Ice Roads Ease Isolation in Canada’s North, but They’re Melting Too Soon – by Dan Levin (New York Times – April 19, 2017)

https://www.nytimes.com/

“These roads are the only way our people can survive,” said Alvin Fiddler,
grand chief of the Nishnawbe Aski Nation, which represents 49 indigenous
communities in northern Ontario, including 32 that are isolated from Canada’s
highway network and electrical grid and depend on the winter road system to
replenish stocks of fuel, food and building materials. Some of those
communities nearly ran out of diesel fuel because an ice road opened
several weeks late, Mr. Fiddler said.

ON THE TLICHO WINTER ROAD, Northwest Territories — In Canada’s northern latitudes, the frigid winter means freedom. That is when lakes and rivers freeze into pavements of marbled blue ice. For a few months, trucks can haul fuel or lumber or diamonds or a moose carcass to the region’s remote communities and mines that are cut off by water and wilderness, reachable for most of the year only by barge or by air.

But Canada’s ice roads — more than 3,300 miles of them — have been freezing later and melting earlier, drastically reducing the precious window of time that isolated residents rely on to restock a year’s worth of vital supplies, or to simply take a road trip.

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Mining symposium highlights modernization in exploration – by Len Gillis (Timmins Daily Press – April 18, 2017)

http://www.timminspress.com/

TIMMINS – After more than 120 years of prospectors staking claims in Ontario, the old and honoured practice of putting a claim post into the ground is soon to be over. A new system of staking claims online by clicking on a computer map through the Ministry of Northern Development and Mines (MNDM) is scheduled to come on stream next winter.

One can only imagine what Jack Wilson, Benny Hollinger and Sandy McIntyre would say. You could even add the names of John Larche and Don McKinnon to that list of legendary claim stakers and mine finders who lived in glory days of gold prospecting in Timmins. They might laugh at how easy it all seems. They might also lament the loss of tradition.

Back in the day, claim stakers were required to head out on the land where their prospect was located. They would place a four-inch wide post in the ground, tag the post and then set off blazing a trail 400 metres to the south for post No. 2, 400 metres west for post No. 3, 400 metres north for post No.4 and then cut the final trail 400 metres east back to post No. 1. The first man to rush back to the mining recorder’s office would win the claim.

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COLUMN-Fund managers down but far from out in the copper market – by Andy Home (Reuters U.S. – April 19, 2017)

http://www.reuters.com/

LONDON, April 19 Copper’s bull momentum from the start of the year is fading as the disruption premium from supply hits at the world’s two largest mines unwinds and broader risk-off turbulence also joins the mix.

Three-month copper on the London Metal Exchange (LME) slid through $5,600 on Tuesday to hit $5,568.50 a tonne, its lowest level since January. And though it staged a small bounce on Wednesday morning, at $5,630 copper’s year-to-date gain stands at a little more than 2 percent, having been up almost 11 percent in February.

On the supply side, a strike at Escondida in Chile has ended, albeit after a longer than expected 43 days, while a temporary compromise on export shipments should allow the Grasberg mine in Indonesia to ramp up towards more normal operating rates.

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Gold’s top forecaster says prices may hit $1 350 by year-end – by Eddie van der Walt and Ranjeetha Pakiam (Bloomberg News – April 19, 2017)

https://www.moneyweb.co.za/

Gold will end the year higher, spurred by faster inflation and political tensions in Russia, Syria and North Korea, according to Intesa Sanpaolo, the best forecaster for the metal last quarter.

Prices could take a v-shaped path this year, with a swoon coming mid-year as the Federal Reserve raises US interest rates, said Daniela Corsini, an analyst at the bank. Gold will likely bounce back by year-end, reaching a high of $1 350 an ounce in the fourth quarter, she predicted.

That would leave bullion at the highest level since September. Prices have risen 12% this year, supported by inflation concerns and a mix of geopolitical worries, including North Korea’s nuclear ambitions and U.S. airstrikes in Syria and Afghanistan.

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Coal Museum Sees the Future; Trump Doesn’t – by Thomas L. Friedman (New York Times – April 19, 2017)

https://www.nytimes.com/

Did you catch this gem on CNN.com from April 6? “The Kentucky Coal Mining Museum in Benham, owned by Southeast Kentucky Community and Technical College, is switching to solar power to save money. … Communications director Brandon Robinson told CNN affiliate WYMT that the project ‘will help save at least eight to ten thousand dollars, off the energy costs on this building alone.’”

Go figure. The coal mining museum is going solar, for solid economic reasons, and President Trump is reviving coal, with no economic logic at all. This bizarre contrast speaks to a deeper question of leadership and how we judge presidents.

