cim magazine december '14/january '15

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IN THIS ISSUE C IM MAGAZINE

DECEMBER 2014 / JANUARY 2015 DÉCEMBRE 2014 / JANVIER 2015

December/Décembre 2014 • January/Janvier 2015 | 5

COMMODITYSPOTLIGHT 2015

We take a look at 30 different metals and minerals, reviewing the past year –

the growing trends, the unforeseen events –and exploring what is on the horizon.

24Regulatory review

A look at changes in mining legislation around the world

By Eavan Moore

48Processing refractory ores

gets easier with newequipment

KPM develops two-inch fluid bed roaster to improve bench-scale tests

By Ian Ewing

64Keeping up with workflowAs projects ramp up in Northern Canada, lube manufacturers must re-examine

their products to accommodate the arcticconditions with additives and synthetic options

By Eavan Moore

52cover story

91

64

48

52

8 Editor’s letter 10 President’s notes

tools of the trade 12 The best in new technology

compiled by Kelsey Rolfe and Chris Balcom

news 14 Industry at a glance 28 Alternative energy sources are

playing a larger role in miners’strategiesBy Kelsey Rolfe

32 The Quebec government movesforward with its revampednorthern development programBy Antoine Dion-Ortega

columns 38 Where did all the gold

money go?By Doug Pollitt

40 Financial innovation onrenewablesBy Arnoldus Mateo van den Hurk

42 The safety to speak outBy Esther Ewing

upfront: metallurgy 44 A new chloride segregation

process could open up ooliticiron reserves globallyBy Chris Balcom

46 Will technological step change oroperational excellence makemines more profitable?By Ian Ewing

50 Terry McNulty is a metallurgicalmastermind with a keen sense ofwhat makes projects succeedBy Correy Baldwin

travel 80 Polkowice, Poland

By Chris Balcom

cim community 82 CIM news from Canada and

beyond

85 Obituaries 87 2015 Calendar of CIM events

mining lore130 The Elsa silver heist: a daring

mining theft in a small YukontownBy Alicia Priest

129 Professional directory

contenufrancophone

6 | CIM Magazine | Vol. 9, No. 9

32

La version françaiseintégrale du CIM Magazine estdisponible en ligne :magazine.CIM.org/fr-CA

35article de fond68 2015 : pleins feux sur

les marchandisesNous examinons 30 métaux etminéraux différents, vous offronsune rétrospective de ce qui amarqué l’année qui vient des’écouler, notamment lestendances de plus en plusrépandues et les événementsimprévus, et explorons ce qui seprofile à l’horizon.

10 Mot du président

35 Le gouvernement provincialrelance son plan dedéveloppement nordiquePar Antoine Dion-Ortega

87 Calendrier des événements del’ICM

91 Répertoire des membrescorporatifs de l’ICM

44

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xploration budgets in 2014 were some$4.5 billion smaller than they were in2013, according to the estimates of a

recent report from SNL Metals and Mining.The study focused on the spending decisionsof 2,000 companies exploring for non-ferrousmetals and has charted a steep decline fromthe impressive peak in 2012 when more than$22.8 billion was portioned out to miningand exploration companies to find newdeposits.

The report also reveals that the pile ofmoney dedicated to exploration last year –$12.9 billion – towers over those that werecommonly available in the 1990s and early

2000s. In other words, times have been better and they have been worse.Despite the huge sums that have flowed into the mining markets in the

last few years, that new investment has not been very productive, writesDoug Pollitt in his piece “Where did all the gold money go?” (pg. 38). Hedismisses the argument that rising costs cancelled out the advantage ofextra capital. Much of the cash, he argues, served as fuel for bad decisions.

Today, in operations as in exploration, the money that prompted thosedecisions is harder to find. In its absence, the problem of decreasing pro-ductivity has become more pronounced. The response seems to be anincreasing urgency to the discussion of step changes across the industry:whether it is devising a more energy-efficient approach to haulage or com-minution, liberating minerals by putting microbes to work, or dreamingup a smarter way to locate drill targets. Metallurgists challenged each otheron the subject at their latest annual conference. Ian Ewing chronicles thedebate in ”Step change vs. operational improvement” (pg. 46).

The industry orthodoxy holds that innovations are best when someoneelse takes the risk, but as veteran metallurgist Terry McNulty discusses inan interview with Correy Baldwin (pg. 50), this idea is not really supportedby the evidence. From what he has discovered through his observations onplant start-up performance, the risk in implementing new technologiesrelates to its management.

Whether the start-up is of a proven technology or a novel one, therigour applied to the implementation goes a long way to determining itssuccess.

While today may not be the best time for reinvention, McNulty’s find-ings make it hard to argue it is the worst if discipline and good judgementare designed into ambitious projects. We at CIM Magazine are eager todetail how such developments unfold.

Ryan Bergen, Editor-in-chief [email protected] @Ryan_CIM_Mag


editor’s letter Editor-in-chief Ryan Bergen, [email protected] editor Angela Hamlyn, [email protected] editor Andrea Nichiporuk, [email protected]

Section editors Peter Braul, [email protected] DiNardo, [email protected]

Copy editor/Communications coordinator Zoë Koulouris, [email protected]

Web content editor Maria Olaguera, [email protected]

Contributing editor Eavan Moore

Editorial intern Chris Balcom, [email protected]

Contributors Correy Baldwin, Graham Chandler, Antoine Dion-Ortega, Chuck Edwards, Esther Ewing, Ian Ewing, Virginia Heffernan,Graham Lanktree, Alexandra Lopez-Pacheco, Eavan Moore, ChristianNortheast, Doug Pollitt, Christopher Pollon, Alicia Priest, Kelsey Rolfe,Arnoldus Mateo van den Hurk

Editorial advisory board Alicia Ferdinand, Garth Kirkham, Vic Pakalnis, Steve Rusk, Nathan Stubina

Translations Karen Rolland, Pierrick Blin, CNW

Published 9 times a year by:Canadian Institute of Mining, Metallurgy and Petroleum 1250 – 3500 de Maisonneuve Blvd. WestWestmount, QC H3Z 3C1Tel.: 514.939.2710; Fax: 514.939.2714 www.cim.org; Email: [email protected]

Advertising salesDovetail Communications Inc.30 East Beaver Creek Rd., Ste. 202Richmond Hill, Ontario L4B 1J2Tel.: 905.886.6640; Fax: 905.886.6615; www.dvtail.com Senior Account Executives 905.886.6641Janet Jeffery, [email protected], ext. 329Neal Young, [email protected], ext. 325Account ManagerFiona Persaud, [email protected], ext. 326

Subscriptions Included in CIM membership ($177.00); Non-members (Canada),$270.00/yr (PE, MB, SK, AB, NT, NU, YT add $11.00 GST, BC add$26.40 HST, ON, NB, NL add $28.60 HST, QC add $32.95 GST +PST, NS add $33.00 HST) Non-Members USA and International:US$290.00/year. Single copies, $25.00.

This issue’s coverIllustration by Christian Northeast

Layout and design by Clò Communications Inc.www.clocommunications.com

Copyright©2014. All rights reserved.

ISSN 1718-4177. Publications Mail No. 09786. Postage paid at CPA Saint-Laurent, QC.

Dépôt légal: Bibliothèque nationale du Québec.The Institute, as a body, is not responsible for statements made or opinions advanced either in articles or in any discussion appearing in its publications.

Printed in Canada

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president’s notes | mot du président

Sean WallerCIM PresidentPrésident de l’ICM


Ne pariez pas contre le prix des produits de baseDans ma dernière note de service, j’ai déclaré qu’un certain nombre de facteurs font de l’industrie minière

un secteur difficile, l’un de ces facteurs étant que les producteurs n’ont pas de prise sur le prix de leurs produitssur le marché. Certains diront que ce n’est pas tout à fait exact, car l’innovation technologique permet d’obtenirdes coûts de production plus rentables et plus bas, offrant ainsi la possibilité de vendre des produits à un prixréduit. Plusieurs exemples comprennent notamment la mise au point de méthodes d’exploitation et de traite-ment de très grande envergure et de technologies de lixiviation en tas, lesquelles ont toutes servi à réduire lescoûts unitaires de production en dollars constants.

Cependant, d’autres facteurs sur lesquels les producteurs n’exercent aucun contrôle déterminent le prixdes produits de base. Le plus évident est la vigueur de l’économie mondiale, laquelle est variable à courtterme et attire l’attention pratiquement constante des médias. Éloignez-vous du tapage médiatique quoti-dien et pensez au fait que la population mondiale a atteint la barre des sept milliards et que les prévisionsactuelles tablent sur huit milliards dès 2035 – elle s’élevait à seulement deux milliards en 1920! Rapportezcette croissance à la hausse du niveau de vie mondial et de la consommation, et il devient dès lors évidentqu’à plus long terme, l’approvisionnement en produits de base pourrait ne pas répondre à la demande, etnous savons où cela va mener.

À l’avenir, les prix des produits de base sont appelés à augmenter en termes réels. Les gisements sont diffi-ciles à découvrir et à mettre en valeur, et les teneurs moyennes diminuent. Heureusement, l’application de nou-velles méthodes et technologies permettra de rendre ces gisements à teneurs moins élevéescommercialement viables. À plus court terme, disons dans les deux à trois prochaines années, les prix des pro-duits de base et le sort de notre industrie sont plus difficiles à prévoir. Le fléchissement actuel du prix de nom-breux produits de base a poussé notre industrie à faire marche arrière, à réduire les coûts et à réduire la dette.Les investissements dans le secteur minier ont considérablement chuté au cours des deux à trois dernièresannées, faisant connaître à l’industrie une période de récession. Cette tendance s’inversera un jour et la crois-sance à long terme reviendra. Pour ma part, je vais miser sur ça.

Don’t bet against commodity pricesIn my last note, I stated that a number of factors make mining a challenging business, one of

which is that producers do not have control over the market price of their products. One mightargue that this is not entirely correct, as technology innovation enables more efficient and lowercost of production and hence the option to sell products at a reduced price. Several examples ofthis include the development of very large-scale mining and processing methods and heapleaching technology, all of which served to lower unit production costs in constant dollar terms.

However, other factors beyond producers’ control determine commodity pricing. The mostobvious is the strength of the global economy, which is variable in the short term and garnersnear-constant media attention. But step back from the daily media blasts and consider that wehave just reached the seven billion mark in global population and current projections see itreaching eight billion as soon as 2035 – it was only two billion as recently as 1920! Pair thisgrowth with the increase in the global standard of living and associated consumption, and itbecomes apparent that over the longer term commodity supply may struggle to meet demand,and we know what the result will be.

In the future, commodity prices are bound to increase in real terms. Deposits are difficult todiscover and develop and average grades are decreasing. Fortunately, the application of newmethods and technologies will help make these lower-grade deposits commercially viable. For theshorter term, say in the next two to three years, commodity prices and the fortunes of our indus-try are more difficult to predict. The current softness in many commodity prices has caused ourindustry to pull back, cut costs and reduce debt. Investment in the mineral sector has droppeddramatically over the past two to three years and as a result the industry is in a downturn. Thesefactors will eventually reverse and long-term growth will return. I, for one, will bet on that.

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Explosion-proof light fixturesGiven the darkness of theirsurroundings, reliable lighting haslong been a concern forunderground miners. In the dim andcramped spaces of a mine, it isimportant that all equipment is asdurable as possible, including lightfixtures. In the interest of offering safe,compact and long-lasting fixtures,Texas-based Larson Electronics haslaunched a new 150-watt explosion-proof LED lightfixture. It is capable of handling 347-480 AC voltages toaccommodate the various voltage standards across Canada and theUnited States. The light weight, low profile and high durability of theproduct make it an attractive alternative to cumbersome olderfixtures. The aluminum alloy body increases the fixture’s resistance tovibration and impact, making the light well suited to a miningenvironment. This durability also gives the product versatility, and thefixtures can be used throughout a given operation, said Larsonspokesperson Rob Bresnahan: “[Miners] can mount it on vehicles,they can mount it on surfaces in the tunnels, and it’s going to last.”


Real-time pressure monitoringTire-pressure monitoringsystems (TPMS) help mineoperators prevent the rubberon their earthmover tires fromdegrading due to hightemperature or incorrectpressure. When a typicalTPMS detects a warningsign, it sends that informationvia a mine site’s communication network,such as wireless network (WiFi), to a base station. However, it isdifficult to find a TPMS that integrates well into any given mine’sspecific communications configuration because of the multitude ofplatforms available. Therefore, when Kal Tire re-launched its TrueTire Technology TPMS, it provided seven connectivity optionsincluding WiFi, 3G cellular, and a 900-megahertz radio frequencynetwork. The system collects data from ball-shaped sensors that areattached to the inside of the tires, detecting the temperature andpressure of the tire chamber. This information is sent to a mastercommunication module where it is then relayed to a base stationand accessed online or through downloadable software, allowingmine operators to evaluate the performance of the system acrosstheir entire fleet. “[The dashboard] basically shows you everythingthat’s happening on the system at a glance,” said Mike Batka, KalTire’s process, technology and products vice-president. “From thatscreen, if you click once on any of the icons or any of the trucks, ittakes you to exactly where you need to be.” The system also includesGPS tracking that automatically refreshes every 30 seconds.

Waste heat recoveryExhaust from diesel-generated powerincludes a lot of heat energy, but thispotential source of power is lost in theabsence of an effective waste heat recoverysystem. To turn waste heat into a profitableresource, U.S.-based Alphabet Energyrecently launched the E1 ThermoelectricGenerator. “[Waste heat] has not beenvaluable to [mining companies] becausethere really hasn’t been a way to simply andreliably turn that waste heat into somethinguseful,” explained Alphabet Energy CEOMatt Scullin. The industrial-scalethermoelectric generator makes use ofAlphabet’s patented silicon and tetrahedritetechnology and produces electricity bytaking advantage of the heat differentialbetween a diesel generator’s exhaust andthe outside air. Using this technology, the E1can generate up to 25 kilowatt-electric (kWe)per 1,000 kWe of diesel generator capacity,saving 52,500 litres of diesel fuel per year,per engine. Alphabet’s thermoelectrictechnology is solid-state, meaning there isno rotating machinery or working fluid, andrequires minimal upfront engineering andvirtually no ongoing maintenance. It canalso be installed in two hours, making itideal for remote locations. Installation simplyinvolves inserting the exhaust pipe of adiesel generator into the E1 generator andin turn connecting the E1 to the site’s mainbreaker. For now the E1 only pairs withstationary equipment but Alphabet plans toadapt its technology to other applications inthe future, such as waste-heat recovery unitsfor trucks.

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with perceived difficult governments,”said Hochstein. Examples includeSudan, Libya, and the DemocraticRepublic of Congo. “Where we’ve beensuccessful is where there’s a rule of lawand you make sure your contract isstrong, so that even if things can get alittle wobbly with the government youstill have a good solid contract to fallback on.”

Upon closing the deal with Kinross,Fortress will change its name toLundin Gold Inc. With the promised,much-improved tax regime and exten-sive development already in place tobuild upon – work camp, roads, 150kilometres of drill cores – Lundinexpects Fruta del Norte to start pro-ducing from its reserves of 7.3 millionIndicated and 2.6 million Inferredounces of gold in 2018. – Graham Chandler

Fresh goals for savingwater in the oil sands

Canada’s Oil Sands InnovationAlliance (COSIA) has issued the first ina series of performance goals for itsmembers. The 13 members of thealliance have agreed to reduce usage offresh water consumption for in situ oilsands production from a 2012 averageof 0.4 barrels of water per barrel ofproduced bitumen by half, to 0.2 by2022.

Establishing the goal was a collabo-rative effort, said Dan Wicklum,

COSIA’s chief executive. “It is the com-panies that have driven this; they’vedeveloped and own that goal.” The tar-get levels are “basically a trade offbetween setting a realistic goal andbeing ambitious and aggressive,” hesaid. The base year was chosen as 2012because that was when the newlyformed COSIA started collecting data.At the end of 2012, in situ operatorswere using about 275,000 barrels offresh water daily.

COSIA – which comprises oil sandsproducers like BP Canada, Syncrude,Teck Resources and Total E&P Canada– will publicly disseminate perform-ance results for the water reduction ini-tiative in annual updates starting inNovember.

Wicklum said the alliance is finaliz-ing similar targets for oil sands miningoperators. “These goals are too impor-tant to do quickly,” he pointed out.“We want to do them right.”

Water is one of COSIA’s four envi-ronmental priority areas. Performancegoals are in the works for the otherthree as well: tailings, land, and green-house gases emissions. – G.C.

Barrick names companypresident for China

The world’s leading gold produceris seeking closer ties with the world’sleading gold consumer. On Sept. 18,Woo C. Lee joined Barrick Gold Cor-poration as its first president forChina.

The new position reflects the com-pany’s desire to build enduring part-nerships in China that advance itslong-term business objectives, and itsview that a dedicated presence is criti-cal to accomplishing that goal. “Tobuild the type of relationships we seek,it is important that we have a perma-nent presence in the region, engaginglocal partners on a continual basis,”said Andy Lloyd, vice-president ofcommunications at Barrick. “Woo willbe Barrick’s representative on theground, working with the Chinesegovernment, mining companies,investors and suppliers in pursuit ofopportunities in China and the sur-rounding region.”

news

Camp at Fruta del Norte gold project

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Golden opportunity forLundin Group

The Lundin Group this fall took astep towards developing its gold busi-ness when it obtained the Fruta delNorte project from Kinross Gold Cor-poration. On Oct. 21, Lundin Groupmember Fortress Minerals Corp.agreed to acquire the project inEcuador through the purchase of Aure-lian Resources Inc. shares from Kinrossfor US$240 million in cash and equity.

“It is just a fantastic ore body, con-sidered by many to be one of the topundeveloped gold projects in the worldright now,” said Fortress chairman RonHochstein. Kinross was enthusiastictoo when it acquired the project in2008 in a share exchange with Aure-lian worth $1.2 billion. But after exten-sive negotiations with the Ecuadoriangovernment, mainly surrounding a 70per cent windfall profits tax, Kinrosspulled out in 2013. Ecuador then com-missioned global consultancy WoodMackenzie to evaluate its mining pol-icy competitiveness. The governmentlater decided to abolish the cripplingwindfall tax. “It wasn’t the trigger but itwas certainly a contributing factor togive us the comfort level to move for-ward,” said Hochstein.

Fortress recognizes the governmentrisks and feels it has addressed them.“If you look at the history of theLundin Group, it has been very suc-cessful going into countries early on or

Saskatchewan, the Northwest Territo-ries, and Nunavut announced in Octo-ber they will join the Ontario SecuritiesCommission (OSC) in implementingamendments to National Instrument58-101 - Disclosure of Corporate Gov-ernance Practices.

Under the proposed “comply orexplain” rules, publicly traded compa-nies would have to report annually onthe representation of women in seniormanagement and board roles. Ratherthan quotas, the new rules will requirecompanies to confirm they have a pol-icy for evaluating women for higherlevel positions and provide details on itor explain why they do not and iden-tify risks or opportunity costs associ-ated with not having a policy.


Lloyd did not disclose specific geo-graphic areas or companies of interest,but they should soon materialize; Leehas considerable business experiencein the country. He worked for 20 yearsin China and East Asia, during whichtime he spent 10 years focused full-time on China including six years inresidence in Beijing. Most recently hewas a senior advisor at JL Thornton &Co., where he led government, com-mercial and non-profit projects inChina and advised the firm’s founder,John Thornton, who became Barrick’schairman of the board in December2013. In his new position at Barrick,Lee should be able to leverage experi-ence and contacts he gained during 16years with the U.S. State Department,

where he held senior posts atembassies and consulates in China,Japan, and Australia. “He has workedclosely with government officials, com-munity leaders, non-governmentalorganizations, media and other stake-holders,” added Lloyd. – G.C.

Provinces push for femalerepresentation on boards

This fall, securities regulators in allbut three provinces announced theywould adopt legislation to create trans-parency around female representationin management positions at certaincompanies. Regulators in Newfound-land and Labrador, Nova Scotia, NewBrunswick, Quebec, Manitoba,

news

Four industry titans are set to be recognized in the newyear for their life-long dedication to mining. Peter Brad-shaw, Ian Telfer, Mackenzie Watson and Ron Netolitzkywill be formally inducted into the Canadian Mining Hallof Fame at the annual induction dinner on Jan. 15 inToronto.

Mackenzie Watson is the first and only two-time winnerof the Bill Dennis Award for a Canadian mineral discoveryor prospecting success. He played a leading role in the dis-covery of countless major deposits in the past decadeincluding both the Strange Lake rare earths project in Que-bec and the Ring of Fire chromite reserves.

“[The Canadian Mining Hall of Fame] is something veryspecial in our industry, and I feel fortunate to be one of [theinductees],” Watson said. “I feel very honoured and hum-bled knowing who has gone before me.”

Ian Telfer, for his part, is an icon of mining finance. Witha keen eye for opportunity, he has achieved remarkable

Mining Hall of Fame inducts four industry greatssuccess through skilfully manoeuvred mergers and acquisi-tions, notably the absorption of his company, WheatonRiver Minerals, by Goldcorp in 2005. Now Goldcorp’schairman of the board, Telfer led several mining companiesthroughout his career and had a hand in launching manymore including Tahoe Resources and Primero Mining.

Peter Bradshaw has made enormous contributions to theindustry as a researcher and entrepreneur, and helped setup the Mineral Deposit Research Unit at the University ofBritish Columbia. Bradshaw produced groundbreakingwork on geochemical exploration and was instrumental inthe development of several operations including Barrick’sPorgera mine in Papua New Guinea.

Ron Netolitzky has enjoyed tremendous success as ageologist and prospector. Netolikzky has been a key playerin the development of several projects in Canada andabroad, including his notable success with the Snip andEskay Creek properties in northern B.C. – Chris Balcom

Peter Bradshaw, Ian Telfer, Mackenzie Watson and Ron Netolitzky (left to right) will be inducted into the Canadian Mining Hall of Fame in January 2015.

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“We certainly welcome the changesmade by the OSC,” said Ryan Montpel-lier, executive director of the MiningIndustry Human Resources Council. “Ibelieve it will start having a meaningfulimpact on our industry by highlightingthose companies that don’t necessarilyhave diversity policies and really forcethem to explain why.”

Since all publicly traded compa-nies on the Toronto Stock Exchangeare regulated by the OSC regardlessof where they are headquartered, thesix provinces’ and two territories’decisions are primarily seen as a signof support. So far, B.C., Alberta, andP.E.I. have chosen to not jump onboard.

Montpellier explained that whilelarger companies listed on theexchange often have specific policiesaround diversity, they tend to befocused on the lower ranks versusboard and executive roles. “I think thiswill force them to take a more proac-tive role and I believe it will create anenvironment where they will want todevelop diversity policies,” he said.“There’s strong evidence out there thatdemonstrates diversity on boards leadsto improved shareholder value. This isa good move for mining companies.”

Subject to ministerial approval, theamendments will come into effect onDec. 31, 2014. – Alexandra Lopez-Pacheco

New study shows miningsuppliers are keycontributors to Ontario’seconomy

Considered a “hidden” sector by theConference Board of Canada, the min-ing services and supply (MSS) sectorcontributes about one per cent toOntario’s GDP, according to a newstudy released in late October by theCanadian Association of MiningEquipment and Services for Export(CAMESE).

The study, conducted by Pricewa-terhouseCoopers for CAMESE, foundthe MSS sector accounted for roughly$6.2 billion of Ontario’s total GDP of$655 billion in 2011, with around$3.9 billion in direct impact alone. Italso showed the industry contributed41,000 direct and 27,000 indirect jobsthat year, for a total of 68,000.

“The mining services and supplysector is much larger than anybody’sever really seen, in terms of numbers,”said Ryan McEachern, CAMESE’s man-aging director. “So we’ve been able toprovide better clarity to [the sector’s]economic contribution, and also thenumber of companies and the numberof employees in the sector.”

The study also showed that the MSSsector is not strictly located in northernOntario. One third of the companiessurveyed were based there, but 21 percent were located in the greater

news


industry at a glance

739

Fourth7

$410 million71 per cent

Number of active gold mines in Burkina Faso as of 2013, all of which began producing after 2007

Approximate tonnage of gold mined in the country in 2013

largest producer of gold in Africa

Number of Canadian mining companies currently active in Burkina Faso

Revenue from all mining taxes and licensing fees in 2013

Gold as a share of Burkina Faso’s exports

Hundreds of thousands of Burkinabè took to the streetsof their capital Ouagadougou and other major cities in lateOctober, angry at President Blaise Compaoré’s efforts toextend his time in office by amending constitutional lawson term limits. Compaoré won four disputed electionsduring his 27 years in power.

In the ensuing chaos, at least five protestors were killedby security forces and demonstrators occupied andtorched several buildings including Burkina Faso’s parlia-ment. On Oct. 31, less than a week after demonstrationsbegan, Compaoré resigned and fled to the Ivory Coast.The military quickly seized control and has sinceappointed former foreign minister Michel Kafando asinterim civilian president. Lieutenant Colonel Isaac Zida

has said that elections will take place late next year. In themeantime, the military has taken control of six key min-istries including the ministry of mines, while the othershave been delegated to civilian authorities.

The rapid transformation of the country’s political land-scape and intensity of popular frustration with the regimetook many by surprise. Burkina Faso was seen as relativelystable by many investors, in part due to the perceiveddurability of Compaoré’s regime and his close alignmentwith the West.

The political struggle affected the operations of at least oneCanadian miner. Ottawa-based Orezone Gold suspendedwork at its Bomboré property, 85 kilometres east of Oua-gadougou, from Nov. 3 to 10. When operations resumed, the

company announced it had sus-tained some minor damages.“Work is underway at the Bomboréfield camp to fully assess the dam-ages and clean up and repair bro-ken windows and office furniture,”reported Orezone in a press release,claiming the vandalism had beencommitted by artisanal miners.Other Canadian mining companiesin the country like Iamgold andSEMAFO continued their opera-tions without interruption.

Burkina Faso has significantgold deposits, and Compaoré’sgovernment made an effort toattract foreign mining investment.While most Canadian and otherforeign mining companies in thecountry have been carrying on asusual, recent events have raisedsome concern about the future. – C.B.

Turmoil in Burkina Faso

Mining in Burkina Faso

Producing mines in Burkina Faso as of 2013, according to the Burkina Faso Ministry of Mines, Careers and Energy

Toronto area, and roughly half werescattered across the province.

The results are based on the surveyresponses of 913 Ontario companiesthat self identified as mining suppliersin 2011.

The MSS sector is not directly meas-ured by Statistics Canada, as it classi-fies companies based on the generalservices they provide, such as engi-neering or manufacturing, rather thanin which industry their services areused, thus hiding the contributions ofthe MSS sector within the statistics ofother industries. CAMESE defines thesector as including jobs that assist min-ing, namely engineering firms, consult-ants and mining-specific bank andlegal work.

CAMESE next hopes to conduct apan-Canadian study. “We clearlyshowed the importance of it inOntario,” said McEachern, who joinedthe organization last September. “Myexpectation is to have [a country-wide

study] happen, and I will worktowards that.” – Kelsey Rolfe

AMTA closes its doorsThe Aboriginal Mentoring and

Training Association (AMTA) closedits doors in November, just four and ahalf years after its founding. Over thattime, the B.C.-based organizationsuccessfully trained and found place-ment for more than 1,000 aboriginalsin resource sector jobs. AMTA citedthe termination of federal financingas the reason for closure. “FundingAMTA has been the biggest challengewe’ve had since we opened our doorsin 2009,” said former CEO LaurieSterritt.

Ottawa did not give AMTA specificreasons for ending its funding this year,said Sterritt. Of its roughly $5 millionannual budget, she said the federalgovernment provided AMTA with $3.5million in 2013. The organization was

able to attract donations for the rest, aswell as industry partners’ in-kind con-tributions like on-site training pro-grams and staff to oversee projects.Although AMTA was able to securecharitable donations for $1.5 million ofthe 2014 budget, making up the $3.5million shortfall proved impossible.“We certainly have been trying,” saidSterritt.

AMTA was created through collabo-ration by the mining industry, the fed-eral government’s Aboriginal Skills andEmployment Partnership program,educators and First Nations. Theorganization was originally named theBritish Columbia Aboriginal MineTraining Association to provideemployment opportunities for aborigi-nals and help the mining sector meetits workforce needs. It was renamedAMTA last February when it expandedinto other resource sectors.

Broadening AMTA’s scope was anattempt to attract the province and

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other companies to contribute. But,“it’s definitely a challenge to get com-mitments in this economic situation,”Sterritt said.

Nonetheless, Sterritt remains proudof the impact AMTA had on individu-als, their families and communities.“There are a lot of really good stories,”she said. – G.C.

Waterloo students comefirst at mining competition

A team of engineering students fromthe University of Waterloo won thethird annual National Mining Compe-tition in early November, beating out15 other teams.

Over a 36-hour period beginningon Oct. 31, the teams of four werechallenged to come up with the bestfive-to-10-year strategy for a fictionalCanadian copper mining companywith assets in Yukon, British Columbia,and Chile.

The groups were given the com-pany’s financial statements, asset pro-duction levels, reserves and resources,and were told to take into account cur-rent commodity prices and demandpredictions.

The University of Waterloo team,composed of chemical engineeringstudents Seung-Youn Lee, MarcoChan, Vincent Zhu and Andrew Jiang,had a strong financial analysis and

paid attention to the weighted cost ofcapital, said competition co-chairCooper Meadows. “They also broughtin some engineering- and mining- specific information that reallyimpressed the judges,” he added.They received their award fromWayne Brownlee, CFO of PotashCorp., the title sponsor of the event.

The teams, made up of undergradu-ate university students from schools infive different countries, were given anopportunity to consult with industryrepresentatives from local mining com-panies for three minutes each during a“speed-dating consulting session,”Meadows said, where they could getadvice on their strategies for the maininterdisciplinary case. They also competed in a smaller crisis responsechallenge, where they were given a sce-nario and had to respond in a limitedamount of time.

The National Mining Competition,hosted at the University of Sask -atchewan, is the country’s first under-graduate mining case competition.“What we’re trying to do is give studentsan opportunity to integrate business andengineering and geology,” Meadowssaid. “It’s not typically something theyget a chance to see firsthand ... until[they] get into the industry.” – K.R.

N.W.T. governmenthatches plan to spurmineral investment

In October the government of theNorthwest Territories released a plan tosupport its 2013 mineral developmentstrategy. The government is hoping theplan will lead to a more positive min-ing investment climate in the territory,according to N.W.T. Minister of Justiceand Industry, Tourism and InvestmentDavid Ramsay.

While mining has generated thou-sands of jobs and billions of dollars ofrevenue in the N.W.T., explained TomHoefer, executive director of theN.W.T. and Nunavut Chamber ofMines, “over the past seven or so years,we have seen mineral investment in theterritory languish, while our neigh-

bours and other jurisdictions weredoing very well. That was an indicationthat the problem was of our own mak-ing.” Hoefer’s organization partneredwith the N.W.T. government in devel-oping both the strategy and plan.

To address the problems, the planincludes attention to infrastructuredevelopment: $31 million toward athree-year energy program and $600million for a 10-year strategic trans-portation plan, for example. It alsoincludes an incentive program that willaward $400,000 in initial funding toprospectors and exploration companies.

Despite the weak global market-place, Hoefer is optimistic about thefuture in the N.W.T.: “We are seeingencouraging investments, particularlyaround diamonds and gold.” Thehealthy signs include the developmentof the Prairie Creek (base and preciousmetals), Gahcho Kue (diamonds),NICO (polymetallic) and Nechalacho(rare earth elements) projects, all ofwhich have moved through the permit-ting phase and are now seeking invest-ment to construct mines. “Our largestdiamond mining company has justreleased its plan for a $650 millioninvestment to extend the life of itsEkati mine by 10 or more years,” headded.

The N.W.T. government intends toupdate its implementation plan annu-ally for the next 10 to 15 years. – A.L.-P.

Balmoral awardedprospectors of the year inQuebec

In October Balmoral Resources Ltd.received the Prospectors of the YearAward in Quebec for the second con-secutive year from L’Association de l’ex-ploration minière du Québec inrecognition of its Grasset discovery inthe company’s 700-square-kilometreDetour Trend project. Earlier this year,Balmoral discovered the Grassetn i c k e l - c o p p e r - p l a t i n u m -palladium system, located in west-cen-tral Quebec, 55 kilometres (km) westof Mattagami.

University of Waterloo student at the final presentationof the third annual National Mining Competition heldin Saskatoon, Saskatchewan.

David Stob

be


LETTER TO THE EDITOR

A call to the more fortunateRecently the company I worked for was taken over;

consequently I received a windfall along with a largetax obligation. I was very pleased to learn from anaccountant that charitable donations can be used tooffset capital gains tax and, depending on the type ofdonation, additional credit(s) can be realized.

After consultation with the charitable organizationCovenant House and my accountant, I opted todonate shares by exercising stock options. The conse-quence of buying the options and donating the certifi-cate to the charity directly rather than takingownership of the share certificates and then donatingthe shares bypasses any capital gains tax associatedwith the transaction.

I know that there are others who belong to CIMwho may find themselves in a similar situation to myown given all of the recent mergers and acquisitionsand would like to suggest that they too consider asimilar strategy. Contributions to charities or organi-zations that help/serve our communities are desper-ately needed and, if done properly, capital gains taxcan be offset.

Most registered charities have knowledgeable staffwho are familiar with these types of donations. Thekey is to work with a competent accountant who canadvise you of the benefits and liabilities when makingcharitable donations.

– Joe Milbourne

In 2013 Balmoral received the same award for its high-grade gold discovery just 40 km from Grasset at the BugLake/Martiniere Gold system, making it the first companyto receive the award two years in a row. Balmoral beganactively exploring in the province about four years ago.

In November shortly after receiving the award, thecompany closed a $10-million flow-through private place-ment with a syndicate of underwriters led by CanaccordGenuity Corp. that includes RBC Capital Markets and PIFinancial Corp. “This means an aggressive, drill-focused$10 million 2015 exploration program for the company ata time when most continue to cut back,” said Darin Wag-ner, president and CEO of Balmoral. “Focus will be onexpansion of the discoveries at Grasset and Martiniere aswe march them toward initial resource statements.

“There may come a time in 2015 to consider joint ven-turing or selling one of the two assets to a third party, butwe are funded for the work we need to do through 2015and beyond, so we plan to drive forward on our own fornow unless someone makes us an offer we can’t refuse.” – A.L.-P.

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Geostatistical Mineral Resource Estimation and Meeting the New Regulatory Environment: Step by Step from Sampling to Grade ControlLearn about the latest regulations on public reporting of resources/reserves through state-of-the-art statistical and geostatistical techniques; howto apply geostatistics to predict dilution and adapt reserve estimates to that predicted dilution; how geostatistics can help you categorize yourresources in an objective manner; and how to understand principles of NI 43-101 and the SME Guide.INSTRUCTORS Marcelo Godoy, Newmont Mining Corp., Denver; Jean-Michel Rendu, JMR Consultants, USA; Roussos Dimitrakopoulos, McGillUniversity, Canada; and Guy Desharnais, SGS Canada Inc., Canada • DATE September 14-18, 2015 • LOCATION Montreal, Quebec, Canada

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Quantitative Mineral Resource Assessments: An Integrated Approach to Planning for Exploration Risk ReductionLearn about exploration risk analysis for strategic planning. Understand how to demonstrate how operational mineral deposit models can reduceuncertainties; make estimates of the number of undiscovered deposits; and integrate the information and examine the economic possibilities.INSTRUCTORS Don Singer, USA; and David Menzie, U.S. Geological Survey, USA • DATE Fall 2015 • LOCATION Montreal, Quebec, Canada


The year 2014 saw a wide range oflegislative responses to one of thetoughest questions governments inmining jurisdictions face: How tosustain an active industry withoutrelinquishing too much control oftheir own resources? Several coun-tries and a province pursued wealthby way of local participation require-ments while others chased investorswith tax breaks. More than one policyreversal highlighted how fickle gov-ernments can be. Here is a measure ofthis year’s moods as reflected in min-ing legislation.

PassedIn Bolivia, a law came into effect in

June requiring mining cooperatives toseek legislative approval before part-nering with private entities, in accor-dance with the 2009 constitution thatnamed the state as the owner of min-eral resources. Cooperatives areunlikely to face major problems as a

Regulatory reviewChanges in mining legislation around the world

By Eavan Moore

result of the move from private con-cessions to a service provision model,said Arthur Dhont, IHS Global Insightanalyst, who remarked that the newlegislation also offers better protectionto foreign firms by requiring judicialsecurity for mining operations.

Indonesia’s long-awaited ban onraw mineral exports came into effect inJanuary. Starting Oct. 1, the countryalso required coal exporters to obtainpermits. Rick Beckmann of Susan-darini & Partners said Indonesiaaimed to capture unpaid royalties fromillegal coal exports, meet domesticmarket requirements, and better con-trol coal exports, in conjunction withlimiting exports to certain ports.

Australia repealed its carbon tax inJuly and its Mineral Resource Rent Taxin September, as promised by LiberalPrime Minister Tony Abbott. The taxesenacted by the previous governmentled by the Labour party in 2012 hadcharged the top 348 polluters AU$23

for every tonne of carbon dioxide(CO2) produced and taken 30 percent of coal and iron ore profits. “Therepeal of the carbon and mining taxeswill go a long way to recovering someof the lost competitiveness that hasoccurred over recent years,” saidSimon Bennison, CEO of the Perth-based Association of Mining andExploration Companies. The Senatevoted in October to implement anAU$2.55 billion Emissions ReductionFund program in which the govern-ment will issue credits for CO2 reduc-tions, then buy the credits in a reverseauction.

As of August, a new mining law inMozambique requires local participa-tion in mining operations, including in-country mineral processing ifeconomically viable. Concession hold-ers must list on the Mozambican StockExchange, new mining contracts willrequire state participation in operations,and operators must give preference to

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In June 2014 Ecuadorian President Rafael Correa announced he would consider tax incentives to encourage resource extraction in the country.

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local products and services. A separate tax reform takingeffect January 2015 will introduce a resource rent tax of 20per cent when a company’s internal rate of return exceeds18 per cent.

Cuba approved a new foreign investment law inMarch that allows 100 per cent foreign ownership ofcompanies. For joint ventures with Cuban firms, itreduces the tax on profits from 30 to 15 per cent andexempts companies from paying a profits tax for the firsteight years of operation. The law also allows up to a 50per cent profit tax rate on natural resource exploitation,which was called out as a target sector for investment.

Quebec amended its Mining Act in December 2013.Among other changes, the act gave more authority tomunicipalities, required proponents to guarantee thefull cost of mine restoration before receiving leases, andincreased requirements for aboriginal consultation. InJanuary 2014, the province enacted a progressive taxrate that ranged between 16 per cent and 28 per centbased on the operator’s profit margin, which replacedthe single rate of 16 per cent, and also added a tax floorof one to four per cent based on mine-mouth outputvalue.

ProposedSouth Africa’s National Assembly passed amend-

ments to the Mineral and Petroleum Resources Develop-ment Act in March. The as-yet unsigned bill wouldrequire Minister of Mineral Resources Ngoako Ramatl-hodi to promote local beneficiation, give him authorityto designate minerals with local beneficiation require-ments, and give him discretion over percentages andother regulatory questions. These provisions “effectivelyallow the minister to interpose himself between theindustry and its customers,” said Peter Leon, the head ofmining at South African law firm Webber Wentzel.

The Mining Industry Coordinating Council of thePhilippines drafted a law that would tax miners at 10per cent of gross output or 55 per cent of adjusted netmining revenue (ANMR), whichever is higher. It alsoincludes a windfall tax on ANMR margins that are over50 per cent. As of November, the proposal was pendingreview with the president’s office. The Chamber ofMines of the Philippines opposes it, according to vice-president of legal and policy Ron Recidoro, who arguedthat the government overestimated its missing revenue.Bans on unprocessed ore exports were proposed in theHouse and Senate but saw little further action.

Canada drafted disclosure rules for mining and oiland gas companies making payments to any level of

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foreign or domestic government. Any extractive firmthat is listed on a Canadian exchange has at least$20 million in assets, generates at least $40 millionin revenue, or employs at least 250 people would berequired to report cumulative payments of$100,000 or greater. Andrew Godfrey, associate atNorton Rose Fulbright, said the legislation closelyresembled U.S. rules, as suggested by an industryworking group. The government committed to pas-sage by April 2015.

Up in the airChile’s Minister of Mines Aurora Williams told

Reuters in October she planned to streamline themine permitting process, citing duplicate documentrequests and unnecessary permits. The results of a60-day review will be shared in early 2015.

Greenland called new elections for Novemberafter prime minister Aleqa Hammond stepped downas party leader and went on a leave of absence duringan investigation of her expenses. Hammond had pro-moted mining as an economic opportunity for Green-land and overturned a prior ban on uranium mining.Mark Fedikow, president and interim CEO of the jun-ior exploration and development company NorthAmerican Nickel, said the political events had had“no impact” to date on their exploration in Green-land, adding that working there had been “free fromregulatory issues with the Greenland governmentagencies.”

Ecuador is considering tax incentives to encour-age extraction of its gold, silver and copper resources.In June President Rafael Correa announced he wouldwork on the issue, citing the recommendations of agovernment-commissioned Wood MacKenzie studythat judged Ecuador an unattractive target for mininginvestment. Kinross Gold blamed Ecuador’s 70 percent windfall tax for its decision to sell its interest inthe Fruta del Norte project.

Kazakhstan is working on a new mining code tospeed up international investment. Amendments tothe law “On Subsoil Resources and Their Use” beganwending their way through parliament in October.Alexander Melikishvili, senior analyst at IHS CountryRisk, said the law envisions mandatory expert assess-ments of mining contracts will be cut by 60 per cent,and mining permits will be issued in a simplified auc-tion procedure. “It is likely to be passed as proposedbut the implementation, as with other laws in Kaza-khstan, will be problematic, at least initially,” saidMelikishvili. CIM

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Winds of change blow for renewablesAlternative energy sources are playing a larger role in miners’ strategies

By Kelsey Rolfe

The Renewables and Mining Sum-mit and Exhibition is only in its secondyear, but with several renewable energyprojects commissioned at mine sitesthis year, the focus at the event haschanged in short order.

While the 2013 conference revolvedaround whether alternative powersolutions like solar and wind farms,natural gas, and fuel cells were feasible,this year “there’s no question of that,”noted Adrienne Baker, director of con-ference organizer Energy and Mines, inher opening remarks at the event heldin October in Toronto.

Mining companies are demonstrat-ing that renewable energy projects aredoable and beneficial – especially formines located in remote regions – and

they are becoming increasingly popu-lar. The central question now, Bakersuggested, is how much of a role

renewables can play in a mine’s energymix, and what the production costwill be.

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Adrienne Baker, director ofEnergy and Mines, believes the

question mining companiesneed to answer today is how

much of a role will renewablesplay in a mine’s energy mix.


Representatives from Glencore’sRaglan mine and its partner TugliqEnergy explained how the northernQuebec nickel and copper mine plansto cut 2.5 million litres of diesel fuelfrom its annual consumption of 60million litres through the installation ofthree wind turbines and a hydrogenfuel cell storage system. (The mine isthe highest diesel consumer in the Arc-tic, due to its lack of access to grid andnatural gas power.) The first three-megawatt (MW) wind turbine wasinstalled in late August.

The cost of renewable energy isbecoming more competitive, and inremote locations like parts of Africa,where grid power is prohibitivelyexpensive or simply not available, solar

and wind farms are being touted as themost viable options.

Ron Halas, Iamgold’s commercialvice-president of South America, high-lighted the benefits of the company’srecent implementation of a massivesolar plant at its open-pit Rosebel goldmine in Suriname. A combination ofthe increasing need for power to minethe lower-grade ore and no additionalhydroelectric capacity at Suriname’smajor hydro facility prompted Iamgoldto partner with the Suriname govern-ment to build a 5 MW solar farm onsite. The project was completed belowbudget, at just under $12 million, inJuly and is now operational.

The farm, composed of more than16,000 panels, makes up a small

amount of the mine’s power use: of the38 MW per day the mine uses, itdraws on the solar plant for 1.4 MW.“I’d be lying if I said it’s our mainsource of power,” Halas said, butadded that “it’s quite an environmentalsaving as well as a cost saving for us.”Iamgold plans to implement a similarsolution at its Essakane gold mine inBurkina Faso, and has set a goal tohave renewable energy constitute 15per cent of its global energy mix inthree to five years.

Several speakers suggested that twocost issues are preventing more miningcompanies from integrating renewablesinto their power mix. The first is theupfront capital investment. For exam-ple, Glencore expects the total costs for

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its trial project at Raglan to come to$22.6 million.

“I’m fond of telling people thatrenewable energy is free, it’s just really,really expensive on the first day,” jokedRobert Lydan, the director of solar andwind at Hatch, in his session on inte-grating renewables. Lydan and multi-ple speakers in other sessions pointedout that most companies would preferto allocate capex to mining activitiesrather than to a power project with alarge initial price tag.

The second cost challenge is theconflict between mine life and powerproject life. Wind and solar farms,with life spans of roughly 20 years ormore, can outlast many deposits by aconsiderable margin, making the

economics of renewable projectsappear uneconomical, especially ifthe mine would be the sole user ofthe power project.

Some speakers suggested the solu-tion lies in innovative power purchaseagreements (PPAs). One example isthe recently signed agreementbetween Rame Energy and MandalayResources, highlighted at the confer-ence, for three recycled 600-kilowattwind turbines to help reduce thereliance on diesel at Mandalay’s CerroBayo underground mine in southernChile. (The turbines were previouslyused in Europe but are durableenough to continue working inChile.) Cerro Bayo’s estimated minelife is five years, while the wind farm

is expected to last 20. Rame and Man-dalay handled the challenge by agree-ing on a PPA that would see Mandalaypay Rame a fixed price for access towind-generated power for five years,with an option to renew afterward. If,however, Cerro Bayo’s life is notextended, Rame will remove the windturbines.

Others see long-lasting renewablepower projects as a chance to leave apositive legacy in isolated communitiesthat previously had no grid connec-tion. “Within these communities,many of them being remote, energy is,in itself, an issue,” Lydan said. “That[renewables] can support the commu-nities that these mining projects are sit-uated in is an enormous value.” CIM

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Last June the newly elected Liberalgovernment of Quebec announced itwas putting aside a $20-million packagein its budget to finance a feasibilitystudy for a new rail line between Pointe-Noire near Sept-Îles, Quebec, and theLabrador Trough. The plan has sincegathered momentum with the Octoberannouncement that Champion Iron hadjoined the government of Quebec andAdriana Resources to form the SociétéFerroviaire du Nord Québécois(SFNQ), a limited partnership that willlook into the viability of a multi-userrailway. This is one of a number of ini-tiatives that comprise the reinvigorated,if more modest, Plan Nord.

Champion has good reasons topush for a direct line to the port ratherthan negotiate access to the existingQuebec North Shore and LabradorRailway (QNS&L), the Iron Ore Com-pany of Canada-owned common car-rier that currently services the area.“We don’t want to go to the IOC portin Sept-Îles, we want to connect toPointe-Noire,” said Suzie Kim, corpo-rate communications and public rela-tions at Champion. The company hasalready reserved 10 million tonnes ofcapacity at the new multi-user wharf inPointe-Noire, which should be fullycommissioned by 2015. Besides, anagreement with QNS&L would be “toocostly,” said Kim. The company’s in-kind contribution to the feasibilitystudy will consist of $6 million worthof sunk costs from its own transporta-tion studies.

