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A Family Affair
Dr. Norman B. Keevil (b. 1938) Inducted in 2004
Canadian Mining Hall of Fame
[Dr. Norman B. Keevil]
As a scientist, an explorationist, an entrepreneur, an innovator and a mining leader, Dr. Norman B. Keevil has contributed mightily to his industry, his province, and his country.
Teck Corporation started life with a few small gold mines in Ontario and Quebec. Thirty years ago its revenues were $11 million, mainly from oil, and its assets amounted to $48 million.
After a number of amalgamations, a move to Vancouver from Toronto, a merger and a name change, Teck Cominco today is a diversified mining and refining company. It mines gold, base metals and coal in Canada, the U.S. and Peru, and refines metals in Canada and Peru. It is the world’s largest zinc miner. In 2002 its revenues were over $2 billion, and its assets were valued at over $5 billion.
Born in Cambridge, Massachusetts, where his Saskatoon-born father was undertaking research at Harvard, Keevil obtained a B.A.Sc. in applied geology from the University of Toronto in 1959, and a Ph.D. from the University of California (Berkeley) in 1964. He joined Teck in 1962. In 1981 he became President and Chief Executive Officer, then chairman and CEO in 2000, and non-Executive Chairman in 2001.
According to Keevil, there are three things necessary to build a successful mining company: good orebodies, the financial capital to develop them, and good people.
This philosophy obviously works, for Teck Cominco has built successful mines across Canada, in British Columbia, the Yukon, Ontario, Quebec and Newfoundland, and in more recent years in Australia, Chile, Peru and the United States.
Keevil is a shrewd deal-maker with an uncanny ability to recognize emerging situations in their early stages, for example, the Northeast B.C. coal developments, the Hemlo gold camp, and Voisey’s Bay. In 1986 Teck surprised the corporate community by joining with Metallgesellschaft and MIM to buy a 31% interest in Cominco Limited. Eventually Teck bought out its partners. In 2001 it increased its interest to 100%, and Teck Cominco was born.
For decades, Norman Keevil has had the reputation of dealing fairly with prospectors and junior mining companies. His pursuit of win-win scenarios has made Teck the “Partner of Choice” for many of them.
Throughout times of volatile metal prices and difficult financial circumstances he has worked with government and others in the industry through the Mining Association of Canada to bring benefits to the entire industry that might otherwise not have been. As Chairman of MAC he also made a significant contribution to the development of MAC’s Environmental Policy.
On many occasions, particularly in B.C., Keevil has taken the lead in organizing industry support of positive government initiatives, just as he has taken the lead in providing constructive criticism of negative government policy.
He has built bridges between academic research and industry. He is an avid supporter of the Mineral Deposits Research Unit at the University of British Columbia. Teck Cominco established the Norman B. Keevil Chair in Mineral Exploration at UBC, raising the level of research activity and the profile of mineral exploration.
In addition to his support for UBC, Keevil helped to establish the Teck Chair in Exploration Geophysics at the University of Toronto, a Canadian Mining Chair at the Mining Centre of the Engineering Faculty of the Pontificia, Universidad Catolica de Chile, and a scholarship in earth sciences at the University of Western Ontario.
Dr. Keevil’s business acumen, his vision and his leadership, relating to mining industry and broad-based community issues as well as his own company, have produced a remarkable inductee for the CMHF. In this, he follows in the footsteps of his father, Dr. Norman B. Keevil Sr, who was inducted into the CMHF in 1990, yet he walks his own distinguished path.
Link: http://mininghalloffame.ca/inductees/2004-2006/dr._norman_b._keevil1/
A 24-Karat Safety Net for Investors
NY Times Article Business Section
http://www.nytimes.com/2010/11/10/business/10gold.html?hp
Chart is looking real good!
Nice EOD activity.
"24 mil tons of NB205."
"At $19.75-$23.00 per pound....... Do the math. It is way too many 0's for me"
Nice post!
I like your logo! Person mark 4 u.
Golden location!
3,489,128 0.0245 +0.003 +13.95%
The Company also plans to bring shareholders up to date shortly on progress at its 100% owned Nemegosenda niobium property and ongoing corporate and strategic initiatives.
