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Europe’s Biggest Planned Gold Mine May Face Romanian Referendum – by Irina Savu (Bloomberg News – September 2, 2013)

http://www.bloomberg.com/

Romania’s President proposed a vote on allowing development of Europe’s largest gold mine project following protests against technology that made the country home to one of the continent’s worst environmental disasters.

A day after thousands of demonstrators rallied against the use of cyanide in gold mining, President Traian Basescu said he may call a referendum next year on the Rosia Montana mine. That may delay the project, for which Canada-based Gabriel Resources Ltd. (GBU) said it could “hopefully” receive approval by November.

The rallies followed the government’s unveiling last week of a draft law to raise the state’s stake in the project, rekindling anger over the 2000 Baia Mare spill. Listed by the United Nations Environment Programme alongside Chernobyl as one of Europe’s major human-caused disasters, the spill happened when a dam holding back mine debris burst, flooding the Somes, Tiza and Danube rivers with tens of thousands of tons of cubic meters of cyanide-contaminated water.

“The biggest scare about the Rosia Montana mine is the cyanide process, which should have been discussed with experts,” Basescu said on newspaper Adevarul’s website. He said “society is rightfully reacting to this” because Romania had suffered from the Baia Mare spill.

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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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Premier meets with mining probe proponents – by Heidi Ulrichsen (Sudbury Northern Life – September 01, 2013)

http://www.northernlife.ca/

Wynne ‘very compassionate’ to accident victim’s family

The premier took some time during her visit to Sudbury last week to meet with those pushing for a mining safety probe in Ontario.

Kathleen Wynne met Aug. 30 with Steelworkers Local 6500 president Rick Bertrand, as well as Wendy and Briana Fram, the mother and sister, respectively, of Jordan Fram, who died in 2011 along with Jason Chenier at Vale’s Stobie Mine.

The Fram family are part of the Mining Inquiry Needs Everyone’s Support (MINES) committee, which is pushing for a full inquiry into mining safety in the province. Steelworkers Local 6500, the union representing Vale workers, made the original recommendation for the mining inquiry in its 2012 report into Fram and Chenier’s deaths.

“It was wonderful to meet with her, share our story and tell her why we feel we need an inquiry into Ontario mines,” Briana said. “She was very compassionate and listened to our story.” The meeting with Wynne comes after a previous failed attempt to do just that by those who want a mining inquiry. The Steelworkers requested a meeting with the premier in May, but didn’t receive a response until late July, at which time Wynne turned down their request, referring the matter to Labour Minister Yasir Naqvi.

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Tearful Cutifani in appeal to end ‘tide of destruction’ in mining – by Allan Seccombe (South Africa Business Day – August 30, 2013)

http://www.bdlive.co.za/

A DEEPLY emotional Mark Cutifani, the CEO of Anglo American and president of the Chamber of Mines, has urged the government not to add to the risks besetting the mining sector by creating regulatory uncertainty.

“Our most important industry is in crisis and we have not yet found the answer to stemming the tide of destruction,” he said.

Mr Cutifani broke down in tears at the start of a speech at a dinner on Thursday marking the end of the three-day Mining Lekgotla in Sandton, where stakeholders gathered to discuss the sector’s competitiveness and transformation.

He said “cowards, thugs and murderers” and “loud-mouthed opportunists” should not be allowed to intimidate and bully others and to define the dialogue South Africa was having.

Mr Cutifani, the former CEO of AngloGold Ashanti, praised the achievements of South Africa, which had undergone one of the world’s largest social reconstructions since the demise of apartheid in 1994. However, despite the JSE outperforming the New York bourse since 2007, posting a 60% growth, the mining index was flat and had destroyed 30% of absolute value in the same time, he said.

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Copper Rally Reversing as Glut Expands to ’01 High: Commodities – by Agnieszka Troszkiewicz & Maria Kolesnikova (Bloomberg News – September 3, 2013)

http://www.bloomberg.com/

The biggest rally in copper in three months is reversing as analysts predict that the largest glut in 13 years will overwhelm consumption from an accelerating Chinese economy, which uses two in every five tons.

Production will exceed demand by 408,000 metric tons next year, the most since 2001, compared with 167,000 tons in 2013, the average of 15 analyst estimates compiled by Bloomberg shows. Futures rose 3.2 percent in August, the most in three months, on signs of an expansion in Chinese manufacturing. Prices will drop 6.1 percent to $6,800 a ton by the end of December, the median of 13 analyst and trader predictions shows.

Copper is falling with all other metals this year after a decade when prices rose fivefold. Producers from Rio Tinto Group to BHP Billiton Ltd. added 3.4 million tons to output since 2003, about what Europe uses in a year, and Morgan Stanley expects another 4.1 million tons by 2017. While prices are 29 percent below the record set in 2011, they are still about 50 percent higher than what the costliest mines need to break even, Macquarie Group Ltd. estimates.

“We’re having this big wave of copper supply growth,” said David Wilson, an analyst at Citigroup Inc. in London who has followed metals for almost two decades.

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Opinion: Taseko seeks path forward for New Prosperity – by Russ Hallbauer (Vancouver Sun – September 2, 2013)

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

Misinformation tainted hearings, sowed mistrust

Russ Hallbauer is president and CEO of Taseko Mines Ltd.

The final weeks of the First Nations community hearing sessions of the federal environmental assessment for New Prosperity Gold-Copper Mine witnessed emotional testimony from many Tsilhqot’in and Shuswap First Nations peoples.

The New Prosperity project is located in British Columbia’s Cariboo-Chilcotin region. It proposes to save the culturally sensitive Fish Lake, and it will have a significant positive socio-economic impact on the region, British Columbia and Canada.

The Tsilhqot’in people have a long history and traditional connection to the land throughout their traditional territory, including in the proposed mining area around Fish Lake.

These communities, many with strong family ties, are working to heal some pressing social issues by strengthening awareness of their heritage and traditional practices among their youth as well as more broadly in the general population.

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Mining: Who gets the royalties; who makes the decisions? – CBC News – The Sunday Edition (September 1, 2013)

http://www.cbc.ca/thesundayedition/

Click here for a 40 minute interview: http://www.cbc.ca/thesundayedition/popupaudio.html?clipIds=2403660426

It may sound like sacrilege in this land of hewers of wood and drawers of water, but some argue that building an economy around what comes out of the ground is not the best path to prosperity. Mining and energy are expected to pump billions into northern Canada in the next few years – but at what cost? Who will share in the wealth, and who will make the decisions?

Guest-host Karin Wells talks to Eva Aariak, Premier of Nunavut, about her desire for more control over the exploitation of her territory’s mineral resources.

Karin Wells also speaks with Catherine Coumans of MiningWatch Canada who says Nunavut would be better off with a focus on diversifying its economy, rather than relying on mineral exploration and development.

Corporate Social Responsibility and the NGO’s:

Two years after Ottawa began supporting Canadian mining companies abroad by funding partnerships with Canadian non-governmental organizations, the battle rages on.

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Hope muted but persistent for Labrador Trough iron rush – by Keith Norbury (Canadian Sailings-Transportation & Trade Logistics – August 27, 2013)

http://www.canadiansailings.ca/

Signs abound that enthusiasm for new iron ore mines in the Labrador Trough have tapered off since February 2011 when the spot price was nearly $190 a tonne. Since then, prices have been on a roller coaster, which experienced more downs than ups. They dipped as low as $87 last September, soared back up over $150 in February, and then tumbled back down to below $115 in June.

Coinciding with that volatility, Canadian National Railway suspended a feasibility study on a new $5 billion rail line to serve potential new mines in the Labrador Trough. Mining giant Rio Tinto has put up for sale its 58.7 per cent interest in Iron Ore Company of Canada, one of the Trough’s and Canada’s largest iron ore producers.

Champion Iron Mines Ltd., one of the promising junior players in the Trough, abruptly pulled out of its participation in a new multi-user $220 million multi-user iron-ore port at Pointe-Noire in Sept-Îles, Que. And Cliffs Resources shut down indefinitely its pelletizing plant at Pointe-Noire.

