Vale Announces that Tito Martins will be the new President and CEO for Vale Inco Limited

Vale recently announced the appointment of Tito Martins as President and Chief Executive Officer of its wholly-owned subsidiary Vale Inco Ltd., replacing Murilo Ferreira. He will be starting in January 2009. Tito Martins will retain the position of Executive Director of non-ferrous minerals of Vale. In his roles, he will be in charge of the …

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CVRD Opens its Doors to Local Communities in Brazil

Luana Andreza Ferreira took part in the CVRD Community Visits Program in Minas GeraisThe following article was first published in Engagement, Vale’s magazine for socially responsible and sustainable mining.

Guided tours help bring together CVRD and local town residents

Ever since she can remember, Luana has looked out over the same intriguing landscape from her window. Every day the 19-year-old from Minas Gerais asked herself how it would feel to be there, inside the mine she sees day after day on the far horizon. Then, last November, she was finally able to satisfy her curiosity by taking part in the CVRD Community Visits Program.

The program started in 2003 with the aim of bringing CVRD and local communities near its facilities closer together, and covers the states of Minas Gerais, Espírito Santo, Pará and Maranhão. Bernadete Almeida, Communities Communication coordinator at CVRD, explained, “Surveys showed that we were perceived as being ‘distant’ by some groups. There was also concern as to the environmental impact of our activities. We realized that people were interested in learning more about what we do and that many would like to see a mine with their own eyes. That’s why we created the Visits Program, to open the Company’s doors to receive anybody living in the cities and regions where CVRD is present.”

The story of Luana Andreza Ferreira is a case in point. She lives in Gabiroba de Cima, a neighborhood of Itabira (Minas Gerais) and has grown up surrounded by CVRD. Of her nine uncles, eight work in companies that provide services to CVRD, as does her brother. Nevertheless, she never really knew much about the company. “I thought they only mined the ore. Now I know that they also replant the landscapes, re-cultivating the natural ground cover and forest in the places where the Company operates,” she explained.
The visits to the mines are always a good opportunity to make the public aware of how important a role iron ore plays in modern life.

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Good News From Canadian Gold Miners – by Marilyn Scales

Marilyn Scales is a field editor for the Canadian Mining Journal, Canada’s first mining publication. She is one of Canada’s most senior mining commentators.

Look to the gold sector for good news from Canadian miners. While base metal, coal and potash producers continue to trim output, companies such as Vancouver’s Goldcorp have recorded record quarterly production. Gold output at all of the company’s operations was 692,000 oz during the last quarter, bringing the 2008 total to 2.3 million oz.

Nor is that the only good news from Goldcorp. Although the calculation of operating costs for 2008 has not yet been completed, the company expects total cash costs will be $300/oz of gold on a byproduct basis.

The company is also predicting it will produce another 2.3 million oz of gold in 2009 at a total cash cost of $365/oz on a byproduct basis. Increases will be achieved at most mines, but production at the Alumbrera mine in Argentina and El Sauzal mine in Mexico will be significantly lower than previous years. The 2009 forecast for Goldcorp’s Canadian operations include 620,000 oz from Red Lake mines, 290,000 oz from the Porcupine division, and 235,000 oz from Musselwhite mine.

Nor is Goldcorp the only bright spot.

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