More competition for staff as mining industry recovers
By far the biggest source of new job advertisements in Australia is mining, resources and energy, according to an annual report published by SEEK, Australia’s number one jobs site.
There was a 72% rise in job advertisements in the sector in August 2017 compared to August 2016.
Such a rise in the number of mining jobs is a trend not just confined to Australia.
ManpowerGroup’s Employment Outlook Report found that in the US, staffing levels in the US mining sector are expected to grow by 13% during Q4 2017.
All of this is good news for the industry. The rise in staffing is a positive sign of recovery for the industry after a difficult few years.
“We had a large downturn between 2014-2016 and the industry is coming back,” said Matthew Wilcox, Nordgold’s Project Director of the Gross mine project.
“It certainly went through a big lull and it didn’t necessarily make things more difficult for the mines or developing projects but it meant a lot more manpower resources were available to companies that were investing at the time.
“As things recover, there’s more competition for staff and contractors.”
Solid economic performance in a number of regions is proving to be positive news for the mining and metals sector.
According to figures from EY, global growth will reach 2.8% this year and is forecast at 3% in 2018.
Both the US and Eurozone are growing steadily at around 2.1% in 2017 and this is expected to continue in the EU in 2018.
US economic growth may be stronger in 2018 at around 2.4% on the back of stimulus plans.
As the industry returns to strength, there will be increased demand for staff.
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.