Canada Mining – Page 358 – Republic of Mining

Conflict mineral readiness: what companies need to know – by Charlene Easton (Canadian Mining Journal – January, 2012)

January 27, 2012

The Canadian Mining Journal is Canada’s first mining publication providing information on Canadian mining and exploration trends, technologies, operations, and industry events.

Charlene Easton is a Senior Manager and Business Practice Leader in Ernst & Young’s Climate Change and Sustainability Services group. She is based in Vancouver.

Canadian mining and metals companies’ corporate social responsibility is about to get a lot more interesting as an uptake in regulations and frameworks for due diligence on mineral supply chains in conflict-affected and high-risk areas emerge around the world. The goal of these newly introduced regulations and frameworks is to ensure responsible supply chain management so that so-called “conflict minerals” do not directly or indirectly contribute to regional conflicts in areas where armed aggression can lead to severe human rights abuses against workers and local people.

In an attempt to prevent mined minerals from fuelling conflict in the Democratic Republic of Congo (DRC), the US introduced a conflict mineral requirement in the Dodd-Frank Wall Street Reform and Consumer Protection Act in July 2010. Section 1502 of the Dodd-Frank Act requires all US Securities and Exchange Commission (SEC) registrants – including any Canadian company listed on a US stock exchange – to disclose whether the minerals they source contribute to armed conflict.

Strengthening the chain between First Nations and non-aboriginal Canadians – by Catherine Murton Stoehr (Toronto Star – January 26, 2012)

November 5, 2015January 26, 2012

The Toronto Star, has the largest circulation in Canada. The paper has an enormous impact on federal and Ontario politics as well as shaping public opinion.

Catherine Murton Stoehr is an instructor in the department of history at Nipissing University.

On Tuesday, Assembly of First Nations national chief Shawn Atleo presented Governor General David Johnston a silver wampum belt symbolizing the relationship between the British people and the First Nations. He stopped short of saying what we all know to be true, that the chain is almost rusted out.

One of the central reasons for this breakdown is that non-aboriginal Canadians see all money and resources given to First Nations people as charity, while people in Atleo’s world see it as rent. If you’re handing out charity, you get to set conditions like submission to unelected managers. But people paying rent don’t get to interfere in their landlords’ business.

When British officials took over the land and destroyed the hunt in northern Ontario, they promised to immediately rebuild aboriginal communities’ infrastructure and then to support that infrastructure forever. In the same way that a lease remains in effect as long as a person rents a house, the treaties remain in effect as long as non-First Nations people live in Canada. Consistently fulfilling the terms of the treaties is the minimum ethical requirement of living on the land of Canada.

NEWS RELEASE: NWT Mining Industry Recommends Mineral Resource Potential Remain Open for Development in the Ramparts Region

January 24, 2012

Yellowknife, NT – January 20, 2011.

The Chamber of Mines has submitted its recommendations that important mineral resources in the 10,000 square kilometre Ts’ude niline Tu’eyeta, or Ramparts area of the Northwest Territories be protected for its future development potential. The area is a candidate protected area under the NWT Protected Areas Strategy.

Geoscience studies reveal that large parts of the Ramparts area have the potential to host deposits of zinc, lead, copper, diamonds and oil & gas that could create socio‐economic opportunities for the K’asho Got’ine people, for the Sahtu region, and for the Northwest Territories. To maximize the opportunities, the Chamber recommends that the moderate to high mineral potential areas not be included under any protected area designation that blocks development forever.

The Chamber recommends the Sahtu Land Use Plan be the tool used for protection as it can be modified by future generations to accommodate their needs, it provides a more flexible approach to balancing environmental values and economic development, and it provides more control to local communities.

Major [mining] investments return to BC – by Gavin C. Dirom (Northern Miner – January 23-29, 2012)

January 22, 2012

The Northern Miner, first published in 1915, during the Cobalt Silver Rush, is considered Canada’s leading authority on the mining industry.

The author is president and CEO of the Association for Mineral Exploration British Columbia (AME BC), which is celebrating its one-hundredth anniversary with special activities planned during AME BC’s twenty-ninth Roundup in Vancouver from Jan. 23–26, 2012. Visit www.amebc.ca for more information.

B.C. is on the cusp of regaining its rightful position as one of the best jurisdictions in the world to explore and develop mineral resources.

Driven by record-breaking expenditures in 2011, encouraging commodity prices and increasingly progressive government policy, mineral exploration and development in B.C. represents a multi-generational, socio-economic opportunity that can be measured in billions of dollars and thousands of jobs.

In 2011, an estimated $450 million to $500 million was spent on mineral exploration in B.C. This is higher than the $322 million recorded in 2010 and illustrates spending not seen since the eighties. One million metres of rock was drilled in search of rare mineral deposits for developing into viable mines to produce critical raw materials, such as copper, gold, coal and zinc.

