Ethical Gold Mining; The Social and Environmental Future of the Mining Industry

October 14th, 2011 admin

Soltera Mining Corp. (OTCPK: SLTA) reports agreement with Goldlake Group, a world leader in the production of natural/ethical gold

July 19, 2010 รข?” (Investorideas.com mining stocks newswire) http:www.europamines.net and its leading mining investor portals, reports on developments in the mining sector and the growing demand for “ethical gold”.

With the oil and gas industry hit hard by the BP oil spill, the biggest environmental disaster in history, the mining sector is also facing pressure to meet environmental and ethical standards and a new breed of mining companies may emerge. Ethical gold is now becoming a new buzz phrase- and investors can expect to hear more about it.

Frequent contributor to Investorideas.com and other financial sites, Jon Nadler, Senior Analyst at Kitco Metals Inc. (www.kitco.com) recently wrote about ethical gold mining in his July 14th column, “The Other Price of Gold”. Jon reports “”No Blood Diamonds” is a slogan for the times. Perhaps “No Dirty Gold” should have an equal billing, five years after the establishment of the organization bearing the same name. After all, how many gold buyers are aware that a single wedding ring’s production entails the generation of 20 tonnes (that’s 44,000 lbs.) of waste?”
Full column: http://www.europamines.net

Soltera Mining Corp. (OTCPK: SLTA) is company that is shifting with the ethical gold trend and has recently announced key developments.
Dr. Fabio Montanari, President and CEO of Soltera Mining announced June 23rd that Soltera signed an agreement with Goldlake Group, a world leader in the production of natural/ethical gold from alluvial deposits in Honduras, Central America. The first objective of the agreement is to develop eluvial gold production from the El Torno property in northern Argentina.
This agreement has strategic value for both companies because on the one hand, it enables Soltera Mining to continue pursuing its goals of exploring and developing its flagship gold project El Torno through partnership with a mining entity with a solid reputation and, on the other hand, it allows the Goldlake Group to develop a new project concerned with the production of natural/ethical gold in line with the agreement to supply Cartier that has been active for one year.

Full news: http://www.europamines.net

June 23rd mining giant GOLDCORP INC. (TSX:G )(NYSE:GG) was in the midst of controversy as the Inter-American Commission for Human Rights, known as CIDH filed complaints and demanded the Guatemalan government suspend operations at Goldcorp Inc’s Marlin mine due to environmental and human rights violations. “They have to suspend operations,” Fernando Barillas, an adviser to Guatemalan President Alvaro Colom stated.

The company responded on June 30th with, ” GOLDCORP INC. (TSX:G)(NYSE:GG -) today presented its initial response to the recently completed independent human rights assessment (HRA) prepared by On Common Ground Consultants Inc. The report is the result of an eighteen month assessment of how the Marlin mine which is operated by Montana Exploradora de Guatemala, a wholly-owned subsidiary of Goldcorp, has affected human rights, and whether the Company has in place and is implementing effectively policies and procedures to mitigate the risks of potential conflicts with international human rights standards. ”

Investorideas.com will be reporting on ethical gold and mining developments in a series of ongoing articles to bring the matter to the attention of interested investors in the sector.

About Soltera Mining Corp. (OTCPK: SLTA FRANKFURT: SN7):
Soltera Mining Corp. is a unique exploration company in the sense that it is following two distinct lines of action. The first is conventional, with exploration concentrated on two carefully selected gold and base metal projects in Argentina, particularly the large-scale El Torno gold project in Jujuy. The second, less conventional action is to finance immediate small-scale gold production from a specific section of the 14 km gold-quartz vein at El Torno.

Soltera – Safe Harbor Statement: Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Information or opinions in this document are presented solely for informative purposes and are not intended nor should be construed as investment advice. We encourage you to carefully review the Company with your investment advisor and verify any information that is important to your investment decision

www.europamines.net
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Mine Jobs active In The Australian Mining Industry

October 14th, 2011 admin

There are certainly large numbers of mining jobs all over the world. There were 129,000 mine workers in Australia in 2005 and nearly 700,000 in america alone. Roughly an additional 86,000 people will probably needed for Australian mines over the next 12 years. If you are interested in a career in the mines, there are numerous to choose from.

About 10% of the personnel are professionals like geologists and engineers. The geologists discover the deposits. The engineers think of the plan that enables the operation to get started.

About 30% are trades people. Examples include electricians, mechanics, welders and machinists. But, any trade can be useful across the industry.

