Newcrest has partnered with telecommunications and technology company, Telstra, to become the first gold miner in

the southern hemisphere to deliver O3b’s high-speed broadband through its new 100 megabits per second (Mbps) satellite link to the Lihir gold mine in New Ireland Province, Papua New Guinea.


The new medium-earth-orbit (MEO) satellite link, which has increased bandwidth to Lihir by over 600 per cent, is the result of a partnership between Newcrest, Telstra and satellite service provider O3b Networks.

 

“Newcrest is proud to make use of this innovative new service to significantly improve the network experience at Lihir”, said Chief Information Officer, Gavin Wood. “As well as enabling better IT and digital solutions for our operation, the new link will help to make Lihir a better place to work and live for our workforce,” he said.

 

The Lihir operation was previously subscribed to 6Mbps and 10Mbps geostationary satellite links 36,000 kilometres above the earth’s surface, which didn’t provide the high speed and lower latency Newcrest was looking for at this large site. Previous attempts to address the problem through microwave links and submarine fibre optic cable proved unviable, given Lihir is about 200km from the provincial capital, Kavieng.

 

“This new satellite link utilises medium-earth-orbit technology, approximately 8,000 kilometres above the earth’s surface and delivers fibre-like bandwidth and speed to remote locations. The speed is similar to that experienced in major centres like Port Moresby,” said Mr Wood.

 

“Any mining company claiming it wants to be a leader in the application of digital technologies cannot be serious about that without first delivering quality network connections to their sites,” said Mr Wood.

Executive General Manager Cadia and Lihir, Craig Jetson, said that the Lihir workforce and community members were already benefitting from the improved technology.

“This new satellite service has provided us with the opportunity to access technologies that are reliant on high bandwidth platforms. This further streamlines our operations, making us more efficient and cost effective,” said Mr Jetson.

“Under the agreement, Newcrest’s Wide Area Network service will be extended by Telstra via a constellation of MEO satellites. This new satellite service is an exciting addition to Telstra’s world-class network and will see enhanced connectivity delivered to more remote locations around the world,” said Jim Clarke, Telstra’s Director of Global Connectivity and Networks.
“Providing reliable connectivity for remote work sites like mines or oil rigs is no longer a nice to have – it’s operationally essential,” said Steve Collar, CEO of O3b Networks.

More information on how this new satellite service is supporting Newcrest’s digital transformation activities and keeping their employees better connected can be found on the Telstra Exchange: http://tel.st/Newcrest.


For further information please contact
Newcrest, Australia
Anna Freeman
Senior Adviser – Media
+61 3 9522 5548
+61 417 033 752
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Telstra
Michael Zappone
Group Manager, Corporate Media Relations
+61 438 004 959
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Newcrest, Papua New Guinea
Peter Aitsi
PNG Country Manager
+675 321 7711
+675 321 7735
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O3b Networks
Jason Wauer
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Peabody Energy has been named coal mining company of the year for 2017 by United Kingdom-based Corporate LiveWire, recognizing the company's excellence in safety performance, environmental stewardship and leadership in advancing technology solutions.

The honors were given by a panel of judges as part of Corporate LiveWire's annual awards program. The inaugural Energy & Mining Awards recognize the "most influential firms and individuals that stand out in their field from all corners of the world." The judges were particularly impressed by "Peabody's emphasis on responsible coal mining and coal use, and its role as a pioneer in sustainability."


"We are pleased to be globally recognized for our sustainable approach to mining, which is core to our mission and values," said Peabody Energy President and Chief Executive Officer Glenn Kellow. "We take great pride in operating safely, restoring high-value lands and being a leading voice for advanced coal technologies."


Peabody's mission and values are foundational tenets to how it operates, and the company demonstrates leadership in sustainable mining, energy access and clean coal solutions – what Peabody calls "Coal Done Right." The core components are embedded in Peabody's culture and outlined in its Investment Principles for Best-in-Class Coal Companies, which can be found within the company's Corporate and Social Responsibility Report.


