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July 15, 2017 • Vol. XX • No. 14 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
Inside
USACE photo
Nebraska Mine Could Net $17.6B By Matt Olberding LINCOLN JOURNAL STAR
Dawes Crane M oves Memorial F-4 Jet…12
After years of research and public input, work is under way on the roughly $2 billion Fargo Moorhead (FM) Area Diversion Project. Deutz Ser vice Center Hosts Open House…16
Flood-Prone Area Sees Risk Management Project By Cindy Riley CEG CORRESPONDENT
GeoSha ck Showc ases Technology at Event…18
Table of Contents............ 4 Wheel Loaders, Tool Carriers & Attachments Section...................... 39-60
After years of research and public input, work is under way on the roughly $2 billion Fargo-Moorhead (FM) Area Diversion Project. The complete FM flood risk management project plan includes building a 30-mi. earthen channel, a 12-mi. long southern embankment, 19 highway bridges, four railroad bridges, three gated control structures and two aqueduct structures.
“The Fargo-Moorhead metropolitan area, the economic center of the region, is prone to frequent flooding,” said Bonnie Greenleaf, U.S. Army Corps of Engineers (USACE) assistant project manager. “The cities of Fargo and Moorhead barely survived the 1997 and 2009 floods. This project will provide flood risk management for more than 230,000 people and 70 square miles of infrastructure in the communities of Fargo, Moorhead, West Fargo, Horace see FARGO page 76 USACE rendering
Paving Section.......... 77-90 Business Calendar........ 93 Auction Section...... 95-103 Advertisers Index........ 102 A rendering of the completed Fargo Moorhead (FM) Area Diversion Project.
LINCOLN, Neb. (AP) The proposed rare metals mine in southeast Nebraska would produce $17.6 billion over its lifetime. That’s the conclusion of a feasibility study released by NioCorp Investments Ltd., the company hoping to make the mine a reality. NioCorp has been working on the feasibility study for the proposed mine near Elk Creek in Johnson County for more than three years. According to the study, NioCorp believes the mine has the potential to produce $17.6 billion in revenue over its 32-year life span. Operating margin on that $17.6 billion is predicted to be $12.2 billion, and annual pre-tax earnings would be nearly $390 million. The study predicts the mine would annually produce more than 11,000 tons of titanium, more than 7,000 tons of niobium and more than 100 tons of scandium. The study predicts startup costs of more than $1 billion, meaning it would take a little more than three years for the mine to break even. For the project to become a reality, NioCorp still needs to secure a tremendous amount of upfront funding to pay for the mine and its infrastructure, but CEO Mark Smith said he believes the positive nature of the feasibility study puts the company on the right track. “The primary goal of any project feasibility study is to de-risk the proposed project such that financing can be obtained,” Smith in a news release. Smith told The Lincoln Journal Star that it also helps that NioCorp already has agreements in place for 75 percent of the production from the mine as well as a key federal water permit received earlier this week from the U.S. Army Corps of Engineers. Smith said next steps include continuing “ongoing discussions with institutional investors in Europe and elsewhere,” securing other needed permits and working toward starting construction on the mine. NioCorp has previously said construction of the mine would take about two years. The project is expected to create up to 1,000 construction jobs and about 300 permanent jobs. (This story also can be found on Construction Equipment Guide’s website at www.constructionequipmentguide.com.)