Baffinland and troubles for gold



Welcome again to your weekly mining information recap, the place we catch you up on a few of the information you’ll have missed.

This week’s headlines embody an unveiling of a brand new uncommon earths processing plant in Saskatchewan, locations on the mine rescue podium, and a upkeep timeout at Teck Useful resource’s Elkview steelmaking coal operation.

Ivanhoe Mines’ Kamoa-Kakula Advanced within the Democratic Republic of Congo is anticipated to be the new copper hotspot.

The primary two phases of the venture’s development have already been accomplished, with the Kakula deposit being the main focus through the preliminary phases.

Ivanhoe foresees that, following the venture’s completion, the mine would be the third largest producer of copper globally, yielding 600,000 tonnes every year.


The Nunavut Influence Overview Board (NIRB) issued a report that really useful an extension of Baffinland Iron Mines Company’s six million tonne allow for the rest of the yr.

Baffinland is awaiting the federal authorities’s resolution to comply with the advice, which might permit the corporate to renew operations at present ranges.

The corporate has introduced that it’s delaying termination notices for its staff till October 20, the date that the Minister of Northern Affairs’ workplace indicated it might reply to the advice by.

Trevali’s CEO Ricus Grimbeek, as properly the corporate’s COO, Derek du Preez, have resigned following two of the corporate’s executives being convicted of involuntary manslaughter, as reported by CBC Information.

Their resignations are efficient as of Oct. 14. In April, eight of the mine’s staff died following a flood that occurred in its Perkoa mine, situated in Burkina Faso.

Trevali can be in the hunt for a purchaser for its Caribou Mine, situated in northeastern New Brunswick, as the corporate has filed for creditor safety.

Very important Metals and the Saskatchewan Analysis Council (SRC) unveiled the primary section of their uncommon earth processing facility situated in Saskatoon.

The ability contains three models: one processing unit the place combined uncommon earth carbonate is produced, a separation unit the place uncommon earths are separated, and a metals unit that may produce uncommon earth metals.

The brand new plant will course of uncommon earth deposits that come from Cheetah Sources’ Nechalacho venture in Thor Lake, NWT.

Teck Sources reported a structural failure of a plant-feed conveyor belt on the Elkview steelmaking coal operation, situated in B.C.’s Elk Valley.

It’s estimated that operations at Elkview will probably be placed on pause for one to 2 months whereas repairs are made.

The corporate shared that “assuming a two-month suspension of plant operations, Teck expects the affect on 2022 steelmaking coal manufacturing will probably be within the vary of 1.5 million tonnes.”

Join the most recent information from CIM Journal and the Canadian Institute of Mining, Metallurgy and Petroleum.

In the course of the keynote handle at Sudbury’s Upkeep, Engineering/Mine Operators Convention, Dumont Nickel’s president, Johnna Muinonen, defined that as a way to fulfill world nickel calls for, a minimum of one other 40 nickel mines should produce 38,000 tonnes per yr by 2030.

To ensure that Canada to extend its nickel manufacturing, Muinonen stated that there would have to be extra processing capability, extra technical experience and improved integration alongside the provision chain.

Unionized longshore and warehouse staff at Westshore Terminals went on strike final Saturday, as reported by the Vancouver Solar.

The strike has resulted in suspended operations at Vancouver’s Delta coal terminal, which is taken into account to be Canada’s busiest and largest port for coal exportation.

Westshore handles over 33 million tonnes of coal annually from the Roberts Banks docks in Delta, in addition to different commodities, together with potash.

A number of Canadian mine rescue groups took residence medals from the 2020 Worldwide Mines Rescue Competitors, as reported by Northern Ontario Enterprise.

The competitors, which was delayed since 2020, was hosted final week in Beaver, West Virginia.

A staff from Newmont’s Musselwhite Mine took residence third within the high-angle rope rescue, and Quebec’s Stornoway Diamonds Renard Mine, Saskatchewan’s Mosaic Potash Esterhazy Mine and the all-women staff out of Saskatchewan, Diamonds within the Tough, additionally reached podium placements in numerous occasions.

LG Power Answer (LGES) introduced partnership agreements with three separate Canadian crucial minerals suppliers to bolster its battery supplies provide chain.

Snow Lake Sources will provide 7,000 tonnes of cobalt for 3 years beginning in 2023, whereas Avalon Superior Supplies and Snow Lake Sources will provide 11,000 tonnes and 20,000 tonnes of lithium hydroxide every year for 5 years and 10 years, respectively, starting in 2025.

Gold mining executives anticipate rising prices to persist into 2023, as reported by Bloomberg.

The unstable state of the worldwide financial system was a key matter of dialogue amongst attendees of the 34th annual Denver Gold Discussion board. In accordance with Barrick CEO Mark Bristow, “the final time we confronted such uncertainty was the Second World Conflict.”

That’s all for this week. For those who’ve acquired suggestions, you possibly can at all times attain us at [email protected]. For those who’ve acquired one thing so as to add, why not be a part of the dialog on our Fb, Twitter, LinkedIn or Instagram pages?

The end result of a partnership between Very important Metals and the Saskatchewan Analysis Council goals to show the province right into a uncommon earth hub

Upkeep, Engineering/Mine Operators Convention in Sudbury takes on technical, monetary and human useful resource challenges confronting the trade


Scroll to Top