Finland Transforms Chrome Deposits Into World’s Largest Single Site Stainless Steel Production Facility at Tornio: A History – by Jorma Kovalainen

http://www.outokumpu.com/en/Pages/default.aspx

Tornio Works History

This review was written by Mr. Jorma Kovalainen, General Manager – Special Projects. It describes the history of Outokumpu Tornio Works and our growth to the largest single site stainless steel producer in the world.

The Chrome deposit in Keminmaa was discovered in 1959 by accident, when there was a water canal under construction. Outokumpu got the ownership of the Keminmaa claim in 1960 and started to investigate the ore deposit and to develop a refining process for the metal.

The same year, Outokumpu engaged the first engineer (Siltari) to develop the idea of starting a stainless steel production sometime in the future, while Outokumpu already had some nickel production.

After extensive research and development work, Outokumpu decided in 1964 to invest in ferrochrome, and the production started in Tornio in 1968. A lot of research and development of enriching and metallurgy was needed because the chrome ore was in oxide form that was not refined anywhere else in the world. Similar development was earlier done with copper and nickel productions: in all three cases, Outokumpu has taken in use its own, patented production technology.

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Attawapiskat blockaders served injunction: Report (Toronto Sun Video Report – February 17, 2013)

http://www.torontosun.com/home

A sheriff presented a group of people blocking the road to a diamond mine in Attawapiskat with a court injunction Sunday, the Aboriginal Peoples Television Network reported.

The station said the sheriff appears to have flown to the airport at the De Beers Victor mine and then drove 90 km to the blockade site. The ice road from the mine does not cross through reserve land, though the area is Attawapiskat’s claimed traditional territory.

Accompanied by two OPP officers, the sheriff read the injunction to a handful of blockaders before posting it, APTN said on its site.

Last Friday, De Beers diamond mine officials asked a Timmins judge for the injunction to end the illegal blockades that have prevented supplies from entering the company’s mine off and on for nearly two weeks.

Residents say the blockades are about the mine’s environmental impact on their community and about proper compensation.

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Investigation continues into attack on Eldorado Gold mine in Greece – by The Canadian Press (Globe and Mail – February 18, 2013)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

A Greek prosecutor ordered the release Monday of a 54-year-old man hours after he was arrested in connection with an attack on a Canadian-owned gold mining operation in which about 40 masked intruders torched machinery and vehicles.

Police had arrested the man for “moral instigation” of the attack due to his contributions to an anti-mining blog. The prosecutor later ordered him released without officially charging him, while also ordering the investigation to continue.

Opposition to the Skouries mining project in northern Greece’s Halkidiki peninsula runs deep and the area has seen numerous protests in recent months, some of which have turned violent.

The mining company, Hellas Gold, which is 95 per cent owned by Vancouver-based Eldorado Gold Inc., is planning a gold mine and processing plant in the area.

Residents are divided between those who fear environmental destruction and those who support the mine for its job prospects at a time of severe financial crisis and spiralling unemployment.

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A rush and a reckoning: Why writedowns are plaguing mining companies – by Pav Jordan, Tim Kiladze, Sean Silcoff (Globe and Mail – February 16, 2013)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

Speaking at a mining conference in Florida nearly two years ago, David Garofalo said the words nobody wanted to hear, and most simply chose not to say.

In the midst of a wave of mergers and takeovers, the chief executive officer of HudBay Minerals Inc. fired a warning shot for the whole industry. Taking the microphone in front of his peers, he reminded them that growth for growth’s sake was “very value destructive.” And he took aim at the popular notion that commodity prices were in a “supercycle,” less vulnerable to slowing economic growth.

“We are not in a supercycle. This is a cycle and when the central banks find religion on inflation again, the cycle will be over,” the 23-year industry veteran told peers, including top brass at the world’s largest mining firms.

Mr. Garofalo may as well have been the prophet of doom, his words heralding the start of a downturn in the global mining sector that has seen a litany of multibillion-dollar losses at top companies.

In the ensuing fallout, chief executives have been fired and project financing has dried up. Acquisitions that were hailed as game-changers are now derided as dumb mistakes. A once-robust pipeline of new projects is all of a sudden looking emaciated, one mining company after another puts its ambitious growth plans on hold.

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U.S. protest paints Keystone as emissions villain – by Paul Koring, Barrie McKenna and Carrie Tait (Globe and Mail – February 18, 2013)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

WASHINGTON, OTTAWA AND CALGARY — Thousands rallied on the Mall in Washington, D.C., demanding President Barack Obama say “no” to the controversial Keystone XL pipeline and keep his promises to take action against climate change caused by man-made greenhouse-gas emissions.