Safety is Peabody's first value and a leading measure of operational excellence. It requires constant care and vigilance through an extensive safety and health management system, a track record of steady improvement and a vision of zero safety incidents.


In 2016 the company set a new record for safety, with a global incidence rate of 1.22 per 200,000 hours worked, representing a 35 percent improvement over the past five years.


Sustainability is also a core value, and the company maintains immense respect and responsibility for the land and communities where it operates. 

About Peabody

Peabody is the world’s largest private-sector coal company and a Fortune 500 company. The company is also a leading voice in advocating for sustainable mining, energy access and clean coal technologies. Peabody serves metallurgical and thermal coal customers in more than 25 countries on five continents.


Media Contacts
Vic Svec
Senior Vice President - Global Investor and Corporate Relations

 

Beth Sutton
Vice President - Corporate Communications

Charlene Murdock
Director - Corporate Communications

 

+1-314-342-3400
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PJSC MMC Norilsk Nickel has signed an agreement to sell its equity interest in the company, which owns the Legion TI Business Center, to RCP Investments Ltd for the total consideration amount of approximately USD 100 million.                

As part of Nornickel’s non-core assets disposal program, the Company’s Board of Directors approved the transaction on March 30, 2017. The transaction is expected to close by April 10, 2017.Legion TI Business Center is an A-class office complex located on Bolshaya Tatarskaya Street in Moscow. RCP Investments II Ltd is a company owned by UFG Real Estate funds focused on investments in premium class real estate in Russia.


“Exit from non-core assets and focus on the development of Tier-1 assets are the key pillars of the company’s corporate strategy. We are pleased that we have been able to secure this important transaction amid challenging times for the real estate market in Moscow. The proceeds from the transaction will be used for the company’s current projects,” said Elena Kondratova, Vice President of Nornickel.


ABOUT COMPANIES
PJSC «MMC «NORILSK NICKEL» is a diversified mining and metallurgical company, the world's largest producer of refined nickel and palladium and a leading producer of platinum, cobalt, copper and rhodium. The company also produces gold, silver, iridium, selenium, ruthenium and tellurium. The production units of «NORILSK NICKEL» Group include Polar Division, located at the Norilsk Industrial District on Taimyr Peninsula, and Kola Mining and Metallurgical Company located on the Kola Peninsula in Russia as well as Harjavalta nickel refinery in Finland.

PJSC «MMC «NORILSK NICKEL» shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges. PJSC «MMC «NORILSK NICKEL» ADRs trade over the counter in the US and on the London and Berlin Stock Exchanges.


UFG Real Estate is one of the largest International institutional investors in Russia, focused on conservative yield and high quality commercial projects. An investment term of the funds is 8-10 years. UFG Real Estate is part of UFG Asset Management group, with invests institutional and private capital in Russia and other CIS countries, with aggregate capital commitments exceed $2.3 billion.


Media Relations:
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Investor Relations:
Phone: +7 (495) 786 83 20
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FMG has joined with four universities from China and Western Australia to announce a significant collaborative project aimed at increasing cooperation and innovation across the mining and resources sector through involvement of Chinese and Australian post graduate students

Representatives from Curtin University’s WA School of Mines, Central South University (CSU) in Changsha and Lingnan College, Sun Yat-San University in Guangzhou are attending the Boao Forum for Asia to discuss the initiative and will be joined by the University of Western Australia in this important collaboration.


A pilot program will be launched in 2017, comprising:
- Mining engineering, metallurgy and business students from each University to participate in a tour of FMG’s mine sites, infrastructure and remote Operations Control Centre during mid 2017
- Workshops and symposiums to be scheduled after the tour, with students contributing to discussions on new ideas, innovation and opportunities for improved productivity and efficiency, based on their shared learnings.

Based on a successful pilot, the program will then be developed to ensure the content evolves in line with industry developments and offers benefits to all participants FMG CEO, Nev Power said, “FMG is delighted to be working with this group of Universities who bring significant expertise across the fields of mining, minerals processing and business studies.We are very excited by the prospect of engaging the brightest minds from China and Australia in this new program”.


