China is eager to address one of the primary culprits behind its alarming coal mining fatalities, as evidenced by the Pre-Mining Degasification Symposium held in South China’s Guizhou province on March 31st and April 1st. Sponsored by the province’s Coal Mines Administration Bureau and the Coal Mine Safety Inspection and Supervision Bureau, coal mining executives gathered in Guiyang, a modest-sized…
Tag: Mining
How Did Isl Uranium Mining Begin
It’s time to rewrite the history books. In Situ Leach Mining (ISL), or Solution Mining, was not first commercially started in Bruni, Texas in 1973 by Westinghouse, a consortium of oil companies and others. The birthplace of ISL was never South Texas, as some have claimed. It was begun in Wyoming, about 16 years before an ISL operation was started…
Why Gold Fluctuates
Annual Gold Prices for the past 5 years show that in 2005 the gold price had the biggest annual dollar increase, with an increase of over $80. A chart of annual gold prices over the last 30 years looks like a rollercoaster. Exploration and development expenditures include all of the costs associated with manpower and activities such as geologists, contractors,…
Why Does A Company S Uranium Resource Calculations Double
Have you ever wondered how a uranium company’s “resource calculation” can increase, sometimes even double? I did and I began making inquiries about this. In February, during a meeting, it was a topic of discussion with William Boberg, Chief Executive of UR-Energy (TSX: URE). I have also had talks with David Miller, President of Strathmore Minerals (TSX: STM; Other OTC:…
The Biggest Risk In Mineral Exploration Dilution
Equity issues invariably form an integral component of a corporation’s growth cycle. But they also result in dilution for existing shareholders, and too much dilution often turns a carefully crafted investment profile upside down. Take hundreds of junior mining companies as a classic example: exploration exercises, triggering repeated issuance of shares, have caused so much dilution that shareholders can only…
Rising Commodity Prices Causing New Turmoil Through The Mining Sector
The Gold and Silver Index (XAU) is holding steady above 120, having reached a high above 156 in January, a level it had not seen since September 18, 1987. The spot uranium price is higher than it’s been since January 1980. Crude oil? Filling up your gas tank should remind you that oil prices are still painfully high. So all…
How Diamonds Are Mined
We seldom think about how the diamonds we wear came to us. Natural diamonds, as opposed to synthetic diamonds or fake diamonds, are mined from the earth. There are currently two methods of mining diamonds: Pipe Mining and Alluvial Mining. When pipe mining is used, the diamonds are extracted from the earth through volcanic pipes. These are not man-made pipes.…
Earth S Population To Drop By 80 Percent Says Top U K Scientist
Some like it hot. According to environmentalist James Lovelock, we’ll get plenty of hot between now and the end of the century. “We are so far down the path toward the hottest we have been, since we were 55 million years ago,” Dr. Lovelock, who is also a leading atmospheric scientist, told StockInterview in a tape-recorded interview last week, “that…
To Invest In Sweden S Uranium Exploration Or Not
There is a compelling political development in Sweden you should know about. The outcome could very well impact the world’s anti-nuclear movement and open the doors to a wave of more aggressive nuclear energy build up. Sweden has long been a bellwether for social progress and change. Shortly after Three Mile Island, the Swedes held a referendum on expanding nuclear…
Surf S Up Down Under
Lucky? This lucky country’s economy is on a record-breaking 14-year roll. The big question: Will it continue? Just imagine: From a few convicts dropped ashore in 1788, Australia has developed into a first-class global economy. The reforms enacted by former Prime Minister Bob Hawke and Treasurer Paul Keating during the 1980s set the stage for a remarkable run of prosperity.…