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The Object: Connected Tool for reducing Vibrations

Vibration is a common cause of interruptions in manufacturing. With the long, slender tools used in internal turning, this challenge is amplified. The connected tool Silent Tools + has been developed to reduce vibration with damping technology and in addition to provide insights from inside the component.

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Sotkamo Silver completes Technical Report of Silver Mine and Feasibility Study

Sotkamo Silver has completed the latest Technical Report of the Silver Mine project including updated feasibility study. Based on the economic analysis in this feasibility study, the Silver Mine project is, with current assumptions and knowledge, notably profitable. The Mineral Resources and Ore Reserves in the Technical Report has been prepared and classified in accordance JORC Code, 2012 Edition.

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Relocation in Malmberget in Sweden to continue Mining

One of Sweden's biggest urban relocation projects is now under way. Today the first building in the second phase will be loaded for transport by trailer along a seven-kilometre route. The building weighs 180 tonnes, about as much as 100 large passenger vehicles, and is 22 m long, 10 m wide and 11 m tall.

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New CEO of Höganäs AB appointed

Fredrik Emilson, 48 years old, has been appointed new President and CEO of Höganäs AB. Fredrik has been responsible for the company’s business in Asia since 2012 and prior to that held the same position in Europe for two years. He succeeds Melker Jernberg, who will leave the company.

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Board Composition Proposal by Boliden’s Nomination Committee

Boliden’s Nomination Committee will propose to the Annual General Meeting of Shareholders, to be held on 25 April 2017, that Pia Rudengren is elected as a new Member of the Board, and that current Board Members Marie Berglund, Tom Erixon, Lennart Evrell, Michael G:son Löw, Elisabeth Nilsson, Anders Ullberg and Pekka Vauramo are re-elected. Anders Ullberg is further proposed to be re-elected as Chairman of the Board. Ulla Litzén has declined re-election.

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Sandvik AB - Nomination Proposal for Board of Directors for the 2017 Annual General Meeting

The Nomination Committee of Sandvik AB proposes the election of Marika Fredriksson as new Board member and the re-election of the Board members Jennifer Allerton, Claes Boustedt, Johan Karlström, Johan Molin, Björn Rosengren, Helena Stjernholm and Lars Westerberg. Johan Molin is proposed to be re-elected Chairman of the Board. Jürgen M Geissinger has informed that he is not available for re-election.

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Endomines Ore Reserve and Resource Estimate Update

Endomines is making a public announcement of its updated ore reserves and mineral resources estimates. The estimates have been prepared according to the 2012 Australasian Code for Reporting of Mineral Resources and Ore Reserves (Joint Ore Reserve Committee - JORC-code). The updates have been prepared by various authors (Endomines - in house and others). The update represents the production situation as of December 31st 2016.

The results are as follows:

 

Endomines Ore Reserve and Resource Estimate

In the Pampalo underground mine almost all the ore reserve and resource mined in 2016 has been replaced by new ore reserves and resources. The data included results from the underground drilling campaign completed in 2016. Totally some 21 000 meters were drilled during 2016.

A new resource estimate has been prepared for Pampalo NW and Pampalonlammit. Although the resource estimates are relatively modest, it proves that it is still possible to find new resources near Pampalo.

Hosko and Muurinsuo were removed from ore reserves because the deposits are likely uneconomic with the current gold price. Hosko and Muurinsuo remain as mineral resources.

”Pampalo total reserves and additional resources have remained almost on the same level as a year before as new resources have been discovered and resources have been converted to reserves from the Pampalo deep extension area. During the past years we have all the time been able to convert Pampalo deep resources to reserves and discover also new resources from Pampalo Deeps. This exploration history supports our view that the exploration potential of Pampalo deep extension is high and continues”, comments Markus Ekberg, CEO of Endomines AB.

“We can certainly be satisfied that new resources Pampalo NW and Pampalonlammit – although modest at this stage - have been discovered and developed during the year 2016. This certainly confirms possibilities for new discoveries on the mining lease area”, continues Markus Ekberg.

This statement has been controlled by Eurogeologist Jani Rautio MSc (Geol) acting as a Qualified Person. Endomines applies Fennoscandian Review Board –standards for public disclosure of mineral resource and reserves. Jani Rautio is a full time employee of Endomines.

Source: Endomines AB

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