The Norampac pulp and paper mill in Red Rock, Ontario indefinitely shut down in November 2006, eliminating 300 jobs. This came after 100 jobs were lost the previous year when one of the mill's paper machines shut down. The town has been left waiting to see if the mill will reopen or if residents will be forced to leave to find new employment. Nearby Nipigon was also hit hard when its Multiply Forest Products sawmill burned down in February 2007, destroying 130 more jobs. While there is some optimism that improving economic conditions could lead to the Red Rock mill restarting, the future remains uncertain for the small communities that rely on the forestry industry for employment.
ResourceClips: Taseko Mines Ltd.'s (TSX: TKO) BC Mine Hangs in the Balance (...Resource Clips
The document summarizes issues around Taseko Mines' proposed New Prosperity gold-copper mine in British Columbia. It would be an large mine providing significant economic benefits but faces opposition from some First Nations groups. It was previously rejected due to environmental concerns but Taseko has revised the plan at a higher cost. However, the Tsilhqot'in National Government remains opposed, leaving the $1.1 billion proposal in limbo.
LNG is large growth market as more and more countries look at alternatives to coal for electrical power generation. There are two large players fighting it out in the LNG market and that is United States and Russia.
TD Securities Calgary Energy Conference 2014Enbridge Inc.
Al Monaco, President and CEO, Enbridge Inc. discussed the strategic imperative of energy market access before an audience of investors, business leaders, and energy industry representatives.
Uncertainty is Clouding the Energy Trading OutlookCTRM Center
As the United States continues to rapidly grow its production of oil and gas from shale, and Canada increases production from its oil-rich tar sands, these new volumes are helping to support world oil markets as crude production outside the US declines due to increasing conflict in the Middle East and North Africa. Should these conflicts widen, the global markets will be increasingly volatile as supply disruptions outpace the growth in North American production.
Though US natural gas production has not yet impacted the global market space via LNG exports, there is no doubt that those exports will happen. While the impact on US prices is unclear at this time, these exports will be yet another variable with which to content in a US market already unsettled by increasing regulations that will, by design, reshape the US energy mix.
Dealing with this uncertainty will require increasing market vigilance, with a constant view on both the near and longterm energy outlook, and supported by a commodity trading and risk management solution that facilitates analytics, market visibility and regulatory compliance, such as Eka Energy.
This document provides an overview and preparation guide for the 1Y0-201 Managing Citrix XenDesktop 7.6 Solutions exam. It includes information on exam structure, objectives and section weights. The exam contains 84 questions, including 78 multiple choice and 6 simulations. It covers managing, maintaining, monitoring and troubleshooting XenDesktop 7.6 solutions. Recommended knowledge includes Windows Server, Active Directory, networking, storage and virtualization concepts. Hands-on experience with XenDesktop 7.6 is strongly recommended for exam preparation.
- While some layoffs have occurred in Fort McMurray due to the economic downturn, local officials say the impact has been minimal and signs of the overheated economy remain.
- Infrastructure projects are ongoing to take advantage of the slowing pace of development and "catch up" on necessities like housing and roads to support the growing population.
- The municipality faces financial constraints if oilsands projects are mothballed for a long time, reducing needed revenue to fund infrastructure.
This document provides an overview of the Snowflake paper mill in Arizona. It summarizes the mill's history and conversion to becoming fully recycled by installing a new deinking system. Key details include:
- The mill was originally built to use wood from surrounding forests but environmental regulations limited logging, leading the mill to transition to using recycled fibers.
- In 1998, the mill was purchased by Abitibi Consolidated and invested $23 million to install a new deinking system allowing the mill to become 100% recycled.
- The mill shut down its kraft pulping operations in 1999 and removed associated equipment to complete the transition to a recycled fiber mill. It now relies on recycling nearly 500,000 tons of
16.42 CSVR Renewable Energy 12-18-2016Philip Joens
The document discusses three recent lawsuits filed against Sientra alleging the breast implant maker failed to disclose regulatory inquiries before its secondary public offering on September 23rd. Specifically, a lawsuit was filed on behalf of the retirement plan for 2,600 retired police officers who lost money after Sientra's stock price collapsed following the offering. Similar lawsuits were also filed in late October and November. Sientra's attorneys were able to successfully move the complaints to federal court in Northern California in early December and have the cases combined. The lawsuits aim to determine if Sientra and its underwriters made false or misleading claims about its manufacturing processes leading up to the secondary offering.
