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| Updated: Mar., 18, 2008 |
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March 18, 2008 Charles Kubach Mine-Engineer.Com According to various press reports and industry contacts, professional jobs in mining are becoming very difficult to fill. One company is offering new graduate geologists $90,000 to $100,000/year to start, with 0 years of experience. Most of these geologists are expected to help find new deposits of ore for the mining companies, and would be classified as exploration geologists. Paying premium high salaries for personnel is raising the cost of doing business for mining companies, and other costs are rising fast also. These include energy (oil is over $100/barrel), equipment and even chemicals used to process the various ores to obtain the metal or mineral desired. What does all of this mean? Well for students in a geology, mineral processing, metallurgy or mining engineer program, the news could not be better. They have bright futures in the next 5 years or so, anyway. For the mining industry, it means that higher costs will result in higher commodity prices and delays in projects, as they struggle to acquire the resources required to bring new projects into production. Depending upon how well the industry manages this situation will determine if commodity shortages of minerals and metals develop. Many speculate that short term shortages in minerals will occur and are playing the commodity market accordingly. It is a good time to be invested in minerals and metals. |
Charles Kubach, Mine-Engineer.Com Return To Mining Information Page |
