Newsletter #4 (April 2012)
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Mine Plus CANADA’S TOP 40 COMPANIES Are Performing Well
c a n a d a ’ s f i r s t m i n i n g publication CANADIANCANADIAN MMwww.canadianminingjournal.cominingining JJournalournalAugust 2011 INSIDEJOB An in-depth look at building the Copper Mountain Mine Plus CANADA’S TOP 40 COMPANIES are performing well CANADIANCANADIANMining Journal Departments CONTENTS 5 Editorial Calling miners “sissies” (as one ‘consul- COVER STORY 13 tant’ did) because of peer pressure to act “macho” when it comes to safety is Canada’s TOP 40 not only ludicrous according to Editor Russ Noble but it’s also something that 13 mining companies wouldn’te b tolerated in Canada’s mines thankso t self-governing of the rules by CMJ’s annual “TOP 40” survey other miners. takes a look at Canada’s best mining companies and what areas of mining 6 Mining Matters are most profitable. Canadian Mining Journal’s popular “Mining Matters” pages take a quick lookt a some of the names and events BC Copper Mine 18 that are making headlines across 18 Copper Mountain Mining’s Canada and around the world. new project starts producing in 8 Competitive Edge record time. CMJ’s Foreign Correspondent Jaquelina Jimena talks about “The new CSR frontier” and how importantt i is to introduce the topic of Corporate Social Responsibility CANADIANS WORKING OUTSIDE CANADA into the universities of the world. In Alaska 22 10 In My Mine(d) 22 Fire River Gold revives Nixon This month’s Guest Column has been writteny b Yusra Siddiquee, a Partner Fork gold project in remote site. at Norton Rose OR LLP, and entitled “Key Changes to Canada’s Foreign Work Program.” In Mexico 26 34 Products 26 Minfinders Corp. -
For Information Only Presented: Tuesday, Feb 28, 2017 Report Date Wednesday, Feb 08, GSDC Board Update to Council 2017 Type: Presentations
Presented To: City Council For Information Only Presented: Tuesday, Feb 28, 2017 Report Date Wednesday, Feb 08, GSDC Board Update to Council 2017 Type: Presentations Resolution Signed By For Information Only Recommended by the Department Finance Implications Ian Wood Director of Economic Development There are no financial implications. Digitally Signed Feb 8, 17 Recommended by the C.A.O. Ed Archer Chief Administrative Officer Digitally Signed Feb 10, 17 BACKGROUND As per the motion passed by the City of Greater Sudbury Priorities Committee on February 21, 2007, the Greater Sudbury Development Corporation (GSDC) will provide updates on progress with respect to investments in economic development projects, programs and activities. The following is a synopsis of the projects that have received financial support and their expected economic impact for Greater Sudbury. The GSDC is the economic development arm of the City of Greater Sudbury. The Board of Directors is comprised of fourteen community volunteers and four members of City Council. The GSDC Board is entrusted by City Council to oversee investment decisions using municipal dollars and has the fiduciary responsibility to ensure that investments align with our economic development strategic plan and advance our city and its economy. The following report summarizes the activities of the Greater Sudbury Development Corporation and the City’s Economic Development Division between June 2016 and December 2016. These activities include investments made by the GSDC through the Economic Development Fund, details on the recipients of the Arts and Culture Operating and Project Grants, the results of the GSDC’s Board Prioritization Session for 2017, as well as highlighted activities supporting the goals of the From the Ground Up strategic plan. -
4. Composition of the KGHM Polska Miedź S.A. Group – Subsidiaries 2
Annual consolidated financial statements Accounting policies and other explanatory information 4. Composition of the KGHM Polska Miedź S.A. Group – subsidiaries Effect of changes in the structure of the KGHM Polska Miedź S.A. Group during the reporting period Purchase of KGHM INTERNATIONAL LTD. (formerly Quadra FNX Mining Ltd.) On 5 March 2012, the KGHM Polska Miedź S.A. Group purchased from the former shareholders of Quadra FNX Mining Ltd. with its registered head office in Vancouver (“Quadra FNX”) 100% of the shares of Quadra FNX. The consideration transferred comprises: the purchase of ordinary shares for the amount of PLN 9 363 million, the purchase of warrants for the amount of PLN 39 million, the realisation of purchased warrants in the amount of PLN 305 million. The shares were purchased in execution of the agreement dated 6 December 2011 signed by the Parent Entity of the KGHM Polska Miedź S.A. Group and Quadra FNX under a Plan of Arrangement recommended by the Board of Directors of Quadra FNX (“Agreement”). The shares purchased represent 100% of the share capital of Quadra FNX and 100% of the votes at the General Meeting of this company. 5 March 2012 was assumed as the date of obtaining control. Until the moment of obtaining control by the KGHM Polska Miedź S.A. Group, the Quadra FNX shares were listed on the TSX Venture Exchange in Toronto. The operations of Quadra FNX (name changed to KGHM INTERNATIONAL LTD. from 12 March 2012) are focused on mine production of metals (including copper, nickel, gold, platinum, palladium) in the following mines: Robinson and Carlota in the USA, Franke in Chile, and McCreedy West, Levack (with the Morrison deposit) and Podolsky in Canada. -
NEW for 2015!
