Canada resource ministers gather amid recession for Energy and Mines Ministers' Conference
As a source for more than 60 minerals and metals, Canada is one of the leading mining regions in the world. This month the leaders of this region—Canada’s federal, provincial and territorial energy and mines ministers—came together in Halifax, Nova Scotia, to discuss the state of the industry and plans for the future at the 72nd Annual Energy and Mine Ministers’ Conference (EMMC).
While Canada remains a leading mining force, it is not without its ups and downs. The current downturn of the Canadian minerals industry was a main topic of discussion during the conference, which released a brief aptly titled Weathering the Storm. The brief acknowledges the downturn head on and presents three topics for consideration, as mining executives and government officials work together to ride out economic difficulties and set the industry up for future success.
According to the brief, the three priority issues to address are:
- Improving the regulatory process and clarifying the duty to consult
- Addressing the costs of operating in remote and northern Canada
- Helping junior companies weather the economic downturn
These are critical issues, especially in an industry that is currently in flux—as the brief states, Canada’s mining industry is facing a barrage of issues including a declining trend in commodity prices, a 13.7 percent decrease in mining-related financing activity since 2007, and a volatile and unpredictable global economy. As David Ramsay—Northwest Territories Minister of Industry, Tourism and Investment—explained to publication Northern Miner, while Canada is still a top global exploration destination it’s going to take a lot of work to keep smaller prospects afloat and keep interest and investments coming in:
Officials also discussed topics like community relationships, especially heavier involvement of First Nations communities with development projects moving forward, and an imperative to create “a more responsible” oil and gas industry. As the years progress, all of these issues will become more and more vital to keeping Canada’s top resource provider status alive. For more insight, check out the full event brief here.
[SOURCE: Northern Miner]
Unmanned train to allow Vale to reopen iron ore plant
Brazilian miner Vale SA will be able to resume operations at its Timbopeba iron ore dry processing plant in up to two months thanks to the use of an unmanned train, the company said in a statement this week.
Vale - Timbopeba iro ore plant
With the train, Timbopeba will be able to operate at least at 80% of its capacity of 33,000 tonnes of iron ore “fines” per day, reports Reuters.
Vale was forced to shut down the plant in the Alegria mine complex recently after labor authorities in Minas Gerais state banned activities close to the Xingu dam due to concerns of a risk of collapse.
Vale said access by workers and vehicles continues to be suspended in the flood zone of the dam due to the ban even though it remains at emergency level 2, which means there no imminent risk of rupture.
But some workers are allowed entry under strict security precautions and they will get the unmanned train going once it has been tested, which would take between one and two months, the company said.
The unmanned train will travel automatically along 16 kilometers (10 miles) of track operated by a system that can control the speed and activate the brakes, Vale said.
Vale announces first ore at Voisey’s Bay mine extension
Vale has reached the milestone of first ore production at the Reid Brook deposit at the Voisey’s Bay mine expansion project in Northern Labrador, Canada - recognised as the safest mine in Canada.