$1million awarded to six U.S mining organisations to improve and enhance mine safety training
The Mine Safety and Health Administration has awarded $1 million to six organisations across the U.S to develop training programs and materials that support mine rescue and mine emergency preparedness for underground mines.
From the U.S Department of Labor, the Brookwood-Sago grant program was created to promote mine safety and honour the 25 men who died in Brookwood, Alabama, in 2001 at the Jim Walters #5 mine, and in Buchannon, West Virginia, in 2006 at the Sago Mine.
Here are the organisations benefiting from the 2016 Brookwood-Sago program:
- The Colorado School of Mines – the school in Golden will receive $240,024 in funding to provide quality training to mine rescue teams. With a focus on enhancing the knowledge and skills for mine rescue teams and incident command staff, training will improve technical rescue, communications and decision making during mine emergencies
- Rend Lake College – the college in Illinois will receive $134,240 in funding to improve training for mine rescue officials and mine rescue teams with a specific focus on mine fire brigade training and increased preparedness for those involved in mine emergencies
- Colorado Department of Natural Resources – the organisation will receive $217,877 to provide advanced mine rescue skills straining for all underground mines and mine emergency prevention in Colorado
- University of Arizona - $187,054 will go on improving self-escape skills during underground mine emergencies, through the use of virtual reality gaming
- Virginia Department of Mines, Minerals and Energy - $50,000 will go into developing training materials and training on mine emergency preparation and prevention
- West Virginia University - $171,805 will go towards the development and implementation of enhanced and realistic mine rescue training exercises that combine the efforts and abilities of a mine rescue team and fire brigade responding to a simulated coal mine fire emergency and locating missing personnel
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Newmont acquires Canada’s GT Gold in $325mn deal
Newmont, the world’s biggest gold miner, has acquired Canada’s GT Gold in a deal worth $325mn. The gold giant now controls the Tatogga gold-copper project in the Traditional Territory of the Tahltan Nation.
“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” commented Newmont President and CEO Tom Palmer.
“We look forward to continuing to build a respectful and meaningful relationship with the Tahltan Nation, including the community of Iskut. The relationships we have with Indigenous communities, First Nations and host communities are critical to the way we operate. We will partner with the Tahltan Nation at all levels, and with the Government of British Columbia to ensure a shared path forward as the Company understands and acknowledges that Tahltan consent is necessary for advancing the Tatogga project.”
Newmont’s acquisition includes the Tatogga project, comprised primarily of the Saddle North deposit, which has the potential to contribute future significant gold and copper annual production. There are also further exploration opportunities beyond the known deposits at Saddle North within the land package. The Tatogga project adds to Newmont’s existing interest in the prospective Golden Triangle through the company’s 50% ownership in the Galore Creek project.
Newmont is the world’s leading gold company and a producer of copper, silver, zinc and lead. A world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. The American miner is celebrating its 100th anniversary this month.
With gold prices on the rise, the last six months has seen gold industry M&A activity accelerating. A recent Mckinsey report, advises that the industry need to be mindful of mistakes made during the previous gold price boom, when growth was chased unidirectionally by several companies.