Search Documents

The information in this document has been prepared as at February 16, 2011. Certain statements contained in this document constitute ?forward-looking statements? within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward looking information under the provisions of Canadian provincial securities laws. When used in this document, the words ?anticipate?, ?expect?, ?estimate?, ?forecast?, ?will?, ?planned?, and similar expressions are intended to identify forward-looking statements or information. Such statements include without limitation: statements regarding timing and amounts of capital expenditures and other assumptions; estimates of future reserves, resources, mineral production, optimization efforts and sales; estimates of mine life; estimates of future internal rates of return, mining costs, cash costs, minesite costs and other expenses; estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; statements and information as to the projected development of certain ore deposits, including estimates of exploration, development and production and other capital costs, and estimates of the timing of such exploration, development and production or decisions with respect to such exploration, development and production; estimates of reserves and resources, and statements and information regarding anticipated future exploration; the anticipated timing of events with respect to the Company's minesites and statements and information regarding the sufficiency of the Company's cash resources. Such statements and information reflect the Company's views as at the date of this document and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements and information. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements and information. Such risks include, but are not limited to: the volatility of prices of gold and other metals; uncertainty of mineral reserves, mineral resources, mineral grades and mineral recovery estimates; uncertainty of future production, capital expenditures, and other costs; currency fluctuations; financing of additional capital requirements; cost of exploration and development programs; mining risks; community protests; risks associated with foreign operations; governmental and environmental regulation; the volatility of the Company's stock price; and risks associated with the Company's byproduct metal derivative strategies. For a more detailed discussion of such risks and other factors that may affect the Company?s ability to achieve the expectations set forth in the forwardlooking statements contained in this document, see the Company's Annual Report on Form 20-F for the year ended December 31, 2009, as well as the Company's other filings with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission. The Company does not intend, and does not assume any obligation, to update these forward-looking statements and information. Marc Legault, a Qualified Person and the Company?s Vice-President, Project Development, reviewed the technical information disclosed herein. For a detailed breakdown of the Company?s reserve and resource position see the February 16, 2011 press release on the Company?s website. That press release also lists the Qualified Persons for each project.

May 1, 2011

Agenda ?The Context ?The Challenge ?The Solution ?Benefits and lessons learnt from pilots ?Next Steps The Context ?Facilitate management decision making process by supporting the development of value/risk based business cases. ?Large scale investments by extractive industries are expected tobring broad-based benefits to local communities (e.g.: health, education, jobs, infrastructure) ?Investors continue to expect the demonstration of social performance?Specific interventions bring direct value to companies (e.g. skills development) ?Social Investments are key to protecting a company?s license to operate ?Quantifying the value of these investments and planning accordingly, however, has long posed a challenge for the extractive industries and community development practitioners

May 1, 2011

By Ali Roshanfekr

Linear mine-waste dumps at open-pit mine sites essentially represent expedient places to deposit large quantities of waste rock. Being in valleys in most cases, the effect of the water flowing through and out of the deposit often raises questions about their hydraulic behaviour and geotechnical stability, especially the zone of the downstream toe. In order to provide better tools to assess the behaviour of these dumps a laboratory and analytical study was conducted. Firstly, physical models were built to assess the flow capacity and hydraulics associated with the linear growth of such dumps. It was found that the elevation of the point of first-emergence on the downstream side becomes constant after the dump grows to a certain length, but that the upstream depth concurrently increases. The limits of applicability of the theories of Hansen et al. (1995, 2005) are discussed in this regard. Secondly, in analysing the seepageface downstream, two approaches for solving this spatially varied flow (SVF) problem were undertaken. Under one of the approaches links to SVF depths were merely made to the hydraulic heads of the body (interior) and flux was calculated using conventional surficial nodes after the fact, Under the other approach flux nodes were used to link the SVF algorithm to the hydraulic heads further ?inside? the body of the rockfill. Although there are inherent uncertainties, it was found that these two methods can be made to perform equally well. Research continues but it appears that a linear variation in depth can be assumed without inducing any unrealistic exit gradients in the zone of primary concern with respect to unravelling.

