Gold/Mining/Energy | McEwen Mining


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To: JW@KSC who wrote (442)5/16/2012 1:33:01 AM
From: CEDHA2 Recommendations   of 3843
 
Hello JW

The Glacier Impacts of Los Azules Report is out. You can see our press release and download the report at:
wp.cedha.net 

You raise several VERY pertinent questions about the potential coexistence of Los Azules and glaciers, which I'd like to try to answer, and I am open to receive any further comments or questions. Given that the shareholders meeting is coming up for McEwen, maybe this is a great time to discuss these issues.

First of all, we are not ANTI mining. We are pro-glacier protection and our first priority in these cases is that we do not destroy glaciers to get at mineral deposits. Unless there's a glacier in a pit area, in most cases, you can work around glaciers, if you ensure the proper due diligence to avoid impacts. That said, you should never drill into a glacier, or plow a bulldozer through one to search for minerals. You have to draw the line somewhere I suppose, and we do draw the line around the ice ... and around the "glaciosystem" which is the natural ecosystem around the glacier which leads to its presence there in the first place. No-go zones in mining for sensitive ecological systems are a growing trend, as the world decides to what limits we want to exploit our natural resources, which I presume you would agree is a rational approach to trying to reach a balanced solution to our consumption needs with our imperious need to ensure a sustainable environment.

In the case of Los Azules, if you read the report you'll find that there are several instances where we can see exploration roads cutting into glaciers. We've looked at the proposed project design and also see some points of concern. The past impact should be rectified, roads that cut into ice returned to their natural state, and we should ensure that project infrastructure is not moving ice or placed on ice. I would think that is also a reasonable ask.

When we first approached Minera Andes' s Project Manager in Argentina, Carlos Liggesmayer, about our findings, he reacted very positively and invited criticism and even offered us a site visit with our glacier specialists to see on the ground what we were seeing from the air. We thought this was a great step forward, since no other company had been so forthcoming. Since the McEwen purchase, things have changed, though. Our invitation for a site visit which was supposed to happen in January, was postponed twice and then canceled altogether. We were told it was due to heavy rain fall and that even the drilling season might be suspended because of this. From what the company representative here told me, they were even having trouble doing any work at all. I believed this earnestly, and showed patience. After our visit was finally canceled, again, purportedly due to climatic reasons, I see press releases from the company announcing new drill results from this season. So you can take heavy and invasive machinery up to the project site and carry out intense drilling, but you can't have a small group of people surveying the land for a single day, up at the site? Hard to believe really.

To make matters worse, all of a sudden, the McEwen website put up a press release indicating there are no "ice glaciers" present at the project area (see: mcewenmining.com  This is simply false. The glaciers at Los Azules are very much "ice" glaciers; they are in fact " rock glaciers with ice in their interior. The employment of the term "ice glacier" which is NOT a scientific term used to refer to glaciers, in our view is misleading to the uninformed reader. Consider yourself when you began conversing on this issue (now you are more informed). McEwen is saying that there are no ice glaciers. The company is employing this term "ice glaciers" to mean "uncovered glaciers" but in the delivery, since the average reader has never heard of a rock glacier, what it's really is saying to the public, is that there's no ice, which is false. Go back to the first time you addressed this issue, what would you understand by

-- Continued environmental base line assessment and monitoring, including glaciology studies (no ice glaciers are present in the project area)

We approached the company on this point, to no avail. They have refused to clarify this point on the website. Then there was a meeting a few months ago held by the consultants hired to do the glacier study by Minera Andes in San Juan Argentina to present their methodology; we being really the only group working on this issue in Argentina, and probably the only stakeholder that Los Azules has that is concerned with their glacier impact, were not invited. A presentation about their work and methodology was offered to the public and to the press, we've requested it on several occasions, again to no avail. Nobody will send it to us. The environmental integrity of McEwen Mining to which you refer has not come through here in Argentina, unfortunately.

We were hoping that Los Azules would be different than other mining projects. In fact, we're working to develop a Protocol for Mining Activity in Glacier Areas, a project Xstrata has agreed to engage on, precisely to provide mining companies and the State with the guidance needed to address potential risks posed by mining operations to glaciers and to periglacial environments (permafrost, which also needs to be protected), and thought that Minera Andes / McEwen could be a potential partner in this project, which would help the entire sector, since presently there is simply NO guidance for mining companies on glacier impacts. This wish is quickly dissipating as we see the company pull back on its initial engagement.

We think that the Los Azules project can be adjusted to address the glacier impacts and risks that we see through satellite image analysis and we think that if it does and makes a strong commitment in its policy and in its practice towards glacier protection, it will serve the sector well. We need however, that the company be willing to engage and that it show commitment (not just rhetoric) to that engagement. Stating on the internet site that no ice glaciers exists is a bad start.

