Miner Issues
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Miner Issues
Politics. Social. Sustainability. Nationalism. Environmental. All the issues impacting mining.
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World's richest man Carlos Slim's mining firm run out of town | MINING.com

World's richest man Carlos Slim's mining firm run out of town | MINING.com | Miner Issues | Scoop.it
Minera Frisco suspends exploration near Tetela de Ocampo after protests by residents and environmental activists.
Gary Dillard's insight:

It's not just foreign firms that face the wrath of locals when trying to develop resources.

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Argentina freezes prices to break inflation spiral

Argentina freezes prices to break inflation spiral | Miner Issues | Scoop.it
Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation.
Gary Dillard's insight:

Some nations just don't get it. Argentina needs to treat its foreign investors in resource development better. That would go a long way toward creating a situation in which government controls (which won't work) are unneeded.

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HudBay sees lower copper output in 2013, Peru mine on track | MINING NEWS Today

HudBay sees lower copper output in 2013, Peru mine on track | MINING NEWS Today | Miner Issues | Scoop.it
HudBay sees lower copper output in 2013, Peru mine on track | MINING NEWS Today http://t.co/9PR9kCkP
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Highest Ever One-Day Sales for American Silver Eagles? | Coin Update

Highest Ever One-Day Sales for American Silver Eagles? | Coin Update | Miner Issues | Scoop.it

Today, January 7, 2013, the United States Mint began accepting orders from authorized purchasers for 2013-dated American Silver Eagle bullion coins. The opening day sales tally of 3,937,000 coins seems to represent the highest one-day sales total in the history of the program.

In recent years it has been typical for the Mint to experience the strongest sales for Silver Eagle bullion coins on the first day of availability for newly dated coins. Last year, orders had been placed for 3,197,000 Silver Eagles on the first day of availability for the 2012-dated coins. In 2011, opening day sales had measured 2,085,000 coins, and in 2010 opening day sales had measured 2,440,000 coins.

Gary Dillard's insight:

Though funds may be limited, people are doing what they can to invest in hard currency.

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Canada Facing Critical Engineering Market Skills Shortage

Canada Facing Critical Engineering Market Skills Shortage | Miner Issues | Scoop.it
A study recently released by Engineers Canada on the engineering labour market in Canada shows that Canada is facing a short supply of engineers with more than 10 years of specialized experience.
Gary Dillard's insight:

It's not just engineers and it's not just Canada. For mining to continue to grow, especially as margins get thinner, there will be a need for more well-trained people — or more robots!

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Miner Issues · Are taxes, jobs, spending not enough for some nations?

Miner Issues · Are taxes, jobs, spending not enough for some nations? | Miner Issues | Scoop.it

In a public statement that seems counter-intuitive, the president of Mongolia argues that because the huge new copper/gold mine has cost its developer more, the nation should have more control of the operation.

Mongolia isn’t alone in its reasoning. More and more lesser-developed nations (if that’s still the PC term) that rely heavily on foreign investment in resource development are going out of their way to make their nations less attractive for such investment.

Gary Dillard's insight:

Developing nations don't seem to understand how best to capitalize on their resources. There's a narrow path between being taken advantage of and running off your benefactors.

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New project aims to recycle toxic mining residue into bricks in Peru

New project aims to recycle toxic mining residue into bricks in Peru | Miner Issues | Scoop.it
A project that turns mining residue into recycled bricks has received funding from the ministry of production’s Research and Development Fund for Competitiveness (FIDECOM).

 

The project, which was developed by the San Pablo Catholic University of Arequipa, will include a prototype plant that would produce bricks made out of the cyanide residue that is left from the processing of gold. Miguel Barreda de la Cruz, a professor at the San Pablo Catholic University of Arequipa and one of the authors behind the project, said the recycled bricks comply with all quality, environmental, and safety standards, Peruthisweek.com reported quoting Andina news agency.
Gary Dillard's insight:

Is it becoming a reality that there will be no such thing as "waste?"

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China buys another Gold asset in Australia

China buys another Gold asset in Australia | Miner Issues | Scoop.it
Major Gold companies such as Shandong Gold, Zijing Mining and Zhaojin Mining are already in the fray for overseas takeovers, analysts said.

 

PERTH(BullionStreet): As part of it's efforts to boost gold reserves, China acquired yet another gold asset in Australia.

China's Hanking Gold Mining said it had acquired St Barbara's Southern Cross mine in the WA goldfields for $22.5 million.

The acquisition follows the sale of several other WA mines to Chinese companies over the past six months.

Gary Dillard's insight:

Even though China is the world's largest gold producer, it sees reason to get first dibs on even more bullion. Should we?

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