Celebrating Our First Century of Global Discovery – by Jonathan Buchanan (Vancouver Sun – January 21, 2012)

January 21, 2012

The Vancouver Sun, a broadsheet daily paper first published in 1912, has the largest circulation in the province of British Columbia.

The Association for Mineral Exploration British Columbia Turns 100

One hundred years ago, Vancouver was a prosperous place. Industry was booming, the Vancouver Sun was born, and the first professional hockey game Vancouver Millionaires vs. the New Westminster Royals was played in Vancouver’s Denman Arena -the first Canadian artificial ice rink and reportedly the largest in the world. The Association for Mineral Exploration British Columbia (AME BC) also had its start in 1912 – as the Vancouver Chamber of Mines.

“The necessity of a reliable centre in Vancouver,” the Chamber noted at the time, “where mining men can meet, exchange views, and discuss matters relating to mining, was recognized long ago. A big city is the natural mecca of the miner and prospector, the logical place for him to gravitate to in the hope of attracting capital either to buy or develop his prospect.

“One hundred years later, the Association has more than fulfilled its mandate as a “reliable centre” – AME BC now represents thousands of members – hundreds of whom are now women – including geoscientists, prospectors, engineers, entrepreneurs, exploration companies, suppliers, mineral producers, and associations who are engaged in mineral exploration and development in BC and throughout the world.

Iqaluit: Gateway to Greenland’s resource riches – by Paul Waldie (Globe and Mail – January 19, 2012)

January 20, 2012

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

Air Greenland isn’t exactly among the world’s major airlines. It only has 10 airplanes, 600 employees and one international route – to Iceland.

But when the airline announced Wednesday that it’s starting regular flights from Nuuk to Iqaluit this summer, many in the global mining community took notice. That’s because Greenland has become one of the hottest places in the world for mining and oil exploration.

Global warming, new extraction technologies and a recent move by Denmark to give the island territory autonomy over natural resources has prompted a small stampede of companies rushing to Greenland to tap into its wealth of uranium, iron ore, gold, gemstones, rare earths and offshore oil.

“Over the past few years, we’ve just seen a growing demand for this service,” Christian Keldsen, an Air Greenland spokesman said from Nuuk. “There is a lot of exploration going on.”

Commodity prices to drop in 2012: BoC – by John Shmuel (National Post – January 19, 2012)

January 19, 2012

The National Post is Canada’s second largest national paper.

Canada’s economy will fend off declining commodity prices and a year-long eurozone recession in 2012, but it won’t emerge unscathed, says the latest policy report from the Bank of Canada.

The central bank now forecasts a deep and prolonged recession for the eurozone compared with its outlook in October, when bank governor Mark Carney and his team said any recession in Europe would be brief. Saying that conditions have “deteriorated,” the bank is also forecasting that a year-long recession in Europe will hit non-energy commodity prices – and by extension, Canada’s resource-dependent economy.

” The crisis in Europe is expected to have an indirect impact on the Canadian economy through its implications for financial conditions, confidence and global commodity prices,” the bank said in its Monetary Policy Report.

NEWS RELEASE: QUADRA FNX & SAGAMOK ANISHNAWBEK SIGN MEMORANDUM OF UNDERSTANDING FOR THE VICTORIA PROJECT

January 17, 2012

Sudbury, Canada– January 17, 2012 – Sagamok Anishnawbek First Nation (“Sagamok”) and Quadra FNX Mining Ltd. (the “Company” or “Quadra FNX”) (TSX: QUX) are pleased to announce that they have signed a Memorandum of Understanding (“MOU”) that will serve as a foundation for a working relationship between the parties with respect to the Advanced Exploration Program at Quadra FNX’s Victoria Project until an Impacts and Benefits Agreement (“IBA”) is concluded. The agreement process is being pursued in conjunction with environmental permitting for the Victoria Project.

The MOU with Sagamok was signed by Chief Paul Eshkakogan and Michael Winship, Chief Operating Officer, Quadra FNX in Sudbury on December 23rd, 2011.

“This Memorandum of Understanding will facilitate open and timely dialogue between Quadra FNX and our First Nation as it relates to the Company’s activities to develop the Victoria Advanced Exploration Project. We look forward to negotiating an IBA that will provide benefits for our members and ensure the environment and our traditional territories are protected” said Sagamok Anishnawbek Chief, Paul Eshkakogan.

Quadra boosts ore estimate at Victoria mine – by Star Staff (Sudbury Star – January 17, 2012)

January 17, 2012

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

Quadra FNX Mining announced Monday it has increased the resource estimate of its Victoria project in Sudbury by 16%.

The results from the company’s 2011 drill program at Victoria led Quadra FNX to boost resource tonnage to 14.5 million tonnes. When operating, the mine will produce nickel, copper and precious metals.

