 2010
Are miners compiling feasibility studies ignoring mine closure costs — and in particular closure costs associated with acid drainage? read more »
2010 Quebec Budget Changes to Mining Tax Regime
Thursday, August 26, 2010
The Budget proposed by the Quebec government in March 2010 makes significant changes to the province’s mining tax rules. The existing rules levy a tax at the rate of 12% of a mine operator’s annual profit read more »
BC to Share Mining Tax with First Nations
Thursday, August 26, 2010
Some say it has taken one hundred years to reach the historic announcements these past days that the BC Provincial government will share tax revenues on two new mines with the First Nations on whose traditional lands the mines are located. read more »
Get gold, humanely if you can, but at all hazards get gold!
Tuesday, July 20, 2010

The Federal Reserve Bank of New York - The Key to the Gold Vault
 read more »
Only Fools Pay for Wind Power
Tuesday, June 08, 2010
It is unfortunate for the U.S., or any country, that the wind industry and politicians are unwilling to reveal the truth and the folly of wind power. Claims by the American Wind Energy Association (AWEA.org) appear so grand, so let’s look deeper. read more »
Coal to Remain Key U.S. Source of Electrical Power
Thursday, June 03, 2010
Committing U.S. electrical utilities to the "25-percent Renewable Electricity Portfolio Standard" (RES or RFS) mandating that, by 2025, the U.S. generates 25-percent of its electrical power from renewable sources is a futile, unwise misdirection of financial, human, and technological resources on a backward, impossible mission. read more »
Probabilistic Approach to Mineral Resource Definition
Friday, April 23, 2010
In recent years, Venmyn has been working closely with our associate geostatistician to define statistical boundaries between Inferred, Indicated and Measured Resource categories. read more »
Geosoft announces 2010 software releases
Thursday, March 25, 2010
Canadian geoscience software company Geosoft has now announced the availability of its 2010 Software Release for geoscientists and exploration professionals. The release includes a number of claimed important advancements that improve access to data and information, make mapping and reporting tasks more efficient, and expand 3D subsurface capabilities. read more »
Malema, Mining Opponents, and Investing in South Africa
Friday, March 19, 2010
Julius Malema has called for the nationalization of South Africa’s mines. I have warned investors to stay away from South African mines as long as Malema and his ilk are rampant. read more »
Earthquakes, Copper Mining, and Human Tolls
Tuesday, March 02, 2010
The Chilean 8.8, three-minute long earthquake has disrupted Chile’s copper supplies and this may lead to an increase in the price of copper. read more »
Roundup 2010: Mineral Deposits that Matter
Wednesday, January 20, 2010
The Gold presentation was delivered by Jay Hodgson - he looked into big gold deposits. Silver deposits that matter were presented by Bob Quartermain. Copper and the global copper industry were next and an excellent presentation was delivered by Michael Doggett. Mark Selby talked about strategic thinking in global copper supply and demand. read more »
Green Mining Investing: How Not to Attract the Green Back
Wednesday, January 20, 2010
Green mining is proposed in Arizona. Sounds good in a state that is mainly brown and dominated by John McCain and his ilk. Here is what the article announcing green mining says... read more »
Oyu Tolgoi For Sale - and a new mining scramble begins
Friday, January 15, 2010
Oyu Tolgoi, reportedly one of the biggest copper lodes waiting to be mined, is up for sale. Vancouver-based Ivanhoe Mines, the majority owner of the Mongolian deposit that has been decades in the “permitting” process, has put itself up for sale. read more »
Kazakhstan: A 'market economy'
Monday, December 07, 2009
With a Standard and Poor’s ‘investment grade' credit rating, Kazakhstan is considered a model transition economy, in overcoming the legacy of the Soviet centralized command economy.  read more »
Junior Mining Companies as Investment Opportunities
Friday, November 13, 2009
My travels took me into the company of consultants to the financial side of the mining industry - those folk who consult to the titans of the industry who broker the mergers and take-overs read more »
Economic Success Leads to Tailings Dam Failure?