Although no timetable for the proj-ect has been announced yet, it hasalready been decided that the SFNQfeasibility study will take a phasedapproach. Phase 1 will look into theviability of a multi-user railway fromthe Pointe-Noire multi-user wharf tothe Fermont area of Quebec, whereChampion has its Fire Lake Northiron ore project. Only if this first seg-ment is economically viable would an

Quebec’s Plan Nord 2.0The provincial government moves forward with its revamped northern development program

By Antoine Dion-Ortega

extension of the railway further northbe considered in Phase 2. The secondportion of the line would go all theway to Adriana Resources’ Lac Otel-nuk iron project in Nunavik, Quebec,some 170 kilometres (km) north ofSchefferville.

This phased approach certainlyhelped persuade Adriana to join in.The company decided not to partici-pate in CN’s feasibility study of a simi-lar railway proposed in August 2012,partly because it was designed for asingle line going all the way to LacOtelnuk, according to Allen Palmiere,president and CEO at AdrianaResources. CN’s project had notplanned for enough capacity to allowfor the output from Lac Otelnuk,which could reach up to 50 milliontonnes per year. “They weren’t in aposition to include our tonnage in theirvolumes, and without our tonnage,they didn’t have a viable railway,” saidPalmiere. “The tonnage that is neces-sary for a railway to be economicallyviable is roughly 80 million tonnes,which they didn’t have.” CN ended updropping the project in February 2013.

A piece of a larger puzzleThe SFQN is only one piece of the

so-called Plan Nord 2.0, a milder ver-sion of the original Plan Nord, whichwas launched in 2011 by former Que-bec premier Jean Charest but hobbledby a change of government and fallingcommodity prices. The initial plan wassupposed to generate $80 billion inprivate and public investment over 25years, create or secure 20,000 jobs, andbring $14 million in benefits to gov-ernment coffers. Much less ambitious,the Plan Nord 2.0 focuses on a 2015–20 timeline.

Besides the SFQN, the governmentset aside $63 million in its 2014–15budget for its Plan Nord Fund to fixRoute 389 to Fermont and the James BayRoad to Radisson, and to extend Route138 on the North Shore beyondKegashka – all of which serve key areasof Plan Nord territory. The budget alsoincluded $1 billion set aside for the Cap-ital Mines Hydrocarbons Fund to financefuture venture investments in oil and gasand mining projects, and $100 millionfor the training of skilled labour in north-ern and aboriginal communities.

news

Champion Iron has joined the government of Quebec and Adriana Resources to form the Société Ferroviaire duNord Québécois (SFNQ) to carry out a feasibility study for a multi-user railway between Pointe-Noire (above) nearSept-Îles, Quebec, and the Labrador Trough.

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L'Université du Québec en Abitibi-Témiscamingue (UQAT) etl'Institut canadien des mines, de la métallurgie et du pétrole (ICM)

vous invitent à Rouyn-Noranda, Québec, Canada, du 14 au 17 juin 2015,à l'occasion du Symposium 2015 sur l'environnement et les mines.

Le Symposium est le résultat d'une collaboration entre l’Institut de recherche en mines etenvironnement (IRME) UQAT-Polytechnique, l'Unité de recherche et de service entechnologie minérale (URSTM), et de nombreux acteurs des gouvernements et desentreprises minières.Les objectifs du Symposium visent à partager les connaissances les plus récentes et àdiscuter des expériences pratiques afin de « trouver des solutions pour concilier rentabilitéet protection de l’environnement ».

DIMANCHE 14 JUIN : COURS INTENSIFS

LUNDI ET MARDI 15 ET 16 JUIN : PROGRAMME TECHNIQUE PORTANT SUR :

Rejets miniers • Remblais souterrains • Roches stériles • Prédiction de la qualité des eaux

• Traitement des eaux • Restauration des sites• Réglementation/société

• Innovation (nouvelles tendances)Traduction simultanée :

Français-Anglais / Anglais-Français

MERCREDI 17 JUIN : VISITES DE SITES

Suivez les publications de l’ICM pour plus de détails et visitez notre site web à :

ROUYN-NORANDA2015.CIM.ORG

RÉSERVEZ CES DATES

Pour plus d’information, contactez : Nadia Bakka (ICM) : 514-939-2710, x. 1333, [email protected]

SUR L’ENVIRONNEMENT ET LES MINESMINES AND THE ENVIRONMENT

SYMPOSIUM 2015 • ROUYN-NORANDA


news

These initiatives are currently goingthrough the legislative process. Bill 11was submitted on Sept. 30 by the min-ister of energy and natural resources,

Pierre Arcand, to set up the Société duPlan Nord (SPN), which would act as afacilitator for territories in Quebec northof the 49th parallel. Its mandate would

be to coordinate the development of nat-ural resource projects in this region andto ensure they are consistent with thegovernment’s long-term vision. “TheSPN will act as a one-stop shop for min-ing companies,” said Jean Masson, asso-ciate at Fasken Martineau. “It is currentlydifficult to develop in northern regionsbecause mining companies must knockat many doors to get their permits, andthere are many inconsistencies betweenthe different ministerial policies. Projectsthus take too long before beingapproved.”

The SPN will get its financingthrough the Plan Nord Fund, which willbe mostly funded with income taxes andcharges resulting from the exploitationof natural resources in the North, as wellas an annual $10 million contributionfrom Hydro-Québec until 2017. TheSPN will have to submit its strategic planwith goals and deadlines for approval bythe government. But before that, it willhave to consult its shareholders assem-bly, which will include northern andaboriginal communities. No timetablehas been introduced yet.

Finally, the provincial budget planson a $50-million investment in GazMétro to help expand its liquified naturalgas plant in Montreal, which is aimed atsupplying mining projects in the north-ern regions.

Quebec Premier Philippe Couillardwas swift to promote the Plan Nord 2.0in person in China at the end of October.He even managed to meet with the Chi-nese minister of land and resources,Jiang Daming, who committed tospreading the word about the develop-ment initiative with the Chinese businesscommunity.

The government is clearly betting ona recovery of the iron ore market, whichhas been slowing down in recent years.“We are dressing up nice for when theprices go up again,” said Masson. “Wewill need to attract Chinese and Indianinvestors.” CIM

magazine.cim.org

EDITORIAL CALENDAR2015

FEBRUARY Hot prospects: Airborne Logistics A focus on surveying exploration and development

MARCH/ Energy management: Advances Project APRIL Getting the most for in flotation construction your kilowatt-hour is more important than ever

MAY Management strategies: Underground Education Unlocking the potential equipment & training inside each person

JUNE/ Names to know 2015: Communications Maintenance JULY Movers and shakers that are making waves in the business

AUGUST/ The oil sands edition: Fleet Open pit SEPTEMBER It’s anything but mining management business as usual in Canada’s largest export industry

OCTOBER Mineral processing: Process Underground Good business depends monitoring mining on knowing your surroundings

NOVEMBER Environmental Assaying Milling performance: Good & testing business depends on knowing your surroundings

DECEMBER/ Outlook 2016: 3D modelling Information JANUARY Perspectives for technology success in the next 12 months


news

En juin dernier, le nouveau gou-vernement libéral du Québec a annoncéqu’il allouerait 20 millions $ de sonbudget au financement d’une étude defaisabilité relative à la construction d’unenouvelle ligne de chemin de fer entrePointe-Noire, près de Sept-Îles, et lafosse du Labrador. Le projet a pris del’ampleur en octobre, lorsque la sociétéChampion Iron Ltd a annoncé qu’elle sejoignait au gouvernement du Québec età Adriana Resources pour former laSociété ferroviaire du Nord québécois(SFNQ), une société en commandite quiétudiera la viabilité d’un chemin de fermulti-usager. Mais ce n’est là que l’unedes nombreuses initiatives prévues parle nouveau Plan Nord.

Champion Iron Ltd a toutes les raisonsd’insister pour obtenir un accès direct auport de Pointe-Noire plutôt que denégocier auprès de la Compagnie minièreIOC un accès à son chemin de fer, letransporteur public Quebec North Shoreand Labrador (QNS&L), qui dessert larégion. « L’accès au port d’IOC à Sept-Îlesne nous intéresse pas, nous voulons êtredirectement reliés au terminal de Pointe-Noire », expliquait Suzie Kim, chargéedes communications corporatives et desrelations publiques chez Champion. Lasociété a déjà réservé une capacité detransbordement de 10 millions de tonnesau nouveau quai multi-usager de Pointe-Noire, qui devrait être totalement opéra-tionnel en 2015. De plus, une ententeavec QNS&L s’avèrerait « trop coû-teuse », ajoutait Mme Kim. La contribu-tion en nature de la société à l’étude defaisabilité se chiffrera à 6 millions $ decoûts irrécupérables tirés de ses propresétudes sur le transport.

Bien qu’aucun calendrier n’ait encoreété annoncé, il est déjà convenu que l’é-tude de faisabilité s’étendra sur deuxphases. La phase I se penchera sur la via-bilité d’un lien ferroviaire multi-usagerdu quai de Pointe-Noire à la région deFermont, au Québec, où Championsouhaite développer son projet de mine

Québec : Vers un Plan Nord 2.0Le gouvernement provincial relance son plan de développement du Nord québécois

Par Antoine Dion-Ortega

de fer Fire Lake North. La phase II nesera envisagée qu’à condition que ce pre-mier segment soit économiquementviable. Ce deuxième tronçon de la lignese rendrait jusqu’au projet de mine defer de Lac Otelnuk d’Adriana Resources,dans le Nunavik, à quelque 170 kms aunord de Schefferville.

Ce sectionnement par phases a indé-niablement contribué à convaincre Adri-ana Resources de se joindre à l’étude. Lasociété avait décidé de ne pas participerà l’étude de faisabilité lancée par la Com-pagnie des chemins de fer nationaux duCanada (CN) en août 2012 pour un pro-jet similaire, en partie parce qu’elleenvisageait une seule ligne menant à LacOtelnuk, expliquait Allen Palmiere,président et directeur général à AdrianaResources. La capacité prévue au titre duprojet du CN ne permettait pas d’inclurela production de Lac Otelnuk, qui pour-rait atteindre 50 millions de tonnes paran. « Le CN n’était pas en mesure d’in-clure notre tonnage dans ses volumes, etsans notre tonnage, son projet ferroviaire

n’était pas viable », indiquait M.Palmiere. « Le tonnage nécessaire pourqu’un chemin de fer soit économique-ment viable est d’environ 80 millions detonnes, ce dont le CN ne disposait pas. »Le CN a fini par abandonner le projet enfévrier 2013.

La pièce d’un plus grand puzzleLa SFNQ ne constitue que l’une des

nombreuses initiatives du Plan Nord2.0, une version moins virulente du PlanNord initial lancé en 2011 par l’ancienpremier ministre Jean Charest, maisdont l’élan avait été freiné par le change-ment de gouvernement et la baisse desprix des métaux de base. Le plan initialétait censé générer des investissementsprivés et publics de 80 milliards $ sur 25ans, créer ou consolider 20 000 emploiset renflouer les caisses de l’État grâce àdes retombées de 14 millions $. Moinsambitieux, le Plan Nord 2.0 table sur uncalendrier plus court, de 2015 à 2020.

Outre la SFNQ, le gouvernementréserve 63 millions $ de son budget2014-2015 pour le Fonds du Plan Nord,somme qui servira à la réfection dezones importantes visées par le PlanNord, à savoir la route 389 vers Fermontet la route de la baie James vers Radis-son, ainsi que le prolongement de laroute 138 au-delà de Kegaska, dans lamunicipalité de la Côte-Nord. Le budgetréserve également 1 milliard $ au fondsCapital Mines Hydrocarbures, quiservira à financer d’éventuels investisse-ments à risques dans les projets miniers,gaziers et pétroliers. Enfin, 100 millions$ seront alloués à la formation d’unemain-d’œuvre qualifiée dans les com-munautés nordiques et autochtones.

Ces initiatives sont actuellementsoumises à toutes les étapes du proces-sus législatif. Le projet de loi 11 a étédéposé le 30 septembre par le ministrede l’énergie et des ressources naturellesPierre Arcand pour mettre sur pied laSociété du Plan Nord (SPN), qui tiendralieu de facilitateur dans les territoires

La société ferroviaire du Nord québécois examinera laviabilité d’un chemin de fer multi-usager entre Sept-Îles et la région de Fermont, au Québec, où se trouvele projet Fire Lake North (photo ci-dessus) deChampion Iron Limited.

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québécois au nord du 49e parallèle. Samission consistera à coordonner ledéveloppement de projets portant surles ressources naturelles en s’assurant

qu’ils sont conformes à la vision à longterme du gouvernement. « La SPNservira de guichet unique pour lessociétés minières », expliquait Jean Mas-

son, associé à Fasken Martineau. « Dansle contexte actuel, il est difficile dedévelopper des projets dans le Nord ; eneffet, quand une compagnie minièresouhaite réaliser un projet, elle doit sedémener pour obtenir les permis néces-saires et se trouve souvent confrontéeaux incohérences entre les politiques desdifférents ministères. Les approbationsdes projets prennent souvent trop detemps. »

La SPN sera commanditée par leFonds du Plan Nord, qui sera lui-mêmefinancé par les impôts et les taxes sur lerevenu générés par l’exploitation desressources naturelles dans le Nord, aux-quels viendra s’ajouter une contributionannuelle d’Hydro-Québec de 10 mil-lions $ jusqu’en 2017. La SPN devradéposer une demande d’approbation deson plan stratégique, contenant objectifset échéanciers, auprès du gouverne-ment. Elle devra toutefois consulter sonassemblée des partenaires au préalable,qui inclura les communautés nordiqueset autochtones. Aucun calendrier n’aencore été présenté.

Enfin, le budget provincial table surun investissement de 50 millions $ dansGaz Métro pour soutenir le développe-ment de son usine de gaz naturel liquéfiéà Montréal, destinée à approvisionner lesprojets miniers des régions nordiques.

Le premier ministre Philippe Couil-lard aura été prompt à promouvoir sonPlan Nord 2.0 en personne lors de sonséjour en Chine à la fin du mois d’octo-bre. Il est même parvenu à obtenir unerencontre avec le ministre chinois desterres et des ressources Jian Daming,lequel s’est engagé à faire passer le mes-sage auprès de la communauté desaffaires chinoise.

Le gouvernement mise clairement surune reprise du marché du minerai de fer,qui connaît un ralentissement cesdernières années. « Nous disposeronsd’une stratégie attirante au moment oùles prix remonteront », indiquait M.Masson. « Nous aurons besoin d’in-vestisseurs de Chine et d’Inde. » ICM


news

magazine.cim.org/fr-ca

FÉVRIER Zones prometteuses : Levé Logistique pleins feux sur aéroporté l’exploration et le développement

MARS/AVRIL La gestion de l’énergie : Les progrès Construction exploiter au mieux vos en matière de projet kilowattheures est plus de flottation important que jamais

MAI Stratégies de gestion : Équipement Éducation libérer le potentiel caché souterrain & formation en chacun de nous

JUIN/ Les noms à Communications Entretien JUILLET connaître en 2015 : des personnes influentes qui font bouger le secteur

AOÛT/ Édition consacrée aux Gestion Exploitation SEPTEMBRE sables bitumineux : de la flotte à ciel ouvert la plus grande industrie d’exportation du Canada sort vraiment de l’ordinaire

OCTOBRE Minéralurgie : Surveillance Exploitation au cœur de la des opérations minière transformation des souterraine roches en richesses

NOVEMBRE Performance Dosage Fraisageenvironnementale : & testle succès de vos activités dépend de la connaissance que vous avez de votre environnement

DÉCEMBRE/ Perspectives 2016 : Modélisation Technologies JANVIER perspectives de réussite en 3D de l’information pour les 12 mois à venir

CALENDRIER RÉDACTIONNEL2015

The Université du Québec en Abitibi-Témiscamingue (UQAT) andthe Canadian Institute of Mining, Metallurgy and Petroleum (CIM),

invite you to Rouyn-Noranda, Québec, Canada, to attend the Symposium2015 on Mines and the Environment, from June 14 to 17, 2015.

The Symposium is the result of collaboration between the Research Institute on Mines andEnvironment (RIME) UQAT-Polytechnique, the Unité de recherche et de service entechnologie minérale (URSTM) and many actors governments and mining companies.The objectives of the Symposium are to share recent knowledge and research developmentsand to discuss common practices to find solutions that reconcile profitability andenvironmental protection.

SUNDAY, JUNE 14: SHORT COURSES

MONDAY, JUNE 15 & TUESDAY, JUNE 16: TECHNICAL PROGRAM ADDRESSING THE FOLLOWING SUBJECTS:

Tailings • Underground Backfill • Sterile Rocks • Prediction of Water Quality • Water Treatment

• Sites Restoration • Regulations/Society • Innovation (New Trends)

Simultaneous translation will be available from French to English / English to French

WEDNESDAY, JUNE 17: SITE TOURS

Information will be available in the CIM publications and visit our website for more details at:

ROUYN-NORANDA2015.CIM.ORG

For more information, contact:Nadia Bakka (CIM): 514-939-2710, x. 1333, [email protected]

MINES AND THE ENVIRONMENTSUR L’ENVIRONNEMENT ET LES MINES

SYMPOSIUM 2015 • ROUYN-NORANDA

MARK YOUR CALENDAR

G old investors are a pretty unhappy bunch these days.The pullback in both the price of bullion and goldshares has seen many people lose a lot of money. But

what might be more disheartening yet is that – over thecourse of the great bull market between 2000 and 2013,when gold went from US$250 per ounce (oz) toUS$1,900/oz at its height – many of these same people didnot make money then either.

There has been no shortage of explanations as to why goldshares performed so poorly. Some say exchange-traded funds(ETFs) drew money away while others point to cost-pushinflation. But none of these withstand scrutiny. Instead, what

we find is that there is something inherently structural totoday’s gold sector that mitigates profits for investors in thisspace.

We can get some perspective if we look at what happenedin oil and base metals, two sectors that also enjoyed a strongbull market in their respective underlying commodity pricesduring this time. Here, industry also had to contend with ris-ing input costs and tight labour conditions, but unlike gold,shares in oil and base metals did provide investors with solidreturns.

The secret behind the better performance of oil and basemetal shares is not difficult to discern – the financial per-formance of these companies, as expressed in retained earn-ings and dividends, also did well. The same cannot be said ofgold companies, whose underlying performance fared aboutas well as the shares did: not well at all.

So gold shares underperformed; and it was not becauseETFs “sucked money away” but simply because the goldmining industry was a poor place to do business, even withthe tailwind of a rising gold price. And simple input costinflation cannot be cited as the reason, with the counter-examples of oil and base metal companies in plain sight.

The gold space, as an asset class, has macroeconomiccharacteristics distinct from other asset classes like stocksand bonds, and these characteristics become more attrac-tive when the competing asset classes fall out of favour. Butat the same time, gold is a tiny asset class compared tostocks and bonds. To put this into perspective, the market

Where did all the gold money go?

BY DOUG POLLITT


F I N A N C E

value of U.S. stocks is about 100 times that of gold stocksand that of U.S. bonds is about 200 times that of goldstocks. In this way, it only takes a small trickle out of suchasset classes and into the gold space to be very disruptive.But what if there is no good place for this deluge of incom-ing capital to go?

The oil business again provides insight. A lot of moneyalso flowed into this patch: in particular into the Albertan oilsands. But here, there were opportunities to deploy capital inoil sands development projects that were sufficiently robustso as to provide investors with decent return.

Recent gold investment flows, on the other hand, can becompared to trying to fill a shot glass with apitcher full of water. (The shot glass repre-sents the relative size of the viable gold sec-tor and the pitcher represents financialinvestment.) The shot glass gets filled, buteveryone else at the table gets wet.

Unlike the oil sands, there were not, atthe outset of the bull market, field upon

field of sub-marginal gold opportunities to exploit shouldthe price rise. The gold just was not there. Testament tothis assertion is that the billions and billions of dollars’worth of investment in the sector triggered no supplyresponse at all.

But the money flowed in anyway – lots and lots of it. Andmoney never rests. It has to go somewhere, even if there isnowhere good for it to go. Too much money chasing too fewopportunities drove down the cost of capital and this easymoney led to poor investment decisions, as it always does.There will be a new cycle and when it comes, there will bemuch more money chasing far fewer opportunities.

Deposits at producing mines are in secular declinewhile the drills have stopped turning. Meanwhile, six yearsof quantitative easing has resulted in more credit than ever.This portends very well for the gold price in the longerterm. But unless the gold industry can find the disciplineto resist the temptation of cheap, bountiful capital,investors should remain mindful of the lessons of the lastcycle and stay cautious and discerning, as difficult as thatwill be. CIM

Doug Pollitt graduated from the department of mining and metallurgicalengineering at McGill University in the early ’90s and spent the next decadewriting software code for machine vision applications. Just as the market fortechnology was taking off, Pollitt opted to move downtown and become ananalyst at brokerage Pollitt & Co. Inc. in the gold space, the market for whichwas moving in the opposite direction. He has never been a good trader. He liveswith his wife and three kids in Toronto.

The billions and billions of dollars’ worth of investment in the sector triggered no supply response at all.

TIONINTELLIGENT EXPLORA ATION

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accounting principles) to better comprehend the real valueof NCREs for the mining industry. This new vision shiftsaccounting priorities away from analyzing the value ofNCREs using the income statement (and the focus on prof-its and losses) and instead toward the balance sheet. Simi-larly, the focus should shift towards “cumulative savings” byviewing BAU energy as a long-term liability and NCRE as along-term asset. Therefore I propose the industry adoptnew energy metrics and key performance indicators (KPIs)linked to balance sheets and mining business valuation.

If you propose an NCRE project to many experiencedmining managers or NCRE developers, often the first thingthey will turn to is the income statement. Most operationalmanagers know the income statement is where their per-formance is ultimately recorded in profits and losses. Herethey look for any potential savings from an NCRE projectand may argue that the large upfront capital investment willnegatively affect the company’s credit rating.

D uring the commodity boom, mining companies werefocused on ramping up production and investing innew capital projects to expand supply. It was a time

when the income statement was the key management para-digm in mining economics. Now, however, the global min-ing industry has refocused on cost control and capitaldiscipline. Investors today value firms based less on howmuch they mine and more on how efficiently they do so,and how well they mitigate risk. In this new scenario, non-conventional renewable energy (NCRE) sources such asbiomass crops, small-hydro, geothermal plants, concen-trated solar power mirrors, wind turbines or solar panelscan lower energy risks in mining. Why? Because renewablefacilities act as mining assets whereas business as usual(BAU) energy options such as coal, diesel and gas, and evenconventional hydro, become mining liabilities.

Proponents of NCRE projects need to develop newfinancial intelligence (i.e. knowledge of finance and

Financial innovation on renewablesBY ARNOLDUS M. VAN DEN HURK


R E N E W A B L E E N E R G Y

ON BUDGET. AHEAD OF SCHEDULE.WORLD-CLASS SAFETY.

Mining | Processing | Infrastructure | Environment

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Rio Tinto Alcan AP60 Phase 1 Aluminum Smelter Project, Quebec


– transforms threats into opportunities and perceived liabil-ities into mining assets. CIM

However, if you try giving the same set of NCRE projectfinancials to an experienced Toronto fund investor or a vet-eran board member of a mining company, the first state-ment they will turn to is usually the balance sheet. Herethey look for figures that might prove the value of renew-able facilities as long-term assets (which in turn couldincrease company value), how these numbers may lead to afall in the weighted average cost of capital, and how theprojected value of the business showsan upwards trend to eventuallyimprove a company’s credit rating. Ifthe projections are promising, theywill allocate the upfront capex due tothe attractive return on investmentand the building of long-term share-holder equity.

Nevertheless, at present, manyNCRE project promoters at miningcompanies do not analyze investmentopportunities using a balance sheet.Therefore they see the large initial costand want to avoid financing theupfront investment counterbalance;consequently the projects end upbeing abandoned.

In order to accurately communicatethe value renewable facilities have,everyone must speak the same lan-guage. The first step toward accuratelycomparing BAU energy and NCRE isto keep other operational variablesaffecting the profitability of the mineconstant (e.g. commodity prices, min-eral ore grade and any otherexpenses). The second is to accountfor the expected increase in price forthe BAU model based on internationalstandards set by the InternationalEnergy Agency. These are the funda-mentals of the methodology I employfor evaluating NCRE projects. Thesemetrics are designed to help NCREproject proponents, mine managers,investors and directors of companiesunderstand the projects they areworking on from the same point ofview. Renewable energy options inmining will grow along with thevolatility of diesel prices. Demand forspace and capex are the main handi-caps for renewables in other indus-tries. However, in mining, space is notan issue, and financial intelligence –by developing innovative financialmodels such as the one described here

columns

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The number of applications for Canadian Industry that are delivering cost savings.

Arnoldus van den Hurk, PhD, is the founder and CEO of r4mining.com, anindependent blog about financial innovation on renewable energy in the miningand oil and gas industry. Van den Hurk has extensive professional experience ingeology, mining engineering, finance and renewable energies. He recentlypresented his r4mining methodology at the Renewables and Mining Summitand Exhibition in Toronto. Info @r4mining.com, www.r4mining.com.

One of our clients, the Canadian subsidiary of a large east-ern European mining company, held safety to be paramount.However, the culture of its parent assumed that if someone gothurt on the job, they had not followed the rules. These are twowidely different attitudes toward safety, even within the samecompany. Therefore, I propose a new approach to the cultureof safety in meeting rooms founded on “Intentional Teams.”

This is a team where members feel comfortable and have thecommunication skills to respectfully speak up about stickyissues, one that promotes a culture where safety can be a top pri-ority. In return, these concerns must be listened to and givencareful consideration. This ensures the emotional and psycho-logical safety of everyone on the team. When team members arefree to raise inconvenient or unpalatable truths, the team is morelikely to face tough issues head on and solve them. On the otherhand, when teams are in denial or have a culture with unnamedelephants in the room, dangerous things can happen. Thus,safety in the meeting room helps ensure safety in the field.

A highly functioning Intentional Team has four characteris-tics: a sense of direction for the work it must do together thatis shared and compelling; flexible leadership; a performancemindset; and an inclusive culture that supports performance.Intentional Teams are disciplined, aligned and focused ongoals. A World Cup champion soccer team, a Formula One pitcrew, and a high-performing project team in a mining com-pany all embody these characteristics.

One of our mining clients had a situation where young, front-line supervisors in an engineering, procurement and construc-tion management (EPCM) company found it difficult to holdolder staff accountable for safety procedures. If veteran staffmembers took shortcuts, their supervisors were uncomfortableinsisting that they follow the right processes. A manager in ourclient’s company noticed this reticence but when he tried to raisethe issue with his counterpart in the EPCM company in a meet-ing, he was accused of being fussy and could not get any traction.

While the safety issue was eventually addressed, it raised a redflag that the culture of the team was not fully supporting safetyin the field. It all begins with the internal dynamics of the team.In a mining company where raising difficult issues is supportedin the team’s culture, the chances of a problem with safety in thefield are reduced because problems are discussed openly.

Sometimes, good comes from bad. In one company, a heavypiece of equipment fell 1,000 metres to the bottom of a mine-shaft. While no one was hurt, production at the mine was sus-pended and restoration was risky. An engaged, intentionalrestoration team got things up and running without injury andthis team won its organization’s International Safety Award. CIM

T he devastating explosion of the NASA space shuttle Chal-lenger in 1986 was witnessed by millions. Just 73 sec-onds into its flight, Challenger broke apart, killing the

seven astronauts on-board. An investigative commission afterthe disaster delved into the underlying organizational and cul-tural issues at NASA, and determined that the structure anddecision-making processes of the organization were flawed,and safety had been compromised.

NASA’s problem was that its values had changed from takingthe time to be “inquisitive to a fault” to “faster, better, cheaper.”When the latter prevailed, business managers shut down dia-logue with engineers who kept raising issues about safety in themeetings. And make no mistake, those engineers raised tangi-ble problems. It became psychologically and emotionallyunsafe, however, for engineers to bring up these issues becausethey were ridiculed and overruled by their business managers.

Mining today is international, and safety is just as impor-tant here as it is in space travel. Raising concerns about safetyin a meeting increases safety in the field, where the stakes andhealth risks are higher. But different cultures have varyingapproaches to safety, which can cause conflict.

The safety to speak outBY ESTHER EWING


Esther Ewing is a co-founder and partner of Big Tree Strategies, a consultingfirm for senior executives who are in charge of teams managing large capitalprojects that are critical to their organization’s success. Many clients of BigTree Strategies are in the mining industry.

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An innovative process to develop the Clear Hillsiron/vanadium deposit in northwestern Alberta hasthe potential to unlock more than 300 billion tonnesof iron trapped in similar oolitic ore deposits across

the globe. While oolitic iron deposits are abundant in severalcountries including China, Algeria, Russia, and Canada, theyhave been impossible to exploit on a commercial scale. Iron-stone Resources Ltd. and Hatch Ltd. are hoping to change allthis with a new iron beneficiation technique to produce directreduced iron (DRI) from oolitic deposits: the Hatch-IronstoneChloride Segregation process (HICS).

Ironstone Resources was founded and incorporated in2007, with the aim of developing the enormous potential atClear Hills, which it acquired that same year. The deposit hadpreviously undergone extensive exploration and drilling in the1950s and early 1960s, but has been sitting idle for nearly 50years. In the 1960s and 1970s, the Alberta Research Council(ARC) even looked into chloride segregation as a means ofopening up the resource and patented some of its advances(e.g., the “Grain Enlargement Process”). However, that researchnever made it out of the lab. As Ironstone CEO Barry Caplanexplains, developing the deposit simply did not make financialsense at that time: “In those days, with iron concentrates sellingfor $30 a ton, it didn’t prove to be economic, because a lot ofthese rich iron deposits in Australia and Brazil came on streamand precluded commercial development in Clear Hills.”

Aware of the previous research and the now-expired ARCpatents, Ironstone was able to collaborate with the originalresearchers, and former project leader Ed Bertram was hired asan advisor early on. Ironstone then went searching for partnersto help develop a commercial process, eventually selectingMississauga-based Hatch in early 2011.

While chloride segregation techniques have been devel-oped with various degrees of success at small lab-scale for lat-eritic nickel deposits, adapting the technology to iron is asignificant and innovative step. As Victor Hernandez-Avila, aprocess specialist with Hatch, points out, the obstacles to com-mercial development have revolved around the technicalprocess rather than the chemistry. “[The issue] was not somuch about the chemistry, as [it was] the commercial imple-mentation of such a chemistry,” he explains. A paper presentedat this year’s Conference of Metallurgists and co-authored byHatch and Ironstone employees, reiterates this point, noting:“There is considerable understanding of the basic chemistryand thermodynamics of the chloride segregation process. Theimplementation of such knowledge into developing a com-mercial process to extract [nickel, copper or iron] has provedto be challenging.”

The challenge with oolitic depositsAside from occasional experimental forays, most oolitic

iron deposits have been left alone, and for good reason. Thedeposits have a number of challenging characteristics thatmake traditional methods of iron beneficiation (or even directreduction) inadequate in several respects. First, the low con-centration of iron and relatively high levels of silica and phos-phorous render standard techniques unfeasible. Themineralogy of oolitic iron is often non magnetic and thereforecannot be concentrated by magnetic separation. Second, theminerals that do contain iron are extremely fine and randomlyscattered among ooids, so even after the micro-grinding nec-essary to separate them is completed they cannot be concen-trated by flotation. Third, a significant fraction of phosphorousis part of the iron-bearing crystal itself, so mechanical means

Ironstone andHatch developmetallurgical keyNew chloride segregation processcould open up oolitic iron reservesaround the worldBy Chris Balcom

Workers at the Hazen demonstration plantmagnetically separate metallic ironproduced by chloride segregation.

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of separation cannot be employed. “The content of iron is low,the content of silica is too high, and the phosphorous is toohigh,” sums up Hernandez-Avila.

The solutionHICS is a pyrometallurgical process capable of turning

iron ore into at least a 90 per cent metallic iron productthrough direct reduction. The process revolves around form-ing an iron chloride, vapourizing the iron and leaving behindthe phosphorous and waste (which may contain other eco-nomic minerals such as vanadium). Then, a reaction withcarbon (through added coal) reduces the iron chloride intometallic iron.

Eighty per cent of the HICS process involves conventionalDRI technology. Indeed, the first two of the five HICS stages,ore preparation and calcination, rely entirely on conventionaltechnology and the waste heat of later stages. The third stage,described as “the heart of the process” by Liam Murphy, a geol-ogist with Ironstone, is the chloride segregation itself, and hesays it involves some custom equipment including a speciallydesigned kiln. Once the iron has been transformed into itsmetallic form, it is concentrated by magnetic separators in thefourth stage (at which point byproducts such as vanadium canbe extracted from the remaining tails). In the final stage it isagglomerated into hot briquetted iron.

With Hatch leading the way, the partners have been work-ing with two testing plants in the United States: HazenResearch in Golden, Colorado, and FLSmidth in Bethlehem,Pennsylvania. So far, HICS has been demonstrated at a contin-uous laboratory scale, and testing recently concluded atHazen, processing at four kilograms per hour (kg/h). The out-comes have been encouraging so far, Hernandez-Avila says:“We got very good results there.” They are now planning tomove to the FLSmidth facilities to begin some pilot testing oncommercially scalable equipment. In the coming year, theyaim to ramp up to testing to 100 kg/h. With that under theirbelt, they intend to attract more investment and demonstratethe process on a commercial scale at a demonstration pilotplant just south of Clear Hills, in Hines Creek, Alberta. So fararound $30 million has been invested in the project, andanother $50 million will be needed through the demonstrationphase. Total capital expenditure estimates to begin productionat Clear Hills, which Ironstone hopes to have operationalwithin the next five years, stands at $1.75 billion.

EconomicsGiven the current low price of iron, it may seem like an odd

time to invest in such a technology. But Hatch and Ironstoneare thinking long term and want to be ready when the goodquality iron ore deposits run out, at which point more chal-lenging deposits will come into play. “If we don’t work at itnow, we won’t have the right technology to process theresources when they are depleted,” Hernandez-Avila explains.

As far as the Clear Hills deposit goes, Ironstone is confidentin the profitability of the project for a number of reasons. Themine has a minimum of 50 years of production, and Ironstone

aims to put out 2.5 million tonnes a year at full production ofhot briquetted iron, a scrap metal-like product that sells forroughly $450 a tonne today. The company could also produceup to 20 million pounds of vanadium pentoxide each year ineither flake or electrolyte form, making Ironstone one of thelargest vanadium producers on the continent. Furthermore,the Ironstone team hopes to capture enough waste heat to sellas much as 500 megawatts of power back to the grid and useit to power its own operations. There is also a coal depositpractically on site that could potentially allow for further sav-ings, as coal is a necessary input for the process. “We will havea very profitable venture here because we’re able to reduce ouroperating expenses, and we’re able to sell two very high-valueproducts,” says Caplan.

Of course, Ironstone and Hatch plan to license the process,with Hatch leading the marketing push. They have agreed toshare the HICS intellectual property rights 50:50, whileFLSmidth will own the rights to any custom equipment devel-oped by them for the process. The companies have already ini-tiated a discussion with some interested parties and expectthings to really take off once commercial-scale testing is com-pleted at FLSmidth. “We’re quite encouraged by the level ofwork, and we’re very impressed with the results to date,” saysCaplan. “I think it’s fair to say that [Hatch has] gone beyondwhat our early expectations were.” CIM



Afriendly but vital debate took place at the plenary dis-cussion at the recent Conference of Metallurgists 2014,held in Vancouver from Sept. 28 to Oct. 1. Four metal-lurgy industry experts tackled the question of whether

companies are better served by striving for operational excel-lence – making small changes to tweak current plant designsand processes – or pursuing technological step changes.

As Boyd Davis, the COM 2014 conference chair anddebate convener (as well as president of Kingston ProcessMetallurgy), put it in his opening remarks, “This is especiallycurrent given the number of large capital projects that haveexperienced significant cost overruns this decade.” Thattrack record, he noted, has prompted companies to turninwards for revenue increases through operational improve-ments instead of investing in capital projects or new tech-nologies. But how will this reaction affect the long-termsuccess of the industry?

Nils Voermann, the global managing director of technolo-gies at Hatch, and Jean-François Turgeon, executive vice- president of Tronox, argued the value of technological stepchange. For the operational excellence side were P.J. MackeyTechnology president Phillip Mackey, and Michael Agnew,principal at Michael Agnew Inc.

Where should companies put their money? You can decide,based on the arguments made during the debate.

Improving performance Step change: While the proponents of step change tech-

nology are not opposed to the idea of operational excellence,they argue that there are limits to what it can achieve. “Onlynew technology can enable a significant step change in pro-ductivity, financial performance or environmental perform-ance,” notes Voermann.

Operational excellence: Mackey and Agnew concede thathuge leaps in performance will require new gadgets, but notethat a poorly run plant is in no position to attempt using newtechnology anyway. “Operational excellence is a prerequisite tothe evaluation of options before implementing change,” readone of Mackey’s slides. “At the very least,” adds Agnew, “it pro-vides a solid baseline to evaluate options and is essential for asmooth implementation of change.”

Competitive environmentStep change: “Our colleagues in the Far East are much less

afraid of new technology – trying new things, and if it doesn’twork, fixing it and getting on with life,” says Voermann. “Wework in a competitive environment, and we have to thinkabout what others are doing and make sure we’re technologi-cally ahead.”

Operational excellence: A lack of step changes is notwhat is holding back many operators. Plants must renewtheir assets, even ahead of step changes, says Mackey. Equallyimportant, he notes, are renewing the skills of the workers:“It’s disappointing that some of the new owners of plants inCanada don’t seem as interested in getting their operators toconferences.”

Time pressureOperational excellence: The timeline to development is

an important issue, argues Agnew. “It’s difficult with a cyclicindustry like ours to maintain an initiative [like speedingtechnological development]” for 10 or 20 years. And newtechnology, even if it does eventually work, can take a longtime to ramp up. Improving operational excellence, on theother hand, follows a relatively simple set of guidelines andprinciples that can be implemented at minimal cost andnearly immediately. “As a shareholder, wouldn’t you like toread in the annual report: ‘The EBITDA of our companyincreased due to operational improvements at the plant andhigher throughputs?’” Mackey asks. “You get your dividend,and the share price goes up.”

Step change: “Our business is cyclical,” agrees Turgeon,“but the last place you want to cut when you’re at the bottomof the cycle is in R&D.” At the top of the cycle, he says, whenyou are flush with cash, you cannot suddenly spend more inR&D and expect a proportional return on investment. “Youbetter invest with a stable base in R&D. If you kill it whenyou’re in a down cycle, you destroy your business. Yes, it’s dif-ficult, but if we want to have successful businesses, we haveto believe in it.” It does take a long time to implement andscale up new technologies, says Voermann, adding, “There-fore the process has to be started now if it’s to happen in 10years.”

Step changevs. operationalexcellenceMetallurgy debate hopes tospark wider discussionBy Ian Ewing

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From left to right: Michael Agnew, Philip Mackey,Jean-François Turgeon, Nils Voermann and

COM 2014 conference chair Boyd Davis

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RiskOperational excellence: A major reason companies hesi-

tate to invest in new technology is the risk of failure afterspending millions of dollars on a wrong-headed research proj-ect. “We see people get wide-eyed about some chemistry orsome physical thing,” notes Boyd, “but they spend too muchtime focused on that one element, without looking at the bigpicture early enough.”

Step change: People fear long and uncertain schedules,blown budgets and uncertainty about the benefits, agreesVoermann. “Risk can be managed, though,” he says. Lookingat the track records of individual projects, he explains, the datademonstrates the importance of risk mitigation, not that newtechnology should be avoided. “The risk has to equal thereward, but if we just assume that all risk is to be avoided, wewill stay stuck where we are with 100-year-old technology,” hecontends. Turgeon points out that good project management,like using a stage-gate approach, can help ensure money isspent wisely.

Directing the talentOperational excellence: Attracting and keeping key staff

are the most important things a plant can do to achieve oper-ational excellence, says Mackey, who recently visited severalplants around the world and is now reporting on his find-ings. He says maintaining a high level of training, upgradingold equipment, and doing energy audits can all minimizelong-term costs and maximize a plant’s operating factor.

Step change: Tronox’s pigment plant in Hamilton, Missis-sippi is already one of the lowest-cost plants in the world,but the company wants to improve. Putting aside a small,permanent team to focus on step change is one way the com-pany prepares itself for the future, says Turgeon: “What canwe do differently to really change the dynamic, change theposition of the facility, to make sure the plant will be there in10 years?”

In conclusionAll four experts agreed that a balance is needed between the

two strategies. “People might be thinking that operationalexcellence is the default position and happens when we donothing, all by itself,” points out Agnew. “That’s not the case.You have to work hard at it.” But, Mackey adds, “You would,if you were smart, [also] do some R&D.” He hopes the climatein industry will swing back to renewed investment in R&Dbecause if it does not, he expects to see western plants close ascompanies fall behind their global competitors.

The debaters were also in agreement about the ideal fundingmodel for research, settling on joint industry and governmentinitiatives. “Government has figured out recently that researchand staying ahead in technology is a competitive advantage forCanada, and that some of the tax dollars that mining compa-nies pay should be reinvested in that,” says Voermann. “But ifthe government funds it alone, you can get off track. To haveindustry literally buy in is a good way of doing it.” CIM



Collaboration between Kingston Process Metallurgy(KPM) and Barrick Gold has resulted in the develop-ment of a two-inch continuous fluid bed roaster thatshould allow inexpensive testing of small ore sam-

ples, like those from drill core from prospective projects.“Our two-inch roaster can process a small amount of

material and get representative results to quantitatively eval-uate a new ore behaviour or the valuation of an ore body,”says Alain Roy, co-founder of KPM.

In a paper KPM presented at the Conference of Metallur-gists 2014, the company describes two testing campaignsthat show their new equipment can both obtain results rep-resentative of production-scale roasters and help optimizethe process parameters for unique ore compositions. Eachtest run, meanwhile, consumes as little as a few hundredgrams of sample material, making testing faster and cheaper.

“We wanted to find a process that would give us morescalable results, use less sample, have a faster turnaroundtime, and a lower cost,” says Peter Lind, manager of the Bar-rick Technology Centre in Vancouver, describing why hiscompany was interested in developing effective smaller-scaletesting technology. “We want to test 100 samples of the orebody, instead of one big composite where all our uncertaintyis focused on that one sample.”

Refractory oresOne of the major challenges to economically recovering

gold from many ore bodies is the presence of certain impuri-ties, like sulphides, organic carbon or arsenic, which canmake the ore resistant to normal processing techniques likecyanidation and carbon adsorption. These so-called refrac-tory ores require pre-treatment to allow effective recovery ofthe gold.

During roasting, a common pre-treatment method, finelymilled ore is exposed to oxygen at high temperatures. Chem-ical reactions take place between the gas and the solid

refractory ore, converting the impurities within the ore intogaseous compounds, such as sulphur dioxide, carbon diox-ide and arsenic oxides, which are released from the rock andexpelled from the roaster, leaving behind ore that can be eas-ily processed by standard methods.

“The idea during the roast is to find a condition where wecan remove the arsenic and remove the carbon without caus-ing any other problems,” explains Roy. “If you just heat it upand aren’t careful with what you do, you will form somearsenic minerals that will be stable in the ore, and then youcannot extract your gold.”

The right treatment can increase gold recovery to upwardsof 90 per cent. But the wrong treatment – at too high a tem-perature or with too much oxygen – can cause unwantedsolid compounds to form in the ore, limiting gold recoveryto as little as 10 per cent or less.

Finding the right treatment has not traditionally beencheap. Production-scale roasters, which may measureupwards of 10 feet in diameter and stand several storeys tall,should not be used for testing and development. Pilot roast-ers, typically six to eight inches in diameter, consume hun-dreds of kilograms of ore to perform a single test. Runningoptimization tests quickly becomes prohibitively expensiveor even impossible, if the source material is drill core samplesfrom a prospective site.

Until now, the alternative was to use bench-scale batchrotary roasters, although they are known for giving highlyvariable results when treating arsenic-rich ore, most likelydue to imperfect gas-solid mixing in the roaster and lackof accurate control of the test parameters. “People weredoing small-scale batch roasting in rotary reactors,” saysKPM project leader Trevor LeBel, “but nobody wouldreally trust it for arsenic containing material because youcould do it three times and get three different results.”

An alternative is to use a small-scale, two-inch fluidizedbed reactor, in which gas is blown upwards through a bed of

Processingrefractory oresgets easier withnew equipmentKPM develops two-inch fluid bed roaster By Ian Ewing

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Process engineer Ashwin Gupta does a final inspection of the two-inch fluid bed components, beforeperforming a gold ore roasting experiment.

would be in its plant. “Otherwise, they have to run it in theirplant, and if they get bad results, it costs millions of dollars,”says Roy. “They can send us one kilogram of a sample, werun it, and they have something that will represent what theywould get in their plant.”

A fruitful collaborationThroughout the development process, the two companies

maintained a close and complementary working relation-ship. Each company brought its expertise to bear – Barricksupplied its knowledge of mineralogy and hydrometallurgi-cal processing, and the KPM team provided its proficiency atpyrometallurgical processing and the development of customlaboratory equipment. Both companies expect to benefitfrom the collaboration.

“For us, there’s a pretty keen interest to work this out,”says Lind. “Roasting is becoming of more interest for a lot ofprojects, because there are benefits in terms of capital costsand operating costs.”

“So far with this unit, most of the work we’ve done hasbeen on gold roasting, but there are lots of other opportuni-ties for the fluid bed to test out reactions,” adds KPM’s LeBel.“We definitely expect to gain some new business with thisroaster.” CIM

fine particulates, causing the solid particles to behave muchlike a fluid. Fluid bed reactors, more than batch rotary roast-ers, generate good gas-solid mixing and allow for good con-trol of the key process parameters. This was previouslyattempted in other laboratories, but without meeting expec-tations. KPM was challenged by Pascal Coursol, then withBarrick, to build and demonstrate a two-inch fluid bed reac-tor that would reliably produce results representative of full-scale operation.

It can’t be done!…One of the main obstacles to building a small fluidized

bed roaster is maintaining sufficient control of pressures andtemperatures to sustain fluidization and ensure even heating.“People have done this successfully before in a roaster thatwas much larger than ours, like four inches or six inches indiameter,” adds Roy. “That’s better than a plant, but it stillneeds tens of kilos or hundreds of kilos of the ore.” Whenworking from drill core samples from new projects, that isstill too much material. If the test uses concentrate producedfrom flotation of drill core ore samples, the cost increaseseven more.

“It was a question of saying, ‘It has to be possible,’” saysRoy. “There’s no physical reason why it would not be possi-ble, and we’ll make it work. But we had to prove to peoplethat it works. We designed carefully, using a large number ofinstruments and controls. But you have to have ways tomeasure your key parameters without putting a bunch ofprobes directly in the bed,” which would disturb the bed andprevent fluidization.

So building the bench-scale fluidized bed roaster camedown to solving one fairly prosaic problem: How do youinclude all the necessary instrumentation in a two-inch-widechamber?

…Or can it?The answer was not anything revolutionary: persistence

and creativity. Careful consideration of the possible configu-rations – and several rebuilds, trying different configurations– eventually led KPM to success.

In the tests described in its paper, the company aimed firstto replicate the results that Barrick obtained in its plant-scaleroasters, ensuring its base case was representative of full-scale roasting.

Having reliably replicated Barrick’s results, KPM’s teamthen explored the conditions that would permit the bestextraction of arsenic from the ore and subsequently allow thebest gold recovery during normal processing. Two-phaseroasting – one lower-oxygen phase to drive off the arsenic,then a higher-oxygen phase at higher temperature to burn offthe remaining carbon – was found to maximize gold recoveryas was expected.

