CIM Magazine December '14/January '15 by CIM-ICM Publications

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IN THIS ISSUE 52

CIM MAGAZINE DECEMBER 2014 / JANUARY 2015 DÉCEMBRE 2014 / JANVIER 2015

cover story

COMMODITY SPOTLIGHT 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.

24 Regulatory review

A look at changes in mining legislation around the world By Eavan Moore

48 Processing refractory ores gets easier with new equipment KPM develops two-inch fluid bed roaster to improve bench-scale tests By Ian Ewing

64 Keeping up with workflow

As projects ramp up in Northern Canada, lube manufacturers must re-examine their products to accommodate the arctic conditions with additives and synthetic options By Eavan Moore

December/Décembre 2014 • January/Janvier 2015 | 5

contenu francophone

32 8 10

Editor’s letter President’s notes

The best in new technology

tools of the trade compiled by Kelsey Rolfe and Chris Balcom

news 14 28 32

Industry at a glance Alternative energy sources are playing a larger role in miners’ strategies By Kelsey Rolfe

The Quebec government moves forward with its revamped northern development program By Antoine Dion-Ortega

columns 38 40 42

Where did all the gold money go? By Doug Pollitt

Financial innovation on renewables By Arnoldus Mateo van den Hurk

The safety to speak out By Esther Ewing

upfront: metallurgy 44 46 50

A new chloride segregation process could open up oolitic iron reserves globally Will technological step change or operational excellence make mines more profitable? By Ian Ewing

Terry McNulty is a metallurgical mastermind with a keen sense of what makes projects succeed

travel

Polkowice, Poland

cim community 82

85 87

CIM news from Canada and beyond Obituaries 2015 Calendar of CIM events

The Elsa silver heist: a daring mining theft in a small Yukon town By Alicia Priest

129 Professional directory

2015 : pleins feux sur les marchandises Nous examinons 30 métaux et minéraux différents, vous offrons une rétrospective de ce qui a marqué l’année qui vient de s’écouler, notamment les tendances de plus en plus répandues et les événements imprévus, et explorons ce qui se profile à l’horizon.

Mot du président

Par Antoine Dion-Ortega

By Chris Balcom

mining lore 130

By Chris Balcom

By Correy Baldwin

article de fond

Le gouvernement provincial relance son plan de développement nordique Calendrier des événements de l’ICM Répertoire des membres corporatifs de l’ICM

La version française intégrale du CIM Magazine est disponible en ligne : magazine.CIM.org/fr-CA

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

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Editor-in-chief Ryan Bergen, rbergen@cim.org Executive editor Angela Hamlyn, ahamlyn@cim.org Managing editor Andrea Nichiporuk, anichiporuk@cim.org

editor’s letter

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. West Westmount, QC H3Z 3C1 Tel.: 514.939.2710; Fax: 514.939.2714 www.cim.org; Email: magazine@cim.org Advertising sales Dovetail Communications Inc. 30 East Beaver Creek Rd., Ste. 202 Richmond Hill, Ontario L4B 1J2 Tel.: 905.886.6640; Fax: 905.886.6615; www.dvtail.com Senior Account Executives 905.886.6641 Janet Jeffery, jjeffery@dvtail.com, ext. 329 Neal Young, nyoung@dvtail.com, ext. 325 Account Manager Fiona Persaud, fpersaud@dvtail.com, ext. 326

Finalist

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

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

Bes t in

This issue’s cover Illustration by Christian Northeast Layout and design by Clò Communications Inc. www.clocommunications.com

Ryan Bergen, Editor-in-chief editor@cim.org @Ryan_CIM_Mag

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20 1

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xploration budgets in 2014 were some $4.5 billion smaller than they were in 2013, according to the estimates of a recent report from SNL Metals and Mining. The study focused on the spending decisions of 2,000 companies exploring for non-ferrous metals and has charted a steep decline from the impressive peak in 2012 when more than $22.8 billion was portioned out to mining and exploration companies to find new deposits. The report also reveals that the pile of money dedicated to exploration last year – $12.9 billion – towers over those that were commonly 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, writes Doug Pollitt in his piece “Where did all the gold money go?” (pg. 38). He dismisses the argument that rising costs cancelled out the advantage of extra capital. Much of the cash, he argues, served as fuel for bad decisions. Today, in operations as in exploration, the money that prompted those decisions is harder to find. In its absence, the problem of decreasing productivity has become more pronounced. The response seems to be an increasing urgency to the discussion of step changes across the industry: whether it is devising a more energy-efficient approach to haulage or comminution, liberating minerals by putting microbes to work, or dreaming up a smarter way to locate drill targets. Metallurgists challenged each other on the subject at their latest annual conference. Ian Ewing chronicles the debate in ”Step change vs. operational improvement” (pg. 46). The industry orthodoxy holds that innovations are best when someone else takes the risk, but as veteran metallurgist Terry McNulty discusses in an interview with Correy Baldwin (pg. 50), this idea is not really supported by the evidence. From what he has discovered through his observations on plant start-up performance, the risk in implementing new technologies relates to its management. Whether the start-up is of a proven technology or a novel one, the rigour applied to the implementation goes a long way to determining its success. While today may not be the best time for reinvention, McNulty’s findings make it hard to argue it is the worst if discipline and good judgement are designed into ambitious projects. We at CIM Magazine are eager to detail how such developments unfold.

Section editors Peter Braul, pbraul@cim.org Tom DiNardo, tdinardo@cim.org Copy editor/Communications coordinator Zoë Koulouris, zkoulouris@cim.org Web content editor Maria Olaguera, molaguera@cim.org Contributing editor Eavan Moore Editorial intern Chris Balcom, cbalcom@cim.org Contributors Correy Baldwin, Graham Chandler, Antoine DionOrtega, Chuck Edwards, Esther Ewing, Ian Ewing, Virginia Heffernan, Graham Lanktree, Alexandra Lopez-Pacheco, Eavan Moore, Christian Northeast, Doug Pollitt, Christopher Pollon, Alicia Priest, Kelsey Rolfe, Arnoldus Mateo van den Hurk

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president’s notes | mot du président

Don’t bet against commodity prices

Sean Waller CIM President Président de l’ICM

In 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 might argue that this is not entirely correct, as technology innovation enables more efficient and lower cost of production and hence the option to sell products at a reduced price. Several examples of this include the development of very large-scale mining and processing methods and heap leaching technology, all of which served to lower unit production costs in constant dollar terms. However, other factors beyond producers’ control determine commodity pricing. The most obvious is the strength of the global economy, which is variable in the short term and garners near-constant media attention. But step back from the daily media blasts and consider that we have just reached the seven billion mark in global population and current projections see it reaching eight billion as soon as 2035 – it was only two billion as recently as 1920! Pair this growth with the increase in the global standard of living and associated consumption, and it becomes 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 to discover and develop and average grades are decreasing. Fortunately, the application of new methods and technologies will help make these lower-grade deposits commercially viable. For the shorter term, say in the next two to three years, commodity prices and the fortunes of our industry are more difficult to predict. The current softness in many commodity prices has caused our industry to pull back, cut costs and reduce debt. Investment in the mineral sector has dropped dramatically over the past two to three years and as a result the industry is in a downturn. These factors will eventually reverse and long-term growth will return. I, for one, will bet on that.

Ne pariez pas contre le prix des produits de base Dans 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 produits sur le marché. Certains diront que ce n’est pas tout à fait exact, car l’innovation technologique permet d’obtenir des coûts de production plus rentables et plus bas, offrant ainsi la possibilité de vendre des produits à un prix réduit. Plusieurs exemples comprennent notamment la mise au point de méthodes d’exploitation et de traitement de très grande envergure et de technologies de lixiviation en tas, lesquelles ont toutes servi à réduire les coûts unitaires de production en dollars constants. Cependant, d’autres facteurs sur lesquels les producteurs n’exercent aucun contrôle déterminent le prix des produits de base. Le plus évident est la vigueur de l’économie mondiale, laquelle est variable à court terme et attire l’attention pratiquement constante des médias. Éloignez-vous du tapage médiatique quotidien et pensez au fait que la population mondiale a atteint la barre des sept milliards et que les prévisions actuelles tablent sur huit milliards dès 2035 – elle s’élevait à seulement deux milliards en 1920! Rapportez cette croissance à la hausse du niveau de vie mondial et de la consommation, et il devient dès lors évident qu’à plus long terme, l’approvisionnement en produits de base pourrait ne pas répondre à la demande, et nous savons où cela va mener. À l’avenir, les prix des produits de base sont appelés à augmenter en termes réels. Les gisements sont difficiles à découvrir et à mettre en valeur, et les teneurs moyennes diminuent. Heureusement, l’application de nouvelles méthodes et technologies permettra de rendre ces gisements à teneurs moins élevées commercialement viables. À plus court terme, disons dans les deux à trois prochaines années, les prix des produits de base et le sort de notre industrie sont plus difficiles à prévoir. Le fléchissement actuel du prix de nombreux 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 dernières années, faisant connaître à l’industrie une période de récession. Cette tendance s’inversera un jour et la croissance à long terme reviendra. Pour ma part, je vais miser sur ça.

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

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Given the darkness of their surroundings, reliable lighting has long been a concern for underground miners. In the dim and cramped spaces of a mine, it is important that all equipment is as durable as possible, including light fixtures. In the interest of offering safe, compact and long-lasting fixtures, Texas-based Larson Electronics has launched a new 150-watt explosion-proof LED light fixture. It is capable of handling 347-480 AC voltages to accommodate the various voltage standards across Canada and the United States. The light weight, low profile and high durability of the product make it an attractive alternative to cumbersome older fixtures. The aluminum alloy body increases the fixture’s resistance to vibration and impact, making the light well suited to a mining environment. This durability also gives the product versatility, and the fixtures can be used throughout a given operation, said Larson spokesperson Rob Bresnahan: “[Miners] can mount it on vehicles, they can mount it on surfaces in the tunnels, and it’s going to last.”

Courtesy of Larson Electronics

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Exhaust from diesel-generated power includes a lot of heat energy, but this potential source of power is lost in the absence of an effective waste heat recovery system. To turn waste heat into a profitable resource, U.S.-based Alphabet Energy recently launched the E1 Thermoelectric Generator. “[Waste heat] has not been valuable to [mining companies] because there really hasn’t been a way to simply and reliably turn that waste heat into something useful,” explained Alphabet Energy CEO Matt Scullin. The industrial-scale thermoelectric generator makes use of Alphabet’s patented silicon and tetrahedrite technology and produces electricity by taking advantage of the heat differential between a diesel generator’s exhaust and the outside air. Using this technology, the E1 can 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 thermoelectric technology is solid-state, meaning there is no rotating machinery or working fluid, and requires minimal upfront engineering and virtually no ongoing maintenance. It can also be installed in two hours, making it ideal for remote locations. Installation simply involves inserting the exhaust pipe of a diesel generator into the E1 generator and in turn connecting the E1 to the site’s main breaker. For now the E1 only pairs with stationary equipment but Alphabet plans to adapt its technology to other applications in the future, such as waste-heat recovery units for trucks. Compiled by Kelsey Rolfe and Chris Balcom 12 | CIM Magazine | Vol. 9, No. 9

Real-time pressure monitoring Tire-pressure monitoring systems (TPMS) help mine operators prevent the rubber on their earthmover tires from degrading due to high temperature or incorrect pressure. When a typical TPMS detects a warning sign, it sends that information via a mine site’s communication network, such as wireless network (WiFi), to a base station. However, it is difficult to find a TPMS that integrates well into any given mine’s specific communications configuration because of the multitude of platforms available. Therefore, when Kal Tire re-launched its True Tire Technology TPMS, it provided seven connectivity options including WiFi, 3G cellular, and a 900-megahertz radio frequency network. The system collects data from ball-shaped sensors that are attached to the inside of the tires, detecting the temperature and pressure of the tire chamber. This information is sent to a master communication module where it is then relayed to a base station and accessed online or through downloadable software, allowing mine operators to evaluate the performance of the system across their entire fleet. “[The dashboard] basically shows you everything that’s happening on the system at a glance,” said Mike Batka, Kal Tire’s process, technology and products vice-president. “From that screen, if you click once on any of the icons or any of the trucks, it takes you to exactly where you need to be.” The system also includes GPS tracking that automatically refreshes every 30 seconds.

Courtesy of Kal Tire

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news

Camp at Fruta del Norte gold project

Golden opportunity for Lundin Group The Lundin Group this fall took a step towards developing its gold business when it obtained the Fruta del Norte project from Kinross Gold Corporation. On Oct. 21, Lundin Group member Fortress Minerals Corp. agreed to acquire the project in Ecuador through the purchase of Aurelian Resources Inc. shares from Kinross for US$240 million in cash and equity. “It is just a fantastic ore body, considered by many to be one of the top undeveloped gold projects in the world right now,” said Fortress chairman Ron Hochstein. Kinross was enthusiastic too when it acquired the project in 2008 in a share exchange with Aurelian worth $1.2 billion. But after extensive negotiations with the Ecuadorian government, mainly surrounding a 70 per cent windfall profits tax, Kinross pulled out in 2013. Ecuador then commissioned global consultancy Wood Mackenzie to evaluate its mining policy competitiveness. The government later decided to abolish the crippling windfall tax. “It wasn’t the trigger but it was certainly a contributing factor to give us the comfort level to move forward,” said Hochstein. Fortress recognizes the government risks and feels it has addressed them. “If you look at the history of the Lundin Group, it has been very successful going into countries early on or 14 | CIM Magazine | Vol. 9, No. 9

with perceived difficult governments,” said Hochstein. Examples include Sudan, Libya, and the Democratic Republic of Congo. “Where we’ve been successful is where there’s a rule of law and you make sure your contract is strong, so that even if things can get a little wobbly with the government you still have a good solid contract to fall back on.” Upon closing the deal with Kinross, Fortress will change its name to Lundin Gold Inc. With the promised, much-improved tax regime and extensive development already in place to build upon – work camp, roads, 150 kilometres of drill cores – Lundin expects Fruta del Norte to start producing from its reserves of 7.3 million Indicated and 2.6 million Inferred ounces of gold in 2018. – Graham Chandler

Fresh goals for saving water in the oil sands Canada’s Oil Sands Innovation Alliance (COSIA) has issued the first in a series of performance goals for its members. The 13 members of the alliance have agreed to reduce usage of fresh water consumption for in situ oil sands production from a 2012 average of 0.4 barrels of water per barrel of produced bitumen by half, to 0.2 by 2022. Establishing the goal was a collaborative effort, said Dan Wicklum,

COSIA’s chief executive. “It is the companies that have driven this; they’ve developed and own that goal.” The target levels are “basically a trade off between setting a realistic goal and being ambitious and aggressive,” he said. The base year was chosen as 2012 because that was when the newly formed COSIA started collecting data. At the end of 2012, in situ operators were using about 275,000 barrels of fresh water daily. COSIA – which comprises oil sands producers like BP Canada, Syncrude, Teck Resources and Total E&P Canada – will publicly disseminate performance results for the water reduction initiative in annual updates starting in November. Wicklum said the alliance is finalizing similar targets for oil sands mining operators. “These goals are too important to do quickly,” he pointed out. “We want to do them right.” Water is one of COSIA’s four environmental priority areas. Performance goals are in the works for the other three as well: tailings, land, and green– G.C. house gases emissions.

Barrick names company president for China The world’s leading gold producer is seeking closer ties with the world’s leading gold consumer. On Sept. 18, Woo C. Lee joined Barrick Gold Corporation as its first president for China. The new position reflects the company’s desire to build enduring partnerships in China that advance its long-term business objectives, and its view that a dedicated presence is critical to accomplishing that goal. “To build the type of relationships we seek, it is important that we have a permanent presence in the region, engaging local partners on a continual basis,” said Andy Lloyd, vice-president of communications at Barrick. “Woo will be Barrick’s representative on the ground, working with the Chinese government, mining companies, investors and suppliers in pursuit of opportunities in China and the surrounding region.”

Courtesy of Frances Litman Photgraphy Inc

Mackenzie Watson

Courtesy of Goldcorp Inc.

Courtesy of Orvana Minerals Corp.

news

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.

Mining Hall of Fame inducts four industry greats Four industry titans are set to be recognized in the new year for their life-long dedication to mining. Peter Bradshaw, Ian Telfer, Mackenzie Watson and Ron Netolitzky will be formally inducted into the Canadian Mining Hall of Fame at the annual induction dinner on Jan. 15 in Toronto. Mackenzie Watson is the first and only two-time winner of the Bill Dennis Award for a Canadian mineral discovery or prospecting success. He played a leading role in the discovery of countless major deposits in the past decade including both the Strange Lake rare earths project in Quebec and the Ring of Fire chromite reserves. “[The Canadian Mining Hall of Fame] is something very special in our industry, and I feel fortunate to be one of [the inductees],” Watson said. “I feel very honoured and humbled knowing who has gone before me.” Ian Telfer, for his part, is an icon of mining finance. With a keen eye for opportunity, he has achieved remarkable

Lloyd did not disclose specific geographic areas or companies of interest, but they should soon materialize; Lee has considerable business experience in the country. He worked for 20 years in China and East Asia, during which time he spent 10 years focused fulltime on China including six years in residence in Beijing. Most recently he was a senior advisor at JL Thornton & Co., where he led government, commercial and non-profit projects in China and advised the firm’s founder, John Thornton, who became Barrick’s chairman of the board in December 2013. In his new position at Barrick, Lee should be able to leverage experience and contacts he gained during 16 years with the U.S. State Department, 16 | CIM Magazine | Vol. 9, No. 9

success through skilfully manoeuvred mergers and acquisitions, notably the absorption of his company, Wheaton River Minerals, by Goldcorp in 2005. Now Goldcorp’s chairman of the board, Telfer led several mining companies throughout his career and had a hand in launching many more including Tahoe Resources and Primero Mining. Peter Bradshaw has made enormous contributions to the industry as a researcher and entrepreneur, and helped set up the Mineral Deposit Research Unit at the University of British Columbia. Bradshaw produced groundbreaking work on geochemical exploration and was instrumental in the development of several operations including Barrick’s Porgera mine in Papua New Guinea. Ron Netolitzky has enjoyed tremendous success as a geologist and prospector. Netolikzky has been a key player in the development of several projects in Canada and abroad, including his notable success with the Snip and Eskay Creek properties in northern B.C. – Chris Balcom

where he held senior posts at embassies and consulates in China, Japan, and Australia. “He has worked closely with government officials, community leaders, non-governmental organizations, media and other stakeholders,” added Lloyd. – G.C.

Provinces push for female representation on boards This fall, securities regulators in all but three provinces announced they would adopt legislation to create transparency around female representation in management positions at certain companies. Regulators in Newfoundland and Labrador, Nova Scotia, New Brunswick, Quebec, Manitoba,

Saskatchewan, the Northwest Territories, and Nunavut announced in October they will join the Ontario Securities Commission (OSC) in implementing amendments to National Instrument 58-101 - Disclosure of Corporate Governance Practices. Under the proposed “comply or explain” rules, publicly traded companies would have to report annually on the representation of women in senior management and board roles. Rather than quotas, the new rules will require companies to confirm they have a policy for evaluating women for higher level positions and provide details on it or explain why they do not and identify risks or opportunity costs associated with not having a policy.

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news “We certainly welcome the changes made by the OSC,” said Ryan Montpellier, executive director of the Mining Industry Human Resources Council. “I believe it will start having a meaningful impact on our industry by highlighting those companies that don’t necessarily have diversity policies and really force them to explain why.”

Since all publicly traded companies on the Toronto Stock Exchange are regulated by the OSC regardless of where they are headquartered, the six provinces’ and two territories’ decisions are primarily seen as a sign of support. So far, B.C., Alberta, and P.E.I. have chosen to not jump on board.

Montpellier explained that while larger companies listed on the exchange often have specific policies around diversity, they tend to be focused on the lower ranks versus board and executive roles. “I think this will force them to take a more proactive role and I believe it will create an environment where they will want to develop diversity policies,” he said. “There’s strong evidence out there that demonstrates diversity on boards leads to improved shareholder value. This is a good move for mining companies.” Subject to ministerial approval, the amendments will come into effect on Dec. 31, 2014. – Alexandra Lopez-Pacheco

New study shows mining suppliers are key contributors to Ontario’s economy Considered a “hidden” sector by the Conference Board of Canada, the mining services and supply (MSS) sector contributes about one per cent to Ontario’s GDP, according to a new study released in late October by the Canadian Association of Mining Equipment and Services for Export (CAMESE). The study, conducted by PricewaterhouseCoopers for CAMESE, found the 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. It also showed the industry contributed 41,000 direct and 27,000 indirect jobs that year, for a total of 68,000. “The mining services and supply sector is much larger than anybody’s ever really seen, in terms of numbers,” said Ryan McEachern, CAMESE’s managing director. “So we’ve been able to provide better clarity to [the sector’s] economic contribution, and also the number of companies and the number of employees in the sector.” The study also showed that the MSS sector is not strictly located in northern Ontario. One third of the companies surveyed were based there, but 21 per cent were located in the greater 18 | CIM Magazine | Vol. 9, No. 9

industry at a glance Turmoil in Burkina Faso Hundreds of thousands of Burkinabè took to the streets of their capital Ouagadougou and other major cities in late October, angry at President Blaise Compaoré’s efforts to extend his time in office by amending constitutional laws on term limits. Compaoré won four disputed elections during his 27 years in power. In the ensuing chaos, at least five protestors were killed by security forces and demonstrators occupied and torched several buildings including Burkina Faso’s parliament. On Oct. 31, less than a week after demonstrations began, Compaoré resigned and fled to the Ivory Coast. The military quickly seized control and has since appointed former foreign minister Michel Kafando as interim civilian president. Lieutenant Colonel Isaac Zida

has said that elections will take place late next year. In the meantime, the military has taken control of six key ministries including the ministry of mines, while the others have been delegated to civilian authorities. The rapid transformation of the country’s political landscape and intensity of popular frustration with the regime took many by surprise. Burkina Faso was seen as relatively stable by many investors, in part due to the perceived durability of Compaoré’s regime and his close alignment with the West. The political struggle affected the operations of at least one Canadian miner. Ottawa-based Orezone Gold suspended work at its Bomboré property, 85 kilometres east of Ouagadougou, from Nov. 3 to 10. When operations resumed, the company announced it had sustained some minor damages. “Work is underway at the Bomboré field camp to fully assess the damages and clean up and repair broken windows and office furniture,” reported Orezone in a press release, claiming the vandalism had been committed by artisanal miners. Other Canadian mining companies in the country like Iamgold and SEMAFO continued their operations without interruption. Burkina Faso has significant gold deposits, and Compaoré’s government made an effort to attract foreign mining investment. While most Canadian and other foreign mining companies in the country have been carrying on as usual, recent events have raised some concern about the future.

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

– C.B.

Mining in Burkina Faso

7 39 Fourth 7 $410 million 71 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

December/Décembre 2014 • January/Janvier 2015 | 19

news Toronto area, and roughly half were scattered across the province. The results are based on the survey responses of 913 Ontario companies that self identified as mining suppliers in 2011. The MSS sector is not directly measured by Statistics Canada, as it classifies companies based on the general services they provide, such as engineering or manufacturing, rather than in which industry their services are used, thus hiding the contributions of the MSS sector within the statistics of other industries. CAMESE defines the sector as including jobs that assist mining, namely engineering firms, consultants and mining-specific bank and legal work. CAMESE next hopes to conduct a pan-Canadian study. “We clearly showed the importance of it in Ontario,” said McEachern, who joined the organization last September. “My expectation is to have [a country-wide

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

AMTA closes its doors The Aboriginal Mentoring and Training Association (AMTA) closed its doors in November, just four and a half years after its founding. Over that time, the B.C.-based organization successfully trained and found placement for more than 1,000 aboriginals in resource sector jobs. AMTA cited the termination of federal financing as the reason for closure. “Funding AMTA has been the biggest challenge we’ve had since we opened our doors in 2009,” said former CEO Laurie Sterritt. Ottawa did not give AMTA specific reasons for ending its funding this year, said Sterritt. Of its roughly $5 million annual budget, she said the federal government provided AMTA with $3.5 million in 2013. The organization was

able to attract donations for the rest, as well as industry partners’ in-kind contributions like on-site training programs and staff to oversee projects. Although AMTA was able to secure charitable donations for $1.5 million of the 2014 budget, making up the $3.5 million shortfall proved impossible. “We certainly have been trying,” said Sterritt. AMTA was created through collaboration by the mining industry, the federal government’s Aboriginal Skills and Employment Partnership program, educators and First Nations. The organization was originally named the British Columbia Aboriginal Mine Training Association to provide employment opportunities for aboriginals and help the mining sector meet its workforce needs. It was renamed AMTA last February when it expanded into other resource sectors. Broadening AMTA’s scope was an attempt to attract the province and

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industry at a glance

David Stobbe

other companies to contribute. But, “it’s definitely a challenge to get commitments in this economic situation,” Sterritt said. Nonetheless, Sterritt remains proud of the impact AMTA had on individuals, their families and communities. “There are a lot of really good stories,” – G.C. she said.

University of Waterloo student at the final presentation of the third annual National Mining Competition held in Saskatoon, Saskatchewan.

Waterloo students come first at mining competition A team of engineering students from the University of Waterloo won the third annual National Mining Competition in early November, beating out 15 other teams. Over a 36-hour period beginning on Oct. 31, the teams of four were challenged to come up with the best five-to-10-year strategy for a fictional Canadian copper mining company with assets in Yukon, British Columbia, and Chile. The groups were given the company’s financial statements, asset production levels, reserves and resources, and were told to take into account current commodity prices and demand predictions. The University of Waterloo team, composed of chemical engineering students Seung-Youn Lee, Marco Chan, Vincent Zhu and Andrew Jiang, had a strong financial analysis and

paid attention to the weighted cost of capital, said competition co-chair Cooper Meadows. “They also brought in some engineering- and miningspecific information that really impressed the judges,” he added. They received their award from Wayne Brownlee, CFO of Potash Corp., the title sponsor of the event. The teams, made up of undergraduate university students from schools in five different countries, were given an opportunity to consult with industry representatives from local mining companies for three minutes each during a “speed-dating consulting session,” Meadows said, where they could get advice on their strategies for the main interdisciplinary case. They also competed in a smaller crisis response challenge, where they were given a scenario and had to respond in a limited amount of time. The National Mining Competition, hosted at the University of Saskatchewan, is the country’s first undergraduate mining case competition. “What we’re trying to do is give students an opportunity to integrate business and engineering and geology,” Meadows said. “It’s not typically something they get a chance to see firsthand ... until – K.R. [they] get into the industry.”

N.W.T. government hatches plan to spur mineral investment In October the government of the Northwest Territories released a plan to support its 2013 mineral development strategy. The government is hoping the plan will lead to a more positive mining investment climate in the territory, according to N.W.T. Minister of Justice and Industry, Tourism and Investment David Ramsay. While mining has generated thousands of jobs and billions of dollars of revenue in the N.W.T., explained Tom Hoefer, executive director of the N.W.T. and Nunavut Chamber of Mines, “over the past seven or so years, we have seen mineral investment in the territory languish, while our neigh-

bours and other jurisdictions were doing very well. That was an indication that the problem was of our own making.” Hoefer’s organization partnered with the N.W.T. government in developing both the strategy and plan. To address the problems, the plan includes attention to infrastructure development: $31 million toward a three-year energy program and $600 million for a 10-year strategic transportation plan, for example. It also includes an incentive program that will award $400,000 in initial funding to prospectors and exploration companies. Despite the weak global marketplace, Hoefer is optimistic about the future in the N.W.T.: “We are seeing encouraging investments, particularly around diamonds and gold.” The healthy signs include the development of the Prairie Creek (base and precious metals), Gahcho Kue (diamonds), NICO (polymetallic) and Nechalacho (rare earth elements) projects, all of which have moved through the permitting phase and are now seeking investment to construct mines. “Our largest diamond mining company has just released its plan for a $650 million investment to extend the life of its Ekati mine by 10 or more years,” he added. The N.W.T. government intends to update its implementation plan annually for the next 10 to 15 years. – A.L.-P.

Balmoral awarded prospectors of the year in Quebec In October Balmoral Resources Ltd. received the Prospectors of the Year Award in Quebec for the second consecutive year from L’Association de l’exploration minière du Québec in recognition of its Grasset discovery in the company’s 700-square-kilometre Detour Trend project. Earlier this year, Balmoral discovered the Grasset nickel-copper-platinumpalladium system, located in west-central Quebec, 55 kilometres (km) west of Mattagami. December/Décembre 2014 • January/Janvier 2015 | 21

In 2013 Balmoral received the same award for its highgrade gold discovery just 40 km from Grasset at the Bug Lake/Martiniere Gold system, making it the first company to receive the award two years in a row. Balmoral began actively exploring in the province about four years ago. In November shortly after receiving the award, the company closed a $10-million flow-through private placement with a syndicate of underwriters led by Canaccord Genuity Corp. that includes RBC Capital Markets and PI Financial Corp. “This means an aggressive, drill-focused $10 million 2015 exploration program for the company at a time when most continue to cut back,” said Darin Wagner, president and CEO of Balmoral. “Focus will be on expansion of the discoveries at Grasset and Martiniere as we march them toward initial resource statements. “There may come a time in 2015 to consider joint venturing or selling one of the two assets to a third party, but we are funded for the work we need to do through 2015 and beyond, so we plan to drive forward on our own for now unless someone makes us an offer we can’t refuse.” – A.L.-P.

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

LETTER TO THE EDITOR

A call to the more fortunate Recently the company I worked for was taken over; consequently I received a windfall along with a large tax obligation. I was very pleased to learn from an accountant that charitable donations can be used to offset capital gains tax and, depending on the type of donation, additional credit(s) can be realized. After consultation with the charitable organization Covenant House and my accountant, I opted to donate shares by exercising stock options. The consequence of buying the options and donating the certificate to the charity directly rather than taking ownership of the share certificates and then donating the shares bypasses any capital gains tax associated with the transaction. I know that there are others who belong to CIM who may find themselves in a similar situation to my own given all of the recent mergers and acquisitions and would like to suggest that they too consider a similar strategy. Contributions to charities or organizations that help/serve our communities are desperately needed and, if done properly, capital gains tax can be offset. Most registered charities have knowledgeable staff who are familiar with these types of donations. The key is to work with a competent accountant who can advise you of the benefits and liabilities when making charitable donations. – Joe Milbourne

An Introduction to Cutoff Grade: Theory and Practice in Open Pit and Underground Mines (with a new section on blending optimization strategy) Cutoff grades are essential in determining the economic feasibility and mine life of a project. Learn how to solve most cutoff grade estimation problems by developing techniques and graphical analytical methods, about the relationship between cutoff grades and the design of pushbacks in open pit mines, and the optimization of block sizes in caving methods. INSTRUCTOR Jean-Michel Rendu, USA • DATE September 9-11, 2015 • LOCATION Montreal, Quebec, Canada

Geostatistical Mineral Resource Estimation and Meeting the New Regulatory Environment: Step by Step from Sampling to Grade Control Learn about the latest regulations on public reporting of resources/reserves through state-of-the-art statistical and geostatistical techniques; how to apply geostatistics to predict dilution and adapt reserve estimates to that predicted dilution; how geostatistics can help you categorize your resources 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, McGill University, Canada; and Guy Desharnais, SGS Canada Inc., Canada • DATE September 14-18, 2015 • LOCATION Montreal, Quebec, Canada

Strategic Risk Management in Mine Design and Production Scheduling: Generating Optimal Mine Plans Given Uncertainty • Find out how to manage and minimise risks and produce optimal pit designs with strategic mine planning processes and the next generation optimisation methods. • Discover how new developments will help you capture the “upside potential” in mine designs and minimise “downside risks” as well as increase cash flows through the effect of the mining sequence and “risk blending”. • Explore real-world examples and participate in hands-on computer sessions that show how to increase project value by employing new riskbased (stochastic) optimisation models. • Understand and learn about the new stochastic mine planning optimisation framework and its contribution to sustainable utilisation of mineral resources. • Discover new developments in optimizing mining complexes and mineral value chains. INSTRUCTORS Matt LaBonte, Minemax, Denver, USA; and Roussos Dimitrakopoulos, McGill University, Canada • DATE October 14-16, 2015 • LOCATION Montreal, Quebec, Canada

Quantitative Mineral Resource Assessments: An Integrated Approach to Planning for Exploration Risk Reduction Learn about exploration risk analysis for strategic planning. Understand how to demonstrate how operational mineral deposit models can reduce uncertainties; 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

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Regulatory review Changes in mining legislation around the world

Flickr/Eduardo Santillán

By Eavan Moore

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

The year 2014 saw a wide range of legislative responses to one of the toughest questions governments in mining jurisdictions face: How to sustain an active industry without relinquishing too much control of their own resources? Several countries and a province pursued wealth by way of local participation requirements while others chased investors with tax breaks. More than one policy reversal highlighted how fickle governments can be. Here is a measure of this year’s moods as reflected in mining legislation.

Passed In Bolivia, a law came into effect in June requiring mining cooperatives to seek legislative approval before partnering with private entities, in accordance with the 2009 constitution that named the state as the owner of mineral resources. Cooperatives are unlikely to face major problems as a 24 | CIM Magazine | Vol. 9, No. 9

result of the move from private concessions to a service provision model, said Arthur Dhont, IHS Global Insight analyst, who remarked that the new legislation also offers better protection to foreign firms by requiring judicial security for mining operations. Indonesia’s long-awaited ban on raw mineral exports came into effect in January. Starting Oct. 1, the country also required coal exporters to obtain permits. Rick Beckmann of Susandarini & Partners said Indonesia aimed to capture unpaid royalties from illegal coal exports, meet domestic market requirements, and better control coal exports, in conjunction with limiting exports to certain ports. Australia repealed its carbon tax in July and its Mineral Resource Rent Tax in September, as promised by Liberal Prime Minister Tony Abbott. The taxes enacted by the previous government led by the Labour party in 2012 had charged the top 348 polluters AU$23

for every tonne of carbon dioxide (CO2) produced and taken 30 per cent of coal and iron ore profits. “The repeal of the carbon and mining taxes will go a long way to recovering some of the lost competitiveness that has occurred over recent years,” said Simon Bennison, CEO of the Perthbased Association of Mining and Exploration Companies. The Senate voted in October to implement an AU$2.55 billion Emissions Reduction Fund program in which the government will issue credits for CO2 reductions, then buy the credits in a reverse auction. As of August, a new mining law in Mozambique requires local participation in mining operations, including incountry mineral processing if economically viable. Concession holders must list on the Mozambican Stock Exchange, new mining contracts will require state participation in operations, and operators must give preference to

local products and services. A separate tax reform taking effect January 2015 will introduce a resource rent tax of 20 per cent when a company’s internal rate of return exceeds 18 per cent. Cuba approved a new foreign investment law in March that allows 100 per cent foreign ownership of companies. For joint ventures with Cuban firms, it reduces the tax on profits from 30 to 15 per cent and exempts companies from paying a profits tax for the first eight years of operation. The law also allows up to a 50 per 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 to municipalities, required proponents to guarantee the full cost of mine restoration before receiving leases, and increased requirements for aboriginal consultation. In January 2014, the province enacted a progressive tax rate that ranged between 16 per cent and 28 per cent based on the operator’s profit margin, which replaced the single rate of 16 per cent, and also added a tax floor of one to four per cent based on mine-mouth output value.

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Proposed South Africa’s National Assembly passed amendments to the Mineral and Petroleum Resources Development Act in March. The as-yet unsigned bill would require Minister of Mineral Resources Ngoako Ramatlhodi to promote local beneficiation, give him authority to designate minerals with local beneficiation requirements, and give him discretion over percentages and other regulatory questions. These provisions “effectively allow the minister to interpose himself between the industry and its customers,” said Peter Leon, the head of mining at South African law firm Webber Wentzel. The Mining Industry Coordinating Council of the Philippines drafted a law that would tax miners at 10 per cent of gross output or 55 per cent of adjusted net mining revenue (ANMR), whichever is higher. It also includes a windfall tax on ANMR margins that are over 50 per cent. As of November, the proposal was pending review with the president’s office. The Chamber of Mines of the Philippines opposes it, according to vicepresident of legal and policy Ron Recidoro, who argued that the government overestimated its missing revenue. Bans on unprocessed ore exports were proposed in the House and Senate but saw little further action. Canada drafted disclosure rules for mining and oil and gas companies making payments to any level of

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foreign or domestic government. Any extractive firm that is listed on a Canadian exchange has at least $20 million in assets, generates at least $40 million in revenue, or employs at least 250 people would be required to report cumulative payments of $100,000 or greater. Andrew Godfrey, associate at Norton Rose Fulbright, said the legislation closely resembled U.S. rules, as suggested by an industry working group. The government committed to passage by April 2015.

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SEE YOU NEXT YEAR AT COM 2015 AUGUST 23–26 IN TORONTO 26 | CIM Magazine | Vol. 9, No. 9

Chile’s Minister of Mines Aurora Williams told Reuters in October she planned to streamline the mine permitting process, citing duplicate document requests and unnecessary permits. The results of a 60-day review will be shared in early 2015. Greenland called new elections for November after prime minister Aleqa Hammond stepped down as party leader and went on a leave of absence during an investigation of her expenses. Hammond had promoted mining as an economic opportunity for Greenland and overturned a prior ban on uranium mining. Mark Fedikow, president and interim CEO of the junior exploration and development company North American Nickel, said the political events had had “no impact” to date on their exploration in Greenland, adding that working there had been “free from regulatory issues with the Greenland government agencies.” Ecuador is considering tax incentives to encourage extraction of its gold, silver and copper resources. In June President Rafael Correa announced he would work on the issue, citing the recommendations of a government-commissioned Wood MacKenzie study that judged Ecuador an unattractive target for mining investment. Kinross Gold blamed Ecuador’s 70 per cent windfall tax for its decision to sell its interest in the Fruta del Norte project. Kazakhstan is working on a new mining code to speed up international investment. Amendments to the law “On Subsoil Resources and Their Use” began wending their way through parliament in October. Alexander Melikishvili, senior analyst at IHS Country Risk, said the law envisions mandatory expert assessments of mining contracts will be cut by 60 per cent, and mining permits will be issued in a simplified auction procedure. “It is likely to be passed as proposed but the implementation, as with other laws in Kazakhstan, will be problematic, at least initially,” said Melikishvili. CIM

A HEARTFELT THANK YOU! MERCI DE TOUT CŒUR! ArcelorMittal, AECOM, ACP Applied Products, Active Risk Management Inc, AFMIB - Association des femmes minières du BF, Agnico Eagle Mines Limited, Alamos Gold, Alex G. Doll Consulting Ltd, Allnorth Consultants Ltd, AMEC, Ampella Mining, Anaconda Mining, André Lemay and Associates, Applied Industrial Technologies Atlas Copco Exploration, Aurcana Corporation, Ausenco, B&D Manufacturing, Barrick Gold, BBA, Bechtel Canada, Bestech, BGC Engineering, Bird Construction, Boge & Boge, Borden Ladner Gervais LL, Brenntag Canada Inc, British Columbia Institute of Technology, C.J. Stafford and Associates, Cambrian College, Cameco, Candente Copper Corp, CANMET, Cégep de Sept-Iles, Cégep de Thetford, Cementation Canada, Centre Africain d’Études Supérieures en Gestion (CESAG), Centre de Formation professionnelle de la Jamésie, Centre for Excellence in Mining Innovation (CEMI), City of North Bay, Collège Boréal, Collins Barrow, COREM, Cummins Western Canada, Dalhousie University, Denison Mines Corp, Dillon Consulting, Dynatec, École Polytechnique de Montréal, Edward Alberts Consulting, Finning Canada, FLSmidth, Focus Graphite Inc, Fonds de solidarité FTQ, Foraco International, Fraser MacKenzie, GE Mining Solutions, Genivar, Geological Survey of Canada, GHIMAC Ltée, Gladiator Equipment Inc, Glencore Xstrata, Global Mining Capital, Goldcorp, Golder Associates, Hatch, Hunter Dickinson, IAMGOLD Corporation, Industrial Fabrication Inc., Industries Chimiques du Senegal, Intermountain Specialties, Iron Ore Company of Canada, J.F. Comer Inc, J.S. Redpath Limited, JPi mine equipment, KGHM Intenrational, Khan Resources, Kingston Process Metallurgy, Kirkham Geosystems Ltd., Knox Insurance Brokers, Lab Chrysotile Inc., Laurentian University, Les Entreprises Alain Maltais inc, Liebherr, Management 360 Inc, McCarthy Tétrault, McEwen Mining, McGill University, Memorial University, Métaux BlackRock inc., MetChem, Micon International, Mine Staffing International, Mining Association of Manitoba Inc, Mining Technologies International, Ministère de l’Énergie et des Ressources Naturelles, MIRARCO, Mongolia Minerals Corporation, MS Partners LLP, Mustang Minerals Corp, National Research Council Canada, Natural Resources Canada, NB Dept Energy and Mines, NB Power, New Gold, Newfoundland Department of Natural Resources, Nichromet Extraction, North Rim, Northern Cast Parts, Norwest Corporation, Ontario Geological Survey, Ontario Securities Commission, Orezone Gold Corporation, Orica Canada Inc., Polyplast, PotashCorp, Proven Reserves, Public Works Canada, PWC, Quadra Chemicals, Queen’s University, Raymond James, Ressources Cogitore Inc., Ressources Metchib inc., Rio Tinto, RJC Industrial Design Ltd., Royal Nickel Corporation, RSE Senegal, Samson Bélair/Deloitte & Touche SENCRL, Schulich School of Business, Scotia Capital, SFDV Service de forage, Sherritt International Corporation, SIAST, Sitec S.E.C, Smart Systems, SMS Equipment, SNC-Lavalin, SOQUEM Inc., SRK Consulting, Stantec, Star West Petroleum, STAVIBEL, Step Up Consulting, Sudbury Integrated Nickel Operations, Suncor, Syncrude Canada, Table jamésienne de concertation minière, Taseko Mines Ltd., Tata Steel Minerals Canada Ltd., Teck Coal Limited, Teck Energy, Teck Highland Valley Copper Partnership, Teck Metals Ltd., Teng Tuuma Geoservices (TTG), Teranga Gold Corporation, Terracon, The Mosaic Company, TMAC Resources Ltd., Toromont Cat, Trevali Mining Corp, Trinity College Dublin, TS Technical Services Ltd., Tyco SimplexGrinnell, Université Laval, University of Alberta, University of British Columbia, University of New Brunswick, University of Saskatchewan, University of Toronto, University of Waterloo, UQAC, Vale, Wajax Industries, Watts, Griffis & McOuat, West African Economics and Monetary Union, WorleyParsons Canada Services Inc, XPS Consulting & Testwork Services, Yukon Zinc Corp

CIM acknowledges the dedication of its over 300 volunteers and is grateful to the organizations who support them in investing their valuable time to foster the development of our industry. Votre dévouement et contribution font la force de l’ICM.

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

The Renewables and Mining Summit and Exhibition is only in its second year, but with several renewable energy projects commissioned at mine sites this year, the focus at the event has changed in short order. While the 2013 conference revolved around whether alternative power solutions 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 conference organizer Energy and Mines, in her opening remarks at the event held in October in Toronto. Mining companies are demonstrating that renewable energy projects are doable and beneficial – especially for mines located in remote regions – and

David Irvine, Energy and Mines

By Kelsey Rolfe

Adrienne Baker, director of Energy and Mines, believes the question mining companies need to answer today is how much of a role will renewables play in a mine’s energy mix.

they are becoming increasingly popular. The central question now, Baker suggested, is how much of a role

renewables can play in a mine’s energy mix, and what the production cost will be.

