SEG - Society of Economic Geologists

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8 SEG NEWSLETTER No 90 • JULY 2012 FOUNDATION PRESIDENTIAL PERSPECTIVE Turbulent Times World metals and equity markets have become a rollercoaster, whipsawing from one extreme to another in a matter of days…or hours…with constant fear that the car will come off the rails completely…or that the rails will simply disappear. To be sure, a sinister metaphor with which to start a column, but one that reflects the shortterm perspective held by many. We have to live, work, educate, and raise exploration and research funds in this uncertain environment, but we do have the advantage as geologists of being able to bring a longer term geological focus to bear and recognize that not only will this pass, but that much opportunity can spring from such turbulence if we can survive it. With luck, the current downturn will end soon and be followed by another major upleg in the markets. Before going further along this thread, I would like to again recognize the success of last year’s fundraising efforts, led by Don Birak and Pat Highsmith, who secured several longterm commitments from major donors: a textbook example of making hay while the sun shines. These funds will serve us well in getting through the current spate of penny pinching, especially on the part of Junior companies, many that have found the well is currently dry despite continued high metal prices. We hope that the majors, still benefitting from near-record high metals prices, continue to be generous in investing in their future. What is most important is that we keep our long-term perspective on our educational goals and programs and the need to keep bringing along the next generation of economic geologists. The current turbulence may result in some retrenchments, and of course these are likely to hit the least experienced professionals first. To keep from losing many of our recent recruits, we have to be consistent in our message that this does not shatter their long-term job prospects but actually enhances them. The reality remains that our profession has a bimodal age distribution and that there is a huge gap between the experienced senior members of the profession and the new entrants…and that SEG is committed to bridging that gap as best we can with a concerted knowledgetransfer effort. On one side of this equation, the companies that support us need reinforcement of the message that the new generation represents their long-term survival and they need to continue to focus short-term on both keeping them in the profession and preparing them for the future. Fortunately, but not surprisingly, our first efforts in this regard, especially the recently launched exploration-focused field and short courses, have been a signal success and serve as an excellent demonstration of our ability to deliver on the promises SEG has made to our supporters. These should prove a solid selling point for on-going SEGF fundraising as we ramp up these educational programs to reach a more global audience. On PETER K.M. MEGAW SEG Foundation President 2012 the other hand, the new generation needs reinforcement of the message that they are the only possible recipients of this transfer and to stay the course. This message to the new generation needs to be delivered personally, and often, by the senior professionals with whom they are working and who have lived through such times before, and can recognize the opportunities the gap combined with market uncertainty creates. It is hard to predict how long the present turbulence will last, but it is certain that humans will continue to consume the resources that we study and seek and that to do this in an efficient and responsible manner we need the best trained professionals we can muster. SEG’s commitment to training them is solid, well directed, and off to a very good start. Thanks to SEGF efforts, it is also well funded for at least the near future. The anticipated international expansion of our educational programs will obviously require additional and on-going funding and the SEGF appreciates any and all efforts to support these programs. 1 T hank You SEG Corporate Sponsors XVI Peruvian Geological Congress & SEG 2012 Conference Diamond Platinum Gold Silver
JULY 2012 • No 90 SEG NEWSLETTER 9 Contributions 3/1/2012–5/31/2012 Thank you for your generous contributions to the Society and the SEG Foundation. SEG General Fund SEG Foundation General Fund Petrographic Consultants International, Inc. Paula Hansley & Terry Cookro, Geologists plhansley@yahoo.comyahoo.com 720-890-2628 inforocks@gmail.com 303-455-2405 $250 Davidson, Donald, USA $100 Mupande, Jean Felix, Congo Up to $99 Ackah, Leonard, Ghana Belther, Jones, Brazil Lowenstern, Jacob, USA SEG Foundation Corporate Sponsors $5,000 Coeur d’Alene Mines, USA 1 Up to $99 Belther, Jones, Brazil McKinstry Fund Up to $99 Martins Pereira, Sergio, Brazil Student Field Trip Fund $1,000 Seavoy, Ronald, USA Student Fellowship Fund $1,000 Seavoy, Ronald, USA Up to $99 Chirinos Bueno, Fausto, Peru Transmitted & ore petrography, X-ray, SEM Mineral Occurrence and Land Status Databases in GIS format (MapInfo or ArcGIS) for: PAID ADVERTISEMENT Colombia, the Greater Antilles, Central America www.cbmap.net for more information PAID ADVERTISEMENT SEG at GSA 2012 GSA Annual Meeting & Exposition GEOSCIENCES: INVESTING IN THE FUTURE Charlotte, North Carolina, USA – November 4–7, 2012 Abstracts deadline: August 14, 2012 SEG Meeting Coordinator: Jim A. Saunders Email: saundja@auburn.edu GSA Conference Website: T36. Geology and Mineral Resources of the Carolina Slate Belt: A Tribute to Robert Carpenter James A. Saunders (SEG 1981 F), Jeffrey C. Reid, Doug Crowe (SEG 1986 F) The Carolina Slate belt is an accreted Cambrian island arc terrane with significant past mining history, and a modern-day gold rush ongoing. T38. Subduction-Related Mantle Preparation and Subsequent Magmatism and Ore Genesis James A. Saunders (SEG 1981 F), Jeremy P. Richards (SEG 1985 F), Matthew Brueseke (SEG 2008) This session explores how subduction at convergent plate boundaries enriches the overlying lithospheric mantle with volatiles and metal(loids)that are easily incorporated into late- or post-subduction magma- and ore-forming processes. T39. Weathering of Mineral Deposits in Semi-Tropical and Tropical Climates James A. Saunders (SEG 1981 F), Dennis LaPoint (SEG 1983 F), J. Richard Kyle (SEG 1983 F) Weathering can upgrade the value of mineral resources, allows for geochemical exploration for them, can lead to the formation of new (secondary) mineral resources, and also can cause substantial environmental problems.
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SEG - Society of Economic Geologists

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