By succeeding at replicating Barrick’s results, Roy says,KPM has proved the mining giant can now send a small sam-ple to test and accurately predict what the recovery rate


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Terry McNulty’s 1998 paper Managing Innovation in theMinerals Industry was a seminal work, revealing thatpoor plant start-up performance, even in the applica-tion of innovative technology, is usually the result of

mismanagement. McNulty, who began his career at AnacondaCopper in Montana and is now a mineral processing and met-allurgical consultant, has been hailed as a guru. He has pre-sented regular revisions to his paper, updating the score sheet,as it were, of successful and unsuccessful plant start-up casestudies. His latest update was at the Conference of Metallur-gists 2014 in Vancouver, B.C.

CIM: What were the findings of your original paper? McNulty: I began my research in 1998 with the impression thatinnovation is inherently risky, and the more innovative, theriskier it was. But when I pored through the 41 case historiesin our files, I found a number of examples of plants that startedup very poorly, even though they used proven technologiesand weren’t really innovative. By the time I began writing myfindings, I had become convinced that innovation, per se, isnot excessively risky if development and implementation arecarried out responsibly.

CIM: How did it change the way companies managedinnovation?McNulty: The paper provided some guidance in managing risk:If you manage the risks properly, if you do everything right,your plant could achieve 100 per cent of design capacity in thefirst year. If you miss any key aspects, it’s going to slow thingsdown. And in the extreme case, you could run out of funds atthe end of the first year, making your investors unhappy and,worse, putting a black eye on the mining industry anddiscouraging investors from participating in future projects.

The first year is not going to be perfect. Delays areinevitable, so let’s just face it and try to minimize those delaysso we can make the project as good as it can possibly be.

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Equal partsinnovationand riskmanagementTerry McNulty has had ameteoric impact on theminerals processing industryby Correy Baldwin

The paper seemed to bring people’s thinking around. Therewas a broad endorsement of the notion that you can expressproject success by gauging the level of preparedness and thequality of decision-making information. And people startedusing this way of measuring risk to prioritize new opportuni-ties and applying those criteria to the ramp up of projects.

CIM: What is the industry’s attitude today?McNulty: Our industry’s approach toward building somethingnew has become much more sharply focused on minimizingrisk, from technological risk to financial risk. We’ve gotten alot better at what we’re doing. Companies today want to be thesecond to adopt innovative technology, not the first, butoverall I think they are doing a better job of managingtechnical risk.

We’ve become a lot more realistic, and a lot more introspec-tive and self-critical. An important part of this is CanadianNational Instrument 43-101. It alone has changed the land-scape an awful lot, because it has forced people to do theirhomework before seeking investment from the public. Thathas been a major factor in reducing the number of failures. Ifyou’re going to do an NI 43-101, your senior management hasto be really committed to doing it right, and that forces themto ask a lot of hard questions and to become more involved inwhat’s going on.

CIM: You presented an updated paper at COM 2014. What wereyou trying to get across?McNulty: I was trying to emphasize that risk management hasbecome an industry-wide gauge of how to evaluateopportunities and that there have been some real successes.


We’ve been focusing for the last 15 years or so on how to keepa project from being a bad one. Let’s look at the other end ofthe spectrum, at the chances that a project is going to be reallygood, and how we can make it even better. We may be doingourselves a disservice by expecting them to not be perfect.That has worked its way into how we project cash flows fornew projects and how we do NI 43-101 studies. We have tobe very realistic, and we have to do our homework, but wedon’t want to be overly pessimistic.

CIM: Your original paper emphasized the importance of pilottesting and use of contract laboratories. How significant arecontract labs today?McNulty: If anything, the number of contract laboratoriesduring the last 20 years has declined. The United StatesBureau of Mines closed in 1996, and that’s where a lot of earlyprocess development work took place. That took away atechnical strength that our industry had relied on for a longtime. There was a time when all major mining companies hadtheir own R&D organizations, but that all ended around 1980.They decided that they couldn’t afford that luxury, and nearlyall of them eventually closed their labs, which was a realshame.

CIM: Does this mean we have lost a lot of capacity?McNulty: Yes. In the mid-1990s there were maybe 1,500 to2,000 professionals engaged in the U.S. in different technicalorganizations. That has diminished quite a bit. The total nowis probably well under 1,000 globally.

CIM: And despite this we’ve become better at managing risk?McNulty: Part of it is that we’re able to do things moreefficiently now, with computing software like Metsim. We canmanipulate information better now, and there’s betterinstrumentation available, for everythingfrom running assays to measuring flowrates and doing material balances.

We’re also seeing fewer of the megapilot plants, because some companieshave found that you don’t have to have abig pilot plant to get good results. It has tobe very well run and fully instrumented,but it can be run on a pretty small scale.

CIM: You have advocated for morecooperative research development andjoint efforts. Have you seen an increase inthis?McNulty: In the late-1990s it looked likethat was going to happen. Back then, inthe U.S., the Electric Power ResearchInstitute (“EPRI”) had made a major effortto encourage mining companies tocooperate with public utilities intechnology development, but EPRIfunding was withdrawn after a few years.

The U.S. Department of Energy launched a similar initiative,but budget cuts closed the program. Australian companies anduniversities seem to be doing a pretty good job of jointlydeveloping technologies, but that hasn’t happened at all in theUnited States. It’s been a big fat zero, and I’m not sure why thatis. It’s been a big disappointment.

CIM: What would you like to see the industry doing differently?McNulty: Over the last 20 years or so, senior management hasbecome so concerned about meeting a financial target thattechnology has slipped to the background. We’re taking apretty short-range perspective on the future, and you can’t doa good job of innovating in any industry unless you encouragethe development of ideas that may not bear fruit for 15 or 20years. There are, of course, good examples of this happening,but it seems to depend on individuals or on theirmanagement.

I’d also like to see the industry increasing support of uni-versities, not so much in a financial sense, but by making moreinternships available for college students to work at a miningoperation.

CIM: What are your suggestions to those about to startcommissioning a plant?McNulty: Projects in the development and design stagesmust be evaluated critically by outside advisors, ifpossible. Otherwise, in-house technical experts must beable to withstand intense questioning by seniormanagement and their directors. Owners of projectsentering the commissioning stage should recognize amarvelous opportunity for supervisors and operators tobenefit from the knowledge and experience of vendors’technical service personnel and the engineering firm’scommissioning staff. CIM


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FERTILITY ISSUESIt has been an eventful year for potash. The market was in

turmoil for much of 2014 – the result of Russian-based Ural-kali’s withdrawal from the Belarus-led cartel BPC – but todayprices are up and demand has reached new heights. PaulBurnside, Potash Consultant at the CRU Group, explains thatalthough underlying consumption is good, the surge indemand can be deceptive.

“The second half of 2013 was very weak on demandbecause of so much uncertainty over pricing, and peoplepreferred to draw down inventories,” says Burnside. Whenbuyers did come back, demand was strong, but thisincluded a lot of restocking. Actual consumption, hewarns, “has responded to lower prices but is not as strongas apparent demand would indicate.” The European andNorth American markets are both mature, while China andIndia have not met expectations in recent years. The stand-out performer is Brazil, which is almost entirely import-dependent. It is also a major producer of sugar cane and is

opening up large amounts of agricultural land with poorersoil, both activities requiring heavy application of fertilizer.

A lot of new capacity is coming online. Much of this is inCanada, with PotashCorp being the most aggressive, includingits newly commissioned Picadilly project in New Brunswick.“There’s been a lot of investment in building capacity, and nowthis new capacity is coming on stream, but the industry’sapproach to pricing hasn’t promoted demand growth,” saysBurnside. Consumption, he says, now must increase steadilyif the market is going to absorb this new capacity.

The key to curbing overproduction will be industry disci-pline, notes Burnside. However, the recent brine inflow thathas halted production at Uralkali’s Solikamsk-2 mine will alsoplay a role. The mine accounts for 2.8 per cent of global capac-ity, and it is uncertain whether the mine will have to be aban-doned. While producers in North America, with their newcapacity, could easily replace what has been lost, Burnsidesays, “Uralkali’s prognosis is likely to influence forthcomingprice negotiations with China and other buyers.” – Correy Baldwin

TO GET YOU STARTED ON 2015 WE TAKE A LOOK AT 30DIFFERENT METALS AND MINERALS. THIS SPECIALFEATURE OFFERS A REVIEW OF THE PAST YEAR – THEGROWING TRENDS, THE UNFORESEEN EVENTS – ANDEXPLORES WHAT IS ON THE HORIZON. WITH THISSAMPLING OF MAJOR COMMODITIES AND SPECIALTYMINERALS, WE HOPE YOU WILL FIND A USEFUL GUIDE

FOR THE YEAR AHEAD.

Illustration by Christian Northeast

COMMODITYSPOTLIGHT


In Europe, investors are waiting to see if the European Cen-tral Bank’s one-trillion-euro stimulus in the sluggish eurozonewill shock the economy back to life. “We don’t expect spec-tacular growth there, but aside from near-term weakness, wesee some stability in the European economies,” Dragosits says.These factors, and better growth in the U.S. in the comingyears, will drive zinc demand.

Canada produces roughly 5.4 per cent of the world’s totalsupply of refined zinc. The country’s newest contributors areGlencore’s Bracemac-McLeod mine in Quebec, which beganproduction in 2013, and HudBay Minerals’ Lalor mine inManitoba, where mine construction was completed this year.In anticipation of higher prices, Canadian firms are exploringfor the metal throughout the country, with a few promisingresults. – Graham Lanktree

The opening ceremonies at HudBay’s Lalor mine

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Hudbay’s Lalor zinc, gold andcopper mine is 210 kilometres

east of Flin Flon Manitoba.

COMING ON STRONGThe world’s largest zinc mines are closing and it is hard to

underestimate the impact this will have on prices for the basemetal.

The third quarter of 2015 will see Australia’s huge Centuryzinc mine end production after putting out more than455,000 tonnes this year and 488,233 tonnes in 2013.

Last year Glencore wound down production at theBrunswick and Perseverance mines in Canada, taking a largeshare of supply with them too. “That’s the major driver whywe see zinc prices moving a lot higher in the years to come,”says Mike Dragosits, senior commodity strategist at TD Secu-rities, citing the fizzling out of other large mines in Ireland(Vedanta) and Peru.

At current rates, some analysts expect 14 per cent of zincconcentrate production to evaporate before 2016. Despite pro-duction increasing in India, Mexico, and China, these projectsare churning out lower grades at smaller mines.

“We’re forecasting a deficit in the market over the next fewyears,” said Dragosits. “The anticipation of those much largerdeficits in the years to come is going to move the market aheadof fundamentals a little bit,” says Dragosits. Throughout 2015,he adds, zinc will trend upwards, hitting highs just before2016. Annual average forecast prices in 2015 sit at US$2,480per tonne with a year-end quarterly average of US$2,513 pertonne.

Zinc is currently listed around US$2,220 per tonne, witha more muted outlook in the next couple of months. Despitegrowth in the U.S. economy, Dragosits says, the market rightnow is overshadowed by the economic slowdown in bothChina and Europe.

“China is undergoing a slowing regime kicked off by gov-ernment officials positioning to put the economy on a better-quality growth track,” he says. Officials have tamped down onthe property market, which will impact prices over the nextfew months, he adds. Dragosits’s view is that China will even-tually stabilize and return to drive demand for base metals likezinc, which is used in nuclear reactors, steel, rubber and themanufacture of sunscreens and dietary supplements, as wellas to preserve lumber for construction and galvanize iron.


SALTSalt miners will be hoping winter lasts well into 2015. Last year’s harsh

and extended season was a boon to mining operations, which faced recorddemand for rock salt from municipalities struggling to deal with winter roadmaintenance. – Chris Balcom

TINWhen Indonesian tin exports came to a sudden stop in 2014, an unlikely

country was able to help fill the supply gap: Myanmar. After a series of wide-ranging reforms, which have opened up the country diplomatically and com-mercially, the long-isolated Southeast Asian state has positioned itself as a newfrontier for the mining sector. Myanmar is expected to produce as much as 10per cent of world tin output in 2015, selling primarily to China. – Chris Balcom

TUNGSTENThe largest tungsten mine outside of China, Cantung mine in the Northwest

Territories is expected to shut down in 2015. Though Chinese tungsten cur-rently dominates the market, non-Chinese supply is expected to grow in thecoming years as developing projects enter production. One notable example isthe Drakelands mine, Britain’s first new metal mine in more than 40 years. – Chris Balcom

CADMIUMSamsung’s new cadmium-free Quantum Dot TV will hit the market next

year, removing the metal altogether from the cheaper technology set to chal-lenge organic light-emitting diode TVs that cost three times as much. As themetal is phased out of many commercial electronics, prices have steadily slidfor the last five years. Cadmium prices remain relatively stagnant nearUS$0.90/lb, down from US$0.93/lb in December 2013. – Graham Lanktree

TALCPlastics from Tupperware to car interiors are made of talc-hardened

polypropylene. Based on solid demand and prices for the mineral that range,depending on grade, from the low hundreds to US$1,000 per tonne, ImerysTalc is expanding its production facilities in Timmins, Ontario, to increaseits output and make it competitive with higher-grade imports. – Graham Lanktree

THE DIFFERENCE ONE YEAR MAKES

Gill Winckler can be excused forlooking a little shell-shocked standing atthe podium, telling the story of what hashappened to her thermal coal mine inthe year since she last spoke at the CoalAssociation of Canada’s annual confer-ence.

In 2013 the president and CEO ofCoalspur Mines was busy preparing tobuild the company’s Vista thermal coalmine in Alberta – a project that wasfully engineered, had most of its per-mits, and was already planning to con-struct a first-phase, six milliontonne-per-year plant. The companyhad also secured about $350 million ofthe $500 million project cost.

In September 2013, it was widelybelieved that the Newcastle thermal coalspot price of US$77 per tonne (US$/t)was at the bottom, having dropped 11per cent from the year before, in turn 28per cent off of prices the year before that.“It went south instead, and today the spotprice is US$66/t,” said Winckler. “Notonly is the price down, but the expecta-tions have gone down for a few years.”

This downturn in thermal coal hasoccurred in lockstep with metallurgicalcoal – a situation where prices continueto creep downwards in response to aglut. “It’s just a terrible time for oversup-ply in thermal coal,” lamented WoodMackenzie coal price analyst Joe Aldina,who pointed to Indonesia as a large con-tributor to the thermal coal oversupply.Wood Mackenzie predicts the oversupplysituation will persist through 2020,although prices will rise in 2015.

So what is a company like Coalspur todo? Winckler has focused the companyon adding value to the asset by creatingcertainty around construction costs andmaking mine design improvements. Anongoing strategic review is consideringvarious options: looking to recapitalize,maybe a joint venture, or selling the assetoutright.

“We’ve got a project that is ready togo,” concluded Winckler. “It’s differentfrom last year, but we know Vista will bebuilt.”

– Christopher Pollon

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MAGNESIUMLast year China accounted for about 80 per cent of

the global magnesium output. The metal is the world’seighth most abundant element and is very lightweight,making it an important component in automobile man-ufacturing and the aviation industry. Demand for mag-nesium is expected to rise, driven largely by growingChinese consumption. – Chris Balcom

TITANIUMBoeing has forecasted requiring 36,770 new planes

by 2033, a projection that is up 4.2 per cent from lastyear. This is good news for the titanium industry, whoselargest market remains the aerospace industry. Boeingis currently stockpiling titanium due to American-Russian tension over Ukraine, which contains importantdeposits of the metal. – Correy Baldwin

Airplanes areassembled at Boeing’sEverett factory nearSeattle, Washington.

ALUMINUMAfter years of depressed prices, aluminum saw a

small upswing in 2014, a trend that is expected to con-tinue into the new year. But while the cost of aluminumhas increased, and both global supply and demand areexperiencing growth, China’s massive production capa-bilities are putting pressure on western producers.

“The growth and demand for aluminum worldwideand in China has actually been quite good for manyyears,” says Patricia Mohr, a commodity market special-ist at Scotiabank. “It’s really a growth industry withinthe metal and mineral space.”

In the western world market, there is an aluminumsupply deficit of more than one million tonnes. Globalaluminum consumption is also expected to be up sevenper cent in 2014, after a 5½ per cent gain in 2013. Theincrease, Mohr says, is likely attributable to another yearof “record global auto production.” More aluminum isbeing used in automobiles now to reduce their weightand to drive down fuel consumption.

According to Mohr, the 2014 price of aluminumshould average at 85 cents per pound, a slight improve-ment from 84 cents in 2013. In 2015 the average priceis expected to increase further to 92 cents. “The marketconditions are improving this year,” Mohr says, whichis a “welcome development” for Canada’s aluminumsmelters in Quebec and northern British Columbia,which produced 2.86 million tonnes in 2014.

However, China’s aluminum production has pre-sented a challenge for western producers. The country’smassive demand is considered a growth area, but withit producing just over half of the world’s aluminum thisyear (27.6 million tonnes of the world’s 53.7 milliontonnes), there is little need for importing from othercountries.

“Because China thought to become self-sufficient andmaintain its self-sufficiency in producing aluminum,”Mohr says, “it kind of limited the ability of western sup-pliers to actually export much aluminum into China.”It is also why prices have been weaker for the past fewyears.

“But we seem to be pulling out of that, and rest-of-world demand has been improving,” she says. “And sofor aluminum producers the overall economics of sup-ply and demand worldwide are improving.” – Kelsey Rolfe

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Junior explorer-turned-developerStornoway Dia-monds owns theRenard project inQuebec’s James BayRegion. Against abackdrop of dimin-ishing diamondsupplies and risingglobal demand, thecompany finalizeda landmark multi-party financingagreement in April,raising a cool $946million in a com-plex arrangementof debt, equity and

streaming deals. The financing, from three major investorsincluding the Quebec government, will see the companythrough construction of the $752 million Renard mine tocash flow-positive production (1.5 to 2.0 million carats peryear) in 2017. Stornoway president and CEO Matt Mansonspoke about making that deal.

CIM: How were you able to convinceinvestors to put their faith in you, and thisproject, in a resource market that has seenmany other, more established companies failto attract investment?Manson: The orthodoxy in this business is that youraise a bit of equity here, a bit of debt there – you layer iton. We didn’t have that luxury. Everybody who was inter-ested in financing our project wanted to see the completedeal. We put the effort in, over most of 18 months or twoyears, to negotiate all the elements of the project financ-ing simultaneously. Half the job was getting all the peopletogether, and the other half was doing the shuttle diplo-macy to get all the pieces working. We’ve now become

the model for that. Other companies with similar projectslooking to finance in this market are all looking to seehow Stornoway did it.

CIM: What was the hardest part of negotiations?Manson: There were deals that we walked away from. Inthe course of being out there for two years, doing the shuttlediplomacy, trying to put together a consortium of financiers,all of whom could be compatible with each other, there weresome deals that we were offered that we passed on. Miningcompanies have to have the courage to say no occasionallyto a deal.

CIM: As part of the Quebec’s Plan Nord, thegovernment also built 143 kilometres of the240-km highway extension to the mine. Wouldthis project have gone forward withoutthat all-season road to site?Manson: No, I don’t think so. The road defines our costprofile. We don’t have to buy all of our diesel in the fall, wedon’t have to build a new winter road every year, we don’thave to store everything at site, and we don’t have to fly inour consumables. Having the road makes us a bread-and-butter Quebec mine, with a bread-and-butter cost profileand a bread-and-butter risk profile.

CIM: Do you think the province will make its$330-million investment in the road backfrom the profits of your mine?Manson: We have an 11-year mine life on the mineralreserve, and it’s a 20-year mine life potentially on the currentresource. If that’s what we get, it’ll make it back on our minealone. But the road wasn’t built for our mine alone. There’sa tourism agenda there, it’s important to the local commu-nities including the Crees, and there’s a vision to extend itfurther north, where there are other [resource] projects. Ithink this is a classic example of the government thinkingahead and building regional infrastructure for the purposeof catalyzing general economic development. We’re a step-ping stone that allows that to happen. – Ian Ewing

Former Barrick Gold CEO Aaron Regent is once againmaking big waves. In a deal announced in October, hisToronto-based private equity company, Magris ResourcesLtd., is taking over Iamgold’s Niobec mine in Quebec for$500 million.

Aside from the niobium mine, one of only three in theworld, the deal also includes a nearby rare earth deposit.Magris and its financial partners have agreed to pay an addi-tional $30 million for this deposit if it enters production. Nio-bium is used primarily to strengthen steel. Barrick showedRegent the door two years ago during a difficult period for the

AARON REGENT’S MAGRIS RESOURCES BUYS NIOBECcompany’s share prices. His return to the mining business hasseen support from noteworthy investors: Singapore’s sovereignwealth fund Temasek Holdings and CEF Holdings Ltd., aHong Kong investment firm owned jointly by Cheung KongHoldings Ltd. and CIBC.

Regent recently told the Financial Post the Niobec dealwould be the “first of many.”

As far as Iamgold is concerned, the sale provides the com-pany with some welcome cash during a difficult time for goldminers. With Niobec out of the company’s hands, Iamgold haspositioned itself as a pure-play gold producer. – Chris Balcom

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A SPARKLING SUCCESS


Electric vehicle manufacturer Tesla Motors expects to be producing lithium-ion batteries for half a million cars a year by2020, more than double the current global production. The batteries will be produced at Tesla’s $5-billion Gigafactory inNevada, slated to enter production in 2017. Back in March, Tesla spokesperson Liz Jarvis-Shean told Bloomberg Businessweekthe company intends to source all of its material from North America, in keeping with the company’s environmental mission.Jarvis-Shean also stated that Tesla plans on reducing its battery cost by at least 30 per cent. Gigafactory production will dra-matically increase demand for key minerals, particularly graphite, lithium and cobalt, and is already raising questions aboutwhat North American sources will be able to keep Tesla running. Tesla’s batteries will not require rare earth elements, but theywill need copper, bauxite and nickel.

GRAPHITEImpact on global demand: To meet projected targets, Teslacould need roughly 126,000 tonnes of flake graphite, repre-senting 34 per cent of the 375,000 tonnes mined in 2013. Thedemand for processed battery-grade material could rise by asmuch as 154 per cent, predicts industrial mineral analystSimon Moores.Current production: While Tesla currently prefers to use syn-thetic graphite sourced from Europe and Japan rather thanflake graphite from mines, the latter is cheaper. Given thecompany’s cost reduction goals, they may need to turn to thenatural product.Where next: China is currently the leading producer andprocessor of mined graphite. Some analysts think Tesla maysource its graphite from new mines opening up in Canada.Canada currently accounts for two per cent of mined graphite,while the United States only has two exploration-stage minesbut produces some of the synthetic variety. – Chris Balcom

COBALTImpact on global demand: Tesla’s plans may require around7,000 tonnes of cobalt per year. According to Industrial Min-erals, this could drive up global cobalt demand by as muchas six per cent, and battery grade demand by 17 per cent.

Current production: The Democratic Republic of the Congo(DRC) holds most of the world’s known cobalt reserves andcurrently produces around 55 per cent of global output. Pre-ferring to avoid the DRC, Tesla Motors currently sources itscobalt from the Philippines.Where next: The United States has some cobalt reserves butit has not mined the mineral in decades. Today, Canada rep-resents roughly six per cent of world production. Some ana-lysts expect that Tesla may end up tapping prospectivesupplies in the American Midwest, alongside existing Cana-dian projects. – Chris Balcom

LITHIUMImpact on global demand: Goldman Sachs predicts theGigafactory could require between 15,000 and 25,000 tonnesof lithium carbonate a year, as much as 17 per cent of currentoutput. However, lithium suppliers are expected to accom-modate rising demand fairly easily. Current production: Chile produced 64 per cent of theworld’s lithium in 2013, followed by Australia at 22 per cent.Where next: There are several potential sources of NorthAmerican lithium for Tesla, including Rockwood Lithium’sbrine operation in Nevada, RB Energy’s shuttered hard rockmine in Quebec, and others. – Chris Balcom

THE GIGAFACTOR

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PLATINUMVancouver-based Ivanhoe Mines received approval in November from

South Africa’s Department of Mineral Resources to proceed with its Platreefproject. The $1.6-billion platinum mine, set to begin production in 2020,will be one of the world’s largest. It is also expected to be the lowest-cost plat-inum mine on the African continent, due in large part to a high level of mech-anization. The project’s approval follows a period of uncertainty in the country:South Africa’s platinum mines were hit by a five-month worker’s strike earlierin 2014, which affected more than 40 per cent of global production. Workersreached a wage deal in June. – Correy Baldwin

PHOSPHATEThe European Commission has added phosphate rock to its Critical Raw

Materials list. The list, first adopted in 2011, is designed to manage the Euro-pean Union’s actions regarding materials considered in critical supply includ-ing encouraging production, promoting research and innovation, andinforming trade negotiations. Phosphate, one of 20 such materials on the list,is an important element of commercial fertilizers and crucial to global foodsecurity. – Correy Baldwin

LEADBHP Billiton has announced it will

shed its non-core business assets, to beheld under a new spinoff companycalled NewCo, valued at $15 billion.One of NewCo’s largest operations willbe the Cannington mine in Queensland,Australia, the largest and lowest-cost sil-ver and lead mine in the world. Can-nington produces around 7 per cent ofthe world’s lead. – Correy Baldwin

URANIUMCameco Corp. saw its stock jump nearly 10 per cent on Nov. 7 with the

announcement that Japanese nuclear reactors, shut down in the wake of the2011 tsunami, would be re-opening. The company, Canada’s largest uraniumproducer, weathered a strike at McArthur River, the world’s largest uraniummine, and finally entered production at Cigar Lake after a long series of tech-nical delays, making 2014 a year not many will forget.

Cameco’s problems and successes have had no small impact on the industryas a whole. Uranium prices rose dramatically during the McArthur River strikebetween August and October, which coincided with the imposition of westernsanctions on Russia, another significant uranium producer. – Chris Balcom

WHAT IS STEELTELLING USABOUT METCOAL?

Preparing for a world without China asthe primary driver of metallurgical coalconsumption was a major preoccupation atthe Coal Association of Canada’s annualmeeting in Vancouver in September, apoint H&W Worldwide Consulting’s J. NeilBristow drove home in an update on thestate of global steel.

“In 2009 China came from nowhere toimport 40 million tonnes of coking coaland then grew significantly from there,”said Bristow. “We’ve had a pretty goodparty, but is the party ending?”

Bristow says Asia is the only region thatis now producing significantly more steelthan before the 2008 financial crisis, withEurope and North American still failing toreturn to 2007–08 output. There is also a“real risk” that Europe will follow Japaninto the doldrums, which spells troubleglobally when it comes to steel productionand met coal. “It’s a very large trading pathof the global economy, and the fact that itis not performing is a major negative forglobal growth.”

Asia too is in flux when it comes tofuture growth of steel production; increas-ingly China will abandon its “exporter tothe world” model and transition to amature economy that caters to domesticconsumers. Steel production is alreadyslowing in China – evidenced, Bristowsays, by the fall of housing prices in 64 of73 centres across China this year.

There are two positives on the horizon:steel producers are increasingly employingblast furnaces to make steel – a process thatrequires more met coal. This trend “willhave an impact on the demand for the pre-mium material,” according to Bristow,which is good news for met coal producersin B.C. The second bonus is that the devel-oping world is going to need a lot of steelto rise out of poverty.

“We should see a doubling of steel con-sumption in the next 25 years,” concludedBristow, noting that emerging markets likeSoutheast Asia, Africa, and especially Indiawill drive demand. “By 2018–19, we’llfinally see a growth picture where Indiawill exceed China.” – Christopher Pollon

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Lake mine enteredproduction in 2014.

COPPERCopper, once the favourite of base metal investors,

has been tarnished since hitting a record US$4.65/lb in2011. Some analysts predict it will slide lower than thisyear’s market price of US$3.16/lb to hold at US$3/lb in2015 as several new mines, including Chile’s SierraGorda, pump supply into the global market.

Over 23 years, Sierra Gorda promises to yield120,000 tonnes of copper annually in its first phase and220,000 tonnes in its second. Still, there is enough soliddemand for the metal to go around that low-cost pro-ducers will not find it difficult to sell their wares. – Graham Lanktree

MOLYBDENUMThe new Sierra Gorda mine in Chile is expected to

put out 10 per cent of the world’s copper supply. Theoperation will also produce enough secondary molyb-denum to drag down the price, especially in the nearterm. The mine is expected to reduce Moly productionlater in its life.

The drop in production later on should favour AvantiMining Inc., contends Graham du Preez, the company’schief financial officer. He says his company, with its puremolybdenum play at the reclaimed Kitsault mine in B.C.set to open in 2017, is positioned for the long game. “Forus, it’s a good opportunity to develop a project that willstart production about the same time Sierra Gorda dropsoff from producing 24,000 tonnes of molybdenum to11,000 tonnes.”

Molybdenum, analysts predict, will hover aroundUS$9 to US$10 per pound in 2015–16. Solid and grow-ing demand for steel, which the metal is used to harden,means that by the end of the decade, du Preez believes,prices will begin to shift upward to US$17/lb after Kit-sault starts up. – Graham Lanktree

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KGHM’s Sierra Gorda joint venture willproduce 483 million pounds of copper,25 million pounds of molybdenum and

64,000 ounces of gold per year.


With oil and gas exploration and production relying moreon the hydraulic fracturing of unconventional shale plays, thedemand for the sand used in the process is increasing dra-matically, and mining companies are transitioning to meet theneed.

Morgan Stanley analysts forecasted a 96 per cent demandgrowth for sand in 2016, from 2013 levels, and have predicteda “prolonged ... supply shortage.”

Vancouver-based Select Sands (formerly La Ronge Gold)acquired two sand assets in 2014, in Lloydminster,Saskatchewan and northeastern Arkansas to help remedy theshortage of premium sands in North America.

“Also, the production side is either stabilizing or goingdown,” noted Rasool Mohammad, Select Sands’ president,explaining that reserves in Wisconsin are depleting and thereis public opposition there to further development. “They’llmine their reserves, they won’t have much reserves left andyou’ll have demand increasing.”

Victory Nickel and Athabasca Minerals are also movingahead with frac sand assets in Medicine Hat and Fort McMur-ray, Alberta, respectively.

The quality of the sand is determined by grain size, round-ness, crush resistance, acid solubility, turbidity, and howagglomerated the grain is. Ideally, the sand should be high-purity quartz, very round, crush resistant, and have limitedclusters and silt. Currently, the primary source for such sandin North America comes from deposits in Wisconsin and Min-nesota. – Kelsey Rolfe

WALKING THE TALKIn the wake of the Indonesian ban on nickel ore exports,

and with the Philippines considering similar legislation, asignificant supply gap in the market may emerge. Prices anddemand will likely increase in the short term: welcomenews for struggling operations like the Ambatovy mine inMadagascar.

Ambatovy is the world’s largest lateritic nickel mine andhas been ramping up production since 2012, but it has strug-gled from the beginning. Toronto-based Sherritt International,the project’s largest stakeholder with 40 per cent, recently cutthis year’s production forecast to between 37,000 and 41,000tonnes of finished nickel from between 40,000 and 45,000tonnes.

The operation mines a near-surface laterite ore which,though far more abundant globally than sulphide deposits,has proven difficult to process effectively. – Chris Balcom

BY A THREADJunior gold companies are coming off a rocky last three

years, with investors leaving the space as the gold pricedecreased; in 2013 alone, it dropped 28 per cent. But 2014saw the price stabilize at $1,300 per ounce, and junior com-panies started to raise a bit more financing.

That period of relative calm is over. “Just when peopleseemed to be getting a little bit comfortable with the gold sec-tor again, prices start going down,” says John Gravelle, theglobal and Canadian mining leader at PricewaterhouseCoop-ers (PwC).

Though junior gold miners are cutting expenses “to bare-bones requirements,” says Gravelle, they are hardier thanexpected. He says PwC has seen some companies delisting,but not very many. However, the cash position of many jun-iors indicates that if conditions continue for a few more years,“a couple hundred” could be forced to leave the exchange, headds.

Gravelle says he had expected to see clusters of companiesmerging to keep costs down and pool resources, but that hasnot happened. “It’s got to be tough times to be in their shoesright now, but they’ve been quite resilient and sticking to theirguns,” he points out.

The TSX Venture has lightened regulatory requirements toallow juniors to raise capital from existing shareholders with-out doing a full prospectus, and is being more flexible withfiling deadlines. It is also looking at similarly reducing theprospectus requirements for rights offerings. – Kelsey Rolfe

FRACKINGAPPEALING

“Just when people seemed to begetting a little bit comfortable

with the gold sector again…”– J. Gravelle

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HOW LOW CAN YOU GO?Oil market analysts are busy reading the tea leaves for

Canada’s oil sands industry after a sudden dip in oil prices.The bottom line? Since oil producers reinvest a majority oftheir cash flow each year in development and exploration, “ameaningful reduction in oil prices means less cash flow isavailable for reinvestment,” says Randy Ollenberger, a man-aging director at BMO Capital Markets, specializing in NorthAmerica’s oil and gas industry.

In late October, Goldman Sachs predicted the price for abarrel of crude will average US$73.75 throughout 2015. Thesupply costs for in-situ oil sands projects generally range from$50 to $80 per oil barrel ($/bbl) and are $70-$100/bbl formining projects. This means mergers and acquisitions arelikely due to low prices, Ollenberger says. But, he adds: “Webelieve there are opportunities for small companies to remainsuccessful.”

With 4.5 million bbl of crude produced in Canada eachday, the sharp price shift means producers could lose roughly$2.5 billion over the year. The Bank of Canada worries that along period of low prices could see investors move theirmoney away from the industry and its supply chain. – Graham Lanktree

HOLDING OUTSilver hit a four-year low in November, and the price, set

through an electronic auction-based fix, has many upset –notably First Majestic Silver CEO Keith Neumeyer. Herecently suggested that silver producers ought to form somekind of cartel to get a better price for their product. In OctoberNeumeyer’s company announced it would be hanging on to934,000 ounces of silver until the market improves.

While many companies are sympathetic to Neumeyer’sposition, such an alliance would certainly be difficult to organ-ize, given that the majority of silver is produced as a secondarymetal. – Chris Balcom

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MORE FOR LESSLarge-scale producers of iron ore are throwing their weight

around as prices continue to sink. Despite shrinking returns,Rio Tinto, BHP Billiton and Vale seem prepared to make short-term sacrifices to secure long-term market share. – Ryan Bergen

RETURN TO REALITY

Avalon Rare Metals is developing the Nechalachoproject in the Northwest Territories.

Concerns over China’s grip on the rare earths market haveabated, and many western companies that saw an influx ofcash during the investment boom triggered by these fearsbetween 2009 and 2011 are struggling.

China produced around 97 per cent of the world’s rareearths in 2010. When the Chinese government indicated thatit would be restricting exports, investors seized the opportu-nity and poured millions into non-Chinese rare earths extrac-tion companies.

At the height of the investment wave, Avalon Rare Metals’share price peaked in 2011 at $9.10. With the bubble nowburst, the company’s stock trades at around 25 cents.Nonetheless, the team at Avalon has been working to improvethe process flowsheet for its hydrometallurgical plant and ishoping that its Nechalacho project in the Northwest Territo-ries will begin producing rare earth elements by 2018.

If Avalon succeeds, Nechalacho will be one of only a hand-ful of rare earths projects outside China. To date the only non-Chinese companies to emerge from the investment frenzy withproducing operations are Australia’s Lynas Corp. and Col-orado-based Molycorp, which has struggled to improve resultsfrom the processing plant at its Mountain Pass operation inCalifornia.

Today the market has slowed and Chinese productionlooks to be stabilizing, accounting for roughly 70 per cent ofworld production, according to a recent report from the Coun-cil on Foreign Relations. – Chris Balcom


M ineral oils, the byproducts ofcrude oil refinement, havedominated the lubrication

market since the 19th century. Whilethey work well at warmer tempera-tures, these oils often contain wax mol-ecules that crystallize when themercury drops, thickening the oil andlimiting its flow.

In an engine, lube needs to get mov-ing quickly once the engine starts.“You’ve got oil down in the sump of theengine, and you’ve got to make surethat that oil flows up to lubricate all thecomponents of the engine as quickly aspossible,” says David Dingle, salesmanager at Imperial Oil distributorRoss Agri.

Cold weather already places certaindemands on an engine: it takes more power to turn the engine over and the performance ofthe battery declines as the temperature goes down. For all these reasons, says Dingle, 80 percent of engine wear can occur during start-up for equipment operating in cold regions. Whilenot all equipment needs to be cold-started – say, if it operates 24/7 or if it is possible to keepthe engine heated – the number of engines running purely for warmth has fallen as moremines implement no-idle policies to reduce fuel costs and emissions.

Lubricants used on open gears, on the other hand, have a unique set of problems. Opengear lubricants are typically high-viscosity and tacky fluids or greases. They need to bepumped through the equipment, lubricating open gears, plain bearings, sliding surfaces andhouse rollers and rails. Some of these applications and the distribution system are directlyexposed to temperatures below -40 degrees Celsius. Pumping system failures result in lubri-cant starvation and component failure.

The first question that arises for open gear lube is if it can be pumped throughout the dis-tribution lines to the points of application at the lowest anticipated temperature. The secondconcern is venting residual pressure within the distribution system. Bret Jenkins, director ofthe mining division at Bel-Ray, points out that lubricant piping and injectors (a lubricantmeasuring device) on a walking dragline with a 300-foot boom build up to 10,000 poundsper square inch (PSI) of pressure to push the lubricant to the point of application. Once themeasured lubricant is applied, the remaining pressure needs to vent to as low as 600 PSI inorder to reset the injectors for the next application of lubricant. “If your lubricant is too thick,it won’t vent,” he says. “The pressure will still be there because you pumped it up.”

Some users address the problem simply by using a less viscous oil in cold temperatures.Dean Hammes, western regional sales manager at U.S.-based Lubrication Engineers, Inc.,

Keeping up with workflowBy Eavan Moore

Engine oil and open gear lubricants excel in temperate climates. But as moreprojects ramp up in Northern Canada, lube manufacturers have been forced to re-evaluate their products to accommodate sub-zero temperatures with additives andsynthetic options.

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Mining operations inarctic environmentspose a unique set ofproblems forlubricantmanufacturers.


technologySS LUBR I C AN T S

says many of his customers will use very thin gear grease inwinter to ensure the lube can make it through the lubricationpump. It slips out of bearings more quickly than thickergrease does once it warms up with use, but for some thatpresents an acceptable trade off.

Jenkins notes, however, that lubricants used in verydemanding applications will need more staying power.“When we’re talking about cold weather in Canada, you stillhave the extreme pressures that you do in Mexico or SouthAmerica because you’re dealing with the same kind of equip-ment,” he says. “Your open gear lubricant needs sufficientviscosity to protect the machine components, but it alsoneeds to be able to get all the points of application and allowthe pumping system to function correctly regardless of howlow the ambient temperature is.”

Mineral oilFor companies using mineral oil in their equipment, the

solution to the thickening problem is a blend of additives.For example, there are additives that keep the wax crystals insolution, lowering the temperature at which the lubricantremains fluid. These are called pour point depressants. Thereare also polymers that contract in the cold so they have noimpact on a fluid’s viscosity and expand in heat to increasefluid viscosity. These types of polymers are known collec-tively as viscosity modifiers or viscosity index improvers.

Viscosity modifiers have existed for a long time. However,they continuously improve in shear stability, according toDingle. “These viscosity modifiers are basically just rubbermolecules, and when you put them under load or undershear, they’ll break down,” he explains. “In the initial periodof use, the viscosity actually drops as these viscosity modifiersshear or break down, and then as the oil continues operating,it starts to thicken up as it oxidizes and gets contaminatedwith soot from the combustion process.” The key, he says, isto make sure the oil stays at an appropriate weight, or grade,throughout its use, and this is something that manufacturershave been better able to manage over time.

SyntheticsFor equipment exposed

to the elements in moredemanding environments,synthetic lubricants offeran increasingly popularalternative.

Synthetic base fluidsare custom molecules.Their composition ismore uniform and theirbehaviour is more pre-dictable than that ofmineral oils. Most

importantly, synthetic fluids remain more pumpable andmobile as the ambient temperature drops than comparablemineral oils. This behaviour is generally true for most typesof synthetic lubricants including engine, gear and hydraulicoils, open gear lubricants and greases.

As a result, synthetics are more flexible. Historically, oper-ators using mineral oil have changed their oil grade by theseason; Dingle says a mine might use 15W-40 in summerand 10W-30 in winter. But the cost of oil changes adds up.The right synthetic can be used year-round.

Poly-alpha-olefin (PAO) can be used as the base fluid of asynthetic lube. A lubricant manufacturer might use otheradditives as well. For example, the Mobil 5W-40 and 0W-40oils are formulated by starting with a lower viscosity oil andadding viscosity modifiers. “A Mobil Delvac 1 ESP 0W-40 ora Mobil Delvac 1 ESP 5W-40 is a lighter oil but it acts like a40-weight oil at operating temperatures,” says Dingle.

The right mixA full synthetic can cost several times more than a mineral

oil-based lubricant. There is also the choice of semi-syntheticlubricant, which occupies the middle ground of price andperformance.

When would a mine want to invest in synthetic lube? Itdepends on many factors including the application. CarlosNazario, a senior product manager at Bel-Ray, recommends afull synthetic gear oil if the application needs a lubricant withgood fluidity below -25 degrees Celsius. An enclosed gearcase is a good example of such an application. However, ifthe application is an open gear set, he’d recommend a semi- synthetic gear lubricant.

The risk involved in trying out a synthetic lube has less-ened over the years. Before PAOs came to the forefront,diester-based lubes and other synthetics caused problemswith seal material and painted reservoirs, says Terry Thomas,technical services advisor at distributor Star West Petroleum.He adds that they also lacked backwards compatibility.

One fluid fits allAt the same time, mine operators want to simplify their

lube shopping and use. Jenkins says original equipmentmanufacturers (OEMs) used to make recommendations orput specific products on their approved list, but the morerecent trend is for an OEM to provide specifications and letmines find their own solutions.

“The trick is to have one lubricant that will work in thesummer and the winter, and it doesn’t matter what the OEMis, it’ll still qualify for their specifications,” says Jenkins. Thatcan be tricky. For instance, one useful additive is the metalcompound molybdenum disulfide (Moly), which creates aprotective coat on the component surface. The gear greasefor some mine equipment at a specific site might not be ableto have more than three per cent Moly, while other equip-

ment at the same mine might have an OEMspecification requiring five per cent Moly.Sometimes there is no way around this, but

The Mobil Delvac 1 ESP 0W-40 is formulatedby starting with a lower viscosity oil andadding viscosity modifiers.

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Jenkins says Bel-Ray has hadsome success in getting OEMs totest and approve its three percent Moly grease for other uses.“It outperforms many of theapproved five per cent Molygreases,” he explains.

Hammes says Caterpillar setsindustry standards. Because Catbegan requiring five per centMoly, Lubrication Engineersrecently developed a new five percent Moly product specifically forpins and bushings used in the mining indus-try. “Caterpillar has been at the forefront to specify coldweather products for its off-road equipment,” agreesThomas. He says Phillips 66 recently introduced a 0W-20lubricant for transmissions and drive trains, called Power-Drive Synthetic Arctic TO-4 Fluid, a PAO-based product,which operates at temperatures down to -40 degrees Celsius.

The standards from one manufacturer to another, how-ever, can be difficult to negotiate. One OEM might have aminimum viscosity requirement, while the next OEM mightspecify that the lubricant needs to meet a standard anti-weartest. “Product A may only meet one requirement while prod-uct B would meet both,” says Jenkins.

For open gear lube, Bel-Ray has been working on its flagshipMolylube SF 100 Semi-Synthetic Open Gear Lubricant, to pro-duce formulas that can be used as widely as possible. “The SF

100 that we use in the mines inAlberta and Saskatchewan, we’reable to use one single lubricant thewhole year-round,” Jenkins says. It

is a semi-synthetic, part PAO and partmineral oil, and it uses an aluminum com-

plex as a thickener, which “is essentially a spongethat’s holding all the base oils and the additives in a semi-solidstate,” he says. Bel-Ray’s newest formulation, Molylube UltraOpen Gear Lubricant, can be used for priming, running in, andservice lubrication, and it is designed for a -40 to +50 degreeCelsius temperature range.

Major petroleum companies like Shell, Petro Canada,Imperial (ExxonMobil), and Conoco Philips supply the bulkof the lubes sold by manufacturers that are used on site, andthey continue to improve their products as well. Imperial isreformulating its synthetic engine oil to allow for better filter-ing, according to Dingle. Even synthetic oil thickens in coldweather and that can make it more difficult to filter. Whilesome engines have a bypass on the filter to allow dirty oil toreach the engine if necessary, it would be ideal to have a moreeasily filtered lube. The new formulation of Mobil Delvac 1ESP 0W-40 has been reformulated to pump and flow easilythrough filters at low temperatures. CIM

Bel-Ray’s flagship Molylube SF 100 Semi-Synthetic Open Gear Lubricant can be usedfor priming, running in, and servicelubrication in temperatures from -40 to +50degrees Celsius.

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PRÉSENTÉ PAR

ET SES DÉPOSITAIRES CANADIENS

Palais des Congrès de MontréalBillets: convention.cim.org/fr-ca

Renseignements: [email protected]

Gala DE REMISE DE PRIX 2015

À la demande générale, Erin Cebula, la correspondante d’Entertainment Tonight Canada (ETC) pourla côte Ouest, et la co-animatrice Natasha Gargiulo, correspondante d’ETC pour la côte Est,

sont de retour pour faire ce qu’elles font le mieux – vous divertir!

L’Ouest et l’Est se rencontrentà l’occasion de l’événement minier par excellence de l’année

Lundi 11 mai 2015

� � � ��


La potasse a connu une année mouvementée. Le marchéa subi des turbulences pendant une bonne partie de 2014 –résultat du retrait du groupe russe Uralkali du cartel bélarusseBPC – mais les prix actuels sont en hausse et la demande aatteint de nouveaux sommets. Selon Paul Burnside, consultanten potasse auprès de CRU Group, bien que la consommationsous-jacente est satisfaisante, la forte augmentation de lademande peut être trompeuse.

« Le second semestre de 2013 a été très faible côté demandeen raison de toute l’incertitude entourant les prix, et les clientsont préféré puiser dans leurs réserves », a expliqué M. Burnside.Quand les acheteurs sont finalement revenus, la demande étaitforte, mais une bonne partie de celle-ci était imputable à desreconstitutions de stocks. La consommation réelle, prévient-il,« résulte des prix à la baisse, mais elle n’est pas aussi forte quela demande apparente laisse supposer. » Les marchés européenset nord-américains sont tous deux matures, alors que la Chineet l’Inde n’ont pas répondu aux attentes au cours des dernièresannées. Le pays qui se démarque le plus est le Brésil, qui est pra-tiquement exclusivement tributaire des importations. Il est éga-lement un important producteur de canne à sucre et envisage

Illustration par Christian Northeast

d’exploiter de grandes quantités de terres agricoles au sol ingrat,deux activités nécessitant un généreux épandage d’engrais.

De nouvelles capacités considérables entrent en exploi-tation. Une bonne partie de celles-ci se trouvent au Canada,PotashCorp étant la plus dynamique avec notamment sonprojet Picadilly nouvellement mis en service au Nouveau-Brunswick. « Beaucoup d’investissements ont été consacrésau développement de la capacité, et maintenant cette nou-velle capacité entre en exploitation, mais l’approche de l’in-dustrie à l’égard des prix n’a pas stimulé la croissance de lademande », souligne M. Burnside. Il ajoute que la consom-mation doit maintenant progresser de manière soutenuepour que le marché puisse absorber cette nouvelle capacité.

