New Gold backs CEEC on energy efficiency

New Gold Inc. is sponsoring CEEC international Ltd. CEEC is the global mining industry’s Not for Profit body focused on accelerating the transfer of knowledge related to efficient comminution strategies, with the benefit of improving mineral processing productivity and corporate earnings. It is estimated comminution uses up to 3% of the world’s electrical energy, equivalent to Germany’s consumption. Alternative mineral processing strategies offer substantial financial benefits in the face of rising energy costs, falling ore grades and ore bodies in remote locations or great depths.

“New Gold Inc. demonstrates their long term vision for the mineral processing industry by sponsoring CEEC. Efficient mineral processing strategies will deliver improved productivity and earnings. With New Gold’s support, CEEC will continue to share the proven technologies which deliver these benefits.” Joe Pease, CEEC Chair.

New Gold Inc. was recently awarded the Canadian Industry Program for Energy Conservation (CIPEC) Energy Performance Management Award. This award recognized New Gold Inc.’s New Afton Mine for improving their energy performance through enhancements to their monitoring, measuring and reporting processes relating to the facility’s energy consumption. New Afton Mine demonstrates its commitment to energy management through sustainable mining practices including, employee awareness and energy management information systems. These efforts have resulted in verified annual savings of nearly 9,000 gigajoules of energy thus far in 2014 with a further 21,600 gigajoules of annual savings expected by the end of the year. New Gold Inc. (New Afton Mine), located in Kamloops, British Columbia, achieved ISO 50001 certification in early 2014 and is the first mine in North America to do so. The system ensures that the New Afton site continuously monitors, tracks, evaluates and verifies energy performance at the gold and copper mining facility.

“New Gold is committed to ensuring that we are as efficient with our energy as possible which has benefits for our company, our stakeholders and ultimately our environment” said Robert Gallagher, Chief Executive Officer of New Gold Inc. “Pursuing energy reduction strategies in our operations is a strategy that has lowered our cash costs. But a focus on optimizing communition practice is a key driver for our mines. We recognize that as we develop new projects such as Rainy River and Blackwater, the grinding circuit design is critical. Optimizing comminution efficiency allows us to integrate incremental productivity gains into our operating plans, achieve our commitments to our stakeholders, and expand operations for example, at New Afton Mine.

Integrating alternative efficient comminution strategies into our development process allows us to look deeper, at more remote deposits, lower grades, and more complex mineralization as New Gold considers future investment opportunities.”

About New Gold New Gold is an intermediate gold mining company. The company has a portfolio of four producing assets and three significant development projects. The New Afton Mine in Canada, the Mesquite Mine in the United States, the Peak Mines in Australia and the Cerro San Pedro Mine in Mexico, provide the company with its current production base and solid foundation. In addition, New Gold owns 100% of the Rainy River and Blackwater projects, both in Canada, as well as 30% of the El Morro project located in Chile. New Gold’s objective is to be the leading intermediate gold producer, focused on the environment and social responsibility. – See more at: http://www.newgold.com/#sthash.d5vLUcgz.dpuf

About CEEC CEEC is a not-for-profit global company whose mission is to accelerate knowledge and technology transfer in the field of energy-efficient comminution (crushing and grinding). CEEC aims to raise awareness of beneficial alternative comminution strategies with the objective of improving earnings, achieving lower processing costs and gaining energy efficiencies in the mining sector.

CEEC is the acronym for the Coalition for Eco Efficient Comminution. CEEC was established by a visionary group of mining industry leaders, who recognised the need to provide a platform for effective communication of the latest technical findings on efficient comminution practices. Extensive research and improved engineering design has established that a range of improved blasting, crushing and grinding techniques may lower project costs, and carbon footprint. These include relatively straight forward strategies such as: removing waste material before size reduction, a better combination of grinding technologies and targeting larger grind sizes where mineralogy allows.

CEEC is funded wholly by industry sponsorship from Anglo American, Barrick Gold, Aspermont, Indophil Resources NL, Gekko Systems, Goldcorp, Ausenco, XT, Outotec, Orica, Derrick Corporation, Metso, AMIRA International, JKTech, MMG, Weir Minerals, Multotec, New Gold and Russell Mineral Equipment.