Natural Resources Notebook

Ashley
Ashley Fitzpatrick
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Alderon orders mine parts

Alderon Iron Ore has ordered up some key and pricey equipment needed for building its Kami iron ore mine.

The Kami project has yet to

be released from environment-

al assessment, but Alderon has gone ahead and ordered autogenous and ball milling systems from Quebec-based Metso Minerals Canada.

“The placement of this order is part of Alderon’s strategy to source the long-lead mining and processing equipment in sufficient time to begin production by the end of 2015,” reads a statement issued by the company this past week.

The equipment is due for delivery in the final quarter of 2014.

Lower Churchill employment benefits

The latest public report on the progress of the multi-billion dollar Muskrat Falls construction project is available.

A total 1,231 people were working the project — at offices in

St. John’s and at the Muskrat Falls construction site — in June. This is an addition of 215 workers since April, reflecting ramp-up of excavation work.

The project employed 899 people considered residents of the province in June. Of those, 292 were from Labrador.

In comparison, 754 people from the province were employed on the project two months ago, with 199 from Labrador.

The number of workers from outside the province has also grown, from 262 to 332. Of that, eight people active on the project in June were residents of another country.

Maritime prepping for EA

Maritime Resources has hired AMEC for early work on a would-be gold project in Green Bay, meant to move it toward environmental assessment.

In the first phase of the contract, AMEC will be asked to create a detailed listing of all permits and engineering required to bring a proposed mine to the point of construction.

AMEC may then be asked to provide information needed for the registration of a project for environmental assessment.

Thundermin on the move

At the close of Sept. 12, Thundermin Resources’ securities will be removed from trading on the TSX.

“The delisting was imposed for failure of Thundermin to meet the continued listing requirements of the TSX,” read a statement from the company.

“In particular, Thundermin’s market capitalization fell below $3 million for 30 consecutive trading days and has not sufficiently recovered to regain compliance at the present time.”

The company is looking to have its securities listed on the TSX Venture Exchange.

Thundermin is working a joint venture with Cornerstone Resources at the Little Deer and Whalesback copper prospects, near Springdale.

Cornerstone has offered to sell its 50 per cent interest in Little Deer to Thundermin and that offer expires Sept. 15.

Meeting of the mines

Registration is now open for Mining Industry NL’s annual fall Resource Investors Forum, set for Sept. 16-17 in St. John’s.

The event will include guest speakers, such as analyst Adrian Day of Adrian Day Asset Management and senior mining analyst with Salman Partners, Raymond Goldie.

As well, Newfoundland and Labrador mining companies will offer their own presentations, highlighting the best from their prospects.

Changes to the deputies

The provincial government has announced new staff appointments — internal shuffling — affecting the Department of Advanced Education and Skills, and the Labour Relations Agency.

The deputy minister for Advanced Education and Skills will be Lori Anne Companion, exiting as deputy minister of Child, Youth and Family Services.

Genevieve Dooling is stepping in as deputy minister for Child, Youth and Family Services, leaving as CEO of the Labour Relations Agency.

The new Labour Relations Agency CEO will be Donna Ballard, moving from courts and legal services.

The Natural Resources Notebook is compiled by reporter Ashley Fitzpatrick. Do you have news from the resource sectors? Let us know at news@thetelegram.com.

Organizations: AMEC, Metso Minerals Canada, TSX Thundermin Resources Youth and Family Services Cornerstone Resources Resource Investors Forum Salman Partners Department of Advanced Education and Skills Labour Relations Agency CEO

Geographic location: Alderon Iron Ore, Green Bay, Newfoundland and Labrador

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