CIM Magazine February 2011

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FEATURE: Innovation is vital for Canadian mining industry. How to manage the risks and rewards associated with it remains the crucial question

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  • At Agnico-Eagle Mines Limited (AEM), we understand the value of a precious resource. That is why were committed to being an employer of choice, and to providing our employees with the support and opportunities they need to reach their full potential.

    AEM offers challenging and rewarding careers to individuals with a passion for excellence and a drive to achieve.

    To learn more about employment opportunities with AEM, visit our website.

    THE NEW GOLD STANDARD agnico-eagle.com

    aemopportunity

    3:40 PM

  • 2011 Caterpillar | All Rights Reserved | CAT, CATERPILLAR, their respective logos, Caterpillar Yellow the Power Edge trade dress as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission.

    C A T L A R G E M I N I N G T R U C K S

    785 / 789 / 793 / 795 / 797

    One manufacturer. One support network. One leader in performance. In 1984, we built our first large mining truck, a Cat 785. Twenty-six years later, that truck is still hard at work, and we are the market leader.

    Today, as we produce our 10,000th truck, a 793F, we continue to build reliable, durable and safe trucks that help our customers lower their cost per ton. Our experience is our strengthweve proven it 10,000 times.

    10,000 Strong. See the video at cat.com/mining.

    10,000STRONG

  • 4 | CIM Magazine | Vol. 6, No. 1

    22

    24

    NEWS 10 Rio Tinto funds new mining frontier Mining giant

    commits $10 million to partnership with the Centre for Excel-lence in Mining Innovation by J. Leuschen

    12 Caterpillar extends its reach The acquisition ofBucyrus International by Caterpillar gives the equipment manufacturer greater range, but the effects on innovation remain unknown by E. Moore

    13 Meeting gives spark to groups initiatives The firstannual Women in Mining meeting encourages women to playa greater role in the mining industry by J. Borsato

    14 International finance conference in China looksto the East The inaugural event brings out the financial community looking to connect Asian capital with Canadian projects by G. Griffiths

    16 Thwarted PotashCorp takeover leaves trail ofunanswered questions The governments decision tohalt the BHP takeover has raised questions about Canadasopenness to foreign investment by P. Brent

    20 Pioneers in Canada, and beyond The Canadian Mining Hall of Fame inducts three new members at a sold-outgala event in Toronto by T. Loree

    22 Chinese rare earth quota boosts Canadian juniors stock The global search for rare earth elementshas ratcheted up interest in Canadas North by V. Heffernan

    UPFRONT 24 Cultural convergence The Canadian

    Opera Companys tour of the Raglan Mineboth introduced the Inuit communities to operaand the troupe to the North by M. Eisner

    26 Bigger not always better Technologiesthat integrate mine and mill can make marginalhard-rock mines profitable by P. Caulfield

    28 Sharing knowledge in the digitalrealm The new online resource from theCentre for Excellence in Mining Innovation isdesigned for sharing expertise on mine designby A. Lopez-Pacheco

    30 Collaboration the key to innovationand success Doug Magoon, chairman ofAMIRA International, discusses the benefits of partnership when it comes to innovationby E. Moore

    CONTENTSCIM MAGAZINE | FEBRUARY 2011 | FVRIER 2011

    PRELIMINARY PROGRAM / PROGRAMME PRLIMINAIRE

    79

  • FEATURED PROJECTPROJET EN VEDETTE 42 Fast-tracking to production Nearing production, Osiskos gold mine operation in Malartic

    is the result of experienced leadership steering the project by P. Diekmeyer

    49 Un processus acclr; de la dcouverte la faisabilit la productionGrce un leadership dexprience, la mine dor Osisko Malarctic sera bientt en production.

    32FEATUREINNOVATION 32 Stepping up our game Innovation is vital for Canadian mining industry. How to manage

    the risks and rewards associated with it remains the crucial question. by E. Moore

    40 Intensifier nos efforts Linnovation est essentielle pour lindustrie minire canadienne.Lenjeu cl demeure la gestion des risques et des bnfices qui y sont associs.

    42

    COMMODITY PROFILE 52 The worlds thirstiest metal Tantalums high melt-

    ing point and resistance to rust has made it a very valuablemetal in our daily lives by D. Zlotnikov

    COLUMNS 55 MAC Economic Commentary by P. Stothart 58 Supply Side by J. Baird 60 Eye on Business by P. Swain and A. Benitah 62 Standards by J. Whyte 64 HR Outlook by M. Roberts and L. Forcellini 66 Metals Monitor by the staff of Metals Economics Group 68 Aboriginal Perspective by V. Heffernan 70 Innovation by T. Hynes 72 Safety by S. Dessureault 74 Women in Mining by J. Borsato 76 Mining Lore by C. Baldwin118 Voices from Industry by D. Morrison

    HISTORY110 The foundations of modern economic

    geology (Part 1) by R. J. Cathro113 Social problems in the mining industry

    a historical essay (Part 1) by F. Habashi

    IN EVERY ISSUE 6 Editors message 8 Presidents notes / Mot du prsident116 Professional directory

    NEW!

