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Osisko Metals Inc V.OM

Alternate Symbol(s):  OMZNF

Osisko Metals Incorporated is a Canada-based exploration and development company. The Company is engaged in the exploration and evaluation of base metals properties with a focus on copper and zinc mineral assets located in Canada. The Company’s projects include the Gaspe Copper project, the Pine Point project, and Mount Copper Expansion project. Its Gaspe Copper project is located near Murdochville in the Gaspe peninsula of Quebec including the copper mountain expansion deposit that hosts a NI43-101 inferred resource of 456 Megaton (Mt) grading. The Company’s Pine Point project is located on the south shore of Great Slave Lake in Canada’s Northwest Territories. It is based on current mineral resource estimates, which is an open pit and shallow underground mining and consist of 12.9 Mt grading. Its Mount Copper Expansion project is a copper resource property, which is located in Eastern North America. The Company’s subsidiary is Pine Point Mining Limited.


TSXV:OM - Post by User

Bullboard Posts
Post by digger144on Oct 04, 2012 1:19pm
476 Views
Post# 20448133

Latest News...

Latest News...

Release in French:

MALARCTIC - Incapable de faire accepter un sautage exceptionnel de 940 000 tonnes de roche et d'une durée de 37 secondes par le ministère de l'Environnement, la minière Osisko a décidé de réduire les activités de sa mine Canadian Malartic.

Le ministère aurait mis un frein au dynamitage de 37 secondes, qui devait avoir lieu à la mi-septembre. Québec veut avoir des informations supplémentaires. La minière affirme de son côté que ce dynamitage est essentiel pour la suite de ses activités et pour assurer la sécurité de ses employés.

« Cette importante étape nous empêche d'aller plus loin dans nos opérations et d'accéder à la fosse », a dit Hélène Thibault, responsable des communications chez Osisko.

Environ 200 employés sous-traitants de la minière sont touchés par le ralentissement. La mesure ne toucherait pas le personnel de la minière, qui est affecté à d'autres tâches pour l'instant.

« Nous sommes contraints de réorganiser nos travaux, donc pendant quelque temps nous devons réaffecter nos employés à différentes tâches », a précisé la porte-parole.

Les travailleurs et les acteurs concernés ont été avisés de la situation. La minière poursuit les pourparlers avec le ministère.

« Les autorités nous demandent de l'information supplémentaire, a précisé Mme Thibault. On a demandé une rencontre. En attendant, on fournit les renseignements complémentaires que nous réclame le département ministériel régional. » 

English:                                                                                                                                                     

Malarctic - Unable to accept a blasting outstanding 940,000 tons of rock and a duration of 37 seconds by the Ministry of Environment, Osisko Mining has decided to reduce the activities of its Canadian Malartic mine.
The department would put a brake on blasting 37 seconds, to be held in mid-September. Quebec wants additional information. The mining claims in turn that blasting is essential for the continuation of its activities and to ensure the safety of its employees.

"This important step prevents us from going further in our operations and access to the pit," said Hélène Thibault, head of communications at Osisko.

Approximately 200 employees of sub-contractors are affected by the mining downturn. Not affect the extent of mining personnel, who are assigned to other tasks for now.

"We are forced to reorganize our work, so for some time we reassign employees to different tasks," said the spokesman.

Workers and stakeholders were advised of the situation. The mining continues talks with the ministry.

"The authorities ask us for additional information, said Ms. Thibault. We asked for a meeting. Meanwhile, it provides additional information that we claim the regional government department. '

French:

Le maire de la ville de Malartic, André Vézeau, s’est dit déçu de la tournure des évènements. « Je trouve ça préoccupant pour les familles des travailleurs. Les fournisseurs sont les premiers à écoper et si ce n’est pas réglé rapidement. Les employés de la mine pourraient également en subir les conséquences », a-t-il déploré.

Plusieurs acteurs de la région ont manifesté leurs inquiétudes à ce sujet, dont la Chambre de commerce de Val-d’Or ainsi que la Corporation de développement industriel de Val-d’Or.

English:

The mayor of the town of Malartic, André Vézeau, said he was disappointed by the turn of events. "I think it's a concern for working families. Providers are the first to bail and if this is not resolved quickly. Employees of the mine could also suffer the consequences, "he said.

Several actors in the region have expressed their concerns about this, including the Chamber of Commerce of Val-d'Or and the Industrial Development Corporation of Val-d'Or.

Yes...there is uncertainity in the market place due to the latest turn of events.  However, I am very confident that the situation will be resolved.

The issue at hand has not led to the suspension of the mining operations...it all has to do with the size of the blast that will be allowed.   The company would like to move to a much more aggressive blast in terms of tonnage....the Ministry is concerned about the enviromental impacts of such a blast...in otherwords...dissipation of the blasting agents used.  If they do not dissipate properly and remain concentrated for an extended period of time, they could be harmful to the local residents that are located in very close proximity to the Open Pit Operations.

They will come to a compromise!

Digger144

P.S.  I would really like to know what daily tonnage they can mine as is...perhaps they will use the government decision to cut-down on the contractors....sooner than expected.

 

 

 

 

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