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

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Representatives from Glencore’s Raglan mine and its partner Tugliq Energy explained how the northern Quebec nickel and copper mine plans to cut 2.5 million litres of diesel fuel from its annual consumption of 60 million litres through the installation of three wind turbines and a hydrogen fuel cell storage system. (The mine is the highest diesel consumer in the Arctic, due to its lack of access to grid and natural gas power.) The first threemegawatt (MW) wind turbine was installed in late August. The cost of renewable energy is becoming more competitive, and in remote locations like parts of Africa, where grid power is prohibitively expensive or simply not available, solar

and wind farms are being touted as the most viable options. Ron Halas, Iamgold’s commercial vice-president of South America, highlighted the benefits of the company’s recent implementation of a massive solar plant at its open-pit Rosebel gold mine in Suriname. A combination of the increasing need for power to mine the lower-grade ore and no additional hydroelectric capacity at Suriname’s major hydro facility prompted Iamgold to partner with the Suriname government to build a 5 MW solar farm on site. The project was completed below budget, at just under $12 million, in July and is now operational. The farm, composed of more than 16,000 panels, makes up a small

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amount of the mine’s power use: of the 38 MW per day the mine uses, it draws on the solar plant for 1.4 MW. “I’d be lying if I said it’s our main source of power,” Halas said, but added that “it’s quite an environmental saving as well as a cost saving for us.” Iamgold plans to implement a similar solution at its Essakane gold mine in Burkina Faso, and has set a goal to have renewable energy constitute 15 per cent of its global energy mix in three to five years. Several speakers suggested that two cost issues are preventing more mining companies from integrating renewables into their power mix. The first is the upfront capital investment. For example, 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 that renewable energy is free, it’s just really, really expensive on the first day,” joked Robert Lydan, the director of solar and wind at Hatch, in his session on integrating renewables. Lydan and multiple speakers in other sessions pointed out that most companies would prefer to allocate capex to mining activities rather than to a power project with a large initial price tag. The second cost challenge is the conflict between mine life and power project life. Wind and solar farms, with life spans of roughly 20 years or more, can outlast many deposits by a considerable margin, making the

economics of renewable projects appear uneconomical, especially if the mine would be the sole user of the power project. Some speakers suggested the solution lies in innovative power purchase agreements (PPAs). One example is the recently signed agreement between Rame Energy and Mandalay Resources, highlighted at the conference, for three recycled 600-kilowatt wind turbines to help reduce the reliance on diesel at Mandalay’s Cerro Bayo underground mine in southern Chile. (The turbines were previously used in Europe but are durable enough to continue working in Chile.) Cerro Bayo’s estimated mine life is five years, while the wind farm

is expected to last 20. Rame and Mandalay handled the challenge by agreeing on a PPA that would see Mandalay pay Rame a fixed price for access to wind-generated power for five years, with an option to renew afterward. If, however, Cerro Bayo’s life is not extended, Rame will remove the wind turbines. Others see long-lasting renewable power projects as a chance to leave a positive legacy in isolated communities that previously had no grid connection. “Within these communities, many of them being remote, energy is, in itself, an issue,” Lydan said. “That [renewables] can support the communities that these mining projects are situated in is an enormous value.” CIM

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

Last June the newly elected Liberal government of Quebec announced it was putting aside a $20-million package in its budget to finance a feasibility study for a new rail line between PointeNoire near Sept-Îles, Quebec, and the Labrador Trough. The plan has since gathered momentum with the October announcement that Champion Iron had joined the government of Quebec and Adriana Resources to form the Société Ferroviaire du Nord Québécois (SFNQ), a limited partnership that will look into the viability of a multi-user railway. This is one of a number of initiatives that comprise the reinvigorated, if more modest, Plan Nord. Champion has good reasons to push for a direct line to the port rather than negotiate access to the existing Quebec North Shore and Labrador Railway (QNS&L), the Iron Ore Company of Canada-owned common carrier that currently services the area. “We don’t want to go to the IOC port in Sept-Îles, we want to connect to Pointe-Noire,” said Suzie Kim, corporate communications and public relations at Champion. The company has already reserved 10 million tonnes of capacity at the new multi-user wharf in Pointe-Noire, which should be fully commissioned by 2015. Besides, an agreement with QNS&L would be “too costly,” said Kim. The company’s inkind contribution to the feasibility study will consist of $6 million worth of sunk costs from its own transportation studies. Although no timetable for the project has been announced yet, it has already been decided that the SFNQ feasibility study will take a phased approach. Phase 1 will look into the viability of a multi-user railway from the Pointe-Noire multi-user wharf to the Fermont area of Quebec, where Champion has its Fire Lake North iron ore project. Only if this first segment is economically viable would an 32 | CIM Magazine | Vol. 9, No. 9

Valerian Mazataud

By Antoine Dion-Ortega

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

extension of the railway further north be considered in Phase 2. The second portion of the line would go all the way to Adriana Resources’ Lac Otelnuk iron project in Nunavik, Quebec, some 170 kilometres (km) north of Schefferville. This phased approach certainly helped persuade Adriana to join in. The company decided not to participate in CN’s feasibility study of a similar railway proposed in August 2012, partly because it was designed for a single line going all the way to Lac Otelnuk, according to Allen Palmiere, president and CEO at Adriana Resources. CN’s project had not planned for enough capacity to allow for the output from Lac Otelnuk, which could reach up to 50 million tonnes per year. “They weren’t in a position to include our tonnage in their volumes, and without our tonnage, they didn’t have a viable railway,” said Palmiere. “The tonnage that is necessary for a railway to be economically viable is roughly 80 million tonnes, which they didn’t have.” CN ended up dropping the project in February 2013.

A piece of a larger puzzle The SFQN is only one piece of the so-called Plan Nord 2.0, a milder version of the original Plan Nord, which was launched in 2011 by former Quebec premier Jean Charest but hobbled by a change of government and falling commodity prices. The initial plan was supposed to generate $80 billion in private and public investment over 25 years, create or secure 20,000 jobs, and bring $14 million in benefits to government coffers. Much less ambitious, the Plan Nord 2.0 focuses on a 2015– 20 timeline. Besides the SFQN, the government set aside $63 million in its 2014–15 budget for its Plan Nord Fund to fix Route 389 to Fermont and the James Bay Road to Radisson, and to extend Route 138 on the North Shore beyond Kegashka – all of which serve key areas of Plan Nord territory. The budget also included $1 billion set aside for the Capital Mines Hydrocarbons Fund to finance future venture investments in oil and gas and mining projects, and $100 million for the training of skilled labour in northern and aboriginal communities.

RÉSERVEZ CES DATES

SYMPOSIUM 2015 • ROUYN-NORANDA SUR L’ENVIRONNEMENT ET LES MINES MINES AND THE ENVIRONMENT

L'Université du Québec en Abitibi-Témiscamingue (UQAT) et l'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 et environnement (IRME) UQAT-Polytechnique, l'Unité de recherche et de service en technologie minérale (URSTM), et de nombreux acteurs des gouvernements et des entreprises minières.

Les objectifs du Symposium visent à partager les connaissances les plus récentes et à discuter des expériences pratiques afin de « trouver des solutions pour concilier rentabilité et 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 Pour plus d’information, contactez : Nadia Bakka (ICM) : 514-939-2710, x. 1333, nbakka@cim.org

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

ROUYN-NORANDA2015.CIM.ORG

news

These initiatives are currently going through the legislative process. Bill 11 was submitted on Sept. 30 by the minister of energy and natural resources,

Pierre Arcand, to set up the Société du Plan Nord (SPN), which would act as a facilitator for territories in Quebec north of the 49th parallel. Its mandate would

EDITORIAL CALENDAR

2015 FEBRUARY Hot prospects: A focus on exploration and development MARCH/ Energy management: APRIL Getting the most for your kilowatt-hour is more important than ever MAY Management strategies: Unlocking the potential inside each person JUNE/ Names to know 2015: JULY Movers and shakers that are making waves in the business AUGUST/ The oil sands edition: SEPTEMBER It’s anything but business as usual in Canada’s largest export industry OCTOBER Mineral processing: Good business depends on knowing your surroundings NOVEMBER Environmental performance: Good business depends on knowing your surroundings DECEMBER/ Outlook 2016: JANUARY Perspectives for success in the next 12 months

Airborne surveying

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Open pit management

Process monitoring

Underground mining

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Milling

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magazine.cim.org 34 | CIM Magazine | Vol. 9, No. 9

be to coordinate the development of natural resource projects in this region and to ensure they are consistent with the government’s long-term vision. “The SPN will act as a one-stop shop for mining companies,” said Jean Masson, associate at Fasken Martineau. “It is currently difficult to develop in northern regions because mining companies must knock at many doors to get their permits, and there are many inconsistencies between the different ministerial policies. Projects thus take too long before being approved.” The SPN will get its financing through the Plan Nord Fund, which will be mostly funded with income taxes and charges resulting from the exploitation of natural resources in the North, as well as an annual $10 million contribution from Hydro-Québec until 2017. The SPN will have to submit its strategic plan with goals and deadlines for approval by the government. But before that, it will have to consult its shareholders assembly, which will include northern and aboriginal communities. No timetable has been introduced yet. Finally, the provincial budget plans on a $50-million investment in Gaz Métro to help expand its liquified natural gas plant in Montreal, which is aimed at supplying mining projects in the northern regions. Quebec Premier Philippe Couillard was swift to promote the Plan Nord 2.0 in person in China at the end of October. He even managed to meet with the Chinese minister of land and resources, Jiang Daming, who committed to spreading the word about the development initiative with the Chinese business community. The government is clearly betting on a recovery of the iron ore market, which has been slowing down in recent years. “We are dressing up nice for when the prices go up again,” said Masson. “We will need to attract Chinese and Indian investors.” CIM

news

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

En juin dernier, le nouveau gouvernement libéral du Québec a annoncé qu’il allouerait 20 millions $ de son budget au financement d’une étude de faisabilité relative à la construction d’une nouvelle ligne de chemin de fer entre Pointe-Noire, près de Sept-Îles, et la fosse du Labrador. Le projet a pris de l’ampleur en octobre, lorsque la société Champion Iron Ltd a annoncé qu’elle se joignait au gouvernement du Québec et à Adriana Resources pour former la Société ferroviaire du Nord québécois (SFNQ), une société en commandite qui étudiera la viabilité d’un chemin de fer multi-usager. Mais ce n’est là que l’une des nombreuses initiatives prévues par le nouveau Plan Nord. Champion Iron Ltd a toutes les raisons d’insister pour obtenir un accès direct au port de Pointe-Noire plutôt que de négocier auprès de la Compagnie minière IOC un accès à son chemin de fer, le transporteur public Quebec North Shore and Labrador (QNS&L), qui dessert la région. « L’accès au port d’IOC à Sept-Îles ne nous intéresse pas, nous voulons être directement reliés au terminal de PointeNoire », expliquait Suzie Kim, chargée des communications corporatives et des relations publiques chez Champion. La société a déjà réservé une capacité de transbordement de 10 millions de tonnes au nouveau quai multi-usager de PointeNoire, qui devrait être totalement opérationnel en 2015. De plus, une entente avec QNS&L s’avèrerait « trop coûteuse », ajoutait Mme Kim. La contribution en nature de la société à l’étude de faisabilité se chiffrera à 6 millions $ de coûts irrécupérables tirés de ses propres études sur le transport. Bien qu’aucun calendrier n’ait encore été annoncé, il est déjà convenu que l’étude de faisabilité s’étendra sur deux phases. La phase I se penchera sur la viabilité d’un lien ferroviaire multi-usager du quai de Pointe-Noire à la région de Fermont, au Québec, où Champion souhaite développer son projet de mine

Valerian Mazataud

Par Antoine Dion-Ortega n’était pas viable », indiquait M. Palmiere. « Le tonnage nécessaire pour qu’un chemin de fer soit économiquement viable est d’environ 80 millions de tonnes, ce dont le CN ne disposait pas. » Le CN a fini par abandonner le projet en février 2013.

La pièce d’un plus grand puzzle

La société ferroviaire du Nord québécois examinera la viabilité d’un chemin de fer multi-usager entre SeptÎles et la région de Fermont, au Québec, où se trouve le projet Fire Lake North (photo ci-dessus) de Champion Iron Limited.

de fer Fire Lake North. La phase II ne sera envisagée qu’à condition que ce premier segment soit économiquement viable. Ce deuxième tronçon de la ligne se rendrait jusqu’au projet de mine de fer de Lac Otelnuk d’Adriana Resources, dans le Nunavik, à quelque 170 kms au nord de Schefferville. Ce sectionnement par phases a indéniablement contribué à convaincre Adriana Resources de se joindre à l’étude. La société avait décidé de ne pas participer à l’étude de faisabilité lancée par la Compagnie des chemins de fer nationaux du Canada (CN) en août 2012 pour un projet similaire, en partie parce qu’elle envisageait une seule ligne menant à Lac Otelnuk, expliquait Allen Palmiere, président et directeur général à Adriana Resources. La capacité prévue au titre du projet du CN ne permettait pas d’inclure la production de Lac Otelnuk, qui pourrait atteindre 50 millions de tonnes par an. « Le CN n’était pas en mesure d’inclure notre tonnage dans ses volumes, et sans notre tonnage, son projet ferroviaire

La SFNQ ne constitue que l’une des nombreuses initiatives du Plan Nord 2.0, une version moins virulente du Plan Nord initial lancé en 2011 par l’ancien premier ministre Jean Charest, mais dont l’élan avait été freiné par le changement de gouvernement et la baisse des prix des métaux de base. Le plan initial était censé générer des investissements privés et publics de 80 milliards $ sur 25 ans, créer ou consolider 20 000 emplois et renflouer les caisses de l’État grâce à des retombées de 14 millions $. Moins ambitieux, le Plan Nord 2.0 table sur un calendrier plus court, de 2015 à 2020. Outre la SFNQ, le gouvernement réserve 63 millions $ de son budget 2014-2015 pour le Fonds du Plan Nord, somme qui servira à la réfection de zones importantes visées par le Plan Nord, à savoir la route 389 vers Fermont et la route de la baie James vers Radisson, ainsi que le prolongement de la route 138 au-delà de Kegaska, dans la municipalité de la Côte-Nord. Le budget réserve également 1 milliard $ au fonds Capital Mines Hydrocarbures, qui servira à financer d’éventuels investissements à risques dans les projets miniers, gaziers et pétroliers. Enfin, 100 millions $ seront alloués à la formation d’une main-d’œuvre qualifiée dans les communautés nordiques et autochtones. Ces initiatives sont actuellement soumises à toutes les étapes du processus législatif. Le projet de loi 11 a été déposé le 30 septembre par le ministre de l’énergie et des ressources naturelles Pierre Arcand pour mettre sur pied la Société du Plan Nord (SPN), qui tiendra lieu de facilitateur dans les territoires December/Décembre 2014 • January/Janvier 2015 | 35

news

québécois au nord du 49e parallèle. Sa mission consistera à coordonner le développement de projets portant sur les ressources naturelles en s’assurant

qu’ils sont conformes à la vision à long terme du gouvernement. « La SPN servira de guichet unique pour les sociétés minières », expliquait Jean Mas-

CALENDRIER RÉDACTIONNEL

2015 FÉVRIER Zones prometteuses : pleins feux sur l’exploration et le développement MARS/AVRIL La gestion de l’énergie : exploiter au mieux vos kilowattheures est plus important que jamais MAI Stratégies de gestion : libérer le potentiel caché en chacun de nous JUIN/ Les noms à JUILLET connaître en 2015 : des personnes influentes qui font bouger le secteur

Levé aéroporté

Logistique

Les progrès en matière de flottation

Construction de projet

Équipement souterrain

Éducation & formation

Communications

Entretien

AOÛT/ Édition consacrée aux Gestion SEPTEMBRE sables bitumineux : de la flotte la plus grande industrie d’exportation du Canada sort vraiment de l’ordinaire OCTOBRE Minéralurgie : au cœur de la transformation des roches en richesses NOVEMBRE Performance environnementale : le succès de vos activités dépend de la connaissance que vous avez de votre environnement DÉCEMBRE/ Perspectives 2016 : JANVIER perspectives de réussite pour les 12 mois à venir

Exploitation à ciel ouvert

Surveillance des opérations

Exploitation minière souterraine

Dosage & test

Fraisage

Modélisation en 3D

Technologies de l’information

magazine.cim.org/fr-ca 36 | CIM Magazine | Vol. 9, No. 9

son, associé à Fasken Martineau. « Dans le contexte actuel, il est difficile de développer des projets dans le Nord ; en effet, quand une compagnie minière souhaite réaliser un projet, elle doit se démener pour obtenir les permis nécessaires et se trouve souvent confrontée aux incohérences entre les politiques des différents ministères. Les approbations des projets prennent souvent trop de temps. » La SPN sera commanditée par le Fonds du Plan Nord, qui sera lui-même financé par les impôts et les taxes sur le revenu générés par l’exploitation des ressources naturelles dans le Nord, auxquels viendra s’ajouter une contribution annuelle d’Hydro-Québec de 10 millions $ jusqu’en 2017. La SPN devra déposer une demande d’approbation de son plan stratégique, contenant objectifs et échéanciers, auprès du gouvernement. Elle devra toutefois consulter son assemblée des partenaires au préalable, qui inclura les communautés nordiques et autochtones. Aucun calendrier n’a encore été présenté. Enfin, le budget provincial table sur un investissement de 50 millions $ dans Gaz Métro pour soutenir le développement de son usine de gaz naturel liquéfié à Montréal, destinée à approvisionner les projets miniers des régions nordiques. Le premier ministre Philippe Couillard aura été prompt à promouvoir son Plan Nord 2.0 en personne lors de son séjour en Chine à la fin du mois d’octobre. Il est même parvenu à obtenir une rencontre avec le ministre chinois des terres et des ressources Jian Daming, lequel s’est engagé à faire passer le message auprès de la communauté des affaires chinoise. Le gouvernement mise clairement sur une reprise du marché du minerai de fer, qui connaît un ralentissement ces dernières années. « Nous disposerons d’une stratégie attirante au moment où les prix remonteront », indiquait M. Masson. « Nous aurons besoin d’investisseurs de Chine et d’Inde. » ICM

MARK YOUR CALENDAR

SYMPOSIUM 2015 • ROUYN-NORANDA MINES AND THE ENVIRONMENT SUR L’ENVIRONNEMENT ET LES MINES

The Université du Québec en Abitibi-Témiscamingue (UQAT) and the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), invite you to Rouyn-Noranda, Québec, Canada, to attend the Symposium 2015 on Mines and the Environment, from June 14 to 17, 2015.

The Symposium is the result of collaboration between the Research Institute on Mines and Environment (RIME) UQAT-Polytechnique, the Unité de recherche et de service en technologie minérale (URSTM) and many actors governments and mining companies.

The objectives of the Symposium are to share recent knowledge and research developments and to discuss common practices to find solutions that reconcile profitability and environmental 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

For more information, contact: Nadia Bakka (CIM): 514-939-2710, x. 1333, nbakka@cim.org

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

ROUYN-NORANDA2015.CIM.ORG

FINANCE

Where did all the gold money go? BY DOUG POLLITT

old investors are a pretty unhappy bunch these days. The pullback in both the price of bullion and gold shares has seen many people lose a lot of money. But what might be more disheartening yet is that – over the course of the great bull market between 2000 and 2013, when gold went from US$250 per ounce (oz) to US$1,900/oz at its height – many of these same people did not make money then either. There has been no shortage of explanations as to why gold shares performed so poorly. Some say exchange-traded funds (ETFs) drew money away while others point to cost-push inflation. But none of these withstand scrutiny. Instead, what

The billions and billions of dollars’ worth of investment in the sector triggered no supply response at all. we find is that there is something inherently structural to today’s gold sector that mitigates profits for investors in this space. We can get some perspective if we look at what happened in oil and base metals, two sectors that also enjoyed a strong bull market in their respective underlying commodity prices during this time. Here, industry also had to contend with rising input costs and tight labour conditions, but unlike gold, shares in oil and base metals did provide investors with solid returns. The secret behind the better performance of oil and base metal shares is not difficult to discern – the financial performance of these companies, as expressed in retained earnings and dividends, also did well. The same cannot be said of gold companies, whose underlying performance fared about as well as the shares did: not well at all. So gold shares underperformed; and it was not because ETFs “sucked money away” but simply because the gold mining industry was a poor place to do business, even with the tailwind of a rising gold price. And simple input cost inflation cannot be cited as the reason, with the counterexamples of oil and base metal companies in plain sight. The gold space, as an asset class, has macroeconomic characteristics distinct from other asset classes like stocks and bonds, and these characteristics become more attractive when the competing asset classes fall out of favour. But at the same time, gold is a tiny asset class compared to stocks and bonds. To put this into perspective, the market 38 | CIM Magazine | Vol. 9, No. 9

value of U.S. stocks is about 100 times that of gold stocks and that of U.S. bonds is about 200 times that of gold stocks. In this way, it only takes a small trickle out of such asset classes and into the gold space to be very disruptive. But what if there is no good place for this deluge of incoming capital to go? The oil business again provides insight. A lot of money also flowed into this patch: in particular into the Albertan oil sands. But here, there were opportunities to deploy capital in oil sands development projects that were sufficiently robust so as to provide investors with decent return. Recent gold investment flows, on the other hand, can be compared to trying to fill a shot glass with a pitcher full of water. (The shot glass represents the relative size of the viable gold sector and the pitcher represents financial investment.) The shot glass gets filled, but everyone else at the table gets wet. Unlike the oil sands, there were not, at the outset of the bull market, field upon field of sub-marginal gold opportunities to exploit should the price rise. The gold just was not there. Testament to this assertion is that the billions and billions of dollars’ worth of investment in the sector triggered no supply response at all. But the money flowed in anyway – lots and lots of it. And money never rests. It has to go somewhere, even if there is nowhere good for it to go. Too much money chasing too few opportunities drove down the cost of capital and this easy money led to poor investment decisions, as it always does. There will be a new cycle and when it comes, there will be much more money chasing far fewer opportunities. Deposits at producing mines are in secular decline while the drills have stopped turning. Meanwhile, six years of quantitative easing has resulted in more credit than ever. This portends very well for the gold price in the longer term. But unless the gold industry can find the discipline to resist the temptation of cheap, bountiful capital, investors should remain mindful of the lessons of the last cycle and stay cautious and discerning, as difficult as that will be. CIM

Doug Pollitt graduated from the department of mining and metallurgical engineering at McGill University in the early ’90s and spent the next decade writing software code for machine vision applications. Just as the market for technology was taking off, Pollitt opted to move downtown and become an analyst at brokerage Pollitt & Co. Inc. in the gold space, the market for which was moving in the opposite direction. He has never been a good trader. He lives with his wife and three kids in Toronto.

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RENEWABLE ENERGY

Financial innovation on renewables BY ARNOLDUS M. VAN DEN HURK

uring the commodity boom, mining companies were focused on ramping up production and investing in new capital projects to expand supply. It was a time when the income statement was the key management paradigm in mining economics. Now, however, the global mining industry has refocused on cost control and capital discipline. Investors today value firms based less on how much they mine and more on how efficiently they do so, and how well they mitigate risk. In this new scenario, nonconventional renewable energy (NCRE) sources such as biomass crops, small-hydro, geothermal plants, concentrated solar power mirrors, wind turbines or solar panels can lower energy risks in mining. Why? Because renewable facilities act as mining assets whereas business as usual (BAU) energy options such as coal, diesel and gas, and even conventional hydro, become mining liabilities. Proponents of NCRE projects need to develop new financial intelligence (i.e. knowledge of finance and

accounting principles) to better comprehend the real value of NCREs for the mining industry. This new vision shifts accounting priorities away from analyzing the value of NCREs using the income statement (and the focus on profits and losses) and instead toward the balance sheet. Similarly, the focus should shift towards “cumulative savings” by viewing BAU energy as a long-term liability and NCRE as a long-term asset. Therefore I propose the industry adopt new energy metrics and key performance indicators (KPIs) linked to balance sheets and mining business valuation. If you propose an NCRE project to many experienced mining managers or NCRE developers, often the first thing they will turn to is the income statement. Most operational managers know the income statement is where their performance is ultimately recorded in profits and losses. Here they look for any potential savings from an NCRE project and may argue that the large upfront capital investment will negatively affect the company’s credit rating.

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

columns However, if you try giving the same set of NCRE project – transforms threats into opportunities and perceived liabilfinancials to an experienced Toronto fund investor or a vet- ities into mining assets. CIM eran board member of a mining company, the first statement they will turn to is usually the balance sheet. Here van den Hurk, PhD, is the founder and CEO of r4mining.com, an they look for figures that might prove the value of renew- Arnoldus independent blog about financial innovation on renewable energy in the mining able facilities as long-term assets (which in turn could and oil and gas industry. Van den Hurk has extensive professional experience in mining engineering, finance and renewable energies. He recently increase company value), how these numbers may lead to a geology, presented his r4mining methodology at the Renewables and Mining Summit fall in the weighted average cost of capital, and how the and Exhibition in Toronto. Info @r4mining.com, www.r4mining.com. projected value of the business shows an upwards trend to eventually improve a company’s credit rating. If the projections are promising, they will allocate the upfront capex due to the attractive return on investment and the building of long-term shareholder equity. Nevertheless, at present, many NCRE project promoters at mining companies do not analyze investment opportunities using a balance sheet. Therefore they see the large initial cost The number of applications for Canadian Industry and want to avoid financing the that are delivering cost savings. upfront investment counterbalance; consequently the projects end up being abandoned. In order to accurately communicate the value renewable facilities have, everyone must speak the same language. The first step toward accurately comparing BAU energy and NCRE is The number of dollars we have saved Canadian to keep other operational variables companies with our innovative solutions. affecting the profitability of the mine constant (e.g. commodity prices, mineral ore grade and any other expenses). The second is to account for the expected increase in price for the BAU model based on international standards set by the International The number of companies that can deliver this Energy Agency. These are the fundakind of industry performance. mentals of the methodology I employ for evaluating NCRE projects. These metrics are designed to help NCRE project proponents, mine managers, investors and directors of companies Trust the Tsubaki Advantage to solve your application challenges. understand the projects they are Track cost savings and performance. Stay informed and up-to-date working on from the same point of about planned maintenance. With over 500 unique and proven solutions, we’ll have the answer you’re looking for. view. Renewable energy options in mining will grow along with the volatility of diesel prices. Demand for space and capex are the main handi800.263.7088 caps for renewables in other industsubaki.ca tries. However, in mining, space is not an issue, and financial intelligence – by developing innovative financial models such as the one described here

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December/Décembre 2014 • January/Janvier 2015 | 41

SAFETY

The safety to speak out BY ESTHER EWING

he devastating explosion of the NASA space shuttle Challenger in 1986 was witnessed by millions. Just 73 seconds into its flight, Challenger broke apart, killing the seven astronauts on-board. An investigative commission after the disaster delved into the underlying organizational and cultural issues at NASA, and determined that the structure and decision-making processes of the organization were flawed, and safety had been compromised. NASA’s problem was that its values had changed from taking the time to be “inquisitive to a fault” to “faster, better, cheaper.” When the latter prevailed, business managers shut down dialogue with engineers who kept raising issues about safety in the meetings. And make no mistake, those engineers raised tangible problems. It became psychologically and emotionally unsafe, however, for engineers to bring up these issues because they were ridiculed and overruled by their business managers. Mining today is international, and safety is just as important here as it is in space travel. Raising concerns about safety in a meeting increases safety in the field, where the stakes and health risks are higher. But different cultures have varying approaches to safety, which can cause conflict.

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One of our clients, the Canadian subsidiary of a large eastern European mining company, held safety to be paramount. However, the culture of its parent assumed that if someone got hurt on the job, they had not followed the rules. These are two widely different attitudes toward safety, even within the same company. Therefore, I propose a new approach to the culture of safety in meeting rooms founded on “Intentional Teams.” This is a team where members feel comfortable and have the communication skills to respectfully speak up about sticky issues, one that promotes a culture where safety can be a top priority. In return, these concerns must be listened to and given careful consideration. This ensures the emotional and psychological safety of everyone on the team. When team members are free to raise inconvenient or unpalatable truths, the team is more likely to face tough issues head on and solve them. On the other hand, when teams are in denial or have a culture with unnamed elephants 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 characteristics: a sense of direction for the work it must do together that is shared and compelling; flexible leadership; a performance mindset; and an inclusive culture that supports performance. Intentional Teams are disciplined, aligned and focused on goals. A World Cup champion soccer team, a Formula One pit crew, and a high-performing project team in a mining company all embody these characteristics. One of our mining clients had a situation where young, frontline supervisors in an engineering, procurement and construction management (EPCM) company found it difficult to hold older staff accountable for safety procedures. If veteran staff members took shortcuts, their supervisors were uncomfortable insisting that they follow the right processes. A manager in our client’s company noticed this reticence but when he tried to raise the issue with his counterpart in the EPCM company in a meeting, he was accused of being fussy and could not get any traction. While the safety issue was eventually addressed, it raised a red flag that the culture of the team was not fully supporting safety in the field. It all begins with the internal dynamics of the team. In a mining company where raising difficult issues is supported in the team’s culture, the chances of a problem with safety in the field are reduced because problems are discussed openly. Sometimes, good comes from bad. In one company, a heavy piece of equipment fell 1,000 metres to the bottom of a mineshaft. While no one was hurt, production at the mine was suspended and restoration was risky. An engaged, intentional restoration team got things up and running without injury and this team won its organization’s International Safety Award. CIM Esther Ewing is a co-founder and partner of Big Tree Strategies, a consulting firm for senior executives who are in charge of teams managing large capital projects that are critical to their organization’s success. Many clients of Big Tree Strategies are in the mining industry.

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CONGRESS TOURS T1: Geology of the Northeast New Territories Region of the Hong Kong Geopark T2: Danxiashan Exploration Geo-Tour T3: Exploration Geo-tour of Sai Kung South-east Volcanic Rock Region T4: The Panzhihua Fe-Ti-V deposit and Lala Fe-Cu deposit, Sichuan Province, South-West China T5: China’s Carlin-like Golden Triangle T6: Porphyry Cu and Orogenic Au Deposits in Dexing District, North-East Jiangxiang, South China T7: The Porphyry and Epithermal Systems of the Zijinshan Orefield, Shanghang, Fujian T8: Palaeozoic Porphyry Copper Deposits of the Gurvansayhan Arc, South Gobi Region of Mongolia

CONGRESS WORKSHOPS W1: Geology, Mineral Deposits, and Exploration in China W2: Regional Metallogenic to Local Controls on Circum-Pacific Gold and Copper Deposits W3: Skarn Deposits W4: Portable X-ray Fluorescence (pXRF) Technology W5: 21st Century Structural Geology for Exploration and Mining: From Cores to Drones W6: Lessons Learnt from Auditing Mineral Resources Estimates – A Guide to Best Practice

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Courtesy of Hatch

Ironstone and Hatch develop metallurgical key New chloride segregation process could open up oolitic iron reserves around the world By Chris Balcom

Workers at the Hazen demonstration plant magnetically separate metallic iron produced by chloride segregation.

n innovative process to develop the Clear Hills iron/vanadium deposit in northwestern Alberta has the potential to unlock more than 300 billion tonnes of iron trapped in similar oolitic ore deposits across the globe. While oolitic iron deposits are abundant in several countries including China, Algeria, Russia, and Canada, they have been impossible to exploit on a commercial scale. Ironstone Resources Ltd. and Hatch Ltd. are hoping to change all this with a new iron beneficiation technique to produce direct reduced iron (DRI) from oolitic deposits: the Hatch-Ironstone Chloride Segregation process (HICS). Ironstone Resources was founded and incorporated in 2007, with the aim of developing the enormous potential at Clear Hills, which it acquired that same year. The deposit had previously undergone extensive exploration and drilling in the 1950s and early 1960s, but has been sitting idle for nearly 50 years. In the 1960s and 1970s, the Alberta Research Council (ARC) even looked into chloride segregation as a means of opening up the resource and patented some of its advances (e.g., the “Grain Enlargement Process”). However, that research never made it out of the lab. As Ironstone CEO Barry Caplan explains, developing the deposit simply did not make financial sense at that time: “In those days, with iron concentrates selling for $30 a ton, it didn’t prove to be economic, because a lot of these rich iron deposits in Australia and Brazil came on stream and precluded commercial development in Clear Hills.” Aware of the previous research and the now-expired ARC patents, Ironstone was able to collaborate with the original researchers, and former project leader Ed Bertram was hired as an advisor early on. Ironstone then went searching for partners to help develop a commercial process, eventually selecting Mississauga-based Hatch in early 2011.

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

While chloride segregation techniques have been developed with various degrees of success at small lab-scale for lateritic nickel deposits, adapting the technology to iron is a significant and innovative step. As Victor Hernandez-Avila, a process specialist with Hatch, points out, the obstacles to commercial development have revolved around the technical process rather than the chemistry. “[The issue] was not so much about the chemistry, as [it was] the commercial implementation of such a chemistry,” he explains. A paper presented at this year’s Conference of Metallurgists and co-authored by Hatch and Ironstone employees, reiterates this point, noting: “There is considerable understanding of the basic chemistry and thermodynamics of the chloride segregation process. The implementation of such knowledge into developing a commercial process to extract [nickel, copper or iron] has proved to be challenging.”

The challenge with oolitic deposits Aside from occasional experimental forays, most oolitic iron deposits have been left alone, and for good reason. The deposits have a number of challenging characteristics that make traditional methods of iron beneficiation (or even direct reduction) inadequate in several respects. First, the low concentration of iron and relatively high levels of silica and phosphorous render standard techniques unfeasible. The mineralogy of oolitic iron is often non magnetic and therefore cannot be concentrated by magnetic separation. Second, the minerals that do contain iron are extremely fine and randomly scattered among ooids, so even after the micro-grinding necessary to separate them is completed they cannot be concentrated by flotation. Third, a significant fraction of phosphorous is part of the iron-bearing crystal itself, so mechanical means

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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 too high,” sums up Hernandez-Avila.

The solution HICS is a pyrometallurgical process capable of turning iron ore into at least a 90 per cent metallic iron product through direct reduction. The process revolves around forming an iron chloride, vapourizing the iron and leaving behind the phosphorous and waste (which may contain other economic minerals such as vanadium). Then, a reaction with carbon (through added coal) reduces the iron chloride into metallic iron. Eighty per cent of the HICS process involves conventional DRI technology. Indeed, the first two of the five HICS stages, ore preparation and calcination, rely entirely on conventional technology and the waste heat of later stages. The third stage, described as “the heart of the process” by Liam Murphy, a geologist with Ironstone, is the chloride segregation itself, and he says it involves some custom equipment including a specially designed kiln. Once the iron has been transformed into its metallic form, it is concentrated by magnetic separators in the fourth stage (at which point byproducts such as vanadium can be extracted from the remaining tails). In the final stage it is agglomerated into hot briquetted iron. With Hatch leading the way, the partners have been working with two testing plants in the United States: Hazen Research in Golden, Colorado, and FLSmidth in Bethlehem, Pennsylvania. So far, HICS has been demonstrated at a continuous laboratory scale, and testing recently concluded at Hazen, processing at four kilograms per hour (kg/h). The outcomes have been encouraging so far, Hernandez-Avila says: “We got very good results there.” They are now planning to move to the FLSmidth facilities to begin some pilot testing on commercially scalable equipment. In the coming year, they aim to ramp up to testing to 100 kg/h. With that under their belt, they intend to attract more investment and demonstrate the process on a commercial scale at a demonstration pilot plant just south of Clear Hills, in Hines Creek, Alberta. So far around $30 million has been invested in the project, and another $50 million will be needed through the demonstration phase. Total capital expenditure estimates to begin production at Clear Hills, which Ironstone hopes to have operational within the next five years, stands at $1.75 billion.

aims to put out 2.5 million tonnes a year at full production of hot briquetted iron, a scrap metal-like product that sells for roughly $450 a tonne today. The company could also produce up to 20 million pounds of vanadium pentoxide each year in either flake or electrolyte form, making Ironstone one of the largest vanadium producers on the continent. Furthermore, the Ironstone team hopes to capture enough waste heat to sell as much as 500 megawatts of power back to the grid and use it to power its own operations. There is also a coal deposit practically on site that could potentially allow for further savings, as coal is a necessary input for the process. “We will have a very profitable venture here because we’re able to reduce our operating expenses, and we’re able to sell two very high-value products,” says Caplan. Of course, Ironstone and Hatch plan to license the process, with Hatch leading the marketing push. They have agreed to share the HICS intellectual property rights 50:50, while FLSmidth will own the rights to any custom equipment developed by them for the process. The companies have already initiated a discussion with some interested parties and expect things to really take off once commercial-scale testing is completed at FLSmidth. “We’re quite encouraged by the level of work, and we’re very impressed with the results to date,” says Caplan. “I think it’s fair to say that [Hatch has] gone beyond what our early expectations were.” CIM

Economics Given the current low price of iron, it may seem like an odd time to invest in such a technology. But Hatch and Ironstone are thinking long term and want to be ready when the good quality iron ore deposits run out, at which point more challenging deposits will come into play. “If we don’t work at it now, we won’t have the right technology to process the resources when they are depleted,” Hernandez-Avila explains. As far as the Clear Hills deposit goes, Ironstone is confident in the profitability of the project for a number of reasons. The mine has a minimum of 50 years of production, and Ironstone December/Décembre 2014 • January/Janvier 2015 | 45

Courtesy of MetSoc of CIM

Step change vs. operational excellence Metallurgy debate hopes to spark wider discussion

From left to right: Michael Agnew, Philip Mackey, Jean-François Turgeon, Nils Voermann and COM 2014 conference chair Boyd Davis

By Ian Ewing

friendly but vital debate took place at the plenary discussion at the recent Conference of Metallurgists 2014, held in Vancouver from Sept. 28 to Oct. 1. Four metallurgy industry experts tackled the question of whether companies are better served by striving for operational excellence – making small changes to tweak current plant designs and processes – or pursuing technological step changes. As Boyd Davis, the COM 2014 conference chair and debate convener (as well as president of Kingston Process Metallurgy), put it in his opening remarks, “This is especially current given the number of large capital projects that have experienced significant cost overruns this decade.” That track record, he noted, has prompted companies to turn inwards for revenue increases through operational improvements instead of investing in capital projects or new technologies. But how will this reaction affect the long-term success of the industry? Nils Voermann, the global managing director of technologies at Hatch, and Jean-François Turgeon, executive vicepresident of Tronox, argued the value of technological step change. For the operational excellence side were P.J. Mackey Technology 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 technology are not opposed to the idea of operational excellence, they argue that there are limits to what it can achieve. “Only new technology can enable a significant step change in productivity, financial performance or environmental performance,” notes Voermann. Operational excellence: Mackey and Agnew concede that huge leaps in performance will require new gadgets, but note that a poorly run plant is in no position to attempt using new technology anyway. “Operational excellence is a prerequisite to the evaluation of options before implementing change,” read one of Mackey’s slides. “At the very least,” adds Agnew, “it provides a solid baseline to evaluate options and is essential for a smooth implementation of change.” 46 | CIM Magazine | Vol. 9, No. 9

Competitive environment Step change: “Our colleagues in the Far East are much less afraid of new technology – trying new things, and if it doesn’t work, fixing it and getting on with life,” says Voermann. “We work in a competitive environment, and we have to think about what others are doing and make sure we’re technologically ahead.” Operational excellence: A lack of step changes is not what is holding back many operators. Plants must renew their assets, even ahead of step changes, says Mackey. Equally important, he notes, are renewing the skills of the workers: “It’s disappointing that some of the new owners of plants in Canada don’t seem as interested in getting their operators to conferences.”

Time pressure Operational excellence: The timeline to development is an important issue, argues Agnew. “It’s difficult with a cyclic industry like ours to maintain an initiative [like speeding technological development]” for 10 or 20 years. And new technology, even if it does eventually work, can take a long time to ramp up. Improving operational excellence, on the other hand, follows a relatively simple set of guidelines and principles that can be implemented at minimal cost and nearly immediately. “As a shareholder, wouldn’t you like to read in the annual report: ‘The EBITDA of our company increased due to operational improvements at the plant and higher 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 bottom of the cycle is in R&D.” At the top of the cycle, he says, when you are flush with cash, you cannot suddenly spend more in R&D and expect a proportional return on investment. “You better invest with a stable base in R&D. If you kill it when you’re in a down cycle, you destroy your business. Yes, it’s difficult, but if we want to have successful businesses, we have to believe in it.” It does take a long time to implement and scale up new technologies, says Voermann, adding, “Therefore the process has to be started now if it’s to happen in 10 years.”

Risk Operational excellence: A major reason companies hesitate to invest in new technology is the risk of failure after spending millions of dollars on a wrong-headed research project. â&#x20AC;&#x153;We see people get wide-eyed about some chemistry or some physical thing,â&#x20AC;? notes Boyd, â&#x20AC;&#x153;but they spend too much time focused on that one element, without looking at the big picture early enough.â&#x20AC;? Step change: People fear long and uncertain schedules, blown budgets and uncertainty about the benefits, agrees Voermann. â&#x20AC;&#x153;Risk can be managed, though,â&#x20AC;? he says. Looking at the track records of individual projects, he explains, the data demonstrates the importance of risk mitigation, not that new technology should be avoided. â&#x20AC;&#x153;The risk has to equal the reward, but if we just assume that all risk is to be avoided, we will stay stuck where we are with 100-year-old technology,â&#x20AC;? he contends. Turgeon points out that good project management, like using a stage-gate approach, can help ensure money is spent wisely.

Directing the talent Operational excellence: Attracting and keeping key staff are the most important things a plant can do to achieve operational excellence, says Mackey, who recently visited several plants around the world and is now reporting on his findings. He says maintaining a high level of training, upgrading old equipment, and doing energy audits can all minimize long-term costs and maximize a plantâ&#x20AC;&#x2122;s operating factor. Step change: Tronoxâ&#x20AC;&#x2122;s pigment plant in Hamilton, Mississippi 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 company prepares itself for the future, says Turgeon: â&#x20AC;&#x153;What can we do differently to really change the dynamic, change the position of the facility, to make sure the plant will be there in 10 years?â&#x20AC;?

In conclusion All four experts agreed that a balance is needed between the two strategies. â&#x20AC;&#x153;People might be thinking that operational excellence is the default position and happens when we do nothing, all by itself,â&#x20AC;? points out Agnew. â&#x20AC;&#x153;Thatâ&#x20AC;&#x2122;s not the case. You have to work hard at it.â&#x20AC;? But, Mackey adds, â&#x20AC;&#x153;You would, if you were smart, [also] do some R&D.â&#x20AC;? He hopes the climate in industry will swing back to renewed investment in R&D because if it does not, he expects to see western plants close as companies fall behind their global competitors. The debaters were also in agreement about the ideal funding model for research, settling on joint industry and government initiatives. â&#x20AC;&#x153;Government has figured out recently that research and staying ahead in technology is a competitive advantage for Canada, and that some of the tax dollars that mining companies pay should be reinvested in that,â&#x20AC;? says Voermann. â&#x20AC;&#x153;But if the government funds it alone, you can get off track. To have industry literally buy in is a good way of doing it.â&#x20AC;? CIM

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Courtesy of Kingston Process Metallurgy

Processing refractory ores gets easier with new equipment KPM develops two-inch fluid bed roaster By Ian Ewing

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

ollaboration between Kingston Process Metallurgy (KPM) and Barrick Gold has resulted in the development of a two-inch continuous fluid bed roaster that should allow inexpensive testing of small ore samples, 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 evaluate 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 Metallurgists 2014, the company describes two testing campaigns that show their new equipment can both obtain results representative of production-scale roasters and help optimize the process parameters for unique ore compositions. Each test run, meanwhile, consumes as little as a few hundred grams of sample material, making testing faster and cheaper. “We wanted to find a process that would give us more scalable results, use less sample, have a faster turnaround time, and a lower cost,” says Peter Lind, manager of the Barrick Technology Centre in Vancouver, describing why his company was interested in developing effective smaller-scale testing technology. “We want to test 100 samples of the ore body, instead of one big composite where all our uncertainty is focused on that one sample.”

Refractory ores One of the major challenges to economically recovering gold from many ore bodies is the presence of certain impurities, like sulphides, organic carbon or arsenic, which can make the ore resistant to normal processing techniques like cyanidation and carbon adsorption. These so-called refractory ores require pre-treatment to allow effective recovery of the gold. During roasting, a common pre-treatment method, finely milled ore is exposed to oxygen at high temperatures. Chemical reactions take place between the gas and the solid 48 | CIM Magazine | Vol. 9, No. 9

refractory ore, converting the impurities within the ore into gaseous compounds, such as sulphur dioxide, carbon dioxide and arsenic oxides, which are released from the rock and expelled from the roaster, leaving behind ore that can be easily processed by standard methods. “The idea during the roast is to find a condition where we can remove the arsenic and remove the carbon without causing any other problems,” explains Roy. “If you just heat it up and aren’t careful with what you do, you will form some arsenic minerals that will be stable in the ore, and then you cannot extract your gold.” The right treatment can increase gold recovery to upwards of 90 per cent. But the wrong treatment – at too high a temperature or with too much oxygen – can cause unwanted solid compounds to form in the ore, limiting gold recovery to as little as 10 per cent or less. Finding the right treatment has not traditionally been cheap. Production-scale roasters, which may measure upwards of 10 feet in diameter and stand several storeys tall, should not be used for testing and development. Pilot roasters, typically six to eight inches in diameter, consume hundreds of kilograms of ore to perform a single test. Running optimization tests quickly becomes prohibitively expensive or even impossible, if the source material is drill core samples from a prospective site. Until now, the alternative was to use bench-scale batch rotary roasters, although they are known for giving highly variable results when treating arsenic-rich ore, most likely due to imperfect gas-solid mixing in the roaster and lack of accurate control of the test parameters. “People were doing small-scale batch roasting in rotary reactors,” says KPM project leader Trevor LeBel, “but nobody would really trust it for arsenic containing material because you could do it three times and get three different results.” An alternative is to use a small-scale, two-inch fluidized bed reactor, in which gas is blown upwards through a bed of

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fine particulates, causing the solid particles to behave much like a fluid. Fluid bed reactors, more than batch rotary roasters, generate good gas-solid mixing and allow for good control of the key process parameters. This was previously attempted in other laboratories, but without meeting expectations. KPM was challenged by Pascal Coursol, then with Barrick, to build and demonstrate a two-inch fluid bed reactor that would reliably produce results representative of fullscale operation.