May 1, 2011

By H. J. McQueen

ORDER OF PRESENTATION ?INTRODUCTION TO THE VICTORIA BRIDGE ?REASONS FOR A BRIDGE AT MONTREAL ?RAILROAD BRIDGE REQUIREMENTS ?IRON PRODUCTION CANADA / WORLD AL ?METALLURGICAL INDUSTRY CANADA ?FAIRBAIRN, STEPHENSON SHIP PLATE-RIB BOX GIRDER ?VICTORIA BRIDGE (PREFABRICATED BRITAIN) ?IRON ORE SITUATION THE VICTORIA BRIDGE 1859, TUBULAR -WROUGHT IRON* 1898, TRUSS ?STEEL* (*HOT RIVETED) 1957, SPUR, LIFT SPANS ??DUCTILE WROUGHT IRON WITHSTANDS FATIGUE ?TO KEEP THE TRAINS ON TIME & ON TRACK? ??IMMOVABLE SHARP PIERS SPLIT ?THE IRRESISTIBLE ICE, STOPPED CITY FLOODS? ? ?********* ??111 YEARS-YOUNG STEEL TRUSS, (1898): ?STILL VITAL SEA-T0-SEA RAIL LINK? ? ?********* ??51 YEARS HAVE PASSED SINCE SEAWAY (1958) ?SWITCHED BRIDGE INTO DOUBLE LIFT SPANS?

May 1, 2011

By Shahé Shnorhokian

A study was conducted on the seismic activities and associated rockburst events that took place at an underground Canadian metal mine over a period of five years. In the first stage, a back analysis of the microseismic database led to the identification of clusters of major events. The locations of these clusters were identified with respect to the local geology and the planned mining sequence. In the second stage, a numerical model was constructed using the finite difference code FLAC3D to simulate the in-situ stress, mine geometry, local geology, and stope sequence. Mining-induced stress fields were compared against two rockburst events that took place during this period, as well as against the various geologic units present. It was shown that by combining microseismic analysis and numerical modeling, it was possible to provide a basis for evaluating the influence of the in-situ stress regimes and stope sequencing on mining-induced seismic response.

May 1, 2011

Forward-Looking Statements Information set forth in this presentation may involve forward-looking statements under applicable securities laws. Forward looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. Forward-looking statements or information relate to, among other things expected iron ore demand, timing for a production decision, expected share price drivers, potential railway options, timing, grade and quantity of potential resource estimates, employment and economic benefits, taxation estimates and timing of key project milestones. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risks associated with the need for additional financing; operational risks associated with exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel and other risks and uncertainties discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements. NI 43-101 Qualified Person Alderon?s exploration work on the Kami Project is supervised by Edward Lyons, P.Geo., the Chief Geologist for Alderon and a Qualified Person as defined byNational Instrument 43-101. Mr. Lyons has reviewed and is responsible for the technical information contained in this presentation. Mr. Lyons is a member in good standing of the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and the Professional Engineers & Geoscientists Newfoundland & Labrador (PEGNL) as a registered Professional Geoscientist (P.Geo.).

May 1, 2011

By Zbigniew J. Hladysz

A Deep Underground Science and Engineering Laboratory (DUSEL) is being planned at the site of the former Homestake Gold Mine in Lead, South Dakota, under the sponsorship of the US National Science Foundation (NSF) in cooperation with the US Department of Energy (DOE). This national facility will host a variety of multidisciplinary science and engineering experiments including physics experiments that require shielding from cosmogenic radiation. Geotechnical mapping was performed in 2010 in large excavations of the Davis Campus at the 4850 Level of the former Homestake Mine. LIDAR mapping included laser scanning using a red light laser scanner and 288 Mpixels 360° still camera. The resulting vector map with the photographs digitally draped over the model, was used to create an accurate, virtual model of the excavations. For model verification, the laser scanning was accompanied by surveying and manual mapping of the geology and rock structure. The immediate use of the model was to perform structural analysis and interpretation of geology needed for the design of the DUSEL?s super large excavations. The second round of scanning, after the application of shotcrete to the excavations walls, will be used as a technical blueprint to assess the effectiveness of shotcrete application.

