mining global - november 2014

Exploration tEchnology by De Beers

How to: invEst in Mining stocks

AnglogolD AshAnti & Mine Site Infrastructure

November 2014 www.miningglobal.com

Rio Tinto: Mine of the futureAn interview with Andrew Harding, CEO of Rio Tintos Iron Ore Division

ExclusivE

in th is issue

Robert SpenceEditor

[email protected]

e d i t o r s c o m m e n t

W h i l e t h e M i n i n g i n d u s t r y

continues to approach automation with a grain of salt, rio tinto is taking the technology by the horns. the company, which is set to unveil its autonomous rail system sometime next year, sat down with us to discuss its mine of the Future and how the company is progressing.

Also this month: we examine how de Beers is leveraging proprietary technology for diamond exploration; how AngloGold Ashanti Limited handles mine site infrastructure; and the top 10 mining innovations set to turn the industry upside.

Lastly, we introduce our beginners guide to investing in mining stocks including how to get started, the risks and rewards, and tips for analyzing stocks through market data and metal prices.

enjoy the issue!

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5Contents

features

oPerAtionsAndrew Harding, the CEO of Rio Tintos Iron Ore Division, discusses the Mine Of The Future

MAChineryAngloGold Ashanti & Mine Site Infrastructure

teChnologyExploration Technology by De Beers

finAnCeHow to Invest in Mining Stocks

Mining Innovations of the Future

toP 10

8

30

16

24 36

ExclusivE

Contents

7

euroPe

44 Assoc.: euromines

54 Compass Minerals uK ltd

72 lundin Mining

AfriCA

94 grande Cte operations

CAnAdA

118 dundee sustainable technologies

126 iMerys talc Penhorwood Mine

134 Mega Precious Metals

142 ArcelorMittal Canada

170 ArcelorMittal Canada (French version)

198 Assoc.: Mining Association of British Columbia

usA

204 Brahma group

212 drA taggart

AustrAliA

222 liebherr Australia

246 CitiC heavy industries

262 BMd group

Company Profiles

222

72

94

262

54

204

Liebherr Australia

Lundin Mining

Grande Cte Operations

BMD Group

Compass Minerals UK Ltd

Brahma Group

126

126

IMERYS Talc Penhorwood Mine

ArcelorMittal Mines Canada

8 n o v e m b e r 2 0 1 4

Rio Tinto: Mine of the future

oPerAtions

99

Exclusive interview with Rio Tinto chief executive Andrew Harding on how the company is progressing with its Mine of the Future program, including the introduction of automated rail systems

W r i t t e n b y : R o b e Rt S pe n c e

1 0 n o v e m b e r 2 0 1 4

rio tintos Mine of the Future is no ordinary mine strategy. in fact, its

like nothing the mining world has ever

seen. Unveiled in 2008, the futuristic

program aims to change the face of

mining through the use of autonomous

equipment and technology only

witnessed in science-fiction films.

the mine of the Future, however,

is no sci-fi fantasy film.

rio tinto is putting the finishing

touches on a group-wide initiative

that involves next-generation

technology and big-data

utilization which will ultimately

alter mining operations forever.

Mining 2.0the goal behind the mine of the

Future isnt necessarily to build one

autonomous mine but rather a holistic

approach to find new ways to mine

and extract minerals more efficiently,

while also reducing environmental

impact and improving safety.

Focusing on two key themes

achieving efficiency in surface mining

through autonomy and improving

recovery practices the mine of

the Future program is aimed at

mining safer, better and faster, says

Andrew Harding, chief executive

of rio tintos iron ore division.

the mine of the Future program

develops step-change technologies,

which include: a centralized operations

center for remotely managing

operations, autonomous truck

haulage, autonomous train operations

(AutoHaul) and autonomous drilling.

the company, which first unleashed

its autonomous vehicles in 2008,

currently has 54 autonomous trucks

operating across three rio tinto

mine sites in Western Australia.

Rio Tinto utilizes Komatsu for its driverless trucks

oPerAtions

1 1

r i o t i n t o : m i n e o F t H e F U t U r e

We commenced trials in december

2008 at West Angeles and in June

2011, five autonomous haulage trucks

were moved from West Angeles

operations to Yandicoogina mining

operations and combined with

five new trucks, says Harding.

in July 2012 the autonomous

fleet reached a milestone of

hauling high grade iron ore at

the Yandicoogina mine.

rio tinto launched its operation

center in 2009, quickly progressing

to autonomous drilling and its

revolutionary rail system trials in 2012.

rio tintos AutoHaul system is

expected to be up and running in 2015.

The future leads to technologythe key behind rio tintos mine of

the Future isnt just the approach

but the technology behind it. the

company has compiled some of

the brightest and forward-thinking

minds in the industry to develop new

ideas for the companys mission.

Andrew Harding, CEO of Rio Tintos iron ore division

1 2 n o v e m b e r 2 0 1 4

rios technology & innovation

(t&i) group has been vital to the

autonomous project, partnering

with leading institutions such as the

University of sydney and imperial

college London to innovate new

ideas and improve the programs

environmental performance.

innovation is the key to improving

recovery rates of minerals from rock,

mining difficult resource bodies,

finding new resource bodies, reducing

energy use and restoring landscapes

when mining is finished, says Harding.

the companys research and

development is another vital chapter

of the program. in addition to

innovating new ideas, the r&d team

thrives on continuous improvements

and finding new ways of making

operations more efficient.

We have a centralized team

of specialists focused on step

change improvements in current

technologies and operations, but it

is not a solo effort: the mine of the

Future program is built on strong

r&d partnerships, says Harding.

the biggest advantage to creating

the mine of the Future is data.

the companys global operations

generate vast amounts of data and

Autonomous drill rigs are used at Rio Tintos Pilbara iron ore mines

Rio Tintos centralized control center in Perth

oPerAtions

1 3

rio tinto is working to harness

the value of that data to increase

productivity and become more

efficient across all operations.

Whats next?rio tinto is currently engaged

in its AutoHaul program, the

worlds first fully-autonomous

heavy haul, long distance railway

system a key initiative in the

mine of the Future program.

According to Harding, AutoHaul

is a critical enabler of rio tintos

strategy to become the worlds

best iron ore producer, allowing the

innovation is the key to improving recovery rates of minerals from rock, mining difficult resource bodies, finding new resource bodies, reducing energy use and restoring landscapes when mining is finished Andrew Harding, CEO of Rio Tintos iron ore division

1 4 n o v e m b e r 2 0 1 4

Mine of the Future was launched in 2008, embarking on a journey of technological discovery and achievement

the efficiency of our business.

Although rio tinto declined

to provide technological details

to the project (due to patents

and commercial sensitivities),

the company says people are at

the center of the AutoHaul.

developing, testing and eventually

operating this new technology,

AutoHaul provides opportunities

to be trained in new roles and obtain

new skills that will be at the forefront

of mining in the future, says Harding.

AutoHaul brings significant

benefits to the safety and wellbeing

of our people and the community,

through the implementation of

safer systems, new processes and

by reducing or removing hazards

company to achieve production at the

right cost and value-driven growth.

AutoHaul contributes to rio

tinto meeting increasing production

targets, as we expand to produce 360

million tons a year, and it improves

Autohaul contributes to rio tinto meeting increasing production targets, as we expand to produce 360 million tons a year, and it improves the efficiency of our business

oPerAtions

1 5

r i o t i n t o : m i n e o F t H e F U t U r e

Mine of the Future was launched in 2008, embarking on a journey of technological discovery and achievement

new ways to mine and extract minerals

more efficiently while reducing

environmental impacts and most

importantly, further improving safety.

overall, the program is making

breakthroughs in advanced

mineral recovery, extracting a

higher purity mineral from smaller

amounts of ore and reducing

waste. state-of-the-art automation

is transforming productivity and

safety for rio tinto, making mining

better for the entire industry.

our mine of the Future program

has shown positive outcomes in

the Pilbara region and showcases

the potential of the technology

across other operations and

commodities, says Harding.

and high-risk work factors.

