$200,000 a year mine worker job (companies, salary, 100,000, money)
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MANDURAH, Australia — One of the fastest-growing costs in the global mining industry are workers like James Dinnison: the 25-year-old high-school dropout from Western Australia makes $200,000 a year running drills in underground mines to extract gold and other minerals.
The heavily tattooed Mr. Dinnison, who started in the mines seven years ago earning $100,000, owns a sky-blue 2009 Chevy Ute, which cost $55,000 before a $16,000 engine enhancement, and a $44,000 custom motorcycle. The price tag on his chihuahua, Dexter, which yaps at his feet: $1,200.
A precious commodity himself, Mr. Dinnison belongs to a class of nouveau riche rising in remote and mineral-rich parts of the world, such as Western Australia state, where mining companies are investing heavily to develop and expand iron-ore mines. Demand for those willing to work 12-hour days in sometimes dangerous conditions, while living for weeks in dusty small towns, is huge.
"It's a historical shortage," says Sigurd Mareels, director of global mining for research firm McKinsey & Co. Not just in Australia, but around the world. In Canada, example, the Mining Industry Council foresees a shortfall of 60,000 to 90,000 workers by 2017. Peru must find 40,000 new miners by the end of the decade.
Behind this need for mine workers is a construction boom in China and other emerging economies that has ramped up the demand for iron ore, used to make steel, and other metals used in construction, such as copper, typically used for wiring buildings.
The manpower dearth comes with a hefty price tag. "Inflationary pressures are driving up costs and wages at mining hot spots like Western Australia, Chile, Africa," said Tom Albanese, CEO of Rio Tinto PLC the world's third-biggest miner by sales. "You're seeing double-digit wage growth in a lot of regions."
The shortage is particularly acute in Australia, the world's biggest source of iron ore and the world's second-biggest gold producer.
I have no problems with this as I'm a firm believer that you are "worth" whatever someone is stupid enough to pay you. The idea is to constantly look for stupid people with money.
my guess is these guys have a 300% higher rate of cancer than the general population.
i have a mate that works in the Canadian oil fields...long hours, tough work, no women, but awesome money...and yes, bread is like 12 bucks a loaf.
That is how it goes. If people are paying you a lot of money in a labor-intensive field, like mining or construction, then they are exposing you to something dangerous.
That is how it goes. If people are paying you a lot of money in a labor-intensive field, like mining or construction, then they are exposing you to something dangerous.
Exactly - plus they are not building skills to be able to earn the same salary not in mining - so if they leave this there back to a normal salary.
But perhaps a year or two to make cash, save it - and then move on. If you can save some money, and get a good amount savings then its worth it.
I'd do it. Live cheap and make my own darn bread too. I'd hope to last for 10 years and be able to retire for good!
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