Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and Barkerville Mountain.


OTCQX:BGMZF - Post by User

Bullboard Posts
Comment by Czechlateon Feb 08, 2015 5:35pm
77 Views
Post# 23408959

RE:Still think Mt. Polley wont affect BGM ??

RE:Still think Mt. Polley wont affect BGM ??

Czechlate wrote:

Mt Polley Implications for World-Wide Mining

DSCF4486

The blogger muse prompted by opera & brandy demands release of mental pressure. Thus a second posting on Mt Polley in one day.

This afternoon, I was asked what the implications of Mt Polley were to mining world-wide. Some of the answers, unpremeditated, I gave.

Every mine will have to have an Independent Review of their tailings facility. And if they do not, only foolhardy investors will invest.

Every new mine will have to do filter-pressed tailings or fully justify why not. There are many mines in operation and planned that do it.

Existing tailings facilities with wet, fluid tailings will have to install wick drains immediately upstream of the embankments in order to dewater the tailings.

No more water storage on the tailings facility. Thus big water treatment plants.

Mines with acid generating tailings may continue with water covers. But only if they have a second, downstream embankment and empty reservoir to contain tailings in the event of a breach of the main dam. Just like so many California water dams. And just like Ekati in the Northwest Territories. No excuses, there is already a mine that does it, and they do not have acid generating tailings.

Backfill underground mine workings with tailings, and put only the least possible volume of tailings above ground.

Have an independent consultant, not part of the review panel, prepare a quarterly report on the status of the tailings facility. And make this report public and reassure investors. They have done this in South Africa since the failure of Merriespruit, and they have had no failures since.

Not every ore body will become a mine. Only those of rich potential and sufficient income to do the above will be developed. Thus mines in dry places like Nevada and the Atacama are good places for new mines. Wet places like British Columbia will have to, like Greens Creek, Alaska, go filter pressed or double embankments.

Andy Robertson speculates that we have reached a turning point in the size and height of new tailings dams. There is one planned to go more than 300 meters. Maybe this will be the highest we will go. For the risk and consequences of failure are proportional to dam height.

All this will cost money for existing mines. All this may stop development of many a new ore body. The technology of tailings management will change. And thus the mines developed and their economics have changed.

For the mining industry will not survive four tailings failures a year indefinitively. Fun as it has been to write a paper each year for the Tailings and Mine Waste conference on the four tailings failures in 2012, 2013, and 2014, I cannot go on. The four a year I have written about is but the tip of the iceberg. Each year there were more failures not made public. There were many more serious near-failures that were prevented only by heroes.

The Mt Polley reviewers say that if we do not change things there will be two more tailings failures in BC in the next decade. This number is probably correct if you consider that we have four in each of 2012, 2013, and 2014. Thus another 40 in the next ten years. If you postulate that worldwide there are twenty areas of mining with a comparable number of tailings facilities to BC, you get two failures per decade per mining area. Anyway you calculate it, four a year, two a decade by area is the way it will be, unless there is drastic & dramatic change.

Mt Polley Warrants and Cherry-Picking

DSCF4477

As we emerged from the elevators this evening, we were confronted by a phalanx of reporters and photographers. Luckily they did not recognize a notorious blogger or my companion, a famous tailings engineer. They did not take our photos. They were waiting for officials of Imperial Metals whose offices are in the same building as ours.

We knew that the search warrant had been acted on and the computers of Imperial Metals had been seized–see this report. Part of the report says;

The B.C. Conservation Service executed search warrants at the Mount Polley mine and the Vancouver offices of its owner Imperial Metals Tuesday night, in relation to the spill of 25 million cubic metres of waste from the mine’s tailings pond last August

Insp. Chris Doyle with the conservation service said the search warrants were issued to support a joint investigation by the B.C. Conservation Service, the RCMP, Environment Canada and Fisheries and Oceans Canada.

An investigator seizes evidence from the offices of Imperial Metals in downtown Vancouver. “The investigation primarily focuses on offences related to the Environment Management Act and the Federal Fisheries Act, but is not limited to these acts,” he said.

This is scary stuff. We wondered if this is the first step in future litigation and even the fall of Imperial Minerals. Certainly seizing computers is an aggressive act by the government.

The First Nations affected by the tailings facility failure today issued a statement to this affect:

First Nations Summit Grand Chief Ed John said the resulting “massive breach of public confidence” means the province cannot afford to cherry-pick from the conclusions of a report into a tailings dam failure in the province’s Interior.

“I think when you mix water and tailings it’s a recipe for disaster,” John told a news conference Tuesday, commending the work of a government-ordered expert panel that blamed poor dam design for the collapse at the open pit gold and copper mine.

“We urge the province of British Columbia … to know and understand this is not a smorgasbord,” said Grand Chief Stewart Philip of the Union of B.C. Indian Chiefs about the seven recommendations.

He called on the B.C. government to take immediate action in implementing the panel’s conclusions.

“There has to be serious mining reform, there has to be safer oversight,” he said, adding the need for an overhaul of the regulatory regime.

Point is that all the panel’s recommendations must be implemented as a whole. I am told the mining industry is screaming blue murder about no water on the tailings facility, filter-pressed tailings, comprehensive probabilistic water balances, factors of operating safety greater than 1.5, and so on. The mining industry must be lobbying the politicians to limit future changes to an Independent Review Panel

Not enough; on the basis of a story I heard today about an Independent Review Panel that was repeatedly ignored with the result that millions were spent on inappropriate site cleanup works. Now the Federal government is asking how taxpayer dollars were wasted as a provincial government and American consultants managed to suppress the Independent Review Panel’s findings. A fascinating story that will come out eventually we hope. But for now it proves that Independent Review Panels are powerless in the face of intransigent project folk and hence are totally insufficient to implement the Mt Polly panel’s recommendations.

Minister Bennett must lead and announce that all the panel’s findings are now required practice by the BC mining industry. Anything less and we will have at least two more Mt Polleys in the next decade. And the mining industry will not survive that.

PS. Today I also learnt that in Brazil, the standard practice is to use a factor of safety of 1.3 for operating tailings facilities. Recall that last year the failure of a tailings facility in Brazil killed three people. Being a Latin country, no official report is planned, so we probably never know more. But now we have two instances where a factor of safety is in fact a probability of failure of certainty.


So Wango since your back tell me again how Mt. Polley has nothing to do with BGM !!!

Bullboard Posts