In addition, geophysical surveys show possible extensions of Victoria. Diamond drilling in 2012 will test these areas, Quadra FNX said in a release.

Even before the latest drill results became known, Quadra FNX had said the Victoria deposit was an exciting find. Its goal is to begin production in 2017, creating hundreds of new jobs.

The Vancouver, B.C.-based company also said that during 2011, it produced 220 million pounds of copper, 103,000 ounces of precious metals and 10 million pounds of nickel.

Capital spending and the proposed mining-related investment that lies ahead – by Paul Stothart (CIM Magazine – December, 2011)

January 16, 2012

Founded in 1898, the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) is a technical society of professionals in the Canadian minerals, metals, materials and energy industries.

Paul Stothart is vice-president, economic affairs, at the Mining Association of Canada. He is responsible for advancing the industry’s interests regarding federal tax, trade, investment, transport and energy issues.

The single most important contribution that companies can make to Canada is in the form of capital expenditure. In the mining sphere, capital spending pays for new mine construction and increases to existing mine capacity. It generates process and technology improvements and the modernization and expansion of mills, smelters and refineries.

It leads to the implementation of new product lines and improved energy efficiency and environmental performance. When companies commit to a particular capital spending program, the direct result is new jobs, contracts and production, as well as more modern and productive facilities.

Capital spending plans are driven by an array of variables, including: projected future global market demand and mineral price trends; degree of confidence in existing plant capacity; level of comfort with host government rules and regulations; and the state of a company’s existing financing capabilities.

MINERS AT WORK, A HISTORY OF BRITISH COLUMBIA’S GOLD RUSHES – by B. Griffin (Royal British Columbia Museum, Victoria, B.C.)

January 14, 2012

ABSTRACT

The search for gold is the single most dramatic event of British Columbia’s early history. Although European settlement originally was founded on furs, it was the gold rushes of 1858 through the 1860s that changed the direction of development in this province for considerable time. These gold rushes not only brought a sharp increase in population and wealth but also initiated development of an early infrastructure of roads and services and directly influenced the shape of British Columbia’s politics.

It has been estimated that between 1860 and 1880 about $35 000 000 worth of gold was extracted from the 130 square kilometres (50 square miles) surrounding Barkerville. Although the later gold rushes were smaller, they also played an important role in our history.

The rush to British Columbia was only one of a series of sudden shifts in population and wealth that resulted from the search for placer gold. California and Australia both attracted hordes of miners in search of riches. This paper places the British Columbia gold rush in a world context; it drew less world attention and was smaller than either the Californian or Australian rushes.

NEWS RELEASE: AME BC Salutes Canadian Mining Hall of Fame Inductees

January 14, 2012

AME BC represents 4,000 thousand individual and 360 corporate members and is the predominant voice of mineral exploration and mine development in British Columbia.

Vancouver, B.C. — January 13, 2012 — The Association for Mineral Exploration BC (AME BC) salutes Robert Hunter (1927-2007) and Robert Dickinson, who were jointly inducted into the Canadian Mining Hall of Fame on January 12 in recognition of their outstanding lifetime achievements to the Canadian minerals industry.

Hunter and Dickinson are founders of Hunter Dickinson Inc. Today, because of the vision and leadership of Mr. Hunter and Mr. Dickinson, HDI is a diversified, global mining group with more than 25 years of mineral development success. From its head office in Vancouver, B.C., HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties that provide consistently superior returns to shareholders.

HDI is characterized by the drive and commitment of its founders, senior management and multi-disciplinary team. It is known for its technical excellence, experience and reliability. And it is passionate about bringing responsible mineral development to life in creative ways for the benefit of shareholders, partners and communities.

What the Gateway commission could learn from an oil sands pioneer [Joseph Burr Tyrrell] – by Ian Brown (Globe and Mail – January 14, 2012)

January 14, 2012

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

I spent a morning this week reading about the Northern Gateway pipeline, which, if it is approved by the National Energy Board, will carry oil-sands bitumen from Alberta to Kitimat on the coast of British Columbia and thence via supertanker to the ever-open crankcase of China.

Afterward, I stopped by the Thomas Fisher Rare Book Library at the University of Toronto, as I do from time to time, though I admit a rare-book library may seem like an old-fashioned place to hang out, obsessed as the world is these days with technology and response rates and “going forward,” as managers like to say.

The funny thing was this: When I told Anne Dondertman, the acting director of the Fisher library, that I had been reading about the new proposed pipeline, she immediately started talking about a set of maps that were made 130 years ago by Joseph Burr Tyrrell, a Canadian geologist/paleontologist/explorer/historian/apple farmer/mining executive who was one of the first scientists to describe what we now call the Alberta tar sands.