Along with increasing

productivity and safety, the mine

of the Future has the ability to

assist the mining economy.

As we invest in innovation in the

mining industry, there are substantial

flow-on benefits for the broader

economy. innovative suppliers to

the mining extractive industries

have the opportunity to grow, create

new jobs, and build smart exports

through collaborative technological

innovation, said Harding.

We remain focused on optimizing

productivity through autonomous

technology. these technologies are

a key part of the mine of the Future

program, which is designed to find

Anglogold Ashanti and Mine Site InfrastructureWe take a look at mine site infrastructure with AngloGold Ashanti Limited and how the company is working to build better infrastructure beyond just the life of its mining operations

MAChinery

1 71 7

Anglogold Ashanti and Mine Site InfrastructureWe take a look at mine site infrastructure with AngloGold Ashanti Limited and how the company is working to build better infrastructure beyond just the life of its mining operations

W r i t t e n b y: R o b e Rt S pe n c e

1 8 n o v e m b e r 2 0 1 4

Mining CoMPAnies live and die by mine site infrastructure. its

the backbone to any successful

operation and has the ability to

either enhance productivity or

harm it. it also has the ability to

impact surrounding communities.

to achieve maximum mining

production, companies must

effectively design and implement

infrastructure that meets the needs

for (underground or surface) mines

including processing plants, miner

facilities, and rail and port structures.

one of the best in the business

in achieving maximum results is

AngloGold Ashanti Limited. the

south-African mining company has

mastered the art of incorporating

its big picture into designs,

executing them to near perfection

and getting the most out of its

mines from beginning to end.

The basics of mine site infrastructurethe success of mining infrastructure

is hidden in three facets: planning,

designing and execution.

infrastructure needs are classified

into two categories: infrastructure

required to develop and operate the

mine and infrastructure needed to

evacuate the mineral bearing ore to the

processing site or port. infrastructure

required at most mining sites includes:

Bulk materials handling Fuel facilities Tunnel engineering Control Systems including

automation and remote control

of mining equipment

Rail and port infrastructure Water infrastructure planning

and resource management

Above ground infrastructure of the Geita open pit

MAChinery

A n G L o G o L d A s H A n t i & m i n e s i t e i n F r A s t r U c t U r e

1 9

Dams water supply and tailings Pumping and piping for

liquids and slurries

End to end power generation, transmission, distribution

and management

Airstrip planning, approvals and design

Environmental solutions Community development, social

planning and facilitation

Site and off-site infrastructure roads, bridges, buildings,

camps, utilities

Borefields and dewatering

AngloGold implements an array of

options when it comes to mine site

infrastructure. the company has been

known to utilize its own contractors

as well as outsource duties to highly

recognized and skilled contractors.

AngloGold also utilizes sophisticated

software to explore, design and

develop mine site infrastructure, plants

and mills, and mine equipment.

Above ground infrastructure of the Geita open pit Underground at Great Noligwa

2 0 n o v e m b e r 2 0 1 4

The big pictureHeadquartered in Johannesburg,

south Africa, AngloGold Ashanti

has over 20 gold mining operations

in 10 countries. the majority of

the companys mining operations

consist in developing countries where

existing infrastructure is little to none.

A lack of access to power, clean

water and transport infrastructure

is a significant barrier to economic

development for these countries.

When engineering operations,

AngloGold incorporates the big

picture for mine site infrastructure.

the company not only integrates

infrastructure for the mining and

processing aspect of operations

but also for the mine reclamation.

AngloGold works to implement

infrastructure that will benefit

communities in which it operations

Above ground infrastructure

of the Geita open pit

MAChinery


2 1

Establishing local infrastructure to help support the future of local communities

the company not only integrates infrastructure for the mining and processing aspect of operations but also for the mine reclamation

long after its mines have closed.

For example, AngloGold Ashanti

Limited has obtained partnerships

with the United nations peacekeeping

mission in the democratic republic

of congo to upgrade the 53 miles

of road between the district capital,

Bunia, and the companys mine site

in mongbwalu. in the past, the road

took three days to travel. now it only

takes three hours, giving the Un

and local communities the ability

to move freely around the area.

Because AngloGold understand

mining operations will eventually

cease, the company is dedicated

to integrating mine site closure in

the designing and implementation

of its mine site infrastructure.

through improved integration of

closure considerations throughout

disciplines and with daily operations,

we canstriveforeffective and

efficient closure in accordance with

our company values, and deliver on

our commitment to stakeholders and

communities to establish a sustainable

future, the companys website states.

in addition, social infrastructure

plays a significant importance in

mine site planning and design.

According to AngloGold Ashanti,

2 2 n o v e m b e r 2 0 1 4

SAG medical centre

MAChinery

According to Accenture research, metals and mining expenditures for capital projects is expected to reach $1.5 trillion from 2011 to 2025

Fetching water from the communial tap

2 3


can be huge, said Jose J. suarez,

managing director for Accentures

north American mining industry group

and the research lead. Keeping

on budget and within planned

timelines across a portfolio of multi-

year projects can save millions for a

company in todays environment

strong project management can be an

important competitive advantage.

to maintain its high standardization

of mine site infrastructure, AngloGold

has implemented various engineering

programs and schooling through

its operations in Ghana, Guinea,

mali and other countries.

earlier this year, the company

held a graduation ceremony for

73 apprentices at its engineering

training center at its obusai mine.

the students were trained in various

application such as electrical,

mechanical, instrumental, mobile

equipment, welding and fabrication.

Kwaku Awuku, senior manager,

Human resources of the obuasi

mine said: training and development

is a priority for AGA to ensure that

we have the right people with the

right skills and knowledge for the

right roles to execute work safely,

responsibly and effectively.

there is no gainsaying the importance

of social infrastructure.

irrespective of whether the mines

are large or small, equipment in use is

high-tech or not, social infrastructure

in the mode of housing facilities for

the workers, schools in the nearby

locality for the children of the workers

and other types of social infrastructure

which will play a crucial role in

meaningfully contributing to the socio-

economic lifestyle of the working

section in the mines is very important.

The future According to Accenture research,

metals and mining expenditures for

capital projects is expected to reach

$1.5 trillion from 2011 to 2025.

the potential savings and returns

through effective management and

delivery of a capital project investment

AngloGold Ashanti working together as one community

Exploration Technology by De Beers

teChnology

2 5

W r i t t e n b y : R o b e Rt S pe n c e

Discover how mining giant De Beers is leveraging its own DebTech division to utilize and excel in its own exploration technology

2 6 n o v e m b e r 2 0 1 4

de Beers hAs built a prestigious reputation over the years, derived

primarily from one attribute: quality

diamonds. the company, which

has been the leader in diamonds for

more than 100 years, has notoriously

remained silent about its exploration

tacticsuntil now.

de Beers recently opened up about

its exploration strategies and how

the companys technology division

debtech is giving it a competitive

advantage for diamond exploration,

mining and ore treatment.

Added valuethe role of debtech is to provide cost

effective and value adding technology

that will ensure a sustainable

competitive advantage to the value of

de Beers.

the companys innovative products

are developed by marrying de Beers

diamond industry knowledge along

with its technical expertise to provide

world-class services. de Beers r&d

function helps manage the entire

debtech innovation process and aims

to identify, create and demonstrate the

feasibility of new technologies in order

to further the companys exploration

and ore Processing divisions.