ResourceClips: Taseko Mines Ltd.'s (TSX: TKO) BC Mine Hangs in the Balance (...Resource Clips
The document summarizes issues around Taseko Mines' proposed New Prosperity gold-copper mine in British Columbia. It would be an large mine providing significant economic benefits but faces opposition from some First Nations groups. It was previously rejected due to environmental concerns but Taseko has revised the plan at a higher cost. However, the Tsilhqot'in National Government remains opposed, leaving the $1.1 billion proposal in limbo.
LNG is large growth market as more and more countries look at alternatives to coal for electrical power generation. There are two large players fighting it out in the LNG market and that is United States and Russia.
TD Securities Calgary Energy Conference 2014Enbridge Inc.
Al Monaco, President and CEO, Enbridge Inc. discussed the strategic imperative of energy market access before an audience of investors, business leaders, and energy industry representatives.
Uncertainty is Clouding the Energy Trading OutlookCTRM Center
As the United States continues to rapidly grow its production of oil and gas from shale, and Canada increases production from its oil-rich tar sands, these new volumes are helping to support world oil markets as crude production outside the US declines due to increasing conflict in the Middle East and North Africa. Should these conflicts widen, the global markets will be increasingly volatile as supply disruptions outpace the growth in North American production.
Though US natural gas production has not yet impacted the global market space via LNG exports, there is no doubt that those exports will happen. While the impact on US prices is unclear at this time, these exports will be yet another variable with which to content in a US market already unsettled by increasing regulations that will, by design, reshape the US energy mix.
Dealing with this uncertainty will require increasing market vigilance, with a constant view on both the near and longterm energy outlook, and supported by a commodity trading and risk management solution that facilitates analytics, market visibility and regulatory compliance, such as Eka Energy.
This document provides an overview and preparation guide for the 1Y0-201 Managing Citrix XenDesktop 7.6 Solutions exam. It includes information on exam structure, objectives and section weights. The exam contains 84 questions, including 78 multiple choice and 6 simulations. It covers managing, maintaining, monitoring and troubleshooting XenDesktop 7.6 solutions. Recommended knowledge includes Windows Server, Active Directory, networking, storage and virtualization concepts. Hands-on experience with XenDesktop 7.6 is strongly recommended for exam preparation.
- While some layoffs have occurred in Fort McMurray due to the economic downturn, local officials say the impact has been minimal and signs of the overheated economy remain.
- Infrastructure projects are ongoing to take advantage of the slowing pace of development and "catch up" on necessities like housing and roads to support the growing population.
- The municipality faces financial constraints if oilsands projects are mothballed for a long time, reducing needed revenue to fund infrastructure.
This document provides an overview of the Snowflake paper mill in Arizona. It summarizes the mill's history and conversion to becoming fully recycled by installing a new deinking system. Key details include:
- The mill was originally built to use wood from surrounding forests but environmental regulations limited logging, leading the mill to transition to using recycled fibers.
- In 1998, the mill was purchased by Abitibi Consolidated and invested $23 million to install a new deinking system allowing the mill to become 100% recycled.
- The mill shut down its kraft pulping operations in 1999 and removed associated equipment to complete the transition to a recycled fiber mill. It now relies on recycling nearly 500,000 tons of
16.42 CSVR Renewable Energy 12-18-2016Philip Joens
The document discusses three recent lawsuits filed against Sientra alleging the breast implant maker failed to disclose regulatory inquiries before its secondary public offering on September 23rd. Specifically, a lawsuit was filed on behalf of the retirement plan for 2,600 retired police officers who lost money after Sientra's stock price collapsed following the offering. Similar lawsuits were also filed in late October and November. Sientra's attorneys were able to successfully move the complaints to federal court in Northern California in early December and have the cases combined. The lawsuits aim to determine if Sientra and its underwriters made false or misleading claims about its manufacturing processes leading up to the secondary offering.
Blue Moon Zinc Corp. Highlights:
● The Blue Moon mine was in production between 1943 and 1945. Hecla Mining produced 55,656 tons grading 12.3% zinc, 0.36% copper, 0,48% lead, 3.75 oz/ton silver and 0.062oz/ton gold.
● Blue Moon already has 5.3 million tons of indicated and inferred resources and the Company believes it can advance that materially with extension and exploration drilling.
● Blue Moon can boast a 95% recovery rate
● Blue Moon property now has approximately 2.62 million tons with a grade of 6.01% zinc indicated, and 2.68 million tons with a grade of 5.98% zinc inferred, plus significant amounts of copper, lead, silver and gold.
● In 2017, Zinc prices rose to $2,825 a tonne up 10% on the year. According to Zinc Investment News, Zinc prices rose 90% between January 2016 and March 2017.
● Blue Moon is applying for drill permits and is commencing baseline and engineering studies.
The document is a newspaper article from The Morning Sun covering local and regional news from Pittsburg, Kansas on February 17, 2011. It includes short articles on Westar Energy performing power line maintenance closing a local road, a Pittsburg State international student from Egypt commenting on political changes in her home country, and warmer weather encouraging people to wash their cars. It also previews additional articles inside the newspaper on topics like stronger liquor availability being discussed in the Kansas Senate and recent fires in the town of Hepler.
Boom beckons for Leinster - The West AustralianAndrew E. Hall
BHP Billiton has announced new investment in its Nickel West operations in the northern Goldfields region of Western Australia that is expected to extend mining at the site until at least 2032. This includes resuming an underground drive within weeks to access the Venus nickel deposit. The Shire president of Leonora hailed the announcement, saying it would boost confidence and breathe new life into the town of Leinster, which was established to house mine workers. Student numbers in Leinster have risen following increased mining and exploration activity by Nickel West at its Mt Keith operation.
Canadian companies abroad: perspective from Papua New Guinea
Matilda Koma, Director, Centre for Environmental Research and Development, Papua New Guinea
The mayor of Lima, Ohio recruited an investment banker to find a buyer for the BP refinery that was slated to close, putting many people out of work. The mayor gathered a task force to provide data to convince potential buyers. They found that the refinery workers had kept the plant in good condition in case a buyer was found. The mayor contacted the former head of the refinery, Jim Schaefer, who convinced a buyer from Blackstone of the productivity gains made at the refinery and that the culture of improvement would continue. Blackstone then made an offer to BP for $175 million, which BP accepted, saving the plant and jobs in Lima.
Tony Chow Fort McMurray [Geography & BTT Summative]Tctony155
This document provides an overview of Fort McMurray, Alberta, Canada. It discusses the physical geography of the region, including its location in the Central Plains and proximity to two rivers. It then covers the human geography, including local events and the economy which is primarily based around the oil industry. Demographic information is presented, noting the population is projected to reach 231,000 by 2030. Migration patterns show most residents come from within Canada, attracted by employment opportunities. The conclusion states Fort McMurray was established due to the oil industry and has grown rapidly since the 1960s.
1) Vancouver mining companies are scrambling to acquire graphite mining projects around the world due to increased demand for graphite from electric vehicles and new Chinese export restrictions.
2) Graphite prices have risen significantly in recent years from $500-600 per tonne to $2,500-3,000 per tonne, spurring a rush of junior mining companies to acquire graphite projects.
3) Experts warn that due to the large number of companies entering the graphite mining sector, serious projects need to focus on deposits that can be mined via open-pit and have high-grade, large flake graphite to have the best chances of success.
2008 annual report for Phoenix Coal (TSX: PHC), a company engaged in the exploration, production, acquisition and sale of coal from the Illinois Basin. The current mining operations and near-term development projects of the Company are located
in Western Kentucky, an area that comprises a part of the Illinois Basin.
1) Sparta Spoke Factory in Sparta, Tennessee celebrated its 100th anniversary in 1996, making it rare for a company to survive over a century with all the challenges it faced.
2) The factory was founded in 1896 by James Richardson Tubb and became the largest exclusive spoke manufacturer in the world after World War I.
3) It survived major events like the Great Depression and two fires through expanding its product lines and adapting to changes in transportation by supplying spokes for automobiles as wagons declined.
This document provides an overview of mining in Quebec, Canada. It discusses Quebec's ranking in the Fraser Institute survey, which fell to fourth place likely due to increased mining duties and regulatory uncertainty. Major commodities produced in Quebec include gold, iron ore, silver, nickel, zinc, and copper. The document also examines issues like restricted land access, social acceptability of mining, and Quebec's Plan Nord initiative to develop the province's vast northern region.
The document discusses economic sectors and how they change as countries develop. It defines primary, secondary, tertiary and quaternary sectors. The Clarke-Fisher model shows how employment shifts from primary to secondary to tertiary as countries industrialize and education levels rise. Typical sector balances are provided for low, middle, and high-income countries. Specific examples from the UK discuss the decline of primary industries like agriculture, fishing and mining, as well as the secondary sector. The growth of the tertiary sector and "grey pound" effect are also covered. Case studies examine economic locations of power stations, supermarkets, and the redevelopment of gravel pits in the Cotswold Water Park.