Tuesday, November 10, 2009
A paper by AMEC engineers from the 2009 Conference on Tailings and Mine Waste discusses the possible correlation between economic conditions and tailings dam failures. read more »
Mining Investment Rule 121: Beware the Sole Owner and 4,000 Unwise Investors
Friday, October 30, 2009
We have David Baines of the Vancouver Sun to thank for a new story on mining investment gone bad. We use this case history to formulate another Investment Rule: Do not buy shares in a mining company controlled by one man. read more »
Sungro Minerals Mining Scam Uncovered
Tuesday, October 06, 2009
Here is a simple investment rule: do not buy shares in a mining company with no assets, especially if the share value of the company is very high. read more »
Managing Costs - Core Drilling
Wednesday, September 30, 2009
Sometimes the smallest products can make the biggest impact. While they don't carry $1 million price tags like some of the high technology capital equipment available on the market, coring consumables represent incremental cost over the life of a project that can save or lose a drilling contractor hundreds of thousands of dollars in ... read more »
Planning for the future
Wednesday, September 30, 2009
In the introduction to ICMM's Planning for Integrated Mine Closure: Toolkit, the authors describe planning for closure as being "about how to design a mine operation in order to facilitate closure. When a project is designed,there is a lot of scope to do so with closure in mind..." read more »
Steeling for a comeback
Wednesday, September 30, 2009
At the beginning of August, Macquarie Research described iron ore prices as being "in transition." Announcing "progress" in its 2009 iron ore price negotiations, BHP Billiton highlighted what it views as significant progress in the evolution away from iron ore pricing dominated by an annually negotiated benchmark price towards a "transparent" pricing system based on index (or spot pricing). read more »
Cost breaking
Wednesday, September 30, 2009
Fragmentation within the mine is often overlooked as a critical element in the process and can be used to provide essential process control information. SPLIT digital fragmentation technology has been available for some time, with applications from the mine with post-blast analysis at the muck pile face through to the mechanical comminution circuit with ... read more »
The road to Grasberg
Wednesday, September 30, 2009
Until Bechtel built the first road in the early 1970s, and Freeport Indonesia subsequently developed the area, subrivers were the only access inland to the foothills of the Jayawijaya mountain range on Irian Jaya that hosts what is arguably the greatest ore complex discovered in the world to date, the Grasberg and Ertsberg copper gold deposits. read more »
Kaftar Hona anthracite
Wednesday, September 30, 2009
Saddleback Corp was formed in 2004 and then established Saddleback Gold Corp in Tajikistan. It has offices in central London and in Dushanbe, the capital city of Tajikistan. The objective of SGC has been to build a diversified mining and exploration company by securing interests in mining and exploration projects in Tajikistan with a focus on coal and gold. read more »
CCS all about finding the ‘right rocks’
Wednesday, September 30, 2009
The Coal Tech 2009 conference, held on September 15-16th, hosted a range of presentations on technologies including carbon capture and storage (CCS); coal-to-liquids; underground coal gasification; and syngas.  read more »
Canadian Mining Executives Salaries & Compensation 2009
Thursday, September 03, 2009
Here are some numbers on the salaries, bonuses, and other forms of compensation paid to executives of Canadian mining companies as of June 2009. read more »
California Mining Investment Rules
Tuesday, September 01, 2009
A new mine in California is almost unheard of. We must take our hats off to Molycorp for the reopening of, dare we call it the “new?” Mountain Pass mine in California. read more »
Rare Earth Mining in California - Can We Out-mine the Chinese?
Monday, August 31, 2009
Rare earths such as neodymium and lanthanum are needed for hybrid cars that are better for the environment. But will we be allowed to mine all the metals that need to go into these cars or will we be stopped by the environmentally conscious consumers who demand them? read more »
Canadian Mining Wages 2009
Thursday, August 20, 2009
CostMine has just sent me the new Canadian Mine Salaries, Wages & Benefit 2009 survey and report. Here are some numbers I found interesting about wages. read more »
Canadian Mining Salaries 2009
Thursday, August 20, 2009
In the new Canadian Mine Salaries, Wages & Benefit 2009 survey, CostMine lists the salaries of those working in the Canadian mining industry in mid 2009. read more »
Commodity Valuation Curves
Friday, August 07, 2009
Mining companies are, like never before, faced with the need to value their mineral assets at fair value; particularly in a case of a proposed transaction at a time where “cash is king”. read more »
Accounting for Mineral Reserves on the Balance Sheet