According to the debtech website,

the r&d function is to make use of key

technologies suppliers in the relevant

fields of interest, while implementation

is completed as a collaborative

process between debtech and

relevant de Beers business partners.

the Product r&d function

manages the entire product

acquisition process from requirement

analysis, concept generation

to final design and operates

alongside the Product supply

and support function. together,

these two functions collaborate

with internationally recognised

technology component suppliers and

combine their unique understanding

of operational requirements,

within the diamond industry, to

deliver the products appropriate

to meet those unique needs.

to ensure quality and innovation is

maintained among all of its products,

the division employs a large number

of specialized technicians. core

functions are performed by this team

throughout the product lifecycle,

including the provisions of specialized

skills during the manufacturing,

assembling and testing of products.

scheduled inspections are

teChnology

2 7

e x P L o r At i o n t e c H n o L o G Y B Y d e B e e r s

performed to ensure a high standard

of efficiency as well as serving

as a standardize plant audit. this

provides management with an

unbiased view of the performance

of the diamond technology.

Products and servicesUntil 2008, the divisions products and

services were only made available to

the de Beers family of companies

around the world. According to

debtech marketing manager nico van

Zyl, the availability of its products on

the open market coincided with the

fall in world financial markets, with

many operations significantly reducing

output during 2009.

even though this has been the

case, debtech has managed to

achieve all its financial targets for

the past two years and was able to

sell the first sorting units to outside

companies. electronic sorting

remains our main focus and is

supplemented by magnetic separation

and security technologies.

the main focus of debtech has

always been related to the diamond

industry. Key product areas are x-ray

BWX 1112 High Throughput Large Diamond X-ray Sorter

sorters and laser raman diamond

sorters. the division can also supply

equipment that can analyze and

define diamond production.

We can provide sorting solutions

that can deliver a 99% concentrate

by weight in an automated mode,

and this can be done for the entire

size range, said Van Zyl.

From a large range of products,

only a number have been selected

for display. these will include

diamond x-ray sorting technology,

the scannex low dose x-ray body

scanner, the magnetic roll separator,

dense-medium controllers and

the metallurgical service.

2 8 n o v e m b e r 2 0 1 4

teChnology

thE bEnEfits of thE Ultra violEt diaMond scavEnging sortErOptimum diamond scavenging

with minimum gangue material at high feedrates

Spillage free, low yieldsOperator and maintenance friendlyComplete operator safety Low operating costs Low CapexComplimentary technology to X-ray sortingCommercially available 2015

Tracers are an essential component in setting up X-ray based diamond sorting machines

The companys portfolio of products includes: cdx113c and cdx116c single or

dual Wavelength x-ray sorters

cdx118cd and cWx118cd dual Wavelength x-ray sorters

dense medium controller (dmc) magroll-single stage osprey Ultra Violet diamond

scavenging sorter

BWx 1112 High throughput Large diamond x-ray sorter

tracers & simulants metallurgical services

The future of diamond explorationAccording to Bruce cleaver, executive

head at de Beers group, new

technological advances is vital for the

future of diamond exploration to be

successful.

technology advancement is

critically important to support the

whole value chain, including in

sustaining the supply to meet growing

demand. As supply from existing

mines decreases, mining will become

increasingly complex and remote,

and increasingly costly. investment

in operational innovations will be

required to drive productivity

the debtech division is

continuously working to develop the

latest technological advances for

diamond exploration. during the last

two years, the division has placed

emphasis on filling a gap in the

suite of diamond sorters, launching

an array of new products to fulfill

this need including the rhovol

densimetric Profiler, the BWx1112

and BWx118 large diamond

sorters, and a new diamond

sorter utilizing xrt technology.

Last month the company

launched its airborne magnetic

sQUid system (super conducting

Quantum interference device) for

faster execution of work programs

and reducing mining exploration

costs. the new technology has

significant benefits over existing

exploration methods, especially as

it is the first device of its kind that

can operate on a fixed-wing plane.

With diamond reserves slowly

being depleted from existing mines,

the industry is in good hands with

debtech as the de Beers division

is continuing to search for new

technological advancements to

assist in diamond exploration.

2 9

e x P L o r At i o n t e c H n o L o G Y B Y d e B e e r s

How to Invest in Mining StockS

Beginners guide to investing in mining stocks including how to get started, the risks and rewards, and tips for analyzing stocks

through market data and metal pricesWr i t t e n b y: R o b e Rt S pe n c e

f inAnCe

How to Invest in Mining StockS

3 1

3 2 n o v e m b e r 2 0 1 4

the Mining industry is chalked full of opportunities. the

billion dollar sector, which consists

of rising and declining commodity

prices in everything from gold

and silver to iron ore and potash,

is a highly volatile market.

Fortunately for those who invest in

mining stocks, it creates prosperous

buying opportunities for those who

understand what volatility offers.

We break down the best ways

to get started in mining stocks

and how beginners can analyze

stocks through market data and

metal prices to better understand

how they can earn a return.

How to get startedinvesting in the mining sector is similar

to playing fantasy football. You draft

the best players available for their

price and you bet every weekend

theyre going to do well. during the

season its up to you whether or

not you to drop or trade them.

investing in mining stocks

consists of two groups: majors and

juniors. companies like rio tinto

and BHP Billiton, corporations

with decades of history, world-

spanning operations and a slow

investing in the mining sector is similar to playing fantasy football. You draft the best players available for their price and you bet every weekend theyre going to do well.

f inAnCe

3 3

and steady cash flow, represent

majors. Juniors are essentially the

exact opposite; little capital and

little to none business history.

According to investopedia.com,

the first step to investing in mining

stocks is valuing your options.

Although majors and juniors are

very different, they are united by

the one fact that makes all mining

stocks unique: their business model

is based on using up all the assets

they have in the ground. the catch is

that mining companies dont know

exactly how much is in a given deposit

until it is all dug up. therefore, the

value of mining stock roughly follows

the market value of its reserves,

with a premium paid to companies

with a long history of successfully

bringing those reserves to market.

to value a mining stock, investors

Quantify the volume of recoverable assests in any mining operation will provide a reliable forecast for future returns on your investment

3 4 n o v e m b e r 2 0 1 4

should consider a companys

reserves. these are typically evaluated

through feasibility studies, which

verify the worth of a mining deposit.

A feasibility study generally takes

the estimated size and grade of the

deposit and balances it against the

costs and difficulties of extracting

it all. if the deposit will earn more

money on the market than it costs

to dig up, then it is feasible.

the next question to consider is

what kind of person are you? Are you

willing to take a risk and throw money

at a chance to make a lot of money

or would you prefer a more certain

option? these questions will help you

answer what types of investments

and stocks you should invest in.

RisksLike most things in life, investing in

mining stocks includes a certain

amount of risk. if a mining major has

a lot of deposits being staked and

mined, the contents of any single

deposit arent likely to alter the stock

value too much. For a junior, however,

if a mining major has a lot of deposits being staked and mined, the contents of any single deposit arent likely to alter the stock value too much. For a junior, however, the company lives or dies on the results of its feasibility studies

f inAnCe

3 5

H o W t o i n V e s t i n m i n i n G s t o c K s

looking for lower-risk stocks with the

potential for dividends and some

decent appreciation, then major

mining stocks are right for you.

investing in a broad market,

especially one that gives some

international exposure is a smart

move for first time investors. A

portfolio consisting of plenty of

diversification provides the steadier

performance of large companies

along with a bit of international

companies and small caps.