This document summarizes the operations of Scotbar Proprietary Limited, an Australian mining company focused on sustainable resource utilization. The CEO, Allan Payne, was frustrated by typical mining practices that wasted resources and damaged the environment. At Scotbar's quarry, Payne worked to utilize nearly 100% of resources and restore the land. After a flood forced the quarry to store toxic waste for years, Scotbar developed a new process to turn waste sandstone into high-quality construction sand, addressing global shortages and environmental problems from traditional sand mining. However, the sand was more expensive to produce and customers were slow to accept it until concrete failures demonstrated its benefits over natural sand.
1) Identify ethical issues2) Analysis of effects and underlying ca.pdfalimacal
1) Identify ethical issues
2) Analysis of effects and underlying causes
Introduction As Peter Munk fended off calls for his resignation in the fall of 2013, the gold
mining company he had founded in 1980 was at the centre of what he called a "perfect storm" of
environmental, community and stockholder pressures. Based in Toronto, Canada, Barrick Gold
Corporation had built its position as the world's biggest gold mining company on a policy of
"responsible mining", which involved careful environmental planning and millions of dollars of
investment in the communities where it mined. At 85 , Munk still guided the corporation as chair
of the board. (Figure 1) But now its success was threatened by tougher requirements from
environmental regulators, community protests, and demands for greater profit-sharing from the
governments of several nations where its most promising mining developments were underway.
Furthermore, the price of gold had dropped precipitously. Shareholders were calling for a
reconstitution of the Barrick's board, saying current members, like Munk, were out of syne with
the current market realities. At the centre of this storm was the huge Pascua Lama mining project
that Barrick was developing high in the Andes, straddling the border of Chile and Argentina. Set
in a remote region among ancient glaciers, the mine would tap into one of the world's largest
gold reserves, believed to hold nearly 18 million ounces of gold and 676 million ounces of silver
2 As the world's first mine to operate across national borders, Pascua Lama would set a
precedent for other ambitious mining projects which Barrick hoped to develop in the same
region. The company had already poured more than $5 billion into the giant construction project,
which it listed as its top priority. 3 Start of production had been delayed to 2016, and it had
already cost billions more than anticipated when it started planning in 1997. It had been a dismal
year for the project. First a court had delayed construction on the Chilean side of the project,
after an indigenous community in the region had alleged that the project would pollute local
water supplies. Then environmental regulators halted construction on the Chilean side until
Barrick could complete the installation of an improved water management system. These
problems and the drop in gold prices sent the company's stock on the Toronto and New York
Stock exchanges tumbling: it had lost nearly 50% of its value since the beginning of the year.
Some analysts were calling on the company to get out of the business of building new mines
altogether. 4 Originally, the governments the Chile and Argentina had welcomed the Pascua
Lama project as a way to bring jobs and economic benefits to a desolate and impoverished
region. Barrick had gone through years of negotiations and made many concessions, including
abandoning a plan to move parts of the glacier, to get the necessary environmental permits. The
company had recruited support am.
Proposed project could extend life of Marigold Mine - News4NevadaRon Leiken
The Marigold Mine in Humboldt County, Nevada is proposing the Mackay Optimization Project to extend the life of the mine by 8 to 10 years until approximately 2033. The project would consolidate six existing pits into two larger pits and increase the depth and footprint of the pits. It would also expand the processing facilities and waste storage areas but not change the approved mine boundary. The project is entering the environmental review process which will include public comments and aim to complete by the end of 2017. It is projected to help extend economic benefits to the local area for 20 years without increasing production or employment levels.
The executive summary of a larger study done by the experts at IHS. The study, issued in May 2016, shows that shale gas has contributed to the creation of 1.9 million jobs throughout the economy. Just building natural gas transmission lines has meant more than 347,000 jobs with 60,000 of those jobs in manufacturing.
The Town of Stoner, Colorado broke ground on construction to rebuild the historic town and establish it as the first cannabis town in America. The town will include 30 RV spots, a general store, and bar/grill that can host 2,500 people, as well as additional camping spots and space for 10,000-person events near the Dolores River. Mayor Frank McDonald said the town will be fully operational by July 2015 and will set an example for the country as the first town dedicated to cannabis culture.
Strike Graphite (TSXv: SRK) Picks Up Graphite Projects in Saskatchewan and Qu...Resource Clips
Strike Graphite's new focus is on the newly acquired Saskatchewan graphite properties (Simon Lake and Deep BayEast). ResourceClips and Damien Lowry discuss the projects in the February 15, 2012 feature.
Blue Moon Zinc Corp. Highlights:
● The Blue Moon mine was in production between 1943 and 1945. Hecla Mining produced 55,656 tons grading 12.3% zinc, 0.36% copper, 0,48% lead, 3.75 oz/ton silver and 0.062oz/ton gold.
● Blue Moon already has 5.3 million tons of indicated and inferred resources and the Company believes it can advance that materially with extension and exploration drilling.
● Blue Moon can boast a 95% recovery rate
● Blue Moon property now has approximately 2.62 million tons with a grade of 6.01% zinc indicated, and 2.68 million tons with a grade of 5.98% zinc inferred, plus significant amounts of copper, lead, silver and gold.
● In 2017, Zinc prices rose to $2,825 a tonne up 10% on the year. According to Zinc Investment News, Zinc prices rose 90% between January 2016 and March 2017.
● Blue Moon is applying for drill permits and is commencing baseline and engineering studies.
The document is a newspaper article from The Morning Sun covering local and regional news from Pittsburg, Kansas on February 17, 2011. It includes short articles on Westar Energy performing power line maintenance closing a local road, a Pittsburg State international student from Egypt commenting on political changes in her home country, and warmer weather encouraging people to wash their cars. It also previews additional articles inside the newspaper on topics like stronger liquor availability being discussed in the Kansas Senate and recent fires in the town of Hepler.
Boom beckons for Leinster - The West AustralianAndrew E. Hall
BHP Billiton has announced new investment in its Nickel West operations in the northern Goldfields region of Western Australia that is expected to extend mining at the site until at least 2032. This includes resuming an underground drive within weeks to access the Venus nickel deposit. The Shire president of Leonora hailed the announcement, saying it would boost confidence and breathe new life into the town of Leinster, which was established to house mine workers. Student numbers in Leinster have risen following increased mining and exploration activity by Nickel West at its Mt Keith operation.
Canadian companies abroad: perspective from Papua New Guinea
Matilda Koma, Director, Centre for Environmental Research and Development, Papua New Guinea
The mayor of Lima, Ohio recruited an investment banker to find a buyer for the BP refinery that was slated to close, putting many people out of work. The mayor gathered a task force to provide data to convince potential buyers. They found that the refinery workers had kept the plant in good condition in case a buyer was found. The mayor contacted the former head of the refinery, Jim Schaefer, who convinced a buyer from Blackstone of the productivity gains made at the refinery and that the culture of improvement would continue. Blackstone then made an offer to BP for $175 million, which BP accepted, saving the plant and jobs in Lima.
Tony Chow Fort McMurray [Geography & BTT Summative]Tctony155
This document provides an overview of Fort McMurray, Alberta, Canada. It discusses the physical geography of the region, including its location in the Central Plains and proximity to two rivers. It then covers the human geography, including local events and the economy which is primarily based around the oil industry. Demographic information is presented, noting the population is projected to reach 231,000 by 2030. Migration patterns show most residents come from within Canada, attracted by employment opportunities. The conclusion states Fort McMurray was established due to the oil industry and has grown rapidly since the 1960s.
1) Vancouver mining companies are scrambling to acquire graphite mining projects around the world due to increased demand for graphite from electric vehicles and new Chinese export restrictions.
2) Graphite prices have risen significantly in recent years from $500-600 per tonne to $2,500-3,000 per tonne, spurring a rush of junior mining companies to acquire graphite projects.
3) Experts warn that due to the large number of companies entering the graphite mining sector, serious projects need to focus on deposits that can be mined via open-pit and have high-grade, large flake graphite to have the best chances of success.
2008 annual report for Phoenix Coal (TSX: PHC), a company engaged in the exploration, production, acquisition and sale of coal from the Illinois Basin. The current mining operations and near-term development projects of the Company are located
in Western Kentucky, an area that comprises a part of the Illinois Basin.
1) Sparta Spoke Factory in Sparta, Tennessee celebrated its 100th anniversary in 1996, making it rare for a company to survive over a century with all the challenges it faced.
2) The factory was founded in 1896 by James Richardson Tubb and became the largest exclusive spoke manufacturer in the world after World War I.
3) It survived major events like the Great Depression and two fires through expanding its product lines and adapting to changes in transportation by supplying spokes for automobiles as wagons declined.
This document provides an overview of mining in Quebec, Canada. It discusses Quebec's ranking in the Fraser Institute survey, which fell to fourth place likely due to increased mining duties and regulatory uncertainty. Major commodities produced in Quebec include gold, iron ore, silver, nickel, zinc, and copper. The document also examines issues like restricted land access, social acceptability of mining, and Quebec's Plan Nord initiative to develop the province's vast northern region.
