Engineering & Mining Journal

MAY 2019

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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NEWS-LEADING DEVELOPMENTS MAY 2019 • E&MJ 5 bring changes," said Mark Cutifani, CEO, Anglo American. "That is why we are sup- porting the World Bank with this facility, to provide funds that can transform our industry for the future. "Mining cannot continue its long path of simply scaling up to supply what the world needs. We need to do things in dra- matically different ways if we are to trans- form our footprint and be valued by all our stakeholders. Our first responsibility is to reduce our energy and water usage, and our emissions. At Anglo American, we have set ourselves on a journey to carbon neutrality operationally, with our 2020 and 2030 targets as staging posts. Our FutureSmart Mining technologies will be a key driver of this." Barrick, Newmont Goldcorp Nevada Joint Venture Clears Regulatory Conditions Barrick Gold Corp. and Newmont Gold- corp's joint venture in Nevada, which will create the world's largest gold producing complex, has cleared all the regulatory conditions required. The U.S. Federal Trade Commission granted an early ter- mination of the waiting period under the Hart-Scott-Rodino Act on April 19. The new business, named Nevada Gold Mines, will be owned 61.5% by Bar- rick and 38.5% by Newmont Goldcorp. It will be operated by Barrick, led by Bar- rick's current head of North American operations, Greg Walker. He was named executive managing director. The operations making up the joint venture produced in excess of 4 million ounces (oz) of gold in 2018, more than three times the next largest gold mine. Barrick President and Chief Execu- tive Officer Mark Bristow said practical measures required to integrate the joint venture assets and establish the new business are now being taken and are an- ticipated to be complete in this quarter. "The joint venture agreement rep- resents a historic accord between our companies that will unlock the enormous geological potential of the Nevada gold- fields and maximize its many value-creat- ing opportunities," Bristow said. Newmont Goldcorp CEO Gary Gold- berg said, "By combining our operations and assets in Nevada, we will be able to extend profitable production, lower costs and create new opportunities for our stakeholders in the region." Professor Bruno Oberle has agreed to chair an independent review of tailings storage fa- cilities (TSFs), according to the Internation- al Council of Mining and Metals (ICMM), the Principles for Responsible Investment and the United Nations Environment Pro- gram, who are co-conveners of the review. The review will establish an international standard for the safe management of TSFs that can be applied to all tailings dams. Oberle will oversee every aspect of the review and prepare a report, which is ex- pected to be published by the end of the year. Oberle is chair for Green Economy and Resource Governance and academic director of the International Risk Gover- nance Center at L'Ecole Polytechnique Fédérale de Lausanne (EPFL), Switzer- land, a panel member of the Internation- al Resource Panel and a member of the Leadership Council of the Sustainable Development Solutions Network. He was previously the Swiss secretary of state for the environment and director of the Swiss Federal Office for the Environment. Set up in response to the Brumadinho tragedy in Brazil, the review will be in- formed by evidence and lessons from this disaster as well as earlier mine tailings dam failures. "We have a responsibility to the people of Brumadinho to get this right," Oberle said. "My objective is clear: I will oversee a comprehensive review of the current sit- uation and draw up a new international standard for TSFs that draws on the best practice from around the globe." In addition to the appointment of a chair from outside the mining sector, there will be appointment of a multistakeholder advisory panel consisting of non-govern- mental organizations, international bodies and responsible investors. The chair will also be able to draw on the experience of an expert panel of tailings and dam spe- cialists drawn from academia and industry. Sirius Signs Major European Supply, Distribution Agreement Sirius Minerals Plc has entered into an exclusive 10-year supply and distribution agreement with European agribusiness group, BayWa Agri Supply & Trade B.V. (BAST), for the distribution of POLY4 into Europe. Annually, BAST distributes more than 30 million metric tons (mt) of ag- ricultural goods across Europe, including sales of approximately 2 million mt per year (mt/y) of fertilizers. "Our exclusive partnership with BAST will enable us to reach down- stream customers through its well-es- tablished and extensive logistics net- work and long-term, trusted relation- ships with farmers," said CEO and Man- aging Director Chris Fraser. "Our exclu- sive partnership is structured to enable us to achieve maximum value for our POLY4 product." The agreement provides for the exclu- sive distribution of guaranteed minimum tons of POLY4 across most of Europe for a 10-year term that commences from first production and includes two five-year extension options. The guaranteed mini- mum volumes increase to 2.5 million mt/y in year five. The agreement also provides for an option for Sirius to elect for BAST to purchase and distribute additional vol- umes above the guaranteed volumes. "POLY4 fits with our sustainability and farmer services strategies across our mar- kets," said BAST CEO Daan Vriens. "This will provide farmers, via our extensive networks, a fertilizer product that pro- motes sustainable agricultural practice in our home market, Europe." Sirius Minerals Plc is focused on the development of the Woodsmith mine, which will access the world's largest and highest grade polyhalite deposit located in North Yorkshire, United Kingdom. Oberle Will Chair Independent Mine Tailings Review Oberle is chair for Green Economy and Resource Gov- ernance and academic director at L'Ecole Polytechnique Fédérale de Lausanne, Switzerland.

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