According to Jim mueller, a self-

taught investor and financial writer for

nasdaq, before you start investing it

is best to spend some time thinking

about what you want to accomplish

and how to do that while staying

within your risk tolerance levels.

doing this before committing those

first dollars will go a long way toward

protecting you from the emotional

rollercoaster of investing first one way,

then another, never really knowing

why you are changing your mind.

careful thought before and during

your investing career will do more to

help your results than trying to chase

the latest hot stock. After all, its

your money - you should know what

you are doing with it and why.

the company lives or dies on the

results of its feasibility studies.

if the feasibility is positive, then

the value of the company may

shoot up. often times a junior miner

wont mine a feasible deposit to

the end, rather selling the deposit

to a larger miner and move on to its

next big thing. in this sense, junior

mining stocks form an exploration

pipeline that feeds the major miners

in the end. With this being said,

the big risks and rewards typically

reside at the junior mining level.

to keep risks down, its best not

to be exposed to only one type of

asset. instead of putting all your

money in one small company, it is

better to be diversified across several

different sectors, commodities and

companies. Being invested more

broadly lessens the risk of losing

all your money at any one time.

TipsAs a beginner investor you should

first decide whether you want to

invest in junior mining stocks or major

mining stocks. Juniors have the

potential to offer a lot of appreciation

in the right market, which makes

them ideal for risky players. if youre

WRitten by: RobeRt Spence

Mining Innovations of the FutureWe rank the top mining innovations set to turn the mining industry upside down

toP 10

3 73 7

More mining companies are investing in simulation technology

3 8 n o v e m b e r 2 0 1 4

10 Automated tunnel Borers the concept of automated tunnel borers isnt new. since 2012, rio tinto has been working with the centre of excellence in mining innovation (cemi) to build shafts and tunnels at a faster rate as part of rios mine of the Future initiative. together, the two have designed a new tunnel boring system that is currently being implemented at rios northparkes mine in Australia.

the future of autonomous boring is anticipated to be seen regularly in coming years.

09 ore Processingin addition to eco-friendlier ways, the mining industry is pushing for newer and more improved methods for ore processing. one new process, which has the potential to be maximized across the mining sector, is

As the worlds largest automated tunnel boring machine, Bertha is 326 feet long and 57.5 feet wide, weighing over 7,000 tons

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3 9

m i n i n G i n n o V At i o n s o F t H e F U t U r e

copper nuWave. designed and implemented by rio tinto, the technology maximizes mineral recovery while reducing waste. it also has the ability to cut water and energy consumption. the company is currently testing the technology at its Kennecott Utah copper mine in the U.s.

08 simulation technology the use of mining equipment simulator systems is on the rise in recent months as companies utilize the innovative technology to train operators. the use of simulation technology has a wealth of advantages including aiding in recruitment processes, improvements in productivity and reaction times in emergency situations.

Within the next few years, the use of mining simulation technology could very well be utilized across the mining spectrum. (see picture on opening spread).

07 revitalized excavatorsone of the more anticipated innovations for the mining industry is the revitalization of excavators. companies like Volvo and doosan are helping to make the excavator of the future bigger, smarter, safer and more powerful. together, the two have designed some of the most futuristic concepts that could very well come to fruition in the next few years.

06 Automated rail systemrio tinto is already working on commissioning the worlds first

4 0 n o v e m b e r 2 0 1 4

automated, long distance, heavy haul rail network for the mining industry, but it wont be the last. the benefits of an automated rail system include enhanced safety and efficiency as mining companies can rely on the innovative technology to safely and securely transport minerals to their required destinations.

05 X-ray diffraction equipment Already being utilized by a small group of mining companies, including diamond miner ALrosA, x-ray diffraction equipment is on path to become a global necessity. the equipment, which is currently used in diamond recovery, is an important method for the identification of phases in raw materials, for process control during ore beneficiation, and for the quality control of final mineral product.

04 3d Mapping3d mapping is another technological advancement that is expected to make a big splash in the mining industry within the next few years. companies like rio tinto, which has already implemented the software at its West Angelas mine in Western Australia, are using the innovative

toP 10


4 1

technology for their advantage to improving the way they dig up commodities as well as cut cost.

03 Alternative energyUtilizing alternative energy is some-thing most industries are working to implement on a larger scale. the mining sector is no different.

Harmony Gold has been on the forefront of using alternative energy, most notably solar. the company is working to use mine-impact land and tailings to pilot biocrop procreating in the form of giant king grass and sugar beets to generate natural gas as a fossil fuel substitute. the initiative could lead to more companies utilizing innovative sources for alternative energy.

Rio Tinto has already

implemented 3D mapping software

at its West Angelas mine

4 2 n o v e m b e r 2 0 1 4

02 safety equipment safety equipment in the mining industry has progress considerably in the last decade. As the sector moves towards automation, companies are implementing more advanced technology to secure employees remain as safe as possible.

At this years nsW minerals council Health and safety innovation award ceremony, the top

honor for innovation went to centennial coal for their Fit-for-Purpose Underground Boot. the mining boot is designed to provide ankle support and sole stability, comfort and full prevention of water ingress.

Another safety innovation that has the potential to sweep the industry is the smartcap. the technology, which works to combat fatigue, utilizes sensors on the wearers forehead to monitor signs of fatigue and assess their level of alertness.

The mining boot is designed to provide ankle support and sole stability

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4 3


01 Autonomous Mine site infrastructurethe number one mining innovation set to turn the industry upside down is autonomous mine site infrastructure.

rio tinto, which is the first company to envision the idea, has already launched initiatives

towards its mine of the Future. the three main components of mining include drilling, haulage trucks and long distance railway systems. rio tinto is working to automate all three in unison with operations. the system, which is set to be controlled by one main operational facility, will allow miners, ports and rail systems to be operated from a single location.

Rio Tinto has already launched initiatives towards its Mine of the Future

European Association of Mining Industries, Metal Ores & Industrial MineralsSelf-promotion helps Euromines capitalise on continental promiseWritten by: Matthew staff Produced by: James Pepper

4 5

European Association of Mining Industries, Metal Ores & Industrial MineralsSelf-promotion helps Euromines capitalise on continental promiseWritten by: Matthew staff Produced by: James Pepper

4 6 n o v e m b e r 2 0 1 4

EurOMInEs

Under the Presidency of mark rachovides, the european Association of mining industries, metal ores & industrial minerals (euromines) is striving to lay to bed assertions of the past to encourage its members about the potential of the future.

mining in europe, and indeed across the world, has often come in for criticism but through a strong focus on external industry collaboration and internal optimism, the association is well on its way to changing industry standards and consequently, public perceptions.

existing as a not-for-profit organisation in its current form since 1996, euromines represents more than 40 different metals and minerals, more than 100 companies and about 350,000 jobs across its member states, and

Conference field trip, Aitik mine, Sweden

We should be doing exploration and mining and processing and supplying to the people that need those raw materials Mark Rachovides, President

e U r o P e

www.euromines .org 4 7

EurOMInEs

rachovides is positive that europe can become a partner of choice within the mining industry.

the important thing through what we do is to point out where mining fits in the value chain and to get away from those old stereotypes, he said. We need a balanced, responsible approach to keep the value chains in the eU because it wont contribute to our renaissance or our future if part of the value chain is being sourced outside when we have the ability to do it here.

We should be doing exploration and mining and processing and supplying to the people that need those raw materials. We can do the whole thing and that should make us the partner of choice because we should be showing ourselves as the leaders in terms of sustainable use of our resources.

Key Personnel Mark rachovidesPresident

Mark Rachovides is a consultant to Eldorado Gold Corporation and until recently was Chairman of Deva Gold, Eldorados subsidiary in Romania. He was formerly an Executive Director of European Goldfields which was acquired by Eldorado in early 2012. Rachovides is a well-known specialist in South East Europe and Chairman of the Euromines Gold Group.