May 1, 2011

By N. E. Mkadmi

Backfilling increases the stability of underground stopes and may help reduce the environmental footprint from the mining operation. The barricades holding the backfill in place must be designed to prevent failure based on the total and effective stress states, which depend on fill properties, stope geometry, and filling rate. This paper presents results from a numerical study aimed at analyzing the stress states associated with the response of paste backfill following stope filling, with an emphasis on the short term behavior. The simulations illustrate how stresses evolve with backfill drainage and filling rate in a vertical stope.

May 1, 2011

By Steven Townend

Mining-related activities have been known to create a challenging operating environment for mining companies located in close proximity to communities. Issues such as noise, vibrations from mining operations, land use and emissions are often a concern for community residents. In order to develop good community relationships it is necessary to take a proactive approach. This paper documents this approach and also deals with the social implications for Vale associated with mining activities in the heart of the community of Copper Cliff, Ontario, Canada.

May 1, 2011

By Denis Blackburn

La Direction générale du développement de l?Industrie minérale (DGDIM) du ministère des Ressources naturelles et de la Faune (MRNF) du Québec tient un inventaire de toute l?activité minière sur le territoire. Cet inventaire s?est enrichi, au cours des dernières années, d?un grand nombre de projets dédiés au fer ou à des substances qui y sont associées (titane, vanadium, phosphate). Actuellement, cinq régions du Québec sont principalement touchées par la recrudescence de projets dédiés au fer : Fermont, Schefferville, Baie d?Ungava, Baie-James et Chibougamau. Fermont et Schefferville sont les régions les plus actives. Les infrastructures en place, telles que les routes, les chemins de fer, les ports, les lignes électriques et les municipalités, ont atteint, dans certains cas, leur capacité et de nouvelles infrastructures devront être construites pour satisfaire les besoins. À la Baie-James et sur le flanc ouest de la Baie d?Ungava, des projets d?exploration sont aussi en cours. Le manque d?infrastructure pourrait peser lourd sur le développement de projets miniers dans ces régions. Enfin, dans le secteur Chibougamau/Matagami et à quelques sites ailleurs au Québec, des projets d?exploration qui visent le vanadium, le titane ou le phosphate pourraient aussi fournir comme produit secondaire des concentrés de fer. Tous les projets, décrits dans cet article, sont situés sur le territoire du Plan Nord du gouvernement du Québec.

May 1, 2011

By Joseph L. Fournier

Suncor Oil Sands employs delayed coking technology in converting bitumen into synthetic crude oil. Currently up to 10,000 m3 of delayed coke (coke) is produced per day as a byproduct of the upgrading process, of which up to 9,000 m3 per day is placed in dry storage on Lease 86/17. A review was completed to examine the case history of leachate potential experiments from the dry storage of coke and the environmental relevance of coke leachate studies conducted over the past decade. The review included an evaluation of the potential impacts of environmental conditions within the location of coke storage, including precipitation pH, as well as daily and annual ozone trends. Coke leachate potential has historically been characterized using standard leachate testing protocols (i.e., TLCP, SPLP) together with other studies that have employed strong acids and oxidizing agents in the extraction fluids. The present paper highlights prevailing conditions in the Athabasca Valley air-shed with emphasis given to ambient ozone (oxidizers), as well as precipitation pH and acid input deposition rates, and will demonstrate that TCLP / SPLP tests lack the intended environmental relevance relative to the conditions under which coke is stored.

