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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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International Gathering of Scientists Skeptical of Man-Caused Global Warming to take place
The Heartland Institute is hosting the 9th International Conference on Climate Change in Las Vegas from July 7-9, bringing together hundreds of scientists skeptical of man-made global warming theory. The conference coincides with the release of new volumes of the Climate Change Reconsidered series challenging mainstream climate science consensus.
Energy News
The Global Renewable Fuels Alliance forecasts global fuel ethanol production will reach 90.38 billion litres in 2014, representing 2.7% growth from 2013's 88 billion litres. Africa is expected to see the most dramatic growth at over 136%, while established producers like Brazil, the US, and EU are maintaining steady expansion.
Canadian government sets deadline for resource companies
Canada's Natural Resources Minister Joe Oliver announced mandatory reporting standards requiring extractive companies to publicly disclose payments over $100,000 to all government levels, with an April 1, 2015 implementation deadline. The announcement was made at PDAC and includes other mining industry support measures worth $100 million over seven years.
Executive pay & corporate governance in the mining industry
Hay Group's National Director of Executive Compensation discusses how mining industry challenges including impairments, project cancellations, and profit downgrades have impacted CEO compensation in a BNN interview. The analysis covers executive pay trends during a difficult period for the mining sector.
Industry leaders like Deloitte identifying Rail-Veyor® as Bulk Material Handling System of choice
Rail-Veyor Technologies Global Inc is gaining industry recognition for its light-rail bulk material handling system that outperforms traditional conveyors. Deloitte and Coaltech studies identify Rail-Veyor as the superior technology for challenging terrain and long-distance material transport in mining operations.
Vancouver’s Veris Gold Corp. restructuring after notice of default
Veris Gold Corp. received a notice of default from Deutsche Bank for failing to make December 2013 gold deliveries under forward purchase agreements. The default resulted from a fire at the Jerritt Canyon mill in Nevada that temporarily suspended operations. The company is now negotiating with third parties to restructure its debt obligations.
Sherritt sells coal assets for $946 million and focuses on core businesses
Sherritt International announced the $946 million divestiture of its entire coal business to focus on core nickel and oil operations. The sale includes $481 million from Altius Minerals for royalties and development assets, plus $465 million from Westmoreland Coal for operating assets. The transaction simplifies Sherritt's portfolio and provides liquidity for debt reduction and growth in its base metals and Cuban oil businesses.
Teck named on the Global 100 Most Sustainable Corporations list
Teck Resources was named the only mining company on Corporate Knights' Global 100 Most Sustainable Corporations list for 2014, marking the second consecutive year for this recognition. The ranking was announced at the World Economic Forum in Davos and evaluates companies based on sustainability metrics including water, energy, carbon productivity, and safety performance.
Solid Resources Ltd focusing on past-producing projects in mining-friendly jurisdictions
Solid Resources Ltd is developing iron ore and tin-tantalum projects in Spain with strategic partner Glencore Xtrata. The company's Cehegin iron ore property has historical data showing 65% iron ore with low impurities, while the tin-tantalum project is nearing production readiness.
A BC company whose inventions improve mining equipment
Caliper Machine and Hydraulics, a Cranbrook-based equipment manufacturer, has developed several innovative solutions for mining equipment including steel dashboards for Komatsu haul trucks and industrial windshield wipers. Their latest invention, the Roller Saddle Block for P&H electric shovels, is being tested at Teck Coal properties and reportedly saves thousands of dollars monthly in lubricant costs while extending component life.
Atlas Copco’s new rig control system wins an international award
Atlas Copco won a bronze International Design Excellence Award for its fifth-generation RCS 5 drill rig control system, which features improved ergonomics and simplified operation through multifunctional joysticks and a 15-inch touchscreen interface. The system is designed to accommodate the growing number of younger, less experienced operators entering the mining industry while increasing both productivity and safety.
How G8 transparency rules affect Canadian mining companies
Legal expert Alan Hutchison discusses G8 transparency rules requiring mining companies to disclose government payments, noting the regulations should help rather than hinder the industry. He emphasizes that community relations and First Nations accommodation agreements are increasingly critical for project approval in Canada.