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EurOMInEs

thats what we want to achieve; to set the standard thats higher than everyone else.

Present virtuesmanufacturing in europe currently accounts for 75 percent of the eUs exports and many of these manufactured products depend on raw materials. it is figures like these which the Association aims to make clearer to the business world moving forward.

Europe is surprisingly underexplored and underinvested for exploration Mark Rachovides

Vykleky quarry in the Czech Republic after rehabilitation

m i n i n G


EurOMInEs

Europe is rich in

natural resources

europe is surprisingly underexplored and underinvested for exploration, but in terms of technology, were very advanced, so we are increasingly developing the ability to mine more complex deposits and have more automated machinery, rachovides said. We ultimately look to a future of state-of-the-art modern mining in europe.

the Association is therefore striving, through affiliations with organisations and

Xxxxxxxxxx

Wealth Creation by Mineral Extraction in Europe, organised by Euromines

on 3rd December 2013 in Brussels

Vykleky quarry in the Czech Republic before rehabilitation

e U r o P e


EurOMInEs

conferences at high profile events, to start getting that positive industry message across.

this can only come with a collaborative and integrated drive among its members too though, and rachovides is adamant that all are responsible in that push and none are burying their heads in the sand.

most of our members need and do talk more about our good stewardship and the added value that we bring across the spectrum of our activities, he added. A lot of the criticisms are the sins of our past and we need to talk more about the virtues of our present and our future.

our performance today in europe speaks for itself. We have excellent health and safety records, very low numbers of fatalities and rank very highly in terms of productivity. We invent a lot of technologies used worldwide because we are constructive, responsible, intelligent people.

globally competitivestructured through a series of committees, comprising a decision-making steering committee, a think-tank policy committee, and some more specialised sector committees environment, health and safety, emission training standards, communication, gold mining and magnesia production euromines is set up to be the recognised representative for mining in europe; a voice and point of reference in relation to the european institutions, and a sounding board for members regarding

Key Personnel Corina hebestreitDirector

Dr. Hebestreit is the Director of Euromines. She has 20 years of experience in the mining sector, from primary raw materials to marketing of end products. Over the years she has built an extensive network in the industry and academia.

Johannes dreilsmaDeputy Director of Euromines

5 2 n o v e m b e r 2 0 1 4

EurOMInEs

policy matters and technical issues.the main goal as a consequence of these

ongoing discussions, forums, collaborations with global organisations and monitoring of international trends, is to ensure that the eU maintains and builds upon its position as a responsible and balanced source of minerals.

complementing the effective stewardship, innovation and people that the eU mining sector can boast is also a wealth of deposit opportunities where the industry can expand its footprint, and this is what euromines will be smoothing the pathway towards

EU mining sector

can boast a wealth of

deposit opportunities

Wealth Creation by Mineral Extraction in Europe

e U r o P e


EurOMInEs

over the coming months and years. there is certainly a lot of money in europe and

we also have a tremendous amount of intellectual capital and industrial capital in terms of making and inventing things, rachovides concluded.

if you look at our competitive positioning, we are heavily regulated, have a large population, not a lot of land mass, but still manage to compete in an international market on a company-by-company basis successfully.

Weve dealt with the questions of the past and can now be innovative and adopt competitive solutions to problems of the future.

Association Information

A s s O C I AT I O n

T Y P E

Mining

L O C AT I O n

Brussels

f O u n d E d

1996

nO. Of MEMbErs

N/A

5 5

Written by: Matthew staff Produced by: James Pepper

Compass Minerals

Advanced Mining Technologies and Expanding Deepstore Division Maintain Compass Minerals

UKs Continuous Improvement Ethos

COMPAss MInErALs uK LTd

5 6 n o v e m b e r 2 0 1 4

Compass minerals UK Ltds levels of annual success may be dependent on factors out of its control, but has for the past two decades ensured that its flexible approach, high-quality mining techniques and commitment to continuous improvement keeps the company prepared for any eventuality.

As one of the UKs primary miners, storers and distributors of rock salt to de-ice the countrys roads each winter, the unpredictable nature of the industry means that the ability to remain entrepreneurial and innovative is imperative, and this is something that compass minerals UK has been able to achieve amid the core backdrop of key customer collaboration, employee

Aerial photo of the Compass Minerals main site

The company known as Salt Union Ltd until recently is ensuring the ongoing development of a business which can be traced back to the 1840s through its commitment to flexibility, safety and value-added operations

e U r o P eCOMPAss MInErALs uK LTd

www.compassminera ls .com 5 7

improvement and service diversification.in such a niche market, building a reputation

is paramount, but compass minerals UK, formerly known as salt Union, has certainly been around long enough to boast such acclaim.

director of compass minerals UKs salt Business, ian Gordon explained: We have just recently changed our name from salt Union Limited to compass minerals UK Ltd. Unifying ourselves as one compass minerals allows us to build on our long history of which salt Union has helped build.

We have been owned by compass minerals since 2001 and compass minerals floated on the new York stock exchange in 2003. We are able to leverage the expertise that they have in the Us and canada in areas of salt and agricultural specialty fertiliser products, while carrying on the same good work weve always done as salt Union under various ownerships.

in the UK, the company now consists of the one salt mine in Winsford, cheshire where it has the capability to mine 1.5 million tonnes a year to a customer base comprising local authorities as well as the highways agency to ensure the safety of UK roads.

sustainable investmentsWith such a long and reputable history in the UK, it would be easy for a company to become embroiled in old-fashioned methods or complacency in its operations, but compass

Ian Gordon, Salt

Business Director

Gordon Dunn,

Managing Director

More Power Means More ProductivityTo meet the challenges of hard-rock, industrial mineral mining, weve engineered our most powerful and most productive continuous miner yet.

Outfitted with a solid head or RipperveyorTM drum, the Joy HM series continuous miner provides smooth, fast cutting action through the toughest of bedded materials. When equipped with our FACEBOSS control platform, mine operations can push productivity even further with optimised cutting rates during cycles and automated sequences that keep the material flowing even during shift changes.

To get more power and more productivity, go with the proven solution for industrial mineral mines around the world the Joy continuous miner HM series.

JoyGlobal.com

TECHNOLOGY

Joy Global, P&H, Joy, Ripperveyor and FACEBOSS are trademarks of Joy Global Inc. or one of its affiliates. 2014 Joy Global Inc. All rights reserved.

JOY GLOBAL Mining Global Oct HM Series.indd 1 10/6/14 9:20 AM

COMPAss MInErALs uK LTd e U r o P e


minerals is certainly not a brand to rest on its laurels and has subsequently invested heavily into the ongoing development of its equipment, mining techniques and overall sustainability.

We currently mine almost exclusively with Joy Globals heavy duty continuous miners, moving on from the drill and blast method that was used in the past, said managing director, Gordon dunn. As mining has developed it has been an ideal application in the salt mine to use continuous miners and weve recently purchased our third which were building now.

Weve also spent the past two years developing into new reserves, 100 metres below where weve historically worked, in a lower bed of salt, and we will be in those reserves for the next 30 years.

Continuous miner

excavator machine

More Power Means More ProductivityTo meet the challenges of hard-rock, industrial mineral mining, weve engineered our most powerful and most productive continuous miner yet.

Outfitted with a solid head or RipperveyorTM drum, the Joy HM series continuous miner provides smooth, fast cutting action through the toughest of bedded materials. When equipped with our FACEBOSS control platform, mine operations can push productivity even further with optimised cutting rates during cycles and automated sequences that keep the material flowing even during shift changes.

To get more power and more productivity, go with the proven solution for industrial mineral mines around the world the Joy continuous miner HM series.

