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We produce high-quality, cleaner-burning coal that is sold to markets throughout the world. Our equity partner, Galena Private Equity Resource Fund is a metals and mining investment fund managed by Galena Asset Management, which has $2.5 billion in managed assets and is a wholly-owned subsidiary of Trafigura Beheer BV. Trafigura AG is our exclusive marketing agent – Trafigura AG is one of the world`s leading international commodities traders specializing in the oil, minerals and metals markets. They have 81 offices in 56 countries and had $120 billion in Turnover in 2012. Trafigura AG is also a wholly-owned subsidiary of Trafigura Beheer BV.
Barrick Gold Corporation (Barrick) is engaged the production and sale of gold, as well as related activities, such as exploration and mine development. Barrick also produces copper and holds interests in a platinum group metals development project and a nickel development project, both located in Africa, and a platinum group metals project located in Russia. Barrick has four regional business units (RBUs): North America, South America, Australia Pacific and Africa. On March 5, 2008, Barrick completed the acquisition of additional 40% interest in the Cortez property. During the year ended December 31, 2008, the Company acquired Cadence Energy Inc.
For over 100 years, American Gilsonite Company has been the world’s only supplier of Gilsonite®, a naturally occurring hydrocarbon resin (uintaite) found exclusively in our mines in Northeastern Utah. With a number of unique chemical properties and physical characteristics, Gilsonite is used extensively as a high-performance additive in oil and gas drilling and other industrial applications. In the oilfield, Gilsonite plays a critical part in meeting increasingly complex drilling challenges. The strength, flexibility, extreme light weight and environmental safety of Gilsonite make it a superior additive for cementing and drilling fluids. In the industrial market, Gilsonite plays a vital role in improving the quality and performance of asphalt, inks, paints, stains, construction materials and foundry castings. We are much more than just a supplier of Gilsonite. We partner with our customers to understand their specific technical challenges and to develop products and solutions that capitalize on Gilsonite’s superior performance in every application.
Cline Mining is a coal mining company.
Scandium International Mining Corp. (TSX:SCY) owns an 100% interest in the Nyngan Scandium Project, located in New South Wales, Australia, approximately 500 kilometers northwest of Sydney. The Company completed a definitive feasibility study for the project in May 2016 and is focused on advancing the Nyngan Scandium Project to construction, with the objective of being the first company to achieve production of scandium oxide and aluminium-scandium master alloy from a primary scandium mine. Scandium International has completed all required governmental approvals with the objective of commencing site works in 2018 (subject to financing) and scandium production in late 2019. The Company also owns an 100% interest in the Honeybugle Scandium property, an exploration property some 20km from the Nyngan Scandium Project in NSW, Australia. The Kiviniemi property in Eastern Finland addresses an SCY objective to find a potentially significant scandium production source in Europe that we believe will be welcomed by European markets. This property benefits from high quality, well documented grass roots exploration work done by GTK, which gives us a faster start in our search for that European production asset. Equally important, we see positive early potential to address mineral grade concerns with low cost, on-site, effective upgrade techniques, which we intend to pursue with test work and our scandium processing know how. The Kiviniemi property represents a medium grade scandium resource target that has remained unrecognized and overlooked by exploration work, largely due to the absence of the more commonly sought-after minerals in the region, specifically copper, nickel and cobalt.