THE BIG EVENT MAY 27-28, 2015 CANA DIAN MINING TIMMINS TIMMINS, ONTARIO McIntyre Community Centre Show Hours: Wed., May 27 10:00 A.M. - 6:00 P.M. Wed., May 28 9:00 A.M. - 4:00 P.M. Official Schedule of Events, Times and Locations NEW for 2015! CANADIANMININGEXPO.COM A First in Canada! Syracuse Gold Property Demos A simulated junior mining camp containing an actual camp setting located in the heart of the Timmins Mining Camp. Take in the live demos! Fly into the demo site with Expedition Helicopters or ride the bus leaving the show site every half hour on the hour. Demo Times Wed., May 27th. 01:00 P.M - 5:00 P.M. Thurs., May 28th, 10:00 A.M. - 3:00 P.M. Page 1 TIMMINS - CANADA’S GOLD CAPITAL THE BIG EVENT CANA DIAN MINING TIMMINS THE GALA DINNER Date: Tuesday May 26, 2015 6:00 pm Location: The McIntyre Ballroom Sponsored by: Porcupine Miners Memorial Committee TICKETS ARE SOLD OUT The Gala Dinner is an excellent beginning to a concentrated environment of networking. Individual tickets and group Tables of 8 are available for exhibitors on a first come first serve basis. Only 320 tickets were made available. Call to reserve your tickets. Make sure you state that you are an exhibitor. Call now Toll Free 866-754-9334 to reserve your tickets. Pre-payment is required. AN EVENING OF NETWORKING & FUN Master of Ceremonies: Robert Calhoun, Chairman, Porcupine Miners Memorial Committee - Glenn Dredhart, President of Canadian Trade-Ex (Event Organizer) - Steven Black, Mayor City of Timmins - Mr. -
Vale Finds Gold in Marathon
Issue #15 July 2011 Vale finds gold in Marathon West Mines team dedicates win to colleagues ine rescuers from Vale West Mines celebrated winning the M61st annual Ontario Mine Rescue Competition in Marathon in June, but the festivities were muted by the deaths of two miners a few days earlier at the company’s Stobie Mine in Sudbury. Briefi ng Offi cer Jacques Joduin, in accepting Vale West Mines rescue team poses during a break in action at the 2011 Ontario the trophy for the team at the closing banquet, Mine Rescue Competition at Barrick-Hemlo’s Williams Mine, near Marathon. dedicated the achievement to miners Jason Chenier and Jordan Fram, killed in a run of muck. The fatalities, a poignant reminder of the importance of mine rescue, were commemorated The 2011 Winners with a minute of silence during the awards presentation as most participants and audience OVERALL WINNERS members wore black ribbons. 1st - Vale West Mines The Vale team of Captain Brian Small, 2nd - Barrick-Hemlo Vice-captain Paul Frising, Eric Gagne, Neil Thompson, Lorne Beleskey, Ron O’Bumsawin, FIREFIGHTING TEAM AWARD Jodie Dumochel, and Joduin, also won the Team Vale West Mines Firefi ghting Award. Barrick-Hemlo technician Denis Bilodeau won FIRST AID TEAM AWARD the Technician Award. Xstrata Copper, Kidd Mine Though the provincial competition has SPECIAL EQUIPMENT AWARD occasionally been held in underground venues in Xstrata Nickel recent years, this marks the fi rst time the entire competition has been held underground at an TECHNICIAN AWARD operating mine, Williams Mine. The effort was 1st - Denis Bilodeau, Barrick-Hemlo undertaken at the request of and with the full support of Barrick-Hemlo offi cials, as well as the 2nd - Derrick Parsons, Vale East Mines support of the Marathon community. -
Corporate Social Responsibility Report