JoyGlobal.com

TECHNOLOGY

Joy Global, P&H, Joy, Ripperveyor and FACEBOSS are trademarks of Joy Global Inc. or one of its affiliates. 2014 Joy Global Inc. All rights reserved.

JOY GLOBAL Mining Global Oct HM Series.indd 1 10/6/14 9:20 AM

Joy Global Inc. is a worldwide leader in high-productivity mining solutions. Through its market-leading Surface and Underground Business Segments, Joy Global manufactures and markets original equipment and aftermarket parts and services for the mining industries. Joy Globals products and related services are used extensively for the mining of coal, copper, iron ore, oil sands, gold and other mineral resources.

Website: www.joyglobal.com

supplier profileJoy Global

6 0 n o v e m b e r 2 0 1 4


Operations in Winsford Mine

setting up now for long-term sustainability is a hallmark of compass minerals success in the UK, and the benefits of the continuous miners has not gone unnoticed, with the parent company replicating the investments and operations in canada to strive for the same results.

dunn continued: over a five-year period, compass minerals has invested more in the

e U r o P e



UK than it had done in the previous 15 years.Weve put in the new continuous miner

and a new hoisting system, were installing the new heavy duty drift conveyor that is a mile long and can pull 1,800 tonnes per hour for a mile, and weve also invested heavily into crushing and screening.

compass minerals is investing heavily into the sustainability of the overall facility here in the UK.

deepstoresafeguarding the future of the company even further, one of compass minerals key areas of growth in recent years has been the initiation and development of its vast storage space with its deepstore business.

established in 1998 at its Winsford site before acquiring two further locations in London in 2007, the concept behind deepstore is to fill the void left behind after mining has occurred to store archives, documents and possessions 150 metres underground in what has been a highly complex and successful initiative.

Gordon explained: We effectively create rooms in the space left behind when the salt has been taken out of the mine, and we store documents for some very well-known customers.

these customers include financial institutions, police departments, universities and hospitals making the operation not only highly significant but also massive in its stature; the area equivalent to that of 700 football pitches.

The mine has a long

and successful history

Compass Minerals is investing heavily into the sustainability of the overall facility here in the UK Gordon Dunn, Managing Director, Compass Minerals UK Ltd

M Woodhouse Transport Ltd.

M Woodhouse Transport is family owned and operates as a bulk haulage business, which was established in the 1950s. The company went Limited in 1967 and moved from its riverside location in the heart of Lancaster to its purpose built 4 acre site adjacent to the M6 at Junction34 in 1982.

We are pleased to have been associated with compass minerals as a prime haulier since the year 2000. You see us everywhere

E: [email protected] [email protected] T: 0152464115 F: 0152436221

Safecote Limited is an innovative winter services solutions company offering tailored products to help local authorities improve the effectiveness of their winter snow and ice management.

Proud to be working with Compass Minerals - together we are helping make winter driving safer.

www.safecote.com | [email protected] | Tel: +44 1606 77717



the idea behind deepstore was to create a storage facility naturally free from the dangers of ultraviolet light, vermin or flooding, and as the mining operation expands, so too will the areas of space left behind to develop the business further.

its a very green re-use of mined areas of the mine, so essentially a great way of getting further value out of it, dunn said. We currently have around two million boxes stored underground, with customers such as the national Archives, capitalising on the ideal temperature and humidity, which is an ideal environment for long term archives and especially paper records.

Having been awarded iso9001 and iso14001 certifications already as a result of its four-pronged security, technology, quality and sustainability model, compass minerals is keen to push forward deepstore even further in the future as a much more consistent and stable source of value to support its salt operations.

dunn added: deepstore is part of our plan to expand the alternative uses of the mine, which

Inside Deepstore

We currently have around two million boxes stored underground, with customers such as The National Archives, capitalising on the ideal temperature and humidity, which is an ideal environment for long term archives and especially paper records

Gordon Dunn

Storing the paper

records inside

Tel: 01768 867008

Email: [email protected] Bulk & Haulage Ltd has over 30 years experience in the bulk haulage tipping industry collecting and delivering throughout the UK.

Bulmans Bulk & Haulage

Haweswater Road, Penrith Industrial Estate, Penrith, Cumbria, CA11 9EU

P.N. Daly Ltd. is a supplier of gas, water, electricity and telecommunication network design, construction, connection, repair, maintenance and support services.

We are a dynamic service driven organisation whose overarching aim is to ensure that we prosper by virtue of long term client relationships with our business partners based upon trust, quality and on time delivery.

www.pndaly.co.uk



isnt just records management, to grow and support the mine so it is less weather effected.

flexible business modeldeepstore is just one example of the levels of flexibility that compass minerals has historically had to engrain within the fabric of the organisation, stemming from the simple fact that weather is uncontrollable and unpredictable.

severe winters in the UK can lead to excessive need for rock salt on the roads, sometimes even beyond whats available and stored within each local facility. conversely, mild winters can lead to too much salt being stored over that year.

our average production rate over 10 years is

Mining operations are prepared to cater for extreme requirements

DeepStore is part of our plan to expand the alternative uses of the mine, which isnt just records management, to grow and support the mine so it is less weather effected

Gordon Dunn

6 6 n o v e m b e r 2 0 1 4


around 1 million tonnes, Gordon said. However, over those 10 years weve never had an average year. its either at one extreme or the other which requires a very flexible business model.

We therefore run a steady state model where we produce a fixed amount each month, and let the stocks on the surface float depending on the demand to ensure we can supply our customers.

this strategy is not only dependent on the weather at the end of the yearly cycle, but is also dependent on close collaboration with the companys key customers and them setting their own demand levels correctly.

Gordon continued: We encourage customers to hold a certain level of stock. We provide guidelines on holding a certain

Waste mine services

Loading waste onto

trucks



Waste removal inside the mine

number of days worth in the event of a winter or snow crisis kicking in.

We help to make sure they are adequately stocked and ready for the next winter period from december into January and February, because severe weather limits how much we can dispatch from the mine each day and can cause logistical challenges on restocking customers to their needs on a timely basis.

thats why its so important that we have the right equipment in place and the flexibility of man power contracts too for when these events occur.

We encourage customers to hold a certain level of stock. We provide guidelines on holding a certain number of days Gordon Dunn

T: 01709 527400 E: [email protected]

www.philforddesign.co.uk T: 01709 529555

Philford Design Engineers Ltd are experts in the design, manufacture and installation of bespoke bulk-material handling equipment serving industries such as power, mining and quarrying.

SIMSAFETY, INDUSTRIAL & MAINTENANCET: 01708 524524 E: [email protected]

Personal Protection Equipment Work-wear Embroidered and printed logos Tools Fasteners Industrial consumables

www.safetyindustrial.co.uk

Committed to offer a complete project service

www.roltechengineering.comT: 01782 566523 F: 01782566724

As a quality supplier, we have the expertise to take your concept and bring it to reality. We are one of the UKs leading and most experienced materials handling specialists, offering design, manufacture, mechanical installation, electrical control systems and electrical installations all carried out by our fully trained staff, with site staff supervised by our project management team.

Our experience includes quarry plant, bioenergy plants, recycling plants and water treatment plants built for many PLC companies over the past years.



Continuous improvementcomplementing compass minerals UKs flexible business model, diverse service range and proactive capital investment strategy, is arguably its most important internal facet in the form of its own continuous improvement ethos and forward-thinking approach.

Having invested a lot into continuous improvement programmes across the company in the search for incremental development, there is special focus turned to the bottom line and the progression of the people within the business.