Perhaps this is an issue that you as a shareholder can bring up to the company. Read our report and see what we've said. We're trying to be reasonable, but also want to ensure that the glacier law is fully respected. We don't feel at present that it has been and from the images available it looks that there are already problems.

I am open to provide you with any other information that you need or answer any of your questions.
All the best, Daniel (jdtaillant@gmail.com)

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To: GogglesPisano8 who wrote (448)5/16/2012 2:14:38 AM
From: CEDHA   of 3843
 
Hello Goggles Pisano,

Actually that's not correct, glaciers are sometimes not visible from an aerial view, in fact there are glaciers that reside beneath the surface of the earth, sometimes several meters deep. There can be upwards of 100 meters of ice below the surface, invisible to the crow flying overhead ... if crows actually fly up at 4000 meters above sealevel. There are certainly CONDORS up there!

We've just published a report on the impacts to glaciers by Los Azules. You can read our press release about this and the report which is linked in the release. I'm happy to answer any questions you may have about this issue.
link to press release: wp.cedha.net 

Daniel

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From: wolfgangrene5/16/2012 11:09:08 AM
1 Recommendation   of 3843
 
Things stink, of course, but the MUX daily chart is sitting on mathematical support. Should bounce, but who knows. The MACD/ADX lines are not extreme. I'm neither selling or buying, at this point.


stockcharts.com 

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To: CEDHA who wrote (465)5/16/2012 3:04:54 PM
From: semi_infinite    of 3843
 
Daniel - I looked at the maps in your report and it shows isolated patches of permafrost. Isn't a glacier, whether ice or rock with ice, something more than isolated patches. Aren't they suppose to be continuous and flowing to be considered a glacier? Please explain or point me to a link or reference that shows how one can distinguish between a glacial mass versus a patch of icy rock. BTW I agree that water resources need to be protected.

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To: semi_infinite who wrote (468)5/16/2012 10:14:46 PM
From: CEDHA   of 3843
 
Any ice, icey rock, etc. that you may see in a satellite image is not necessarily related to a rock glacier. There may be ice because there is humidity and it's cold. You may also be looking at permafrost (or periglacial environment)--which by the way is protected by law--but not necessarily a rock glacier.

A few characteristics give us clues that we're looking at at rock glacier
1) repeat of wavey/curved lines in a flowing pattern, looks sort of like lava coming down the mountain.
2) sharp and straight inclined drop at the end of a tongue like shape
3) platform like surfaces at the very end, with small rocks on the surface
4) the rock glacier can be in the valley between two mountainsides or at the foot of mountainsides along the edge
5) they're usually on south facing mountains. rare to find them on north facing mountains, although if it's cold enough, they can be there too.

here is a small one: 31 2 59.24 S, 70 15 10.17 W ; it's oval shaped, the top is flat and edge drops off; this one doesn't have wavey rock patterns.



If you were standing about 300 meters from this glacier, it would look like this (this is a real photograph of a rock glacier, notice NO ICE VISIBLE). This one is in Jujuy Province, it's called ZENTA and it's presently the focus of an academic study.




if we pull back from the previous image, we see a bunch of rock glaciers, on both sides of this one





Finally it's worth considering this image, where we see that a rock glacier on a mountain side, this type I mentioned above, has been severed by Los Azules' access road.



You will generally NOT see ice, or icy rock at a rock glacier. It is possible in some cases that you have a mix or transition between a rock glacier and an uncovered glacier, and in some areas you may see ice, snow, etc. But in most cases, rock glaciers don't show their ice.

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To: CEDHA who wrote (469)5/17/2012 2:36:04 PM
From: semi_infinite    of 3843
 
Daniel - Thanks for the explanation and I see the examples you provided as rock glaciers. They look like rivers of rubble. If you apply those concepts to Los Azules and only saw isolated patches, how can you say those are rock glaciers? I am confused. Perhaps you can annotate the first figure in your report ( wp.cedha.net  to show the channels of the rock glaciers instead of isolated blue patches. Or you can blow up the satellite image and use text boxes to show us what you mean.

It would also be helpful if you show us examples of the large Xstrata project where glaciers are much easier to spot and compare that situation to Los Azules.

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From: The1Stockman5/17/2012 5:23:31 PM
   of 3843
 
Posted this chart on Yahoo today, we could drop back and fill at anytime.
screencast.com 


Lower levels might play out if cash-gold cant break above $1,580/85,...
screencast.com 

... some of you might remember my posts and charts on the $1,580ish level, its now resistance. We formed a rather long-daily-bar with today's action, I expect a back fill to at least the center of today's bar, which would take cash-gold to $1,558.50 or so.

If cash-gold is able to break above $1,580/85, ... levels in and around $1,600 could easily be reached, its true target should be near the $1,617 or so.

If it fails to move higher and drops below today's (Thursday 17th), ... I expect it to take another shot at the low $1,520, .. to be more precise, ... $1,523 this time.