CSR REPORT 2012 * CORPORATE SOCIAL RESPONSIBILITY REPORT KGHM POLSKA MIEDŹ S.A. ul. Marii Skłodowskiej-Curie 48, 59-301 Lubin, Poland tel. +48 76 74 78 200, fax +48 76 74 78 500 www.kghm.pl * THE MOST ATTRACTIVE EMPLOYER IN POLAND RESPONSIBLE EMPLOYER *KGHM Polska Miedź S.A. is the winner of the Most Attractive Employer title in third edition of the Randstadt Award survey held in Poland. The high employment* standards maintained in Poland will be implemented in all KGHM Group companies worldwide. KGHM Polska Miedź S.A. Contents Introduction 4 For schools and universities 63 Letter of the President (1.1) 4 Broad Benefits Package 65 Letter of the Minister of Economy 5 Safety of employees – safe mines 66 Our Report 6 Safe mines 67 1. About KGHM – Challenges and Opportunities Education is the key (LA8) 71 of a Local Entrepreneur on Global Markets 9 KGHM Polska Miedź S.A. valued and recognised 71 Significance of Copper for Sustainable 4. Good Neighbour and Trustworthy Investor 77 Development 10 KGHM Polska Miedź S.A.is an integral part Copper Production in Poland and Worldwide 11 of the Lower Silesia local community 78 KGHM Polska Miedź S.A. Market Position 13 Dialogue on Mining Concessions 80 Company’s Business Strategy 18 Partnership with Local Authorities 82 Establishment of KGHM INTERNATIONAL LTD. 20 KGHM Polska Miedź S.A. Listens to the Needs KGHM Polska Miedź S.A. – Leader of the People in the Copper Basin (4.17) 84 of Corporate Social Responsibility 26 Towards More Robust Buildings 88 KGHM Stakeholders 28 Polish Copper Foundation Collaboration on Knowledge and Experience for the People and the Region 90 Sharing and Setting New Standards 28 Healthcare 96 (2.10) Awards received by KGHM Polska Miedź S.A. -
Ontario Mine Rescue Competition Awards
Ontario Mine Rescue Competition Awards JUNE 2018 Table of Contents Provincial Championship Award (M.S.A. Trophy) John Guthrie (Special Equipment) Award Firefighting Award First Aid Award Equipment Technician Award Kirkland Lake District Onaping District Red Lake District Southern District Sudbury District Thunder Bay/Algoma District Timmins District Former District Trophies Provincial Championship Award The M.S.A. Trophy, donated by MSA Canada Ltd., has been awarded to the top team in the annual Provincial Mine Rescue Competition since 1955. A cut and polished granitoid slab with plaque rests above a silver, trapezoidal engraved scene of a linked six-man mine rescue team wearing McCaa breathing apparatus. The team is traversing a double-tracked drift, as the lead rescuer holds a Wolf flame safety lamp, while the second holds a self-rescuer. The trophy originally consisted only of the slab and the first tier with the engraving. The bottom three tiers were added. 1950 – Pamour Porcupine Gold Mines 1987 – Denison Mines Ltd. 1951 – Hallnor Mines Ltd. 1988 – Denison Mines Ltd. 1952 – Hollinger Consolidated Gold Mines Ltd. 1989 – American Barrick Resources 1953 – Falconbridge Nickel Mines Ltd. - Holt McDermott Mine 1954 – MacLeod Cockshutt Gold Mines Ltd. 1990 – Sifto Canada, Goderich Mine 1955 – Kerr Addison Gold Mines Ltd. 1991 – Placer Dome Inc., Campbell Mine 1956 – Falconbridge Nickel Mines Ltd. 1992 – Placer Dome Inc., Dome Mine - East Mine 1993 – Inco Ltd., Frood Stobie Complex 1957 – Steep Rock Iron Mines Ltd. 1994 – Inco Ltd., Levack Complex 1958 – Steep Rock Iron Mines Ltd. 1995 – Inco Ltd., Frood Stobie Complex 1959 – Algom Uranium Mines Ltd. 1996 – Falconbridge, Onaping Craig Mine - Quirke Mine 1997 – Falconbridge 1960 – Falconbridge Nickel Mines Ltd. -
KGHM INTERNATIONAL LTD. (Formerly “Quadra FNX Mining Ltd.”) Condensed Interim Consolidated Financial Statements March 31, 2012 (Expressed in Millions of U.S
KGHM INTERNATIONAL LTD. (Formerly “Quadra FNX Mining Ltd.”) Condensed Interim Consolidated Financial Statements March 31, 2012 (Expressed in millions of U.S. dollars, except where indicated) (Unaudited) KGHM International Ltd. (Formerly “Quadra FNX Mining Ltd.”) CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (US Dollars in Millions) (Unaudited) March 31, December 31, Notes 2012 2011 ASSETS Current Cash and cash equivalents 898.2 1,005.5 Receivables 7 207.1 199.5 Inventory 6 218.3 198.7 Derivative assets 15 - 0.1 Notes receivable 21 111.2 - Other current assets 8 71.8 69.3 Total Current Assets 1,506.6 1,473.1 Mineral properties, plant and equipment 9 1,134.0 1,141.7 Investment in Sierra Gorda JV 5 521.1 521.1 Subordinated loan