The Tangential Impulse Water Wheel in California Gold Mining History—Part II
March 2004 by Guest WriterEven before Pelton relocated in San Francisco in 1888, many other competitive foundries and machine shops chose to enter the water wheel market. These firms were already busy with the mining trade, producing hoists, stamp mills, ore carts, Cornish pumps, crushers, grinders, compressors and drills.
The great transition has now occurred as we move away from the Age of Fed Chairman Greenspan and into the Age of Fed Chairman Bernanke. However, Mr. Greenspan was kind enough to leave a last-minute parting gift by raising the overnight lending rate to 4.5% on his last day in office, January 31, 2006.
Environmental regulators ordered Jerritt Canyon Mine near the Nevada-Idaho line closed on May 30 for failure to install equipment to control mercury air emissions. Yukon-Nevada blamed the failure on needed parts that didn’t arrive in time.
Time is a commodity which if traded would dwarf the price of gold. Nobody has enough of it; we can’t make more of it; and whether squandered or spent wisely, once gone, it’s gone forever. To find gold we have to spend time.
Two years after the Bre-X gold mine scandal, the Toronto Stock Exchange proposed dozens of measures February 2 to protect investors from future mining-industry scams.
Somehow, we received the impression from these two gatherings and from other conversations that bureaucrats in general are simply not aware of how difficult it is to raise capital to finance mining operations and how important it is for newer companies to show true progress in order to receive further financing.
Wyoming mining interests say the federal government doesn't need tougher environmental cleanup rules governing mineral extraction from public lands.
After years of negotiations between environmentalists and industry groups, observers say efforts to reform the 1872 Mining Law may finally pick up steam in Congress.
The Bawl Mill • Our Readers Say • Fair and Balanced? If You Have the Cash • Pocket Gold in Gneiss • Australian Prospector Detects 150-Ounce Nugget • Picks & Pans: Dredging After The Flood • Mining Industry Enthusiastic About Prospects • Looking For Gold in All The Right Places • Fraser Institute Ranks Best Regions for Mining Investment • Ask the Experts: Recommended Reading—Part II • Red Lake, Ontario • Company Notes • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices