GOLDCORP INC. and Exeter Resource Corporation are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Goldcorp has agreed to acquire, by way of a plan of arrangement , all of the issued and outstanding shares of Exeter.

The total consideration offered for all of the outstanding shares of Exeter is approximately $247 million (on a fully diluted basis).

Under the Arrangement, each common share of Exeter will be exchanged for 0.12 of a common share of Goldcorp. Based on the closing price of Goldcorp's common shares on the Toronto Stock Exchange on March 27, 2017, the Arrangement values each Exeter share at $2.58. The consideration received by Exeter shareholders represents a premium of 67% based on Goldcorp's and Exeter's closing prices on the Toronto Stock Exchange on March 27, 2017 and a premium of 60% based on Goldcorp's and Exeter's 20-day volume-weighted average share prices on the Toronto Stock Exchange for the period ending March 27, 2017.

The number of Goldcorp shares to be issued under the Arrangement will be approximately 10.6 million based on the issued and outstanding shares of Exeter as of the announcement date, but will be subject to adjustment depending on the number of Exeter options that may be exercised prior to the completion of the Arrangement. As part of the Arrangement, all Exeter stock options that are outstanding will be exercisable for Goldcorp shares based on the share exchange ratio for the remainder of their original term.

Exeter's primary asset is the 100%-owned Caspiche project ("Caspiche") located in the Maricunga mineral belt in Chile, approximately 10 kilometers to the north of the Cerro Casale project. Caspiche is a gold-copper porphyry system with an oxide gold zone on surface and a high-grade gold-copper core, which has the potential to be developed as a high tonnage, long life mining operation. Caspiche has the following mineral resources1:

"The Caspiche project is located in the heart of Chile's northern mining district," said David Garofalo, President and Chief Executive Officer. "With the acquisition of Caspiche and 50% of Cerro Casale, we envisage the two deposits being jointly advanced with Barrick, similar to our existing arrangement with Teck Resources at NuevaUnión. This joint venture structure with Barrick has the potential to allow us to consolidate infrastructure to reduce costs, reduce the environmental footprint and provide increased returns compared to two standalone projects. With our combined technical and financial strength, we see significant potential to increase net asset value per share and deliver value for all partners and stakeholders."

The Arrangement has been unanimously approved by the boards of directors of Goldcorp and Exeter and will be subject to, among other things, the favourable vote of 66 2/3% of the holders of Exeter shares at a special meeting of Exeter shareholders to be held no later than May 31, 2017, receipt of all necessary regulatory and court approvals and the satisfaction of certain other closing conditions customary for a transaction of this nature. The Exeter and Cerro Casale transactions are not conditional on the completion of the other.

The Arrangement Agreement includes customary deal protection provisions. Exeter has agreed not to solicit any alternative transactions and, in certain circumstances, to pay Goldcorp a termination fee equal to $8.65 million in the event that the Arrangement is not completed. Exeter has also provided Goldcorp with certain other customary rights, including a right to match competing offers. Closing of the transaction is expected to occur no later than June 30, 2017.

All of the directors and officers of Exeter, representing approximately 8.4% of Exeter's outstanding shares have entered into voting support arrangements with Goldcorp under which they have agreed to vote in favour of the Arrangement. Scotiabank and Paradigm Capital Inc., have provided opinions to the Exeter Board of Directors and the special committee of independent directors of Exeter, respectively, that as of the date of such opinions and subject to the assumptions, limitations, and qualifications stated in such opinions, the consideration to be received by the Exeter shareholders under the transaction is fair, from a financial point of view, to the Exeter shareholders (other than Goldcorp and its affiliates).

Advisors and Counsel

Goldcorp's financial advisor is TD Securities and its legal advisors are Cassels Brock & Blackwell LLP in Canada, Neal, Gerber & Eisenberg LLP in the United States and Cariola Díez Pérez-Cotapos in Chile.

Exeter shareholders and other interested parties are advised to read the materials relating to the proposed transaction that will be filed by Exeter with securities regulatory authorities in Canada when they become available because they will contain important information. Anyone may obtain copies of these documents when available free of charge at the Canadian Securities Administrators' website at and on EDGAR at This announcement is for informational purposes only and does not constitute an offer to purchase, a solicitation of an offer to sell the shares or a solicitation of a proxy.

None of the securities to be issued pursuant to the Arrangement Agreement have been or will be registered under the United State Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and any securities issued in the Arrangement are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

The scientific and technical information contained in this news release has been reviewed and approved by Gil Lawson, P.Eng., Vice President of Geology and Mine Planning, Goldcorp, who is a qualified person under National Instrument 43-101 ("NI 43-101").

About Goldcorp

Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines.

1 The mineral resource estimate for Caspiche has been derived from Exeter's technical report entitled "Amended NI 43-101 Technical Report on the Caspiche Project" dated December 19, 2014, a copy of which is available on Exeter's website at (figures have been rounded):

Kinross Gold Corporation announced that it has agreed to sell its 25% interest in the Cerro Casale project in Chile, and its 100% interest in the Quebrada Seca exploration project located adjacent to Cerro Casale, to Goldcorp Inc. ("Goldcorp") for the following consideration:

  • US$260 million in cash, payable at closing (which includes US$20 million for Quebrada Seca);
  • US$40 million in cash, payable following a construction decision for Cerro Casale;

Assumption by Goldcorp of a US$20 million payment obligation due to Barrick Gold Corporation ("Barrick") under the existing Cerro Casale shareholders agreement, which is payable when commercial production at Cerro Casale commences;

A 1.25% royalty from Goldcorp based on 25% of gross revenues from all metals sold at Cerro Casale and Quebrada Seca, with Kinross foregoing the first US$10 million.

Additionally, on closing Kinross will enter into a water supply agreement with the Cerro Casale joint venture. After certain conditions are met, the agreement will provide Kinross with certain rights to access, up to a fixed amount, water not required by the Cerro Casale joint venture. Kinross expects to use this water for its Chilean assets and would be responsible for the incremental capital costs to accommodate the supply of water to the Company along with its pro rata share of operating and maintenance costs.

Kinross expects to use the proceeds from the sale for its organic development projects and to further strengthen its balance sheet.
The sale is expected to be completed in the second quarter of 2017, subject to customary conditions of closing as well as the closing of Goldcorp's acquisition from Barrick of a 25% interest in the Cerro Casale project.

About Kinross Gold Corporation

Kinross is a Canadian-based senior gold mining company with mines and projects in the United States, Brazil, Russia, Mauritania, Chile and Ghana. Our focus is on delivering value based on the core principles of operational excellence, balance sheet strength, disciplined growth and responsible mining. 

Investor Relations Contact
Tom Elliott
Senior Vice-President, Investor Relations and Corporate Development
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Director, Corporate Communications
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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:

For further information please contact
Newcrest, Australia
Anna Freeman
Senior Adviser – Media
+61 3 9522 5548
+61 417 033 752
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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


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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.

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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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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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.
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.




James Wyatt-Tilby
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Marcelo Esquivel


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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.

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