It can’t be done!… One of the main obstacles to building a small fluidized bed roaster is maintaining sufficient control of pressures and temperatures to sustain fluidization and ensure even heating. “People have done this successfully before in a roaster that was much larger than ours, like four inches or six inches in diameter,” adds Roy. “That’s better than a plant, but it still needs tens of kilos or hundreds of kilos of the ore.” When working from drill core samples from new projects, that is still too much material. If the test uses concentrate produced from flotation of drill core ore samples, the cost increases even more. “It was a question of saying, ‘It has to be possible,’” says Roy. “There’s no physical reason why it would not be possible, and we’ll make it work. But we had to prove to people that it works. We designed carefully, using a large number of instruments and controls. But you have to have ways to measure your key parameters without putting a bunch of probes directly in the bed,” which would disturb the bed and prevent fluidization. So building the bench-scale fluidized bed roaster came down to solving one fairly prosaic problem: How do you include all the necessary instrumentation in a two-inch-wide chamber?

…Or can it? The answer was not anything revolutionary: persistence and creativity. Careful consideration of the possible configurations – and several rebuilds, trying different configurations – eventually led KPM to success. In the tests described in its paper, the company aimed first to replicate the results that Barrick obtained in its plant-scale roasters, ensuring its base case was representative of fullscale roasting. Having reliably replicated Barrick’s results, KPM’s team then explored the conditions that would permit the best extraction of arsenic from the ore and subsequently allow the best gold recovery during normal processing. Two-phase roasting – one lower-oxygen phase to drive off the arsenic, then a higher-oxygen phase at higher temperature to burn off the remaining carbon – was found to maximize gold recovery as was expected. By succeeding at replicating Barrick’s results, Roy says, KPM has proved the mining giant can now send a small sample to test and accurately predict what the recovery rate

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

A fruitful collaboration Throughout the development process, the two companies maintained a close and complementary working relationship. Each company brought its expertise to bear – Barrick supplied its knowledge of mineralogy and hydrometallurgical processing, and the KPM team provided its proficiency at pyrometallurgical processing and the development of custom laboratory equipment. Both companies expect to benefit from 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 of projects, because there are benefits in terms of capital costs and operating costs.” “So far with this unit, most of the work we’ve done has been on gold roasting, but there are lots of other opportunities for the fluid bed to test out reactions,” adds KPM’s LeBel. “We definitely expect to gain some new business with this roaster.” CIM

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December/Décembre 2014 • January/Janvier 2015 | 49

Terry McNulty

Equal parts innovation and risk management Terry McNulty has had a meteoric impact on the minerals processing industry by Correy Baldwin

erry McNulty’s 1998 paper Managing Innovation in the Minerals Industry was a seminal work, revealing that poor plant start-up performance, even in the application of innovative technology, is usually the result of mismanagement. McNulty, who began his career at Anaconda Copper in Montana and is now a mineral processing and metallurgical consultant, has been hailed as a guru. He has presented regular revisions to his paper, updating the score sheet, as it were, of successful and unsuccessful plant start-up case studies. His latest update was at the Conference of Metallurgists 2014 in Vancouver, B.C.

CIM: What were the findings of your original paper? McNulty: I began my research in 1998 with the impression that innovation is inherently risky, and the more innovative, the riskier it was. But when I pored through the 41 case histories in our files, I found a number of examples of plants that started up very poorly, even though they used proven technologies and weren’t really innovative. By the time I began writing my findings, I had become convinced that innovation, per se, is not excessively risky if development and implementation are carried out responsibly. CIM: How did it change the way companies managed innovation? 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 the first year. If you miss any key aspects, it’s going to slow things down. And in the extreme case, you could run out of funds at the end of the first year, making your investors unhappy and, worse, putting a black eye on the mining industry and discouraging investors from participating in future projects. The first year is not going to be perfect. Delays are inevitable, so let’s just face it and try to minimize those delays so we can make the project as good as it can possibly be. 50 | CIM Magazine | Vol. 9, No. 9

The paper seemed to bring people’s thinking around. There was a broad endorsement of the notion that you can express project success by gauging the level of preparedness and the quality of decision-making information. And people started using this way of measuring risk to prioritize new opportunities 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 something new has become much more sharply focused on minimizing risk, from technological risk to financial risk. We’ve gotten a lot better at what we’re doing. Companies today want to be the second to adopt innovative technology, not the first, but overall I think they are doing a better job of managing technical risk. We’ve become a lot more realistic, and a lot more introspective and self-critical. An important part of this is Canadian National Instrument 43-101. It alone has changed the landscape an awful lot, because it has forced people to do their homework before seeking investment from the public. That has been a major factor in reducing the number of failures. If you’re going to do an NI 43-101, your senior management has to be really committed to doing it right, and that forces them to ask a lot of hard questions and to become more involved in what’s going on. CIM: You presented an updated paper at COM 2014. What were you trying to get across? McNulty: I was trying to emphasize that risk management has become an industry-wide gauge of how to evaluate opportunities and that there have been some real successes.

upfront M E TA L L U R G Y

We’ve been focusing for the last 15 years or so on how to keep a project from being a bad one. Let’s look at the other end of the spectrum, at the chances that a project is going to be really good, and how we can make it even better. We may be doing ourselves a disservice by expecting them to not be perfect. That has worked its way into how we project cash flows for new projects and how we do NI 43-101 studies. We have to be very realistic, and we have to do our homework, but we don’t want to be overly pessimistic. CIM: Your original paper emphasized the importance of pilot testing and use of contract laboratories. How significant are contract labs today? McNulty: If anything, the number of contract laboratories during the last 20 years has declined. The United States Bureau of Mines closed in 1996, and that’s where a lot of early process development work took place. That took away a technical strength that our industry had relied on for a long time. There was a time when all major mining companies had their own R&D organizations, but that all ended around 1980. They decided that they couldn’t afford that luxury, and nearly all of them eventually closed their labs, which was a real shame. CIM: Does this mean we have lost a lot of capacity? McNulty: Yes. In the mid-1990s there were maybe 1,500 to 2,000 professionals engaged in the U.S. in different technical organizations. That has diminished quite a bit. The total now is probably well under 1,000 globally.

The U.S. Department of Energy launched a similar initiative, but budget cuts closed the program. Australian companies and universities seem to be doing a pretty good job of jointly developing technologies, but that hasn’t happened at all in the United States. It’s been a big fat zero, and I’m not sure why that is. 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 has become so concerned about meeting a financial target that technology has slipped to the background. We’re taking a pretty short-range perspective on the future, and you can’t do a good job of innovating in any industry unless you encourage the development of ideas that may not bear fruit for 15 or 20 years. There are, of course, good examples of this happening, but it seems to depend on individuals or on their management. I’d also like to see the industry increasing support of universities, not so much in a financial sense, but by making more internships available for college students to work at a mining operation. CIM: What are your suggestions to those about to start commissioning a plant? McNulty: Projects in the development and design stages must be evaluated critically by outside advisors, if possible. Otherwise, in-house technical experts must be able to withstand intense questioning by senior management and their directors. Owners of projects entering the commissioning stage should recognize a marvelous opportunity for supervisors and operators to benefit from the knowledge and experience of vendors’ technical service personnel and the engineering firm’s commissioning staff. CIM

CIM: And despite this we’ve become better at managing risk? McNulty: Part of it is that we’re able to do things more efficiently now, with computing software like Metsim. We can manipulate information better now, and there’s better instrumentation available, for everything from running assays to measuring flow rates and doing material balances. CHECK OUT OUR UPCOMING CON NFERENCES We’re also seeing fewer of the mega pilot plants, because some companies Ap pril 12-15, 2015 have found that you don’t have to have a V an ncouv er, Canada big pilot plant to get good results. It has to www .minewatersolutions.com com be very well run and fully instrumented, but it can be run on a pretty small scale. CIM: You have advocated for more cooperative research development and joint efforts. Have you seen an increase in this? McNulty: In the late-1990s it looked like that was going to happen. Back then, in the U.S., the Electric Power Research Institute (“EPRI”) had made a major effort to encourage mining companies to cooperate with public utilities in technology development, but EPRI funding was withdrawn after a few years.

June 1-3, 2015 Van ncouver, Canada www.mineclosure2015.com om

Septemb ber 13-16, 2015 Reno, Nevada www.heapleachsolutions.com om

InfoMine

Conferenc ceMine.com December/Décembre 2014 • January/Janvier 2015 | 51

COMMODITY SPOTLIGHT TO GET YOU STARTED ON 2015 WE TAKE A LOOK AT 30 DIFFERENT METALS AND MINERALS. THIS SPECIAL FEATURE OFFERS A REVIEW OF THE PAST YEAR – THE GROWING TRENDS, THE UNFORESEEN EVENTS – AND EXPLORES WHAT IS ON THE HORIZON. WITH THIS SAMPLING OF MAJOR COMMODITIES AND SPECIALTY MINERALS, WE HOPE YOU WILL FIND A USEFUL GUIDE FOR THE YEAR AHEAD.

FERTILITY ISSUES It has been an eventful year for potash. The market was in turmoil for much of 2014 – the result of Russian-based Uralkali’s withdrawal from the Belarus-led cartel BPC – but today prices are up and demand has reached new heights. Paul Burnside, Potash Consultant at the CRU Group, explains that although underlying consumption is good, the surge in demand can be deceptive. “The second half of 2013 was very weak on demand because of so much uncertainty over pricing, and people preferred to draw down inventories,” says Burnside. When buyers did come back, demand was strong, but this included a lot of restocking. Actual consumption, he warns, “has responded to lower prices but is not as strong as apparent demand would indicate.” The European and North American markets are both mature, while China and India have not met expectations in recent years. The standout performer is Brazil, which is almost entirely importdependent. It is also a major producer of sugar cane and is Illustration by Christian Northeast

opening up large amounts of agricultural land with poorer soil, both activities requiring heavy application of fertilizer. A lot of new capacity is coming online. Much of this is in Canada, with PotashCorp being the most aggressive, including its newly commissioned Picadilly project in New Brunswick. “There’s been a lot of investment in building capacity, and now this new capacity is coming on stream, but the industry’s approach to pricing hasn’t promoted demand growth,” says Burnside. Consumption, he says, now must increase steadily if the market is going to absorb this new capacity. The key to curbing overproduction will be industry discipline, notes Burnside. However, the recent brine inflow that has halted production at Uralkali’s Solikamsk-2 mine will also play a role. The mine accounts for 2.8 per cent of global capacity, and it is uncertain whether the mine will have to be abandoned. While producers in North America, with their new capacity, could easily replace what has been lost, Burnside says, “Uralkali’s prognosis is likely to influence forthcoming price negotiations with China and other buyers.” – Correy Baldwin December/Décembre 2014 • January/Janvier 2015 | 53

Courtesy of HudBay

Hudbay’s Lalor zinc, gold and copper mine is 210 kilometres east of Flin Flon Manitoba.

COMING ON STRONG

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

In Europe, investors are waiting to see if the European Central Bank’s one-trillion-euro stimulus in the sluggish eurozone will shock the economy back to life. “We don’t expect spectacular growth there, but aside from near-term weakness, we see some stability in the European economies,” Dragosits says. These factors, and better growth in the U.S. in the coming years, will drive zinc demand. Courtesy of HudBay

The world’s largest zinc mines are closing and it is hard to underestimate the impact this will have on prices for the base metal. The third quarter of 2015 will see Australia’s huge Century zinc mine end production after putting out more than 455,000 tonnes this year and 488,233 tonnes in 2013. Last year Glencore wound down production at the Brunswick and Perseverance mines in Canada, taking a large share of supply with them too. “That’s the major driver why we see zinc prices moving a lot higher in the years to come,” says Mike Dragosits, senior commodity strategist at TD Securities, citing the fizzling out of other large mines in Ireland (Vedanta) and Peru. At current rates, some analysts expect 14 per cent of zinc concentrate production to evaporate before 2016. Despite production increasing in India, Mexico, and China, these projects are churning out lower grades at smaller mines. “We’re forecasting a deficit in the market over the next few years,” said Dragosits. “The anticipation of those much larger deficits in the years to come is going to move the market ahead of fundamentals a little bit,” says Dragosits. Throughout 2015, he adds, zinc will trend upwards, hitting highs just before 2016. Annual average forecast prices in 2015 sit at US$2,480 per tonne with a year-end quarterly average of US$2,513 per tonne. Zinc is currently listed around US$2,220 per tonne, with a more muted outlook in the next couple of months. Despite growth in the U.S. economy, Dragosits says, the market right now is overshadowed by the economic slowdown in both China and Europe. “China is undergoing a slowing regime kicked off by government officials positioning to put the economy on a betterquality growth track,” he says. Officials have tamped down on the property market, which will impact prices over the next few months, he adds. Dragosits’s view is that China will eventually stabilize and return to drive demand for base metals like zinc, which is used in nuclear reactors, steel, rubber and the manufacture of sunscreens and dietary supplements, as well as to preserve lumber for construction and galvanize iron.

The opening ceremonies at HudBay’s Lalor mine

Canada produces roughly 5.4 per cent of the world’s total supply of refined zinc. The country’s newest contributors are Glencore’s Bracemac-McLeod mine in Quebec, which began production in 2013, and HudBay Minerals’ Lalor mine in Manitoba, where mine construction was completed this year. In anticipation of higher prices, Canadian firms are exploring for the metal throughout the country, with a few promising – Graham Lanktree results.

SALT

THE DIFFERENCE ONE YEAR MAKES

Quinn Dombrowski

Salt miners will be hoping winter lasts well into 2015. Last year’s harsh and extended season was a boon to mining operations, which faced record demand for rock salt from municipalities struggling to deal with winter road maintenance. – Chris Balcom

TIN

When 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 wideranging reforms, which have opened up the country diplomatically and commercially, the long-isolated Southeast Asian state has positioned itself as a new frontier for the mining sector. Myanmar is expected to produce as much as 10 per cent of world tin output in 2015, selling primarily to China. – Chris Balcom

TUNGSTEN The largest tungsten mine outside of China, Cantung mine in the Northwest Territories is expected to shut down in 2015. Though Chinese tungsten currently dominates the market, non-Chinese supply is expected to grow in the coming years as developing projects enter production. One notable example is the Drakelands mine, Britain’s first new metal mine in more than 40 years. – Chris Balcom

CADMIUM Samsung’s new cadmium-free Quantum Dot TV will hit the market next year, removing the metal altogether from the cheaper technology set to challenge organic light-emitting diode TVs that cost three times as much. As the metal is phased out of many commercial electronics, prices have steadily slid for the last five years. Cadmium prices remain relatively stagnant near US$0.90/lb, down from US$0.93/lb in December 2013. – Graham Lanktree

TALC Plastics 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, Imerys Talc is expanding its production facilities in Timmins, Ontario, to increase its output and make it competitive with higher-grade imports. – Graham Lanktree

Gill Winckler can be excused for looking a little shell-shocked standing at the podium, telling the story of what has happened to her thermal coal mine in the year since she last spoke at the Coal Association of Canada’s annual conference. In 2013 the president and CEO of Coalspur Mines was busy preparing to build the company’s Vista thermal coal mine in Alberta – a project that was fully engineered, had most of its permits, and was already planning to construct a first-phase, six million tonne-per-year plant. The company had also secured about $350 million of the $500 million project cost. In September 2013, it was widely believed that the Newcastle thermal coal spot price of US$77 per tonne (US$/t) was at the bottom, having dropped 11 per cent from the year before, in turn 28 per cent off of prices the year before that. “It went south instead, and today the spot price is US$66/t,” said Winckler. “Not only is the price down, but the expectations have gone down for a few years.” This downturn in thermal coal has occurred in lockstep with metallurgical coal – a situation where prices continue to creep downwards in response to a glut. “It’s just a terrible time for oversupply in thermal coal,” lamented Wood Mackenzie coal price analyst Joe Aldina, who pointed to Indonesia as a large contributor to the thermal coal oversupply. Wood Mackenzie predicts the oversupply situation will persist through 2020, although prices will rise in 2015. So what is a company like Coalspur to do? Winckler has focused the company on adding value to the asset by creating certainty around construction costs and making mine design improvements. An ongoing strategic review is considering various options: looking to recapitalize, maybe a joint venture, or selling the asset outright. “We’ve got a project that is ready to go,” concluded Winckler. “It’s different from last year, but we know Vista will be built.” – Christopher Pollon December/Décembre 2014 • January/Janvier 2015 | 55

MAGNESIUM Last year China accounted for about 80 per cent of the global magnesium output. The metal is the world’s eighth most abundant element and is very lightweight, making it an important component in automobile manufacturing and the aviation industry. Demand for magnesium is expected to rise, driven largely by growing – Chris Balcom Chinese consumption.

TITANIUM Boeing has forecasted requiring 36,770 new planes by 2033, a projection that is up 4.2 per cent from last year. This is good news for the titanium industry, whose largest market remains the aerospace industry. Boeing is currently stockpiling titanium due to AmericanRussian tension over Ukraine, which contains important deposits of the metal. – Correy Baldwin

Airplanes are assembled at Boeing’s Everett factory near Seattle, Washington.

After years of depressed prices, aluminum saw a small upswing in 2014, a trend that is expected to continue into the new year. But while the cost of aluminum has increased, and both global supply and demand are experiencing growth, China’s massive production capabilities are putting pressure on western producers. “The growth and demand for aluminum worldwide and in China has actually been quite good for many years,” says Patricia Mohr, a commodity market specialist at Scotiabank. “It’s really a growth industry within the metal and mineral space.” In the western world market, there is an aluminum supply deficit of more than one million tonnes. Global aluminum consumption is also expected to be up seven per cent in 2014, after a 5½ per cent gain in 2013. The increase, Mohr says, is likely attributable to another year of “record global auto production.” More aluminum is being used in automobiles now to reduce their weight and to drive down fuel consumption. According to Mohr, the 2014 price of aluminum should average at 85 cents per pound, a slight improvement from 84 cents in 2013. In 2015 the average price is expected to increase further to 92 cents. “The market conditions are improving this year,” Mohr says, which is a “welcome development” for Canada’s aluminum smelters in Quebec and northern British Columbia, which produced 2.86 million tonnes in 2014. However, China’s aluminum production has presented a challenge for western producers. The country’s massive demand is considered a growth area, but with it producing just over half of the world’s aluminum this year (27.6 million tonnes of the world’s 53.7 million tonnes), there is little need for importing from other countries. “Because China thought to become self-sufficient and maintain its self-sufficiency in producing aluminum,” Mohr says, “it kind of limited the ability of western suppliers to actually export much aluminum into China.” It is also why prices have been weaker for the past few years. “But we seem to be pulling out of that, and rest-ofworld demand has been improving,” she says. “And so for aluminum producers the overall economics of supply and demand worldwide are improving.” – Kelsey Rolfe

Courtesy of Jetstar Airways

ALUMINUM

A SPARKLING SUCCESS Courtesy of Stornoway Diamonds

Junior explorerturned-developer DiaStornoway monds owns the Renard project in Quebec’s James Bay Region. Against a backdrop of diminishing diamond supplies and rising global demand, the company finalized a landmark multiparty financing agreement in April, raising a cool $946 million in a complex arrangement of debt, equity and streaming deals. The financing, from three major investors including the Quebec government, will see the company through construction of the $752 million Renard mine to cash flow-positive production (1.5 to 2.0 million carats per year) in 2017. Stornoway president and CEO Matt Manson spoke about making that deal.

CIM: How were you able to convince investors to put their faith in you, and this project, in a resource market that has seen many other, more established companies fail to attract investment? Manson: The orthodoxy in this business is that you raise a bit of equity here, a bit of debt there – you layer it on. We didn’t have that luxury. Everybody who was interested in financing our project wanted to see the complete deal. We put the effort in, over most of 18 months or two years, to negotiate all the elements of the project financing simultaneously. Half the job was getting all the people together, and the other half was doing the shuttle diplomacy to get all the pieces working. We’ve now become

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

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

CIM: As part of the Quebec’s Plan Nord, the government also built 143 kilometres of the 240-km highway extension to the mine. Would this project have gone forward without that all-season road to site? Manson: No, I don’t think so. The road defines our cost profile. We don’t have to buy all of our diesel in the fall, we don’t have to build a new winter road every year, we don’t have to store everything at site, and we don’t have to fly in our consumables. Having the road makes us a bread-andbutter Quebec mine, with a bread-and-butter cost profile and a bread-and-butter risk profile.

CIM: Do you think the province will make its $330-million investment in the road back from the profits of your mine? Manson: We have an 11-year mine life on the mineral reserve, and it’s a 20-year mine life potentially on the current resource. If that’s what we get, it’ll make it back on our mine alone. But the road wasn’t built for our mine alone. There’s a tourism agenda there, it’s important to the local communities including the Crees, and there’s a vision to extend it further north, where there are other [resource] projects. I think this is a classic example of the government thinking ahead and building regional infrastructure for the purpose of catalyzing general economic development. We’re a stepping stone that allows that to happen. – Ian Ewing

AARON REGENT’S MAGRIS RESOURCES BUYS NIOBEC Former Barrick Gold CEO Aaron Regent is once again making big waves. In a deal announced in October, his Toronto-based private equity company, Magris Resources Ltd., is taking over Iamgold’s Niobec mine in Quebec for $500 million. Aside from the niobium mine, one of only three in the world, the deal also includes a nearby rare earth deposit. Magris and its financial partners have agreed to pay an additional $30 million for this deposit if it enters production. Niobium is used primarily to strengthen steel. Barrick showed Regent the door two years ago during a difficult period for the

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

company’s share prices. His return to the mining business has seen support from noteworthy investors: Singapore’s sovereign wealth fund Temasek Holdings and CEF Holdings Ltd., a Hong Kong investment firm owned jointly by Cheung Kong Holdings Ltd. and CIBC. Regent recently told the Financial Post the Niobec deal would be the “first of many.” As far as Iamgold is concerned, the sale provides the company with some welcome cash during a difficult time for gold miners. With Niobec out of the company’s hands, Iamgold has positioned itself as a pure-play gold producer. – Chris Balcom

Courtesy of Tesla Motors

THE GIGA FACTOR Electric vehicle manufacturer Tesla Motors expects to be producing lithium-ion batteries for half a million cars a year by 2020, more than double the current global production. The batteries will be produced at Tesla’s $5-billion Gigafactory in Nevada, slated to enter production in 2017. Back in March, Tesla spokesperson Liz Jarvis-Shean told Bloomberg Businessweek the 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 dramatically increase demand for key minerals, particularly graphite, lithium and cobalt, and is already raising questions about what North American sources will be able to keep Tesla running. Tesla’s batteries will not require rare earth elements, but they will need copper, bauxite and nickel.

GRAPHITE Impact on global demand: To meet projected targets, Tesla could need roughly 126,000 tonnes of flake graphite, representing 34 per cent of the 375,000 tonnes mined in 2013. The demand for processed battery-grade material could rise by as much as 154 per cent, predicts industrial mineral analyst Simon Moores. Current production: While Tesla currently prefers to use synthetic graphite sourced from Europe and Japan rather than flake graphite from mines, the latter is cheaper. Given the company’s cost reduction goals, they may need to turn to the natural product. Where next: China is currently the leading producer and processor of mined graphite. Some analysts think Tesla may source 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 mines but produces some of the synthetic variety. – Chris Balcom

COBALT Impact on global demand: Tesla’s plans may require around 7,000 tonnes of cobalt per year. According to Industrial Minerals, this could drive up global cobalt demand by as much as 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 and currently produces around 55 per cent of global output. Preferring to avoid the DRC, Tesla Motors currently sources its cobalt from the Philippines. Where next: The United States has some cobalt reserves but it has not mined the mineral in decades. Today, Canada represents roughly six per cent of world production. Some analysts expect that Tesla may end up tapping prospective supplies in the American Midwest, alongside existing Canadian projects. – Chris Balcom

LITHIUM Impact on global demand: Goldman Sachs predicts the Gigafactory could require between 15,000 and 25,000 tonnes of lithium carbonate a year, as much as 17 per cent of current output. However, lithium suppliers are expected to accommodate rising demand fairly easily. Current production: Chile produced 64 per cent of the world’s lithium in 2013, followed by Australia at 22 per cent. Where next: There are several potential sources of North American lithium for Tesla, including Rockwood Lithium’s brine operation in Nevada, RB Energy’s shuttered hard rock mine in Quebec, and others. – Chris Balcom

December/Décembre 2014 • January/Janvier 2015 | 59

PLATINUM Vancouver-based Ivanhoe Mines received approval in November from South Africa’s Department of Mineral Resources to proceed with its Platreef project. 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 platinum mine on the African continent, due in large part to a high level of mechanization. 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 earlier in 2014, which affected more than 40 per cent of global production. Workers reached a wage deal in June. – Correy Baldwin

PHOSPHATE The European Commission has added phosphate rock to its Critical Raw Materials list. The list, first adopted in 2011, is designed to manage the European Union’s actions regarding materials considered in critical supply including encouraging production, promoting research and innovation, and informing trade negotiations. Phosphate, one of 20 such materials on the list, is an important element of commercial fertilizers and crucial to global food security. – Correy Baldwin

BHP Billiton has announced it will shed its non-core business assets, to be held under a new spinoff company called NewCo, valued at $15 billion. One of NewCo’s largest operations will be the Cannington mine in Queensland, Australia, the largest and lowest-cost silver and lead mine in the world. Cannington produces around 7 per cent of the world’s lead. – Correy Baldwin

Andy Armstrong

LEAD

URANIUM

Cameco’s Cigar Lake mine entered production in 2014.

Courtesy of Cameco

Cameco 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 the 2011 tsunami, would be re-opening. The company, Canada’s largest uranium producer, weathered a strike at McArthur River, the world’s largest uranium mine, and finally entered production at Cigar Lake after a long series of technical delays, making 2014 a year not many will forget. Cameco’s problems and successes have had no small impact on the industry as a whole. Uranium prices rose dramatically during the McArthur River strike between August and October, which coincided with the imposition of western sanctions on Russia, another significant uranium producer. – Chris Balcom

WHAT IS STEEL TELLING US ABOUT MET COAL? Preparing for a world without China as the primary driver of metallurgical coal consumption was a major preoccupation at the Coal Association of Canada’s annual meeting in Vancouver in September, a point H&W Worldwide Consulting’s J. Neil Bristow drove home in an update on the state of global steel. “In 2009 China came from nowhere to import 40 million tonnes of coking coal and then grew significantly from there,” said Bristow. “We’ve had a pretty good party, but is the party ending?” Bristow says Asia is the only region that is now producing significantly more steel than before the 2008 financial crisis, with Europe and North American still failing to return to 2007–08 output. There is also a “real risk” that Europe will follow Japan into the doldrums, which spells trouble globally when it comes to steel production and met coal. “It’s a very large trading path of the global economy, and the fact that it is not performing is a major negative for global growth.” Asia too is in flux when it comes to future growth of steel production; increasingly China will abandon its “exporter to the world” model and transition to a mature economy that caters to domestic consumers. Steel production is already slowing in China – evidenced, Bristow says, by the fall of housing prices in 64 of 73 centres across China this year. There are two positives on the horizon: steel producers are increasingly employing blast furnaces to make steel – a process that requires more met coal. This trend “will have an impact on the demand for the premium material,” according to Bristow, which is good news for met coal producers in B.C. The second bonus is that the developing world is going to need a lot of steel to rise out of poverty. “We should see a doubling of steel consumption in the next 25 years,” concluded Bristow, noting that emerging markets like Southeast Asia, Africa, and especially India will drive demand. “By 2018–19, we’ll finally see a growth picture where India will exceed China.” – Christopher Pollon

COPPER

The new Sierra Gorda mine in Chile is expected to put out 10 per cent of the world’s copper supply. The operation will also produce enough secondary molybdenum to drag down the price, especially in the near term. The mine is expected to reduce Moly production later in its life. The drop in production later on should favour Avanti Mining Inc., contends Graham du Preez, the company’s chief financial officer. He says his company, with its pure molybdenum play at the reclaimed Kitsault mine in B.C. set to open in 2017, is positioned for the long game. “For us, it’s a good opportunity to develop a project that will start production about the same time Sierra Gorda drops off from producing 24,000 tonnes of molybdenum to 11,000 tonnes.” Molybdenum, analysts predict, will hover around US$9 to US$10 per pound in 2015–16. Solid and growing 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– Graham Lanktree sault starts up.

Copper, once the favourite of base metal investors, has been tarnished since hitting a record US$4.65/lb in 2011. Some analysts predict it will slide lower than this year’s market price of US$3.16/lb to hold at US$3/lb in 2015 as several new mines, including Chile’s Sierra Gorda, pump supply into the global market. Over 23 years, Sierra Gorda promises to yield 120,000 tonnes of copper annually in its first phase and 220,000 tonnes in its second. Still, there is enough solid demand for the metal to go around that low-cost producers will not find it difficult to sell their wares. – Graham Lanktree

Courtesy of Geometrica

MOLYBDENUM

KGHM’s Sierra Gorda joint venture will produce 483 million pounds of copper, 25 million pounds of molybdenum and 64,000 ounces of gold per year.

BY A THREAD Junior gold companies are coming off a rocky last three years, with investors leaving the space as the gold price decreased; in 2013 alone, it dropped 28 per cent. But 2014 saw the price stabilize at $1,300 per ounce, and junior companies started to raise a bit more financing.

“Just when people seemed to be getting a little bit comfortable with the gold sector again…”

FRACKING APPEALING

Bruce Gordon/EcoFlight

– J. Gravelle

With oil and gas exploration and production relying more on the hydraulic fracturing of unconventional shale plays, the demand for the sand used in the process is increasing dramatically, and mining companies are transitioning to meet the need. Morgan Stanley analysts forecasted a 96 per cent demand growth for sand in 2016, from 2013 levels, and have predicted a “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 the shortage of premium sands in North America. “Also, the production side is either stabilizing or going down,” noted Rasool Mohammad, Select Sands’ president, explaining that reserves in Wisconsin are depleting and there is public opposition there to further development. “They’ll mine their reserves, they won’t have much reserves left and you’ll have demand increasing.” Victory Nickel and Athabasca Minerals are also moving ahead with frac sand assets in Medicine Hat and Fort McMurray, Alberta, respectively. The quality of the sand is determined by grain size, roundness, crush resistance, acid solubility, turbidity, and how agglomerated the grain is. Ideally, the sand should be highpurity quartz, very round, crush resistant, and have limited clusters and silt. Currently, the primary source for such sand in North America comes from deposits in Wisconsin and Minnesota. – Kelsey Rolfe 62 | CIM Magazine | Vol. 9, No. 9

That period of relative calm is over. “Just when people seemed to be getting a little bit comfortable with the gold sector again, prices start going down,” says John Gravelle, the global and Canadian mining leader at PricewaterhouseCoopers (PwC). Though junior gold miners are cutting expenses “to barebones requirements,” says Gravelle, they are hardier than expected. He says PwC has seen some companies delisting, but not very many. However, the cash position of many juniors indicates that if conditions continue for a few more years, “a couple hundred” could be forced to leave the exchange, he adds. Gravelle says he had expected to see clusters of companies merging to keep costs down and pool resources, but that has not happened. “It’s got to be tough times to be in their shoes right now, but they’ve been quite resilient and sticking to their guns,” he points out. The TSX Venture has lightened regulatory requirements to allow juniors to raise capital from existing shareholders without doing a full prospectus, and is being more flexible with filing deadlines. It is also looking at similarly reducing the – Kelsey Rolfe prospectus requirements for rights offerings.

WALKING THE TALK In the wake of the Indonesian ban on nickel ore exports, and with the Philippines considering similar legislation, a significant supply gap in the market may emerge. Prices and demand will likely increase in the short term: welcome news for struggling operations like the Ambatovy mine in Madagascar. Ambatovy is the world’s largest lateritic nickel mine and has been ramping up production since 2012, but it has struggled from the beginning. Toronto-based Sherritt International, the project’s largest stakeholder with 40 per cent, recently cut this year’s production forecast to between 37,000 and 41,000 tonnes of finished nickel from between 40,000 and 45,000 tonnes. 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

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 of their cash flow each year in development and exploration, “a meaningful reduction in oil prices means less cash flow is available for reinvestment,” says Randy Ollenberger, a managing director at BMO Capital Markets, specializing in North America’s oil and gas industry. In late October, Goldman Sachs predicted the price for a barrel of crude will average US$73.75 throughout 2015. The supply costs for in-situ oil sands projects generally range from $50 to $80 per oil barrel ($/bbl) and are $70-$100/bbl for mining projects. This means mergers and acquisitions are likely due to low prices, Ollenberger says. But, he adds: “We believe there are opportunities for small companies to remain successful.” With 4.5 million bbl of crude produced in Canada each day, the sharp price shift means producers could lose roughly $2.5 billion over the year. The Bank of Canada worries that a long period of low prices could see investors move their money away from the industry and its supply chain. – Graham Lanktree

MORE FOR LESS Large-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 shortterm sacrifices to secure long-term market share. – Ryan Bergen

RETURN TO REALITY Concerns over China’s grip on the rare earths market have abated, and many western companies that saw an influx of cash during the investment boom triggered by these fears between 2009 and 2011 are struggling. China produced around 97 per cent of the world’s rare earths in 2010. When the Chinese government indicated that it would be restricting exports, investors seized the opportunity and poured millions into non-Chinese rare earths extraction companies. At the height of the investment wave, Avalon Rare Metals’ share price peaked in 2011 at $9.10. With the bubble now burst, the company’s stock trades at around 25 cents. Nonetheless, the team at Avalon has been working to improve the process flowsheet for its hydrometallurgical plant and is hoping that its Nechalacho project in the Northwest Territories will begin producing rare earth elements by 2018. If Avalon succeeds, Nechalacho will be one of only a handful of rare earths projects outside China. To date the only nonChinese companies to emerge from the investment frenzy with producing operations are Australia’s Lynas Corp. and Colorado-based Molycorp, which has struggled to improve results from the processing plant at its Mountain Pass operation in California. Today the market has slowed and Chinese production looks to be stabilizing, accounting for roughly 70 per cent of world production, according to a recent report from the Council on Foreign Relations. – Chris Balcom

HOLDING OUT Silver 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. He recently suggested that silver producers ought to form some kind of cartel to get a better price for their product. In October Neumeyer’s company announced it would be hanging on to 934,000 ounces of silver until the market improves. While many companies are sympathetic to Neumeyer’s position, such an alliance would certainly be difficult to organize, given that the majority of silver is produced as a secondary metal. – Chris Balcom December/Décembre 2014 • January/Janvier 2015 | 63

Courtesy of Avalon Rare Metals

Avalon Rare Metals is developing the Nechalacho project in the Northwest Territories.

Keeping up with workflow By Eavan Moore

Courtesy of Agnico Eagle

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

Mining operations in arctic environments pose a unique set of problems for lubricant manufacturers.

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

ineral oils, the byproducts of crude oil refinement, have dominated the lubrication market since the 19th century. While they work well at warmer temperatures, these oils often contain wax molecules that crystallize when the mercury drops, thickening the oil and limiting its flow. In an engine, lube needs to get moving quickly once the engine starts. “You’ve got oil down in the sump of the engine, and you’ve got to make sure that that oil flows up to lubricate all the components of the engine as quickly as possible,” says David Dingle, sales manager at Imperial Oil distributor Ross Agri. Cold weather already places certain demands on an engine: it takes more power to turn the engine over and the performance of the battery declines as the temperature goes down. For all these reasons, says Dingle, 80 per cent of engine wear can occur during start-up for equipment operating in cold regions. While not all equipment needs to be cold-started – say, if it operates 24/7 or if it is possible to keep the engine heated – the number of engines running purely for warmth has fallen as more mines 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. Open gear lubricants are typically high-viscosity and tacky fluids or greases. They need to be pumped through the equipment, lubricating open gears, plain bearings, sliding surfaces and house rollers and rails. Some of these applications and the distribution system are directly exposed to temperatures below -40 degrees Celsius. Pumping system failures result in lubricant starvation and component failure. The first question that arises for open gear lube is if it can be pumped throughout the distribution lines to the points of application at the lowest anticipated temperature. The second concern is venting residual pressure within the distribution system. Bret Jenkins, director of the mining division at Bel-Ray, points out that lubricant piping and injectors (a lubricant measuring device) on a walking dragline with a 300-foot boom build up to 10,000 pounds per square inch (PSI) of pressure to push the lubricant to the point of application. Once the measured lubricant is applied, the remaining pressure needs to vent to as low as 600 PSI in order 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.,

technology

SSLUBRICANTS

says many of his customers will use very thin gear grease in winter to ensure the lube can make it through the lubrication pump. It slips out of bearings more quickly than thicker grease does once it warms up with use, but for some that presents an acceptable trade off. Jenkins notes, however, that lubricants used in very demanding applications will need more staying power. “When we’re talking about cold weather in Canada, you still have the extreme pressures that you do in Mexico or South America because you’re dealing with the same kind of equipment,” he says. “Your open gear lubricant needs sufficient viscosity to protect the machine components, but it also needs to be able to get all the points of application and allow the pumping system to function correctly regardless of how low the ambient temperature is.”

Mineral oil

For 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 in solution, lowering the temperature at which the lubricant remains fluid. These are called pour point depressants. There are also polymers that contract in the cold so they have no impact on a fluid’s viscosity and expand in heat to increase fluid viscosity. These types of polymers are known collectively as viscosity modifiers or viscosity index improvers. Viscosity modifiers have existed for a long time. However, they continuously improve in shear stability, according to Dingle. “These viscosity modifiers are basically just rubber molecules, and when you put them under load or under shear, they’ll break down,” he explains. “In the initial period of use, the viscosity actually drops as these viscosity modifiers shear or break down, and then as the oil continues operating, it starts to thicken up as it oxidizes and gets contaminated with soot from the combustion process.” The key, he says, is to make sure the oil stays at an appropriate weight, or grade, throughout its use, and this is something that manufacturers have been better able to manage over time.

Courtesy of Imperial Oil

Synthetics

importantly, synthetic fluids remain more pumpable and mobile as the ambient temperature drops than comparable mineral oils. This behaviour is generally true for most types of synthetic lubricants including engine, gear and hydraulic oils, open gear lubricants and greases. As a result, synthetics are more flexible. Historically, operators using mineral oil have changed their oil grade by the season; Dingle says a mine might use 15W-40 in summer and 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 a synthetic lube. A lubricant manufacturer might use other additives as well. For example, the Mobil 5W-40 and 0W-40 oils are formulated by starting with a lower viscosity oil and adding viscosity modifiers. “A Mobil Delvac 1 ESP 0W-40 or a Mobil Delvac 1 ESP 5W-40 is a lighter oil but it acts like a 40-weight oil at operating temperatures,” says Dingle.

The right mix

A full synthetic can cost several times more than a mineral oil-based lubricant. There is also the choice of semi-synthetic lubricant, which occupies the middle ground of price and performance. When would a mine want to invest in synthetic lube? It depends on many factors including the application. Carlos Nazario, a senior product manager at Bel-Ray, recommends a full synthetic gear oil if the application needs a lubricant with good fluidity below -25 degrees Celsius. An enclosed gear case is a good example of such an application. However, if the application is an open gear set, he’d recommend a semisynthetic gear lubricant. The risk involved in trying out a synthetic lube has lessened over the years. Before PAOs came to the forefront, diester-based lubes and other synthetics caused problems with 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 all

At the same time, mine operators want to simplify their lube shopping and use. Jenkins says original equipment manufacturers (OEMs) used to make recommendations or put specific products on their approved list, but the more recent trend is for an OEM to provide specifications and let mines find their own solutions. “The trick is to have one lubricant that will work in the summer and the winter, and it doesn’t matter what the OEM is, it’ll still qualify for their specifications,” says Jenkins. That can be tricky. For instance, one useful additive is the metal compound molybdenum disulfide (Moly), which creates a protective coat on the component surface. The gear grease for some mine equipment at a specific site might not be able to have more than three per cent Moly, while other equipment at the same mine might have an OEM The Mobil Delvac 1 ESP 0W-40 is formulated specification requiring five per cent Moly. by starting with a lower viscosity oil and Sometimes there is no way around this, but adding viscosity modifiers.

For equipment exposed to the elements in more demanding environments, synthetic lubricants offer an increasingly popular alternative. Synthetic base fluids are custom molecules. Their composition is more uniform and their behaviour is more predictable than that of mineral oils. Most

December/Décembre 2014 • January/Janvier 2015 | 65

Bel-Rayâ&#x20AC;&#x2122;s flagship Molylube SF 100 SemiSynthetic Open Gear Lubricant can be used for priming, running in, and service lubrication in temperatures from -40 to +50 degrees Celsius.

Courtesy of Bel-Ray Co.

Jenkins says Bel-Ray has had some success in getting OEMs to test and approve its three per cent Moly grease for other uses. â&#x20AC;&#x153;It outperforms many of the approved five per cent Moly greases,â&#x20AC;? he explains. Hammes says Caterpillar sets industry standards. Because Cat began requiring five per cent Moly, Lubrication Engineers recently developed a new five per cent Moly product specifically for pins and bushings used in the mining industry. â&#x20AC;&#x153;Caterpillar has been at the forefront to specify cold weather products for its off-road equipment,â&#x20AC;? agrees Thomas. He says Phillips 66 recently introduced a 0W-20 lubricant for transmissions and drive trains, called PowerDrive 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, however, can be difficult to negotiate. One OEM might have a minimum viscosity requirement, while the next OEM might specify that the lubricant needs to meet a standard anti-wear test. â&#x20AC;&#x153;Product A may only meet one requirement while product B would meet both,â&#x20AC;? says Jenkins. For open gear lube, Bel-Ray has been working on its flagship Molylube SF 100 Semi-Synthetic Open Gear Lubricant, to produce formulas that can be used as widely as possible. â&#x20AC;&#x153;The SF

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100 that we use in the mines in Alberta and Saskatchewan, weâ&#x20AC;&#x2122;re able to use one single lubricant the whole year-round,â&#x20AC;? Jenkins says. It is a semi-synthetic, part PAO and part mineral oil, and it uses an aluminum complex as a thickener, which â&#x20AC;&#x153;is essentially a sponge thatâ&#x20AC;&#x2122;s holding all the base oils and the additives in a semi-solid state,â&#x20AC;? he says. Bel-Rayâ&#x20AC;&#x2122;s newest formulation, Molylube Ultra Open Gear Lubricant, can be used for priming, running in, and service lubrication, and it is designed for a -40 to +50 degree Celsius temperature range. Major petroleum companies like Shell, Petro Canada, Imperial (ExxonMobil), and Conoco Philips supply the bulk of the lubes sold by manufacturers that are used on site, and they continue to improve their products as well. Imperial is reformulating its synthetic engine oil to allow for better filtering, according to Dingle. Even synthetic oil thickens in cold weather and that can make it more difficult to filter. While some engines have a bypass on the filter to allow dirty oil to reach the engine if necessary, it would be ideal to have a more easily filtered lube. The new formulation of Mobil Delvac 1 ESP 0W-40 has been reformulated to pump and flow easily through filters at low temperatures. CIM

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PLEINS FEUX SUR LES MARCHANDISES NOUS EXAMINONS 30 MÉTAUX ET MINÉRAUX DIFFÉRENTS. CETTE RUBRIQUE SPÉCIALE VOUS OFFRE UNE RÉTROSPECTIVE DE CE QUI A MARQUÉ L’ANNÉE QUI VIENT DE S’ÉCOULER, NOTAMMENT LES TENDANCES DE PLUS EN PLUS RÉPANDUES ET LES ÉVÉNEMENTS IMPRÉVUS, ET EXPLORE CE QUI SE PROFILE À L’HORIZON.

