Republic of Mining

PDAC announces six industry leaders in 2014 awards – by Henry Lazenby (MiningWeekly.com – January 9, 2014)

March 15, 2018January 10, 2014

http://www.miningweekly.com/page/americas-home

TORONTO (miningweekly.com) – The Prospectors and Developers Association of Canada (PDAC) on Thursday announced the names of six industry leaders that would receive the 2014 PDAC awards during the association’s yearly convention in Toronto, slated for March 2 to 5.

The yearly awards showcase the achievements of companies, individuals and groups in the mineral exploration and mining sector by highlighting the best in domestic and international mineral discovery, mine development, Aboriginal achievement, environmental and social responsibility, and distinguished service.

The PDAC awarded the Bill Dennis award for a Canadian mineral discovery or prospecting success to Ross McElroy for leading explorer Fission Uranium’s team of geologists in one of the most significant discoveries in the Athabasca basin in recent years.

The Patterson Lake South property is a high-grade, shallow-depth uranium discovery located on the south-western margin of the Athabasca basin, in northern Saskatchewan. McElroy has over 30 years experience as a professional geologist and, under his leadership, Fission’s uranium discovery had rejuvenated the exploration industry in the Athabasca basin.

First Nations seek benefit of [Ring of Fire] development – by Gord Young (North Bay Nugget – January 10, 2014)

January 10, 2014

http://www.nugget.ca/

Talks between the Ontario government and First Nations in and around the Ring of Fire are progressing well despite the challenges faced by companies trying to develop in the region, says Bob Rae.

The former federal Liberal leader and provincial Premier, who is now lead negotiator for the Matawa Tribal Council representing nine First Nations nearest the Ring of Fire mineral deposit, said hurdles including the recent move by Cliffs Natural Resources Inc. to indefinitely suspend all work on the project, haven’t slowed his efforts to ensure First Nations benefit from any development.

“We haven’t missed a step,” said Rae, noting his talks are with the province. “This discussion needs to happen if a mining company decides it’s going to invest tomorrow or next week or next year. We gotta be ready for that.”

The Ring of Fire is estimated to contain $60 billion in undeveloped minerals. But costly infrastructure is needed, including road or rail access to the region. And the province has been calling on its federal counterpart to contribute funding.

Ontario delivered on taxes. Business’s turn to step up – by Jeffrey Simpson (Globe and Mail – January 10, 2014)

January 10, 2014

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.

Hello, Queen’s Park. Hello, Toronto. Hello, Ottawa. Anybody home?

Ontario continues to stagnate while provincial politicians play games in a minority government, Torontonians are fixated by the Rob Ford gong show and the Harper Conservatives remained preoccupied by their western base.

Ontario’s task force on competitiveness and productivity recently released its 12th annual report and discovered that after inflation, Ontario’s gross domestic product has grown by just 6 per cent since 2002. That paltry growth has left the province 14th among comparable provinces and U.S. states, with only Florida and Quebec lower.

Sure, the task force has recommendations and the occasional critique of government. But what really stands out is its criticism of business, whose lobbyists and bullhorns in the media are always preaching for lower taxes.

Ontario has delivered. The province lowered corporate taxes. It harmonized the provincial and federal sales tax into the Harmonized Sales Tax.

Guest editorial: A heap of trouble for the junior sector – by Ed Thompson (Northern Miner – January 8, 2014)

January 10, 2014

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

A pillar of the Toronto mining community, Ed Thompson kicked off the new year by resigning from his many directorships in junior mining companies. As he tells The Northern Miner, part of the reason for doing so all at once was that he is “trying to make a statement to regulators and government bodies that drastic corrective actions are necessary, or a thousand juniors are going to die or be dormant. Probably won’t help but you gotta try.” The following are his thoughts on the state of the junior sector:

2014 will be a very slow year for mineral exploration as both the senior and junior mineral exploration companies face a plethora of problems. It is not just one or two problems facing the industry but a multitude as the industry comes off its highs of 2003-08.

For the seniors, they have all faced cost overruns on their projects due to a combination of permitting delays, environmental and social costs and delays, and poor engineering supervision in their attempt to develop projects in remote areas of the world.

