Four greats to enter Canadian Mining Hall of Fame – by Northern Miner (October 29 – November 04, 2012)

The Northern Miner, first published in 1915, during the Cobalt Silver Rush, is considered Canada’s leading authority on the mining industry.

The Canadian Mining Hall of Fame will welcome four new inductees at its twenty-fifth annual induction dinner on Jan. 10, 2013, at the Fairmont Royal York Hotel in Toronto. The new inductees are Charles E. Fipke, Gerald W. Grandey, Pierre Lassonde and James C. O’Rourke. The Northern Miner is a sponsor of the Canadian Mining Hall of Fame. For tickets and more information, visit www.mininghalloffame.ca.

Geologists and prospectors had searched for diamond deposits in North America for more than a century with only teasing hints of success until discovering a cluster of kimberlites in the Northwest Territories that became Ekati, Canada’s first diamond mine. This groundbreaking discovery, synonymous with the name “Charles E. (Chuck) Fipke,” was the culmination of Fipke’s relentless pursuit of elusive diamond indicator minerals for hundreds of kilometres from the Mackenzie River Valley eastward to their source near Lac de Gras. Other key contributors in his quest were his associate, geologist Stewart Blusson, economic geologist Hugo Dummett and University of Cape Town professor John Gurney. The discovery’s epic success — achieved on a shoestring budget through innovative science — sparked a staking rush, inspired other discoveries and created a new industry for Canada.

Born in Edmonton, Alta., Fipke earned a B.Sc. degree in geology from the University of British Columbia (UBC) in 1970. His adventurous nature took him to Papua New Guinea, South Africa, Brazil and other exotic locales, where he worked for senior companies such as Kennecott and Cominco, and became intrigued with the use of heavy mineral geochemistry as an exploration tool.

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[B.C. coal] Miners Could Have Been Trained Here Easily – by Bill Tieleman (The Tyee.ca – October 29, 2012)

http://thetyee.ca/

Longwall coal mining is hardly the rare, elite skill politicians want us to believe. If you don’t think Chinese miners should be coming to British Columbia as temporary foreign workers in new coal mines, get ready to be really angry.

That’s because the federal Conservative government will ratify a foreign investment agreement this week, ensuring even more Chinese takeovers of Canada’s natural resources — and jobs.

And if you doubt that China-owned coal companies had no choice but to import their own workers to B.C. because no trained, experienced miners are available, prepare to get downright furious.

The reason is simple. Neither the coal companies nor the federal or B.C. governments wanted to train Canadian workers — even though it’s nowhere near as hard as they claim.

“We require temporary foreign workers because we are introducing a highly mechanized form of longwall mining to the province. There’s currently no active long-wall mining going on in Canada or B.C.,” says Jody Shimkus, vice-president of HD Mining International, one of the companies involved in developing up to four coal mines.

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Potash Corp appeals to Israel to allow deal for rival – by Steven Scheer (Reuters Canada – October 31, 2012)

http://ca.reuters.com/

JERUSALEM (Reuters) – Potash Corp, the world’s No. 1 fertilizer maker, is ramping up efforts to buy Israel Chemicals Ltd, appealing directly to Israel’s prime minister to back a deal that would rank as the largest foreign takeover of an Israeli company.

Conglomerate Israel Corp, which owns a majority in ICL, said that Potash Chief Executive Bill Doyle has met Israeli Prime Minister Benjamin Netanyahu to push for a deal, while financial daily Calcalist said Netanyahu has instructed his staff and the finance ministry to examine it.

Potash Corp confirmed on Wednesday it has met with Israeli government officials, and Israel Corp said it was aware of the meetings.

“The company confirms it is aware that Canada’s Potash is in talks with various government agencies that included a meeting with the prime minister regarding examining the possibility of merging ICL with Potash,” Israel Corp said in a statement.

Israel Corp officials declined to comment further. The finance ministry said it had not received any formal request. Potash Corp already has a 13.84 percent stake in ICL, the world’s sixth-largest fertilizer producer. It made its initial investment in 1998.

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Canada economy shrinks in August, clouds outlook – by Louise Egan (Reuters Canada – October 31, 2012)

http://ca.reuters.com/

OTTAWA (Reuters) – The Canadian economy shrank in August for the first time in six months, an unexpected contraction that pointed to a sharp slowdown in third-quarter growth and reinforced the Bank of Canada’s message that interest rate hikes are less imminent.

The 0.1 percent contraction from July reflected broad weakness across most industries as well as temporary shutdowns at some oil and mining sites, Statistics Canada said on Wednesday.

Analysts revised forecasts lower, noting economic pressures that went beyond oil and mining. The Canadian dollar fell.

The Canadian economy recovered from the global recession more quickly than most, and is expected to grow at slightly more than 2 percent this year, according to forecasts that Finance Minister Jim Flaherty said on Wednesday were still valid.

But the outlook is shaky due to the choppy U.S. recovery and the European debt crisis, prompting questions about whether August was a blip or the start of a more serious economic downturn.

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Canadian gov’t investigates foreign worker permits for Chinese miners in B.C. – by James Keller (Vancouver Sun – October 30, 2012)

http://www.vancouversun.com/index.html

The Canadian Press – VANCOUVER – Ottawa is investigating controversial foreign worker permits that will allow as many as 201 Chinese miners to work a proposed project in northern British Columbia, a government spokeswoman confirmed Tuesday.