University of Western Australia Vice Chancellor, Professor Dawn Freshwater said, “The University of Western Australia is pleased to support this FMG initiative that will enrich the experience of our most talented students as they gain a deeper understanding of WA’s worldclass resources sector and also grow economic and cultural linkages between China and WA.”


Director of Curtin University WA School of Mines, Professor Sam Spearing said, “Curtin’s WA School of Mines is excited to be involved with FMG and the three other universities on this student cooperation and collaboration project, and we look forward to seeing how the outcomes will benefit the industry.”


FMG has a scholarship program in place with the School of Minerals Processing and Bioengineering at CSU covering both post graduate and undergraduate students and Fortescue’s CEO, Nev Power is represented on the International Advisory Board of Lingnan College.CSU has had a long standing technical cooperation with CSIRO in metallurgy and Sun Yat-Sen University has links with UWA through WA’s LNG trade with China.Fortescue has been a Diamond Sponsor of the prestigious Boao Forum for Asia since 2009, with the 2017 conference being held on Hainan Island from March 23-26, 2017.


Media contact:
Michael Vaughan
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M: +61 422 602 720

Rio Tinto has awarded more than $900 million in contracts to Queensland suppliers as the development of the world class Amrun bauxite project on Cape York Peninsula continues.                                                                   

The Queensland spend makes up almost two thirds of the $1.38 billion in contracts awarded to Australian suppliers for the project to date.509 Queensland businesses have been engaged directly and indirectly to supply goods and services to the site.


Queensland Premier Annastacia Palaszczuk said “Rio Tinto’s significant investment in local and regional suppliers will provide a tremendous boost to the economy of Queensland.“The Amrun project will ensure Queensland businesses and their employees will continue to reap the benefits of many development opportunities for years to come.

“It is a best practice example of encouraging local and Indigenous participation with substantial employment targets already agreed with many key suppliers.”Businesses bidding for contracts over $1 million must complete a Local and Indigenous Participation Plan as part of the procurement process. Once awarded, contractors must report on how they are performing against their commitment.


More than 1600 people have been engaged by contractors to work on the project so far. 77 per cent of those contracted are from Queensland and 70 per cent are new hires.Rio Tinto chief executive Jean-Sébastien Jacques said “We are proud of the contribution this tier one asset will make in supporting Queensland communities.


“Sustainability is crucial to this project and strict guidelines are in place for all suppliers.“They must demonstrate they are commercially competitive, technically competent and most importantly, align with the safety standards of our group.
“Rio Tinto is a substantial contributor to the Queensland economy paying $1.3 billion in state taxes and royalties over the past 5 years.”


About Amrun
The Amrun project involves a mine, processing plant and bauxite stockpiles, a power station, warehouses, as well as new barge, ferry and ship loading facilities.Amrun will replace the depleting East Weipa bauxite mine and will increase overall bauxite exports from Cape York by around 10 million tonnes a year.Production and shipping are expected to commence in the first half of 2019, ramping up to full production by the end of the year.
See www.riotinto.com/Amrun 
for further information.

Niocorp is developing North America’s only niobium-scandium-titanium project at Elk Creek in Nebraska.Niocorp (CVE:NB) is developing North America’s only niobium-scandium-titanium project at Elk Creek in Nebraska.

Once it goes into production Elk Creek will make Niocorp the only producer of niobium and scandium in the USA. Elk Creek will also be the highest grade niobium project in North America and the largest potential producer of scandium in the world.


By any standards, Elk Creek is a big project. On the most recent preliminary economic assessment, filed in September of 2015, the company and its consultants estimated the net present value of the project at US$3.07bn before tax and US$2.3bn after tax.


For a project this size, it’s perhaps not surprising that the total up-front capital costs are likely to be pretty substantial, currently estimated at US$979 million.


But the returns will also be substantial.

Over a 32-year mine life Elk Creek is expected to generate an average pre-tax cash-flow of US$438 mln per year. The post-tax internal rate of return rings in at 27.6%.