Pour freiner la surproduction, l’industrie devra se montrerdisciplinée, note M. Burnside. Toutefois, la récente infiltrationde saumure qui a entraîné l’interruption de la production à lamine Solikamsk-2 d’Uralkali jouera également un rôle. Lamine contribue pour 2,8 % de la capacité mondiale, et on nesait pas encore si la mine devra être abandonnée. Bien que lesproducteurs nord-américains, forts de leur nouvelle capacité,pourraient facilement remplacer la capacité perdue, selon PaulBurnside, « le pronostic d’Uralkali aura probablement uneinfluence sur les prochaines négociations de prix avec la Chineet les autres acheteurs. » – Correy Baldwin

NOUS EXAMINONS 30 MÉTAUX ET MINÉRAUXDIFFÉRENTS. CETTE RUBRIQUE SPÉCIALE VOUS OFFRE UNE RÉTROSPECTIVE DE CE QUI A MARQUÉL’ANNÉE QUI VIENT DE S’ÉCOULER, NOTAMMENT LESTENDANCES DE PLUS EN PLUS RÉPANDUES ET LESÉVÉNEMENTS IMPRÉVUS, ET EXPLORE CE QUI SE

PROFILE À L’HORIZON.

DES qUEStIoNS DE FERtILIté

PLEINS FEUXSUR LESMARCHANDISES


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Les plus grandes mines de zinc du monde ferment leursportes et l’on peut difficilement sous-estimer l’impact que celaaura sur le prix de ce métal de base.

Au troisième trimestre 2015, après avoir produit 455 000tonnes cette année et 488 233 tonnes en 2013, la productionprendra fin à la gigantesque mine de zinc australienne Century.

L’année dernière, Glencore a réduit progressivement sa pro-duction dans les mines Brunswick et Perseverance au Canada,et a ainsi éliminé une grande partie de l’offre. « C’est l’une desprincipales raisons pour laquelle les prix du zinc seront plusélevés dans les années à venir », indique Mike Dragosits, stra-tège principal en matière de marchandises chez TD Securities,citant le déclin d’autres grandes mines en Irlande (Vedanta) etau Pérou.

Sur le court terme, certains analystes prévoient que 14 %de la production de concentré de zinc se dissipera avant 2016.Malgré la hausse de la production en Inde, au Mexique et enChine, ces projets produisent des minerais à plus faible teneurdans des mines plus petites.

« Nous prévoyons un déficit sur le marché au cours desannées à venir », explique M. Dragosits. « L’anticipation dedéficits bien plus conséquents dans les années à venir influen-cera le cours du marché, lequel atteindra un niveau légère-ment supérieur aux données fondamentales », indiqueM. Dragosits. Tout au long de l’année 2015, ajoute-t-il, la ten-dance du zinc sera à la hausse et atteindra un prix record justeavant 2016. Les prix moyens annuels prévisionnels en 2015sont de 2 480 $ US la tonne, avec une moyenne trimestrielleà la fin de l’année de 2 513 $ US la tonne.

Le prix du zinc est actuellement répertorié à 2 220 $ US latonne, avec une perspective plus modérée au cours des moisà venir. Malgré la croissance de l’économie américaine,indique M. Dragosits, le marché à l’heure actuelle est assombripar le ralentissement économique de la Chine et de l’Europe.

« La Chine connaît un régime de ralentissement motivé parle positionnement des représentants du gouvernement en vuede remettre l’économie sur la voie d’une croissance de meil-leure qualité », déclare-t-il. Les représentants du gouverne-ment ont modéré leurs attentes sur le marché de l’immobilier,ce qui aura un impact sur les prix au cours des mois à venir,ajoute-t-il. D’après M. Dragosits, la Chine finira par se stabi-liser et recommencera à mener la danse au niveau de lademande en métaux de base tels que le zinc, que l’on utilisedans les réacteurs nucléaires, le fer, le caoutchouc ainsi que lafabrication de crèmes solaires et des compléments alimen-

taires, de même que pour préserver le bois d’œuvre à des finsde construction et pour galvaniser le fer.

En Europe, les investisseurs attendent de voir si l’incitationfinancière de la Banque centrale européenne (BCE) de millemilliards € va envoyer une onde de choc à l’économie stag-nante de la zone euro. « Nous ne nous attendons pas à assisterà une croissance spectaculaire en Europe, mais au-delà de lafaiblesse à court terme, nous observons une certaine stabilitédans les économies européennes », indique M. Dragosits. Cesfacteurs, associés à une meilleure croissance aux États-Unisdans les années à venir, constitueront les moteurs de lademande en zinc.

Le Canada produit environ 5,4 % du zinc raffiné produit àl’échelle mondiale. Les tous nouveaux collaborateurs du payssont la mine Bracemac-McLeod de Glencore au Québec, quiest entrée en phase de production en 2013, et la mine Lalorde HudBay Minerals dans le Manitoba, dont la constructions’est terminée cette année. En anticipation des prix plus élevés,les entreprises canadiennes mènent leur enquête sur lesmétaux dans tout le pays, et rencontrent quelques résultatsprometteurs. – Graham Lanktree

La cérémonie d’ouverture de la mine Lalor de Hudbay.

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La mine Lalor de zinc, d’or et de cuivre de la société Hudbay se trouveà 210 kilomètres à l’est de Flin Flon, dans le Manitoba.

UN FRANC SUCCèS


LE SEL Les producteurs de sel vont espérer que l’hiver se prolonge

jusque tard en 2015. La longue et rigoureuse saison hivernale del’année dernière a été une bénédiction pour les opérationsminières, qui ont enregistré une demande record de sel gemme dela part des municipalités mettant tout en œuvre pour assurer l’en-tretien routier hivernal. – Chris Balcom

L’étAINQuand les exportations d’étain en Indonésie se sont arrêtées

soudainement en 2014, un pays inattendu a contribué à comblerles lacunes en matière d’approvisionnement : le Myanmar. Aprèsune série de réformes de grande envergure qui ont permis d’ouvrirle pays sur le plan diplomatique et commercial, l’état d’Asie duSud-Est longtemps isolé s’est érigé en nouvelle puissance du sec-teur minier. La production du Myanmar devrait représenter 10 %de la production mondiale d’étain en 2015, principalement desti-née à la Chine. – Chris Balcom

LE tUNGStèNELa plus grande mine de tungstène en dehors de la Chine, la

mine de Cantung située dans les Territoires du Nord-Ouest,devrait fermer en 2015. Bien que le tungstène chinois domineactuellement le marché, les ressources non chinoises devraientcroître au cours des prochaines années, à mesure que des projetsde mise en valeur entrent en production. Un exemple éloquentest la mine de Drakelands, la première nouvelle mine de métauxde Grande-Bretagne en plus de 40 ans. – Chris Balcom

LE CADMIUM Le nouveau téléviseur LCD à points quantiques sans cadmium

de Samsung arrivera sur le marché l’année prochaine, éliminanttotalement le métal de cette technologie meilleur marché quidevrait révolutionner les téléviseurs à diode électroluminescenteorganique, lesquels coûtent environ trois fois plus cher. Ce métalétant éliminé de nombreux composants électroniques, les prixn’ont cessé de chuter ces cinq dernières années. Les prix du cad-mium demeurent relativement stagnants, autour de0,90 $ US/livre, un déclin par rapport aux 0,93 $ US/livre endécembre 2013. – Graham Lanktree

LE tALCLes matières plastiques utilisées pour la fabrication de Tupper-

ware ou pour l’intérieur de nos véhicules sont composées de poly-propylène chargé de talc. Au vu de la forte demande et des prixde ce minéral, qui varient de quelques centaines à un millier $ USla tonne en fonction de sa teneur, Imerys Talc développe ses infra-structures de production à Timmins, en Ontario, pour renforcersa capacité et devenir plus compétitive grâce à des importationsd’un minéral à plus haute teneur. – Graham Lanktree

LE CHARboNtHERMIqUE : UNE ANNéE FAIt LA DIFFéRENCE

On excusera Gill Winckler de paraître légère-ment sous le choc alors qu’elle s’avance sur l’estradepour nous exposer ce qui s’est produit à sa mine decharbon thermique durant l’année qui s’est écouléedepuis sa dernière présentation à l’occasion de laconférence annuelle de la Coal Association ofCanada (l’association canadienne du charbon).

En 2013, la présidente et directrice générale deCoalspur Mines se préparait à construire la mine decharbon thermique Vista de la société en Alberta, unprojet pour lequel tous les travaux techniques avaientété effectués, qui disposait de la plupart de ses permiset qui prévoyait déjà de construire une usine de trai-tement en phase préliminaire assurant le traitementde six millions de tonnes par an. La société avait éga-lement recueilli environ 350 millions $ sur les 550 millions $ nécessaires à la réalisation du projet.

En septembre 2013, la plupart des gens pensaientque le prix au comptant du charbon thermique àNewcastle à 77 $ US la tonne ($/t) se trouvait au plusbas, affichant un déclin de 11 % par rapport à l’annéeprécédente, et de 28 % par rapport aux prix prati-qués deux années plus tôt. « Les prix ont encorebaissé, et ont aujourd’hui atteint la barre de 66 $ US/tau prix au comptant », déclarait Mme Winckler.« Non seulement les prix sont au plus bas, mais l’es-poir a également décliné au fil des ans. »

Le ralentissement de la demande en charbon ther-mique et en charbon métallurgique a eu lieu simulta-nément, une situation où les prix continuent debaisser en réponse à un surplus. « Nous traversonsune période terrible d’offre excédentaire sur le marchédu charbon thermique », se lamentait Joe Aldina, ana-lyste du prix du charbon chez Wood Mackenzie, quiaccusait l’Indonésie d’avoir énormément contribué àcette offre excédentaire dans le secteur du charbonthermique. Selon les prévisions de Wood Mackenzie,cette situation se poursuivra jusqu’en 2020, bien queles prix commenceront à remonter la pente en 2015.

Ainsi, que peut faire une société comme Coalspur ?Mme Winckler a orienté sa société sur l’apport d’unevaleur ajoutée à l’actif en générant une certitude autourdes coûts de construction et en apportant des amélio-rations à la conception de la mine. Un examen straté-gique continu envisage diverses options, à savoir unerecapitalisation possible, éventuellement une entreprisecommune ou, catégoriquement, la vente de l’actif.

« Notre projet est prêt à commencer », concluaitMme Winckler. « Nous nous trouvons dans unesituation différente de celle de l’année dernière, maisnous savons que la mine Vista sera construite. »

– Christopher Pollon

Quinn

Dom

brow

ski

MAGNéSIUML’année dernière, la Chine a été à l’origine d’environ

80 % de la production mondiale de magnésium. Hui-tième élément le plus abondant au monde, ce métal esttrès léger, ce qui en fait un composant important dansla fabrication automobile et l’industrie aéronautique. Lademande en magnésium devrait augmenter, largementstimulée par la consommation croissante des Chinois. – Chris Balcom

LE tItANEBoeing estime que la société aura besoin de 36 770

nouveaux avions d’ici 2033, ce qui représente unehausse de 4,2 % par rapport à ses prévisions de l’annéedernière. C’est une bonne nouvelle pour l’industrie dutitane, dont le plus grand marché reste l’industrie aéros-patiale. Boeing fait actuellement des réserves de titaneen raison des tensions entre l’Amérique et la Russieconcernant l’Ukraine, une région qui contient d’impor-tants gisements de titane. – Correy Baldwin

L’assemblage desavions a lieu à l’usineBoeing d’Everett prèsde Seattle, dans l’Étatde Washington.

L’ALUMINIUMAprès avoir été en baisse pendant des années, le prix

de l’aluminium a connu une modeste reprise en 2014,tendance qui devrait se poursuivre jusqu’à l’an pro-chain. Toutefois, bien que le coût de l’aluminium aitaugmenté, et que l’offre et la demande mondiales enre-gistrent une croissance, les capacités de production mas-sives de la Chine exercent des pressions sur lesproducteurs occidentaux.

« La croissance et la demande d’aluminium à l’échellemondiale et en Chine ont en fait été plutôt bonnes pen-dant de nombreuses années », affirme Patricia Mohr,spécialiste du marché des marchandises à la BanqueScotia. « Il s’agit véritablement d’une industrie en pleinessor dans le créneau des métaux et des minéraux. »

Le marché occidental accuse un déficit de l’offre enaluminium de plus d’un million de tonnes. La consom-mation d’aluminium mondiale devrait augmenter de7 % en 2014, après avoir progressé de 5,5 % en 2013.Selon Mme Mohr, la hausse est probablement attribua-ble à une autre année de « production mondialerecord dans l’industrie automobile. » Aujourd’hui, cetteindustrie utilise davantage d’aluminium dans le but deréduire le poids des modèles et d’améliorer leurconsommation d’essence.

Selon Mme Mohr, en 2014, le prix moyen de l’alu-minium devrait s’élever à 85 cents la livre, une légèreprogression par rapport aux 84 cents inscrits en 2013.En 2015, le prix moyen devrait augmenter encore, attei-gnant 92 cents. « Les conditions du marché s’améliorentcette année », souligne Mme Mohr, ce qui est une« excellente nouvelle » pour les alumineries cana-diennes implantées au Québec et dans le nord de laColombie-Britannique, dont la production s’est élevéeà 2,86 millions de tonnes en 2014.

Cependant, la production d’aluminium de la Chinea posé un défi aux producteurs occidentaux. Lademande massive du pays est considérée comme uncréneau porteur, mais étant donné qu’il aura produitcette année un peu plus de la moitié du volume d’alu-minium mondial (27,6 millions de tonnes sur les53,7 millions de tonnes produites à l’échelle mondiale),il y a peu de raisons d’importer d’autres pays.

« Parce que la Chine a pris des mesures pour assureret préserver son autosuffisance en produisant de l’alu-minium », explique Mme Mohr, « elle a plus ou moinslimité la capacité des fournisseurs occidentaux d’expor-ter de grandes quantités d’aluminium vers la Chine. »Voilà qui explique également le fléchissement des prixdes dernières années.

« Or, nous semblons nous relever de cette situation,et la demande du reste du monde se raffermit », dit-elle.« Bref, pour les producteurs d’aluminium, on assiste àune amélioration de l’économie générale liée à l’offre età la demande à l’échelle mondiale. » – Kelsey Rolfe

Gracieuseté de

Jetstar A

irways

La petite société minière Stor-noway Diamonds, à l’origine unesociété d’exploration qui estmaintenant passée au stade dudéveloppement, détient le projetRenard dans la région de la baieJames, au Québec. Dans uncontexte où l’offre en diamantdiminue alors que la demande àl’échelle mondiale augmente, lasociété a conclu un accord histo-

rique de financement multipartite en avril dernier, recueil-lant la modique somme de 946 millions $ dans unarrangement complexe de marchés sur les dettes, les capi-taux propres et l’écoulement. Le financement, qui provenaitde trois grands investisseurs dont le gouvernement du Qué-bec, suivra la société tout au long de la phase de construc-tion de la mine Renard, estimée à 752 millions $, jusqu’à laproduction de flux nets de trésorerie positifs (entre 1,5 et 2millions de carats par année) en 2017. Le président et direc-teur général de Stornoway Matt Manson s’est entretenu avecl’ICM quant à cet accord.

L’ICM : Comment êtes-vous parvenu àconvaincre les investisseurs de vousaccorder leur confiance, à vous et à ceprojet, dans un marché des ressources où denombreuses sociétés établies ne parviennentpas à attirer des investissements ?Manson : L’orthodoxie de cette activité consiste à recueil-lir un peu de capitaux propres par-ci, un peu de créancespar-là, et à les superposer ; nous n’avons pas eu le luxe dele faire. Tous ceux qui montraient un intérêt dans le finan-cement de notre projet souhaitaient voir la transaction com-plète. Nous avons déployé de grands efforts pendant 18mois, voire deux années, pour négocier tous les élémentsdu financement du projet simultanément. La moitié du tra-vail consistait à réunir toutes les parties intéressées, et l’autremoitié à pratiquer la diplomatie de la navette pour fairefonctionner tous les éléments. Nous sommes désormais unmodèle en la matière. D’autres sociétés disposant de projetssemblables et cherchant à trouver des fonds dans ce marchéprennent Stornoway en exemple.

Aaron Regent, ex-chef de la direction de Barrick Gold, faitune fois de plus de grosses vagues. En vertu d’une ententeannoncée en octobre, Magris Resources Ltd., sa société de pla-cement privée établie à Toronto, prend le contrôle de la minequébécoise Niobec d’Iamgold au coût de 500 millions de dollars.

Outre la mine de niobium, qui figure parmi les trois seulesdans le monde, l’entente vise aussi un gisement de terres raresà proximité. Magris et ses partenaires financiers ont convenude payer un montant additionnel de 30 millions de dollars pource gisement s’il entre en production. Le niobium est principa-lement utilisé pour renforcer l’acier. Il y a deux ans, Barrick avaitmontré la porte à Aaron Regent alors que le cours des actions

MAGRIS RESoURCES, DIRIGéE PAR AARoN REGENt,ACHètE NIobEC

de l’entreprise connaissait une période difficile. Son retour ausein du secteur minier a reçu le soutien d’investisseurs de taille :Temasek Holdings, un fonds souverain de Singapour, et CEFHoldings Ltd., une société de placement de Hong Kong détenuepar Cheung Kong Holdings Ltd. et la Banque CIBC.

M. Regent a récemment confié au Financial Post que l’en-tente visant Niobec serait la « première d’une série. »

Quant à Iamgold, la vente lui procure des liquidités bien-venues durant une période difficile pour les sociétés d’exploi-tation aurifère. Maintenant qu’elle s’est défaite de Niobec,Iamgold s’est positionnée en tant que producteur d’or nondiversifié. – Chris Balcom

Gracieuseté de

Stornow

ay Diamon

ds L’ICM : quelle a été la partie la pluscomplexe dans les négociations ?Manson : Nous avons rejeté certaines transactions pro-posées. Durant les deux années où nous avons travaillé là-dessus, pratiqué la diplomatie de la navette et essayé deréunir un consortium de financiers qui devaient tous êtrecompatibles entre eux, nous sommes passés sur certainsmarchés qui nous étaient offerts. Parfois, les sociétésminières doivent avoir le courage de dire non à une offre.

L’ICM : Dans le cadre du Plan Nord duquébec, le gouvernement a égalementconstruit une portion de 143 kilomètres duprolongement de la route de 240 kms quimène à la mine. Ce projet aurait-il pu sepoursuivre sans cette route accessible entoutes saisons vers le site ?Manson : Je ne pense pas, non. Cette route délimite notreprofil de coûts. Elle nous permet de ne pas avoir à achetertout notre diesel en automne, à construire une route chaquehiver ni à stocker tout ce dont nous avons besoin sur le site,et nous ne sommes pas obligés d’expédier par avion notrematériel. Cette route fait de notre mine un site du Québecsur lequel on peut compter, dont les profils de coûts et derisques sont fiables.

L’ICM : Selon vous, la province récupèrera-t-elle son investissement de 330 millions $dans la route grâce aux profits générés parla mine ?Manson : La durée de vie prévue de la mine en fonctiondes réserves minérales est de 11 ans, et potentiellement de20 ans en fonction des ressources actuelles. Si ces prévisionsse confirment, la province amortira son investissement rienqu’avec notre mine. Mais cette route n’a pas été construiteuniquement pour notre mine. La province dispose d’un pro-gramme actif de tourisme, cette route est importante pour lescommunautés locales, notamment pour les Cris, et il estprévu de la prolonger plus au nord où se trouvent d’autresprojets [portant sur les ressources]. Il s’agit d’un exemple clas-sique d’une initiative prise par le gouvernement pourconstruire une infrastructure régionale qui sera le catalyseurdu développement économique général. Nous servons detremplin. – Ian Ewing

UN SUCCèS ébLoUISSANt



D’ici 2020, le fabricant de véhicules électriques Tesla Motors prévoit de produire des batteries au lithium-ion pour un demi-million de voitures par année, soit plus du double de la production mondiale actuelle. Les batteries seront fabriquées à laméga-usine (la « Gigafactory ») que Tesla a fait construire au coût de 5 milliards de dollars au Nevada et dont le démarrageest prévu en 2017. En mars dernier, Liz Jarvis-Shean, porte-parole de Tesla, a dit à Bloomberg Businessweek que le constructeura l’intention de s’approvisionner en Amérique du Nord pour tous ses matériaux, conformément à la mission environnementalede l’entreprise. Mme Jarvis-Shean a également déclaré que Tesla a l’intention de réduire le coût de ses batteries d’au moins30 %. La production de la méga-usine fera grimper considérablement la demande de minéraux essentiels, particulièrement legraphite, le lithium et le cobalt, et soulève déjà des questionnements quant aux sources d’approvisionnement nord-américaines que Tesla sélectionnera. Bien qu’aucun métal des terres rares n’entre dans la fabrication des batteries, du cuivre,de la bauxite et du nickel sont utilisés.

LE GRAPHItERépercussions sur la demande mondiale : Pour atteindreles cibles envisagées, Tesla pourrait avoir besoin d’environ126 000 tonnes de graphite lamellaire, ce qui représente 34 %des 375 000 tonnes extraites en 2013. La demande de maté-riaux transformés de qualité batterie pourrait augmenter de154 %, estime Simon Moores, analyste spécialisé dans l’indus-trie des minéraux. Production actuelle : Bien que pour l’heure, Tesla préfère uti-liser du graphite synthétique provenant d’Europe et du Japonplutôt que du graphite lamellaire extrait de mines, cette der-nière solution est plus économique. Compte tenu de ses objec-tifs de réduction des coûts, la société pourrait devoir setourner vers le produit naturel. Perspectives : La Chine est actuellement le principal producteuret transformateur de graphite extrait. Selon certains analystes,Tesla pourrait s’approvisionner en graphite auprès de nouvellesmines s’ouvrant au Canada. Le Canada contribue actuellementpour 2 % du graphite extrait, alors que les États-Unis ne comp-tent que deux mines qui en sont au stade de l’exploration, maisproduisent une quantité de graphite synthétique. – Chris Balcom

LE CobALtRépercussions sur la demande mondiale : La mise en œuvredes projets de Tesla pourrait nécessiter quelque 7 000 tonnesde cobalt par année. Selon Industrial Minerals, ils pourraientfaire augmenter la demande mondiale de 6 %, et la demandede matériau de qualité batterie de 17 %.

Production actuelle : La République démocratique du Congorenferme la plus grande partie des réserves de cobalt connuesdans le monde et produit aujourd’hui 55 % du volume mon-dial. Tesla Motors préfère éviter la RDC et s’approvisionneactuellement en cobalt aux Philippines. Perspectives : Les États-Unis ont quelques réserves de cobalt,mais cela fait des décennies qu’ils n’ont pas effectué l’extrac-tion de ce minéral. Aujourd’hui, le Canada contribue pourenviron 6 % de la production mondiale. Certains analystescroient que Tesla pourrait finir par s’approvisionner dans leMidwest américain à l’avenir, parallèlement aux projets cana-diens existants. – Chris Balcom

LE LItHIUMRépercussions sur la demande mondiale : Goldman Sachsprédit que la méga-usine pourrait consommer entre 15 000et 25 000 tonnes de carbonate de lithium par année, soit riende moins que 17 % de la production actuelle. Cependant, lesfournisseurs de lithium devraient pouvoir répondre à lahausse de la demande sans problème. Production actuelle : En 2013, le Chili a produit 64 % duvolume de lithium mondial, suivi de l’Australie (22 %). Perspectives : En Amérique du Nord, Tesla dispose de plu-sieurs sources potentielles pour s’approvisionner en lithium,y compris le puits d’extraction de saumure de RockwoodLithium au Nevada et la mine de roche dure fermée deRB Énergie au Québec, entre autres. – Chris Balcom

LE FACtEUR GIGA

Gracieuseté de

Tesla Motors

LE PLAtINEEn novembre, la société Ivanhoe Mines de Vancouver a

reçu une approbation importante de la part du ministère desressources naturelles d’Afrique du Sud l’autorisant à poursui-vre son projet Platreef. Cette mine de platine estimée à 1,6milliard $ devrait entrer en phase de production en 2020 etsera l’une des plus grandes au monde. Elle devrait par ailleursproduire le platine le moins cher du continent africain, prin-cipalement en raison de son niveau élevé de mécanisation.L’autorisation du ministère pour le projet vient à la suite d’unepériode d’incertitude dans le pays ; en effet, les mines de pla-tine d’Afrique du Sud ont été touchées par une grève de cinqmois des travailleurs en 2014, qui a affecté plus de 40 % de laproduction à l’échelle mondiale. Les travailleurs ont obtenuun accord sur les salaires au mois de juin. – Correy Baldwin

LE PHoSPHAtELa Commission européenne a ajouté la roche phosphatée

à sa liste de matières premières critiques. Cette liste, adoptéeen 2011, vise à gérer les actions de l’Union européenne quantaux matières dont l’approvisionnement est jugé critique,notamment en encourageant la production, en promouvant larecherche et l’innovation et en contribuant aux négociationscommerciales. Le phosphate, qui est l’un des 20 matériaux fai-sant partie de cette liste, est un élément important dans lesengrais chimiques et est indispensable à la sécurité alimentaireà l’échelle mondiale. – Correy Baldwin

LE PLoMbLa société BHP Billiton a annoncé qu’elle allait céder ses

actifs commerciaux non essentiels dans le cadre du dévelop-pement d’une nouvelle société essaimée dénommée NewCo,dont la valeur est estimée à 15 milliards $. L’une des plusgrandes exploitations de NewCo sera la mine Cannington duQueensland, en Australie, la plus grande mine d’argent et deplomb affichant les coûts de production les plus faibles aumonde. La mine Cannington produira environ 7 % du plombà l’échelle mondiale. – Correy Baldwin

L’URANIUMLe cours des actions de Cameco Corp. a bondi de près de

10 % le 7 novembre après l’annonce de la future remise en ser-vice des réacteurs nucléaires japonais mis à l’arrêt lors du tsu-nami de 2011. La société, le plus grand producteur d’uraniumau Canada, a subi une grève à ses installations deMcArthur River, la plus grande mine d’uranium au monde, eta finalement démarré la production à Cigar Lake après unelongue série de retards techniques, faisant de 2014 une annéedont plusieurs se souviendront longtemps.

Les problèmes et les succès de Cameco ont eu des réper-cussions non négligeables sur l’ensemble de l’industrie. Lesprix de l’uranium ont fortement grimpé durant la grève à lamine de McArthur River entre août et octobre, ce qui a coïn-cidé avec l’imposition de sanctions par les pays occidentauxcontre la Russie, un autre producteur d’uranium d’importance. – Chris Balcom


CE qUE L’ACIER NoUSRévèLE à PRoPoS DUCHARboNMétALLURGIqUE

Le sujet de préoccupation majeure de la rencontreannuelle de la Coal Association of Canada (l’associationcanadienne du charbon), qui s’est tenue à Vancouver enseptembre dernier, était la préparation à un monde danslequel la Chine ne serait plus le principal moteur de laconsommation de charbon métallurgique, une questionsur laquelle J. Neil Bristow de H&W Worldwide Consul-ting a insisté lorsqu’il a fait le point sur le statut de l’acierà l’échelle mondiale.

« En 2009, la Chine est arrivée de nulle part et aimporté 40 millions de tonnes de charbon cokéfiable,puis s’est considérablement développée à partir de là »,explique M. Bristow. « Nous avons eu notre heure degloire, mais touche-t-elle à sa fin ? »

M. Bristow explique que l’Asie est la seule région quiproduit aujourd’hui beaucoup plus d’acier qu’avant lacrise financière de 2008, alors que l’Europe et l’Amériquedu Nord ne parviennent toujours pas à remonter auniveau de production de 2007-2008. Il existe égalementun « risque réel » que l’Europe suive le Japon dans lemarasme, ce qui laisse planer de grandes craintes àl’échelle mondiale concernant la production d’acier et lecharbon métallurgique. « Il s’agit d’un segment commer-cial très vaste dans l’économie mondiale, et le fait qu’ilsoit mal en point est un aspect négatif important pour lacroissance mondiale. »

L’Asie est également en proie à des fluctuations en cequi concerne la croissance future de la production d’acier.La Chine aura de plus en plus tendance à abandonner sonmodèle « d’exportateur vers le monde entier », et unetransition va s’opérer vers une économie plus mature quirépond aux besoins des consommateurs nationaux. Laproduction d’acier ralentit déjà en Chine, comme entémoigne la chute des prix des logements dans 64 centressur les 73 dans toute la Chine cette année, indiqueM. Bristow.

Deux notes positives se profilent cependant à l’horizon :les producteurs d’acier utilisent de plus en plus les hautsfourneaux pour fabriquer l’acier, un procédé qui requiertdavantage de charbon métallurgique. Cette tendance« aura un impact sur la demande en ce matériau de qualitésupérieure », explique M. Bristow, ce qui est une bonnenouvelle pour les producteurs de charbon métallurgiquede Colombie-Britannique. Le second point positif est quele monde en développement devrait avoir besoin d’unegrande quantité d’acier pour sortir de la pauvreté.

« Nous devrions assister à une consommation d’acierdeux fois plus importante dans les 25 années à venir »,concluait M. Bristow, ajoutant que les marchés émergentstels que l’Asie du Sud-est, l’Afrique et particulièrementl’Inde, deviendront les moteurs de la demande. « D’ici2018-2019, nous observerons enfin un contexte de crois-sance où l’Inde prendra le dessus sur la Chine. » – Christopher Pollon

LE CUIvRE La réputation du cuivre, qui était autrefois le métal

de base préféré des investisseurs, a été ternie depuis quele métal a atteint la barre des 4,65 $ US/livre en 2011.Selon certains analystes, le prix du cuivre descendra endessous de son prix de 2014, à savoir 3,16 $ US/livre,pour atteindre en 2015 un prix de marché de3 $ US/livre et ce, étant donné que plusieurs nouvellesmines, dont la mine Sierra Gorda au Chili, injectent denouvelles offres sur le marché mondial.

Sur une période de 23 ans, Sierra Gorda promet deproduire 120 000 tonnes de cuivre annuellement danssa première phase, et 220 000 tonnes dans sa secondephase. Malgré le contexte, la demande en cuivre estencore suffisamment forte pour que les producteurs pra-tiquant des prix bas puissent vendre leurs marchan-dises. – Graham Lanktree

LE MoLybDèNELa nouvelle mine Sierra Gorda au Chili devrait assurer

10 % de l’offre en cuivre à l’échelle mondiale. L’exploita-tion produira également suffisamment de molybdènesecondaire pour réduire son prix, notamment sur lecourt terme. La mine devrait réduire sa production demolybdène plus tard dans son cycle de vie.

Ce déclin de la production d’ici quelques annéesdevrait profiter à Avanti Mining Inc., prétend Graham duPreez, directeur financier de la société. Grâce au molyb-dène pur produit à la mine Kitsault en Colombie-Britan-nique (C.-B.), qui a été remise en état et devrait ouvrirses portes en 2017, il explique que sa société est bienplacée pour être un acteur de choix. « Pour nous, c’estune bonne occasion de développer un projet qui com-mencera sa phase de production à peu près au momentoù la mine Sierra Gorda réduira sa production de 24 000tonnes à 11 000 tonnes de molybdène. »

Le prix du molybdène, prévoient les analystes, devraittourner autour de 9 $ US à 10 $ US la livre en 2015-2016. Selon M. du Preez, la demande croissante et forteen acier, qui est utilisé pour la trempe du métal, impliqueque d’ici la fin de la décennie, les prix commenceront àremonter pour atteindre 17 $ US la livre après l’entréeen phase de production de Kitsault. – Graham Lanktree

Gracieuseté de

Geo

metric

a

L’entreprise commune Sierra Gorda deKGHM produira chaque année 483 millionsde livres de cuivre, 25 millions de livres de

molybdène et 64 000 onces d’or.


UN AvENIR qUI NEtIENt qU’à UN FIL

Les petites sociétés aurifères émergent de trois annéesdifficiles, le recul des cours de l’or faisant fuir les investis-seurs ; en 2013 seulement, il a chuté de 28 %. Toutefois en2014, le cours s’est stabilisé à 1 300 $ l’once, et les petitessociétés ont commencé à réunir un peu plus de fonds.

Cette période de calme relatif est terminée. « Aumoment même où les investisseurs recommençaient à sesentir un peu plus à l’aise par rapport au secteur aurifère,les prix se sont mis à reculer », explique John Gravelle, lea-der du groupe Secteur minier pour le Canada et à l’échellemondiale de PricewaterhouseCoopers (PwC).

Selon M. Gravelle, bien que les petites sociétés aurifèresréduisent les dépenses au strict minimum, elles sont plusrésilientes que prévu. Il affirme que PwC a constatéquelques radiations de la cote, mais pas beaucoup. Il ajoutetoutefois qu’en raison de la situation de trésorerie de bonnombre de petites sociétés, environ deux cents pourraientse voir radiées de la cote si les conditions perdurent encorequelques années.

M. Gravelle a dit qu’il croyait que les entreprises seregrouperaient pour réduire les coûts et mettre en communles ressources, mais cela ne s’est pas produit. « Elles doiventtraverser une période difficile en ce moment, mais elles sesont montrées plutôt résilientes et ont décidé de campersur leurs positions », fait-il remarquer.

La Bourse de croissance TSX a assoupli les exigencesréglementaires afin de permettre aux petites sociétés deréunir des capitaux auprès des actionnaires actuels sansavoir à déposer un prospectus intégral, et elle se montreplus souple par rapport aux dates limites de dépôt. Ellecherche également à réduire les exigences des prospectusliés aux émissions de droits. – Kelsey Rolfe

PASSAGE à L’ACtEÀ la suite de la décision indonésienne d’interdire l’ex-

portation de minerai de nickel, et comme les Philippinesenvisagent la même législation, d’importantes lacunes enmatière d’approvisionnement pourraient apparaître sur lemarché. Les prix et la demande devraient augmenter àcourt terme : une bonne nouvelle pour les activités en dif-ficulté comme à la mine d’Ambatovy à Madagascar.

Ambatovy, qui est la plus grande mine de nickel latéri-tique au monde, n’a cessé d’augmenter sa productiondepuis 2012, en dépit des difficultés qu’elle connaît depuisle début. Sherritt International basé à Toronto, le principalintervenant du projet avec une participation de 40 %, arécemment réduit les prévisions de production de cetteannée, passant d’entre 40 000 à 45 000 tonnes de nickelfini, à entre 37 000 et 41 000 tonnes de nickel fini.

Il s’agit de l’exploitation d’un gisement subaffleurant deminerai de latérite qui, même s’il est bien plus abondant àl’échelle mondiale que les gisements de sulfite, s’est révélédifficile à traiter de façon efficace. – Chris Balcom

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Comme l’exploitation et la production pétrolières et gazièresdépendent de plus en plus de la fracturation hydraulique dezones de schiste non classiques, la demande de sable de fractu-ration explose, et les sociétés minières s’ajustent afin de répondreaux besoins.

Les analystes de Morgan Stanley prédisent qu’en 2016, lademande bondira de 96 % par rapport aux niveaux de 2013, etprévoient une « … pénurie prolongée sur le plan de l’approvi-sionnement. »

Select Sands (anciennement La Ronge Gold), entreprise deVancouver, a fait l’acquisition de deux réserves de sable en 2014,à Lloydminster, en Saskatchewan, et dans le nord-est de l’Arkan-sas, pour pallier la pénurie de sable de qualité supérieure en Amé-rique du Nord.

« De plus, les activités de production sont soit en train de sestabiliser, soit en recul », a noté Rasool Mohammad, présidentde Select Sands, expliquant que les réserves au Wisconsin sonten train de s’épuiser et que les futurs projets d’expansion se heur-tent à l’opposition publique locale. « Une fois leurs réservesextraites, il ne leur en restera pas beaucoup, et la demande aug-mentera. »

Victory Nickel et Athabasca Minerals emboîtent le pas enmisant respectivement sur des réserves de sable de fracturationà Medicine Hat et à Fort McMurray, en Alberta.

La qualité du sable, comme la silice du projet Firebag d’Atha-basca Minerals sur la photo, dépend des caractéristiques sui-vantes : grosseur du grain, rondeur, résistance à l’écrasement,solubilité acide, turbidité et degré d’agglomération des grains.Idéalement, le sable consiste en du quartz de très grande pureté,très rond, résistant à l’écrasement et contenant peu de grumeauxet de limon. À l’heure actuelle, la principale source nord-améri-caine de sable de cette qualité provient de gisements au Wiscon-sin et au Minnesota. – Kelsey Rolfe

LAFRACtURAtIoN,UNE SoLUtIoNINtéRESSANtE


Gracieuseté de

Avalon Ra

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Avalon Rare Metals is developing the Nechalachoproject in the Northwest Territories.

Bien que l’inquiétude face à la domination chinoise sur lemarché des métaux des terres rares se soit apaisée, bon nom-bre des sociétés occidentales qui ont profité, lors du boom desinvestissements de 2009 à 2011, de l’afflux de capitauxdéclenché par ces craintes éprouvent des difficultés.

En 2010, la Chine a produit environ 97 % du volume mon-dial de terres rares. Lorsque le gouvernement chinois a indi-qué qu’il restreindrait les exportations, les investisseurs ontsaisi l’occasion et investi des millions de dollars dans dessociétés non chinoises spécialisées dans l’extraction desmétaux du groupe des terres rares.

Au plus fort de la vague d’investissements, en 2011, lecours de l’action d’Avalon Rare Metals a culminé à 9,10 $. Labulle ayant maintenant éclaté, les actions de la société se négo-cient autour de 25 cents. Néanmoins, l’équipe d’Avalon s’estattachée à améliorer le schéma simplifié de traitement de sonusine d’hydrométallurgie et espère que son projet Nechalachodans les Territoires-du Nord-Ouest commencera àproduire des métaux des terres rares d’ici 2018.

Si Avalon réussit, Nechalacho fera partie du tout petit nom-bre de projets de métaux des terres rares réalisés à l’extérieurde la Chine. À ce jour, les seules sociétés non chinoises quiont émergé de la frénésie d’investissements avec des mines enexploitation sont l’australienne Lynas Corp. et Molycorp, éta-blie au Colorado, qui a déployé des efforts considérables pouraméliorer les résultats de l’usine de traitement de sa mineMountain Pass en Californie.

Aujourd’hui, le marché s’est calmé, et la production chi-noise semble se stabiliser, comptant pour environ 70 % de laproduction mondiale, selon un récent rapport du Council onForeign Relations. – Chris Balcom

REvENoNS à LA RéALIté

UN MétAL qUI tIENt boNL’argent a atteint un creux de quatre ans en novembre, et

le prix, déterminé par des enchères électroniques, en contrarieplusieurs, notamment le chef de la direction de First MajesticSilver, Keith Neumeyer. Il a récemment laissé entendre queles producteurs d’argent devraient former un genre de cartelafin d’obtenir un meilleur prix pour leur produit. En octobre,l’entreprise de M. Neumeyer a annoncé qu’elle conserverait934 000 onces d’argent en attendant que le marché s’améliore.

Bien que bon nombre d’entreprises accueillent favorable-ment la proposition de M. Neumeyer, il serait difficile d’orga-niser une telle alliance, la plus grande partie des réservesd’argent étant produite en tant que métal de seconde fusion. – Chris Balcom

JUSqU’où PEUt-oNDESCENDRE ?

Les analystes du marché pétrolier tentent de « lire dans lemarc de café » de l’industrie des sables bitumineux au Canadaaprès la chute soudaine des prix du pétrole. Chaque année,les producteurs de pétrole réinvestissent la majorité de leurflux net de trésorerie dans le développement et l’exploration.Ainsi, comme l’explique Randy Ollenberger, directeur généralde BMO Marchés des capitaux spécialisé dans l’industrie dupétrole et du gaz d’Amérique du Nord, le fond du problèmeest que « la baisse importante des prix du pétrole impliqueque l’on dispose de moins de flux net de trésorerie pour leréinvestissement. »

Fin octobre, Goldman Sachs a estimé le prix du baril depétrole brut à environ 73,75 $ US pour toute l’année 2015.Pour les projets d’exploitation des sables bitumineux in situ,les coûts de l’offre vont généralement de 50 $ à 80 $ par barilde pétrole ($/baril), et de 70 $ à 100 $/baril pour les projetsminiers. Ainsi, les fusions et acquisitions ont probablementlieu en raison des prix bas, explique M. Ollenberger. Il ajoutecependant que « les petites sociétés ont, selon nous, la possi-bilité de continuer à prospérer. »

Le Canada produit chaque jour 4,5 millions de barils depétrole brut, aussi ce changement marqué des prix impliqueque les producteurs pourraient perdre environ 2,5 milliards $sur l’année. La Banque du Canada s’inquiète du fait qu’unepériode prolongée de prix bas pourrait inciter les investisseursà retirer leur argent de l’industrie et de sa chaîne d’approvi-sionnement. – Graham Lanktree

Avalon Rare Metals développe le projetNechalacho dans les Territoires du Nord-Ouest.

PLUS oU MoINSLes grands producteurs de minerai de fer jouent les mata-

mores alors que les prix continuent de s’effondrer. Malgré unretour de plus en plus discret, Rio Tinto, BHP Billiton et Valesemblent prêts à consentir des sacrifices à court terme afin des’accaparer des parts de marché à long terme. – Ryan Bergen


TRAVEL

PolkowiceBy Chris Balcom

Polish food is rich,hearty and satisfying,with meat, root veg-etables and cabbagetypically making upthe majority of eachmeal. Polish kielbasasausage and soupslike borscht areknown the worldover, as are deliciouspierogies, but theyalways taste better inPoland. Eating out isusually very inexpen-sive, especially giventhe quality.

If you’d like to sam-ple some traditionalcuisine while you’rein Polkowice, CIMMagazine recom-mends the Restau-racja Polkowicka,which offers a menufull of traditional Pol-ish and Silesiandishes. A substantialmeal will run youabout $10 (30 złotys).

Pizzeria Verona is alocal favourite. ThisItalian restaurantserves excellent pizzaand offers a goodselection of pastas andsalads. Dishes rangefrom $3-7 (10-20 zło-tys). There are a num-ber of other Italianoptions in town tochoose from includ-ing the PizzeriaValentino and thePizzeria Magnolia.

There are also a cou-ple of restaurantsspecializing in differ-ent Asian cuisines, aswell as several pubsoffering simple Pol-ish and North Ameri-can fare.

To put some localcolour in your cheeks,try nalewka, a tradi-tional polish liquormade by aging ingre-dients such as herbs,fruits or molasses in avodka or spirit.

WHERE TO DINE

The area has an appealingly mild climate.While snow is common in winter, temperatures

rarely fall to typical Canadian levels.

TIP

among other attrac-tions. It is very ade-quate if you aretravelling alone andideal if you happen tohave family in tow.

Located in the heart oftown, the HotelPolkowice is anotherreliable bet. All roomsinclude WiFi access,television and a bal-cony overlooking thetown. Meals can be

purchased on request.Rooms are pricedbetween $35 and $125(100 to 375 złotys).

One could also stay inWrocław, the largestcity in the Lower Sile-sian voivodeship(province), wherethere are many morehotel options, includ-ing well-known chainssuch as Ibis, BestWestern and Radisson.

Rooms at the AquaHotel are availablefrom $90 to $170(275 to 510 złotys).The hotel has confer-ence rooms, a restau-rant and a bar. As onemight guess from thename, guests alsohave access to thehotel’s extensive aquapark. This popularcomplex includessaunas, pools and sev-eral outdoor slides,

Welcome to the heart of Poland’s copper country. Polkowice is a small but charmingindustrial town with a population of just over 22,000. The surrounding county,which shares the same name as its capital, is host to several copper mines oper-

ated by Polish mining giant KGHM, headquartered in nearby Lubin. Formally recognized asa town in 1265, Polkowice’s medieval roots date back further still. The towns lies in theSilesian Region, which has traded hands between Czech, German and Polish rulers countlesstimes over the centuries, and all have left a visible influence on the area.

GETTINGAROUND

WHERE TO STAY

All officially regis-tered taxis shouldbe marked and usemandatory operat-ing meters. Avoidunmarked taxis.This shouldn’t bean issue in Polkow-ice, but keep it inmind in larger citiesand at the airport.

Polish highwayscan be a bit unpre-dictable (both interms of the roaditself and your fel-low drivers), so becautious if youdecide to driveyourself. Travellingthrough Poland bybus or train is quitecheap and reliable.

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12th century, whichcontinues today.

Geologists might par-ticularly enjoyStołowe MountainsNational Park,located in the south-ern part of thevoivodeship. Thepark is well knownfor its unique rockformations and laby -rinths, shaped byyears of erosion.

The Gross-RosenConcentration Campmemorial is anothernoteworthy site and asober reminder of theregion’s troubled -history.


You might notice some faded German signs inthe region – Polkowice was not part of Poland

until after the Second World War.

TIP

While Polkowice is alovely town, it is nothome to any majorattractions. Luckily,the surrounding re -gion abounds withcastles and palacesfrom the Middle Ages,including the must-see Ksiaz· Castle inWałbryzych, about100 kilometres away.

Visitors are welladvised to exploreWrocław. A majorcity of more than600,000 people, it hassome lovely historicsites, including mar-kets and dozens ofmajestic cathedrals.Much of the city’sbaroque architecturehas been beautifullyrestored after thedestruction of the Sec-ond World War. Tour

“Poland’s Venice” byfoot or take a cruisedown the Odra River.If you’re visiting dur-ing the holiday sea-son, be sure toexperience the magicof Wrocław’s Christ-mas market, with itsarray of seasonaltreats, drinks andlocal handicrafts.

A little closer toPolkowice, Złotoryjais a remarkably well-preserved medievaltown and tourist cen-tre, complete with citywalls from the 1300s.The town has a richmining historystretching back to the

Polkowice is hometo a successful

women’s basketballteam: CCC Polkowice.

See if you can catch a game.

TIP

WHERE TO EXPLORE

Wrocław’s Copernicus airport has incomingflights from several major European airlinesincluding Lufthansa and RyanAir, so con-necting from Canada is no problem. Severalinexpensive buses run daily from Wrocławto Polkowice, or you could hire a taxi forabout $100.

HOW TO GET THERE

Poland is a member state of the EuropeanUnion but has not yet joined the shared cur-rency. While it has committed to eventuallydoing so, it is very unlikely to happen in thenear future. Poland currently uses the złoty,made up of 100 groszy. One Canadian dollaris worth about three złotys.

Credit cards and debit cards are widelyaccepted. ATMs can be found in towns andcities alike.

MONEY

DOING

BUSINESSMany younger peopleand businesspeoplespeak reasonable Eng-lish, particularly inlarger cities. There arefewer fluent Englishspeakers in smalltowns such asPolkowice, but youshould be able to getby without too muchdifficulty. In doingbusiness it is advisableto make available Pol-ish translations of anywritten material.

Greet people with afirm handshake andmaintain eye contact.Poles tend to be quitedirect and formal inbusiness. Punctualityis taken seriously andsealing a deal can beslow, as strict adher-ence to protocol is thenorm.

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The editorial staff at CIM Journalwishes to express our deepest thanksto our peer reviewers and chairs, whogenerously volunteer their time and

Peer review: a noble pursuitBy Chuck Edwards, technical publications committee chair

expertise to assess the importance, rel-evance and quality of submitted man-uscripts. Peer reviewers and chairsplay a key role in maintaining the highstandard for CIM Journal papers.

From its inception, CIM Journal hasused the double-blind reviewing sys-tem whereby reviewers and authorsare unknown to each other. Althoughthe double-blind system is the mostonerous, CIM considers it the bestguarantor of a fair and unbiased peerreview process, and thus the best wayfor CIM Journal to build and maintainits reputation.