Virtually no major mining project in the world performed to specs and the financial markets have downgraded these companies. This negative publicity has rubbed off on the junior markets. If the majors can’t perform, why should we risk our money with the juniors.

How the Polar Vortex revealed the hubris in Newfoundland’s leadership – by Konrad Yakabuski (Globe and Mail – January 9, 2014)

January 10, 2014

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.

Mother Nature just forced two of Canada’s premiers to show what they’re made of, after winter storms left thousands of their citizens without electricity.

Ontario’s Kathleen Wynne was sugar, spice and everything nice, delivering groceries and feeling everyone’s pain. Even when she bungled a gift-card distribution to the powerless, she showed that her heart was in the right place.

Newfoundland and Labrador’s Kathy Dunderdale, however, seemed to lead her province through the outages with neither heart nor head. With most of the Rock in the dark, she dismissed the situation as a non-crisis that underscored the wisdom of her government’s controversial Muskrat Falls hydroelectric project. “Would I have done things differently? Absolutely not,” she insisted after power was mostly restored.

Newfoundland premiers have rarely been known for humility, and Ms. Dunderdale seems to be keeping the tradition alive. But her self-assurance is misplaced.

NEWS RELEASE: Employees and OMA member Vale join forces for fundraising success

January 10, 2014

This article was provided by the Ontario Mining Association (OMA), an organization that was established in 1920 to represent the mining industry of the province.

Ontario Mining Association member Vale and United Steelworkers Local 6500 worked together to reach the fundraising goal of three-quarters of a million dollars for United Way/Centraide Sudbury and Nipissing Districts. The company and the union jointly announced this $750,000 charity-supporting success earlier this week.

“Achieving this fundraising goal speaks to the incredible generosity of our employees and their ongoing commitment to our community,” said Kelly Strong, Vice President of Vale’s Ontario and U.K. Operations. “It is an accomplishment we can all be proud of.” Mr. Strong is also serving as the 78th chairman of the Ontario Mining Association, which will be celebrating its 94 anniversary later this year.

Mr. Strong kept his promise to employees when the fundraising target was reached to acknowledge the achievement with a ceremonial head shaving. Patricia Mills, Publisher of Northern Ontario Business and Sudbury Mining Solutions Journal, who is United Way chair, performed the tonsorial manoeuvre at a public event.

BRAZIL’S VISION: BUILD HUMAN CAPACITY IN SCIENCE & TECHNOLOGY: Impacting Laurentian University – by Dick DeStefano (January 2014)

September 7, 2018January 10, 2014

Dick DeStefano is the Executive Director of Sudbury Area Mining Supply and Service Association (SAMSSA). destefan@isys.ca

Science without Borders (SwB)

Funded primarily by the Brazilian Government, the SwB scholarship program was launched in July 2011. The program to send 101,000 Brazilian students to study internationally in the science, technology, engineering, and mathematics (STEM) subjects by 2015. The Government of Brazil is funding 75,000 scholarships and a further 26,000 are being funded by the private sector.

During his official visit to the Federative Republic of Brazil from April 22 to 28, 2012, His Excellency the Right Honourable David Johnston, Governor General of Canada, announced that Canada will welcome 12,000 Brazilian students at the undergraduate, doctoral and post-doctoral levels under the SwB program by 2015.

I would like to applaud the vision and commitment Brazil has demonstrated by implementing such an innovative and brilliant strategy that will make them a major force within the next decade in the global marketplace.

In the past ten years as executive director of SAMSSA I have attended workshops and seminars lamenting the lack of solutions we have in Canada to rebuild our human capacity and solve our long term need for new highly skilled personnel. The Brazilians are showing us that the answer lies in a concentrated investment in its newest generation of undergraduate students.

Mining skills shortage in B.C. in 2014 and beyond – by John Roozendaal (Vancouver Sun – January 9, 2014)

January 9, 2014

http://www.vancouversun.com/index.html

John Roozendaal is president of VMS Ventures.

