Noble history throughout century of mining.Member companies of the Saskatchewan Mining Association (SMA (1) See SMA connector. (2) (Shared Memory Architecture) See shared video memory. (3) (Software Maintenance Association) A membership organization that began in 1985 and ended in 1996. ) have a tradition of good governance The terms governance and good governance are increasingly being used in development literature. Governance describes the process of decision-making and the process by which decisions are implemented (or not implemented). built and fostered through more than a century of mining. High standards are upheld by employees and managers at all levels of the industry and it is this history of diligent dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d attention to safety, economic prosperity, sound corporate conduct and the environment that the industry celebrates with this year's theme of 'One Hundred Years of Mining.' SMA Executive Director Phil Reeves has a keen sense of this history and of the dedication it has taken to establish mining's prestige at home and around the world. He credits the foresight (graphics, tool) Foresight - A software product from Nu Thena providing graphical modelling tools for high level system design and simulation. and ambition of industry founders for staking mining to its current reputation. "One of the main messages we carry with us as an association is that we are a highly respected member of the global mining community," Reeves says. "We've earned that reputation by building a substantial legacy in mining." "We have quite a rich history that goes back to the first days of coal mining near Bienfait and to the turn of the 20th century when there were dredges on the North Saskatchewan River The North Saskatchewan River is a glacier-fed river flowing east from the Canadian Rockies to central Saskatchewan. It is one of two major rivers that join to make up the Saskatchewan River. east of Prince Albert Prince Albert, city (1991 pop. 34,181), central Sask., Canada, on the North Saskatchewan River. Prince Albert is a commercial and distribution center for a lumbering, gold- and uranium-mining, and mixed-farming area. There are wood-products and meatpacking industries. recovering gold." Each mining sector has an interesting story to tell beginning with early discoveries and carrying on into exploration, development, production and onto the world stage. Coal, gold and metallic minerals have been around since the beginning, while potash potash: see potassium carbonate. potash Name used for various inorganic compounds of potassium, chiefly the carbonate (K2CO3), a white crystalline material formerly obtained from wood ashes. and uranium have histories of only a few decades. The diamond sector is in the earliest stage of what may be a lucrative run. "With metallic minerals the discovery of massive copper and zinc deposits in the Flin Flon Flin Flon (flĭn flŏn), city (1991 pop. in Manitoba, 7,119; in Saskatchewan, 330), on the Man.-Sask. border, Canada. It is a mining and smelting center in a region producing copper, zinc, silver, gold, and cadmium; it also serves a lumbering area in 1915 got things started," Reeves says, noting the industry has seen ups and downs ups and downs pl.n. Alternating periods of good and bad fortune or spirits. ups and downs Noun, pl alternating periods of good and bad luck or high and low spirits and is just now seeing its markets rebound after an extended soft period in the mid-1990s. "We had flurry of activity in the gold sector in the mid-1980s that resulted in some smaller operations, plus the Seabee Mine has continually added to its reserve base to achieve fine results over the past decade. In both of those sectors you need sustained strong metal prices to prosper." The growth of the world economy, particularly in China, has seen a huge demand for raw materials. The new 777 shaft and modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, of the smelter at Flin Flon establishes an infrastructure that will attract exploration and brings confidence the region will continue to have a long future as a mineral producer. "Potash," Reeves describes, "is a resource that was first identified in Saskatchewan in cuttings from an oil well in the Radville area in the 1940s however there was some activity in the Weyburn area in 1917 that was reported in the paper as potash exploration. It took a few shaky, failed attempts and some technological advances before mine development really took off in the 1960s." Now, potash is a cornerstone of the industry with sales of more than $2.2 billion last year. Uranium exploration began in earnest in the 1950s and production took off in the late 1960s as a number of nuclear power plants came online around the world. Oil companies were heavily involved as early players until the uranium industry came into its own. "It wasn't until Key Lake in 1975 that geologists came up with a model to show how uranium formed in these deposits," explains Reeves. "From there, exploration technologies became more refined and they were able to focus on identified targets instead of shooting blind." Reeves imparts another interesting piece of history in that there were scattered Scattered Used for listed equity securities. Unconcentrated buy or sell interest. tales of diamonds being found in northern Saskatchewan as far back as the 1960s. Come ahead to 1988 and the revelation of kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. at Sturgeon sturgeon, primitive fish of the northern regions of Europe, Asia, and North America. Unlike evolutionarily advanced fishes, it has a fine-grained hide, with very reduced scalation, a mostly cartilaginous skeleton, upturned tail fins, and a mouth set well back on the Lake--which led to the current exploration boom in the Fort a la Corne area--and you realize the rich history of mining in Saskatchewan is a work in progress. [ILLUSTRATION OMITTED] "It would be a significant bump to the economy if a new development were to go ahead in the Fort a la Corne diamond play," Reeves says. "It has the potential to be the same size as the uranium industry and we've seen how significant that industry has been in our history." Diamond companies are following the lead of industry forerunners by engaging local people in consultation and collaborating with impacted communities. They are also joining the SMA and embracing the industry's philosophies and standards. Reeves says the SMA, for their part, is working to simplify regulations and ensure an attractive investment climate. "Mining is a cyclical cyclical Of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements. business and right now there's a window of opportunity to be a serious contender in the development of mining projects. Our interest is in seeing those projects developed in Saskatchewan and that's where having the proper investment climate is so critical." With the doubling of lands under disposition Reeves is confident the exploration tally will hit the $100-million mark over the next year, split roughly in half between diamond and uranium exploration. He feels there is plenty of untapped potential in mining. "Investors in the resource sectors weathered the tech bubble over the last few years until everyone realized the value in that was mostly paper," Reeves comments. "Now that we've seen escalating metal prices and a strengthening of commodity prices in general, the market outlook for products mined in Saskatchewan is very positive." |
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