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Barrick Appoints New CEO
Barrick Gold Corp. has appointed Executive Vice President and CFO Jamie Sokalsky president and CEO, replacing Aaron Regent, who had held the position since January 2009. Sokalsky will also replace Regent on Barrick’s board of directors. In addition, John L. Thornton, currently a Barrick director, has been appointed co-chairman of Barrick’s board of directors.
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Sandfire Completes First Shipment from DeGrussa
Sandfire Resources has completed the first shipment of Direct Shipping Ore (DSO) from its flagship DeGrussa copper-gold project, located 900 km north of Perth, Western Australia. The 6,600 dry metric tons (mt) of DSO, grading approximately 30% copper, departed from Geraldton on the Flinterland for China. The shipment has an estimated value at the current spot copper price of approximately A$13 million. The high-grade DSO mined from the open-pit will be sold under two sales contracts: MRI Trading AG and Yunnan Copper Corp. Ltd.
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Romarco Receives EIS Schedule
The U.S. Army Corps of Engineers provided Romarco Minerals with a schedule for completing the Environmental Impact Statement (EIS) for a Federal 404 Wetlands permit. A comment period will begin after the Draft EIS is filed December 14, 2012. A public hearing will then be held January 29, 2013, with the Draft EIS comment period ending February 28, 2013. The Final EIS will be made available to the public July 19, 2013. A Record of Decision on the permit will be made August 16, 2013.
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Coeur d’Alene Mines Recognized with Five Safety Awards
Coeur d’Alene Mines has been recognized by the International Society of Mine Safety Professionals (ISMSP) with five national and international safety awards for its operations in North and South America.
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Kinross Sells its Interest in Crixás
Kinross Gold Corp. will sell its 50% interest in the Crixás gold mine (Serra Grande), located in the State of Goiás, Brazil, to subsidiaries of AngloGold Ashanti Ltd. for $220 million. “Crixás is a non-operated, non-core asset for Kinross,” said Tye Burt, president and CEO, Kinross. “Its divestiture is consistent with our strategy of portfolio optimization, and focusing our resources on the company’s core operations and priority projects.”
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AEM Enters into Joint Venture on Hanhimaa Project
Dragon Mining signed a Letter of Intent with Agnico-Eagle Mines Ltd. (AEM), whereby AEM can earn up to a 70% interest in the Hanhimaa gold project with the staged expenditure of EUR 9 million over six years. The Hanhimaa project is located in northern Finland and covers a portion of the highly prospective Central Lapland Greenstone Belt. The 360.2 km² near contiguous holding encompasses the north-south trending Hanhimaa Shear Zone, 10 km west of AEM’s Kittila gold mine.
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BHP Restarts Operations at Temco
Following a 90-day suspension of operations at its Temco manganese alloy facility in Tasmania, Australia, to review the economic viability of continuing operations, BHP Billiton announced that full operations will be restarted immediately. The company’s intention is to have all four furnaces operating by the end of August 2012.
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Xstrata Coal Resumes Operations at Blakefield South
Xstrata Coal has resumed operations at Blakefield South mine and expects to return to full production by mid-July. Operations at Blakefield South mine ceased in January 2011 when an underground fire ignited behind the mine’s longwall. Mine personnel was unable to re-enter the mine until June 2011 to begin planning and rebuilding the longwall.
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Westport, Cat to Develop Natural Gas Technology
for Off-road Equipment
Westport Innovations, a leader in natural gas engines, has signed agreements with Caterpillar to co-develop natural gas technology for off-road equipment, including mining trucks and locomotives. Cat and Westport will combine technologies and expertise, including Westport’s High Pressure Direct Injection (HPDI) technology and Cat’s industry leading off-road engine and machine product technology, to develop the natural gas fuel system. Caterpillar will fund the development program. When the products go to market, Westport expects to participate in the supply of key components.
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Metso to Supply Codelco with Some
of the Largest Crushers Ever Made
Metso has signed a contract with Codelco, the world’s largest copper miner, based in Santiago, Chile, to supply large cone crushers for a process improvement project in the Chuquicamata division. The contract also includes an automatic control system. The complete value of the order exceeds EUR 9 million.
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