If all of this looks pretty good to investors, it looks good to the locals too. Nebraska is not a major mining destination either in global or local terms, and indeed once built Elk Creek looks set to become the state’s major mining project.


As such it will be a major employer and has received much support accordingly. But Niocorp is also mindful the community and environmental issues that surround mining, and has gone out of its way extensively to engage with the local population.


Chief executive Mark Smith reports that this approach is paying off, and evidence can be found in the plethora of updates on community dialogue that appear on the company’s website.


And while that dialogue is going on, development work is continuing apace. The plan for 2016 is to complete pilot plants, to complete feasibility-level plant design, then to complete a feasibility study and to secure the finance to begin construction.


Work on all of these aspects of the development of Elk Creek is already underway, and assuming that they can all be completed in 2016, as is the aim, then the plan is also to commence construction by the end of the year.


But will Niocorp manage to find the finance in a market that’s not exactly favouring mining companies at the moment, and especially not marginally more obscure commodities like niobium and scandium?


Mark Smith is confident that it can. Company literature highlights that Niocorp has “powerful external project support.” This includes an off-take agreement with German industrial titan ThyssenKrupp (ETR:TKA) for 50% of the project’s planned ferroniobium production for an initial 10 year term.


Elk Creek has also received in-principle eligibility approval for a loan guarantee from the German government, and has received broad bipartisan support from local politicians, including the governor of Nebraska, who visited the project in 2014.

What’s more, Smith says that the current capital cost estimates could well be pared back when engineering estimates are refined after more detailed work is done.

There ought to be plenty of news on all that out in the next few months.

Anglo American plc announces it has reached agreement with China Molybdenum Co. Ltd  to sell its Niobium and Phosphates businesses for a total cash consideration of $1.5 billion .

The total consideration will be payable to Anglo American at closing, subject to certain closing and post-closing adjustments.


The wholly owned Niobium and Phosphates businesses are located in the states of Goiás and São Paulo, in Brazil. The Phosphates business consists of a mine, beneficiation plant, two chemical complexes and two further mineral deposits. The Niobium business consists of one mine and three processing facilities, two non-operating mines, two further mineral deposits and sales and marketing operations in the United Kingdom and Singapore. Together, the businesses generated EBITDA of $146 million(1) in the year ended 31 December 2015.


Mark Cutifani, Chief Executive of Anglo American, said: “The sale of our Niobium and Phosphates businesses is another positive step forward in the strategic reshaping of Anglo American that we set out in February. The proceeds from this Transaction, together with the ongoing productivity and cost improvements we are driving through the business, will enable us to continue to reduce our net debt towards our targeted level of less than $10 billion at the end of 2016. This Transaction confirms our commitment to creating the new Anglo American, positioned to deliver robust profitability and cash flows through the price cycle.”


The Transaction is conditional upon customary People's Republic of China regulatory approvals, and the approval of CMOC shareholders. Anglo American received binding commitments from the two major CMOC shareholders holding 63 per cent. of CMOC shares to support the Transaction. The Transaction is expected to close in the second half of 2016.


Anglo American intends to use the proceeds to reduce its level of debt.

Note: (1) EBITDA of $146 million is based on the EBTIDA definition provided in the Anglo American plc Annual Report. Additionally, during 2015, $17 million of EBIT was capitalised in relation to the Boa Vista Fresh Rock (BVFR) project.

 

Media

 

UK
James Wyatt-Tilby
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Tel: +44 (0)20 7968 8759

 


Marcelo Esquivel

 

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South Africa
Pranill Ramchander
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United States mines in 2016 produced an estimated $74.6 billion of raw mineral materials, a slight increase from 2015, the U.S. Geological Survey announced Tuesday.

The information comes from the 40th annual Mineral Commodity Summaries report, the earliest comprehensive source of 2016 mineral production data for the world. It includes statistics on more than 88 mineral commodities that are important to the U.S. economy and national security. The report identifies events, trends and issues in the domestic and international minerals industries.


“The Mineral Commodity Summaries provide crucial, unbiased statistics that decision makers and policy makers, in both the private and public sectors, rely on to make business decisions and national policy,” said Steven M. Fortier, Director of the USGS National Minerals Information Center. “Industries – such as steel, aerospace and electronics – processed non-fuel mineral materials and created an estimated $2.8 trillion in value added products in 2016, which contributed 15 percent to the total U.S. Gross Domestic Product.”


One key finding from the report is during 2016, the U.S. was 100 percent import reliant on 20 mineral commodities, including rare earths, manganese and niobium, which are among a suite of materials often designated as “critical” or “strategic” because they are essential to the economy and their supply may be disrupted. This number has increased from just 11 commodities in 1984.


Some other significant findings in the new report on domestic mineral production include:

Rare Earths: The suspension of U.S. rare-earth mining in late 2015 resulted in a significant decline in domestic exports of rare-earth compounds in 2016. U.S. imports of rare-earth compounds and metals increased by 6 percent compared with those in 2015.

Aluminum: U.S. production of primary aluminum decreased for the fourth consecutive year, declining by about 47 percent in 2016 to the lowest level since 1951. During the year, three primary smelters were shut down reducing production capacity by more than 700,000 metric tons per year. U.S. imports of aluminum (crude and semi-manufactures) increased by 18 percent in 2016.

Iron Ore:
U.S. iron ore production decreased by 11 percent in 2016. Six iron ore mines in the United States had either been idled, reduced production, or closed permanently. Steel produced from basic oxygen furnaces, which consume iron ore, declined in 2016.


Diamond (industrial): The United States is likely to continue as one of the world’s leading markets for industrial diamond into the next decade and will probably remain a significant producer and exporter of synthetic industrial diamond as well. National demand for industrial diamond is likely to be strong in the construction sector as the United States continues building, milling and repairing the country’s highway system.


Salt: The 2015–16 winter was warmer than average for the first time in several years, and the amount of frozen precipitation and the number of winter weather events was below average in many parts of the United States, requiring less salt for highway de-icing. Rock salt production and imports in 2016 decreased 7 percent and 42 percent, respectively from the levels estimated in 2015 because of decreased demand from many local and State transportation departments.


Cement: On a year-on-year basis, monthly cement sales in 2016 varied widely and the overall increase for the year was lower than had been expected at yearend 2015. Construction spending levels were moderately higher during the year, however, continued low oil and gas prices significantly limited the amount of oil and gas well drilling. This reduced the consumption of general and oil well cements for this activity, which contributed to lower overall cement sales in a number of States, especially Texas.


The United States produced 13 mineral commodities in 2016 that were worth more than $1 billion each and the estimated value of total U.S. industrial minerals production in 2016 was $51.6 billion, 5 percent more than that of 2015.


Slower growth in consumption for metals – especially in China – and excess production, resulted in low prices in 2015 and early 2016 for most metals. This caused the value of 2016 U.S. metal mine production to drop to $23 billion, a 5 percent loss compared to 2015.


While the report looks at mineral commodities across the nation, eleven states individually produced more than $2 billion worth of nonfuel mineral commodities in 2016. These states were (in descending order of value): Nevada, Arizona, Texas, California, Minnesota, Florida, Alaska, Michigan, Wyoming, Missouri and Utah.


The USGS Mineral Resources Program delivers unbiased science and information to understand mineral resource potential, production, consumption and how minerals interact with the environment. The USGS National Minerals Information Center collects, analyzes, and disseminates current information on the supply of and the demand for minerals and materials in the United States and about 180 other countries. This information is essential in planning for and mitigating impacts of potential disruptions to mineral commodity supply due to both natural hazard and man-made events.

As of October 1, 2016 China Molybdenum Co will own Anglo American’s niobium and phosphates businesses in the Brazilian states of Goiás and São Paulo.


Specifically, CMOC bought Fosfatos Brasil Limitada and Nióbio Brasil Limitada, as well as the associated niobium sales and marketing function.


“The niobium business is an important strategic addition to CMOC’s existing molybdenum and tungsten business as it is a critical value-added input for specialised alloys and steel production. The phosphates business provides strategically important diversification benefits to the Company’s metals portfolio. The phosphates sector has attractive long-term fundamentals and positive outlook due to robust demand and supply dynamics in Brazil,” the Asian firm said in a statement.