Organizers officially said 35,000 or more braved a cold, windy February afternoon for the protest, but turnout seemed significantly smaller. Even some of the protesters who had journeyed cross-country for the widely promoted Forward on Climate rally, voiced disappointment at the numbers.

No matter the size of the rally, Sunday’s protest clearly established that potent political forces are in play on both sides of the Keystone decision. For environmentalists especially, Keystone has become a symbol; it’s not just another “old” energy project, it’s a test of the President’s promises to take serious steps on climate change.

“I wouldn’t read too much into the numbers,” at the rally, said David Biette, director of the Canada Institute at the Woodrow Wilson International Center, a leading think tank. But he sees little room for compromise. “The environmentalists have drawn a line in the sand,” on Keystone, the pipeline that will funnel carbon-laden Alberta oil sands across the United States to Gulf oil refineries.

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Oil and gas vitality is key to Canada’s economic success – by Gwyn Morgan (Globe and Mail – February 18, 2013)

The Globe and Mail is Canada’s national newspaper with the second largest broadsheet circulation in the country. It has enormous influence on Canada’s political and business elite.

Bank of Canada Governor Mark Carney is very capable and impressive, but Britain has no lack of financial experts meeting that description. What differentiates him – and what drove the British government’s determination to recruit him as the next head of the Bank of England – is that he presided over the central bank of the economy that weathered the financial crisis better than other developed countries.

The most often cited reasons for Canada’s performance include sound home mortgage practices and prudent federal fiscal management. While those factors were crucial in the early days of the financial crisis, they don’t explain the country’s continuing strong performance even as our closest neighbour and dominant trading partner suffers through protracted economic doldrums.

So what is it that has made Canada and, by association Mr. Carney, such a star performer? The pivotal factor is that Canada is one of the world’s largest resource exporters.

Natural Resources Canada estimates that in 2010, the energy, mining and forestry sectors generated new capital investment of $95-billion and total exports of $200-billion. The degree to which natural resources underpin Canada’s economic prosperity is illustrated by balance of trade data showing an $84-billion net balance resource trade surplus, while manufacturing incurred a trade deficit of more than $60-billion.

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Coal lobby stresses jobs, economics as terminal controversy heats up – by Gordon Hamilton (Vancouver Sun – February 16, 2013)

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

The Coal Association of Canada has released a special report on the industry’s economic impact in British Columbia as the battle heats up over coal exports from Port Metro Vancouver.

Arguing that coal is a catalyst for economic development, trade and employment, coal association president Ann Marie Hann said economics has been missed in the discussion over coal exports.

Opponents of Vancouver’s growing role as a coal exporting centre cite coal’s high greenhouse gas emissions and the health risks from increased coal dust along transportation routes as reasons for shelving expansion plans.

Port Metro Vancouver has already approved one expansion at Neptune Bulk Terminals in North Vancouver, and is considering a new coal terminal at Fraser Surrey Docks in Surrey. Metro Vancouver is now North America’s largest coal exporting port.

“Clearly this is a response to the ‘coal export controversy’ now raging in Metro Vancouver,” Kevin Washbrook, of the citizens group Voters Taking Action On Climate Change, said of the industry report. He said the industry is attempting to build an argument in response to concerns about the environmental threat posed by coal.

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NEWS RELEASE: New report shows importance of coal to B.C.

http://www.coal.ca/

February 15, 2013

A new report from PwC shines a light on the important the important role coal plays in B.C.’s economy and how it contributes to a better B.C.

Report: Economic impact analysis of the coal mining industry in B.C.: http://www.coal.ca/wp-content/uploads/2013/02/FINAL_Coal-Association-of-Canada_BC-EIA-Feb-15-2013-1.pdf

In 2011, the coal industry generated an estimated $3.2 billion in provincial GDP and approximately $715.2 million in tax revenue for all levels of government including $399 million in tax revenue generated by economic activity and $316.2 million in mineral tax payments to British Columbia. The revenue collected by government helps to pay for government infrastructure including schools, roads and hospitals as well as provincial services and supports.

The majority of the coal mined in British Columbia is metallurgical coal – which is used to make steel and essential competent of modern life. The majority of coal produced in B.C. is exported to Japan and South Korea. It’s in high demand from consumers because of its low sulfur, low ash, and high carbon content which burn more cleanly than other coals.

