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Global.
The growing trend of working abroad has reached the mining industry, and as a result, many Canadian mining companies have set up exploration sites worldwide. In this section of Mining and Energy, we will monitor hot commodities, profile co...
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David Rhys, structural geologist, makes his way in the mining industry on his own terms
Structural geologist David Rhys shares his career journey from UBC's Mineral Deposit Research Unit to founding consulting firm Panterra Geoservices. He discusses the evolution of the mining industry over two decades, highlighting advances in geological understanding and technology while addressing challenges like anti-mining sentiment and the need for deeper exploration as surface deposits become scarce.
PT Freeport Indonesia invests in largest operator training simulator deal of 2015
PT Freeport Indonesia has made the largest operator training simulator investment of 2015, expanding their training program with underground equipment simulators from Immersive Technologies. The investment covers light vehicles, underground LHDs, trucks, jumbo drills, locomotives and Cat Command systems to improve operator safety and skills as their underground operations at the world-class Grasberg copper-gold deposit expand.
Concrete, steel, or fabric mining facilities? A comparison
An industry analysis compares three building materials for mining facilities: concrete, steel, and fabric structures. The article evaluates durability, cost, energy efficiency, and portability factors to help mining companies select appropriate construction materials for their operations.
Goldcorp CEO Charles Jeannes to retire; board names successor
Goldcorp announced that CEO Chuck Jeannes will retire following the April 2016 annual general meeting after seven years of leadership. David Garofalo, current CEO of HudBay Minerals, will succeed him as President and CEO and join the board of directors.
M&E story results in BBN live interview for Cranbrook-based company
Caliper Machine and Hydraulics Ltd., a Cranbrook-based company, secured a live interview on BNN Commodities after being featured in Mining & Energy magazine. The company specializes in innovative products for mining companies that reduce costs and increase efficiency during the resource sector downturn.
Napier Ventures announces proposed acquisition of Emerald Isle property
Napier Ventures has entered into an agreement to acquire 100% interest in 78 mining claims in Arizona and Colorado from Emerald Copper Corp for a 2% NSR royalty and $200,000 promissory note. The primary focus is the Emerald Isle copper property in Arizona, which has a historical resource estimate of 2.22 million tons at 0.62% copper, though there are ongoing claim disputes with another company.
Software keeps tabs on expensive tools
Suncor Energy implemented an automated tool tracking system using ToolHound software and a motorized carousel at its Fort McMurray oilsands operations, eliminating the need for four rotating tool crib attendants. The system allows workers to access tools by entering their employee ID, with the carousel automatically delivering requested items, saving thousands of dollars annually in labor costs.
Legacy Potash project 50% complete, 150 more people to be hired.
K+S Potash Canada's $4.1 billion Legacy Project in southern Saskatchewan has reached 50% completion with startup scheduled for summer 2016. The company plans to hire 150 additional employees and expects to reach 2.0 million tonnes of production capacity by end of 2017.
Britespan wins manufacturing excellence award from Huron Manufacturing Association
Britespan Building Systems Inc. won the 2015 Huron Manufacturing Association Exporting Award, recognizing the company's success in international markets and export growth. The Clinton, Ontario-based manufacturer was also a finalist for Innovation and Corporate Citizenship awards, demonstrating continued expansion and job creation in rural Ontario.
CP proposes business combination to Norfolk Southern
Canadian Pacific has proposed a merger with Norfolk Southern Corp. in a 50% cash, 50% stock transaction valued at $126.18 per share, representing a 59.4% premium. The combination would create a transcontinental railroad with $1.8 billion in annual operating synergies and reduce Chicago rail congestion.
Vancouver-based Lucara makes diamond history; recovers 1,111 carat diamond
Vancouver-based Lucara Diamond Corp. recovered a 1,111 carat gem quality diamond from its Karowe Mine in Botswana, making it the world's second largest gem quality diamond ever found and the largest recovered through modern processing. The historic discovery was made possible by newly installed Large Diamond Recovery XRT machines and represents exceptional value from the mine's south lobe.
Imperial Metals buoyed by Red Chris Mine production
Imperial Metals reported significantly increased revenues of $55.9 million in Q3 2015, driven primarily by the successful commissioning and commercial production start at the Red Chris mine in July 2015. Red Chris produced 20.7 million pounds of copper and 9,281 ounces of gold in the quarter, representing substantial increases from the previous quarter and helping offset challenges at other operations.