This is how we do it: A submittedmanuscript is first assessed to assureit uses correct French or English,

and that it complies with our format-ting rules. If not, it is returned to theauthor with suggested revisions tomeet CIM Journal requirements.When a submitted manuscript isprepared for review, it is stripped ofauthor information (includingnames, titles, affiliations and digitalmetadata) and sent to the appropri-ate technical society review chair.The peer review chair reads the man-uscript and asks two peer reviewersto execute reviews. Peer reviewerscan – and should – decline if they arenot confident they can complete athorough and competent review in atimely manner (ideally four weeks).Reviewers edit and add comments in

CIM community

Ashbee Abin BakhtFinley BakkerNicola BantonMark W. BartlettLaura BattisonDonna BeneteauElyse BenguerelJeff BoisvertJan BoonMohamed O. Bouna-AlyJessica BrattyKeith BullockBrian BussPeter CainDaniel CampbellDavid CatafordShirley ChangLoy ChunpongtongDavid G. C. ClarryKaren CoatesMichael CodyJeff ColdenTimothy Coleman

David CollinsSilvana CostaWesley CraggDavid DesRochesMarcel M. DjivreAlison DonmezFranz DziubaChuck EdwardsM. Stephen EndersHendrik FalckKimberly FergusonGus FomradasJennifer GallowayJohn R. GoodeMartin GrenonJohn HadjigeorgiouChris HawkesGerhard W. HeinrichRobert HendersonZara HosseiniMarty HudymaCourtnay HughesMichel Jebrak

Philip KeeleGabriel KéroackGarth KirkhamPhilipp KirschFrançois LavoieAndré LemayDavid LentzVolodymyr LiskovychJin LiuMatt LofstromGlenn LyleEric MaagJeff MacLeanJoshua MarshallStuart McTavishPatrick Mercier-LangevinLouise H. MichaudDean MillarDoug MilneRobert MorozValery MorozovBruce Murphy

Jan E. NessetChris O’ConnorJames OakleyRimas PakalnisJacek (Jack) ParaszczakCatherine PelletierIan M. PlummerGary PoxleitnerJ. R. Robert PronovostRasoul RahmaniMalcolm E. RobbJohn G. RobertsonJohn D. RobertsonRafael M. SantosThomas SarucheraEric SchramlJanis ShandroErfan SharifiDebbie ShewfeltShefa SiegelAlastair SinclairAna Carolina SilvaRob Sim

Alastair J. SinclairNalini SinghLarry D. SmithDavid SnyderKeith SpenceNathan StubinaMichael SueDenis ThibodeauSridevi ThomasUrsula ThorleyPhil ThwaitesJohn TinucciDavid TisdaleJohn E. TosneySunil K. TripathyRoger C. UrquhartStéfanie VoKristian WatersDavid WatsonPeter WhittakerWilliam XiaoTheophile Yameogo

Thank you to our CIM Journal peer reviewers*

*Those who completed reviews for CIM Journal from Jan. 1, 2013 to Nov. 10, 2014.

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CIM community

COM spotlights process advancements By Kelsey Rolfe


the manuscript, complete a simpleform, and return the review docu-ments to CIM Journal, along with arecommendation to either accept,require revision and re-review, orreject the submission. Reviews areassessed by the review chair, who ren-ders a decision.

The peer review process is coordi-nated using a combination of anonline system and email correspon-dence by Janice Burke, the editorialcoordinator.

If you are interested in being a peerreviewer, submitting an article forreview, or have any questions about theprocess, please contact Janice [email protected]. CIM

The 53rd annual Conference of Metallurgists, held in Vancouver in late Sep-tember, saw more than 600 delegates turn out to learn the latest in metallurgy,materials and processing.

Attendees to the conference, hosted at the Hyatt Regency Hotel, ranged fromprofessional metallurgists to government representatives and academics. “It wasabout 65 per cent industry, 25 per cent academic, and the remainder was gov-ernment and students,” said Boyd Davis, conference chair and Kingston ProcessMetallurgy principal.

The conference explored various improvements to processing through ses-sions, events and 13 symposia on topics like arsenic metallurgy and the envi-ronment, process control applications and light metals processing.

There were also two special events: a discussion on the role of extractivemetallurgy societies in the global landscape and a session on risk managementput on by the Management in Metallurgy section of the Metallurgy and Materi-als Society of CIM (MetSoc).

The conference also recognized the contributions of professors Bill Daven-port, Gilles Allard and Ram Rao in three special symposia, which looked atextractive metallurgy, vanadium, and metals and mineral processing and theenvironment, respectively.

“The feedback [we received] was very positive,” Davis said. “It was that thequality of the papers were quite high, which is really good.” He also added thatit was a “very international crowd,” with delegates coming from all over theworld.

MetSoc also hosted its awards night during the conference. Among the recip-ients were Mahi Sahoo of Suraja Consulting for the MetSoc Award for ResearchExcellence; Comondore Ravindran of Ryerson University for the MetSoc Distin-guished Materials Scientist Award; Janice Zinck of Natural Resources Canadafor the MetSoc CIM Distinguished Lecturer; and Université Laval for the Out-standing MetSoc Student Chapter.

Sponsors of the conference included Barrick Gold, Hatch, Teck, Sherritt,Kingston Process Metallurgy, BBA, Jacobs, WorleyParsons, ScanTech, Hazen,Cytec, American Elements, Elsevier and Vanadium Corp. CIM

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IMBoyd Davis, COM 2014 conference chairand Kingston Process Metallurgyprincipal

Volunteer technical publications chairs

and co-chairs (including past co-chairs

who served during this period)

Canadian Mineral Processors SocietyMichael Sue, Catherine Pelletier (past)

Geological Society Hendrik Falck

Environmental & Social ResponsibilitySociety Janis Shandro, Zoe Mullard,Angelique Slade-Shantz (past)

Maintenance, Engineering andReliability Society Marcel M. Djivre

Management & Economics SocietyMark Lamoureux

Metallurgy & Materials Society Peter Lind, Erfan Sharifi

Surface Mining Society Loy Chunpongtong, Tim Joseph (past)

Society for Rock EngineeringMartin Grenon, Doug Milne (past)

Underground Mining Society Gary Poxleitner

PRESENTED BY

AND ITS CANADIAN DEALERS

Palais des Congrès de MontréalTickets: convention.cim.org

Inquiries: [email protected]

AWARDS Gala 2015

Back by popular demand, Erin Cebula, West Coast correspondent for Entertainment Tonight Canadaand co-host Natasha Gargiulo, ETC East Coast correspondent, will do what they do best – entertain you!

West meets Eastat the mining event of the year

Monday, May 11, 2015

� � � ��


Over the past few years CIM hasmourned the loss of many dedicatedmembers of our community. We havecompiled their names here in an effortto remember their years of devotedservice to our organization and the min-ing industry at large. May they remainforever in our hearts.

Glen F. Andrews passed away in 2012at the age of 78. A well-travelled min-ing engineer, Glen had been a memberof CIM since 1970.

Lee Bilheimer passed away in 2013,in his 86th year. Lee joined CIM in1970 and became a life member in2000. He received the McParlandMemorial Award for Excellence inMaintenance, Engineering and Relia-bility in 1995 for his work as a miningengineer.

Henry (Hank) Bloy had been a lifemember of CIM for more than 20 yearswhen he passed away on ChristmasEve, 2013. Hank received several hon-ours over the course of his long careerin the industry including the CIM Dis-tinguished Service Medal in 1985. Inaddition, he received the BTA BellCommemorative Medallion for serviceto the Canadian mining industry onthe occasion of the 100th ContinuousYear of Publication of the CanadianMining Journal, and the William H.Cameron Award. Hank also served asmanager of the Mining Association ofManitoba for more than a decade, andwas chair of the John T. Ryan SafetyCommittee for many years.

James (Jim) K.B. Booth passed awayat the age of 91 on Nov. 11, 2013. Jimfirst joined CIM in 1959, after mov-ing to Canada from his native Eng-land to work for Rio Tinto. Heeventually left Rio Tinto to chart his

own course and wound up foundinga mining consultancy firm in collabo-ration with his partners Derry andMichener. Jim became a CIM lifemember in 1991.

Donald George Cardy (1929-2014) ofSt. Andrews, Manitoba had been a CIMmember since 1967 and a life membersince 1998 when he passed away at theage of 84 last February.

William (Webb) Cummings (1926-2013) had been a life member of CIMsince 1989. Webb first joined CIM as amining engineer in 1950. He spentmuch of his life and career based inBritish Columbia but worked acrossthe country and abroad.

Walter Curlook (1929-2014) enjoyeda long and rewarding career as aresearch metallurgist. Curlook wasinducted into the Order of Canada in1996 and the Canadian Mining Hall ofFame in 1997 for his contributions tothe industry and Canadian economy.Upon his retirement from Inco in1997, Curlook returned to academiaand was a distinguished adjunct pro-fessor at his alma mater, the Universityof Toronto.

R. Bruce Ferguson passed away onSept. 24, 2013 at the age of 68, thesame year he became a CIM life mem-ber. He worked as a metallurgical engi-neer for many years, most recently inNevada, and joined CIM in 1976.

Bruce C. Fielder (1960-2014) workedas a metallurgical engineer withCameco and later Mellis EngineeringLtd., where he was employed untilpassing away last January at the age of53. Bruce enjoyed working on severalprojects across the country and aroundthe world.

Anders Haag had been a CIM membersince 2003. He had worked in Chilefor Xstrata since 2000, where he servedas the company’s regional manager.Anders passed away in 2012 at theearly age of 48.

R.G. (Bob) Hilker, a life member ofCIM, passed away on April 23, 2013,at the age of 83. A geologist by train-ing, Bob founded his own successfulgeological consulting company, TronDuik Consultants Ltd., in 1969.

Lionel Hurst joined CIM in 1979, andbecame a life member in 2002. Lionelworked at Falconbridge nickel minesfor 27 years, and recently passed awayat the age of 90 in 2014.

Barbara Jewers moved to FortMcMurray from her native Nova Scotiain 1990, where she worked as an engi-neer with Syncrude for 23 years. Shepassed away on Sept. 17, 2013 at theage of 46.

Thomas William Kierans (1913-2013) was a genuine visionary in theengineering field. Tom began his careerin 1939 when he went to work in theSudbury Nickelbelt and eventuallybecame Inco’s head safety engineer,during which time he introduced someimportant reforms. In the late 1960sand early 1970s Tom helped design theChurchill Falls Hydropower project inLabrador. Later he accepted a post atthe Memorial University of Newfound-land’s engineering faculty. Tom’s legacywill be forever associated with theunique ability to see engineering solu-tions to environmental problems.Some of his most significant projectsand ideas include the Great Recyclingand Northern Development (GRAND)Canal of North America, Strait of BelleIsle Fixed Link, Southside Hills devel-

CIM community

OBITUARIES

CIM remembers those who have passedBy Chris Balcom

http://www.cim.org/en/Services/CIM-Awards/McParland_Memorial_Award.aspx





opment, and Deltaport. Tom firstjoined CIM in 1945. He was 100 yearsold when he passed away in November2013.

Jacobus (Jack) Kriens passed away inhis 80th year on May 8, 2011. Jack hadbeen a member of CIM since 1964 anda life member since 1998.

Gregory W.R. Kuzyk (1944-2013), alife member of CIM, was trained as amining engineer and worked at AtomicEnergy Canada’s UndergroundResearch Laboratory for 26 years. Hewas 68 years old when he passed awayon July 3, 2013.

Paul H. Lindon (1939-2014) enjoyeda long career as a metallurgical engi-neer and academic. He first workedwith Falconbridge Nickel Mines Ltd.from 1969 to 1980, and later became aprofessor at Laurentian University,where he worked until his retirementin 2005. He had been a CIM member

since 1990, and passed away in Febru-ary 2014 at the age of 74.

Edward (Ed) Patton was an activemember in CIM’s Maintenance/ Engineering Division (now Maintenance,Engineering and Reliability Society) andenjoyed a long and distinguished careeras an electrical specialist. Ed joined CIMin 1990 and received a CIM Fellowshipin 2012. He passed away on Sept. 28,2014 at 72 years of age.

John (Johnny) Price passed away inhis 81st year on June 18, 2014. He hadbeen an Individual National memberof CIM since October 2011.

Saulius (Sal) Masionis passed awayon Oct. 21, 2013 at the age of 70. Salmoved to Canada from Lithuania in1949, and enjoyed his career in theworld of finance, working as a stockbroker with Brant Securities for 20years. Sal joined CIM in 2009 and wasa member of the CIM Toronto Branch.

Reginald William Smith joined CIMin 1983 and became a life member in2008. Reginald moved to Canada fromthe United Kingdom in his 30s, andworked at Queen’s University as a pro-fessor of metallurgy for many years.He passed away in May 2014 at theage of 83.

Donald William Tully joined CIM in1962 and had been a life member since1991. Donald earned himself a strongreputation as a geologist in the B.C.mining community throughout hiscareer. He was 94 years old when hepassed away on May 29, 2014.

Edward William (Ted) Woolfrey,founder of Torcal Industries Ltd.,passed away at home in Medicine Hat,Alberta, on Nov. 24, 2013. Ted joinedCIM in 1994. He was 72 years old.

Please send any and all memorialnotices of CIM members to us [email protected].

CIM community

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M4S Montréal 2015Montréal, QuébecMay 11-13

M4S MEMO Edmonton 2015Edmonton, AlbertaOct. 5-6

M4S Québec Mines Découverte 2015Québec, QuébecNov. 24-26

M4S |

2015CIM CALENDAR OF EVENTS

CALENDRIER DES ÉVÉNEMENTS DE L’ICM

The educational show on mining, minerals, metals and materialsLe salon éducatif sur les mines, minéraux, métaux et matériaux

CONFERENCES | CONGRÈS

Jan. 20-22 47th Annual Canadian Mineral Processors Conference (CMP 2015) 47e Congrès annuel des minérallurgistes du Canada Ottawa, ON | www.cmpsoc.ca

Feb. (TBD) Franco-Mine at Mining Indaba 2015 Cape Town, South Africa | www.cim.org/Franco-Mine

March 2 Franco-Mine 2015 Toronto, ON | www.cim.org/Franco-Mine

May 10-13 CIM Convention & Expo! 2015 Congrès et Expo! de l’ICM 2015 Montréal, QC | convention.cim.org

May 10-13 13th International Congress on Rock Mechanics (ISRM 2015) Montréal, QC | isrm2015.com

June (TBD) Mining Society of Nova Scotia’s 128th Annual General Meeting Nova Scotia | www.miningsocietyns.ca

June 2-5 27th Canadian Materials Science Conference (CMSC 2015) Halifax, NS | www.metsoc.org

June 14-17 Symposium 2015 on Mines and the Environment Symposium 2015 sur l’environnement et les mines Rouyn-Noranda, QC | rouyn-noranda2015.cim.org

Aug. 23-26 54th Annual Conference of Metallurgists (COM2015 held in conjunction with AMCAA 2015) 54e Congrès annuel des métallurgistes Toronto, ON | www.metsoc.org

Aug. 23-26 America’s Conference on Al Alloys (AMCAA 2015), held in conjunction with COM 2015, Conference of Metallurgists Toronto, ON | www.metsoc.org

Oct. 4-7 Maintenance, Engineering and Reliability Mine Operators Conference (MEMO 2015) Colloque sur l’ingénierie, la maintenance, la fiabilité et l’exploitation minière Edmonton, AB | memo2015.cim.org

Oct. 25-27 36th International Conference of Safety in Mines Research Institutes (ICSMRI 2015) Sudbury, ON | icsmri.cim.org

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2015 CIM CALENDAR OF EVENTSCALENDRIER DES ÉVÉNEMENTS DE L’ICM


NEW BRUNSWICK (BATHURST, NB)Contact: Robert McVeigh ([email protected])

Events still in planning stage

NEWFOUNDLANDContact: Len Mandville ([email protected])

Nov. 5-7 Mineral Resources Review 2015, Delta St. John’sHotel & Conference Centre

QUÉBECContact: Louis Marcoux ([email protected] )

26 janvier Conférence, Université Laval 31 janvier Tournoi de curling, Club de curling Etchemin, Lévis 16 février AGA et conférence, Université Laval 16 mars Soirée étudiante, Étudiants étrangers :

présentateurs, Université Laval 13 avril Conférence, Université Laval

QUÉBEC NORD-EST (SEPT-ÎLES, QC) Contact : Patrice Tremblay ([email protected])

SOIRÉES TECHNIQUES ET CONFÉRENCES

Janvier, février, mars, avril, mai

ROUYN-NORANDAContact : Sylvain Lépine ([email protected])

14 janvier Estimation des ressources minérales NI 43-101 etles meilleures pratiques de l’ICM : Garth Kirkham,président élu de l’ICM, Conférencier, UQAT

8 novembre Souper d’huîtres annuel de l’ICM, École La Source

SAGUENAY (CHICOUTIMI, QC) Contact: Steve Thivierge ([email protected])

Janvier Conférence (conférencier à confirmer), UQAC Février 5 à 7 et l’Assemblée annuelle, UQAC Février Conférence (conférencier à confirmer), UQAC Avril Semaine minière, Bar des mines (forum de

discussion sur un thème), Chicoutimi Avril Visite industrielle, Lac St-Jean Avril Party de crabes Mai Exposition minérale régionale, UQAC Septembre Visite industrielle, détails à déterminer Octobre Oktoberfest, Chicoutimi Novembre Party d’huîtres, Chicoutimi

THETFORD MINESContact: Normand Boutet ([email protected])

Janvier Tournoi de curling, AGA et remise de boursesétudiantes

Août Tournoi de golfCONFÉRENCES

Mars, avril, septembre, octobre, novembre

MARITIMES, NEWFOUNDLAND AND LABRADOR, QUEBECLES MARITIMES, TERRE-NEUVE ET LABRADOR, QUÉBEC

AMOSContact: Robert Cloutier ([email protected])

5 février Expo Mine ICM, Journée maillage 20 mars Cabane à sucreACTIVITÉS LORS DE LA SEMAINE MINIÈRE DU QUÉBEC :

29 avril Dîner-conférence : thème financier, lieu àconfirmer

1 mai Tournée Affaires et croissants, Souper-conférence& perspectives d’exploration

2 mai Kiosques d’exposition d’entreprises de l’industrieminière, Place Centre-ville Amos

CONFÉRENCES 5 À 7, SALON DE QUILLES AU DOUBLÉ :

20 janvier Conférence de François Chabot, Intragold(Acquisition Century Mining)

17 février Conférence d’Alain Grenier, Hecla 24 mars Conférence de Daniel Bernard, BlackRock Minerals 29 avril Conférence de Jean-Marc Lacoste, Ressources

Monarque 12 mai Conférence de Trent Mell, Ressources Falco Ltée. 9 juin Conférence de Sylvain Lehoux, IAMGOLD

CHAPAIS-CHIBOUGAMAU (CHIBOUGAMAU, QC)Contact: Patrick Houle ([email protected])

Février Conférence à déterminer, Hôtel de ville 20-24 avril Soirée conférences, activités Semaine minière du

Québec, Salle du Club de golf Chibougamau Novembre Dégustation d’huîtres et moules

HARRICANA (VAL-D’OR, QC)Contact: Marcel Jolicoeur ([email protected])

21 janvier Conférence, Le projet BlackRock, Hôtel Forestel 18 février Conférence de Yan Ducharme, Le Bloc Marban de

Niogold, Hôtel Forestel 13 mars Vins et fromages, Hôtel Forestel 29 avril Conférence de Guy Belleau du projet Eléonore,

Hôtel Forestel 13 mai Conférence (sujet à déterminer), Hôtel Forestel 6 juin Tournoi de golf annuel, Club de golf Belvédère

LABRADORContact: Mark Blake ([email protected])


MONTRÉALContact: Hani Mitri ([email protected])


EASTERN DISTRICT | DISTRICT DE L’EST

Courtesy of C

IM Amos Branc

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2015CIM CALENDAR OF EVENTSCALENDRIER DES ÉVÉNEMENTS DE L’ICM


RED LAKE Contact: Janice Wallgren ([email protected])

June Exploration Round-Up, Cochenour Hall July Golf Tournament, Red Lake Golf and Country

Club Aug./Sept. Wine and Cheese Social, Campbell Curling

Lounge October AGM/Seafood Night, Campbell Curling Lounge November Annual Lobsterspiel, Campbell Curling Rink

SUDBURYContact: George Darling ([email protected])

Jan. 15 General Membership Meeting, Dynamic Earth Feb. 7 Winterlude Dinner and Social, Caruso Club March 19 General Membership Meeting, Dynamic Earth April 16 CIM Distinguished Lecturer, Dynamic Earth June 12 Lobster Dinner and Dance, Caruso Club August Annual Rudolph Kneer Memorial Golf

Tournament, Lively Golf and Country Club

SUDBURY GEOSECTIONContact: Phil Thurston ([email protected])


THOMPSONContact: Inge Robinson ([email protected])


THUNDER BAYContact: Mark Smyk ([email protected])

January Mineral Resource Investment Showcase March Annual Curling Funspiel April Student Paper Night November Guest Lecturer December Christmas Cocktail Party

TORONTOContact: Alicia Ferdinand ([email protected])

Jan. 15 Student Luncheon, Royal York Hotel Oct. 15 Grubstake Taste of Toronto, National ClubCIM BRANCH LUNCHEONS, NATIONAL CLUB

Feb. 19, March 19, April 16, May 21, June 18, Sept. 17, Nov. 19, Dec. 10

WINNIPEGContact: Ed Huebert ([email protected])


CENTRAL DISTRICT | DISTRICT DU CENTRE

MANITOBA & ONTARIOMANITOBA ET ONTARIO

COBALT (HAILEYBURY, ON)Contact: Todd A. Steis ([email protected])


GREATER TORONTO AREA WEST (MISSISSAUGA, ON)Contact: Gerry Son Kee ([email protected])

Feb. 11 Reception: Membership Drive Cocktail, GolderAssociates Offices, Mississauga

June 18 Third Annual CIM GTA West Golf Tournament,Millcroft Golf Club, Burlington

July 22 Pub evening September Canada Southern Africa Chamber of

Business/CIM GTA West – Cheese and WineCocktail at Hatch, Oakville

NETWORKING LUNCHEONS, OTELLO’S BANQUET AND CONVENTION CENTRE,OAKVILLE

March 18, April 22, May 27, Oct. 21, Nov. 25

HAMILTONContact: Shannon Clark ([email protected])


NORTHERN GATEWAY (NORTH BAY, ON)Contact: Annemarie Rhindress ([email protected])

Quarterly Luncheon and Speaker Meetings, Davedi Club Feb. 19 Seafood Mixer, Social and Fundraiser, Clarion

Pinewood Park Hotel April Mining Week, Educational-Grade School, North

Bay Summer Mining Teachers’ Tour, Ecology Centre Mattawa,

North Bay Summer/Fall Trades Trailer Promoting Mining Industry

(Canadore College), various locations Sept. 11 Golf Tournament, Social and Fundraiser,

Highview Golf Course

OTTAWAContact: Jean-Francois Fiset ([email protected])


PORCUPINE (TIMMINS, ON) Contact: Shannon Campbell ([email protected])

January Curling 2015, McIntyre Curling Club March 27-29 Ontario Mining Cup 2015, McIntyre Arena August CIM Porcupine Golf Tournament, Hollinger Golf

Course October Steak and Lobster Banquet December AGM

Courtesy of C

IM Northern Ga

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2015 CIM CALENDAR OF EVENTSCALENDRIER DES ÉVÉNEMENTS DE L’ICM


ALBERTA, BRITISH COLUMBIA, NORTHWEST TERRITORIES, SASKATCHEWAN, & YUKON | ALBERTA, COLOMBIE-BRITANNIQUE,TERRITOIRES DU NORD-OUEST, SASKATCHEWAN, ET YUKON

CALGARYContact: Patrick Landry ([email protected])

CIM CALGARY TECHNICAL LUNCHEONS, FAIRMOUNT PALLISER

Jan. 14, Feb. 11, March 11, April 22, May 20

CROWSNESTContact: North Jones ([email protected])


EDMONTONContact: Tim Joseph ( [email protected])

Jan. 5 CIM Student Awards Presentation and AwardsNight: CIM President Sean Waller, Presenter,University of Alberta Faculty Club

Feb. 2 Meeting, University of Alberta Faculty Club March 12 University of Alberta Industry-Student Night,

Peter Buhles from Komatsu Mining Germany,Guest Speaker, University of Alberta Faculty Club

NORTH CENTRAL BCContact: Jerome LaMarre ([email protected])

Feb. 7 CIM North Central BC Branch Bonspiel, ChristySmith, Guest Speaker, Williams Lake

June 16-18 CIM North Central BC Branch AGM, GuestSpeaker, Prince George

OIL SANDS (FORT MCMURRAY, AB)Contact: Cameron Newton ([email protected])


SASKATOONContact: Michael Fieber ([email protected])

Jan. 22 Environmental Safety Night, The SheratonCavalier Hotel

Feb. 19 Uranium Night, The Sheraton Cavalier Hotel March 19 Industry Collaboration Night, The Sheraton

Cavalier Hotel April 16 Annual Spring Social, The Sheraton Cavalier Hotel July 10 CIM 35th Annual Golf Tournament, Willows Golf &

Country Club

SASKATOON GEOLOGICAL SECTIONContact: Cory Kos ([email protected])


WESTERN DISTRICT | DISTRICT DE L’OUEST

SOUTH CENTRAL BCKAMLOOPS, BC Contact: Vanessa Roeland ([email protected])

September South Central AGM and Conference, Coast Hotel& Conference Centre

TRAILContact: Marvin Newfeld ([email protected])


VANCOUVERContact : Grant Carlson ([email protected])

Nov. 19 Annual Student NightLUNCHEONS

Feb. 19, March 19, April 16, May 21, June 18 (TBC), Sept. 17, Oct. 15

YELLOWKNIFEContact: David Watson ([email protected])


WHITEHORSEContact: Paul Christman ([email protected])


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INTERNATIONAL

CHILE, PERU, SENEGAL, & BURKINA FASOCHILI, PÉROU, SÉNÉGAL, ET BURKINA FASO

LOS ANDES – CHILEContact: Paula Quijada ([email protected])


LIMA – PERUContact: Siegfried Arce ([email protected] )

Jan. 23 Mining 101 Short Course: Siegfried Arce, GuestSpeaker, Lima

March Mining and Society, Several Guest Speakers,Lima

April 24 Mining 101 Short Course: Siegfried Arce, GuestSpeaker, Trujillo

May 9-13 Peru Participants to CIM Convention and MineTour, Montreal

July 24 Mining 101 Short Course, Guest Speaker, TBA,Cajamarca

September Perumin Mining Convention. Possible CIM Booth,Arequipa

November Tailings Management and mine Backfill, Lima December Mining 101 Course: Siegfried Arce, Guest Speaker

DAKAR – SENEGALContact: Oumar Toguyeni ([email protected])

Mars Fiscalité minière Juin Normes 43-101 et JORC Octobre Traitement des minerais réfractaires Automne RSE Sénégal

BURKINA FASOContact: Tidiane Barry: ([email protected])


2015CIM CORPORATE MEMBER DIRECTORYRÉPERTOIRE DES MEMBRES

CORPORATIFS DE L’ICM


p 9548e Nord International

p 95

Acier St-Michel Inc.Aciers SSAB Suédois LtéeACP Applied Products Ltd.Adrok Ltd.Aecon MiningAGS MoversAIL MiningAkzoNobel Chemicals Ltd.Alexander ProudfootAlightAMECArcelorMittal Mining Canada G.P.Atlas Copco Mining and Rock Excavation Technique CanadaAusenco Axter Coletanche Inc.

p 98

Barrick Gold CorporationBASFBAT Construction Ltd.Benshaw CanadaBKT Tires Canada Inc.BlackRock Metals Inc.Boart LongyearBradkenBrandt TractorBrault Maxtech Inc.

p 101

Caledonia Mining CorporationCandente Copper CorporationCBleue Inc.Centre for Excellence in MiningInnovation (CEMI)

CK LogisticsColossus Minerals Inc.Conspec Controls LimitedCopper Development Association Inc.COREMCrevier LubrifiantsCullen Diesel Power Ltd.CWA Engineers Inc.Cypher Environmental Ltd.

p 103

D3 Mining SolutionsDassault Systèmes Canada Software Inc.De Beers Canada Dominion Diamond CorporationDragon Global GroupDSI Mining CanadaDyno Nobel

p 105

Eco Waste SolutionsElement Mining Ltd.Emerson Electric Canada Limited

p 105

FestoFLSmidthFLSmidth Ltd.Fountain Tire Mine Service Ltd.Frontline Integrated Services Ltd.Fusionex une compagnie de Wolseley

p 106

GEA Westfalia Separator Inc.Geohart Consultants Pty Ltd.Global Inspections-NDT, Inc.Global Partner Solutions Mining& Industries Inc.

Goldcorp Inc.Golder Associates Graham Group Ltd.Groupe CLRGroupe MISA

p 109

Hard-Line Hatch Ltd.Haulmax (Aust) PM Ltd. Hecla Mining CompanyHella Inc. CanadaHerrenknecht Tunnelling Systems Canada Inc.Hewitt Equipment Limited HumEng International Inc.

p 110

IBK Capital Corp. IDS North AmericaIMAFS Inc. Intergraph Canada Ltd.Iron Ore Company of CanadaISM – Industrial Steel Manufacturing Inc.

p 111

Jannatec Technologies J.F. Comer Inc.Joy Global (Canada) Ltd.JPi mine equipment

p 112

Kalenborn Canada Inc. Kal Tire Mining Tire GroupKamco Installations Ltd.Key Maintenance TechnologiesKinross Gold CorporationKlohn Crippen Berger Ltd.KPI Industrial Controls Inc.Kreator Equipment & Services Inc.

p 114

Lafarge Canada Inc.Laird Laurel Steel, Division of Harris Steel

Levert Personnel Resources Inc.Limpact International Limited

p 115

Mabarex Inc. MaptekMcCarthy Tétrault S.E.N.C.R.L., s.r.l.McCue Engineering Contractors McLanahan CorporationMicromine Ltd.Mine Cable Services CorporationMine Site TechnologiesMining Publications InternationalMosaic Company, TheMullen Trucking LP.MWH Global Inc.

p 117

New Millennium Iron Corp.NL Department of Natural ResourcesNorth Fringe IndustrialTechnologies Inc.NTN Bearing Corporation of Canada Ltd.

p 117

Oboni Riskope Associates Inc.Outotec Canada

p 118

P.R. Engineering Ltd.Pacific Bit of Canada Inc.Paul F. Wilkinson & Associates Inc.Pex Industrial Pipe SolutionsPneuma-Tool Inc.Polar Mobility Research Ltd.Potash Corporation of SaskatchewanPraetorian Construction ManagementPROVIX Inc. PVA Consulting GroupPyott Boone Electrics Canada Limited (PBE Group)

p 119

QinetiQ Ltd.

p 120

RAX Enterprises Inc.Redpath Mining Contractors & EngineersREM Resource Engineering & MaintenanceRessources QuébecRichwoodRio Tinto Iron & Titanium Rockhound LimitedRockwell AutomationRulmeca Canada Limited

RungePincockMinarco (Canada) Limited

p 121

SAFEmap International Inc. Schlumberger Water ServicesSentry Equipment Corp.Service aux entreprises HarricanaSherwin-Williams Protective & Marine Coatings DivisionSiemens Canada Ltd.SKF Canada Ltd.SM Construction Inc.SMS Equipment SNL Metals & MiningSRK Consulting (Canada) Inc. Stonehouse Mining Corp.Struttmann ConsultingStuart Olson Industrial ConstructorsSuncast Polytech Inc.Suncor Energy SYNTHESARC INC.

p 124

Teck Resources LimitedTega Industries Canada Inc. TerraSource GlobalTetra Tech WEI Inc. Thibault & Associates Inc.Thyssen Mining Construction of Canada Ltd.Timken Canada

p 125

Ultra Seat CorporationUnited Rentals Pump Solutions

p 125

ValléeVal’s Drilling LimitedVatne Concrete Systems Ltd.Veyance Technologies Canada Inc. (Goodyear Engineered Products)Victaulic

p 126

Wajax EquipmentWajax Power SystemsWatts, Griffis and McOuat LimitedWenco International Mining Systems Ltd.WesTech Engineering, Inc.Western Potash Corp.Westlund (division of Emco Corp.)Wire Rope Industries Ltd.W.S. Tyler

p 128

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CIM CORPORATE MEMBERS | MEMBRES CORPORATIFS DE L’ICM

WHAT CAN A CIM CORPORATE MEMBERSHIP BRING YOU?With more than 4,300 active organizations within our community, becoming a CIM Corporate Member positions your company as a leader among leaders.

CIM DELIVERSGLOBALOPPORTUNITIESGet involved with 41 local and international branches, reach global markets, and build stronger business relationships. Attract new prospects and identify potential partners through CIM national and international events.

CORPORATERECOGNITION Position your brand among 15,000 CIM members and gain high visibility. Our yearly Awards Recognition Program acknowledges your excellence and contribution to our industry. SPECIALIZED

KNOWLEDGEBenefit from 118 years worth of extensive industry knowledge shared through our CIM Magazine and CIM Journal, and extensive online technical library with additional access to OneMine.org. GROWTH &

SUSTAINABILITYHelp secure the long-term prosperity and sustainability of the industry and provide vital support to our communities.

EMPLOYEEDEVELOPMENT Access to 10 technical societies will strengthen your workforce, raise your employees’ stature in the industry, and help enhance your company’s performance and expertise.

JOIN THE CIM COMMUNITY AND GET INVOLVED. IT’S REWARDING.

IT’S ALL MINE ATCIM.ORG



CIM CORPORATE MEMBER PROFILES | PROFILS DES MEMBRES CORPORATIFS


The CIM Corporate Member Directory provides access toleading companies that are working together to foster astrong and cohesive industry. It showcases the breadth ofexpertise, products and services offered by CIM corporatemembers, helping you find the right contacts to further yourbusiness.

Our corporate members recognize that success is theresult of valuable connections: a network of professionaland business leaders who are shaping the industry. CIM’sinfluential community of 15,000 members and its dynamicnetwork of 41 branches across Canada and around theworld can help you forge valuable connections with top deci-sion-makers and industry partners in your area of opera-tion. You can collaborate, engage and connect with thoughtleaders, key influencers and experts through our 10 Techni-cal Societies.

Connect with our CIM Corporate Members directly formore information on their products and services or visit theMember Services page of our website at www.cim.org. CIMCorporate Membership positions your company as a leaderamong leaders and reinforces your global visibility.

We can work together to bring more value to your corporate membership. Please contact us [email protected].

Marjolaine DugasDirector of Member Services

Le répertoire des membres corporatifs de l’ICM vous donneaccès aux principales sociétés du secteur qui collaborent à bâtirune industrie plus forte. Il présente l’étendue de l’expertise, desservices et des produits que proposent les membres corporatifsde l’ICM et vous aide à trouver les interlocuteurs les plus adaptésà vos opportunités d’affaires.

Nos membres corporatifs reconnaissent que la réussite est lefruit de relations précieuses avec des professionnels et desdirigeants d’entreprises qui façonnent l’industrie. Nos membrescorporatifs bénéficient d’une communauté de plus de 15 000 membres et d’un réseau de 41 sections locales et interna-tionales regroupant les décideurs et partenaires importants del’industrie dans votre secteur d’activité. Vous pourrez établir descontacts et collaborer avec des leaders d’opinion mondiale, despersonnes d’influence, et des experts par le biais de nos 10sociétés techniques.

Communiquez directement avec les membres corporatifs del’ICM pour obtenir plus d’informations sur les produits et servicesqu’ils proposent, ou consultez notre site Web au www.cim.org.L’ICM positionne votre entreprise parmi les chefs de file et ren-force votre visibilité à l’échelle mondiale.

Pour plus d’information sur les bénéfices d’une adhésion corporative, veuillez communiquez avec nous [email protected].

Marjolaine DugasDirectrice, services aux membres

QUELS SONT LES AVANTAGES D’ÊTRE MEMBRE CORPORATIF DE L’ICM?Avec plus de 4 300 organisations activement impliquées au sein de notre communauté, devenir membre corporatif de l’ICM permet à votre société de se positionner en tant que leader parmi les leaders.

L’ICM ASSUREDES OPPORTUNITÉSINTERNATIONALES Investissez-vous dans les 41 sections locales et internationales, accédez aux marchés que vous ciblez et établissez des relations commerciales plus solides. Attirez de nouveaux clients éventuels et identifiez des partenaires potentiels par l’intermédiaire des événements nationaux et internationaux de l’ICM.

LA RECONNAISSANCEDE VOTRE ORGANISATION Présentez votre marque à quelque 15 000 membres et bénéficiez d’une grande visibilité. Notre programme annuel de prix et de reconnaissance met à l’honneur votre excellence et votre contribution à l’industrie. DES CONNAISSANCES

SPÉCIALISÉES Bénéficiez des 118 années de connaissances approfondies du secteur présentées dans CIM Magazine et CIM Journal ainsi que dans notre bibliothèque technique complète en ligne, qui vous donne un accès supplémentaire au référentiel OneMine.org. LA CROISSANCE

& LA VIABILITÉ Contribuez à garantir la prospérité et la durabilité de l’industrie et offrez à nos communautés le soutien vital dont elles ont besoin.

LE PERFECTIONNEMENTDE VOTRE PERSONNEL L’accès à 10 sociétés techniques vous aidera à renforcer les capacités de votre main-d’œuvre, à consolider le statut de vos employés dans l’industrie et à promouvoir la performance et l’expertise de votre organisation.

JOIGNEZ-VOUS À L’ICM ET IMPLIQUEZ-VOUS. C’EST VALORISANT.

LE MONDE DES MINESS’OUVRE À VOUS AU CIM.ORG




48e Nord InternationalOlivier Pâquet70 ave. du LacRouyn-Noranda, QC J9X 5C1% (819) 762-4923 x: [email protected]

48e Nord International is a non-profitorganization, whose mission it is to act as acatalyst for the growth of internationaltrading activity in Abitibi-Témiscamingue. 48e Nord International works closely withregional economic players and governmentpartners to help regional companiesbecome export-ready. The organizationalso represents Quebec companies thatoffer products and services to the mineralsindustry around the world.

48e Nord international est un organisme àbut non lucratif qui a pour mission d’êtrele catalyseur de la croissance des activitésde commerce extérieur en Abitibi-Témis-camingue. 48e Nord international travaillede façon étroite avec les intervenants éco-nomiques de la région et les partenairesgouvernementaux dans le but d’offrir auxentreprises de la région une expertise lespréparant à l’exportation. L’organismereprésente également les entreprisesquébécoises offrant des produits et ser-vices à l’industrie minérale et ce, àl’échelle internationale.

Acier St-Michel Inc.Bernard Richard1155 ave. Laplace Laval, QC H7C 2N6% (514) 374-4970www.acierstmichel.com/

Acier St-Michel Inc. is recognized for itsexperience and professional work, whichhas generated a solid reputation for qualityand reliability since it was established in1984. The satisfaction of our customers isour priority. We design, fabricate and/orinstall storage tanks, pressure vessels,chimneys, hoppers and silos, and repairand provide maintenance for rotary fur-naces, evaporators and/or on-site installa-tion of equipment, such as agitators,pumps, et cetera.

Étendant son champ d’action du GrandNord à l’Est canadien en passant par leQuébec et l’Ontario, Acier St-Michel est

une entreprise d’expérience, jeune etdynamique, qui s’est forgé une solideréputation dans le domaine des travauxd’acier. Pour tous travaux d’acier : lesouvrages de plaques, les réservoirs, che-minées, trémies, silos, réparation etentretien de fours rotatifs, de réservoirs,d’évaporateurs et jusqu’à l’installation enchantier d’équipements tels que les agita-teurs, les pompes, et cetera., il n’y aqu’une entreprise à contacter : Acier St-Michel.

Aciers SSAB Suédois LtéePatrick Leclerc220 rue Industrielle Delson, QC J5B 1W4% (514) 364-1752www.ssab.com

SSAB is a global leader in value-addedhigh-strength steel. The company offersproducts developed in close cooperationwith its customers to reach a stronger,lighter and more sustainable world. Har-dox® maximizes the wear performance ofyour equipment and machines, reducingworkshop lead times and increasing theoverall productivity of your operations.Thanks to its consistent properties, Har-dox’s performance remains consistentacross its lifetime. That also makes itsservice life very predictable, allowing youto rationalize your repair schedule.

SSAB est un leader mondial du secteurdes aciers haute résistance à valeur ajou-tée. SSAB offre des produits élaborés enétroite collaboration avec ses clients pourrespecter les caractéristiques du mondequi nous entoure et en préserver encoremieux les précieuses ressources. Grâce àsa grande homogénéité, les performancesde Hardox restent inchangées sur toute ladurée de vie du matériau. Cela permetégalement de prédire sa durée de vie avecune grande précision, afin de pouvoirrationaliser le planning de réparation.

ACP Applied Products Ltd.Rahul Lakhote201-5550 152nd St. Surrey, BC V3S 5J9% (604) 363-6878www.acpapplied.com

The ACP team offers turnkey hydraulic andenvironmental solutions driven by our bitu-

minous geomembrane. The bituminousgeo membrane, with its ability to remainwatertight over the long term and to per-form at sub-zero temperatures at harshchemical environments, is an optimal solu-tion for hydraulic and environmental man-agement. Typical projects include ponds,diversion channels, landfill lining and cap-ping, dams and canals, just to name a few.Our solutions offer savings in bedding andcover materials, and help expand your con-struction horizon.

Adrok Ltd.Gordon Stove49-1 W. Bowling Green St.Edinburgh, United Kingdom EH6 5NX% 44-131-555-6662www.adrokgroup.com

At Adrok, we are passionate about helpingmake the world a better place by improvingour clients’ understanding about what liesbeneath the earth. We develop and useadvanced technology to supply geophysicalservices for locating, identifying and map-ping subsurface natural resources (oil,gas, water, minerals). We provide ourclients with measurements of the subsur-face natural resources, rock types and rocksequences before drilling. We call ourtechnology Atomic Dielectric Resonance.We call our services Predrilling VirtualLogging®.

Aecon MiningJohn Singleton301-1003 Ellwood Rd. SWEdmonton, AB T6X 0B3% (780) 430-4070www.aecon.com

As one of Canada’s leading constructionand infrastructure development compa-nies, Aecon provides turnkey solutions toour clients by handling virtually everyaspect of mining development – from sitepreparation to final equipment installation.Backed by 130 years of experience, Aeconhas significant resources, expertise andknowledge, often operating in some of themost hostile environments in the world.

2015 CIM CORPORATE MEMBER DIRECTORYRÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM


AGS MoversPaul Massardier65 Bofors Circle, Epping 2Cape Town, 7460, South Africa% [email protected]

As the leading removals company in Africa,the AGS Group has subsidiaries throughoutthe continent and experience in everyAfrican country. Mining operations areexpanding into areas where infrastructureis underdeveloped, posing logistical chal-lenges. With comprehensive knowledge ofthe African continent, and experience pro-viding services for some of the biggestmining companies working in Africa, AGSoffers a unique solution. The AGS networkcan ensure high-quality removal servicesfor every African project.

En tant que leader du déménagement enAfrique, le Groupe AGS dispose de filialesà travers tout le continent. Les opérationsminières se développent dans des régionsoù l’infrastructure est souvent inadéquateet l’expérience d’AGS permet de résoudretout problème de logistique. Le GroupeAGS met à votre disposition sa connais-sance approfondie du continent et sonexpérience auprès des plus grandes com-pagnies minières en Afrique. Le réseauAGS vous garantit des services de hautequalité pour vos projets africains.

AIL MiningDon Michaluk 111 Springstead Ave.Stoney Creek, ON L8E 6E7% (289) [email protected]

THE EDGE Four-Flange Structural Liner isideal for creating underground structuressuch as mine shafts, ventilation raises andescape-ways. THE EDGE is stronger, fasterand more economical than continuoussmooth steel or concrete alternatives. Theresulting structures are strong, versatileand safer because they can be assembledfrom the inside.THE EDGE Four-FlangeStructural Liner provides a safe and cost-effective addition for ground support in haz-ardous areas. Components transport easilyto remote sites, where they can be assem-bled quickly and safely from the inside.Structures can be completely assembledand moved into an area of unsupported

ground or they can be assembled andadvanced one section at a time. For addedstrength and support, fill material ispumped through grout couplings or ports.

AkzoNobel Chemicals Ltd.Mark P. Podwysocki323 Crystal Green Rise Okotoks, AB T1S 2N5% (403) [email protected]/surface/markets/

AkzoNobel provides high-quality reagentsfor mineral extraction and anti-cakingapplications with advanced colloid and sur-face chemistry. We have more than 40years of global R&D experience in molecu-lar and surface chemistry, supportedthrough feedback from the mining indus-try. Our strength is in customized solutionsfor each individual ore, carbonates,feldspar, quartz and other minerals.

AkzoNobel fournit les réactifs de hautequalité pour l’extraction minière et lesapplications anti-agglomérant avec avan-cée colloïde et chimie de surface. Nousavons plus de 40 ans d’expérience interna-tionale de recherche et développement enchimie moléculaire et surface, prise encharge à travers les réactions de l’indus-trie minière. Notre force réside dans dessolutions personnalisées pour chaqueminerai individuel, carbonates, feldspath,quartz et d’autres minéraux.

Alexander ProudfootJon WylieCanada Trust Tower, Brookfield Pl.PO Box 508, 161 Bay St, 27th Floor Toronto, ON M5J 2S1% (416) [email protected]

Alexander Proudfoot is the pioneer forimplementation of operational improve-ment programs. For more than 65 years,we have partnered with companies in themining and metals industry to executetheir business strategies through improvedmanagement effectiveness and by embed-ding the disciplines required to deliver sus-tainable change. We have strongrelationships with mining and metals com-panies all over the world – from major

diversified miners to junior mining andmining contracting companies.

Alexander Proudfoot fait figure de pionnierdans la mise en place de programmesd’améliorations opérationnelles. Depuisplus de 65 ans, nous nous sommes asso-ciés à des entreprises du secteur desmines et métaux afin de mettre à exécu-tion leurs stratégies commerciales parune amélioration de l’efficacité de leurgestion et l’intégration de la disciplinerequise pour parvenir à un changementdurable. Nous entretenons de solidesrelations avec des sociétés minières etmétallurgiques dans le monde entier, despoids lourds du secteur aux activitésdiversifiées aux jeunes entreprisesminières et autres sous-traitants.

AlightThomas Struttmann600-44 Montgomery St.San Francisco, CA, USA 94104% (800) [email protected]

Alight Mining helps the world’s leadingmining companies achieve superior finan-cial performance through continuousfinancial optimization. Alight Mining’sapplications for gold, copper, coal, iron oreand silver let you: • Measure and compare the impact of

industry changes on your mining enter-prise.

• Optimize your financial performance bydoing multiple “What if” scenarios.

• Record your decisions and use them tocompare and analyze actual results.

• Alight Mining – continuous financialoptimization for the mining enterprise.

Alight Mining aide les plus importantessociétés minières du monde à atteindre unrendement financier supérieur grâce àl’optimisation financière continue. Lesapplications Alight Mining vous permet-tent de :• Mesurer et comparer l’impact des chan-

gements de l’industrie sur votre entre-prise minière

• Optimiser votre performance financièreen faisant des scénariosmultiples “What-if “

• Notez vos décisions et de les utiliserpour comparer et analyser les résultatsréels

• Alight Mining – optimisation financièrecontinue pour l’entreprise minière.