Friday, July 17, 2009
Mineral Resource Management (MRM) is an important aspect in the mineral and extractive industry of South Africa as well as on a global level. This is due to increasing competition in today’s global economy read more »
Guide to Mobile Equipment Life Cycle Costing
Monday, June 29, 2009
If you need to know how to apply Life Cycle Costing methods to mobile equipment, this guide is for you.  read more »
Mining salaries in Australia & New Zealand
Monday, June 29, 2009
Hays Resources & Mining published a new salary survey pertaining to the Australian mining industry: market changes, positions in demand, salary movements, changes to employer recruitment practices. read more »
Mining Investment Rules by Vernon Smith
Wednesday, June 10, 2009
Vernon Smith won the Noble prize for economics in 2002. His experiments with students involving simulated trading games, proves that “efficient” markets do not exist and that bubbles occur even when “traders” know what they are doing. read more »
Africa Mining Starts Up Again, Sonjica Says
Wednesday, March 04, 2009
The speech by BP Sonjica South Africa's Minister of Mineral and Energy in Elagani in February 2009.  read more »
2008 Coal Mine Wages
Wednesday, February 25, 2009
Just received is the 2008 Survey Results U.S. Coal Mine Salaries, Wages and Benefits from CostMine. There is an enormous amount of data in this new survey. Here is my personal summary and perspective of some of the information on wages  read more »
Executive Salary as a Guide to Investing
Friday, February 27, 2009
A review of 2008 salaries for mining company executives as a guide to investing in the company.  read more »
Exploration Salaries
Monday, January 26, 2009
The start of Roundup prompts us to look at exploration salaries world-wide. Luckily there is the CostMine survey "Exploration Salaries, Wages & Benefits" to help us do this. read more »
Uranium Mining the Grand Canyon
Friday, December 12, 2008
The Grand Canyon is uranium country. It is also great vacation country. A move by the Bush administration to limit Congress’s power to prevent mining on public land makes me wonder if soon-to-be out-of-work Republicans are not more interested in vacation property than mining property. read more »
Canadian Mining Jobs
Friday, October 31, 2008
A Career in Mining is a website funded by the Canadian taxpayer. In spite of this obvious bias, it has some useful information about jobs in mining. read more »
Reviewing Resource Models
Tuesday, October 21, 2008
The following piece is repeated from an AMC Consultants newsletter. I make bold to post it here as, in my opinion, it establishes a standard of care that should constitute standard practice. read more »
Investment Rules
Friday, October 03, 2008
Here are some investment rules to help you through the recent stock market turmoil. The first two rules are obvious and apply with force to investing in mining companies read more »
Herbert Hoover and the Principles of Mining
Monday, September 29, 2008
Herbert Hoover was both a mining engineer and a president of the United States. His book Principles of Mining provides fascinating insight into old ways of mining and investing.  read more »
Five Finger Investing
Wednesday, September 24, 2008
The rule to follow for successful mine investing is the five finger rule: five countries, five companies, and five commodities read more »
Zuma and African Mining
Monday, September 22, 2008
South Africa is again in a state of change. The second ANC president, Mbeki has resigned opening the way for his bitter rival Jacob Zuma to take over. The question that concerns mining people is: what will a Zuma government mean for mining? read more »
Making Money in Troubled Times
Wednesday, September 17, 2008
With elections in Canada and the United States in the near future, it is conceivable, although admittedly unlikely, that one or two candidates may refrain from clever sound-bites and actually address the fundamentals. In the meantime, all you can do is count your savings, judiciously hold/sell falling stocks read more »
John Higgs Consulting
Tuesday, August 05, 2008
The front line of mining may well be trucks and shovels, but they could not operate unless backed up by a reliable supply chain. An intriguing insight into how supply chains work comes from the website of John Higgs Consulting. read more »
Political Risk
Friday, July 25, 2008
Political risk may be defined as the risk that a host county will take action or fail to take action that interferes with a foreign investment. read more »
Mine Closure Costs As They Affect Investment Decisions
Monday, July 21, 2008
A significant issue when deciding to invest in a mine is the closure plan. Similarly, a significant issue when deciding to invest in a mining company is the extent of its liability for closure of one or more of its mine properties. read more »
Oil Sands Idle Thoughts
Friday, July 18, 2008
I am in Fort McMurray to do real engineering work at one of the oil sands mines. I am here to test new technology to close the mines and protect the environment. read more »
Merger or 'Murder' Agreements?
