Natural Resources Notebook

Ashley
Ashley Fitzpatrick
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Province pays $12,600 for premier's conference trip

Premier Kathy Dunderdale’s attendance at this year’s Offshore Technology Conference in Houston, Texas cost the province about $12,600.

According to information posted online in response to an access to information request, the premier left

St. John’s on May 4 and returned on May 10.

About $8,000 was paid for six nights of accommodations for her and an executive assistant — $4,000 each. In addition, about $2,000 was spent on airfare for each — about $4,000 total.

“There was no car rental,” stated the written response to the request for information.

 

Report in on Green Bay gold

A new resource estimate is out for Maritime Resources’ Green Bay property. The property is home to the former Hammerdown gold mine — successfully operated by Richmont Mines from 2000 to 2004 — and the Orion gold deposit.

It shows the area to hold 428,600 ounces of gold measured and indicated, and 61,100 ounces inferred.

The company has filed a technical report on the area reviewed by Tetra Tech of Sudbury and followed-up with the start of a work program, as recommended by the consultant’s report.

Maritime Resources controls about 51.7 square kilometres of area for exploration near Springdale.

 

Quebec port on time, on schedule

The leadership at Alderon Iron Ore is celebrating the advancement of construction on the new, multi-user port facility at the Port of Sept-Îles.

Once up and running, it will be a hub for iron ore product, allowing new mining projects to move ahead in the Labrador Trough.

“We are enormously pleased that the Port of Sept-Îles has made such great progress allowing our (Kami) project development timeline to remain in place with mine construction expected to commence by the fourth quarter of this year and production beginning by the end of 2015,” said president and CEO of Alderon, Tayfun Eldem, in a company statement.

“The on time completion of the new port facility will provide shipping services for up to eight million tonnes of iron ore annually based on our agreement and will secure our access to international markets at the agreed upon budget that Alderon signed up for.”

Construction work on the port facility is scheduled to finish in March 2014.

 

Shoal Point Energy moves west

Following a shake-up of leadership at its annual general meeting, Shoal Point Energy is moving its head office.

The company’s website was “down for maintenance” as of deadline Tuesday, but noted a new company mailing address, in Vancouver, B.C.

Shoal Point Energy’s headquarters had been located in Toronto, as noted in the company’s former mailing address.

In June, a trio of new faces were appointed to positions with Shoal Point Energy: Mark Jarvis as CEO, Brian Fiddler as chief financial officer and Leslie Young as corporate secretary.

The trio have been working together at Hard Creek Nickel Corp in British Columbia and Shoal Point Energy’s new mailing address matches that of Hard Creek Nickel.

 

Days of deepwater drilling

In case you missed it, Wood Mackenzie said the amount of deep ocean drilling is reaching new heights.

A study from the research and consulting firm — sampled at this year’s Noia oil industry conference in St. John’s — forecasts “bullish growth” in deepwater exploration work, with global drilling already back to pre-Macondo levels as of 2012.

"Deepwater ... has not been without increasing technical and commercial challenges," said Malcolm Forbes-Cable, senior management consultant at Wood Mackenzie and study author.

The Telegram was told the full study was not being made available to the media.

 

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: Richmont Mines, Tetra Tech, Hard Creek Nickel

Geographic location: Houston, Texas, Green Bay, Sudbury Alderon Iron Ore Port of Sept-Îles.Once Sept-Îles Toronto British Columbia

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