Welcome aboard: International Lithium continues its redevelopment strategy
Hot off the heels of appointing a new member to its Board of Directors, International Lithium continues to build the team to advance its new business and royalty model through the the appointment of Patricia Fong as Chief Financial Officer and further additions to the Company’s management team.
Patricia Fong, CPA, CMA, brings over twenty years experience working with public companies in the resource sector. For eleven years, she held the role of Controller for the Lundin Group of Companies and since 2009, she has served as Chief Financial Officer and Corporate Secretary for several public resource companies. Ms. Fong is also fluent in Mandarin and Cantonese which will be an appreciable asset to the Company.
Ms. Fong replaces Maurice Brooks who had taken on the role of Chief Financial Officer on an interim basis earlier this year (Company news release, January 25, 2017). Mr. Brooks, recently appointed to the board of directors of ILC (Company news release, February 16, 2016), will remain a special advisor to the Company in the capacity of strategic risk management and internal audit.
International Lithium is also pleased to announce that Nancy La Couvée has joined the management team to assist in all aspects of corporate development, including corporate compliance, administration and shareholder communications. Ms. La Couvée has over twenty years of experience acting as Corporate Secretary of a number of public and private internationally focused companies.
The Company also welcomes Afzaal Pirzada, M.Sc., P.Geo., as a consultant to the Company. Mr. Pirzada is a Professional Geoscientist with over thirty years of experience in mineral exploration and mining with specific expertise in raw materials such as lithium, rare earth elements, graphite, PGE and uranium, that are required for today’s high tech energy industries. He was previously President, CEO and Director of Rock Tech Lithium and is registered as a Professional Geoscientist with the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Pirzada is a Qualified Person as defined by NI 43-101. He joins ILC as a Chief Technical Consultant and will act as the Company’s Qualified Person as required.
“I welcome each of our new team members and am confident that their high level of professional experience will help to move ILC forward with its new business strategy, creating value for our shareholders while maintaining the highest standards of corporate responsibility.” Kirill Klip, Chairman, President and CEO of International Lithium Corp.
John Harrop has resigned from his position as Vice President Exploration. The Company would like to thank Mr. Harrop for his many years of service and his technical guidance in helping to build the Company’s current portfolio of projects.
The January 2017 issue of Mining Global is live!
Get in touch with our editor Dale Benton at [email protected]
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.