CMOC paid approximately US$1.7 billion, constituting the agreed consideration of US$1.5 billion and approximately US$187 million of working capital and other adjustments, subject to certain post-closing adjustments.

Anglo American said that, after taxes payable and transaction costs, net proceeds of $1.5 billion from the sale will be used to reduce debt.


AAL is the world's number five diversified mining company, but it announced a "radical portfolio restructuring" at the end of last year with the idea of holding just to the assets where it sees long-term potential.

Sep. 30, 2016, 1

Lithium Corporation is pleased to announce that it has signed a Letter of Intent with Bormal Resources Inc., a private British Columbia company with respect to three Tantalum-Niobium properties in British Columbia.

Lithium Corporation is to earn a 100% interest in the Properties by furnishing to the Optionor:

• 1,000,000 common shares @ signing of a formal agreement
• 750,000 common shares @ 1st anniversary of the formal agreement


In consideration of the above Lithium Corporation will earn a full 100% interest in the properties, subject to two separate 1% Net Smelter Royalties (NSR’s) that may be purchased at anytime for $500,000 each.

The Michael property in the Trail Creek Mining Division was originally staked to cover one of the most compelling tantalum (Ta) in stream sediment anomalies as seen in the government RGS database in British Columbia. Bormal conducted a stream sediment sampling program in 2014, and determined that the tantalum-niobium in stream sediment anomaly here is bona fide, and in the order of 6 kilometers in length.

Tantalum in stream sediments values in the Bormal program ranged from 4.8 ppm outside of the anomaly to 31.2 ppm within the anomaly, while niobium ranged from 101.57 ppm to a high of 490.21 ppm. The values for Ta within the anomaly for the most part rank in the 98th percentile for the values obtained in the RGS surveys, and the absolute high value from the Bormal survey ranks as the 17thstrongest response relative to the RGS database, which contains over 53,000 samples. In November of 2016 Lithium Corporation conducted a short soil geochemistry orientation program on the property as part of its due diligence, and determined that there are elevated levels of Niobium-Tantalum in soils here.

Also in the general area of the Michael property the Yeehaw property has been staked over a similar but lower amplitude Tantalum/REE in stream sediment anomaly. Both properties are situated in the Eocene Coryell Batholith, and it is thought that these anomalies may arise from either Carbonatite or Pegmatite type deposits.

The third property – Three Valley Gap, is in the Revelstoke Mining Division and is situated in a locale where several Nb-Ta enriched carbonatites have been noted to occur, and where sampling by the BCGS in the 1980’s returned Tantalum values as high as 100 ppm Ta. A brief field program by Bormal in 2015 located one of these carbonatites, and concurrent soil sampling determined that the soils here are enriched with Nb-Ta over the known carbonatite, and indicated that there are other geochemical anomalies locally that may indicate that more carbonatites exist here and are shallowly buried.

Tantalum has a number of applications, with the bulk of production being allocated for the manufacture of electronic capacitors. It also is becoming increasingly utilized in alloys where its high reliability characteristics and low failure rates make it indispensible for aerospace applications. Some other uses are; medical implants due to it being chemically inert, light weight – high resolution glass lenses; and it can be found in almost all popular hand held and stationary electronic devices in use today.

There have been several electric vehicle manufacturers that have experimented with the inclusion of a large capacitor in their vehicles for those times when rapid acceleration or extra power is desired. The capacitor decreases the need for larger batteries for these sporadic periods of greater power output. Very little of North America’s demand for tantalum is met from mines on the continent, so it is conceivable that any new deposit that proves to be economically feasible may find a ready domestic market for its output.

For further information with regard to Lithium Corporation,
please contact Tom Lewis at
(775) 410-2206 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it.


About Lithium Corporation

Lithium Corporation is an exploration company based in Nevada devoted to the exploration for energy storage related resources throughout North America, looking to capitalize on opportunities within the ever expanding next generation battery markets.

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