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Port Houston undergoes Modernization with help from Engineering Firm, Hatch

Port of Houston Authority (PHA) continues to upgrade and modernize elements of its Barbours Cut Container Terminal—one of two major container terminals that they operate—to accommodate a forecasted double-digit growth. PHA oversees 25 miles of terminals along the 52-mile-long ship channel the busiest port in the US in terms of foreign tonnage, second-busiest in overall tonnage, and sixteenth-busiest in the world. PHA has called upon Hatch, an engineering and consultancy firm with more than two decades of experience at Port Houston, to plan and execute upgrades to the in-bound truck check-in gate and security gates, which are nearing their functional capacity. By expanding, relocating, and modernizing the gates and components, the terminal will have a throughput of 2.5 million TEUs, twice that of the existing in-bound gate system.

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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In the Pampalo underground mine almost all the ore reserve and resource mined in 2016 has been replaced by new ore reserves and resources.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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Samarco Update concerning Tailings and Restart of Operations

Samarco Mineração S.A (Samarco), BHP Billiton Brasil LTDA (BHP Billiton Brasil) and Vale. S.A (Vale) agreed a non-binding term sheet outlining the general terms and conditions for the use of Vale’s Timbopeba pit by Samarco to deposit its tailings, should Samarco restart. Vale would transfer the Timbopeba pit to Samarco and, as compensation, Samarco would supply to Vale an amount of non-processed ore (Run-of-Mine – ROM) for a certain period.

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Geotechnical Failure at Katanga Mining Limited - Update 2

Glencore notes the update made by Katanga Mining Limited. The search for the remaining five individuals continues led by 20 search and rescue professionals. All available resources have been allocated to the team. Katanga continues to work closely with the relevant authorities and is providing all the necessary support for the families of the affected individuals.

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