Archive | Canadian Regional Media and Web Publications

Former Sudbury Falconbridge General Manager/President Gord Slade passes away (Sudbury Northern Life – January 9, 2019)

https://www.sudbury.com/

Gord Slade was a community leader

Gord Slade, a Sudbury community leader and philanthropist, died Jan. 8, just a few weeks before his 90th birthday.

Slade, a graduate of McGill University (1951), retired from Falconbridge Ltd. after 32 years of service in 1984. He held the post of president of the Canadian Nickel Division and general nanager, Sudbury Operations, after serving in areas of increasing responsibility.

In an interview for the Canadian Mining Hall of Fame, Slade said, “My objective was to be a shift boss, make $10,000 a year and be as well liked as my dad.”

After retirement, Slade worked as a mining consultant and continued to participate on the boards of several mining corporations.

He was a leader in the Canadian Institute of Mining (Sudbury Branch chair, and vice-president for District 3), and was a recipient of the CIM Fellowship Award (1997). Continue Reading →

Nickel Outlook 2019: No Boom, but Batteries Loom – by Scott Tibballs (Nickel Investor News – December 23, 2018)

Nickel Investor News

Nickel was as hard hit as other base metals in 2018 as investor sentiment bled the markets, leading to lower prices even as demand increased. Analysts predict that nickel prices will stay low through to 2019, barring any significant improvements in the seemingly deteriorating US-China trade rhetoric.

Additionally, the much-touted battery metal boom might well not happen in any meaningful way for nickel in the near term, as markets learn more about just how far the electric vehicle (EV) industry has to go, and how quickly consumers need to adopt new technology for the boom to materialize.

New developments throughout Australia and headaches for miners in the Philippines dominated supply-side news, while demand meant that over the year stockpiles were drawn down. Continue Reading →

First Nations win annual payment case – by Harold Carmichael (Sudbury Star – December 27, 2018)

https://www.saultstar.com/

SUDBURY – First Nations in Northern Ontario have a won a lawsuit that will require federal and provincial governments to pay them higher annuities.

“It feels great,” said Mike Restoule of the Nipissing First Nation near North Bay, who filed the lawsuit on behalf of 21 First Nations in the Robinson-Huron treaty area. “We heard the court ruling and it came down in our favour, but I don’t really have details,” he said.

“I find that the Crown has a mandatory and reviewable obligation to increase the treaties’ annuities when the economic circumstances warrant,” wrote Justice Patricia Hennessy in her decision. “The economic circumstances will trigger an increase to the annuities if the net Crown resource-based revenues permit the Crown to increase the annuities without incurring a loss.” Hennessy said the two sides need to sit down and negotiate new terms. Continue Reading →

Anglo American management shake-up sees Brazil-based CEO replaced – by Cecilia Jamasmie (Mining.com – January 3, 2019)

http://www.mining.com/

Global miner Anglo American (LON:AAL) announced Thursday changes at the top that will see Ruben Fernandes, chief executive officer of the company in Brazil, being replaced by mining veteran Wilfred (Bill) Bruijn, effective March 1.

Fernandes, who has led Anglo’s iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals. That position is currently held by Duncan Wanblad, who will now focus solely on his role as Group Director of Strategy and Business Development, the group said in a statement.

During his management, Fernandes dealt with an eight-month stoppage at the company’s giant Minas Rio iron ore mine, located in the Brazilian resource-rich state of Minas Gerais. Operations there were halted in March last year, following the discovery of leaks in a pipeline that carried ore to a port in Rio de Janeiro for export. Continue Reading →

The Congo’s increasing instability heightens critical minerals concern – by Greg Klein (Resource Clips – January 3, 2019)

http://resourceclips.com/

This is the place that inspired the term “crimes against humanity.” As a timely new book points out, American writer George Washington Williams coined that phrase in 1890 after witnessing the cruel rapaciousness of Belgian King Leopold II’s rubber plantations in the country now known as the Democratic Republic of Congo.

After rubber, the land and its people were exploited for ivory, copper, uranium, diamonds, oil, ivory, timber, gold and—of increasing concern for Westerners remote from the humanitarian plight—cobalt, tin, tungsten and tantalum. Controversy over recent elections now threatens the DRC with even greater unrest, possibly full-scale war.

The country of 85 million people typically changes governments through coup, rebellion or sham elections. Outgoing president Joseph Kabila ruled unconstitutionally since December 2016, when his mandate ended. Continue Reading →

Farewell to Paul Reid, Greater Sudbury’s camera-shy economic development wizard – by Darren MacDonald (Sudbury Northern Life – December 21, 2018)

At the 2010 PDAC Convention (L to R) Ian Wood, Former Sudbury Mayor John Rodriguez, Helen Mulc and Paul Reid. (Photo by Stan Sudol)

https://www.sudbury.com/

Veteran city economic development staffer is retiring after two decades on the job 97

Far from the headlines – and well behind the scenes (or the curtain, if you will) — Paul Reid has spent the last two decades working to grow Greater Sudbury.

