-30- The hurricane is rapidly changing and evolving. It is currently a confirmed Category 1 hurricane. RCMP have blocked Highway 207 from MacDonald House to the intersection of Highway 207 and Crowell Road, to prevent people from accessing Lawrencetown Beach. This section of highway is only open to emergency vehicles. Eastern Shore Road in Queens County, from Port Medway to West Berlin, is closed because of a fallen tree and downed power line. Highway 331 between Risser Beach and Petite Riviere, Green Bay Road, both in Lunenburg County, are closed because of downed power lines. People are reminded to exercise caution when going down darkened stairwells during power outages. Any questions on food safety can be directed to the Department of Agriculture’s food safety line at 1-877-252-3663. The line is being monitored by food safety specialists. Roads next to Queensland Beach and Kennedy’s Beach are closed due to surf on the road. A section of Trunk 3 is closed because of downed trees. The Emergency Management Office is reporting the following activity as a result of Hurricane Earl:
Canada Lithium has announced that Scotiabank and Caterpillar Financial have provided credit-approved commitments to provide a C$75 million, five-year debt facility to finance Canada Lithium’s Quebec Lithium open pit mine and process plant near Val d’Or. In addition to the debt facility, Caterpillar will provide up to US$17 million lease financing for the mobile mining equipment. Construction of the Quebec Lithium Project began in August 2011 and is progressing on schedule and on budget. Commissioning of the US$207 million project will commence in late 2012, and the company is in advanced discussions in respect of lithium carbonate off-take agreements with a number of potential domestic and international customers.Sales of battery-grade lithium carbonate to a global market heavily focused on battery makers in South Korea, China and Japan are anticipated to begin in the first quarter of 2013. At full production, the project will produce in excess of 20,000 t/y of battery-grade lithium carbonate destined for export abroad and for markets in Quebec. Caterpillar has completed credit approvals to provide up to US$17 million in equipment lease financing for the main components of the mining equipment fleet. Construction of the integrated mine and lithium carbonate processing facility, which began with site-clearing in August 2011, has reached a milestone stage as the process plant building (structural steel and metal cladding) is now 75% complete. The mine workshop and office facility are 85% complete. Over the next three months, EPCM engineering group GENIVAR will install mechanical and electrical components throughout the process plant, in advance of major equipment items such as crushers, ball mills, kilns and hydrometallurgical components that are scheduled to begin arriving on-site in April and May 2012.