Good PR, more news to come!
Policymakers Panicked as China Rare Earth Ban Extends to the West October 28, 2010
By Jason Simpkins, Managing Editor, Money Morning
"China for months has blocked shipments of rare earth metals intended for Japan in retaliation for a regional dispute. Now, China appears to have expanded its rare earth embargo to include Western countries - a move that has U.S. and European authorities scrambling to formulate a backup plan.
Rare earth metals are essential to the production of high-tech devices like computers, display screens, smart bombs, and hybrid-car batteries. And despite their name, rare earth metals aren't particularly rare. However, they are difficult to produce and many rare earth production companies have moved their operations to China to capitalize on cheaper extraction costs and the nation's commitment to growing its alternative energy sector.
China, which has one-third of the world's rare earth deposits, accounted for 97% of global production last year. Of course, the near-total monopoly China wields over the sector wasn't a major concern until just a few months ago when the country cut its production and export quotas."
link to full article: http://moneymorning.com/2010/10/28/china-rare-earth-metals/
Absolutely. Nice find Mr. Birdman.
Here are the fish: "The Rare Earth Elements (REE), a group of seventeen metals crucial to much 21st century technology, have been hot news recently. The number of applications for the metals is spiralling and demand is rising. But China, which produces 97% of world supply, has cut its export quota by 72% for the second half of 2010 and announced that it has only limited resources of the critical 'heavy' rare earth metals. Meanwhile recognition of the strategic importance of rare earths is growing. An act was recently tabled in the US to take all necessary initiatives to reintroduce a domestic rare earth supply chain so as to ensure a secure source of these vital metals. Countries such as Korea and Japan, both heavily dependent on the metals for hi-tech manufacturing, are scrambling to secure future supplies. Prices of the rare earths are soaring, up on average by 300% between January and August 2010, with the rises for each individual metal ranging from 22% to as much as 720%."
I am going to acquire more shares, I just need a bigger net!...lol
GLTU!
Link: http://www.proactiveinvestors.com.au/companies/news/10742/rare-earth-elements-the-seventeen-metals-crunch-10742.html
"Shining Tree, another rocket on the launch pad ready to explode into the blue"
Very true Mr. Chuck!
GOLD is glistening right now...
GLTU
WE reading: "Strictly speaking there are seventeen REEs, however there is also a broader range of ‘hard to find’ strategic metals, such as Tantalum, Niobium, Palladium and Germanium.
In terms of geo-politics the Rare Earth story is particularly intriguing.
“China’s dominance in the supply of REs means it is able to act as a monopoly producer in the short run,” Darby said."
Link:http://www.proactiveinvestors.co.uk/companies/news/21706/chinas-precious-metals-rare-earth-boom-outpaces-gold-and-oil-rallies-21706.html
Blockbuster news to come for SRSR, imo.
GLTA
Correct: "this report was written for only one purpose to get the CTO lifted."
Thanks, Clay! Holding at 200 wk moving avg.
"They've VALIDATED the historical claims and disposed of the BCSC issues"...as DSU has noted. That is my belief too. Onward and upward,imo.
GLTU
No worries for me, in fact I see this as a major buying op..read the PR closely, we have tons of valuable elements and metal vitamins in the ground; Shining Tree and Dahlman Rose; oh yeah, ..we got us a KEEVIL too! Any forthcoming news could spark this baby like a blazing forest fire; and I for one, plan to load up -funds permitting.
Don't you know that mgmnt knew this all along and are setting in place a master plan for bigger and better corporate projects and shareholder value?
-Just my 2 cents.
Best wishes to all Longs!
A wise CEO once said: "Chin UP!"
Agreed. Very good things to come for SRSR.
GLTU
Big boom for rare and minor metals: commodities
"IRON ore and coal prices look impressive until compared with exotic substances called rare and minor metals (RMMs).
To misquote Crocodile Dundee: "That's not a commodity boom. This is a commodity boom."
RMMs are driven by the same China factor, but unlike our bulk commodities, the dynamics are more complex than simply, "we sell, they buy".
