[Roger Agnelli] Brazil pressures Vale to invest inward – by Peter Koven (National Post-March 29, 2011)

The National Post is Canada’s second largest national paper. This article was originally published in the Financial Post on March 29, 2011. pkoven@nationalpost.com

TORONTO — In Brazil, politics appear to be trumping profits. President Dilma Rousseff’s government is working hard to force the chief executive of mining giant Vale SA out of his job. Despite Vale’s tremendous success in recent years, the government wants the company to change its investment focus in order to boost Brazil’s economy.

As CEO, Roger Agnelli played a key role in transforming Vale into a global powerhouse from its humble roots as a state-owned company, making it a huge winner for investors in the process. The company earned a net profit of US$17.3-billion last year, and sports a market value of almost US$170-billion.

A change at the top could have huge implications in the global mining industry. If Vale is forced to look inward in Brazil, it leaves a question mark over its international assets, including all the Canadian ones it acquired when it bought Inco Ltd. for about $19-billion.

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[Roger Agnelli] Brazil and Vale, At a Crossroads – by Stuart Burns (Metal Miner-March 29, 2011)

MetalMiner blog provides unique insight, analysis, and tools for buyers, purchasing professionals, and everyone else for whom metals and their related markets matter.

Stuart Burns

We have written on several aspects of business and the metals markets in Brazil recently; the latest just last week about Gerdau Steel raising billions in a share sale with the probable intent of bidding for one or more of its major domestic competitors. Generally that is taken as a positive sign; although to invest in new facilities for organic growth rather than acquisition would be better, at least buying competitors is a vote of confidence in the economy’s future.

So what should we make of the spat developing between the government of new president Dilma Rousseff and Vale, reported in an FT blog article? Apparently, Vale’s high-profile chief executive Roger Agnelli’s contract is coming up for renewal in May and the government is making every effort to prevent his re-appointment. Although Vale was privatized in 1997, the firm is Brazil’s largest exporter and along with Petrobras, the national oil company, a major source of foreign exchange and tax revenue. Vale tripled profits last year to $17 billion on the back of some $47 billion in revenues according to an FT article this week.

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Sustainability In Nickel Projects: 50 Years of Experience at Vale Inco – by S.W. Marcuson, J. Hooper, R.C. Osborne, K. Chow and J. Burchell (December 1, 2009)

The principal author, Dr. Sam Marcuson ( Sam.Marcuson@valeinco.com ) is vice-president, business improvement for Vale Inco Limited, Mississauga, ON, Canada. This article was adapted from a plenary speech made at the CIM Conference of Metallurgists held August 2009 in Sudbury, Ontario. The full paper is available from the author or the conference proceedings.

Looking at the industry’s past and present with a view to projecting into the future can be a valuable exercise for executing and maintaining sustainable development

The first eight years of this century saw rapid growth in the consumption and production of nickel and related commodities. In response to growth in the BRIC countries, but especially China, new projects, many in under-developed countries, were initiated. Nickel pig iron, produced in aging Chinese blast furnaces, unexpectedly emerged. Simultaneously, scientists concluded that global warming is “unequivocal” and human activity is the main driver, “very likely” (>90%) causing most of the rise in temperatures since 1950[1]. These factors point to a future in which sustainable development becomes of paramount interest to the mining and metallurgy industry.

To the practicing metallurgist and operator, “sustainability” may appear as keeping employees safe, meeting prevailing environmental regulations and contributing to social programs contractually agreed to, while maintaining a low-cost operation that meets production and financial targets. But this is a highly simplified view that ignores many of the sustainability concepts.

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The tortured future of Elliot Lake – by Lloyd Tataryn (Saturday Night, June, 1976)

This article was orginally published in Saturday Night (a Canadian general interest magazine that ceased publication in 2005) in the June, 1976 issue.

“The conditions in Elliot Lake are not the best conditions to work in to survive a normal life span. If anybody does not like to go to the hospital with lung cancer, he should have a very close look at the Elliot Lake situation before he signs on as an employee of either one of the companies. We believe that the companies should not have the right to expose people to conditions that will cause bodily harm. There has to be a clean-up programme before we can definitely advise people to seek employment in Elliot Lake.” (Paul Falkowski, United Steel Workers of America, Environmental Representative – June 1976)

The uranium miners there are dying of cancer at three times the normal rate. But what can a single-industry town do about it? Close down? Or live with death?

His voice broke in mid sentence. His eyes were red-rimmed and he fought back tears.