Wednesday, July 09, 2008
Last week one of our clients called in and asked for assistance with a ‘Murder Agreement’ which was Freudian slip and he actually meant Merger Agreement!  read more »
Flex Management Solutions
Tuesday, June 24, 2008
Here is an interesting project management website: www.flexmanagementsolutions.com. It has project management and programme management documentation such as manuals and templates. Here is more information from their newsletter. read more »
Mineral Asset Valuation
Thursday, June 05, 2008
In a Bloomberg journalist’s words, “Goldman Sachs cut its ties with the Institute of International Finance, a lobby group now best known for floating one of the dumbest regulatory proposals to emerge from the subprime-mortgage debacle.” read more »
Mining Salaries
Tuesday, May 20, 2008
Nobody will ever tell you their salary. That is generally because it is less than they would like you to believe. read more »
US Coal Mine Salaries 2007
Tuesday, March 11, 2008
The 2007 Survey Results of U.S. Coal Salaries, Wages, and Benefits gives you the information you need to establish if you are getting a fair salary or wage. read more »
International Reporting Codes - Sources of Publication
Friday, February 29, 2008
For those of us involved in the minerals industry, locally and internationally, there is now, a combined source for all the major international reporting codes. read more »
GoldSim Financial Evaluator
Friday, February 22, 2008
Ever on the lookout for another piece of software that helps the engineer, scientist, and technical folk analyze financial systems in the mining industry, my attention was turned to the GoldSim Financial Module. read more »
Monday, January 21, 2008
At a recent conference, I stopped by the only booth that offered the cover of potential knowledge. It had pictures and maps of the South African Witwatersrand gold fields and the name WITS GOLD in prominent display. read more »
Surface Mining Association for Research & Technology
Wednesday, January 09, 2008
SMART is an association of mining companies that coordinate the technology development needed by the mining industry. read more »
Israel’s 2007 Diamond Trade Figures Best Ever
Thursday, January 03, 2008
Israel’s diamond trade figures for 2007 showed a substantial rise in all areas, making 2007 the best year ever for the Israeli Diamond Industry. read more »
Inferred Resources
Tuesday, December 04, 2007
Most of us involved in the minerals industry are well aware of the definition of an Inferred Mineral Resource as described in the South African Code for Reporting of Mineral Resources and Mineral Reserves (SAMREC Code). read more »
NI 43-101 QA/QC
Monday, November 12, 2007
Armando Simon and Greg Gosson, both of AMEC, writing in the Sept/OCt 2007 CIM Magazine on quality control reporting requirements by the mining industry, note "AMEC’s experience with numerous recent audits and due diligence studies indicate read more »
Interesting Observations in the Valuation of Junior Exploration Firms
Tuesday, October 30, 2007
The Johannesburg Branch of the SAIMM recently hosted a great presentation by Ken Lomberg of Coffey Mining on the subject of platinum Juniors active in the Bushveld Complex. read more »
Agora Tire Provides First Spot Market Price Index for OTR Tires
Monday, October 22, 2007
Agora Tire, Inc. recently announced the addition to their website
(www.agoratire.com) of the first ever spot market price index for OTR tires.
 read more »
Rescan on Carbon Inventory
Thursday, October 4, 2007
Rescan has grabbed the bull by the horns. They offer a Carbon Inventory and Auditing service. read more »
Mining Equipment Operating Costs Increase Dramatically
Monday, September 24, 2007
Newly released CostMine data shows a continuing dramatic increase in mining equipment operating costs. read more »
Calculating Additional Revenue From Accelerated Environmental Permitting
Thursday, September 13, 2007
Applied Ecosystem Services, Inc., the advanced-technology environmental consultants, provides a present value (PV) calculator on its web site that demonstrates the financial benefits possible by accelerating environmental permitting. read more »
Boka Gold
Tuesday, August 28, 2007
By now you must have read the news that Southwestern Resources is suing its ex-CEO for fraud, breach of fiduciary duty, and insider trading after realizing that he altered assay results from the Boka Gold project in China. read more »
Salaries for Miners in 2006
Tuesday, August 21, 2007
Are you being paid as much for working in a mine as you are worth? Bet somebody, somewhere, doing the same job as you, is earning more. read more »
Glencairn in Costa Rica
Wednesday, August 15, 2007
There is a lesson for us all in the failure of the heap leach pad at the Bellavista mine. Here is an edited version of the first news report I saw read more »
Cigar Lake
Monday, July 30, 2007
Cigar Lake start up is currently predicted to be sometime in 2011. When I first came across this property, startup was predicted sometime this year. The delay has affected stock prices. read more »
Technical Investing
Thursday, July 26, 2007
Do technical factors and considerations affect the price of mining shares? Do savvy investors even consider technical, as in scientific and engineering, factors in deciding to buy or sell stock in mining companies? read more »
Kevin Barker Advice
Thursday, May 31, 2007
Here is something I got from Kevin Barker, analyst and editor of The Barkerletter. I post lest we lose the advice contained herein. read more »
Montana Mining
