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Gold Miners Hunker Down Amid Financial Storm

“Our company and our industry are currently operating in an unprecedented macro business environment, consisting of extreme commodity price volatility, mass portfolio liquidation, global inflation and limited, if any, access to capital,” Newmont Chief Executive Officer Richard O’Brien said.

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Drywashing and Detecting for Eluvial Placer Gold Research is the Key to Success—Part II


Before heading out to work the same old ground, or blindly seeking a previously unknown gold placer area to drywash or detect, maybe you would benefit from doing a little research.

California State and US National Gold Panning Championships


This was two days of gold panning, with just over 250 gold panners trying to win a medal to show they were one of the best of the best.

Company Notes


• Canyon Resources
• Vista Gold Corp.
• Placer Dome Inc.
• Royal Gold, Inc.

Iron Ores and Iron Mining


For more than 40 years, iron ore prices have been decided by private negotiations conducted between the largest of the iron miners and the largest steel producers. These two sides dominate both the spot and contract iron ore markets.

Molybdenum


Molybdenum, referred to as “molly” by miners, is a white metal that is alloyed with iron to form hard, tough and strong steel. It was first used in World War I for armor plate on ships. Nowadays, molybdenum is routinely used to harden structural and tool steel, and to reduce corrosion.

Beryllium in Utah


Much of the world’s supply of beryllium is mined by Brush-Wellman, Inc., at Spor Mountain, Utah. The district is in a harsh desert environment which receives only 6 inches of precipitation a year, barely enough to support scrubby desert growth.

Picks & Pans: Diamond Hunting in Wyoming


Rod Griffin and I have spent most of our free time looking for the hard-to-find diamonds, and have found ourselves involved with wildlife, obstacles, bad roads, streams, bogs, bulls—you name it.

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The Bawl Mill   • Mining Journal Contest   • Bullion River's French Gulch Gold Mine   • Montana Tunnels Gets Final OK   • Reading A River: Finding The Paystreaks—Part I   • Lluvia de Oro—A Shower of Gold Awaiting Development in the Sierra Madre—Part II   • From Hand Sluice to Dredge   • Melman on Gold & Silver (2008 Year in Review)   • Chavez Eyes Venezuela’s Largest Gold Mine   • Mining Stock Quotes and Mineral & Metal Prices

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