Feathers fly as officials cry fowl on fed’s Chicken gold miners raid – by Dorothy Kosich (Mineweb.com – September 6, 2013)

http://www.mineweb.com/

Did the EPA need to send in a federal-state SWAT-type team to enforce the Clean Water Act in Alaska’s Fortymile Mining District? Alaska officials say, “No!”

RENO (MINEWEB) – Outraged by what his office called a “needless show of force,” Alaska Gov. Sean Parnell Thursday ordered an investigation into the practices of the Alaska Department of Environmental Conservation’s Environmental Crimes Unit and the U.S. Environmental Protection Agency’s Criminal Investigation Division after armed government agents, wearing body armor, swooped in on 30 placer gold mining operations along the Fortymile River near Chicken, Alaska.

“With a mere last minute notification to our DEC commissioner, Alaska’s attorney general, and the Department of Public Safety, the EPA, BLM and a DEC investigator took it upon themselves to swoop in on unsuspecting miners in remote Alaska,” said Parnell. “This level of intrusion and intimidation of Alaskans is absolutely unacceptable. I will not tolerate any state agency’s participation in this sort of reckless conduct.”

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New high grade zone drilled on Duluth base and precious metals complex – by Lawrence Williams (Mineweb.com – September 5, 2013)

http://www.mineweb.com/

New drill holes on the Twin Metals Minnesota Maturi deposit on the massive Duluth metallurgical complex indicate the presence of yet another high grade nickel-copper zone.

LONDON (MINEWEB) – In what Duluth Metals CEO, Chris Dundas, described in an email to Mineweb as yet another ‘exciting’ piece of news, the company has reported that a new high grade zone of nickel-copper mineralisation has been intersected on the southern edge of its Maturi deposit within the Duluth/Antofagasta Twin Metals Minnesota (TMM) project in north eastern Minnesota, USA.

The Duluth Complex possibly contains the world’s largest undeveloped polymetallic resource containing nickel, copper, cobalt, platinum, palladium, gold and more. It is somewhat comparable in size to the Sudbury nickel complex in Canada, Norilsk in Russia and the Bushveld Compex in South Africa as massive bodies containing huge amounts of strategic metals, but these others are already being worked extensively. The Duluth Complex is believed to contain the world’s third largest nickel resource and the second largest concentration of copper and platinum group metals.

Duluth Metals with TMM is one of the biggest concession holders in the area, if not the biggest, having acquired Franconia in 2011, although PolyMet is perhaps more advanced towards production with the smaller, but still significant-sized, NorthMet project on another part of the Complex, while Teck is among other companies which are looking at other areas there.

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Mining opponents: You think you know Ely’s needs? – by Joe Baltich (Minneapolis Star Tribune – August 31, 2013)

http://www.startribune.com/

Joe Baltich lives near Ely, Minn.

These days, everybody has a lot to say about mining, tourism and the northern Minnesota economy. Many from the Twin Cities area oppose an underground copper-mining proposal near Ely and have been trying to stop the project in its tracks.

One of their reasons for doing so is well-intended — they want to protect the Boundary Waters Canoe Area Wilderness. The second reason is more self-serving — they want to protect it for whenever the day comes that they decide to pay a visit.

I felt that it is time someone actually from Ely explained our reality. We want to protect the BWCA all the time, and we also want to be a viable, vibrant community. It is hard to do that with outside forces trying to stifle economic activity. I was recently asked by a Twin Cities resident to sign an anti-mining petition. Here is a condensed version of the letter I sent in reply:

The whole town of Ely is economically collapsing. Last year, 156 people were in the obituaries, and the New Year’s baby was born on Feb. 10. Resort bookings for May and June were substantially off, and I’m pretty sure they will be down for July and August.

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Lancaster Co. proposal could affect future gold mining – by Sammy Fretwel (Herald On Line.com – September 2, 2013)

http://www.heraldonline.com/

That’s why plenty of people are watching Romarco Minerals Inc. these days. The fate of gold mining in South Carolina is tied to an ambitious plan by the company to offset wetlands damage at a huge mine it plans near Kershaw – and how well Romarco navigates the environmental permitting process, observers say.