British Columbia is known as a world-class centre of mining excellence, and Canada’s largest producer of copper, exporter of coal and the only producer of molybdenum. Mining has a production value of approximately $8.6 billion each year and currently employs over 30,000 people across the province.

The B.C. government recognizes the importance of mining. The BC Jobs Plan has set a target of opening eight new mines, and expanding nine existing mines by 2015. This will be supported by the 850 mining and exploration companies based in Vancouver — including ourselves — which account for more than half of the mining companies across Canada as a whole.

However, there is one major sticking point that could prevent these goals from being achieved: We are facing a skills shortage in the industry, and this will only escalate over the coming years as more mines are built and the need for skilled labour intensifies.

A shortage of 60,000 to 90,000 skilled workers is expected by 2017 according to The Mining Association of Canada, with B.C.’s mining industry requiring over 17,000 new employees within the next ten years.

COLUMN-Uncertainty the only certainty with Indonesia mineral export ban – by Clyde Russell (Reuters India – January 9, 2014)

January 9, 2014

http://in.reuters.com/

Jan 9 (Reuters) – The key point with any laws or regulations is not that they are on the statute book, it’s whether they are applied and enforced, and this will be the case with Indonesia’s ban on metal ore exports.

As is often the case with Indonesia and government policy, the only certainty is uncertainty and whether the prohibition on exporting unrefined ores goes ahead, and in what form, is far from clear.

In the case that the ban goes ahead as planned from Jan. 12, it seems likely that nickel ore and bauxite, with a value of up to an annual $2 billion will be the hardest hit. Indonesia is the world’s biggest exporter of nickel ore and supplies about two-thirds of top buyer China’s imported bauxite.

But Indonesia’s mining ministry is seeking to pass regulations to ease the ban and phase in the requirements for domestic processing over a longer period of time. The proposal recommends that raw mineral ores can be exported until 2017, after which all would have to undergo domestic processing.

Gold’s weakening outlook threatens miners’ credit ratings – by Rachelle Younglai (Globe and Mail – January 9, 2014)

January 9, 2014

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.

Moody’s Investors Service cut its gold price forecast for the year, putting the credit ratings of Canada’s largest precious metal producers at risk of a downgrade as they battle an industry slump.

Reflecting the sharp drop in gold prices, Moody’s on Wednesday said it will use an average bullion price of $1,100 (U.S.) an ounce instead of $1,200 to determine a company’s credit rating.

“The increasing risk of lower prices suggests that key credit metrics of certain producers are stretched for current ratings in the absence of mitigation through cost reductions or other actions,” Moody’s said in a report announcing the lower gold price outlook.

Last year, gold fell nearly 30 per cent to $1,200 an ounce and has traded close to that level for the past few months. The weaker price forced producers to write down assets, cut jobs, and suspend dividends and projects.

Zimbabwe: Honeymoon Over for Miners – by Martin Kadzere (All Africa.com – January 8, 2014)

January 9, 2014

http://allafrica.com/

GOVERNMENT has invited mining firms to submit, by Saturday next week, proposals for the establishment of beneficiation facilities as the deadline to ban exports of raw platinum concentrates approaches. The Government gave existing platinum miners two years at the beginning of last year to set up a refinery, but there has been no meaningful progress.

The two years end in December this year, and thereafter, exportation of raw platinum concentrate will be banned. Producers of base metals, mainly nickel and chrome, are also expected to make their proposals.

The settler regime banned exports of base metal ores and concentrates and insisted that all chrome, nickel and copper was refined to at least high intermediate levels in the country.

Chrome was normally refined into bars of ferrochrome, while copper was refined to very high levels of purity during that time. The refineries later closed. In the meantime, Finance Minister Patrick Chinamasa proposed that companies be levied 15 percent on exports of raw platinum with effect from January 1 this year.

Oil ‘manifesto’ urges Parti Québécois to develop province’s resources – by Nicolas Van Praet (National Post – January 9, 2014)

January 9, 2014

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

MONTREAL — A group of prominent Quebecers is urging the Parti Québécois government to move ahead with oil development as concern builds over the province’s financial predicament.