Aappalutoq Ruby Mine reaches 75% completion and joint venture partner earns further 10% ownership
True North Gems announced that construction at its Aappalutoq Ruby and Pink Sapphire project in Greenland has reached 75% completion. As a result of this milestone, joint venture partner LNS Group has earned an additional 10% ownership, bringing their total stake to 17%.
Closures and reduced footprint for Finning in Western Canada
Finning International, the Caterpillar dealer for western Canada, announced the closure of 11 additional facilities following 16 previous closures, reducing its western Canadian footprint by over 20% by mid-2016. The company also cut 1,100 jobs (20% reduction) and reported Q3 2015 revenues down 16% due to significantly lower equipment demand from all sectors, particularly Alberta construction.
Coal Association of Canada president resigns, successor appointed
The Coal Association of Canada announced Robin Campbell as its new President, effective November 16, 2015, replacing Ann Marie Hann who resigned to pursue other opportunities. Campbell brings experience as Alberta MLA for West Yellowhead and former government minister in portfolios relevant to the coal industry.
TMAC Resources: Hope Bay Gold Mine project moving successfully along the “path to production”
TMAC Resources reports the Hope Bay Gold Mine project remains on track and budget for production by end of 2016, having secured over $350 million in financing. The company achieved significant progress with 88% completion of processing plant engineering and successful test mining at the Doris underground operation that improved grades from 13 to 31 grams per tonne.
Boart Longyear launches MDR700, the next generation underground coring rig with advanced mobility
Boart Longyear launched the MDR700, a next-generation underground coring rig featuring advanced mobility with a Manitou four-wheel drive carrier. The rig demonstrates 80% faster movement between holes compared to regular underground exploration rigs and offers 270-degree drilling angles with enhanced safety controls.
Keystone XL permit denial compromises environment, economy, jobs and public safety
TransCanada Corporation's CEO Russ Girling condemned President Obama's denial of the Keystone XL pipeline permit, calling it a decision based on symbolism over science. The company argued the US$8 billion project would have created 42,000 jobs and provided safer oil transportation than rail alternatives. TransCanada is reviewing the decision and its rationale while maintaining the project is in both countries' best interests.
Illumiti and Vandrico launch MineSafe Smartwatch running on the SAP HANA Platform
Illumiti partnered with SAP Co-Innovation Lab and Vandrico Solutions to launch the MineSafe Smartwatch, a safety technology for underground miners. The device provides real-time communication, worker tracking, hazard detection, and emergency response capabilities running on the SAP HANA platform.
US Coal producer cuts shipment through Westshore Terminals
Cloud Peak Energy amended its throughput agreement with Westshore Terminals to eliminate volume obligations for 2016-2018, replacing $454 million in take-or-pay commitments with quarterly payments. The move reflects depressed international coal prices and may reduce production at the Spring Creek Mine if export shipments don't materialize.
Cleanfix newly launched hydraulic fans are cooler than ever
Cleanfix launched upgraded hydraulic cooling fans featuring HSC-Series, HVP-Series, and HT-Series models for agricultural and commercial vehicles. The new fans offer 30% drive power savings while maintaining cooling performance and include smart-seal systems, extended control features, and reversible operation.
Canada’s role in the Trans Pacific Partnership points to a flourishing metals and minerals industry
Canadian mining industry leaders strongly support Canada's participation in the Trans Pacific Partnership (TPP) trade agreement, which represents 800 million consumers and $28.5 trillion GDP. The agreement will reduce tariffs currently ranging from 7.9-50% on Canadian metal and mineral exports, while providing investment protection and dispute resolution mechanisms for mining companies operating internationally.
Teck reports $2.2B in impairment charges and $2.1B in losses
Teck Resources reported massive $2.2 billion impairment charges due to low commodity price expectations, resulting in a $2.1 billion quarterly loss despite adjusted profit of $29 million. The company raised nearly $1 billion through streaming transactions and reduced debt by $400 million to strengthen its balance sheet amid challenging market conditions.
Teck announces appointment of Lawrence Watkins as Vice President, Health and Safety
Teck Resources Limited announced the appointment of Lawrence Watkins as Vice President, Health and Safety. Watkins has been with Teck since 2014 as Director, Health and Safety, bringing extensive mining industry experience across operations and management systems.