 |
||||||
|
||||||
| What's new this month at www.infomine.com | ||||||
| News | Companies/Properties | Countries | Suppliers | Careers | Publications | ||||||
We are pleased to announce that on July 1 2006 the staff of Western Mine Engineering, Inc., based in Spokane WA, USA, joined the InfoMine team as InfoMine USA, Inc. to unite in a common goal of providing the most comprehensive source of current, factual, and credible mining information. Over the years, Western Mine Engineering has developed a well-known reputation for its dedication to the provision of mine cost data and mine cost advice allowing clients to make more informed mining decisions. This dedication will now continue under the InfoMine brand. Over the next several months we will be making significant improvements in the amount and range of mine cost information we will provide and in the manner in which it is presented. We will be combining Western Mine's mine cost analytical skills with InfoMine's internet skills to deliver more efficient and interactive ways to receive mine cost data. For now, the website http://www.westernmine.com/will remain intact, but in time it will be fully integrated into the http://www.infomine.com/. You are encouraged to visit both these sites frequently to watch how this process develops. Like InfoMine, Western Mine's product development has always been based on advice received from its clients. This process will continue through the powerful communication capabilities of the internet. Please send any comments you may have directly to Otto Schumacher, President of InfoMine USA, Inc. Every comment will be given full attention and consideration. InfoMine USA, Inc. has assumed the office space, telephone and fax
numbers of Western Mine Engineering, as follows: |
||||||
| Equipment | Technology | Events | Professional Development | Consultants | Investment | ||||||
|
||||||
| ||||||
InfoMine NewsWrap-up for June 2006Too much good news leads to too much bad newsThe state of the mining industry in 2005 was great, according to a survey by PricewaterhouseCoopers, and that may be the problem. In its third annual review, released in early June, the survey noted that the mining industry in the last two years had outperformed the S&P 500 and the Dow Jones by over 300%. Some other highlights from the report were the following:
The one concern raised by mining executives who were surveyed is that strong investment flows into the commodities market could trigger a dramatic fall in prices. "(The funds) have assisted the increase in commodity prices, but are expected to be ruthless in bailing out when they see better opportunities and this will have a far greater impact on commodity prices than the industry has been used to," said Tim Goldsmith, leader of the PricewaterhouseCoopers mining industry survey in Australia, in an interview with Australian Associated Press. "The recent volatility in prices could be a sign of things to come." A writer for TheStreet.com put the size of the mining sector and its potential vulnerability into perspective. Howard Simons, in a piece entitled Big Bucks, Small Markets, takes the mid-May spot price of lead and zinc, two very prosaic base metals, and multiplies these figures by the estimated worldwide output in 2005. Simons comes up with a value of US$4.193 billion for lead and US$37.309 billion for zinc. Simons writes the following: "Where would such totals rank in the market capitalization of the S&P 500? Zinc would rank between Prudential Financial and Lehman Brothers at No. 76 on the list, while lead would rank between Alberto-Culver and Molson Coors Brewing at No. 433. For the market capitalization of Freddie Mac, No. 67 on the list, you could have bought the entire world's 2005 combined mine production of lead and zinc. Is it any surprise that a flood of money could push, and has pushed, the base-metals markets higher? The volatility people are worried about seems to be here already. Since reaching a 25-year high of US$714 an ounce in mid-May, gold is now well under US$600 an ounce. Here at InfoMine, we have noticed a distinct cooling in the number of financings. During the first half of May, InfoMine ran 67 stories about property financings. In June, that number declined to 40—a 39 percent drop. Check the news section each day for the latest mining stories. You can also subscribe to our Headline News Digest. News subscribers can sign up for our specialty publications, Diamond Digest and Gold Digest. InfoMine Supplier Product NewsThe suppliers section has launched a new service, highlighted prominently on the suppliers' homepage above the press releases and editorials, to showcase new product announcements. It is called New Products. This service is available to all potential buyers and visitors to the suppliers' homepage, which is viewed 30,000 times per month by over 100,000 visitors. Each new product showcase will remain on the homepage for one week. If you have new product news the mining industry needs to know about, please submit this conveniently through our online form, either as text or a formatted file such as a Word or Adobe pdf file. InfoMine Supplier EditorialsPresident Bush Signs Mine Safety Legislation - by Industrial Minerals AssociationCongress has passed, and the President has signed into law, the Mine Improvement and New Emergency Response Act of 2006 (commonly known as the MINER Act). IMA-NA undertook a strong campaign on Capitol Hill to ensure that the interests of the industrial minerals industry were served, and is pleased with the results of that effort. For example, the final legislation focuses primarily on underground coal. These provisions that apply equally to coal and metal/nonmetal operations, such as the new, mandatory minimum penalties, target mine operations that flagrantly violate mine safety standards. "The MINER Act is a shining example of statesmanship," said IMA-NA President Mark Ellis, "Congress should be applauded for its hard work in crafting bipartisan legislation supported by both industry and labor. Swift passage of this legislation reflects our common concern for the well-being of the mining workforce." more... MineSuite meets underground challenge - by Sean Pearce of Mining Zinifex Rosebery MineMinifex Rosebery Mine, an underground lead-zinc operation on the West Coast of Tasmania, has been operating in its current form for more than 60 years. Mining has taken place in the area for more than 100 years. The mine has historically had a five year life for the past 40 years. Recent underground exploration indicates that the orebody is not closed off at depth, plunging down dip to the north of the mine. Rosebery is one of the deepest mining operations in Australia, relying on a combination of truck haulage, internal shaft hoisting and a rail haulage system to deliver ore to the concentrator. In 2003, taking into account advances in truck design and truck haulage technology, the mine decided to decommission the internal shaft and rail haulage systems. more.. Professional Development
|
||||||
| = Click here if you no longer wish to receive the InfoMiner = | ||||||
| © InfoMiner Inc., 2004 - 2006 |
The Kidd Mine is in
northern Ontario, 500 miles northwest of Toronto. The mine began operation
in 1966, producing copper, zinc, and other base metals. The deposit is one
of the largest and richest volcanogenic massive sulphide deposits in the
world. 
Visit Kidd Creek's