Here W Competitive Mining World, Disruption Is the Norm

Publication Mail The official publicaT i o n o f T h e S a S k aT chewan Mining a S S o c i aT i o n Agreement No. 42154021 2018 SPRING & SUMMER SEISMic CHANGE ORE | ThE offIcIal publIcatioN of ThE SaSkaTchEwaN Mining AssocIation SPRING/SUMMER 2018 Employees Henry Hernandez of Saskatoon (centre, left) and Jennifer Conrath of Ohio (centre, right) joined Nutrien executives to ring the bell on the New York Stock Exchange on the first day of trading under the company’s new name. Photo courtesy NYSE oRe is produced solely by the Saskatchewan Mining conTents association. HEAD OFFICE coVeR feaTuRe ENViRONMENT Suite 1500 SEISMIC GLOBAL CLIMATE New Name, 2002 Victoria avenue CHANGE SHIFTS CHANGE Regina, Saskatchewan S4p 0R7 potashcorp and Market drives how federal agrium merge massive change in regulatory changes Telephone: (306) 757-9505 into nutrien mining industry will affect Sask. Same Commitment fax: (306) 569-1085 mining www.saskmining.ca 6 9 20 You’ve known us as AREVA for years. We are now Orano. all rights reserved. The contents of this publication WORKFORCE 12 may not be reproduced Student jobs help grow tomorrow’s workforce A new brand with the same focus on uranium exploration, mining and in whole or part without oRe DEPOSiTS milling in northern Saskatchewan, and the same commitment to safety, consent of the copyright 13 Sask. geological Survey celebrates 70 years environmental protection and our communities. owner. eDUCATION 16 SMa outreach to engage indigenous students coVeR phoTo The last year has brought PARTNERS 18 significant changes to partnerships build capacity in indigenous communities Saskatchewan’s mining industry. You could INNOVaTION 19 say some of them were new ideas pitched at DeMoDay seismic. From mergers and acquisitions to renaming BUILDING BLOCKS 22 and rebranding, new how Saskatchewan mines got their names shoots of optimism are emerging in some sectors, SAFETY 23 T while others regroup Mine Rescue competition marks 50 years ABLE in difficult markets. SECTION BEYOND THE BIO In this edition of ORE, 24 OF we look at the global larry long, Vice president, operations, potash, nutrien CON shifts now at play. eaRTh 26 T Rebranding nutrien and orano EN www.oranocanada.com TS TAGGING ALONG 28 Meet Janey Durocher-Yew, radiation technician, cameco 3 LIST OF aDVeRTiSeRS 30 ORE | ThE offIcIal publIcatioN of ThE SaSkaTchEwaN Mining AssocIation SPRING/SUMMER 2018 a MeSSAGE fRoM SMa pReSiDENT, paM Schwann Seismic Changes come to Saskatchewan mining as the saying goes, sometimes the only thing record year of gold production from SSR Mining’s that stays constant is change. in the globally- Seabee Mine. competitive mining world, disruption is the norm. it has been dizzying trying to keep up with whether it is in the actual process of mining, the changes to the names of mining companies where we have evolved from pick and shovel operating in Saskatchewan — almost an “alpha- to remote mining techniques and utilization of bet soup” in the making — as many companies artificial intelligence, to the increasingly repre- have recently changed names due to rebranding as the sentative composition of the workforce, change or mergers and acquisitions. The eaRTh story is ever present. provides some insight into these changes. while some change takes time, other change The issue also reflects on the seismic changes to saying goes, happens more suddenly. in Saskatchewan, we federal environmental legislation, particularly with have seen seismic changes to company structures respect to environmental assessments and climate sometimes over the past two years. it was less than a decade change. Mining in Saskatchewan and canada is ago that Saskatchewan was riding a wave of com- already a world leader in terms of environment modity price highs in both potash and uranium. and safety performance, financial payments to the only thing however, since 2008, prices for both these com- governments, benefits to civil society and in being modities have drastically reduced, meaning that leaders in employment of indigenous peoples and some form of disruption to standard operations incubators of indigenous businesses. that stays was required for companies to remain global Mining companies require stability and a frame- leaders for the long term. while commodity prices work that encourages investment in the country’s constant is are cyclical, standing still waiting for an upcycle mineral potential. constant legislative changes to return carries the risk of extinction. that impose a social agenda without due con- This issue of oRe examines some of these seis- sideration to the reality of global competitiveness change. in mic changes, from the “merger of equals” be- will ultimately result in shifting mineral production tween potashcorp and agrium to form nutrien, to out of canada to other jurisdictions that don’t Agrium and PotashCorp are now