Engineering & Mining Journal

NOV 2012

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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FROM THE EDITOR Resilience is What Makes Miners Successful Steve Fiscor/Editor-in-Chief The cover of this month's magazine is somewhat decep- tive. Yes, it's a beautiful photo of Yukon Zinc's Wolverine mine and it looks like a great place for a miners picnic. Nine months out of the year, however, one probably wouldn't want to be standing in that location without a parka. Working in the Canadian North (Yukon, Nunavut and the Northwest Territories), which is way north for most North Americans, has to be one of the most diffi- cult places to earn a living. Canada's North holds an incredible amount of mineral wealth. Operating in harsh arctic conditions requires precision, not only for financial concerns, but more importantly personal wellbeing and safety. Add to that, variables such as a lack of skilled labor, complications related to short operating seasons and a lack of infrastructure, and one wonders why modern day miners pursue these de- posits. Success for the region in large part will depend on mining's acceptance among aboriginal groups and on the ability of explorers to map geophysical infor- mation. This month's special on Canada's Emerging North describes how a rather resilient group strives against adversity. This month E&MJ; also reports on some of the highlights from MINExpo INTERNATIONAL 2012. The exposition opened with a keynote session that fea- tured several prominent mining personalities: Red Conger, president of Freeport- McMoRan Americas; Greg Boyce, chairman and CEO of Peabody Energy; Richard O'Brien, CEO of Newmont Mining; and Michael Sutherlin, president and CEO of JoyGlobal. Rarely has this group of executives, who are responsible for the world's supply of copper, coal, gold and mining equipment respectively, appeared together publicly. While almost all of them are staring at varying levels of defeat at home and abroad, dealing with environmental activism, permitting issues, unfair taxation, etc., the general message was optimistic and that demand will remain strong with global economic growth. Taking that one step further, some pointed to the fact that supply would be challenged by lower quality ore bodies, difficult mining con- ditions, a shortage of mining engineers, and an uncertain global financial system. In the opening spread of the news section this month, readers will see that change is under way in South Africa. Gold mining companies, working through the Chamber of Mines, managed to negotiate a new agreement with striking min- ers that will hopefully quell the chaos and lead to a more productive relationship. Another major mining CEO steps down after a remarkable career and E&MJwish-; es her well—despite adversity, she had a positive impact on the mining business. Resilience is defined as the ability to recover from or the ability to adjust to misfortune or change. Over the course of their careers, professionals in the mining business meet with adversity and defeat many times and they learn to adapt. If they do not, their mining careers will be short-lived. Similar to all businesses, the mining industry continues to evolve and no one knows what the future holds. Those nimble enough to adapt and seek innovative solutions will succeed. And, E&MJis; committed to helping miners succeed worldwide. www.mining-media.com ENGINEERING AND Mining Media International Editorial Office 11555 Central Parkway, Suite 401 Jacksonville, Florida 32224 U.S.A. Phone: +1.904.721.2925 Fax: +1.904.721.2930 Editor-In-Chief—Steve Fiscor, sfiscor@mining-media.com Managing Editor—Russ Carter, russ.carter.emj@gmail.com European Editor—Simon Walker, simon.emj@btinternet.com Latin American Editor—Oscar Martinez, omartinez@mining-media.com South African Editor—Antonio Ruffini, aruffini@webafrica.org.za Australian Editor—John Miller, john.miller@gotalk.net.au Associate Editor—Gina M. Tverdak-Slattery, gtverdak@mining-media.com Graphic Designer—Tad Seabrook, tseabrook@mining-media.com Mining Media International Corporate Office 8751 East Hampden, Suite B1 Denver, Colorado 80231 U.S.A. Phone: +1.303.283.0640 Fax: +1.303.283.0641 President/Publisher—Peter Johnson, pjohnson@mining-media.com VP-Sales and Marketing—John Bold, jbold@mining-media.com Midwest/Eastern U.S. & Canada, Sales—Victor Matteucci, vmatteucci@mining-media.com Western U.S. & Canada, Sales—Mary Lu Buse, mlbuse@mining-media.com Scandinavia, UK and European Sales Manager—Colm Barry, colm.barry@telia.com German Sales Manager—Gerd Strasmann, info@strasmann-media.de Rest of World, Sales—Peter Johnson, pjohnson@mining-media.com Classified Advertising—Norm Rose, nrose@mining-media.com Classified Advertising—Tanna Holzer, tholzer@mining-media.com Ad Traffic Manager—Erica Freeman, efreeman@mining-media.com MINING JOURNAL Engineering & Mining Journal, Volume 213, Issue 11, (ISSN 0095-8948) is published month- ly except January and July by Mining Media, Inc., 10 Sedgwick Drive, Englewood, Colorado 80113 (mining-media.com). Periodicals Postage paid at Englewood, CO, and additional mailing offices. Canada Post Publications Mail Agreement No. 40845540. Canada return address: Station A, PO Box 54, Windsor ON N9A 6J5, Email: circulation@mining-media.com. Current and back issues and additional resources, including subscription request forms and an editorial calendar, are available on the World Wide Web at www.e-mj.com. SUBSCRIPTION RATES: Free and controlled circulation to qualified subscribers. Non-qualified persons may subscribe at the following rates: USA and Canada, 1 year, $82.00, 2 year, $139.00. Outside the USA and Canada, 1 year, $134.00, 2 year, $249.00 sur- face mail (1 year, $191.00, 2 year, $352.00 airmail delivery). For subscriber services or to order single copies, write to E&MJ;, 8751 East Hampden, Suite B1, Denver, CO 80231 USA; call +1.303.283.0640 (USA) or visit www.mining-media.com. ARCHIVES AND MICROFORM: This magazine is available for research and retrieval of select- ed archived articles from leading electronic databases and online search services, including Factiva, LexisNexis, and Proquest. For microform availability, contact ProQuest at 800-521- 0600 or +1.734.761.4700, or search the Serials in Microform listings at www.proquest.com. POSTMASTER: Send address changes to E&MJ;, P.O. Box 1337, Skokie, IL 60076 USA. Steve Fiscor, E&MJEditor-in-Chief;, sfiscor@mining-media.com REPRINTS: Mining Media Inc, 8751 East Hampden, Suite B1, Denver, CO 80231 USA phone: +1.303.283.0640, fax: +1.303.283.0641, www.mining-media.com PHOTOCOPIES: Authorization to photocopy articles for internal corporate, personal, or instructional use may be obtained from the Copyright Clearance Center (CCC) at +1.978.750.8400. Obtain further information at copyright.com. EXECUTIVE OFFICE: Mining Media, Inc., 8751 East Hampden, Suite B1, Denver, CO 80231 USA phone: +1.303.283.0640, fax: +1.303.283.0641, www.mining-media.com 2 E&MJ; • NOVEMBER 2012 COPYRIGHT 2012: Engineering & Mining Journal, incorporating World Mining Equipment, World Mining and Mining Equipment International. ALL RIGHTS RESERVED.

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