The economic development officer did make headlines briefly in 2012, when he was able to salvage a plan to build a chromite smelter in Greater Sudbury, way back in the days when Cliffs Resources still owned the major Ring of Fire deposits. The company had come here to scout a location, which proved unsuitable. They turned to Reid, a veteran in the department who knew the area as well as anyone, who found an alternative within minutes.

“(Cliffs) wanted a brownfield, they wanted it near rail, they needed hydro and they needed it to be away from built-up areas,” former Ward 7 Coun. Dave Kilgour said at the time. “Reid suggested an old mine site north of Capreol.” Continue Reading →

IAMGOLD getting ready to hire for new gold mine south of Timmins – by Len Gillis (Timmins Daily Press – December 21, 2018)

https://www.timminspress.com/

Company said the hiring process is about to begin.

IAMGOLD and Sumitomo Metal Mining Co. are getting ready to begin hiring for jobs related to the construction of the Côté Gold Project south of Gogama.

The two companies are in a joint venture on the new open pit gold mine that was formerly known as the Trelawney Project, about 130 kilometres south of Timmins. The project is located just a few kilometres west of Highway 144. A company update revealed that construction for the new mine is slated to begin in 2019 and the company is looking to hire the right people.

“During this time, Côté Gold will be recruiting for key management and supervisory roles in mining, geology, operations and maintenance as well as support roles,” said the company newsletter. Continue Reading →

Vale aiming to digitize operations: Battery-electric vehicle industry pushing transformation in Sudbury mines – by Lindsay Kelly (Northern Ontario Business – December 20, 2018)

https://www.northernontariobusiness.com/

Nickel is in demand right now, and that’s largely thanks to its role in the burgeoning battery-electric vehicle sector. It’s good news for producers like Vale, but as the technology advances rapidly, one question remains: how can the miner produce enough of the metal to keep up with the industry?

“Our biggest concern, actually, is where does the nickel come from, and we don’t think we can build the plants fast enough, unless we find alternative, cheaper ways to actually start delivering that metal to market,” said Alistair Ross, the director of mining and milling for Vale’s North Atlantic base metals operations.

“We believe innovation is the access to that.” Speaking to mining supply and service providers during the Dec. 10 annual meeting of the Sudbury Area Mining Service and Supply Association (SAMSSA), Ross said Vale is working to digitize every stage of ore production, from exploration through to market, and do so “at the right cost.” Continue Reading →

Gold Rush II: Exploration and Mining in the Yukon (Investing News Network – December 18, 2018)

Investing News Network

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The Klondike Gold Rush helped to define a region, and a second Yukon gold rush is only just beginning to inspire further exploration and mining in the Yukon.

The remote Northwestern Canadian territory of the Yukon is known to people the world over largely due to the events that took place between 1896 and 1899. The Klondike Gold Rush brought tens of thousands of people to the previously barely known region and those four short years created numerous stories of adventure and riches that today live on as legend and define the remote territory.

Over the century since, the Yukon’s mining industry has continued to be the primary source of economic development in the region, as it features a wealth of resources matched by few other places on earth. Today, the Yukon is in the midst of what has been described as a second gold rush, driven by high precious metal values and the discovery of yet another ‘once in a generation’ gold trend. Continue Reading →

Mining innovation helps lead B.C.’s economy into high-tech future – by Bryan Cox (Business In Vancouver – December 18, 2018)

https://biv.com/

Bryan Cox is president and CEO of the Mining Association of British Columbia.

B.C.’s mining industry is an essential part of the economic and social foundation of the province. A vibrant, competitive, growing industry provides benefits to British Columbians in all corners of the province.

However, the rapid pace of change seen both in industry and in broader society requires bold and innovative solutions to ensure that the B.C. mining sector is fiscally competitive with jurisdictions throughout the world and maintains its place as a leader in economic development, environmental best practices and reconciliation with Indigenous peoples.

The opportunity is at hand to expand this foundational industry that employs tens of thousands of British Columbians and contributes billions of dollars annually to the provincial economy. Continue Reading →

Three Themes That Will Likely Shape the Diamond Industry in 2019 – by Paul Zimnisky (Diamond Loupe.com – December 13, 2018)

https://www.thediamondloupe.com/

Looking towards 2019, independent diamond industry analyst and consultant Paul Zimnisky, who covers the natural and the lab-created diamond industry, has identified three themes that will likely shape the diamond industry, exclusively for The Diamond Loupe.