Despite those setbacks, the consensus among financial analysts and economists who follow the trials and tribulations of the iron ore industry, as well as of industry insiders, is that long-term prospects for ramping up iron ore production in the Trough remain solid.

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Ring of Fire: Chromite Crumbs or Stainless Steel for Ontario? [Part Two of Two] – by Stan Sudol (Sudbury Star – August 31, 2013)

Outokumpu Stainless Steel Plant Tornio, Finland. Outokumpu Group is the largest stainless steel producer in the world.

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

This was originally published in the Sudbury Star on August 31, 2013 under the title “From ore to steel“.

Canada is the only G-8 country in the world that does not have a “major” stainless steel sector. There is one speciality steel producer, ASW Steel Inc. in Welland, Ontario, that dedicates 30 per cent of its production capacity to stainless steel. Employing  about 95 people, the company manufactures roughly 30,000 tons of stainless steel ingots and billets. By comparison, Outokumpu, the biggest international producer, produces almost 3.6 million tonnes of stainless steels worldwide, slightly over ten per cent of the 35.4 million tonnes of global production last year, according to International Stainless Steel Forum preliminary figures.

We do have world-class carbon steel plants mainly concentrated in Ontario at Hamilton, Nanticoke and Sault Ste. Marie.

Stainless steels are more valuable than carbon steels due to their corrosion and rust resistance due to the addition of chromite. Nickel is added to some varieties of stainless steels to increase the hardness and strength, further corrosion resistance as well as enabling the material to withstand extreme cold and hot temperatures without becoming brittle or deforming.

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Sudburians didn’t really get chance to meet premier – by Carol Mulligan (Sudbury Star – August 30, 2013)

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

Premier Kathleen Wynne visited Sudbury for two days to get to know people — Liberals and non-Liberals , she says — and for them to get to know her. But there were few opportunities for Sudburians to speak to the premier about what’s on their minds or for Wynne to tell them how a Liberal government led by her would improve their lives in any real way.

Wynne visited a diamond manufacturing plant Thursday afternoon, with every move photographed and videographed by the media, and later attended a “celebration party” with Liberal riding association members. No doubt, Grits were required to pony up for the party at the meet-and-greet.

Wynne conducted one on one interviews with reporters — as well as a short call-in on CBC Radio and an online chat with a Sudbury newspaper — but most of her appearances were by-invitation-only.

The premier spoke briefly with a Liberal supporter when she arrived for an interview with The Sudbury Star on Friday morning at Old Rock Coffee Roasting Company on Minto Street. Earlier, a security guard scoped out the small coffee house, consulting with owner Carole Roy about where the back entrance was should the premier have to leave in a hurry.

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Vale, Steelworkers to investigate Clarabelle fire – by Heidi Ulrichsen (Sudbury Northern Life – August 30, 2013)

http://www.northernlife.ca/

A joint investigation into an Aug. 28 fire at Vale’s Clarabelle Mill will be conducted by the company and the union representing mill workers, Steelworkers Local 6500.

“Typically, when we have an instance such as a fire, we do launch an investigation to determine the cause … so we can learn what we can from it and prevent something like that from happening again,” Vale spokesperson Angie Robson said.

“As per our protocol, we’ve launched an investigation jointly with the union to look into this.” Robson said she can’t speculate as to how long the investigation will take. She said the investigation team will write a report about the incident that will be circulated internally.

The fire was reported in one of the mill’s crushing lines at around 9:15 a.m., and the all-clear was given at around 10:50 a.m., at which time employees were allowed to return to the building.

Robson said she doesn’t yet know the cause of the fire, although Greater Sudbury Fire Services Public Safety Officer Leo Frappier said it was a conveyor belt that caught fire, causing thick, black smoke to stream from the buiding.

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Diamonds are a premier’s best friend – by Heidi Ulrichsen (Sudbury Northern Life – August 29, 2013)

 

http://www.northernlife.ca/

A deal benefitting a business which polishes diamonds mined at the DeBeers Victor Diamond Mine on the James Bay coast is an example of how the province works to create jobs in Northern Ontario, Premier Kathleen Wynne said.

She made the remarks during an Aug. 29 tour of Crossworks Manufacturing’s Sudbury office, which opened in 2009, and employs 35 people. Eighteen of these employees are from the Sudbury area, while the rest are originally from Vietnam.

Wynne, who is also visiting Kenora and Thunder Bay in the coming days as part of a tour of Northern Ontario, credits these jobs to a deal the province struck with De Beers to process 10 per cent of its Victor diamonds in Ontario.

“One of the things I’m determined to do as premier is to work to close the skills gap, to make sure that we provide opportunities for people in Ontario develop the skills for the businesses that are looking for those skills,” she said.

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Questions raised on Harper government’s approach to northern development – by Lee Berthiaume, Postmedia News/Vancouver Sun – August 30, 2013)

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

OTTAWA — Canada’s northern leaders say their territories are ready to become economic contributors for Canada.

The question is whether the federal government’s approach to northern development will help them reach the promised land.

The premiers of Nunavut, Northwest Territories and Yukon each had a chance to bend Stephen Harper’s ear during the prime minister’s annual northern tour last week. In separate interviews with Postmedia News, the premiers indicated they outlined different priorities requiring federal support.

For Nunavut’s Eva Aariak, that meant pushing for more assistance on social issues like mental health, investments in much-needed infrastructure such as roads and ports, and devolution.

Devolution is the process by which the federal government grants a province or territory greater control over its own affairs, in this case Nunavut’s land and abundance of natural resources.

“There is so much happening in Nunavut in terms of development and the shipping activities that are happening more and more,” Aariak said. “The people of Nunavut need to take charge with their own land.”

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Russia escalates dispute with Belarus after [potash company] CEO’s arrest – by Timothy Heritage (Reuters U.S. – August 30, 2013)

http://www.reuters.com/

MOSCOW – (Reuters) – Russia banned pork imports from Belarus on Friday, stepping up a diplomatic and trade war over the arrest of a Russian businessman and threatening to deepen the isolation of its former Soviet ally.

Russia is one of Belarus’ few diplomatic backers after 19 years of authoritarian rule by President Alexander Lukashenko but has responded furiously to the arrest this week of Vladislav Baumgertner, head of Russian potash company Uralkali.

Baumgertner was seized on Monday at the airport outside the Belarussian capital Minsk after being invited to talks with the prime minister, and then humiliated by television footage showing him being searched in his prison cell.

Since then, Russian officials have announced a 25 percent drop in oil supplies to Belarus in September, threatened to extend the cuts for several months and hinted at possible restrictions on imports of Belarussian dairy products.

Russia’s veterinary regulator said the restrictions on hog and pork product imports had been imposed over concerns about African swine fever in Belarus and would not be lifted until the virus was wiped out or brought under control.

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China leads in resources buy-ups – by Paul Garvey (The Australian – August 31, 2013)

http://www.theaustralian.com.au/business

An analysis by The Weekend Australian found that Chinese interests bought $5.4 billion worth of Australian-owned mining and energy assets during the 2013 financial year, eclipsing Japan and Canada as the most active foreign investor in the sector.

While overall foreign acquisitions in Australia’s mining and oil and gas industries halved during the year, reflecting steep falls in both commodity prices and resource stocks, China’s investments in the mining sector held steady from 2012 levels.

The ongoing corporate activity challenges the notion that Chinese companies feel unwelcome when investing in Australia, following controversies over mining deals in recent years such as the blocked Chinese acquisition of OZ Minerals’ Prominent Hill mine and Chinalco’s failed deal to buy into Rio Tinto’s West Australian iron ore operations.

Comments during the week by Kevin Rudd, in which he said he was anxious about an “open-slather approach” to foreign investment, have reignited concerns about perceptions of hostility from Australia towards Chinese investment.

While the Prime Minister’s comments did not refer to China, they have been criticised by industry groups as “borderline xenophobic” and as likely to send a negative message to Chinese investors.

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