AMEC Bob Stanlake400-111 Dunsmuir St. Vancouver, BC V6B 5W3% (604) [email protected]

AMEC develops some of the most chal-lenging mining projects in the world. Weare known for our comprehensive EPCMservices for new projects and existing mineoperations, as well as for complete miningand geology consulting, environmentalassessment, mine design, and water treat-ment expertise. AMEC operates more than300 offices around the world including cen-tres of mining expertise on five continents.

ArcelorMittal Mining Canada G.P.Steve Wood1400-1801 rue McGill College Montreal, QC H3A 2N4% (514) 285-1464 x: 1292 (PA)www.transformerlavenir.com

ArcelorMittal produces and ships annuallyabout 24 million tons of iron ore productsin global markets. It operates extensivefacilities on the Quebec North Shore: amining complex railway; a pellet plant; aport; and maintenance shops.

Committed to the principles of sustainabledevelopment and backed by the immensetalent of nearly 2,800 employees, Arcelor-Mittal Mining and Infrastructure CanadaG.P. are owned 85 per cent by ArcelorMit-tal, the world’s number one steel company,and 15 per cent by Posco/China Steel Cor-poration.

ArcelorMittal produit et expédie annuelle-ment environ 24 millions de tonnes deproduits de minerai de fer sur les marchésmondiaux. La Société exerce ses activitéssur la Côte-Nord où elle possède d’impo-santes installations (complexe minier,chemin de fer, usine de bouletage, port etateliers d’entretien).

Souscrivant aux principes du développe-ment durable et s’appuyant sur l’immensetalent de ses quelque 2,800 employés,ArcelorMittal Exploitation minière et Infra-structure Canada s.e.n.c. sont la propriétéà 85 % du Groupe ArcelorMittal, numéro unmondial de la sidérurgie, et à 15 % duconsortium Posco/China Steel Corporation.

Atlas Copco Mining and Rock ExcavationTechnique CanadaAnne Marie Grossi 1025 Tristar Dr.Mississauga, ON L5T 1W5% (289) 562-0100www.atlascopco.com

Atlas Copco Mining and Rock ExcavationTechnique Canada is a sales and servicecompany within the Atlas Copco Group,serving construction and mining indus-tries throughout Canada. We offer anextensive product range for a variety ofunderground and surface mining, as wellas construction applications covering themining cycle entirely – from exploration allthe way through to crushing. With regionalhubs strategically located across Canadaand 23 branch locations scattered nation-ally, our increased presence acrossCanada helps enhance the proficiency ofour customer service and supportthroughout the country.

Le pôle Mining and Rock Excavation Tech-nique d’Atlas Copco Canada est une entre-prise de ventes et de services, à l’intérieurdu Groupe Atlas Copco, qui répond auxexigences des industries minière et de laconstruction à travers le Canada. Nousoffrons une vaste gamme de produits des-tinés à l’exploitation minière souterraineet de surface, de même que des applica-tions de construction conçues pour lesprincipales étapes du cycle minier allantde l’exploration jusqu’au concassage.Grâce à ses centres régionaux stratégi-quement situés partout au Canada et à ses23 filiales établies sur l’ensemble du pays,notre présence accrue au Canada nouspermet d’améliorer l’efficacité de notreservice à la clientèle ainsi que la satisfac-tion des clients partout au pays.

Ausenco Hilary Pritchett855 Homer St.Vancouver, BC V6B 2W2 % (604) [email protected]

Ausenco is a diversified engineering com-pany operating worldwide in the marine,bulk handling, mining infrastructure,energy, oil and gas, power and industrial

sectors. Ausenco provides unbiased, inde-pendent engineering and managementservices for projects of all sizes. Frommines to pipelines, ports, bulk terminalsand infrastructure, we deliver ingenioussolutions to optimize our clients’ resources.

Axter Coletanche Inc.Daniel Crevier301-1030 Beaubien Est Montreal, QC H2S 1T4% (514) 903-1912www.coletanche.com

More than 14 million square metres ofCOLETANCHE® bituminous geomem-branes manufactured by Axter have beenlaid worldwide, thus making it a stellarwaterproofing product for civil engineer-ing. Its high performance and adaptabilityto all types of terrain mean that it can beused in numerous ways: for the protectionof the environment (the storage of solidand liquid waste; platforms for bottom ashstabilization or composting of greenwaste); water resource management(dams, reservoirs, containment basins,canals); and transportation (motorwayditches, protection of railway ballasts).

Avec plus de 14 millions de mètres carrésposés à travers le monde, la géomem-brane bitumineuse COLETANCHE® fabri-quée par Axter est aujourd’hui un produitd’étanchéité phare du Génie Civil. Seshautes performances et son adaptabilité àtous les types de sol lui ont ouvert de mul-tiples applications dans le domaine de laprotection de l’environnement (stockagede déchets solides ou liquides, plate-formes de maturation de mâchefers ou decompostage de déchets verts), de l’hy-draulique (étanchéité de barrages, deretenues d’eau, de bassins de confine-ment, de canaux), ou des transports (fos-sés autoroutiers, protection du ballast desvoies ferrées).



Barrick Gold CorporationAndy Lloyd3700-161 Bay St., Brookfield PlaceTD Canada Trust TowerToronto, ON M5J 2S1% (416) 891-9911www.barrick.com

Barrick is the world’s largest gold pro-ducer. We operate mines across four conti-nents, including some of the world’spremier gold assets. Our vision is to be thebest gold mining company by operating in asafe, profitable and responsible manner.

BASFBrad Knight415 Greenwood Ave.North Bay, ON P1B 5G3% (705) 499-8448brad.knight@basf.comwww.master-builders-solutions.basf.us

Through its Master Builders Solutionsbrand, BASF is a leading supplier of under-ground solutions. By connecting our Mas-terRoc products (formerly MEYCO) with ourMining and Tunnelling customers, we pro-vide solutions that help them to becomemore successful, even in highly challeng-ing ground conditions. BASF has thelargest range of products and servicesavailable to meet needs and solve prob-lems in Mining and Tunnelling, in both softground or hard rock conditions. We offer afull range of products such as additives forconcrete and shotcrete, structural fibers,injection systems for ground stabilizationand water control as well as chemicals forbackfill systems.

BAT Construction Ltd.Delores LaGreca10230 Dallas Dr., PO Box 118Kamloops, BC V2C 5K3% (250) 573-1222www.batconstruction.com

Benshaw CanadaChris Taplay550 Bright St. EListowel, ON N4W 3W3% (519) [email protected]

Benshaw has been manufacturing solidstate soft starters for more than 30 yearsand has become one of the largest startermanufactures in the world. Capabilitieshave grown to include complete motor con-trol solutions including soft starters, full-voltage starters, variable speed drives,combination packages, MV switchgearlineups, mining skids and load breakswitches. Custom engineered productsavailable for starting all types of AC motorssuch as standard induction, synchronous,wound rotor and two speed.

BKT Tires Canada Inc.Keshav Das401-55 York St.Toronto, ON, M5J 1R7% (780) [email protected]

BKT is a global specialty tire manufacturerproducing more than 2,200 SKUs rangingfrom large earthmover to industrial andagriculture tires. BKT services end users,large-tire distributors and OEMs in morethan 120 countries. All tires are producedin our four state-of-the-art manufacturingplants in India. BKT has subsidiaries inEurope, the United States, and Canada, toservice end users and support its productdevelopment activities.

BKT est un fabricant mondial de pneus spé-cialisés, produisant plus de 2 200 UGSallant de pneus pour gros engins de terras-sement aux pneus industriels et agricoles.BKT répond aux besoins de l’utilisateurfinal, du grand distributeur de pneus et del’équipement d’origine dans plus de 120pays. Tous nos pneus sont produits dansnos quatre usines de fabrication à la finepointe de la technologie situées partout enInde. BKT a des filiales en Europe, auxÉtats-Unis et au Canada pour répondre auxbesoins de l’utilisateur final et soutenir sesactivités de développement de produits.

BENSHAWADVANCED CONTROLS & DRIVES

BlackRock Metals Inc.Jean Rainville 1606-1080 Cote du Beaver HallMontreal, QC H2Z 1S8% (514) 316-7281www.blackrockmetals.com

BlackRock Metals is a privately financedCanadian mining company with a 100-per-cent-owned world-class iron ore propertyin one of the most prolific mining regions inthe world. Its high-performance culture isguided by its core values of putting peoplefirst, operating on budget in a safe, envi-ronmentally sound manner and maintain-ing a high standard of social responsibilityand social acceptance of our projects.

Métaux BlackRock est une société minièrecanadienne à financement privé avec unepropriété de minerai de fer de classe mon-diale dans l’une des régions minières lesplus prolifiques au monde. Sa culture dehaut rendement est guidée par ses valeursfondamentales : prioriser les gens, fonc-tionner de manière sûre et écologique-ment responsable, et maintenir un niveauélevé de responsabilité sociale et d’accep-tance sociale de nos projets.

Boart Longyear Terry Kirkey2570 West 1700 SouthSalt Lake City, UT, USA 84104% (801) 952-8457www.boartlongyear.com

Boart Longyear (ASX: BLY) is the onesource for drilling services, drilling equip-ment, and performance tooling for miningand drilling companies around the globe.The company also offers water exploration,environmental sampling, and energy andoil sands exploration services. BoartLongyear offers drilling services in morethan 40 countries and provides miningproducts in over 100 countries.



BradkenGabe Larose400-90 Richmond St. E Toronto, ON M5C 1P1% (416) [email protected]

Bradken’s mineral processing division is amarket leader in the design, manufactureand supply of differentiated high-qualitymill and crusher products and services forthe mining and quarrying industries. Ourbusiness focuses on providing customerswith innovative, cost-effective, completewear liner solutions for mills and crushers,designed to increase performance andreduce operating costs in grinding andcrushing operations.

La division du traitement de minerai deBradken est le chef de file mondial de laconception, la fabrication et l’approvision-nement de produits et services de qualitépour les broyeurs et concasseurs de l’in-dustrie des mines et des carrières. Notreentreprise a pour but principal de fournirdes solutions complètes, innovatrices et

au meilleur prix pour les revêtements debroyeurs et de concasseurs. Ils sontconçus pour améliorer la performance etréduire les coûts des opérations debroyage et de concassage.

Brandt TractorJim ThompsonHwy 1 East, PO Box 3856Regina, SK S4P 3R8% (306) 791-7777www.brandt.ca

Brandt is “Deeply Invested” in mining andconstruction equipment, offering a widerange of top-quality products and servicesto the mining sector for both above andbelow ground applications. From newpace-setting technologies for positioning,mapping and scanning, to industry exclu-sive and purpose-built production andmaintenance equipment, Brandt is both amanufacturer and a re-seller with an inter-national footprint and an unrivalled trackrecord for superior, 24/7 customer sup-port.

Brandt Mining is part of the Brandt Groupof companies. With more than 80 years ofexperience, Brandt is committed to deliv-ering value to our customers by doingwhatever it takes to keep them productiveand profitable.

Brault Maxtech Inc.Marcel Brault525 Ave. Notre Dame, 2e étageSaint-Lambert, QC J4P 2K6% (450) [email protected]

Exclusive manufacturer representative inthe province of Quebec for the followingmanufacturers: Trojan Technologies Park-son, Aerzen Canada, AWI, Claro, CON-V-AIR, Premier Tech, Lamor-Slickbar, SSI,Hydro International, Huber Technology,Invent, Atlas Copco, NEFCO, BoergerPumps, Schwing Bioset, GEA Westfalia,Membrane Specialists, Stamford Scientificand Evoqua Water Technologies.


2015

For further details contact: SAIMM, Conference Co-ordinator,

Camielah JardineTel: 27 (11) 834-1273/7

Facsimile 27 (11) 838-5923E-mail: [email protected]

Website: www.saimm.co.za

PRE-CONFERENCEWORKSHOPSPre-conference workshops will beorganised in conjunction withWorld Gold 2015:Geometallurgy WorkshopGold Processing Workshop

Building a Resilient Gold Mining Industry

TOPICSWorld Gold 2015 will reflect on thesekey issues with greater focus onimproved efficiency and the latesttechnology in:� geological mapping� gold mining� mineral processing, and� extraction and refining� human resources� financial resources� computer assisted exploration

targeting in gold exploration� application of partial extraction

methods in gold exploration� geochemical and/or mineralogical

haloes as indicator for gold targets� ‘Black Smokers’ as exploration

targets for gold� are there still mega gold deposits

waiting to be discovered?� Brownfields gold exploration, as

success story. Thus, we are focusing on moreenvironmentally friendly, resourceefficient and energy efficient mining and recovery methods.

SPONSORSHIPSponsorship opportunities are available.Companies wishing to sponsor or exhibitshould contact the Conference Co-ordinator.

28 September 2015 · Workshop29 September–1 October 2015 · Conference

2 October 2015 · Technical VisitsMisty Hills, Gauteng, South AfricaIncorporating geology, metallurgy and mining

The Southern African Institute of Mining and Metallurgy (SAIMM), theCanadian Institute of Mining, Metallurgy and Petroleum (CIM) and theAustralasian Institute of Mining and Metallurgy (AusIMM) will jointly convenea World Gold Conference every two years. In 2015 it will be held inJohannesburg, South Africa and hosted under the auspices of the SAIMM.Some important aspects of the current mining environment will provideopportunities and threats for the industry in the foreseeable future, whichinclude: � Gold price volatility� Minimal exploration success for the last 10 years and little immediate

prospect for revolutionary success is leading to revisiting known ‘old’(sub-marginal) deposits

� Lower precious metal content� Increasing refractoriness� More energy efficient mining and processing� Decreasing equity risk for juniors and mid-tiers� Maximising long-term optionality

Conference Announcement

The Canadian Institute of Mining,Metallurgy & Petroleum

Sponsors:

Conference Chair:Andries Swart

AngloGold Ashanti

A




Représentant exclusif pour la Province deQuébec des manufacturiers suivants: Tro-jan Technologies, Parkson, AerzenCanada, AWI, Claro, CON-V-AIR, PremierTech, Lamor-Slickbar, SSI, Hydro Interna-tional, Huber Technology, Invent, AtlasCopco, NEFCO, Boerger Pumps, SchwingBioset, GEA Westfalia, Membrane Specia-lists, Stamford Scientific and EvoquaWater Technologies.

Caledonia MiningCorporationMark Learmonth1201-67 Yonge St. Toronto, ON M5E 1J8% (416) 369-9835www.caledoniamining.com

Caledonia is an African-focused miningand exploration company, which owns 49per cent of the Blanket Gold mine in Zim-babwe and a copper-cobalt explorationproject in Zambia. The Blanket Gold minecurrently produces in excess of 40,000ounces of gold per annum and is one ofAfrica’s lowest cost gold producers. TheBlanket Gold mine has received its Indige-nization Compliance certificate. Caledoniais listed on the TSX (CAL) and AIM (CMCL)and its shares are traded in the UnitedStates on the OTCQX (CALVF).

Candente CopperCorporationJoanne Freeze1650-400 Burrard St. Vancouver, BC V6C 3A6% (604) 689-1957www.candente.com

Vancouver-based Candente Copper isdeveloping the large-scale CañariacoNorte copper deposit located in northernPeru. The deposit contains Measured andIndicated Resources totalling 752.4 milliontonnes grading 0.52 per cent Cu equivalent,containing 7.5 billion pounds of copper, 1.7million ounces of gold, and 45.2 millionounces of silver. A feasibility study is cur-rently underway, led by AMEC AmericasLtd. Its March 2011 prefeasibility studyprogress report concluded the project hasan after-tax NPV of US$912 million, IRR of17.2 per cent, and payback period of 4.4years at US$2.25/lb copper, and a discountrate of eight per cent.

CBleue Inc. Lorraine Simard2001-1 Place Ville MarieMontreal, QC H3B 2C4% (514) [email protected]

CBleue is a corporate social responsibility(CSR) consulting firm with its main opera-tions located in Quebec, but it is also activein Europe and Africa. Our clients aremainly in the mining and metallurgicalsectors. We offer tailor-made consultingand audit services for organizations thatwant to integrate best CSR managementpractices; risk and conformity manage-ment; improve their social acceptability;develop or improve their stakeholderengagement strategy; and assure theirenvironmental and management frame-works compliance and reporting compli-ance with best practices.

CBleue offre du service-conseil personna-lisé en responsabilité sociétale et environ-nementale, au Québec surtout, avec desinterventions en France et en Afrique,principalement dans les secteurs minierset métallurgiques. CBleue conseille etaudite les entreprises dans leur processusd’intégration de bonnes pratiques de ges-tion de la responsabilité sociétale (RSE-DD); leur gestion des risques et deconformité, leur acceptabilité sociale, leurstratégie d’engagement avec les partiesprenantes, la conformité de leurs sys-tèmes de gestion et environnementauxainsi que leur reddition de compte selonles meilleurs standards internationaux.

Centre for Excellence inMining Innovation (CEMI)Shannon Katary935 Ramsey Lake Rd. Sudbury, ON P3E 2C6% (705) [email protected]

The Centre for Excellence in Mining Inno-vation (CEMI) directs and co-ordinatesstep-change innovation in the areas ofexploration, deep mining, integrated mineengineering, the environment and sustain-ability for the metal mining industry. With aseasoned team of program directors, CEMIidentifies, assesses and manages indus-

try-focused applied R&D projects thatextend from geology and engineering tothe natural sciences. We recognize innova-tion is a three-phase process: researchand development, and implementation(R&D, I). With implementation, we turninnovative ideas into best practices.

CK LogisticsStéphane Lavallée6750 ch. Saint-François Saint-Laurent, QC H4S 1B7% (514) 856-7580 x: [email protected]

Established in 1998, CK Logistics is a sub-sidiary of TransForce Inc. (TFI), a NorthAmerican leader in the transportation andlogistics industry. CK Logistics offers itsclients a vast and varied pool of equipmentto meet all their transportation needs.Regardless of your shipment’s point of ori-gin, destination or dimensions, CK Logis-tics offers reliable and effective solutionsdesigned to give you peace of mind, allow-ing you to focus on the success of youroperation. We are your total transportsolution!

Fondée en 1998, l’entreprise CK Logisticsest une division de TransForce (TFI), unchef de file nord-américain du transport etde la logistique. CK Logistics offre à saclientèle une flotte d’équipements detransport aussi vaste que variée, pouvantrépondre aux plus grandes exigences en lamatière. Depuis ses débuts, l’équipe de CKLogistics a toujours fait preuve d’origina-lité, de persévérance, d’audace et dedétermination afin d’offrir les meilleuressolutions d’affaires en logistique et entransport.

Colossus Minerals Inc.Ann Wilkinson401-1 University Ave. Toronto, ON M5J 2P1% (416) 643-7655www.colossusminerals.com

Colossus is a Canadian-based explorationand development company. Our primaryfocus is to advance the Serra Pelada proj-ect, located in Para, Brazil, into production.Serra Pelada is host to one of the highestgrade gold and platinum group metalsdeposits in the world.


Conspec Controls LimitedJohn H. Williams25 Klondike Dr.Toronto, ON M9L 1S1% (416) [email protected]

For more than 45 years, Conspec has pio-neered the design, development and man-ufacturing of environmental andatmospheric monitoring, process controland safety technology relied upon by min-ing operations all over the world. Ourrange of environmental and conditionmonitors, field and area control equip-ment, tracking systems, communicationssolutions, and PLC/SCADA software sys-tems are designed, built and tested tothrive in the harshest of conditions andenvironments. Conspec is an industryleader in innovative and cost-effectivesolutions that maximize your operation’sperformance, production and profits.

Copper DevelopmentAssociation Inc.Andrew G. Kireta Sr.260 Madison Ave., 16th Floor New York, NY, USA 10016% (212) 251-7200www.copper.org

Copper Development Association Inc.(CDA) is a U.S.-based, not-for-profit asso-ciation of the global copper industry, influ-encing the use of copper and copper alloysthrough research, development and educa-tion, as well as technical and end-usersupport. CDA is committed to promotingthe proper use of copper materials in sus-tainable, efficient applications for busi-ness, industry and the home.

COREMClaire Lavallée1180 rue de la Minéralogie Quebec, QC G1N 1X7% (418) [email protected] www.corem.qc.ca

COREM is the largest research centre inCanada totally devoted to mineral processing.

Recognized as a world-class researchorganization, COREM provides a wide rangeof services to companies that explore anddevelop ore bodies and transform or recy-cle mineral substances. COREM’s facilitiesare unique in Canada for their size anddiversity of equipment. With a versatile pilotplant of 5,300 square metres, an analyticalservices laboratory certified ISO/IEC17025:2005 and a pyrometallurgical char-acterization laboratory certified ISO9001:2008, COREM is capable of offering acomplete range of services to the mineralindustry for all major commodities. Itsenvironmental management system is cer-tified ISO 14001:2004 and covers all COREMactivities.

COREM est le plus grand centre derecherche au Canada totalement dédié autraitement de minerais. Égalementreconnu comme un centre de recherchede calibre international, COREM fournit unlarge éventail de services aux compagniesexplorant et développant de nouveauxgisements et transformant ou recyclantdes substances minérales. Les installa-tions de COREM sont uniques au Canadapar leur taille et par la diversité des équi-pements. Avec une usine pilote polyva-lente couvrant 5 300 m2, un laboratoire deservices analytiques certifié ISO/CEI17025:2005 et un laboratoire de caractéri-sation pyrométallurgique certifié ISO9001:2008, COREM est en mesure d’offrirune gamme complète de services à l’in-dustrie minière, peu importe le type deminerai. Son système de management envi-ronnemental est certifié ISO 14001:2004 etcouvre l’ensemble de ses activités.

Crevier LubrifiantsDaniel Talbot2320 rue de la MétropoleLongueuil, QC J4G 1E6% (450) [email protected]

Crevier Lubricants is a wholly owned sub-sidiary of Groupe Crevier that covers thelubricant sector. Well-entrenched in theindustry, Crevier Lubricants is now one ofthe foremost independent lubricant enter-prises in the eastern part of Canada. Byestablishing partnerships with forefrontlubricants producers such as Chevron®and BioBlend®, the company can offer adiversified and complete line of lubricantsand ancillary products to meet the needs ofits clients. Crevier Lubricants is ISO9001:2008 certified for its lubricant design,manufacturing and distribution activities.

Crevier Lubrifiants est une filiale à partentière du Groupe Crevier œuvrant dans lesecteur des lubrifiants. Solidementimplantée dans son industrie, CrevierLubrifiants est aujourd’hui une des entre-prises indépendantes dominantes du sec-teur des lubrifiants dans l’est du Canada.En établissant des partenariats avec lesplus avant-gardistes producteurs de lubri-fiants, tels que Chevron® et BioBlend®,l’entreprise s’est assurée de pouvoir offrirune gamme diversifiée et complète delubrifiants qui répondent à tous lesbesoins de sa clientèle. Crevier Lubrifiantsdétient la certification ISO 9001:2008 pourla conception, fabrication et distribution delubrifiants.

Cullen Diesel Power Ltd.Alan Spetch9300 192nd St. Surrey, BC V4N 3R8% (604) [email protected]

Cullen Diesel Power Ltd. provides sales,parts and service for MTU, Detroit Dieseland Mercedes-Benz engines, AllisonTransmissions, and MTU Onsite EnergyPower Generation generator sets. Cullenalso provides parts and service for minehaul trucks. Our highly trained sales andtechnicians team provides our customersin British Columbia with reliable and eco-nomical products and services through ourMTU, Detroit Diesel and MTU OnsiteEnergy worldwide distributor network.

CWA Engineers Inc.Steven Yee380-2925 Virtual Way Vancouver, BC V5M 4X5% (604) [email protected]

By combining a great team of industry pro-fessionals, innovative yet practical solu-tions, and the proven ability to save ourclients tens of millions of dollars in capital,maintenance and operational costs, CWAEngineers offers the best value for yourproject. We provide comprehensiveEPC/EPCM services for every stage of theproject life cycle from planning and feasi-bility studies to detailed design, procure-ment, project management, construction





and commissioning. With our core expert-ise in materials handling we specialize inefficiently moving product from mines tomarket, saving our clients time and money,while increasing throughput and revenue.

Cypher Environmental Ltd.Patricia Mori1149 St. Mathews Ave., 2nd Floor Winnipeg, MB R3G 0J8% (204) [email protected]

Cypher Environmental is a leading providerof 100 per cent environmentally friendlyand cost-effective mine haul road solu-tions. EarthZyme is a unique soil stabilizerused to significantly increase the perform-ance of clay-based haul roads, reducingtheir maintenance requirements and costs,and eliminating the need for gravel. DustStop is extremely effective at eliminatingdust on haul roads and is also an effectivedust control and erosion control productfor tailings piles of any kind.

D3 Mining SolutionsThomas Fisher 101-2301 Ave. C NorthSaskatoon, SK S7L 5Z5% (306) [email protected]

D3 Mining Solutions is dedicated to provid-ing quality products and exceptionalpre/post-sale support to the mining, oiland gas, and industrial sectors. We offermany Canadian-manufactured productsthat were not only designed for miningapplications but developed with the helpand input from mining professionals. Cur-rently, D3 is proud to offer: ventilation, caplamps, collision avoidance, communicationplatforms, safety products, explorationequipment, gas detection, replacementparts for mining equipment, storage struc-tures, and LED lighting products.

Dassault Systèmes Canada Software Inc.Patricia Ceron1100-1066 Hastings St. WVancouver, BC V6E 3X1% (604) [email protected]/GEOVIA

Dassault Systèmes, the 3DEXPERIENCE®Company, provides business and peoplewith virtual universes to imagine sustain-able innovations. Its world-leading solu-tions transform the way products aredesigned, produced and supported. Das-sault Systèmes’ collaborative solutionsfoster social innovation, expanding possi-bilities for the virtual world to improve thereal world. The group brings value to over190,000 customers of all sizes in all indus-tries in more than 140 countries. For moreinformation, visit www.3ds.com. DassaultSystèmes’ solutions for mining, whichinclude its GEOVIA software applications,lead the way in delivering tomorrow’s inno-vations in modelling and simulation formining and is home to world-renownedsolutions including Surpac, GEMS, Minex,Whittle, MineSched, PCBC, Hub and InSite.

De Beers Canada Tom Ormsby900-250 Ferrand Dr. Toronto, ON M3C 3G8% (416) 645-1710www.debeersgroup.com/canada

De Beers has been active in Canada formore than 50 years, growing from a smallgroup of geologists in the field to havingmultiple offices and operations across thecountry. De Beers Canada has two produc-ing mines – Snap Lake mine in the North-west Territories, and Victor mine innorthern Ontario – the Gahcho Kué project,Canada’s next great diamond mine, and atargeted exploration strategy withinCanada.

Dominion DiamondCorporationKelley StammPO Box 4569, Stn. A Toronto, ON M5W 4T9% (416) 362-2237www.ddcorp.ca

Dominion Diamond Corporation is a Cana-dian diamond mining company with owner-ship interests in two major producingdiamond mines located in the low-politicalrisk environment of the Northwest Territo-ries. The company operates the Ekati dia-mond mine through its 80 per centownership as well as a 58.8 per cent own-ership in the surrounding areas contain-ing additional resources, and owns 40 percent of the Diavik diamond mine. It sup-plies rough diamonds to the global marketthrough its sorting and selling operationsin Canada, Belgium, and India, and it is theworld’s third largest producer of rough dia-monds by value.

Dragon Global GroupKatherine TamUnit 1901, 19/F, AIA Financial Centre, 712Prince Edward Road East, San Po Kong,Kowloon, Hong Kong% (852) [email protected]

Dragon Global Group is an independentconsulting company founded in Hong Kong.We provide one-stop services in miningexploration and exploitation, projectfinancing, project mergers, acquisitionsand corporate appraisal services. Weengage in different stages of mining proj-ects, offering consultation services andindependent technical reports. Valuationservices for projects are also available. Asfor corporate appraisal services, we pro-vide comprehensive consultation servicescovering all investment procedures rang-ing from project screening to investmentexit strategy.

DEEPLY INVESTED IN MINING.

Above ground or below, Brandt designs, manufactures, sells, and services quality mining equipment nationwide.Brandt’s mission is to deliver value to our customers through our core values of quality, innovation, commitment, and customer focus. We’re committed to meeting the needs of our mining customers by helping you increase uptime and lowering your operating costs. From proven performers like John Deere’s loaders, dozers, and excavators to Brandt manufactured bolters, lube trucks, graders, and transporters Brandt delivers the products you want and the service you need. Now with 27 branches nationwide, we’re always nearby to support you, when and where you needs us. That’s Powerful Value. Delivered.

1-306-570-7866 [email protected]

brandt.ca

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DSI Mining CanadaDebi Smith3919 Millar Ave.Saskatoon, SK S7P 0C1% (306) [email protected]

DSI offers a complete product line for min-ing and tunnelling ground support. Eachsupport system is custom tailored and pro-fessionally engineered to the customer’sspecific application. DSI is committed tomeeting customers’ needs and is continu-ously improving their products and serv-ices. DSI’s innovations, products andservices have moved the undergroundindustry forward in efficiency and safety.DSI’s underground activities in NorthAmerica include four manufacturing plantsin Canada, six in the United States, and onein Mexico.

DSI offre une gamme complète de produitsde support de terrain pour l’industrieminière et la construction de tunnels.Chaque type de support est adapté auxbesoins à partir de spécifications définiespar l’ingénierie et des applications sontfabriquées sur mesure et selon ces spéci-fications. DSI maintient ces exigences danstous ses produits et services en vue de ren-contrer les besoins des différents utilisa-teurs. L’ensemble des innovations, laqualité de ses produits ainsi que de sonservice, ont propulsé l’industrie vers desgains en efficience et en santé et sécuritépour sa clientèle. Les activités enAmérique du Nord incluent quatre usinesau Canada, six aux États-Unis et une auMexique.

Dyno Nobel Janette Weaver500-2795 E. Cottonwood PkySalt Lake City, UT, USA 84121% (801) 321-6981www.dynonobel.com

Customers in the mining, quarry, con-struction, pipeline and geophysical explo-ration industries choose Dyno Nobel forour quality products, reliable service andtechnical expertise. Dyno Nobel is themarket leader in North America, with facil-ities in Australia, Canada, the UnitedStates, Indonesia, Mexico, South America,and Papua New Guinea. Dyno Nobel is

renowned for its excellent safety perform-ance and being a provider of innovativeexplosive products and services which,together, deliver groundbreaking perform-ance for its customers.

Les clients œuvrant dans le domaine desmines, des carrières, de la construction,des pipelines et de l’exploration géophy-sique choisissent Dyno Nobel pour sesproduits de qualité, son service fiable etson expertise technique. Dyno Nobel est lechef de file du marché en Amérique duNord, avec des installations partout à tra-vers le monde. Dyno Nobel est reconnupour son rendement exceptionnel enmatière de sécurité ainsi qu’en tant quefournisseur de produits et services innova-teurs qui lui permettent d’offrir à sesclients un rendement hors pair.

Eco Waste SolutionsJean Lucas14-5195 Harvester Rd. Burlington, ON L7L 6E9% (905) [email protected]

Eco Waste Solutions (EWS) custom engi-neers and manufactures advanced wasteincineration and waste-to-energy systems.Capabilities include a range of waste mate-rials such as kitchen and domestic waste,medical waste, sewage sludge and wasteoils. These innovative, easy-to-use sys-tems are field proven in extreme mininglocations like the Arctic, desert, tropics,and high elevations. This track record, inaddition to superior environmental per-formance and product durability, sets EWSapart from other suppliers worldwide.

Eco Waste Solutions (EWS) conçoit etfabrique des systèmes technologiquementavancés d’oxydation thermique et de trans-formation des déchets en énergie. Une vastegamme de déchets peuvent être traités, telsque les déchets domestiques et médicaux,les boues d’épuration et les huilesusées.Ces systèmes, qui sont technologi-quement avancés et faciles à utiliser, ontdémontré leur capacité dans des emplace-ments miniers extrêmes tels que les régionsarctiques, climats tropicaux et en haute alti-tude. Cette feuille de route, ainsi que la per-formance environnementale et la durabilitéde ses produits, permet à EWS de se distin-guer des autres fournisseurs d’oxydationthermique à travers le monde.

Element Mining Ltd. Devon Eastwood967 Falconbridge Rd.Sudbury, ON P3A 5K8% (705) 525-6163www.elementminingltd.com

Element Mining Ltd. is a mining companybased in Sudbury, Ontario, Canada. Thecompany is focused on providing mechani-cal services underground and explosivesaccessories. Element Mining Ltd. also spe-cializes in various mining equipment formine construction and maintenance.

Emerson Electric Canada LimitedThomas W. Cleland306 Town Centre Blvd.Markham, ON L3K 0Y6% (905) [email protected]

Emerson Electric in Mining - Extract morewith a 120-yr-old, $25B/yr Global Fortune500 Company, serving the mining industryfor 80+ years.

Products and services from 70+ divisionsincluding: specialized tools, industrialelectrical and power equipment, haz-ardous location electrical enclosures,commercial and industrial power-qualityand power generation, mechanical equip-ment, pneumatic valves, actuators andcontrols, VFD electric motor drives andmodular MCC drive centers, digital processplant control systems, process analytics,automation and instrumentation.

Festo5300 Explorer Dr.Mississauga, ON L4W 5G4% (877) GO FESTOwww.festo.ca

Festo is a global player and independentfamily-run business based in Esslingen,Germany, which supplies pneumatic andelectric automation technology to 300,000factory and process automation customers




in more than 200 sectors. Festo applies itsmore than 50 years of experience inautomation technology to process automa-tion within the field of metal and mineralprocessing – with complete automationsolutions that are individually tailored tothe requirements of plant operators.

Festo est une entreprise familiale indé-pendante localisée à Esslingen en Alle-magne. Elle fournit mondialement destechnologies d’automatisation électriqueet pneumatique à 300,000 usines et auxclients en automatisation de procédésdans plus de 200 secteurs. Festo a plus de50 années d’expérience en technologied’automatisation pour l’automatisationdes procédés dans le domaine de la trans-formation des métaux et des minéraux –avec des solutions d’automatisation com-plètes qui sont adaptées individuellementselon les besoins des usines.

FLSmidth7158 S. FLSmidth Dr. Midvale, UT, USA 84047-5559% (801) [email protected]

FLSmidth is your one source for theworld’s largest installed base of originalequipment including: crushing, grinding,classifying, flotation, thickening, clarifying,filtration, precious metals recovery, pyro-processing, slurry handling, material han-dling, automation, metallurgical testing,parts and services. We offer experience,proven reliability and enhanced perform-ance from leading minerals industrybrands including: DORR-OLIVER, EIMCO,FFE, KREBS, WEMCO, PNEUMAPRESS,MÖLLER, VECOR, ABON, RAHCO, CEntry,Raptor Crushers, Fuller-Traylor, CON-VEYOR ENGINEERING, KOCH-MVT, Daw-son, Summit Valley, Knelson and Ludowici.

FLSmidth est votre fournisseur uniqued’équipements ayant la plus grande baseinstallée dans le monde qui inclus : leconcassage, le broyage, la classification,la flottation, l’épaississement, la clarifica-tion, la filtration, la récupération desmétaux précieux, le pyrotraitement, lepompage, la gestion du vrac, l’automatisa-tion, les essais métallurgiques, les pièceset le service . Nous offrons l’expérience, lafiabilité éprouvée et des performancesexceptionnelles de grandes marquestelles : DORR-OLIVER, EIMCO, FFE,KREBS, WEMCO, PNEUMAPRESS, MÖL-LER, VECOR, ABON, RAHCO, CEntry, Rap-tor Crushers, Fuller-Traylor, CONVEYORENGINEERING, KOCH-MVT, Dawson,Summit Valley, Knelson et Ludowici.

FLSmidth Ltd.Mike McLeavy19855 98 Ave. Langley, BC V1M 2X5% (604) 888-4015www.flsmidth.com

FLSmidth Ltd. is a leading supplier ofequipment and services to the globalcement and minerals industries. Our Lan-gley, British Columbia, office specializes inprecious metal and high-density mineralrecovery with key equipment including theKnelson Batch Concentrator, KnelsonContinuous Variable Discharge (CVD) Con-centrator, gravity recovery modules andConsep Acacia, all of which have con-tributed to making us a world leader incentrifugal gravity recovery equipment.Using a combination of laboratory testwork, design and engineering expertise,alongside manufacturing services, we areable to provide comprehensive solutions toclients around the globe.

Fountain Tire Mine Service Ltd.Dan Parker130 Lafarge Rd. Kamloops, BC V2C 6T5% (250) 573-5315; (888) 637-7687

Frontline IntegratedServices Ltd.Terry Barber7708 48th St. SE Calgary, AB T2C 5H5% (403) 720-6011www.frontlineisl.com

Frontline Integrated Services Ltd. providesfully integrated services supporting theenergy, resource and civil constructionindustries. Frontline is committed to exe-cuting projects with precedence on safetyand the environment. We deliver profes-sional, innovative and quality results,meeting or exceeding our customers’expectations in the process. Our core serv-ice offerings include: environmental con-struction such as landfill, pond, watercourse crossing and coffer dam; remedia-tion and reclamation; decommissioningand demolition; pipeline integrity; repair;abandonment; discontinuation; and HDDsupport.

Fusionex une compagnie de WolseleyBrian Parker2855 rue Étienne-LenoirLaval, QC H7R 6J4% (450) 963-3010www.hdpe.ca

Fusionex specializes in the distribution andfusion of HDPE pipes and fittings as well asa multitude of related products. Fusionservices on site are made by experiencedand certified technicians. Fusionex oper-ates in many areas of activity such as min-ing, municipal infrastructures, industry,pulp and paper, the environment (leachatecollection), telecommunication, electricity,natural gas, irrigation, aquaculture, etcetera.

Fusionex se specialise dans la distributionet la fusion de tuyaux et raccords en PEHDainsi qu’une multitude de produitsconnexes et un service de fusion par destechniciens experimentés et certifiés.Fusionex œuvre dans plusieurs secteursd’activités tels que : minières, infrastruc-tures minicipales, industrielles, pâtes etpapiers, environnementales (bio-gaz),télécommunications, électriques,gazières, irrigations, aquacultures, acéri-cultures, et cetera.

GEA Westfalia Separator Inc.Derek Ettie100 Fairway CtNorthvale, NJ, USA 07647% (201) [email protected]

GEA Westfalia Separator offers a full rangeof products in the separation categories,including high-performance separatorsand decanters. Our equipment is used forclassification, thickening and dewateringof minerals, as well as for crud treatmentand solvent recovery. Of special interest isthe GEA Westfalia Separator ecoforcedecanter. This new decanter has beendesigned for maximum separation, dura-bility and dramatically reduced energy con-sumption, and it incorporates a four-stagehigh-torque drive.

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Geohart Consultants Pty Ltd.Wouter Hartman24-195 Wellington Rd., Building 4 Clayton,VIC, Australia 3168% 61-4-1842-5069Wouter.Hartman@geohartconsultants.com.auwww.geohartconsultants.com.au

Geohart consultants is a mining consultancythat provides a range of services for the min-ing industry with a focus on: geological eval-uation; interpretation and site services;mining geotechnical site investigations; rockmechanic and strata control reviews; opencut mine slope stability assessments; tun-nelling and shaft assessment/review; duediligence studies; slope stability; civil geot-echnical foundation investigation; and proj-ect management services.

Global Inspections-NDT, Inc.Tom Shumka2-2260 Hunter Rd.Kelowna, BC V1X 7J8% (250) [email protected]

Global is engaged in developing reliableinnovated technical processes for conditionmonitoring for the mining sectors. Global isa leader in large mill gear drive cleaningand inspections. We were instrumental indeveloping the ASTM Standard E2905 forring gear and pinion cleaning and inspec-tions on mill gear drives. This new standarddelivers consistency, efficiency and stan-dardization; a service valued by customersand insurance companies worldwide; mini-mizing catastrophic failures, reduced main-tenance costs and increased uptime.

Global Partner SolutionsMining & Industries Inc.Robert Allard1415 32nd Ave.Lachine, QC % (514) 636-5378 x: 229www.gpsi-intl.com

Global Partner Solutions Mining & Indus-tries (GPSM&I) provides project procure-

ment management for your CAPEX-OPEX,sustainable capital and projects fromprefeasibility to execution. GPSM&I willprotect owners’ interests and investmentsby strategically pulling on detail engineer-ing deliverables to meet construction-dri-ven schedules. Utilizing GPSM&I’sexpertise during prefeasibility will providedownstream visibility for the owner.GPSM&I’s project procurement manage-ment tools will provide early-stage warn-ing and predictability on possible impact toconstruction schedules.

Globale Partenaires Solutions Mines &Industries est une entreprise de servicequi offre un soutien stratégique de typeclé-en-main pour la gestion de la chaîned’approvisionnement. Que ce soit un projetCAPEX-OPEX ou d’investissementdurable, nous offrons un soutien de laphase de préfaisabilité à l’exécution duprojet. GPSM&I protégera les intérêts etles investissements du propriétaire parune gestion stratégique des livrables del’ingénierie afin de respecter l’échéancierde construction.

Goldcorp Inc.Christine Marks3400-666 Burrard St. Vancouver, BC V6C 2X8% (604) 696-3000 www.goldcorp.com

Goldcorp is one of the world’s fastest grow-ing senior gold producers with operationsand development projects located in safejurisdictions throughout the Americas. ACanadian company headquartered in Van-couver, British Columbia, Goldcorpemploys more than 18,000 people world-wide. The company is committed toresponsible mining practices and is wellpositioned to deliver sustained, industry-leading growth and performance.

Goldcorp est un des grands producteursd’or et affiche l’un des plus forts taux decroissance au monde. Ses projets d’ex-ploitation et de développement sont répar-tis dans différents pays des Amériquesdont le climat politique est stable. Entre-prise canadienne ayant son siège social àVancouver (Colombie-Britannique), Gold-corp emploie plus de 18 000 personnesdans le monde. La société souscrit pleine-ment aux pratiques minières respon-sables et elle est bien placée pour offrirune croissance et un rendement durablessans pareils dans l’industrie.

Golder AssociatesCatharine Shaw910-141 Adelaide St. WToronto, ON M5H 3L5% (416) 366-6999www.golder.com

As a global, employee-owned organizationwith more than 50 years of experience,Golder Associates is driven by our purposeto engineer Earth’s development while pre-serving Earth’s integrity. With deep techni-cal understanding, Golder’s professionalteams collaborate to design and build sus-tainable mining projects around the globe.Golder clients rely on the strength of tech-nical and service excellence delivered by aglobal network of specialists ready to pro-vide strategic solutions for every stage oftheir mining projects.

Propriété de ses employés et forte d’uneexpérience de plus de 50 ans, GolderAssociés, une organisation d’enverguremondiale, a pour raison d’être de contri-buer au développement de la Terre tout enpréservant son intégrité. De par le monde,les équipes de professionnels de Goldermettent en commun leur haut niveau deconnaissances techniques pour concevoiret réaliser des projets miniers durables.Les clients de Golder peuvent compter surl’expertise technique et l’excellence desservices d’un réseau international de spé-cialistes prêts à apporter des solutionsstratégiques.

Graham Group Ltd.June Verhelst875 57th St. ESaskatoon, SK S7K 5Z6% [email protected]

Graham is an employee-owned construc-tion solutions partner with revenuesexceeding $2 billion annually. With morethan 50 years of experience in accessing,building and upgrading a wide variety ofmine sites – oil sands, potash, gold, dia-monds, and uranium as well as other com-modities – we have the experience,equipment and resources to safely deliverprojects of every scope, scale and com-plexity. Through our aboriginal partner-ships, we hire, train and mentor AboriginalPeoples, and provide the necessary toolsand supervision to ensure they succeed.



Groupe CLRYves Hebert7200 boul. Jean XXIII Quebec, QC G9A 5C9% (819) 377-2424www.groupeclr.com

Groupe CLR is always looking for latestinnovations in wireless technologies. Wedeliver customized solutions for two-wayradio, MESH networking, satellite phoneand telemetry needs. Groupe CLR is anauthorized dealer for Kenwood, Motorola,Icom, Rajant and Iridium. For more than 30years, our skilled engineers and techni-cians have provided the best-quality serv-ice there is to our diversified customers.From major urban centres to the FarNorth, Groupe CLR is a leader in providingwireless communication to the miningindustry.

À l’affût des plus récentes innovations tech-nologiques, Groupe CLR offre des solutionssur mesure en Radiocommunication, com-munication sans-fil (réseaux MESH), télé-phonie satellite ainsi qu’en télémétrie.Groupe CLR est distributeur autorisé desmarques Motorola, Kenwood, Icom, Rajantet Iridium. Depuis plus de 30 ans, les ingé-nieurs et techniciens spécialisés de GroupeCLR mettent leur expertise au service deleur clientèle grandement diversifiée. Pré-sent partout, des centres urbains jusqu’auGrand Nord, Groupe CLR s’impose commel’un des plus importants développeurs desystèmes de communication sans-fil dansle domaine minier au pays.

Groupe MISAAlain Beauséjour10-94 ave. du LacRouyn-Noranda, QC J9X 4N4% (819) [email protected]. groupemisa.com/

Groupe MISA is a network of expertise onmining innovation working actively, accord-ing with business logic, on the develop-ment of innovative equipment and servicesto ensure the sustainability and maximiza-tion of mining industry economic impacts.

Le Groupe MISA est un réseau d’expertsqui travaille activement, sur une base d’af-faires, à l’avancement d’équipements et deservices innovateurs afin d’assurer lapérennité et la maximisation des retom-bées de l’industrie minière.

Hard-LineWalter Siggelkow53 Main St.Dowling, ON P0M 1R0% (705) 855-1310www.hard-line.com

Hard-Line provides remote control sys-tems for heavy industrial machinery thatfacilitate mining operations in hazardousareas.Using line of sight (MuckmasterRRC), extended line of sight, (Muckmasterwith FarSight Video) or tele-operatingremote control by video (Teleop), our prod-ucts enhance worker safety, continuousproduction and mine profitability. At Hard-line we pride ourselves that we can remotecontrol any machine including LHDs, rockbreakers, drills, bulldozers, open pitload/hault dumps, et cetera. Hard-Linerecently introduced the remote controlledLP401 low-profile loader for use in danger-ous and hard to get areas (such as clearingbeneath conveyor belts and spillways).Other new products include PROX Proxim-ity Detection System for MuckmasterRemote Controls and Entry Alert, a warn-ing system that detects entry into a driftand shows when remote mucking is takingplace.

Hatch Ltd.Ljiljana Radman2800 Speakman Dr. Mississauga, ON L5K 2R7% (905) 855-7600; (905) 403-4181 (rep)[email protected] www.hatch.ca

Hatch is an employee-owned, multidisci-plinary professional services firm thatdelivers a comprehensive array of technical and strategic services includingconsulting, information technology, engi-neering, process development, and projectand construction management to the min-ing, metallurgical, energy and infrastruc-ture sectors. Hatch has served clients formore than 80 years and has project experi-ence in over 150 countries around theworld. With more than 11,000 people inover 69 offices, the firm has more than $35billion in projects currently under manage-ment.

Hatch est une entreprise multidiscipli-naire appartenant à ses employés, quioffre une gamme de services profession-nels destinés aux secteurs des mines, dela métallurgie, de l’énergie et des infra-

structures dans un large éventail dedomaines techniques et stratégiques,notamment la consultation, les technolo-gies de l’information, l’ingénierie, le déve-loppement de procédés ainsi que lagestion de projets et de la construction.Hatch possède plus de 80 années d’expé-rience dans des projets réalisés dans plusde 150 pays aux quatre coins du monde.Comptant sur un effectif de11 000 employés répartis dans plus de69 bureaux, l’entreprise gère actuellementdes projets représentant une valeur totalesupérieure à 35 G$.