DES qUEStIoNS DE FERtILIté La potasse a connu une année mouvementée. Le marché a subi des turbulences pendant une bonne partie de 2014 – résultat du retrait du groupe russe Uralkali du cartel bélarusse BPC – mais les prix actuels sont en hausse et la demande a atteint de nouveaux sommets. Selon Paul Burnside, consultant en potasse auprès de CRU Group, bien que la consommation sous-jacente est satisfaisante, la forte augmentation de la demande peut être trompeuse. « Le second semestre de 2013 a été très faible côté demande en raison de toute l’incertitude entourant les prix, et les clients ont préféré puiser dans leurs réserves », a expliqué M. Burnside. Quand les acheteurs sont finalement revenus, la demande était forte, mais une bonne partie de celle-ci était imputable à des reconstitutions de stocks. La consommation réelle, prévient-il, « résulte des prix à la baisse, mais elle n’est pas aussi forte que la demande apparente laisse supposer. » Les marchés européens et nord-américains sont tous deux matures, alors que la Chine et l’Inde n’ont pas répondu aux attentes au cours des dernières années. Le pays qui se démarque le plus est le Brésil, qui est pratiquement exclusivement tributaire des importations. Il est également 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 exploitation. Une bonne partie de celles-ci se trouvent au Canada, PotashCorp étant la plus dynamique avec notamment son projet Picadilly nouvellement mis en service au NouveauBrunswick. « Beaucoup d’investissements ont été consacrés au développement de la capacité, et maintenant cette nouvelle capacité entre en exploitation, mais l’approche de l’industrie à l’égard des prix n’a pas stimulé la croissance de la demande », souligne M. Burnside. Il ajoute que la consommation doit maintenant progresser de manière soutenue pour que le marché puisse absorber cette nouvelle capacité. Pour freiner la surproduction, l’industrie devra se montrer disciplinée, note M. Burnside. Toutefois, la récente infiltration de saumure qui a entraîné l’interruption de la production à la mine Solikamsk-2 d’Uralkali jouera également un rôle. La mine contribue pour 2,8 % de la capacité mondiale, et on ne sait pas encore si la mine devra être abandonnée. Bien que les producteurs nord-américains, forts de leur nouvelle capacité, pourraient facilement remplacer la capacité perdue, selon Paul Burnside, « le pronostic d’Uralkali aura probablement une influence sur les prochaines négociations de prix avec la Chine et les autres acheteurs. » – Correy Baldwin December/Décembre 2014 • January/Janvier 2015 | 69

Gracieuseté de HudBay

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

UN FRANC SUCCèS

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

taires, de même que pour préserver le bois d’œuvre à des fins de construction et pour galvaniser le fer. En Europe, les investisseurs attendent de voir si l’incitation financière de la Banque centrale européenne (BCE) de mille milliards € va envoyer une onde de choc à l’économie stagnante de la zone euro. « Nous ne nous attendons pas à assister à une croissance spectaculaire en Europe, mais au-delà de la faiblesse à court terme, nous observons une certaine stabilité dans les économies européennes », indique M. Dragosits. Ces facteurs, associés à une meilleure croissance aux États-Unis dans les années à venir, constitueront les moteurs de la demande en zinc. Gracieuseté de HudBay

Les plus grandes mines de zinc du monde ferment leurs portes et l’on peut difficilement sous-estimer l’impact que cela aura sur le prix de ce métal de base. Au troisième trimestre 2015, après avoir produit 455 000 tonnes cette année et 488 233 tonnes en 2013, la production prendra fin à la gigantesque mine de zinc australienne Century. L’année dernière, Glencore a réduit progressivement sa production dans les mines Brunswick et Perseverance au Canada, et a ainsi éliminé une grande partie de l’offre. « C’est l’une des principales raisons pour laquelle les prix du zinc seront plus élevés dans les années à venir », indique Mike Dragosits, stratège principal en matière de marchandises chez TD Securities, citant le déclin d’autres grandes mines en Irlande (Vedanta) et au 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 en Chine, ces projets produisent des minerais à plus faible teneur dans des mines plus petites. « Nous prévoyons un déficit sur le marché au cours des années à venir », explique M. Dragosits. « L’anticipation de déficits bien plus conséquents dans les années à venir influencera le cours du marché, lequel atteindra un niveau légèrement supérieur aux données fondamentales », indique M. Dragosits. Tout au long de l’année 2015, ajoute-t-il, la tendance du zinc sera à la hausse et atteindra un prix record juste avant 2016. Les prix moyens annuels prévisionnels en 2015 sont de 2 480 $ US la tonne, avec une moyenne trimestrielle à la fin de l’année de 2 513 $ US la tonne. Le prix du zinc est actuellement répertorié à 2 220 $ US la tonne, avec une perspective plus modérée au cours des mois à venir. Malgré la croissance de l’économie américaine, indique M. Dragosits, le marché à l’heure actuelle est assombri par le ralentissement économique de la Chine et de l’Europe. « La Chine connaît un régime de ralentissement motivé par le positionnement des représentants du gouvernement en vue de remettre l’économie sur la voie d’une croissance de meilleure qualité », déclare-t-il. Les représentants du gouvernement 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 stabiliser et recommencera à mener la danse au niveau de la demande en métaux de base tels que le zinc, que l’on utilise dans les réacteurs nucléaires, le fer, le caoutchouc ainsi que la fabrication de crèmes solaires et des compléments alimen-

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

Le Canada produit environ 5,4 % du zinc raffiné produit à l’échelle mondiale. Les tous nouveaux collaborateurs du pays sont la mine Bracemac-McLeod de Glencore au Québec, qui est entrée en phase de production en 2013, et la mine Lalor de HudBay Minerals dans le Manitoba, dont la construction s’est terminée cette année. En anticipation des prix plus élevés, les entreprises canadiennes mènent leur enquête sur les métaux dans tout le pays, et rencontrent quelques résultats – Graham Lanktree prometteurs.

Quinn Dombrowski

LE SEL Les producteurs de sel vont espérer que l’hiver se prolonge jusque tard en 2015. La longue et rigoureuse saison hivernale de l’année dernière a été une bénédiction pour les opérations minières, qui ont enregistré une demande record de sel gemme de la part des municipalités mettant tout en œuvre pour assurer l’entretien routier hivernal. – Chris Balcom

L’étAIN Quand les exportations d’étain en Indonésie se sont arrêtées soudainement en 2014, un pays inattendu a contribué à combler les lacunes en matière d’approvisionnement : le Myanmar. Après une série de réformes de grande envergure qui ont permis d’ouvrir le pays sur le plan diplomatique et commercial, l’état d’Asie du Sud-Est longtemps isolé s’est érigé en nouvelle puissance du secteur minier. La production du Myanmar devrait représenter 10 % de la production mondiale d’étain en 2015, principalement destinée à la Chine. – Chris Balcom

LE tUNGStèNE La 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 domine actuellement le marché, les ressources non chinoises devraient croître au cours des prochaines années, à mesure que des projets de mise en valeur entrent en production. Un exemple éloquent est la mine de Drakelands, la première nouvelle mine de métaux de 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, éliminant totalement le métal de cette technologie meilleur marché qui devrait révolutionner les téléviseurs à diode électroluminescente organique, lesquels coûtent environ trois fois plus cher. Ce métal étant éliminé de nombreux composants électroniques, les prix n’ont cessé de chuter ces cinq dernières années. Les prix du cadmium demeurent relativement stagnants, autour de 0,90 $ US/livre, un déclin par rapport aux 0,93 $ US/livre en décembre 2013. – Graham Lanktree

LE tALC Les matières plastiques utilisées pour la fabrication de Tupperware ou pour l’intérieur de nos véhicules sont composées de polypropylène chargé de talc. Au vu de la forte demande et des prix de ce minéral, qui varient de quelques centaines à un millier $ US la tonne en fonction de sa teneur, Imerys Talc développe ses infrastructures de production à Timmins, en Ontario, pour renforcer sa capacité et devenir plus compétitive grâce à des importations d’un minéral à plus haute teneur. – Graham Lanktree

LE CHARboN tHERMIqUE : UNE ANNéE FAIt LA DIFFéRENCE On excusera Gill Winckler de paraître légèrement sous le choc alors qu’elle s’avance sur l’estrade pour nous exposer ce qui s’est produit à sa mine de charbon thermique durant l’année qui s’est écoulée depuis sa dernière présentation à l’occasion de la conférence annuelle de la Coal Association of Canada (l’association canadienne du charbon). En 2013, la présidente et directrice générale de Coalspur Mines se préparait à construire la mine de charbon thermique Vista de la société en Alberta, un projet pour lequel tous les travaux techniques avaient été effectués, qui disposait de la plupart de ses permis et qui prévoyait déjà de construire une usine de traitement en phase préliminaire assurant le traitement de six millions de tonnes par an. La société avait également recueilli environ 350 millions $ sur les 550 millions $ nécessaires à la réalisation du projet. En septembre 2013, la plupart des gens pensaient que le prix au comptant du charbon thermique à Newcastle à 77 $ US la tonne ($/t) se trouvait au plus bas, affichant un déclin de 11 % par rapport à l’année précédente, et de 28 % par rapport aux prix pratiqués deux années plus tôt. « Les prix ont encore baissé, et ont aujourd’hui atteint la barre de 66 $ US/t au prix au comptant », déclarait Mme Winckler. « Non seulement les prix sont au plus bas, mais l’espoir a également décliné au fil des ans. » Le ralentissement de la demande en charbon thermique et en charbon métallurgique a eu lieu simultanément, une situation où les prix continuent de baisser en réponse à un surplus. « Nous traversons une période terrible d’offre excédentaire sur le marché du charbon thermique », se lamentait Joe Aldina, analyste du prix du charbon chez Wood Mackenzie, qui accusait l’Indonésie d’avoir énormément contribué à cette offre excédentaire dans le secteur du charbon thermique. Selon les prévisions de Wood Mackenzie, cette situation se poursuivra jusqu’en 2020, bien que les 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’une valeur ajoutée à l’actif en générant une certitude autour des coûts de construction et en apportant des améliorations à la conception de la mine. Un examen stratégique continu envisage diverses options, à savoir une recapitalisation possible, éventuellement une entreprise commune ou, catégoriquement, la vente de l’actif. « Notre projet est prêt à commencer », concluait Mme Winckler. « Nous nous trouvons dans une situation différente de celle de l’année dernière, mais nous savons que la mine Vista sera construite. » – Christopher Pollon December/Décembre 2014 • January/Janvier 2015 | 71

MAGNéSIUM L’année dernière, la Chine a été à l’origine d’environ 80 % de la production mondiale de magnésium. Huitième élément le plus abondant au monde, ce métal est très léger, ce qui en fait un composant important dans la fabrication automobile et l’industrie aéronautique. La demande en magnésium devrait augmenter, largement stimulée par la consommation croissante des Chinois. – Chris Balcom

LE tItANE Boeing estime que la société aura besoin de 36 770 nouveaux avions d’ici 2033, ce qui représente une hausse de 4,2 % par rapport à ses prévisions de l’année dernière. C’est une bonne nouvelle pour l’industrie du titane, dont le plus grand marché reste l’industrie aérospatiale. Boeing fait actuellement des réserves de titane en raison des tensions entre l’Amérique et la Russie concernant l’Ukraine, une région qui contient d’importants gisements de titane. – Correy Baldwin

L’assemblage des avions a lieu à l’usine Boeing d’Everett près de Seattle, dans l’État de Washington.

Après 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 prochain. Toutefois, bien que le coût de l’aluminium ait augmenté, et que l’offre et la demande mondiales enregistrent une croissance, les capacités de production massives de la Chine exercent des pressions sur les producteurs occidentaux. « La croissance et la demande d’aluminium à l’échelle mondiale et en Chine ont en fait été plutôt bonnes pendant de nombreuses années », affirme Patricia Mohr, spécialiste du marché des marchandises à la Banque Scotia. « Il s’agit véritablement d’une industrie en plein essor dans le créneau des métaux et des minéraux. » Le marché occidental accuse un déficit de l’offre en aluminium de plus d’un million de tonnes. La consommation d’aluminium mondiale devrait augmenter de 7 % en 2014, après avoir progressé de 5,5 % en 2013. Selon Mme Mohr, la hausse est probablement attribuable à une autre année de « production mondiale record dans l’industrie automobile. » Aujourd’hui, cette industrie utilise davantage d’aluminium dans le but de réduire le poids des modèles et d’améliorer leur consommation d’essence. Selon Mme Mohr, en 2014, le prix moyen de l’aluminium devrait s’élever à 85 cents la livre, une légère progression par rapport aux 84 cents inscrits en 2013. En 2015, le prix moyen devrait augmenter encore, atteignant 92 cents. « Les conditions du marché s’améliorent cette année », souligne Mme Mohr, ce qui est une « excellente nouvelle » pour les alumineries canadiennes implantées au Québec et dans le nord de la Colombie-Britannique, dont la production s’est élevée à 2,86 millions de tonnes en 2014. Cependant, la production d’aluminium de la Chine a posé un défi aux producteurs occidentaux. La demande massive du pays est considérée comme un créneau porteur, mais étant donné qu’il aura produit cette année un peu plus de la moitié du volume d’aluminium mondial (27,6 millions de tonnes sur les 53,7 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 assurer et préserver son autosuffisance en produisant de l’aluminium », explique Mme Mohr, « elle a plus ou moins limité la capacité des fournisseurs occidentaux d’exporter de grandes quantités d’aluminium vers la Chine. » Voilà qui explique également le fléchissement des prix des 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 à une amélioration de l’économie générale liée à l’offre et – Kelsey Rolfe à la demande à l’échelle mondiale. »

Gracieuseté de Jetstar Airways

L’ALUMINIUM

UN SUCCèS ébLoUISSANt Gracieuseté de Stornoway Diamonds

La petite société minière Stornoway Diamonds, à l’origine une société d’exploration qui est maintenant passée au stade du développement, détient le projet Renard dans la région de la baie James, au Québec. Dans un contexte où l’offre en diamant diminue alors que la demande à l’échelle mondiale augmente, la société a conclu un accord historique de financement multipartite en avril dernier, recueillant la modique somme de 946 millions $ dans un arrangement complexe de marchés sur les dettes, les capitaux propres et l’écoulement. Le financement, qui provenait de trois grands investisseurs dont le gouvernement du Québec, suivra la société tout au long de la phase de construction de la mine Renard, estimée à 752 millions $, jusqu’à la production de flux nets de trésorerie positifs (entre 1,5 et 2 millions de carats par année) en 2017. Le président et directeur général de Stornoway Matt Manson s’est entretenu avec l’ICM quant à cet accord.

L’ICM : Comment êtes-vous parvenu à convaincre les investisseurs de vous accorder leur confiance, à vous et à ce projet, dans un marché des ressources où de nombreuses sociétés établies ne parviennent pas à attirer des investissements ? Manson : L’orthodoxie de cette activité consiste à recueillir un peu de capitaux propres par-ci, un peu de créances par-là, et à les superposer ; nous n’avons pas eu le luxe de le faire. Tous ceux qui montraient un intérêt dans le financement de notre projet souhaitaient voir la transaction complète. Nous avons déployé de grands efforts pendant 18 mois, voire deux années, pour négocier tous les éléments du financement du projet simultanément. La moitié du travail consistait à réunir toutes les parties intéressées, et l’autre moitié à pratiquer la diplomatie de la navette pour faire fonctionner tous les éléments. Nous sommes désormais un modèle en la matière. D’autres sociétés disposant de projets semblables et cherchant à trouver des fonds dans ce marché prennent Stornoway en exemple.

L’ICM : quelle a été la partie la plus complexe dans les négociations ? Manson : Nous avons rejeté certaines transactions proposées. Durant les deux années où nous avons travaillé làdessus, pratiqué la diplomatie de la navette et essayé de réunir un consortium de financiers qui devaient tous être compatibles entre eux, nous sommes passés sur certains marchés qui nous étaient offerts. Parfois, les sociétés minières doivent avoir le courage de dire non à une offre.

L’ICM : Dans le cadre du Plan Nord du québec, le gouvernement a également construit une portion de 143 kilomètres du prolongement de la route de 240 kms qui mène à la mine. Ce projet aurait-il pu se poursuivre sans cette route accessible en toutes saisons vers le site ? Manson : Je ne pense pas, non. Cette route délimite notre profil de coûts. Elle nous permet de ne pas avoir à acheter tout notre diesel en automne, à construire une route chaque hiver ni à stocker tout ce dont nous avons besoin sur le site, et nous ne sommes pas obligés d’expédier par avion notre matériel. Cette route fait de notre mine un site du Québec sur lequel on peut compter, dont les profils de coûts et de risques sont fiables.

L’ICM : Selon vous, la province récupèrera-telle son investissement de 330 millions $ dans la route grâce aux profits générés par la mine ? Manson : La durée de vie prévue de la mine en fonction des réserves minérales est de 11 ans, et potentiellement de 20 ans en fonction des ressources actuelles. Si ces prévisions se confirment, la province amortira son investissement rien qu’avec notre mine. Mais cette route n’a pas été construite uniquement pour notre mine. La province dispose d’un programme actif de tourisme, cette route est importante pour les communautés locales, notamment pour les Cris, et il est prévu de la prolonger plus au nord où se trouvent d’autres projets [portant sur les ressources]. Il s’agit d’un exemple classique d’une initiative prise par le gouvernement pour construire une infrastructure régionale qui sera le catalyseur du développement économique général. Nous servons de tremplin. – Ian Ewing

MAGRIS RESoURCES, DIRIGéE PAR AARoN REGENt, ACHètE NIobEC Aaron Regent, ex-chef de la direction de Barrick Gold, fait une fois de plus de grosses vagues. En vertu d’une entente annoncée en octobre, Magris Resources Ltd., sa société de placement privée établie à Toronto, prend le contrôle de la mine québécoise Niobec d’Iamgold au coût de 500 millions de dollars. Outre la mine de niobium, qui figure parmi les trois seules dans le monde, l’entente vise aussi un gisement de terres rares à proximité. Magris et ses partenaires financiers ont convenu de payer un montant additionnel de 30 millions de dollars pour ce gisement s’il entre en production. Le niobium est principalement utilisé pour renforcer l’acier. Il y a deux ans, Barrick avait montré la porte à Aaron Regent alors que le cours des actions 74 | CIM Magazine | Vol. 9, No. 9

de l’entreprise connaissait une période difficile. Son retour au sein du secteur minier a reçu le soutien d’investisseurs de taille : Temasek Holdings, un fonds souverain de Singapour, et CEF Holdings Ltd., une société de placement de Hong Kong détenue par Cheung Kong Holdings Ltd. et la Banque CIBC. M. Regent a récemment confié au Financial Post que l’entente visant Niobec serait la « première d’une série. » Quant à Iamgold, la vente lui procure des liquidités bienvenues durant une période difficile pour les sociétés d’exploitation aurifère. Maintenant qu’elle s’est défaite de Niobec, Iamgold s’est positionnée en tant que producteur d’or non diversifié. – Chris Balcom

Gracieuseté de Tesla Motors

LE FACtEUR GIGA D’ici 2020, le fabricant de véhicules électriques Tesla Motors prévoit de produire des batteries au lithium-ion pour un demimillion de voitures par année, soit plus du double de la production mondiale actuelle. Les batteries seront fabriquées à la méga-usine (la « Gigafactory ») que Tesla a fait construire au coût de 5 milliards de dollars au Nevada et dont le démarrage est prévu en 2017. En mars dernier, Liz Jarvis-Shean, porte-parole de Tesla, a dit à Bloomberg Businessweek que le constructeur a l’intention de s’approvisionner en Amérique du Nord pour tous ses matériaux, conformément à la mission environnementale de l’entreprise. Mme Jarvis-Shean a également déclaré que Tesla a l’intention de réduire le coût de ses batteries d’au moins 30 %. La production de la méga-usine fera grimper considérablement la demande de minéraux essentiels, particulièrement le graphite, le lithium et le cobalt, et soulève déjà des questionnements quant aux sources d’approvisionnement nordaméricaines 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 GRAPHItE Répercussions sur la demande mondiale : Pour atteindre les cibles envisagées, Tesla pourrait avoir besoin d’environ 126 000 tonnes de graphite lamellaire, ce qui représente 34 % des 375 000 tonnes extraites en 2013. La demande de matériaux transformés de qualité batterie pourrait augmenter de 154 %, estime Simon Moores, analyste spécialisé dans l’industrie des minéraux. Production actuelle : Bien que pour l’heure, Tesla préfère utiliser du graphite synthétique provenant d’Europe et du Japon plutôt que du graphite lamellaire extrait de mines, cette dernière solution est plus économique. Compte tenu de ses objectifs de réduction des coûts, la société pourrait devoir se tourner vers le produit naturel. Perspectives : La Chine est actuellement le principal producteur et transformateur de graphite extrait. Selon certains analystes, Tesla pourrait s’approvisionner en graphite auprès de nouvelles mines s’ouvrant au Canada. Le Canada contribue actuellement pour 2 % du graphite extrait, alors que les États-Unis ne comptent que deux mines qui en sont au stade de l’exploration, mais produisent une quantité de graphite synthétique. – Chris Balcom

LE CobALt Répercussions sur la demande mondiale : La mise en œuvre des projets de Tesla pourrait nécessiter quelque 7 000 tonnes de cobalt par année. Selon Industrial Minerals, ils pourraient faire augmenter la demande mondiale de 6 %, et la demande de matériau de qualité batterie de 17 %.

Production actuelle : La République démocratique du Congo renferme la plus grande partie des réserves de cobalt connues dans le monde et produit aujourd’hui 55 % du volume mondial. Tesla Motors préfère éviter la RDC et s’approvisionne actuellement 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’extraction de ce minéral. Aujourd’hui, le Canada contribue pour environ 6 % de la production mondiale. Certains analystes croient que Tesla pourrait finir par s’approvisionner dans le Midwest américain à l’avenir, parallèlement aux projets canadiens existants. – Chris Balcom

LE LItHIUM Répercussions sur la demande mondiale : Goldman Sachs prédit que la méga-usine pourrait consommer entre 15 000 et 25 000 tonnes de carbonate de lithium par année, soit rien de moins que 17 % de la production actuelle. Cependant, les fournisseurs de lithium devraient pouvoir répondre à la hausse de la demande sans problème. Production actuelle : En 2013, le Chili a produit 64 % du volume de lithium mondial, suivi de l’Australie (22 %). Perspectives : En Amérique du Nord, Tesla dispose de plusieurs sources potentielles pour s’approvisionner en lithium, y compris le puits d’extraction de saumure de Rockwood Lithium au Nevada et la mine de roche dure fermée de RB Énergie au Québec, entre autres. – Chris Balcom December/Décembre 2014 • January/Janvier 2015 | 75

LE PLAtINE En novembre, la société Ivanhoe Mines de Vancouver a reçu une approbation importante de la part du ministère des ressources naturelles d’Afrique du Sud l’autorisant à poursuivre son projet Platreef. Cette mine de platine estimée à 1,6 milliard $ devrait entrer en phase de production en 2020 et sera l’une des plus grandes au monde. Elle devrait par ailleurs produire le platine le moins cher du continent africain, principalement en raison de son niveau élevé de mécanisation. L’autorisation du ministère pour le projet vient à la suite d’une période d’incertitude dans le pays ; en effet, les mines de platine d’Afrique du Sud ont été touchées par une grève de cinq mois des travailleurs en 2014, qui a affecté plus de 40 % de la production à l’échelle mondiale. Les travailleurs ont obtenu un accord sur les salaires au mois de juin. – Correy Baldwin

LE PHoSPHAtE La Commission européenne a ajouté la roche phosphatée à sa liste de matières premières critiques. Cette liste, adoptée en 2011, vise à gérer les actions de l’Union européenne quant aux matières dont l’approvisionnement est jugé critique, notamment en encourageant la production, en promouvant la recherche et l’innovation et en contribuant aux négociations commerciales. Le phosphate, qui est l’un des 20 matériaux faisant partie de cette liste, est un élément important dans les engrais chimiques et est indispensable à la sécurité alimentaire à l’échelle mondiale. – Correy Baldwin

LE PLoMb La société BHP Billiton a annoncé qu’elle allait céder ses actifs commerciaux non essentiels dans le cadre du développement d’une nouvelle société essaimée dénommée NewCo, dont la valeur est estimée à 15 milliards $. L’une des plus grandes exploitations de NewCo sera la mine Cannington du Queensland, en Australie, la plus grande mine d’argent et de plomb affichant les coûts de production les plus faibles au monde. La mine Cannington produira environ 7 % du plomb à l’échelle mondiale. – Correy Baldwin

L’URANIUM Le cours des actions de Cameco Corp. a bondi de près de 10 % le 7 novembre après l’annonce de la future remise en service des réacteurs nucléaires japonais mis à l’arrêt lors du tsunami de 2011. La société, le plus grand producteur d’uranium au Canada, a subi une grève à ses installations de McArthur River, la plus grande mine d’uranium au monde, et a finalement démarré la production à Cigar Lake après une longue série de retards techniques, faisant de 2014 une année dont plusieurs se souviendront longtemps. Les problèmes et les succès de Cameco ont eu des répercussions non négligeables sur l’ensemble de l’industrie. Les prix de l’uranium ont fortement grimpé durant la grève à la mine de McArthur River entre août et octobre, ce qui a coïncidé avec l’imposition de sanctions par les pays occidentaux contre la Russie, un autre producteur d’uranium d’importance. – Chris Balcom 76 | CIM Magazine | Vol. 9, No. 9

CE qUE L’ACIER NoUS RévèLE à PRoPoS DU CHARboN MétALLURGIqUE Le sujet de préoccupation majeure de la rencontre annuelle de la Coal Association of Canada (l’association canadienne du charbon), qui s’est tenue à Vancouver en septembre dernier, était la préparation à un monde dans lequel la Chine ne serait plus le principal moteur de la consommation de charbon métallurgique, une question sur laquelle J. Neil Bristow de H&W Worldwide Consulting a insisté lorsqu’il a fait le point sur le statut de l’acier à l’échelle mondiale. « En 2009, la Chine est arrivée de nulle part et a importé 40 millions de tonnes de charbon cokéfiable, puis s’est considérablement développée à partir de là », explique M. Bristow. « Nous avons eu notre heure de gloire, mais touche-t-elle à sa fin ? » M. Bristow explique que l’Asie est la seule région qui produit aujourd’hui beaucoup plus d’acier qu’avant la crise financière de 2008, alors que l’Europe et l’Amérique du Nord ne parviennent toujours pas à remonter au niveau de production de 2007-2008. Il existe également un « risque réel » que l’Europe suive le Japon dans le marasme, ce qui laisse planer de grandes craintes à l’échelle mondiale concernant la production d’acier et le charbon métallurgique. « Il s’agit d’un segment commercial très vaste dans l’économie mondiale, et le fait qu’il soit mal en point est un aspect négatif important pour la croissance mondiale. » L’Asie est également en proie à des fluctuations en ce qui concerne la croissance future de la production d’acier. La Chine aura de plus en plus tendance à abandonner son modèle « d’exportateur vers le monde entier », et une transition va s’opérer vers une économie plus mature qui répond aux besoins des consommateurs nationaux. La production d’acier ralentit déjà en Chine, comme en témoigne la chute des prix des logements dans 64 centres sur les 73 dans toute la Chine cette année, indique M. Bristow. Deux notes positives se profilent cependant à l’horizon : les producteurs d’acier utilisent de plus en plus les hauts fourneaux pour fabriquer l’acier, un procédé qui requiert davantage de charbon métallurgique. Cette tendance « aura un impact sur la demande en ce matériau de qualité supérieure », explique M. Bristow, ce qui est une bonne nouvelle pour les producteurs de charbon métallurgique de Colombie-Britannique. Le second point positif est que le monde en développement devrait avoir besoin d’une grande quantité d’acier pour sortir de la pauvreté. « Nous devrions assister à une consommation d’acier deux fois plus importante dans les 25 années à venir », concluait M. Bristow, ajoutant que les marchés émergents tels que l’Asie du Sud-est, l’Afrique et particulièrement l’Inde, deviendront les moteurs de la demande. « D’ici 2018-2019, nous observerons enfin un contexte de croissance où l’Inde prendra le dessus sur la Chine. » – Christopher Pollon

LE CUIvRE

La nouvelle mine Sierra Gorda au Chili devrait assurer 10 % de l’offre en cuivre à l’échelle mondiale. L’exploitation produira également suffisamment de molybdène secondaire pour réduire son prix, notamment sur le court terme. La mine devrait réduire sa production de molybdène plus tard dans son cycle de vie. Ce déclin de la production d’ici quelques années devrait profiter à Avanti Mining Inc., prétend Graham du Preez, directeur financier de la société. Grâce au molybdène pur produit à la mine Kitsault en Colombie-Britannique (C.-B.), qui a été remise en état et devrait ouvrir ses portes en 2017, il explique que sa société est bien placée pour être un acteur de choix. « Pour nous, c’est une bonne occasion de développer un projet qui commencera sa phase de production à peu près au moment où la mine Sierra Gorda réduira sa production de 24 000 tonnes à 11 000 tonnes de molybdène. » Le prix du molybdène, prévoient les analystes, devrait tourner autour de 9 $ US à 10 $ US la livre en 20152016. Selon M. du Preez, la demande croissante et forte en acier, qui est utilisé pour la trempe du métal, implique que d’ici la fin de la décennie, les prix commenceront à remonter pour atteindre 17 $ US la livre après l’entrée – Graham Lanktree en phase de production de Kitsault.

La réputation du cuivre, qui était autrefois le métal de base préféré des investisseurs, a été ternie depuis que le métal a atteint la barre des 4,65 $ US/livre en 2011. Selon certains analystes, le prix du cuivre descendra en dessous de son prix de 2014, à savoir 3,16 $ US/livre, pour atteindre en 2015 un prix de marché de 3 $ US/livre et ce, étant donné que plusieurs nouvelles mines, dont la mine Sierra Gorda au Chili, injectent de nouvelles offres sur le marché mondial. Sur une période de 23 ans, Sierra Gorda promet de produire 120 000 tonnes de cuivre annuellement dans sa première phase, et 220 000 tonnes dans sa seconde phase. Malgré le contexte, la demande en cuivre est encore suffisamment forte pour que les producteurs pratiquant des prix bas puissent vendre leurs marchan– Graham Lanktree dises.

Gracieuseté de Geometrica

LE MoLybDèNE

L’entreprise commune Sierra Gorda de KGHM produira chaque année 483 millions de livres de cuivre, 25 millions de livres de molybdène et 64 000 onces d’or.

Bruce Gordon/EcoFlight

UN AvENIR qUI NE tIENt qU’à UN FIL

LA FRACtURAtIoN, UNE SoLUtIoN INtéRESSANtE Comme l’exploitation et la production pétrolières et gazières dépendent de plus en plus de la fracturation hydraulique de zones de schiste non classiques, la demande de sable de fracturation explose, et les sociétés minières s’ajustent afin de répondre aux besoins. Les analystes de Morgan Stanley prédisent qu’en 2016, la demande bondira de 96 % par rapport aux niveaux de 2013, et prévoient une « … pénurie prolongée sur le plan de l’approvisionnement. » Select Sands (anciennement La Ronge Gold), entreprise de Vancouver, a fait l’acquisition de deux réserves de sable en 2014, à Lloydminster, en Saskatchewan, et dans le nord-est de l’Arkansas, pour pallier la pénurie de sable de qualité supérieure en Amérique du Nord. « De plus, les activités de production sont soit en train de se stabiliser, soit en recul », a noté Rasool Mohammad, président de Select Sands, expliquant que les réserves au Wisconsin sont en train de s’épuiser et que les futurs projets d’expansion se heurtent à l’opposition publique locale. « Une fois leurs réserves extraites, il ne leur en restera pas beaucoup, et la demande augmentera. » Victory Nickel et Athabasca Minerals emboîtent le pas en misant respectivement sur des réserves de sable de fracturation à Medicine Hat et à Fort McMurray, en Alberta. La qualité du sable, comme la silice du projet Firebag d’Athabasca Minerals sur la photo, dépend des caractéristiques suivantes : 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 grumeaux et de limon. À l’heure actuelle, la principale source nord-américaine de sable de cette qualité provient de gisements au Wisconsin et au Minnesota. – Kelsey Rolfe 78 | CIM Magazine | Vol. 9, No. 9

Les petites sociétés aurifères émergent de trois années difficiles, le recul des cours de l’or faisant fuir les investisseurs ; en 2013 seulement, il a chuté de 28 %. Toutefois en 2014, le cours s’est stabilisé à 1 300 $ l’once, et les petites sociétés ont commencé à réunir un peu plus de fonds. Cette période de calme relatif est terminée. « Au moment même où les investisseurs recommençaient à se sentir un peu plus à l’aise par rapport au secteur aurifère, les prix se sont mis à reculer », explique John Gravelle, leader du groupe Secteur minier pour le Canada et à l’échelle mondiale de PricewaterhouseCoopers (PwC). Selon M. Gravelle, bien que les petites sociétés aurifères réduisent les dépenses au strict minimum, elles sont plus résilientes que prévu. Il affirme que PwC a constaté quelques radiations de la cote, mais pas beaucoup. Il ajoute toutefois qu’en raison de la situation de trésorerie de bon nombre de petites sociétés, environ deux cents pourraient se voir radiées de la cote si les conditions perdurent encore quelques années. M. Gravelle a dit qu’il croyait que les entreprises se regrouperaient pour réduire les coûts et mettre en commun les ressources, mais cela ne s’est pas produit. « Elles doivent traverser une période difficile en ce moment, mais elles se sont montrées plutôt résilientes et ont décidé de camper sur leurs positions », fait-il remarquer. La Bourse de croissance TSX a assoupli les exigences réglementaires afin de permettre aux petites sociétés de réunir des capitaux auprès des actionnaires actuels sans avoir à déposer un prospectus intégral, et elle se montre plus souple par rapport aux dates limites de dépôt. Elle cherche également à réduire les exigences des prospectus – Kelsey Rolfe liés aux émissions de droits.

PASSAGE à L’ACtE À la suite de la décision indonésienne d’interdire l’exportation de minerai de nickel, et comme les Philippines envisagent la même législation, d’importantes lacunes en matière d’approvisionnement pourraient apparaître sur le marché. Les prix et la demande devraient augmenter à court terme : une bonne nouvelle pour les activités en difficulté comme à la mine d’Ambatovy à Madagascar. Ambatovy, qui est la plus grande mine de nickel latéritique au monde, n’a cessé d’augmenter sa production depuis 2012, en dépit des difficultés qu’elle connaît depuis le début. Sherritt International basé à Toronto, le principal intervenant du projet avec une participation de 40 %, a récemment réduit les prévisions de production de cette année, passant d’entre 40 000 à 45 000 tonnes de nickel fini, à entre 37 000 et 41 000 tonnes de nickel fini. Il s’agit de l’exploitation d’un gisement subaffleurant de minerai de latérite qui, même s’il est bien plus abondant à l’échelle mondiale que les gisements de sulfite, s’est révélé difficile à traiter de façon efficace. – Chris Balcom

JUSqU’où PEUt-oN DESCENDRE ? Les analystes du marché pétrolier tentent de « lire dans le marc de café » de l’industrie des sables bitumineux au Canada après la chute soudaine des prix du pétrole. Chaque année, les producteurs de pétrole réinvestissent la majorité de leur flux net de trésorerie dans le développement et l’exploration. Ainsi, comme l’explique Randy Ollenberger, directeur général de BMO Marchés des capitaux spécialisé dans l’industrie du pétrole et du gaz d’Amérique du Nord, le fond du problème est que « la baisse importante des prix du pétrole implique que l’on dispose de moins de flux net de trésorerie pour le réinvestissement. » Fin octobre, Goldman Sachs a estimé le prix du baril de pétrole 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 baril de pétrole ($/baril), et de 70 $ à 100 $/baril pour les projets miniers. Ainsi, les fusions et acquisitions ont probablement lieu en raison des prix bas, explique M. Ollenberger. Il ajoute cependant que « les petites sociétés ont, selon nous, la possibilité de continuer à prospérer. » Le Canada produit chaque jour 4,5 millions de barils de pétrole brut, aussi ce changement marqué des prix implique que les producteurs pourraient perdre environ 2,5 milliards $ sur l’année. La Banque du Canada s’inquiète du fait qu’une période prolongée de prix bas pourrait inciter les investisseurs à retirer leur argent de l’industrie et de sa chaîne d’approvi– Graham Lanktree sionnement.

PLUS oU MoINS Les grands producteurs de minerai de fer jouent les matamores alors que les prix continuent de s’effondrer. Malgré un retour de plus en plus discret, Rio Tinto, BHP Billiton et Vale semblent prêts à consentir des sacrifices à court terme afin de s’accaparer des parts de marché à long terme. – Ryan Bergen

REvENoNS à LA RéALIté Bien que l’inquiétude face à la domination chinoise sur le marché des métaux des terres rares se soit apaisée, bon nombre des sociétés occidentales qui ont profité, lors du boom des Avalon Rare Metals is developing the Nechalacho investissements deTerritories. 2009 à 2011, de l’afflux de capitaux project in the Northwest déclenché par ces craintes éprouvent des difficultés. En 2010, la Chine a produit environ 97 % du volume mondial de terres rares. Lorsque le gouvernement chinois a indiqué qu’il restreindrait les exportations, les investisseurs ont saisi l’occasion et investi des millions de dollars dans des sociétés non chinoises spécialisées dans l’extraction des métaux du groupe des terres rares. Au plus fort de la vague d’investissements, en 2011, le cours de l’action d’Avalon Rare Metals a culminé à 9,10 $. La bulle ayant maintenant éclaté, les actions de la société se négocient autour de 25 cents. Néanmoins, l’équipe d’Avalon s’est attachée à améliorer le schéma simplifié de traitement de son usine d’hydrométallurgie et espère que son projet Nechalacho dans les Territoires-du Nord-Ouest commencera à produire des métaux des terres rares d’ici 2018. Si Avalon réussit, Nechalacho fera partie du tout petit nombre de projets de métaux des terres rares réalisés à l’extérieur de la Chine. À ce jour, les seules sociétés non chinoises qui ont émergé de la frénésie d’investissements avec des mines en exploitation sont l’australienne Lynas Corp. et Molycorp, établie au Colorado, qui a déployé des efforts considérables pour améliorer les résultats de l’usine de traitement de sa mine Mountain Pass en Californie. Aujourd’hui, le marché s’est calmé, et la production chinoise semble se stabiliser, comptant pour environ 70 % de la production mondiale, selon un récent rapport du Council on Foreign Relations. – Chris Balcom

UN MétAL qUI tIENt boN L’argent a atteint un creux de quatre ans en novembre, et le prix, déterminé par des enchères électroniques, en contrarie plusieurs, notamment le chef de la direction de First Majestic Silver, Keith Neumeyer. Il a récemment laissé entendre que les producteurs d’argent devraient former un genre de cartel afin d’obtenir un meilleur prix pour leur produit. En octobre, l’entreprise de M. Neumeyer a annoncé qu’elle conserverait 934 000 onces d’argent en attendant que le marché s’améliore. Bien que bon nombre d’entreprises accueillent favorablement la proposition de M. Neumeyer, il serait difficile d’organiser une telle alliance, la plus grande partie des réserves d’argent étant produite en tant que métal de seconde fusion. – Chris Balcom December/Décembre 2014 • January/Janvier 2015 | 79

Gracieuseté de Avalon Rare Metals

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

Polkowice By Chris Balcom

STAY

Rooms at the Aqua Hotel are available from $90 to $170 (275 to 510 złotys). The hotel has conference rooms, a restaurant and a bar. As one might guess from the name, guests also have access to the hotel’s extensive aqua park. This popular complex includes saunas, pools and several outdoor slides,

Jan Jerszy´nski

WHERE TO

elcome to the heart of Poland’s copper country. Polkowice is a small but charming industrial 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 operated by Polish mining giant KGHM, headquartered in nearby Lubin. Formally recognized as a town in 1265, Polkowice’s medieval roots date back further still. The towns lies in the Silesian Region, which has traded hands between Czech, German and Polish rulers countless times over the centuries, and all have left a visible influence on the area.

GETTING

AROUND

WHERE TO

All officially registered taxis should be marked and use mandatory operating meters. Avoid unmarked taxis. This shouldn’t be an issue in Polkowice, but keep it in mind in larger cities and at the airport. Polish highways can be a bit unpredictable (both in terms of the road itself and your fellow drivers), so be cautious if you decide to drive yourself. Travelling through Poland by bus or train is quite cheap and reliable.

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

among other attractions. It is very adequate if you are travelling alone and ideal if you happen to have family in tow.

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

Located in the heart of town, the Hotel Polkowice is another reliable bet. All rooms include WiFi access, television and a balcony overlooking the town. Meals can be

One could also stay in Wrocław, the largest city in the Lower Silesian voivodeship (province), where there are many more hotel options, including well-known chains such as Ibis, Best Western and Radisson.

There are also a couple of restaurants specializing in different Asian cuisines, as well as several pubs offering simple Polish and North American fare.

To put some local colour in your cheeks, try nalewka, a traditional polish liquor made by aging ingredients such as herbs, fruits or molasses in a vodka or spirit.

DINE

Polish food is rich, hearty and satisfying, with meat, root vegetables and cabbage typically making up the majority of each meal. Polish kielbasa sausage and soups like borscht are known the world over, as are delicious pierogies, but they always taste better in Poland. Eating out is usually very inexpensive, especially given the quality.

If you’d like to sample some traditional cuisine while you’re in Polkowice, CIM Magazine recommends the Restauracja Polkowicka, which offers a menu full of traditional Polish and Silesian dishes. A substantial meal will run you about $10 (30 złotys). Pizzeria Verona is a local favourite. This Italian restaurant serves excellent pizza and offers a good selection of pastas and salads. Dishes range from $3-7 (10-20 złotys). There are a number of other Italian options in town to choose from including the Pizzeria Valentino and the Pizzeria Magnolia.

Alicia

TRAVEL

TIP The area has an appealingly mild climate.

While snow is common in winter, temperatures rarely fall to typical Canadian levels.

WHERE TO

EXPLORE MONEY Poland is a member state of the European Union but has not yet joined the shared currency. While it has committed to eventually doing so, it is very unlikely to happen in the near future. Poland currently uses the złoty, made up of 100 groszy. One Canadian dollar is worth about three złotys.

DOING

Klearchos Kapoutsis

Zetem

BUSINESS

While Polkowice is a lovely town, it is not home to any major attractions. Luckily, the surrounding region abounds with castles and palaces from the Middle Ages, including the mustsee Ksia˛z· Castle in Wałbryzych, about 100 kilometres away.

“Poland’s Venice” by foot or take a cruise down the Odra River. If you’re visiting during the holiday season, be sure to experience the magic of Wrocław’s Christmas market, with its array of seasonal treats, drinks and local handicrafts.

Visitors are well advised to explore Wrocław. A major city of more than 600,000 people, it has some lovely historic sites, including markets and dozens of majestic cathedrals. Much of the city’s baroque architecture has been beautifully restored after the destruction of the Second World War. Tour

A little closer to Polkowice, Złotoryja is a remarkably wellpreserved medieval town and tourist centre, complete with city walls from the 1300s. The town has a rich mining history stretching back to the

12th century, which continues today. Geologists might particularly enjoy Stołowe Mountains National Park, located in the southern part of the voivodeship. The park is well known for its unique rock formations and labyrinths, shaped by years of erosion. The Gross-Rosen Concentration Camp memorial is another noteworthy site and a sober reminder of the region’s troubled -history.

You might notice some faded German signs in

TIP the region – Polkowice was not part of Poland until after the Second World War.

Marcin

Spoko ws

Credit cards and debit cards are widely accepted. ATMs can be found in towns and cities alike.

Many younger people and businesspeople speak reasonable English, particularly in larger cities. There are fewer fluent English speakers in small towns such as Polkowice, but you should be able to get by without too much difficulty. In doing business it is advisable to make available Polish translations of any written material. Greet people with a firm handshake and maintain eye contact. Poles tend to be quite direct and formal in business. Punctuality is taken seriously and sealing a deal can be slow, as strict adherence to protocol is the norm.

HOW TO

TIP Polkowice is home to a successful women’s basketball team: CCC Polkowice. See if you can catch a game.