May 1, 2011

By Gerardo Vargas

Without an adequate data sample there can be no Reliability Analysis (RA). Without analysis there can be no systematic, verifiable improvement in reliability or in operational economy. A sample is a collection of life cycles. A beginning and ending event define a failure mode life cycle. Well known obstacles impede the reliability engineer in his role to analyze maintenance data. The main problem lies in the difficulty to obtain analyzable data samples. Although modern Computerized Maintenance Management Systems (CMMSs) should provide the needed information they rarely deliver samples of adequate quality. Cerrejon, an integrated mining operation in Colombia, South America solved the information management problem by applying a "Living Reliability Centered Maintenance (LRCM)" process to its fleets of Trucks, Graders, Dozers, Loaders, and Shovels. This paper describes a method wherein completed work orders capture reliability analysis enabling information. The 'right' maintenance observations reference significant failure modes. Work orders link to records in a continuously growing Reliability Centered Maintenance (RCM) structured knowledge base. Grouped and filtered knowledge-to-work order links, being instances of failure modes, provide the samples required by reliability analysis software tools and methods. LRCM software and related procedures facilitate the growth of knowledge, manage the work order-to-RCM relationship, and generate samples for subsequent reliability analysis.

May 1, 2011

By François Charette

High stress conditions in weak rock masses lead to large deformation and breakdown of the rock material, while stress release events in hard rock mines can lead to sudden and usually violent rock failure. Typical support systems combine various reinforcement and support mechanisms to provide the required convergence control and retainment, but results are often mitigated by failure of surface liners, shotcrete and tendons. The paper reviews differing requirements of support and reinforcement for different failure types. In addition, the mechanical performance of a new reinforcing tendon is presented and analysed in view of the field requirements. Field tests results are presented.

May 1, 2011

By Robin Belley

Outline Introduction Wabush Mines HistoricalBackground Mine and Concentrator at WabushMines High Intensity Magnetic Separators (HIMS) Development of the Manganese Removal Process Pilot Plant Testing Phase Manganese Removal Line 1 Coming Phase: Manganese Removal Line 2 Manganese Concentration Process Development Historical Background 1847: Creation of the Cleveland Iron Company1850: Opening of its first iron ore mine in the Upper Peninsula of Michigan 1965: Beginning of Wabush Mines at Scully Mines, Wabush, Labrador. 1980-1990: Questions raised about how to exploit Scully high Mn Ore (> 2%)Part of the available ore is not saleable due to too high a level of pyrolusite (MnO2) Adding this ore to the resources would be valuable (longer mine life and lower stripping ratio) 1990s: Testwork for Manganese removal Many different processes are studied over more than a decade High Intensity Magnetic Separators (HIMS) are identified as the best technology for Mn removal 2007: Pilot Mn removal line installed Testing carried out through 2007-2008 First Production Line is ordered (2008) 2009: Cleveland Cliffs (now Cliffs Natural Resources)acquire the remaining part of Wabush Mines 2010: Mn Removal Line 1 construction & commissioning Summer 2011: Mn Line 2 Construction

May 1, 2011

By Dean L. Millar

Measures taken by mining companies around the world to reduce their carbon footprints are becoming increasingly important in the sector securing its social licence to operate. The options for measures reduce to three categories of activity: i) demand reduction by avoiding unnecessary waste of supplied energy, ii) improving the utilization of energy that does have to be consumed and iii) adopting low carbon energy production options?including renewable energy. As well as the environmental imperative, as the prices of electricity, gas and liquid fuels increase, so the economic case for activities i) to iii) gains higher priority, especially in such an energy intensive industry. The specific energy consumption for certain upstream minerals industry operations in Canada is reported to be as follows: underground mining: 99.5 kWh/tonne mined; surface mining: 11.7 kWh/tonne mined; base metal processing: 81.4 kWh/tonne milled; gold processing: 99.6 kWh/tonne milled. Around 508 kWh/tonne (slag) of heat is reported to be available in cooling slag from 1500°C to 25°C; an amount that is simply indicative of the energy intensity of downstream smelting and refining operations. Low carbon, energy saving technology options that are available to mining industry companies lead to projects with return rates that must compete alongside other capital intensive projects considered by mining company boards. Energy projects frequently involve longer payback periods and lower rates of return than those of competing bids for capital, such as those for development of new mineral properties. For energy services companies (ESCOs) that specialize in the financing, construction, and the efficient operation and maintenance of energy projects, the same returns and payback periods may be considered acceptable or even attractive. For the ESCO, the key commercial risk mitigating factor is a securing a long term contract for the supply of energy.