Coal also creates jobs. Over 26,000 people are directly employed by the coal industry and they earn higher than average wages. For example, the estimated annual wage for those directly employed by coal companies was $95,174, twice the average provincial wage of $43,500!

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PQ mulls broad consultation on uranium mining – by Kevin Dougherty (Montreal Gazette – February 14, 2013)

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

Quebec – Yves-François Blanchet, Quebec’s environment minister, indicated Thursday that the Parti Québécois government wants to order a consultation on uranium mining in the province.

Blanchet said the consultation is still in the “reflection stage,” but hinted it could take the form of a “generic BAPE” consultation.

The BAPE is Quebec’s environmental-impact body, the Bureau d’audiences publiques sur l’environnement. It usually conducts consultations on the environmental impact of specific projects. A generic BAPE would look at the issue of uranium mining without reference to a specific project.

“We would be irresponsible not to,” Blanchet added.  The issue came up in National Assembly committee hearings on the spending estimates of the environment department. Jacques Marcotte, Liberal MNA for Portneuf riding near Quebec City, accused Blanchet’s department of blocking the Matoush uranium project in the James Bay region.

Located 275 kilometres north of Chibougamau and 210 kilometres northeast of Mistissini, the mine project is in territory covered by the James Bay Northern Quebec Agreement and has not received the approval of the Cree First Nation.

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Resource nationalism threatens Africa’s mining boom – by Oladiran Bello (New Age – February 1, 2013)

http://www.saiia.org.za/

On the eve of the 2013 Mining Indaba, resource nationalism remains a serious investment risk which threatens both foreign investors and resource-producing states alike. With growing attention devoted to the subject, it appears that assertive resource-exporting countries in Africa risk alienating international capital. In newly resource-rich states and older producers alike, some proposals ostensibly aimed at maximising society’s benefits from resource extraction have spooked investors. Much discussion at the Indaba this week will touch on the disparate experiences often termed resource nationalism, but it is worth reflecting on what the term really means.

At one level, it seems to be a misnomer used to describe just about any assertive stance taken by governments on extractive sector governance. At another level, it has been used to denote grassroots level activism, extending in some respect to the labour unrest which the rhetoric around the nationalisation of mines in South Africa may have exacerbated.

Actions regarded as resource nationalism have thus varied widely, from tax hikes, through demand for greater state equity and indigenous participation, to renegotiation of stability clauses in mining contracts. Also, so-called beneficiation strategies – pursued by South Africa, Brazil, Indonesia, Vietnam and others – involve demands for value-added processing before exporting.

The term has generally described initiatives by host governments to secure greater financial, regulatory, and sometimes operational control over extractive activities. Recently, Zambia and Mali have pushed for 25 to 35 percent state participation in mining projects.

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Asteroid mining: The next frontier – by Joseph Hall (Toronto Star – February 16, 2013)

The Toronto Star has the largest circulation in Canada. The paper has an enormous impact on federal and Ontario politics as well as shaping public opinion.

Establishing footholds on “near-Earth” asteroids and drilling them for all they are worth may prove to be the next chapter in human space exploration. On Friday, asteroid 2012 DA14 came within a celestial blink of smashing into the Earth.

But for a growing group of prospectors with an intense and entrepreneurial interest in such orbiting space rocks, this relatively tiny traveller — about 45 metres in diameter — wasn’t worth a passing glance.

The scientists, financiers — and movie moguls — now involved in serious and deep-pocketed schemes to mine asteroids are searching for far bigger fish. “You start digging into a 50-metre rock and before you know it, you’re out the other side,” says York University astronomer Paul Delaney.

“To mine (asteroids) profitably, I think you’ve got to be talking hundreds of metres in diameter to have enough raw materials once you’ve established yourself on the surface,” Delaney says.

As science fictional as it might sound, establishing footholds on “near-Earth” asteroids and drilling them for all the metals, silicates or water they are worth may prove to be the next chapter in human space exploration.

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ONTC future won’t change with Gravelle – by Bruce Cowan (North Bay Nugget – February 16, 2013)

http://www.nugget.ca/

NORTH BAY – Any measured sense of optimism with the appointment, or re-appointment, of Michael Gravelle as Premier Kathleen Wynne’s new Minister of Northern Development and Mines was pretty much dashed this week.

Gravelle told Nugget reporter Gord Young the Ontario Northland Transportation Commission divestment process will continue and there will be no dramatic shift in direction.

While he did leave the door open to “significant community input into that process,” it’s a little late for that. What’s really left to be said? The process is fairly advanced.