We invest very heavily in training and monitor, as a KPi (Key Performance indicator), the amount of training per employee and the value to make sure were putting the right amount in, dunn said. in regards to the new equipment, all the

Continuous mining

7 0 n o v e m b e r 2 0 1 4

COMPAss MInErALs

Storage areas

in the mine

e U r o P e


COMPAss MInErALs COMPAss MInErALs uK LTd

craftsmen that would be using the equipment will have been sent to the manufacturer in the Us to have hands-on experience with them, ensuring better maintenance performance for the company in the future.

We make sure the workforce feels part of the incremental improvements in efficiency and have a say in all of it, and theyre happy to do so because they can see the improvements being made in their methods of work which are now safer, cleaner and less labour intensive.

Looking forward and compass minerals UK plans to have moved completely into the new mining area over the next five years, as well as enjoying a new power supply to the mine to enforce even more flexibility and safety in matching demand.

dunn concluded: Were always focused on improving and we aim to run more equipment simultaneously in the future to be more flexible dependent on the weather.

Part of the value we provide is this guaranteed level of service. our customers know we will be here for the next 30 years and that we will be able to provide for them for at least that length of time.

Company Information

I n d u s T rY

Mining

h E A d q u A rT E r s

Cheshire, UK

f O u n d E d

1992

E M P L O Y E E s

200

r E v E n u E

50m (2013)

P r O d u C T s /

s E r v I C E s

Salt mining

Were always focused on improving and we aim to run more equipment simultaneously in the future to be more flexible Gordon Dunn

Ramps up base metals production Written by: tom Wadlow Produced by: James Pepper

7 4 n o v e m b e r 2 0 1 4

LundIn MInIng

L undin mining is bolstering its presence across europe and beyond with a number of promising expansions, along with exploration and mine construction projects which will see the company head towards its 500,000-ton production target in the next two to three years.

such ambition is amply demonstrated by the drive to more than double zinc output at Lundins neves-corvo mine in Portugal, while a $715 million investment into a new nickel-copper mine in michigan, UsA, is now operational.

the American acquisition from rio tinto extends the companys reach beyond its european heartland, where mines in Portugal, sweden and spain are also performing well and have life ahead of them.

Away from wholly-owned operations, Lundin mining also holds a 24 percent stake in joint ventures with Freeport in a high quality copper-cobalt operation in the democratic republic of congo (drc) and in a cobalt refinery in Finland, granting vertical integration into the world of cobalt mining.

While current performance and growth has been steady, ceo Paul conibear is aware that the business needs to keep exploring for the next high-grade copper discoveries and bring more assets on board.

our metal production is around 300,000 tons this year and i would like to get us up to 500,000 tons in the next two to three years which means

The mid-tier producing copper, zinc and nickel specialist has just commenced production from its $715 million investment at the Eagle Mine in Michigan and is reviewing expanding zinc production at its long-life Neves-Corvo mine in Portugal

Map showing

worldwide operations

www. lund inmin ing .com 7 5

LundIn MInIng m i n i n G

Our metal production is around 300,000 tons this year and I would like to get us up to 500,000

tons in the next two to three years Paul Conibear, CEO

7 6 n o v e m b e r 2 0 1 4

LundIn MInIng

an additional one or two more mines, he said. this will lift Lundin mining to the sort of scale we want to be at, operating five or six strong mines.

neves-Corvo Approximately 220 kilometres southeast of Lisbon in the Alentejo district of southern Portugal lies neves-corvo, Lundin minings most significant european asset run by its native subsidiary somincor, and one which could have up to 30 more years of life ahead of it.

Already producing 50-60,000 tons of copper and 60-65,000 tons of zinc annually from five separate ore deposits, the company is conducting a feasibility study which could see it more than double zinc output by 2017.

the study is not complete yet but we are optimistic, conibear added. the global resource is more than 100 million tons of better than six percent zinc and only 1.2 million tons a year is being processed.

Neves-Corvo

Approximately 220 kilometres southeast of Lisbon in the Alentejo district of southern Portugal lies Neves-Corvo, Lundin Minings most significant European asset


LundIn MInIng e U r o P e

there is huge potential if we can get the capital investment right. Worldwide there are very few western companies who have an asset base like this, so it is a unique opportunity for us to look at something which has been underexplored over the past decade.

the study should be completed by the end of Q1 2015, with Lundin keen to get construction underway which would involve deep bottlenecking, improving shaft capacity and doubling the zinc plant above ground. the company is also looking to expand tailings management storage and advanced water treatment facilities.

despite the upcoming focus on boosting zinc production, copper will continue to provide 50 percent or more of revenues from this asset, home to 2,000 of Lundins 3,000 global workforce.

into the Americas Lundin minings newest michigan asset fits perfectly into conibears plan to find new deposits of the highest quality.

Having acquired the nickel-copper site from rio tinto in July 2013 for $315 million, a further $400 million has brought the project to operational status ahead of schedule with a view to it becoming the companys eventual biggest earner.

conibear said: this is an extremely high-grade deposit, and nickel has taken a big step forward recently as a highly valuable commodity so we are hitting the cycle at an ideal time.

Tons of copper currently being produced from

the Neves-Corvo mine

60,000

www.teixeiraduarte.pt

TEIXEIRA DUARTE ENGENHARIA E CONSTRUES, S.A. is a Portuguese company that started operating in 1921 in the fields of Geotechnical and Foundation Engineering, which gradually extended to other fields of engineering, such as Buildings, Infrastructures , Metalworks , as well as Underground , Mining, Railway and Maritime works

Always maintaining the imprint of a true Engineering Company, with recognized expertise in the design, innovation, construction and management of major projects and developments, it has been operating in the eld of underground and mining works since 1981, mainly through its subsidiary EPOS, S.A. which, with its acknowledged experience, still has the most advanced technology and equipment for the performance of this type of works, remaining continuously active for more than 30 years in major mining projects, in the elds of prospecting and survey, infrastructure construction and exploration.

True to its performance values, Teixeira Duarte has achieved a steady and sustained growth that has allowed it to build a strong business capacity, detaining means and resources, namely human, which have enabled it to undergo multiple internationalization processes and broaden its areas of expertise. Having achieved a turnover of more than EUR 1,500 million in 2013, Teixeira Duarte Group currently has around 12,500 employees operating in 16 countries, in 4 continents, working in 7 dierent sectors, notably in Construction, Concessions and Services, Real Estate, Hotel Services, Distribution, Energy and Automotive Industry. Teixeira Duarte has been listed on the stock exchange market since 1998, but it maintains a stable shareholder structure, mostly dominated by the Teixeira Duarte family, which, along with its history and the operational capacity of its teams and resources, gives it the condence and responsibility to be able to continue to fulll its mission: Execute, contributing towards the construction of a better world.

www.epos.pt

Water reservoir Neves Corvo Mine, Portugal

Mine infrastruture development Aguablanca Mine, Spain Equipment maintence

Mine infrastruture development Aguablanca Mine, Spain

Mine infrastruture development Neves Corvo Mine, Portugal www.teixeiraduarte.pt

TEIXEIRA DUARTE ENGENHARIA E CONSTRUES, S.A. is a Portuguese company that started operating in 1921 in the fields of Geotechnical and Foundation Engineering, which gradually extended to other fields of engineering, such as Buildings, Infrastructures , Metalworks , as well as Underground , Mining, Railway and Maritime works

Always maintaining the imprint of a true Engineering Company, with recognized expertise in the design, innovation, construction and management of major projects and developments, it has been operating in the eld of underground and mining works since 1981, mainly through its subsidiary EPOS, S.A. which, with its acknowledged experience, still has the most advanced technology and equipment for the performance of this type of works, remaining continuously active for more than 30 years in major mining projects, in the elds of prospecting and survey, infrastructure construction and exploration.