More than 20 years after one of the state’s most prolific gold mines closed, Romarco Minerals Inc. of Canada is trying to persuade state and federal regulators to let it dig up and substantially expand the Haile mine in Lancaster County.

To do that, Romarco must convince regulators that the company has done all it can to avoid unnecessary damage to wetlands, streams, rivers and groundwater – and Romarco must offer compensation for the environmental impacts the mine will have. The company recently offered a wetlands offset package that could cost it $32 million.

Romarco’s efforts are expected to guide future company work in South Carolina, as well as those of other gold-exploration companies on whether to dig new mines. Some of Romarco’s competitors have been searching for gold in the Carolina Slate Belt, a rocky area that in South Carolina is largely between Columbia and Charlotte.

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Ex-Im loan request pits Caterpillar against iron ore miners – by John Myers (Prairie Business – August 26, 2013)

http://www.prairiebizmag.com/

DULUTH, Minn. — It’s not that Minnesota’s congressional delegation doesn’t like Australia, mate. But the idea of a U.S. government bank loaning money to an Australian iron ore mine that will compete with Minnesota taconite?

That’s what they don’t like.

U.S. Sens. Al Franken and Amy Klobuchar and U.S. Rep. Rick Nolan, all Minnesota Democrats, are on record opposing a plan in front of the U.S. Export-Import Bank to invest in equipment for the giant Roy Hill iron mine in Australia’s northwestern Outback.

The Export-Import Bank is considering a request for $650 million in long-term financing to aid the export of $522 million of U.S.-made mining equipment to mine and process ore at Roy Hill. The rest of the money could be going to install the U.S. equipment on site at the mine.

Cleveland-based Cliffs Natural Resources, with four mines in Minnesota and Michigan, has led the charge to stop the loan, saying it threatens U.S. mining jobs and, with new Asian steel produced from Australian ore, eventually threatens U.S. steel industry jobs.

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Mining projects on Range can be safe, profitable – by Rolf Westgard (St. Cloud Times – August 17, 2013)

http://www.sctimes.com/ 

This is the opinion of Rolf Westgard, a professional member of the Geological Society of America. He teaches classes on energy subjects for the University of Minnesota Lifelong Learning program.

In 2011, we humans extracted and burned some 15 billion tons of coal, oil and natural gas, or 4,000 pounds for everyone on Earth. That put more than 30 billion tons of greenhouse gases into the atmosphere.

Nature passed over Minnesota on its way to states such as North Dakota and Texas where it placed the sedimentary basins in which fossil fuels such as oil formed. Minnesota was not totally forgotten, and we got minerals such as iron ore and the non-ferrous group of copper, nickel, cobalt, palladium, platinum, etc. We’ve dug up most of the iron. But nestled in a wide band, meandering along the Archean granite of the Iron Range, is a world-class deposit of non-ferrous metals worth billions of dollars and thousands of jobs.

Total world annual production of those metals is just 30 pounds or so per person, and their demand and price is rising. Manufacturing wind turbines, solar panels, electric vehicles, catalytic converters and smart grid power lines requires copper, nickel, cobalt, palladium and platinum. 

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Don’t allow sulfide mining without answers to concerns – by Paul Austin, Paul Dancic and Scott Strand (Duluth News Tribune – August 18, 2013)

http://www.duluthnewstribune.com/ 

Paul Austin of Minneapolis is executive director of Conservation Minnesota, Paul Danicic of Minneapolis is executive director of Friends of the Boundary Waters Wilderness and Scott Strand of St. Paul is executive director of the Minnesota Center for Environmental Advocacy. They wrote this for the News Tribune on behalf of the grass-roots group Mining Truth (miningtruth.org), which is promoting the four questions discussed in the commentary.

Water is written into our state’s identity: We are the Land of 10,000 Lakes. What we do to protect Minnesota’s lakes and rivers today will determine what future we leave for our children and grandchildren.

Later this summer, Gov. Mark Dayton and the Department of Natural Resources will be faced with an important decision about the future of Minnesota’s lakes and rivers. The new draft environmental impact statement for the PolyMet mining project near Hoyt Lakes is expected to be released, and the Dayton administration will have to decide how or whether the project should proceed.

