Page 54 B y K e vin V inc ent Little has changed no w tha t one of nor th w est er n On tar io s lar gest emplo y ers is under new managemen t heading in t o the new decade S outh A fr icabased I m pla ts is the new oper a t or of the Lac des I les pr oper t y P r ior t o the 2019 deal Lac des I les w as o wned and op er a t ed b y Nor th A mer ican P alladium L t d T he mine has been a fx tur e in the T hunder Ba y r eg ion f or mor e than a quar t er c en tur y T he mine is loca t ed 106 k ilometr es nor th w est of the cit y I t has oper a t ed sinc e 1993 with both sur fac e and under g r ound mining T he c ompan y s la t est t echnical r epor t indica t es tha t mine lif e is e x t ended b y one y ear t o 2027 with a v er age under g r ound pr oduc tion incr easing fr om 6000 t o mor e than 12000 t onnes per da y tpd and includes 409 million t onnes of under g r ound and sur fac e r e ser v es a t an a v er age palladium g r ade of 231 gt yield ing 232 million ounc es of pa y able palladium pr oduc tion T ha t s good new s f or the mine s 700 emplo y ees and the man y suppliers and ser vic e pr o viders in the r eg ion W e look f or w ar d t o benefting fr om the t echnical op er a tional and fnancial r esour c es of a global c ompan y as w e c on tinue t o pursue our palladium pr oduc tion dev elopmen t and e xplor a tion objec tiv es in C anada said I mpala C anada CEO T im H ill in a D ec 13 new s r e lease I mpla ts CEO and e x ecutiv e dir ec t or N ic o M iller added tha t the ac quisition of Lac des I les goes a long w a y t o w ar d I mpla ts Gr oup bec oming a sustainable PGM pla y er L ac des Iles Mine O v er the past thr ee y ears w e ha v e dev eloped a str ong understanding of the C anadian oper a tion and its man agemen t t eam and ar e enc our aged b y its f ocus on pal ladium its r eliable g r o wth pot en tial its highly engaged t eam and the r ev enue gener a ting pot en tial of the Lac des I les M ine T his ac quisition is a positiv e dev elopmen t f or I mpla ts and our stakeholders T he deal bet w een Nor th A mer ican P alladium and I mpla ts w as fully appr o v ed in ear ly D ec ember 2019 I mpala C an ada is the c ompan y s ofcial oper a t or a member of the I mpla ts Gr oup W e ar e pr oud t o pla y a sig nifcan t r ole within a lar ger in t eg r a t ed global PGM pr oduc er W e ar e c onfden t tha t Lac des I les will c on tinue t o be one of C anada s lar gest lo w est c ost and saf est under g r ound mines pr oducing a metal tha t c on tr ibut es t o a cleaner global en vir onmen t W e look f or w ar d t o benefting fr om the t echnical oper a tional and fnancial r esour c es of a global c ompan y as w e c on tinue t o pursue our palladium pr oduc tion dev elop men t and e xplor a tion objec tiv es in C anada said H ill I n the mean time palladium oper a t ors ar e r eaping the benefts of a str ong mar ket f or the metal M ost analy sts ar e suggesting the cur r en t supply defcit is going t o c on tinue as demand c on tinues t o r ise the per f ec t st or m f or a st eady uptick in the metal s v alue A t the time this ar ticle w as pr oduc ed the pr ic e f or palla dium w as ho v er ing a t about US2500 per ounc e P la tinum and r hodium ar e enjo ying the same pr ic e sur ge full st ea m ahead N e w o wners of Page 55 T ogether with FRF Hydraulics P ALFINGER ofers a complete range of shor t column and knuckleboom cranes designed specifcally for the mining industr y to help heavy equipment dealers assemble and ser vice mining machiner y like excavators bull dozers giant dump trucks rock trucks and loaders 4 3 1 H e n r y S t r e e t B r a n t f o r d O N w w w f r f c a nad a c om B UI L T F O R TH E U ND E RG RO U ND U nderground or open pit P ALFINGER has the right crane for your mining application C O N T A C T TE R R Y J A ME S 5 1 9 75 2 2 2 2 8 Reduce the cost of wear Convey aggressive media Pump slurries with very high solids content Transport highly abrasive dense and viscous media S ave time and money on maintenance Applications Slurry transfer including coal water mixtures Thickener underow Dewatering Backlling Yellow cake Leachates TORNADO T2 Rotary Lobe Pump NEMO Pr ogr essing Cavity Pump Dewatering Skids NETZSCH Pumps in the Mining Industry Challenge us We offer Proven Pumping Solutions NETZSCH Canada Incorporated 17057978426 ntcnetzschcom wwwpumpsnetzschcom Wastewater treatment Explosive metering Gland seal water Chemical metering C M Y CM MY CY CMY K Mining half page 75 x 478 live areapdf 1 9182019 101725 AM