receivable from Sierra Gorda JV 5 75.1 - Goodwill 180.6 180.6 Environmental trust and bond 82.6 82.4 Other non-current assets 8 40.9 31.7 Deferred income tax assets 99.4 93.6 Total Non-Current Assets 2,133.7 2,051.1 Total Assets 3,640.3 3,524.2 LIABILITIES AND SHAREHOLDERS’ EQUITY Current Accounts payable and accrued liabilities 10 142.3 125.0 Provisions 11 12.8 7.0 Derivative liabilities 15 9.2 13.6 Current portion of deferred revenue 12 17.3 17.9 Other current liabilities - 0.2 Current corporate tax liabilities 8.1 20.7 Total Current Liabilities 189.7 184.4 Senior Notes 13 488.5 488.2 Deferred revenue 12 167.9 169.9 Site closure and reclamation provision 14 87.7 88.6 Derivative liabilities 15 50.3 64.9 Deferred income tax liabilities 225.6 236.9 Total Non-Current Liabilities 1,020.0 1,048.5 Total Liabilities 1,209.7 1,232.9 Shareholders’ Equity Share capital 16(a) 1,847.6 1,706.3 Contributed surplus - 35.9 Accumulated other comprehensive loss (14.0) (15.2) Retained earnings 597.0 564.3 Total Shareholders’ Equity 2,430.6 2,291.3 Total Liabilities and Shareholders’ Equity 3,640.3 3,524.2 Commitments (Note 23), Contingencies (Note 24) The accompanying notes are an integral part of these condensed interim consolidated financial statements. -
MANAGEMENT DISCUSSION and ANALYSIS for the YEAR and FOURTH QUARTER ENDED DECEMBER 31, 2011 (Expressed in Millions of U.S
MANAGEMENT DISCUSSION AND ANALYSIS FOR THE YEAR AND FOURTH QUARTER ENDED DECEMBER 31, 2011 (Expressed in millions of U.S. dollars, except where indicated) Three months ended December 31 Year ended December 31 2011 2010 Change 2011 2010 Change FINANCIAL HIGHLIGHTS Revenues 286 332 -14% 1,179 958 23% Income from mining operations 46 114 -60% 146 302 -52% Adjusted EBITDA (1) 64 154 -58% 330 378 -13% Adjusted EBITDA per share (basic) 0.33 0.82 -59% 1.72 2.44 -29% (Loss) earnings for the period (108) (32) 242% 267 80 235% (Loss ) earnings per share (basic) (0.56) (0.17) 238% 1.39 0.26 436% Cash 1,006 319 215% 1,006 319 215% Working capital 1,289 760 70% 1,289 760 70% (1) See “Non-IFRS Financial Measures” HIGHLIGHTS: 2011 Annual Total revenues increased 23% to $1,179 million in the year compared to $958 million in 2010. After adjustments to leach pad inventories at Carlota and Franke totalling $87 million, earnings from mining operations was $146 million. Earnings increased 235% to $267 million compared to $80 million in 2010. Adjusted EBITDA decreased 13% to $330 million from $378 million in 2010. Total production for the year was 218 million pounds of copper and 103 ounces of total precious metals (TPMs). Cash costs were $2.18 per pound of copper. The Company formed a 55%/45% joint venture (“JV”) with Sumitomo Metal Mining Co., Ltd. and Sumitomo Corporation (collectively "Sumitomo") to develop the Sierra Gorda project in Chile with the Company retaining the 55%. -
Competition Season Set to Launch
Issue #29 Spring 2016 Competition season set to launch Three events to keep attention focused on mine rescue his year promises to be a long competition season for at least one Ontario Mine Rescue team, and Tanyone interested in mine rescue. With training already underway for the district competitions – May 11 to 13 across the province (for details see Page 2) – for the team that represents Ontario Mine Rescue in the 10th International Mines Rescue Competition, August 19 to 26 in Sudbury, the season will end with that event. While the winner of the Ontario Mine Rescue Provincial Competition, June 9 and 10, is guaranteed entry into IMRC 2016 – Canada, hosted by Workplace Safety North’s Ontario Mine Rescue, five Ontario teams have applied and are currently on the waiting list for admission to the event. Sixteen mine rescue teams from nine countries have applied and been accepted as of May 3 for the 30-team competition. Four positions are reserved for the winners of four major Canadian regional mine rescue