Maybe JD Irving Should Have Spent $1 million Evaluating the Financial Viability of Bald Mountain Instead Of Lobbying the Maine Legislature for Sanction To Pollute Groundwater

Complex CU-Deposit Financial feasibility:Arsenic Limits In Concentrates:Bald Mountain

Interesting article on attainability of international concentrate standards on arsenic.  Another perhaps insurmountable challenge,  and certainly a great limitation on possibilities for, Maine’s Bald Mountain where arsenic levels present problems without solutions in other areas as well eg. tailings deposition & mine water management.
More and more mines are trading in concentrates ( most of chile’s market is in concentrates) which must meet certain standards in % of metals concentrate and absence of other impurities to be saleable .
Here is an example of  the penalties ( lost value) for various levels above established global standards.
Arsenic (As) 0.10% $ 5.00/0.1 % ( up to 0.5 % As) $ 11.00/ 0.1 % ( >0.5 % As)

Bismuth (Bi) 200 ppm $ 4.00/ 100 ppm (up to 1200 ppm Bi) $ 6.00/ 100 ppm ( >1200 ppm Bi)

Selenium (Se) 0.05% $ 5.00/0.01 % Se Antimony (Sb) 0.10% $ 4.00/0.1 % Sb

Cadmium (Cd) 200 ppm $ 4.00/100 ppm Cd Lead (Pb) 1% $2.75/0.5 % Pb

1/ Dry Metric Tons

( the first number is the standard(e.g. o.10% for arsenic, then the penalties per metric ton for two ranges of exceedances e.g $5.00 per metric ton for every .1% above ,o.10% up to  o,5% and $11/ton  per .1% above.5%.  With average costs per ton to produce at $20 for copper these penalties are significant.

http://digitool.library.colostate.edu///exlibris/dtl/d3_1/apache_media/L2V4bGlicmlzL2R0bC9kM18xL2FwYWNoZV9tZWRpYS8yMTE4NzY=.pdf

Coupled with the general outlook for copper and the expected emphasis away from de novo mining toward expansion mining of existing operating mines and re-mining of high-grade wastes at closed and operating mines, the JD Irving owned Bald Mountain in Aroostook County Maine faces serious financial viability problems in relation to other deposits.  It certainly is not well positioned ( or geochemically resourced) to attract quality investors or quality miners in the forseeable future even under the super relaxed environmental security standards sought by present mining interests in Maine.
 
The $1 million+ JD Irving has spent with Jim Mitchell and Tom Doyle on lobbying for relaxed environmental security standards would have been better spent hiring mining economists  and other experts to understand the deposit  itself and its possible financial and environmental viability viz world copper markets and what drives them.
 $1 million in lobbying the Maine legislature  is a lot of money for a deposit that is most likely non competitive in the present global climate and market standards for copper.
Just sayin’
If UMaine or DEP or Irving et al are interested in the actual potential financial viability of Bald Mountain, I have a long list of brilliantly well qualified mining economists I can refer them to.  $1 million spent talking to these guys would go much further and provide better results  than lobbying our legislature for the privilege of polluting groundwater under mining areas feeding multiple pristine watersheds.
Wondering whether  George Kendrick of Stantec who has been part of he lobbying tab for JD IRVING encouraged them in this direction and if not, why not?
If Irving et al had been looking first to financial viability in todays global marketplace instead of keeping our legislature and some 200+ of us actively engaged NGO’s and citizens chasing our tails over the agenda they chose instead, maybe by now we’d have the most remarkable and well thought out legal framework  for metallic mining in the world.
Just sayin’
March 8,2015 at Cove Meadow
Lindsay Newland Bowker, CPCU, ARM Environmental Risk Manager
Bowker Associates
Science & Research In The Public Interest
15 Cove Meadow Rd.
Stonington, Maine 04681
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About lindsaynewlandbowker

