Stewart R. Wallace — 1919–2009 - Society of Economic Geologists

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4 SEG NEWSLETTER No 78 JULY 2009 Dear Editor: Letter to the Editor Kudos to Peter Laznicka for mining the excellent source of discovery data in the Exploration Reviews section of SEG Newsletter (“Metal Resources Announced in 2008: Do They Replenish the Mined-Out Tonnages?” April 2009, no. 77, p. 23). The advice in that article to “use more indium!” was based on an incorrect figure in Table 1. World production of indium in 2008 as reported on page 77 of USGS Mineral Commodity Summaries 2009 (not Commodity Summaries, 2009) was 568 metric tons (t), not 0.568 t. The 396 t of indium discoveries announced in 2008 is about 70% of that year’s world production estimate, not 697 times that estimate. The excessive number of significant figures and the “Years to last” column heading in that table help perpetuate the public’s misunderstanding of resource numbers. Rather than thinking of mineral resources as stocks in a warehouse, users should be cautioned that the precision expressed in the world estimates should reflect the uncertainty of each of the country estimates. Furthermore, users of resource data are sometimes not aware that the effort needed for the acquisition of this information is the result of an investment decision by the mining company. An executive of a mining company in Idaho’s Silver Valley underscored this situation when she pointed out that “Lucky Friday has operated for 50 years, rarely with a projected mine life of more than four or five years based on proven and probable reserves, because of the way exploration is conducted from underground.” (Platts Metals Week, v. 78, no. 53, 31Dec07, p. 3). The 2008 production of 11.34 million metric tons (Mt, not mt; 1 mt = 1 x 10 -3 t = 1 kg) of zinc shown in Table 1 is not from Mineral Commodity Summaries 2009 (MCS 2009); the number there is 11.3 Mt (page 187). MCS 2009 is not the source of the estimate of world uranium production in 2006; the Federal responsibility for production statistics for energy minerals was transferred to the Department of Energy in 1977. The production estimates in the Chromium and Iron Ore chapters of MCS 2009 are reported in thousand metric tons gross weight and in million metric tons of “usable ore” (agglomerates, concentrates, direct-shipping ore, and byproduct ore for consumption), respectively. Comparison with resources reported as a result of exploration presents even greater challenges with these mineral commodities than with those for which production is reported in terms of metal or mineral content. Economic & Environmental Geochemistry, Inc. PAID ADVERTISEMENT E2G Specializing in Geochemistry Applied to Mining Permitting, Development, Operations & Closure Ron L. Schmiermund, Ph.D. 655 Dudley St., Lakewood, CO 80215 (303) 274-6910 cell (303) 437-6235 E2Geochemistry.com John H. DeYoung, Jr. Chief Scientist, Minerals Information Team U.S. Department of the Interior May 12, 2009 PAID ADVERTISEMENT
JULY 2009 No 78 SEG NEWSLETTER 5 FROM THE EXECUTIVE DIRECTOR SEG Council Actions — Toronto, Canada � February 28, 2009 The SEG Council held a regularly scheduled meeting at the Radisson Admiral Hotel in Toronto, Canada. Members of the Council present were J.F.H. Thomp - son (Chair), S-J. Barnes, L.H. Chapman, J.L. Doebrich, B. Dubé, J.W. Hedenquist, B.G. Hoal, D.J. Kirwin, F. Molnár, S.J. Piercey, S.F. Simmons, B. Suchomel (Presi - dent of Foundation), and N. Wil liams. Apologies were received from A.C. Harris, H.J. Noyes, J. Perelló, R.D. Presnell, and Y. Watanabe. F.I. de Azevedo, Regional VP for Latin America, attended briefly as a guest. President Thompson called the meeting to order at 8:00 a.m. The following actions were taken at the meeting: � Approved a motion from N. Williams to accept the minutes of the previous meeting and ratify the following actions taken by the Council since its meeting on October 24, 2008: – Approved on November 12, 2008, the draft Council Minutes for the October 24, 2008, meeting held at the SEG headquarters in Littleton, Colorado, USA. – Approved on November 29, 2008, to amend the SEG Bylaws, namely, Article XVI – Governance Policies. – In accordance with the SEG Bylaws, Article XVI, Sections 16.1 Conflict of Interest Policy, all SEG Council members submitted their Conflict of Interest Disclosure Forms as of February 15, 2009. And the following actions taken by the Executive Committee since its previous meeting on October 23, 2008: – Approved Fellowship List No. 08-03 on November 28, 2008, thereby admitting the following 15 candidates to SEG Fellowship: Rempta P. Baluda, David W. Broughton, Lucy H. Chapman, Mark M. Davis, Jeff L. Doebrich, Mark C. Fletcher, Ken D. Galambos, Mirta M. Garrido, A. Keith