Friday, March 23, 2007
The idea started in Montana and now is spreading across the west: no new mining unless you can prove up front that you won’t need perpetual water treatment when you shut down. read more »
High Salaries
Friday, March 02, 2007
Here is some investment advice. It may help you make money if you choose to put your hard-earned cash into mining company stocks. read more »
Venmyn Valuation
Friday, March 02, 2007
Additional perspectives on the use of the JORC, SAMREC, and Valmin, codes for reporting on the valuation of mineral properties read more »
Quality in Mining
Wednesday, February 28, 2007
Is there such a thing as QUALITY IN MINING? Has the mining industry ever practiced conventional quality programs? read more »
Cost Increases
Tuesday, February 27, 2007
2007, seems to be plagued by cost increases wherever we look. ‘Twas always thus in a new year, wasn’t it.’ read more »
Franklin Mining
Wednesday, February 14, 2007
A rare collection of technical and cost evaluation reports on a new mining project is available at the Franklin Mining, Inc site read more »
Closure Costs in Nevada
Friday, February 09, 2007
A useful checklist of items to consider when estimating the cost of closure of a mine is provided by Nevada at this link. The document is the Mine Plan of Operations Reclamation Bond Checklist read more »
Mine Insurance Costs
Wednesday, February 07, 2007
How much will it cost you to insure your mining risks? The easiest way to find out is to contact an insurance company and ask them to give you a quote read more »
Political Risk Insurance
Tuesday, February 06, 2007
What is PRI? As always the best definition of Political Risk Insurance (PRI) is at Wikipedia read more »
Climate Change and Insurance
Wednesday, February 07, 2007
The Scientific American names Swiss Re Business Leader of the Year. I suspect this is based primarily on their e-publications on the implications of climate change and hence insurance costs. read more »
Oil Sands Taxation
Friday, February 02, 2007
The news report reads (in part): “Alberta's new premier-designate wants more of the oilsands to be processed within Alberta instead of being transported as a crude resource to the United States." read more »
2007 Predictions - Blog Reply
Monday, January 08, 2007
Here is a reply to a request I made that TechnoMine readers pick their 2007 favorites. read more »
Mining and the Twelve Days of Christmas
Thursday, December 28, 2006
A blog-like review of the 2006 mining industry, mining technology, and the twelve days of christmas, and prospects for mining in 2007.  read more »
2007 Predictions
Thursday, December 21, 2006
My favorite holiday is the 4th of July. In California the day rises sunny and fresh: a bike ride to the beach; watch the parade and the politicians perched on expensive convertibles read more »
International Mine Valuation Methods
Monday, December 18, 2006
How do you put a dollar value on a property not unlike a moose pasture that returned some metal grades after few drill holes? Or an area with several holes with encouraging grades? read more »
Mining Accounting
Thursday, December 14, 2006
There are four big accounting firms. They provide services to the mining industry. Here are links to the mining pages of each of the big four and lists of their recent publications read more »
Aventurine and the Sherpa Software
Friday, November 24, 2006
If you have not previously seen the Aventurine site, you have a treat awaiting you. If you need to estimate the cost of a mining activity, you have to get Sherpa software. read more »
Cross Border Recruiting
Thursday, November 16, 2006
Salaries in the United States for folk in the upper echelons of mining are higher than most other places—except perhaps Europe. To see the salary ranges, see the mining salary surveys from Western Cost Mine. read more »
Mining Cost Service (MCS) Indexes
Monday, November 6, 2006
The Dow Jones Average tells you how much you are worth, how much money you made from wise investing, and how much you can spend on fancy goods and vacations. read more »
Mine Reclamation Cost Estimating Computer Codes
Tuesday, October 24, 2006
Why do none of the InfoMine Tools ever get used anymore? In answer to this question from a colleague, I guessed that nobody likes doing simple calculations anymore—we all like fancy black box computer codes. read more »
Risk and Evolution
Thursday, October 12, 2006
I returned from California to three packages on my desk: The DecisionTools Suite from Palisade; "Darwin's Dangerous Idea" by Daniel C. Dennett; "The Origin of Wealth: Evolution, Complexity, and the Radical Remaking of Economics." By Eric Beinhocker. read more »
Tuesday, September 19, 2006
For Industry Discussion -- this is the newly issued (August 2006) South African Code for the Valuation of Mineral Assets. The guiding principles of the code are: read more »
Cigars and Nickel
Tuesday, September 12, 2006
If you like cigars, you may enjoy this piece. If you do not like cigars, you may agree with some of the points I make. If you invest in nickel, you may have a contrary opinion. read more »
Exploration Salaries
Friday, September 15, 2006
Another window on the otherwise hidden world of salaries: CostMine (a division of InfoMine) has just released its 2006 survey of worldwide exploration salaries. read more »
AMD Cost Estimates
Monday, August 14, 2006
A computer code to establish the cost of Acid Rock Drainage? Sounds too good to be true? Not so. I quote from the Office of Surface Mining Technical Innovation and Professional Services' website read more »