May 1, 2011

By Bryan Tisch

Goal of GMGE ??To advance mine reclamation through the beneficial use of organic residuals for the sustainable establishment of bioenergy crops and other productive land uses Objectives ??To advance the current ?standard? of mine reclamation by demonstrating that mining lands can safely become agriculturally ?productive? through the use of organic residuals. ??To generate and compile sound scientific data that can be utilized by stakeholders to better assess the environmental impacts of utilizing these materials. ??To complete a manual of best practices regarding the utilization of organic residuals on mine lands. *Considerable effort to be placed on operations/implementation side of utilizing residuals ?rather than just pure research

May 1, 2011

By Matthew A. Baumann

Tooth wear on mining shovels presents a challenge for productivity. A shovel with worn teeth suffers from increased digging forces, longer fill times, and an increased likelihood of lost or broken teeth and adapters. Efficient maintenance planning relies on knowledge of tooth decay rates and patterns. A fully automated wear monitoring system can record detailed logs of tooth wear, permitting G.E.T. personnel to optimize maintenance scheduling. Studies have demonstrated that planned tooth change-outs result in significantly reduced costs as compared to unplanned maintenance. A machine-vision-based tooth-wear monitoring method is introduced. A rugged camera is installed on the boom of cable shovels, or on the stick of hydraulic shovels. The images are processed using a photogrammetric algorithm to determine the individual tooth lengths. Tooth length data is collected at intervals during shovel operations, forming a profile of the current wear state, speed of decay, wear pattern, and expected lifespan of teeth. A case study in a South American mine on a Komatsu PC8000 hydraulic front shovel is presented. Tooth wear is tracked over a 6-day period and wear rate statistics are computed for 6 teeth. This validates the system and provides an example of how wear patterns can be recorded and analysed by an automatic system. Armed with this data, mine personnel can reduce the cost and lost time due to unplanned maintenance, and observe the effects of mine conditions and operator behaviour on tooth wear.

May 1, 2011

By Virginia T. McLemore

The Gallinas Mountains are in northern Lincoln County and southern Torrance County, New Mexico, USA where a series of alkaline igneous bodies, including porphyritic latite, trachyte/syenite, andesite, and rhyolite laccoliths, flows, dikes, and plugs, have intruded Permian sedimentary rocks belonging to the Permian Abo, Yeso, and Glorieta Formations. A small amount of bastnaesite, a REE mineral, was recovered during processing for fluorite from the Gallinas Mountains. Four types of deposits are found in the Gallinas Mountains: epithermal REE-F veins, Cu-REE-F veins, REE-F breccia pipes and iron skarn deposits; all are associated with Tertiary alkaline to alkalic-calcic igneous rocks. Alteration includes brecciation, silicification, chloritization, and fenitization. District zonation is defined by Cu-REE-F (±Pb, Zn, Ag) veins that form center of the district, surrounded by REE-F veins. Carbonatites are inferred at depth by the presence of fenitization, carbonatization of the breccias, presence of REE and similarity of the intrusive rocks and mineralization to areas with known carbonatites.

May 1, 2011

By Robert J. McCarthy

Many technologies have been adopted over the last half century for the haulage of material from open pit mining operations. Some of the technologies utilized include rail, off-highway trucks, conveyors, and slurry pipelines - each having its unique application and benefits. Over time, truck haulage has become the primary means of surface mine material movement, though recently it has been plagued by problems of tire shortages, high diesel fuel costs, labour shortages, and carbon emissions. This paper focuses on In-Pit Crushing and Conveying (IPCC) as a competitor to truck haulage which has the potential to solve many of these problems. An overview of the available technology is presented along with measures required to overcome perceptional if not physical barriers to implementing this technology in modern open pit mines.

May 1, 2011

New Millennium Capital Corp. shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the user arising out of the interpretation, reliance upon or other use of the information. Users should not rely on information for any purpose other than for gaining general knowledge of New Millennium Capital Corp. Although New Millennium Capital Corp. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.

May 1, 2011