Meanwhile, North American’s Q3 growth increased by $18.6 million year-on-year, primarily reflecting 2012’s Reed Minerals Inc. acquisition, as the company pursues new opportunities in Q4 2013 and in 2014. In particular, North American continues pursuing permitting for its Otter Creek reserve in North Dakota ahead of new mine construction.
Over the longer term, North American seeks to enhance unconsolidated mine earnings by 50% through 2018, through development and maturation of new mines and normal escalation of contractual compensation at existing mines.