The PolyMet project is the first proposed sulfide mine in Minnesota, located near waters that flow into Lake Superior. Another proposed mine by Twin Metals would operate next to the Boundary Waters Canoe Area Wilderness. Sulfide mining is different from our traditional iron mining and holds the potential for long-lasting toxic pollution. 

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Rigorous standards will ensure clean mines – by Frank Ongaro (Duluth News Tribune – August 18, 2013)

http://www.duluthnewstribune.com/

Frank Ongaro is executive director of Duluth-based MiningMinnesota (miningminnesota.com), which supports the development of metals mining in the state.

From President Obama to Gov. Mark Dayton, elected officials have made jobs a top priority. In Minnesota, one thing is certain: There is no better opportunity for creating thousands of great-paying jobs, providing millions of dollars in tax revenue for local governments and generating more than $2 billion in royalties for our schools than the proposed copper/nickel strategic metals mineral development projects.

Mining already represents 30 percent of our region’s Gross Domestic Product (tourism is 11 percent). And, with the development of these strategic metals projects, we easily can double the size and benefit of the overall mining industry in Minnesota.

Fortunately, we can have these jobs and the spin-off economic benefits they bring — and an environment with clean air and water. There is no debate. We all want the same thing: clean air and clean water. 

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Penny stock fraud: Alleged mastermind Sandy Winick once lived the high life in Toronto – by Madhavi Acharya-Tom Yew (Toronto Star – August 15, 2013)

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.

Winick’s past includes bankruptcy filings, scrutiny by stock market regulators, and co-founding The Fight Network.

More details are coming to light about one-time Toronto resident Sandy Winick, the alleged mastermind of a worldwide pennystock fraud believed to be on the run in Thailand.

Winick’s track record in business includes bankruptcy filings, a dizzying number of subsidiaries and companies that traded over-the-counter, and co-founding testosterone-laden cable channel Fight Network, which features boxing and mixed martial arts.

Winick, who U.S. authorities alleged this week ran the $140 million fraud ring, also has a taste for the highlife, as can be seen in a Star article profiling his home in 2005.

Winick, an aquarium enthusiast, and his wife Jodi spoke about elaborate plans for one salt water and one fresh water tank in their north Toronto home.

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Four Canadians charged in massive $140M international penny stock fraud scheme – by Adrian Humphreys (National Post – August 14, 2013)

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

Former Toronto resident Sandy Winick figured he was on to a good thing with his scam raking in millions of dollars from investors, U.S. authorities allege, telling a colleague his scheme was better than another: “That deal is obviously a pump-and-dump. We know enough to be subtle.”

His business partner, Kolt Curry, another Canadian, allegedly boasted: “The money is good, it’s easy. It’s easy money. Definitely easy money, and it’s good money.” And for awhile, they were right.

On Tuesday, however, they were two of four Canadians indicted in the United States, alongside five Americans, charged with running the largest international penny stock and advance fee frauds in history.

Mr. Winick, 55, was named as the mastermind behind the two related schemes that U.S. prosecutors allege bilked victims in 35 countries out of more than $140-million.

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FBI arrests seven in $140 million penny stock fraud – by Bernard Vaughan (Reuters U.S. – August 13, 2013)

http://www.reuters.com/

NEW YORK – (Reuters) – Federal prosecutors said on Tuesday they arrested seven people in a more than $140 million international penny stock scheme that involved fraudulently inflating share prices and trading volumes.

Two people charged, including the alleged mastermind, remain at large, according to the office for the U.S. Attorney for the Eastern District of New York.

The fraud generated funds from investors in about 35 nations through various brokerage and bank accounts, according to a statement from the office of U.S. Attorney Loretta Lynch in Brooklyn.

The arrests, made in five states and in Canada, followed one of the largest international penny stock investigations ever conducted by the U.S. Department of Justice and the FBI, according to the statement.

“As alleged in the indictment, the defendants used our securities markets as a platform from which to run elaborate fraudulent schemes to victimize unsuspecting investors across the globe,” Lynch said in a statement. “Where others saw citizens of the world, the defendants saw a pool of potential marks.”

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UPDATE 1-Freeport says Indonesia export ban may cut copper output – by Fergus Jensen (Reuters India – August 13, 2013)

http://in.reuters.com/

Aug 13 (Reuters) – Freeport-McMoRan Copper & Gold Inc’s Indonesian subsidiary warned that output from Grasberg, the world’s second-biggest copper mine, could be cut by a ban on unprocessed ore exports that takes effect next year.