Requests for proposals for Ontera are expected to be submitted and considered this spring. The Northlander is no longer running. Proponents of the New Deal will likely try to get an audience with the minister as soon as possible to push their idea of a port authority. Gravelle is known for being a good listener and he’s called for “dialogue” but, in the political scheme of things that is the Liberal stronghold in the GTA, the ONTC is not on the radar. Wynne has far more pressing southern Ontario issues to deal with if she hopes to retain power.

It’s true the governing Liberals can change their minds at any time. They did so in grandiose fashion when they changed gas plant locations in southern Ontario to secure a seat in the last provincial election. But what’s the advantage to do that here?

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Canada maneuvers to regain Keystone pipeline advantage in face of fierce criticism – by Claudia Cattaneo (National Post – February 16, 2013)

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

 WASHINGTON — It will be a lively President’s Day long weekend for the folks here at the Canadian embassy.

As many as 20,000 environmental activists are expected to march on the White House on Sunday to demand the death of Keystone XL, and embassy staff plan to be on the sidelines to hear what’s said up the street on Pennsylvania Avenue and do their own count of the protesters.

It’s part of their focus on the facts on the consuming issue that has risen to the top of their priorities. In the first major anti-Keystone XL march in August 2011, headlined by celebrities like Daryl Hannah, environmentalists claimed a throng of 10,000 showed up, embassy staff counted 4,000. In another rally last November, protesters claimed 5,000 followers, the embassy counted 3,000.

The exaggeration is typical of the theatre surrounding the Canadian heavy oil pipeline project, targeted by the U.S. environmental movement to make a point about the need to get off fossil fuels — particularly those from the oil sands — and accelerate the adoption of green energy to reduce climate change.

But for many Canadians here who have been defending the pipeline from Alberta to Texas, the oil sands industry and Canada’s environmental record, the really important development is still to come, and they hope that’s where the facts will prevail.

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8 reasons America should welcome Canada’s oil — and Keystone XL – by Diane Francis (National Post – February 16, 2013)

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

Canada’s oil sands are besieged with two myths: That a “clean” coal technology exists and that the oil sands imperil the planet as the world’s dirtiest fuel.

Meanwhile, they are not swarming around America’s biggest carbon dioxide emissions culprit – Southern Company’s Scherer Plant. In 2007, the plant was the single largest source of carbon dioxide in the U.S. and 20th biggest worldwide, spewing out 27 million tons annually.

And while the environmental industry attacked Keystone during the 2012 election campaign with large protests and media noise, there were no dramatic sit-ins or mass arrests in Georgia or other dirty coal plants. In fact, that year the Scherer Plant in Georgia hired KBR Haliburton to build yet-another gigantic smoke stack, increasing emissions.

Comparing a single plant with the oil sands sector may sound unfair, but consider the numbers. The Scherer Plant’s emissions alone are equivalent to 75% of the carbon dioxide produced by Canada’s oil sands and yet the Georgia utility gets a pass while the oil sands are dubbed the pariah of polluters.

Digging deeper, the Georgia emissions are far worse using the “wheel to wheel” measure that environmentalists like to apply to the oil sands.

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OPENING ADDRESS AT THE MINING INDABA 2013 bY Ms. SUSAN SHABANGU, MP, MINISTER OF MINERAL RESOURCES OF SOUTH AFRICA: CAPE TOWN INTERNATIONAL CONVENTION CENTRE.

4th FEBRUARY 2013

Programme Director, Mr Jonathan Moore, Honourable Ministers here present, Members of the Diplomatic Corps, Leaders of the mining industry, The investment community, International friends visiting our shores,Delegates and distinguished Guests:

I am pleased to be here, once again, to welcome you to this august gathering. It has come to epitomise an annual pilgrimage of the mining industry on the southern tip of the continent of Africa. It is crucial to the wellbeing and progress not only of our own country, but of the global mining community that we serve in various ways.

I am convinced that all of you, including our distinguished visitors, will continue to be treated to our particular version of African hospitality. This is characterised and driven in the main by the spirit of ubuntu currently on display throughout the country as we host the premier soccer tournament of our continent.

Last year following our gathering here, the country was engulfed by dark clouds, which seemed to be billowing all around us. There was serious unrest in some mines, and the blot of Marikana on the landscape which is uncharacteristic of a democratic dispensation. President Zuma established the Independent Commission of Inquiry on Marikana, headed by retired Judge Ian Farlam. The proceedings of the inquiry are well advanced and expected to conclude in the near future.

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