True to its performance values, Teixeira Duarte has achieved a steady and sustained growth that has allowed it to build a strong business capacity, detaining means and resources, namely human, which have enabled it to undergo multiple internationalization processes and broaden its areas of expertise. Having achieved a turnover of more than EUR 1,500 million in 2013, Teixeira Duarte Group currently has around 12,500 employees operating in 16 countries, in 4 continents, working in 7 dierent sectors, notably in Construction, Concessions and Services, Real Estate, Hotel Services, Distribution, Energy and Automotive Industry. Teixeira Duarte has been listed on the stock exchange market since 1998, but it maintains a stable shareholder structure, mostly dominated by the Teixeira Duarte family, which, along with its history and the operational capacity of its teams and resources, gives it the condence and responsibility to be able to continue to fulll its mission: Execute, contributing towards the construction of a better world.

www.epos.pt

Water reservoir Neves Corvo Mine, Portugal

Mine infrastruture development Aguablanca Mine, Spain Equipment maintence

Mine infrastruture development Aguablanca Mine, Spain

Mine infrastruture development Neves Corvo Mine, Portugal

supplier profile

epos

Established: Early 1980s

Industry: Construction

Services: EPOS - Empresa Portuguesa de Obras Subterrneas, S.A. is a leading Portuguese company for large underground construction contracts of all types, holding an extensive experience in this type of work. Founded in 1986, the company quickly affirmed itself as the specialised contractor in its field. More than 20 years on, EPOS is today recognised in the market for the high technology of its production facilities, both human and equipment, that are clearly reflected in the high standard of its outstanding works. EPOS is confident in the future, emphasised by the ever increasing demands of the different works it has been awarded. EPOS faces its challenges, strengthened by this confidence, as it reaffirms its leadership and ongoing commitment on quality, safety, its team, cutting edge technology, respect for the environment as well as social responsibilities and the continuous improvement in profitability that guarantees the satisfaction of customers, shareholders and investors.

Management: President - Dr. Jos Pedro Poiares Cobra Ferreira

Website: www.epos.pt

e U r o P e


LundIn MInIng

currently the life is eight years and there is a satellite deposit we are drilling now to see if we can expand the life beyond this. there are not many new mines being built these days so we are very pleased with how this has developed.

the ceo said that Lundin should be able to produce at around $2 per pound of nickel, and with prices currently sitting at roughly $8, the margins are extremely encouraging, especially given annual production is expected to reach respective amounts of 23,000 and 20,000 tons of nickel and copper.

the 300 metre long, 85 metre wide and 340 metre deep high grade deposit will also produce some cobalt, platinum, palladium and gold by-products.

Just recently announced is Lundin minings acquisition from Freeport of an 80 percent stake in the renowned candelaria copper/gold mine in chile. this $1.8 billion acquisition vaults Lundin up into the top 20 copper producers, more than doubling 2015 copper production.

Lundin is pursuing upside opportunities at candelaria with an aggressive exploration programme to extend the life of the large open pit and three existing underground mines that make up the candelaria mine complex.

Closer to home Back in sweden, Lundin mining is celebrating its 10th anniversary of operating the Zinkgruvan zinc and copper mine, which has at least another

Just recently announced is Lundin Minings acquisition from Freeport of an 80 percent stake in the renowned Candelaria copper/gold mine in Chile

Tel: 00351 286 683 268 F: 00351 286 683 051

E: [email protected]

Mina Neves Corvo 7780 -409 Santa Barbara de Padroes

The company

Jos Dias Faustino, S.A. works as an earthmoving contractor for Somincor, S.A., performing underground and surface services at the Neves Corvo mines.



Tel: 00351 286 683 268 F: 00351 286 683 051

E: [email protected]

Mina Neves Corvo 7780 -409 Santa Barbara de Padroes

The company

Jos Dias Faustino, S.A. works as an earthmoving contractor for Somincor, S.A., performing underground and surface services at the Neves Corvo mines.

decade of life to run. this was the companys first major asset

following the Lundin Familys discovery of its first mine at storliden, in northern sweden. the business started out as a junior explorer in the 1990s before making this high-grade zinc and copper breakthrough in 1999, which went into production in 2002 and provided essential capital for acquisition of additional mines.

At Zinkgruvan, in the central-south region of the country, Lundin mining has managed to ramp up extraction of ore from 700,000 annual tons to 1.2 million, with conibear looking to gain another five to 10 percent by maximising current capabilities.

each year we have been successful in discovering more than weve milled, conibear added. And as well as producing 75-80,000 tons

Operations in

Zinkgruvan mine

crmeyer.com 800.236.6650

Heavy Industrial General ContractorsSpecialists in Mining Construction and Maintenance

Design/Build Boilermaking Concrete DemolitionIronworking Millwrighting Piping Oces Nationwide

Checking References?


Ours go back 125 yearsmorethanOurs go back 125 yearsmorethan

With gratitude to Lundin Mining for the opportunity to help build the new Eagle Mine and reinvigorate the historic Humboldt Mill in Michigans Upper Peninsula.

CR Meyer is proud to be a part of the regions rich mining history.



crmeyer.com 800.236.6650

Heavy Industrial General ContractorsSpecialists in Mining Construction and Maintenance

Design/Build Boilermaking Concrete DemolitionIronworking Millwrighting Piping Oces Nationwide



Ours go back 125 yearsmorethanOurs go back 125 yearsmorethan

With gratitude to Lundin Mining for the opportunity to help build the new Eagle Mine and reinvigorate the historic Humboldt Mill in Michigans Upper Peninsula.

CR Meyer is proud to be a part of the regions rich mining history.

As well as producing 75-80,000 tons of very clean zinc, the 30-35,000 tons of lead and 3-4,000 tons of copper by-products makes this mine very cost effective Paul Conibear

of very clean zinc, the 30-35,000 tons of lead and 3-4,000 tons of copper by-products makes this mine very cost effective.

elsewhere in europe, Lundin is looking to shift production from seven years of open pit to underground extraction of better-quality nickel and copper at Aguablanca in southern spain.

this will commence at the turn of the year for an initial life of three years with the option to go deeper.

Lundin mining also holds a 24 percent interest in a joint venture with Freeport at Finlands Kokkola cobalt mine.

A similar stake of a Freeport partnership at tenke Fungurume in the drc, one of the worlds largest known copper-cobalt resources, has also been established and it delivered $140 million to Lundin in cash flow last year.

CR Meyer is a heavy industrial general contractor with deep roots in the mining industry. More than 70 years ago they began constructing heavy industrial facilities at iron ore mines in Michigans Upper Peninsula. The company has since expanded across the United States to include mines that extract rare earth minerals, metals, and materials for the petrochemical industry. CR Meyers professional services division includes project managers, engineers, architects, and schedulers who develop solutions to control costs, maximize productivity, and complete projects safely.

Website: www.crmeyer.com

supplier profileCr Meyer

8 6 n o v e m b e r 2 0 1 4

LundIn MInIng

Eagle Mine

Advancing techniques As well as developing its portfolio of high-grade assets, Lundin mining is also eager to make the most out of both tried and tested and new innovations to help see it reach future production targets.

the company is trialling two enormous 60-ton Atlas copco underground haul trucks at neves-corvo, where advanced dewatering of tailings is also being put into practice alongside smart technologies to help give enhanced visibility of important mining processes.

eagle mine is also home to pioneering techniques. conibear added: Water treatment

Eagle Mine is also home to pioneering techniques. Water treatment is an area which the company is stepping up its activity Paul Conibear

m i n i n G


LundIn MInIng

is an area which the company is stepping up its activity. At eagle mine we have two state-of-the-art water treatment plants which i have not even seen in the base metals indus

mining global - november 2014

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