Posts by Michael Allan McCrae:

Centerra Gold says Kumtor operation returning to normal

Centerra Gold projects $5 billion in revenue from Kumtor open pit mine

Using a gold price of $1,000 per ounce, the Kumtor open-pit LOM plan has been used to project the net cash flow for the open pit operations for the period of January 1, 2011 to 2021. Total gross revenue from the sale of gold and minor silver credits are estimated to be nearly $5.0 billion while direct operating costs are estimated to be $1.9 billion or $385 per recovered ounce of gold produced.
Michael Allan McCrae | March 23, 2011 | 5:38 am
smelter

Indian mining industry to face skilled manpower shortage

India, ranked among the top five global players in production of several major minerals, is poised for rapid growth in its mining industry - about five percent of the GDP. However, lack of skilled workers is set to hit the industry, creating a demand-supply gap of over 2,200 people by 2025, according to a study on mapping of human resources and skills for the mining industry in India by Confederation of Indian Industry (CII).
Michael Allan McCrae | March 14, 2011 | 5:28 am

Coal to get the reality television treatment

Thom Beers, the man behind the popular reality television series Deadliest Catch and Ice Road Truckers, is now producing a series about coal mining in Appalachia. Coal premieres on Spike TV this spring with the first show airing at the end of this month. You can already see episodes on Spike TV's website.
Michael Allan McCrae | March 10, 2011 | 7:33 pm