GET THERE

Wrocław’s Copernicus airport has incoming flights from several major European airlines including Lufthansa and RyanAir, so connecting from Canada is no problem. Several inexpensive buses run daily from Wrocław to Polkowice, or you could hire a taxi for about $100. December/Décembre 2014 • January/Janvier 2015 | 81

CIM community Peer review: a noble pursuit

Normand Huberdeau/N.H. Photographes Ltée

By Chuck Edwards, technical publications committee chair

The editorial staff at CIM Journal wishes to express our deepest thanks to our peer reviewers and chairs, who generously volunteer their time and

expertise to assess the importance, relevance and quality of submitted manuscripts. Peer reviewers and chairs play a key role in maintaining the high standard for CIM Journal papers. From its inception, CIM Journal has used the double-blind reviewing system whereby reviewers and authors are unknown to each other. Although the double-blind system is the most onerous, CIM considers it the best guarantor of a fair and unbiased peer review process, and thus the best way for CIM Journal to build and maintain its reputation. This is how we do it: A submitted manuscript is first assessed to assure it uses correct French or English,

and that it complies with our formatting rules. If not, it is returned to the author with suggested revisions to meet CIM Journal requirements. When a submitted manuscript is prepared for review, it is stripped of author information (including names, titles, affiliations and digital metadata) and sent to the appropriate technical society review chair. The peer review chair reads the manuscript and asks two peer reviewers to execute reviews. Peer reviewers can – and should – decline if they are not confident they can complete a thorough and competent review in a timely manner (ideally four weeks). Reviewers edit and add comments in

Thank you to our CIM Journal peer reviewers* Ashbee Abin Bakht Finley Bakker Nicola Banton Mark W. Bartlett Laura Battison Donna Beneteau Elyse Benguerel Jeff Boisvert Jan Boon Mohamed O. Bouna-Aly Jessica Bratty Keith Bullock Brian Buss Peter Cain Daniel Campbell David Cataford Shirley Chang Loy Chunpongtong David G. C. Clarry Karen Coates Michael Cody Jeff Colden Timothy Coleman

David Collins Silvana Costa Wesley Cragg David DesRoches Marcel M. Djivre Alison Donmez Franz Dziuba Chuck Edwards M. Stephen Enders Hendrik Falck Kimberly Ferguson Gus Fomradas Jennifer Galloway John R. Goode Martin Grenon John Hadjigeorgiou Chris Hawkes Gerhard W. Heinrich Robert Henderson Zara Hosseini Marty Hudyma Courtnay Hughes Michel Jebrak

Philip Keele Gabriel Kéroack Garth Kirkham Philipp Kirsch François Lavoie André Lemay David Lentz Volodymyr Liskovych Jin Liu Matt Lofstrom Glenn Lyle Eric Maag Jeff MacLean Joshua Marshall Stuart McTavish Patrick MercierLangevin Louise H. Michaud Dean Millar Doug Milne Robert Moroz Valery Morozov Bruce Murphy

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

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

Jan E. Nesset Chris O’Connor James Oakley Rimas Pakalnis Jacek (Jack) Paraszczak Catherine Pelletier Ian M. Plummer Gary Poxleitner J. R. Robert Pronovost Rasoul Rahmani Malcolm E. Robb John G. Robertson John D. Robertson Rafael M. Santos Thomas Saruchera Eric Schraml Janis Shandro Erfan Sharifi Debbie Shewfelt Shefa Siegel Alastair Sinclair Ana Carolina Silva Rob Sim

Alastair J. Sinclair Nalini Singh Larry D. Smith David Snyder Keith Spence Nathan Stubina Michael Sue Denis Thibodeau Sridevi Thomas Ursula Thorley Phil Thwaites John Tinucci David Tisdale John E. Tosney Sunil K. Tripathy Roger C. Urquhart Stéfanie Vo Kristian Waters David Watson Peter Whittaker William Xiao Theophile Yameogo

CIM community COM spotlights process advancements the manuscript, complete a simple form, and return the review documents to CIM Journal, along with a recommendation to either accept, require revision and re-review, or reject the submission. Reviews are assessed by the review chair, who renders a decision. The peer review process is coordinated using a combination of an online system and email correspondence by Janice Burke, the editorial coordinator. If you are interested in being a peer reviewer, submitting an article for review, or have any questions about the process, please contact Janice at jburke@cim.org. CIM

Volunteer technical publications chairs and co-chairs (including past co-chairs who served during this period) Canadian Mineral Processors Society Michael Sue, Catherine Pelletier (past) Geological Society Hendrik Falck Environmental & Social Responsibility Society Janis Shandro, Zoe Mullard, Angelique Slade-Shantz (past) Maintenance, Engineering and Reliability Society Marcel M. Djivre Management & Economics Society Mark Lamoureux Metallurgy & Materials Society Peter Lind, Erfan Sharifi Surface Mining Society Loy Chunpongtong, Tim Joseph (past) Society for Rock Engineering Martin Grenon, Doug Milne (past) Underground Mining Society Gary Poxleitner

Boyd Davis, COM 2014 conference chair and Kingston Process Metallurgy principal

Courtesy of the Metallurgy and Materials Society of CIM

By Kelsey Rolfe

The 53rd annual Conference of Metallurgists, held in Vancouver in late September, 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 from professional metallurgists to government representatives and academics. “It was about 65 per cent industry, 25 per cent academic, and the remainder was government and students,” said Boyd Davis, conference chair and Kingston Process Metallurgy principal. The conference explored various improvements to processing through sessions, events and 13 symposia on topics like arsenic metallurgy and the environment, process control applications and light metals processing. There were also two special events: a discussion on the role of extractive metallurgy societies in the global landscape and a session on risk management put on by the Management in Metallurgy section of the Metallurgy and Materials Society of CIM (MetSoc). The conference also recognized the contributions of professors Bill Davenport, Gilles Allard and Ram Rao in three special symposia, which looked at extractive metallurgy, vanadium, and metals and mineral processing and the environment, respectively. “The feedback [we received] was very positive,” Davis said. “It was that the quality of the papers were quite high, which is really good.” He also added that it was a “very international crowd,” with delegates coming from all over the world. MetSoc also hosted its awards night during the conference. Among the recipients were Mahi Sahoo of Suraja Consulting for the MetSoc Award for Research Excellence; Comondore Ravindran of Ryerson University for the MetSoc Distinguished Materials Scientist Award; Janice Zinck of Natural Resources Canada for the MetSoc CIM Distinguished Lecturer; and Université Laval for the Outstanding 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 December/Décembre 2014 • January/Janvier 2015 | 83

West meets East at the mining event of the year Back by popular demand, Erin Cebula, West Coast correspondent for Entertainment Tonight Canada and co-host Natasha Gargiulo, ETC East Coast correspondent, will do what they do best – entertain you!

AWARDS

Gala 2015

Monday, May 11, 2015

PRESENTED BY

AND ITS CANADIAN DEALERS

Palais des Congrès de Montréal Tickets: convention.cim.org Inquiries: registration@cim.org

CIM community OBITUARIES

CIM remembers those who have passed By Chris Balcom Over the past few years CIM has mourned the loss of many dedicated members of our community. We have compiled their names here in an effort to remember their years of devoted service to our organization and the mining industry at large. May they remain forever in our hearts. Glen F. Andrews passed away in 2012 at the age of 78. A well-travelled mining engineer, Glen had been a member of CIM since 1970. Lee Bilheimer passed away in 2013, in his 86th year. Lee joined CIM in 1970 and became a life member in 2000. He received the McParland Memorial Award for Excellence in Maintenance, Engineering and Reliability in 1995 for his work as a mining engineer. Henry (Hank) Bloy had been a life member of CIM for more than 20 years when he passed away on Christmas Eve, 2013. Hank received several honours over the course of his long career in the industry including the CIM Distinguished Service Medal in 1985. In addition, he received the BTA Bell Commemorative Medallion for service to the Canadian mining industry on the occasion of the 100th Continuous Year of Publication of the Canadian Mining Journal, and the William H. Cameron Award. Hank also served as manager of the Mining Association of Manitoba for more than a decade, and was chair of the John T. Ryan Safety Committee for many years. James (Jim) K.B. Booth passed away at the age of 91 on Nov. 11, 2013. Jim first joined CIM in 1959, after moving to Canada from his native England to work for Rio Tinto. He eventually left Rio Tinto to chart his

own course and wound up founding a mining consultancy firm in collaboration with his partners Derry and Michener. Jim became a CIM life member in 1991. Donald George Cardy (1929-2014) of St. Andrews, Manitoba had been a CIM member since 1967 and a life member since 1998 when he passed away at the age of 84 last February. William (Webb) Cummings (19262013) had been a life member of CIM since 1989. Webb first joined CIM as a mining engineer in 1950. He spent much of his life and career based in British Columbia but worked across the country and abroad. Walter Curlook (1929-2014) enjoyed a long and rewarding career as a research metallurgist. Curlook was inducted into the Order of Canada in 1996 and the Canadian Mining Hall of Fame in 1997 for his contributions to the industry and Canadian economy. Upon his retirement from Inco in 1997, Curlook returned to academia and was a distinguished adjunct professor at his alma mater, the University of Toronto. R. Bruce Ferguson passed away on Sept. 24, 2013 at the age of 68, the same year he became a CIM life member. He worked as a metallurgical engineer for many years, most recently in Nevada, and joined CIM in 1976. Bruce C. Fielder (1960-2014) worked as a metallurgical engineer with Cameco and later Mellis Engineering Ltd., where he was employed until passing away last January at the age of 53. Bruce enjoyed working on several projects across the country and around the world.

Anders Haag had been a CIM member since 2003. He had worked in Chile for Xstrata since 2000, where he served as the company’s regional manager. Anders passed away in 2012 at the early age of 48. R.G. (Bob) Hilker, a life member of CIM, passed away on April 23, 2013, at the age of 83. A geologist by training, Bob founded his own successful geological consulting company, Tron Duik Consultants Ltd., in 1969. Lionel Hurst joined CIM in 1979, and became a life member in 2002. Lionel worked at Falconbridge nickel mines for 27 years, and recently passed away at the age of 90 in 2014. Barbara Jewers moved to Fort McMurray from her native Nova Scotia in 1990, where she worked as an engineer with Syncrude for 23 years. She passed away on Sept. 17, 2013 at the age of 46. Thomas William Kierans (19132013) was a genuine visionary in the engineering field. Tom began his career in 1939 when he went to work in the Sudbury Nickelbelt and eventually became Inco’s head safety engineer, during which time he introduced some important reforms. In the late 1960s and early 1970s Tom helped design the Churchill Falls Hydropower project in Labrador. Later he accepted a post at the Memorial University of Newfoundland’s engineering faculty. Tom’s legacy will be forever associated with the unique ability to see engineering solutions to environmental problems. Some of his most significant projects and ideas include the Great Recycling and Northern Development (GRAND) Canal of North America, Strait of Belle Isle Fixed Link, Southside Hills develDecember/Décembre 2014 • January/Janvier 2015 | 85

CIM community opment, and Deltaport. Tom first joined CIM in 1945. He was 100 years old when he passed away in November 2013. Jacobus (Jack) Kriens passed away in his 80th year on May 8, 2011. Jack had been a member of CIM since 1964 and a life member since 1998. Gregory W.R. Kuzyk (1944-2013), a life member of CIM, was trained as a mining engineer and worked at Atomic Energy Canadaâ&#x20AC;&#x2122;s Underground Research Laboratory for 26 years. He was 68 years old when he passed away on July 3, 2013. Paul H. Lindon (1939-2014) enjoyed a long career as a metallurgical engineer and academic. He first worked with Falconbridge Nickel Mines Ltd. from 1969 to 1980, and later became a professor at Laurentian University, where he worked until his retirement in 2005. He had been a CIM member

since 1990, and passed away in February 2014 at the age of 74. Edward (Ed) Patton was an active member in CIMâ&#x20AC;&#x2122;s Maintenance/ Engineering Division (now Maintenance, Engineering and Reliability Society) and enjoyed a long and distinguished career as an electrical specialist. Ed joined CIM in 1990 and received a CIM Fellowship in 2012. He passed away on Sept. 28, 2014 at 72 years of age. John (Johnny) Price passed away in his 81st year on June 18, 2014. He had been an Individual National member of CIM since October 2011. Saulius (Sal) Masionis passed away on Oct. 21, 2013 at the age of 70. Sal moved to Canada from Lithuania in 1949, and enjoyed his career in the world of finance, working as a stock broker with Brant Securities for 20 years. Sal joined CIM in 2009 and was a member of the CIM Toronto Branch.

Ă&#x2030;TABLISSEZ LE CONTA ACT

Reginald William Smith joined CIM in 1983 and became a life member in 2008. Reginald moved to Canada from the United Kingdom in his 30s, and worked at Queenâ&#x20AC;&#x2122;s University as a professor of metallurgy for many years. He passed away in May 2014 at the age of 83. Donald William Tully joined CIM in 1962 and had been a life member since 1991. Donald earned himself a strong reputation as a geologist in the B.C. mining community throughout his career. He was 94 years old when he passed 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 joined CIM in 1994. He was 72 years old. Please send any and all memorial notices of CIM members to us at membership@cim.org.

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2015 CIM CALENDAR OF EVENTS CALENDRIER DES ÉVÉNEMENTS DE L’ICM CONFERENCES | CONGRÈS Jan. 20-22

47th Annual Canadian Mineral Processors Conference (CMP 2015) 47e Congrès annuel des minérallurgistes du Canada

Jon Benjamin Photography

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

Jon Benjamin Photography

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

Courtesy of the Metallurgical and Materials Society of CIM

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

Courtesy of CMP

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

educational show on mining, minerals, metals and materials M4S | The Le salon éducatif sur les mines, minéraux, métaux et matériaux

M4S Montréal 2015

M4S MEMO Edmonton 2015

M4S Québec Mines Découverte 2015

Montréal, Québec May 11-13

Edmonton, Alberta Oct. 5-6

Québec, Québec Nov. 24-26

December/Décembre 2014 • January/Janvier 2015 | 87

CALENDRIER DES ÉVÉNEMENTS DE L’ICM

Courtesy of CIM Amos Branch

2015

CIM CALENDAR OF EVENTS

EASTERN DISTRICT | DISTRICT DE L’EST MARITIMES, NEWFOUNDLAND AND LABRADOR, QUEBEC LES MARITIMES, TERRE-NEUVE ET LABRADOR, QUÉBEC

AMOS Contact: Robert Cloutier (rcloutier@royalnickel.com)

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

29 avril Dîner-conférence : thème financier, lieu à confirmer 1 mai Tournée Affaires et croissants, Souper-conférence & perspectives d’exploration 2 mai Kiosques d’exposition d’entreprises de l’industrie minière, 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 (patrick.houle@mrn.gouv.qc.ca)

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 (marcel.h.jolicoeur@gmail.com)

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

LABRADOR Contact: Mark Blake (mark.blake@ironore.ca)

Events still in planning stage

MONTRÉAL Contact: Hani Mitri (hani.mitri@mcgill.ca)

Events still in planning stage

NEW BRUNSWICK (BATHURST, NB) Contact: Robert McVeigh (robert.mcveigh@potashcorp.com)

Events still in planning stage

NEWFOUNDLAND Contact: Len Mandville (lenmandville@gov.nl.ca)

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

QUÉBEC Contact: Louis Marcoux (marcoux57@hotmail.ca )

26 janvier 31 janvier 16 février 16 mars

Conférence, Université Laval Tournoi de curling, Club de curling Etchemin, Lévis AGA et conférence, Université Laval Soirée étudiante, Étudiants étrangers : présentateurs, Université Laval 13 avril Conférence, Université Laval

QUÉBEC NORD-EST (SEPT-ÎLES, QC) Contact : Patrice Tremblay (patrice.tremblay@riotinto.com) SOIRÉES TECHNIQUES ET CONFÉRENCES

Janvier, février, mars, avril, mai

ROUYN-NORANDA Contact : Sylvain Lépine (rn@icmrn.ca)

14 janvier Estimation des ressources minérales NI 43-101 et les 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 (steve_thivierge@iamgold.com)

Janvier Février Février Avril Avril Avril Mai Septembre Octobre Novembre

Conférence (conférencier à confirmer), UQAC 5 à 7 et l’Assemblée annuelle, UQAC Conférence (conférencier à confirmer), UQAC Semaine minière, Bar des mines (forum de discussion sur un thème), Chicoutimi Visite industrielle, Lac St-Jean Party de crabes Exposition minérale régionale, UQAC Visite industrielle, détails à déterminer Oktoberfest, Chicoutimi Party d’huîtres, Chicoutimi

THETFORD MINES Contact: Normand Boutet (normand.boutet@cgocable.ca)

Janvier Tournoi de curling, AGA et remise de bourses étudiantes Août Tournoi de golf CONFÉRENCES

Mars, avril, septembre, octobre, novembre

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

CIM CALENDAR OF EVENTS

2015

Courtesy of CIM Northern Gateway Branch

CALENDRIER DES ÉVÉNEMENTS DE L’ICM

CENTRAL DISTRICT | DISTRICT DU CENTRE MANITOBA & ONTARIO MANITOBA ET ONTARIO

COBALT (HAILEYBURY, ON) Contact: Todd A. Steis (todd.steis@mti.ca)

Events still in planning stage

GREATER TORONTO AREA WEST (MISSISSAUGA, ON) Contact: Gerry Son Kee (gerry.sonkee@raymondjames.ca)

Feb. 11 Reception: Membership Drive Cocktail, Golder Associates 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 Wine Cocktail at Hatch, Oakville NETWORKING LUNCHEONS, OTELLO’S BANQUET AND CONVENTION CENTRE, OAKVILLE

RED LAKE Contact: Janice Wallgren (janice.wallgren@goldcorp.com)

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

SUDBURY Contact: George Darling (george.darling@snclavalin.com)

Jan. 15 Feb. 7 March 19 April 16 June 12 August

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

HAMILTON Contact: Shannon Clark (shannon.clark@arcelormittal.com)

Events still in planning stage

NORTHERN GATEWAY (NORTH BAY, ON) Contact: Annemarie Rhindress (Annemarie.rhindress@cityofnorthbay.ca)

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

OTTAWA Contact: Jean-Francois Fiset (jean-francois.fiset@NRCan-RNCan.gc.ca)

Events still in planning stage

PORCUPINE (TIMMINS, ON) Contact: Shannon Campbell (shannon.campbell@glencore-ca.com)

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

General Membership Meeting, Dynamic Earth Winterlude Dinner and Social, Caruso Club General Membership Meeting, Dynamic Earth CIM Distinguished Lecturer, Dynamic Earth Lobster Dinner and Dance, Caruso Club Annual Rudolph Kneer Memorial Golf Tournament, Lively Golf and Country Club

SUDBURY GEOSECTION Contact: Phil Thurston (pthurston@laurentian.ca)

Events still in planning stage

THOMPSON Contact: Inge Robinson (Inge.Robinson@vale.com)

Events still in planning stage

THUNDER BAY Contact: Mark Smyk (mark.smyk@ontario.ca)

January March April November December

Mineral Resource Investment Showcase Annual Curling Funspiel Student Paper Night Guest Lecturer Christmas Cocktail Party

TORONTO Contact: Alicia Ferdinand (alicia@provenreserves.ca)

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

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

WINNIPEG Contact: Ed Huebert (edhuebert@mines.ca)

Events still in planning stage

December/Décembre 2014 • January/Janvier 2015 | 89

2015

CIM CALENDAR OF EVENTS CALENDRIER DES ÉVÉNEMENTS DE L’ICM

Courtesy of CIM Saskatoon Branch

SOUTH CENTRAL BC KAMLOOPS, BC Contact: Vanessa Roeland (vanessa.roeland@teck.com)

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

TRAIL Contact: Marvin Newfeld (marvin.newfeld@teck.com)

Events still in planning stage

VANCOUVER Contact : Grant Carlson (gcarlson@srk.com)

Nov. 19 Annual Student Night LUNCHEONS

WESTERN DISTRICT | DISTRICT DE L’OUEST

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

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

CALGARY Contact: Patrick Landry (patrick.landry@teck.com)

Contact: David Watson (david_watson@gov.nt.ca)

Events still in planning stage

WHITEHORSE Contact: Paul Christman (paul.chrisman@tmacresources.com)

Events still in planning stage

CIM CALGARY TECHNICAL LUNCHEONS, FAIRMOUNT PALLISER

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

INTERNATIONAL

CROWSNEST Contact: North Jones (north.jones@teck.com)

Events still in planning stage

EDMONTON Contact: Tim Joseph ( timjoseph@jpicanada.com)

Jan. 5 CIM Student Awards Presentation and Awards Night: 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 BC Contact: Jerome LaMarre (JLaMarre@tasekomines.com)

Feb. 7 CIM North Central BC Branch Bonspiel, Christy Smith, Guest Speaker, Williams Lake June 16-18 CIM North Central BC Branch AGM, Guest Speaker, Prince George

OIL SANDS (FORT MCMURRAY, AB) Contact: Cameron Newton (cameronnewtoncet@gmail.com)

Events still in planning stage

SASKATOON Contact: Michael Fieber (michael.fieber@mosaiccco.com)

Jan. 22 Environmental Safety Night, The Sheraton Cavalier 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 SECTION Contact: Cory Kos (cory_kos@cameco.com)

Events still in planning stage 90 | CIM Magazine | Vol. 9, No. 9

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

LOS ANDES – CHILE Contact: Paula Quijada (cimlosandes@vtr.net)

Events still in planning stage

LIMA – PERU Contact: Siegfried Arce (sarce@viasac.com )

Jan. 23 Mining 101 Short Course: Siegfried Arce, Guest Speaker, Lima March Mining and Society, Several Guest Speakers, Lima April 24 Mining 101 Short Course: Siegfried Arce, Guest Speaker, Trujillo May 9-13 Peru Participants to CIM Convention and Mine Tour, 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 – SENEGAL Contact: Oumar Toguyeni (Oumar_toguyeni@Iamgold.com)

Mars Juin Octobre Automne

Fiscalité minière Normes 43-101 et JORC Traitement des minerais réfractaires RSE Sénégal

BURKINA FASO Contact: Tidiane Barry: (tidiane_barry@iamgold.com)

Events still in planning stage

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

2015

CIM CORPORATE MEMBERS | MEMBRES CORPORATIFS DE L’ICM p 95

48e Nord International A

p 95

Acier St-Michel Inc. Aciers SSAB Suédois Ltée ACP Applied Products Ltd. Adrok Ltd. Aecon Mining AGS Movers AIL Mining AkzoNobel Chemicals Ltd. Alexander Proudfoot Alight AMEC ArcelorMittal Mining Canada G.P. Atlas Copco Mining and Rock Excavation Technique Canada Ausenco Axter Coletanche Inc. B

p 98

Barrick Gold Corporation BASF BAT Construction Ltd. Benshaw Canada BKT Tires Canada Inc. BlackRock Metals Inc. Boart Longyear Bradken Brandt Tractor Brault Maxtech Inc. C

p 101

Caledonia Mining Corporation Candente Copper Corporation CBleue Inc. Centre for Excellence in Mining Innovation (CEMI) CK Logistics Colossus Minerals Inc. Conspec Controls Limited Copper Development Association Inc. COREM Crevier Lubrifiants Cullen Diesel Power Ltd. CWA Engineers Inc. Cypher Environmental Ltd. D

p 103

D3 Mining Solutions Dassault Systèmes Canada Software Inc. De Beers Canada Dominion Diamond Corporation Dragon Global Group DSI Mining Canada Dyno Nobel E

p 105

Eco Waste Solutions Element Mining Ltd. Emerson Electric Canada Limited

p 105

Festo FLSmidth FLSmidth Ltd. Fountain Tire Mine Service Ltd. Frontline Integrated Services Ltd. Fusionex une compagnie de Wolseley G

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 CLR Groupe MISA H

p 109

Hard-Line Hatch Ltd. Haulmax (Aust) PM Ltd. Hecla Mining Company Hella Inc. Canada Herrenknecht Tunnelling Systems Canada Inc. Hewitt Equipment Limited HumEng International Inc. I

p 110

IBK Capital Corp. IDS North America IMAFS Inc. Intergraph Canada Ltd. Iron Ore Company of Canada ISM – Industrial Steel Manufacturing Inc. J

p 111

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

Mabarex Inc. Maptek McCarthy Tétrault S.E.N.C.R.L., s.r.l. McCue Engineering Contractors McLanahan Corporation Micromine Ltd. Mine Cable Services Corporation Mine Site Technologies Mining Publications International Mosaic Company, The Mullen Trucking LP. MWH Global Inc. N

p 117

New Millennium Iron Corp. NL Department of Natural Resources North Fringe Industrial Technologies Inc. NTN Bearing Corporation of Canada Ltd. O

p 117

Oboni Riskope Associates Inc. Outotec Canada P

p 118

P.R. Engineering Ltd. Pacific Bit of Canada Inc. Paul F. Wilkinson & Associates Inc. Pex Industrial Pipe Solutions Pneuma-Tool Inc. Polar Mobility Research Ltd. Potash Corporation of Saskatchewan Praetorian Construction Management PROVIX Inc. PVA Consulting Group Pyott Boone Electrics Canada Limited (PBE Group)

p 114

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

p 119

p 120

RAX Enterprises Inc. Redpath Mining Contractors & Engineers REM Resource Engineering & Maintenance Ressources Québec Richwood Rio Tinto Iron & Titanium Rockhound Limited Rockwell Automation Rulmeca Canada Limited

p 121

SAFEmap International Inc. Schlumberger Water Services Sentry Equipment Corp. Service aux entreprises Harricana Sherwin-Williams Protective & Marine Coatings Division Siemens Canada Ltd. SKF Canada Ltd. SM Construction Inc. SMS Equipment SNL Metals & Mining SRK Consulting (Canada) Inc. Stonehouse Mining Corp. Struttmann Consulting Stuart Olson Industrial Constructors Suncast Polytech Inc. Suncor Energy SYNTHESARC INC. T

p 124

Teck Resources Limited Tega Industries Canada Inc. TerraSource Global Tetra Tech WEI Inc. Thibault & Associates Inc. Thyssen Mining Construction of Canada Ltd. Timken Canada U

p 125

Ultra Seat Corporation United Rentals Pump Solutions V

p 125

Vallée Val’s Drilling Limited Vatne Concrete Systems Ltd. Veyance Technologies Canada Inc. (Goodyear Engineered Products) Victaulic W

QinetiQ Ltd. R

RungePincockMinarco (Canada) Limited S

p 115

p 112

Kalenborn Canada Inc. Kal Tire Mining Tire Group Kamco Installations Ltd. Key Maintenance Technologies Kinross Gold Corporation Klohn Crippen Berger Ltd. KPI Industrial Controls Inc. Kreator Equipment & Services Inc. L

Levert Personnel Resources Inc. Limpact International Limited

p 126

Wajax Equipment Wajax Power Systems Watts, Griffis and McOuat Limited Wenco International Mining Systems Ltd. WesTech Engineering, Inc. Western Potash Corp. Westlund (division of Emco Corp.) Wire Rope Industries Ltd. W.S. Tyler X

p 128

Xylem

December/Décembre 2014 • January/Janvier 2015 | 91

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 DELIVERS GLOBAL OPPORTUNITIES Get 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.

CORPORATE RECOGNITION 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.

GROWTH & SUSTAINABILITY

EMPLOYEE DEVELOPMENT 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.

SPECIALIZED KNOWLEDGE Beneﬁt 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.

Help secure the long-term prosperity and sustainability of the industry and provide vital support to our communities.

IT’S ALL MINE AT CIM.ORG JOIN THE CIM COMMUNITY AND GET INVOLVED. IT’S REWARDING.

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

2015

CIM CORPORATE MEMBER PROFILES | PROFILS DES MEMBRES CORPORATIFS The CIM Corporate Member Directory provides access to leading companies that are working together to foster a strong and cohesive industry. It showcases the breadth of expertise, products and services offered by CIM corporate members, helping you find the right contacts to further your business. Our corporate members recognize that success is the result of valuable connections: a network of professional and business leaders who are shaping the industry. CIM’s influential community of 15,000 members and its dynamic network of 41 branches across Canada and around the world can help you forge valuable connections with top decision-makers and industry partners in your area of operation. You can collaborate, engage and connect with thought leaders, key influencers and experts through our 10 Technical Societies. Connect with our CIM Corporate Members directly for more information on their products and services or visit the Member Services page of our website at www.cim.org. CIM Corporate Membership positions your company as a leader among leaders and reinforces your global visibility. We can work together to bring more value to your corporate membership. Please contact us at membership@cim.org.

Le répertoire des membres corporatifs de l’ICM vous donne accès aux principales sociétés du secteur qui collaborent à bâtir une industrie plus forte. Il présente l’étendue de l’expertise, des services et des produits que proposent les membres corporatifs de l’ICM et vous aide à trouver les interlocuteurs les plus adaptés à vos opportunités d’affaires. Nos membres corporatifs reconnaissent que la réussite est le fruit de relations précieuses avec des professionnels et des dirigeants d’entreprises qui façonnent l’industrie. Nos membres corporatifs bénéficient d’une communauté de plus de 15 000 membres et d’un réseau de 41 sections locales et internationales regroupant les décideurs et partenaires importants de l’industrie dans votre secteur d’activité. Vous pourrez établir des contacts et collaborer avec des leaders d’opinion mondiale, des personnes d’influence, et des experts par le biais de nos 10 sociétés techniques. Communiquez directement avec les membres corporatifs de l’ICM pour obtenir plus d’informations sur les produits et services qu’ils proposent, ou consultez notre site Web au www.cim.org. L’ICM positionne votre entreprise parmi les chefs de file et renforce votre visibilité à l’échelle mondiale. Pour plus d’information sur les bénéfices d’une adhésion corporative, veuillez communiquez avec nous au membership@cim.org.

Marjolaine Dugas Director of Member Services

Marjolaine Dugas Directrice, services aux membres

December/Décembre 2014 • January/Janvier 2015 | 93

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 ASSURE DES OPPORTUNITÉS INTERNATIONALES 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 RECONNAISSANCE DE 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.

LA CROISSANCE & LA VIABILITÉ

LE PERFECTIONNEMENT DE 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.

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.

Contribuez à garantir la prospérité et la durabilité de l’industrie et oﬀrez à nos communautés le soutien vital dont elles ont besoin.

LE MONDE DES MINES S’OUVRE À VOUS AU CIM.ORG JOIGNEZ-VOUS À L’ICM ET IMPLIQUEZ-VOUS. C’EST VALORISANT.

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

48e Nord International Olivier Pâquet 70 ave. du Lac Rouyn-Noranda, QC J9X 5C1 (819) 762-4923 x: 242 olivier.paquet@48inter.com www.48inter.com

48e Nord International is a non-profit organization, whose mission it is to act as a catalyst for the growth of international trading activity in Abitibi-Témiscamingue. 48e Nord International works closely with regional economic players and government partners to help regional companies become export-ready. The organization also represents Quebec companies that offer products and services to the minerals industry around the world. 48e Nord international est un organisme à but non lucratif qui a pour mission d’être le catalyseur de la croissance des activités de commerce extérieur en Abitibi-Témiscamingue. 48e Nord international travaille de façon étroite avec les intervenants économiques de la région et les partenaires gouvernementaux dans le but d’offrir aux entreprises de la région une expertise les préparant à l’exportation. L’organisme représente également les entreprises québécoises offrant des produits et services à l’industrie minérale et ce, à l’échelle internationale.

Acier St-Michel Inc. Bernard Richard 1155 ave. Laplace Laval, QC H7C 2N6 (514) 374-4970 www.acierstmichel.com/

Acier St-Michel Inc. is recognized for its experience and professional work, which has generated a solid reputation for quality and reliability since it was established in 1984. The satisfaction of our customers is our priority. We design, fabricate and/or install storage tanks, pressure vessels, chimneys, hoppers and silos, and repair and provide maintenance for rotary furnaces, evaporators and/or on-site installation of equipment, such as agitators, pumps, et cetera. Étendant son champ d’action du Grand Nord à l’Est canadien en passant par le Québec et l’Ontario, Acier St-Michel est

2015

une entreprise d’expérience, jeune et dynamique, qui s’est forgé une solide réputation dans le domaine des travaux d’acier. Pour tous travaux d’acier : les ouvrages de plaques, les réservoirs, cheminées, trémies, silos, réparation et entretien de fours rotatifs, de réservoirs, d’évaporateurs et jusqu’à l’installation en chantier d’équipements tels que les agitateurs, les pompes, et cetera., il n’y a qu’une entreprise à contacter : Acier StMichel.

minous geomembrane. The bituminous geomembrane, with its ability to remain watertight over the long term and to perform at sub-zero temperatures at harsh chemical environments, is an optimal solution for hydraulic and environmental management. Typical projects include ponds, diversion channels, landfill lining and capping, dams and canals, just to name a few. Our solutions offer savings in bedding and cover materials, and help expand your construction horizon.

Aciers SSAB Suédois Ltée

Adrok Ltd.

Patrick Leclerc 220 rue Industrielle Delson, QC J5B 1W4 (514) 364-1752 www.ssab.com

Gordon Stove 49-1 W. Bowling Green St. Edinburgh, United Kingdom EH6 5NX 44-131-555-6662 www.adrokgroup.com

SSAB is a global leader in value-added high-strength steel. The company offers products developed in close cooperation with its customers to reach a stronger, lighter and more sustainable world. Hardox® maximizes the wear performance of your equipment and machines, reducing workshop lead times and increasing the overall productivity of your operations. Thanks to its consistent properties, Hardox’s performance remains consistent across its lifetime. That also makes its service life very predictable, allowing you to rationalize your repair schedule.

At Adrok, we are passionate about helping make the world a better place by improving our clients’ understanding about what lies beneath the earth. We develop and use advanced technology to supply geophysical services for locating, identifying and mapping subsurface natural resources (oil, gas, water, minerals). We provide our clients with measurements of the subsurface natural resources, rock types and rock sequences before drilling. We call our technology Atomic Dielectric Resonance. We call our services Predrilling Virtual Logging®.

SSAB est un leader mondial du secteur des aciers haute résistance à valeur ajoutée. SSAB offre des produits élaborés en étroite collaboration avec ses clients pour respecter les caractéristiques du monde qui nous entoure et en préserver encore mieux les précieuses ressources. Grâce à sa grande homogénéité, les performances de Hardox restent inchangées sur toute la durée de vie du matériau. Cela permet également de prédire sa durée de vie avec une grande précision, afin de pouvoir rationaliser le planning de réparation.

ACP Applied Products Ltd. Rahul Lakhote 201-5550 152nd St. Surrey, BC V3S 5J9 (604) 363-6878 www.acpapplied.com

Aecon Mining John Singleton 301-1003 Ellwood Rd. SW Edmonton, AB T6X 0B3 (780) 430-4070 www.aecon.com

As one of Canada’s leading construction and infrastructure development companies, Aecon provides turnkey solutions to our clients by handling virtually every aspect of mining development – from site preparation to final equipment installation. Backed by 130 years of experience, Aecon has significant resources, expertise and knowledge, often operating in some of the most hostile environments in the world.

The ACP team offers turnkey hydraulic and environmental solutions driven by our bitu-

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2015

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

ground or they can be assembled and advanced one section at a time. For added strength and support, fill material is pumped through grout couplings or ports.

AGS Movers Paul Massardier 65 Bofors Circle, Epping 2 Cape Town, 7460, South Africa 27-21-8183200 jerome.jamet@agsmovers.com www.ags-demenagement.com

As the leading removals company in Africa, the AGS Group has subsidiaries throughout the continent and experience in every African country. Mining operations are expanding into areas where infrastructure is underdeveloped, posing logistical challenges. With comprehensive knowledge of the African continent, and experience providing services for some of the biggest mining companies working in Africa, AGS offers a unique solution. The AGS network can ensure high-quality removal services for every African project. En tant que leader du déménagement en Afrique, le Groupe AGS dispose de filiales à travers tout le continent. Les opérations minières se développent dans des régions où l’infrastructure est souvent inadéquate et l’expérience d’AGS permet de résoudre tout problème de logistique. Le Groupe AGS met à votre disposition sa connaissance approfondie du continent et son expérience auprès des plus grandes compagnies minières en Afrique. Le réseau AGS vous garantit des services de haute qualité pour vos projets africains.

AkzoNobel Chemicals Ltd. Mark P. Podwysocki 323 Crystal Green Rise Okotoks, AB T1S 2N5 (403) 461-7782 mark.podwysocki@akzonobel.com www.akzonobel.com/surface/markets/

AkzoNobel provides high-quality reagents for mineral extraction and anti-caking applications with advanced colloid and surface chemistry. We have more than 40 years of global R&D experience in molecular and surface chemistry, supported through feedback from the mining industry. Our strength is in customized solutions for each individual ore, carbonates, feldspar, quartz and other minerals. AkzoNobel fournit les réactifs de haute qualité pour l’extraction minière et les applications anti-agglomérant avec avancée colloïde et chimie de surface. Nous avons plus de 40 ans d’expérience internationale de recherche et développement en chimie moléculaire et surface, prise en charge à travers les réactions de l’industrie minière. Notre force réside dans des solutions personnalisées pour chaque minerai individuel, carbonates, feldspath, quartz et d’autres minéraux.

AIL Mining Don Michaluk 111 Springstead Ave. Stoney Creek, ON L8E 6E7 (289) 775-8958 dmichaluk@ailmining.com www.ailmining.com

THE EDGE Four-Flange Structural Liner is ideal for creating underground structures such as mine shafts, ventilation raises and escape-ways. THE EDGE is stronger, faster and more economical than continuous smooth steel or concrete alternatives. The resulting structures are strong, versatile and safer because they can be assembled from the inside.THE EDGE Four-Flange Structural Liner provides a safe and costeffective addition for ground support in hazardous areas. Components transport easily to remote sites, where they can be assembled quickly and safely from the inside. Structures can be completely assembled and moved into an area of unsupported 96 | CIM Magazine | Vol. 9, No. 9

Alexander Proudfoot Jon Wylie Canada Trust Tower, Brookfield Pl. PO Box 508, 161 Bay St, 27th Floor Toronto, ON M5J 2S1 (416) 572-2032 jwylie@alexanderproudfoot.com www.alexanderproudfoot.com

Alexander Proudfoot is the pioneer for implementation of operational improvement programs. For more than 65 years, we have partnered with companies in the mining and metals industry to execute their business strategies through improved management effectiveness and by embedding the disciplines required to deliver sustainable change. We have strong relationships with mining and metals companies all over the world – from major

diversified miners to junior mining and mining contracting companies. Alexander Proudfoot fait figure de pionnier dans la mise en place de programmes d’améliorations opérationnelles. Depuis plus de 65 ans, nous nous sommes associés à des entreprises du secteur des mines et métaux afin de mettre à exécution leurs stratégies commerciales par une amélioration de l’efficacité de leur gestion et l’intégration de la discipline requise pour parvenir à un changement durable. Nous entretenons de solides relations avec des sociétés minières et métallurgiques dans le monde entier, des poids lourds du secteur aux activités diversifiées aux jeunes entreprises minières et autres sous-traitants.

Alight Thomas Struttmann 600-44 Montgomery St. San Francisco, CA, USA 94104 (800) 960-7717 tstruttmann@alightinc.com www.alightinc.com

Alight Mining helps the world’s leading mining companies achieve superior financial performance through continuous financial optimization. Alight Mining’s applications for gold, copper, coal, iron ore and silver let you: • Measure and compare the impact of industry changes on your mining enterprise. • Optimize your financial performance by doing multiple “What if” scenarios. • Record your decisions and use them to compare and analyze actual results. • Alight Mining – continuous financial optimization for the mining enterprise. Alight Mining aide les plus importantes sociétés minières du monde à atteindre un rendement financier supérieur grâce à l’optimisation financière continue. Les applications Alight Mining vous permettent de : • Mesurer et comparer l’impact des changements de l’industrie sur votre entreprise minière • Optimiser votre performance financière en faisant des scénarios multiples “What-if “ • Notez vos décisions et de les utiliser pour comparer et analyser les résultats réels • Alight Mining – optimisation financière continue pour l’entreprise minière.

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

AMEC Bob Stanlake 400-111 Dunsmuir St. Vancouver, BC V6B 5W3 (604) 664-4315 mining@amec.com www.amec.com

AMEC develops some of the most challenging mining projects in the world. We are known for our comprehensive EPCM services for new projects and existing mine operations, as well as for complete mining and geology consulting, environmental assessment, mine design, and water treatment expertise. AMEC operates more than 300 offices around the world including centres of mining expertise on five continents.

ArcelorMittal Mining Canada G.P. Steve Wood 1400-1801 rue McGill College Montreal, QC H3A 2N4 (514) 285-1464 x: 1292 (PA) www.transformerlavenir.com

ArcelorMittal produces and ships annually about 24 million tons of iron ore products in global markets. It operates extensive facilities on the Quebec North Shore: a mining complex railway; a pellet plant; a port; and maintenance shops. Committed to the principles of sustainable development and backed by the immense talent of nearly 2,800 employees, ArcelorMittal Mining and Infrastructure Canada G.P. are owned 85 per cent by ArcelorMittal, the world’s number one steel company, and 15 per cent by Posco/China Steel Corporation. ArcelorMittal produit et expédie annuellement environ 24 millions de tonnes de produits de minerai de fer sur les marchés mondiaux. La Société exerce ses activités sur la Côte-Nord où elle possède d’imposantes installations (complexe minier, chemin de fer, usine de bouletage, port et ateliers d’entretien). Souscrivant aux principes du développement durable et s’appuyant sur l’immense talent de ses quelque 2,800 employés, ArcelorMittal Exploitation minière et Infrastructure Canada s.e.n.c. sont la propriété à 85 % du Groupe ArcelorMittal, numéro un mondial de la sidérurgie, et à 15 % du consortium Posco/China Steel Corporation.

Atlas Copco Mining and Rock Excavation Technique Canada Anne Marie Grossi 1025 Tristar Dr. Mississauga, ON L5T 1W5 (289) 562-0100 www.atlascopco.com

Atlas Copco Mining and Rock Excavation Technique Canada is a sales and service company within the Atlas Copco Group, serving construction and mining industries throughout Canada. We offer an extensive product range for a variety of underground and surface mining, as well as construction applications covering the mining cycle entirely – from exploration all the way through to crushing. With regional hubs strategically located across Canada and 23 branch locations scattered nationally, our increased presence across Canada helps enhance the proficiency of our customer service and support throughout the country. Le pôle Mining and Rock Excavation Technique d’Atlas Copco Canada est une entreprise de ventes et de services, à l’intérieur du Groupe Atlas Copco, qui répond aux exigences des industries minière et de la construction à travers le Canada. Nous offrons une vaste gamme de produits destinés à l’exploitation minière souterraine et de surface, de même que des applications de construction conçues pour les principales étapes du cycle minier allant de l’exploration jusqu’au concassage. Grâce à ses centres régionaux stratégiquement situés partout au Canada et à ses 23 filiales établies sur l’ensemble du pays, notre présence accrue au Canada nous permet d’améliorer l’efficacité de notre service à la clientèle ainsi que la satisfaction des clients partout au pays.

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sectors. Ausenco provides unbiased, independent engineering and management services for projects of all sizes. From mines to pipelines, ports, bulk terminals and infrastructure, we deliver ingenious solutions to optimize our clients’ resources.

Axter Coletanche Inc. Daniel Crevier 301-1030 Beaubien Est Montreal, QC H2S 1T4 (514) 903-1912 www.coletanche.com

More than 14 million square metres of COLETANCHE® bituminous geomembranes manufactured by Axter have been laid worldwide, thus making it a stellar waterproofing product for civil engineering. Its high performance and adaptability to all types of terrain mean that it can be used in numerous ways: for the protection of the environment (the storage of solid and liquid waste; platforms for bottom ash stabilization or composting of green waste); water resource management (dams, reservoirs, containment basins, canals); and transportation (motorway ditches, protection of railway ballasts). Avec plus de 14 millions de mètres carrés posés à travers le monde, la géomembrane bitumineuse COLETANCHE® fabriquée par Axter est aujourd’hui un produit d’étanchéité phare du Génie Civil. Ses hautes performances et son adaptabilité à tous les types de sol lui ont ouvert de multiples applications dans le domaine de la protection de l’environnement (stockage de déchets solides ou liquides, plateformes de maturation de mâchefers ou de compostage de déchets verts), de l’hydraulique (étanchéité de barrages, de retenues d’eau, de bassins de confinement, de canaux), ou des transports (fossés autoroutiers, protection du ballast des voies ferrées).

Ausenco Hilary Pritchett 855 Homer St. Vancouver, BC V6B 2W2 (604) 684-9311 Hilary.pritchett@ausenco.com www.ausenco.com

Ausenco is a diversified engineering company operating worldwide in the marine, bulk handling, mining infrastructure, energy, oil and gas, power and industrial

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CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

Barrick Gold Corporation

BlackRock Metals Inc.

