May 17, 2020

Miners gear up for Canadian mine rescue competition

Saskatchewan Mining Week 2016
Saskatchewan Mining Associati
Dale Benton
2 min
Over 100 miners will be taking part in the 48th annual Emergency Response/Mine Rescue Skills Competition 2016.
Prairieland Park in Saskatoon will be full of miners this week as they takepart in the 48th annual Emergency Response/Mine Rescue Skills Competition 201...

Prairieland Park in Saskatoon will be full of miners this week as they take part in the 48th annual Emergency Response/Mine Rescue Skills Competition 2016 on June 4.

The competition, run by the Saskatchewan Mining Association, will put the miners through their paces, testing their ability to respond to emergency situations within the industry and act quickly to effectively and safely to resolve the situation.

Miners will be tested in six events, Surface Field Event, Proficiency, First Aid, Fire Fighting, Practical Skills, culminating in a Mock Mine event.

The miners will take part in teams and be against the clock as they face a series of possibilities for each event. The surface field event for example, could test them on:

  • Gas detection
  • Hazardous materials involvement
  • Confined spaces
  • High angle rescue
  • First aid skills
  • Fire extinguishment
  • Victim entrapment
  • Breathing apparatus use

All teams will be judged by an event coordinator appointed by the Emergency Response Sub Committee. The coordinators will prepare the various problems and scenarios for the teams to face and will also select individual judges for each section of the competition to score each team.

Once all teams have been scored through a merit system, the winners will be announced based on their total merits over the whole competition.

Should there be a draw situation, the winners will be the team with the highest merits in the individual field problems in a tie breaker.

The competition will be the culmination of the Saskatchewan Mining Week 2016 programme, a week of talks designed to highlight the mining industry and the benefits to the economy.  

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Apr 22, 2021

Lynas revenue jumps 21% as rare earth prices jump

Lynas
RareEarth
WindTurbines
electricvehicles
2 min
Lynas Rare Earths sees revenue boost as selling prices for the key metals hit record highs amid strong demand for neodymium and praseodymium (NdPr)

Australian miner Lynas Rare Earths posted a 20.6% rise in revenue in the March quarter as selling prices for the key metals it mines hit record highs amid strong demand, particularly for neodymium and praseodymium (NdPr).

NdPr

NdPr is used in magnets for electric vehicles and windfarms, in consumer goods like smartphones, and in military equipment such as jet engines and missile guidance systems.

The company said it plans to maintain production at 75% however, as it seeks to continue to meet covid-19 safety protocols and grapples with shipping difficulties. Shares in Lynas fell 6.1% after the results.

“They have faced a few logistics issues, and it would be good to know when they are going to start lifting their utilisation rates a bit,” said portfolio manager Andy Forster of Argo Investments in Sydney.

“Pricing has been pretty strong although it may have peeled back a bit recently. I still think the medium, long-term outlook is pretty good for their suite of products.”

Lynas post ed revenue of A$110mn ($85.37mn) for the three months to the end of March, up from A$91.2mn a year earlier as prices soared.

Rare Earths

It said its full product range garnered average selling prices of A$35.5/kg during the March quarter, up from $23.7 in the first half of the financial year. “While the persistence of the covid crisis, especially in Europe, calls for careful forecasts for our business ahead, we see the rare earth market recovering very quickly,” said Lynas, the world’s largest rare earths producer outside China.

Freight demand has spiked during the pandemic, while the blockage of the Suez Canal in March delayed a shipment to April.

Lynas’ output of 4,463 tonnes of rare earth oxide (REO) during the quarter was marginally lower than 4,465 tonnes from a year earlier.

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