Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr
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FEBRUARY 2013 • VOL 214 • NUMBER 2 FEATURES Lake Shore Builds its Reserves In an area of northern Ontario with a century of gold production, Lake Shore Gold is working hard to turn new-found resources into bullion in the bank ......28 Managing Mining Risks Using a Captive Insurance Company Mine operators often have a clearer grasp of costs and risks than large insurance companies. Why not put that knowledge to work for more cost-efficient risk management?....................................................................36 Flame Fighters New advances in firefighting technology give surface mine operators the capability to avoid getting burned—both physically and financially—by disastrous equipment fires ............................................................................44 New Technologies Combat Corrosion With a vast selection of coatings and other protective products available in the market and new, higher-tech solutions on the way, mine operators can choose from many effective weapons to blunt the attack of a relentless chemical enemy ............................................................................50 Hot Dip Galvanized Steel Reduces Plant Maintenance Costs ......................53 Wheel Loaders Keep Warm by Moving Iron Ore at Kiruna One of the largest underground mines puts Volvo's new diesel engine to the test ......................................................................................................55 Solving the Mining Industry's Skilled Worker Shortage ..............................57 "Business as Usual" for Mali Miners ............................................................60 Special Report: Mining in Argentina Hiding in plain sight ......................................................................................61 Historically, the Bell Creek mine relied on a 300-m shaft to access the ore body. The new owner, Lake Shore Gold, has successfully driven a ramp from the surface to the 610 m level, giving the mine access to much deeper reserves. (Photo courtesy of Invest in Ontario) LEADING DEVELOPMENTS Amplats Proposes Mine Closures for Return to Profitability..............................4 First Quantum and Inmet Argue Takeover Bid ..................................................5 Top Management Changes at Anglo American and Rio Tinto ............................5 Goldcorp Forecasts 70% Production Increase by 2017 ....................................6 AROUND THE WORLD U.S. & Canada: Asian Consortium Takes 15% Stake in ArcelorMittal Mines Canada ..................................................................................................8 Latin America: Pueblo Viejo Achieves Commercial Production ......................14 Australia/Oceania: Karara Project Ships First Magnetite Concentrate ..........16 Africa: Harmony Closes Kusasalethu Mine, Seeks Solution to Labor Unrest ....18 Asia: Centerra Looking for 2013 Rebound in Kumtor Gold Production ............20 Exploration Roundup: Ivanplats Expands Kamoa Resources ........................22 Gold....28 www.e-mj.com Corrosion....50 DEPARTMENTS Calendar ......................................................26 Classified Advertisements ............................94 Equipment Gallery ........................................90 From the Editor ..............................................2 Markets ........................................................96 Operating Strategies ....................................76 People ..........................................................12 Processing Solutions ....................................86 Suppliers Report ..........................................82 This Month in Coal........................................24 Clean Diesel Engines....55 FEBRUARY 2013 • E&MJ; 1