Haulmax (Aust) PM Ltd. Jon Riley91 Terra Nova Dr. Wynyard, TAS, Australia 7325% [email protected]

Haulmax® is a leading manufacturer ofextended distance, off-highway haulagetrucks, and technologically advanced roadrail vehicle and maintenance equipmentsolutions. Based in Tasmania, Australia,Haulmax is an established Caterpillar®OEM and forms part of the ElphinstoneGroup. Representing the ultimate in dura-bility, reliability, versatility and stability,Haulmax delivers integrated solutions forthe Global market.

Hecla Mining CompanyJeanne DuPont200-6500 Mineral Dr. NCoeur d’Alene, ID, USA 83815% (208) 769-4100; (800) [email protected]

Hecla Mining Company (NYSE:HL) is aleading low-cost U.S. silver producer withoperating mines in Alaska and Idaho, andis a growing gold producer with an operat-ing mine in Quebec, Canada. The companyalso has exploration and pre-developmentproperties in five world-class silver andgold mining districts in the United States,Canada, and Mexico, and an explorationoffice and investments in early-stage silverexploration projects in Canada.

Hecla Mining Company (NYSE:HL) est unproducteur d’argent à faible coût améri-cain de premier plan qui exploite desmines en Alaska et en Idaho. La société




prend aussi de l’importance à titre de pro-ducteur d’or grâce à une mine située auQuébec (Canada). Hecla possède égale-ment des propriétés en phase d’explora-tion et de pré-exploitation dans cinqdistricts d’exploitation minière aurifère etargentifère de calibre international auxÉtats-Unis, au Canada et au Mexique, ainsiqu’un bureau d’exploration et des investis-sements dans des projets d’explorationargentifères au stade préliminaire auCanada.

Hella Inc. CanadaSiegfried Tigges201 Kelly Dr. Peachtree City, GA, USA 30269% (770) [email protected]

Hella Mining is oriented to support, developand serve the mining industry worldwide.With divisions in Canada and the UnitedStates, and a designated mining sales team,Hella Mining is capable of providing techni-cal and commercial expertise on a regionallevel with regard to lighting solutions.Canada is divided in Western/ EasternCanada, handled by two focused miningassociates. Hella Mining has safety anddurability in mind as well as conformity withgovernmental regulations. We are commit-ted to only bringing the most relevant andtechnology-advanced products to the mar-ketplace, both now and in the future.

Hella Mining est orienté à soutenir, déve-lopper et servir l’industrie minière mon-diale. Avec une division au Canada ainsiqu’aux États-Unis et une équipe de venteminière désignée, Hella Mining estcapable de fournir une expertise tech-nique et commerciale au niveau régionalen ce qui concerne les solutions d’éclai-rage. Le Canada est divisé entre ouest etest canadien géré par deux associésminiers ciblés. Hella Mining a la sécuritéet la durabilité à l’esprit ainsi que laconformité aux réglementations gouver-nementales. Nous nous engageons uni-quement à apporter des produitspertinents et technologiquement avancésau marché, maintenant et dans l’avenir.

Herrenknecht TunnellingSystems Canada Inc.Jacques Bérubé200-5353 Dundas St. W Toronto, ON M9B 6H8% (416) 231-2555www.herrenknecht.com

Herrenknecht is the market leader in thefield of mechanized tunnelling, deliveringhigh-tech tunnel boring machines withdiameters ranging from 0.10 metres to 19metres for all ground conditions. Our tai-lor-made tunnel boring machines producesystems for high-performance utility andtraffic tunnelling, as well as declinedramps and horizontal access tunnels formining applications. The company pro-duces a complete product platform of inno-vative technology for underground miningapplications including boxhole boringmachines, raise boring drills, shaft boringmachines and tunnel boring machines.

Herrenknecht est le leader mondial dansla conception et fabrication de tunneliersmécanisés de diamètres allant de 0,10 à19 mètres pour toutes conditions géolo-giques de forage dans le roc. L’entrepriseproduit une gamme complete de technolo-gies automatisees, spécialisees dans leforage de tunnels pour rail, routes, metro,systèmes de canalisations des eaux sani-taires, mirco-tunnels pour services decables, lignes de gaz. Nous fabriquons unegamme compléte d’equipements destinésaux besoins de l’industrie miniere concupour le forage mecànise de rampes incli-nees, tunnels d’acces, puits principaux de+/- 12 metres de diametres et 2000 mètresde prófondeur pour les mines souster-raines, puits de ventilation, galleries hori-zontals et systemes de convoyeursspecifiques adaptés à l’industrie miniere.

Hewitt Equipment Limited Jim Hewitt5001 Trans-Canada HwyPointe-Claire, QC H9R 1B8% (514) 630-3211www.hewitt.ca

Hewitt Equipment Limited is the author-ized CAT dealer for Quebec and westernLabrador, and through its subsidiaryAtlantic Tractors & Equipment Ltd., is alsothe CAT dealer for the Maritimes. Withheadquarters in Pointe-Claire, Quebec,

and 45 branches, Hewitt sells, rents andservices the full-line of Caterpillar prod-ucts through five divisions: heavy equip-ment, material handling, energy, truck andagricultural; and other subsidiaries: HewittMaterial Handling Inc., Hewitt Rentals Inc.,Montréal Hydraulique 04 Inc. and SITECHAtlantic Ltd.

Hewitt Équipement Limitée est le conces-sionnaire autorisé Cat au Québec et àl’ouest du Labrador; et, via sa filiale Atlan-tic Tractors & Equipment Ltd., l’est aussipour les Maritimes. Depuis son siègesocial à Pointe-Claire et ses 45 succur-sales, le Groupe Hewitt vend, loue etassure le service après-vente sous cinqdivisions : Équipement Lourd, Manuten-tion, Énergie, Camion et Agricole; et quatreautres filiales : Hewitt Material HandlingInc., Location Hewitt inc., MontréalHydraulique 04 inc. et SITECH Atlantic Ltd.

HumEng International Inc.Marc Labrie3455 A Matte BoulevardBrossard, QC J4Y 2P4% (450) 651-5313 x: 230www.humeng.ca

HumEng est un leader dans la gestion et ledéveloppement des compétences. Depuisplus de 20 ans, HumEng accompagne sesclients dans la conception, le développe-ment et l’implantation de solutions de for-mation qui augmentent l’efficacitéopérationnelle et diminuent les coûts.Notre équipe est composée d’experts dansles domaines techniques, de la formation,de l’apprentissage et de l’éducation auxadultes. Nous avons travaillé avec plus de150 moyennes et grandes entreprisesdans plusieurs pays à travers le monde.

IBK Capital Corp. Michael White640-130 King St. WToronto, ON M5X 1E4% (416) 360-4505www.ibkcapital.com

IBK Capital is an independent and privatelyowned investment banking firm that offersfinancial advisory services in the mining,renewable energy and technology sectors.Such services include private placements ofequity and debt, going public by way ofreverse takeover of a public shell corporation,




merger and acquisition, and divestitureadvisory services, valuations, fairnessopinions and takeover defence planning.Since its inception in February 1989, IBKCapital has played a role in global transac-tions with a combined value of $5.6 billion.

IDS North AmericaAbed Helbawi418 Sherbrooke St. EastMontreal, QC H2L 1J6% (514) 789.0082 x: 546www.idsna.com

IDS North America is an engineering sys-tems technology company, providingresearch and innovation in the field ofradar technology and offering a completerange of ground-penetrating, borehole andinterferometric radar products for use inmining and landslide monitoring applica-tions. The advanced IBIS-FM slope moni-toring radar system provides a uniquetechnological advantage over conventionalslope monitoring systems due to increasedworking distances and higher resolution.The IBIS-FM can detect bench scale fail-ures four kilometres away.

IMAFS Inc.Noémie Rouleau937 BoissySaint-Lambert, QC J4R 1K1% (450) [email protected]

IMAFS Inc. offers a unique and scientificapproach to help businesses manage theirsupply chain while increasing productivityand insuring workers’ safety. It canincrease parts availability by 10 to 30 percent while reducing inventory by 20 to 50per cent with its automatic ABC classifica-tion and its automated Min-Max calcula-tion. Available in a Cloud application,IMAFS can be easily integrated to any sys-tem. Companies can take action rapidly toreduce shortages or surplus stock.

IMAFS Inc. offre une solution unique enmode Cloud pour les entreprises qui dési-rent gérer leurs inventaires par:• Augmentation de la productivité et la

sécurité des employés• Baisse de 80 pour cent du nombre de

ruptures de stock• Baisse d’inventaire de 20 à 50 pour cent

IMAFS calcule mensuellement des para-mètres de gestion des stocks optimisés(classes, stocks de sécurité, minimum,maximum, prévisions de la demande, délaisde livraison). IMAFS traite les données den’importe quel système transactionnel.

Intergraph Canada Ltd.Vanessa Erickson1120-68 Ave. NECalgary, AB T2E 8S5% (403) [email protected]

Intergraph Process, Power & Marine(PP&M) is the leading global provider ofengineering software for the design, con-struction and operation of plants, shipsand offshore facilities. Many of the world’slargest and most advanced industrial andmining facilities are designed by usingIntergraph’s enterprise engineering soft-ware, increasing efficiency in the designand construction of facilities and enablingmanagement of the engineering designbasis throughout the life cycle of an asset.

Intergraph Process, Power & Marine(PP&M) est le principal éditeur au mondede logiciels d’ingénierie dédiés à laconception, la construction et l’exploitationd’usines, de navires et de plates-formes aularge des côtes. Nos clients s’en remettentà nos logiciels pour créer, gérer et mainte-nir des données d’ingénierie cruciales afind’accroître leur productivité et de garantirdes opérations sûres et précises. En tantque leader de l’industrie, nous vous faisonsbénéficier dès aujourd’hui des capacitésd’ingénierie de demain.

Iron Ore Company of CanadaMichel Leclerc1920-1000 Sherbrooke St. WMontreal, QC H3A 3G4% (514) 285-2011www.ironore.ca

The Iron Ore Company of Canada (IOC) is aleading Canadian producer of iron ore con-centrate and iron ore pellets serving cus-tomers worldwide. The company operatesa mine, concentrator and a pelletizingplant in Labrador City, Newfoundland andLabrador, as well as port facilities locatedin Sept-Îles, Quebec, and operates a 418-kilometre railroad that links the mine to

the port. IOC’s major shareholder andoperator is the international mining groupRio Tinto, which has activities in more than40 countries worldwide.

La Compagnie minière IOC est l’un desprincipaux fournisseurs canadiens deconcentré de minerai de fer et de bou-lettes pour des clients du monde entier. LaCompagnie dirige une mine, un concentra-teur et une usine de bouletage à LabradorCity (Terre-Neuve-et-Labrador) et des ins-tallations portuaires situées à Sept-Îles(Québec). Elle exploite également un che-min de fer de 418 kilomètres qui relie lamine au port. Rio Tinto, société minièreinternationale qui exerce ses activitésdans plus de 40 pays, est le principalactionnaire et exploitant d’IOC.

ISM – Industrial SteelManufacturing Inc.Anthony Arduini7690 Vantage WayDelta, BC V4G 1A7% (604) [email protected]

ISM provides steel construction and steelfabrication solutions for projects in West-ern Canada through: • Steel Fabrication• Steel Detailing• Steel Erection• Engineering

An 85,000 SFT manufacturing facility,located near barge and rail access, enablesISM to collaborate on the largest projects.Our team of certified steel fabricators,welders, erectors, and project managershave successfully collaborated on some ofthe largest oil and gas and mining projectsin North America. ISO 9001 and ISO 14001pending in 2015.

ISM. Your Primary Steel Connection.

Jannatec TechnologiesRey Boucher1545 Maley Dr.Sudbury, ON P3A 4R7% (705) [email protected]

Jannatec Technologies, Sudbury, Ontario,Canada, is a member of the Schauenburg



Group of Companies. The name JannatecTechnologies has a long tradition in thetwo-way radio industry; Jannatec Tech-nologies has more than 25 years of experi-ence in the industry. We challengeourselves to find a better way to build two-way radios that do more for less to effi-ciently meet the needs of our customersaround the globe. Jannatec Technologies isan authorized two-way radio distributor;our number one goal is to achieve superiorsatisfaction by delivering products andservices that exceed expectations. Ourmission is to help the mining industryimprove their productivity and safety byintroducing new ways of working and com-municating. Our vision is to build on ourdominance in northern Ontario, and beperceived as the preferred communicationsolution provider of total wireless networksto mines across Canada as well as aroundthe world.

J.F. Comer Inc.Ben Kubica4-141 Reach St. Uxbridge, ON L9P 1L3% (905) [email protected]

J.F. Comer was established in 1935 andcontinues to supply quality equipment fromleading manufacturers. The main activity ofJ.F. Comer Inc. is the selection and sale ofdependable and durable equipment. Spe-cialized engineering principles are appliedin order to select the most efficient andeffective equipment for each client’s spe-cific requirements. J.F. Comer is a stockingmanufacturer’s representative serving themining and mineral processing industries.Products include mine hoists, slurrypumps, valves and metal detectors.

La compagnie de J.F Comer a été établieen 1935 et continue de fournir de l’équipe-ment de qualité des principaux fabricants.L’activité principale de notre compagnieJ.F Comer Inc., c’est la sélection et lavente des équipements durables etfiables. Les principes spécialisés en tech-niques et ingénierie sont appliqués afin desélectionner l’équipement le plus effectifet efficace pour les besoins spécifiques dechaque client et entreprise. J.F Comer estun représentatif des fabricants de stoc-kage au service des industries qui traitentles mines et les minéraux. Les produitsincluent les plans de mines, les pompespour liquides chargés, les vannes et lesdétecteurs de métaux.

Joy Global (Canada) Ltd. Mohammad Ashraf10-2256 29th St. NE Calgary, AB T1Y 7G4% (403) 516-5301www.joyglobal.com

Joy Global Inc. is a worldwide leader inhigh-productivity mining solutions.Through its market-leading P&H and Joybrands, Joy Global manufactures, marketsand services original equipment andrelated support parts for the surface andunderground mining industries. Joy GlobalCanada employs close to 600 employees atfacilities in British Columbia, Alberta,Saskatchewan, Manitoba, Ontario, Quebec,and Newfoundland.

Joy Global Inc. est un chef de file mondialde solutions de productivité élevée pourl’industrie minière. Par l’intermédiaire deses grandes marques P&H et Joy, Joy Glo-bal fabrique et commercialise l’équipe-ment d’origine et les pièces connexesdestinés aux exploitations minières sou-terraines et à ciel ouvert, et en assurel’entretien. Joy Global Canada emploieprès de 600 personnes dans diverses ins-tallations en Colombie-Britannique,Alberta, Saskatchewan, Manitoba, Ontario,Québec et Terre-Neuve.

JPi mine equipmentLaura Joseph45 Kingswood Dr. St. Albert, AB T8N 5S2% (780) [email protected]

JPi mine equipment was originally foundedin 1986. Since then, location and focuschanges have reflected the vision of itsfounder, president and principal miningengineer, Dr. Tim Joseph. Based in St.Albert, and Edmonton, Alberta, Canada,JPi is recognized as a world leader in min-ing equipment performance specializing inground equipment interactions. The tools,techniques and training that JPi provides tomining clients around the world continueto create and reinforce leaders in today’sglobal mining industry.

Kalenborn Canada Inc. Sebastien Allard602-755 boul. Saint-Jean Pointe-Claire, QC H9R 5M9% (514) [email protected]

Kalenborn Canada Inc. is a part of theKalenborn Kalprotect Group, a leadingprovider of wear protection and slide pro-motion solutions around the world for thelast 80 years. With the knowledge that oneproduct cannot solve all wear problems,Kalenborn Canada designs and manufac-tures its basalts, ceramics, chromium car-bide overlay plates and pipes, alloyedcastings, rubber and synthetics to meet thecustomer’s specific abrasion, impact andcorrosion problems. The combination ofdifferent wear-resistant materials providesa more intelligent solution to each wearproblem. Kalenborn Canada’s purpose is tokeep the solution simple but effective, andthen deliver to you the complete package,including field measuring, drafting, manu-facturing and installation.

Innovators of KALFLEX®, flexible wearprotection.

Kal Tire Mining Tire Group1540 Kalamalka Lake Rd.Vernon, BC V1T 6V2% (250) 542-2366www.kaltiremining.com

The Kal Tire Mining Tire Group is a globalleader delivering best-in-class customizedsolutions that ensure maximum productiv-ity for all mining tire service, supply andsafety needs. The company provides serv-ice to more than 150 mine sites on five con-tinents and in 19 countries. With more than1,500 team members operating globally,Kal Tire Mining Tire Group has built a rep-utation for innovation, reliability and out-standing service.

Kal Tire Mining Tire Group est un leadermondial fournissant les meilleurs servicesde sa catégorie et des solutions surmesure en vue d’assurer une productivitéoptimale, tant pour le service que l’appro-visionnement des pneus, tout en respec-tant les besoins en terme de sécurité.Présente sur 150 sites miniers, situésdans 19 pays, lesquels sont répartis sur 5continents, l’entreprise emploie plus de1500 personnes dans le monde entier et




s’est taillé une réputation enviée pour soninnovation, sa fiabilité et son offre de ser-vice exceptionnelle.

KAMCO INSTALLATIONSLTD.Justin Simpson1347 Mission Flats Rd.Kamloops, BC V2C 1A9% (250) [email protected]

KAMCO INSTALLATIONS LTD. is an excava-tion and pipeline contracting company that isfocused on installing pipelines for mines,serving all of British Columbia since it wasfounded in 1974. KAMCO has extensiveexperience installing above-ground andunderground pipelines up to 65” in diameterfor tailings, process, reclaim, firewater,freshwater, overflow and potable water. Wecan meet all your piping needs includingHDPE (certified fusion inspector and techni-cians), carbon steel, rubber-lined, fiberglassand stainless steel pipe, pipe spooling, droptanks, air releases and valves. By focusingon our customers’ requirements and needs,our mission is to provide effective, qualityservice and products to our clients.

Key MaintenanceTechnologiesGreg Desrosiers204 Carmichael Close NW Edmonton, AB T6R 2K6% (780) 437-7659; (866) [email protected]

Key Maintenance Technologies is proud tobe the Canadian master distributor for thecomplete lines of Spinner II Oil Cleaning Centrifuges, Glacier Purification Systems,DuraChem Industrial Chemistries and FastFunnel Disposable Funnels. We are thelargest Canadian distributor for AMSOILsynthetic lubricants, filtration systems andspecialty chemicals. We are leading ware-house distributors for PulseTech BatteryMaintenance Systems and Centri Air Pre-cleaners. 100 per cent Canadian since 1987.We offer customized, sophisticated mainte-nance solutions for the mining industry.

Key Maintenance Technologies est fierd’être le distributeur canadien principal

pour les gammes de produits complètesde Spinner II Oil Cleaning Centrifuges, Gla-cier Purification Systems, DuraChemIndustrial Chemistries et Fast Funnel Dis-posable Funnels. Nous sommes le plusimportant distributeur canadien des lubri-fiants synthétiques AMSOIL, ses systèmesde filtration et produits chimiques de spé-cialité. Nous sommes les principaux dis-tributeurs pour PulseTech BatteryMaintenance Systems et Centri Air Pre-cleaners. 100 % canadien depuis 1987.Nous offrons des solutions de maintienpersonnalisées et sophistiquées pour l’in-dustrie minière.

Kinross Gold CorporationDavid Eden25 York St., 17th FloorToronto, ON M5J 2V5% (647) [email protected]

Kinross Gold Corporation is a senior goldcompany, producing 2.6 million gold equiv-alent ounces in 2013. The Toronto-head-quartered company operates nine minesworldwide, including five in the UnitedStates, Chile, and Brazil, which representmore than 50 per cent of its gold produc-tion. Kinross also has operations in Ghana,Mauritania, and Russia and employsapproximately 9,100 people globally.

Kinross Gold Corporation est une grandesociété d’exploitation aurifère qui a pro-duit 2,6 millions d’onces d’équivalent d’oren 2013. La société, dont le siège social setrouve à Toronto, exploite neuf mines dansle monde, dont cinq aux États-Unis, auChili et au Brésil, ce qui représente plusde la moitié de sa production aurifère. Kin-ross a également des sites au Ghana, enMauritanie et en Russie, et compte uneffectif d’environ 9 100 personnes dans lemonde entier.

Klohn Crippen Berger Ltd.Howard Plewes500-2955 Virtual WayVancouver, BC V5M 4X6% (604) [email protected]

Klohn Crippen Berger Ltd. (KCB) is aninternational engineering, geosciences and

environmental consulting firm headquar-tered in Vancouver, and with key Canadianoffices in Toronto, Sudbury, Saskatoon, Cal-gary, and Edmonton. Our regional officesare in Peru, Brazil, England, and Australia.We have a strong reputation for qualityservice and technical excellence in a rangeof sectors including mining, water, power,transportation, and oil and gas. Formed in1951, we have developed core services inwater management, geotechnical and civilengineering, geochemistry and socio-envi-ronmental consultation.

Klohn Crippen Berger Ltd (KCB) est unesociété d’ingénierie internationale spécia-lisée dans la géoscience et de l’environne-ment dont le siège principal est àVancouver et des bureaux canadiens àToronto, Sudbury, Saskatoon, Calgary, etEdmonton. Nos bureaux à l’étranger sontau Pérou, au Brésil, en Angleterre et enAustralie. Nous avons une solide réputa-tion pour la qualité de nos services et l’ex-cellence technique dans un éventail desecteurs, y compris l’exploitation minière,l’eau, l’énergie, les transports, le pétroleet le gaz. Formé en 1951, nous avons déve-loppé des services de base en matière degestion de l’eau, de l’ingénierie géotech-nique et civile, la géochimie et de consul-tation socio-environnementale.

KPI Industrial Controls Inc.Kyle Bradley2-2799 Belisle Dr.Val Caron, ON P3N 1B3% (705) [email protected]

KPI Industrial Controls Inc. has been pro-viding solutions and industrial control prod-ucts to satisfied customers across NorthAmerica since 2004. Some of our productsand services include fibre optics (repairs),FOA-certified, asset tracking, wirelesscommunication systems, custom built pan-els, mine power sub-stations, starters,MCCs, electrical components, electricallabour, et cetera. We also carry an inven-tory of used and re-built equipment likemine power sub-stations, splitter racks,S&C switches, et cetera. KPI IndustrialControls is ISO 9001:2008 certified.



Kreator Equipment & Services Inc.Keith Miles473036 County Rd. 11Amaranth, ON L9W 0R2% (519) [email protected]

Kreator Equipment is an OEM turnkeyprovider and bulk material processing spe-cialist. We have extensive experience in thedesign, engineering, manufacturing, trans-port, installation and commissioning ofconveying, screening, crushing and finesprocessing systems, both wet and dry.Whether your application is stationary,portable or modular, we can help! Kreatoris highly mobile with installations globally.

Lafarge Canada Inc.Alexandre Lefevre 334 av. Avro Pointe-Claire, QC H9R 5W5% (514) [email protected]

Lafarge is the largest diversified supplier ofconstruction materials in the United Statesand Canada. We produce and sell cement,ready-mixed concrete and aggregates.Lafarge delivers local mining solutions, nomatter how remote, across Canada, coastto coast. With intimate in-house industryknowledge, we offer products and services,safely and supply-assured, for mine devel-opment and production, with innovativeapproaches to local community contribu-tions and involvement. During your nextmine evaluation, ask about our durable andfast-turnaround concrete solutions formine shaft and infrastructure construction,custom cementitious blends and backfilldesign, backfill production services,portable aggregate and concrete produc-tion services, and the many other ways wecan contribute to your project’s efficienciesand economies.

Lafarge est le plus important fournisseurde matériaux de construction aux États-Unis et au Canada. Nous produisons etvendons du ciment, du béton prêt-à-l’em-ploi ainsi que des granulats. Lafarge four-nit des solutions locales pour les mines,quelle que soit l’éloignement, à travers leCanada, d’un océan à l’autre. Grâce à uneconnaissance aigue de notre industrie,

nous offrons produits et services, tout enassurant la sécurité de la livraison tantpour le développement de la mine que lorsde la phase de production, avec desapproches novatrices en matière decontribution et participation des collectivi-tés locales. Lors de votre prochaine éva-luation minière, n’hésitez pas à poser vosquestions sur nos solutions durables etrapides de béton pour la construction d’unpuits minier ou de toute autre infrastruc-ture, sur nos mélanges à base de cimentpour la production de remblai minier, nosservices d’usines portables de productionde béton et granulats et les nombreusesautres façons dont nous pouvons contri-buer à la réduction des coûts et l’efficacitéde votre projet.

Laird Eric Brouillette3850 rue GriffithSt-Laurent, QC H4T 1A7% (514) 908-6648www.lairdtech.com

Laird Technologies’ wireless automationand control solutions provide safe and reli-able solutions for the mining industry. OurCattronControl family of remote controlsoffers flexibility, safety and streamlinedworkflows. Laird Technologies also offersSiamNet Communications, which providesa safe and more efficient mining environ-ment by combining conventional two-wayradio technology with high-speed datatransmission. Laird Technologies is also anindustry leader in the design and manufac-turing of EMI shielding, telematics, ther-mal management and antenna solutions.

Laurel Steel, Division of Harris SteelSteven Fisher5400 Harvester Rd., PO Box 5095 Burlington, ON L7R 3Y8% (519) 759-2300www.laurelsteel.com

Founded in 1967, Laurel Steel is a memberof the prestigious Harris Steel Group. It hasexperienced constant growth, includinglaunching its branded products: Cutter’sChoice, Cutter’s Choice Green, Miner’sChoice. In 2007 LEC Steel in Brantford wasadded to the family increasing wire andwire mesh capacity that are precisely

designed to meet the needs of specificindustries. The company occupies a350,000-square-foot, state-of-the-artfacility on a 22-acre site in Burlington,Ontario, Canada. Its commitment to qualityhas resulted in several landmark designa-tions. It is the first North American cold-finisher to receive ISO:9002 registration –an international stamp of approval. It isalso among the first to earn QS 9000 regis-tration.

Levert Personnel Resources Inc.Richard Levert17 Frood Rd.Sudbury, ON P3C 4Y9% (705) [email protected]

Levert Personnel Resources Inc. (est.1983) is a one-stop shop for personnelneeds to mining, industrial, and oil and gassectors. We offer: personnel & payrollservices; industry-ready staff, such aswelders, millwrights, mechanics, skilledlabour, traffic control and more; mainte-nance shutdowns, from confined spacerescue teams to skilled labour; and execu-tive recruitment (Levert Executive World-wide Inc.).

Limpact InternationalLimitedSteve Fredericks569 D’Arcy St., PO Box 187Cobourg, ON K9A 4K5% (905) [email protected]

Limpact International Limited has been anactive manufacturer/exporter of customcathodes and other products for the non-ferrous electrolytic metals refining indus-try for more than 40 years. Our uniqueprocess of impact bonding dissimilar met-als allows us to manufacture energy-sav-ing products with increased service life formetals refining. You will find Limpact prod-ucts in most of the leading zinc and copperrefineries around the world. Limpact islocated in Cobourg, Ontario, and has aworkforce of 70 employees.




Mabarex Inc. François Seguin2021 Halpern St.Saint-Laurent, QC H4S 1S3% (514) [email protected]

Specialized in design, manufacturing andinstallation of drinking water, wastewaterand sludge treatment processes, Mabarexhas the solution to all your environmentalproblems.

Mabarex offers a wide range of productsand services and the most efficient up-to-date processes to meet all of its clients’needs since 1983. Our experienced teamwill guide you in building or retrofittingwater and sludge treatment projects.

From necessary permit requests to startup, Mabarex has an unmatched expertiseand the most appropriate technologicalsolutions to meet all your needs.

Spécialisée dans la conception, la fabrica-tion et línstallation de procédés de traite-ment de léau potable, des eaux usées etdes boues, Mabarex possède la solution àvos problèmes environnementaux. Depuis1983 Mabarex dispose dúne vaste gammede services et de technologies de pointequi répondent à lénsemble des besoinsde sa clientèle. Notre équipe déxpériencevous conseillera dans vos projets deconstruction ou de modernisation de sys-tèmes de traitement des eaux et desboues. De la demande de certificatdáutorisation à la mise en œuvre du pro-jet, Mabarex offre une expertise inégaléeet la solution technologique la mieuxadaptée à vos besoins.

MaptekCherie LeDoux165 S. Union Blvd., Suite 888 Lakewood, CO, USA 80228% (303) 763-4919www.maptek.com

Maptek is a leading provider of innovativesoftware, hardware and services for theglobal mining industry. Maptek productsare in use at more than 1,700 sites in over65 countries, supported by professionaland technical services in a worldwide net-work of 13 offices. Maptek productsinclude Vulcan, I-Site, BlastLogic, Perfect-Dig, Eureka, and Sentry.

Maptek est un leader dans le domaine deslogiciels innovants, du matériel informa-tique et des services destinés à l’industrieminière. Les produits Maptek, utilisés surplus de 1700 sites, eux-mêmes répandusdans plus de 65 pays, sont soutenus pardes services professionnels et techniquesprodigués à partir de 13 bureaux à traversle monde. Les produits Maptek regroupentles marques Vulcan, I-Site, BlastLogic,PerfectDig, Eureka et Sentry.

McCarthy TétraultS.E.N.C.R.L., s.r.l.Pierre BoivinLe Complexe St-Amable1150 rue de Claire-Fontaine, 7e étage Québec, QC G1R 5G4% (418) 521-3000www.mccarthy.ca

McCarthy Tétrault is Canada’s premier lawfirm, with a significant presence in allmajor financial centres in Canada, and inLondon, United Kingdom. With an interna-tional client base across a broad range ofpractice groups, our firm provides a wealthof Canadian, crossborder and internationallegal services. With close to 600 lawyers,McCarthy Tétrault regularly advises onmany of the largest transactions and casesin Canada and around the world. McCarthyTétrault is recognized as a top law firm bythe leading international legal directories.

McCarthy Tétrault est le plus importantcabinet d’avocats du Canada. Il est bienétabli dans tous les principaux centresfinanciers du pays de même qu’à Londres.Le cabinet fournit toute une gamme deservices juridiques à une clientèle diversi-fiée dans le cadre de leurs opérationscanadiennes, internationales et transfron-talières. McCarthy Tétrault compte prèsde 600 avocats qui conseillent régulière-ment les clients à l’égard de plusieurs destransactions et poursuites judiciaires lesplus importantes au Canada et à l’étran-ger. McCarthy Tétrault est reconnucomme un chef de file dans les principauxrépertoires juridiques internationaux.

McCue EngineeringContractors Lynda Smithard203-8291 92nd St.Delta, BC V4G 0A4% (604) [email protected]

McCue Engineering Contractors is a B.C.company established in 2000 and special-izing in the design, construction and oper-ation of industrial wastewater treatmentand contaminated land remediation tech-nologies in Canada and the United States.Project sites include mine, oil and gasexploration, oil refining, oil terminal, fuelretail, chemical manufacturing, and prod-uct spill sites. McCue is fully insured andcommitted to safe work practices.

McCue Engineering Contractors a vu lejour en Colombie-Britannique en 2000.L’entreprise développe son expertise dansla conception, la construction et l’opéra-tion de systèmes de traitement d’eau uséeindustrielle et de décontamination dessols. McCue a participé à des projetscanadiens et américains dans lesdomaines de l’exploration minière, gazièreet pétrolière, du raffinage et du stockagedu pétrole, de la vente au détail de carbu-rant, de l’industrie chimique, en plus departiciper à des projets de déversement deproduits nocifs. L’entreprise offre un ser-vice entièrement assuré et s’engage dansles pratiques de travail sécuritaire.

McLanahan CorporationMatt Riley200 Wall St. Hollidaysburg, PA, United States 16648% (814) [email protected]

McLanahan Corporation is an ISO9001:2008 certified manufacturer of safer,simpler and smarter equipment that helpsproducers do more than ever in today’stough marketplace. From crushing towater management, McLanahan customengineers process solutions to help you bemore efficient, more productive and moreprofitable. Sales, engineering and cus-tomer service are constantly workingtogether to improve designs to help pro-ducers do more with their resources.



Micromine Ltd.Colin Smith1920-400 Burrand St. Vancouver, BC V6C 3A6% (604) 646-8924www.micromine.com

Micromine develops mining software solu-tions spanning the entire mining process –from geological exploration and 3D minedesign to mine production management,mine production control and data manage-ment solutions. With over 12,000 clients inmore than 90 countries, and 22 officeslocated in the world’s major mineral pro-ducing capitals, Micromine is the leadingprovider of intuitive software solutions thatdeliver operational efficiencies throughevery step of the mining and explorationprocess. Micromine provides you with localsupport and services in your language andyour time zone.

Mine Cable ServicesCorporationJohn Parkes7731 16th Street NW Edmonton, AB T6P 1M1% (780) 439-1113; (800) 663-2889www.minecableservices.ca

Mine Cable Services Corporation manufac-tures and supplies high-voltage cable con-nection systems (5kV, 8kV, 15kV, 25kV),and handling and safety accessories formining, oil and gas, container port cranes,underground tunnelling and forestry craneoperations. We are 100 per cent Canadian-owned and operated, and have manufac-turing and service facilities in Alberta andBritish Columbia. MCS also provides for itscustomers worldwide through a network ofestablished distributors and our newlyopened office in Santiago, Chile.

Mine Site Technologies13301 W 43rd Drive Unit 15Golden, CO, USA 80403% (303) 951-0570www.mstglobal.com

Mine Site Technologies is the global leaderin the design, manufacture and deploy-ment of solutions for mine communica-tions, vehicle and personnel tracking,production optimization, automation, andsafety. We train our employees, design ourproducts and support our customers tocreate a global culture of safe productivity.Our network solutions include DigitalCommunications & Tracking (ImPact),Vehicle Intelligence Platforms, LeakyFeeder, Mobile Mesh, MinePhone, ICCL,PED, and BlastPED.

Mining PublicationsInternationalLewis Bonder200-4965 Borden Ave.Montreal, QC H4V 2S9% (514) [email protected]

Mining Publications International wasestablished in 1997 to provide advertisingand trade show services to the CanadianInstitute of Mining. After eight successfulyears, we then became the exclusive Cana-dian representative for the Society for Min-ing, Metallurgy & Exploration (SME-USA).

Our publications include “ConstrucciónLatino Americana,” the leading LatinAmerica mining and construction journal;“Mining & Exploration”; “The ProspectorNews”; and eMining blasts. Trade showand seminar/conference services called“Hit Lists” compliment our business.

Mosaic Company, TheJoc O’RourkeE490-3033 Campus Dr.Minneapolis, MN, USA 55441% (763) 577-2816www.mosaicco.com

The Mosaic Company is the world’s leadingcombined producer and marketer of con-centrated potash and phosphate – two ofthe primary nutrients required to help theworld grow the food it needs. Mosaicengages in every phase of crop nutrition –from the mining of resources to the pro-duction of crop nutrients, feed and indus-trial products for customers around theglobe. Our customer base includes whole-salers, retail dealers and individual grow-ers in more than 40 countries.

Mullen Trucking LPJeff Pahl1 Maple Leaf Rd.Aldersyde, AB T0L 0A0% (800) [email protected]

Mullen Trucking LP owns and operates oneof the most diverse fleets of equipment in thetransportation industry including vans, decksand specialty extendable and multi-axletrailers. Our specialized fleet is WesternCanada’s largest and has the capability tomove up to 100 tons throughout North Amer-ica. Our services include LTL, truckload,over-dimensional, project management,logistics, storage and rail siding service.

MWH Global Inc. Patrick G. CorserOne Bentall Centre 1580-505 Burrard St.15th Floor, PO Box 17 Vancouver, BC V7X 1M5% (604) [email protected]

MWH Global is a strategic consulting, tech-nical engineering and construction serv-ices firm. Our mining services encompasswater management, treatment and supply;




environmental planning, permitting andcompliance; hydrogeologic, geochemicaland ecological studies; civil/geotechnicalstructures and infrastructure; reclamationplanning and closure; dams andhydropower, and remediation. Our 7,500employees are dedicated to fulfilling ourpurpose of Building a Better World and ourcommitment to sustainable development.

MWH Global est une société de conseilsstratégiques, d’études techniques et deservices de construction. Nos servicesminiers recouvrent gestion, traitement etapprovisionnement en eau; planification,permis et respect de l’environnement;études hydrogéologiques, géochimiqueset écologiques; structures et infrastruc-tures civiles/géotechniques; planificationet gestion finale de bonification; barrageset hydroélectricité, et réhabilitation. Nos7500 employés sont déterminés à accom-plir notre objectif de construire un mondemeilleur et respecter notre engagementen faveur du développement durable.

New Millennium Iron Corp.Robert Patzelt1303 Greene Ave., 2nd FloorMontreal, QC, H3Z 2A7% (514) 935-3204www.nmliron.com

New Millennium Iron Corp. (NML) is a pub-licly traded Canadian iron ore explorationand development company. NML controlsthe Millennium Iron Range (MIR) located inthe provinces of Newfoundland andLabrador and Quebec, which is one of theworld’s largest undeveloped magnetic ironore deposits. In the same area, NML (20per cent) and Tata Steel Ltd (80 per cent)have advanced a direct shipping ore projectnow in production, from which trial ship-ments have begun. Tata Steel Ltd owns26.2 per cent of NML and is the company’slargest shareholder and strategic partner.Tata Steel and NML have also carried out afeasibility study on two large MIR deposits,LabMag and KéMag, collectively called theTaconite project.

New Millennium Iron Corp. (NML) est unesociété canadienne cotée en bourse, spé-cialisée dans l’exploration et le développe-ment de gisements de minerai de fer. Ellecontrôle la Chaîne ferrifère Millennium(MIR pour Millennium Iron Range) situéedans les provinces de Terre-Neuve-et-Labrador et Québec, qui est l’un des plusgrands gisements de minerai de fermagnétique non mis à valeur. Dans lemême secteur, NML (20 %) et Tata SteelLtée (80 %) ont avancé un projet de mine-

rai de fer à enfournement direct actuelle-ment en production, à partir duquel lesexpéditions d’essai ont commencé. TataSteel détient environ 26,2 % des parts deNML, et constitue son plus grand action-naire et partenaire stratégique. Tata Steelet NML ont également effectué une étudede faisabilité sur deux grands gisementsMIR, LabMag et KéMag, appelés collecti-vement le projet Taconite.

NL Department of Natural ResourcesSean O’BrienPO Box 8700St. John’s, NL A1B 1W5% (709) 729-2775www.nr.gov.nl.ca

North Fringe IndustrialTechnologies Inc.Brett Cain1251 Nipawin Rd. WNipawin, SK S0E 1E0% (306) 862-5900 www.northfringe.com

North Fringe Industrial Technologies Inc. isa company focused on pump sales, pumpservice and pump rentals. North Fringehas offices and representatives acrossWestern Canada to help with any applica-tion or request you may have.

NTN Bearing Corporation of Canada Ltd.Al Rudaitis305 Courtney Park Dr. W Mississauga, ON L5W 1Y4% (905) 564-2700www.ntnamericas.com/en

NTN Bearing Corporation is the world’sthird largest bearing manufacturer in theworld. Manufacturing and supplying arange of bearings and constant velocityjoints, NTN meets a variety of applications,across a variety of industries. Every miningoperation is an array of mining machines –from compact, continuous miners inunderground mining to larger draglinesfound in surface mining. NTN has bearingsfor each of these processes. With our expe-rience in mining, we have the products thatare capable of performing and exceedingreliability and life requirements.

Oboni Riskope Associates Inc.Cesar Oboni2302 W. 4th Ave., PO Box 19158Vancouver, BC V6K 4R8% (604) [email protected]

Oboni Riskope Associates (ORA) is a worldleader in developing custom-tailored quan-titative risk-based decision-making mod-els and methodologies evaluating naturaland man-made risks including criminaland terrorist activities. ORA identifies andbenchmarks risks and crises, allowinginformed and sensible mitigation plans tobe selected and implemented, leading toenhanced resiliency of any operation.Among ORA’s clients: Fortune 500 (top 10)companies,Teck, Codelco, GICHD, UNDP,2006 Winter Olympics, and MackenzieRiver Review Board (NWT).

Oboni Riskope Associés (ORA) est un chefde file dans le développement de modèleset méthodologies de prise de décisionsbasées sur les risques naturels ethumains, incluant les activités criminelleset terroristes. ORA identifie et quantifie lesrisques et les crises, permettant la sélec-tion de plans d’atténuation de risques etleur implémentation, conduisant à unaccroissement de la résilience globale.Parmi les clients de ORA: Fortune500 top10 companies, Teck, Codelco, GICHD,UNDP, Jeux olympiques 2006, MackenzieRiver Review Board (TNO).

Outotec CanadaPaul de la Durantaye1551 Corporate Dr.Burlington, ON L7L 6M3% (905) 335-0002 x: 3237Paul.delaDurantaye @outotec.comwww.outotec.com

Outotec develops technology solutions forthe sustainable use of Earth’s naturalresources. As the global leader in mineralsand metals processing technology, Outotechas developed numerous breakthroughtechnologies over decades. The companyalso offers innovative solutions for thechemical industry, industrial water treat-ment and utilization of alternative energysources. Outotec collaborates with its cus-tomers in order to optimize the utilizationof raw materials and energy efficiency as



well as minimizing environmental impactand operating costs.

Outotec développe des solutions technolo-giques pour l’utilisation pérenne des res-sources naturelles de la Terre. En tant quechef de file mondial de la technologie desminéraux et de la transformation desmétaux, Outotec a développé plusieurstechnologies révolutionnaires au fil desdécennies. La société propose égalementdes solutions innovantes pour l’industriechimique, traitement des eaux industrielleset l’utilisation des sources d’énergie alter-natives. Outotec collabore avec ses clientsafin d’optimiser l’utilisation des matièrespremières et l’efficacité énergétique ainsique la réduction de l’impact sur l’environ-nement et des coûts d’exploitation.

P.R. Engineering Ltd.Linda Grieco249 Toronto Ave.Oshawa, ON L1H 3C2% (905) [email protected]

Since 1965, P.R. Engineering Limited hasbeen committed to the crusher industry inall aspects of manufacturing, remanufac-turing, component repair, supplying partsand service. If your requirements call for anew or remanufactured crusher, find outwhy P.R. Engineering in Oshawa, Ontario,Canada, is a leader in the jaw crusherindustry. We have the capabilities to fabri-cate, machine and assemble large customequipment for the following industries:steel, pulp and paper, material handling,power generation, defence and architec-tural/advertising.

Pacific Bit of Canada Inc.Hal Hinkkuri204-9485 189th St.Surrey, BC V4N 5L8% (604) 513-4292; (877) 511-4292www.pacific-bit.com

Pacific Bit of Canada supplies the completeline of rock drilling tools: shanks, rods, bitsand accessories, tricones, DTH equipment,drill pipe, grinders and hand-held rockdrills. All are available. These are provenhigh-quality products from companiessuch as Robit, Rock Hog, WLS, Driconeq,CME and Canun. Based in British Colum-

bia, with a branch in Ontario, Pacific Bit hasone of the largest inventories in the coun-try. Pacific Bit prides itself on exceptionalservice with same-day or next-day deliver-ies. Quality products. Exceptional service.No compromises.

Paul F. Wilkinson & Associates Inc.Paul F. Wilkinson105-2325 rue Centre Montreal, QC H3K 1J6% (514) [email protected]

PFWA specializes in environmental andsocial impact assessment and aboriginalaffairs. Over the past 35 years, it hasserved the private industry, governments,NGOs, international agencies and close to100 aboriginal organizations, thereby gain-ing a solid understanding of the variousperspectives at play. For the past decade, ithas specialized in mining projects, princi-pally in Canada. It has also worked in India,Africa, and South America.

La firme PFWA se spécialise en évalua-tions d’impacts environnementaux etsociaux ainsi qu’en affaires aborigènes. Aucours des 35 dernières années, elle aœuvré pour le compte de firmes privées,de gouvernements, d’ONGs, d’institutionsinternationales et d’une centaine degroupes autochtones, profitant ainsi d’unebonne compréhension de perspectivesvariées sur le développement. Depuis unedizaine d’années, PFWA se spécialise dansles projets miniers, principalement auCanada. Son expérience s’étend aussi enInde, en Afrique et en Amérique du Sud.

Pex Industrial Pipe SolutionsCarl Wood9627-41 Ave.Edmonton, AB T6E 5X7% (780) [email protected]

Pexgol is a new pipe to the mining industry inNorth America. It is a cross-linked polyethyl-ene in industrial sizes: two inches to 24inches. It has very good abrasive character-istics as well as excellent corrosive proper-ties, resists crack propagation and one of themost durable products on the market. Hav-

ing a temperature range from –50 degreesCelsius to 110 degrees Celsius suits thesevere climate and rigours of the miningindustry in Canada and the United States.Pex Industrial Piping Solutions is represent-ing this product in Canada and is waiting towork with you to provide solutions.

Pneuma-Tool Inc.Keith Klayh1971 Bond St. North Bay, ON P1B 4V7% (705) 478-0902www.pneuma-tool.com

Rock drill lubricants (RDOs) represent arelatively small cost to mine operators buthave a significant impact on mine produc-tivity and on the health and safety of min-ers. Traditional RDOs create an oil mist,reduce visibility, form a slippery film onsurfaces, and pose a respiratory hazard.Pneuma-Tool eliminates oil mist, improvestool life and creates a healthier work envi-ronment. Various grades are available forextreme heat and cold, and for areas withlimited ventilation.

Les lubrifiants pneumatiques représen-tent une dépense faible pour les exploi-tants de mines, mais ils ont un impactsignificatif sur la productivité des mines etde la santé et la sécurité des miniers. Leshuiles traditionelles créer un brouillardd’huile, une réduction de visibilité, la for-mation d’une filme glissant sur les sur-faces, et la création d’un dangerrespiratoire. Pneuma-Tool élimine lebrouillard d’huile, améliore la durée de vied’outil, et crée un environnement de tra-vail plus sûr et sain.

Polar Mobility Research Ltd.Ian Duiven7860 62nd St. SECalgary, AB T2C 5K2% (403) 279-3633www.polarmobility.com

At Polar, we manufacture a diverse selec-tion of HVAC systems for use in the heavyconstruction, military and mining indus-tries. Wherever clean, conditioned air isrequired, you can find Polar Air. Check outour mining A/C systems on our website. AllPolar-manufactured products aredesigned to give the greatest operatorcomfort and reliability for your environ-




ment – engineered for incredible perform-ance in extreme conditions and built tohandle vibration, corrosive atmospheres,dusty work areas and hazardous environ-ments. Do you require intrinsically safe orexplosion-proof systems? Polar can helpsolve issues. Our systems are suitable forall equipment and uses including: shovels,dozers, drills, LHDs, cranes, refuge sta-tions, haul trucks, excavators, et cetera. Nomatter what your application, call Polar(800-309-8155)! Heavy-duty HVAC systemsfor extreme climates and hazardous envi-ronments.

Potash Corporation of SaskatchewanP.R. Engineering LimitedWilliam Doyle500-122 1st Ave. S Saskatoon, SK S7K 7G3% (306) 933-8500; (800) 667-0403www.potashcorp.com

Praetorian ConstructionManagementGreg Topinka201-10441 178 St. Edmonton, AB T5S 1R5% (780) 989-0289www.praetoriancm.com

Praetorian Construction Management pro-vides professional construction manage-ment services for the global miningindustry including open pit and under-ground operations. We serve as our clients’front-line interface for the developmentand construction of projects at both newand existing facilities in the resource sec-tor. Praetorian brings extensive experiencein remote, arctic conditions and meets thechallenges created by extreme coldweather. We incorporate this experienceinto the planning, scheduling, con-structability and execution of a project. Wefocus on leadership, effective communica-tions and continuous improvement for themanagement of the construction and,more importantly, for the development of abehaviorally based safety culture.

