Copper Mine Opening in Utah
April 2006 by Associated PressA second copper mine is opening in Utah with prices for the metal at their highest in a decade.
The gold and copper deposits at Oyu Tolgoi, or “Turquoise Hill,” are among the largest ever found and could give impoverished Mongolia its biggest boost since it abandoned communism 15 years ago—if the Mongolians can figure out how to profit from it.
Of all the difficult gold placer sites to evaluate, none can compare with trying to dig to bedrock through twenty or thirty feet of soaked overburden through which water is slowly seeping downgrade.
Gold mining companies are being conservative in asset valuations despite recent spikes in gold prices in terms of US dollars, according to a survey by PricewaterhouseCoopers.
“JP, is it possible to make a living looking for gold with a metal detector?” I get asked this question a lot...
• California suction dredgers had better prepare for battle
The Bawl Mill • Federal Court to Address Dredge Permits—The Tulloch Rule • Basic Geology for the Independent Miner—Part IV Geology of Hardrock Gold Deposits • Economic Impact of Mining in Alaska • The Kenai Peninsula Goldfields • Copper Price Keeps Canadian Miners Busy • The Business of Mining: Financial Recoveries for Mandated Changes • Utilizing Geologic Maps • The Rich Hill Outing • Picks & Pans: Detecting at Ganes Creek • Future of Mining in Bolivia Uncertain • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices