Ivanhoe Partners With Rio Tinto
November 2006 by Scott HarnIvanhoe Mines announced that Rio Tinto will invest $1.5 billion to engineer, construct and operate Ivanhoe’s Oyu-Tolgoi copper and gold project in the South Gobi region of Mongolia.
As I started walking down to the river one chilly morning, the mist was hanging over the calm portions of the water like a white cotton blanket. This scene got me to thinking about why the river was like that—the deep pools, boulder fields, gravel bars, the effects of how much water was moving at any given time along the watercourse—and most of all the relationship all these things have on where I will be able to find gold.
I understand that a person without geological knowledge could be daunted reading a geological publication. You can pick out the good stuff from a geological publication without a lot of geological knowledge.
The good news about boulders is they can trap heavy minerals. The bad news is moving them out of the way can be a real struggle.
Filing claims is actually quite easy, though there are a number of pitfalls that you should watch out for. Over the years, I have made just about every mistake you can with a mining claim, and have learned a few things to watch out for along the way.
At the Gold Quarry open-pit mine, a massive electric shovel scoops 40 tons of earth in a single bite and dumps it into a 325,000-pound truck the size of a two-story house.
It is hard to imagine any month during the thirty years I have been writing this column which had more bombshell headlines than the past thirty days.
The Bawl Mill • International Wayside Resurrects Gold Rush in British Columbia • Prospecting in Northern Sierra County, California • Government Says New Mine Will Benefit Bears • RS 2477 Fact vs. Fiction • The Nome Goldfields • Basic Sniping: Prospecting With a Pan & Simple Hand Tools • Over the Divide • Trio Accused of Stealing $1.7 Million in Gold • The Business of Mining: Swap, Trade, or Exchange • Wyoming Expects Profits from Uranium • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices