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January 08 www.bus-ex.com 25 AdanacMolybdenum weapons grade; some military agencies use moly in the making of ballistic missiles. The moly produced at the Ruby Creek mine beginning in 2009 will be a molybdenum disulphide concentrate, suitable for refi ning to technical grade or ferro-molybdenum. About 7.6 million tons of ore per year will be processed to produce about 10 million pounds of moly. The commodity price of moly has already risen in 2007 from $25 to $35 per pound. Adanac Molybdenum president & CEO Michael MacLeod points out there hasn’t been a moly mine operation built in the western world in three decades, “so as a result most molybdenum has been recovered as a byproduct, mainly from porphyry copper mines. So this lack of investment on the supply side has led to a shortage.” In September 2007 Adanac received its environmental assessment certifi cate from the government of British Columbia to proceed with the project. “Up to that point we’d done our engineering and taken some calculated risks in terms of preordering equipment in advance of the certifi cate, because the equipment is on the critical path downstream,” says Macleod. Ruby Creek will be an open pit mine using conventional equipment and processes. AMEC Americas Limited has been contracted for the detail engineering and procurement aspects of the project which has been on-going for the past year and Klohn Crippen Berger Limited has prepared the detailed design for the tailing storage facility and site water management. “Both will be with us right through the construction period,” says Macleod. Ledcor CMI Limited was initially contracted for construction management, he says, “which is working its way to a general contracting arrangement, whereby they take over the general construction of the site.” Adanac and Ledcor are making diligent efforts to involve local and regional contractors and maintain a high level of community support. Already underway with work on access roads and site development, the construction of the mine is expected to take about 18 months, with production of moly concentrates expected to begin in early-to-mid 2009. The construction workforce is expected to peak at around 650 people, likely in summer of 2008, and the mine itself will employ 200-250 people depending on the mining rate of the project. The mine is expected to have a life of at least 20 years. “That was one of the guiding criteria in the structure of our business plan, because it demonstrates to the community that we’re a long term player, which tends to mitigate the pillage reputation that taints and haunts the mining industry.” Since Ruby Creek lies in the traditional territory of the Taku Tlingit First Nation, Adanac has held some careful, critical talks with them to build a mutually beneficial working relationship for the long term. “We want them to fully understand what this project is about, and to make an informed decision about the value of the project and disturbances to their fragile environment. For three years we’ve worked hard to develop a good relationship and this will continue. We’re also trying to be an active member of the Atlin community. We listen to what the band and Atlin residents say they would like to see from the project, and we try to incorporate that into our planning. It certainly minimizes the potential for downstream difficulties. And frankly it’s good business practice to listen to the local communities, because it’s their home we’re talking about.” The relationship between the mining industry and native peoples has been a sore point in the past. Some companies assumed that offering them jobs at a decent wage and a fair share of the revenue stream was enough, but today mining The Ledcor Group of Companies, now celebrating its 60th year, works in a diverse range of construction projects throughout North America. Our team of accomplished personnel, innovative approach, and the breadth and scope of our work has resulted in repeat clients, award-winning projects and a depth of experience that makes us an industry leader. For more information, visit www.ledcor.com Ledcor Group Humboldt Wedag Coal & Minerals Technology GmbH, Germany—member of KHD Humboldt Wedag-Group— is one of the leading machine suppliers to the minerals and coal processing industry worldwide with special know-how and proprietary technologies in crushing, grinding and sorting. Delivery scope covers engineering, supply and customer support. Jigging technology with ROMJIG® and BATAC® jig, fl otation with PNEUFLOT®, magnetic separation with JONES® and PERMOS® and grinding with KHD Roller Press are examples of the innovative technology offered. The contract for the supply of two KHD Roller Presses for Adanac’s Ruby Creek Molybdenum Project is also a result of the intensive test work on rock samples supplied by the client and undertaken with the Roller Press pilot machine in KHD’s test center. Humboldt Wedag