A large number of workers mining Australia are involved in moving, transporting or extracting the ores, oils or natural gases. There is work above ground and below ground, often depending on the kind of mine.

Driving dump trucks and operating heavy equipment are some of the positions that need experience. In some cases, special licensing is needed.

In Australia a Heavy Rigid (HR) license is required for on road trucks whereas specific training is undertaken for off-road dump trucks through the mining company. Some Australian companies provide iMINCO training courses and assistance with licensing.

Along with actual mining jobs, office workers and support personnel are needed at most mines. All companies need secretaries, administrative assistants, accountants and payroll clerks, regardless of industry.

In remote locations, you can find cooks or chefs in the mines. Kitchen staffs, cleaning crews and maintenance specialists are also needed.

Australia’s Challenger goldmine, for example, has a full-time staff of nearly 100 employees that fly in and out on a rotating roster. Free meals and modern housing with all the amenities are among the perks for workers in remote locations. The perks help make up for any time spent away from home.

Australian university students can apply for “Vac Work”or mine traineeships, that are paid mining jobs offering hands-on experience. This is one method to establish a relationship with an employer and earn some money.

While there are several positions for the people with no experience, one way to get started in the industry is to consider courses befitting the kind of job you’re looking for. Since the salaries and benefits are good, the mines get a large number of applicants for each position so you’ll want to be noticeable up against the other candidates.

If you don’t have mining experience then it’s the applicants with the best training who are more inclined to be chosen for the highest paying mining jobs. Using a well-written resume helps too as it’s your initial contact with any employer. It is crucial to make it mining specific.

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The Coal Mining Industry & Investing In It

October 14th, 2011 admin

Coal is one of the most important natural resources that have been used for centuries in various manufacturing processes, utilities and transportation. Although coal is being replaced by numerous alternate sources of energy, coal will still remain as one of the safest investment opportunities for years to come.

The History Of Coal Usage

Coal was initially used as a domestic fuel, until the industrial revolution, when coal became an integral part of manufacturing for creating electricity, transportation, heating and molding purposes. The large scale mining aspect of coal was introduced around the 18th century, and Britain was the first nation to successfully use advanced coal mining techniques, which involved underground excavation and mining.

Initially coal was scraped off the surface by different processes like drift and shaft mining. This has been done for centuries, and since the demand was quite low, these mining processes were more than enough to accommodate the demand in the market.

However, when the practical uses of using coal as fuel sparked industrial revolution, the demand for coal rose abruptly, leading to severe shortage of the coal output, gradually paving the way for new ways to extract coal from under the ground.

Coal became a popular fuel for all purposes, even to this day, due to their abundance and their ability to produce more energy per mass than other conventional solid fuels like wood. This was important as far as transportation, creating electricity and manufacturing processes are concerned, which allowed industries to use up less space and increase productivity. The usage of coal started to dwindle once alternate energies such as oil and gas began to be used in almost all processes, however, coal is still a primary fuel source for manufacturing processes to this day.

The Process Of Coal Mining

Extracting coal is a difficult and complex process. Coal is a natural resource, a fossil fuel that is a result of millions of years of decay of plants and living organisms under the ground. Some can be found on the surface, while other coal deposits are found deep underground.

Coal mining or extraction comes broadly in two different processes, surface mining, and deep excavation. The method of excavation depends on a number of different factors, such as the depth of the coal deposit below the ground, geological factors such as soil composition, topography, climate, available local resources, etc.

Surface mining is used to scrape off coal that is available on the surface, or just a few feet underground. This can even include mountains of coal deposit, which is extracted by using explosives and blowing up the mountains, later collecting the fragmented coal and process them.

Deep underground mining makes use of underground tunnels, which is built, or dug through, to reach the center of the coal deposit, from where the coal is dug out and brought to the surface by coal workers. This is perhaps the most dangerous excavation procedure, where the lives of all the miners are constantly at a risk.

Investing In Coal

Investing in coal is a safe bet. There are still large reserves of coal deposits around the world, and due to the popularity, coal will be continued to be used as fuel for manufacturing process. Every piece of investment you make in any sort of industry or a manufacturing process ultimately depends on the amount of output the industry can deliver, which is dependent on the usage of any form of fuel, and in most cases, coal.

One might argue that coal usage leads to pollution and lower standards of hygiene for coal workers. This was arguably true in former years; however, newer coal mining companies are taking steps to assure that the environmental aspects of coal mining and usage are kept minimized, all the while providing better working environment and benefits package for their workers. If you can find a mining company that promises all these, and the one that also works within the law, you can be assured safety for your investments in coal.

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