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Copy of The Power of SME

for Dave Kanagy

Amy Helgeson

on 20 September 2012

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Transcript of Copy of The Power of SME

SME WELCOME HOME Books Purpose To be THE resource and advocate for the mining community. SEC Rules Filing Workforce & Labor Knowledge Creation Industry Networking The Power of SME Committees Industry & Professional
Support Social Media Secure Member Directory
Discussion Groups
Resource library
Event Calendar
SME Community for Local Sections SME COMMUNITY Blogs
Mentor/Mentee Module
Micro-Site Hosting
Event Registration Technology
Dissemination Facebook - 6,605 fans Linkedin - 13,988 group members Twitter - 1,017 followers SME Youtube Channel- 12 videos Who We Are 14,000+ memebers from 95 countries Issue: Outdated/exclusive U.S. reserves reporting requirements (SEC Industry Guide 7) v. Current/inclusive global reporting scheme (SME’s Guide for Reporting Exploration Results) Problem: Use of Terms and Definitions at Odds
U.S.: Proven and Probable Reserves to determine value of mine property
World: P/P + exploration info, measured, indicated, inferred mineral resource Result:
U.S.-based mining co’s listed on NYSE are limited in what they can claim for company value
Foreign company can claim higher value and choose foreign exchange for listing
Affects public disclosure and potential investors - Derived from MSHA data (Provided via NIOSH compilation) Sand & Gravel Stone Metal Coal Nonmetal Contractor Industrial Minerals Sand and Gravel - Derived from USGS Mineral Commodity Summaries 2006 -2011 (Role of Non-Fuel Minerals in the U.S. Economy), coal production compiled from the EIA quarterly coal production reports, GDP from U.S. Department of Commerce. Bureau of Economic Analysis . Selected NIPA Tables, BLS labor force statistics from the Current Population Survey, and MSHA mining labor statistics. One quarter of one percent of the U.S. workforce directly contributes three quarters of a percent of the U.S. GDP and is the starting point for the value chain that regularly contributes over 10% of the national GDP. - Source: U.S. Department of Labor, Bureau of Labor Statistics, Current Population Survey. Updated January 2011 Aging Workforce Projections Mine Sector: Workforce (1983-2010) IS THERE A MINING LABOR ISSUE? Aging Workforce: Approach Technical Briefings SME Local Sections Student Chapters Mentoring Recognition Scholarships Foundation 27 Total Student Chapters; 8 International 41 Standing Committees, 8 Divisions 27 Total Sections; 8 International Journals Books Bloomberg News Report eLearning Professional Engineer
Licensure National Council of Examiners for Engineering and Surveying
Full transcript