RMMs include lithium, niobium, tantalum, tungsten, zircon-zirconium and rare-earth elements (REEs). While hardly household names, they're used for countless industrial applications, many of them clean-tech, such as next-generation batteries."
* CRITERION: Tim Boreham
* From: The Australian
* September 29, 2010 12:00AM
Link: http://www.theaustralian.com.au/business/wealth/big-boom-for-rare-and-minor-metals-commodities/story-e6frgacx-1225929108544
I slapped the ask and picked up 24000 (shown as 12+12). Go SRSR!
-Bargain basement prices as far as I'm concerned
Happy BD Scott and mining more...rather, many more!!!
China Hold on Metals Worries Washington
From the article:"Over the past year, China has imposed global export quotas on the elements. Its Commerce Ministry has said total exports for the year would be capped at just under 30,300 metric tons, down 40% from last year. Only 7,976 tons of that were allocated for the second half of this year. Experts say much of that has already been shipped.
That has spurred anxiety among government officials and industry executives. Delegations from the U.S., Germany, and Japan have implored Beijing to recognize how critical they consider sustained supply."
Link: http://online.wsj.com/article/SB10001424052748704062804575510112116972510.html
Happy W.E. reading!
OK, after next paycheck so I can get more cheapies; so 10/4!
.09
LOL. Too funny.
I thought Merle was going to say that all the old brass doorknobs were being replaced by sparkling new NIOBIUM doorknobs. They last lifetimes...
:)
Supply crisis offers rare opportunity in Rare Earth Elements
Published on: September 08, 2010 at 14:00
"While worldwide demand for rare earth elements has risen steadily in recent years with the increase in mobile phone and digital music player sales as well as alternative energy projects, production has not kept pace with this increase. In large part, this stems from the fact that rare earth mining gradually shut down in most parts of the world over the past few decades because China was able to sell these elements so cheaply. Today, that nation produces more than 97 percent of the world’s rare earth elements, with India and South Africa conducting the remainder of rare earth mining operations at present."
http://www.commodityonline.com/news/Supply-crisis-offers-rare-opportunity-in-Rare-Earth-Elements-31571-3-1.html
Dyn-a-mite! lol.
Nice find, "Mr.Peterson has had extensive experience in Northern Ontario with the mining industry as President and then Chairman of
Nordex Explosives Ltd," Here is the website: http://www.nordexexplosives.com/
Connect the dots...
As per the latest PR, Updated Report to come out very soon: "Billiken Management Services Inc., has been retained to prepare updated Technical Reports on the Nemegosenda project. The 1st updated report is expected to be completed in August."
Nice SRSR GREEN day in a sea of RED!
Nice #'s Jim, SRSR looking Good!
GLTU
Nice volume, many eyes on SRSR
DAHLMAN ROSE & COMPANY, LLC (MEMBER: FINRA/SIPC) is a privately owned investment bank focused on growth industries that are the direct beneficiaries of global trade, infrastructure development, and urbanization. We provide value to our clients by focusing our resources on building relationships and developing market intelligence in a manner that delivers a deeper, more comprehensive view of the market. The bank’s economic thesis is that a dramatic escalation in the demand for commodities and finished products driven by emerging economies has placed a strain on commodities, infrastructure, and transportation capacity. That strain, coupled with underinvestment in capital-intensive, natural resource supply chain verticals, created a void the bank has sought to fill.
Nice PR!
Very cool.
Mr. Peterson has extensive managerial experience in the environmental, high technology and resource sectors. He has served on the Boards of Directors of four public companies and has extensive contacts in India and China. Following on the successful political careers of his older brothers, one of whom served as Premier of Ontario, and the other as International Trade Minister for the federal Government, he was elected and served as the Member of the Provincial Parliament of Ontario for Mississauga South from 2003 to 2007.
-I'm sure a phone call or two from Mr. Peterson's influential contacts will set things aright, imo.
No problems
Green: $0.034 +.0015 (4.62%)
Paving the way to the JV theory has very credible merit, imo. Keevil is extremely well respected, royalty in the mining community, the newly formed Board of Directors has some "Rock Stars" on it... good things coming, imo.
Personmark for you (if I have not done so already!)
My hunch is that volume is on the way soon..Big Time!