Mining industry sees the benefits of fabric covered structures
The mining industry is increasingly adopting fabric covered structures as an alternative to steel buildings, offering faster construction times and easier site remediation. These engineered buildings can be constructed in 2-3 weeks versus 8 weeks for steel structures, providing significant advantages for remote mining operations with short construction seasons.
MAC elects the first female chair in its 78-year history
Zoe Yujnovich, president and CEO of Iron Ore Company of Canada, was elected as the first female chair of the Mining Association of Canada in its 78-year history. The appointment represents a significant milestone for gender diversity leadership in Canada's mining sector. Yujnovich brings extensive international mining experience from her career with Rio Tinto operations across Australia, the United States, England, and Brazil.
Emeco turns 40
Emeco, an Australian-founded mining equipment supplier, celebrated its 40th anniversary after expanding from a small equipment supplier in 1972 to international operations across Australia, Canada, Indonesia and Chile. The company provides maintained dry rental services and equipment solutions to mines worldwide, with its Americas operations led from Edmonton by president Ian Testrow.
Mining4Life has raised over $11 million for charity
The Mining4Life Charity Challenge, held annually during PDAC in Toronto, has raised over $11 million for children's health charities in its four years of operation. The event brings together 60-80 mining industry companies for a Texas Hold'em poker tournament, with 90% of proceeds supporting SickKids Foundation, SickKids International, and BC Children's Hospital Foundation.
Exploring the possibilities in India
Peter Sutherland of the Canada-India Business Council highlights growing opportunities for Canadian mining and resource companies in India's expanding market. Karnalyte Resources, an Alberta mining company, recently secured a $45 million strategic investment deal with Gujarat State Fertilizers & Chemicals Limited, demonstrating the potential for Canadian companies to access Indian capital and markets.
Strengthening trade relations
Lou Naumovski of Kinross Gold Corporation discussed the company's successful mining operations in Russia at the CERBA conference during PDAC 2013. Kinross has produced over 80 tonnes of gold from its Kubaka Mine and surpassed 3 million ounces of gold-equivalent production at its Kupol Mine, with the Dvoinoye Mine expected to be commissioned by end of 2013.
A B.C. company continues its research into environmentally sound mining techniques
Kemetco Research is developing environmentally sound mining technologies including cyanide-free gold recovery, improved cyanide detoxification processes, and biological treatment systems for acid mine drainage. The company's biological sulphide generator operates up to 7 times faster than competing technologies and has been optioned to a major U.S. multinational for demonstration.
Greenland property could be the next site of an open-pit nickel mine
North American Nickel reported a significant discovery at its Maniitsoq project in Greenland, intersecting 123.94 metres grading 0.81% nickel at the Spotty Hill target. The company believes the 4,983-square-kilometre property could host a new nickel camp comparable to Sudbury Basin, with potential for open-pit mining operations.
Mining opportunities abound in India
The article mentions Rana Sarkar, president and CEO of the Canada-India Business Council, discussing mining opportunities in India. However, the content appears to be truncated and does not provide specific details about mining projects, investments, or opportunities.
Xstrata Technology provides solutions on a global level
Xstrata Technology showcases its global mining technology solutions, highlighting two key innovations: the IsaMill grinding technology and Jameson Cell flotation system. The company operates internationally with offices in five countries and emphasizes providing comprehensive solutions rather than just equipment to the mining industry.
With Luquman Shaheen at the helm, Panoro Minerals has seen success
Panoro Minerals CEO Luquman Shaheen reflects on four years of leadership that transformed the company from a $5 million market cap to $100 million, with $50 million in financing completed. The Vancouver-based company focuses on copper and copper/gold deposits in Peru's Andahuaylas-Yauri province, with significant exploration success at its flagship Cotabambas project driving future growth potential.
Manganese on the horizon
American Manganese completed three phases of drilling at Artillery Peak in Arizona, establishing an NI 43-101 resource of over 277 million tonnes grading 2.84% manganese. The company believes this could make them the world's lowest-cost manganese producer, targeting production of 50,000 tonnes annually starting in 2014 with a 17-year mine life.