Andy Lloyd 3700-161 Bay St., Brookfield Place TD Canada Trust Tower Toronto, ON M5J 2S1 (416) 891-9911 www.barrick.com

Jean Rainville 1606-1080 Cote du Beaver Hall Montreal, QC H2Z 1S8 (514) 316-7281 www.blackrockmetals.com

Barrick is the world’s largest gold producer. We operate mines across four continents, including some of the world’s premier gold assets. Our vision is to be the best gold mining company by operating in a safe, profitable and responsible manner.

BASF Brad Knight 415 Greenwood Ave. North Bay, ON P1B 5G3 (705) 499-8448 brad.knight@basf.com www.master-builders-solutions.basf.us

Through its Master Builders Solutions brand, BASF is a leading supplier of underground solutions. By connecting our MasterRoc products (formerly MEYCO) with our Mining and Tunnelling customers, we provide solutions that help them to become more successful, even in highly challenging ground conditions. BASF has the largest range of products and services available to meet needs and solve problems in Mining and Tunnelling, in both soft ground or hard rock conditions. We offer a full range of products such as additives for concrete and shotcrete, structural fibers, injection systems for ground stabilization and water control as well as chemicals for backfill systems.

BAT Construction Ltd. Delores LaGreca 10230 Dallas Dr., PO Box 118 Kamloops, BC V2C 5K3 (250) 573-1222 www.batconstruction.com

BENSHAW

ADVANCED CONTROLS & DRIVES

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Benshaw Canada Chris Taplay 550 Bright St. E Listowel, ON N4W 3W3 (519) 291-5112 chris.taplay@regalbeloit.com www.benshaw.com

Benshaw has been manufacturing solid state soft starters for more than 30 years and has become one of the largest starter manufactures in the world. Capabilities have grown to include complete motor control solutions including soft starters, fullvoltage starters, variable speed drives, combination packages, MV switchgear lineups, mining skids and load break switches. Custom engineered products available for starting all types of AC motors such as standard induction, synchronous, wound rotor and two speed.

BlackRock Metals is a privately financed Canadian mining company with a 100-percent-owned world-class iron ore property in one of the most prolific mining regions in the world. Its high-performance culture is guided by its core values of putting people first, operating on budget in a safe, environmentally sound manner and maintaining a high standard of social responsibility and social acceptance of our projects. Métaux BlackRock est une société minière canadienne à financement privé avec une propriété de minerai de fer de classe mondiale dans l’une des régions minières les plus prolifiques au monde. Sa culture de haut rendement est guidée par ses valeurs fondamentales : prioriser les gens, fonctionner de manière sûre et écologiquement responsable, et maintenir un niveau élevé de responsabilité sociale et d’acceptance sociale de nos projets.

BKT Tires Canada Inc. Keshav Das 401-55 York St. Toronto, ON, M5J 1R7 (780) 888-5667 keshav.das@bkt-tires.com www.bkt-tires.com

BKT is a global specialty tire manufacturer producing more than 2,200 SKUs ranging from large earthmover to industrial and agriculture tires. BKT services end users, large-tire distributors and OEMs in more than 120 countries. All tires are produced in our four state-of-the-art manufacturing plants in India. BKT has subsidiaries in Europe, the United States, and Canada, to service end users and support its product development activities. BKT est un fabricant mondial de pneus spécialisés, produisant plus de 2 200 UGS allant de pneus pour gros engins de terrassement aux pneus industriels et agricoles. BKT répond aux besoins de l’utilisateur final, du grand distributeur de pneus et de l’équipement d’origine dans plus de 120 pays. Tous nos pneus sont produits dans nos quatre usines de fabrication à la fine pointe de la technologie situées partout en Inde. BKT a des filiales en Europe, aux États-Unis et au Canada pour répondre aux besoins de l’utilisateur final et soutenir ses activités de développement de produits.

Boart Longyear Terry Kirkey 2570 West 1700 South Salt Lake City, UT, USA 84104 (801) 952-8457 www.boartlongyear.com

Boart Longyear (ASX: BLY) is the one source for drilling services, drilling equipment, and performance tooling for mining and drilling companies around the globe. The company also offers water exploration, environmental sampling, and energy and oil sands exploration services. Boart Longyear offers drilling services in more than 40 countries and provides mining products in over 100 countries.

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

au meilleur prix pour les revêtements de broyeurs et de concasseurs. Ils sont conçus pour améliorer la performance et réduire les coûts des opérations de broyage et de concassage.

Bradken

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Brandt Mining is part of the Brandt Group of companies. With more than 80 years of experience, Brandt is committed to delivering value to our customers by doing whatever it takes to keep them productive and profitable.

Gabe Larose 400-90 Richmond St. E Toronto, ON M5C 1P1 (416) 975-8251 glarose@bradken.com www.bradken.com

Bradken’s mineral processing division is a market leader in the design, manufacture and supply of differentiated high-quality mill and crusher products and services for the mining and quarrying industries. Our business focuses on providing customers with innovative, cost-effective, complete wear liner solutions for mills and crushers, designed to increase performance and reduce operating costs in grinding and crushing operations. La division du traitement de minerai de Bradken est le chef de file mondial de la conception, la fabrication et l’approvisionnement de produits et services de qualité pour les broyeurs et concasseurs de l’industrie des mines et des carrières. Notre entreprise a pour but principal de fournir des solutions complètes, innovatrices et

Brandt Tractor Jim Thompson Hwy 1 East, PO Box 3856 Regina, SK S4P 3R8 (306) 791-7777 www.brandt.ca

Brandt is “Deeply Invested” in mining and construction equipment, offering a wide range of top-quality products and services to the mining sector for both above and below ground applications. From new pace-setting technologies for positioning, mapping and scanning, to industry exclusive and purpose-built production and maintenance equipment, Brandt is both a manufacturer and a re-seller with an international footprint and an unrivalled track record for superior, 24/7 customer support.

Brault Maxtech Inc. Marcel Brault 525 Ave. Notre Dame, 2e étage Saint-Lambert, QC J4P 2K6 (450) 904-1824 marcel.brault@braultmaxtech.com www.braultmaxtech.com

Exclusive manufacturer representative in the province of Quebec for the following manufacturers: Trojan Technologies Parkson, Aerzen Canada, AWI, Claro, CON-VAIR, Premier Tech, Lamor-Slickbar, SSI, Hydro International, Huber Technology, Invent, Atlas Copco, NEFCO, Boerger Pumps, Schwing Bioset, GEA Westfalia, Membrane Specialists, Stamford Scientific and Evoqua Water Technologies.

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PRE-CONFERENCE WORKSHOPS

Pre-conference workshops will be organised in conjunction with World Gold 2015: Geometallurgy Workshop Gold Processing Workshop

2015

Building a Resilient Gold Mining Industry

For further details contact: SAIMM, Conference Co-ordinator, Camielah Jardine Tel: 27 (11) 834-1273/7 Facsimile 27 (11) 838-5923 E-mail: camielah@saimm.co.za Website: www.saimm.co.za

TOPICS

World Gold 2015 will reflect on these key issues with greater focus on improved efficiency and the latest technology 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 more environmentally friendly, resource efficient and energy efficient mining and recovery methods.

SPONSORSHIP

Sponsorship opportunities are available. Companies wishing to sponsor or exhibit should contact the Conference Co-ordinator.

28 September 2015 · Workshop 29 September–1 October 2015 · Conference 2 October 2015 · Technical Visits Misty Hills, Gauteng, South Africa

Incorporating geology, metallurgy and mining

The Southern African Institute of Mining and Metallurgy (SAIMM), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Australasian Institute of Mining and Metallurgy (AusIMM) will jointly convene a World Gold Conference every two years. In 2015 it will be held in Johannesburg, South Africa and hosted under the auspices of the SAIMM. Some important aspects of the current mining environment will provide opportunities and threats for the industry in the foreseeable future, which include: ➺ 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 Chair: Andries Swart AngloGold Ashanti The Canadian Institute of Mining, Metallurgy & Petroleum

Sponsors:

Conference Announcement

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

Représentant exclusif pour la Province de Québec des manufacturiers suivants: Trojan Technologies, Parkson, Aerzen Canada, AWI, Claro, CON-V-AIR, Premier Tech, Lamor-Slickbar, SSI, Hydro International, Huber Technology, Invent, Atlas Copco, NEFCO, Boerger Pumps, Schwing Bioset, GEA Westfalia, Membrane Specialists, Stamford Scientific and Evoqua Water Technologies.

Caledonia Mining Corporation Mark Learmonth 1201-67 Yonge St. Toronto, ON M5E 1J8 (416) 369-9835 www.caledoniamining.com

Caledonia is an African-focused mining and exploration company, which owns 49 per cent of the Blanket Gold mine in Zimbabwe and a copper-cobalt exploration project in Zambia. The Blanket Gold mine currently produces in excess of 40,000 ounces of gold per annum and is one of Africa’s lowest cost gold producers. The Blanket Gold mine has received its Indigenization Compliance certificate. Caledonia is listed on the TSX (CAL) and AIM (CMCL) and its shares are traded in the United States on the OTCQX (CALVF).

Candente Copper Corporation Joanne Freeze 1650-400 Burrard St. Vancouver, BC V6C 3A6 (604) 689-1957 www.candente.com

Vancouver-based Candente Copper is developing the large-scale Cañariaco Norte copper deposit located in northern Peru. The deposit contains Measured and Indicated Resources totalling 752.4 million tonnes grading 0.52 per cent Cu equivalent, containing 7.5 billion pounds of copper, 1.7 million ounces of gold, and 45.2 million ounces of silver. A feasibility study is currently underway, led by AMEC Americas Ltd. Its March 2011 prefeasibility study progress report concluded the project has an after-tax NPV of US$912 million, IRR of 17.2 per cent, and payback period of 4.4 years at US$2.25/lb copper, and a discount rate of eight per cent.

CBleue Inc.

2015

try-focused applied R&D projects that extend from geology and engineering to the natural sciences. We recognize innovation is a three-phase process: research and development, and implementation (R&D, I). With implementation, we turn innovative ideas into best practices.

Lorraine Simard 2001-1 Place Ville Marie Montreal, QC H3B 2C4 (514) 824-3035 l.simard@cbleue.com www.cbleue.com

CBleue is a corporate social responsibility (CSR) consulting firm with its main operations located in Quebec, but it is also active in Europe and Africa. Our clients are mainly in the mining and metallurgical sectors. We offer tailor-made consulting and audit services for organizations that want to integrate best CSR management practices; risk and conformity management; improve their social acceptability; develop or improve their stakeholder engagement strategy; and assure their environmental and management frameworks compliance and reporting compliance with best practices. CBleue offre du service-conseil personnalisé en responsabilité sociétale et environnementale, au Québec surtout, avec des interventions en France et en Afrique, principalement dans les secteurs miniers et métallurgiques. CBleue conseille et audite les entreprises dans leur processus d’intégration de bonnes pratiques de gestion de la responsabilité sociétale (RSE-DD); leur gestion des risques et de conformité, leur acceptabilité sociale, leur stratégie d’engagement avec les parties prenantes, la conformité de leurs systèmes de gestion et environnementaux ainsi que leur reddition de compte selon les meilleurs standards internationaux.

CK Logistics Stéphane Lavallée 6750 ch. Saint-François Saint-Laurent, QC H4S 1B7 (514) 856-7580 x: 3420 slavallee@cklogistics.ca www.cklogistics.ca

Established in 1998, CK Logistics is a subsidiary of TransForce Inc. (TFI), a North American leader in the transportation and logistics industry. CK Logistics offers its clients a vast and varied pool of equipment to meet all their transportation needs. Regardless of your shipment’s point of origin, destination or dimensions, CK Logistics offers reliable and effective solutions designed to give you peace of mind, allowing you to focus on the success of your operation. We are your total transport solution! Fondée en 1998, l’entreprise CK Logistics est une division de TransForce (TFI), un chef de file nord-américain du transport et de la logistique. CK Logistics offre à sa clientèle une flotte d’équipements de transport aussi vaste que variée, pouvant répondre aux plus grandes exigences en la matière. Depuis ses débuts, l’équipe de CK Logistics a toujours fait preuve d’originalité, de persévérance, d’audace et de détermination afin d’offrir les meilleures solutions d’affaires en logistique et en transport.

Centre for Excellence in Mining Innovation (CEMI) Shannon Katary 935 Ramsey Lake Rd. Sudbury, ON P3E 2C6 (705) 673-6568 info@miningexcellence.ca www.miningexcellence.ca

The Centre for Excellence in Mining Innovation (CEMI) directs and co-ordinates step-change innovation in the areas of exploration, deep mining, integrated mine engineering, the environment and sustainability for the metal mining industry. With a seasoned team of program directors, CEMI identifies, assesses and manages indus-

Colossus Minerals Inc. Ann Wilkinson 401-1 University Ave. Toronto, ON M5J 2P1 (416) 643-7655 www.colossusminerals.com

Colossus is a Canadian-based exploration and development company. Our primary focus is to advance the Serra Pelada project, located in Para, Brazil, into production. Serra Pelada is host to one of the highest grade gold and platinum group metals deposits in the world.

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CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

Conspec Controls Limited John H. Williams 25 Klondike Dr. Toronto, ON M9L 1S1 (416) 661-0500 jwilliams@conspec.ca www.conspec-controls.ca

For more than 45 years, Conspec has pioneered the design, development and manufacturing of environmental and atmospheric monitoring, process control and safety technology relied upon by mining operations all over the world. Our range of environmental and condition monitors, field and area control equipment, tracking systems, communications solutions, and PLC/SCADA software systems are designed, built and tested to thrive in the harshest of conditions and environments. Conspec is an industry leader in innovative and cost-effective solutions that maximize your operation’s performance, production and profits.

Copper Development Association Inc. Andrew G. Kireta Sr. 260 Madison Ave., 16th Floor New York, NY, USA 10016 (212) 251-7200 www.copper.org

Copper Development Association Inc. (CDA) is a U.S.-based, not-for-profit association of the global copper industry, influencing the use of copper and copper alloys through research, development and education, as well as technical and end-user support. CDA is committed to promoting the proper use of copper materials in sustainable, efficient applications for business, industry and the home.

COREM Claire Lavallée 1180 rue de la Minéralogie Quebec, QC G1N 1X7 (418) 527-8211 claire.lavallee@corem.qc.ca www.corem.qc.ca

COREM is the largest research centre in Canada totally devoted to mineral processing. 102 | CIM Magazine | Vol. 9, No. 9

Recognized as a world-class research organization, COREM provides a wide range of services to companies that explore and develop ore bodies and transform or recycle mineral substances. COREM’s facilities are unique in Canada for their size and diversity of equipment. With a versatile pilot plant of 5,300 square metres, an analytical services laboratory certified ISO/IEC 17025:2005 and a pyrometallurgical characterization laboratory certified ISO 9001:2008, COREM is capable of offering a complete range of services to the mineral industry for all major commodities. Its environmental management system is certified ISO 14001:2004 and covers all COREM activities. COREM est le plus grand centre de recherche au Canada totalement dédié au traitement de minerais. Également reconnu comme un centre de recherche de calibre international, COREM fournit un large éventail de services aux compagnies explorant et développant de nouveaux gisements et transformant ou recyclant des substances minérales. Les installations de COREM sont uniques au Canada par leur taille et par la diversité des équipements. Avec une usine pilote polyvalente couvrant 5 300 m2, un laboratoire de services analytiques certifié ISO/CEI 17025:2005 et un laboratoire de caractérisation pyrométallurgique certifié ISO 9001:2008, COREM est en mesure d’offrir une gamme complète de services à l’industrie minière, peu importe le type de minerai. Son système de management environnemental est certifié ISO 14001:2004 et couvre l’ensemble de ses activités.

Crevier Lubrifiants est une filiale à part entière du Groupe Crevier œuvrant dans le secteur des lubrifiants. Solidement implantée dans son industrie, Crevier Lubrifiants est aujourd’hui une des entreprises indépendantes dominantes du secteur des lubrifiants dans l’est du Canada. En établissant des partenariats avec les plus avant-gardistes producteurs de lubrifiants, tels que Chevron® et BioBlend®, l’entreprise s’est assurée de pouvoir offrir une gamme diversifiée et complète de lubrifiants qui répondent à tous les besoins de sa clientèle. Crevier Lubrifiants détient la certification ISO 9001:2008 pour la conception, fabrication et distribution de lubrifiants.

Cullen Diesel Power Ltd. Alan Spetch 9300 192nd St. Surrey, BC V4N 3R8 (604) 888-1211 das@cullendiesel.com www.cullendiesel.com

Cullen Diesel Power Ltd. provides sales, parts and service for MTU, Detroit Diesel and Mercedes-Benz engines, Allison Transmissions, and MTU Onsite Energy Power Generation generator sets. Cullen also provides parts and service for mine haul trucks. Our highly trained sales and technicians team provides our customers in British Columbia with reliable and economical products and services through our MTU, Detroit Diesel and MTU Onsite Energy worldwide distributor network.

Crevier Lubrifiants Daniel Talbot 2320 rue de la Métropole Longueuil, QC J4G 1E6 (450) 679-8866 info@crevier.ca www.crevierlubrifiants.ca

Crevier Lubricants is a wholly owned subsidiary of Groupe Crevier that covers the lubricant sector. Well-entrenched in the industry, Crevier Lubricants is now one of the foremost independent lubricant enterprises in the eastern part of Canada. By establishing partnerships with forefront lubricants producers such as Chevron® and BioBlend®, the company can offer a diversified and complete line of lubricants and ancillary products to meet the needs of its clients. Crevier Lubricants is ISO 9001:2008 certified for its lubricant design, manufacturing and distribution activities.

CWA Engineers Inc. Steven Yee 380-2925 Virtual Way Vancouver, BC V5M 4X5 (604) 637-2275 info@cwaengineers.com www.cwaengineers.com

By combining a great team of industry professionals, innovative yet practical solutions, and the proven ability to save our clients tens of millions of dollars in capital, maintenance and operational costs, CWA Engineers offers the best value for your project. We provide comprehensive EPC/EPCM services for every stage of the project life cycle from planning and feasibility studies to detailed design, procurement, project management, construction

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

and commissioning. With our core expertise in materials handling we specialize in efficiently moving product from mines to market, saving our clients time and money, while increasing throughput and revenue.

Cypher Environmental Ltd. Patricia Mori 1149 St. Mathews Ave., 2nd Floor Winnipeg, MB R3G 0J8 (204) 489-1214 info@cypherenvironmental.com www.cypherenvironmental.com

Cypher Environmental is a leading provider of 100 per cent environmentally friendly and cost-effective mine haul road solutions. EarthZyme is a unique soil stabilizer used to significantly increase the performance of clay-based haul roads, reducing their maintenance requirements and costs, and eliminating the need for gravel. Dust Stop is extremely effective at eliminating dust on haul roads and is also an effective dust control and erosion control product for tailings piles of any kind.

2015

Dassault Systèmes Canada Software Inc.

Dominion Diamond Corporation

Patricia Ceron 1100-1066 Hastings St. W Vancouver, BC V6E 3X1 (604) 684-6550 Patricia.ceron@3ds.com www.3ds.com/GEOVIA

Kelley Stamm PO Box 4569, Stn. A Toronto, ON M5W 4T9 (416) 362-2237 www.ddcorp.ca

Dassault Systèmes, the 3DEXPERIENCE® Company, provides business and people with virtual universes to imagine sustainable innovations. Its world-leading solutions transform the way products are designed, produced and supported. Dassault Systèmes’ collaborative solutions foster social innovation, expanding possibilities for the virtual world to improve the real world. The group brings value to over 190,000 customers of all sizes in all industries in more than 140 countries. For more information, visit www.3ds.com. Dassault Systèmes’ solutions for mining, which include its GEOVIA software applications, lead the way in delivering tomorrow’s innovations in modelling and simulation for mining and is home to world-renowned solutions including Surpac, GEMS, Minex, Whittle, MineSched, PCBC, Hub and InSite.

Dominion Diamond Corporation is a Canadian diamond mining company with ownership interests in two major producing diamond mines located in the low-political risk environment of the Northwest Territories. The company operates the Ekati diamond mine through its 80 per cent ownership as well as a 58.8 per cent ownership in the surrounding areas containing additional resources, and owns 40 per cent of the Diavik diamond mine. It supplies rough diamonds to the global market through its sorting and selling operations in Canada, Belgium, and India, and it is the world’s third largest producer of rough diamonds by value.

Dragon Global Group D3 Mining Solutions Thomas Fisher 101-2301 Ave. C North Saskatoon, SK S7L 5Z5 (306) 343-3367 D3Mining@shaw.ca www.d3miningsolutions.ca

D3 Mining Solutions is dedicated to providing quality products and exceptional pre/post-sale support to the mining, oil and gas, and industrial sectors. We offer many Canadian-manufactured products that were not only designed for mining applications but developed with the help and input from mining professionals. Currently, D3 is proud to offer: ventilation, cap lamps, collision avoidance, communication platforms, safety products, exploration equipment, gas detection, replacement parts for mining equipment, storage structures, and LED lighting products.

De Beers Canada Tom Ormsby 900-250 Ferrand Dr. Toronto, ON M3C 3G8 (416) 645-1710 www.debeersgroup.com/canada

De Beers has been active in Canada for more than 50 years, growing from a small group of geologists in the field to having multiple offices and operations across the country. De Beers Canada has two producing mines – Snap Lake mine in the Northwest Territories, and Victor mine in northern Ontario – the Gahcho Kué project, Canada’s next great diamond mine, and a targeted exploration strategy within Canada.

Katherine Tam Unit 1901, 19/F, AIA Financial Centre, 712 Prince Edward Road East, San Po Kong, Kowloon, Hong Kong (852) 3758-2155 katherinetam@mining.com.hk www.mining.com.hk

Dragon Global Group is an independent consulting company founded in Hong Kong. We provide one-stop services in mining exploration and exploitation, project financing, project mergers, acquisitions and corporate appraisal services. We engage in different stages of mining projects, offering consultation services and independent technical reports. Valuation services for projects are also available. As for corporate appraisal services, we provide comprehensive consultation services covering all investment procedures ranging from project screening to investment exit strategy.

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WHEEL LOADERS EXCAVATORS DOZERS SKID STEERS MOTOR GRADERS ATTACHMENTS

LIFT TRUCKS BOLTERS LUBE TRUCKS SURVEYING TOOLS SERVICE PARTS

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 mining@brandt.ca brandt.ca

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

2015

renowned for its excellent safety performance and being a provider of innovative explosive products and services which, together, deliver groundbreaking performance for its customers.

DSI Mining Canada Debi Smith 3919 Millar Ave. Saskatoon, SK S7P 0C1 (306) 244-6244 dsiunderground@dsiunderground.com www.dsiunderground.com

DSI offers a complete product line for mining and tunnelling ground support. Each support system is custom tailored and professionally engineered to the customer’s specific application. DSI is committed to meeting customers’ needs and is continuously improving their products and services. DSI’s innovations, products and services have moved the underground industry forward in efficiency and safety. DSI’s underground activities in North America include four manufacturing plants in Canada, six in the United States, and one in Mexico. DSI offre une gamme complète de produits de support de terrain pour l’industrie minière et la construction de tunnels. Chaque type de support est adapté aux besoins à partir de spécifications définies par l’ingénierie et des applications sont fabriquées sur mesure et selon ces spécifications. DSI maintient ces exigences dans tous ses produits et services en vue de rencontrer les besoins des différents utilisateurs. L’ensemble des innovations, la qualité de ses produits ainsi que de son service, ont propulsé l’industrie vers des gains en efficience et en santé et sécurité pour sa clientèle. Les activités en Amérique du Nord incluent quatre usines au Canada, six aux États-Unis et une au Mexique.

Dyno Nobel Janette Weaver 500-2795 E. Cottonwood Pky Salt Lake City, UT, USA 84121 (801) 321-6981 www.dynonobel.com

Customers in the mining, quarry, construction, pipeline and geophysical exploration industries choose Dyno Nobel for our quality products, reliable service and technical expertise. Dyno Nobel is the market leader in North America, with facilities in Australia, Canada, the United States, Indonesia, Mexico, South America, and Papua New Guinea. Dyno Nobel is

Les clients œuvrant dans le domaine des mines, des carrières, de la construction, des pipelines et de l’exploration géophysique choisissent Dyno Nobel pour ses produits de qualité, son service fiable et son expertise technique. Dyno Nobel est le chef de file du marché en Amérique du Nord, avec des installations partout à travers le monde. Dyno Nobel est reconnu pour son rendement exceptionnel en matière de sécurité ainsi qu’en tant que fournisseur de produits et services innovateurs qui lui permettent d’offrir à ses clients un rendement hors pair.

Eco Waste Solutions Jean Lucas 14-5195 Harvester Rd. Burlington, ON L7L 6E9 (905) 634-7022 info@ecosolutions.com www.ecosolutions.com

Eco Waste Solutions (EWS) custom engineers and manufactures advanced waste incineration and waste-to-energy systems. Capabilities include a range of waste materials such as kitchen and domestic waste, medical waste, sewage sludge and waste oils. These innovative, easy-to-use systems are field proven in extreme mining locations like the Arctic, desert, tropics, and high elevations. This track record, in addition to superior environmental performance and product durability, sets EWS apart from other suppliers worldwide. Eco Waste Solutions (EWS) conçoit et fabrique des systèmes technologiquement avancés d’oxydation thermique et de transformation des déchets en énergie. Une vaste gamme de déchets peuvent être traités, tels que les déchets domestiques et médicaux, les boues d’épuration et les huiles usées.Ces systèmes, qui sont technologiquement avancés et faciles à utiliser, ont démontré leur capacité dans des emplacements miniers extrêmes tels que les régions arctiques, climats tropicaux et en haute altitude. Cette feuille de route, ainsi que la performance environnementale et la durabilité de ses produits, permet à EWS de se distinguer des autres fournisseurs d’oxydation thermique à travers le monde.

Element Mining Ltd. Devon Eastwood 967 Falconbridge Rd. Sudbury, ON P3A 5K8 (705) 525-6163 www.elementminingltd.com

Element Mining Ltd. is a mining company based in Sudbury, Ontario, Canada. The company is focused on providing mechanical services underground and explosives accessories. Element Mining Ltd. also specializes in various mining equipment for mine construction and maintenance.

Emerson Electric Canada Limited Thomas W. Cleland 306 Town Centre Blvd. Markham, ON L3K 0Y6 (905) 948-3400 thomas.cleland@emerson.com www.emerson.com

Emerson Electric in Mining - Extract more with a 120-yr-old, $25B/yr Global Fortune 500 Company, serving the mining industry for 80+ years. Products and services from 70+ divisions including: specialized tools, industrial electrical and power equipment, hazardous location electrical enclosures, commercial and industrial power-quality and power generation, mechanical equipment, pneumatic valves, actuators and controls, VFD electric motor drives and modular MCC drive centers, digital process plant control systems, process analytics, automation and instrumentation.

Festo 5300 Explorer Dr. Mississauga, ON L4W 5G4 (877) GO FESTO www.festo.ca

Festo is a global player and independent family-run business based in Esslingen, Germany, which supplies pneumatic and electric automation technology to 300,000 factory and process automation customers

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CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

in more than 200 sectors. Festo applies its more than 50 years of experience in automation technology to process automation within the field of metal and mineral processing – with complete automation solutions that are individually tailored to the requirements of plant operators. Festo est une entreprise familiale indépendante localisée à Esslingen en Allemagne. Elle fournit mondialement des technologies d’automatisation électrique et pneumatique à 300,000 usines et aux clients en automatisation de procédés dans plus de 200 secteurs. Festo a plus de 50 années d’expérience en technologie d’automatisation pour l’automatisation des procédés dans le domaine de la transformation des métaux et des minéraux – avec des solutions d’automatisation complètes qui sont adaptées individuellement selon les besoins des usines.

FLSmidth 7158 S. FLSmidth Dr. Midvale, UT, USA 84047-5559 (801) 871-7000 Info.SLC@flsmidth.com www.flsmidth.com

FLSmidth is your one source for the world’s largest installed base of original equipment including: crushing, grinding, classifying, flotation, thickening, clarifying, filtration, precious metals recovery, pyroprocessing, slurry handling, material handling, automation, metallurgical testing, parts and services. We offer experience, proven reliability and enhanced performance from leading minerals industry brands including: DORR-OLIVER, EIMCO, FFE, KREBS, WEMCO, PNEUMAPRESS, MÖLLER, VECOR, ABON, RAHCO, CEntry, Raptor Crushers, Fuller-Traylor, CONVEYOR ENGINEERING, KOCH-MVT, Dawson, Summit Valley, Knelson and Ludowici. FLSmidth est votre fournisseur unique d’équipements ayant la plus grande base installée dans le monde qui inclus : le concassage, le broyage, la classification, la flottation, l’épaississement, la clarification, la filtration, la récupération des métaux précieux, le pyrotraitement, le pompage, la gestion du vrac, l’automatisation, les essais métallurgiques, les pièces et le service . Nous offrons l’expérience, la fiabilité éprouvée et des performances exceptionnelles de grandes marques telles : DORR-OLIVER, EIMCO, FFE, KREBS, WEMCO, PNEUMAPRESS, MÖLLER, VECOR, ABON, RAHCO, CEntry, Raptor Crushers, Fuller-Traylor, CONVEYOR ENGINEERING, KOCH-MVT, Dawson, Summit Valley, Knelson et Ludowici. 106 | CIM Magazine | Vol. 9, No. 9

FLSmidth Ltd. Mike McLeavy 19855 98 Ave. Langley, BC V1M 2X5 (604) 888-4015 www.flsmidth.com

FLSmidth Ltd. is a leading supplier of equipment and services to the global cement and minerals industries. Our Langley, British Columbia, office specializes in precious metal and high-density mineral recovery with key equipment including the Knelson Batch Concentrator, Knelson Continuous Variable Discharge (CVD) Concentrator, gravity recovery modules and Consep Acacia, all of which have contributed to making us a world leader in centrifugal gravity recovery equipment. Using a combination of laboratory test work, design and engineering expertise, alongside manufacturing services, we are able to provide comprehensive solutions to clients around the globe.

Fountain Tire Mine Service Ltd. Dan Parker 130 Lafarge Rd. Kamloops, BC V2C 6T5 (250) 573-5315; (888) 637-7687

Frontline Integrated Services Ltd. Terry Barber 7708 48th St. SE Calgary, AB T2C 5H5 (403) 720-6011 www.frontlineisl.com

Frontline Integrated Services Ltd. provides fully integrated services supporting the energy, resource and civil construction industries. Frontline is committed to executing projects with precedence on safety and the environment. We deliver professional, innovative and quality results, meeting or exceeding our customers’ expectations in the process. Our core service offerings include: environmental construction such as landfill, pond, water course crossing and coffer dam; remediation and reclamation; decommissioning and demolition; pipeline integrity; repair; abandonment; discontinuation; and HDD support.

Fusionex une compagnie de Wolseley Brian Parker 2855 rue Étienne-Lenoir Laval, QC H7R 6J4 (450) 963-3010 www.hdpe.ca

Fusionex specializes in the distribution and fusion of HDPE pipes and fittings as well as a multitude of related products. Fusion services on site are made by experienced and certified technicians. Fusionex operates in many areas of activity such as mining, municipal infrastructures, industry, pulp and paper, the environment (leachate collection), telecommunication, electricity, natural gas, irrigation, aquaculture, et cetera. Fusionex se specialise dans la distribution et la fusion de tuyaux et raccords en PEHD ainsi qu’une multitude de produits connexes et un service de fusion par des techniciens experimentés et certifiés. Fusionex œuvre dans plusieurs secteurs d’activités tels que : minières, infrastructures minicipales, industrielles, pâtes et papiers, environnementales (bio-gaz), télécommunications, électriques, gazières, irrigations, aquacultures, acéricultures, et cetera.

GEA Westfalia Separator Inc. Derek Ettie 100 Fairway Ct Northvale, NJ, USA 07647 (201) 784-6477 derek.ettie@gea.com www.wsus.com

GEA Westfalia Separator offers a full range of products in the separation categories, including high-performance separators and decanters. Our equipment is used for classification, thickening and dewatering of minerals, as well as for crud treatment and solvent recovery. Of special interest is the GEA Westfalia Separator ecoforce decanter. This new decanter has been designed for maximum separation, durability and dramatically reduced energy consumption, and it incorporates a four-stage high-torque drive.

In ncre ease effficie f iencies ffi i s w while miniimizin ng en nviro i onme o ental t l im mpacct FLSmidth is more than just an equipment supplier, we are a solutions provider. Re ecognized as a world leader in the e mining industryy,, we bring you leading le eading brand names names, along with a an aggressive product development program for mineral processing g and material handling products and services. Through the integration of a comprehensive line of FLSmidth resources, we will work togethe er as your One Source to develop your project while shortening your p project schedule, reducing CAPEX and optimizing OPEX. FLSmidth is your One Source for exceptional technologyy,, equipment and services designed to increase the efficien ncies of minerals plant processing and material handling systems. W Whether it be decreasing emissions, increasing water conservation or minimizing environmental impact, FLSmidth has the best solutions to meet your needs. For more information visit us at www.flsmidth.com

2015

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

Geohart Consultants Pty Ltd. Wouter Hartman 24-195 Wellington Rd., Building 4 Clayton, VIC, Australia 3168 61-4-1842-5069 Wouter.Hartman@geohartconsultants.com.au www.geohartconsultants.com.au

Geohart consultants is a mining consultancy that provides a range of services for the mining industry with a focus on: geological evaluation; interpretation and site services; mining geotechnical site investigations; rock mechanic and strata control reviews; open cut mine slope stability assessments; tunnelling and shaft assessment/review; due diligence studies; slope stability; civil geotechnical foundation investigation; and project management services.

ment management for your CAPEX-OPEX, sustainable capital and projects from prefeasibility to execution. GPSM&I will protect owners’ interests and investments by strategically pulling on detail engineering deliverables to meet construction-driven schedules. Utilizing GPSM&I’s expertise during prefeasibility will provide downstream visibility for the owner. GPSM&I’s project procurement management tools will provide early-stage warning and predictability on possible impact to construction schedules. Globale Partenaires Solutions Mines & Industries est une entreprise de service qui offre un soutien stratégique de type clé-en-main pour la gestion de la chaîne d’approvisionnement. Que ce soit un projet CAPEX-OPEX ou d’investissement durable, nous offrons un soutien de la phase de préfaisabilité à l’exécution du projet. GPSM&I protégera les intérêts et les investissements du propriétaire par une gestion stratégique des livrables de l’ingénierie afin de respecter l’échéancier de construction.

Global Inspections-NDT, Inc. Tom Shumka 2-2260 Hunter Rd. Kelowna, BC V1X 7J8 (250) 762-5525 tom@global-ndt.ca www.global-ndt.ca

Goldcorp Inc.

Christine Marks 3400-666 Burrard St. Vancouver, BC V6C 2X8 (604) 696-3000 www.goldcorp.com

Global is engaged in developing reliable innovated technical processes for condition monitoring for the mining sectors. Global is a leader in large mill gear drive cleaning and inspections. We were instrumental in developing the ASTM Standard E2905 for ring gear and pinion cleaning and inspections on mill gear drives. This new standard delivers consistency, efficiency and standardization; a service valued by customers and insurance companies worldwide; minimizing catastrophic failures, reduced maintenance costs and increased uptime.

Goldcorp is one of the world’s fastest growing senior gold producers with operations and development projects located in safe jurisdictions throughout the Americas. A Canadian company headquartered in Vancouver, British Columbia, Goldcorp employs more than 18,000 people worldwide. The company is committed to responsible mining practices and is well positioned to deliver sustained, industryleading growth and performance.

Global Partner Solutions Mining & Industries Inc. Robert Allard 1415 32nd Ave. Lachine, QC (514) 636-5378 x: 229 www.gpsi-intl.com

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Goldcorp est un des grands producteurs d’or et affiche l’un des plus forts taux de croissance au monde. Ses projets d’exploitation et de développement sont répartis dans différents pays des Amériques dont le climat politique est stable. Entreprise canadienne ayant son siège social à Vancouver (Colombie-Britannique), Goldcorp emploie plus de 18 000 personnes dans le monde. La société souscrit pleinement aux pratiques minières responsables et elle est bien placée pour offrir une croissance et un rendement durables sans pareils dans l’industrie.

Golder Associates Catharine Shaw 910-141 Adelaide St. W Toronto, ON M5H 3L5 (416) 366-6999 www.golder.com

As a global, employee-owned organization with more than 50 years of experience, Golder Associates is driven by our purpose to engineer Earth’s development while preserving Earth’s integrity. With deep technical understanding, Golder’s professional teams collaborate to design and build sustainable mining projects around the globe. Golder clients rely on the strength of technical and service excellence delivered by a global network of specialists ready to provide strategic solutions for every stage of their mining projects. Propriété de ses employés et forte d’une expérience de plus de 50 ans, Golder Associés, une organisation d’envergure mondiale, a pour raison d’être de contribuer au développement de la Terre tout en préservant son intégrité. De par le monde, les équipes de professionnels de Golder mettent en commun leur haut niveau de connaissances techniques pour concevoir et réaliser des projets miniers durables. Les clients de Golder peuvent compter sur l’expertise technique et l’excellence des services d’un réseau international de spécialistes prêts à apporter des solutions stratégiques.

Graham Group Ltd. June Verhelst 875 57th St. E Saskatoon, SK S7K 5Z6 306-934-6644 junev@graham.ca www.graham.ca

Graham is an employee-owned construction solutions partner with revenues exceeding $2 billion annually. With more than 50 years of experience in accessing, building and upgrading a wide variety of mine sites – oil sands, potash, gold, diamonds, and uranium as well as other commodities – we have the experience, equipment and resources to safely deliver projects of every scope, scale and complexity. Through our aboriginal partnerships, we hire, train and mentor Aboriginal Peoples, and provide the necessary tools and supervision to ensure they succeed.

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Groupe CLR

Hard-Line

Yves Hebert 7200 boul. Jean XXIII Quebec, QC G9A 5C9 (819) 377-2424 www.groupeclr.com

Walter Siggelkow 53 Main St. Dowling, ON P0M 1R0 (705) 855-1310 www.hard-line.com

Groupe CLR is always looking for latest innovations in wireless technologies. We deliver customized solutions for two-way radio, MESH networking, satellite phone and telemetry needs. Groupe CLR is an authorized dealer for Kenwood, Motorola, Icom, Rajant and Iridium. For more than 30 years, our skilled engineers and technicians have provided the best-quality service there is to our diversified customers. From major urban centres to the Far North, Groupe CLR is a leader in providing wireless communication to the mining industry.

Hard-Line provides remote control systems for heavy industrial machinery that facilitate mining operations in hazardous areas.Using line of sight (Muckmaster RRC), extended line of sight, (Muckmaster with FarSight Video) or tele-operating remote control by video (Teleop), our products enhance worker safety, continuous production and mine profitability. At Hardline we pride ourselves that we can remote control any machine including LHDs, rock breakers, drills, bulldozers, open pit load/hault dumps, et cetera. Hard-Line recently introduced the remote controlled LP401 low-profile loader for use in dangerous and hard to get areas (such as clearing beneath conveyor belts and spillways). Other new products include PROX Proximity Detection System for Muckmaster Remote Controls and Entry Alert, a warning system that detects entry into a drift and shows when remote mucking is taking place.

À l’affût des plus récentes innovations technologiques, Groupe CLR offre des solutions sur mesure en Radiocommunication, communication sans-fil (réseaux MESH), téléphonie satellite ainsi qu’en télémétrie. Groupe CLR est distributeur autorisé des marques Motorola, Kenwood, Icom, Rajant et Iridium. Depuis plus de 30 ans, les ingénieurs et techniciens spécialisés de Groupe CLR mettent leur expertise au service de leur clientèle grandement diversifiée. Présent partout, des centres urbains jusqu’au Grand Nord, Groupe CLR s’impose comme l’un des plus importants développeurs de systèmes de communication sans-fil dans le domaine minier au pays.

% Alain Beauséjour 10-94 ave. du Lac Rouyn-Noranda, QC J9X 4N4 (819) 279-7195 ab@groupemisa.com www. groupemisa.com/

Groupe MISA is a network of expertise on mining innovation working actively, according with business logic, on the development of innovative equipment and services to ensure the sustainability and maximization of mining industry economic impacts. Le Groupe MISA est un réseau d’experts qui travaille activement, sur une base d’affaires, à l’avancement d’équipements et de services innovateurs afin d’assurer la pérennité et la maximisation des retombées de l’industrie minière.

structures dans un large éventail de domaines techniques et stratégiques, notamment la consultation, les technologies de l’information, l’ingénierie, le développement de procédés ainsi que la gestion de projets et de la construction. Hatch possède plus de 80 années d’expérience dans des projets réalisés dans plus de 150 pays aux quatre coins du monde. Comptant sur un effectif de 11 000 employés répartis dans plus de 69 bureaux, l’entreprise gère actuellement des projets représentant une valeur totale supérieure à 35 G$.

Haulmax (Aust) PM Ltd. Jon Riley 91 Terra Nova Dr. Wynyard, TAS, Australia 7325 61-3-6442-7777 sales@haulmax.com www.haulmax.com

Haulmax® is a leading manufacturer of extended distance, off-highway haulage trucks, and technologically advanced road rail vehicle and maintenance equipment solutions. Based in Tasmania, Australia, Haulmax is an established Caterpillar® OEM and forms part of the Elphinstone Group. Representing the ultimate in durability, reliability, versatility and stability, Haulmax delivers integrated solutions for the Global market.

Hatch Ltd. Ljiljana Radman 2800 Speakman Dr. Mississauga, ON L5K 2R7 (905) 855-7600; (905) 403-4181 (rep) lradman@hatch.ca www.hatch.ca

Groupe MISA

2015

Hatch is an employee-owned, multidisciplinary professional services firm that delivers a comprehensive array of technical and strategic services including consulting, information technology, engineering, process development, and project and construction management to the mining, metallurgical, energy and infrastructure sectors. Hatch has served clients for more than 80 years and has project experience in over 150 countries around the world. With more than 11,000 people in over 69 offices, the firm has more than $35 billion in projects currently under management. Hatch est une entreprise multidisciplinaire appartenant à ses employés, qui offre une gamme de services professionnels destinés aux secteurs des mines, de la métallurgie, de l’énergie et des infra-

Hecla Mining Company Jeanne DuPont 200-6500 Mineral Dr. N Coeur d’Alene, ID, USA 83815 (208) 769-4100; (800) 432-5291 hmc-info@hecla-mining.com www.hecla-mining.com

Hecla Mining Company (NYSE:HL) is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The company also has exploration and pre-development properties in five world-class silver and gold mining districts in the United States, Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada. Hecla Mining Company (NYSE:HL) est un producteur d’argent à faible coût américain de premier plan qui exploite des mines en Alaska et en Idaho. La société December/Décembre 2014 • January/Janvier 2015 | 109

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CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

prend aussi de l’importance à titre de producteur d’or grâce à une mine située au Québec (Canada). Hecla possède également des propriétés en phase d’exploration et de pré-exploitation dans cinq districts d’exploitation minière aurifère et argentifère de calibre international aux États-Unis, au Canada et au Mexique, ainsi qu’un bureau d’exploration et des investissements dans des projets d’exploration argentifères au stade préliminaire au Canada.

Hella Inc. Canada Siegfried Tigges 201 Kelly Dr. Peachtree City, GA, USA 30269 (770) 631-7500 siegfried.tigges@hella.com www.hellamining.com

Hella Mining is oriented to support, develop and serve the mining industry worldwide. With divisions in Canada and the United States, and a designated mining sales team, Hella Mining is capable of providing technical and commercial expertise on a regional level with regard to lighting solutions. Canada is divided in Western/ Eastern Canada, handled by two focused mining associates. Hella Mining has safety and durability in mind as well as conformity with governmental regulations. We are committed to only bringing the most relevant and technology-advanced products to the marketplace, both now and in the future. Hella Mining est orienté à soutenir, développer et servir l’industrie minière mondiale. Avec une division au Canada ainsi qu’aux États-Unis et une équipe de vente minière désignée, Hella Mining est capable de fournir une expertise technique et commerciale au niveau régional en ce qui concerne les solutions d’éclairage. Le Canada est divisé entre ouest et est canadien géré par deux associés miniers ciblés. Hella Mining a la sécurité et la durabilité à l’esprit ainsi que la conformité aux réglementations gouvernementales. Nous nous engageons uniquement à apporter des produits pertinents et technologiquement avancés au marché, maintenant et dans l’avenir.