The document discusses economic sectors and how they change as countries develop. It defines primary, secondary, tertiary and quaternary sectors. The Clarke-Fisher model shows how employment shifts from primary to secondary to tertiary as countries industrialize and education levels rise. Typical sector balances are provided for low, middle, and high-income countries. Specific examples from the UK discuss the decline of primary industries like agriculture, fishing and mining, as well as the secondary sector. The growth of the tertiary sector and "grey pound" effect are also covered. Case studies examine economic locations of power stations, supermarkets, and the redevelopment of gravel pits in the Cotswold Water Park.
This document summarizes the operations of Scotbar Proprietary Limited, an Australian mining company focused on sustainable resource utilization. The CEO, Allan Payne, was frustrated by typical mining practices that wasted resources and damaged the environment. At Scotbar's quarry, Payne worked to utilize nearly 100% of resources and restore the land. After a flood forced the quarry to store toxic waste for years, Scotbar developed a new process to turn waste sandstone into high-quality construction sand, addressing global shortages and environmental problems from traditional sand mining. However, the sand was more expensive to produce and customers were slow to accept it until concrete failures demonstrated its benefits over natural sand.
1) Identify ethical issues2) Analysis of effects and underlying ca.pdfalimacal
1) Identify ethical issues
2) Analysis of effects and underlying causes
Introduction As Peter Munk fended off calls for his resignation in the fall of 2013, the gold
mining company he had founded in 1980 was at the centre of what he called a "perfect storm" of
environmental, community and stockholder pressures. Based in Toronto, Canada, Barrick Gold
Corporation had built its position as the world's biggest gold mining company on a policy of
"responsible mining", which involved careful environmental planning and millions of dollars of
investment in the communities where it mined. At 85 , Munk still guided the corporation as chair
of the board. (Figure 1) But now its success was threatened by tougher requirements from
environmental regulators, community protests, and demands for greater profit-sharing from the
governments of several nations where its most promising mining developments were underway.
Furthermore, the price of gold had dropped precipitously. Shareholders were calling for a
reconstitution of the Barrick's board, saying current members, like Munk, were out of syne with
the current market realities. At the centre of this storm was the huge Pascua Lama mining project
that Barrick was developing high in the Andes, straddling the border of Chile and Argentina. Set
in a remote region among ancient glaciers, the mine would tap into one of the world's largest
gold reserves, believed to hold nearly 18 million ounces of gold and 676 million ounces of silver
2 As the world's first mine to operate across national borders, Pascua Lama would set a
precedent for other ambitious mining projects which Barrick hoped to develop in the same
region. The company had already poured more than $5 billion into the giant construction project,
which it listed as its top priority. 3 Start of production had been delayed to 2016, and it had
already cost billions more than anticipated when it started planning in 1997. It had been a dismal
year for the project. First a court had delayed construction on the Chilean side of the project,
after an indigenous community in the region had alleged that the project would pollute local
water supplies. Then environmental regulators halted construction on the Chilean side until
Barrick could complete the installation of an improved water management system. These
problems and the drop in gold prices sent the company's stock on the Toronto and New York
Stock exchanges tumbling: it had lost nearly 50% of its value since the beginning of the year.
Some analysts were calling on the company to get out of the business of building new mines
altogether. 4 Originally, the governments the Chile and Argentina had welcomed the Pascua
Lama project as a way to bring jobs and economic benefits to a desolate and impoverished
region. Barrick had gone through years of negotiations and made many concessions, including
abandoning a plan to move parts of the glacier, to get the necessary environmental permits. The
company had recruited support am.
Proposed project could extend life of Marigold Mine - News4NevadaRon Leiken
The Marigold Mine in Humboldt County, Nevada is proposing the Mackay Optimization Project to extend the life of the mine by 8 to 10 years until approximately 2033. The project would consolidate six existing pits into two larger pits and increase the depth and footprint of the pits. It would also expand the processing facilities and waste storage areas but not change the approved mine boundary. The project is entering the environmental review process which will include public comments and aim to complete by the end of 2017. It is projected to help extend economic benefits to the local area for 20 years without increasing production or employment levels.
The executive summary of a larger study done by the experts at IHS. The study, issued in May 2016, shows that shale gas has contributed to the creation of 1.9 million jobs throughout the economy. Just building natural gas transmission lines has meant more than 347,000 jobs with 60,000 of those jobs in manufacturing.