    February 2011 | 5

  • The meeting of two personalities is like the contact of two chemicalsubstances: if there is any reaction,both are transformed.

    ~ Carl Jung

    As we were in the throws of putting together thisinnovation-themed issue, I had the opportunitywith other members of CIMs national office toparticipate in a Myers-Briggs Type Indicator (MBTI)exercise, which indicates how one perceives the worldand makes decisions. The MBTI identifies four pairs of

    contrasting preferences extroverted/introverted, thinking/feeling, sensing/intuition,judging/perceiving which can be combined to form 16 possible psychological types.Although my own assessment of the subject would far exceed what this spacepermits, the timing of the MBTI exercise was perfect. It revealed how differently agroup of people who work together on a daily basis engage in common challenges,and it helped me to formulate a question that has been nagging at me for a while:How can one effectively create a culture of innovation in an organization let alonean industry as vast as mining when we are all wired so differently?

    MBTI proposes that no one type is better or preferred above another. In fact, it isin the collaborative blending of a variety of types that many strengths can bediscovered and weaknesses overcome.

    The same holds true for the mining industry, where the character and culture ofthe laboratory may be vastly different from the mine site, but the engagement ofeach is essential to sparking innovation. In the feature article, Stepping up ourgame, writer Eavan Moore speaks to leaders from all facets of the mining industryabout the traits the Canadian industry must champion and the risks it must manageto ensure its place among the global leaders in innovation.

    We also reached out to AMIRA International chairman Douglas Magoon for athought-provoking Q&A in which he discusses the challenges and opportunities forinnovation, as well as the role of research and collaboration.

    Meanwhile, our project profile, Osiskos Canadian Malartic operation in QuebecsAbitibi region, is a powerful argument for collaborative effort. By fostering closecommunity ties, strong supplier relationships and pioneering technologies, thisproject has been realized despite the recent recession and unique constraints ofoperating so close to a residential area.

    On the subject of collaboration, we would like to hear what you think theCanadian mining industry could be doing to foster innovation. Of course, if you knowof some projects that represent collaboration in action that might not be on ourcollective radar, we would love to hear about those, too. By sharing these with CIMMagazine readers, we can apply our strength to supporting the culture of innovation.

    Angela Hamlyn, Editor-in-chief

    A meeting of minds

    6 | CIM Magazine | Vol. 6, No. 1

    editors letter

    Editor-in-chief Angela Hamlyn, editor@cim.org

    Section EditorsNews, Upfront and Features:Ryan Bergen, rbergen@cim.orgSteve Stecyk, sstecyk@cim.orgColumns, CIM News, Histories and Technical Section:Andrea Nichiporuk, anichiporuk@cim.org

    Technical Editor Joan Tomiuk, jtomiuk@cim.org

    Publisher CIM

    Contributors Jon Baird, Correy Baldwin, Armand Benitah,Louise Blais-Leroux, Jeff Borsato, Paul Brent, R.J. Cathro,Peter Caulfield, Sean Dessureault, Peter Diekmeyer, MarleneEisner, Lindsay Forcellini, Genny Griffiths, Fathi Habashi,Virginia Heffernan, Tom Hynes, Janice Leuschen, AlexandraLopez-Pacheco, Thom Loree, Eavan Moore, Douglas Morrison,Martha Roberts, Staff of the Metals Economics Group, PaulStothart, Philip Swain, James Whyte, Dan Zlotnikov

    Published 8 times a year by CIM1250 3500 de Maisonneuve Blvd. West Westmount, QC, H3Z 3C1Tel.: 514.939.2710; Fax: 514.939.2714 www.cim.org; Email: magazine@cim.org

    Subscriptions Included in CIM membership ($150.00); Non-members (Canada), $168.00/yr (GST included;Quebec residents add $12.60 PST; NB, NF and NSresidents add $20.80 HST); U.S. and other countries,US$180.00/yr; Single copies, $25.00.

    Advertising SalesDovetail Communications Inc.30 East Beaver Creek Rd., Ste. 202Richmond Hill, Ontario L4B 1J2Tel.: 905.886.6640; Fax: 905.886.6615www.dvtail.com National Account Executives 905.886.6641Janet Jeffery, jjeffery@dvtail.com, ext. 329Neal Young, nyoung@dvtail.com, ext. 325

    This months coverSandias Gemini-Scout Rescue RobotPhoto by Randy Montoya, courtesy of Sand