Stillwater Reaches 2-year Wage Agreement With US Steel Workers
Sibanye announced that it has secured a two-year wage agreement with the United Steel Workers of America, International Union, the representative union at its Stillwater Operations in Montana, USA. Negotiations with the United Steel Workers of America, International Union at East Boulder, will take place at year end.
The terms of the agreement include a 2% general wage increase for all job categories effective from June 2, 2017, to January 1, 2018, with a further 1% increase effective from January 1, 2018, to June 1, 2018. A 2% annual increase will be in effect for the second year of the agreement, from June 2, 2018, to June 1, 2019.
Dominion Going Underground at the Misery Kimberlite Pipe
Dominion Diamond has reported positive results from a prefeasibility study (PFS) of development of an underground mine, to be called “Misery Deep,” below the Misery open pit at Ekati diamond mining operations in Canada’s Northwest Territories, approximately 300 km northeast of Yellowknife. The Misery kimberlite pipe is located in the Core Zone joint venture at Ekati, in which Dominion has an 88.9% participating interest.
Cliffs Natural Resources Picks Ohio for HBI Plant
Cliffs Natural Resources Inc. announced it has selected a site in Toledo, Ohio, for the development of its first hot briquetted iron (HBI) production plant. Midrex Technologies was selected to design, engineer and procure equipment for the new plant, which will have the nominal capacity to produce 1.6 million tons of HBI per year.
“Today’s announcement marks a very important strategic milestone for Cliffs as we begin to implement our plans to be the sole producer of high-quality HBI for the EAF steel market in the Great Lakes region,” said Lourenco Goncalves, chairman, president and CEO. “We look forward to the strong margin and earnings potential this new product will generate for Cliffs shareholders.”
Capstone Mining Agrees to Sell Kutcho Project
Capstone Mining Corp. has entered into a definitive share purchase agreement to sell its Kutcho development project to Desert Star Resources Ltd. Under the terms of the agreement, Capstone will receive C$28.8 million in cash, common shares of Desert Star representing 9.9% of the issued and outstanding shares upon completion of the transaction, and will have the right to nominate one representative to the Desert Star board of directors under certain circumstances.
NAP Extends Mine Life at Lac des Iles
North American Palladium (NAP) has announced the results of a feasibility study that includes a new life-of-mine plan for its Lac des Iles mine in northwestern Ontario. Highlights of the study include mining a total of 37.7 million mt from surface and underground sources over a 9.5-year mine life at an average grade of 2.21 g/mt palladium and containing 2.68 million oz of palladium.