Nutrien. the temporary suspension of uranium production have the high operating standards that currently the globally- from cameco’s Mcarthur River mine and key exist in canada — and that is not the type of dis- lake mill facility. ruption that is good for Saskatchewan or canada. What do you get when the world’s biggest crop input retailer combines competitive There has been positive news with other global This issue, however, is not all about drastic forces with the largest crop nutrient production and distribution operation shifts, including how reduced potash reserves in change: stability is reflected in the articles on germany ultimately meant good news for k+S both the upcoming 50th anniversary of the SMa on Earth? You get an unmatched supply of crop inputs, an extensive and mining world, potash canada’s bethune mine, Mosaic’s acqui- emergency Response Mine Rescue competition eﬃcient delivery infrastructure and more than 1,500 retail locations, sition of Vale’s potash assets, the reliable and and the 70th anniversary of the Saskatchewan staﬀed with generations of farming experts. In the race to feed the world’s cost-effective production of baseload energy geological Survey. although, even in these arti- exploding population, ours is a whole new business model. disruption is from westmoreland’s coal mines, and another cles, it is evident that evolution is a constant. the norm. And as we help growers produce more food, we’ll continue No matter what your to support the communities where we operate, working together with local mining challenge, we partners to keep our city, and our province, shining bright. power through it. Wherever your mine is located, you can rely on Aggreko to provide fast, affordable and reliable power and temperature control. We can deliver a tailored solution that meets your exact requirements. S IAL R o T i SECTION D e www.nutrien.com Power and Temperature Control Specialists in Mining. Saskatoon Office T: 306-931-0191 Aggreko operates from over 200 locations throughout the world. 4 For the location nearest you, please go to: www.aggreko.com/contact ORE | ThE offIcIal publIcatioN of ThE SaSkaTchEwaN Mining AssocIation SPRING/SUMMER 2018 ORE | ThE offIcIal publIcatioN of ThE SaSkaTchEwaN Mining AssocIation SPRING/SUMMER 2018 tion, the number of corporate jobs in the nutrien has an R&D team in loveland, city will actually increase by about 30 to 300, nutrien has six colorado, and Sully sees some potentially said Sully. exciting products emerging from there. he “nutrien has six potash mines in Saskatch- potash mines in gives an example. ewan and the province will benefit from “one of the interesting things happen- growth in the potash market,” said Sully. Saskatchewan and the ing from an agronomic perspective is in the “The market is absorbing recently completed “ corn belt, where the amount of sulphur that capacity, and nutrien is in a great position to province will benefit has been deposited from rainwater has de- take advantage of future growth in demand.” creased dramatically over the last 20 years, growth is coming from a profound change from growth in the as the EPA’s (u.S. environmental protection in food requirements. Sully believes that agency’s) programs have decreased So2 and fertilizer markets, potash in particular, are potash market. So3 emissions from industry. now responding to the growth in the world’s “while the EPA has made the world population. Raef SullY, cleaner, there has been less sulphur de- “as people’s eating habits change and ExecutivE Vice President, Potash posited. one of the things we think about is you get a growing middle class in india and Nutrien whether we should be trying to add sulphur. china, food consumption changes. That ” Those are the types of things that the retail means higher yields are needed,” said Sully. arm may well help us address faster.” in other words, the world needs to grow the you get is more consistent cash flow, which before becoming executive Vice president, fruits, vegetables, grains and protein needed is interesting, because what it means is you potash, Sully was president of PCS nitrogen to feed everyone. probably have cash at the bottom of the and PCS phosphate at potashcorp. “potash is unique. if you look globally, cycle for the commodities that you can invest originally from australia, he had lived most there are markets that are not applying ahead of your competitors. of his life in Sydney. he holds a bachelor’s enough potash compared to nitrogen and “So, stability of cash flow is certainly one degree in civil engineering and a doctorate phosphate. You’re going to see continued opportunity. on the right side of a manu- in engineering, as well. growth in crops. potash consumption has facturing or commodity cycle we should be he worked for a firm of engineers, focus- to grow by two to three per cent. able to out-invest our competitors.

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