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Herrenknecht Tunnelling Systems Canada Inc. Jacques Bérubé 200-5353 Dundas St. W Toronto, ON M9B 6H8 (416) 231-2555 www.herrenknecht.com

Herrenknecht is the market leader in the field of mechanized tunnelling, delivering high-tech tunnel boring machines with diameters ranging from 0.10 metres to 19 metres for all ground conditions. Our tailor-made tunnel boring machines produce systems for high-performance utility and traffic tunnelling, as well as declined ramps and horizontal access tunnels for mining applications. The company produces a complete product platform of innovative technology for underground mining applications including boxhole boring machines, raise boring drills, shaft boring machines and tunnel boring machines. Herrenknecht est le leader mondial dans la conception et fabrication de tunneliers mécanisés de diamètres allant de 0,10 à 19 mètres pour toutes conditions géologiques de forage dans le roc. L’entreprise produit une gamme complete de technologies automatisees, spécialisees dans le forage de tunnels pour rail, routes, metro, systèmes de canalisations des eaux sanitaires, mirco-tunnels pour services de cables, lignes de gaz. Nous fabriquons une gamme compléte d’equipements destinés aux besoins de l’industrie miniere concu pour le forage mecànise de rampes inclinees, tunnels d’acces, puits principaux de +/- 12 metres de diametres et 2000 mètres de prófondeur pour les mines sousterraines, puits de ventilation, galleries horizontals et systemes de convoyeurs specifiques adaptés à l’industrie miniere.

Hewitt Equipment Limited

and 45 branches, Hewitt sells, rents and services the full-line of Caterpillar products through five divisions: heavy equipment, material handling, energy, truck and agricultural; and other subsidiaries: Hewitt Material Handling Inc., Hewitt Rentals Inc., Montréal Hydraulique 04 Inc. and SITECH Atlantic Ltd. Hewitt Équipement Limitée est le concessionnaire autorisé Cat au Québec et à l’ouest du Labrador; et, via sa filiale Atlantic Tractors & Equipment Ltd., l’est aussi pour les Maritimes. Depuis son siège social à Pointe-Claire et ses 45 succursales, le Groupe Hewitt vend, loue et assure le service après-vente sous cinq divisions : Équipement Lourd, Manutention, Énergie, Camion et Agricole; et quatre autres filiales : Hewitt Material Handling Inc., Location Hewitt inc., Montréal Hydraulique 04 inc. et SITECH Atlantic Ltd.

HumEng International Inc. Marc Labrie 3455 A Matte Boulevard Brossard, QC J4Y 2P4 (450) 651-5313 x: 230 www.humeng.ca

HumEng est un leader dans la gestion et le développement des compétences. Depuis plus de 20 ans, HumEng accompagne ses clients dans la conception, le développement et l’implantation de solutions de formation qui augmentent l’efficacité opérationnelle et diminuent les coûts. Notre équipe est composée d’experts dans les domaines techniques, de la formation, de l’apprentissage et de l’éducation aux adultes. Nous avons travaillé avec plus de 150 moyennes et grandes entreprises dans plusieurs pays à travers le monde.

IBK Capital Corp.

Michael White 640-130 King St. W Toronto, ON M5X 1E4 (416) 360-4505 www.ibkcapital.com

Hewitt Equipment Limited is the authorized CAT dealer for Quebec and western Labrador, and through its subsidiary Atlantic Tractors & Equipment Ltd., is also the CAT dealer for the Maritimes. With headquarters in Pointe-Claire, Quebec,

IBK Capital is an independent and privately owned investment banking firm that offers financial advisory services in the mining, renewable energy and technology sectors. Such services include private placements of equity and debt, going public by way of reverse takeover of a public shell corporation,

Jim Hewitt 5001 Trans-Canada Hwy Pointe-Claire, QC H9R 1B8 (514) 630-3211 www.hewitt.ca

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merger and acquisition, and divestiture advisory services, valuations, fairness opinions and takeover defence planning. Since its inception in February 1989, IBK Capital has played a role in global transactions with a combined value of $5.6 billion.

IMAFS calcule mensuellement des paramètres de gestion des stocks optimisés (classes, stocks de sécurité, minimum, maximum, prévisions de la demande, délais de livraison). IMAFS traite les données de n’importe quel système transactionnel.

IDS North America

Intergraph Canada Ltd.

Abed Helbawi 418 Sherbrooke St. East Montreal, QC H2L 1J6 (514) 789.0082 x: 546 www.idsna.com

Vanessa Erickson 1120-68 Ave. NE Calgary, AB T2E 8S5 (403) 569-5500 marketing@intergraph.com www.intergraph.com

IDS North America is an engineering systems technology company, providing research and innovation in the field of radar technology and offering a complete range of ground-penetrating, borehole and interferometric radar products for use in mining and landslide monitoring applications. The advanced IBIS-FM slope monitoring radar system provides a unique technological advantage over conventional slope monitoring systems due to increased working distances and higher resolution. The IBIS-FM can detect bench scale failures four kilometres away.

IMAFS Inc. Noémie Rouleau 937 Boissy Saint-Lambert, QC J4R 1K1 (450) 671-1831 info@imafs.com www.imafs.com

IMAFS Inc. offers a unique and scientific approach to help businesses manage their supply chain while increasing productivity and insuring workers’ safety. It can increase parts availability by 10 to 30 per cent while reducing inventory by 20 to 50 per cent with its automatic ABC classification and its automated Min-Max calculation. Available in a Cloud application, IMAFS can be easily integrated to any system. Companies can take action rapidly to reduce shortages or surplus stock. IMAFS Inc. offre une solution unique en mode Cloud pour les entreprises qui désirent 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

Intergraph Process, Power & Marine (PP&M) is the leading global provider of engineering software for the design, construction and operation of plants, ships and offshore facilities. Many of the world’s largest and most advanced industrial and mining facilities are designed by using Intergraph’s enterprise engineering software, increasing efficiency in the design and construction of facilities and enabling management of the engineering design basis throughout the life cycle of an asset. Intergraph Process, Power & Marine (PP&M) est le principal éditeur au monde de logiciels d’ingénierie dédiés à la conception, la construction et l’exploitation d’usines, de navires et de plates-formes au large des côtes. Nos clients s’en remettent à nos logiciels pour créer, gérer et maintenir des données d’ingénierie cruciales afin d’accroître leur productivité et de garantir des opérations sûres et précises. En tant que leader de l’industrie, nous vous faisons bénéficier dès aujourd’hui des capacités d’ingénierie de demain.

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the port. IOC’s major shareholder and operator is the international mining group Rio Tinto, which has activities in more than 40 countries worldwide. La Compagnie minière IOC est l’un des principaux fournisseurs canadiens de concentré de minerai de fer et de boulettes pour des clients du monde entier. La Compagnie dirige une mine, un concentrateur et une usine de bouletage à Labrador City (Terre-Neuve-et-Labrador) et des installations portuaires situées à Sept-Îles (Québec). Elle exploite également un chemin de fer de 418 kilomètres qui relie la mine au port. Rio Tinto, société minière internationale qui exerce ses activités dans plus de 40 pays, est le principal actionnaire et exploitant d’IOC.

ISM – Industrial Steel Manufacturing Inc. Anthony Arduini 7690 Vantage Way Delta, BC V4G 1A7 (604) 940-4769 anthony@ismbc.ca www.ismbc.ca

ISM provides steel construction and steel fabrication solutions for projects in Western Canada through: • Steel Fabrication • Steel Detailing • Steel Erection • Engineering An 85,000 SFT manufacturing facility, located near barge and rail access, enables ISM to collaborate on the largest projects. Our team of certified steel fabricators, welders, erectors, and project managers have successfully collaborated on some of the largest oil and gas and mining projects in North America. ISO 9001 and ISO 14001 pending in 2015. ISM. Your Primary Steel Connection.

Iron Ore Company of Canada Michel Leclerc 1920-1000 Sherbrooke St. W Montreal, QC H3A 3G4 (514) 285-2011 www.ironore.ca

The Iron Ore Company of Canada (IOC) is a leading Canadian producer of iron ore concentrate and iron ore pellets serving customers worldwide. The company operates a mine, concentrator and a pelletizing plant in Labrador City, Newfoundland and Labrador, as well as port facilities located in Sept-Îles, Quebec, and operates a 418kilometre railroad that links the mine to

Jannatec Technologies Rey Boucher 1545 Maley Dr. Sudbury, ON P3A 4R7 (705) 566-3939 rboucher@jannatec.com www.jannatec.com

Jannatec Technologies, Sudbury, Ontario, Canada, is a member of the Schauenburg

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Group of Companies. The name Jannatec Technologies has a long tradition in the two-way radio industry; Jannatec Technologies has more than 25 years of experience in the industry. We challenge ourselves to find a better way to build twoway radios that do more for less to efficiently meet the needs of our customers around the globe. Jannatec Technologies is an authorized two-way radio distributor; our number one goal is to achieve superior satisfaction by delivering products and services that exceed expectations. Our mission is to help the mining industry improve their productivity and safety by introducing new ways of working and communicating. Our vision is to build on our dominance in northern Ontario, and be perceived as the preferred communication solution provider of total wireless networks to mines across Canada as well as around the world.

J.F. Comer Inc. Ben Kubica 4-141 Reach St. Uxbridge, ON L9P 1L3 (905) 852-3370 b.kubica@jfcomer.com www.jfcomer.com

J.F. Comer was established in 1935 and continues to supply quality equipment from leading manufacturers. The main activity of J.F. Comer Inc. is the selection and sale of dependable and durable equipment. Specialized engineering principles are applied in order to select the most efficient and effective equipment for each client’s specific requirements. J.F. Comer is a stocking manufacturer’s representative serving the mining and mineral processing industries. Products include mine hoists, slurry pumps, valves and metal detectors. La compagnie de J.F Comer a été établie en 1935 et continue de fournir de l’équipement de qualité des principaux fabricants. L’activité principale de notre compagnie J.F Comer Inc., c’est la sélection et la vente des équipements durables et fiables. Les principes spécialisés en techniques et ingénierie sont appliqués afin de sélectionner l’équipement le plus effectif et efficace pour les besoins spécifiques de chaque client et entreprise. J.F Comer est un représentatif des fabricants de stockage au service des industries qui traitent les mines et les minéraux. Les produits incluent les plans de mines, les pompes pour liquides chargés, les vannes et les détecteurs de métaux.

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Joy Global (Canada) Ltd.

Kalenborn Canada Inc.

Mohammad Ashraf 10-2256 29th St. NE Calgary, AB T1Y 7G4 (403) 516-5301 www.joyglobal.com

Sebastien Allard 602-755 boul. Saint-Jean Pointe-Claire, QC H9R 5M9 (514) 426-0460 seballard@videotron.ca www.abresist.ca

Joy Global Inc. is a worldwide leader in high-productivity mining solutions. Through its market-leading P&H and Joy brands, Joy Global manufactures, markets and services original equipment and related support parts for the surface and underground mining industries. Joy Global Canada employs close to 600 employees at facilities in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, and Newfoundland. Joy Global Inc. est un chef de file mondial de solutions de productivité élevée pour l’industrie minière. Par l’intermédiaire de ses grandes marques P&H et Joy, Joy Global fabrique et commercialise l’équipement d’origine et les pièces connexes destinés aux exploitations minières souterraines et à ciel ouvert, et en assure l’entretien. Joy Global Canada emploie près de 600 personnes dans diverses installations en Colombie-Britannique, Alberta, Saskatchewan, Manitoba, Ontario, Québec et Terre-Neuve.

Kalenborn Canada Inc. is a part of the Kalenborn Kalprotect Group, a leading provider of wear protection and slide promotion solutions around the world for the last 80 years. With the knowledge that one product cannot solve all wear problems, Kalenborn Canada designs and manufactures its basalts, ceramics, chromium carbide overlay plates and pipes, alloyed castings, rubber and synthetics to meet the customer’s specific abrasion, impact and corrosion problems. The combination of different wear-resistant materials provides a more intelligent solution to each wear problem. Kalenborn Canada’s purpose is to keep the solution simple but effective, and then deliver to you the complete package, including field measuring, drafting, manufacturing and installation. Innovators of KALFLEX®, flexible wear protection.

Kal Tire Mining Tire Group JPi mine equipment Laura Joseph 45 Kingswood Dr. St. Albert, AB T8N 5S2 (780) 460-6606 laurajoseph@jpicanada.com www.jpicanada.com

JPi mine equipment was originally founded in 1986. Since then, location and focus changes have reflected the vision of its founder, president and principal mining engineer, Dr. Tim Joseph. Based in St. Albert, and Edmonton, Alberta, Canada, JPi is recognized as a world leader in mining equipment performance specializing in ground equipment interactions. The tools, techniques and training that JPi provides to mining clients around the world continue to create and reinforce leaders in today’s global mining industry.

1540 Kalamalka Lake Rd. Vernon, BC V1T 6V2 (250) 542-2366 www.kaltiremining.com

The Kal Tire Mining Tire Group is a global leader delivering best-in-class customized solutions that ensure maximum productivity for all mining tire service, supply and safety needs. The company provides service to more than 150 mine sites on five continents and in 19 countries. With more than 1,500 team members operating globally, Kal Tire Mining Tire Group has built a reputation for innovation, reliability and outstanding service. Kal Tire Mining Tire Group est un leader mondial fournissant les meilleurs services de sa catégorie et des solutions sur mesure en vue d’assurer une productivité optimale, tant pour le service que l’approvisionnement des pneus, tout en respectant les besoins en terme de sécurité. Présente sur 150 sites miniers, situés dans 19 pays, lesquels sont répartis sur 5 continents, l’entreprise emploie plus de 1500 personnes dans le monde entier et

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

s’est taillé une réputation enviée pour son innovation, sa fiabilité et son offre de service exceptionnelle.

KAMCO INSTALLATIONS LTD. Justin Simpson 1347 Mission Flats Rd. Kamloops, BC V2C 1A9 (250) 374-3934 justin@kamcoinstallations.com www.kamcoinstallations.com

pour les gammes de produits complètes de Spinner II Oil CleaningCentrifuges, Glacier Purification Systems, DuraChem Industrial Chemistries et Fast Funnel Disposable Funnels. Nous sommes le plus important distributeur canadien des lubrifiants synthétiques AMSOIL, ses systèmes de filtration et produits chimiques de spécialité. Nous sommes les principaux distributeurs pour PulseTech Battery Maintenance Systems et Centri Air Precleaners. 100 % canadien depuis 1987. Nous offrons des solutions de maintien personnalisées et sophistiquées pour l’industrie minière.

KAMCO INSTALLATIONS LTD. is an excavation and pipeline contracting company that is focused on installing pipelines for mines, serving all of British Columbia since it was founded in 1974. KAMCO has extensive experience installing above-ground and underground pipelines up to 65” in diameter for tailings, process, reclaim, firewater, freshwater, overflow and potable water. We can meet all your piping needs including HDPE (certified fusion inspector and technicians), carbon steel, rubber-lined, fiberglass and stainless steel pipe, pipe spooling, drop tanks, air releases and valves. By focusing on our customers’ requirements and needs, our mission is to provide effective, quality service and products to our clients.

Key Maintenance Technologies Greg Desrosiers 204 Carmichael Close NW Edmonton, AB T6R 2K6 (780) 437-7659; (866) 437-7659 greg@kmt1.ca www.kmt1.ca

Key Maintenance Technologies is proud to be the Canadian master distributor for the complete lines of Spinner II Oil Cleaning Centrifuges, Glacier Purification Systems, DuraChem Industrial Chemistries and Fast Funnel Disposable Funnels. We are the largest Canadian distributor for AMSOIL synthetic lubricants, filtration systems and specialty chemicals. We are leading warehouse distributors for PulseTech Battery Maintenance Systems and Centri Air Precleaners. 100 per cent Canadian since 1987. We offer customized, sophisticated maintenance solutions for the mining industry. Key Maintenance Technologies est fier d’être le distributeur canadien principal

Kinross Gold Corporation David Eden 25 York St., 17th Floor Toronto, ON M5J 2V5 (647) 788-4453 david.eden@kinross.com www.kinross.com

Kinross Gold Corporation is a senior gold company, producing 2.6 million gold equivalent ounces in 2013. The Toronto-headquartered company operates nine mines worldwide, including five in the United States, Chile, and Brazil, which represent more than 50 per cent of its gold production. Kinross also has operations in Ghana, Mauritania, and Russia and employs approximately 9,100 people globally. Kinross Gold Corporation est une grande société d’exploitation aurifère qui a produit 2,6 millions d’onces d’équivalent d’or en 2013. La société, dont le siège social se trouve à Toronto, exploite neuf mines dans le monde, dont cinq aux États-Unis, au Chili et au Brésil, ce qui représente plus de la moitié de sa production aurifère. Kinross a également des sites au Ghana, en Mauritanie et en Russie, et compte un effectif d’environ 9 100 personnes dans le monde entier.

Klohn Crippen Berger Ltd.

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environmental consulting firm headquartered in Vancouver, and with key Canadian offices in Toronto, Sudbury, Saskatoon, Calgary, and Edmonton. Our regional offices are in Peru, Brazil, England, and Australia. We have a strong reputation for quality service and technical excellence in a range of sectors including mining, water, power, transportation, and oil and gas. Formed in 1951, we have developed core services in water management, geotechnical and civil engineering, geochemistry and socio-environmental consultation. Klohn Crippen Berger Ltd (KCB) est une société d’ingénierie internationale spécialisée dans la géoscience et de l’environnement dont le siège principal est à Vancouver et des bureaux canadiens à Toronto, Sudbury, Saskatoon, Calgary, et Edmonton. Nos bureaux à l’étranger sont au Pérou, au Brésil, en Angleterre et en Australie. Nous avons une solide réputation pour la qualité de nos services et l’excellence technique dans un éventail de secteurs, y compris l’exploitation minière, l’eau, l’énergie, les transports, le pétrole et le gaz. Formé en 1951, nous avons développé des services de base en matière de gestion de l’eau, de l’ingénierie géotechnique et civile, la géochimie et de consultation socio-environnementale.

KPI Industrial Controls Inc. Kyle Bradley 2-2799 Belisle Dr. Val Caron, ON P3N 1B3 (705) 222-5500 sales@kpiind.com www.kpiind.com

KPI Industrial Controls Inc. has been providing solutions and industrial control products to satisfied customers across North America since 2004. Some of our products and services include fibre optics (repairs), FOA-certified, asset tracking, wireless communication systems, custom built panels, mine power sub-stations, starters, MCCs, electrical components, electrical labour, et cetera. We also carry an inventory of used and re-built equipment like mine power sub-stations, splitter racks, S&C switches, et cetera. KPI Industrial Controls is ISO 9001:2008 certified.

Howard Plewes 500-2955 Virtual Way Vancouver, BC V5M 4X6 (604) 669-3800 info@klohn.com www.klohn.com

Klohn Crippen Berger Ltd. (KCB) is an international engineering, geosciences and

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Kreator Equipment & Services Inc. Keith Miles 473036 County Rd. 11 Amaranth, ON L9W 0R2 (519) 941-7876 wm.kmiles@kreator.com www.kreator.com

Kreator Equipment is an OEM turnkey provider and bulk material processing specialist. We have extensive experience in the design, engineering, manufacturing, transport, installation and commissioning of conveying, screening, crushing and fines processing systems, both wet and dry. Whether your application is stationary, portable or modular, we can help! Kreator is highly mobile with installations globally.

nous offrons produits et services, tout en assurant la sécurité de la livraison tant pour le développement de la mine que lors de la phase de production, avec des approches novatrices en matière de contribution et participation des collectivités locales. Lors de votre prochaine évaluation minière, n’hésitez pas à poser vos questions sur nos solutions durables et rapides de béton pour la construction d’un puits minier ou de toute autre infrastructure, sur nos mélanges à base de ciment pour la production de remblai minier, nos services d’usines portables de production de béton et granulats et les nombreuses autres façons dont nous pouvons contribuer à la réduction des coûts et l’efficacité de votre projet.

Levert Personnel Resources Inc.

Laird Eric Brouillette 3850 rue Griffith St-Laurent, QC H4T 1A7 (514) 908-6648 www.lairdtech.com

Lafarge Canada Inc. Alexandre Lefevre 334 av. Avro Pointe-Claire, QC H9R 5W5 (514) 428-7352 Alexandre.lefevre@lafarge.com www.buildingbettercities.ca

Lafarge is the largest diversified supplier of construction materials in the United States and Canada. We produce and sell cement, ready-mixed concrete and aggregates. Lafarge delivers local mining solutions, no matter how remote, across Canada, coast to coast. With intimate in-house industry knowledge, we offer products and services, safely and supply-assured, for mine development and production, with innovative approaches to local community contributions and involvement. During your next mine evaluation, ask about our durable and fast-turnaround concrete solutions for mine shaft and infrastructure construction, custom cementitious blends and backfill design, backfill production services, portable aggregate and concrete production services, and the many other ways we can contribute to your project’s efficiencies and economies. Lafarge est le plus important fournisseur de matériaux de construction aux ÉtatsUnis et au Canada. Nous produisons et vendons du ciment, du béton prêt-à-l’emploi ainsi que des granulats. Lafarge fournit des solutions locales pour les mines, quelle que soit l’éloignement, à travers le Canada, d’un océan à l’autre. Grâce à une connaissance aigue de notre industrie, 114 | CIM Magazine | Vol. 9, No. 9

designed to meet the needs of specific industries. The company occupies a 350,000-square-foot, state-of-the-art facility on a 22-acre site in Burlington, Ontario, Canada. Its commitment to quality has resulted in several landmark designations. It is the first North American coldfinisher to receive ISO:9002 registration – an international stamp of approval. It is also among the first to earn QS 9000 registration.

Laird Technologies’ wireless automation and control solutions provide safe and reliable solutions for the mining industry. Our CattronControl family of remote controls offers flexibility, safety and streamlined workflows. Laird Technologies also offers SiamNet Communications, which provides a safe and more efficient mining environment by combining conventional two-way radio technology with high-speed data transmission. Laird Technologies is also an industry leader in the design and manufacturing of EMI shielding, telematics, thermal management and antenna solutions.

Richard Levert 17 Frood Rd. Sudbury, ON P3C 4Y9 (705) 525-8367 info@levert.ca www.levert.ca

Levert Personnel Resources Inc. (est. 1983) is a one-stop shop for personnel needs to mining, industrial, and oil and gas sectors. We offer: personnel & payroll services; industry-ready staff, such as welders, millwrights, mechanics, skilled labour, traffic control and more; maintenance shutdowns, from confined space rescue teams to skilled labour; and executive recruitment (Levert Executive Worldwide Inc.).

Limpact International Limited

Laurel Steel, Division of Harris Steel Steven Fisher 5400 Harvester Rd., PO Box 5095 Burlington, ON L7R 3Y8 (519) 759-2300 www.laurelsteel.com

Founded in 1967, Laurel Steel is a member of the prestigious Harris Steel Group. It has experienced constant growth, including launching its branded products: Cutter’s Choice, Cutter’s Choice Green, Miner’s Choice. In 2007 LEC Steel in Brantford was added to the family increasing wire and wire mesh capacity that are precisely

Steve Fredericks 569 D’Arcy St., PO Box 187 Cobourg, ON K9A 4K5 (905) 373-4100 sfredericks@limpact.com www.limpact.com

Limpact International Limited has been an active manufacturer/exporter of custom cathodes and other products for the nonferrous electrolytic metals refining industry for more than 40 years. Our unique process of impact bonding dissimilar metals allows us to manufacture energy-saving products with increased service life for metals refining. You will find Limpact products in most of the leading zinc and copper refineries around the world. Limpact is located in Cobourg, Ontario, and has a workforce of 70 employees.

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Mabarex Inc. François Seguin 2021 Halpern St. Saint-Laurent, QC H4S 1S3 (514) 334-6721 fseguin@mabarex.com www.mabarex.com

Maptek est un leader dans le domaine des logiciels innovants, du matériel informatique et des services destinés à l’industrie minière. Les produits Maptek, utilisés sur plus de 1700 sites, eux-mêmes répandus dans plus de 65 pays, sont soutenus par des services professionnels et techniques prodigués à partir de 13 bureaux à travers le monde. Les produits Maptek regroupent les marques Vulcan, I-Site, BlastLogic, PerfectDig, Eureka et Sentry.

Specialized in design, manufacturing and installation of drinking water, wastewater and sludge treatment processes, Mabarex has the solution to all your environmental problems. Mabarex offers a wide range of products and services and the most efficient up-todate processes to meet all of its clients’ needs since 1983. Our experienced team will guide you in building or retrofitting water and sludge treatment projects. From necessary permit requests to start up, Mabarex has an unmatched expertise and the most appropriate technological solutions to meet all your needs. Spécialisée dans la conception, la fabrication et línstallation de procédés de traitement de léau potable, des eaux usées et des boues, Mabarex possède la solution à vos problèmes environnementaux. Depuis 1983 Mabarex dispose dúne vaste gamme de services et de technologies de pointe qui répondent à lénsemble des besoins de sa clientèle. Notre équipe déxpérience vous conseillera dans vos projets de construction ou de modernisation de systèmes de traitement des eaux et des boues. De la demande de certificat dáutorisation à la mise en œuvre du projet, Mabarex offre une expertise inégalée et la solution technologique la mieux adaptée à vos besoins.

Maptek Cherie LeDoux 165 S. Union Blvd., Suite 888 Lakewood, CO, USA 80228 (303) 763-4919 www.maptek.com

Maptek is a leading provider of innovative software, hardware and services for the global mining industry. Maptek products are in use at more than 1,700 sites in over 65 countries, supported by professional and technical services in a worldwide network of 13 offices. Maptek products include Vulcan, I-Site, BlastLogic, PerfectDig, Eureka, and Sentry.

McCarthy Tétrault S.E.N.C.R.L., s.r.l. Pierre Boivin Le Complexe St-Amable 1150 rue de Claire-Fontaine, 7e étage Québec, QC G1R 5G4 (418) 521-3000 www.mccarthy.ca

McCarthy Tétrault is Canada’s premier law firm, with a significant presence in all major financial centres in Canada, and in London, United Kingdom. With an international client base across a broad range of practice groups, our firm provides a wealth of Canadian, crossborder and international legal services. With close to 600 lawyers, McCarthy Tétrault regularly advises on many of the largest transactions and cases in Canada and around the world. McCarthy Tétrault is recognized as a top law firm by the leading international legal directories. McCarthy Tétrault est le plus important cabinet d’avocats du Canada. Il est bien établi dans tous les principaux centres financiers du pays de même qu’à Londres. Le cabinet fournit toute une gamme de services juridiques à une clientèle diversifiée dans le cadre de leurs opérations canadiennes, internationales et transfrontalières. McCarthy Tétrault compte près de 600 avocats qui conseillent régulièrement les clients à l’égard de plusieurs des transactions et poursuites judiciaires les plus importantes au Canada et à l’étranger. McCarthy Tétrault est reconnu comme un chef de file dans les principaux répertoires juridiques internationaux.

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McCue Engineering Contractors Lynda Smithard 203-8291 92nd St. Delta, BC V4G 0A4 (604) 889-6652 info@mccuecontracting.com www.mccuecontracting.com

McCue Engineering Contractors is a B.C. company established in 2000 and specializing in the design, construction and operation of industrial wastewater treatment and contaminated land remediation technologies in Canada and the United States. Project sites include mine, oil and gas exploration, oil refining, oil terminal, fuel retail, chemical manufacturing, and product spill sites. McCue is fully insured and committed to safe work practices. McCue Engineering Contractors a vu le jour en Colombie-Britannique en 2000. L’entreprise développe son expertise dans la conception, la construction et l’opération de systèmes de traitement d’eau usée industrielle et de décontamination des sols. McCue a participé à des projets canadiens et américains dans les domaines de l’exploration minière, gazière et pétrolière, du raffinage et du stockage du pétrole, de la vente au détail de carburant, de l’industrie chimique, en plus de participer à des projets de déversement de produits nocifs. L’entreprise offre un service entièrement assuré et s’engage dans les pratiques de travail sécuritaire.

McLanahan Corporation Matt Riley 200 Wall St. Hollidaysburg, PA, United States 16648 (814) 695-9807 sales@mclanahan.com www.mclanahan.com

McLanahan Corporation is an ISO 9001:2008 certified manufacturer of safer, simpler and smarter equipment that helps producers do more than ever in today’s tough marketplace. From crushing to water management, McLanahan custom engineers process solutions to help you be more efficient, more productive and more profitable. Sales, engineering and customer service are constantly working together to improve designs to help producers do more with their resources.

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Micromine Ltd. Colin Smith 1920-400 Burrand St. Vancouver, BC V6C 3A6 (604) 646-8924 www.micromine.com

Micromine develops mining software solutions spanning the entire mining process – from geological exploration and 3D mine design to mine production management, mine production control and data management solutions. With over 12,000 clients in more than 90 countries, and 22 offices located in the world’s major mineral producing capitals, Micromine is the leading provider of intuitive software solutions that deliver operational efficiencies through every step of the mining and exploration process. Micromine provides you with local support and services in your language and your time zone.

Mine Site Technologies

Mosaic Company, The

13301 W 43rd Drive Unit 15 Golden, CO, USA 80403 (303) 951-0570 www.mstglobal.com

Joc O’Rourke E490-3033 Campus Dr. Minneapolis, MN, USA 55441 (763) 577-2816 www.mosaicco.com

Mine Site Technologies is the global leader in the design, manufacture and deployment of solutions for mine communications, vehicle and personnel tracking, production optimization, automation, and safety. We train our employees, design our products and support our customers to create a global culture of safe productivity. Our network solutions include Digital Communications & Tracking (ImPact), Vehicle Intelligence Platforms, Leaky Feeder, Mobile Mesh, MinePhone, ICCL, PED, and BlastPED.

Mining Publications International Mine Cable Services Corporation John Parkes 7731 16th Street NW Edmonton, AB T6P 1M1 (780) 439-1113; (800) 663-2889 www.minecableservices.ca

Mine Cable Services Corporation manufactures and supplies high-voltage cable connection systems (5kV, 8kV, 15kV, 25kV), and handling and safety accessories for mining, oil and gas, container port cranes, underground tunnelling and forestry crane operations. We are 100 per cent Canadianowned and operated, and have manufacturing and service facilities in Alberta and British Columbia. MCS also provides for its customers worldwide through a network of established distributors and our newly opened office in Santiago, Chile.

Lewis Bonder 200-4965 Borden Ave. Montreal, QC H4V 2S9 (514) 485-3083 lbonder@miningpublications.com www.miningpublications.com

Mining Publications International was established in 1997 to provide advertising and trade show services to the Canadian Institute of Mining. After eight successful years, we then became the exclusive Canadian representative for the Society for Mining, Metallurgy & Exploration (SME-USA). Our publications include “Construcción Latino Americana,” the leading Latin America mining and construction journal; “Mining & Exploration”; “The Prospector News”; and eMining blasts. Trade show and seminar/conference services called “Hit Lists” compliment our business.

The Mosaic Company is the world’s leading combined producer and marketer of concentrated potash and phosphate – two of the primary nutrients required to help the world grow the food it needs. Mosaic engages in every phase of crop nutrition – from the mining of resources to the production of crop nutrients, feed and industrial products for customers around the globe. Our customer base includes wholesalers, retail dealers and individual growers in more than 40 countries.

Mullen Trucking LP Jeff Pahl 1 Maple Leaf Rd. Aldersyde, AB T0L 0A0 (800) 661-1469 jpahl@mullentrucking.com www.mullentrucking.com

Mullen Trucking LP owns and operates one of the most diverse fleets of equipment in the transportation industry including vans, decks and specialty extendable and multi-axle trailers. Our specialized fleet is Western Canada’s largest and has the capability to move up to 100 tons throughout North America. Our services include LTL, truckload, over-dimensional, project management, logistics, storage and rail siding service.

MWH Global Inc. Patrick G. Corser One Bentall Centre 1580-505 Burrard St. 15th Floor, PO Box 17 Vancouver, BC V7X 1M5 (604) 648-6161 Patrick.G.Corser@mwhglobal.com www.mwhglobal.com

MWH Global is a strategic consulting, technical engineering and construction services firm. Our mining services encompass water management, treatment and supply;

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environmental planning, permitting and compliance; hydrogeologic, geochemical and ecological studies; civil/geotechnical structures and infrastructure; reclamation planning and closure; dams and hydropower, and remediation. Our 7,500 employees are dedicated to fulfilling our purpose of Building a Better World and our commitment to sustainable development. MWH Global est une société de conseils stratégiques, d’études techniques et de services de construction. Nos services miniers recouvrent gestion, traitement et approvisionnement en eau; planification, permis et respect de l’environnement; études hydrogéologiques, géochimiques et écologiques; structures et infrastructures civiles/géotechniques; planification et gestion finale de bonification; barrages et hydroélectricité, et réhabilitation. Nos 7500 employés sont déterminés à accomplir notre objectif de construire un monde meilleur et respecter notre engagement en faveur du développement durable.

rai de fer à enfournement direct actuellement en production, à partir duquel les expéditions d’essai ont commencé. Tata Steel détient environ 26,2 % des parts de NML, et constitue son plus grand actionnaire et partenaire stratégique. Tata Steel et NML ont également effectué une étude de faisabilité sur deux grands gisements MIR, LabMag et KéMag, appelés collectivement le projet Taconite.

NL Department of Natural Resources Sean O’Brien PO Box 8700 St. John’s, NL A1B 1W5 (709) 729-2775 www.nr.gov.nl.ca

North Fringe Industrial Technologies Inc. New Millennium Iron Corp. Robert Patzelt 1303 Greene Ave., 2nd Floor Montreal, QC, H3Z 2A7 (514) 935-3204 www.nmliron.com

New Millennium Iron Corp. (NML) is a publicly traded Canadian iron ore exploration and development company. NML controls the Millennium Iron Range (MIR) located in the provinces of Newfoundland and Labrador and Quebec, which is one of the world’s largest undeveloped magnetic iron ore deposits. In the same area, NML (20 per cent) and Tata Steel Ltd (80 per cent) have advanced a direct shipping ore project now in production, from which trial shipments have begun. Tata Steel Ltd owns 26.2 per cent of NML and is the company’s largest shareholder and strategic partner. Tata Steel and NML have also carried out a feasibility study on two large MIR deposits, LabMag and KéMag, collectively called the Taconite project. New Millennium Iron Corp. (NML) est une société canadienne cotée en bourse, spécialisée dans l’exploration et le développement de gisements de minerai de fer. Elle contrôle la Chaîne ferrifère Millennium (MIR pour Millennium Iron Range) située dans les provinces de Terre-Neuve-etLabrador et Québec, qui est l’un des plus grands gisements de minerai de fer magnétique non mis à valeur. Dans le même secteur, NML (20 %) et Tata Steel Ltée (80 %) ont avancé un projet de mine-

Brett Cain 1251 Nipawin Rd. W Nipawin, SK S0E 1E0 (306) 862-5900 www.northfringe.com

North Fringe Industrial Technologies Inc. is a company focused on pump sales, pump service and pump rentals. North Fringe has offices and representatives across Western Canada to help with any application or request you may have.

NTN Bearing Corporation of Canada Ltd. Al Rudaitis 305 Courtney Park Dr. W Mississauga, ON L5W 1Y4 (905) 564-2700 www.ntnamericas.com/en

NTN Bearing Corporation is the world’s third largest bearing manufacturer in the world. Manufacturing and supplying a range of bearings and constant velocity joints, NTN meets a variety of applications, across a variety of industries. Every mining operation is an array of mining machines – from compact, continuous miners in underground mining to larger draglines found in surface mining. NTN has bearings for each of these processes. With our experience in mining, we have the products that are capable of performing and exceeding reliability and life requirements.

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Oboni Riskope Associates Inc. Cesar Oboni 2302 W. 4th Ave., PO Box 19158 Vancouver, BC V6K 4R8 (604) 341-4485 coboni@riskope.com www.riskope.com

Oboni Riskope Associates (ORA) is a world leader in developing custom-tailored quantitative risk-based decision-making models and methodologies evaluating natural and man-made risks including criminal and terrorist activities. ORA identifies and benchmarks risks and crises, allowing informed and sensible mitigation plans to be selected and implemented, leading to enhanced resiliency of any operation. Among ORA’s clients: Fortune 500 (top 10) companies,Teck, Codelco, GICHD, UNDP, 2006 Winter Olympics, and Mackenzie River Review Board (NWT). Oboni Riskope Associés (ORA) est un chef de file dans le développement de modèles et méthodologies de prise de décisions basées sur les risques naturels et humains, incluant les activités criminelles et terroristes. ORA identifie et quantifie les risques et les crises, permettant la sélection de plans d’atténuation de risques et leur implémentation, conduisant à un accroissement de la résilience globale. Parmi les clients de ORA: Fortune500 top 10 companies, Teck, Codelco, GICHD, UNDP, Jeux olympiques 2006, Mackenzie River Review Board (TNO).

Outotec Canada Paul de la Durantaye 1551 Corporate Dr. Burlington, ON L7L 6M3 (905) 335-0002 x: 3237 Paul.delaDurantaye @outotec.com www.outotec.com

Outotec develops technology solutions for the sustainable use of Earth’s natural resources. As the global leader in minerals and metals processing technology, Outotec has developed numerous breakthrough technologies over decades. The company also offers innovative solutions for the chemical industry, industrial water treatment and utilization of alternative energy sources. Outotec collaborates with its customers in order to optimize the utilization of raw materials and energy efficiency as

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well as minimizing environmental impact and operating costs. Outotec développe des solutions technologiques pour l’utilisation pérenne des ressources naturelles de la Terre. En tant que chef de file mondial de la technologie des minéraux et de la transformation des métaux, Outotec a développé plusieurs technologies révolutionnaires au fil des décennies. La société propose également des solutions innovantes pour l’industrie chimique, traitement des eaux industrielles et l’utilisation des sources d’énergie alternatives. Outotec collabore avec ses clients afin d’optimiser l’utilisation des matières premières et l’efficacité énergétique ainsi que la réduction de l’impact sur l’environnement et des coûts d’exploitation.

P.R. Engineering Ltd. Linda Grieco 249 Toronto Ave. Oshawa, ON L1H 3C2 (905) 579-9721 linda@prengineering.com www.prengineering.com

Since 1965, P.R. Engineering Limited has been committed to the crusher industry in all aspects of manufacturing, remanufacturing, component repair, supplying parts and service. If your requirements call for a new or remanufactured crusher, find out why P.R. Engineering in Oshawa, Ontario, Canada, is a leader in the jaw crusher industry. We have the capabilities to fabricate, machine and assemble large custom equipment for the following industries: steel, pulp and paper, material handling, power generation, defence and architectural/advertising.

Pacific Bit of Canada Inc. Hal Hinkkuri 204-9485 189th St. Surrey, BC V4N 5L8 (604) 513-4292; (877) 511-4292 www.pacific-bit.com

Pacific Bit of Canada supplies the complete line of rock drilling tools: shanks, rods, bits and accessories, tricones, DTH equipment, drill pipe, grinders and hand-held rock drills. All are available. These are proven high-quality products from companies such as Robit, Rock Hog, WLS, Driconeq, CME and Canun. Based in British Colum-

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bia, with a branch in Ontario, Pacific Bit has one of the largest inventories in the country. Pacific Bit prides itself on exceptional service with same-day or next-day deliveries. Quality products. Exceptional service. No compromises.

Paul F. Wilkinson & Associates Inc.

ing a temperature range from –50 degrees Celsius to 110 degrees Celsius suits the severe climate and rigours of the mining industry in Canada and the United States. Pex Industrial Piping Solutions is representing this product in Canada and is waiting to work with you to provide solutions.

Pneuma-Tool Inc.

Paul F. Wilkinson 105-2325 rue Centre Montreal, QC H3K 1J6 (514) 448-9595 pfw@wilkinson.ca

Keith Klayh 1971 Bond St. North Bay, ON P1B 4V7 (705) 478-0902 www.pneuma-tool.com

PFWA specializes in environmental and social impact assessment and aboriginal affairs. Over the past 35 years, it has served the private industry, governments, NGOs, international agencies and close to 100 aboriginal organizations, thereby gaining a solid understanding of the various perspectives at play. For the past decade, it has specialized in mining projects, principally in Canada. It has also worked in India, Africa, and South America.

Rock drill lubricants (RDOs) represent a relatively small cost to mine operators but have a significant impact on mine productivity and on the health and safety of miners. Traditional RDOs create an oil mist, reduce visibility, form a slippery film on surfaces, and pose a respiratory hazard. Pneuma-Tool eliminates oil mist, improves tool life and creates a healthier work environment. Various grades are available for extreme heat and cold, and for areas with limited ventilation.

La firme PFWA se spécialise en évaluations d’impacts environnementaux et sociaux ainsi qu’en affaires aborigènes. Au cours des 35 dernières années, elle a œuvré pour le compte de firmes privées, de gouvernements, d’ONGs, d’institutions internationales et d’une centaine de groupes autochtones, profitant ainsi d’une bonne compréhension de perspectives variées sur le développement. Depuis une dizaine d’années, PFWA se spécialise dans les projets miniers, principalement au Canada. Son expérience s’étend aussi en Inde, en Afrique et en Amérique du Sud.

Pex Industrial Pipe Solutions Carl Wood 9627-41 Ave. Edmonton, AB T6E 5X7 (780) 450-1155 carl@pex-pipe.com

Pexgol is a new pipe to the mining industry in North America. It is a cross-linked polyethylene in industrial sizes: two inches to 24 inches. It has very good abrasive characteristics as well as excellent corrosive properties, resists crack propagation and one of the most durable products on the market. Hav-

Les lubrifiants pneumatiques représentent une dépense faible pour les exploitants de mines, mais ils ont un impact significatif sur la productivité des mines et de la santé et la sécurité des miniers. Les huiles traditionelles créer un brouillard d’huile, une réduction de visibilité, la formation d’une filme glissant sur les surfaces, et la création d’un danger respiratoire. Pneuma-Tool élimine le brouillard d’huile, améliore la durée de vie d’outil, et crée un environnement de travail plus sûr et sain.

Polar Mobility Research Ltd. Ian Duiven 7860 62nd St. SE Calgary, AB T2C 5K2 (403) 279-3633 www.polarmobility.com

At Polar, we manufacture a diverse selection of HVAC systems for use in the heavy construction, military and mining industries. Wherever clean, conditioned air is required, you can find Polar Air. Check out our mining A/C systems on our website. All Polar-manufactured products are designed to give the greatest operator comfort and reliability for your environ-

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ment – engineered for incredible performance in extreme conditions and built to handle vibration, corrosive atmospheres, dusty work areas and hazardous environments. Do you require intrinsically safe or explosion-proof systems? Polar can help solve issues. Our systems are suitable for all equipment and uses including: shovels, dozers, drills, LHDs, cranes, refuge stations, haul trucks, excavators, et cetera. No matter what your application, call Polar (800-309-8155)! Heavy-duty HVAC systems for extreme climates and hazardous environments.

Potash Corporation of Saskatchewan P.R. Engineering Limited William Doyle 500-122 1st Ave. S Saskatoon, SK S7K 7G3 (306) 933-8500; (800) 667-0403 www.potashcorp.com

Praetorian Construction Management Greg Topinka 201-10441 178 St. Edmonton, AB T5S 1R5 (780) 989-0289 www.praetoriancm.com

Praetorian Construction Management provides professional construction management services for the global mining industry including open pit and underground operations. We serve as our clients’ front-line interface for the development and construction of projects at both new and existing facilities in the resource sector. Praetorian brings extensive experience in remote, arctic conditions and meets the challenges created by extreme cold weather. We incorporate this experience into the planning, scheduling, constructability and execution of a project. We focus on leadership, effective communications and continuous improvement for the management of the construction and, more importantly, for the development of a behaviorally based safety culture.

PROVIX Inc.

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with tools and skills that will have a measurable impact on your organization’s performance. Our experience in the mining industry has shown productivity improvements in the range of 30 per cent.

Karly Winfield 6436 Hwy 89 E Alliston, ON, L9R 1V2 (888) 434-0253 sales@provix.net www.provix.net

PROVIX is Canada’s leading supplier of integrated video systems. PROVIX enhances vision through the deployment of technologically advanced camera and remote operation systems. Camera systems that can include IP network video, remote viewing capability, wireless recording, mine automation and triggered event monitoring, night vision and safer, more productive operations in drilling, mucking, hauling, blasting, tramming, loading and rescue operations. Custom camera systems for any application! If you can imagine it; we can design, build and support it. PROVIX est le premier fournisseur de systèmes de vidéo intégrés du Canada. P améliore la vision à travers le déploiement de caméra technologiquement avancé et les systèmes de commande à distance. Les systèmes de caméras peuvent inclure : La vidéo IP du réseau, la capacité de visualisation à distance, l’enregistrement sans fils, automatisation des mines et la surveillance des évènements déclenchés, la vision de nuit et les opérations plus sûres et plus productives en matière de forage, de déblayage, le transport, le dynamitage, herschage, le chargement, et les opérations de sauvetage. Des systèmes de caméras sur mesure pour n’importe qu’elle application! Si vous pouvez l’imaginer; nous pouvons le concevoir, construire et soutenir!