Bowker Associates, Science & Research In The Public Interest, is an independent non profit providing self initiated pro bono analysis on key issues with a potential for massive adverse environmental impact . Bowker Associates has been an internationally recognized and cited voice in analysis of the Samarco failure, its consequence, and the possibilties for recovery. In 2015 Bowker Associates collaborated with globally respected geophysicist David M. Chambers to recompile global authoritative accounts of significant TSF failures in recorded history and to analyze these data in the context of gloal mining economics 1910-2010 ( Risk, Economics and Public Liability of TSF Failures, Bowker/Chambers July 2015) In 2014 Bowker Associates commissioned globally respected geophysicist and hydrogeologist Dr. David Chambers to undertake two technical works: (1) development of technical go no go criteria for vetting mine applications tp://lindsaynewlandbowker.wordpress.com/2014/01/05/a-new-statutory-regulatory-framework-for-responble-sulfide-mining-should-this-mine-be-built/ and (2) a case study of Maine's Bald Mountain, an un mined low grade high risk VMS deposit demonstrating the efficacy and accuracy of two risk assessment tools in vetting mine proposals https://lindsaynewlandbowker.wordpress.com/2014/02/28/mountain-x-would-you-issue-a-permit-to-this-mine/ In Maine, Bowker Associates has deeply engaged and been a public voice in the Searsport DCP LPG Tank, The Cianbro proposal for a Private East West Toll Road, JD Irvings rolling pipeline of Bakken crude to its plant in St. John and review of Phase II plans at The Callahan Superfund site in Brooksville, Maine, and Maine's revisitation of mining in statute and regulation... Our only “client”: is always “the pubic interest”. Our model is to focus on only one or two issues at a time so that we have a substantive command of the relevant field as our foundation for ongoing engagement. Our core work is in envirommental risk management, science and technology as well as bringing any available “best practices” models to the fore. The legal and regulatory history/best models are also a major thrust of our work in building and evaluating public policy. Director/Principal Lindsay Newland Bowker, CPCU, ARM is a recognized expert in Environmental Risk Management., Heavy Construction Risk Management and Marine and Transit Risks and has more than 3 decades of engagement in buiding public policy. Appointed by Governor Mario Cuomo to New York State Banking Board (served 1986-1996); President New York Chapter Chartered Property and Casualty Insurers; Environmental Committee, Risk and Insurance Management Society; Director, Convenor/Co-Chair Bermuda Market Briefing "From Captive to Cats" Hamilton Bermuda. Published Articles of Significance The Risk Economics and Public Liability of Tailings Facility Failures, co-authored with David M. Chambers, July 2015 Beyond. Polarization: Superfund Reform in Perspective, Risk & Insurance Managing Risk For Loss Prevention & Cost Control (Jan. 24, 1997). Lead Hazards and Abatement Technologies in Construction: A Risk Management Approach CPCU Journal 1997 Employee Leasing: Liability in Limbo Risk Management June 1 1997 Environmental Audit Privilege and the Public interest Risk & Insurance Managing Risk For Loss Prevention & Cost Control, April 1997 Asbestos:Holes In Abatement Policies Need To Be Plugged, Lloyd’s Environmental Risk International, May 1993 Editor Published Letters Evironmental Risk Management Beware of Facile Policies Like Fetal Protection Business Insurance 1995(?) High Court Review May Increase Sale of Bank Annuities Business Insurances August 8, 1995 Professional Profiles Protecting the Big Apple’s Core Managing Risk For Loss Prevention & Control December 1996 Major Career Highlights First rigorous analysis showing Relationship Between declining ore grades and TSF Failures of increasing consequence ( July 2015) FIrst Documentation that Gentrification Has Same Impacts as Unassisted Displacement from Urban Renewal Sites Direted Court Ordered EIS of FHA Mortgage Scandal Created Nation's First Homeownership Program for Low Income People (SHIP) Created Earliest Geographic Information Systems Using Defense Technology Developed By IBM Designed and Conducted Parallel Census Count to Show Systematic undercount in minority neighborhoods Documented Bias in ISO Territory Rating Plans for Private Passenger Auto Insurance Using ISO's own Rating Techniques Demonstrated Inherent Bias in Mortgage Policies of Banks With Inner City Branches Demonstrated that NY Telephones Plan for Area Code Split To accommodate anticipated cell phone demand was not efficient and would exhaust in 5 years ( which it did) Undertook First Systematic Evaluation of Child Protective Services Caseload Using Multi Variate Analyic Techniques Developed Child Protective Caseload Management and Tracking System (CANTS) and directed implementation in 4 client states including Illinois, Florida and New York Created and Ran Office of Risk Management for NYC DEP the Nations largest Water & Sewer Authority . Designed, Created and Administered Nation's First Owner Controlled Insurance Program (OCIP)for High Risk Tunneling Education Masters NYU Graduate School of Public Administration BSC New School For Social Research Maine Public Schools Deering High School
This entry was posted in Aroostook Resources Ltd., Bald Mountain, CU-Arsenic Standards For Concentrates, George Kendrick, global copper market outlook, JD Irving, Mining Economics, Mining Financial Feasibility, Mining Risk Management, Pierce Atwood, Stantec, Tom Doyle and tagged , , , , . Bookmark the permalink.

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