NEWS-CONTINUED
(U.S. & Canada Regional News - from p. 10)
toward the end of the mine life. This would
be expected to drive higher production and
lower costs at the beginning of the mine
life, enhancing both cash flow and the
overall economics of the project.
The Rainy River project is located
approximately 65 km northwest of Fort
Frances, Ontario. The property has excellent
infrastructure, with year-round road access
and powerlines in close proximity, as well as
a railway 21 km south of the property. The
Fort Frances area has a population of about
(Europe Regional News - from p. 22)
totals 310,000 mt/y, including 60,000
mt/y mainly targeted for sales in the United
Kingdom. The pricing structure is to be
agreed upon at the time of entering into
formal sales contract based on market conditions at the time.
These framework agreements are in
addition to a marketing agreement signed
between Sirius and Keytrade AG in
February for Keytrade to market up to 1.75
million mt/y of granulated polyhalite from
the York project.
Sirius also reports that discussions concerning polyhalite supply agreements
10,000 people from which a workforce
could be sourced for future development.
New Gold Executive Chairman Randall
Oliphant said, "We have followed Rainy
River for some time and see this as an
opportune time to add this great asset to
our portfolio. We view the combination of
Rainy River's ideal location, sizeable
reserve, robust production potential and
experienced team as presenting a truly
compelling opportunity."
New Gold currently has four producing
mines and two significant development
projects. The producing mines are the New
Afton mine in British Columbia, Canada;
the Cerro San Pedro mine in San Luis
Potosí state, Mexico; the Mesquite mine in
California, United States; and the Peak
mines in New South Wales, Australia.
E&MJ; profiled the recently developed New
Afton mine in its September 2012 issue,
p. 54. New Gold also owns 100% of the
Blackwater project in British Columbia,
Canada, and 30% of the El Morro project
in northern Chile.
New Gold is forecasting company-wide
production of between 440,000 and
480,000 oz of gold in 2013.
remain ongoing with a range of customers,
including major distributors and fertilizer
blenders around the world.
Chris Fraser, managing director and
CEO of Sirius, said, "This further customer
endorsement of the market for polyhalite is
just the beginning but demonstrates a
clear need and market for this sustainable
multinutrient form of potash. Customers
both here in the United Kingdom and
around the world are seeing significant
agronomic value in our products and are
encouraging us to reach production as fast
as possible."
The York potash project currently has an
inferred resource of 820 million mt at a
mean polyhalite grade of 87.3%. The
deposit is contained within the Permian
Zechstein evaporites, which have been
mined extensively for potash and halite in
both the United Kingdom and northwestern
Europe.
Twin vertical shafts will be sunk to a
depth of 1,500 m to access the deposit.
Slurried concentrate produced at the mine
site will be transported via a 44.5 km, 600to 700-mm-dia pipeline to a processing
and port facility at Teesside. A parallel
pipeline will return the transport water to
the mine site.
Capital cost to develop the York potash
project is estimated at $1.7 billion.
NEWS-CALENDAR OF EVENTS
JULY 30–AUGUST 1, 2013: 32nd International Conference on Ground
Control in Mining, Morgantown, West Virginia, USA. Contact:
West Virginia University, Department of Mining Engineering; Tel:
304-293-3901; Fax: 304-293-5708; Web: http://icgcm.conferenceacademy.com/custom/icgcm/Home.aspx.
AUGUST 11–15, 2013: 23rd World Mining Congress, Montreal, Canada.
Contact: Canadian Institute of Mining, Metallurgy and Petroleum; Tel:
514-939-2710, ext. 1309; Email: wmc-secretariat@wmc-expo2013.org;
Web: www.cim.org.
AUGUST 20–23, 2013: AIMEX 2013 Asia-Pacific's International
Mining Exhibition, Sydney, Australia. Contact: Reed Exhibitions
Australia; Tel: 61 2 9211 7544; Email: aimex@reedexhibitions.com.au;
Web: www.aimex.com.au.
SEPTEMBER 4–6, 2013: China International Mining Expo 2013, Beijing,
China. Contact: Beijing Hiven Exhibition Co. Ltd.; Tel: 86-10-6863 8450;
Email: information_bj@163.com; Web: www.bjminexpo.com.
SEPTEMBER 11–12, 2013: EuroMining 2013, Tampere, Finland.
Contact: Tampere Trade Fairs/Mikael Wänskä; Tel: 358 207 701 230;
Email: mikael.wanska@tampereenmessut.fi; Web: www.euromining.fi.
SEPTEMBER 16–20, 2013: Extemin, Lima, Peru. Contact: El Instituto
de Ingenieros de Minas del Perú; Tel: (51 -1) 349 4262, ext 352; Email:
perumine@iimp.org; Web: www.iimp.org.pe.
SEPTEMBER 16–20, 2013: XV International Congress for Mine
Surveying, Aachen, Germany. Contact: RWTH Aachen, Institute for
Mine Surveying; Tel: 49 241 80 95687; Fax: 49 241 80 92150; Web:
www.ism-germany-2013.de.
28 E&MJ; • JULY 2013
SEPTEMBER 23–26, 2013: Exposibram, Belo Horizonte, Brazil.
Contact: Kallman Worldwide Inc.; Tel: 201-251-2600 ext. 127 or
56 2 843 3300 ext.3303; Web: www.kallman.com.
SEPTEMBER 25–27, 2013: IX Colombia Minera-Feria Internacional
Minera 2013, Medellín, Colombia. Contact: Carmen Henríquez Brugés;
Asociación Nacional de Empresarios de Colombia–ANDI; Tel: 57 4
3265100 ext. 1154; Email: chenriquez@andi.com.co.
SEPTEMBER 29–OCTOBER 2, 2013: Solution Mining Research
Institute Fall Technical Conference, Avignon, France. Contact:
John Voigt;Tel: 570-585-8092; Email: smri@solutionmining.org;
Web: www.solutionmining.org.
OCTOBER 1–3, 2013: Minex Russia 2013, Moscow, Russia. Contact:
Irina Yukhtina; Tel: 44 (0)207 520 9341; Fax: 44 (0)207 520 9342;
Email: ira.y@minexforum.com; Web: www.minexrussia.com.
OCTOBER 31–NOVEMBER 2, 2013: Mining 2013 Myanmar, Yangon,
Myanmar. Contact: Shaun White, Allworld Exhibitions; Tel: 44 2078402130;
Email: swhite@oesallworld.com; Web: www.miningmyanmar.com.
NOVEMBER 27–29, 2013: IX International Heavy Minerals Conference 2013, Vishakapatanam, Andhra Pradesh, India. Contact:
Mining Engineer's Association of India; Tel: 08942-283755; Email:
heavymineralsconference@gmail.com; Web: www.meai.org.
AUGUST 2–8, 2014: 10th Mine Ventilation Congress, Sun City, South
Africa. Contact: IMVC 2014 Congress Secretariat; Tel: 27 (0)21 683
2934; Fax: 27 (0)21 683 0816; Email: info@imvc2014.org; Web:
www.imvc2014.org.
www.e-mj.com