PVA Consulting Group Bernard Sargent 20865 Cote Nord Rd. Boisbriand, QC, J7E 4H5 (450) 970-1970; (877) 970-1970 www.pva.ca

Pyott Boone Electronics Canada Limited (PBE Group) Cindy Chesney 394 Hwy 47 Goodwood, ON L0C 1A0 (905) 640-1839; (905) 442-4917 www.pbegrp.com

PBE designs and builds reliable, high-tech mine safety, monitoring and communications systems. Our MineBoss™ system monitors and controls our products including tracking, conveyor monitoring and controls, wired and wireless gas monitoring, fire and dust suppression and paging telephone lines, with installations worldwide. With global sales and local service, PBE is your one-stop-shop for mine safety and productivity to support your mining operations now and for years to come.

QinetiQ Ltd. Sue Allen Cody Technology Park, Ively Rd. Farnborough, Hampshire, United Kingdom GU14 0LX www.QinetiQ.com

QinetiQ employs more than 9,000 people worldwide and offers high-end technical knowledge underpinned by world-class research and innovation. We supply advice, assurance, test and evaluation, engineering solutions and training. QinetiQ’s Training and Simulation Services division has developed a state-of-the-art virtual reality training simulation to provide mine safety training. This capability is currently used to train more than 2,500 miners per year in hazard awareness, emergency response, mine rescue, and production/maintenance efficiency.

PVA is a management consulting firm that has been assisting clients for more than 20 years to achieve significant productivity improvements. Our approach leverages current operating conditions and therefore requires no additional capital investments. Our focus is on improving the effectiveness of front-line management, providing them December/Décembre 2014 • January/Janvier 2015 | 119

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Richwood Judd Roseberry PO Box 1298 Huntington, WV, USA 25714-1298 (304) 525-5436; (800) 237-6951 www.richwood.com/

RAX Enterprises Inc. Dan Rachiele 451 Mahogany Terr. SE Calgary, AB T3M 0X4 (403) 452-6666; (866) 772-7770 rax@shaw.ca www.rax.ca

Open since 2002 and operating from Calgary, Alberta, RAX Exterprises Inc. is actively invoved in the sourcing of used mining equipment, attachments and major components. RAX will source for all makes and types of mobile surface mining equipment, including electric cable shovels, draglines, hydraulic excavators, mining trucks, wheel loaders, crawler tractors, motor graders, scrapers and rotary drills. RAX specializes in hard-to-find used and new parts.

Redpath Mining Contractors & Engineers Nathalie Bester 710 McKeown Ave. North Bay, ON P1B 7M2 (705) 474-2461 nathalie.bester@redpathmining.com www.redpathmining.com

Redpath has been providing full and comprehensive expertise and experienced services to the global mining industry for more than 50 years. Companies choose Redpath for our international family of highly qualified personnel, unwavering commitment to maintaining the highest safety standards and ability to meet deadlines. Technical and operational expertise contributes greatly to our reputation for practical and innovative performance, resulting in the successful completion of complex, challenging mine development and construction projects. Worldwide services include shaft sinking, mine development contract mining, raiseboring and raise drill manufacturing, raise mining, underground construction, engineering and technical services.

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REM Resource Engineering & Maintenance Leesa Nacht 222 Edward St. Aurora, ON L4G 1W6 (905) 727-0077 lnacht@annexweb.com www.rem-mag.com

REM is Canada’s only magazine dedicated to maintenance and reliability, and physical asset management in the resource sector. REM helps more than 11,400 key facility and field/remote decision-makers in the oil and gas and mining sectors improve critical-path equipment maintenance and reliability performance, as well as reduce operational costs.

Ressources Québec Denis Williams 1500-600 rue de la Gauchetière O Montreal, QC H3B 4L8 (866) 870-0437 Denis.williams@invest-quebec.com www.ressourcesquebec.com

Ressources Québec, a subsidiary of Investissement Québec, is the gateway for companies seeking to invest in the mining and hydrocarbon industries. Ressources Québec supports resource companies at every stage of their projects, from exploration and development through to processing. It offers a full range of financial products, including investments in share capital, debentures and various types of loans. Ressources Québec, filiale d’Investissement Québec, est le point d’entrée des entreprises qui souhaitent investir dans les secteurs des mines et des hydrocarbures. Ressources Québec accompagne les entreprises tout au long de la réalisation de leurs projets, de l’exploration à l’exploitation, jusqu’à la transformation des ressources. Elle offre toute la gamme des produits financiers tels que des participations dans le capital-actions des entreprises, des débentures et diverses formes de prêts.

Rio Tinto Iron & Titanium Didier Arseguel 1625 rte. Marie-Victorin Sorel-Tracy, QC J3R 1M6 (450) 746-3076 www.RTIT.com

Rio Tinto is a leading international mining group. Its business is finding, mining and processing mineral resources. Major products are aluminum, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial mineral (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant business in Asia, Europe, Africa, and South America. Rio Tinto est un important groupe minier international. Il s’occupe de prospection, d’exploitation et de traitement de ressources minérales. Il produit principalement de l’alluminium, du cuivre, des diamants, du charbon métallurgique et thermique, de l’uranium, de l’or et des minéraux industriels (borax, dioxyde de titane et sel) et du minerai de fer. Bien que ses activités soient d’envergure mondiale, Rio Tinto est solidement implanté en Australie et en Amérique du Nord et possède d’importantes entreprises en Asie, en Europe, en Afrique et en Amérique du Nord.

Rockhound Limited Dominic YF Kot Unit A, 12th Floor Times Media Centre, 133 Wanchai Rd. Hong Kong, China 852 2572-0122 dominickot@rockhoundasia.com www.rockhoundasia.com

Rockhound is a Hong Kong-based private company of highly qualified professionals and business specialists set up in 2006 to serve the minerals industry in the region, both in exploration and mining. We provide technical consultancy services as well as mineral asset management services tai-

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lored to the needs of our clients. We help our clients maximize their minerals investments through technical means and through our business network in the region.

Rockwell Automation Andrew Bagley 360 Holiday Inn Dr. Cambridge, ON N3C 3Z9 (519)244-5321 ca.rockwellautomation.com

At Rockwell Automation, helping manufacturers succeed and grow is what we do best, with industrial automation control and information solutions designed to give you a competitive advantage. From standalone industrial components to enterprisewide integrated systems, our solutions have proven themselves across a wide range of mining applications in some of the most demanding environments. Rockwell Automation offers open pit and underground mining operations a complete process automation solution plus plantwide control, featuring advance process control, process safety systems and power and energy management solutions.

RungePincockMinarco (Canada) Limited

Schlumberger Water Services

Diane Kincaid 304-4014 Macleod TR SW Calgary, AB T2G 2R7 (403) 217-4981 dkincaid@rpmglobal.com www.rpmglobal.com

Shane O’Neill 109-267 West Esplanade Ave. North Vancouver, BC, V7M 1A6 (604) 836-0300 www.swstechnology.com

RungePincockMinarco (RPM) is one of the world’s largest independent groups of mining technical experts, with a history stretching back to 1968. RPM was formally introduced to the market in December 2012 as three of mining’s most respected names – Runge, Pincock Allen & Holt and Minarco-MineConsult – united. Together, we collectively offer solutions that span all commodities and mining methods from advisory consulting to software technology and professional development courses. We have local knowledge gained through our work in more than 118 countries.

SAFEmap International Inc.

Rulmeca Canada Limited Nick MacKenzie 75 Mason St. Wallaceburg, ON N8A 4L7 (519) 627-2277 sales-ca@rulmeca.com www.rulmeca.ca

Precismeca is now Rulmeca Canada! Precismeca Limited was purchased by the Rulmeca Group in 2000. The Precismeca name is well recognized worldwide and will continue in a brand-name capacity. Manufacturing out of Wallaceburg, Ontario, Rulmeca Canada is the forefront of technology, design and construction of a vast array of conveyor components. Rulmeca Canada stands alone in its commitment to supply only the most robust conveyor products on the market today.

Schlumberger is the world’s largest subsurface technology company with annual revenues of $39 billion and more than 80 years of history. Most of the Schlumberger high-value technology services are directly applicable for mine exploration and for increasing mine production. Working with major mining companies and investing R&D funds, Schlumberger has been developing fit-for-purpose mine solutions related to heap leach dynamics, directional drilling for dewatering and exploration, insitu mine exploration via wireline and sitewide monitoring solutions.

Sentry Equipment Corp.

Corrie Pitzer 500-666 Burrard St. Vancouver, BC V6C 3P6 (604) 642-6110 safemap@safemap.com www.safemap.com

William J. Werra 966 Blue Ribbon Cir. N Oconomowoc, WI, USA 53066 (262) 567-7256 billw@sentry-equip.com www.sentry-equip.com

SAFEmap is a global safety consultancy that focuses on safety leadership, culture change and risk-based safety. Our programs create real change, ensure lasting safety improvements and win the hearts and minds of people to take you “beyond zero.” With us, your managers become inspirational safety leaders, your supervisors become safety coaches and your employees become safety champions. Our training courses are globally recognized, our change programs are unequalled and our focus on risk is unique.

Sentry® Equipment Corp. has been a key supplier of sampling systems to the mining industry for more than 30 years. Whether strip mining oil sands, mining precious metals, alumina or aggregate, dealing with high-pressure slurries or bulk solids requires expertise in application and design for handling abrasive media. Sentry engineers, manufactures and services components for collecting representative samples that enable analytical and operational professionals to gain samples safely and simply, and with repeatable results.

Sentry® Equipment Corp. est un des principaux fournisseurs de systèmes d’échantillonnage à l’industrie minière depuis plus de 30 ans. Que ce soit l’exploitation minière des sables bitumineux, l’extraction des métaux précieux, l’alumine ou l’agrégat, le traitement de boues à haute pression ou solides en vrac requiert une expertise dans la conception et l’application pour la manipulation des produits abrasifs. À Sentry on fait l’ingénierie, la manifacture des composantes et fournissons les services pour la collecte des December/Décembre 2014 • January/Janvier 2015 | 121

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échantillons représentatifs qui permet aux professionnels analytiques et opérationnels d’obtenir des échantillons simplement et sans risque, avec un résultat reproductible.

Siemens Canada Ltd. David Graham 811 Roulston Bay Regina, SK S4N 7E6 (306) 955-4002 www.siemens.ca

Service aux entreprises Harricana Luc Mercier 850 1re Rue E. Amos, QC J9T 2H8 (819) 732-6563 www.csharricana.qc.ca

Le Service aux entreprises de la commission scolaire Harricana dispense des services de formation continue dans des secteurs de pointe, adaptés aux réalités des entreprises minières et forestières. Qu’il s’agisse de mécanique industrielle, de conduite de machinerie lourde et de voirie forestière appliquée aux mines et travaux de chantiers, le SAE peut répondre à vos exigences. D’importantes compagnies d’envergure internationale ont fait appel à notre expertise : Osisko, Agnico Eagle, Rio Tinto (Madagascar), Domtar, Produits forestiers Résolu et bien d’autres.

Sherwin-Williams Protective & Marine Coatings Division John Reiser PO Box 545 La Center, WA USA 98629 (360) 931-4645 john.reiser@sherwin.com www.protective.sherwin-williams.com

Corrosion is a critical issue in mining, due to extreme enrivonmental conditions where mining operations are conducted, heavy duty machinery, the action of acids and other chemical products used in production processes. A proper anticorrosive protection ensures a longer lasting service-life of your assets, cost reduction in downtime due to system failure and less accident hazards. Sherwin Williams is a leading manufacturer of paints and coatings for corrosion protection in mining, based on a long and successful experience in major mining projects in Latin America and worldwide. The best specialized professional team will help you make your best decision on protection needs.

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For more than 100 years, Siemens has helped make Canada a better place. Nationwide, more than 4,500 employees in Canada work together to provide answers that last in the fields of industry, energy, health care and infrastructure solutions. Since 1912, Siemens has stood for technical achievements, innovation, quality and reliability. Sales for Siemens in Canada in fiscal 2012 were C$2.1 billion. The company has 53 offices and 14 manufacturing/assembly facilities across Canada. Les idées novatrices de Siemens contribuent à améliorer la vie au Canada depuis les 100 dernières années. De l’Atlantique au Pacifique, plus de 4 500 employés y travaillent ensemble pour proposer des réponses durables dans les domaines de l’industrie, de l’énergie et de la santé, et pour livrer des solutions d’infrastructure pour le tissu urbain. Depuis qu’elle a obtenu sa charte fédérale en août 1912, Siemens est synonyme de réalisations techniques, d’innovation, et de fiabilité.

SKF Canada Ltd. Lars Ruuth 40 Executive Crt. Toronto, ON M1S 4N4 (416) 299-1220; (416) 299-2846 (rep) www.skf.ca

SKF Group is a leading global supplier of bearings, seals, mechatronics, lubrication systems and services, which include technical support, maintenance and reliability services, engineering consulting and training. The SKF life cycle management approach applies SKF’s expertise in a wide range of technical areas to help customers, both OEMs and the aftermarket, optimize machine productivity and efficiency. Technical development, quality and marketing have been the focus at SKF since the very start. The group’s efforts in R&D have resulted in numerous innovations, forming bases for new standards, products and solutions. Le Groupe SKF est l’un des premiers fournisseurs mondiaux de produits et de solutions sur les marchés des roulements, des

services, des solutions d’étanchéité, de la mécatronique et des systèmes de lubrification. Les services incluent l’assistance technique, la maintenance, la maintenance conditionnelle et la formation. Depuis toujours, SKF privilégie la qualité, l’excellence technique et la satisfaction des clients. Le Groupe s’investit considérablement dans la Recherche et le Développement. De nombreuses innovations sont à la base de nouveaux produits, de nouvelles normes et de solutions dans le monde des roulements.

SM Construction Inc. Serge Tardif 15971 boul. de la Colline Québec, QC G3G 3A7 (418) 849-7104 www.sm-inc.com/sm-construction-en

SMS Equipment Bruce Knight 53113 Range Rd. 263A, Zone 1 Acheson, AB T7X 5A5 (780) 948-2200 www.smsequip.com

SMS Equipment is one of Canada’s leading providers of equipment solutions and services for the construction, forestry, mining and utility industries. To help customers meet their needs, SMS has established strategic alliances with suppliers around the world. SMS Equipment is a full-line distributor of heavy industrial equipment and also offers a variety of services through various locations throughout Canada. Équipement SMS est l’un des premiers fournisseurs de solutions et de services dans les secteurs de la construction, de la foresterie, de l’exploitation minière et des produits utilitaires. Pour répondre aux besoins de sa clientèle, Équipement SMS établit des alliances stratégiques avec des fournisseurs provenant des quatre coins du globe. Équipement SMS est le distributeur d’une gamme complète d’équipements lourds et offre toute gamme de services dans diverses succursales partout au Canada.

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

SNL Metals & Mining Michelle Mowdy 300-1718 Argyle St. Halifax, NS B3J 3N6 (902) 429-2880 mmowdy@snl.com www.SNLMetals.com

SNL Metals & Mining is the most trusted source of global mining information and analysis with more than three decades of experience. From worldwide exploration, development and production to strategic planning and acquisitions activity, our comprehensive and unbiased research helps clients make confident decisions and, ultimately, improve results.

SRK Consulting (Canada) Inc. Mark Liskowich 205-2100 Airport Dr. Saskatoon, SK S7L 6M6 (306) 955-4778 www.srk.com

SRK Consulting is an independent, international consulting practice serving mainly mining industry clients. Founded in 1974, SRK offers services from grassroots exploration to mine closure planning. SRK employs more than 1,500 leading specialists in science and engineering at over 50 offices on six continents. Example services include due diligence, feasibility studies, permitting, mine waste management and mine closure. SRK clients include majorand medium-sized mining companies, exploration companies, banks and governmental departments.

Stonehouse Mining Corp. David Price 1010-1130 West Pender St. Vancouver, BC V6E 4A4 (604) 398-5380 www.stonehouseint.com

Stonehouse specializes in the delivery of construction 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 construction management (EPCM), asset operation (mines, power plants, processing plants and associated infrastructure); and arranging or providing project finance. Stonehouse se spécialise dans la livraison des projets de construction à travers le globe. Les emplacements de travail actuel sont Kuala Lumpur (Malaisie), Astana (Kazakhstan), Accra (Ghana) et Vancouver (Canada). Stonehouse fournit les services intégrés et pluridisciplinaires suivants à nos clients: services de planification, d’ingénierie et de gestion stratégique et projet-spécifique ; ingénierie, fourniture, et gestion de construction ; opération de capitaux (mines, centrales, usines de traitement et infrastructure et associée) ; et s’chargeant ou fournissant des finances de projet.

2015

Stuart Olson Industrial Constructors Denis Gareau 1-1988 Kingsway Sudbury, ON P3A 2P2 (705) 222-4848 Denis.Gareau@stuartolson.com www.stuartolson.com

Stuart Olson Industrial Constructors is a fully integrated construction company providing surface construction to the Canadian mining industry. Stuart Olson Industrial Constructors’ commitment is to offer project solutions on budget and on schedule, with the highest degree of safety and environmental responsibility. A member of the Stuart Olson Corporation, Stuart Olson Industrial Constructors ensures effective managed projects from concept to completion.

Struttmann Consulting Tom Struttmann 46 De Sliva Island Dr. Mill Valley, CA, USA 94941 (925) 330-8360 Tom@Struttmann.com www.struttmann.com

At Struttmann Consulting, we help mining industry clients across the globe solve their toughest management challenges. Our in-depth operational analyses and technical evaluations provide mining companies, financial institutions and mining contractors with a road map for success. Specialties include: technical and operational due diligence; M&A; post-merger integration; asset management; maintenance engineering; and strategic sourcing. By identifying the best solutions for each client’s unique situation, we ensure the right resources are allocated for worldclass results. Struttmann Consulting aide les clients de l’industrie minière partout au monde à résoudre leurs plus grands défis. Nos analyses opérationnelles et techniques approfondies tracent pour les minières, institutions financières et entrepreneurs miniers la voie du succès. Nos spécialités incluent : diligence raisonnable technique et opérationnelle, regroupements d’entreprises, intégration post-fusion, gestion des actifs, ingénierie de maintenance et sourçage stratégique. En identifiant les meilleures solutions pour chaque client, nous nous assurons qu’il obtienne les ressources les mieux adaptées pour des résultats exceptionnels.

Suncast Polytech Inc. Wally Weslosky Box 346, 9768-170 St. Edmonton, AB T5T 5L4 (780) 448-1098 neilm@suncast.ca www.suncast.ca

Suncast Polytech is a manufacturer of specialty cast elastomer polyurethane wear parts. Suncast manufactures PUR parts for the oil and gas, oil sands, pipeline, mining and forestry industries for use in difficult and demanding applications. Suncast has developed a proprietary process technology called ReCast™ that makes it possible to rebuild or recycle worn polyurethane (PUR) parts. This technology creates a completely secure bond between virgin and cured PUR cast elastomer enabling the ReCast™ parts to perform successfully in demanding applications.

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Suncor Energy

chimique, possèdent une résistance élevée à l’érosion sèche (basse et haute températures), l’abrasion et l’érosion par boues. Synthesarc fait aussi la conception de revêtements sur mesure adaptés à des besoins spécifiques.

Anne Marie Toutant 150-6 Ave. SW Calgary, AB T2P 3E3 (403) 296-6060 www.suncor.com

Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the PetroCanada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncor Énergie est la plus importante société énergétique du Canada. Les activités de Suncor sont reliées notamment au développement et à la valorisation des sables pétrolifères, à la production pétrolière et gazière classique et extracôtière, au raffinage du pétrole et à la commercialisation des produits sous la marque Petro-Canada. Suncor exploite les ressources pétrolières de façon responsable, ainsi qu’un portefeuille croissant de sources d’énergie renouvelable.

SYNTHESARC INC.

Teck Resources Limited 3300-550 Burrard St. Vancouver, BC V6C 0B3 (604) 699-4000 www.teck.com

Teck is a diversified resource company committed to responsible mining and mineral development with major business units focused on copper, steelmaking coal, zinc and energy. Teck owns, or has an interest in, 13 mines in Canada, the United States, Chile, and Peru, as well as one metallurgical complex. Teck is actively exploring for copper, zinc and gold in the Americas, Asia Pacific, Europe, and Africa. Teck est une entreprise diversifiée de ressources, engagée à mener des activités et des développements miniers de manière responsable. Ses principales unités opérationnelles sont le cuivre, le charbon pour la fabrication de l’acier, le zinc et l’énergie. Teck est propriétaire ou possède un intérêt dans 13 mines au Canada, aux États-Unis, au Chili et au Pérou en plus d’un complexe métallurgique. Teck explore activement à recherche de cuivre, de zinc et d’or dans les Amériques, en Asie-Pacifique, en Europe et en Afrique.

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TerraSource Global

SYNTHESARC offre à l’industrie de transformation des minéraux aux prises avec des problèmes graves d’usure, des fils fourrés spéciaux qui produisent par projection à l’arc et par soudure des revêtements et recouvrements contenant des borures. Ces revêtements qui ont une dureté élevée et une excellente stabilité

Tega Industries Canada Inc. - fournisseur de solution globale à vos problèmes d’usure et à l’abrasion lors de la séparation des minerais. Industries Tega Canada Inc., une norme ISO: 9002 entreprise certifiée, spécialisée dans la conception, la fabrication et la fourniture de solutions pour l’usure et la séparation des minerais dans les mines, les industries de traitement des minerais. Tega est un fournisseur de solutions globales pour l’usure et à l’abrasion problèmes. Les produits incluent: caoutchouc / PM revêtements de broyeurs pour AG, SAG, primaires, tige, billes et galets mouture usines secondaires; médias de l’écran en caoutchouc et polyuréthane; porter des protections pour les goulottes, accumulateurs, les trémies, les systèmes de contrôle de déversement pour les convoyeurs; porter composants pour convoyeurs comme les bars et les lits curseur, retard poulie; et hydrocyclones pour la séparation des minéraux. Ses produits sont installés dans plus de 60 pays, avec des bureaux de vente dans 12 d’entre eux.

Arlene Willmann 1600-100 North Broadway St. Louis, MO USA 63102 (618) 641-6963 arlene.willmann@terrasource.com www.terrasource.com

Serge Dallaire 106-75 boul. de Mortagne Boucherville, QC J4B 6Y4 (450) 641-5227 Serge.Dallaire@synthesarc.com www.synthesarc.com

SYNTHESARC offers the minerals industry facing severe wear problems high-tech cored wires that produce arc-sprayed coatings and overlays containing boride phases. Having high hardness and excellent chemical stability, these coatings and overlays possess superior abrasion, dry erosion (low and high temperature) and slurry erosion resistances. Synthesarc also develops tailored coatings for specific applications.

screen media made of rubber and polyurethane; wear pads for chutes, bins, hoppers, spillage control systems for conveyors; wear components for conveyors like slider bars and beds, pulley lagging; and hydrocyclones for mineral separation. Its products are installed in more than 60 countries with sales offices in 12 of them.

Tega Industries Canada Inc. Vinay Grover 1305 Kelly Lake Rd., Unit 1 Sudbury, ON P3E 5P5 (705) 523-4158 vinay.grover@tegaindustries.com www.tegaindustries.com

Tega Industries Canada Inc.: Total solution provider to your problems of wear and abrasion when separating ores. Tega Industries Canada Inc., an ISO:9002 certified company, specializes in designing, manufacturing and supplying solutions for wear and separation of ores in the mining, mineral processing industries. Tega is a total solution provider for wear and abrasion problems. The products include: rubber/PM mill linings for AG, SAG, primary, secondary, rod, ball and pebble grind mills;

TerraSource Global is the ultimate resource for material processing and handling equipment, uniting three marketleading brands: Gundlach Crushers, Jeffrey Rader and Pennsylvania Crusher. With sales offices and a representative network that spans the globe, these brands are installed and trusted worldwide throughout the material reduction and feeding spectrum. The firm’s product line includes size reduction equipment, Posimetric® and vibratory feeders, material handling equipment, screening and processing equipment, storage and reclaim equipment and pneumatic conveying equipment.

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

Tetra Tech WEI Inc. Keara Pownall 800-555 W. Hastings St. Vancouver, BC V6B 4N6 (778) 945-5700 keara.pownall@tetratech.com www.tetratech.com

Tetra Tech is a leading provider of consulting, engineering, program management, construction management, and technical services. The company supports government and commercial clients by providing innovative solutions focused on water, environment, energy, infrastructure and natural resources. With more than 14,000 employees worldwide, Tetra Tech’s capabilities span the entire project life cycle.

Thyssen Mining Construction of Canada Ltd. Rene Scheepers 2409 Albert St. N, PO Box 1997 Regina, SK S4P 3E1 (306) 949-6606 www.thyssenmining.com

Thyssen Mining Construction of Canada is a leading mining contractor in Canada and the United States, and also a world leader in shaft sinking. Our expertise includes shaft sinking, mine development (level, ramp and raise), mine rehabilitation and dewatering, raise boring, road header operation, civil and mine construction, ground freezing, shotcreting, shaft boring, mine operation (stoping, tramming, hauling), ground control, raise mining, civil tunnelling, mechanical and electrical installation, grouting and project management.

Thibault & Associates Inc. J. Dean Thibault 330 Alison Blvd. Fredericton, NB E3C 0A9 (506) 454-2359 d.thibault@thibault-processengineering.ca www.thibault-process-engineering.ca

Thibault & Associates Inc. provides process engineering services, specializing in the tailored design of metallurgical and hydrometallurgical flowsheets for production of concentrates and refined metals, with an experience base that includes projects for recovery of base, transition, rare and precious metals. Our firm assures a fully integrated approach to project execution by offering in-house bench and pilotscale test facilities, process and economic modelling capabilities, process intensification studies, coordination of multidiscipline engineering design and after-care services.

2015

Ultra Seat Corporation Eric Krysa 1-305 - 26230 TWP. Rd. 531A Acheson, AB T7X 5A4 (800) 667-7328 ekrysa@ultraseat.com www.ultraseat.com

Ultra Seat Corporation has been specializing in the development and manufacturing of innovative industrial seating for more than 20 years. Aiming to be recognized worldwide as the preferred source for industrial seating, Ultra continuously looks for new products and technologies to help serve its customers better and offers the highest quality and reliability of seating systems. Ultra has distribution centres across North America and is expanding its distributor network around the globe.

United Rentals Pump Solutions Timken Canada Evan Boere 100-5955 Airport Rd. Mississauga, ON L4V 1R9 (905) 694-4900 www.timken.com

Timken Canada has a long history servicing the mining industry. Our head office located in Mississauga and our sales professionals across the country work alongside our authorized distributors to support mining customers in finding the best antifriction solutions – a hallmark for over a century. In addition, with our extensive line of seals, roller housed units and now couplings and chain, Timken is in a unique position to better meet the needs of mines in Canada. Timken Canada a une longue histoire au service de l’industrie minière. Notre bureau chef à Mississauga, nos professionnels de la vente à travers tout le pays ainsi qu’à l’aide de nos distributeurs autorisés répondent depuis plus d’une centaine d’années aux besoins des clients miniers en leur offrant les meilleures solutions en produits antifriction. Avec en plus notre large gamme de joints d’étanchéité, de paliers sur roulements à rouleaux, et maintenant d’accouplements et de chaîne, Timken est dans une position unique pour desservir les besoins des mines au Canada.

Owen Myhre Bay 101, 5025 90 Ave. SE Calgary, AB T2C 2S9 (403) 278-7862 omyhre@ur.com www.unitedrentals.com/pumps

United Rentals Pump Solutions is a leading provider of industrial pumps, light towers, generators, compressors, dryers and related equipment. The industrial application areas in which we specialize are agriculture, construction, disaster recovery, environmental, frac water transfer, marine, mining and quarry, municipal and bypass, oilfield, oil sands, pipe line, pulp and paper, refineries/petrochemical, river crossing, water and wastewater, and well pointing.

Vallée Frédéric Beaulieu 310 rue Principale Saint-Alban, QC G0A 3B0 (800) 267-0355 vallee@vallee.ca www.vallee.ca

Renowned for its innovations, Vallée is a manufacturer specialized in custom hanDecember/Décembre 2014 • January/Janvier 2015 | 125

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CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

dling solutions. Our all-terrain articulated four-wheel-drive lift trucks, cable reels, tire handlers, buckets and forks for all models of lift trucks and loaders combine safety with productivity to meet the specific needs of the mining industry. Our knowhow also extends to the metallurgy industry with our range of very compact high-capacity lift trucks and specialized attachments. Entreprise reconnue pour ses innovations, Vallée est spécialisée dans les solutions de manutention sur mesure. Nos chariots élévateurs quatre roues motrices articulés tout-terrain, enrouleurs de câble, manipulateurs de pneu, godets et fourches pour tout modèle de chariots et chargeuses sur pneus alliant sécurité et productivité répondent aux besoins spécifiques de l’industrie minière. Notre savoir-faire s’étend également au secteur de la métallurgie avec des chariots très compacts de grande capacité et des outils spécialisés.

Val’s Drilling Limited Jonah Cimolini RR 3, Site 17, Comp. 18 Airdrie, AB T4B 0P7 (403) 226-0572 www.vdrill.com

Founded in 1990, Val’s Drilling Limited has specialized in the drilling industry for more than 25 years. Through our experience and innovation, the company has thrived, growing to include various drilling and support equipment. With Balzac, Alberta, being home to head of operations, Val’s Drilling has expanded throughout North America. Val’s Drilling will provide you with complete drilling solutions in any location the job demands!

Vatne Concrete Systems

Vatne Concrete Systems Ltd. Dan Vatne 210 Sherwood Rd. Beaconsfield, QC H9W 2G8 (514) 695-8899 dvatne@vatne.ca www.vatne.ca

Vatne Concrete Systems Ltd is the Canadian distributor of the Stable Air system for concrete air entrainment. Stable Air reduces batch mix water and improves rheology and concrete durability in cemented paste backfill (CPB), flowable fill, backfill,

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controlled low-strength material (CLSM), cellular concrete, cellular lightweight concrete (CLC), grout, lightweight structural concrete and structural concrete. With accurate, reliable Stable Air entrainment, we provide innovative, green, costefficient solutions. Vatne Concrete Systems est le distributeur Canadien du système d’entrainement d’air Stable Air pour béton cellulaire. Découvrez comment un seul adjuvent, Stable Air, peut réduire votre consommation d’eau, votre utilisation de matériaux et améliorer la rhéologie pour votre remblai à pâte cimentée (CPB). Stable Air améliore aussi la qualité du béton a faible résistance contrôlée, le remblai de remplissage, le béton léger cellulaire, les joints de surface, le béton léger structural et le béton structural. Nous offrons une solution fiable, innovatrice, écologique et économique.

Veyance Technologies Canada Inc. (Goodyear Engineered Products) Brad Baber 383-3 11 Bellerose Dr. St. Albert, AB T8N 5C9 (780) 569-5057 brad.baber@veyance.com www.goodyearep.com

Veyance Technologies Canada, Inc. is the exclusive manufacturer and marketer of Goodyear Engineered Products, working to accelerate business through good people, innovative technologies and smart solutions. Together, these strengths drive the development of Goodyear Engineered Products’ family of products and services: conveyor belts, industrial and hydraulic hose and fittings, power transmission and other rubber products. Benefit from market-driven products designed to boost your efficiency by keeping operating costs low and increasing high profit potential.

Victaulic Tim Meadows 123 Newkirk Rd. Richmond Hill, ON L4C 3G5 (905) 884-7444 Tim.Meadows@victaulic.com www.victaulic.com

Since 1919, Victaulic has been the world’s leading producer of grooved mechanical couplings and pipe-joining systems. Victaulic is the single supplier with unique solutions and a comprehensive product line for mining’s most demanding services. Victaulic has developed a number of innovative pipe joining technologies designed for reliable, worry-free service under the most severe conditions imaginable. Victaulic systems benefit owners, engineers, installers and maintenance personnel across the globe. Depuis 1919, Victaulic est le premier producteur mondial de raccords mécaniques rainurés et de systèmes de raccordement de tuyaux. Victaulic est le seul fournisseur offrant des solutions uniques et une gamme complète de produits pour les tâches les plus exigeantes de l’exploitation minière. Victaulic a mis au point un certain nombre de technologies novatrices d’assemblage de tuyaux conçues pour un service fiable et sans tracas, même dans les pires conditions. Les systèmes Victaulic profitent aux propriétaires, aux entrepreneurs, aux installateurs et au personnel d’entretien sur la planète.

Wajax Equipment John Fitzpatrick 30-26313 Twp Rd. 531 A. Acheson, AB T7X 5A3 (780) 948-5400 www.wajax.com

Wajax Equipment is a 150-year-old company focused on the distribution of all aspects of mining mobile equipment, including underground surface and plant process sales and service, and represents Hitachi, Velocity, Vulcan, Zaman, Fletcher and Furakawa Western Canada.

CIM CORPORATE MEMBER DIRECTORY RÉPERTOIRE DES MEMBRES CORPORATIFS DE L’ICM

2015

ture capital firms to international investment funds, and local stakeholders to governments of every level – WGM has you covered.

Wajax Power Systems Steve DiLoreto 10025 51 Ave. Edmonton, AB T6E 0A8 (888) 717-7131 www.wajaxpower.com

Western Potash Corp.

Wajax Power Systems is a leading Canadian distributor of power systems, diesel and natural gas engines, transmissions and diesel, and natural gas generator sets. With more than 150 years of experience, we provide complete and custom power solutions for mines, mining OEMs and other industries across Canada. Our branches extend from the Peace Region of B.C., to the shores of Atlantic Canada, so no matter how remote your job site is, Wajax Power Systems has the sales and service network to provide you with efficient, reliable power systems. Wajax Systèmes de puissance est le plus important fournisseur canadien de systèmes de puissance, moteurs diesel et au gaz naturel, transmissions et groupes électrogènes diesel et gaz. Possédant plus de 150 ans d’expérience, nous offrons des solutions complètes ou sur mesure pour les mines, les fabricants d’équipement et plusieurs autres industries au Canada. Nos succursales s’étendent depuis les champs de pétrole et de gaz naturel de l’Ouest Canadien jusqu’aux rivages des Provinces de l’Atlantique, alors peu importe si votre chantier se trouve dans une région éloignée, nous avons le réseau de vente et de service pour vos fournir des systèmes de puissance efficaces et fiables.

Wenco International Mining Systems Ltd. Geoff Gauthier 100-10271 Shellbridge Way Richmond, BC V6X 2W8 (604) 270-8277 www.wencomine.com

Advancing the efficiency and safety of the world’s surface mining equipment through our fleet management systems, Wenco has been providing world-class productivity software and operator safety solutions for the world’s surface mine operations for more than 20 years. We continually research industry needs and strive to provide the most comprehensive and allencompassing solutions in positioning and machine guidance programs, equipment health, state-of-the-art productivity reporting, and our trusted automatic dispatch systems at very competitive pricing. Nos systèmes de gestion de flottes rendent le matériel d’exploitation des mines à ciel ouvert plus efficace et plus sûr, Wenco a été la fourniture de logiciels de productivité de classe mondiale et des solutions de sécurité de l’opérateur pour les opérations de la mine à la surface de la planète pour depuis 20 ans plus.

Michael Kociumbas 400-8 King St. E Toronto, ON M5C 1B5 (416) 364-6244 mkociumbas@wgm.ca www.wgm.ca

Watts, Griffis and McOuat Limited (WGM) is Canada’s longest running independent firm of geological and mining consultants, providing value-added professional services of the highest standards to the global mineral resource industry. Our client list is as vast as our experience. From small cap junior exploration companies to globally diversified metal producers, private ven-

Western Potash Corp. is a development stage potash company focused on building a solution mine on their Milestone property located in southern Saskatchewan. The company intends to develop this worldclass Milestone potash deposit in an ecologically sustainable, economically efficient and socially responsible manner. In December 2012, along with AMEC of Americas, the company completed a feasibility study on the project. The company has completed an environmental assessment on the Milestone property. The EA approval was granted by the Saskatchewan Ministry of Environment. The approval covers all components of the mine facility including the use of City of Regina-treated effluent as the industrial water source for the project. Western Potash has raised in excess of C$140 million from institutional and retail investors including the IPO in May 2008.

Westlund (division of Emco Corp)

WesTech Engineering, Inc. Watts, Griffis and McOuat Limited

Dean Pekeski 1818-701 W. Georgia St. Vancouver, BC V7Y 1C6 (604) 689-9378 www.westernpotash.com

Jim Woods 3625 South West Temple Salt Lake City, UT, USA 84115 (801) 265-1000 www.westech-inc.com

WesTech designs and manufactures a full range of liquid/solids separation equipment for the minerals industry worldwide. Applications include product concentration, tailings disposal, acid mine drainage, CCD circuit washing and more. WesTech’s process-driven approach to equipment design and supply helps ensure the best equipment selection for any application. We offer services for complete turnkey systems and fast-track projects. WesTech is employee-owned and ISO 9001:2008 certified.

Kevin Eaton 5188A Everest Dr. Mississauga, ON L6V 3J8 (905) 624-8010 x: 235 keaton@westlundpvf.com www.westlundpvf.com

For more than 50 years Westlund has been an industry leader, focused on the pipe, valve and fittings service and supply requirements for our Canadian mining and oil sands customers. Westlund has a major presence in all critical regional distribution locations in all provinces and the territories. With the necessary expertise and a vast array of PVF products specifically tailored to the mining industry, Westlund can quickly and expertly service all your requirements.

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Wire Rope Industries Ltd. Steve Wood 5501 Trans-Canada Hwy Pointe-Claire, QC H9R 1B7 (514) 426-6442 www.wirerope.com

Wire Rope Industries is the most diversified manufacturer of high-performance ropes in North America. For more than 125 years, the company has been a leader in its field. With our knowledge and expertise, we have been able to refine the art of ropemaking into a science. Open pit and underground mines are renowned for having some of the most difficult equipment operating conditions found anywhere in the world. Wire Rope Industries offers a full line of high-performance wire ropes designed and manufactured to handle the diverse conditions in your mining applications.

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W.S. Tyler Kristen Randall 225 Ontario St. St. Catharines, ON L2R 7B6 (905) 688-2644 krandall@wstyler.ca www.wstyler.ca

W.S. Tyler is a member of the wholly owned German-based Haver & Tyler Processing Technology Alliance, and a leading manufacturer, systems provider and specialist in the screening, washing and pelletizing industry. Focused on all aspects of the screening circle, from particle analysis and screen media, to vibrating screens and processing technology, as well as screening services, it is the company’s mission to bring new approaches and technologies to the marketplace. W.S. Tyler est la seule entreprise au monde à fournir des solutions de criblage, de lavage et de bouletage de premier choix qui englobent le processus complet du criblage avec l’analyse des particules, les supports de criblage, les cribles vibrants et l’équipement de transformation, ainsi que l’analyse complète de la production et l’assistance pour l’entretien et les pièces. En tant que chef de file mondial de la technologie du traitement des minerais, le groupe est renommé pour sa qualité exceptionnelle et son engagement visant à redéfinir continuellement le traitement des matériaux en apportant des solutions innovantes sur le marché.

Xylem Ethel Velentzas 300 ave. Labrosse Pointe-Claire, QC H9R 4V5 (514) 428-4826 info.wcdn@xyleminc.com www.xylemwatersolution.com/ca

Xylem is a leading global water technology provider with 12 sales and service locations across Canada. Our dewatering service offers the complete Flygt line of pumps for municipal, industrial, mining and construction applications. Xylem also offers a full service rentals program. Submersible pumps, engine-driven suction pumps, generators, piping and complementary accessories are available. Xylem est un leader mondial dans le secteur des technologies de l’eau, avec 12 succursales au Canada. Le service de drainage offre la gamme de pompes Flygt pour les applications municipales, industrielles, minières et pour le domaine de la construction. Xylem offre également des services complets de location. Il propose une gamme étendue de pompes submersibles, de pompes d’aspiration à entraînement par moteur, de génératrices, de conduites et d’accessoires complémentaires.

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The Elsa silver heist By Alicia Priest

Bob Stodard

tealing gold-bearing ore is relatively easy and common. In early June 1963, three White Pass and Yukon Route You can hide a rock with high-grade gold in the palm of transport trucks arrived to haul the ore to Whitehorse where it your hand. But theft of silver ore is almost unheard of: would then travel by rail to Skagway, container ship to VanHow do you hide boulders of the stuff? Because that is what you couver, and rail again to a smelter in Helena, Montana. would need to make its theft One truck driver bumbled worthwhile. In the early 1960s, the getaway. Instead of skirting circumstances converged for a Elsa on a side road, he stopped group of miners in a sleepy in town for cigarettes, coffee Yukon mining town to make and directions, where UKHM such a proposition irresistible. mine manager Al Pike spotted What resulted was one of the the loaded truck. most audacious Canadian Pike’s sighting triggered a mining thefts in history. costly police investigation and At the time, United Keno the longest preliminary hearing Hill Mines Ltd. (UKHM) operin Yukon history. It also resulted ated a profitable silver mine in in two trials, during which Dad Elsa, Yukon, an isolated comand Bobcik stood accused of pany-built town of about 600 attempting to sell ore they could souls. The mine was not prove was theirs. It was an renowned for its rich silver odd charge, requiring the veins including one called the accused to prove their innocence Bonanza Stope that yielded rather than the Crown proving 4.5 million ounces of silver their guilt. The charge would over the course of the roughly Gerald Priest and George Esterer, a family friend, at the ghost town of Wernecke later be stricken from Canada’s three years it was mined. Camp. criminal code for violating the Some geological goblin had Charter of Rights and Freedoms. saved the vein’s best for last: a 2,500-short ton peach that At the first trial, the Crown failed to obtain all but one conproduced astonishing assays of up to 7,500 ounces of silver viction. At the second trial, both men were convicted on all per ton. counts. The jury rejected Dad’s story that he had hand-mined In 1961, over the course of several weeks, two miners the ore on the Moon claims. It did not matter that the Crown began making nightly excursions into the stope during the failed to prove it came from the Elsa mine. four “dead” hours between the day and night shifts. Soon, they Following his release from jail in November 1966 after serving had squirreled away in a dark recess of the mine close to 70 15 months of a four-year prison sentence, Dad exacted a measure tons of ore worth $2 million at today’s silver prices. of revenge. He initiated a civil suit before U.S. courts. The United Later, joined by my father, Gerald Priest, they raced to States Court of Appeal was not impressed that the smelter had move the ore to a roadside ditch obscured by willow scrub on processed the disputed ore and sent UKHM a cheque before my the opposite side of a hill near the mine after word spread that father had even been tried let alone convicted. The court was even regular mining operations were to resume near the cached ore. less impressed with a Canadian law that flipped on its head the Then the hard mental work of how to sell the pilfered rock sacred legal tenet of innocent until proven guilty. began. My dad, UKHM’s chief assayer, and Anthony Bobcik, an UKHM executives, eyeing potentially months of escalating underground miner turned assay office worker, hatched a legal costs, decided enough was enough. They paid a settleplan. Dad got a local prospector to sell him the rights to mine ment of $80,000 to the man they had accused of stealing ore silver and other precious metals in an area northeast of Elsa from under their noses. CIM known as the Moon mineral claims. Bobcik, meanwhile, regAlicia Priest is an award-winning writer with more than 25 years experience. istered a new company called Alpine Gold and Silver Ltd. work has appeared in the Vancouver Sun, the Globe and Mail, CBC Radio Soon thereafter, Dad bought a snowmobile and began regu- Her and the Canadian Medical Association Journal. This article is adapted from lar trips “hauling ore” between his distant Moon claims and the A Rock Fell on the Moon: Dad and the Great Yukon Silver Ore Heist (Harbour Alicia’s first book. It is part memoir of an idyllic northern roadside cache. Of course, the ore was already in place and the Publishing), childhood, a history of Yukon silver mining, and an account of one of Canada’s snowmobile was all for show. most daring silver heists. 130 | CIM Magazine | Vol. 9, No. 9

When the world looks to you Look to Petro-Canada Lubricants

Petro-Canada is a Suncor Energ gyy business TM

Trademark of Suncor Energy Inc. Used under licence.