A note from Mr. Jim Sinclair, .. some of you might know of him.
messages.finance.yahoo.com 

The miners are still tied in tightly with cash-gold, .. that's probably never going to change for any length of time, ... we will reflect off of cash-gold as we watch our mining stocks recover in weeks and months to come.

Technically speaking, ... Its been very hard to sit here, sometimes, day after day forecasting lower levels without much upward motion, ... makes me feel like a "Bad News Bear", but since I am a Taurus I am sure we will 'Eventually run with the BULLS.

As for MUX, ... Today's action was very good on good volume (short-covering) but that gap below put a lid on things. Half of today's daily bar should at least certainly fill, ... fortunately, ... we closed well below center today, so this tells me lower levels are in play, the short-sellers see this vividly, especially Today's intra-day gap-up. If it does run higher before pulling back, watch the $2.77 for our next clue, ... its the high-point from Tuesday's action, when MUX traded over 7-million shares.

Good Luck Everyone!

James

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To: huntforvalue who wrote (463)5/17/2012 5:52:55 PM
From: The1Stockman   of 3843
 
Hello Huntforvalue.

Thanks for your confidence, I wish I was explaining MUXs upward-moves over the past few months, but, ... things will be changing for the better soon, I knew the bottom was in view but I didn't think they would take it this low this quickly.

Imagine on the chart you posted if, ... MUX could base-off sideways for around 2weeks in an ever-so slightly lower angle (pennies back & forth), .. with below average volume while its next sudden move would be a break above the two center blue lines, ... in an explosive fashion on aggressive volume. It would be similar to what it did around 2/14 through 2/28 but this time it breaks above the very top blue-line as the volume holds steady for several sessions.

That' is what we want to see off of this low, or this bottom, which is staring us in the face now.
;-)
James

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To: semi_infinite who wrote (470)5/17/2012 6:47:21 PM
From: JW@KSC   of 3843
 
Semi_infinite Perhaps this will help you understand Rock Glaciers a little more

Huntforvalue posted the following in post #449

JW

--- Rock glacier ---
From Wikipedia, the free encyclopedia
Jump to: navigation, search




Rock glacier with multiple flow lobes, Chugach Mountains, Alaska.


Rock glaciers are distinctive geomorphological landforms of angular rock debris frozen in interstitial ice which may extend outward and downslope from talus cones, glaciers or terminal moraines of glaciers. There are two types of rock glaciers: periglacial glaciers, or talus-derived glaciers, and glacial rock glaciers. Possible Martian rock glacier features have been identified by the Mars Orbiter spacecraft.

Formation Little is known about rock glacier formation. The two known factors that must be present in order to to create rock glaciers are low ice velocity and permafrost. Most glacial rock glaciers are created by the recession of debris covered glaciers. Glacial rock glaciers are often found in cirque basins where rocky debris falls off the steep sides and accumulates on ice glaciers. [1] As the glaciers shrink,their composition changes as they become increasingly covered with debris. Eventually, the glacial ice is replaced by ice cored rocks. [2] With the exception of ice-cored rock glaciers, rock glaciers are a periglacial process. This means that they are a nonglacial landform associated with cold climates, particularly with various aspects of frozen ground. Periglacial rock glaciers require permafrost instead of glacial ice in order to form. Instead, they are caused by continuous freezing occurring within a talus lobe. [3]

Rock glaciers may also have a mass wasting or landslide origin, which does not require the presence of ice and suggests a sudden catastrophic origin with little subsequent movement.

Movement Rock glaciers move downslope by deformation of the ice contained within them, causing their surface to resemble those of glaciers. Some rock glaciers can reach lengths of 3 km and can have terminal embankments of 60 m high. Blocks on the surface can be up to 8 m in diameter. Flow features on the surface of rock glaciers may develop from:

  • Deformation of the ice core.
  • Movement of the debris cover along the debris-ice interface.
  • Deformation from a period of glacial advance.
  • Changes in the hydrologic balance.
Their growth and formation is subject to some debate, with three main theories:

  • A permafrost origin, which implies that the features are related to permafrost action rather than glacial action;
  • A mass wasting or landslide origin which does not require the presence of ice and suggests a sudden catastrophic origin with little subsequent movement.
Rock glaciers may move or creep at a very slow rate in part dependent on the amount of ice present.










Purported Rock Glaciers at LOS AZULES








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From: The Hog5/17/2012 10:54:44 PM
   of 3843
 
Here are a few articles I found searching the net. One is a summary of the recent meeting, and the other article talks about Los Azules. Looks like there may be a lot of hard decisions to be made in the future. I still have hope that this will be a special company. Just seems like the Argentina Government is making it just a little more difficult than it should be. Here are the links to a couple articles.:

goldandsilverlinings.com 

zerohedge.com 

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