“I could be healthy, still workin. Now I have dust plus cancer. And the family is all upside down.  Dad’s gonna die maybe today, maybe tomorrow, we don’t know.” His voice broke once again. “And that’s the way it looks like. It’s bad. It’s very bad for a family. Family’s more hurt than me. Cryin’, you know. Disaster.”

It was the type of interview that makes a documentary a success. It was also the type of interview that makes a journalist fell parasitic. One is pleased with having captured an extremely moving moment on tape. But one also feels exploitative for having the presumption to ask a dying man to spill his emotions into your microphone.

Here was a forty-four-year-old man who had spent fifteen years digging and blasting a living in the Elliot Lake uranium miners in northern Ontario. The work was back breaking, the kind of work that makes a man tough and hard. Miners a proud of the strong, vigorous image they project. They don’t cry in public. They don’t cry, that is, unless they are overwhelmed by events and their defences have been destroyed.

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Still carrying a torch for the Ring of Fire – Lisa Wright (Toronto Star)

Lisa Wright is a business reporter with the Toronto Star, which has the largest circulation in Canada. The paper has an enormous impact on Canada’s federal and provincial politics as well as shaping public opinion. This article was originally published March 26, 2011.

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

Lisa Wright – Business Reporter (Toronto Star)

It has been described as the most significant base metals play in Canada since the lucrative Voisey’s Bay discovery in Labrador nearly 20 years ago.

The giant Ring of Fire deposit of chromite, nickel and copper — located in a remote corner of the James Bay lowlands — was first unveiled with fanfare in 2007. And it was highly touted in the Ontario throne speech last year as a cornerstone of the province’s future prosperity.

“It is the most promising mining opportunity in Canada in a century,” Lieutenant Governor David Onley said a year ago this month.

Superlatives aside, all the players involved have been going full tilt since then trying to get the Ring developed in an area twice the size of Prince Edward Island amid First Nations blockades and an extremely challenging environment that will require a major infrastructure build.

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[Ring of Fire] Koper Lake blockade resumes; Marten Falls feels left out – by Rick Garrick (Wawatay News – March 17, 2011)

Wawatay News is Northern Ontario’s First Nation Voice with offices in Sioux Lookout, Timmins and Thunder Bay. This article was posted on their website on March 17, 2011. James Thom is the Editor – jamest@wawatay.on.ca

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

Citing rapidly moving development and inadequate involvement for Marten Falls, the community launched its second blockade of the Ring of Fire.

After taking part in a traditional ceremony March 3 at the community’s blockade site on Koper Lake in the James Bay lowlands, Marten Falls Chief Eli Moonias spoke with local and national media about his community’s concerns in the Ring of Fire mineral exploration area. Koper Lake is located about 128 kilometres north of Marten Falls in its traditional territory.

“We feel that the issues here and the development is getting away from us, too far ahead, without our adequate and meaningful involvement,” Moonias said.

The Ring of Fire contains chromite, a rare mineral used to make stainless steel. It falls in the traditional territory of Marten Falls and Webequie.

“We never got to the first stage yet where we have meaningful exploration agreements,” Moonias said during the blockade, adding his community plans to hire a negotiator to work on their concerns. “What we’re saying here is slow down a little bit.”

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Quebec Crees offer advice [About Ring of Fire] – by James Thom (Wawatay News – March 17, 2011)

Wawatay News is Northern Ontario’s First Nation Voice with offices in Sioux Lookout, Timmins and Thunder Bay. This article was posted on their website on March 17, 2011. James Thom is the Editor – jamest@wawatay.on.ca

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

About 35 years ago, the James Bay Cree communities in Quebec faced similar obstacles and challenges to those facing the Matawa Ring of Fire communities today.

Anthony MacLeod, director of a Cree owned catering and janitorial services company, shared the story of how nine Cree communties banded together to find benefit when Hydro Quebec began damming rivers in their traditional lands to make hydro.

“What they are experiencing now – interest in their land, development likely coming soon – we were experiencing that 30 to 35 years ago,” MacLeod said, speaking at the Matawa First Nations Community Governance & Economic Development Conference March 1-2.

“We have been working with the Matawa communities for two years, showing them models we have as a nation, to show what we went through. It wasn’t all happy and successful. But we recognized we were much stronger as a united group than as individual nations.”

