Energy & Mining International - Fall/Winter 2012 - (Page 118)

E M I N E W M I L L E N N I U M I R O N C O R P. CAN ADA FA L L / W I N T E R 2 0 1 2 Ironing Out New Progress The production of blast-furnace-grade iron ore is just the beginning of mining and processing operations in Canada’s premier iron region. [ BY RUSS GAGER ] New Millennium is constructing a dome for the iron ore. benefication plant so it can operate year-round.. • Schefferville, Quebec “We have enough iron ore resources to develop at least one or more new projects.” // DEAN JOURNEAUX, president and CEO Celebrating a milestone anniversary in 2013, New Millennium Iron Corp. has been exploring and obtaining extensive properties in Quebec and Labrador for iron exploration, mining and processing for nearly a decade. In a joint venture with Tata Steel, the company began open-pit mining in September of iron ore that will be processed and directshipped to Tata Steel for use in its European steel plants. From the 1950s to the 1980s, directship ore (DSO) was mined and then also shipped as-is after processing from the Menihek Region of the iron-rich Labrador Trough by the Iron Ore Co. of Canada. “In those days, all they did was crush and screen the ore,” President and CEO Dean Journeaux recalls. “Now we’re going to upgrade it from 59 percent to 64.5 percent iron, which is what the steel companies would like to have. The higher the iron content, the better for the steel companies, so 64.5 percent is quite acceptable.” To supply that higher percentage of PROFILE New Millennium Iron Corp.. | HQ: Montréal, Canada Working capital: $74 million; market capitalization $306 million | Employees: 40 Part-time consultants: 100 Specialty: Iron ore mining and processing iron, a beneficiation plant is being built at a mine site with more than 25 DSO deposits on the border of Labrador near Schefferville, Quebec, by the Tata Steel – New Millennium Iron joint venture, called Tata Steel Minerals Canada (TSMC). The plant – construction of which began in March and will be completed in 2013 – will operate year-round. Because winter temperatures in the area can drop to minus 40 C to minus 50 C, such operations in the past have been seasonal. But TSMC’s entire plant will be built under a fabric dome measuring 170 meters long by 110 meters wide and 35 meters high that will enable it to operate year-round. The $475 million project will send 4 million tonnes of ore annually through a series of screens, spirals, jigs and wet high-intensity magnetic separators to remove impurities, mainly the silica. The New Millennium plant sizes the ore coarser for sintering or finer for pelletiz- 118

Table of Contents for the Digital Edition of Energy & Mining International - Fall/Winter 2012

Energy & Mining International - Fall/Winter 2012
Guiding Voice
Worldwide Presence
Digging South of the Border
Honoring the Best
The Williston Basin
Whiting Petroleum Corp.
Breitling Oil and Gas
HDC Development Cos.
Aspen Air U.S. Corp.
Synergy Resources Corp.
Advanced Engineering and Environmental Services Inc.
Enviro Shield Products Inc.
Savage Services
T&R Transport
Boyd and Sons Construction
Roers Construction Inc. – Roers West LLC
J. Koski Co.
Pat’s Offroad Inc.
Tollberg Homes
Wildcat Minerals
Environmental Materials Inc. and Warren Transport Inc.
Borsheim Crane Service Inc.
Central Machining and Pump Repair
Hive Built Homes – Hive Modular
Jericho Services
Kuntz Builders Inc.
MT Rigmat LLC
Steffes Corporation
Wells Concrete
Annabelle Homes - Bakken Shale
Oil Pipeline Blues
Canada Focus
Orbite Aluminae Inc.
New Millennium Corp.
Dynacorp Fabricators Inc.
PCL Contractors
Colter Energy Services Inc.
Zargon Oil and Gas Ltd.
Prodigy Gold Inc.
Rambler Metals and Mining PLC
Innovator Industrial Services
TWD Technologies
Veresen Inc.
Columbus Castings
Comstock Mining Inc.
MS Energy Services
White Star Pump Co.
Golden Queen Mining Co. Ltd.
Pershing Gold
Summit Casing Equipment
Black Hawk Energy Services
Timberline Drilling Inc.
Butch’s Rat Hole and Anchor Service Inc.
Calfrac Well Services
Geoprobe Systems®
Pacific Energy Development
Crocodile Gold Corp.
Gold Standard Ventures Corp.
GreenHunter Water LLC
Preferred Sands
Romarco Minerals Inc.
The Final Shot

Energy & Mining International - Fall/Winter 2012