PROVIX Inc. Karly Winfield6436 Hwy 89 E Alliston, ON, L9R 1V2% (888) [email protected]

PROVIX is Canada’s leading supplier ofintegrated video systems. PROVIXenhances vision through the deployment oftechnologically advanced camera andremote operation systems. Camera sys-tems that can include IP network video,remote viewing capability, wireless record-ing, mine automation and triggered eventmonitoring, night vision and safer, moreproductive operations in drilling, mucking,hauling, blasting, tramming, loading andrescue operations.

Custom camera systems for any applica-tion! If you can imagine it; we can design,build and support it.

PROVIX est le premier fournisseur de sys-tèmes de vidéo intégrés du Canada. Paméliore la vision à travers le déploiementde caméra technologiquement avancé etles systèmes de commande à distance.Les systèmes de caméras peuventinclure : La vidéo IP du réseau, la capacitéde visualisation à distance, l’enregistre-ment sans fils, automatisation des mineset la surveillance des évènements déclen-chés, la vision de nuit et les opérationsplus sûres et plus productives en matièrede forage, de déblayage, le transport, ledynamitage, herschage, le chargement, etles opérations de sauvetage.

Des systèmes de caméras sur mesurepour n’importe qu’elle application! Si vouspouvez l’imaginer; nous pouvons le conce-voir, construire et soutenir!

PVA Consulting GroupBernard Sargent20865 Cote Nord Rd.Boisbriand, QC, J7E 4H5% (450) 970-1970; (877) 970-1970www.pva.ca

PVA is a management consulting firm thathas been assisting clients for more than 20years to achieve significant productivityimprovements. Our approach leveragescurrent operating conditions and thereforerequires no additional capital investments.Our focus is on improving the effectivenessof front-line management, providing them

with tools and skills that will have a meas-urable impact on your organization’s per-formance. Our experience in the miningindustry has shown productivity improve-ments in the range of 30 per cent.

Pyott Boone ElectronicsCanada Limited (PBE Group)Cindy Chesney394 Hwy 47Goodwood, ON L0C 1A0% (905) 640-1839; (905) 442-4917www.pbegrp.com

PBE designs and builds reliable, high-techmine safety, monitoring and communica-tions systems. Our MineBoss™ systemmonitors and controls our products includ-ing tracking, conveyor monitoring and con-trols, wired and wireless gas monitoring,fire and dust suppression and paging tele-phone lines, with installations worldwide.With global sales and local service, PBE isyour one-stop-shop for mine safety andproductivity to support your mining opera-tions now and for years to come.

QinetiQ Ltd.Sue Allen Cody Technology Park, Ively Rd.Farnborough, Hampshire, United KingdomGU14 0LXwww.QinetiQ.com

QinetiQ employs more than 9,000 peopleworldwide and offers high-end technicalknowledge underpinned by world-classresearch and innovation. We supply advice,assurance, test and evaluation, engineer-ing solutions and training. QinetiQ’s Train-ing and Simulation Services division hasdeveloped a state-of-the-art virtual realitytraining simulation to provide mine safetytraining. This capability is currently used totrain more than 2,500 miners per year inhazard awareness, emergency response,mine rescue, and production/maintenanceefficiency.



RAX Enterprises Inc.Dan Rachiele451 Mahogany Terr. SE Calgary, AB T3M 0X4% (403) 452-6666; (866) [email protected]

Open since 2002 and operating from Cal-gary, Alberta, RAX Exterprises Inc. isactively invoved in the sourcing of usedmining equipment, attachments and majorcomponents. RAX will source for all makesand types of mobile surface mining equip-ment, including electric cable shovels,draglines, hydraulic excavators, miningtrucks, wheel loaders, crawler tractors,motor graders, scrapers and rotary drills.RAX specializes in hard-to-find used andnew parts.

Redpath Mining Contractors & EngineersNathalie Bester 710 McKeown Ave.North Bay, ON P1B 7M2% (705) [email protected]

Redpath has been providing full and com-prehensive expertise and experiencedservices to the global mining industry formore than 50 years. Companies chooseRedpath for our international family ofhighly qualified personnel, unwaveringcommitment to maintaining the highestsafety standards and ability to meet dead-lines. Technical and operational expertisecontributes greatly to our reputation forpractical and innovative performance,resulting in the successful completion ofcomplex, challenging mine developmentand construction projects. Worldwide serv-ices include shaft sinking, mine develop-ment contract mining, raiseboring andraise drill manufacturing, raise mining,underground construction, engineeringand technical services.

REM Resource Engineering & MaintenanceLeesa Nacht222 Edward St. Aurora, ON L4G 1W6% (905) [email protected]

REM is Canada’s only magazine dedicatedto maintenance and reliability, and physicalasset management in the resource sector.REM helps more than 11,400 key facilityand field/remote decision-makers in theoil and gas and mining sectors improvecritical-path equipment maintenance andreliability performance, as well as reduceoperational costs.

Ressources QuébecDenis Williams1500-600 rue de la Gauchetière O Montreal, QC H3B 4L8% (866) [email protected]

Ressources Québec, a subsidiary ofInvestissement Québec, is the gateway forcompanies seeking to invest in the miningand hydrocarbon industries. RessourcesQuébec supports resource companies atevery stage of their projects, from explo-ration and development through to pro-cessing. It offers a full range of financialproducts, including investments in sharecapital, debentures and various types ofloans.

Ressources Québec, filiale d’Investisse-ment Québec, est le point d’entrée desentreprises qui souhaitent investir dansles secteurs des mines et des hydrocar-bures. Ressources Québec accompagneles entreprises tout au long de la réalisa-tion de leurs projets, de l’exploration àl’exploitation, jusqu’à la transformationdes ressources. Elle offre toute la gammedes produits financiers tels que des parti-cipations dans le capital-actions desentreprises, des débentures et diversesformes de prêts.

RichwoodJudd RoseberryPO Box 1298Huntington, WV, USA 25714-1298% (304) 525-5436; (800) 237-6951www.richwood.com/

Rio Tinto Iron & TitaniumDidier Arseguel 1625 rte. Marie-Victorin Sorel-Tracy, QC J3R 1M6% (450) 746-3076www.RTIT.com

Rio Tinto is a leading international mininggroup. Its business is finding, mining andprocessing mineral resources. Major prod-ucts are aluminum, copper, diamonds,thermal and metallurgical coal, uranium,gold, industrial mineral (borax, titaniumdioxide and salt) and iron ore. Activitiesspan the world and are strongly repre-sented in Australia and North America withsignificant business in Asia, Europe, Africa,and South America.

Rio Tinto est un important groupe minierinternational. Il s’occupe de prospection,d’exploitation et de traitement de res-sources minérales. Il produit principale-ment de l’alluminium, du cuivre, desdiamants, du charbon métallurgique etthermique, de l’uranium, de l’or et desminéraux industriels (borax, dioxyde detitane et sel) et du minerai de fer. Bien queses activités soient d’envergure mondiale,Rio Tinto est solidement implanté en Aus-tralie et en Amérique du Nord et possèded’importantes entreprises en Asie, enEurope, en Afrique et en Amérique duNord.

Rockhound LimitedDominic YF KotUnit A, 12th FloorTimes Media Centre, 133 Wanchai Rd. HongKong, China % 852 [email protected]

Rockhound is a Hong Kong-based privatecompany of highly qualified professionalsand business specialists set up in 2006 toserve the minerals industry in the region,both in exploration and mining. We providetechnical consultancy services as well asmineral asset management services tai-




lored to the needs of our clients. We helpour clients maximize their minerals invest-ments through technical means andthrough our business network in theregion.

Rockwell AutomationAndrew Bagley 360 Holiday Inn Dr.Cambridge, ON N3C 3Z9% (519)244-5321 ca.rockwellautomation.com

At Rockwell Automation, helping manufac-turers succeed and grow is what we dobest, with industrial automation controland information solutions designed to giveyou a competitive advantage. From stand-alone industrial components to enterprise-wide integrated systems, our solutionshave proven themselves across a widerange of mining applications in some of themost demanding environments. RockwellAutomation offers open pit and under-ground mining operations a completeprocess automation solution plus plant-wide control, featuring advance processcontrol, process safety systems and powerand energy management solutions.

Rulmeca Canada LimitedNick MacKenzie 75 Mason St.Wallaceburg, ON N8A 4L7% (519) [email protected]

Precismeca is now Rulmeca Canada! Pre-cismeca Limited was purchased by theRulmeca Group in 2000. The Precismecaname is well recognized worldwide andwill continue in a brand-name capacity.Manufacturing out of Wallaceburg, Ontario,Rulmeca Canada is the forefront of tech-nology, design and construction of a vastarray of conveyor components. RulmecaCanada stands alone in its commitment tosupply only the most robust conveyor prod-ucts on the market today.

RungePincockMinarco(Canada) Limited Diane Kincaid304-4014 Macleod TR SWCalgary, AB T2G 2R7% (403) [email protected] www.rpmglobal.com

RungePincockMinarco (RPM) is one of theworld’s largest independent groups of min-ing technical experts, with a historystretching back to 1968. RPM was formallyintroduced to the market in December2012 as three of mining’s most respectednames – Runge, Pincock Allen & Holt andMinarco-MineConsult – united. Together,we collectively offer solutions that span allcommodities and mining methods fromadvisory consulting to software technologyand professional development courses. Wehave local knowledge gained through ourwork in more than 118 countries.

SAFEmap International Inc. Corrie Pitzer500-666 Burrard St.Vancouver, BC V6C 3P6% (604) [email protected]

SAFEmap is a global safety consultancythat focuses on safety leadership, culturechange and risk-based safety. Our pro-grams create real change, ensure lastingsafety improvements and win the heartsand minds of people to take you “beyondzero.” With us, your managers becomeinspirational safety leaders, your supervi-sors become safety coaches and youremployees become safety champions. Ourtraining courses are globally recognized,our change programs are unequalled andour focus on risk is unique.

Schlumberger WaterServicesShane O’Neill109-267 West Esplanade Ave.North Vancouver, BC, V7M 1A6% (604) 836-0300www.swstechnology.com

Schlumberger is the world’s largest sub-surface technology company with annualrevenues of $39 billion and more than 80years of history. Most of the Schlumbergerhigh-value technology services are directlyapplicable for mine exploration and forincreasing mine production. Working withmajor mining companies and investingR&D funds, Schlumberger has been devel-oping fit-for-purpose mine solutionsrelated to heap leach dynamics, directionaldrilling for dewatering and exploration, in-situ mine exploration via wireline and site-wide monitoring solutions.

Sentry Equipment Corp.William J. Werra966 Blue Ribbon Cir. N Oconomowoc, WI, USA 53066% (262) [email protected]

Sentry® Equipment Corp. has been a keysupplier of sampling systems to the miningindustry for more than 30 years. Whetherstrip mining oil sands, mining preciousmetals, alumina or aggregate, dealing withhigh-pressure slurries or bulk solidsrequires expertise in application anddesign for handling abrasive media. Sentryengineers, manufactures and servicescomponents for collecting representativesamples that enable analytical and opera-tional professionals to gain samples safelyand simply, and with repeatable results.

Sentry® Equipment Corp. est un des prin-cipaux fournisseurs de systèmes d’échan-tillonnage à l’industrie minière depuis plusde 30 ans. Que ce soit l’exploitationminière des sables bitumineux, l’extrac-tion des métaux précieux, l’alumine oul’agrégat, le traitement de boues à hautepression ou solides en vrac requiert uneexpertise dans la conception et l’applica-tion pour la manipulation des produitsabrasifs. À Sentry on fait l’ingénierie, lamanifacture des composantes et fournis-sons les services pour la collecte des



échantillons représentatifs qui permet auxprofessionnels analytiques et opération-nels d’obtenir des échantillons simple-ment et sans risque, avec un résultatreproductible.

Service aux entreprisesHarricanaLuc Mercier850 1re Rue E. Amos, QC J9T 2H8% (819) 732-6563www.csharricana.qc.ca

Le Service aux entreprises de la commis-sion scolaire Harricana dispense des ser-vices de formation continue dans dessecteurs de pointe, adaptés aux réalitésdes entreprises minières et forestières.Qu’il s’agisse de mécanique industrielle,de conduite de machinerie lourde et de voi-rie forestière appliquée aux mines et tra-vaux de chantiers, le SAE peut répondre àvos exigences. D’importantes compagniesd’envergure internationale ont fait appel ànotre expertise : Osisko, Agnico Eagle, RioTinto (Madagascar), Domtar, Produitsforestiers Résolu et bien d’autres.

Sherwin-WilliamsProtective & MarineCoatings DivisionJohn ReiserPO Box 545La Center, WA USA 98629% (360) 931-4645john.reiser@sherwin.comwww.protective.sherwin-williams.com

Corrosion is a critical issue in mining, dueto extreme enrivonmental conditionswhere mining operations are conducted,heavy duty machinery, the action of acidsand other chemical products used in pro-duction processes. A proper anticorrosiveprotection ensures a longer lasting serv-ice-life of your assets, cost reduction indowntime due to system failure and lessaccident hazards. Sherwin Williams is aleading manufacturer of paints and coat-ings for corrosion protection in mining,based on a long and successful experiencein major mining projects in Latin Americaand worldwide. The best specialized pro-fessional team will help you make yourbest decision on protection needs.

Siemens Canada Ltd.David Graham811 Roulston BayRegina, SK S4N 7E6% (306) 955-4002www.siemens.ca

For more than 100 years, Siemens hashelped make Canada a better place.Nationwide, more than 4,500 employees inCanada work together to provide answersthat last in the fields of industry, energy,health care and infrastructure solutions.Since 1912, Siemens has stood for techni-cal achievements, innovation, quality andreliability. Sales for Siemens in Canada infiscal 2012 were C$2.1 billion. The com-pany has 53 offices and 14 manufactur-ing/assembly facilities across Canada.

Les idées novatrices de Siemens contri-buent à améliorer la vie au Canada depuisles 100 dernières années. De l’Atlantiqueau Pacifique, plus de 4 500 employés y tra-vaillent ensemble pour proposer desréponses durables dans les domaines del’industrie, de l’énergie et de la santé, etpour livrer des solutions d’infrastructurepour le tissu urbain. Depuis qu’elle aobtenu sa charte fédérale en août 1912,Siemens est synonyme de réalisationstechniques, d’innovation, et de fiabilité.

SKF Canada Ltd.Lars Ruuth40 Executive Crt.Toronto, ON M1S 4N4% (416) 299-1220; (416) 299-2846 (rep)www.skf.ca

SKF Group is a leading global supplier ofbearings, seals, mechatronics, lubricationsystems and services, which include tech-nical support, maintenance and reliabilityservices, engineering consulting and train-ing. The SKF life cycle managementapproach applies SKF’s expertise in a widerange of technical areas to help cus-tomers, both OEMs and the aftermarket,optimize machine productivity and effi-ciency. Technical development, quality andmarketing have been the focus at SKFsince the very start. The group’s efforts inR&D have resulted in numerous innova-tions, forming bases for new standards,products and solutions.

Le Groupe SKF est l’un des premiers four-nisseurs mondiaux de produits et de solu-tions sur les marchés des roulements, des

services, des solutions d’étanchéité, de lamécatronique et des systèmes de lubrifi-cation. Les services incluent l’assistancetechnique, la maintenance, la mainte-nance conditionnelle et la formation.Depuis toujours, SKF privilégie la qualité,l’excellence technique et la satisfactiondes clients. Le Groupe s’investit considé-rablement dans la Recherche et le Déve-loppement. De nombreuses innovationssont à la base de nouveaux produits, denouvelles normes et de solutions dans lemonde des roulements.

SM Construction Inc.Serge Tardif15971 boul. de la CollineQuébec, QC G3G 3A7% (418) 849-7104www.sm-inc.com/sm-construction-en

SMS Equipment Bruce Knight53113 Range Rd. 263A, Zone 1 Acheson, AB T7X 5A5% (780) 948-2200www.smsequip.com

SMS Equipment is one of Canada’s leadingproviders of equipment solutions and serv-ices for the construction, forestry, miningand utility industries. To help customersmeet their needs, SMS has establishedstrategic alliances with suppliers aroundthe world. SMS Equipment is a full-linedistributor of heavy industrial equipmentand also offers a variety of servicesthrough various locations throughoutCanada.

Équipement SMS est l’un des premiersfournisseurs de solutions et de servicesdans les secteurs de la construction, de laforesterie, de l’exploitation minière et desproduits utilitaires. Pour répondre auxbesoins de sa clientèle, Équipement SMSétablit des alliances stratégiques avec desfournisseurs provenant des quatre coinsdu globe. Équipement SMS est le distribu-teur d’une gamme complète d’équipe-ments lourds et offre toute gamme deservices dans diverses succursales par-tout au Canada.




SNL Metals & Mining Michelle Mowdy300-1718 Argyle St.Halifax, NS B3J 3N6% (902) [email protected]

SNL Metals & Mining is the most trustedsource of global mining information andanalysis with more than three decades ofexperience. From worldwide exploration,development and production to strategicplanning and acquisitions activity, ourcomprehensive and unbiased researchhelps clients make confident decisionsand, ultimately, improve results.

SRK Consulting (Canada) Inc. Mark Liskowich205-2100 Airport Dr. Saskatoon, SK S7L 6M6% (306) 955-4778www.srk.com

SRK Consulting is an independent, inter-national consulting practice serving mainlymining industry clients. Founded in 1974,SRK offers services from grassroots explo-ration to mine closure planning. SRKemploys more than 1,500 leading special-ists in science and engineering at over 50offices on six continents. Example servicesinclude due diligence, feasibility studies,permitting, mine waste management andmine closure. SRK clients include major-and medium-sized mining companies,exploration companies, banks and govern-mental departments.

Stonehouse Mining Corp.David Price1010-1130 West Pender St.Vancouver, BC V6E 4A4% (604) 398-5380 www.stonehouseint.com

Stonehouse specializes in the delivery ofconstruction projects across the globe.Current work locations are Kuala Lumpur(Malaysia), Astana (Kazakhstan), Accra(Ghana), and Vancouver (Canada). Stone-

house provides the following integrated,multidiscipline services to our clients:strategic and project-specific planning,engineering and management services;engineering, procurement and construc-tion management (EPCM), asset operation(mines, power plants, processing plantsand associated infrastructure); andarranging or providing project finance.

Stonehouse se spécialise dans la livraisondes projets de construction à travers leglobe. Les emplacements de travail actuelsont Kuala Lumpur (Malaisie), Astana(Kazakhstan), Accra (Ghana) et Vancouver(Canada). Stonehouse fournit les servicesintégrés et pluridisciplinaires suivants à nosclients: services de planification, d’ingénie-rie et de gestion stratégique et projet-spéci-fique ; ingénierie, fourniture, et gestion deconstruction ; opération de capitaux (mines,centrales, usines de traitement et infra-structure et associée) ; et s’chargeant oufournissant des finances de projet.

Struttmann ConsultingTom Struttmann46 De Sliva Island Dr.Mill Valley, CA, USA 94941% (925) [email protected]

At Struttmann Consulting, we help miningindustry clients across the globe solvetheir toughest management challenges.Our in-depth operational analyses andtechnical evaluations provide mining com-panies, financial institutions and miningcontractors with a road map for success.Specialties include: technical and opera-tional due diligence; M&A; post-mergerintegration; asset management; mainte-nance engineering; and strategic sourcing.By identifying the best solutions for eachclient’s unique situation, we ensure theright resources are allocated for world-class results.

Struttmann Consulting aide les clients del’industrie minière partout au monde àrésoudre leurs plus grands défis. Nos ana-lyses opérationnelles et techniques appro-fondies tracent pour les minières,institutions financières et entrepreneursminiers la voie du succès. Nos spécialitésincluent : diligence raisonnable techniqueet opérationnelle, regroupements d’entre-prises, intégration post-fusion, gestiondes actifs, ingénierie de maintenance etsourçage stratégique. En identifiant lesmeilleures solutions pour chaque client,nous nous assurons qu’il obtienne les res-sources les mieux adaptées pour desrésultats exceptionnels.

Stuart Olson Industrial ConstructorsDenis Gareau1-1988 KingswaySudbury, ON P3A 2P2% (705) [email protected]

Stuart Olson Industrial Constructors is afully integrated construction company pro-viding surface construction to the Canadianmining industry. Stuart Olson IndustrialConstructors’ commitment is to offer proj-ect solutions on budget and on schedule,with the highest degree of safety and envi-ronmental responsibility. A member of theStuart Olson Corporation, Stuart OlsonIndustrial Constructors ensures ef fec tivemanaged projects from concept to comple-tion.

Suncast Polytech Inc.Wally WesloskyBox 346, 9768-170 St.Edmonton, AB T5T 5L4% (780) [email protected]

Suncast Polytech is a manufacturer of spe-cialty cast elastomer polyurethane wearparts.

Suncast manufactures PUR parts for theoil and gas, oil sands, pipeline, mining andforestry industries for use in difficult anddemanding applications. Suncast hasdeveloped a proprietary process technol-ogy called ReCast™ that makes it possibleto rebuild or recycle worn polyurethane(PUR) parts.

This technology creates a completelysecure bond between virgin and cured PURcast elastomer enabling the ReCast™parts to perform successfully in demand-ing applications.



Suncor EnergyAnne Marie Toutant150-6 Ave. SWCalgary, AB T2P 3E3% (403) 296-6060www.suncor.com

Suncor Energy is Canada’s leading inte-grated energy company. Suncor’s opera-tions include oil sands development andupgrading, conventional and offshore oiland gas production, petroleum refining,and product marketing under the Petro-Canada brand. While working to responsi-bly develop petroleum resources, Suncor isalso developing a growing renewableenergy portfolio.

Suncor Énergie est la plus importantesociété énergétique du Canada. Les activi-tés de Suncor sont reliées notamment audéveloppement et à la valorisation dessables pétrolifères, à la production pétro-lière et gazière classique et extracôtière,au raffinage du pétrole et à la commercia-lisation des produits sous la marquePetro-Canada. Suncor exploite les res-sources pétrolières de façon responsable,ainsi qu’un portefeuille croissant desources d’énergie renouvelable.

SYNTHESARC INC.Serge Dallaire106-75 boul. de Mortagne Boucherville, QC J4B 6Y4% (450) [email protected]

SYNTHESARC offers the minerals industryfacing severe wear problems high-techcored wires that produce arc-sprayed coat-ings and overlays containing boridephases. Having high hardness and excel-lent chemical stability, these coatings andoverlays possess superior abrasion, dryerosion (low and high temperature) andslurry erosion resistances. Synthesarc alsodevelops tailored coatings for specificapplications.

SYNTHESARC offre à l’industrie de trans-formation des minéraux aux prises avecdes problèmes graves d’usure, des filsfourrés spéciaux qui produisent par pro-jection à l’arc et par soudure des revête-ments et recouvrements contenant desborures. Ces revêtements qui ont unedureté élevée et une excellente stabilité

chimique, possèdent une résistance éle-vée à l’érosion sèche (basse et haute tem-pératures), l’abrasion et l’érosion parboues. Synthesarc fait aussi la conceptionde revêtements sur mesure adaptés à desbesoins spécifiques.

Teck Resources Limited3300-550 Burrard St. Vancouver, BC V6C 0B3% (604) 699-4000www.teck.com

Teck is a diversified resource companycommitted to responsible mining and min-eral development with major businessunits focused on copper, steelmaking coal,zinc and energy. Teck owns, or has aninterest in, 13 mines in Canada, the UnitedStates, Chile, and Peru, as well as onemetallurgical complex. Teck is activelyexploring for copper, zinc and gold in theAmericas, Asia Pacific, Europe, and Africa.

Teck est une entreprise diversifiée de res-sources, engagée à mener des activités etdes développements miniers de manièreresponsable. Ses principales unités opé-rationnelles sont le cuivre, le charbonpour la fabrication de l’acier, le zinc etl’énergie. Teck est propriétaire ou possèdeun intérêt dans 13 mines au Canada, auxÉtats-Unis, au Chili et au Pérou en plusd’un complexe métallurgique. Teckexplore activement à recherche de cuivre,de zinc et d’or dans les Amériques, enAsie-Pacifique, en Europe et en Afrique.

Tega Industries Canada Inc. Vinay Grover1305 Kelly Lake Rd., Unit 1 Sudbury, ON P3E 5P5% (705) [email protected]

Tega Industries Canada Inc.: Total solutionprovider to your problems of wear andabrasion when separating ores. TegaIndustries Canada Inc., an ISO:9002 certi-fied company, specializes in designing,manufacturing and supplying solutions forwear and separation of ores in the mining,mineral processing industries. Tega is atotal solution provider for wear and abra-sion problems. The products include: rub-ber/PM mill linings for AG, SAG, primary,secondary, rod, ball and pebble grind mills;

screen media made of rubber andpolyurethane; wear pads for chutes, bins,hoppers, spillage control systems for con-veyors; wear components for conveyorslike slider bars and beds, pulley lagging;and hydrocyclones for mineral separation.Its products are installed in more than 60countries with sales offices in 12 of them.

Tega Industries Canada Inc. - fournisseurde solution globale à vos problèmesd’usure et à l’abrasion lors de la sépara-tion des minerais. Industries Tega CanadaInc., une norme ISO: 9002 entreprise cer-tifiée, spécialisée dans la conception, lafabrication et la fourniture de solutionspour l’usure et la séparation des mineraisdans les mines, les industries de traite-ment des minerais. Tega est un fournis-seur de solutions globales pour l’usure età l’abrasion problèmes. Les produitsincluent: caoutchouc / PM revêtements debroyeurs pour AG, SAG, primaires, tige,billes et galets mouture usines secon-daires; médias de l’écran en caoutchouc etpolyuréthane; porter des protections pourles goulottes, accumulateurs, les trémies,les systèmes de contrôle de déversementpour les convoyeurs; porter composantspour convoyeurs comme les bars et les litscurseur, retard poulie; et hydrocyclonespour la séparation des minéraux. Ses pro-duits sont installés dans plus de 60 pays,avec des bureaux de vente dans 12 d’entreeux.

TerraSource GlobalArlene Willmann1600-100 North BroadwaySt. Louis, MO USA 63102% (618) [email protected]

TerraSource Global is the ultimateresource for material processing and han-dling equipment, uniting three market-leading brands: Gundlach Crushers,Jeffrey Rader and Pennsylvania Crusher.With sales offices and a representative net-work that spans the globe, these brandsare installed and trusted worldwidethroughout the material reduction andfeeding spectrum. The firm’s product lineincludes size reduction equipment, Posi-metric® and vibratory feeders, materialhandling equipment, screening and pro-cessing equipment, storage and reclaimequipment and pneumatic conveyingequipment.




Tetra Tech WEI Inc. Keara Pownall800-555 W. Hastings St. Vancouver, BC V6B 4N6% (778) [email protected]

Tetra Tech is a leading provider of consult-ing, engineering, program management,construction management, and technicalservices. The company supports govern-ment and commercial clients by providinginnovative solutions focused on water,environment, energy, infrastructure andnatural resources. With more than 14,000employees worldwide, Tetra Tech’s capa-bilities span the entire project life cycle.

Thibault & Associates Inc.J. Dean Thibault330 Alison Blvd. Fredericton, NB E3C 0A9% (506) 454-2359d.thibault@thibault-process-engineering.cawww.thibault-process-engineering.ca

Thibault & Associates Inc. providesprocess engineering services, specializingin the tailored design of metallurgical andhydrometallurgical flowsheets for produc-tion of concentrates and refined metals,with an experience base that includes proj-ects for recovery of base, transition, rareand precious metals. Our firm assures afully integrated approach to project execu-tion by offering in-house bench and pilot-scale test facilities, process and economicmodelling capabilities, process intensifica-tion studies, coordination of multidisciplineengineering design and after-care serv-ices.

Thyssen MiningConstruction of Canada Ltd.Rene Scheepers2409 Albert St. N, PO Box 1997 Regina, SK S4P 3E1% (306) 949-6606www.thyssenmining.com

Thyssen Mining Construction of Canada isa leading mining contractor in Canada andthe United States, and also a world leaderin shaft sinking. Our expertise includesshaft sinking, mine development (level,ramp and raise), mine rehabilitation anddewatering, raise boring, road headeroperation, civil and mine construction,ground freezing, shotcreting, shaft boring,mine operation (stoping, tramming, haul-ing), ground control, raise mining, civil tun-nelling, mechanical and electricalinstallation, grouting and project manage-ment.

Timken Canada Evan Boere100-5955 Airport Rd.Mississauga, ON L4V 1R9% (905) 694-4900www.timken.com

Timken Canada has a long history servicingthe mining industry. Our head officelocated in Mississauga and our sales pro-fessionals across the country work along-side our authorized distributors to supportmining customers in finding the best anti-friction solutions – a hallmark for over acentury. In addition, with our extensive lineof seals, roller housed units and now cou-plings and chain, Timken is in a uniqueposition to better meet the needs of minesin Canada.

Timken Canada a une longue histoire auservice de l’industrie minière. Notrebureau chef à Mississauga, nos profes-sionnels de la vente à travers tout le paysainsi qu’à l’aide de nos distributeurs auto-risés répondent depuis plus d’une cen-taine d’années aux besoins des clientsminiers en leur offrant les meilleuressolutions en produits antifriction. Avec enplus notre large gamme de joints d’étan-chéité, de paliers sur roulements à rou-leaux, et maintenant d’accouplements etde chaîne, Timken est dans une positionunique pour desservir les besoins desmines au Canada.

Ultra Seat CorporationEric Krysa1-305 - 26230 TWP. Rd. 531AAcheson, AB T7X 5A4% (800) [email protected]

Ultra Seat Corporation has been specializ-ing in the development and manufacturingof innovative industrial seating for morethan 20 years. Aiming to be recognizedworldwide as the preferred source forindustrial seating, Ultra continuously looksfor new products and technologies to helpserve its customers better and offers thehighest quality and reliability of seatingsystems. Ultra has distribution centresacross North America and is expanding itsdistributor network around the globe.

United Rentals Pump SolutionsOwen MyhreBay 101, 5025 90 Ave. SECalgary, AB T2C 2S9% (403) [email protected]/pumps

United Rentals Pump Solutions is a leadingprovider of industrial pumps, light towers,generators, compressors, dryers andrelated equipment. The industrial applica-tion areas in which we specialize are agri-culture, construction, disaster recovery,environmental, frac water transfer,marine, mining and quarry, municipal andbypass, oilfield, oil sands, pipe line, pulpand paper, refineries/petrochemical, rivercrossing, water and wastewater, and wellpointing.

ValléeFrédéric Beaulieu310 rue Principale Saint-Alban, QC G0A 3B0% (800) [email protected]

Renowned for its innovations, Vallée is amanufacturer specialized in custom han-



dling solutions. Our all-terrain articulatedfour-wheel-drive lift trucks, cable reels,tire handlers, buckets and forks for allmodels of lift trucks and loaders combinesafety with productivity to meet the specificneeds of the mining industry. Our know-how also extends to the metallurgy indus-try with our range of very compacthigh-capacity lift trucks and specializedattachments.

Entreprise reconnue pour ses innovations,Vallée est spécialisée dans les solutionsde manutention sur mesure. Nos chariotsélévateurs quatre roues motrices articuléstout-terrain, enrouleurs de câble, manipu-lateurs de pneu, godets et fourches pourtout modèle de chariots et chargeuses surpneus alliant sécurité et productivitérépondent aux besoins spécifiques de l’in-dustrie minière. Notre savoir-faire s’étendégalement au secteur de la métallurgieavec des chariots très compacts de grandecapacité et des outils spécialisés.

Val’s Drilling LimitedJonah CimoliniRR 3, Site 17, Comp. 18 Airdrie, AB T4B 0P7% (403) 226-0572www.vdrill.com

Founded in 1990, Val’s Drilling Limited hasspecialized in the drilling industry for morethan 25 years. Through our experience andinnovation, the company has thrived, grow-ing to include various drilling and supportequipment. With Balzac, Alberta, beinghome to head of operations, Val’s Drillinghas expanded throughout North America.Val’s Drilling will provide you with completedrilling solutions in any location the jobdemands!

Vatne Concrete Systems Ltd.Dan Vatne210 Sherwood Rd.Beaconsfield, QC H9W 2G8% (514) [email protected]

Vatne Concrete Systems Ltd is the Cana-dian distributor of the Stable Air system forconcrete air entrainment. Stable Airreduces batch mix water and improves rhe-ology and concrete durability in cementedpaste backfill (CPB), flowable fill, backfill,

VatneConcrete Systems

controlled low-strength material (CLSM),cellular concrete, cellular lightweight con-crete (CLC), grout, lightweight structuralconcrete and structural concrete.

With accurate, reliable Stable Air entrain-ment, we provide innovative, green, cost-efficient solutions.

Vatne Concrete Systems est le distributeurCanadien du système d’entrainement d’airStable Air pour béton cellulaire. Découvrezcomment un seul adjuvent, Stable Air,peut réduire votre consommation d’eau,votre utilisation de matériaux et améliorerla rhéologie pour votre remblai à pâtecimentée (CPB).

Stable Air améliore aussi la qualité dubéton a faible résistance contrôlée, leremblai de remplissage, le béton légercellulaire, les joints de surface, le bétonléger structural et le béton structural.

Nous offrons une solution fiable, innova-trice, écologique et économique.

Veyance TechnologiesCanada Inc. (GoodyearEngineered Products)Brad Baber383-3 11 Bellerose Dr. St. Albert, AB T8N 5C9% (780) 569-5057 [email protected]

Veyance Technologies Canada, Inc. is theexclusive manufacturer and marketer ofGoodyear Engineered Products, working toaccelerate business through good people,innovative technologies and smart solu-tions. Together, these strengths drive thedevelopment of Goodyear EngineeredProducts’ family of products and services:conveyor belts, industrial and hydraulichose and fittings, power transmission andother rubber products. Benefit from mar-ket-driven products designed to boost yourefficiency by keeping operating costs lowand increasing high profit potential.

Victaulic Tim Meadows123 Newkirk Rd. Richmond Hill, ON L4C 3G5% (905) [email protected]

Since 1919, Victaulic has been the world’sleading producer of grooved mechanicalcouplings and pipe-joining systems. Vic-taulic is the single supplier with unique solu-tions and a comprehensive product line formining’s most demanding services. Victaulichas developed a number of innovative pipejoining technologies designed for reliable,worry-free service under the most severeconditions imaginable. Victaulic systemsbenefit owners, engineers, installers andmaintenance personnel across the globe.

Depuis 1919, Victaulic est le premier pro-ducteur mondial de raccords mécaniquesrainurés et de systèmes de raccordementde tuyaux. Victaulic est le seul fournisseuroffrant des solutions uniques et unegamme complète de produits pourles tâches les plus exigeantes de l’exploi-tation minière. Victaulic a mis au point uncertain nombre de technologies novatricesd’assemblage de tuyaux conçues pour unservice fiable et sans tracas, même dansles pires conditions. Les systèmes Victau-lic profitent aux propriétaires, aux entre-preneurs, aux installateurs et aupersonnel d’entretien sur la planète.

Wajax EquipmentJohn Fitzpatrick30-26313 Twp Rd. 531 A. Acheson, AB T7X 5A3% (780) 948-5400www.wajax.com

Wajax Equipment is a 150-year-old com-pany focused on the distribution of allaspects of mining mobile equipment,including underground surface and plantprocess sales and service, and representsHitachi, Velocity, Vulcan, Zaman, Fletcherand Furakawa Western Canada.




Wajax Power SystemsSteve DiLoreto10025 51 Ave. Edmonton, AB T6E 0A8% (888) 717-7131www.wajaxpower.com

Wajax Power Systems is a leading Cana-dian distributor of power systems, dieseland natural gas engines, transmissionsand diesel, and natural gas generator sets.With more than 150 years of experience,we provide complete and custom powersolutions for mines, mining OEMs andother industries across Canada. Ourbranches extend from the Peace Region ofB.C., to the shores of Atlantic Canada, sono matter how remote your job site is,Wajax Power Systems has the sales andservice network to provide you with effi-cient, reliable power systems.

Wajax Systèmes de puissance est le plusimportant fournisseur canadien de sys-tèmes de puissance, moteurs diesel et augaz naturel, transmissions et groupesélectrogènes diesel et gaz. Possédant plusde 150 ans d’expérience, nous offrons dessolutions complètes ou sur mesure pourles mines, les fabricants d’équipement etplusieurs autres industries au Canada.Nos succursales s’étendent depuis leschamps de pétrole et de gaz naturel del’Ouest Canadien jusqu’aux rivages desProvinces de l’Atlantique, alors peuimporte si votre chantier se trouve dansune région éloignée, nous avons le réseaude vente et de service pour vos fournir dessystèmes de puissance efficaces etfiables.

Watts, Griffis and McOuat LimitedMichael Kociumbas400-8 King St. E Toronto, ON M5C 1B5% (416) [email protected] www.wgm.ca

Watts, Griffis and McOuat Limited (WGM) isCanada’s longest running independentfirm of geological and mining consultants,providing value-added professional serv-ices of the highest standards to the globalmineral resource industry. Our client list isas vast as our experience. From small capjunior exploration companies to globallydiversified metal producers, private ven-

ture capital firms to international invest-ment funds, and local stakeholders to gov-ernments of every level – WGM has youcovered.

Wenco International Mining Systems Ltd. Geoff Gauthier100-10271 Shellbridge Way Richmond, BC V6X 2W8% (604) 270-8277www.wencomine.com

Advancing the efficiency and safety of theworld’s surface mining equipment throughour fleet management systems, Wenco hasbeen providing world-class productivitysoftware and operator safety solutions forthe world’s surface mine operations formore than 20 years. We continuallyresearch industry needs and strive to pro-vide the most comprehensive and all-encompassing solutions in positioning andmachine guidance programs, equipmenthealth, state-of-the-art productivityreporting, and our trusted automatic dis-patch systems at very competitive pricing.

Nos systèmes de gestion de flottes ren-dent le matériel d’exploitation des mines àciel ouvert plus efficace et plus sûr, Wencoa été la fourniture de logiciels de producti-vité de classe mondiale et des solutions desécurité de l’opérateur pour les opérationsde la mine à la surface de la planète pourdepuis 20 ans plus.

WesTech Engineering, Inc.Jim Woods3625 South West Temple Salt Lake City, UT, USA 84115% (801) 265-1000www.westech-inc.com

WesTech designs and manufactures a fullrange of liquid/solids separation equip-ment for the minerals industry worldwide.Applications include product concentra-tion, tailings disposal, acid mine drainage,CCD circuit washing and more. WesTech’sprocess-driven approach to equipmentdesign and supply helps ensure the bestequipment selection for any application.We offer services for complete turnkey sys-tems and fast-track projects. WesTech isemployee-owned and ISO 9001:2008 certi-fied.

Western Potash Corp.Dean Pekeski1818-701 W. Georgia St. Vancouver, BC V7Y 1C6% (604) 689-9378www.westernpotash.com

Western Potash Corp. is a developmentstage potash company focused on buildinga solution mine on their Milestone propertylocated in southern Saskatchewan. Thecompany intends to develop this world-class Milestone potash deposit in an eco-logically sustainable, economicallyefficient and socially responsible manner.

In December 2012, along with AMEC ofAmericas, the company completed a feasi-bility study on the project.

The company has completed an environ-mental assessment on the Milestone prop-erty. The EA approval was granted by theSaskatchewan Ministry of Environment.The approval covers all components of themine facility including the use of City ofRegina-treated effluent as the industrialwater source for the project.

Western Potash has raised in excess ofC$140 million from institutional and retailinvestors including the IPO in May 2008.

Westlund (division of Emco Corp)Kevin Eaton5188A Everest Dr.Mississauga, ON L6V 3J8% (905) 624-8010 x: [email protected]

For more than 50 years Westlund has beenan industry leader, focused on the pipe,valve and fittings service and supplyrequirements for our Canadian mining andoil sands customers. Westlund has a majorpresence in all critical regional distributionlocations in all provinces and the territo-ries. With the necessary expertise and avast array of PVF products specifically tai-lored to the mining industry, Westlund canquickly and expertly service all yourrequirements.



Wire Rope Industries Ltd.Steve Wood5501 Trans-Canada Hwy Pointe-Claire, QC H9R 1B7% (514) 426-6442www.wirerope.com

Wire Rope Industries is the most diversi-fied manufacturer of high-performanceropes in North America. For more than 125years, the company has been a leader in itsfield. With our knowledge and expertise,we have been able to refine the art of rope-making into a science. Open pit and under-ground mines are renowned for havingsome of the most difficult equipment oper-ating conditions found anywhere in theworld. Wire Rope Industries offers a fullline of high-performance wire ropesdesigned and manufactured to handle thediverse conditions in your mining applica-tions.

W.S. TylerKristen Randall225 Ontario St.St. Catharines, ON L2R 7B6% (905) [email protected]

W.S. Tyler is a member of the wholly ownedGerman-based Haver & Tyler ProcessingTechnology Alliance, and a leading manu-facturer, systems provider and specialist inthe screening, washing and pelletizingindustry. Focused on all aspects of thescreening circle, from particle analysis andscreen media, to vibrating screens andprocessing technology, as well as screen-ing services, it is the company’s mission tobring new approaches and technologies tothe marketplace.

W.S. Tyler est la seule entreprise aumonde à fournir des solutions de criblage,de lavage et de bouletage de premier choixqui englobent le processus complet du cri-blage avec l’analyse des particules, lessupports de criblage, les cribles vibrantset l’équipement de transformation, ainsique l’analyse complète de la production etl’assistance pour l’entretien et les pièces.En tant que chef de file mondial de la tech-nologie du traitement des minerais, legroupe est renommé pour sa qualitéexceptionnelle et son engagement visant àredéfinir continuellement le traitementdes matériaux en apportant des solutionsinnovantes sur le marché.

Xylem Ethel Velentzas300 ave. LabrossePointe-Claire, QC H9R 4V5% (514) [email protected]/ca

Xylem is a leading global water technologyprovider with 12 sales and service loca-tions across Canada. Our dewatering serv-ice offers the complete Flygt line of pumpsfor municipal, industrial, mining and con-struction applications. Xylem also offers afull service rentals program. Submersiblepumps, engine-driven suction pumps, gen-erators, piping and complementary acces-sories are available.

Xylem est un leader mondial dans le sec-teur des technologies de l’eau, avec 12succursales au Canada. Le service dedrainage offre la gamme de pompes Flygtpour les applications municipales, indus-trielles, minières et pour le domaine de laconstruction. Xylem offre également desservices complets de location. Il proposeune gamme étendue de pompes submer-sibles, de pompes d’aspiration à entraîne-ment par moteur, de génératrices, deconduites et d’accessoires complémen-taires.


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47 BBA 104 Brandt Tractor 4 Breaker Technology Ltd. 30 Carlo Gavazzi 20 DSI Underground 11 Endress+Hauser 107 FLSmidth 7 FWS Group of Companies 28 Golder Associates Ltd. 29 Hewitt Equipment 15 HLS Hard-Line Solutions 3 Imperial Oil Limited 9 Kennametal 45 Klohn Crippen Berger 42 Luff Industries 22 Maschinenfabrik Koppern 99 McLanahan 13 Mecanicad IBC Petro-Canada 17 Quadra Chemicals Ltd. 49 Ryerson University 40 SNC-Lavalin TAB SSAB IFC Stantec 41 Tsubaki of Canada Limited 18 Valard Construction Limited OBC Xylem 129 Professional directory KASI Technologies PRO-MÉTAL PLUS

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IN THE NEXT ISSUE

Stealing gold-bearing ore is relatively easy and common.You can hide a rock with high-grade gold in the palm ofyour hand. But theft of silver ore is almost unheard of:

How do you hide boulders of the stuff? Because that is what youwould need to make its theftworthwhile. In the early 1960s,circumstances converged for agroup of miners in a sleepyYukon mining town to makesuch a proposition irresistible.What resulted was one of themost audacious Canadianmining thefts in history.

At the time, United KenoHill Mines Ltd. (UKHM) oper-ated a profitable silver mine inElsa, Yukon, an isolated com-pany-built town of about 600souls. The mine wasrenowned for its rich silverveins including one called theBonanza Stope that yielded4.5 million ounces of silverover the course of the roughlythree years it was mined.Some geological goblin hadsaved the vein’s best for last: a 2,500-short ton peach thatproduced astonishing assays of up to 7,500 ounces of silverper ton.

In 1961, over the course of several weeks, two minersbegan making nightly excursions into the stope during thefour “dead” hours between the day and night shifts. Soon, theyhad squirreled away in a dark recess of the mine close to 70tons of ore worth $2 million at today’s silver prices.

Later, joined by my father, Gerald Priest, they raced tomove the ore to a roadside ditch obscured by willow scrub onthe opposite side of a hill near the mine after word spread thatregular mining operations were to resume near the cached ore.

Then the hard mental work of how to sell the pilfered rockbegan. My dad, UKHM’s chief assayer, and Anthony Bobcik, anunderground miner turned assay office worker, hatched aplan. Dad got a local prospector to sell him the rights to minesilver and other precious metals in an area northeast of Elsaknown as the Moon mineral claims. Bobcik, meanwhile, reg-istered a new company called Alpine Gold and Silver Ltd.

Soon thereafter, Dad bought a snowmobile and began regu-lar trips “hauling ore” between his distant Moon claims and theroadside cache. Of course, the ore was already in place and thesnowmobile was all for show.


In early June 1963, three White Pass and Yukon Routetransport trucks arrived to haul the ore to Whitehorse where itwould then travel by rail to Skagway, container ship to Van-couver, and rail again to a smelter in Helena, Montana.

One truck driver bumbledthe getaway. Instead of skirtingElsa on a side road, he stoppedin town for cigarettes, coffeeand directions, where UKHMmine manager Al Pike spottedthe loaded truck.

Pike’s sighting triggered acostly police investigation andthe longest preliminary hearingin Yukon history. It also resultedin two trials, during which Dadand Bobcik stood accused ofattempting to sell ore they couldnot prove was theirs. It was anodd charge, requiring theaccused to prove their innocencerather than the Crown provingtheir guilt. The charge wouldlater be stricken from Canada’scriminal code for violating theCharter of Rights and Freedoms.

At the first trial, the Crown failed to obtain all but one con-viction. At the second trial, both men were convicted on allcounts. The jury rejected Dad’s story that he had hand-minedthe ore on the Moon claims. It did not matter that the Crownfailed to prove it came from the Elsa mine.

Following his release from jail in November 1966 after serving15 months of a four-year prison sentence, Dad exacted a measureof revenge. He initiated a civil suit before U.S. courts. The UnitedStates Court of Appeal was not impressed that the smelter hadprocessed the disputed ore and sent UKHM a cheque before myfather had even been tried let alone convicted. The court was evenless impressed with a Canadian law that flipped on its head thesacred legal tenet of innocent until proven guilty.

UKHM executives, eyeing potentially months of escalatinglegal costs, decided enough was enough. They paid a settle-ment of $80,000 to the man they had accused of stealing orefrom under their noses.

Alicia Priest is an award-winning writer with more than 25 years experience.Her work has appeared in the Vancouver Sun, the Globe and Mail, CBC Radioand the Canadian Medical Association Journal. This article is adapted from A Rock Fell on the Moon: Dad and the Great Yukon Silver Ore Heist (HarbourPublishing), Alicia’s first book. It is part memoir of an idyllic northernchildhood, a history of Yukon silver mining, and an account of one of Canada’smost daring silver heists.

CIM

The Elsa silver heistBy Alicia Priest

Gerald Priest and George Esterer, a family friend, at the ghost town of WerneckeCamp.

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cim magazine december '14/january '15

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