The Indonesian government is pushing miners, especially foreign-owned operations such as Freeport’s Grasberg, to add more value within the country.

Freeport, which on Tuesday signed two memorandums of understanding with Indonesian companies planning to build smelters that would process its ore, said it might seek a way around the rules during its contract renegotiation with the government.

The company currently processes only around 40 percent of its ore mined in Indonesia at one smelter in East Java, PT Freeport Indonesia Chief Executive Rozik Soetjipto said on Tuesday, but the law now requires it to smelt all of the ore in Indonesia from January 2014.

“If there is no dispensation from the government… our mining capacity will need to be reduced … It’s very complicated,” Soetjipto said at a news conference in Jakarta.

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Mining industry’s view: Let mining boost state manufacturing – by Hal Quinn (Duluth News Tribune – August 11, 2013)

http://www.duluthnewstribune.com/

Hal Quinn is president and CEO of the Washington, D.C.-based National Mining Association (nma.org), which advocates on behalf of America’s mining and minerals resources.

The economy is a top concern for state manufacturers who question whether Minnesota is a competitive state in which to do business, according to findings from Enterprise Minnesota’s fifth-annual “State of Manufacturing” report released in July.

The economy is a top concern for state manufacturers who question whether Minnesota is a competitive state in which to do business, according to findings from Enterprise Minnesota’s fifth-annual “State of Manufacturing” report released in July. Chief among the features state officials should be touting to anxious industry leaders is Minnesota’s vast mineral wealth, which — through sound reform of the federal mine-permitting process — could provide manufacturers with ready, reliable access to the raw materials upon which they rely.

That’s not to say there aren’t already thousands of Minnesotans working to develop some key state resources. Last year, more than $4.5 billion worth of minerals were produced in Minnesota, minerals crucial to high-tech devices, electro-medical equipment, advanced-energy components, defense technologies and infrastructure.

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COLUMN-More mines open, making rare earths less rare – by John Kemp (Reuters India – August 1, 2013)

http://in.reuters.com/

Aug 1 (Reuters) – The United States has resumed mining rare earths after more than a decade, ending its total reliance on imports, mostly from China, for raw minerals Washington says are critical for the economy and national security.

Responding to a quadrupling of prices between 2005 and 2011 and growing anxiety about supplies from China, Molycorp’s Project Phoenix has sought to resurrect domestic production.

In 2009, the company started processing stockpiled concentrate. Last year it resumed mining at Mountain Pass in California’s Mojave Desert, which it had suspended in 2002.

Molycorp plans to raise output to 19,050 metric tonnes of rare earth oxide per year by the middle of this year, enough to satisfy more than 10 percent of worldwide demand. The resumption of domestic production comes after a period when shortages stoked tensions between the United States, the European Union and Japan and their main supplier, China.

In March 2012, the three consumers complained to the World Trade Organization (WTO) about China’s export restrictions on rare earths, tungsten and molybdenum, which they claimed were intended to reserve scarce elements for its manufacturers, discriminating against users in their own countries.

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Building facilities, building a work force, building a mine – by Anna Kurth (Hibbing Daily Tribune – July 30, 2013)

http://www.virginiamn.com/

Essar Steel Minnesota’s place in iron industry secure

NASHWAUK — For officials at Essar Steel, mining in Minnesota is all about location. Locating on the Iron Range provides immediate access to the rail lines and utilities necessary to mine and transport their product and employees with the skills they’re seeking.

Building a new plant also provides the advantage of mining next door to the facility, which allows Essar Steel to be in the first-quartile of low-cost producers, said Ken Kinsey, chief of operations. A large portion of mining costs come from mining operations — equipment and employees, he said. Essar Steel will start operations needing less of both.

Other mines first built their primary crusher right on the doorstep of the mine. But during decades of mining, operations have migrated and haul distances have increased. Now Essar will benefit from mining on its crusher’s doorstep.

“We’ve put our plant on the north side of the ore body so it doesn’t encumber any iron ore resources,” Kinsey said, adding that the plant is positioned so mining will start where stripping is lowest.

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