HD Mining International Ltd. has obtained permits for miners from China to conduct exploration work at its proposed Murray River project near Tumbler Ridge, B.C., located about 200 kilometres west of Grande Prairie, Alta.

The company insists there aren’t any Canadian workers trained in the specialized skills it needs. Details of those permits became public earlier this month, prompting several unions to demand Canadians be hired instead. There have also been allegations that recruiters in China demanded fees for the jobs, which HD Mining has denied.

Human Resources and Skills Development Canada is now investigating whether the permit applications met all the necessary requirements, said Alyson Queen, a spokeswoman for Human Resources Minister Diane Finley.

“The government is committed to ensuring that Canadians always have first crack at the jobs available in Canada,” Queen said in an interview Tuesday.

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Centamin’s licence for flagship Sukari mine revoked by Egyptian court – by Peter Koven (National Post – October 31, 2012)

The National Post is Canada’s second largest national paper.

TORONTO – More than 18 months after the revolution, political risk remains a serious concern for companies doing business in Egypt.

Investors in Toronto-listed gold miner Centamin PLC learned this fact first-hand Tuesday, after an administrative court in Egypt ruled the company’s concession on its flagship Sukari mine should be revoked. There was no written judgment to go with the decision and Centamin was unable to get details.

The stock traded briefly in London, and was down 35% Tuesday morning before being suspended. It was halted in Toronto and never opened for trading.

The ruling was made as part of an ongoing case that originates with an Egyptian lawyer named Hamdy El Fakharany. He argues that the licence for Sukari should be revoked because of irregularities with the contract, which dates back to 1994, and because it does not generate enough revenue for Egyptians.

Centamin claims the Sukari concession agreement is valid and that this court has no jurisdiction to overturn it. The company is continuing operations at Sukari as if nothing happened, and analysts believe this issue can be settled at Egypt’s Supreme Court.

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NEWS RELEASE: Bold Ventures Receives Permission From Marten Falls First Nations to Explore on its Koper Lake Project in the Ring of Fire which Contains the Blackhorse Chromium Deposit Optioned From Fancamp Exploration Ltd.

Toronto, Ontario October 31 2012 – Bold Ventures Inc. (BOL:TSX.V) (“Bold” or the “Company”) is pleased to report that in keeping with its policy of positive First Nations relations, has signed a Memorandum of Understanding (“MOU”) with Marten Falls First Nation (“MFFN”). Marten Falls is a First Nation community located proximal to the Company’s Koper Lake project optioned from Fancamp Exploration Ltd. (“FNC”).

The Koper Lake project is located in the Ring of Fire area of the James Bay Lowlands, northeastern Ontario. The MOU outlines an understanding between the parties to compensate MFFN for any impacts created by the project work within MFFN traditional territory. The MOU also provides for local job creation, respectful stewardship of the land and environment as well as the promotion of business partnerships with MFFN and local service providers.

About The Koper Lake Project

The property contains a known occurrence of massive chromite called the Black Horse occurrence. One drill hole intersected massive chromite interpreted to have a true thickness of approximately 35 to 55 m; a second drill hole intersected intercalated chromitite and peridotite beds followed by massive chromite over interpreted true thicknesses of 20 to 25 m. (Please refer to Fancamp press release dated December 27, 2011).

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India emerges as unknown factor for Asia’s iron ore market – by Clyde Russell (Mineweb.com – October 31, 2012)

http://www.mineweb.com/

It’s likely that China will account for the bulk of growth in seaborne iron ore demand, with recession-plagued Europe expected to be steady at best and modest growth likely from the rest of the world.

LONDON (REUTERS) – India is emerging as the unknown factor for Asia’s iron ore market in 2013, which otherwise looks to be in a fair balance between supply and demand.

The key results from a Reuters poll of analysts on Monday showed median forecasts for iron ore prices next year at $120 a tonne and for Chinese import demand to gain 6 percent to 774 million tonnes from an estimated 730 million this year.

The scenario that the poll presents is for solid growth in iron demand from the world’s biggest user and steady prices as well, given Asian spot prices closed Monday at precisely $120 a tonne, near the highest level since late July.

It’s also likely that China will account for the bulk of growth in seaborne iron ore demand, with recession-plagued Europe expected to be steady at best and modest growth likely from the rest of the world.

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Gravelle calls for Westray application [in Vale deaths] – by Carol Mulligan (Sudbury Star – October 31, 2012)

The Sudbury Star is the City of Greater Sudbury’s daily newspaper.

The Westray provision of the Criminal Code of Canada isn’t a useful law unless it’s applied, says the federal New Democrats’ mining critic, Nickel Belt MP Claude Gravelle.

If companies know charges are not going to be laid under the bill, “what have they got to lose?” asked Gravelle.

The Westray bill was created as a result of the 1992 Westray coal-mining disaster in Nova Scotia in which 26 miners were killed after methane gas ignited, causing an explosion.

Despite serious safety concerns raised by employees, union officials and government inspectors, the company didn’t make the changes necessary to avoid the tragedy.

That eventually led to the passage of the bill, under which company executives can be criminally charged if employees are injured or killed because of their failure to take action. United Steelworkers Local 6500 called earlier this year for charges to be laid under the Westray provision against Vale Ltd. executives in the June 8, 2011 deaths of two men at Stobie Mine.

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