Cliffs Natural Resources assets in Quebec and Labrador to be put up

MONTREAL — Idled Quebec iron ore mines, railways and port facilities, are about to be put up for sale as part of a court-supervised exit from eastern Canada by Cliffs Natural Resources.The Cleveland-based miner’s subsidiaries, which filed for creditor protection in January, are seeking a Quebec court’s permission to solicit interest next month in the Bloom Lake mine, the Wabush Mine, and related port and rail assets in Quebec and Labrador, according to a motion filed by monitor FTI Consulting Canada.Bloom Lake General Partner Ltd. and affiliates such as Cliffs Quebec Iron Mining filed for protection under the Companies’ Creditors Arrangement Act amid falling iron ore prices.Excluded from the sale process are Cliffs’ chromite assets in Ontario’s Ring of Fire that are in the process of being sold to Noront Resources for US$20 million.Parties interested in the assets would be required to submit non-binding letters of intent by May 19. Qualified parties would be invited to submit formal bids by an unspecified date, followed by a possible auction.Noront Resources gets prized Ring of Fire assets in deal with Cliffs Natural ResourcesCliffs Natural Resources files for creditor protection for Canadian armThe assets being sold include businesses related to the Bloom Lake mine, Wabush Iron Co. Ltd., Wabush Resources Inc., Arnaud Railway Company, the Wabush Lake Railway Company Ltd., and port facilities in Pointe-Noire, Que.Cliffs has said the court process would buy the owners time to explore restructuring and sale options.It may also protect the company from the US$700 million of closure costs, mainly from three years of obligation to the Quebec North Shore and Labrador Railroad owned by a Rio Tinto subsidiary, Iron Ore Company of Canada.Cliffs acquired majority ownership of Bloom Lake — a mine in the iron-rich Labrador Trough that began production in 2010 — as part of its takeover of Consolidated Thompson Iron Mines Ltd. in a $4.9-billion deal that closed in 2011.It had produced more than six million tonnes of ore annually. read more

KEESTRACK to showcase integral approach at CONEXPOCONAGG

first_imgKEESTRACK says its technology is not only characterised by the high mobility between and on sites or its ease of operation – “to guarantee economic efficiency and uncompromised end product quality, the company is also focusing on state-of-the-art drive technologies and sophisticated processing concepts. Intensive research on sustainable electric drive concepts is only one example – another important field is the consequent use of modern communication technology for remote plant control and maintenance management with the telematics tool Keestrack-er”.“Perfectly adapted on processing environments, the GPS supported monitoring system provides real-time machine status information and offers a large set of valuable data for optimised operations.” KEESTRACK says it is highlighting an integral approach at CONEXPO-CON/AGG in March 2017 starting with the new H4 tracked cone crusher. The light and compact plant features the KT-H4 cone crusher, “adapted and supplied by a world-leading cone specialist. The fully automated unit produces up to 250 t/h at maximum feed sizes of 7 in. The wide variety of concaves allows a high flexibility in secondary or tertiary production of highly defined end fractions.”To optimise production the plant can be optionally equipped with a pre-screen with fines chute and – as a world’s first – with a highly efficient three-deck secondary screen module with recycling conveyor for closed-circuit processing. A big feeder volume, large screening areas and high stockpile capacities allow very productive operations as in-line or stand-alone unit. The KEESTRACK H4 features a hybrid diesel-electric drive concept (345 kW Diesel (Tier 4f) / 330 kVA Genset / 135 kW E-drive for crusher). This guarantees economic fuel consumption and ease of maintenance through the wide use of electric motors on screens and conveyors. The recently introduced full-hybrid version H4e even allows full electric operation through mains or an external genset. An additional electric motor/hydro pump then supplies the hydraulic driven feeder, the secondary screen module, the tracks and all hydraulic cylinders.“High production rates and a great versatility regarding materials and end products make impact crushers increasingly the technology of choice for efficient mobile recycling applications. KEESTRACK recognised this trend very early and optimised its impactor range in terms of transport weights, ease of operation and maintenance. The use of high-strength steel qualities in machine frames and superstructures effectively reduces weight without compromising the static qualities or machine life-time. Intelligent monitoring and control systems guarantee trouble-free operation even in heterogeneous material mixes. Quick set-up routines, easy access for maintenance and the optimised wear characteristics of KEESTRACK’s original crusher technology increase the plants deployability and allow cost-effective operations even on short-term projects with smaller volumes.”At CONEXPO, KEESTRACK will also display the tracked impactor R3, with maximum 33 t the smallest unit of its impactor range and the 55 t unit R5. Both machines feature active pre-screening and will be shown with full optional equipment, which includes magnetic separators, fines conveyors and secondary screen modules with closed-circuit operation (R3: 1-deck; R5: 2-Deck). Both direct driven crushing units are characterised through large and heavy rotors, which guarantee high crushing energy combined with smooth running. Large inlet openings and efficient overload protection systems ensure productive operation in typical recycling applications without cost-intensive pre-sorting or pulverising. The machines displayed on CONEXPO-CON/AGG both feature diesel-hydraulic drives with modern load sensing hydraulics. As the larger R6, the R5 can also be equipped with a hybrid diesel-electric drive: A 150 kVA on-board genset then supplies the electric drives for conveyors and screen modules, offering important fuel saving potentials up to 25% compared to the diesel-hydraulic version.last_img read more