Trump took two major national security decisions in the past few weeks. One was to strike Syria for using poison gas. Trump summoned his national security team, asked for options on Syria, chose the cruise-missile strike — which was right — and won praise for acting “presidential.”

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Arbitration hearing on QIA-Baffinland royalties dispute starts April 18 (Nunatsiaq News – April 18, 2017)

http://www.nunatsiaqonline.ca/

Inuit org alleges mining company in breach of Mary River IIBA obligations

A long awaited arbitration hearing aimed at resolving a complex dispute between Baffinland Iron Mines Corp. and the Qikiqtani Inuit Association over advance royalty payments for the Mary River project got started April 18 in Vancouver before a three-person panel, the QIA has announced in a release.

In a statement of claim filed Aug. 26, 2016, the QIA alleged that Baffinland, under their Inuit Impact and Benefit Agreement for Mary River, owed them, at that time, at least $6.25 million in advance payments.

Under the Mary River IIBA, Baffinland has already made advance payments to QIA—against future royalties— worth a total of $20 million: $5 million on the date the IIBA was signed, $5 million after the water licence was received, and $10 million after making their final construction decision.

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Do right by injured miners – Editorial (Toronto Star – April 19, 2017)

https://www.thestar.com/

Ontario miners who were forced to inhale a black aluminum-based substance, who have now developed neurological diseases, must be taken care of. Just contemplating it is sickening: Ontario miners forced to inhale a black aluminum-based substance called McIntyre Powder every time they went on shift.

The powder the miners were forced to breathe in from about 1943 to 1980 was actually developed to reduce the likelihood of them developing lung diseases caused by the high content of carcinogenic silica in gold and uranium mines.

But it turns out what they were inhaling may have made them sick in other ways. New research suggests aluminum is a toxin that can cause neurological diseases, including Alzheimer’s, if it gets into the bloodstream.

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Western Potash announces plans to move ahead on Milestone Project – by Ashley Robinson (Regina Leader-Post – April 16, 2017)

http://leaderpost.com/

The Rural Municipality of Lajord isn’t holding its breath when it comes to the Western Potash project at Milestone. “(Western Potash) told us eight years ago they’re going to be (building it) so thats the bottom- line. I can’t get excited anymore, when we see things move ahead then we’ll start getting excited,” said Erwin Beitel, reeve of RM of Lajord.

The long-delayed potash mine is once again slated to move forward. On Tuesday, Western Potash held an open house in Kronau — one of many held over the years.

The project was first proposed in 2009, with an original plan to produce 2.8 million tonnes of potash per year. At the time potash prices were US$400 per tonne, but then the economy dipped and potash prices fell, causing the project to be delayed.

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Blood on the Mountain: Blood on Their Hands – by Michael Berkowitz (Huffington Post – April 18, 2017)

 

http://www.huffingtonpost.com/

Mari-Lynn Evans and Jordan Freeman’s “Blood on the Mountains” is a searing indictment of the coal industry’s war on the people of Appalachia. But beyond its story of regional devastation, this stirring documentary is a template of class struggle across America.

Evans and Freeman track the development of the coal industry, nicely framing the main issues and players as they roll out their woeful tale. In the late 19th century, cheap abundant coal fueled the United States’ industrial growth. Because this resource was located in rural areas, nascent coal companies were able to steer development.

They could structure every aspect of the companies’ composition and of their workers lives. Coal barons were able to shape this system in part because of the remoteness of mines from population centers and the failure of corrupt local and weak, remote federal governments.

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Glencore Cobalt Supplies in Congo Face Hold Up Over Mine Row – by Thomas Wilson (Bloomberg News – April 19, 2017)

https://www.bloomberg.com/

A dispute between state-owned Gecamines and its joint-venture partner at a Congolese cobalt mine that supplies Glencore Plc threatens to halt the supply of as much as 4 percent of the metal within two months.

Jersey-registered GTL, a joint venture between Gecamines and closely held Groupe Forrest International, has processed the hill of mine waste that looms over the southern Congolese mining town of Lubumbashi since 2001, producing as much as 5,000 metric tons of cobalt a year. The state-owned miner has blocked GTL’s access to the site since March 23, according to Groupe Forrest Chief Executive Officer Malta Forrest.

“Gecamines has blocked our access stating that it believes we have exceeded the limits set in our contract,” Forrest said in an interview April 15 in Lubumbashi. “It’s simply not true. Despite our requests Gecamines provided no evidence for their calculations.”

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Approval of Mount Polley mine waste dumping irks critics – by Yvette Brend (CBC News B.C. – April 18, 2017)

http://www.cbc.ca/news/canada/british-columbia/

Mount Polley Mining Corporation has been granted permission to drain treated mining waste water into Quesnel Lake, a massive glacial lake that provides drinking water to residents of Likely B.C., northeast of Williams Lake.