Kenyon, Oswaldo Ordonez- Carmona, Keith D. Scott, Weidong Sun, Ghislain Tourigny, David R. Tretbar, and Gerard I. Tripp. � Accepted an oral report by President Thompson in which he highlighted the record membership total, numerous and widespread Society events and activities, including presentations by SEG lecturers, and the continuing strong support of students. He described his recent successful meeting with the staff at SEG and noted the implications for programs and funding in the recessionary economy. On request, Past President Williams added that the SEG-GSSA 2008 conference in South Africa had been particularly well organized and successful. � Accepted an oral report by B.J. Such - omel, President of the SEG Founda tion, in which he noted that contributions had exceeded budget with a significant input from corporations to the Graduate Student Fellowship program. Although student support over the year had been very strong ($525,000), the economic downturn had adversely affected the Founda tion’s ability to sustain this level of funding for 2009. This situation was exacerbated by the 9% increase in the number of student grant applications received in the current year. In response to a question from J.W. Hedenquist on fund-raising strategy, Suchomel noted that there was unrealized funding potential among both corporate and individual sources, the possibility of more noncash contributions, and the need to increase matching contributions. � Passed a motion from J.W. Heden quist to accept the Executive Director’s annual report for 2008. Key highlights included the increased membership outside North America (now 54%), the historically high proportion of students (17%), and the launch of the online Economic Geology ar chive. A summary of this report will be published in the April issue of the SEG Newsletter. � Passed a motion from J.W. Heden - quist to approve the Treasurer’s and Auditor’s reports for 2008. In the latter, the Auditor found that the financial statements “present fairly, in all material respects, the financial position of the Society” – a copy of the auditor’s report was available for inspection at the meeting. � Passed a motion from S.F. Sim mons to approve the Amended budget for 2008 as presented by the Executive Director on behalf of the Treasurer. � Accepted an oral report by S.F. Simmons, Chair of the Publications Board, in which he summarized the year’s key events, including the appointment of a new editor of Economic Geology, the increased market for publications as represented by a growing SEG membership, the decline in financial assets related to the market downturn, recent publications, and new initiatives such as digital downloads from the online bookstore. Simmons further noted that the online archive of Economic Geology via GeoScienceWorld merited more publicity and improved website visibility. Other issues raised during discussion included the need to focus on timeliness of journal publication as well as the cost of shipping as affected by the weight of journal issues. � On a motion from S-J. Barnes, the addition of Richard Goldfarb to the Publications Board was approved. Subsequent to the Publications Board meeting on March 1, 2009, the Coun - cil would be requested to approve a list of names from which future directors could be selected. This would assist in succession planning. � Passed a motion from S.J. Piercey to accept the report from the Vice President for Regional Affairs, D.J Kirwin, in which he noted the following Regional VP appointments for 2009-2011: Maria Boni (Europe), Nikolai Goryachev (North Eurasia), Francisco de Azevedo (Latin America), and Paul Nex (Africa). Kirwin also listed the Honorary Lecturers for 2009 as Andy Killick and Mike de Wit (both South Africa), Chusi Li (USA), Yasushi Watanabe (Japan), Noel White (Australia), Jeff Heden quist and Mark Hannington (both Canada), Rich Goldfarb (USA), Bill Chávez (USA), Steve Enders (USA), Francisco Camus (Chile), and Doug Kirwin (Thailand). A special vote of thanks was extended to the previous VP for Regional Affairs, Antonio Arribas R, Jr., for his active role in growing the membership and activities, especially in Latin America. After some discussion on specific proposals, it was agreed that each Traveling Lecturer and each Honorary Lecturer should receive a list of student chapters to facilitate the scheduling of talks. The list of lecturers should also be to page 6 ... communicated to student chapters and BRIAN G. HOAL SEG Executive Director and Editor
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THINK AHEAD BHP Billiton is all abo
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Stewart R. Wallace — 1919–2009 - Society of Economic Geologists

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