The pricing power of lab-created diamond producers

Even before De Beers announced that they would be entering the lab-created diamond jewelry arena in mid-2018, the price differential of equivalent lab-created and natural diamonds was widening significantly. This is primarily the result of more lab-created supply entering the market and lower-production costs resulting in more competitive pricing amongst producers.

However, given that the price of a mid-quality generic 1-carat lab-created diamond still sells for around $3,700 at year-end 2018, compared to De Beers’ 1-carat Lightbox offering at $800, the lab-created industry is still trying to price the product symbiotically with natural diamonds. Even JCPenney is selling a 1-carat lab-created for upwards of $3,700 to its mostly lower-middle-class demographic in the U.S.

The profit margins for the lab-created producers are quite attractive at the above price points, so it’s no wonder why the industry is reluctant to come down to Lightbox-level pricing. Continue Reading →

Gold mine developer gets federal EA approval for Geraldton open-pit operation – by Staff (Northern Ontario Business – December 17, 2018)

https://www.northernontariobusiness.com/

Two northwestern Ontario mine projects receive federal environmental assessment approvals

Greenstone Gold Mines has gotten federal environmental assessment (EA)approval of its Hardrock gold mine project in northwestern Ontario. Federal Environment and Climate Change Minister Catherine McKenna announced Dec.13 that the Hardrock Gold Mine Project is “not likely to cause significant adverse environmental effects.”

The 15,000-hectare Hardrock property is a proposed open-pit gold mine and processing mill located on Highway 11, two kilometres south of the town of Geraldton. Planned production is 30,000 tonnes of ore per day. Greenstone Gold Mines is a joint venture partnership between Centerra Gold and Premier Gold Mines.

The company’s documents, submitted to the federal government, covered the construction, operation, decommissioning, and abandonment of the mine and mill. Continue Reading →

Sudbury mining supply guild honours long-time mine builder: Cementation’s Roy Slack entered into SAMSSA Hall of Fame – by Lindsay Kelly (Northern Ontario Business – December 13, 2018)

https://www.northernontariobusiness.com/

In his more than three decades in the mining industry, Roy Slack has led countless mine builds across the country, yet even today, he’s still left enthralled by the massive amount of engineering that goes into constructing a mine.

“Every time I drive by a headframe, every time I take a trip down a mine, I’m in awe,” said Slack, president at Cementation Canada. “I still haven’t quite figured out how it all gets done.”

Slack has been integral in shaping how mines have been built over the last 30 years. For his dedication to the industry, he was recognized by the Sudbury Area Mining Supply and Service Association (SAMSSA) on Dec. 10, earning a place in the organization’s Hall of Fame. Continue Reading →

Alistair Ross stepping down as head of Vale Canadian mining operations, including those in Thompson – by Kyle Darbyson (Thompson Citizen – December 13, 2018)

https://www.thompsoncitizen.net/

Vale’s management structure in Canada continues to change with the company recently announcing that Alistair Ross will step down as the director of North Atlantic mining operations by the end of the month when his contract expires. According to a Dec. 11 Vale memo, Mike McCann, who has worked for the Brazilian mining giant in Sudbury for the last six years, will replace Ross Jan 1.

“Mike has done a superb job leading processing operations across the North Atlantic and Asia, delivering value projects and achieving production and safety improvements in a number of areas across our business,” said Ricus Grimbeek, chief operating officer for Vale Base Metals, in that memo. “I have every confidence that Mike will continue his track record of success leading our mining and milling operations.”

This move is the latest change to Vale’s Thompson management, which began back in July when Manitoba Operations vice-president Mark Scott’s position was eliminated. Ross was given the responsibility of overseeing Vale’s Canadian operations in Manitoba, Ontario and Newfoundland and Labrador at that time. Continue Reading →

Miners aim to rebuild global reputation – by Nelson Bennett (Business in Vancouver – December 12, 2018)

https://biv.com/

Canadian companies working to improve industry’s image

Over the years, Canadian mining companies operating overseas in developing countries have earned a bad reputation for their treatment of the environment, workers and local indigenous people.

There have been recent high-profile cases of Canadian mining companies being sued in Canadian courts for alleged violence against protests in Guatemala and alleged use of slave labour in Eritrea. Less frequently in the headlines are the positive things some Canadian miners are doing in the countries where they operate.

B2Gold Corp. (TSX:BTO), for example, has won a number of awards for its corporate responsibility efforts in Nicaragua, the Philippines, and Namibia, and NexGen Energy Ltd. (TSX:NXE), a Vancouver uranium mine developer, recently won an award from the Prospectors & Developers Association of Canada for social development programs it has initiated in La Loche, Saskatchewan. Continue Reading →