Approval of the long-term waste water management plan came April 7, despite a disaster that put the water at risk in 2014 and a provincial investigation into the spill that is not yet complete. “The timing is absolutely surprising,” said Ugo Lapointe of Mining Watch Canada, who pointed out the news release came on a Friday afternoon before the launching of the B.C. election.

Quesnel Lake, famed for trophy-sized rainbow trout, is feared at risk by locals who describe it as the deepest fjord lake on earth, and who protest any dump of mining waste, treated or otherwise, which can carry toxic elements and heavy metals such as arsenic and lead or zinc.

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A new model for hauling ore: Cementation develops injection hoisting technology for transporting ore to surface – by Lindsay Kelly (Northern Ontario Business – April 19, 2017)

https://www.northernontariobusiness.com/

A new technology developed by Cementation in North Bay is holding promise as an alternative for bringing ore mined underground up to the surface. Created as a more efficient, cost-effective option to existing models that employ ramps or vertical shaft systems, “injection joisting” transports ore to the surface using a pump-driven pipeline loop.

Cementation president Roy Slack said the technology has real potential to bring substantial value to the industry. “Any time you can impact the capital and operating costs, not only does it mean that existing mines become more efficient, but it can also make the difference between a marginal mine and a profitable mine,” Slack said.

“Some orebodies that may not get developed, this may be a method that allows them to get developed, so that means jobs, that means value creation.” The company has been working on the technology for roughly the last five years, but it came to the forefront of the industry in early March when it was selected to share the $1-million top prize — out of 153 submissions — with Kore Geosystems in the Disrupt Mining contest.

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China’s Shandong Tyan says talks over on bid for Barrick’s Kalgoorlie – by Susan Taylor (Reuters U.S. – April 19, 2017)

http://www.reuters.com/

TORONTO – Shanghai-listed Shandong Tyan Home (600807.SS) said on Wednesday its negotiations with Barrick Gold Corp (ABX.TO) to buy the Canadian operator’s 50-percent stake in Kalgoorlie mine have ended without a deal, citing new capital and acquisition rules in China.

Toronto-based Barrick had been reviewing the financial backing behind an approximate $1.3 billion bid for its stake in Kalgoorlie mine by Minjar Gold, a unit of Shandong Tyan, Reuters reported in November. Barrick, the world’s largest gold producer, declined to comment on the matter. It reports first-quarter financial results on April 24.

In February, Barrick President Kelvin Dushnisky said “advanced negotiations with a proposed buyer,” were under way and Barrick would be “happy sellers” at the right price. “We’re also very happy to continue to own that asset,” he said.

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Iron ore price collapse wipes billions off top mining stocks – by Frik Els (Mining.com – April 18, 2017)

http://www.mining.com/

The Northern China import price of 62% Fe content ore plunged 5% on Tuesday to a six-month low of $61.50 per dry metric tonne according to data supplied by The Steel Index. The price of the steelmaking raw material is now down by more than a third over just the last month.

The knock-on effect on the market value of the world’s top iron ore miners have been dramatic with world number four, Australia’s Fortescue Metals Group, a pure play iron ore producer, hardest hit. FMG stock has lost more than 23% of their value over the last month and the Perth-based firm is now worth US$15.6 billion on the ASX following a 7.5% drop in Tuesday trading.

World number one Vale is down 16.1% over the same period knocking $8.5 billion off the Rio de Janeiro-based company’s market capitalization. Diversified giants Rio Tinto and BHP Billiton between them have given up $19 billion between them since the iron ore price peak mid-March.

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Soros Calls $10 Billion Steinmetz Mine Suit a ‘Frivolous’ Stunt – by Jesse Riseborough and Franz Wild (Bloomberg News – April 18, 2017)

https://www.bloomberg.com/

George Soros hit back at allegations that he supported a defamation campaign that resulted in Israeli mining magnate Beny Steinmetz being stripped of rights to one of the world’s most lucrative mineral deposits.

Soros funded law firms, transparency groups, investigators and government officials in the West African nation of Guinea in a coordinated effort to ensure BSG Resources Ltd. lost the rights to the Simandou iron ore deposit in April 2014, BSGR said in a complaint filed Friday in Manhattan federal court. Companies controlled by Steinmetz allege the actions of the Soros-funded groups cost them at least $10 billion.

“The allegations in BSGR’s lawsuit are frivolous and entirely false,” Michael Vachon, a spokesman for Soros, said in an emailed statement. “The lawsuit is a desperate PR stunt meant to deflect attention from BSGR’s mounting legal problems across multiple jurisdictions.”

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