The Town of Stoner, Colorado broke ground on construction to rebuild the historic town and establish it as the first cannabis town in America. The town will include 30 RV spots, a general store, and bar/grill that can host 2,500 people, as well as additional camping spots and space for 10,000-person events near the Dolores River. Mayor Frank McDonald said the town will be fully operational by July 2015 and will set an example for the country as the first town dedicated to cannabis culture.
Strike Graphite (TSXv: SRK) Picks Up Graphite Projects in Saskatchewan and Qu...Resource Clips
Strike Graphite's new focus is on the newly acquired Saskatchewan graphite properties (Simon Lake and Deep BayEast). ResourceClips and Damien Lowry discuss the projects in the February 15, 2012 feature.
Similar to CBC News In Depth_ Three Towns-RR1 (20)
Strike Graphite (TSXv: SRK) Picks Up Graphite Projects in Saskatchewan and Qu...
CBC News In Depth_ Three Towns-RR1
1. CBC News In Depth: Three Towns http://www.cbc.ca/news/threetowns/redrock-1.html
1 of 3
Red Rock by the numbers
Location: On the shores
of Lake Superior in
northwestern Ontario, a
few kilometres from
Nipigon and about 90
kilometres east of
Thunder Bay.
Population (2006): 1,063
Average earnings
(2001):: $38,223
Median family income
(2001):: $74,660
Industry: Pulp and paper.
In 2001, 39 per cent of
the experienced labour
force worked in the
manufacturing and
construction industry.
Source: Most recent
information from Statistics
Canada
The Lake Sulphite Pulp Co. brought
prosperity to Red Rock in the 1930s.
(Photo courtesy Red Rock Historical
Society)
IN DEPTH
Three Towns
Red Rock: Part I
A double-barrelled blow
Last Updated April 4, 2007
by Amanda Ryder, CBC News
In Red Rock, a town of 1,063 nestled on the north shore of Lake Superior
nearly 100 kilometres east of Thunder Bay, everything became
uncharacteristically quiet on Nov. 23, 2006.
For decades, the constant churning of conveyor belts and machinery could be
heard nearly everywhere in the town for 24 hours a day, seven days a week.
But on that November day, for the first time in 61 years, the Norampac pulp
and paper mill at 1 Baker Street was indefinitely idled.
Marilyn Young, the librarian at the Red Rock Public School, said she can
remember nights when the constant clanging and steady humming of the mill
would wake her up.
"I never thought I'd miss it," she laments now. "It's so quiet."
Now, months after the shutdown, residents of Red Rock are waiting — waiting
for the mill to reopen, waiting for their houses to sell, or waiting for the
school year to end so they can decide their next move with minimal
disruption to their children.
The future looked bright when the North American Paper Company
(Norampac) assumed ownership of the mill in 1997. The operation had been
owned by Domtar Ltd., which merged with Cascades Inc. to form Norampac.
The new company — headquartered in St. Bruno, Que. — became Canada's
largest producer of corrugated packaging and the seventh largest in North
America. At the time, the Red Rock mill was the largest in the company and
had a target production rate of 35,000 tonnes per month.
But by 2004, soaring electricity rates and a rapidly rising Canadian
dollar began to take their toll. It became too expensive to upgrade the
plant.
Now, residents are in a holding pattern as they contemplate leaving a
town where most have spent their whole lives.
One hundred people lost their jobs when the mill shut down one of its
paper machines in September 2005. Another 300 were left without
work when the entire mill was idled a year later.
The few who still have jobs usually face lengthy commutes — some as
long as two hours. Others have left for work in other areas, including in
Alberta's booming oil patch.
Meanwhile, as the winter deep-freeze set in and it seemed like the employment outlook couldn't get any
bleaker, the area's forestry industry was hit again. On Feb. 6, 2007, a fire tore through the Multiply
Forests Products sawmill in neighbouring Nipigon and burned it to the ground. The fire killed 130 jobs in
a community of 1,800.
Until then, the sawmill had been the main source of good news for both towns. Just a month before the
2. CBC News In Depth: Three Towns http://www.cbc.ca/news/threetowns/redrock-1.html
2 of 3
'Everybody was just feeling a
gut-wrenching, sickening
type of feeling in their
fire, a local management group purchased the aging MFP plywood mill and had plans to inject $4 million
into the facility to modernize it.
Employees planned to chip in $300,000 of their own money, and the province offered $400,000 to help
upgrade the plant. The fire has changed all that. The mill was insured, but reconstruction will take time.
Faced with the loss of the two main sources of employment for the region, the push is on in Red Rock to
find a new industry to sustain the small community before it disappears.
