Page 16 raw materials for steelmaking and the world s second lar gest producer of nickel which is used to produce stain less steel and metal alloys employed in the production of aircraft autos mining and ener gy equipment mobile phones batteries special batteries for hybrid electric vehicles and several other products It also produces manganese ferroal loys thermal and coking coal cop per cobalt platinum group metals and fertilizer nutrients important raw materials for the global industrial and food production industries Its main goal is to maximize share holder value By Gregory Reynolds The Sudbury mines of GlencoreXstrata are expected to last until 2021 but the company is hopeful exploration will extend that deadline In its Resources and Reserves Report as of Dec 31 2013 the company said The total mineral reserve and resource tonnage decreased from 2012 due to produc tion Cutof f grades are calculated for each individual mine site or resource based on a metal equivalent or net smelter return value taking into account all recoverable metals Ni Cu Co Au Ag Pt and Pd The current LOM Life of Mine plan based on reserves eral resources and exploration potential provide an op portunity to extend mine life well beyond 2021 Mining companies long laggards in appointing women to their boards are starting to catch up under pressure from corporate governance groups and activist share holders The latest is Glencore Plc the Swiss commodity trader which on June 26 appointed mining executive Patrice Merrin Prior to her arrival Glencore was the last company left woman director Merrin s appointment to the board of Glencore and her public endorsement of a goal of appointing women to a third of all board seats is a milestone for the 80 billion company run by billionaire Ivan Glasenber g and may open opportunities for more women directors Glencore s Sudbury Integrated Nickel Operations consist of under ground mines a mill and a smelter The company has been mining nickelcopper ores in the Sudbury area of Northern Ontario since 1929 The facilities are spread throughout the 60 kilometre long ovalshaped geological formation known as the Sudbury Basin Nickel and copper are the primary metals but cobalt and Glencor e s 2 Sudbury mines expected to last until 2021 fundamentals of minerals and metals given our worldclass longlife and low cost assets a wealthy of growth options in various segments of the metals and mining industry supplied by an exciting project pipeline and a global multicommodity mineral exploration program a long and suc cessful track record in project devel opment Contd on pg 18 Contd from pg 14 Main goal of V ale is to maximise shar e holder value SUDBUR Y MINING REPOR T 2014