Former PQ premier Bernard Landry and former Liberal finance minister Monique Jérome-Forget are among 11 noteworthy people who on Wednesday released a so-called “Manifesto to benefit collectively from our oil.” Several businesspeople are also among the signatories.

The effort was organized by the largest network of business people and companies in Quebec, the Fédération des Chambres de Commerce. It underscores a debate on energy in Quebec that has only just begun – one pitting people who believe the province should seek to produce its own oil against those who argue the risks are too high and that the world is moving toward cleaner energy.

It comes at a critical time as economists at the Royal Bank of Canada warn that Quebec’s economy may be entering a “new normal” period of slow growth, challenged by deteriorating working-age population numbers and the highest debt-to-GDP ratio of all the provinces.

New Brunswick train derailment fire renews questions of oil-by-rail’s dangers – by Kim MacKrael and Jane Taber (Globe and Mail – January 9, 2014)

January 9, 2014

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.

OTTAWA AND HALIFAX — A fiery derailment in New Brunswick Tuesday night was the third time a crude-laden train has caught fire in recent weeks.

Three of the tank cars that derailed in New Brunswick on Tuesday night were loaded at a terminal in southwestern Manitoba, Canadian National Railway Co. said. The location raises the question of whether some of the oil originated in the Bakken region.

On Thursday, CN spokesperson Jim Feeny said a sudden wheel or axle failure likely caused the train to derail. “The focus of the investigation will be what caused the sudden failure of the wheel or wheel and axle combination and when did it occur,” he said.

The safety of moving oil by rail has been under scrutiny since last July, when a train carrying Bakken crude derailed and exploded in Lac-Mégantic, Que., killing 47 people. U.S. officials have since warned that oil from the Bakken formation, which straddles North Dakota and parts of Saskatchewan and Manitoba, may be more volatile than traditional oil.

Vale uncertainty set to end in 2014 – Thompson Citizen Editorial (January 8, 2014)

January 9, 2014

The Thompson Citizen, which was established in June 1960, covers the City of Thompson and Nickel Belt Region of Northern Manitoba. The city has a population of about 13,500 residents while the regional population is more than 40,000.

More than three years of uncertainty about the near-term future of Vale’s Manitoba Operations are about to end and that in and of itself is very good news for Thompson residents.

Whether it will be good news or bad news in an objective economic sense remains to be seen, but it will be substantive news, and given the uncertainty that followed the announcement on Nov. 17, 2010 that the smelter and refinery would close in 2015 – followed by even more uncertainty, as the Sword of Damocles hung over Birchtree Mine for 6½ months from Oct. 18, 2012 until last May 6, while the company considered returning it to care and maintenance – and you can perhaps better appreciate why any real and conclusive news out of Vale in relation to Thompson would be welcome at this point.

If you wonder what the effects of more than three years of uncertainty surrounding Thompson’s largest and most important employer have been, try putting your house up for sale right now or look around and see how many new investors have arrived in town since 2010. While houses have sold and investors have come, Thompson has been in something of a state of suspended animation – a city on hold – since that fateful November Wednesday more than three years ago now.

B.C. Liberals stain their ‘mining-friendly’ reputation – by Vaughn Palmer (Vancouver Sun – January 7, 2014)

January 9, 2014

http://www.vancouversun.com/index.html

VICTORIA — The B.C. Liberals have decided not to challenge a court judgment that found two cabinet ministers and a senior official guilty of procedural unfairness in rejecting a proposed $2.5-billion mining project at Morrison Lake northeast of Smithers.

“We’re not going to appeal,” Mines Minister Bill Bennett said in an interview Tuesday, pretty much conceding that the court’s criticism of the government conduct was correct.

The decision means that Pacific Booker Minerals, would-be developer of the open-pit copper, gold and molybdenum mine, will finally have a chance to defend its proposal against last-minute objections that led to it being denied an environmental approval certificate back in September 2012.

Those included impact on sockeye salmon in Morrison Lake, part of the Skeena River headwaters, and opposition from local First Nations. The public company, whose shares trade on the TSX Venture exchange, will also be making its pitch to a different ministerial lineup than the one that turned it down 18 months ago.