From today’s Examiner.com comes this news of a new mine start-up:
Nearly two decades after it was first proposed, a mine on Buckhorn Mountain in remote north-central Washington will begin producing gold-bearing ore. When the rocks are crushed to a fine powder at a mill here where cyanide will separate the microscopic flecks of gold, it will become the first new gold mining operation in Washington State in more than a decade. Opposition by environmental groups nearly scuttled the project, but the Crown Jewel Mine's startup reflects a new reality in the mining industry: Leave the lawyers behind and go talk to the people, miners and conservationists say. In April, mine owner Kinross Gold Corp. of Toronto, Canada, announced it had reached an agreement with the Okanogan Highlands Alliance, the Washington Environmental Council and the Center for Law & Policy. In exchange for dropping legal challenges to the mine's state-issued permits, the gold company agreed to add more environmental protections and mitigation measures sought by the environmental groups.
Washington is not an easy state in which to get such licenses. The state hosts many an old mine and also Hanford where facilities that produced materials for the Manhattan Project during World War II were produced. The folk in Washington know how to extract high-quality environmental wok and promises from project proponents.
I once worked to design a molybdenum mine tailings impoundment in the northeast of the state. I once design and built a gold mine tailings impoundment just up from Wenatchee. So I know mines can be opened in Washington. But I also know that you need special people to open such a mine.
Now it appears as though Kinross Gold Corp has such special people and they can succeed. I do not know if these special people reside in the company or the wisdom and skill to get permits for a new mine resides in their consultants. Regardless, it is worth taking another look at Kinross Gold Corp, for regardless of where the special skill lie, the company has the prudence and foresight to do what it takes to open a new gold mine in Washington. And if they can succeed in that state, they can presumably succeed in other difficult-to-mine states and you share value may benefit from such skills.