competitions, such as the Ontario Mine Rescue Provincial Competition. Two other Canadian teams, from Manitoba and Saskatchewan, are also on the waiting list. Canadian admission is currently limited to allow as many international teams as possible to participate. Visit www.IMRC2016.ca for an up-to-date list of accepted teams and the waiting list. IMRC 2016 Planning Co-ordinator and Secretary General of the International Mines Rescue Body, Alex Gyska says more international teams are expected to register. See “MORE” Page 2 Welcome to Taylor Substation ntario’s newest mine rescue “It’s compact but the layout works well.” volunteer and captain of the company’s substation at the province’s Plans called for a substation to 2015 competition team. -
One Error Cost 50 Demerits
Issue #35 Spring 2018 One error cost 50 demerits But first team to win Sudbury District ‘did well’ Despite being penalized 50 demerits for its first error, Edmond Poirier thought his team from Levack Mine did pretty good in their mine rescue competition debut – the first Sudbury District Mine Rescue Competition in 1964. “It was a 50-point deduction for going through a charging station without extinguishing our light, our oxygen lamp. Other than that, I think we did well,” said Poirier, now living in Elliot Lake. “Even with that 50-point deduction, the Levack team was able to win the very first competition that Inco (now Vale) held within its own mines. And we also won the second one,” he said, recalling that four or LET’S DO IT AGAIN – The first-ever Sudbury District Mine Rescue Competition champions in five other Inco mines, including Creighton, 1964, the Levack Mine team led by captain Ed Poirier, third from left, pose for a photo. Most of Frood-Stobie and Garson, would have the team returned for a repeat district victory the following year. competed in 1964. in full gear and run them outside for 20 provincial competitions. “I was the captain alright, but the fellows minutes or so,” before training sessions. His only regret in 20-plus years of (Fred Mooney, Ed Luoma, Ken Miron, Mel “I remember going to the provincials volunteer service with Ontario Mine Guse, Bob Nadeau, and R. Glassford) were twice and we didn’t do too well, but we Rescue, said Poirier, is that “I retired too very studious. -
First Name Last Name TITLE Company City State Zip Country
First Name Last Name TITLE Company City State Zip Country Angela Aalbers ECO Manager Colowyo Meeker CO 81641 Pamela Aaron Brand Manager GIW Industries, Inc (A KSB Company) Grovetown GA 30813 William Aaron Staff GIW Industries, Inc (A KSB Company) Grovetown GA 30813 Aleesha Aasved Butte MT 59701-1639 Abdraman Abakar Vaudreuil-Dorion QC J7V0G3 Canada David Abbott Consulting Geologist Consulting Geologist Denver CO 80238-3293 Jamie Aberle Envrionmental Scientist Freeport-McMoRan Inc Clifton AZ 85533-0087 Adele Abrams President Law Office of Adele L Abrams PC Beltsville MD 20705-1164 Chandler Absher Student University of Kentucky Lexington KY 40508 Jim Abshire Tech Services Manager Bowie Resource Partners LLC Paonia CO 81428 Robert Acedo Sales and Contracts Manager GroundProbe NA LLC Tucson AZ 85705 Louis Ackah Southern Illinois Univ Carbondale IL 62901-2324 Emily Adams Mine Geologist PotashCorp Greenville NC 27834-9141 Jesse Adams Salt Lake City UT 84111 Rhae Adams Director, Mining & Energy Markets Planetary Resources Redmond WA 98052 Scott Adams Mechanical Engineer Ingenium Design Sandy UT 84094 Ben Adaszynski Senior Technical Sales Engineer Gekko Systems Vancouver BC V6E 2S1 Canada Adewale Adeniji Student Morgantown WV 26505-4685 Chris Adkins Product Manager Strata Products Worldwide, LLC Atlanta GA 30350 Robert Adornati Sales MAC Products, Inc Kearny NJ 07032 Vivek Agarwal South Dakota Schl of Mines and Tech Rapid City SD 57701-7293 Zacharias Agioutantis Professor University of Kentucky Lexington KY 40506-0001 Mikel Agirregabiria Engineer