Europe Ready to be in the Spotlight at Euro Mine Expo 2014
As the mining industry gathers for the fourth time on June 10 in Skellefteå, Sweden, the European perspective is in focus and ready to prove itself on a global stage.
Although Europe is rich in natural resources it is a significant net-importer of most metals and minerals needed to sustain the European economy.
The securing of long-term supply of raw materials is crucial and there is an awareness of the need to promote European mining in order to reduce the import dependency of minerals.
At EU and national levels new policies and strategies are now being developed aiming to strengthening Europe’s mineral sector.
The European Commission has stated that non-energy raw materials are vital inputs for the EU economy. At the same time access to such raw material for EU industry and citizens is becoming increasingly difficult.
At the Euro Mine Expo conference in Skellefteå, one day is reserved for the European mining industry. Amongst the speakers we find Marita Ulvskog, member of the European parliament. Ulvskog will speak on the topic Europe’s Raw Material Challenges.
An insight into the European Intelligence Network on the Supply of Raw Materials will be delivered by Juha Kaija, GTK, Geological Survey of Finland. Kaija is the project manager of European Commision´s FP7 project Minerals4EU.
Sven Renner, Head of the Global Extractive Resources at BGR (Federal Institute for Geosciences and Natural Resources), will also contribute by speaking on the topic National Mineral Strategies.
Euro Mine Expo also hosts a trade fair. Ann-Sofie Greander, sales manager for Euro Mine Expo, said: “The exhibition has been growing and will in 2014 cover more than 1600 square meters indoors. 2014 is no exception; the exhibitors registered are not only European, we will see companies from all over the globe.”
The trade fair with more than 200 exhibitors provides a unique opportunity to meet companies and forge new business contacts in exploration, mining, equipment suppliers, service and consultants.
Euro Mine Expo is held June 10-12 2014 in Skellefteå, Sweden. The International Trade Fair and Conference for the mining industry and its suppliers will be arranged for the fourth time at the very heart of Sweden’s mining industry.
More information can be found here: http://www.eurominexpo.com/
Vale invests $150mn to extend life of Manitoba operations
Vale has announced a $150mn CAD investment to extend current mining activities in Thompson, Manitoba by 10 years while aggressive exploration drilling of known orebodies holds the promise of mining well past 2040.
Global energy transition is boosting the market for nickel
The Thompson Mine Expansion is a two-phase project. The announcement represents Phase 1 and includes critical infrastructure such as new ventilation raises and fans, increased backfill capacity and additional power distribution. The changes are forecast to improve current production by 30%.
“This is the largest single investment we have made in our Thompson operations in the past two decades,” said Mark Travers, Executive Vice-President for Base Metals with Vale. “It is significant news for our employees, for the Thompson community and for the Province of Manitoba.
“The global movement to electric vehicles, renewable energies and carbon reduction has shone a welcome spotlight on nickel – positioning the metal we mine as a key contributor to a greener future and boosting world demand. We are proud that Thompson can be part of that future and part of the low carbon solution.”
Vale continues drilling program at Manitoba
Coupled with today’s announcement, Vale is continuing an extensive drilling program to further define known orebodies and search for new mineralization.
“This $150mn investment is just one part of our ambitious Thompson turnaround story. It is an indicator of our confidence in a long future for the Thompson operations,” added Dino Otranto, Chief Operating Officer for Vale’s North Atlantic Base Metals operations.
“Active collaboration between our design team, technical services, USW Local 6166, and our entire Thompson workforce has delivered a safe, efficient and fit-for-purpose plan that will enable us to extract the Thompson nickel resources for many years to come.”
The Thompson orebody was first discovered in 1956 by Vale (then known as Inco) following the adoption of new exploration technology and the largest exploration program to-date in the company’s history. Mining of the Thompson orebody began in 1961.
“We see the lighting of a path forward to a sustainable and prosperous future for Vale Base Metals in Manitoba,” said Gary Annett, General Manager of Vale’s Manitoba Operations.