Engineering & Mining Journal

JUL 2018

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NEWS - CONTINUED JULY 2018 • E&MJ 25 AUGUST 6-8, 2018: Diggers and Dealers Mining Forum, Kalgoorlie, Western Australia. Contact: Web: SEPTEMBER 10-14, 2018: Electra Mining Africa, Expo Centre Nasrec, Johannesburg, South Africa. Contact: Web: SEPTEMBER 20-22, 2018: China Mining 2018, Tianjin Meijiang Con- vention Center, Tianjin, Peoples Republic of China. Contact: Web: DECEMBER 3-7, 2018: American Exploration & Mining Association annual meeting, Spokane, Washington, USA. Contact: Web: JANUARY 27-30, 2019: 45 th Annual Conference on Explosives and Blast- ing Techniques, Nashville, Tennessee, USA. Contact: Web: FEBRUARY 24-27, 2019: SME Annual Conference & Expo, Denver, Colorado, USA. Contact: Web: MARCH 3-6, 2019: Prospectors & Developers Association of Cana- da's annual conference, Metro Convention Center, Toronto, Canada. Contact: Web: MARCH 10-13, 2019: Haulage & Loading, Hilton El Conquistador Resort, Tucson, Arizona, USA. Contact: Web: APRIL 2-4, 2019: MiningWorld Russia, Crocus Expo, Moscow, Russia. Contact: Web: APRIL 8-14, 2019: Bauma, Messe Muenchen, Munich, Germany. Contact: Web: MAY 7-9, 2019: Arminera, Centro Costa Salguero, Buenos Aires, Argentina. Contact: Web: MAY 10-13, 2019: Longwall USA, Pittsburgh, Pennsylvania, USA. Contact: Web: NEWS - CALENDAR OF EVENTS Senate Passes Land Exchange for PolyMet The U.S. Senate recently passed bipar- tisan legislation for a land exchange be- tween the U.S. Forest Service and Poly Met Mining Inc., a wholly-owned subsid- iary of PolyMet Mining Corp. Passage of the legislation marks another major mile- stone in PolyMet's development of Minne- sota's first copper-nickel-precious metals mine, located near Hoyt Lakes. The land exchange measure was in- cluded as an amendment to the National Defense Authorization Act, which passed on an 85-10 vote in the Senate. Last November, the House of Representatives passed the land exchange bill on an over- whelming, bipartisan 309-99 vote. The Senate amendment was sponsored by Sen. Tina Smith and co-sponsored by fellow Minnesota Sen. Amy Klobuchar. It is nearly identical to the bill authored by Rep. Rick Nolan (D-Minn.), The Superi- or National Forest Land Exchange Act of 2017, which he introduced in the House last summer and shepherded to passage. His bipartisan bill was co-sponsored by fel- low Minnesota Democrat Reps. Collin Pe- terson and Tim Walz, and Republicans Tom Emmer and Jason Lewis, among others. In January 2017, the Superior National Forest issued a Record of Decision autho- rizing the administrative land exchange, de- termining it was in the best public interest. "We are very grateful to House and Senate members and leadership who have worked tirelessly to bring this land exchange to closure," said Jon Cherry, president and CEO. "We also acknowl- edge with gratitude the strong hand of support shown to this legislation by busi- ness and labor groups, community lead- ers, and local supporters." The transfer of approximately 6,650 acres of federal lands to PolyMet consoli- dates surface land and mineral ownership in and around the NorthMet ore body, near an area historically used for mining and associated infrastructure. Likewise, PolyMet's transfer of title of four tracts of private land to the Forest Service totaling 6,690 acres further consolidates its land holdings in northeast Minnesota. With title transfer, PolyMet will have total surface ownership rights of approx- imately 19,000 contiguous acres (30 square miles) of land including the land at the mine and processing sites, the transportation corridor connecting those sites, and buffer. (Regional News-U.S. & Canada - from p. 10) technical contract signed in November 2017 when both companies committed to a collaborative partnership in mineral exploration. The joint venture is subject to regulatory approvals. Rio Tinto Chief Executive J-S Jacques and China Minmetals President Guo Wen- qing witnessed the signing of the joint venture contract by Rio Tinto Minerals Development Ltd. and Minmetals Explo- ration & Development Co. Ltd. "This is an important milestone in our growing partnership with China and Min- metals, who is an increasingly important player in the global mining industry," said Jacques. "Our complementary strengths in exploration put us in the best possible position to find metals and minerals." "The collaboration is very significant to Minmetals," said Wenqing. "Rio Tin- to has rich prospecting experience and great discoveries worldwide, while Min- metals has solid technical expertise and extensive experience — the two strong partners will drive breakthroughs, pi- oneer progress, and promote the ex- changes and collaboration of the global resource industry." The immediate priority for the joint venture will be mineral targets in China that are identified under the Technical Collaboration Agreement. The future col- laboration of the parties will expand to exploration of global resources. The registered capital of the joint ven- ture will be RMB200 million ($31.3 mil- lion) with initial contributions of RMB35 million ($5.5 million) by each party with- in approximately 6 months of establish- ment of the joint venture. Any further capital contributions will be subject to unanimous approval of the parties and linked to agreed target areas. (Regional News-Asia - from p. 20)

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