Reasons for optimism and pessimism
Months after the Red Rock mill closure, the assumption might be that the town is scrambling to find a
substitute economic engine — but that's not the case. Red Rock is proceeding with equal amounts of
hope and caution.
Sam Sobush, who was recently elected town reeve, is the man saddled with the responsibility of reviving
the town. Sobush came to Red Rock 34 years ago and started working at the mill out of high school, a
familiar story in these parts. He worked in the mill until its final day in November 2006.
Sobush and the town council established the Community Adjustment Committee to discuss other options
for the town. They are expected to report back to the residents of Red Rock early in the spring.
One big problem is that the Norampac mill covered 65 per cent of the town's tax base. Now commercial
businesses and residents will be left to pick up that void.
Sobush remains hopeful that the mill will resume operations. He points out said the factors that led to
the mill's closing — the high dollar, rising electricity and natural gas rates and the cost of paper fibre —
have improved.
"There's potential there for it to reopen," Sobush said.
But he also believes that if the mill does reopen, it will need a cogeneration boiler that would let it utilize
waste energy to produce its own electricity. This would require a substantial investment, which could
scare off potential buyers.
'It's a difficult time for all of us'
Lorne Morrow, who was the mill's manager from 1995 until the 2006 shutdown, said there isn't just one
thing that can bring the mill back — its survival depends heavily on several uncontrollable factors.
While he agrees with Sobush that the general economic climate is improving, he also notes that currency
and natural gas prices are largely unpredictable.
Morrow also points to another factor — time. He believes the decision will have to be made within the
year, questioning whether the shuttered mill's machinery can survive another harsh Northern Ontario
winter without heat.
Still, like Sobush, Morrow hopes there is a way to fire the mill back up. His wife, Linda, is the principal at
Nipigon-Red Rock High School, and the couple doesn't plan to leave town any time soon.
"It's a difficult time for all of us. A lot of people have homes here and they aren't worth much right now,"
Morrow said.
More hope in Nipigon
A couple of kilometres away in Nipigon, February's fire shocked people who
had been revelling in the news that the Multiply Forests Products mill was
going to be revived and modernized.
3. CBC News In Depth: Three Towns http://www.cbc.ca/news/threetowns/redrock-1.html
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stomach with the uncertainty
of the future.'
–Coun. Hoss Pelletier
Red Rock's abandoned mill was used
as a prisoner of war camp during the
Second World War. (Photo courtesy
Red Rock Historical Society)
Hoss Pelletier, a councillor for the town of 1,800, said that before the blaze,
"everyone in the community had been riding a bit of a high."
Pelletier noticed an immediate change in the mood of the town, even as word
spread of the flames shooting from the mill and as firefighters struggled for
nearly a day to put out the fire.
"Everybody was just feeling a gut-wrenching, sickening type of feeling in their stomach with the
uncertainty of the future," he said.
In the days following the fire, Richard Harvey, the reeve of Nipigon, met with mill owners, employees
and members. Shortly after that, the local mill owners announced they intended to rebuild.
Harvey said the process could take up to take two years.
However, Nipigon has one advantage over Red Rock in the wake of the
mill's loss — the Multiply Forests Products operation contributed a far
smaller percentage of the town's tax base, compared to the mill in Red
Rock.
Harvey said the tax base from the razed sawmill was not "exceptionally
high," adding up to slightly more than five per cent of taxes.
He remains optimistic that the Nipigon sawmill will eventually be rebuilt
and pumping out product.
Harvey points out that Multiply Forest Products is one of the only North
American producers of hardwood underlay. During the rebuilding period, the mill owners intend to
continue serving their clients from a temporary location.
"The mill in Nipigon, unlike so many, is not being hit by economic struggles: there's still a strong market
for the product," said Harvey.
"The people who own the mill are from Nipigon and they want to keep it in Nipigon."
Silence and waiting in Red Rock
Meanwhile, life has changed drastically in Red Rock amid the eerie silence.
Some people who want to stay in Red Rock have been drawing hope from the histories of nearby
communities that have recovered after mill closings.
In Terrace Bay, about 90 kilometres to the east, the Neenah Paper mill was indefinitely idled in February
2006 and 400 employees lost their jobs. Eight months later, the mill reopened when a new company
took over.
About 90 kilometres in the other direction, in Thunder Bay, the Cascades mill reopened after a year of
shutdown.
Doug Mowat, a former mill worker and one-time Red Rock reeve who plans to stay in the community,
predicts that summer will be the deadline for residents who are still hanging on to hope.
"Right now, this is my feeling: people are on severances and on hold from moving," Mowat said. "They
are waiting to see what happens over winter."