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Ring of Fire development could move quickly: Kaszycki – by Chris Kornaki (Special to Wawatay News – March 3, 2011)

Wawatay News is Northern Ontario’s First Nation Voice with offices in Sioux Lookout, Timmins and Thunder Bay. This article was posted on their website on March 3, 2011. James Thom is the Editor – jamest@wawatay.on.ca

For an extensive list of articles on this mineral discovery, please go to: Ontario’s Ring of Fire Mineral Discovery

Christine Kaszycki is determined to work with First Nations to make sure no one is left out in the cold around the Ring of Fire. Kaszycki, assistant deputy minister for the Ring of Fire Secretariat with the Ministry of Northern Development, Mines and Forestry (MNDMF), promised to balance the needs of industry and First Nations if a mine is in production by 2015.

Her job includes “working with the First Nation communities to ensure they have got the capacity they need to meaningfully participate and to ensure they have the right kinds of supports in place to actually engage as this project moves forward,” Kaszycki said.

She said MNDMF is listening to the communities about what they want and need from development to put the right kinds of programs and frameworks in place to allow it to happen. The province recognized the Ring of Fire – located in the traditional lands of Webequie and Marten Falls – as one of the most significant recent discoveries of minerals in the world.

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2011 PDAC Special Achievement Award – Laurence Golborne, Mining Minister of Chile

http://www.pendaproductions.com/ This video was produced by PENDA Productions, a full service production company specializing in Corporate Communications with a focus on Corporate Responsibility. An award for special achievement is being given this year to Laurence Golborne, Mining Minister of Chile, for his management of the rescue operation that saved 33 miners who had been trapped underground …

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2011 PDAC Thayer Lindsley Award for International Mineral Discovery – Graham Brown, Vicente Irarrazaval, Juan Carlos Toro, Graeme Lyall, William Robles (Anglo American)

For a video presentation about the Los Sulfatos discovery, please go here: http://www.pdac.ca/pdac/programs/awards/award-winners-video-thayer.html This award, honouring the memory of one of Canada’s greatest mine finders, recognizes an individual or a team of explorationists credited with a recent significant mineral discovery anywhere in the world.  An exploration team of Anglo American has been chosen to receive …

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2011 PDAC Viola R. MacMillan Award for Company or Mine Development – Agnico-Eagle Mines Limited

http://www.pendaproductions.com/ This video was produced by PENDA Productions, a full service production company specializing in Corporate Communications with a focus on Corporate Responsibility. This award is named in honour of the PDAC’s longest serving president and is given to a person or company demonstrating leadership in management and financing for the exploration and development of mineral …

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2011 PDAC Skookum Jim Award for Aboriginal Achievement in the Mineral Industry – Phillip (Jerry) Asp

(L to R) Phillip (Jerry) Asp, PDAC Skookum Jim Award Winner; Glenn Nolan, PDAC First Vice-President.

http://www.pendaproductions.com/ This video was produced by PENDA Productions, a full service production company specializing in Corporate Communications with a focus on Corporate Responsibility.

Recipients of this award will have demonstrated exceptional achievement and/or service in an aboriginal-run service business for the Canadian mining industry or a Canadian aboriginal exploration or mining company, or have made a significant individual contribution to the mining industry.

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2011 PDAC Distinguished Service Award – Patricia Dillon

PDAC Convention 2011 – Distinguished Service Award – Ms. Pat Dillon from PDAC on Vimeo. http://www.pendaproductions.com/ This video was produced by PENDA Productions, a full service production company specializing in Corporate Communications with a focus on Corporate Responsibility. This award recognizes an individual who has achieved one or more of the following: made a substantial contribution …

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2011 PDAC Environmental & Social Responsibility Award – IAMGOLD Corporation

PDAC 2011 Environment & Social Responsibility Award – IAMGOLD from PDAC on Vimeo. http://www.pendaproductions.com/ This video was produced by PENDA Productions, a full service production company specializing in Corporate Communications with a focus on Corporate Responsibility. This award honours an individual or organization demonstrating outstanding initiative, leadership and accomplishment in protecting and preserving the natural environment …

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2011 PDAC (Prospector of the Year) Bill Dennis Award Winner for gold discoveries in the Yukon – Shawn Ryan

http://www.pendaproductions.com/ This video was produced by PENDA Productions, a full service production company specializing in Corporate Communications with a focus on Corporate Responsibility. This award, named for a former president of the association, honours individuals who have accomplished one or both of the following: made a significant mineral discovery; made an important contribution to the prospecting …

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