Ottawa plans to spend C$21 billion ($15.4bn) over five years on clean technology in one of the main platforms affecting the mining industry contained in Tuesday’s annual federal budget.
Finance Minister Chrystia Freeland said the amount, including a 30% investment tax credit to boost clean-tech manufacturing, especially in the electric vehicle (EV) supply chain, could expand to C$80 billion ($59bn) by 2034.
It was the second time this month that leaders from the Neskantaga First Nation were at Queen’s Park to ask for a meeting with Premier Doug Ford.
Two First Nations leaders were removed from the Queen’s Park chamber on Wednesday after disrupting question period over what they say is a government trampling on their rights by speeding ahead with mining developments.
Neskantaga Chief Wayne Moonias and incoming chief Chris Moonias were sitting in the visitors’ gallery during question period when NDP MPP Sol Mamakwa asked Premier Doug Ford if the government would stop moving forward with its plans to develop the Ring of Fire over some First Nations’ objections.
https://www.northernontariobusiness.com/
Offtake agreement will send Generation Mining’s copper concentrate for processing in Quebec
Generation Mining, the developers of a proposed open-pit mine near Marathon, has secured an international mining company to be the buyer of its copper concentrate. An offtake term sheet has been finalized with Glencore International AG.
According to the term sheet, Glencore will purchase an average of 50 per cent of the future mine’s total copper concentrate. The polymetallic copper concentrate also contains palladium, platinum, gold, and silver. The concentrate from Marathon will head to Glencore’s Horne smelter in Rouyn-Noranda, Que. for further processing.
OTTAWA — Today, Ontario’s Minister of Finance Peter Bethlenfalvy issued the following statement in response to the federal government’s Budget 2023:
“Our government appreciates the federal government working with us in a number of areas to help Ontario families, workers, and businesses. Together, we have attracted billions of dollars in investments, putting Ontario and Canada back on the map as an automotive powerhouse, including Volkswagen’s recent announcement that it has chosen St. Thomas as the new home of its first-ever offshore battery plant.
The Government of Canada’s 2023 budget provides significant support responding to the U.S. Inflation Reduction Act with investment tax credits in clean electricity, including small modular reactors, and clean technology manufacturing and extraction of critical minerals.
With an insatiable demand for lithium around the world, new tax incentives unveiled in the 2023 federal budget could have big implications for Manitoba’s mining industry. Lithium – the rare earth material that is a critical component in electric car batteries – can be found here in Manitoba.
“The projections for electric vehicle demand are through the roof, and there’s not enough lithium supply on the planet right now to supply it,” Dave Peck, with Grid Metals Corporation, told CTV News. It’s working with Sagkeeng First Nation to develop the new mines which it estimates are about two years away from being able to extract the material.
https://www.duluthnewstribune.com/
Of course Minnesota is a mining-friendly state. We’ve been successfully mining here for more than a century and a half, the industry fueling our state economy, propping up our schools, and defining us.
Minnesota mining has been credited for being a key to victory in two world wars. If it wasn’t for Minnesota mining, the bustle and activity at the port of Duluth-Superior, the largest on the Great Lakes, would be a shadow of itself.
The illegal tin mine was so remote that, for three years, the large gash it cut into the Amazon rainforest had gone largely ignored. So when three mysterious helicopters suddenly hovered overhead, unannounced, the miners living there scrambled into the forest.
By the time Brazil’s environmental special forces team piled out, the miners were out of sight, but the mine’s two large pumps were still vibrating in the mud. The federal agents began dousing the machines in diesel fuel.
Indigenous activists praised a recent federal government proposal to ban new mineral exploration in a swath of South Dakota’s Black Hills National Forest for 20 years but said it falls short by still allowing ongoing mining projects.
The U.S. Forest Service put forth a plan Tuesday to prohibit all new mineral exploration near one of the most contested sites in Indian Country, the Pactola Reservoir, the largest in the Black Hills. For generations, the Black Hills have been a focal point of Indigenous activism and the subject of a court battle over the federal government’s illegal seizure of the land in the late 1800s.
An investigation by conservationists has found evidence that deep-seabed mining of rare minerals could cause “extensive and irreversible” damage to the planet.
The report, to be published on Monday by the international wildlife charity Fauna & Flora, adds to the growing controversy that surrounds proposals to sweep the ocean floor of rare minerals that include cobalt, manganese and nickel. Mining companies want to exploit these deposits – which are crucial to the alternative energy sector – because land supplies are running low, they say.
Ottawa, March 28th, 2023 – Today, the federal government has recognized the minerals and metals industry’s central role in enabling the transition to a net zero economy and building Canada’s future economy.
“Without mining, there are no electric vehicles, no clean power from wind farms, solar panels or nuclear energy, and no transmission lines,” stated Pierre Gratton, the Mining Association of Canada’s (MAC) President and CEO. “Budget 2023 bolsters the ability of Canada’s mining sector to deliver for Canada and for the planet.”
https://www.theglobeandmail.com/
Five First Nations communities are planning to stare down Doug Ford in the Ontario Legislature Wednesday, alleging that the Premier is railroading through mining development without their consent.
Leaders of Neskantaga, KI, Grassy Narrows, Wapekeka and Muskrat Dam First Nations said in a statement they are converging on Queen’s Park with a message to Premier Ford that pushing through mining on their lands against their will, “courts conflict and violates their rights.”
(Bloomberg) — Obi, among hundreds of scattered spice islands in the Maluku archipelago, is an unlikely spot for a metal market convulsion. Only the northern part of this island gets power from the state utility. It’s home mostly to fishermen and coconut farmers.
Harita Nickel’s sprawling complex of processing machinery and conveyor belts tells a different story. One of a new breed of nickel producers, backed by Chinese know-how and cash, it’s using the latest generation of a method known as high-pressure acid leaching, or HPAL, to turn Indonesia’s low-grade ore into metal fit to power a Tesla car.
The province is expanding the Saskatchewan Mineral Exploration Tax Credit from 10 per cent to 30 per cent.
The provincial government has launched a plan to double Saskatchewan’s stake in Canada’s critical minerals exploration sector, while establishing the province as a global hub for rare earth elements.
Trade and Export Development Minister Jeremy Harrison and Energy and Resources Minister Jim Reiter gave details of the new strategy at a news conference hosted by NexGen Energy in Saskatoon. The goal is to nearly double Saskatchewan’s stake in Canada’s critical minerals sector to 15 per cent from 8.5 per cent by 2030.
Alberta may end up leading the world’s transition to lithium batteries
The most important date in 20th-century Canadian economic history took place on Feb. 13, 1947, on a farm near Edmonton, when Imperial Oil made one of the largest oil discoveries in the world.
A plume of oil and flames reached 15 metres toward the sky and Leduc No. 1 ushered in Alberta’s incredible oil industry. Within weeks, 500 oil companies were formed, launching Alberta and Canada into the energy big leagues and becoming a major contributor to the Canadian economy and our standard of living.
LONDON, March 24 (Reuters) – The European Union has unveiled the accelerator in its drive to reduce the bloc’s import dependency for critical minerals and metals.
The Critical Raw Materials Act (CRMA) “will significantly improve” Europe’s domestic extraction, processing and recycling capacity for metals such as lithium and rare earths, according to Ursula von der Leyen, president of the European Commission.
